Aug 16, 2017 - Uber lines up 4 investors, but a deal hangs on boardroom battle

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Sree Vijaykumar From the Editor's Desk One possible path forward for Snapdeal may come from Infibeam, its lesser-known competitor. An early entrant in the market, Infibeam didn't raise venture financing, and survived as a niche player. While it has maintained a business-to-consumer (B2C) presence that competes with Amazon and Flipkart, it has kept the cost of that operation under control and not tried to match their pricing. Furthermore, it launched BuildaBazaar.com to help other brick-and-mortar retailers launch their online stores. Infibeam later acquired a digital marketing agency to help these retailers with their marketing initiatives. BuildaBazaar's success shows how a small player can survive by finding a niche. More here. Introducing TradeBriefs SME - Print edition - Subscribe Now! | Sample copy Advertisers of the day Standard Chartered Bank (Personal Loans): Your dream holiday is now closer than ever On behalf of SAP India: Identify the perfect SAP solution for your business in 3 easy steps shivkhera: Optimize Performance and Move Up to the Next Level : Programs by Mr. Shiv Khera   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). Uber lines up 4 investors, but a deal hangs on boardroom battle Uber lines up Japan’s SoftBank and Chinese Didi Chuxing, along with US equity firms Dragoneer Investment Group and General Atlantic to raise $1 billion to $1.5 billion Advt: Lending solutions for all your long-term business needs No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More) 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. Genpact shareholders to offload 10 million shares The share sale could fetch the two shareholders $294.3 million as Genpact shares closed at $29.43 per share on NYSE on Monday. SBI wants weaker rupee to curb China import flood The weaker yuan is intensifying a flood of cheap Chinese goods into the country, threatening to hurt India’s struggling factories and blow out its biggest bilateral trade deficit Reliance Nippon's stake sale to IIFL values co at Rs 15k cr IIFL Asset Management buys 2.59 per cent stake for around Rs 390 crore. A messy GST, and the road ahead The current structure of the goods and services tax (GST) is seriously flawed, the result of messy political bargaining 70 years of saving and investing in India From state control to markets—some good, some bad and some ugly Jan Dhan accounts may be losing their momentum In terms of the use of these accounts, some interesting facts emerge. First, the average balance kept in these accounts increased and peaked in December 2016. Why ATMs, once a symbol of liberalised economy, are fast losing importance The business of automated teller machines (ATMs), which was marketed as ‘Any Time Money to convey its convenience, is staring at a crisis. The impact of caste on economic mobility in India The caste networks will disappear when the market economy starts to function efficiently Aurobindo Pharma, Intas in race for Teva's European assets Aurobindo Pharma and Intas are vying for Teva Pharma’s European assets that include oncology, pain management and women’s health divisions of the firm Sistema to set up 100% arm to handhold desi startups The new Sistema India subsidiary will “handhold local startups under its new Scalerator platform through a host of services, including go-to-market strategies," ET learnt. Evolving negotiation strategies in late stage PE investments Fund raising by late-stage firms has become sophisticated, with many founders opting to run a bid process, on the back of a proven track record of performance, ethics Black money: Swiss party opposes information sharing pact with India The Swiss People's Party (SVP), a populist political party in Switzerland, has opposed automatic exchange of banking information with India and 10 other countries. Goldman Sachs adds pay, perks in Silicon Valley war for tech talent Goldman Sachs recently boosted pay for programmers fresh from college to compete with the likes of Google and Facebook Thousands transferred, branches closed, but no major protests in SBI According to SBI, the projected number of staff to be redeployed due to rationalisation of administrative offices and branches is around 10,616. Wilful defaulters owe Rs 92K cr to PSU banks The outstanding loans by wilful defaulters rose to Rs 92,376 crore at the end of financial year 2016-17, as against Rs 76,685 crore at the end of March 2016. Govt moves to disallow more of Reliance-BP-Niko’s KG-D6 cost The oil ministry has cited below-target output from KG-D6 block, controlled by Reliance Industries, BP Plc and Niko Resources, for disallowing the cost recovery IDBI Bank still a prisoner of bad loans as malaise deepens IDBI Bank NPA rose 12% sequentially and the bad loans-to-assets ratio bloated to nearly 25%, the highest among lenders How Flipkart has fared against Amazon India Amazon significantly outpaced Flipkarts growth rate in financial year 2017, although the domestic online marketplace remains Indias largest, according to Praxis Global Alliance. In logistics, warehousing realty, investors find a store of value Big MNCs such as Ascendas-Singbridge, Assetz Property Group, among others, have made heavy investments in the last 3 months ITC to launch packaged potato, onion, tomato As it rolls out frozen prawns in select cities,ITC has lined up a few more product off Future Consumer Q1 net loss at Rs 7.37 crore - Future Consumer Ltd, a part of Kishore Biyani-led Future Group, today reported narrowing down of its consolidated net loss to Rs 7.37 crore for the first quarter ended June 30, 2017. Jio Phone booking starts at Delhi NCR offline stores; from documents needed to delivery date, know everything Jio Phone booking: Certain offline retailers in the Delhi NCR have started taking pre-orders for Jio Phone. Vodafone seeks government relief to face Jio's 4G phone freebies Vodafones adjusted gross revenue from services has declined continuously and recorded a sequential drop of 3.41% in quarter ended June. Reliance Jio may offer part refund for 4G feature phones before 3-year lock-in Through the 4G device, Jio is targeting 500mn Indians who are still on 2G/3G feature phones, using primarily voice services and havent moved to a smartphone. Trai data shows increases in the number of telephone and mobile subscribers in India TRAI data shows, the number of telephone subscribers in India increased from 1,204.98 million at the end of May 2017 to 1,210.84 million at the end of June. 'Renaissance Man of telecom' This is only the sixth time in the society’s almost half century history that the award has been given. Nokia 5 smartphone to go on sale from August 15: All you need to know Nokia 5 will be available for sale in offline retail in India from August 15, which is tomorrow. The Nokia phones by HMD Global were announced in June 2017, but pre-bookings for the device had opened in July. The price is Rs 12,499. AI, automation to be next disruptions for Indian businesses: Report The report said key investments will be in innovation in the fields of energy, transportation and manufacturing, among others. Indian FMCG conglomerate ITC Limited plans launch of (frozen) potato products As Indian FMCG powerhouse ITC rolls out frozen prawns in select cities in the country, the company has lined up a few more product offerings - including frozen (?) processed potatoes. Defence canteen, India's No. 1 retailer, to go online "When they do a contract with Canteen Stores Department, they have to assure us in writing that they will not sell any product anywhere at a price lower than us." 'We are creating a pesticide-free category' Metro Cash & Carry India Pvt Ltd, the largest wholesaler in the country, recently partnered with Safe Harvest Pvt Ltd, an agglomerator that works with around 50,000 farmers mainly in the South to launch pesticide-free By 2050, I expect India to become the largest economy: Adi Godrej Adi Godrej, Chairman of the Godrej Group, is a proud Indian whose group has its roots in the country’s independence and Swadeshi Movement since its inception in 1897. From locks, soaps, property, retail and animal feed Tata Global Beverages to launch Himalayan mineral water in US New Delhi, Aug 15 () Tata Global Beverages today said it will launch its premium natural mineral water brand 'Himalayan' in the US market. Himalayan is currently available in India and Singapore. Want to set up Patanjali factory in Kashmir: Ramdev Yoga guru Ramdev today said his consumer products company is in the process of acquiring land in Jammu and Kashmir to set up a unit there and would also offer jobs to youth in the state. Future Consumer to form 50:50 JV with UAE-based Bin Ablan Food Future Consumer to form 50:50 JV with UAE-based Bin Ablan Food 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