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Author Archives: Loknath Das

Young investors get into property a brick at a time

Young Australians, many put off by the rising cost of property, make-up around 50% of the customers for fintech startup BRICKX. The survey of over 1,000 of the company’s 3,120 members found that half are aged under 35 and of that group, 74% have never owned property before investing in BRICKX. The company buys Australian residential properties and separates each into ... Read More »

French presidential poll a bellwether for Europe

France voted on Sunday in the first round of a bitterly fought presidential election that is crucial to the future of Europe and a closely-watched test of voters’ anger with the political establishment. Over 50,000 police backed by elite units of the French security services patrolled the streets less than three days after a suspected Islamist gunman shot dead a ... Read More »

Maharashtra announces new real estate norms, first regulator from May 1

India will soon be getting its first real estate regulator and developers will have to toe the line or face severe penalties. The Maharashtra government on Thursday announced the rules for its regulator, ahead of the various state regulators coming into effect. Maharashtra’s real estate regulator will come into force on May 1.  The rules are as follows: The state ... Read More »

Mobile subscriber base reaches 895.25 mn in March

New Delhi: The mobile subscriber base of seven telecom operators, including Bharti Airtel and Vodafone, increased by 5.68 million in March to reach 895.25 million, according to industry data. The numbers include those of the latest entrant, Reliance Jio Infocomm as of December 2016. Excluding the data of the Mukesh Ambani-led firm, the total subscriber base at the end of ... Read More »

Juicero CEO Says Luxury Juicer Is Much More Than Juice Internet Is Unimpressed

Sometimes, it’s the Internet of stings. Juicero, a startup that sells a pricey juice press, found that out firsthand. The company’s Wi-Fi-enabled machine produces cold-pressed juice out of packets sold exclusively to owners via subscription. Received as both Silicon Valley cautionary tale and commentary on conspicuous consumption, Juicero’s story was chronicled this week in a Bloomberg News piece. The article ... Read More »

Trash talk: Why you shouldn’t throw your gadgets in the garbage

Black smoke rises from a pile of burning metal wire, releasing a strong, sharp and chemical smell that makes one’s eyes water. former landfill in Manila that officially closed down two decades ago. But the looming mountain of trash has remained an attractive source of livelihood among scavengers who sell the scrap metal exposed by the slow-burning fire for almost ... Read More »

Alt finance takes the unicorn lead

BI Intelligence This story was delivered to BI Intelligence “Fintech Briefing” subscribers. To learn more and subscribe, please click here. Billion-dollar valuations are broadly considered to be an important marker of a young company’s viability, and a key indicator of potential future returns for investors. However, in many geographies, VC investment in fintech has been slowing recently, and such valuations ... Read More »

Seceding From Public Education

A letter to the editor I wrote recently on the virtues of school choice prompted some surprising feedback. My simple question—“When parents choose to patronize a school that better serves their child, why should we keep funneling billions of dollars to prop up a failing system that is serving no one well?”—elicited a lot more responses than I initially expected ... Read More »

Impact of GST on Real Estate

The impact of GST on real estate will depend upon the abatement allowed on agreement value, says CRISIL survey. From the point of view of consumers, the impact of GST on the real estate sector will hinge on its effective implementation rate. In the residential segment, completed properties do not attract service tax and so will have no impact of ... Read More »

Facebook team working on brain-powered technology

Facebook says it is working on technology to allow us to control computers directly with our brains. It is developing “silent speech” software to allow people to type at a rate of 100 words per minute, it says. The project, in its early stages, will require new technology to detect brainwaves without needing invasive surgery. “We are not talking about ... Read More »