Tuesday, September 22, 2015

September 22, 2015 - Rocket Internet looking to sell money-losing Jabong; Paytm, Aditya Birla Group among potential buyers

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Digital
Rocket Internet looking to sell money-losing Jabong; Paytm, Aditya Birla Group among potential buyers
Rocket Internet looking to sell  money-losing Jabong; Paytm, Aditya Birla Group among potential buyers - Iamwire
Global Fashion Group (GFG) which operates fashion retail site Jabong in India, is in talks with mobile payments and commerce company …



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Digital

Digital
Financial products comparison portal Connectabank secures angel funding
Compare loan. check loan eligibility. Best Loans in India: Apply online. Lowest Interest Rates. Instant Loan Quotes.Instant e-Approval & Quick Disbursal.


Digital
Mobile marketplace DishCo gets angel funding from Anand Mahindra, Bookmyshow’s Ashish Hemrajani, and others
Mobile marketplace DishCo gets  angel funding from Anand Mahindra, Bookmyshow’s Ashish Hemrajani, and others - VCCircle
It plans to soon expand to Delhi, Hyderabad and Bengaluru. At last count, the startup had nearly 8,500 restaurants listed on its app.


Digital
Healthcare platform Portea Medical raises $37.5 million led by Accel Partners
Healthcare  platform Portea Medical raises $37.5 million led by Accel Partners - Iamwire
Portea Medical, an Indian home healthcare platform has received $37.5 million in Series B funding led by Accel Partners. International …


Retail
Jabong owner in initial talks with Paytm, others to sell online retailer
AB Kinnevik, the largest shareholder of Global Fashion Group, is speaheading the sale process and is reaching out to other potential suitors to sell Jabong

Retail
Retailers plan to move Delhi High Court after failing to get clarity from Centre on FDI
Retailers plan to move Delhi  High Court after failing to get clarity from Centre on FDI - Economic Times
“We did meet the government once and nothing happened after that. We will have to take a call as a group,” said Kishore Biyani.

Retail
Just Delivr to expand operations to 100 cities over next one year
Just Delivr to expand operations  to 100 cities over next one year - Economic Times
Noida-based hyperlocal grocery startup Just Delivr plans to expand its operations to 100 cities and 10,000 merchants over the next one year.

Retail
Fashion retailers to shell out 30-40% margin to marketplaces for online sales
Fashion  retailers to shell out 30-40% margin to marketplaces for online sales - Economic Times
In fact, with ecommerce in the country pushing fashion brands to give more than 15-20% discounts, it could also eat into their profit.


Telecom
'With 4M app developers, India will surpass US by 2018,' says Google's Rajan Anandan
'With 4M app developers, India  will surpass US by 2018,' says Google's Rajan Anandan - YourStory.com
Google and Tata Trusts have announced the launch of Android Nanodegrees program in India in partnership with Udacity.


Telecom

Telecom
Visa shelves mobile payment venture in India as telecom companies refuse to share their network
Visa shelves mobile payment  venture in India as telecom companies refuse to share their network - Economic Times
Visa, one of the largest payment companies in the world, has junked its mobile payment venture in India as telecom companies refused to share their network.


Telecom


Finance
Why ecommerce titans like Kunal Bahl, Sachin Bansal are becoming super angels for entrepreneurs
Why ecommerce titans like Kunal  Bahl, Sachin Bansal are becoming super angels for entrepreneurs - Economic Times
Reputed startup founders who are increasingly becoming the first port of call for entrepreneurs seeking money for their emerging businesses.


Finance
Why do most start-ups fail?
Why do most start-ups fail? -  Livemint
Because they fail to focus on converting visitors to heavy users


Finance
Swiss Bank group Julius Baer launches bank in India
Swiss Bank group Julius Baer  launches bank in India - Economic Times
The launch was deferred on account of a delay in approvals from a bevy of regulators and ‘complications in the deal, said the firms officials.


Finance
Microfinance companies may need Rs 2,000-crore in domestic equity to clear licence hurdles
Microfinance companies may need  Rs 2,000-crore in domestic equity to clear licence hurdles - Economic Times
Local investors had never shown a keen interest in this sector all these years while foreign private equity players made a killing.



Food/FMCG
Adani eyes 20% growth in Rs 20K crore agro biz; to expand portfolio
Adani eyes 20% growth in Rs 20K  crore agro biz; to expand portfolio - ET
Riding on its strong food products portfolio, Adani Enterprises is expecting more than 20% growth in sale proceeds, with volumes likely to reach five million tonnes.

Food/FMCG
VKC Nuts announces strategic association with American Pistachio Grower
VKC Nuts  announces strategic association with American Pistachio Grower - ET
From being sold loose through wholesale channels, nuts and dry fruits have now reached the modern retail shelves with its demand increasing remarkably.

Food/FMCG
Pin in burger, Wendy's faces food safety issues
Pin in burger, Wendy's faces  food safety issues - ET
Wendy's, one of the world's largest burger chains, has run into food-safety issues here after opening its first restaurant in Gurgaon.

Food/FMCG
Future of global companies lies with India Reckitt Benckiser CEO
Future of global companies lies  with India Reckitt Benckiser CEO - Jagran Post
New Delhi: With the international market facing turmoil and Chinese growth rate getting slow, Indian market became very important. Hygiene and healthcare products company Reckitt Benckiser's 15-member global board devised the future strategy last



Ecommerce
Flipkart buys back its logistics business from WS Retail in an effort to simplify its structure ahead of a possible IPO a few years later
The acquisition, ahead of a possible IPO, has been made through a new entity called Instakart Services Pvt. Ltd

Ecommerce
Shop CJ planns to invest about `150 crore in India during the current fiscal to expand its distribution network and improve the customer base
The New Indian Express
VISAKHAPATNAM : Home shopping platform Shop CJ is planning to invest about `150 crore in India during the current fiscal to expand its distribution network and improve the customer base. The company, which is backed by the domain leadership of Korea

Ecommerce
Jungle Ventures raises $65 million from Temasek, Singapores Thakral Family; to deploy the fund across 15-20 companies in the next 12-24 months
Jungle Ventures raises $65  million from Temasek, Singapores Thakral Family; to deploy the fund across 15-20 companies in the next 12-24 months - Economic Times
The VC firm is now looking to step up its pace of investments, deploying the fund across 15-20 companies in the next 12-24 months.



HR
Rajasthan government to provide 1.20 lakh new jobs: Vasundhara Raje
Aiming to create 15 lakh jobs in her five-year tenure, Rajasthan Chief Minister Vasundhara Raje today said that 1.20 lakh new government jobs would be...


HR
In a break from convention, spouse hiring gains wider acceptance
In a break from convention,  spouse hiring gains wider acceptance - Economic Times
Spouses working in the same organisation increase the level of employee stickiness. Most organisations are now more open to the idea of spouse hiring.


HR
Top 8 Stress-Free Well-Paying Jobs in India
Top 8 Stress-Free & Well-Paying Jobs in India - BENGALURU: What makes a job most favorable? A fat pay cheque, limited hours of work and of course, no work pressure. Though people...


HR
HP to layoff 30000 more jobs in enterprise business
HP to layoff 30000 more jobs in  enterprise business - The Indian Express
HP has decided to cut 30,000 more employees from the enterprise business ahead of split in November



Logistics
Infosys wins Rs1,380 crore contract form Govt. to build GST technology network and implement the same for 5 years
Infosys wins Rs1,380 crore  contract form Govt. to build GST technology network and  implement the same for 5 years - Livemint
Indian Government has created a new company called GST Network and Infosys will bear the responsibility of building and maintaining the technology network required for the system.


Logistics
Airlines may be allowed to handle ground operations under new civil aviation rule
Airlines may be  allowed to handle ground operations under new civil aviation rule - Economic Times
The change will be part of the new civil aviation policy, which will be put up in the public domain for discussions by the end of this month.


Logistics
GE's Jeff Immelt says keen to 'Make in India' in defence, transport energy sectors
GE's Jeff Immelt says keen to  'Make in India' in defence, transport energy sectors - Economic Times
Immelt termed India as Asia's growth driver, adding that the country offered a whole lot of room in manufacturing now compared to previous years.


Logistics
Transport Vehicles to go off the road next month due to All India Motor Transport Congress( AIMTC) strike for demands including a toll free India and removal of 2 % TDS
Transport Vehicles to go off the  road next month due to All India Motor Transport Congress( AIMTC)  strike for demands including a toll free India and removal of 2 % TDS - The New  Indian Express
 VIJAYAWADA:About 1.72 lakh goods transport vehicles in the country will go off the road next month with All India Motor Transport Congress (AIMTC) deciding to ...



Construction
Two-third of Mumbai's unsold homes over Rs 1 crore, beyond most home-buyers reach
Two-third of Mumbai's unsold  homes over Rs 1 crore, beyond most home-buyers reach - ET Realty
About 83 per cent of the housing units launched in the second quarter ended June fall in this price range, showed a JLL India study covering projects within M..


Construction
Malaysian firm MetTube buys The Leela Goa for Rs 725 crore from Hotel Leelaventure
Malaysian firm  MetTube buys The Leela Goa for Rs 725 crore from Hotel Leelaventure - ET Realty
Ceres Hotels Private Ltd, a wholly owned Indian subsidiary of MetTube, will acquire the property under a slump sale, subject to regulatory approvals..


Construction
Property portal Housing.com acqui-hires Plat BigBHK
Property portal Housing.com  acqui-hires Plat BigBHK - ET Realty
Plat is an online network for agents enabling them to share real estate inventories and requirements, while BigBHK is a property management software (PMS) tar..


Construction
ATS group spends Rs 1,300 cr to buy 125 acre in Noida
ATS group spends Rs 1,300 cr to  buy 125 acre in Noida - ET Realty
The company is in the process of raising funds to meet the land acquisition cost..



Marketing
India's 2015 ad growth to pip global average : Report
India's 2015 ad growth to pip  global average : Report - Business Standard
The year 2015 looks buoyant for the Indian advertising market as optimism continues to flood the market with growth prospects remaining high in the country, propelled by the election of a pro-business government in 2014 and the revival in investment. | Indian advertising market leads BRIC with 11% growth rate in 2015: Carat | Indian Television Dot Com


Marketing
Digital trends that will disrupt mobile marketing : Trends
Digital trends that will disrupt  mobile marketing : Trends - CIOL
Digital trends disrupting mobile marketing


Marketing
Housing continues buying spree as it acqui-hires Plat BigBHK : Report
Housing  continues buying spree as it acqui-hires Plat BigBHK : Report
Online real estate portal Housing.com has acquired Plat, a startup which operates an online network for agents where they can share real estate inventories and requirement. It has also acquired BigBHK, a property management software targeted at rentals suppliers. Following the deal, teams of bot


Marketing
Portea Medical secures $37.5M : from IFC and existing investors
Portea Medical secures $37.5M :  from IFC and existing investors
In-home healthcare and other medical services company Portea Medical has raised $37.5 million in a Series B round of funding led by existing investor Accel Partners, Ventureast and Qualcomm Ventures, and new investor International Finance Corporation (IFC), reports YourStory. The platform will u



Politics
BJP distances itself from Bhagwat’s remark, says it’s ‘not in favour of reconsideration of reservation’
BJP distances itself from Bhagwat’s remark,  says it’s ‘not in favour of reconsideration of reservation’
Under attack over RSS chief's call for a reconsideration of quotas, BJP on Monday distanced itself from its ideological mentor.


Politics
Mohan Bhagwat’s views on reservation are manifestation of anti-poor mindset: Congress targets BJP, Modi over RSS chief’s quota review remark
Mohan Bhagwat’s views on reservation are  manifestation of anti-poor mindset: Congress targets BJP, Modi over RSS chief’s quota review remark
Congress on Monday launched a hard-hitting attack on BJP-RSS and PM Narendra Modi over Mohan Bhagwat's call for review of reservation policy, saying it was a "manifestation of anti-poor mindset".


Politics
CBI to question Mayawati in NHRM scam? Just a red herring for some political give-and-take
CBI to question Mayawati in NHRM scam? Just a red  herring for some political give-and-take
There is little doubt that the CBI's deliberate and selective leakage of the news that it intends to interrogate Mayawati is a red-herring.


Politics
‘Rahul Gandhi is a machine of lies’: BJP slams Congress vice-president for baseless statements
‘Rahul Gandhi is a machine of lies’: BJP slams  Congress vice-president for baseless statements
BJP on Monday hit back at Rahul Gandhi over his attack on RSS, which the Congress vice president said did not accept different ideologies unlike his party, calling him a "machine of lies" and one who has become an "expert" in making baseless statements.



Sports
Kids and Sports: Can We Keep Our Eye on the Ball?
Kids and Sports: Can We Keep  Our Eye on the Ball?
Parents and coaches can take these steps to mitigate the negative outcomes of youth sports.


Sports
Jagmohan Dalmiya: The revolutionary who changed Indian cricket and world order
Jagmohan Dalmiya: The revolutionary who changed Indian  cricket and world order
Jagmohan Dalmiya was a revolutionary who changed Indian cricket and also the world order.


Sports
FA charges Diego Costa with ‘act of violent conduct’
FA charges Diego Costa with ‘act of violent  conduct’
Diego Costa went into a scuffle with Arsenal defender Gabriel who is also charged with 'improper conduct' by the FA.


Sports
South Africa in India: A bits-and-pieces cricketer, Gurkeerat Mann gets big break
South Africa in India: A bits-and-pieces cricketer, Gurkeerat Mann  gets big break
Gurkeerat Mann could be the perfect replacement for Ravindra Jadeja at No.7 slot.



Entertainment
Jon Hamm ‘finally’ wins best actor Emmy for ‘Mad Men’
Jon Hamm ‘finally’ wins best actor Emmy for  ‘Mad Men’
Jon Hamm's troubled ad man Don Draper from 'Mad Men' helped him win the outstanding actor in a drama series honour at the 2015 Emmy Awards, ending his eight years of quest for the coveted title.


Entertainment
Jon Stewart gets sweet goodbye with Daily Show’s wins at 2015 Emmy Awards
Jon Stewart gets sweet goodbye with Daily Show’s  wins at 2015 Emmy Awards
Host Jon Stewart could not have asked for a better farewell as "The Daily Show" bagged three major trophies, including the outstanding variety talk series, at the 67th Primetime Emmy Awards. Stewart, 52, ended his impressive 16-year "The Daily Show" stint last month.


Entertainment
Viola Davis becomes first black woman to win an Emmy for Best Drama Series actress, says her story doesn’t end this win
Viola Davis becomes first black woman to win an Emmy for  Best Drama Series actress, says her story doesn’t end this win
Viola Davis made history on Sunday (September 20) by becoming the first black woman to win an Emmy for best drama series actress, but said there is still work that needs to be done in getting more diverse stories on screen.


Entertainment
Julia Louis-Dreyfus wins fourth Emmy in a row for ‘Veep’
Julia Louis-Dreyfus wins fourth Emmy in a row for  ‘Veep’
Actress Julia Louis-Dreyfus was at her comedic best while accepting her fourth consecutive outstanding lead actress in comedy series trophy for "Veep" at the 2015 Emmy Awards.




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