April 11, 2016 - Surge pricing ends in Karnataka, Ola and Uber may hike regular fares

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk One of the key business opportunities that will open up in the next decade are services to help big companies use Artificial Intelligence to improve operations. Some of the cutting edge AI work is being done at companies like Google and Facebook. While they figure out how to get automated cars and chat-enabled commerce to work, there are AI led improvement opportunities in virtually every industry. Artificial Intelligence will help reduce inefficiencies and improve customer satisfaction in sectors ranging from power to telecom to retail, but these companies will need external help to do this. Who will take the lead in helping firms figure this out? Infosys, Wipro, TCS, Cognizant, are you listening? - Comment Digital Surge pricing ends in Karnataka, Ola and Uber may hike regular fares On Thursday , a day after the official announcement about capping fares at Rs 19.50 for AC cabs and Rs 14.50 for non-AC cabs, both Uber and Ola stopped surge pricing. Announcing the Bengaluru edition of Techcircle Startup 2016; registrations open now The Bengaluru edition of Techcircle Startup will provide a comprehensive insight on the startup ecosystem in and around Bengaluru bringing together cutting-edge and disruptive early-stage startups, current and potential investors, angels, seed funds, incubators, accelerators & mentors, along with many of India’s most active VC/PE funds. Digital Zomato rival Burrp targets Rs 150 crore in revenue by March 2019 The food-tech company is also aiming to facilitate transactions worth Rs 1,000 crore through its platform in the same period. Digital New transfer protocol to simplify transactions for e-wallet firms like Paytm, Mobikwik “UPI will bring easier and cost effective methods to load money in Paytm,” said Vijay Shekhar Sharma, CEO, Paytm. Advt: The Power of a Great Digital Hospitality Experience A tsunami of game-changing digital disruptors has swept into the hospitality industry, raising the stakes in delivering the supreme guest experience. Join Chinmai Sharma, Chief Revenue Officer, Taj Hotels Resorts and Palaces, at Adobe Symposium to get insights into how Taj Hotels plan to bring alive experiences directly from each of their fantastic hotels to screens around the world with breathtaking velocity. Complimentary Registration (for TradeBriefs subscribers).   Digital Enterprise software maker Wingify invests in B2B marketplace Vegfru Enterprise software makers Wingify made an undisclosed investment in Vegfru, an online B2B marketplace for fruit and vegetable trade. Digital Japan's largest e-commerce marketplace Rakuten sets up office in Bangalore; poaches mid-level execs from Flipkart, Amazon Promising as the Indian ecommerce market seems, it would be challenging for Rakuten or any other newcomer to establish itself in the space. Digital Micromax, TranServ, Visa partner for digital payments solutions Micromax, TranServ and Visa, today announced a strategic partnership to offer payments solutions in India. Retail Alibaba surges ahead of Walmart as world's largest retailer In 2014-15, Walmart had an overturn of $485 billion. But the figures have dropped significantly this year, providing Jack Ma to assert his dominance. - Retail UAE retail chain Lulu group to invest Rs 5000 crore in India in next 4 years International Business Times, India Edition articles  Retail Reliance Retail looks to reinvent itself Under consolidation plan, Reliance Super and Reliance Mart will be brought under one brand—Reliance Smart Retail Japan's Rakuten opens office in Bengaluru; poaches mid-level managers from Flipkart, Amazon Promising as the Indian ecommerce market seems, it would be challenging for Rakuten or any other newcomer to establish itself in the space. Telecom With no 3G or 4G services and limited presence, Telenor may exit India telecom business The company's India experience has been fraught with disappointment, given that it has invested over $3 billion since 2008-09 in trying to build a business in the country. Telecom Opportunities galore in India job market: Korn Ferry Hay Group Confident about continuing growth opportunities for the Indian job market, US-based consultant giant Korn Ferry Hay Group feels the outsourcing story is no more about cheap labour and the key drivers going forward will be value addition and technology. Telecom Dial-a-deal: Bharti Airtel buys pan-India 4G presence The deal comes within days of Airtel buying radio waves from Videocon Telecommunication for six regions for Rs 4,428 crore. Telecom For a level playing field in 4G telecom Policy and regulation in Indian telecom have evolved in response to competition in the business and its articulation in the equally competitive polity. The regulatory framework needs to evolve further, at this juncture, on the... Finance Why banking in India will never be the same again India needs more banks of different shapes, sizes and business models. The banking regulator is responding to this need Finance RIL, BP ready to drop arbitration over gas prices? Discussions initiated with govt; firms also signal intention to invest $10 billion over the next few years Finance Why are base metal prices crashing again after clear signs of recuperation Global concerns over demand outlook and volatility in dollar influenced the base metal prices broadly. Domestic futures prices, too, mirrored the trend. Finance Can a new buyer turn around Tata Steel’s UK operations? Liberty House’s Sanjeev Gupta shows interest in assets but not debt; ArcelorMittal has its own problems; Russian, Japanese firms the only hope Software Why are the top tech buyers listening to pitches from Indian startups? Toyota Motor Corp, Colgate-Palmolive and telecom giant Bharti Airtel will visit Bengaluru and attend rapid-fire pitching sessions from domestic software product startups. Software Government launches serious efforts to check cyber crimes : Will involve private domain experts One of the priorities of IC4 will be to check attempts by international gangs to penetrate Indian government's official communication network and hack them. Software How are Ola, Uber violating govt notification on fares? With a radio cab company alleging inaction on part of the authorities to implement the rules with regard to fares to be charged by taxis, Delhi High Court today sought a status report from the city government. Software Micromax bets on mobile wallet Udio as key differentiator : Aims for 15 million customers Micromax aims to have 15 million customers doing cashless transactions on its mobile wallet – Udio – within this year. Ecommerce Quikrs valuation surges 3.5 times in the 12 months between 31 December 2014 and 31 December 2015 Kinnevik, which holds a 19% stake in Quikr, marked the fair of value of its holding in the company at $186 million, implying Quikr’s valuation was $979 million Ecommerce Flipkart logistics arm Ekart bags offline clients like Lifestyle, Madura Fashion Ekart has started winning clients among brick-and-mortar brands as it aims to become an independent logistics powerhouse. Ecommerce Burrp aims to garner revenues of Rs 150 crore by March 2019 as it expands services like events and offers a more personalized search experience to users The food-tech company, which competes with the likes of Zomato, is also aiming to facilitate transactions worth Rs 1,000 crore through its platform in.. HR Bright future for Indian mass media For decades, the voice of the Indian broadcasting sector was the All India Radio (AIR) station (now Akashvani or Voice from the sky) and public television station Doordarshan, which disseminated news and other information in the vast nation. HR Around 1.5 billion jobs might dry off, says report The World Water Development Report 2016 ranking water as the top most global risk in the next 10 years signalled the possibility of 1.5 billion people losing jobs. HR Steel tycoon wants to save 4000 jobs at Tata's UK ops HR Misremembering an icon Bhagat Singh believed neither in religion nor violence. Logistics India's roads will soon have 3D painted speed breakers to slow down motorists The government will soon put up three dimensional paintings of fake speed breakers on highways and urban roads to tame speeding drivers, even as the road will be completely flat Logistics Air fares dip as airlines increase flight frequency, holidayers to benefit with an INR 2,000 decrease on busy routes Air fares to Mumbai, Delhi and a few other metros have dipped for travel in the coming days. Logistics Unused old Air India aircraft A 320 collapses during road transport Footage uploaded recently to YouTube shows the shocking moment of a nearly disastrous incident at the Begumpet Airport at Hyderabad in India. The footage shows Logistics Lebanon airport workers held over 'terror contacts' along with one of the airports service providers Beirut, April 10, 2016 (AFP) -Lebanon has detained two workers at Beirut airport over alleged contact with "terrorist parties", the country's ANI news agency said on Sunday. Construction DLF starts stake sale of rental assets arm DLF CyberCity to reduce debt The stake sale will help DLF trim debt; multiple investors are likely to buy stakes in DLF CyberCity Construction Tenant verification drive in Gr Noida gets poor response Lack of full cooperation from residents in the attempt to collate a database of tenants and landlords across sectors has resulted in a slowdown of the.. Construction DLF's Park Place residents demand rights over community club Residents claim the developer often allows outsiders to hold parties in the community club Construction 150 vacant flats to be e-auctioned by Chandigarh Housing Board The auction would be conducted in a phased manner after the completion of the process of the housing scheme of Sector 63 Marketing Advertising and filmmaking, when the twain met in Goa : Report The highlight of day two of Goafest 2016, India's foremost advertising, marketing and media convention, was the leadership summit with filmmakers Karan Johar and R Balki. Marketing How Indian Brands Are Leveraging YouTube 360-Degree Videos : Report Last March YouTube let creators share much more in their videos than just what met the viewer’s eyes. The Google-owned video sharing network rolled out support for 360-degree video uploads, courtes… Marketing Adcock Ingram in pact for strategic sale of Indian operation : Report Author: Ritika Singh, Category: Mergers & Acquisitions, Industry: Healthcare, Title: South African Adcock Ingram sold its drug marketing, sale business to Samara Capital , Snippet: South African drug maker Adcock Ingram Holdings Ltd sold its drug marketing and sale business to India-focused private equity company Samara Capital Partners Fund II Ltd, for about Rs.151 crore. The deal saw exit of Adcock Ingram from its pharmaceutical operations in India. Founded in 2006, by Sumeet Narang, a former Citigroup India executive, Samara Capital portfolio from the healthcare segment has Mumbai-based medical consumables maker Lotus Surgical Specialties Pvt Ltd, and Guardian Lifecare based in Gurgaon. Adcock Ingram Healthcare Pvt. Ltd, in India was fully possessed by Adcock through its subsidiaries. A division of it is also involve in transactional back office support service in the segment of regulatory services. The regulatory services trade would not be included in the deal as it would be isolated from Adcock Healthcare. Adcock Healthcare ensured net assets of Rs.31 crore, besides reporting a net profit of Rs.92 lakh in the past 6-months period ended on Dec 31, 2015. Adcock Ingram is active in 3 hubs in sub-Saharan Africa, West Africa (Ghana), East Africa (Kenya) and Southern Africa (Zimbabwe). , Date: 9 April 2016, Associated Entity Handles: ,Tags: Adcock Ingram Healthcare Private Limited,Ingram Holdings Ltd,Samara Capital Partners Fund II,sold out Marketing Renault India achieves 4.9 percent market share in March Politics BJP bets on its best horse: Here’s why the party believes only BS Yeddyurappa can ensure a Congress-mukt Karnataka After being named party president for the fifth time in the last three decades, Yeddyurappa's approach towards attaining his goals in life remain crystal clear. Politics Bharat Mata ki Jai: BJP is setting narrative of political discourse in India and all parties might just follow it Two years since coming to power the BJP continues to set the narrative of political discourse in the country. And, all other political parties led by the principal Opposition party Congress try to softly but slowly fall in line. Politics Your Nagpur versus my Nagpur: To counter RSS in its birthplace, Congress turns to Ambedkar The battle over the legacy of Dr BR Ambedkar just got more intense. The Congress has decided to counter the aggressive bid of the BJP and its ideological fountainhead Rashtriya Swayamsevak Sangh (RSS). Politics The Denial of Rape by Soldiers in Kashmir by the Likes of Shekhar Gupta Illustrates the Impunity Enjoyed by the Armed Forces For Kashmiri women, the denial of rape by soldiers in Kashmir by the likes of Shekhar Gupta is another violent attempt to protect the armed forces. Sports Russell and Hogg rout Daredevils Kolkata Knight Riders read a greenish Eden Gardens pitch and skittled Delhi Daredevils for 98, which the hosts chased with nine wickets and 35 balls to spare Sports IPL 2016: Poor shot selection cost Mumbai Indians dear against Rising Pune Supergiants, says Harbhajan Singh Pune easily chased down the target of 122, riding on opener Ajinkya Rahane's classy 42-ball unbeaten 66. Sports Pietersen giving South Africa career 'a thought' Kevin Pietersen has admitted trying to return to international cricket by playing for South Africa is Sports Manny Pacquiao beats Timothy Bradley in farewell fight With fans chanting 'Manny' at the conclusion, Pacquiao (58-6-2) maintained that he is heading into retirement and continuing his political career. Entertainment Priyanka Chopra to receive Phalke Film Foundation Award Priyanka Chopra will be given Dadasaheb Phalke Film Foundation's "Best Actress of the Year" award. Entertainment Change in my attitude post ‘Kapoor and Sons’: Sidharth Malhotra With the success of "Kapoor & Sons", Sidharth Malhotra says his attitude towards his work has undergone a change. Entertainment Shankar Mahadevan ‘excited’ to perform for the British Royal couple Shankar Mahadevan says he is ecstatic to perform with his son Siddharth for the maiden India visit of Prince William and Kate Middleton, the Duke and Duchess of Cambridge. Entertainment Ranveer Singh, Tamannaah Bhatia in Rohit Shetty’s next Ranveer Singh and Tamannaah Bhatia will star in filmmaker Rohit Shetty's next movie. 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