Mar 8, 2017 - SunEdison to sell stakes in TerraForm yielcos to Canada's Brookfield

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Sree Vijaykumar From the Editor's Desk It's estimated that between 35 and 50 percent of jobs that exist today are at risk of being lost to automation. Repetitive, blue collar type jobs might be first, but even professionals - including paralegals, diagnosticians, and customer service representatives - will be at risk. This isn't just science fiction, it's happening now. Manufacturing is the first place we see robots and automation eliminating human jobs, but it's hard to think of an industry that will be left unaffected as robots and AI become more affordable and widespread. Rather than fight this advancement and wring our hands over the robots "stealing" our jobs, maybe it's time to envision a jobless future. Most people are in jobs they don't particularly enjoy, with lots of mundane and repetitive tasks. Is it not our obligation to pass those jobs to machines? Many jobs are not jobs humans should waste their time doing. The challenge is to rethink our economic model to ensure the people who will do something more interesting and enjoyable can afford to do so. 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). SunEdison to sell stakes in TerraForm yielcos to Canada’s Brookfield SunEdison’s stake sales in TerraForm Power and TerraForm Global to Canada’s Brookfield Asset Management is a major step forward in its bankruptcy reorganization 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. Global CEOs, economists lauded note ban, says PM Modi PM Modi cited examples of how different organisations around the world including the World Bank, IMF and others have appreciated the demonetisation move. The three Indian firms among the 50 most promising start-ups in the world Mint profiles Mihup Communications, Mad Street Den and Flyrobe (Omapal Technologies) which are among the 50 most promising start-ups in the world MagicBricks raises Rs30 crore from Times Internet MagicBricks will use the funds towards brand building initiatives, product development, seller development activities and curating information on the portal, CEO Sudhir Pai said 3 Paytm investors sell 4.3% stake to Alibaba Reliance Capital, Saama Capital, SAP Ventures have sold their stake in Paytm owner One97 Communications to Alibaba and Ant Financial Renewable energy firm Bhoruka Power in talks to raise $120 million Bhoruka Power MD S. Chandrasekhar will use the funds to increase renewable energy capacity to 1GW by 2020 D-Mart supermarket chain raises Rs 561 crore Avenue Supermarts sold 1.8 crore shares at Rs. 299 per share, the upper-end of the Rs. 295-299 price band. NSE shareholders approve Limaye's appointment as MD and CEO Limaye, who is currently serving as chief of IDFC, was selected by the board of National Stock Exchange (NSE) in February. Canadian pension fund CPDQ looks to buy stake in Kotak Mahindra Bank Uday Kotak is in discussions about the potential sale of more than 3% stake in Kotak Mahindra to the Canadian pension fund Prefer select private lenders in banking sector: HSBC The foreign bank counts HDFC Bank and YES Bank among its top picks. The firm has a buy rating on both HDFC Bank and YES Bank with a target price of Rs 1,628 and Rs 1,640 respectively. ESAF Microfinance gets banking license; issues commercial paper worth Rs 330 crore The bank will give loans for farming, small businesses, housing and education. It will also have a spectrum of deposit options for all customers including non-resident Indians. OECD sees lots of risks in the global economic outlook The OECD expects global expansion to reach 3.3% this year, up from 3% in 2016, and pick up again in 2018 Why women can't be financially independent without taking risks Women make great investors and hence they should changed their mindset when it comes to investing Small finance bank licensee Disha's parent raises Rs500 crore At least three private equity firms have invested in Fincare Business Services Pvt. Ltd as its flagship business Disha Microfin Pvt. Ltd looks to start small finance banking operations in the first half of this year, two persons close to the development told VCCircle.   No need for minimum balance in Jan Dhan accounts: Arundhati Bhattacharya In July 2012, SBI had waived the minimum balance requirement on bank accounts to expand customer base. Agri-tech start-up AgroStar raises $10 million from Accel India, others Agri-tech start-up AgroStar plans to use the funds raised from Accel India, IDG Ventures and Aavishkaar for team expansion and product development Considering options regarding sale of Hometown: Future Retail Future Retail launched 'HomeTown' in April 2007 with its first store at Noida. HomeTown retails home decor products including furniture. Da Milano launches first global store in Dubai Spread across an area of 2500 sq. ft. at the Ibn Battuta mall, the store will retail both Da Milano and Rosso Brunello (a subsidiary brand from Da Mil.. Digitization and Big Data Analytics Retailers are now more open towards adopting digital payment services and solution services like never before. To Boost Offline Sales Xiaomi To Expand India Retail Network Xiaomi India reached three major milestones in 2016 -- it crossed $1 billion in annual revenue for the first time, secured a spot among the top three smartphone players in the country and, in October, sold a record 1.35 million smartphones. D-Mart IPO: Five things to know about the super market retail chain Business Today Supermarket retail chain D-Mart's initial public offer (IPO) opens tomorrow. The Rs 1870-crore IPO will close on March 10.sp; Sanjeev Rao envisions 100 new Raymond stores, expansion in Dubai With a quarter of a century in the industry behind him, Sanjeev Rao believes he is particularly well placed to exemplify best practices in the cardinal rule of smart retailing: Location, location and Reliance Jio offer not to blame, fall in government revenues from telecom due to DoT ignoring reforms: Trai to tell ... Sources said the Trai is likely to firm up its reply in response to the Telecom Commission’s letter to it recently, which blamed the former for not handling Jio’s promotional offer in a proper manner which led to a decline in government’s revenues during Q2 and Q3 of the current fiscal. RJio tie-up adds another growth engine to D-Link D-Link is also going to reap the benefit of digital wave in the country BSNL, MTNL merger plan back on the discussion table Telecom dept recently discussed the possibility of a BSNL-MTNL merger as the firms are under financial stress due to increasing competition in telecom sector Hotstar, Zapr announces strategic partnership; to drive mobile audience analytics in India India`s leading OTT platforms Hotstar and Zapr Media Labs, a Bangalore based media tech company, today announced a strategic partnership to drive the next wave of mobile audience analytics in India.   VoIP app Nanu shuts India operations, citing delays in TRAI ruling Telecom regulator Trai plans to unshackle Wi-Fi deployment across the country by allowing individuals, communities, small-time entrepreneurs and content and application providers to offer affordable and high-speed internet to the public. India's telecom regulator wants to provide wi-fi hotspots, internet at 2 paise to public. This is what it is planning For India to reach a goal of one hotspot for every 150 people (current global average), 8 lakh additional hotspots will have to be installed Jio gets its speed back, was fastest 4G in February: TRAI As per data collected by TRAI’s My Speed app, Jio led the market in 4G download speeds. Netflix to set up Mumbai office; India among top 3 mobile markets Netflix launched its service globally in January 2016, including in India. Re 1 candy Pulse hits Rs 300 cr sales in 2 years, MNCs feel the heat The Re 1 candy clocked Rs 300 crore in sales, beating MNC blue chip brands such as Oreo (Rs 283 cr in sales, launched in 2011) and Mars bars (Rs 270 cr). Parle adds fizz to Frooti, signs up Alia Bhatt to endorse new drink Parle Agro said the new product is part of a wider strategy to double its revenue to Rs 5,000 crore by 2018, especially from its flagship brand Frooti. Pepsi eyes a slice of the breakfast market with ready-to-cook range PepsiCo India launches ready-to-cook idli, dosa, upma and khichdi as part of global shift in focus Dabur seeks to provide healthier workplace for women This International Women’s Day, the world’s largest Ayurvedic healthcare company Dabur India Ltd has taken up the cause of health and safety for its women employees. Gujarat fertiliser major aims big with 'Neem Revolution' Enters FMCG segment, offers extra income to rural women Duty free supermarket expands at Mumbai T2 Mumbai Duty Free's T2 Arrivals space is expanding its convenience-based supermarket offering. DFS India Private Ltd. has told TRBusiness it is increasing the space and product assortment in its duty free supermarket located at Mumbai Chhatrapati Shivaji International Airport’s (CSIA) Terminal 2 Arrivals. Manishi Sanwal, Managing Director of DFS India, which operates under the trading name Mumbai Duty Free, confirmed local reports of the expansion that includes a plan to capture spends from Middle East-returning Indian passengers seeking low-priced convenience and beauty products. The duty free supermarket area was originally implemented with a basic fixture offering in November, before being expanded to offer a complete section featuring dedicated wall bays and an increased product assortment. Passengers can expect to find products spanning health and wellbeing supplements, milk powders and premium Bateel dates to mass consumption items including soaps, shampoos and hand wash with DFS Consumer durables and FMCG report 8% rise in talent demand ... The Construction sector posted a 6% rise in demand while the Manufacturing industry reported a 4% rise in talent demand during the month. Government to soon sanction 100 more cold chains: Harsimrat Kaur Badal "Our processing levels are very low. The government has created an environment to encourage food processing.We are going to sanction 100 more cold chains." From a mother at 16 to the face of Indian beauty cosmetics, Shahnaz Husain's tale is inspiring Husain started her herbal salon in 1971 at home after borrowing Rs 35,000 from her father. Higher price or lesser quantities: What will FMCG companies do to beat inflation this summer? Nearly 15 years ago a pack of Lay's would get you 50 grams potato chips in it. With rising prices and other factors, PepsiCo kept the price of the pack constant at Rs 10 but the quantity of potato chips in it fell. Today, a Rs 10 pack of Lay's has 35 grams of potato chips in it.  FMCG companies in India are currently in a similar dilemma.  Prices of essential commodities like wheat, flour, sugar, milk and palm oil are rising, the question is whether there is going to be a price hike or quantity reduction.  Flipkart's Hedge Fund Boss Is Looking for $1.5 Billion Flipkart, the home-grown e-commerce major, is in the final stages of raising its latest round of funding in the range of $800 million to $1 billion from both existing and new set of investors but this is likely to come at a lower valuation of $7-8 billion. At $5 bn, Paytm close to Flipkart in value Alibaba buys back less than 1% stake held by Reliance Cap in the e-commerce company for $41 million Flipkart's Bansals out of billionaire club Divyank Turakhia is the youngest billionaire on the Hurun Rich List, with wealth of $1.2 billion Global performance brand Under Armour makes India entry with Amazon Fashion Under Armour signature products on Amazon Fashion include premium apparel technology, such as Threadborne and Charged Cotton, designed to keep athlete.. 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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