March 14, 2016 - Paytm's Rs 300 crore loan from ICICI Bank reflects slowdown in VC investing

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk They are boring. They are useless. Everyone hates them, so why can't we stop having meetings? This New York Times article explores this issue. You can make a whole career of planning, holding and attending meetings and never dare contemplate the possibility of your being exempt. They can't be avoided, but maybe they can be made bearable. Perhaps Paul Graham's prescription for the only kind of "allowable meeting" is a starting point. "There are no more than four or five participants, and they know and trust one another. They go rapidly through a list of open questions while doing something else, like eating lunch. There are no presentations. No one is trying to impress anyone. They are all eager to leave and get back to work." - Comment Digital Paytm's Rs 300 crore loan from ICICI Bank reflects slowdown in VC investing Paytm has taken a loan of close to Rs 300 crore from ICICI Bank in two tranches, a move that analysts say reflects the slowdown in venture capital (VC) investing. Advt: View your FREE Gartner presentation: How to Take a First Step to Advanced Analytics This presentation will provide you with the fundamental information you need to understand the requirements for getting started with advanced analytics, and planning for the new skills and tools needed. In this presentation Gartner Research Director, Lisa Kart will answer a number of key questions including: • What are best practices to get advanced analytics initiatives off the ground? • What are the choices for Hadoop architecture and deployment?   Digital Snapdeal to hike salaries by 20% for top performers The increase , effective from April 1, will also include ESOPs for the top performers. Digital Silicon Valley abuzz with augmented reality/virtual reality, but what about India At the TED 2016 conference in Vancouver a couple of weeks ago, Steven Spielberg and Harrison Ford stepped into The Void, a interactive virtual reality experience. Advt: Improve your Strategic Plans using the Gartner Predicts tool. Last date for Early Bird Discounts for IODC 2016. Register Today! Gartner analysts share their top predictions for 2016 and beyond. As the digital wave advances, Gartner analysts discuss the future of I&O and its implications for end-user organizations and solution providers. Use Gartner Predicts as planning assumptions on which to base your strategic plans.   The Responsible Business Summit Asia 2016 - Empowering Suppliers & Engaging Customers Leverage value chain opportunities and minimise supplier risks to ensure business longevity. The Responsible Business Summit Asia 2016 will bring together leading supply chain, procurement and sustainability professionals to discuss and understand why value chain sustainability is vital for commercial growth. Digital Ola to expand auto service to eight more cities Unlike taxis, where Ola faces stiff competition from Uber, the auto segment is largely unexplored by the taxi aggregation service providers Digital Xiaomi bets on India's e-commerce boom to help offset slowing sales at home Chinese smartphone maker Xiaomi is betting on an e-commerce boom in India to help offset slowing sales at home. Digital New type of pitch session emerging: Now investors participate in startup pitches In the startup world, everyone is familiar with the pitch events - entrepreneurs pitching their idea to investors, and reverse-pitch events - representatives of venture funds pitching to entrepreneurs. Retail Flipkart takes Uttarakhand to court for taxing ebuyers Flipkart has sued the state of Uttarakhand for its decision to impose a 10% entry tax on goods purchased through ecommerce. Retail Go for bespoke in suits: Patrick Grant The creative director of Savile Row’s Norton & Sons on blending Western and Indian aesthetics in a suit Retail Apple resubmits proposal for single-brand retail stores, Xiaomi applies Apple had filed a proposal in January seeking permission for single-brand retailing and sell products online, but DIPP had sought more information Retail A look at five offbeat food ventures which are experimenting with new ideas One good thing about living in India now — when interest in food as entertainment is at an alltime high — is the potential to innovate and monetise that passion. Telecom Micromax, once the rising star of India's smartphone market, struggles A year ago, Micromax vaulted past Samsung Electronics to become India's leading smartphone brand. Today, its market share has nearly halved, several top executives have resigned, and the company is looking for growth outside India.   Telecom Telecom companies seek rollback of plan to levy service tax on spectrum allocation A group of telecom companies has termed the Union Budget proposal to levy service tax on spectrum allocation "punitive and ....   Telecom Use customer funding to get your start-up venture off the ground In 2015 entrepreneurs around the world were mesmerised by the rapidly growing number of private companies – some 229 at last count in January 2016 – that had reached valuations of US$1 billion or more, based on the pricing at which they had successfully raised investment capital.   Telecom Vodafone trails Airtel in 4G speed on lack of waves “Airtels larger 4G spectrum allotment appears to be helping it to provide much higher data speed than Vodafone, the US brokerage said. Finance Why the banks are in such a mess Bank loans outstanding to infra and metals sector currently account for over half the total loans outstanding to industry. It wasn’t always this high Finance What’s next, Mr Vijay Mallya? Hounded by investigation agencies, Mallya left India on 2 March. Now, there are three possible scenarios in this case Finance After NSEL, it’s start-up dreams for Jignesh Shah NSEL scam accused is attempting to build two new tech platforms—JS Innovation Lab and Startup Networkz—to offer incubation, other facilities to start-ups Finance Indian market norms much more robust; P-Notes well covered: Sebi Areas where challenges remain include those involving high-frequency trades and the commodities derivatives Software Micromax, once a rising star, struggles In Micromax's slide to second place is a tale of the promise and peril of India's booming but hyper-competitive smartphone industry. Software UK's Campden Wealth joins hands with Patnis to enter India Campden Family Connect, a JV between Patni’s family office RAAY Global Investments and Campden Wealth will have Indian members with assets worth $30 million and above Software Android Marshmallow coming to Xperia Z5, Z5 Premium and Z3 Plus “If you have #Xperia Z3+ / Z5 / Z5 Premium - it's " M for the weekend " time. #India \m/ :)” Software Channel Partners account for 40% of Dell's sales in India Almost two years after Dell revamped its go-to-market strategy, channel partners account for 40% of the American computer technology companys sales. Ecommerce Contract management software company Icertis raises $15 million; to use the funds to expand global operations and invest in marketing Icertis, which earlier raised $6 million, plans to use the funds to expand global operations and invest in marketing Ecommerce Snapdeal to roll out annual salary hikes of 20 per cent and above for its top performers as part of its efforts to become a "meritocracy-led" organisation The increase, effective from April 1, will also include ESOPs for the top performers. Ecommerce HC slams UP tax department for taking money from Flipkart in lieu of VAT dues A bench of justices Vinod Kumar Misra and Tarun Agarwala also imposed Rs 2 lakh cost on the erring tax officer and ordered him to pay the money to Flipkart. HR India needs 115 million non-farm jobs over next decade: President Pranab Mukherjee President Pranab Mukherjee has said Indian economy needed to generate 115 million non-farm jobs over the next decade to reap 'demographic dividend'. HR Human Resources for the global stage Let's look at some perspective from Vijayaraghavan Pisharody General Manager, Human Resources and Corporate Communication, Stempeutics Research and Smita Ranjan - HR Lead at Value Labs. Employee Engagement: I was recently speaking to a mother of a new-born child and there it reminded me that like parenthood, talent management and leadership will never be a complete science or art. HR Round-the-clock performance review Why some companies are saying goodbye to annual performance reviews HR Malaysia bans recruitment of foreign workers Malaysia banned the recruitment of new foreign workers after widespread criticism of its decision to bring in 1.5 million Bangladeshis to work in the country. Logistics Pakistan throws spanner in SAARC road connectivity plans again, decided to take it slow on on construction The ambitious motor vehicle pact intends to allow free movement of vehicles – both passenger and cargo – through SAARC member countries Logistics India to harness 50000 km of sea and river fronts, to generate funds to revolutionize waterfronts: Nitin Gadkari Parliament, by passing the crucial bill to declare 111 rivers across the country into National Waterways last week, has paved the way for development of these stretches as transport carriers Logistics Indian Railways to wash blankets after every use as the newly designed blankets are made of soft fabric and easy to handle Smelly blankets may soon become a thing of past on trains, with the railways deciding to wash them after every use. As per the plan, newly designed lightweight blankets made of soft fabric will replace the existing ones and these will be washed after every use, a first in railways. Logistics Indian Railways Tatkal Booking scheme: From refunds to restrictions, all you want to know in 8 points Indian Railways Tatkal Booking scheme: With a view to provide reservation to those passengers who have to undertake journey at a very short notice or an emergency and to save them from the clutches of unscrupulous elements/touts, Tatkal Reservation Scheme was introduced in December, 1997. Initially this scheme was available only in around 110 trains and mainly in Sleeper Class. At that time an extra coach was to be attached for this purpose. This scheme was thoroughly revised in August 2004 and some modifications were made from time to time. Here is all you want to know about Tatkal Booking scheme in 8 points: Construction Lucknow Development Authority suffers loss of Rs 30.88 crore: CAG LDA awarded the work of construction of Group Housing Schemes in contravention to the Central Vigilance Commission guidelines and incurred avoidable e.. Construction Designated 'Smart City' will get vehicle technology boost in USA NXP and partner Cohda Wireless will give the winning "Smart City" wireless communication modules that allow cars to securely exchange data like hazard.. Construction Mallya has up to 1 year to buy house properties in Nepean Sea road, Goa and Delhi at 10% discount Mallya has the option to buy ‘Niladri’ his residence in Nepean Sea Road along with two other large properties in Goa and Delhi at a 10% discount .. Construction Illegal construction in Pune scare in regularization decision Activists accused the government of playing populist politics at the cost of lives of citizens and encouraging unauthorized constructions Marketing Mercedes-Benz pumps adrenaline in marketing drive : Report India's largest luxury car maker Mercedes-Benz, kick-started its customer engagement programme — LuxeDrive — in Kolkata on Sunday. The event which focuses on adrenaline, gourmet and design offers a distinguished luxury brand experience to existing and prospective customers through thrilling drive experiences in the car, cuisine and fashion.   Marketing SaaS, A perfect storm brewing for India : Report Girish Mathrubootham launched his start-up Freshdesk five years ago along with Shan Krishnasamy, in a small conference room of his friend's office in Velachery, a residential area in South Chennai. H Marketing Low crude oil prices help BPCL's marketing business, make analysts bullish on stock BPCL has been a major beneficiary of the fall in crude oil prices and the resultant fall in underrecoveries in petroleum products. Marketing The mobile is the message Mobile will be the Job No. 1 for marketers who don't want to be left behind Politics RSS Supports Women's Entry To Temples, Changes Uniform From Khaki Shorts To Brown Trousers Women seeking entry into the sanctum sanctorum of various Hindu temples in India have found an unlikely ally in the Rashtriya Swayamsevak Sangh. The right-wing ideological organisation signalled a shi Politics Watch: I Have More Sikhs In My Cabinet Than Modi, Says Canadian PM The fact that the Canadian Prime Minister Justin Trudeau is a champion for the Sikh community is widely known. He has been spotted busting a few mean bhangra moves and visiting Gurdwaras several ti Politics “It’s actually a land-grab in the name of a festival”: An interview with Vimlendu Jha On 9 March 2016, the National Green Tribunal (NGT), a special tribunal conceived in 2010 to handle cases pertaining to environmental issues, ordered the Art of Living (AOL) foundation—headed by the spiritual leader Ravi Shankar—to pay an initial environmental compensation of five crores for the damages inflicted to the Yamuna river by the World Culture … Continue reading “It’s actually a land-grab in the name of a festival”: An interview with Vimlendu Jha Politics Shripad Naik Says RTI Response On Not Hiring Muslims Is 'Bogus' Update No. 2: The ministry of Ayush has denied that it had issued the RTI response that Milli Gazette has published. Milli Gazette continues to stand by its story, saying the reporting involved multip Sports India heavy favourites to win ICC World T20 Having won 10 of 11 last T20Is, India are favourites to lift the ICC World T20 trophy boosted by a strong squad and all-round balance. Sports ICC World T20: The love we get in India is more than Pakistan, says Shahid Afridi The Pakistani team touched down in Kolkata on Saturday night after getting government clearance to travel. Sports ICC World T20: India cricket team reaches Nagpur for first match against New Zealand MS Dhoni, Yuvraj Singh, Rohit Sharma and Harbhajan Singh are the only lasting members from the victorius 2007 team. Sports Dedicate my win to Pathankot terror attack martyrs, says Vijender Singh Vijender Singh put up another dominating show to knock out Hungary's Alexander Horvath in under three rounds. Entertainment Deepika Padukone goes house-hunting with Ruby Rose Deepika Padukone took out time from her shooting schedule of her Hollywood debut film “xXx: The Return of Xander Cage" to help her co-star Ruby Rose find the right house. Entertainment ‘Piku’, ‘Talvar’ have been special to me: Irrfan Khan Irrfan Khan said, "'Piku' and 'Talvar' have been special to me and I am happy that I have been nominated." Entertainment Megastar Amitabh Bachchan roams in Delhi without being recognised Amitabh Bachchan, who is shooting in the capital, went incognito and walked on the streets of Delhi without being recognised. Entertainment Receiving lot of love from people of Iran: Dia Mirza Dia Mirza, who will soon be seen in an Indo-Iranian film titled 'Salaam Mumbai!', says that she has been receiving a lot of love from the people of Iran. 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