Jan 10, 2017 - InstaOffice raises funds from investors led by Globevestor

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Sree Vijaykumar From the Editor's Desk Meet Charles Feeney, the James Bond of philanthropy. Last month, with a $7 million grant to Cornell university, he officially emptied his pockets and met his aspiration of 'giving while living'. Altogether, he has contributed $8 billion to his philanthropies, which support higher education, public health, human rights and scientific research. His remaining personal net worth is slightly more than $2 million. That's not quite broke, by any standard, but it is a modest amount for a man who controlled thousands of times as much wealth. He and his wife, Helga, now live in a rented apartment in San Francisco. Full story here Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free Ingram Micro Cloud: Streamline your creative process and secure your digital assets with Dropbox Business   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). InstaOffice raises funds from investors led by Globevestor This is the first external funding raised by Gurgaon-based InstaOffice, which offers managed office space on a sharing basis 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. The Real Deal with Email and What TradeBriefs does right So, here I will bet on India out of all countries in the world: John Chambers, Cisco It will take some give and take between the groups in terms of working through the issues, but US and India continue to be in a great partnership: Chambers. From 'Modified' India, lessons for America's builder-in-chief Donald Trump If you look at public infrastructure spending as a quick and easy way to boost growth and jobs, then you’re asking for trouble SBI waives card transaction fees for small businesses SBI also said its latest move will help small merchants overcome apprehensions about joining the digital economy by installation of PoS terminals in their shops. Stake sale plan, growth hopes keep BEML on investor radar In a recent meet with analysts, the BEML management, however, sounded upbeat on all the business segments for the next fiscal year. RBI identity, autonomy dented by demonetisation, suggests YV Reddy "The Reserve Bank of India is the monetary authority, yes, but it is a full-service central bank and it was in charge of many other things," said YV Reddy. Why is India’s steel consumption rising? If both dealers and companies have stocked up on inventory and demand is not robust, things may get tougher Why Flipkart has turned to Kalyan Krishnamurthy New CEO Kalyan Krishnamurthy’s main objective will be to make the budding Flipkart turnaround last Sebi puts onus of corrective action on NSE Market regulator Sebi may also prescribe measures to tackle the governance lapses at NSE State banks on Swedish model for cashless transaction With chief minister Devendra Fadnavis insisting that Maharashtra must emerge as a leading state in cashless transaction, the state officials are studying various models, including the Sweden model of cashless economy. Tata Sons wants NCLT to cancel case filed by Cyrus Mistry’s family firms Tata Sons in an affidavit told NCLT that Cyrus Mistry’s family firms hold only 2.17% of total issued share capital if preference capital is taken into account Piramal consolidates its financial services business under Piramal Finance Piramal Finance,the group’s NBFC, will now house most of the financial services business of the group To avoid wrongdoings, banks conducting sting on erring employees Private sector banks, including multinationals, are seeking to prevent wrongdoing by employees and keeping them under scrutiny after multiple reports of alleged fraud by employees following the November 8 demonetisation. State govt opposes SBI-SBT merger The Assembly has passed an unanimous resolution in protest against the acquisition, and asked the Centre and SBI to withdraw the decision. World Bank yet to release fund for Swachh Bharat The programme is different from past initiatives on sanitation as it revolves around behavioural change and not on construction of toilets. Kae Capital plans to invest in up to eight start-ups in 2017 Kae Capital’s founder MD Sasha Mirchandani says the firm aims to invest in up to 25 start-ups during the entire lifecycle of its second $30 million fund E-security start-up Securens gets funding from Mayfield, Trifecta Electronic surveillance firm E-Security plans to tap a new set of clients with the latest $5 million fundraising Bain Capital joins KKR, TPG in race for Fortis Healthcare stake Bain Capital, TPG in talks for a 26% share in Fortis Healthcare, KKR looking for a controlling stake Logistics firm Stellar Value Chain buys majority stake in Kelvin Cold Chain Stellar Value Chain Solutions Pvt Ltd, a third-party logistics company floated last year by former chief of Kishore Biyani-led Future Supply Chains Solutions Ltd, on Monday said it has acquired a majority stake in cold chain firm Kelvin Cold Chain. Stellar, however, did not disclose the financial details of the transaction.  The acquisition will help Stellar Value Chain enter the cold chain space, and build its position as an end-to-end value-chain transformation company, it said in a statement.  Axis Bank becomes third lender to offer block chain service Axis Bank's larger peer ICICI Bank was the first to announce block chain solutions in for international trade finance and remittances last October. Card payment at petrol pumps: What’s the fuss about? Here is a look at what the issue is about and what it costs you to use a card at a petrol pump Maharashtra FDA prohibits McDonald's India from sale of beverages in state According to the Act, a warning label saying “contains caffeine” is compulsory when sweetened carbonated drinks is sold. Flipkart slashes Myntra budget to compete with Amazon Flipkart is pinning hopes for funding on Walmart Stores, which is said to be in talks to invest up to $1billion for a minority stake in the company. Online retail consumers to cross 100 million by 2017: ASSOCHAM-Resurgent India study According to the joint study, Bangalore saw the highest preference for online shopping in 2016, followed by Mumbai and Delhi. How fashion retail giant American Apparel went bankrupt Even as e-commerce behemoth Amazon.com and teen apparel store chain Forever 21 vye to acquire bankrupt and ailing fashion retailer, American Apparel LLC, Indiaretailing Bureau brings you the rise a PepsiCo India sales head Pota resigns A PepsiCo India spokesperson confirmed the development and said Harsh Rai, CEO & MD of NourishCo Beverages (a Tata PepsiCo JV), will take over the rei.. Retail growth, increase in revenue make Arvind Ltd good long term bet Since 50% of its revenue come from the domestic market, expect pressure in both December and March quarter numbers due to the demonetisation impact. Budget 2017: Telecom industry waiting for Narendra Modi government to dial the right tax code India’s growth story has been nothing short of inspiring over the last few years. Positive policy reforms and growth-oriented initiatives have put the economy on an upward trajectory. TCS call centre in city to hire 1k: Minister PATNA: Union IT and law minister Ravi Shankar Prasad on Monday said Patna College would get Rs5 crore from the UGC's Heritage Fund to develop itself as a 'model college'. Mumbai is first WiFi city in India, gets 500 hotspots The service will be free until the end of this month Reliance Jio most searched keyword by mobile users in 2016: Study Cricketer Virat Kohli related content on mobile attracted 108 million page views while Salman Khan was most viewed bollywood celebrity with 56 million views by Hindi content viewers and 8 million views by English content watcher. Reliance Jio effect: Vodafone India seeking a merger The brand is looking for a merger with the top telecom players in the Indian market. Home InDepth Telecom operator revenue to dip by $104 bn due to OTT in 2017 Consumer migration from operator voice and text services to OTT (Over the Top) messaging services and social media will cost network operators nearly $104 billion this year, equivalent to 12 percent of their service revenues. ALSO READ: Mobile Operator Business Models: Challenges, Opportunities & Strategies 2017-2021 Analysing the scale of operator traffic decline together with … Logistics firm Stellar Value Chain buys majority stake in Kelvin Cold Chain Stellar Value Chain will make more acquisitions in the third party logistics sector in India, says CEO Anshuman Singh India's beer industry holds long-term growth potential: Report While spirits will continue to dominate India's alcoholic drinks market, we expect to see strong growth in beer consumption over our forecast period. Display caffeine content info on containers: FDA to McDonald's State Food Safety Commissioner, said, "It is very essential for the consumer to know whether a particular food product contains caffeine or not. Mondelez to pay $13 million to settle India FCPA violation charges US snack-maker reaches agreement with SEC to pay civil penalty without admitting or denying charges. Will Lever Ayush Makeover Help HUL Make Inroads In Southern Ayurvedic Market? HUL gets aggressive to make a mark in the ayurvedic space After Delhi, Gurugram, Meatigo enters Mumbai Online fresh meat and seafood provider, Meatigo, has expanded its operations in Mumbai after getting an encouraging response from meat lovers in Delhi and Gurugram after introducing the brand in June 2016. The meat lovers can order fresh meat and seafood online on Meatigo’s website- www.meatigo.com. It offers great variety for all non-veg lovers, right from Relish the original taste of native flavours Many varieties of fruits, vegetable and cereals in India have region or state specific origins. For instance the delicious Banganapalli mango is named after the town in Kurnool district where it is grown. Number of online shoppers may cross 100 million by end of 2017 Mobile commerce is likely to jump to 45-50% in 2017 against the current 30-35% of ecommerce sales. 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