September 30, 2015 - Alibaba, Ant Financial invest $680 million in Paytm, up stake to 40% to become the largest shareholders of its parent firm One97

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Digital Alibaba, Ant Financial invest $680 million in Paytm, up stake to 40% to become the largest shareholders of its parent firm One97 Alibaba and its financial services arm, Ant Financial, have made a "strategic" investment in Indian mobile payment platform, Paytm. Complimentary Report:The Right Time for Real-Time Marketing Deliver more relevant offers, increase response rates, and create happier, more profitable customers Advt: Diamond India Ltd. introduces Limited Edition Sachin Tendulkar Swiss Silver Coins. Digital marketing is evolving everyday. Keep up with the latest trends. Digital Quikr launches recruitment platform 'QuikrJobs' for blue grey collar workers Online classifieds firm Quikr, owned and operated by Quikr Technologies Pvt. Ltd, has launched a dedicated job search platform named QuikrJobs.   Digital Consumer lending marketplace Loancircle gets angel funding; aims to facilitate Rs 20 crore loans by March 2016 Digital Recreation social platform Brigge Technologies raises undisclosed amount from The Chennai Angels Brigge Technologies, a social platform where people can discover and participate in activities happening in their areas of interest, has … Digital Pune-based machine learning startup Hugefly raises angel funding; plans to use the fund for hiring talent Pune-based machine learning startup, Hugefly which provides online search services to eCommerce firms, has raised an undisclosed amount of … Retail PepperTap raises $36 million from Snapdeal, others, plans to expand to 75 cities from current 18 PepperTap deal is Snapdeal’s latest push into hyperlocal after the company launched Snapdeal Instant in August Retail Nestle cancels 12-year contract manufacturing of Maggi with SAJ to increase focus on quality Analysts feel that Nestle’s decision to end its 12-year contract with SAJ could be part of a move to increase focus on quality after the national food regul.. Retail Retail chains sign up mobile wallets Tie-ups between retailers and mobile wallets offer consumers a convenient payment option, cash-back offers and additional discounts Retail Samsung rejigs electronics business to give a ring to its sales, match pace with smartphone business Samsung India, the market leader in mobile phones and flat panel televisions, has restructured its consumer electronics and home appliances business into geographical divisions. Telecom TRAI directed to penalise operators encouraging call drops: Telecom minister Telecom minister Ravi Shankar Prasad has said that the TRAI has been directed to penalise any operator encouraging call drop.   Telecom Facebook clearly doesn't want to rub India the wrong way! The social media giant Facebook has said that it's important to get the debate on Net Neutrality 'right' in India. According to Facebook, India has over Telecom Former Penguin India Publisher To Tap Mobile Phone Publishing Through 'Juggernaut' Former publisher of Penguin India, Chiki Sarkar, launched a publishing company called Juggernaut last week. It's billed as a digital platform with a huge focus on the mobile phone - in addition to good old physical publishing. She's launching it with Durga Raghunath, founder of  digital newsroom, Firstpost and former chief [...] Finance Why did Raghuram Rajan cut the policy rate by 50 bps? While this might seem as a “take that” gesture from Rajan, there are actually sound reasons for the cut Finance RBI to open up FPI limits in debt in phases Limits will be hiked every six months; central bank allows foreign investment in state bonds Finance After State Bank of India, other banks follow rate cut bandwagon Home loans are set to become cheaper after the Reserve Bank of India on Tuesday in its monetary policy review announced to cut repo rate by 50 basis points to 6.75 per cent. Finance Rate cuts on course, but banks still need the Rajan push A policy rate cut is effective if banks lower or raise rates in tandem with the central bank actions. Lower policy rates should translate into lower bank rates for borrowers—retail and corporate. Food/FMCG Shree Renuka Sugars declares its Brazilian unit bankrupt Shree Renuka entered the Brazilian sugar sector in 2009, when it bought controlling stakes in the four mills from two local companies. Food/FMCG Personal care firms take herbal route in quest for premium tag Several companies in the personal care segment are enhancing their range in the category, variously tagged as natural, ayurvedic or herbal Food/FMCG India overtakes US as the largest consumer of cashew Although the US continues to be the largest buyer of Indian cashew, processor-exporters are focusing more on the domestic market. Food/FMCG Now get a personalized Nutella jar- ET A customer buying a Nutella jar from select stores will be given a personalized label, which will be printed on the spot with the content provided by the customer. Software Chip-maker Qualcomm plans to invest up to $150 million in Indian startups A quick factsheet on the 36 Indian startups that exhibited at the event in Silicon Valley. Software Snapdeal invests in local grocery app startup PepperTap : Picks up stake worth $36M India's e-commerce leaders are beginning to invest in smaller competitors or specialist services to consolidate their market position. Software Alibaba invests in mobile wallet startup Paytm : Increases stake to 40% Alibaba now has a foothold in India's promising online commerce market, where Amazon, Snapdeal and Flipkart are battling for dominance. Software Microsoft set to launch three data centres in India : Will focus on providing cloud services "The hyper scale cloud will empower govts, businesses and users and offer enough computing power that will support all their existing workloads". Ecommerce Alibaba, Ant Financial invest about $680 million in Paytm, up stake to 40% Chinese e-commerce giant Alibaba Group Holding has made a strategic investment in One97 Communications, the parent company of Paytm... Ecommerce Jabong might sell stake to Snapdeal; Adding a fashion portal would help Snapdeal tackle Myntra in a major way; talks in a nascent stage CEO Kunal Bahl says the company is almost always approached by companies who want to raise money in the market Ecommerce Mobile adtech company InMobi raises $100 million in new debt from a consortium of lenders led by US-based Tennenbaum Capital Partners InMobi has received nearly $60 million, of which $40 million has been used to pay off the debt raised last year from Hercules Technology Growth Capital (HTGC).. Ecommerce Online hotel bookings in India expects to jump two-fold by 2016 due to the increasing penetration of the internet and smart phones: ICRA Travellers are increasingly using the internet to research and book flight tickets and hotel accommodation Franchise Franchisee Journey: From fitness instructor in college to kickboxing franchisee One would think raising three kids and acting as CMO for a tech startup would be enough of a challenge, but Riza Ayson wanted more. Franchise Why emerging franchisors and franchisees should focus on culture, develop a code of values and live by them Culture is important to business success. Read on to find out how important it is for emerging franchisors and incoming franchisees to have a distinct franchise culture in place from the start. HR 15 inspirational quotes from Steve Jobs Justin Sullivan / GettySteve Jobs on stage.It's coming up to four years since Steve Jobs passed away. The tech visionary, who created both Apple and reimagined HR Competition Commission of India notifies recruitment: Apply now The Competition Comission of India (CCI) is inviting applications for the recruitment on several posts on deputation on foreign service basis. HR Use psychometric tests to pick right candidates Psychometric tests are helping companies zero in on likely candidates. As a result of this, talent assessment companies are now using maps and `selfies' to identify leaders. HR Near Wins, And Not Quites: How Almost Winning Can Be Motivating Shankar Vedantam explores "almosts" and "not quites" on this episode of the Hidden Brain podcast, with the help of Monica Wadhwa, Dan Pink and country music singer Kacey Musgraves. Logistics Let's focus on GST exemptions and IT readiness: Finance Ministry to industry Focus on GST exemptions and IT readiness: Finance Ministry to industry - GST is expected to bring in substantial reduction in non-compliance in the trading sector, potentially bringing trading and manufacturing at par and increasing competitiveness. Logistics Nepal fuel crisis forces airlines to reduce passenger and cargo load; schedule remains same for Jet, Air India and Indigo Airlines have doubled their fuel uplift on the Kathmandu sector and as a consequence forced to carry lesser number passengers and cargo per trip because of restrictions on supply of aviation turbine fuel to foreign carriers in Nepal.The Logistics Strong processes must win: IndiGo owner to float despite India aviation challenges It is obsessed with taking off and arriving on time. It has more than 400 aircraft on order from ...   Logistics Security stepped up at airports, Taj hotel after call warns of terror attack Described as a "specific threat", the agencies concerned beefed up security at these locations. Construction GR Infraprojects planning to raise Rs 400 crore through IPO Motilal Oswal’s PE fund and IDFC Investment Advisors are looking to partially sell their stake through the public offer Construction It time for banks to pass rate cut to consumers after RBI cuts interest rate Apart from rate cut, the central bank has also announced that it will lower rick weightage for low cost home loans... Construction Home loan to be cheaper after RBI cut rates The reduction repo rate- the rate at which RBI lends – from 7.25% has come as a big surprise to the market which had expected only a 25 bps cut.. Construction Tata Projects eyes smart cities opportunity Tata Group company Tata Projects Limited has created a dedicated division to tap the opportunities expected to be generated by the Smart Cities initiative... Marketing Can wearable technology become a bigger advertising platform than mobile? : Report Clients are highly optimistic about the potential wearable teach has in store for brands. Marketing Google AdWords to allow advertisers target specific email IDs : Report Google has launched a couple of new features for AdWords, including the ability for advertisers target customers by their email ID’s, Similar Audiences and Universal App Campaigns. The company mentions that these features will roll out to all advertisers over the next few weeks. Customer Matc Marketing Supporting Digital India is not supporting Internet.org : clarifies Facebook Supporting Digital India is not supporting Internet.org, clarifies Facebook - India has over eight lakh users under the Internet.org initiative. Marketing Paytm raises fresh round of funding from Alibaba and Ant Financial : Report Mobile commerce marketplace and digital wallet Paytm has raised an undisclosed amount in a fresh round of funding from Alibaba and Ant Financial. According to this ET report, the Alibaba Group will pick up about 20% stake in Paytm for about $680 million which will see Ant Financial’s stake lower Politics APJ Abdul Kalam’s grandnephew takes a leap into politics, joins BJP A grand nephew of former President APJ Abdul Kalam today joined the BJP after he reportedly showed an interest in entering politics. Politics FIR lodged against RJD chief Lalu Prasad for allegedly making casteist remarks in Bihar An FIR was lodged against RJD President Lalu Prasad on Tuesday for making allegedly casteist remarks. Politics Bihar’s Muslim Swing Vote – Today’s Roundup A roundup of all that's making news in Bihar today. Politics 11 Times Prime Minister Narendra Modi Proved That Camera Is His First Love Prime Minister Narendra Modi is not your typical world leader. He is just like you and me. He poses with cute animals. He takes selfies with world leaders all the time. And, posts them on social m Sports I want Virat Kohli to do better than me as skipper: Sourav Ganguly Sourav Ganguly feels Virat Kohli's challenge will be when India tour abroad. Sports I prefer to talk through my punches in the ring: Vijender Singh Vijender Singh said that he will talk through his punches after his opponent Sonny Whiting began thrash talk ahead of the bout. Sports South Africa series is going to be tough and entertaining, says Shikhar Dhawan Shikhar Dhawan feels the series will be tough but India would like to take advantage of home conditions. Sports Luis Enrique hails Barcelona fighting spirit after Leverkusen comeback Barcelona coach Luis Enrique praised the spirit his side showed in the absence of Lionel Messi to overcome Bayer Leverkusen 2-1 on Tuesday. Entertainment Viola Davis did not expect Emmy speech reaction Actress Viola Davis says she did not really expect her Emmy Awards victory speech to be so well received by viewers. Entertainment Parineeti Chopra, Vaani Kapoor being considered for Aditya Chopra’s ‘Befikre’? Anushka Sharma and Ranveer Singh were earlier finalised for the lead roles in Aditya Chopra's 'Befikre', but now Parineeti Chopra or Vaani Kapoor may replace Anushka. Entertainment Gulshan Kumar’s daughter Khushali to debut in music video Khushali Kumar, who is the daughter of late producer Gulshan Kumar is all set to make her debut in the video, 'Mainu Ishq Da Lagaya Rog' from the film, 'Dil Hai Ki Manta Nahin', which is dedicated to her father. Entertainment Arjun Kapoor star-struck by Malala Yousufzai Arjun Kapoor is accustomed to getting photographed with his fans, but he went ahead and "asked for a picture" when he met Malala Yousufzai at an event in New York. TradeBriefs Publications are read by over 10,00,000 Industry Executives 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