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. 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

Dec 3, 2015 - Future Fund from Australia to invest up to $200 million in India next year: Steve Byrom

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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 Future Fund from Australia to invest up to $200 million in India next year: Steve Byrom Future Fund, Australias sovereign wealth fund will invest up to $200 million in India next year, Steve Byrom, its head of private equity fund told ET. Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans Oyo Rooms looks to buy rival Zo Zo is struggling to raise funds amid rising competition in budget hotels as large online travel firms make entry Sun Life Financial to increase its stake in Birla Sun Life Insurance from 26% to 49% The higher stake is in line with Sun Life’s objective of expanding its presence in markets with strong growth opportunities Paytm partners with ICICI Bank to launch virtual prepaid cards for its wallet users Mobile payments and commerce marketplace Paytm is partnering with ICICI Bank to offer virtual prepaid cards to its wallet users that can be used to pay for purchases both online and offline. RBI to buy up to Rs10,000 crore of govt bonds via auction The move comes a day after the RBI governor said that borrowings from the repo window suggest there is plenty of liquidity in the system Tata Steel refinances $1.5 billion worth of loans Tata Steel has executed these agreements through its Singapore incorporated subsidiary T S Global Holdings Pte Ltd Tata's tie-up with ICBC will not impact SBI: Arundhati Bhattacharya Countrys largest bank State Bank of India (SBI) has said that the strategic tie-up between Tata Sons and Chinese bank Industrial & Commercial Bank of China will not affect them. IPR policy to help India become innovative economy: Amitabh Kant The national Intellectual Property Rights (IPR) policy being prepared by government will help India become an innovative economy over the next 10 years, a top official said Wednesday. Raghuram Rajan gives rupee bond bulls confidence to forecast end of rout Raghuram Rajan says inflation risks are to the downside and he will use the space for further accommodation, when available Wipro buys German firm Cellent for $78 mn Cellent’s marquee clients include Daimler AG and Carl Zeiss AG; it reported $92 mn in revenue last year How much of commercial bank money is being created by one unit of central bank money? India’s money multiplier has been gradually rising over the years due to steady decline in cash holdings DIPP likely to back ecommerce companies in legal tussle with footwear firms The government is likely to back ecommerce companies in the their legal tussle with the Footwear Manufacturers and Retailers Association (AIFMRA). Will Actual Human Beings Navigate the Amazon Delivery Drones? As Greg Nichols at ZDNet noted Tuesday, “the video raises an interesting question: Who exactly is going to fly those delivery drones?” Ouch! Flipkart suffers Rs 2000-crore wound in bruising discount war The company expects sales to surge six fold this year, according to head of commerce Mukesh Bansal. He told ET that the company was on course to sell goods worth $10 billion. Kidswear brand Poney to invest Rs 30 crore in India expansion, plans 25 more stores Apart from cities like Delhi, Mumbai, Bengaluru and Kolkata, Poney plans to set up outlets in tier-II cities like Lucknow, Chandigarh, Ahmedabad, Ludhiana and Pune. Vserv ropes in Google India's retail head Nadeesh Ramachandran to head sales In this role, Ramachandran will be responsible for driving Vservs sales efforts across India and Southeast Asia. With growing e-commerce, Indian book market all set to become Rs 739 billion industry by 2020 India's book market, currently worth Rs 261 billion, is expected to grow at 19.3% for the industry in the next five years, thanks to the e-commerce sector. The 2 Cent Fine for poor service India's Telecom Tycoons Say May Cost the industry $8 Billion India is pressing ahead with an unprecedented plan to fine wireless operators one rupee (2 cents) from Jan. 1 for calls that unexpectedly disconnect mid-conversation, rejecting claims the step could cost the industry as much as $8 billion a year. Missed call: Digital India will not succeed if India's ICT access continues to be so low The ICT Development Index of the International Telecommunication Union, which measures countries on their level of information, communication and technology (ICT) access, has ranked India at 131out of 167 countries. Among the Bri(ii)cs it comes... VoLTE is the new battleground for smartphone vendors in India, courtesy Reliance Jio Currently, 4G devices in India support data on one spectrum band and voice on another. VoLTE, which is still evolving globally, offers both voice and .. Chennai rains: Paytm offers free mobile recharge to residents Chennai is going through one of the worst natural calamity that the state has faced in the recent times. The recent floods have taken a toll of 188 lives so Chennai floods: Telecom companies strive to keep services going, offer freebies to users Leading telecom companies Bharti Airtel, Vodafone India, Reliance Communications, Aircel and state-run BSNL offered free talk time and data to pre-paid customers. After price cut, Nexus 5X is best smartphone to buy in India Most tech-enthusiasts had huge expectations from the recently launched Nexus 5X by LG. People expect it to be a great value for money offering, which Nexus Will India's call drop logjam see a breakthrough soon? The Telecom industry was seen on cautious footing, while the Government seemed determined, at the COAI-Ericsson Broadband For All conference. Are we finally nea Calling app Ringo suspends operations in India temporarily; denies violation Ringo, a P2P app which lets its users make local and international calls across landlines and mobiles at a low cost without using WiFi or carrier data (2G/3G), has “paused” its operations in India temporarily, Bhavin Turakhia, founder and CEO of the app announced in a post. Turakhia said that it Twitter's future in India is all about mobile video Twitter India’s revenue from the promoted video feature has grown fivefold over the last year, reports ET. Twitter did not disclose the total number of brands or campaigns using the feature. Parminder Singh, MD for India, Southeast Asia and MENA (Middle East and North Africa), told ET that over Phone companies slam draft IPR policy, say it will kill Make in India plan According to ICA, the draft policy also overrides the concerns of the Indian handset industry. Twitter's new parlour: video witter has seen robust growth in video consumption in India this year, with products such as Periscope, Vine and Snappy TV among others. In an interview with Sanjay Vijayakumar , Rishi J Startup buzz continues at IIT placements, 100% rise in such job offers Several IITs, including Delhi, Varanasi, Bombay, Kanpur, Guwahati and Roorkee, are reporting an up to 100% rise in the number of startups coming to recruit. Mahindra to rope in 20 execs for digital solution; poaches Askme.com CEO Jaspreet Bindra Mahindra Group is specifically looking for people in digital, analytics, innovation and customer insight. Some new hires will also be part of the core strategy team. BigBasket set to close Rs 800 crore funding BigBaskets valuation was pegged at Rs 2,100 crore, or about $320 million, ahead of the transaction, show filings submitted to the ministry of corporate affairs on November 30. Delivery startup MagicTiger acquires Bangalore-based eCommerce App Instano Instant messaging-based delivery startup MagicTiger has acquired Instano, a Bangalore-based B2C eCommerce App that renders on-demand delivery of services over chat. RBI Effectively Lifts All FDI Restrictions, Including Etail & Retail RBI's New Notification Could Be A Game Changer, Could Bypass All FDI Here is why gold may glitter again in India After a series of gold schemes launched by the govt, there are now talks of having a gold exchange in the country Social Media, Videos, Gaming Are The Most Popular Activities On Mobile In India Manesh Jain - As the number of mobile subscribers in India is almost reaching 1 billion, this is time of bumper harvest in smart mobile telephony in India. Indians are consuming, creating and sharing content, buying products, and gaming through their phones. Is Indian E-Commerce Digging Itself into a Hole? The whole Indian e-commerce industry in India best exemplifies the meaning of the phrase “digging itself into a hole”. In some other ways, it also typifies what we call “a zero sum game” Pre-Christmas Offers: 10 Coupons you can't miss from Flipkart, Amazon and more Jingle all the way! With winter comes the best Christmas offers so are you ready to go shopping to get maximum savings on every product you select. 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