Wednesday, December 23, 2015

December 23, 2015 - Spark10 Accelerator launched in Hyderabad; to invest $100 million in Indian tech startups

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Alibaba is struggling to fix its reputation as a haven for cheap knock-offs and counterfeit goods, a big problem in the Chinese market. Alibaba is forced to work on this problem because it has ambitions to aggressively expand its customer base in America, where it is now publicly listed and where customer expectations are higher. In China, the problem is compounded by the fact that many customers want to buy cheaper knock-offs and Alibaba does not want to lose them to competitors. Indian customers are not very different and Indian e-commerce marketplaces have even fewer checks on whether merchants are selling counterfeit goods. Brands will have to be more vigilant to ensure that their sales are not affected. The chor-bazaars and fashion streets are now online! - Comment


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Digital
Bus aggregator Shuttl raises $20 million from Lightspeed Venture Partners, Sequoia India, Times Internet
The bus aggregator had raised $3 million from Sequoia and others in August.


Digital
Content aggregator Planet GoGo raises seed investment from HT Media
Content aggregator Planet GoGo  raises seed investment from HT Media
Planet GoGo, a content aggregator app started by ex-LINE senior management executives Daman Soni and Rajat Gupta, has raised seed …


Digital
Tech accessories e-tailer LatestOne raises Rs 20 crore from parent firm Palred Technologies
Tech accessories e-tailer  LatestOne raises Rs 20 crore from parent firm Palred Technologies
LatestOne, a vertical specific eCommerce site dealing in tech products and accessories like mobile accessories, tablet accessories, …


Digital
Healthcare tech platform Doctor Insta raises $500,000 in Pre-Series A
Healthcare tech  platform Doctor Insta raises $500,000 in Pre-Series A
Doctor Insta, India based healthcare technology company has received Pre-Series A funding of $500,000 from an entrepreneur-Angel Investor …


Retail
Ecommerce fashion jewellery firm Voylla plans to set up 100 stores; invest Rs 25 crore for expansion
Ecommerce fashion jewellery firm  Voylla plans to set up 100 stores; invest Rs 25 crore for expansion - Economic Times
The Jaipur-based start-up firm had recently raised USD 15 million from private equity firm Peepul Capital. The same would be utilised to fund expansion plans.

Retail
E-Commerce to Reshape Indian FMCG Sector: Report
E-Commerce to Reshape Indian  FMCG Sector: Report - NDTV
The date emerged from a joint report by industry chamber CII and Boston Consulting Group (BCG), titled 'Re-Imagining FMCG in India'.

Retail
Magnetic Haryana: Walmart to open stores, Micromax plans manufacturing facility in Haryana
Magnetic Haryana: Walmart to  open stores, Micromax plans manufacturing facility in Haryana - Economic Times
Wal Mart India Private Ltd president and CEO Krish Iyer met Haryana chief minister Manohar Lal Khattar to share plans to open its chain of stores in the state.

Retail
Cafe Coffee Day to extend home delivery to Mumbai and Delhi
Cafe Coffee Day to extend home  delivery to Mumbai and Delhi - Economic Times
Cafe Coffee Day will extend its home delivery business model to Mumbai and Delhi over next three to four months.


Telecom
How Mukesh Ambani's $15 bn 'Jio' bet will upend Indian telecom industry
How Mukesh Ambani's $15 bn 'Jio'  bet will upend Indian telecom industry - ETTelecom.com
A full commercial launch of the operator is expected by April. Ambani told shareholders in June that the financial year 2016 to 2017 will be Jio's fir..


Telecom
As net neutrality debate heats up again, savetheinternet.in returns
As net neutrality debate heats  up again, savetheinternet.in returns - Economic Times
The net neutrality debate is heating up again. Nearly a week after Facebook launched its controversial "Save Free Basics" campaign on the social network.


Telecom
Reliance Communications, Aircel in talks to create India's No. 2 mobile operator
Reliance  Communications, Aircel in talks to create India's No. 2 mobile operator - IBNLive
India’s Reliance Communications is in talks to acquire Aircel, which would create a company holding about 20% of the country’s cellphone market.


Telecom
Vivo invests Rs 125 crore to set up India mobile manufacturing unit
Vivo invests Rs 125 crore to set  up India mobile manufacturing unit - Economic Times
The company kicked off production of three smartphones — Y11, Y21 and Y15S — from its handset manufacturing unit in Greater Noida, Uttar Pradesh.



Finance
Brotherly love adds bonus to Anil Ambani’s debt-reduction plans
Brotherly love  adds bonus to Anil Ambani’s debt-reduction plans - Livemint
Anil Ambani’s plans to reduce debt at R-Com by selling cellular towers and property are winning support from bond and stock investors


Finance
Reliance Communications in merger talks with Aircel
Reliance Communications in  merger talks with Aircel - Livemint
The deal, which excludes R-Com’s towers, could create a telecom firm holding the most spectrum in India


Finance
Distressed loan buyers muddy India's bad debt picture
Distressed loan buyers muddy  India's bad debt picture - Livemint
Asset reconstruction companies are choked by restrictive ownership rules that have made them less attractive investments


Finance
Finlit is the escape door for regulators and big finance
Finlit is the escape door for  regulators and big finance - Livemint
There is increasing evidence to show that putting people in a financial literacy classroom does little to improve outcomes outside of that room




Software
Tech Mahindra aims to boost productivity by 10% with its new automation tool
Tech Mahindra  aims to boost productivity by 10% with its new automation tool - Business Standard
In line with some of its large Indian peers, Tech Mahindra, India's fifth largest Information Technology (IT) services company has now come out with its own automation platform, AQT, which it expects, would help the company in showing at least 8-10


Software
Chinese tech-giant Huawei becomes world's 3rd largest mobile brand : Ships 100 million smartphones in 2015
Chinese tech-giant Huawei  becomes world's 3rd largest mobile brand : Ships 100 million smartphones in 2015 - Economic Times
Chinese tech-giant Huawei said its smartphone shipments have topped 100 million this year, breaking the record among domestic players.


Software
Government to take a comprehensive view and come out with a national policy for software products
Government to take a  comprehensive view and come out with a national policy for software products
The policy will take a comprehensive view of the sector and try to fix some longstanding issues pertaining to international tariffs, taxation and R&D.


Software
Vivo mobile phones aim to double manufacturing capacity, meet its demand locally
Vivo mobile phones aim to double  manufacturing capacity, meet its demand locally
The company kicked off production of three smartphones — Y11, Y21 and Y15S — from its handset manufacturing unit in Greater Noida, Uttar Pradesh.



Ecommerce
Online business-to-business marketplace Shotang raises Rs 33 crore in a funding round led by Exfinity Venture Partners and Unitus Impact
Shotang serves to connect retailers, distributors and manufacturers through an app-based platform to fulfil their sourcing requirements.

Ecommerce

Ecommerce
SBI enters into a tie up with strartup firm Ezetap to facilitate e-payment at the ongoing GKSF on a large-scale
KOCHI: In a bid to promote cashless transaction and digital payment in the State, State Bank of India (SBI) has entered into a tie up with strartup firm Ezetap to facilitate e-payment at the ongoing Grand Kerala Shopping Festival (GKSF) on a large-scale.

Ecommerce
Lesser Known Benefits Internet Companies Draw from Coupons & Cashback Partners
Lesser Known  Benefits Internet Companies Draw from Coupons & Cashback Partners - iamWire
eCommerce business is seeing a persistent growth in India and is expected to reach $8.5 billion with a growth rate of 63% by 2016.


Franchise
Franchisee Journey: From homemaker to franchisee with 55 Subways in Texas and New York
Franchisee Journey: From  homemaker to franchisee with 55 Subways in Texas and New York - Franchising.Com
Full-time homemaker started with one Subway in 1997 and today operates 55 Subways and 1 Wing Zone.


Franchise
Franchisee Newbies: Using the first 6 months to establish good habits for your new franchise
Franchisee Newbies: Using the  first 6 months to establish good habits for your new franchise - Franchise.Co.Nz
In this article from March 2002, the late Brian Salmon, founder of The $2 Shop, and Lorraine Butler outline the essential Do’s and Don’ts for new franchisees



HR
After long cooling-off period, Ajay Mathur to be TERI chief
After long cooling-off period,  Ajay Mathur to be TERI chief - Economic Times
Mathur, who was appointed as the new Director of TERI in July to replace RK Pachauri, will join as Director TERI next month.


HR
Why start-ups need diversity from the start
Why start-ups need diversity  from the start - USA TODAY
Most start-ups treat diversity an afterthought. We need to do better, this CEO says.


HR
Non-grads constitute 14% of 190mn people seeking jobs
Non-grads constitute 14% of  190mn people seeking jobs - Times of India
Recently released Census 2011 data shows that the share of those seeking or available for work is 15% among those who are educated up to matriculation and beyond.


HR


Logistics
May double our allocation to India if GST is passed in next few months: Mark Mobius
May double our  allocation to India if GST is passed in next few months: Mark Mobius - Economic Times
GST Bill is important as it will send signals to investors on how sincere politicians in India are to reform the economy, says Mobius.


Logistics
Infosys at work on a state of the art tech framework for GST after winning a landmark contract for the GOI for Rs 1,380 cr
Infosys at work on a state of  the art tech framework for GST after winning a landmark contract for the GOI for Rs 1,380 cr - Times of India
"From our end, the project is going ahead as per plans — the delay in the Bill getting passed has not stalled anything," said an Infosys executive.


Logistics
Jet Airways bus collides into Air India plane at Kolkata Airport; the temporary driver who was cat napping caused massive damage running into multiple crores
Jet Airways bus collides into  Air India plane at Kolkata Airport; the temporary driver who was cat napping caused massive damage running into multiple crores - Economic Times
Calling it 'gross act of negligence', Air India said it was a clear morning when the Jet Airways bus intruded into the space where the aircraft was parked. Airlines sources said the loss, which is being ascertained, will run into crores.


Logistics
Lok Sabha passes bill to develop 101 inland waterways to boost low-cost river transport in the country
Lok Sabha passes bill to develop  101 inland waterways to boost low-cost river transport in the country - Times of India
The National Waterways Bill 2015, aimed at developing 101 cost effective and eco-friendly inland waterways in the country to ease the burden of roads and railways, was passed in the Lok Sabha on Monday.



Construction
Rs 100 crore raised by Prateek Group for its Ghaziabad township project
Rs 100 crore  raised by Prateek Group for its Ghaziabad township project - Economic Times
The group recently raised Rs 135 crore from Indiabulls Housing Finance for an under construction project, Prateek Wisteria, in Sector 77 of Noida.


Construction
Mantri Developers raises Rs 165 crore from Piramal Fund for two projects
Mantri  Developers raises Rs 165 crore from Piramal Fund for two projects - Economic Times
The money has been raised as construction finance for two projects, including a residential property in Manyata Tech Park in Bengaluru, which received Rs 100 crore.


Construction
Prestige to shell out Rs 600 crore to buyout partners in Bengaluru projects
Prestige to  shell out Rs 600 crore to buyout partners in Bengaluru projects - Economic Times
Realty firm Prestige Estates will buy-back the securities held by Red Fort and Varidge Ventures in its project Exora Business Park at Bengaluru for about Rs 600 crore.


Construction
Lodha Group eyes growth in commercial realty space
Lodha Group eyes growth in  commercial realty space - Economic Times
Lodha Group, the countrys largest realty developer by sales, is now carving out a new vertical with strategic focus on commercial property developments.



Marketing
India, China to record strongest annual ad spend growth in 2016 : Warc
India, China to record strongest  annual ad spend growth in 2016 : Warc - Best Media Info
Advertising expenditure is set to rise 4.4% in 2016 following 2.2% growth this year. Global ad spends to increase by 4.4% at current prices in 2016. Internet is


Marketing
Are Indian creative agencies missing the digital bus? : Report
Are Indian creative agencies  missing the digital bus? : Report - Economic Times
Ad veteran Liqvd Asia's KS Chakravarthy on why now's the right and only time to switch to digital.


Marketing
Marketing Lessons from Bollywood : The Summer of Women in 2015
Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities


Marketing
Reliance Communications and Aircel in talks to merge wireless business
Reliance  Communications and Aircel in talks to merge wireless business - Medianama
Reliance Communications has entered into a non-binding but exclusive discussions with Aircel to merge their wireless business operations, the company informed via a notification on the Bombay Stock Exchange. The telecom operator said that is is in talks with Malaysia's Maxis Communicatio



Politics
Why PM Narendra Modi wants course correction: Aggression, raids prove counterproductive for BJP, govt
Why PM Narendra Modi wants course correction:  Aggression, raids prove counterproductive for BJP, govt
The carefully cultivated image of Narendra Modi as a leader who believes in the consensual approach lay shattered as the Opposition attacked his government for being “vindictive” against rivals


Politics
‘His blood boils when he hears my name’: Kejriwal demands Modi’s resignation after ‘flop raid’
‘His blood boils when he hears my name’:  Kejriwal demands Modi’s resignation after ‘flop raid’
Mounting a fierce attack on Prime Minister Narendra Modi, Delhi Chief Minister Arvind Kejriwal on Tuesday demanded his resignation over what he termed was a "flop raid".


Politics
Target 2019: Kejriwal’s anti-Modi moves are rooted in his ambition
Target 2019: Kejriwal’s anti-Modi  moves are rooted in his ambition
Arvind Kejriwal's rise, if it happens, won't be a tragic development for the BJP. It will immediately bring his ambition into conflict with other regional aspirants.


Politics
Arvind Kejriwal faces fresh court case for ‘defamatory’ remarks against PM
Arvind Kejriwal faces fresh court case for  ‘defamatory’ remarks against PM
A private criminal complaint has been filed against Chief Minister Arvind Kejriwal in a Delhi for using "defamatory" words against Prime Minister Narendra Modi following the recent CBI raid at the office of his Principal Secretary.



Sports
What a shot! 30 amazing sports photos
What a shot! 30 amazing sports  photos
Take a look at 30 amazing sports photos from December 15 through December 21.


Sports
We’re all focused on fighting for trophies, says Liverpool midfielder Philippe Coutinho
We’re all focused on fighting for trophies,  says Liverpool midfielder Philippe Coutinho
Liverpool, ninth in EPL table, meet fourth tier Exeter City in the third round of the FA Cup next month.


Sports
Legends who retired from international cricket in 2015
Legends who retired from international cricket in 2015
Some of the greatest players to have played the game announced their retirements in 2015. Here is a list.


Sports
What is this fuss about age, are we 50? asks Harbhajan Singh
What is this fuss about age, are we 50? asks Harbhajan Singh
For Harbhajan Singh, "age can never be a criteria" for ignoring any individual.



Entertainment
Jai Gangaajal trailer: Priyanka Chopra is a fierce cop in Prakash Jha film
Jai Gangaajal trailer: Priyanka Chopra is a fierce cop in  Prakash Jha film
Priyanka Chopra has come back into action in the trailer of her upcoming movie 'Jai Gangaajal'.


Entertainment
Natalie Dormer on board for ‘Hunger Games’ prequel
Natalie Dormer on board for ‘Hunger Games’  prequel
Natalie Dormer has revealed that she is open to doing more films in the "Hunger Games" franchise.


Entertainment
Delhi gangrape too heinous a crime to be forgiven: Priyanka Chopra
Delhi gangrape too heinous a crime to be forgiven: Priyanka  Chopra
Priyanka told The Indian Express.com, "I have always said that I don't agree with it. It's a heinous crime. It is unforgivable."


Entertainment
I don’t need to vouch for who I am, what I stand for: Shah Rukh Khan
I don’t need to vouch for who I am, what I stand for:  Shah Rukh Khan
I have not said anything I would apologise for. I won’t deny but I have been reading messages on the social media, he said.




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