Nov 7, 2016 - Warburg Pincus bets `500cr on logistics co Rivigo

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Sree Vijaykumar From the Editor's Desk The CRISPR mechanism is a genetic vaccination card in cells. It is what protects us from infections we have had before. Our understanding of it, combined with Jennifer Doudna's discovery (more below) now allows us to perform genome engineering to potentially 'fix' diseases like 'sickle cell anemia' and perhaps even AIDS. It also leads to ethical dilemmas around scientists creating mutated humans without understanding the potential downsides. In 2012, Jennifer Doudna, Emmanuel Charpentier and their colleagues generated a new discovery that would reduce the time and work needed to edit genomic DNA. Their discovery (possibly the discovery of the century in biotechnology) relies on a protein named Cas9 found in the Streptococcus bacteria "CRISPR" immune system that works like scissors. The protein attacks its prey, the DNA of viruses, and slices it up. In 2015, Doudna gave a TED Talk about the bioethics of using CRISPR. The full talk here. A good explainer video on how CRISPR works here. Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free BMW: Celebrate joy with BMW Festival 2016   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). Warburg Pincus bets `500cr on logistics co Rivigo “This (funding) is going to be primarily utilized towards technology and hiring. We have to scale up our tech talent, investments in IoT, automation.. 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. Apply now   The Real Deal with Email and What TradeBriefs does right So, here’s the real deal with email. Yes, we all get too much email, but for those of us who check it, we do so over 15 times a day.   IPOs of private equity-backed firms stuck despite buoyant market Sector-specific issues, high valuation expectations, poor financial results behind companies’ inability to launch IPOs, say analysts The bumpy road to GST implementation It could take more than two years for benefits of GST to start reflecting in India’s GDP, the caveat being successful integration Climate finance to top India's agenda The 22nd edition of the UN-sponsored climate meet is the first global gathering since the Paris Agreement entered into effect on Friday. Poor people's access to financial services on the rise in India Survey of households in Odisha, Bihar, Madhya Pradesh and Uttar Pradesh shows an increasing number of people are being financially included AirAsia India's payouts to parent may add to its worries Many of transactions — primarily aircraft lease rentals and maintenance reserve payments — are done at higher-than-market rates, according to former employees. Govt should rein in ‘capital dumping’: Ola Foreign capital should not be used only to offer disruptive pricing, say s Ola COO Pranay Jivrajka Dalmia Bharat, OCL India Plan merger to create cement giant The scheme is subject to stakeholder and regulatory approvals, including stock exchanges and other relevant authorities. India, Japan plan to develop 'Pacific, Indian Ocean' corridor The deal would allow Japan to export nuclear technology to India With GST on its way, India rises to second spot on global biz optimism index According to the latest Grant Thornton International Business Report, India was ranked second on the optimism index during the third quarter. Oracle gets NetSuite shareholders approval to clinch $9 billion deal Oracle-Netsuite deal receives approval from 53%, or 21.78 million shares, of NetSuite stockholders that were eligible to endorse the bid RIL’s partners consider joining arbitration in $1.55 billion gas row Reliance Industries said the claim of the government is based on misreading and misinterpretation of key elements of the production sharing contract Mistry camp banks on Indian Hotels redux The Tatas are likely to question whether some independent directors of Indian Hotels Company Ltd (IHCL) acted in a "truly independent" manner and if all of them would come out clean on not receiving financial or pecuniary benefits from the Shapoorji Pallonji (SP) Group. Investors hope for a miracle amid uncertainty over OPEC deal Russian output hit another post-Soviet record of 11.2 million barrels a day last month. With new fields ramping up production and more due to start producing before year-end, that should climb further. Finance Ministry asks banks, LIC to keep watch on Tata group developments Life Insurance Corporation of India alone has an exposure of about Rs 37,500 crore to different Tata Group companies. FPIs pull out Rs 2,000 crore in just four trading sessions The net outflow by Foreign Portfolio Investors (FPIs) comes following a withdrawal of Rs 10,306 crore from the capital markets (debt and equity) in October. Parliamentary panel to probe security issues over debit card data breach Concerned over the biggest-ever breach of debit card data, a parliamentary panel will examine various security issues related to payments in the banking sector and has asked government officials and representatives of some banks to appear before it. Parliamentary panel to look into debit card data breach Representatives of State Bank of India, HDFC Bank, ICICI Bank and Yes Bank have been asked to brief the panel on "security-related issues concerning payments in the banking sector", according to a Lok Sabha secretariat notice. India is a favoured hub for upcoming start-ups Indian start-up landscape has been very vibrant in recent years with total venture inv Arun Jaitley bats for faster, efficient debt recovery Jaitley said that Indian private sector needs to expand in a big way. It needs to invest and thats when all engines of economy will start firing. More merger and acquisition in e-retail as funds dry up Consolidation in the online retail space is increasing with as many as 11 merger and acquisition (M&A) deals reported in the year so far, reports Anushree Bhattacharya in New Delhi. Data from Tracxn Technologies shows this was more than twice the number of M&A deals transacted in 2015. Global brands take centrestage in malls Displace Indian cos as anchor tenants by offering owners 30% more in rent Apple seeks incentives to set up manufacturing unit Apple Inc has asked for incentives related to the Department of Revenue and Department of Electronics and Information Technology (DeITY), an official told PTI. Amul starts selling food items under Amul Green The Gujarat Cooperative Milk Marketing Federation has set up a retail outlet and restaurant at Anand near Amul Diary The stage is set for the Amazon vs Alibaba battle in Southeast Asia While Amazon only makes money from its store, Alibaba has strength through diversity, reports Tech in Asia 'Narrow escape': Man says Reliance LYF phone exploded, tweets picture Reliance Lyf smartphone explodes, firm investigating BSNL approaches Telecom Department for 700 MHz spectrum The telecom PSU has suggested that a 5 MHz block in the 700 Mhz band be assigned to it by the government through the equity route. India to buy mobile devices unlocking technology from Israeli firm Cellebrite India could become a global hub for unlocking mobile devices. Apple seeks incentives to set up manufacturing unit Apple Inc has asked for incentives related to the Department of Revenue and Department of Electronics and Information Technology (DeITY), an official .. Government mandates 20 per cent local components in mobiles for export aid The order also mandates that only those companies will be eligible for the interest subsidy who are involved in complete manufacturing of products in the country over those who only assemble their products. 'Mobile phones now vital source of evidence in investigations' Rizwan Ahmed, who is the president of technology at QM Computech Pvt Ltd in Nagpur, has worked as ‘independent consultant and mobile forensic investigator’ for various private and government law enforcement agencies in India and abroad. Reliance Jio's Quest for Better and Smarter Smartphone Experience: 5 Promising Things to Know How Reliance Jio is planning to deliver better customer service and smartphone experience. Call drops: Parliamentary panel meeting with TRAI, DoT, Telcos on Nov 10 A Parliamentary panel has called telecom operators along with the DoT, TRAI to discuss call drops issue. Xiaomi Redmi 4, Redmi 4A launched: Price, specifications and features Xiaomi unveils its Redmi 4 and Redmi 4A budget smartphones in China, successors to its popular Redmi 3 lineup Warburg Pincus bets `500cr on logistics co Rivigo Gurgaon-based logistics technology startup Rivigo has scored a cheque of $75 million or Rs 500 crore led by private equity major Warburg Pincus at a time when there’s been a drastic cut back in growth stage funding this year. ITC's results in line with estimates, says Edelweiss ITC’s Q2FY17 revenue and PAT growth (adjusted for IND–AS) at 9.6% and 10.5% y-o-y, respectively, came in line with our estimates. Dabur India's revenue weakness persists, recovery pegged on hope Near-term demand challenges, higher competitive intensity, and potential volume dip call for caution on the stock. Tata or Mistry: Who will Nusli back? Mistry was family through the marriage and yet he wasnt a Tata; he had spent time on Tata Sons as an independent director, and yet had never worked for the Tatas. I cannot limit my India ambition: Rakesh Kapoor, global CEO of Reckitt Benckiser "India continues to have a long-term potential for growth. We are investing for growth in the long term and are not too worried about the short term." The peppy packaging of posh spices Navigating modern retail, particularly if you are a seller, can be challenging, to say the least Patanjali Ayurved to invest Rs 1300 crore in Assam Patanjali Ayurved, the FMCG venture promoted by Yoga guru Ramdev, will hire around 5,000 people at its upcoming Rs 1,300-crore facility in Assam by the end of this fiscal year. GST: IBA fumes over re-categorisation of aerated drinks under 'demerit' category IBA has expressed disappointment at the re-categorisation of aerated drinks under 'demerit' category in the GST rate slabs PepsiCo to go 'healthier' with 5 new product launches next year PepsiCo to go 'healthier' with 5 new product launches next year - The beverages and snacks major PepsiCo India is slated to launch the products by 2016-end or early next year. UP Cabinet greenlights Patanjali's Rs 2,000-cr investment Around 450 acres of land have been identified, which will be allocated to the Greater Noida plant. The land will be bought by PAL. Pakistan declares 'war' on Indian basmati Pak declares 'war' on rice fields along border; shelling may destroy crops worth Rs 125 crore - Shelling on Indian farmers and rice fields may destroy basmati rice worth Rs 125 cr Baba Ramdev wants to sell Patanjali products through 30 lakh shops, online by 2017 Patanjali will reach out to 30 lakh shops across the country by 2017 and will enter the e-commerce platform in a big way, said Baba Ramdev Varun Beverages shares to debut on Nov 8, IPO price at Rs 445/sh PepsiCo India's largest franchise bottling partner Varun Beverages is set to debut on the stock market on Tuesday, November 8. It has fixed issue price at Rs 445, the higher end of price band... 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