Dec 8, 2015 - Nexus Venture Partners raises $450 million, first homegrown VC firm to cross $1 billion in assets

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Sree Vijaykumar From the Editor's Desk Amongst India's seemingly obstructionist statements and negative position at the recent Paris climate change summit, was lost Prime Minister Modi's laudable initiative 'International Solar Alliance'. Initially suggested by him at the India-Africa Summit last month, the initiative already has 100 countries interested, including 50 which will participate at the official launch. While the agenda is fairly nebulous at this point, the steering committee will deliberate every Wednesday on areas of co-operation, including training, building institutions and promoting common standards for solar energy use. Renewable energy is looking increasingly viable as an option for the common man, as costs drop and grid connectivity improves. Case in point is Uruguay, which has quietly transformed to the point where 95% of its energy needs are now provided by renewable sources. It has also smartly diversified between wind, solar and biomass, all using market mechanisms and good governance - Comment Nexus Venture Partners raises $450 million, first homegrown VC firm to cross $1 billion in assets The new corpus signals some hope for domestic startups at a time when it has become difficult for entrepreneurs to raise fresh funds. Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans Indian infotech services firms investing in Silicon Valley startups rather local ones Industry insiders say that India is far from producing world-class enterprise startups that are capable of producing disruptive ideas and solutions. Banks, financial firms game for India Post venture With India's postal department receiving the Reserve Bank's nod to set up non-lending payments banks in August 2015, the UK-based Barclays PLC BCS. PE funds, NBFCs join hands for big-ticket real estate deals Worst-ever slump in the sector has failed to deter PE funds, NBFCs from backing realty firms in need of finance Lenders increasingly turn to SDR for stressed assets ‘Significant’ haircuts to debt needed to restore viability, generate interest among buyers for assets, says report How EPFO could have made more money from the stock market If EPFO, which began investing in equities for the first time this year, had allocated money to actively managed funds, it may have got better returns India dismisses criticism over coal consumption Dismissing Western media's criticism over its coal consumption to meet energy needs, India today said that such reports will not deter the country from its stand at the crucial climate change conference here. Japan set to win India’s bullet train deal Japan will offer more than 1 trillion yen in loans to construct India’s Rs98,000 crore fast train, according to a report in Nikkei How you can make short term gains in tax-free bonds Though tax-free bonds are long duration products, there is no need for ‘short and medium term investors to shy away from them, for there are several trading opportunities here. GST rates: Will India be competitive? Standard tax rate of 17-18% suggested by the Arvind Subramanian panel under proposed GST is lowest when compared with suggestions by various panels Alkem Laboratories raises Rs 395 crore from Anchor Investors Alkem Laboratories, a leading pharmaceutical company has raised about Rs 395 crore from 25 anchor investors on Monday ahead of its Rs 1350 crore initial public offer. JP Morgan AMC manages to recover 85% of Amtek bond dues In August, the net asset values of JSTI and JTF sank sharply on the back of a downgrade in Amtek Auto’s own credit rating Federal Bank launches service to recharge mobile phone This service has also been introduced to help the flood-affected residents of Chennai, the bank said in a press release on Monday. Why a Google may never be founded in India If an Indian Google were to open shop in India, the bureaucratic procedures from getting the company name registered, to the tax regulations, every procedure will take weeks when compared to a few hours in developed markets. Asian Tour CEO steps down amid merger talks Asian Tour CEO Mike Kerr steps down amid merger talks - A statement released to AFP said: "The Asian Tour has announced that its CEO Mike Kerr has left the organisation after three-and-a-half years in the role." In India, corporate transparency comes with puzzling questions Indian regulators have launched an unprecedented drive to boost corporate transparency, bombarding firms with disclosure demands. Bulk of StanChart's India business unaffected by bad loans, says William Winters Group CEO of Standard Chartered William Winters and regional head Ajay Kanwal on how India is a key market, renewed focus on retail lending and bad loans affecting the banking system Ecommerce companies want government to keep aggregators out of GST Indias rapidly expanding ecommerce companies are lobbying the government to keep aggregators that run marketplaces out of the proposed GST net. 23 Flipkart Internet employees draw more than Rs 1 crore salary annually Flipkart Internets employee benefit expenses swelled threefold to Rs 476 crore, according to its filing with the Registrar of Companies. Paytm acquires services marketplace Near.in for $2M Paytm has acquired Gurgaon-based services marketplace Near.in for $2 million, reports the Times of India. Near.in co-founders Lomesh Dutta and Suni Goyal will DoT set to club 4G airwaves in 1800 MHz band for seven circles The Department of Telecommunications (DoT) will soon start consolidating airwaves in the 1800 MHz band in seven circles, including Delhi and Kolkata. Mobile operators struggle against online messaging There was a time not long ago when mobile phone operators began to realise that voice calling was a low-margin commodity and they needed a better way to make money. As short messaging service caught on, they were confident they'd found a more lucrative solution. Now SMS is under siege from internet-based chat applications, which are also threatening mobile operators' voice business. Asset sales help repair balance sheets after heavy investment on networks NEW DELHI (NewsRise) -- Indian telecom companies are stepping up asset sales as they seek to reduce debt after investing heavily to expand networks an Resolving call drop issue top priority: Ravi Shankar Prasad Stern steps against private telecom companies are on the cards as the government reasserted its intent to seriously address the menace of call drops in Rajya Sabha today...Read more at indiatvnews.com Gionee P5W announced with 4G, reportedly coming to India Considering its features, if launched in India, the Gionee P5W would be priced in the low end segment.. What to Expect When You Switch Cell Phone Carriers Everyone loves to complain about their cell phone carrier. Maybe they have terrible customer service, it costs too much, or they can't get 4G. But rarely do Sunder Pichai to launch Android One 2.0 during India visit? It is expected that a brand new Android One could be launched by Pichai during his India visit. Mobile app payments: Paytm to MobiKwik, the digital wallet is expanding As mobile app payments grow in India, with apps like Paytm, MobiKwik, PayUMoney, the digital wallet is expanding in a big way. Paytm, India's Largest Mobile Payments Platform, Acquires Local Services platform Near.in Paytm, which claims to be India’s leading mobile payment platform, has acquired local services startup Near.in for $2 million to strengthen its.. Telenor India bags award for 'Project Sampark' NEW DELHI: Telenor’s Sampark has been recognised externally for bridging the mobile gender gap. Telenor won the Aegis Graham Bell Awards 2015 fo... APUS Group to setup Rs 300 Cr fund for Indian mobile startups APUS Group, a Beijing-based company that makes utility apps for Android smartphones, has launched a $45 million investment fund to invest in Indian startups... Ecommerce players to help India's 2016 advertisement spend grow 13% Advertisement spend in India is set to grow 13% in 2016 with ecommerce players, telecom operators and mobile handset makers leading the way, forecasts.. Myntra to roll out offline experience zones in the next 12-18 months to provide customers with a touch-and-feel experience of products Mobile application only fashion retailer Myntra has tentative plans to roll out offline experience zones in the next 12-18 months, its chief executive Ananth Narayanan said. E-commerce companies Snapdeal, Urban Ladder, LimeRoad, Amazon share their learning experiences during festive sales Major ecommerce players go the extra mile to make sure that they can also meet the customers expectations without any hiccups. Myntra aims at $1-bn GMV next yr, to turn profitable; May look to replicate the parent's light web format which it re-introduces in November May look to replicate the parent's light web format which it re-introduced in November Men's bespoke clothing ecommerce firm Vitruvien aims to triple revenue through offline stores Mens bespoke clothing ecommerce firm Vitruvien aims to triple revenue through offline stores, according to its cofounder, Rajesh Goradia. 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. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India