Sep 29, 2016 - Naspers scores with its operational model in India

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Sree Vijaykumar From the Editor's Desk 55% of product searches online in the US start on Amazon. Only 28% of searches start on Google. This is a startling fact, considering the dominance of Google as a search engine. So, consumers are so comfortable with Amazon, they trust most products will not only be available on Amazon, but also reasonably priced and delivered as quickly as possible, with information such as reviews and product descriptions to help with the purchase decision. For these customers, there is no need to compare with other sites. While many argue that Indians are very price sensitive and don't mind spending time comparing, it is possible that one or two ecommerce retailers develop similar brand loyalty in the Indian market as well. Advertisers of the day Transjovan Capital (Board Advisory): : Where will your Company be in the next 5 years? BPGDM 2016: The Best of Global Digital Marketing Conference - 18th Oct @ Hilton Mumbai (Exclusive offer for TradeBriefs subscribers)   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). Naspers scores with its operational model in India Flipkart has raised $2.4 billion in five rounds in which Naspers participated 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. Apply now   The Real Deal with Email and What TradeBriefs does right So, here’s the real deal with email. Yes, we all get too much email, but for those of us who check it, we do so over 15 times a day.   Did Sebi just ask NSE to investigate itself? The commissioning of a third-party audit is hardly a great advertisement at a time when NSE prepares for its IPO We are a leaner, more efficient company today: Sanjiv Goenka Chairman of the RP-Sanjiv Goenka group, Sanjiv Goenka, on the cultural transformation of his enterprise led by the shift in focus from revenue to efficiency How much premium is a buyer of Indian firms willing to pay to gain control? Controlling interests are usually more valuable than minority shares, because they often contain a bundle of rights that minority shareholders do not enjoy Are Indian banks overvalued? Most bank shares have risen sharply despite unflattering results in the first quarter; some have galloped more than 15% since June despite disastrous results Government expects improvement in India's ease of doing business ranking Moodys last week maintained status quo on India's rating despite the government's pitching for an upgrade listing a string of reforms it has undertaken. State-owned energy firms go for joint procurement to save costs A task force comprising directors of all state-owned energy firms have tied up with six airlines including Air India to avail of discounts that will save as much as 10% of their annual air travel spending Aditya Birla Group to employ 12,000 entry level staff in three years The percentage of women in the employee base has now gone up to 30%, says chairman Kumar Mangalam Birla Enterprise start-up Druva raises $51 million from Sequoia, others Data protection firm Druva will use the fund to improve capabilities, innovation and adoption of the product, besides marketing and global expansion NSE extends concessional transaction fee in equity derivatives In equity options, the bourse had given a flat concession of 40 per cent on the transaction charges levied on the incremental billable volume, or premium value, above Rs 1,500 crore in a month for three months ending September 30. ING Group NV to sell stake in Kotak Mahindra Bank via block deal A term sheet released on Wednesday said that the bank could sell up to 2.54% of shares out of the total 6.42% stake it holds in Kotak in a block trade. Here's how banks fight over a loan defaulter While IDFC Bank has moved courts to recover its Rs 200 crore dues, the state-owned lenders are pitching for a loan restructuring formula for Ruchi Soya. ICICI Bank to invest in Fintech startups soon Banking major ICICI Bank will soon invest in fintech startups by picking up eq 75%: the portion of your pension fund you will be able to invest in equity You can choose your asset allocation across these three funds, but you can’t put more than 50% in the equity fund Sebi introduces options contracts in commodity trading Sebi announced the formation of an advisory panel for regulation of the new instrument. The FM had announced the plan to introduce options in Budget 2016-17. Shareholders approve $103 billion SABMiller takeover by AB InBev AB InBev will dominate the combined entity, which will account for 1 of every 3 beers sold worldwide What’s driving the rally in IDFC Bank shares? Shares of IDFC Bank have gained nearly 70% in the last eight weeks on the back of better growth prospects and the possibility of a merger with parent IDFC Hilleman Lab scouts for partners to launch rotavirus vaccine in India A heat-stable rotavirus vaccine will eliminate the need for cold-storage facilities, driving down costs and also partially removing logistical inefficiencies India should thank its CMs more than Modi for 7% plus growth The efforts could still prove a boon to Modi, by improving the nations overall economic record as he races to create jobs before a re-election contest due in 2019. RBS will pay $1.1 billion in settlement over mortgage securities RBS says the settlement cost is ‘substantially’ covered by provisions it’s made, and it won’t have a material impact on the bank’s capital Mandhana to spin off retail biz, seek PE funds in new firm Mandhana entered the retail business with a licensing deal for the Being Human brand with the Salman Khan Foundation. Reebok plans 10 more Fit-Hub stores Reebok India, launched its latest flagship FitHub store in Sector 17, Chandigarh. The launch witnessed brand ambassador Kangana Ranaut. More women are coming into mainstream: Kishore Biyani “As a company ourselves, we employ more than 45,000 people and 30% plus of our workforce are women. Our intension is to hire around 50%.” Retail outlets, online shopping sites, banks bring back zero-cost EMIs The RBI barred banks from offering “zero percent EMI schemes” on credit cards in 2013, saying the interest payable was camouflaged and passed on to consumers. Ericsson in talks with Indian telecom carriers on video optimisation technology According to Ericsson, Indian carriers are increasingly looking at these solutions to address mounting last-mile bandwidth demands. Incumbent telecom operators blocking Internet calls: VMobi Solutions New Delhi, Sep 28 () Serial entrepreneur Bhavin Turakhia today said telecom operators in the country are "reluctant" in driving innovation and their demand of only service providers being allowed to offer internet telephony is "anti-competitive". Turakhia, who is co-founder of the USD 1. Over 200 mobile phone companies from China India to participate ... Business Wire India Videocon Telecom plans to offer pan-India mobile services as virtual network operator A VNO provides telecom services like mobile landline and Internet, but only as a retailer for full-fledged telecom operators such as BSNL and Airtel. Debt burden mounts as telecom operators get into price war: Assocham-KPMG study Simplification and rationalisation of tax regime will provide the required financial stability to the Indian telecom industry Airtel makes incoming calls free on international roaming Airtel has announced new International Roaming (IR) packs which promise free incoming calls during travels abroad. India plans Rs.10500 crore mobile telephony projects to connect 17600 border villages The NDA government is preparing a detailed project report for providing mobile phone access to around 9,000 villages in the border states of Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Rajasthan, Gujarat and Punjab [...] Is there a silver bullet for Indian TSPs? The Indian telecom industry, media and consumers have been curious over developments such as the entry of Reliance Jio, its tariff plans, new partnerships and.. Amazon announces content deal with T-Series' future Films Amazon Prime Video will get the exclusive streaming rights for T-Series 17 upcoming releases, including Tum Bin 2, Noor, Chef, Raabta, Simran and other features. Infosys unveils modular e-commerce platform The platform has been developed by Skava, a Silicon Valley-based e-commerce start-up that Infosys has acquired in June 2015. Mobile phones to top Flipkart Big Billion Days, other festive online sales Mobile handsets is expected to the top selling category for the e-commerce players during the forthcoming festive sale days this year and this will continue to drive the gross merchandise value (GMV) of the industry, according to a study... Exclusive: Parenting social network TinyStep raises fresh funding from Flipkart Bangalore-based WeHive Technologies Pvt. Ltd, which runs parenting social network TinyStep, has raised a fresh round of funding from one of its existing Sexual harassment cases rise by 26% in Nifty 50 companies; Wipro, ICICI, Infosys top list This is the second year that companies have disclosed the data in their annual reports to comply with the Sexual Harassment of Women at Workplace Act. 4 Indians in top 50 global list of CEOs BANGALORE: CEO's of four Indian software service companies featured in an employee survey by Glassdoor, a jobs & companies community website Wal-Mart in talks to tap India e-commerce space : Will invest in Flipkart Wal-Mart is in discussions with Flipkart, India’s largest e-commerce company, about investing in the startup, according to a person familiar with the situation. Facebook trying to find alternatives to Free Basics programme : Cooperating with Indian government India, which has the world's largest population 'offline', will have to focus on the wireless mobile space to spread Internet connectivity. UpGrad joins Startup India programme as education partner Online learning and education platform UpGrad is the official education partner for Centre's 'Start-up India' learning programme. Upgrad, co-founded by Ronnie Screwvala, will offer a four week programme aimed at entrepreneurs looking to take the BlackBerry outsourcing smartphone design in strategic shift TORONTO: BlackBerry Ltd will outsource the development and design of its smartphones, a product category it helped pioneer and popularize, as the Canadian compa... 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