May 30, 2017 - Bitcoin's rapid surge raises reasons to question latest frenzy

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Sree Vijaykumar From the Editor's Desk The general consensus is that in the past, technology has created more jobs than it has destroyed. As manufacturing and other 'core' jobs got automated, goods got cheaper and it increased people's purchasing power. As these people aspired for better healthcare, communication, entertainment, financial management and other services, new service jobs got created. With AI (artificial intelligence), the difference often quoted today is that there will be very few tasks for which humans are better suited than machines. This will lead to widespread unemployment. Or so goes the theory! However, consider this! AI will make people more productive (increased efficiency is more likely than complete replacement). While this will cause some amount of job loss, increased productivity will make goods AND services cheaper, thus creating more demand, leading to more jobs. With the help of our AI capabilities, entirely new categories of jobs might emerge. Advertisers of the day On behalf of SAP India: Get GST-Ready in just a few weeks shivkhera.com: Optimize Performance and Move Up to the Next Level : Programs by Mr. Shiv Khera   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). Bitcoin’s rapid surge raises reasons to question latest frenzy Bitcoin’s more than 100% surge in the past two months looks eerily familiar, argue the bears, pointing to November 2013, when the price quintupled in short order 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) Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Who are the biggest buyers of gold in India? World Gold Council says India’s gold demand was what supported the global market in Q1 2017, but where in India does the gold go to? Wondering why they're still buying stocks on D-St? We know the secret Domestic interest rates explain what's behind these high-but-not-expensive PE ratios. Does NTPC need to find a new growth engine? NTPC is rightly focusing on renewable energy opportunities and can also narrow its focus on renewable energy and tap opportunities in overseas projects, say analysts We haven’t seen the last of bad loan divergences While differences between statutory audit of bank books by auditing firms and RBI have existed historically, it all boils down to different sample sizes and is highly discretionary in nature The severity of the NPA crisis An attempt to revive the banking sector must include a credible commitment of capital Logistics-tech startup Loadshare gets funds from Matrix ​Loadshare clocks over 10,000 shipments per day and plans to use the fresh funds to invest in technology, operations and towards hiring talent. Why blockchain is like a kitty party Blockchain runs on the concept of distributed trust—much like how the lucky draw in a kitty party works: no fraud can be committed unless the entire group is involved HDFC Life may lose out on share premium if it lists without Max Life HDFC Life Insurance may seek such listing after deal with Max Life ran into regulatory hurdles Sebi raises concerns over location of MCX’s disaster recovery site The disaster recovery site is the Gujarat International Finance Technical Tec-City, or GIFT, in the same seismic zone as Mumbai, where trading on the bourse takes place NSE sets up panel to probe charges in algo trading case The NSE panel has sought responses from 14 officials who received show-cause notices from Sebi India is the biggest growth driver for Essilor, says CEO Hubert Sagnières Essilor International CEO Hubert Sagnières says the firm has revenue of €7 billion which will double to €14 billion post merger with with Luxottica IDFC Alternatives eyes deals in stressed thermal power sector Home-grown infrastructure investor IDFC Alternatives’ interest in thermal power plants comes amid a drought of deals in distressed assets space TeamLease to buy 30% stake in Freshersworld TeamLease Services will buy a 30% stake in Freshersworld.com, to infuse Rs2 crore to enhance product features and back-end technology at the job portal BPCL to seek shareholders’ nod to issue bonus shares The board of directors has recommended for the approval of shareholders the issue of fully-paid bonus shares in the ratio of 1:2, BPCL said Jubilant Foodworks shuts 13 Dunkin Donuts stores, 8 Dominos stores as profit plunges 76 pct to Rs 6.7 cr Jubilant FoodWorks which operates Domino’s Pizza and Dunkin’ Donuts outlets in India, has shut 13 Dunkin' Donuts and 8 Domino's stores in Q4FY17. GST: A worry for some ahead of festive sales Television and home appliance makers are equally worried about GST impacting festive sales, contemplating ways to soften the expected price hike. Walmart celebrates 8 years in India In order to celebrate the successful completion of eight years of starting store operations in India, Walmart India, the wholly owned subsidiary of Walmart Stores Inc., has launched ‘anniversary celebrations’ with excitement and buzz across all its Best Price Modern Wholesale Stores with `anniversary’ event till June 30. Intense heat takes a toll on prices of vegetables by upto 45% Supply rises as farmers harvest crops amid fear of spoilage on expectations of early showers Tata CLiQ to rope in 400 more brands, double growth in next fiscal, says CEO The online platform is expecting 200 percent to 300 percent growth in the next two years Indian billionaire bleeds heavily in telecom price war RCom reported a net loss of Rs 966 cr for the fourth quarter of the fiscal gone by compared to a net profit of Rs 90 cr in the same period last year. 5G doesn't seem like it's coming to India anytime soon Reliance Communications, owned by Indian industrialist Anil Ambani, saw its stock tank after reports said it missed debt payments. Here's what travel companies should do to reach mobile savy Indian consumers Make your mobile app part of the travel experience No Aadhaar? Phone users to lose their numbers, Airtel and Idea start sending SMS Airtel and Idea have started sending consumers messages telling them that their number will have to be linked to and verified with Aadhaar Vodafone India unveils complimentary smartphone insurance scheme for Red Shield customers At present, the complimentary smartphone insurance offer is only available to Vodafone Red postpaid customers with one year validity. TRAI bans telcos from offering different plans to subscribers of same category TRAI said in its two-page order that the telecom service providers should ‘notify different rates for different persons or class of persons for similar telecommunication services and where different rates are fixed’. Judy malware infects millions of Android phones: What is it and does it affect you? There is a new threat in the town. A malware called Judy is apparently infecting Android phones. Millions of phones are falling to it, says Check Point. Reliance Communications stocks, bonds fall on report of default Reliance Communications on Saturday reported a consolidated net loss of Rs 948 crore for the quarter ended March 31, 2017. OnePlus 3T phone will not be discontinued in India until later this year, here's your last chance to buy it The OnePlus 3T smartphone devices will be available in India until later part of 2017 and buyers can buy the phone on OnePlus India website and Amazon India. Row in UP over minister 'inaugurating' beer bar Trouble seems to be brewing for UP chief minister Yogi Adityanath as a minister of his government was allegedly seen inaugurating a beer shop in Lucknow. Monsoon forecast buoys equity markets; FMCG stocks rise ... Mumbai, May 29 (IANS) Despite massive volatility, the Indian equity markets on Monday closed on a flat-to-positive note after scaling fresh highs on the back of the government's announcement of the timely arrival of the southwest monsoon rains. VLCC acquires nutraceutical maker Wellscience The company would sell ayurvedic and herbal products under the new brand VLCC Wellscience. VLCC did not disclose the deal amount. ASCI Strengthens its Consumer Complaints Process ASCI strengthens mechanism for fair judgement Manpasand Beverages, Parle Products in brand promotion deal Manpasand Beverages is associating with Parle Products Pvt and plans to access 4.5 million outlets pan-India. In this association both companies will cross-promote their brands. It's early days for consumer internet in India, but here's why Amazon and Uber will win the market "Amazon and Uber are going to wipe the floor with their Indian counterparts," says e-commerce veteran K Vaitheeswaran. Find out why. ITC B Natural celeb Shilpa Shetty shows Tropicana in self video Shetty shows herself baking a cake and putting it in the refrigerator — which clearly shows two large cartons of rival brand Tropicana. Flipkart appoints former biz development head as CEO of after-sales service arm Homegrown e-commerce major Flipkart has appointed former business development head Abhijit Upadhye as CEO of Jeeves Consumer Services Pvt. Ltd, its subsidiary that provides after-sales service for home appliances and electronics. Upadhye, who had joined Flipkart in April 2016 as vice president - business development, was earlier driving growth at its logistics arm eKart, his… Meet The Women Leaders Working Behind The Scenes To Help Flipkart Take On Rivals "As women, we try to take too much burden on our shoulders that I think can be avoided." Snapdeal's HR head Saurabh Nigam quits, ahead of deal with Flipkart Nigam's tenure also saw massive layoffs by Snapdeal impacting over 2,000 employees.  Flipkart launches another 'Summer Sale' with up to 80% discounts as e-commerce battle intensifies Starting today, the sale will continue till the end of this month, with heavy discounts on electronics, home appliances and smartphones. Delivery Hero buys Middle East firm Carriage The parties agreed not to disclose financial details. Major investors in Delivery Hero include Germany's Rocket Internet and South African media and e.. China's Lianhua Supermarket says Alibaba takes 18 pct stake Alibaba formed a strategic partnership withBailian Group, the largest retailer by store numbers to join thee-commerce giant's drive to use big data to.. Fashion retail picks up pace again as e-commerce sites cut discounts Apparel and fashion divisions of four of nation’s top five listed retailers posted 14-26 per cent sales growth in 2017 fiscal, their best performanc.. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India