Dec 22, 2015 - Greybull Capital said to be favourite to buy Tata Steel's UK-based unit

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Sree Vijaykumar From the Editor's Desk Google's open-source AI project TensorFlow has competition from a new source now, OpenAI (an initiative led by Elon Musk and Y Combinator's Sam Altman). By setting it up as a non-profit, they hope to ensure that an iRobot or Terminator type scenario doesn't happen (i.e. robots don't enslave humans). Yes, this is a real fear expressed by many. By making it open source, the belief is that the collective force of humanity will contain the bad elements, thus ensuring the continuity of the human race. Sure, the most quoted achievements of machines today are harmless things like beating humans at jeopardy or chess, one needs to remember that such technologies tend to progress exponentially (as machines learn more at an accelerated pace). The Genome project took 7.5 years to get to 1% completion, but within another 7 years it was done, because it takes only 7 doublings to get from 1 to 100 - Comment Greybull Capital said to be favourite to buy Tata Steel’s UK-based unit Tata Steel will make a decision in January at the latest, according to sources Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans RBI plans guidelines for peer-to-peer lending The Reserve Bank of India is working on guidelines for peer-to-peer lending arrangements offered by online platforms, according to its deputy governor, R Gandhi. Banks pitch SDR assets to private equity firms Lenders to nine firms, including SBI and ICICI Bank, are in talks with PE firms such as TPG Capital and KKR How IPO shares gets allotted to retail investors Some retail investors who recently applied for IPOs are confused because they did not receive even a single lot of shares despite subscribing to the full quota of Rs 2 lakh Reserve Bank of India to prune NBFCs for effective regulation NBFCs' credit penetration in GDP of India is at 13%, well behind economies like Thailand and Malaysia at 25% and China, which is at 33%. However, between 2005 and 2015, the share of credit of NBFCs in India rose from 10% to 13%. Don't privatise banks, broad base shareholding below 50%: Kotak Mahindra chief Kotak Mahindra group chief Uday Kotak says the time is opportune to build India, thanks to a very favourable commodity cycle. Godrej Agrovet buys additional 25% stake in Creamline Dairy Godrej Industries’ agribusiness unit has bought the stake from existing promoters and by securing new shares after the infusion of Rs150 cr into the dairy firm TransferWise might soon infiltrate your regular banking app TransferWiseTransferWise founders Kristo Kaarmann, left, and Taavet Hinrikus.TransferWise is in "preliminary talks" with UK banks about partnering with them This is the new normal in venture capital Stefan Wermuth/ReutersIn the pre-1999 era, the top 10 investments were a much larger percentage of the total pie.The old adage that "Only 10 venture investments Why does world’s fastest growing economy need a stimulus? Does the government, like many of us, have this nagging feeling that it really doesn’t feel like 7% growth? Janalakshmi Financial has no plans for IPO in the near future Firm will be restructuring itself to create a three-tier structure so that it can adhere to RBI’s guidelines which restrict the foreign ownership in small banks to 49% Bankruptcy bill introduced in Parliament The proposed bankruptcy code will cover individuals, companies, limited liability partnerships and partnership firms, and proposes a time-bound framework GST critical for India to revive economy: Assocham HYDERABAD: With the Goods and Service Tax (GST) Bill still being stuck in  Parliament, the Associated Chambers of Commerce and Industry of India (Assocham) has ... Narayana Hrudayalaya's IPO sails through on bourses Issue was subscribed 8.5 times, with bids received for 145 mn shares Tigerair offering one-way fare for ICICI Bank cardholders Tigerair will offer a complimentary one-way fare for ICICI Bank debit, credit and prepaid cardholders on purchase of round trip tickets on flights departing from Bengaluru, Chennai, Hyderabad, Kochi, Tiruchirappalli and Lucknow to Singapore. Flipkart denies media report of Accel selling $100 million stake The information was incorrect and there has been no such transaction, a Flipkart spokesman said in an emailed statement RBL Bank raises Rs488 crore in a pre-IPO round of fund-raising RBL Bank raises the funds from international investors including ADB and UK govt’s development finance arm CDC Group, among others Finance Min Wants India to Be an Insured Nation Union finance minister Arun Jaitley on Sunday said he has asked insurers to settle all claims relating to floods in Chennai and other parts of Tamil Nadu within four weeks. Future Retail signs bond deal with Axis Bank The company will reward the bank for holding the bond till maturity by paying a higher premium on the principal amount. MNC luxury brands like Hugo Boss and others shuffle partners in quest for best Billionaire, which was expected to sign an agreement with Infinite Luxury Brands, has instead decided to partner Dubai-based BinHendi Enterprises. 'Make-In-India' Can't Be Realised Till Logistics Costs Are Reduced: Government NDTV 'Make-In-India' Can't Be Realised Till Logistics Costs Are Reduced: GovernmentNew Delhi: A bill to develop 101 waterways was passed by Lok Sabha today with government saying it was aiming to garner Rs 1 lakh crore to fund projects to provide low-cost river transportation as 'Make-in-India' dream will not be realised if logistics ... articles  UK retail sales rise in December, outlook for January weak: Confederation of British Industry British retail sales grew slightly less than expected in the run-up to Christmas and the outlook for January was weak, a survey by the CBI showed on Monday. Flipkart, Paytm, Amazon Kick Off Year-End Sales Year end deals include offers on popular mobiles, electronics, gaming consoles, and more. 70% of Samsung India's 116 crorepati employees are Koreans As per RoC data, the number of people taking home more than Rs 1 crore a year at Samsung India swelled 22 per cent to 116 as of March 31, 2015. Flipkart to focus on kids in the fashion segment, announces 'Flipkat Li'l Stars' Flipkart has marked children as a "high focus" category in the fashion segment for the coming year and has announced the launch of ‘Flipkart Lil Stars. 'More states to unveil retail policies by next year' RAI is also expecting the Labour Department to put out a model policy for the Shop and Establishments Act for states to follow. Pink slips: Startups forced to lose employees to stay afloat, wrong vision or bad luck? Startups move fast to success or face failure. Sackings are an inevitable part of life in a startup where fire fast is often a more pragmatic option to failing fast. India's largest destination mall Mall of India launched in Noida sector 18 Real estate major DLF on Friday launched its Mall of India in Sector 18 that it has billed as 'India's largest destination mall' Flipkart Growing As A Giant In Indian Retail With Rs 10,000 crore as revenues in the year 2014-15, Flipkart is the third largest retailer by revenue after Future Group and Reliance Retail, , flipkart, e-commerce, retail, sachin bansal Smartphone companies dial 4G as users hang up on 3G Sales of 4G devices in India are growing at a fast pace, led by a fall in prices, growing digital engagement with mobile phones and cheaper data plans. LTE networks in India picking up steam Deployments of 4G LTE networks in India are going at a break neck speed as operators prepare the ecosystem for a shift to 4G LTE networks. Learn more... Regulation development of telecom sector must be blended, Prasad tells TRAI NEW DELHI: Communications and IT Minister Ravi Shankar Prasad said that the telecom regulator Telecom Regulatory Authority of India (TRAI) needs to understand that regulation and development of the telecom sector must be blended and the regulator should be made accountable to the Parliament.   | Regulation & development of telecom sector must be blended, Prasad tells TRAI | Indian Television Dot Com Truecaller partners with India's Intex to offer a native phone dialer Truecaller has announced a partnership with Intex Technologies, one of the top handset makers in India, to replace the native phone dialer with the Truecaller experience. In the past, Truecaller has had strategic partnerships with Microsoft, Tata DoCoMo, and Twitter. Soon, panic button in all phones sold in India: Maneka Gandhi It is unfortunate that despite living in seemingly civilized times that we still have many cases of assault against women. At the moment there are plenty of ways women can protect themselves in suc… CommVault in talks with Reliance Jio for 4G data protection RJio logs into biggest broadband cable system - The 20,000 km-long Asia Africa Europe One submarine cable system has 32-40 terrabit per second capacity against the Bharti's cable system consortium of 3.84 tbps 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. 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