Dec 4, 2015 - Flipkart buys stake in MapmyIndia to improve delivery operations

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Sree Vijaykumar From the Editor's Desk In the movie 'Tamasha', Ranbir Kapoor's character struggles to cope with a mediocre corporate job and yearns to be something his heart and his girlfriend tell him to be - a storyteller. He creates his livelihood and achieves fame through a unique theatre musical format. He carves his own destiny. How many of you are stuck in boring corporate jobs? How many of you wish to break out and follow your dreams? Now's the time.. Give careful thought to what you want to do though and give it a 5 year window. Anything less and you haven't given yourself enough of a chance. Do something you enjoy, else you will give up in the trough of sorrow! I founded TradeBriefs 4 years ago and now we have a great team and it's something worth talking about. In its journey, TradeBriefs almost died, then got funded, then almost got acquired, then stuggled again and is now stable and growing well! - Comment Flipkart buys stake in MapmyIndia to improve delivery operations Both Flipkart and MapmyIndia didn’t disclose the financial details of the deal Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans Dena Bank gets board approval to dilute government stake Public sector lender Dena Bank has got board approval for dilution of government holding to up to 52 per cent and raise capital up to Rs 2,500 crore from various bonds. Startups rope in senior non-technology executives for functional roles Startups are willing to pay top dollars to rope in senior non-technology executives who can complement the big ticket technology hires. Climate finance on agenda: Don't shift responsibility on funds, India tells developed nations “The emphasis should be on the amount of money that is being raised and not on the number of countries in the donor list,” said Ajay Mathur, a key Indian negotiator. Kalaari Capital: E-commerce bulwark Kalaai’s bets in vertical e-commerce plays have raised large follow-on funding rounds over the last six months, even as some of their rivals succumbed to the 2012-2013 funding slowdown GDP data cements India's position as fastest growing major economy With 7.4 percent growth, India continues be the fastest growing large economy in the world in 2015. Reliance Infra shortlists 7 bidders for cement business Reliance says it had shortlisted seven potential buyers who had submitted preliminary expressions of interest to buy its cement business Yes Bank wins 'Bank of the Year' award in UK India's fifth largest private sector bank Yes Bank has bagged the prestigious 'Bank of the Year' award as it plans overseas expansion. Rules for P-notes may not be tightened further: Jayant Sinha Jayant Sinha says the existing regulatory framework for P-notes is pretty robust, hinting there won’t be any changes in the KYC requirements for these instruments We will get aggressive if errant companies don't cooperate: Bill Winters, Standard Chartered Standard Chartered Bank global CEO Bill Winters warned errant Indian companies that the bank would get ‘very aggressive if they did not cooperate with it. Ola, Didi Kuaidi, Lyft, GrabTaxi in global alliance to take on Uber Customers will be able to book rides on the apps of these four online taxi firms whenever they are travelling to India, China, the US, Singapore and Southeast Asia Iris-based authentication system for banking transactions is expected to minimise password-related frauds Aadhaar cards already have iris impressions of its applicants, which will be matched at the time of payment confirmation, when the mechanism becomes fully operational. Bharat Forge, Musashi said to consider bids for Amtek Auto’s German arm Amtek Auto is seeking a valuation of more than $800 million for its Amtek Tekfor Holding GmbH unit, say sources Govt may target temple gold hoard to rescue monetisation plan Govt persuading temples to deposit some of their gold hoards with banks to revive a plan to recycle tonnes of the precious metal and cut gold imports Cisco eyes more startup investments in India Dinesh Malkani, president Cisco India and South Asia, talks about Indian start-up companies, investment thesis and challenges from low-priced competitors India in talks with Mauritius on tax treaty issues: Finance Ministry official India is engaged in "positive talks" with Mauritius on revision of bilateral tax treaty as some issues still need to be sorted out, an official said today. Union Budget 2016 may give boost to cashless transactions Series of measures on credit card transactions to be spelled out in budget; finance ministry in talks with department, stakeholders Amazon Prime Is Gaining Steam, Posing an Even Bigger Threat to Walmart, Target Amazon's fast-growing Prime service is attracting a younger, wealthier clientele in a new threat to traditional retailers. Tata group companies firm up digital teams before launch of e-commerce venture Tata Unistore, the unit that will spearhead the groups hybrid online retailing venture, will have representation from the groups consumer companies. Lacoste adds Mumbai in 'bigger & better' strategy Lacoste has opened a new 70sq m boutique at Mumbai International Airport (Terminal 2), which features the latest ‘Premium Standard’ store concept in line with 51000 tonnes of seized pulses offloaded in retail market Pulses prices had crossed Rs 200 per kg in the retail market due to a fall in production by two million tonnes in 2014-15 crop year (July-June). Mahindra Retail ropes in Parvinder Singh to lead omni channel Mahindra Retail today announced appointment of Parvinder Singh as Chief Omni Channel Officer with effect from December 1, 2015. Kishore Biyani's Future Retail wants to sell insurance at its stores Selling insurance through its stores is a natural course for the Future Group, which holds majority stakes in two ventures -Future Generali India Life Insurance and Future Generali India Insurance Company. More differently-abled persons becoming part of mainstream workforce in retail In fact, more and more differently-abled persons are part of the mainstream workforce in retail, IT, IT-enabled and services industries. Chennai flood insurance claims estimated at Rs 500 cr Motor insurance would account for largest amount of claims followed by machinery and production loss claims War room to monitor call drops: Sunil Sood, Vodafone India Vodafone invests Rs 500 crore in 6 months on network in Delhi - Vodafone India today said it has invested Rs 500 crore in the last six months on network optimisation and putting Samsung leading Indian mobile phone market: Report Global consumer electronics giant Samsung has been fighting a pitched battle against Indian smartphone vendor Micromax over the past couple of years to est Call drops: Trai to test 'improvement' next month Trai had already issued regulations so that customers are compensated for up to three dropped calls per day at rupee one per call. More telecom firms extend help to Chennai flood victims Both prepaid and postpaid customers in the state will get free data upload as part of a special initiative, the telco said in a statement. Microsoft unveils PowerApps mobile-app creation service Software giant Microsoft has launched a new enterprise service which the company claims empowers employees to create the apps. Telenor India modernises 2500 sites across six circles Telecom network operator Telenor India today said it has modernized its 2,500 cell sites across six circles. Recently, the company announced its network deal with Chinese telecom equipment maker Huawei Technologies to swap its entire network of 24,000 base stations with the latest equipment by 2017. Huawei is replacing the existing network without disruptions in Chennai Floods: Telcos Offer Free Calls, Mobile Data to Subscribers Chennai rains: BSNL offers free call to any network for a week; private mobile operators offer free talk-time - Airtel, whose services have been impacted in certain areas due to power failures by the unprecedented rains and floods, said it will offer talk time credit upto Rs 30 for its prepaid mobile customers. Why is Phone Calling App Ringo Blocked by Telecom Operators in India? After innumerable delays, Ringo calling app was finally launched in India last week. But sadly, the app has already run into trouble in the country. Ringo has b Major rejig at Samsung India after slowest growth rate in a decade South Korean conglomerate Samsung expanded at the slowest pace in India in more than a decade in 2014-15, triggering restructuring, headcount reduction. Telecom leadership bats for women participation in the sector Telecom sector has created a new digital society of mobile internet, social media, e-commerce and entertainment and their vision on women empowerment, employment and entrepreneurship in the Indian telecom sector. Flipkart launches progressive childcare policy for employees Flipkart, the countrys biggest online market place, has launched a progressive childcare policy, mirroring a global trend aimed at making the worklife balance easier. Bitcoin assets attract HNIs, companies Zebpay mobile wallet helps users to easily buy, store, send and spend Bitcoin through mobile numbers Flipkart 2014-15 net loss widens as discounting hurts Online retailer Flipkart reported its net loss more than doubled for the year through March 2015, as it burnt cash heavily to acquire customers and offer discounts to edge out Snapdeal and Amazon in the highly competitive Indian e-tailing market. MagicTiger acquires on-demand delivery app Instano Round up of the major headlines that dominated the Startup sector, nationally and internationally. 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