Tuesday, December 1, 2015

December 1, 2015 - This is big! Quikr all set to acquire real-estate portal CommonFloor for $200 million

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Blog
Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
As I was reading through Kashyap Deorah's interesting debut book, 'The Golden Tap', it struck me that there are 2 kinds of startups in India right now. There's the 'X for India' startup, eg: Uber for India, Amazon for India, Alibaba for India, etc. Not taking away from the hard work required to build these, these are 'market bets' that VCs are more willing to take a risk on. The founding team needs to be good, but that's a hygiene factor. So IITians are a safe bet (gives comfort to the VCs). Complimentary cross-disciplinary founders are good. Past experience is ok, but not required. So now that I can rationalize how 25 year olds are raising hundreds of millions of dollars, the world feels normal again. The other type of startup is the one which has no parallel in the US or China. Justdial comes to mind. It had a much longer journey to success. Also, Freecharge, which was a relatively quick success, but it had extraordinary metrics (Growth, CAC, etc). Ultimately, extra-ordinary metrics always work. And not the kind where you give away Rs 100 to make Rs 80, unless it's an 'X for India' model with a large market, in which case even that is allowed - Comment


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Digital

Digital

Digital
Bike-as-a-taxi service Baxi raises $1.5 million in seed round
Bike-as-a-taxi service Baxi  raises $1.5 million in seed round - Iamwire
Indian startups are starting a bike taxi trend. 74 BC Technologies Pvt Ltd, which is going to launch its bike-as-a-taxi service under the …


Digital

Retail
6 Global Gamechangers Revolutionising Multi-Brand Retail
6 Global Gamechangers  Revolutionising Multi-Brand Retail - The Business of Fashion
The Business of FashionFrom Mumbai to Baku and Lagos to Jakarta, the more exceptional among them more than mere vehicles for tapping newly wealthy consumers now serve as essential anchors for their local fashion scenes. Operating in some of the most dynamic ...

Retail
LVMH's biggest watch brand Tag Heuer shutting its India office
LVMH's biggest watch brand  Tag Heuer shutting its India office - Economic Times
Luxury group LVMHs biggest watch brand Tag Heuer is shutting its India office, deciding to leverage its existing partnership with a local agent.

Retail

Retail
Welcome to the Future: Amazon Previews Drone Delivery Service (VIDEO)
The drones, weighing 55 lbs. can carry packages up to 5 lbs. and use "sense and avoid technology" to avoid obstacles on the ground and in the air


Telecom
Bharti Airtel to Spend $9 Billion to Improve Mobile Network in India
Bharti Airtel to  Spend $9 Billion to Improve Mobile Network in India - Wall Street Journal
India’s largest cellular operator, Bharti Airtel, plans to spend $9 billion to improve its mobile data network in the country.


Telecom
How Airtel will continue telecoms growth
How Airtel will continue  telecoms growth - Telecom Lead (registration) (blog)
Telecom network operator Bharti Airtel has 325 million wireless subscribers globally. It achieved more than 1.23 trillion minutes of calls in fiscal 2015 and over 333 petabytes of data over the last year – riding on over 175,000 base station sites. Bharti Airtel started the journey in Indian telecom market in 1998 when it announced


Telecom
Telecom sector to see consolidation, rise in debt: India-Ratings
Telecom sector to see  consolidation, rise in debt: India-Ratings - Economic Times
With increase cost of spectrum acquisition and heavy cash need for setting up of infrastructure for mobile internet amid lower profitability, Indian telecom sector is expected to witness consolidation and rising debt, said India Ratings and Research


Telecom
Telecom, I B ministries to use broadcast airwaves for mobile services
Telecom, I B  ministries to use broadcast airwaves for mobile services - Times of India
The ministries of telecom and information and broadcasting have agreed to use over 200 MHz spectrum earmarked for broadcasting services, the majority of which is with Doordarshan, for advanced mobile services.



Finance
India’s reluctant banker Aashish Bhinde is king of $10 billion in Internet deals
India’s reluctant banker  Aashish Bhinde is king of $10 billion in Internet deals - Livemint
Aashish Bhinde’s 19-person team at Avendus Capital has advised on more Internet deals than any other bank, according to Bloomberg data


Finance
Indian Start-ups: Perks and sops aim to halt exodus
Indian Start-ups: Perks and sops  aim to halt exodus - The Indian Express
Aim of a new policy is to improve capital access, encourage innovation and urge states to act as incubators for ‘innovative start-ups’.


Finance
Sebi green light for exchange IPOs
Sebi green light for exchange  IPOs - Business Standard
Proposes regulations for green bonds and private debt placement offering online


Finance
India's renewable energy push unlikely to help bridge development deficit
India's  renewable energy push unlikely to help bridge development deficit - Economic Times
Foreclosing the option of using coal doesnt look like much of an option. “Coal will continue to be the mainstay of Indias energy basket.




Software
ITeS, software companies inking most advanced pricing pacts: CBDT
ITeS, software  companies inking most advanced pricing pacts: CBDT - Times of India
CBDT, however, from quantifying the specific number of APAs entered into or applied for by the two business sectors out of the total 580 applications that tax authorities have received since the scheme was launched in 2012.


Software
Only 2% Indian firms spent substantially on their cybersecurity budget this year: KPMG report
Only 2% Indian firms spent  substantially on their cybersecurity budget this year: KPMG report
As many as 72% Indian companies faced a cyberattack this year, even as cyber criminals got ever more aggressive and sophisticated.


Software
Wireless charging is evolving; and seems to be the way to go according to PowerSquare
Wireless  charging is evolving; and seems to be the way to go according to PowerSquare
We spoke to Pavan Pudipeddi, a wireless power industry veteran who helped build PowerSquare to shed some light on what’s latest in wireless charging.


Software
Lenovo partners with Razer to build ‘Razer Edition’ gaming systems
Lenovo partners  with Razer to build ‘Razer Edition’ gaming systems
Lenovo and Razer have unveiled their first-ever gaming desktop prototype at DreamHack Winter 2015. It will be officially launched at CES 2016.



Ecommerce
Following Flipkart footsteps, Myntra re-launches its mobile site after eight months
Following Flipkart footsteps,  Myntra re-launches its mobile site after eight months - Economic Times
Flipkart owned fashion retailer Myntra is now relaunching its mobile website, after shutting it down on May 15th this year. Parts of the mobile website have

Ecommerce
ChargeBee partners WorldPay to provide global subscription payments
MIS Asia offers Information Technology strategy insight for senior IT management - resources to understand and leverage information technology from a business leadership perspective

Ecommerce
Flipkart comes up with 'brand story ad format' for better customer engagement
Flipkart comes  up with 'brand story ad format' for better customer engagement - Economic Times
Flipkart has introduced native advertising for companies to engage better with customers on its mobile platform, including for brands that do not sell through it.

Ecommerce
Patel Logistics raises funds from Mauritius-based asset manager Frontline Strategy
The Mumbai-based firm, which has tied up with e-commerce giant Amazon, will use the funds to open new offices across the country .


Franchise
Franchisee Journey: From director of operations for Baskin-Robbins to Baskin-Robbins franchisee
Franchisee Journey: From  director of operations for Baskin-Robbins to Baskin-Robbins franchisee - Entrepreneur
Chris Locher spent five years as director of operations of the chain's Eastern Region. Now, he's in business for himself -- with his wife and daughters as partners.


Franchise
How to Keep Your Data Safe While Shopping Online During the Holidays
How to Keep Your Data Safe While  Shopping Online During the Holidays - kwwl.com
The holiday shopping season is underway and there are deals galore on the Web.


Franchise

Franchise
Snapdeal to continue discount-heavy sales during Christmas and new year
Snapdeal to  continue discount-heavy sales during Christmas and new year - Economic Times
The web and mobile-based retailer will continue to roll out its discount-heavy sales as per schedule during the festive season.



HR
Haryana to soon recruit 1730 faculty members
In order to tackle the shortage of faculty members in the education department, the state government would soon recruit 1,730 Associate Professors, for which a requisition letter has already been sent to the Haryana Public Service Commission.


HR
Foreign `Gian' gain for leading campuses
Students at leading campuses like the IITs, NITs, IIITs, IIEST, IISc and even the best central and state universities that have been accreditated with Grade A, may get the best taste of foreign education without needing to leave the country .


HR
Tech firms threaten to stall expansion
Multinational companies with a significant pres ence in Whitefield and Outer Ring Road have warned they will stall expansion plans and investments could leave the city, if the traffic situation does not improve in Bengaluru.


HR
Railway plants in Bihar to boost manufacturing, jobs: Arun Jaitley
Railway plants  in Bihar to boost manufacturing, jobs: Arun Jaitley - Daily News Analysis
Railway plants in Bihar to boost manufacturing, jobs: Arun Jaitley - Terming it as the "first major" manufacturing investment in Bihar, Finance Minister Arun Jaitley said setting up of diesel and electric locomotive factories will benefit farmers.



Logistics

Logistics
GST likely to be a huge boon for India; it may make for double-digit growth on the market
GST likely to be a huge boon for  India; it may make for double-digit growth on the market - Economic Times
"GST is one of the biggest reforms India has seen since 1991. It is going to be very important. It would be welcome even if it came after some more delay."


Logistics
DGCA flight inspectors once again fly for their airlines too
DGCA flight inspectors once  again fly for their airlines too - Hindustan Times
Pilots engaged by the Directorate General of Civil Aviation (DGCA) to carry out safety inspections on private airlines continue to retain benefits of the ones they have been hired from and even operate their flights


Logistics
Gulf airlines eye stake in India's low-cost carrier SpiceJet; Etihad has a stake in 8 airlines already, Qatar also in fray
Gulf airlines eye stake in  India's low-cost carrier SpiceJet; Etihad has a stake in 8 airlines already, Qatar also in fray - Al-Bawaba
NEW DELHI (NewsRise) -- Indian airlines, led by InterGlobe Aviation's IndiGo, Jet Airways India and SpiceJet, are stepping up fleet expansion plans as



Construction
No hike in guidance value of Bengaluru properties till budget says State government
No hike in  guidance value of Bengaluru properties till budget says State government - Economic Times
The government usually revises the guidance value in November and this year, the government has postponed, according to officials sources, by three months.


Construction
Is buying real estate overseas advisable?
Is buying real estate overseas  advisable? - Livemint
Buying a property abroad may seem attractive, however, adhering to tax rules can be difficult


Construction
Quikr to acquire Commonfloor
Quikr to acquire Commonfloor -  Livemint
Both the e-commerce firms have a common investor in Tiger Global which is consolidating its investments in the online real estate sector


Construction
Square Yards sells 450 apartments at Bangalore Emprasa Smart City in 3 days
Square Yards  sells 450 apartments at Bangalore Emprasa Smart City in 3 days - ET Realty
The company had conducted a global launch of the project over the weekend from November 27th to 29th simultaneously in 7 countries in 10 cities – Lo..



Marketing
CommonFloor likely to be acquired by Quikr : Sources
CommonFloor likely to be  acquired by Quikr : Sources - Medianama
Commonfloor has informed MediaNama that it is currently in the process of raising funds and it has multiple options on the table. This statement follows a story in VCCircle which states the company is finalizing a deal to be acquired by Quikr for $112 million in a stock and cash deal. NextBigWha


Marketing
Myntra relaunching mobile site : more open approach than Flipkart
Myntra relaunching mobile site :  more open approach than Flipkart - Medianama
Flipkart owned fashion retailer Myntra is now relaunching its mobile website, after shutting it down on May 15th this year. Parts of the mobile website have gone live: using their mobile browser, users are currently able to view, for example, the catalog for sarees (click here) and shirts (click


Marketing
Safe Sex Emoji, Durex's Gift to the World of Emojis : Report
Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities


Marketing
Mukherjee says Amul milk marketing movement is pride of India : Report
Mukherjee says  Amul milk marketing movement is pride of India : Report - NetIndian
President Pranab Mukherjee today said Amul, the cooperative milk marketing movement which has turned India into the largest milk producer in the world, was truly the pride of the nation.



Politics
Remark on Emergency, Satanic Verses: Why Chidambaram is likely to escape reprimand from Congress
Remark on Emergency, Satanic Verses: Why  Chidambaram is likely to escape reprimand from Congress
Why is the senior Congress leader P Chidambaram not likely to be reprimanded by the party high command for his remarks on the imposition of Emergency in 1975 and the ban on Salman Rushdie’s controversial book The Satanic Verses in 1988? If the Congress leaders are to be believed, the party is neither worried nor embarrassed by the former finance minister’s statement made on 28 November at the Times LitFest in Delhi.


Politics
CPM lawmaker dares Rajnath Singh over magazine quote that wasn’t; Outlook admits mistake
CPM lawmaker dares Rajnath Singh over magazine  quote that wasn’t; Outlook admits mistake
Rajnath challenged Salim saying he never made this statement and the MP must authenticate where and when he had made it, else apologise to him and the House for making an irresponsible statement.


Politics
Intolerance debate: Cong banned books to protect image of dynasty, says Meenakshi Lekhi
Intolerance debate: Cong banned books to protect image  of dynasty, says Meenakshi Lekhi
BJP MP Meenakshi Lekhi on Monday lambasted the Congress party while also targetting the ones resorting to return their awards to highlight the 'intolerance' in the country under Prime Minister Narendra Modi-led government.


Politics
Rajnath Singh Probably Did Not Say Modi Was The First Hindu Ruler In 800 Years
Rajnath Singh Probably Did Not Say Modi Was The First Hindu  Ruler In 800 Years
Parliament has been adjourned after CPIM's Mohammed Salim attributed a contentious remark to home minister Rajnath Singh--That Modi was the first Hindu Prime Minister in 800 years. It's certainly a st



Sports
Barcelona file complaint against former Real Madrid players
Barcelona file complaint against former Real Madrid players
Barcelona were irked with the way the former players tried to justify Isco's heated confrontation with Neymar in El Clasico.


Sports
Chris Cairns cleared of perjury charges by London court
Chris Cairns cleared of perjury charges by London court
Chris Cairns was said to have perverted the course of justice by trying to convince Lou Vincent to provide a false statement.


Sports
Indians fight but falter at ITF Junior Tennis Championships
Indians fight but falter at ITF Junior Tennis Championships
Anurag Nenwani scored a 7-5, 6-0 win to oust Georgian David Chelidze in the opening round and top seeded Lithuanian Robert Wrzesinski went through a tough time tackling Dev Javia before winning 4-6, 6-2, 6-0.


Sports
Sourav Ganguly to feature in Masters Champions League
Sourav Ganguly to feature in Masters Champions League
The league will feature only retired international players like Brain Lara, Adam Gilchrist, Wasim Akram and others.



Entertainment
Good Jennifer Lawrence spoke up about gender pay-gap: Carey Mulligan
Good Jennifer Lawrence spoke up about  gender pay-gap: Carey Mulligan
Actress Carey Mulligan is impressed with Jennifer Lawrence for starting a discussion about the pay disparity between male and female actors in Hollywood.


Entertainment
I don’t sleep at night, I work 16 hours a day: Priyanka Chopra
I don’t sleep at night, I work 16 hours a day:  Priyanka Chopra
Priyanka Chopra said, "I do make money. And I work very hard to earn this money. I don’t sleep at night, I work 16 hours a day."


Entertainment
Ranveer Singh auditioned for ‘Bhaag Milkha Bhaag’: Rakeysh Omprakash Mehra
Ranveer Singh auditioned for ‘Bhaag Milkha  Bhaag’: Rakeysh Omprakash Mehra
Rakeysh Omprakash Mehra has revealed that actor Ranveer Singh had auditioned for "Bhaag Milkha Bhaag" but Farhan Akhtar was found more appealing to the role.


Entertainment



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