Dec 14, 2015 - Google Cap in talks to back CarDekho

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Sree Vijaykumar From the Editor's Desk Retailers are advised to take note of this article by Shuchi Bansal on Indian consumption habits. The conclusion is that consumers are spending up to 50% more on holidays (Sundays, public holidays and even long weekends) than on an average weekday. This is also higher than Diwali spending. Marketers will be better off using their budgets on holidays, than on the disproportionate amount that gets spent for Diwali/the festive season. The data is from Pine Labs, which processes 20 million transactions a month (1 in 10 transactions conducted at any retail point in India). What would also be interesting is the break-up of transactions between various categories like apparel, F&B, etc. - Comment Google Cap in talks to back CarDekho Auto classifieds major CarDekho is close to receiving a fresh round of funds led by growth-stage investor Google Capital, which has so far taken selective bets on Indian startups, people familiar with the matter told TOI. Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans Indian Angel Network joins Inventus Capital Partners to invest in two US-based startups Both startups, however, are US-based ventures, catering to the US markets, a departure from IANs strategy of backing ventures. Bill Gates: 2016 will be the year of financial inclusion Microsoft founder Bill Gates on financial inclusion in India, Aadhaar, sanitation and philanthropy in general IRFC bonds catch fancy of film stars like Aamir Khan and Akshay Kumar Tax-free bonds sold by IRFC have caught the fancy of Bollywood, with a string of big names opting for the dreary-sounding investment option. India seeks $50-bn currency swap deal with Japan Japan will set up a new financial facility worth 1.5 trillion yen ($12 billion) under the "Make in India" initiative to promote direct investment of Japanese companies and trade from Japan to India, it was announced on Saturday. Foreign investors want govt to defer Coal India stake sale Opposing an immediate stake sale in Coal India Ltd, foreign investors have told the Finance Ministry that further disinvestment in the coal miner should be put off as the current market valuation is low. Will digitization improve NPS exit process? The current process to leave the National Pension System and choose an annuity is long-winded Citibank offers loans at 9.25% to staff in flood-hit Chennai While the amounts and tenures of personal loans will be subject to eligibility, the processing fee and pre-closure charges will be waived. KKR eyes Rs 2,000 crore via second India fund; to target ultra HNIs, financial institutions KKR is set to launch its second alternative investment fund this week aimed at raising as much as Rs 2,000 crore from investors within the country. Asset sales may cut 40% of Reliance Group debt Stake sales in financial services arm, plans to sell telecom towers, cement, road assets may net `50,000 crore Industry veterans Atul Hegde, Sudhir Menon launch $50 million fund The industrialist and the digital marketer have launched the early-stage start-up fund, Rainmaker Ventures, which will look to invest the initial corpus essentially in technology start-ups India's annual industrial output growth hits 5-year high of 9.8% India's annual industrial output grew 9.8 per cent in October, its fastest pace in five years, government data showed on Friday. Dow, DuPont merger to create three entities in India Dow Chemical and Du-Pont, two historic giants of US industry, will join in an all-stock merger of equals that’s the first step in a plan to create three new businesses. The pact will lead to $3 billion in cost savings, the companies said. Cairn India to roll out largest enhanced oil recovery plan As part of the plan, Cairn India will complete 100 exploration and appraisal wells and 350 development wells in 2016 IOC to invest Rs1.75 trillion in expansion projects IOC will invest in expanding refinery capacity, building petrochemical plants and laying pipelines Tata Group keen to reduce dependence on few companies for profits; 20:80 rule to continue for now The standalone profits of Tata Sons trebled to Rs 9,062 crore in FY15, while consolidated profits grew 5 per cent to Rs 19,180 crore. Next big thing in India's e-commerce: Online marketplace for exports based on Alibaba model likely The portal, which is being developed on the lines of Alibaba.com, will serve as a one-stop shop for exporters in other countries to buy every product. Now, hyperlocal delivery only a text away Bengaluru-based free chat app Lookup lets users connect with local businesses through texts Taking e-commerce to another level: Meet a clutch of affluent Indians who are buying diamonds online It is crucial for online jewellery players to have control over designing own products & have deep pockets since digital marketing has become very expensive. An Indian luxury kidswear brand wants to take on the likes of Burberry Kids When in college, Ankur Mittal, Neha Sachar Mittal and Karina Rajpal had spent many hours discussing startup ideas. However, life after college took the thr Flipkart, Amazon Burn Piles of Cash in E-Commerce War Indian e-commerce companies are spending huge sums to lure customers to their sites and gain market share. But as online sales increase, investors and executives find it hard to justify the cash burn. Voice call apps face fresh hurdles App-based voice calls continue to walk a regulatory tightrope - the latest in the line of fire being Ringo, which suspended its 19-paise-per-minute service alleging non-cooperation on the part of existing telecom players. Discovery to consider OTT launch after pan-India 4G rollout OTT is the delivery of film and TV content through the Internet, without requiring users to subscribe to a traditional cable or satellite. Micromax to invest Rs 300 cr for 'Make in India' Micromax co-founder Rajesh Agarwal said the Indian smartphone maker will be making an investment of Rs 300 crore to set up three new manufacturing units in Rajasthan, Telangana and Andhra Pradesh. The strategy of Micromax is to enhance domestic production and reduce dependence on imports from China, PTI reported. The new smartphone manufacturing plants will be operational Samsung celebrates 20 years in India with lucrative discounts The promotions will run for 20 days between December 11 and December 30. The company is offering discounts and promotions on a wide range of products.. India telcos prepare for survival of the fittest Shares of incumbent operators have fallen close to 30 per cent over the past five months on concerns over launch of Reliance Jio's 4G operations. India does not need Net Neutrality. We tell you why With only a small portion of the population connected, are we absolutely sure we want to take a hardline approach on this issue? Mobile payment systems: All you need to know Which ones should you use and how safe are they? Here's a look at mobile payment systems and how they work. Flipkart, Paytm lead online retail apps ranking in India, 6 of top 10 apps are mobile first Flipkart, Paytm lead online retail apps ranking in India, 6 of top 10 apps are 'mobile first' - With the rise in Internet and smartphone penetration in India, the top 10 retail apps in the country... Google's Project Loon flies rough weather in India Google's Project Loon uses big balloons floating at a height of 20 kilometers above earth surface to transmit Internet services. Google Alphabet India reports 35% increase in yearly revenue; posts Rs 4,108 crore of revenue in the year to March 2015 Google India posted Rs 4,108 crore of revenue in the year to March 2015, compared with Rs 3,050 crore in fiscal year 2013-14, it said in its annual return. Flipkart co-founders invest an undisclosed amount in realty portal Housing.com's former CEO Rahul Yadav's new startup Intelligent Interfaces According to media reports, Yadav expects the first contract for his new company from a government department in the next two weeks, , flipkart, paytm, housing.com, rahul yadav, sachin bansal, startup Flipkart, PayTM Most Downloaded Retail Apps In India, Amazon And Snapdeal Follow Flipkart and PayTM kick Amazon down in the list for the top 10 most popular retail apps in India. With flood situation in Chennai improves, e-commerce major Flipkart resumes delivery operations With flood situation in the city having improved, e-commerce major Flipkart said it has resumed delivery operations. Apple slashes prices in Indian market for increasing sales : iPhone -5s price reduced to almost half in 3 months This makes price of iPhone 5s one of the lowest globally, making India among markets where Apple products cost the most, retailers and analysts said. Infosys plans to invest in Silicon Valley fund to track innovative startups Infosys is taking yet another major step to engage with innovative startups. Google India posts 35% increase in yearly revenue at Rs 4,108 crore Google India posted Rs 4,108 crore of revenue in the year to March 2015, compared with Rs 3,050 crore in fiscal year 2013-14, it said in its annual return. Micromax to invest Rs 300 cr for 'Make in India' : Will set up 3 new manufacturing units Micromax will invest Rs 300 crore over the next few months as it sets up three new manufacturing units in India to ramp up domestic production. ‘Internet economy’ is 6 percent of US GDP, says study The Internet's economic impact has doubled since 2007 and now fuels at least six percent of the overall US economy, a study showed Thursday. Are Intelligence agencies using terrorism as a lever to weaken online privacy? Global intelligence agencies are using terrorism as a lever to weaken privacy-protecting technologies, say those advocating digital freedom. Uber gets backing with US state passing law on considering Uber drivers as contractors State legislators in Ohio and Florida are moving ahead with regulations governing Uber and other ride services that would designate all drivers as independent contractors, bolstering a critical but much-disputed aspect of Uber's business model. OpenAI gets support with $1 billion from Tesla Motors' Elon Musk, Infosys and others Infosys, Amazon Web Services and YC Research among others announced committing $1 billion for OpenAI to advance digital intelligence for humanity's benefit. 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