December 8, 2015 - CarDekho parent firm Girnar Software hires ex-Zomato CFO Umesh Hora as finance head

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Blog Sree Vijaykumar From the Editor's Desk Amongst India's seemingly obstructionist statements and negative position at the recent Paris climate change summit, was lost Prime Minister Modi's laudable initiative 'International Solar Alliance'. Initially suggested by him at the India-Africa Summit last month, the initiative already has 100 countries interested, including 50 which will participate at the official launch. While the agenda is fairly nebulous at this point, the steering committee will deliberate every Wednesday on areas of co-operation, including training, building institutions and promoting common standards for solar energy use. Renewable energy is looking increasingly viable as an option for the common man, as costs drop and grid connectivity improves. Case in point is Uruguay, which has quietly transformed to the point where 95% of its energy needs are now provided by renewable sources. It has also smartly diversified between wind, solar and biomass, all using market mechanisms and good governance - Comment Digital CarDekho parent firm Girnar Software hires ex-Zomato CFO Umesh Hora as finance head Jaipur-based Girnar Software Pvt Ltd, the company behind auto portal CarDekho and BikeDekho, has roped in Zomato’s former finance head Umesh Hora as its chief financial officer (CFO). Looking for like-minded folks? Coming Soon All Signal, No Noise!   Advt: Get qualified leads for your business TradeBriefs introduces automated mobile number verification, progressive qualification and other API-based verification. Save time and money! Digital Music streaming app Saavn appoints former PepsiCo exec Gaurav Wadhwa as VP Music streaming app Saavn (South Asian Audio Video Network) has appointed Gaurav Wadhwa, former senior marketing consultant at PepsiCo India, as vice president of entertainment and original content. Digital Fashion e-tailer Myntra closed $500 million GMV: CEO Online fashion retailer Myntra closed the second quarter of the financial year with annualized gross merchandise value (GMV) of around $500 million and 66 per cent growth in top line, helped by lower discounts, the CEO of the Flipkart unit said on Monday. Digital Pune-based food tech startup Faasos gets $30 million from Ru-Net at a valuation of $130-160 million Faasos Food Services, which owns restaurant chain Faasos, has raised $30 million in funding round led by Russian investment firm ru-Net at … Digital Hyderabad-based logistics startup Cargo Exchange in talks to raise $2 million Hyderabad based logistics service provider, Cargo Exchange is in final talks to raise $2 million from a group of investors whose names have … Retail 23 Flipkart Internet employees draw more than Rs 1 crore salary annually Flipkart Internets employee benefit expenses swelled threefold to Rs 476 crore, according to its filing with the Registrar of Companies. Retail Ecommerce companies want government to keep aggregators out of GST Indias rapidly expanding ecommerce companies are lobbying the government to keep aggregators that run marketplaces out of the proposed GST net. Retail Faasos raises Rs 200 crore in fresh funding at a time of gloom for on-demand food startups Faasos Food Services has raised $30 million (about Rs 200 crore), managing to secure funds at a time when several of its competitors are forced to sca.. Retail SelectCity Walk takes on etailers with home delivery service “Today, we handle 20-25 deliveries without any marketing with a very small team and investment, but we know the number would be quite large once it .. Telecom Telcos Set to Ride on 4G Band for the Next Wave of Growth KOCHI: The mobile revolution in India was swifter than internet penetration, thanks to the entry of global telecos and availability of affordable mobile handset... Telecom DoT set to club 4G airwaves in 1800 MHz band for seven circles The Department of Telecommunications (DoT) will soon start consolidating airwaves in the 1800 MHz band in seven circles, including Delhi and Kolkata. Telecom Mobile app payments: Paytm to MobiKwik, the digital wallet is expanding As mobile app payments grow in India, with apps like Paytm, MobiKwik, PayUMoney, the digital wallet is expanding in a big way. Telecom Gionee P5W announced with 4G, reportedly coming to India Considering its features, if launched in India, the Gionee P5W would be priced in the low end segment.. Finance Banks, financial firms game for India Post venture With India's postal department receiving the Reserve Bank's nod to set up non-lending payments banks in August 2015, the UK-based Barclays PLC BCS. Finance How you can make short term gains in tax-free bonds Though tax-free bonds are long duration products, there is no need for ‘short and medium term investors to shy away from them, for there are several trading opportunities here. Finance Bulk of StanChart's India business unaffected by bad loans, says William Winters Group CEO of Standard Chartered William Winters and regional head Ajay Kanwal on how India is a key market, renewed focus on retail lending and bad loans affecting the banking system Finance GST rates: Will India be competitive? Standard tax rate of 17-18% suggested by the Arvind Subramanian panel under proposed GST is lowest when compared with suggestions by various panels Software Cybercriminals using fake LinkedIn accounts to scam users: Symantec Scammers copy information from real LinkedIn profiles to pose as recruiters and attract new connections, it added. Software Global PC market woes show no sign of easing The market is "expected to stabilize by the end of 2016 and grow slightly" in the following three years, helped by replacement of older machines, IDC said. Software Infosys to create 250 new technology jobs in Ireland The new roles are in addition to more than 250 employees that are already working for Infosys in Ireland. The new project has been supported by the Department of Jobs through IDA Ireland. Ecommerce Ola poaches Flipkart executive Joy Bandekar to join its core leadership team as corporate president to head its new initiatives arm Prior to Flipkart, Bandekar worked at eBay Inc and had stints with Reliance Industries, Maxworth Orchards and Atcom Technologies Ecommerce Messaging-based delivery startup MagicTiger acqui-hires its peer Instano for an undisclosed amount Messaging-based delivery startup MagicTiger has acquired its peer Instano for an undisclosed amount, reports TechCircle. Instano is a chat-based ecommerce Ecommerce Myntra to roll out offline experience zones in the next 12-18 months to provide customers with a touch-and-feel experience of products Mobile application only fashion retailer Myntra has tentative plans to roll out offline experience zones in the next 12-18 months, its chief executive Ananth Narayanan said. HR Make in India: IIT students reject Rs 1 crore overseas offers Make In India, Stay In India HR Mandating CSR spends akin to taxation: Ratan Tata Tata was speaking to reporters on the sidelines of an event to announce tie-up with online education platform Khan Academy. HR Need to Enhance Skill Devolopment, Says CM KOCHI: The activities of ‘Naipunya’ (skill development), aimed at linking skills with labour, have instilled new hope among job-seekers, said Chief Minister Oom... HR How the state can foster innovation Innovation requires sustained support, and short-term perspective for financial markets is not conducive for the growth of innovation-driven start-ups Logistics Indian markets take a fall after GST panel recommends 40% tax Indian stocks fell for the fourth session on Monday after the value of shares of cigarette marker ITC went down when a panel to review the Central Government’s policy on Goods and Services Tax suggested a 40 per cent tax on tobacco products such as pan masala and tobacco.   Logistics Air India doubles revenue to Rs 213 cr in Fy14/15 from Star Alliance, who brought 150,000 passengers in 2014/15 compared to 66,000 the previous year Star allows member-airlines to sell tickets jointly, earn and burn miles, use common infrastructure and coordinate flight schedules to improve passenger feeds Logistics Competition Commission of India imposes penalties on three major airlines for cartelisation on fixing fuel charges; Jet, Indigo and Spice face and Rs 151, 63 and 42 cr respectively The Competition Commission of India (“CCI”) by its recent (“Order”), levied penalties of `1,516,900,000 (Indian Rupees One billion five hundred… Logistics Delhi's move to reduce air pollution by allowing either odd or even numbered cars to ply on alternate days is good but public transport must improve:Beijingers "Half of the cars (in Delhi) will not be on roads. The Delhi transport system capacity is not capable of ferrying so many people," Congress member Pramod Tiwari said. Construction Overhang of equity dilution stays for GMR Infra After the deal with Kuwait Investment Authority, concerns are that there would be another dilution following the FCCB conversion at Rs18 per share Construction GST looks a step closer to reality; experts bullish According to official estimates, GST implementation can bring in positive effect of 1.0-1.5% in GDP, depending on the GST rate Construction Should you buy or rent a house? The Urgency-to-Buy ratio indicates the extra payment one has to make every month in order to buy a property instead of renting it Construction Smart city: Rs 8,000 crore proposal for Bhopal gets final touches After incorporating suggestions on financial model, the proposal would once again be reviewed on Monday Marketing Amagi expands TV ad network to international markets : Report Indian advertisers can reach more than 200 million viewers worldwide on B4U Network and Zee Bangla across to US, Europe, Asia, GCC, Canada, Africa and Australia.   MUMBAI: Amagi has expanded its India ad network to key international markets like North America, Canada, Africa, Australia and Asia. Amagi will now offer an advertising platform to Indian advertisers with B4U Network and Zee Bangla in these international markets. The company’s move will now enable Indian advertisers to reach more than 200 million viewers on these channels.   | Amagi expands TV ad network to international markets | Indian Television Dot Com Marketing Islands of hope in the sexist world of startup advertising : Report Two startups have finally shown how to move beyond sexist clichés and capture the pulse of modern, young India. Marketing Facebook to partner telcos, OEMs for customized advertising : Report Facebook to team up with Bharti Airtel, Vodafone, and mobile phone manufacturers like Micromax Informatics and Samsung to offer them customized advertising. Marketing Will Indian brands look to Nielsen DAR? : to measure effectiveness of digital campaigns? Politics Lessons from PM Modi’s Pakistan diplomacy menu: Serve it cold, keep it bland and bar media from the table Kudos to the Modi government for taking diplomacy back to shadowy, discreet chambers, and away from media spotlights and studios. Politics Parrikar wanted OROP but was pressurised by corrupt people in Cabinet, says Ram Jethmalani Defence Minister Manohar Parrikar was in favour of granting 'One Rank, One Pension' (OROP) to ex-servicemen but pressure was exerted on him by his cabinet colleagues on the issue, legal luminary Ram Jethmalani on Monday claimed even as he launched a scathing attack on Prime Minister Narendra Modi. Politics ‘Judiciary should be made accountable’: Lok Sabha MPs disapprove of SC’s decision to scrap NJAC Act Members of the Lok Sabha on Monday came out strongly against the scrapping of the National Judicial Appointments Commission (NJAC) Act by the Supreme Court and pitched for accountability of judges. Politics It’s a deal: Congress, NCP join hands for Maharashtra Legislative Council polls The Nationalist Congress Party will contest the forthcoming Maharashtra Legislative Council polls in alliance with the Congress, a senior party leader said on Monday. Sports Ind vs SA, 4th Test, Stats: India register biggest Test win India eclipsed the 320-run win over Australia under Mahendra Singh Dhoni's leadership at Mohali in 2008-09. Sports Virat Kohli, Ajinkya Rahane, Ravi Ashwin dedicate series win to people of Chennai Ajinkya Rahane among other Indian cricket team stars remembered Chennai victims after the match. Sports I’m unbeaten and intend to stay that way: Vijender Singh on his next bout Vijender Singh sailed through his first two professional opponents, beating Sonny Whiting and Dean Gillen. Sports Ajinkya Rahane is probably one of the most important player in our middle order: Virat Kohli Virat Kohli shared a 154-run stand with Ajinkya Rahane and said batting with him was more satisfying than his own knock. Entertainment Rohit Shetty reveals all the action behind the scenes of Shah Rukh Khan’s ‘Dilwale’ In a video titled, 'Heart behind Action', Rohit Shetty talks about the hard work and commitment that goes behind filming action scenes. Entertainment Confirmed! Deepika Padukone will work with Vin Diesel in the new XXX film Deepika Padukone's "Piku" co-star Irrfan Khan confirmed the news of the actress signing 'XXX' opposite Vin Diesel by congratulating the her. Entertainment Never made remarks against Tamil Nadu government: Kamal Haasan Kamal Haasan denied making any remarks against the Tamil Nadu government with regards to the flood relief activities in the state. Entertainment Anoushka Shankar, Asif Kapadia earn Grammy nominations Sitarist Anoushka Shankar and 'Amy' director Asif Kapadia are among the Indian origin names featuring in the nominees list at the 58th Grammy awards. 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