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Sep 1, 2016 - PE funds like Blackstone, GIC and others in talks for 25% stake in Lemon Tree

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Sree Vijaykumar From the Editor's Desk Running makes you smarter. While intense exercise literally creates brain cells, they are basically stem cells waiting to be put to use. A recent Cell Metabolism study examined Cathepsin B (CTSB) protein secretion during running. By assisting in the expression of BDNF, this protein had beneficial effects on cognition, specifically enhanced adult brain cell growth in the hippocampus and spatial memory function. But there's still that question: why does the body need to reward us with greater cognitive function and more effective spatial memory and awareness just because we run? The answer may lie in natural selection. More here 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). PE funds like Blackstone, GIC and others in talks for 25% stake in Lemon Tree Company is currently expanding and building nine more hotels that will take its total room strength to around 4,600 over next two years. Banks may soon urge customers to link Aadhaar to account via ATM UIDAI, the implementing agency of Aadhaar numbers, is of the view that ATMs could be the key considering there are about 1.5 lakh ATMs in the country and they enjoy high daily footfalls. Lucideus Tech raises funds from angel investors Lucideus Tech has received angel funding from Amit Choudhary, director of Motilal Oswal Private Equity Advisors Can we do without cash? It will take some effort to implement, but once there is widespread adoption among the merchant community, consumers will willingly change the way they shop Always on lookout for partners who make us future-ready: GroupM CEO GroupM CEO C.V.L. Srinivas on the launch of its digital agency in India, slump in TV ad spending and the challenges media agencies face Apis PE, ICICI Venture buy stake in Star Health Insurance Apis Partners, a private equity asset manager, will join Star Health’s board that includes Sequoia Capital and Tata Capital Growth Fund Sheer size of NPAs making headlines: Vinod Rai Old business models, in India and elsewhere, are seemingly disrupted by a new wave of technological innovation, he added. Techprocess Payments Services aims to up government transactions to Rs 100 crore a day It said last fiscal, it witnessed a GTV of Rs 24.55 billion a month and is targeting to increase it to Rs 30 billion a month for this fiscal. MF distributors allowed subscription of Sovereign Gold Bonds The Finance Ministry had yesterday said that applications for the bonds will be accepted from September 1 for nine days and the bonds will be issued on September 23. Reliance Jio: A peep into Mukesh Ambani’s $20 billion start-up The prospect of Reliance Jio, which has not yet been commercially launched, has raised hopes of cheaper, more reliable data for Indian users India growth threatened by business 'roadblocks': John Kerry U.S. Secretary of State John Kerry experienced some of the challenges that lie in the way of India's economic rise, as monsoon floods in New Delhi became a talking point at his meeting with Prime Minister Narendra Modi. NPCI starts pilot for Bharat Bill Payment System It is an integrated platform connecting banks and non-bank entities in bill aggregation business like billers, payment service providers, retail bill outlets etc. Allow mobile registration from any bank’s ATM: RBI Registering mobile numbers (linking numbers to bank accounts) is important because it facilitates SMS alerts for every transaction and helps curb fraud. India's top woman banker Arundhati Bhattacharya sees cracks in glass ceiling As hiring managers complain about a lack of talented women candidates for board-level jobs, her view is that they simply have not looked hard enough. Lavazza India launches first training centre in India It will provide training and information on the Italian coffee culture to Barista Online shopping platform Shopawl accepts eBay purchases in bitcoin EconoTimesShopawl, a startup that allows shoppers to make purchases with bitcoin on one of China's biggest online shopping sites, Banggood.com, has announced that it is now accepting eBay orders, where users can buy eBay goods using bitcoins. According to the ... From big oil to big data: Inside Indian tycoon Mukesh Ambani's $20 billion start-up At the vast open-plan headquarters of Indian telecom start-up Jio (Reliance Jio Infocomm Ltd, or RJIL), billionaire oil tycoon Mukesh Ambani stands in short sleeves beneath a digital tracker that logs every new subscriber to his service [...] WhatsApp lands in hot water in India over privacy policy changes Taking note of the concerns raised by petitioners Karmanya Singh Sareen and Shreya Sethi, the high court has asked DoT and TRAI to file their replies by September 14. How Reliance Jio has shaken the Indian telecom sector The effect of Reliance Jio is such that even before its commercial launch, it has completely shaken up the market and forced giants like Airtel and Vodafone to cut their tariffs and offer free calls and services in order to remain relevant and compete with Jio.   Demand for refurbished phones driving Indian surplus market: HS Bhatia Apple may have been denied the opportunity to sell its refurbished phones in India but the Indian surplus phones market seems to be growing exponentia.. India's data tariffs much higher than other developing countries Indian users spend an average 2.6% of per capita gross national income on data usage compared to 0.4-0.5 percent in developed economies. Mobile data tariff in India is expensive, needs 75 percent cut: Study Mumbai 31 AugustData tariffs are high in India, which possibly explains why mobile operators are not able to take penetration beyond the 30 per cent levels. Data tariffs in India currently are at Rs 250 per GB, which is expensive when adjusted for Ashamed of our mobile phone segment in India, says top LG official LG mobile phones are not India-specific, admits Ki Wan Kim, managing director of LG Electronics, India, says tried to sell global products EU telecom regulators adopt strict net neutrality rules European Union telecoms regulators adopted strict rules on Tuesday limiting how telecoms firms like Vodafone and Orange can prioritize some types of Internet traffic, dealing a blow to an industry hoping to boost revenues. Mobile phones worth Rs 94000 crore to be assembled in India in FY 17: Ravi Shankar Prasad Around Rs 94,000 crore worth of mobile phones are expected to be assembled in India this year, a jump of 74% over last fiscal, government said today. Reliance Communication's New Offer For App-To-App Calling RCom will offer about 7MB of data per day under the scheme, which, according to the company, is enough for about 10 minutes of app-to-app calls per day. This data can also be used for browsing. Inside UPI: How India is bringing mobile banking to 1.3 billion people It is available for download from Google play store, and was launched at the Board of Directors' conclave Overly intense rivalry between Indian telcos could paralyse entire sector, warns Qualcomm chief Paul Jacobs India's telecom industry has been roiled by a row over the launch of 4G services by Mukesh Ambani-led Reliance Jio Infocomm. India has launched a national mobile payments ecosystem Why mobile wallets are safer than credit cards? - Interestingly the smartphone penetration in India is quite high, banking on which, in the last three years, 150 million digital wallets were created as opposed to the 20 million credit cards since their introduction in the 1990s. Fashion rental platform Flyrobe raises $5.3 milion in Series A funding led by IDG Ventures Flyrobe, a fashion rental platform, announced on Tuesday that it had raised $5.3 million in series A funding. Tiger Global and Flipkart-backed Cube26 unveils its suite of consumer-facing apps The company, which launched its smart bulb 'IOTA Lite' last year, has also unveiled its new brand -- Reos -- under which the products are expected to be launched Why 2016 has not been too great for Indian start-ups Business Today In fashion, there were at least 10 established names, including Myntra, Jabong, Yepme and Limeroad. Similarly, there are five prominent players now in the Indian furniture e-tailing category: Pepperfry, Urban Ladder, FabFurnish, Homelane, and Livspace. Exclusive: Kalaari-backed fashion e-tailer TheLabelLife gets new co-founder The Label Corp Pvt. Ltd, which runs fashion ecommerce platform TheLabelLife.com, has promoted its creative head Yashika Punjabee as co-founder. Personal mobile assistant app Mihup secures $6.7 mn from Accel Partners Kolkata-based Mihup Communications Pvt Ltd, which operates an artificial intelligence-based personal mobile assistant app, has secured over Rs 45 crore from Vishal Sikka wants Infosys to hardsell its automation, ecommerce plans to clients Infosys said it was hoping to become the go-to IT provider for its customers and reducing the amount of work that comes from requests-for-proposals (RFP). With 4000 jobs lost, AskMe employees talk about horrible events that led to its downfall After temporarily suspending operations a few weeks back, Gurgaon-based e-commerce website Askmebazaar has now reportedly shut down and laid off 4000 employees owing to a severe fund crunch. Mountain Capital to invest in Paytm; investment will be used for expansion and scaling up, boosting payments and commerce NASSCOM in its representation said the sector is creating huge job opportunities and allowing small industries to sell their products. Micromax to revive Yu brand to take on Chinese smartphone makers like Vivo, Oppo and others Yu will be elevated as the flagship brand targeting youth in the premium segment and Micromax will focus on feature and smartphones priced under Rs 12,000. Samsung plans to make its smartwatches work with Apple phones Samsung confirmed reports the company is running beta tests of the latest Samsung smartwatches to ensure compatibility with Apple iPhones. Is there a global consensus on managing the Internet? Prasad told Aftab that Prime Minister Narendra Modi and his government have been calibrating its cyber-security and safety policies very carefully. 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