Mar 22, 2017 - Draper ready to cut $1-million cheques in India

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Sree Vijaykumar From the Editor's Desk Humans find it very difficult to know what is real and what is just a fictional story in their own minds, and this causes a lot of disasters, wars and problems. The best test to know whether an entity is real or fictional is the test of suffering. A nation cannot suffer, it cannot feel pain, it cannot feel fear, it has no consciousness. Even if it loses a war, the soldier suffers, the civilians suffer, but the nation cannot suffer. Similarly, a corporation cannot suffer, the pound sterling, when it loses its value, it doesn't suffer. All these things, they're fictions. If people bear in mind this distinction, it could improve the way we treat one another and other animals. It's not such a good idea to cause suffering to real entities in the service of fictional stories. More gems from Yuval Harari here Advertisers of the day DLF - Crest: Embrace a life made to order a rare opportunity to own your dream home Gartner: New Webinar: Infrastructure and Operations Leadership Vision for 2017   Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). Draper ready to cut $1-million cheques in India The American venture investor plans to write cheques of about $1 million each, on average, for Indian startups working in areas such as Bitcoin, Blockchain, artificial intelligence and big data. Advt: Employee Banking privileges tailored just for you. Zero Balance Savings Account. Free unlimited transactions* at all Bank ATMs (Know More)   Advt: Lending solutions for all your long-term business needs No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More) Narendra Modi may be getting too powerful for his own good If the opposition to Narendra Modi doesn’t come from outside, and from the left, it will come from inside, and to his right As home loan train gets overcrowded, HFCs stare at margin squeeze Banks have aggressively cut their home loan rates and once they begin fixing their bad loans, rates will drop further. Incremental business growth too could get slower as banks garner market share Is silver poised to shine brighter than gold this year as well? Silver prices have gained by around 9.38% in the international markets and 2.69% in the domestic markets—higher than the 7.39% and 2% surge in gold prices Idea Cellular-Vodafone merger: Bankers left in the cold in $23 billion telecom deal Bankers had been circling both sides of the telecoms mega-merger since it was first mooted late last year, when competition in the sector accelerated dramatically. In India, deals worth more than $1 billion are rare. Snapdeal in talks with Flipkart, Paytm for potential sale Snapdeal investor SoftBank is leading the sale talks with Flipkart and Alibaba-backed Paytm E-commerce to strike a $1.5-1.8 billion deal Carlyle frontrunner to buy 26% stake in SBI Cards for Rs 2000 crore, GE to fully exit JV The US headquartered IT giant will however not bring in any equity but only provide technology support as a preferred vendor. How India switched to digital payment methods Growth was good in October 2016, mainly on account of festive season. 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Start-ups, some NBFCs demand exemption from thin capital provisions Experts say start-ups have low Ebitda initially and debt is raw material for NBFCs' biz requirements Adani Enterprises acquires Adani Infra Adani Enterprises has acquired 100% equity share capital of Adani Infrastructure Pvt Ltd, the company said in a BSE filing BSE provides clarity on graded surveillance measures The graded surveillance measures are aimed at alerting market participants to be ‘extra-cautious and diligent’ in dealing with certain securities How banks rush to boost their capital base Its a foregone conclusion that banks, especially PSUs, in India need to expeditiously augment capital for supporting continued provisioning requirements. New accounting standards: Firms’ consolidated results may come under Sebi scanner Not many firms have incorporated all the policies and rules that are expected of them under the new accounting standards, sources said. SBI to tap overseas bond market again; eyes $1.5 billion in dollar debt SBI, which has a board approval to raise Rs 15,000 crore through multiple routes, however, did not specify when it will tap the dollar bond market. Oil companies' mergers: Indian Oil Corporation chairman B Ashok says 'Worthwhile to look at the possibilities' Supporting the government’s decision to create integrated domestic oil companies, Indian Oil Corporation (IOC) chairman B Ashok on Monday said the company would look at all possibilities of mergers and acquisitions. Amazon's India strategy: Focus on every geography to become 'everything for everyone' Amazon India's head Amit Agarwal said the e-commerce company wants to become a platform for anyone trying to find anything on the web. Skewed logistics? 49000 complaints against e-commerce firms in India Nearly 49,000 complaints have been received against e-commerce companies till February this fiscal, a considerable jump from 28,331 for the whole of last year, Parliament was informed on Tuesday, acc Pradipta Mohapatra, pioneer of organised retail The retail sector has evolved over the years due to the early efforts of people like him Karvy to help vendors get online with just a few clicks Karvy has rolled out Karvyclick.com, a website where small vendors can avail of services such as registering on ecommerce platforms, creation of product catalogues and content and launching of products. Behemoth in making: Consolidation in telecom is inevitable, but regulation should aid competitive forces A combination of competitive pressure and technological improvement is transforming India’s telecom industry. Consequently the second and third largest companies in this sector, Vodafone India and Idea Cellular, are to merge next year creating a... Reliance Jio partners with Ciena to deliver high-bandwidth 4G services, support more users Ciena's solution will provide Jio a high-speed and highly-resilient mesh network, operating at speeds up to 200 Gb/s, and allows unprecedented scale t.. 'Digital India' is the theme of MIT conference this year MIT students have invited Ravi Shankar Prasad for a day-long brain-storming session on 'Digital India' to discuss the progress made by India in digiti.. Airtel's 'fastest network' claim false: Jio to advertisement watchdog Jio has approached advertisement watchdog ASCI to direct Airtel to remove its advertisement India's fastest mobile network: Airtel hits back at Jio Rajiv Mathrani, chief brand officer of Bharti Airtel, has responded to the allegation of Reliance Jio Infocomm that said Airtel’s claim that it is India’s fastest network is false, misleading and incorrect. ALSO READ: Jio up in arms against Airtel on network speed test “Airtel is one of the most trusted and admired brands in … For Idea, merger with Vodafone India is the right call It will be prudent for investors to observe the impact of Reliance Jio’s entry on incumbents and to wait for growth to pick up before making fresh i.. Vodafone to merge with Idea Cellular after Jio threat, form India's largest telecom operation Britain’s Vodafone Group will merge its Indian subsidiary with local rival Idea Cellular within two years, Idea said on Monday. As affluence rises, consumption in India set to hit $4 tn mark by 2025: BCG In terms of spending, the two top consumer categories — elite and affluent — will become the largest combined segment by 2025, accounting for 40% of consumption compared with 27% in 2016. Coca-Cola India to reduce focus on fizzy drinks Coca-Cola India and South West Asia president Venkatesh Kini on the company’s expansion in non-carbonated drinks, GST and problems in Tamil Nadu FMCG companies streamline supply chains ahead of roll-out Currently, consumer goods cos have warehouses in every state to avoid paying a 2% CST for goods sale HUL, P G, Nirma lose market share to small local brands In 2016, listed laundry behemoths Hindustan Unilever and Procter & Gamble either lost market share to regional and local brands or showed signs of fatigue. `Paper Boat's preserving centuries' old drinks for future generations' Towards the middle of 2014, Neeraj Kakkar decided to move his company headquarters to Bengaluru, from Gurugram. Strong rupee, logistics hurdles seen hurting non-basmati rice exports Paucity of covered rakes hits shipments E-commerce companies at receiving end, complaints swell to 49000 As many as 48,998 complaints were received against e-commerce companies at the NCH during April-February of 2016-17. Punjab Agro joins ecommerce to sell organic wheat, basmati in US, UK We are looking at the demand from Indian Diaspora spread overseas and within the country, managing director PAGREXCO, K S Pannu told ET. Drinks companies unite to counter India's looming health policies Executives from some of India’s biggest food and beverage companies have begun discussing ways to join forces and lobby the government to abandon plans to squeeze the industry. India to become third largest consumer market by 2025: Report Rising affluence will make India the third-largest consumer market by 2025, making it “Demand muted because of economic factors": GSK Consumer MD Manoj Kumar GSK Consumer MD Manoj Kumar spoke to Ratna Bhushan about prospects of a consumption revival and scaling up brands other than its flagship. Jabong launches Forever 21 on its platform With Forever 21, Jabong has now added 20 new brands on its platform in March itself and will be taking the number to 35 by the end of this month, the .. E-commerce cos at the receiving end, plaints swell to 49,000 The consumer complaints registered with the NCH are forwarded to the departments and the companies concerned. Mishra appointed to Snapdeal board by SoftBank This decision comes in the wake of Softbank-backed Snapdeal's hoping to hit profitability in the next two years as it undertakes a number of steps, in.. 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