Wednesday, September 2, 2015

September 2, 2015 - Snapdeal-owned online recharge firm FreeCharge appoints Sudeep Tandon as chief business officer

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Digital
Snapdeal-owned online recharge firm FreeCharge appoints Sudeep Tandon as chief business officer
Online recharge and utility payments portal FreeCharge, which was acquired in April by e-commerce marketplace Snapdeal, has appointed Sudeep Tandon as chief business officer.


Digital
Flipkart buys majority stake in payment services startup FX Mart
Last year, Flipkart had shut its payment gateway PayZippy.


Digital
Zomato picks up stakes in logistics firms Pickingo, Grab; and partners with Delhivery
Online restaurant guide and food ordering company Zomato has picked up stakes in logistics firms Pickingo and Grab and partnered with Delhivery to leverage its food delivery services.


Digital
Paris-based accelerator Numa eyes 10 Indian startups for its first batch
Paris-based Numa seeks to bring on board ten young firms for the first batch of its startup accelerator programme in Bangalore.



Retail
Flipkart to move data centres across cities in-house, may open up in future for use by others like Amazon's AWS
Flipkart to move data centres  across cities in-house, may open up in future for use by others like Amazon's AWS - ET Retail
Valued at about $15 billion, India's largest online retailer has built data centres across various metro cities such as Chennai, Hyderabad and Bengaluru...

Retail
How Delhi-based online modular furnishing solution provider Superwood grew 400% in 1 year
How Delhi-based online modular  furnishing solution provider Superwood grew 400% in 1 year - YourStory.com
Superwood gives customers the flexibility to shortlist a design from its website (Superwood.in) and send a layout of the property.

Retail
Counterfeit goods real challenge to 'Make in India': Report
Counterfeit  goods real challenge to 'Make in India': Report - ET Retail
The counterfeit market is growing at a rate of 44% and has touched Rs 1.05 lakh crore in size in 2014, according to 'Sell SMART' report...

Retail
How startups, ecommerce firms are attracting executives from Coke, Pepsi
How startups,  ecommerce firms are attracting executives from Coke, Pepsi - ET Retail
Job portal iimjobs.com currently has about 150 employees from Coca-Cola and Pepsi with work experience of about 10 years looking for another job...


Telecom
Indian Cell Tower Companies Eye Renewable Energy To Cut Costs
Cell tower operators in India are increasingly looking to switch to renewable energy sources to reduce their costs and increase the reliability of their power supply.


Telecom
4G for cheap: The best budget 4G smartphones in the market

4G for cheap: The best budget 4G smartphones in the market - Here's our roundup of the best bang for buck 4G smartphones available on the market today.


Telecom
Essar was controlling Loop Telecom Ltd, facts misrepresented before DoT: CBI
Essar was  controlling Loop Telecom Ltd, facts misrepresented before DoT: CBI - Economic Times
CBI told a special court that Essar was "effectively controlling" Loop Telecom which had "fraudulently and dishonestly" misrepresented facts.


Telecom
Google changes logo to better suit mobile devices
Google changes logo to better  suit mobile devices - Times of India
Google on Tuesday refreshed its logo to better suit mobile devices that are supplanting desktop computers when it comes to modern Internet lifestyles.



Finance
Bank of India adopts risk management tool to curb fraudulent card transactions
Bank of India  adopts risk management tool to curb fraudulent card transactions - Economic Times
Bank of India has adopted a fraud risk management solution for all its card-related businesses, the latest lender to invest in technology to curb surging fraudulent transaction levels.


Finance
Max India in talks with PE firms to sell 22% stake in Max Life Insurance
Max India in  talks with PE firms to sell 22% stake in Max Life Insurance - Economic Times
Max India is in talks with four private equity firms for the sale of a 22 per cent stake in Max Life Insurance, two people familiar with the plan said.


Finance
KKR to raise Rs1,500 cr credit fund for India investments
KKR to raise Rs1,500 cr credit  fund for India investments - Livemint
Money for the new fund will be raised from HNIs and family offices in India with a co-investment option for the parent company


Finance
Venture capital funding in agri start-ups picking up in India: Omnivore Partners
Venture capital  funding in agri start-ups picking up in India: Omnivore Partners - Economic Times
Lack of institutional funding through banks and Non- Banking Financial Company has prompted entrepreneurs to go for venture capital, it said.



Food/FMCG
Coca-Cola gives Deepak Jolly charge of promoting niche brands
Jolly, in his new position would have responsibility of setting up a new function within the company, which will promote its growing portfolio of niche brands.

Food/FMCG
Can 'Getting Future Ready' strategy reposition Dabur's 130-year old brand image
Can 'Getting Future Ready'  strategy reposition Dabur's 130-year old brand image - ET
The move, says Sunil Duggal, CEO of the Rs 7,800-cr Burman family owned firm, gives a clear focus to the organisation in terms of future M&A, innovation and growth.

Food/FMCG
Lite Bite Foods forms joint venture with HMSHost; to invest Rs 100 crore
Lite Bite Foods  forms joint venture with HMSHost; to invest Rs 100 crore - ET
The JV, named as 'Lite Bite Foods HMSHost', will focus to develop travel destinations and will open outlets at airports, stations and highways.

Food/FMCG
Indian consumer confidence highest in Asia-Pacific : MasterCard
Indian consumer confidence  highest in Asia-Pacific : MasterCard - Hindu Business Line
Majority of Indians bullish about job prospects, economic outlook


Software
TCS sets up Japan-centric delivery centre to boost margins
TCS sets up Japan-centric  delivery centre to boost margins - Economic Times
Tata Consultancy Services said it was creating a Japan-centric delivery centre in its Pune IT Park to augment capabilities of its Japan workforce, a move that will also help the company improve margins in that market.


Software
Android Wear integrates with iOS : Now use a Google smartwatch with your iPhone
Android Wear  integrates with iOS : Now use a Google smartwatch with your iPhone - Tech2
Google has finally opened up the Google Wear platform and gone ahead and released an iOS app! That enables iPhone users to use a Google Android-powered smartwatch instead of having to go for the Apple Watch.


Software
Google unveils a redesign of its iconic logo as it prepares to join Alphabet
Google unveils a  redesign of its iconic logo as it prepares to join Alphabet - Economic Times
Google Inc unveiled a redesign of its iconic logo on Tuesday, the fifth such modification since the search engine giant started in 1998, the company said.


Software
Apple is exploring to get into original programming business, says Report
Apple is  exploring to get into original programming business, says Report - Variety
The moment the media and technology industries have been expecting for years may finally be arriving: Apple is exploring getting into the original programming business. Sources indicate the Cuperti...



Ecommerce
Flipkart hits back at Snapdeal; sets Rs 65,000 crore sales target during fiscal 2016
Flipkart hits  back at Snapdeal; sets Rs 65,000 crore sales target during fiscal 2016 - Economic Times
Bansal, who cofounded Myntra, said Flipkart is aiming to sell goods worth $100 billion in 5-7 years, by which time he predicted that the retail industry would be worth $1 trillion with online sales accounting for 15-20 per cent of the total. "We will ...

Ecommerce
Bengaluru-based Reverie Technologies raises $4 M Series A funding from Aspada and Qualcomm Ventures
Bengaluru-based Reverie  Technologies raises $4 M Series A funding from Aspada and Qualcomm Ventures - iamWire
Reverie has raised an amount of $4 million in Series A funding from Aspada and Qualcomm Ventures.

Ecommerce
Flipkart acquires payment services firm FX Mart for Rs 45.4 crore to add a payment service on its platform
Flipkart acquires payment  services firm FX Mart for Rs 45.4 crore to add a payment service on its platform - Livemint
Flipkart is reportedly planning to launch a payment service on its mobile apps in the next three months.



HR
Reliance Jio offering up to 60% pay hikes to poach staff from incumbents
Reliance Jio  offering up to 60% pay hikes to poach staff from incumbents - Economic Times
Around 20 mid-management level executives at Tata Teleservices Kerala operations quit the company and joined Reliance Jio Infocomm, enticed by a 20-30% salary hike.


HR
Temp staffing jobs set to boom; ecommerce, retail to hire for sales, customer care support
Temp staffing jobs set to boom;  ecommerce, retail to hire for sales, customer care support - Economic Times
Staffing firms who are inundated with requests for thousands of temporary workers, said ecommerce is the biggest growth driver this season.


HR
3000 set to lose UPCL jobs
The contracts of over 3,000 employees working in Uttarakhand Power Corporation Limited will not be renewed as the state high court ordered UPNL to only recommend ex-servicemen for the government job


HR
SAP Labs announces Rs 1 lakh monthly aid to deceased staffers' families
SAP Labs  announces Rs 1 lakh monthly aid to deceased staffers' families - Economic Times
The Care For Life fund, launched three years ago, is fully employeemanaged. To join, an employee needs to contribute Rs 100 a month.



Logistics
International North South Transport Corridor (INSTC) draft approval: Big step forward on India-Iran-Russia corridor
International North South  Transport Corridor (INSTC) draft approval: Big step forward on India-Iran-Russia corridor - Economic Times
INSTC could serve as the route for Southeast Asian countries to send their cargo to Europe instead of the Suez Canal to cut down on cost and time.


Logistics
Templeton's emerging markets fund invests in Vietnamese logistics firm ITL which had a t/o of $110 million last year
Templeton's emerging markets  fund invests in Vietnamese logistics firm ITL which had a t/o of $110 million last year - DEALSTREETASIA
Indo Trans Logistics Corporation (ITL) – has picked up a $15.8 million investment from Franklin Templeton, the global investment firm announced.


Logistics
Uber plans own mobile payment wallet in India; Airtel money will power its platform
Uber plans own  mobile payment wallet in India; Airtel money will power its platform  - Economic Times
At present, consumers can pay for Uber trips via Paytm wallet. It recently tied up with Airtel Money to facilitate payments via the latter's wallet as well.


Logistics
All-India strike to heighten transport troubles in U'khand; this is against the Centers Road Transport Safety Bill
Thousands of taxis, buses and other means of public transport will stay off the roads starting Tuesday midnight, as transporters' unions have announced that they will join the day-long nationwide strike called by central trade unions against the Road Transport and Safety Bill, 2015



Construction
Prime Minister Narendra Modi woos Bihar with promise of development
Prime Minister Narendra Modi  woos Bihar with promise of development - Livemint
Modi says development will be the principal electoral plank in the upcoming assembly polls in Bihar


Construction
NSEL investor group asks Sebi to probe FTIL role in NSEL scam
NSEL investor group asks Sebi to  probe FTIL role in NSEL scam
Issues related to the firm siphoning off funds along with insider trading and stock price manipulation need to be probed by Sebi, the group says


Construction
Unishire raises Rs 126cr through issue of NCDs
Unishire raises Rs 126cr through  issue of NCDs
The funds raised will be utilised for clearing high cost debt, on-going projects construction and also for expansion, the company said in a statement...


Construction
Builders in unaffordable Mumbai, Delhi markets to face challenging environment over next 12 months: Moody's
Builders in unaffordable Mumbai,  Delhi markets to face challenging environment over next 12 months: Moody's
Moody's Investors Service said that India's largest property developers will continue to face a challenging operating environment over the next 12 months..



Marketing
Mullen Lowe Lintas Group hires Sriharsh Grandhe to head LinEngage : Report
Mullen Lowe  Lintas Group hires Sriharsh Grandhe to head LinEngage : Report - Indiantelevision.com
Prior to joining LinEngage, Grandhe was with the WPP firm, Possible Worldwide Singapore as the engagement director. | Mullen Lowe Lintas Group hires Sriharsh Grandhe to head LinEngage | Indian Television Dot Com


Marketing
NetworkPlay to Exclusively Monetize Airtel Digital TV's Ad Inventory
NetworkPlay to  Exclusively Monetize Airtel Digital TV's Ad Inventory - Adage India
In addition to DTH advertising, SVG Media delivers performance, mobile and native advertising to digital marketers and advertisers. | NetworkPlay bags Airtel Digital TV's monetization mandate | Indian Television Dot Com


Marketing
2015: A Year of Apps in Advertising? : Report
Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities
In the last 12 months, app companies (they do not include Flipkart, Snapdeal and Myntra who have made a transition to apps) have allocated huge marketing budgets towards mass media advertising.


Marketing
India accuses Google of stifling competition : Report
Indian authorities have accused internet giant Google of abusing its dominance in search advertising.



Politics
RSS likely to discuss census, OROP at three day meet, PM Modi likely to attend

The three-day coordination meeting of RSS and its affiliates will be bigger than usual and issues like census figures and OROP may come up for discussion during the exercise which Prime Minister Narendra Modi is likely to attend.

Politics
Arun Jaitley is also right on OROP, but the issue needs a compromise solution

With every passing day, the issue of OROP - one rank, one pension for retired armed forces personnel - is likely to become more unsolvable.

Politics
PM Modi's shallow remarks at Bhagalpur a result of falling GDP, Sensex: Nitish Kumar

Bihar Chief Minister Nitish Kumar on Tuesday attacked Prime Minister Narendra Modi over his remarks on "package" saying he made "shallow" comments.

Politics
Renaming Aurangzeb Road is trying to rewrite Delhi's history, please intervene: Sharad Yadav writes to PM Modi

JD(U) voiced its reservations about NDMC decision to rename Aurangzeb Road after former President APJ Abdul Kalam, and requested Prime Minister Narendra Modi to intervene into the matter saying it will open "pandora's box".


Sports
India clinch final Test to win series in Sri Lanka after 22 years

New-look India win series in SL after 22 years— their first on foreign soil since 2011 — in thrilling fashion.

Sports
India vs Sri Lanka, Day 5 Stats: Ishant Sharma joins 200 club

Ishant Sharma is the eight Indian bowler and the fourth speedster to complete 200 wickets or more in Tests.

Sports
Ishant, Chandimal handed one-match bans
Ishant Sharma and Dinesh Chandimal have been handed one-match suspensions for their behaviour in the SSC Test

Sports
L Devendro Singh enters Asian Championships semis, qualifies for Worlds

Devendro Singh out-punched Cornelis Kwangu Langu of Indonesia 3-0 in his quarterfinal bout.


Entertainment
Bill Murray credits Wiig, McCarthy for 'Ghostbusters' cameo

Bill Murray was skeptical about being a part of "Ghostbusters" reboot, but Kristen Wiig and Melissa McCarthy changed his mind.

Entertainment
Hansal Mehta's 'Aligarh' to screen at BFI London Film Festival

National Award-winning filmmaker Hansal Mehta's upcoming film "Aligarh" will be screened at the 59th BFI London Film Festival.

Entertainment
Amitabh Bachchan resumes Twitter, supports Dharavi kids' effort

Megastar Amitabh Bachchan is back on micro-blogging site Twitter after it was hacked and adult sites were planted on it.

Entertainment
'House of Cards' director James Foley to direct 'Fifty Shades' sequel

James Foley has been officially confirmed to direct the "Fifty Shades of Grey" sequel.


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