August 11, 2015 - Micromax buys stake in US-based cloud service provider MiMedia

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Digital Micromax buys stake in US-based cloud service provider MiMedia Micromax would start to focus on making investments in software startups Digital India's mobile-first startups gain traction among Chinese investors India is expected to add over 35 mn smartphone subscribers a year to its 160 mn user base over the next three years Digital Sify founder R Ramaraj invests Rs 3 crore in Indian-helmed US-based fitness app maker Brainstorm Health Angel investor and founder of Sify, R Ramaraj, is said to be keen on promoting local entrepreneurship. Digital It's raining jobs in e-commerce sector! Amazon, Snapdeal, Paytm, and Flipkart ramping up workforce Livemint E-commerce firms like Amazon, Flipkart, Paytm and others embark on a hiring spreeAt India's largest e-commerce firm Flipkart, hiring is being done for the technology and leadership roles. "An increase in employee base by itself isn't necessarily a large indicator of success. We're more concerned about hiring people who have the ...Flipkart crosses 15 cr item listings on its portalReal Time News, Indiaall 6 news articles » Retail Everything You Need to Know About Sundar Pichai, the New CEO of Google Who is Sundar Pichai, Google's new CEO? Retail E-commerce firms like Amazon, Flipkart, Paytm and others embark on a hiring spree Flipkart's unit sales jump 150% so far in 2015, while Snapdeal reports an increase of 222% in GMV in the June quarter Retail Trent to take its retail format in West Asia, Africa Tata-owned firm looking at transaction costs, taxes and exchange rates Retail Buying sensitive product online or in-person, either way embarrassing A new study has revealed that people are often embarrassed when buying sensitive health care products, irrespective of in-person or online purchase. Telecom E-tailers like Flipkart, Snapdeal and others pitch for 4G for enhanced shopping experience Fourth-generation, or 4G, telecom technology allows downloads several times faster than 3G and 2G, the more common technologies. Telecom How Bharti Airtel changed telecom paradigm by outpacing Reliance Jio : Top 7 power points Bharti Airtel has launched its 4G services in 296 cities across 14 circles beating Reliance Jio by at least a few months. Telecom Vodafone ramps up campus hiring, adds six new campuses to its list In a bid to strengthen its focus on campus hiring and young recruits, Vodafone India added six new campuses to its list. Telecom 'Vodafone first to achieve 375Mbps network speed' Doha - Vodafone today announced that itis the first telecom operator in Qatar and one of the first in the world to have the top speed of up to 375 Mbps live on its network. This was completedafter it tested and rolled out 3 band LTE Carrier Finance Aspire Home Finance to raise Rs 500 crore via debt placement The company's board of directors will meet on Wednesday to consider and approve the issue of up to 5,000 non-convertible debentures, the company informed the BSE. Finance FirstRand Bank sets sights on wholly owned India subsidiary Lending to SMEs to form core of bank's lending business in the country Finance Just as global banks desert coal, can India ramp up the sector without foreign investment? Indian coal industry veterans are unusually sanguine at the moment, even as coal companies show signs of terminal decline elsewhere in the world. Finance India Inc blames Congress-led opposition for stalling growth The CEOs were unanimous in saying that the Congress-led Oppositions agenda was destructive. The govt was seen not being pushy enough on key reforms. Food/FMCG United States Food and Drug Administration clears Nestle's Maggi The US FDA cleared Nestles Maggi noodles, the seventh country to do so, even as national food regulator FSSAI has refused to give a clean chit to the brand for sale in India. Food/FMCG ABD calls off Tilaknagar Industries' acquisition due to differences over valuation Kishore Chhabria-led Allied Blenders & Distillers (ABD) has called off talks to acquire Tilaknagar Industries because of differences over valuation. Food/FMCG Centre set to seek Rs 426 cr in damages from Nestle To move NCDRC on behalf of consumers over alleged unfair trade practices by the firm Food/FMCG Price cuts fail to boost Q1 volume growth for FMCG cos Of the top 10 FMCG companies by market capitalisation, six have witnessed lower revenue growth in the quarter Software Google announces major rejig : Sundar Pichai to be the CEO and forms new parent enterprise called 'Alphabet' NDTV Mountain View, California: Google today announced a major restructuring of the company, naming former Product Chief Sundar Pichai as the new CEO and becoming a subsidiary of a newly-formed parent enterprise called Alphabet. The move made Pichai, 43 Software Polaris on sale : Indian tech majors looking to acquire a controlling stake in the company Founded over two decades ago, Polaris competes with Indian offshore players and is predominantly a banking and financial services focused software services company. Software Aricent acquires Bengaluru-based chip design firm SmartPlay for Rs 1,100 crore Aricent will create a design group focused on the semiconductor industry with the capabilities it acquired from SmartPlay for an estimated $180 million. Software Micromax looking to invest in software startups : Makes strategic investment in New York-based cloud service provider MiMedia While the terms of the deal were not disclosed by Micromax, the strategic investment in MiMedia represents Micromax's first outside of India... Ecommerce Paytm arms with a war chest of Rs 3,200 crore for acquisitions in ecommerce space; keeps aside $50 million for investing in logistics and warehousing Alibaba-backed online e-tailer Paytm has readied a war chest of half-a-billion dollars as it scouts for acquisitions across the 'local commerce space'. Ecommerce Zomato, TinyOwl and Swiggy to raise about Rs 1,000 crore, rushing to grab larger slices of one of the fastestgrowing ecommerce markets in the country US-based GrubHub, valued at $2.6 billion, was handling 234,700 orders a day, whereas Foodpanda, Indias largest online food delivery service, handles an estimated 30,000 orders daily. Ecommerce Flipkart sells 150 mn products, sees 150% growth over 2014; adds more categories, sets up offline distribution stores The e-Commerce giant has added more categories such as home & furnishing and maternity products, set up off-line distribution stores Franchise Franchisee Journey: From Wall Streeter with unhealthy lifestyle to physical therapy franchisee Gina Reullion transformed her PT practice into a franchise model to avoid the "business headaches" corporate competitors gave her. Franchise Flipkart sells 150 million products in first 8 months of 2015, sales jump over two and a half times Leading e-retail major Flipkart on Monday said it has sold 150 million products till date in 2015, registering a whopping 150 percent growth over 2014 sales. HR E-commerce firms like Amazon, Flipkart, Paytm and others embark on a hiring spree Its raining jobs in the booming ecommerce sector with firms in the process of ramping up workforce across various functions. HR Let's meet Sundar Pichai, the new CEO of Google Google has a new CEO and his name is Sundar Pichai HR Nurturing creative thinking to accelerate innovation India is at a very interesting stage in its history. It is emerging as a major global economy, a significant geopolitical power and a future military and economic superpower. HR 10 Most Employee-Friendly Companies in India - BANGALORE: Taking care of your employees is not just the first step towards creating an awesome workplace but Logistics System derailed? No recruit in Roadways workshop for 25 years As many as 50 city buses and 40 long-route buses of Haryana Roadways are parked in a defunct condition at the workshop of the Gurgaon bus depot because of acute staff shortage. Logistics Railway allows private companies to operate 'Private Freight Terminals' in their own name along with use of Railway network and containers Rail operation on Indian railway network by private firms is not permissible, Minister of State for Railways Manoj Sinha said here in a written reply in Lok Sabha. Logistics Indian Railways North east rail connectivity to get boost with launch of two broad range passenger trains to Murgongselek, an Eastern most railway station nearing Indian Eastern borders Logistics Pantnagar airport, in the Kumaon region, to be developed as cargo hub; increase in length of strip by 490m and storage capacities The Kumaon region, which has many picturesque places like Nainital and Almora, is set to get better air connectivity soon. Construction Property worth Rs 90 crore monetized by Air India Minister of State for Civil Aviation Mahesh Sharma informed the Lok Sabha during the question hour that Air India had during 2014-15 earned Rs.35.97 crore by .. Construction Realty brokerage market poised to become more tech savvy, According to Jay patel, Founder and CEO of IndiaMLS Many tech professionals are launching portals and mobile applications that will make brokers more professional and accountable... Construction Builders to protest against non-payment for Maha rural roads Alleging poor flow of funds from Centre to Maharashtra under Pradhan Mantri Gramin Sadak Yojana (PMGSY) were affecting road network there, builders from the state, would stage a protest in Delhi tomorrow. "Works to the tune of Rs 2,200 crore have Construction Real estate bill clears govt of blame, worries some builders The Real Estate (Regulation and Development) Bill, 2013, which is still pending in Parliament, has the Goan real estate industry worried. While stakeholders agree that the bill, once passed, will bring clarity and confidence into the real estate market, developers are wary about the lack of onus placed on the government, which they feel, is an important stakeholder in the real estate economy. Marketing Changing trends in portrayal of women in Indian advertising : A crack in the glass ceiling The empowered woman as the protagonist is increasingly being seen in Indian advertising. Has the industry, decried for long for objectifying women, suddenly become gender sensitive? Or does it see a potential best-seller in this new script? Marketing Instagram Ads vs. Influencer Marketing : Deciding What's Best for Your Brand Instagram Ads vs. Influencer Marketing: Deciding What's Best for Your Brand Adweek Marketing Apple, Among Others, Look To India's Emerging Market : Report Apple is one company among many that is beginning to ramp up their operations in India, recognizing the emerging market as one that could be a large contributing factor in the future of the company. Marketing Despite Concerns, How Fairness Creams and Packaged Foods Keep Selling in India? Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities Politics BJP pulls up socks for battleground Bihar, unveils Amit Shah's 5-point strategy According to sources in the know of the plan, party chief Amit Shah has drawn up a five-point strategy to take on the grand secular alliance in Bihar. Politics PDP-BJP coalition govt has turned out to be a complete failure, says Omar Abdullah Former chief minister Omar Abdullah on Monday termed the ruling PDP-BJP coalition as a "complete failure", saying the government has proven to be a policy and governance "nightmare" for the state, which needs economic impetus for reconstruction after the devastating floods. Politics Lutyens Media wants no questions on second guessing Death Penalty Politics Govt Does Volte Face On Porn Ban: Tells Supreme Court It Can't Play Nanny In Every Household Sports India eye Sri Lanka clean sweep to ascend in ICC Test rankings A 3-0 scoreline in India's favour will guarantee the third spot to the visitors. Sports Ravi Shastri throws weight behind Rohit Sharma, says Cheteshwar Pujara will make a comeback at some point India Team Director Ravi Shastri also backed skipper Virat Kohli's strategy to field five bowlers. Sports Parupalli Kashyap, HS Prannoy enter 2nd round of World Badminton Championship Saina Nehwal, Kidambi Srikanth and PV Sindhu will start their world championship campaign on Tuesday. Sports 30 Best Sports Movies of All Time From 'Rudy' to 'Rocky,' 'The Bad News Bears' to 'Bend It Like Beckham' — we're counting down the 30 best sports movie of all time. Entertainment Hate the way TV works: Kapil Sharma Kapil Sharma says he is more keen to do "stand-up comedy and movies" as he loathes TV's working style. Entertainment Spot light coming on writers, says Rakeysh Omprakash Mehra Rakeysh Omprakash Mehra says it is a good time to be in the industry for writers as the spot light is on them. Entertainment 'Mission Impossible: Rogue Nation' tops US box office, 'Fantastic Four' bombs with $26.2M Tom Cruise's "Mission: Impossible — Rogue Nation," held the top spot with $29.4 million in its second week. Entertainment Asin to marry Micromax co-founder Rahul Sharma Reportedly, Asin will soon be tying the knot with Micromax co-founder, Rahul Sharma after wrapping up all her assignments. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief 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

August 10, 2015 - Here's what SoftBank President Nikesh Arora has to say on Indian startup valuations

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Digital Here's what SoftBank President Nikesh Arora has to say on Indian startup valuations SoftBank Corp President Nikesh Arora has cautioned that valuations have raced "far ahead" of what they should be, in an exclusive interview to ET. Digital Bookmycab: Why Avinash Gupta who founded the taxi aggregator service a decade ago finally sold it when things were looking up Gupta rechristened AVN to Liveminds Solutions and, two years later, applied for a call-taxi licence in Mumbai and started operations. Digital Delhi-based mobile social network MyPoolin wins Qualcomm Ventures' QPrize Delhi-based startup MyPoolin, a mobile social network that allows friends to split payments for a variety of uses, has been named the recipient of the fifth edition of QPrize. Digital Mobile SaaS startup SignEasy plans to raise up to Rs 32 crore in Series A It is a San Francisco-based startup that offers software-as-a-service mobile-first solution to electronically sign and fill documents from any digital device Retail Facebook set to launch online shopping festival, ties up with GroupM Facebook is looking to tap the enthusiasm in India for online shopping by launching a shopping festival named Tied Together on the occasion of Raksha Bandhan Retail How Indian e-commerce companies are using their first lifecycle email Welcome emails are extremely important. It's the first message which a new subscriber receives from your brand, so it's a great opportunity for you to crea Retail Yum! Brands to split operations between Devyani International, Samara Capital The exiting franchisees include Dubai-based Dodsal group, KFC Holdings Malaysia, Punjab-based ANPPL and a smaller one in Kerala. Retail Huawei revamps offline mobile business to clock 10% India market share - Huawei has partnered with retail chains Croma, Sangeetha and Reliance Digital and further revamping its national call centre with to strengthen its service for India customers. Telecom Bharti Airtel attempts to steal Reliance Jio's 4G thunder, early mover advantage may help Bharti in the upcoming battle with Jio Though investors may not see the move as a game-changer, the early mover advantage may help Bharti in the upcoming battle with Reliance Jio Telecom Nationwide MNP: Too much hype, not much to gain Telecom MobileSparks 2015: 10 upcoming mobile start-ups from India MobileSparks is YourStory's conference on mobile which was started in 2012 and has been showcasing the best in the world of Indian mobile startups. More th Telecom Global mobile firms bet Indian market for smartphones Global Mobile Firms Bet Indian Market For Smartphones. India has over 790 million mobile users with a penetration rate of 65 percent. With mobile users in India growing by a whopping 20 million every month, many international mobile manufacturing companies are launching smart phones to grab a larger share of the Indian market. Finance Central Bank of India to divest stake in housing finance arm via IPO Central Bank of India will divest a part of its stake in its subsidiary Cent Finance Parliamentary panel asks finance ministry to make 15% of PSB branches all-women offices A parliamentary panel has recommended making at least 15% PSB branches all-women offices to provide safe and convenient work environment to women. Finance Why is Capital infusion in public sector banks, a band-aid solution In the past 15 years, the govt has infused more than `81,000 crore capital in PSU banks but this capital is eroding due to rising bad assets Finance Central Bank of India to raise Rs.3,000 crore capital this fiscal The bank plans to raise the amount from the govt and through the qualified institutional placement route Food/FMCG Cosmetics firm to triple capacity in 2016 BACK in 1994, Engr. Leonora Salvane produced about 50 handmade papaya soap bars a day in her house in Liloan. What was once a small enterprise has grown into a company that produces a full line of soaps, creams and lotions. Today, GT Cosmetics Manufacturing makes over 8,000 bars of soap a day, 18,000 jars of cream and 5,585 bottles of cleanser, toner and lotion from its two plants in Liloan and Marilao, Bulacan. They employ 350 workers. The company plans to open a third facility that will triple its capacity next year. Food/FMCG Maggi samples fail test in Lucknow laboratory: Official Five more samples of Maggi have failed tests at a laboratory here as they contained lead content beyond the permissible limit, an official said. Food/FMCG Future Consumer Enterprise Q1 net loss widens to Rs.32.35 cr Firm also announces a 50:50 JV with Swiss personal goods maker Mibelle AG Software Foxconn to invest $5 billion in Maharashtra : May set up a factory in every Indian state in 10 years Foxconn, the global electronic manufacturing giant and one of the key suppliers to Apple, has decided to invest a whopping $5 billion in Maharashtra over the next three years for electronic manufacturing facilities. Software InMobi launches 'Made in India' advertising OS : Plans to take on Facebook and Google Hindustan Times This could be India's most courageous software venture yet if it takes off and goes public as planned with a "Made In India" product story to match from its founders - all of whom are IITans from Uttar Pradesh's small towns. Miip, a teddy bear-like Software Startups offering fancy designations to catch on with the talent chase Catching them young seems to be the mantra for Indian companies as they try out new 'quirky' designations attract key talent. Software Smart schools start embracing digital revolution to launch online content and new learning groups While the Centre pushes for a digital revolution, some schools in the city have already started using the technology, and how! Ecommerce Housing.com plans to lay off at least 600 employees in the next three months, steps up focus on its core technology and product and tightens its cash burn Realty portal Housing.com plans to lay off at least 600 employees in the next three months, as it steps up focus on its core technology and product and tighte.. Ecommerce Jabong looking to create a second line of leadership to brace up and fight rivals such as Flipkart, Myntra and Snapdeal Once the top team of about 5-6 positions are in place, Sinha said he will also look to hire someone for the position of the CEO to fill in the shoes of the founders. Ecommerce The learning that comes along with building a product for a billion users: Flipkarts Peeyush talks at MobileSparks Indian internet giant Flipkart has been on a hiring spree and making news in recent times for hiring some key talent from Silicon Valley. Punit Soni joined Ecommerce Qualcomm, Accel jointly invest $350,000 in MyPoolin and Flip Technologies on the basis of the product innovation, industry potential, customer response Franchise Franchisee Journey: From college student studying hotel management to operating a diverse portfolio of franchise businesses in multiple locations with older brother Jesse Keyser jumped into franchising first, before taking little brother (and new college grad) Charles under his wing. Franchise Using the analysis of meaningful data provided by benchmarking to compare your performance as a franchisor relative to other franchise brands - Franchise AdviceAs important as benchmarking is within a system, franchisors do little active benchmarking among themselves to rate their own performance measures. There are a number of very useful benchmarks that franchisors in can use to compare their performance relative to other franchise brands. HR Apple supplier Foxconn is spending $5B on a factory in India (By Devidutta Tripathy, Reuters) – Taiwan's Foxconn, the world's largest contract electronics manufacturer and a key supplier to Apple, on Saturday signed a pact with India's Maharashtra state to invest $5 billion over five years on a new electronics manufacturing facility. HR 10 jobs that will make you happy AND rich VFS Digital Design/FlickrTurns out "happy career" and "fat paycheck" aren't mutually exclusive.Most people believe "a happy career" and "a fat paycheck" are HR 'We aim to attract investments that can create lots of jobs' t a time industrial units in Tamil Nadu and Andhra Pradesh are scouting for a place free of controversies to set up their factories, Sri City, a private multi-product operational SEZ (special economic zone) located 60 k HR Construction hands to get medical benefits Now, lakhs of labourers working on construction sites can avail medical benefits under the labour ministry's Employee State Insurance (ESI) scheme. Logistics After 100 plus years :Indian Railways to come out with goods train time table Aiming at a paradigm shift in the freight operations, Indian Railways will come out with a Time Table for goods train movement, a first for the public transporter, to attract more loadings and improve the delivery schedule. Logistics Help to those who suffered as Emergency 'victims': Haryana plans IDs, free bus ride The Haryana government claimed that there were at least 90,000 people in different jails during the Emergency of which 2,000 were from Haryana. Logistics Govt fixes freight rate of minerals; freight upto a distance of 100km is fixed at Rs 2000 a day plus twice running cost or Rs 3,500, whichever is higher The The state government on Friday notified the ceiling on freight charges for transportation of minerals. It will be applicable in Angul, Jajpur, Keonjhar, Sundargarh and Jagatsinghpur districts. Logistics LeT plans plane hijack in Jammu and Kashmir, to secure the release of 20 of their militant mates After failing to hijack a BSF bus on August 5 and a Punjab roadways bus in Dinanagar on July 27, the Lashkar-e-Taiba (LeT) is now planning to hijack airplanes in Jammu and Kashmir to secure the release of more than 20 arrested militants, highly placed sources told Mail Today. Construction Farmland law boon for the middle class The Karnataka government's decision to allow non-agriculturists with annual income up to Rs 25 lakh to buy farmland will allow middle income families to enter an area they were till now barred from, and weed out a lot of corruption from the system. Construction Maintainence high for flats in Noida Extension Those who are taking over possession of apartments they bought at relatively cheap rates in the upcoming Noida Extension, face a new quandary. Construction South Mumbai penthouse sold for whopping Rs 202 crore Even as Mumbai's real estate market reels under a stressful period with slowing sales velocity and with buyers sitting on the fence, waiting for prices to drop, a one-off deal in the island city's luxury market for Rs 202 crore is making headlines. Construction Real estate sector haunted by Recession and inflation Steep corrections in Delhi & Mumbai in the late 1990s had spurred the demand. This could happen again Marketing Indian advertisers are missing the potential of mobile advertising : Thanks to their low budget allocation There has never been a piece of technology in human history ownership numbers for which has surpassed the human population itself. At seven billion users, Marketing The genesis and growth of the seven-year-old phenomenon called Practo : Report Shasank ND, Founder and CEO, Practo, gave some insight into how mobile and healthcare have grown and integrated over the years for his company, at MobileSparks 2015. Practo, today, is Asia's number one healthcare technology platform, having presence in six countries and 35 cities in India. Marketing Indian govt's marketing mantra to make Porn ban look sexier : Report Hindustan Times Porn ban: Indian govt's marketing mantra to make it look sexierIt's a tried and tested formula that even the previous, otherwise ban-friendly government of the silent kind did not use on porn, which is a pity if one assumes that the Indian State has all along wanted to help the ever-growing sex-video industry grow Marketing Evolution and Future of Online Payments Industry in India The online payment industry is worth over 20 billion US dollars currently and expected to grow many folds in the time to come. Politics After J K snub, India threatens to boycott Commonwealth Parliamentary Conference in Pakistan LS Speaker Sumitra Mahajan and the Speakers of state Assemblies are likely to boycott the Commonwealth Parliamentary Conference in Islamabad after Pakistan chose not to extend an invitation to the Jammu and Kashmir Assembly Speaker Kavinder Gupta Politics Of bytes, theatrics, death and eloquence: Sonia-Sushma skirmish escalates into war of words between BJP and Congress There was no let up in tension between the ruling BJP government and Congress over the Lalit Modi controversy. Politics Bill to set time limit of one year for disposal of mercy petitions by President introduced in LS A Private Member was introduced in Lok Sabha seeking to impose a time limit of one year for disposal of mercy petitions by President in cases of offences concerning terrorism or sedition. Politics Drama queen moment: Sushma should make her case through evidence, not emotions It's not through human emotions that a person of official authority should make her/his case, but through evidence. Sports World T20: BCCI to keep Pakistan away from Maharashtra Maharashtra has two Test centres — VCA in Nagpur and MCA (Wankhede Stadium) which have been picked to host T20 World Cup. Sports England reclaim Ashes, English media praises lot The English media gave a thumps-up to England's performance and many newspapers claimed the win as 'crushing.' Sports Michael Clarke retires: Australia skipper's top five knocks in Tests Here are some of Michael Clarke's top knocks that brought glory to his nation. Sports On his visit to India, Satnam Singh Bhamara focuses on improving basketball's state in the country Satnam, who became the first Indian player to get picket in NBA Draft, was the centre of attraction Ludhiana's Guru Nanak stadium. Entertainment There is outrageous discrepancy in Hollywood: Natalie Portman Natalie Portman has insisted that she is sick of the massive pay gap between men and women in Hollywood. Entertainment Prime Minister Narendra Modi asks actors, youths to popularise handloom Prime Minister Narendra Modi urged movie stars, youths and others to use handloom products to give a much needed boost to the sector. Entertainment Farhan Akhtar happy with response to his 'Music Diaries' Farhan Akhtar has been sharing insights from his live concerts through television. Entertainment Mariah Carey to guest star in 'Empire' Pop star Mariah Carey is to have a guest role in the second series of "Empire". 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