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Wednesday, November 16, 2016

Nov 16, 2016 - SaaS raises over $256 million in VC Funding

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Remember Microsoft, the 20th century behemoth? Turns out it's transforming into a 21st century giant, under the leadership of Satya Nadella. This Fortune piece on him follows him around several countries as he engages with governments, customers, schoolkids - all important to the new Microsoft. An excerpt - "There are two types of conversations you'd have at Microsoft when you'd explain things," Irving says. "One type of person waited for a break in the argument to argue back. The other listened to learn. That was Satya." Well before he was named CEO, Nadella "could suspend his disbelief and opinion to listen to you thoughtfully. The slight difference between listening to argue and listening to learn is not subtle. It's huge. Satya is soft-spoken but energetic, which is a weird combination." More here

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SaaS raises over $256 million in VC Funding

"A lot of Freshdesk's enterprise customers are first-time users of a help ticketing system. Indian SaaS players are democratising business applications in Western markets. In this process, they are creating many new segments," said Sharma of iSPIRT.




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Demonetisation: India is not yet prepared to become a cashless economy

There may still be some time before India is ready to do a large part of its transactions in plastic money; demonetisation seems to ignore that



The cash withdrawal, currency exchange challenge at rural bank branches

About 93% of the 595,000-odd rural areas remain ‘unbanked’—they have no physical bank branches



Subbarao warns RBI against taking unclaimed notes as profit

If done so, then the demonetization move will be viewed as being done with other motives, rather than fighting black money, says former RBI governor Subbarao



Tata Tech stake sale talks on; deal may take longer

Tata Motors has held talks with Singapore’s GIC for the stake sale in Tata Technologies, but there has been no outcome yet of those discussions



JM Financial subsidiary buys 17.5% stake in India Home Loan

IHL is a housing finance company which offers retail home loan product for affordable housing segment



NSE may divest 25% stake via OFS route

The dilution of up to a 25% stake would help the NSE IPO raise around Rs10,000 crore



States lobby centre, RBI to allow co-op banks to accept old notes

RBI informed co-op banks in Maharashtra, Gujarat, Kerala and Tamil Nadu that they are not covered under the scheme to accept old notes



Bank of Baroda uses centralized war room to spur lending decisions

Decisions on credit across the country and otherwise are now being taken by a single team in Mumbai, says Bank of Baroda MD and CEO P.S. Jayakumar



Lenders giving small loans hit hard by demonetization

Bandhan Bank stops disbursing new loans following withdrawal of Rs500 and Rs1000 notes and the resultant cash crunch in the country



How AP Hota created Amul of Indian finance

For NPCIs founding CEO, what started as a mission sans vision became a leap of faith. And then there was no looking back, writes Pratik Bhakta.



95% of SBI group ATMs fully functional: SBI

The bank is procuring indelible ink and from tomorrow, it will be using them to manage crowd and prevent people from making many exchanges.



Longer queues but better banking after demonetisation

NOIDA: There were longer queues in front of banks and ATMs since early morning today.



Uberisation of banks: Banking giants face tough challenge from startups

Just a couple of years ago, few would have thought banking giants could be threatened by lesser-known, small companies.



Demonetisation: Bandhan Bank stops micro-credit disbursement

"Even if we get Rs 2,000 currency notes, we can't disburse it as my customers may not be able to use it and have to give interest," Bandhan Bank chairman CS Ghosh said.



Digitisation in home loans

As the housing finance industry adopts greater digital support, information is more easily available



Unlike India, Pakistan won't demonetise higher currency notes: Finance Minister

Pakistan, unlike India, will not demonetise Rs 5,000 notes or withdraw Rs 40,000 prize bonds



Cash deposit limit in Jan Dhan accounts set at Rs 50000: Finance ministry

With reports of Jan Dhan accounts being used by other people to deposit their unaccounted cash, the finance ministry on Tuesday set an upper limit of Rs 50,000 for deposits into these accounts.



Former Finance Minister P Chidambaram ridicules demonetisation move

"Banks are doling out cash to citizens. That is proof that "Achhe Din" have arrived!" he said referring to BJP's poll slogan.



Tata Sons-Mistry spat: How mutual fund houses view the corporate tussle

According to data provided by ValueResearch, in half of Tata listed companies, mutual fund holdings has increased between September and October



Why smaller companies have bigger debts

A Mint analysis of 305 listed non-financial companies shows it is the smaller firms that are saddled with the highest amount of debt relative to their market capitalization



Demonetisation: Third party logistics providers to ecomm majors warming up to card payments on delivery

Third party logistics providers are, however, reluctant to get into alternate payment methods such as paying through card on delivery.


Punjab: Shopkeepers refuse to accept Rs 10 coins now

Shopkeepers say heard about ‘duplicates’ in circulation


Cheaper food softens retail, wholesale inflation in Oct

Food inflation dipped on the back of deflationary pressures from vegetables (-5.74 per cent) and some moderation in pulses inflation at 4.71 per cent.


DHL eCommerce to invest Euro 70 mn to augment e-commerce

Logistics firm Deutsche Post DHL Group today said its division DHL eCommerce is investing 70 million Euros to strengthen its operations to meet the fast- growing demand for quality e-commerce logistics services in India. Through its subsidiary Blue


Govind Shrikhande on shaping the next level of retail consumption in India

Customer Care Associate & MD, Shoppers Stop, Govind Shrikhande talks on shaping the next level of retail consumption in India...Omnichannel, to be or not to be?Most of the online players a


Snapdeal's COD business marginally hit by demonetization

In the wake of demonetization of high-value currency notes, online retailer Snapdeal has recorded a 'marginal dip' in its cash-on-delivery (COD) mode of payments, a top company official said on Monday


Adidas launches Rs 21000 shoes made with waste

Hindustan Times
The range will be available at select retail stores, one each in Mumbai, Delhi and Bangalore, and on the company's website. "Moreover, Adidas will build one million pairs globally by the end of 2017, enabling us to bring more pairs to India." The ...sp;




Digital offers a way out for online logistics companies

Post-demonetisation, startups are latching on to the digital to solve truckers' cash woes


Helping consumers win the telecom wars

A well-functioning market relies on competitive pressures to incentivize producers



Jio prepares to launch 4G feature phones with unlimited voice, video calling

Affordability — the cheapest 4G smartphones cost about Rs 3,000 — and lack of scope for other uses have deterred the faster adoption of smartphones.



Vodafone loss doubles to $5.5 billion due to India write-down, hit by RJio entry

British telecom major Vodafone today posted over two-fold increase in losses at 5 billion euros, or Rs. 37,382 crore, in the first half of the fiscal ended September, due to impairment of non-cash ass



WhatsApp rolls out video calling from its biggest market India

Adding video calling was the next logical step for the widely popular app, which boasts of over a billion monthly active users globally.


 

Paytm mobile interface to be available in 10 Indian languages

The Paytm interface will go live on the mobile application and webpage by Wednesday or Thursday, according to a company spokesperson


 

HC winds up plea against chewing tobacco after State imposes ban

The High Court of Karnataka on Tuesday closed a PIL petition, which had sought direction to the authorities to prohibit chewing tobacco, as the State government on October 26 banned the sale of flavou



Small's beautiful: Coca-Cola to phase out bigger bottles

The beverage giant to also scale up production of non-aerated, zero calorie products.



Are dark days ahead for fairness cream market?

The market for fairness creams for men and women seems to be shrinking



Removal From Tata Global Beverages Illegal, Says Ousted Chairman Mistry

No agenda at Tata Global Beverages board meeting for Mistry’s removal, his office says.



Cigarettes, liquor, sweets, eggs and more: Demonetisation hits these sales the most

Here is an account of how the Centre's demonetisation policy has impacted sales and production across sectors



Diet Pepsi is a toilet cleaner, throw them out: Baba Ramdev

“Diet Pepsi is a toilet cleaner…dont talk about them. We have to drag them out like the British. We must throw out these MNCs," said Ramdev.



Home Food Nestle expects FMCG industry to fare better in second half of the...

After witnessing a decline in the first half of the fiscal, Nestle India expects the FMCG industry to fare better on the back of good monsoon and benefits trickling in from the 7th Pay Commission. According to a PTI report: The company, however, is cautious that rising commodity prices could pose a challenge to the



It may be time to short the consumer theme

It will be more of a break in the narration that could lead to moderation of investor expectations and stock prices.



Future Consumer forms JV with UK wholesaler Booker Group
Future Consumer, the packaged consumer goods arm of Kishore Biyani’s Future Group, is investing Rs50 crore in Booker India Facebook Twitter Linkedin Email


Flipkart won't go to IIM and IIT campuses in upcoming placement season
Flipkart won't go to IIM and IIT campuses in upcoming placement season - Economic Times
The decision of the ecommerce firm comes after a season when it faced flak for postponing the joining date for the batch it recruited. Facebook Twitter Linkedin Email


Mobile gaming portal PlaySimple raises $4 million
PlaySimple aims to increase sales 10 times by the end of FY18, says co-founder Siddharth Jain Facebook Twitter Linkedin Email


Paytm records 5 million transactions a day; crosses 50 million downloads on Google Play Store
Voice & Data Online
Voice & Data OnlineNEW DELHI: India's largest payments and commerce platform, Paytm announced that its Android app had crossed the 50 million installs landmark on Google Play Store in the second week of November 2016. With this, Paytm's android user-base has now grown to ... articles  Facebook Twitter Linkedin Email


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