October 28, 2015 - Snapdeal in talks to raise Rs 2,000 crore for FreeCharge

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Blog Sree Vijaykumar From the Editor's Desk At a recent government-industry interaction, a senior party leader pondered about our work ethic as a nation. Why do we take so many holidays? What do we do on these holidays, he wondered. Why is it that in Japan, or even in the US, people work for the sake of work (almost a work is worship mentality), while we look for the first excuse to not work? While I think he was referring to the babu culture (not prevalent in much of the private sector), our famous jugaad mentality and pride in taking shortcuts is reflective of a similar psyche. What in our collective experience, in our ancestry or perhaps just in our current environment makes us take the easy road - Comment Digital Snapdeal in talks to raise Rs 2,000 crore for FreeCharge FreeCharges parent Accelyst Solutions was bought by Jasper in April for $450 million in the biggest deal involving Indian startups. Advt: Get qualified leads for your business TradeBriefs introduces automated mobile number verification, progressive qualification and other API-based verification. Save time and money! Advt: Diamond India Ltd. introduces Limited Edition Sachin Tendulkar Swiss Silver Coins. Digital marketing is evolving everyday. Keep up with the latest trends. Digital HashLearn aims to disrupt IIT coaching in India by imbibing elements of social networking An IIT aspirant’s study room is like the Chamber of Secrets. At every turn, you are faced with a dozen books scribbled with doubts to be cleared at a later time, which, in most cases, never comes.   Digital Smartivity, a startup that uses augmented reality and robotics for activity-based learning, secures $200K funding from publisher S Chand Smartivity deploys augmented reality and robotics for kids learning projects.   Digital Online travel agencies MakeMyTrip, Goibibo, Yatra block budget hotel aggregators OYO Rooms, Zo Rooms from their websites The move comes at a time when OYO Rooms and Zo Rooms gear up for mega financing rounds in order to capture the budget stays market. Digital MakeMyTrip app-only sale starts: The firm expects to see five-fold surge in traffic MakeMyTrip expects to see a fivefold surge in traffic during the offer period, which will close on November 2. Retail GMV concept makes no sense & is used by ecommerce players like Flipkart to justify valuations: Jabong's CFO While Indias brick-and-mortar retailers have criticised the GMV methodology, this is the first time that an online peer has questioned the concept. Retail US retailer The Children's Place plans to open 100 stores in India “The brand has had cautious start but will have a rapid scale-up. We will be ending 2015 with locations in double digits. Hence it is 2016 which wil.. Retail Whisky lovers, welcome the Triple Malt Monkey Shoulder, a quirky blend of three single malts, is now available in India and won’t burn a hole in your pocket. Retail $1000/sq ft realty in Mumbai, Delhi steep by any standard: CBRE chief Bob Sulentic, global president & CEO of $9-billion CBRE Group, the world’s largest commercial real estate services and investment firm, has a pulse on the growth of nations as his company closely tracks and consults on one of the key determinants of growth — the construction sector. Telecom WhatsApp's Co-Founder on How the App Became a Phenomenon WhatsApp doesn't do much PR. With 900 million users, it doesn't have to. But co-founder Brian Acton opened up to WIRED about how that growth happened. Telecom The Sorry State Of India's Borders Conditions are so bad that some of India's villages and settlements along its north-eastern border are not even covered by Indian telecom companies. The residents have to use Nepali SIMs. #kirenrijiju #nepal Telecom Mark Zuckerberg Promotes Facebook Growth in India Shut out of China, Mark Zuckerberg is training his sights on India as a source for future growth. Telecom Bharti Airtel sells 700 towers in Burkina Faso to Eaton Towers Sunil Mittal-promoted Bharti AirtelBSE 1.16 % has sold its 700 towers in Burkina Faso to Eaton Towers, making it the most recent deal the Indian telecom major has concluded in its move to sell its towers in Africa and use the proceeds to pare debt.   Finance IDBI, IDFC and the story of infrastructure funding in India Most appear to have forgotten the existence of IFCI, the last of the original developmental institutions, which was run to the ground by successive managements decades ago. Finance Snapdeal in talks with investors to raise Rs 2,000 crore for its digital services platform FreeCharge FreeCharges parent Accelyst Solutions was bought by Jasper in April for $450 million in the biggest deal involving Indian startups. Finance Tatas, Birlas, Ambanis take discount e-tailers head on Launch online ventures after omni-channel model falls short Finance Jaitley sure of meeting fiscal deficit target despite disinvestment hiccups There is no cause for concern on fiscal deficit and the government will meet its target for the current year, says finance minister Arun Jaitley Software Indian startups may be able to survive the tech bubble, says Aranca's AVP The Indian market is very attractive for foreign investors but one thing to watch out for is how the mood of the venture capital industry in the US turns out. Software Girnar Software buys Zigwheels.com : Times Internet picks stake in Girnar Girnar Software has acquired Zigwheels.com from Times Internet for an undisclosed amount to consolidate its leadership in online auto portals space. Software Modi govt to make refund of service tax for IT firms like Infosys, TCS, Wipro easier The scheme will cover cos that have a credible tax-paying compliance record & will enable them to get service tax refunds as and when they claim. Software IT firms like Wipro, TCS rebuilding bench strength as they prepare for digital wave Indian IT cos have big plans to boost in-house training because experts say the industry lacks enough people to win and service digital contracts. Ecommerce Fake products, defaulting on deliveries or stocking out rivals: Flipkart booted out 40 sellers in order to improve the quality of its marketplace Flipkart has 60,000 sellers on the platform, with Delhi constituting about 20,000 sellers alone followed by cities such as Surat, Bengaluru and Mumbai.. Ecommerce Why retail investors have not been able to partake in the startups growth story? Most startups are registered outside India in markets like US, Singapore after their initial rounds of funding to avoid regulatory hurdles. Ecommerce Wal-Mart Stores Inc. wants to test drones for delivering products, entering a race with online competitors Amazon.com Inc. and Alphabet Inc.s Google Wal-Mart seeks permission from the aviation regulators to test drones which it intends to use for delivering products merchandise tracking assistance Franchise Franchisee Journey: From serving as Surface Warfare Officer in the US Navy to serving on military bases as a Smoothie King franchisee Alexandra Myers became a Smoothie King franchisee after five years in the Navy. Franchise What does the 2015 Forbes 400 list of the richest people in the US say about those linked to the franchising industry? Which franchise representatives rank among the richest Americans? We dissected the Forbes 400 to see. HR CCI to directly recruit for 30 positions The watchdog is scouting for advisers in the areas of financial analysis, economics and law besides a director in the field of law. HR ITBP wants to recruit more women personnel, send them to guard border Also wants to start inducting women at command level, beginning from assistant commandant. HR Tesla CEO Elon Musk hints at opening Gigafactory in India Modi government aims to generate 100 GigaWatt of solar power in the country by 2022. HR 'Education in india is about getting jobs' Logistics Bankruptcy law to be introduced in Parliament as priority number one; on top remains GST : Government Government today said the Bankruptcy law will be introduced in Parliament this Winter Session, while the passage of the GST Bill will remain on the t... Logistics It's raining money for airlines this Diwali; with discounts and further app discounts, travellers booking in increased number with speed and ease Budget carrier SpiceJet has launched a promotional scheme, called 'Diwali Sale', offering tickets as low as Rs 749 base fare (excluding taxes) for domestic sector and from Rs 3,999 (all-inclusive) on international sectors. Logistics Airlines step up efforts to tackle cybersecurity risks; currently cyber criminals are able to hack into the flight controls and jeopardise lives The aviation industry is stepping up efforts to enlist coordinated international support in the battle against the threats posed to airlines and passengers by hackers. Logistics Indigo's parent companys first IPO is off to a flying start, subscribed 87% already The parent company of India’s leading airline, IndiGo, began taking orders for what could become the nation’s biggest initial public offering in almost three years. Construction Tata Housing sells 250 flats in Goa worth Rs 100 cr on five-acre project The company is developing 600 apartments in this 5-acre project, which was launched recently on Facebook. The prices are in the range of Rs 30-70 lakh. Construction Realty developer ABIL Group partners with Versace for south Mumbai project ABIL Group has entered into a partnership with global fashion design house Versace to design interiors of its luxury residential project on Hughes Road in south Mumbai. Construction Office space deals down by 30 per cent in Kolkata: According to Research According to Research and Forecast Report by Colliers International, the recorded office space transaction volume stood at 0.2 million sq ft. Construction Insurers are reluctant to cover houses that have basements A medical claim could be done either through the cashless feature or reimbursement. Most insurers have a network tie-up with international healthcare providers Marketing Apple vs Google: Ad-Blocking War or Something More? : Report If you were to read some of the tech press in the last couple of weeks, you probably wouldn't be surprised if you heard that Google had been arming its employees ahead of a titanic battle with Apple over advertising.   Marketing Out of home advertising is fraught with risks : Report Given the nature of the business and the operating environment, there are chances of many gaps which may rise in the outdoor advertising or out of home (OOH) industry. Operational inefficiencies have, therefore, been one of the key concerns plaguing this sector.   Marketing Twitter’s “Brand Hub” Will Provide Brands Real Time 360 Degree Social Listening Analytics : Report Available to some large brand advertisers and mid-sized businesses in English-speaking countries starting today, Twitter’s Brand Hub is an extension of its existing analytics suite for advertisers, anchored by a measurement metric called TrueVoice.   Marketing LG Celebrates India’s Most Trusted Brand Award, Viacom18 Introduces Video-On-Demand Platform The brand has released an integrated campaign showcasing LG products such as television, mobile phones, washing machine and other consumer durable products.   Politics Bihar elections: Voting begins for 50 seats in crucial third phase Voting began for 50 seats in the high-stake third phase of the five-phase Assembly polls, which has RJD president Lalu Prasad Yadav's two sons as candidates, this morning amid tight security arrangement. Politics After Nitish’s jibe, PM Modi likens JD(U)-RJD-Congress alliance in Bihar to ‘three idiots’ Hitting back at Nitish Kumar, who on Monday mouthed a limerick set to a film song to attack him, Modi likened JD(U)-RJD-Congress alliance to "three idiots", advised the Chief Minister to perfect the art of "Mushaira" and practise it at leisure after the Bihar polls. Politics The Bihar elections: Why all’s fair in a war where Modi is the obvious target From the manufactured protests over Dadri and the beef controversies, it is clear that there is a large anti-Modi constituency in the intellecual class. Politics Bihar votes today in Phase 3, Nitish Kumar brazens out tantric video, dares Modi to debate on Gujarat model Nitish Kumar is not known to be someone who relishes an endless monologue. But then this is no peace time in the state. And the Bihar chief minister and JD(U) boss had a special target: Narendra Modi. Sports Sachin Tendulkar, Shane Warne bat for cricket to make Olympic comeback Cricket has not featured in the Olympics since 1900, when Great Britain took on France in Paris. Sports Deepika Kumari bags silver in Archery World Cup Final Making a comeback after one-year, sixth seeded Deepika defeated Korean third seed Kawanaka Kaori. Sports Rohit can be a middle-order option: Manjrekar Having lost both the T20 & ODI series to South Africa, India are in post-mortem mode. In this wide-ranging analysis, Sanjay Manjrekar reflects on five areas of concern Sports Rio will be my last Olympics, keen to sign off with a medal: Yogeshwar Dutt Yogeshwar Dutt would be participating in the Asian Olympic qualification to be held in Astana, Kazakhstan from March 18 to 20 next year. Entertainment ED Summons Bollywood Badshah SRK Over Forex Violations HTC's One A9 has a flagship-worthy design, but the rest is merely so-so. Entertainment Priyanka Chopra offered to host American celebrity talk show Rising high on 'Quantico', Priyanka Chopra is said to have been offered to host an American celebrity talk show. Entertainment Bond is back. Film stars mingle with royals at ‘Spectre’ premiere Film stars mingled with royals at the world premiere of "Spectre" on Monday, marking British secret agent James Bond's glitzy return to the silver screen. Entertainment Sylvester Stallone is not in Salman Khan’s Sultan, confirms film’s executive producer Raja Mukerji When asked if Sylvester Stallone will make an appearance in Salman Khan's 'Sultan' as speculated, Raja Mukerji said, "No. It is not true. Apna Salman hi kaafi hai." 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