February 29, 2016 - From GST to digital payments, here's what fintech startups want from Budget 2016

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk Come on VCs, stop playing games with us! I hear you are not letting your portfolio companies spend liberally on 'customer acquisition' any more. Imagine my horror when I called my favourite Indian VC-funded QSR chain yesterday, only to find out that prices are up 60%! Not 10%, not 20% - 60%! I immediately cut down an item to bring the total price under control. Not calling them again soon. Call me a spoilt Indian consumer, but that's what we do, especially when there are so many alternatives out there, and because you anchored me to a lower price for so long! That's the problem with the discount model, we get used to it. We don't want to pay full price any more. This wonderful piece by Haresh Chawla talks about several other traps Indian startups might find themselves in very soon - Comment Digital From GST to digital payments, here's what fintech startups want from Budget 2016 Budget 2016: From GST bill passage to encouraging digital payments, here's what fintech start-ups want - Here's what some of them told dna in a series of emails. Digital Sidbi to raise Rs 10,000 crore Stand Up India Fund corpus from RBI It has also committed Rs 300 crore of the Rs 10,000 crore 'Smile Fund' for small businesses announced earlier this year as part of the Start-Up India initiative, he said. Digital India's top angel investor Ratan Tata's next investment is home rental network NestAway Tata Sons chairman emeritus Ratan Tata has invested an unspecified amount in NestAway Technologies Ltd., the leading home rental network firm said. Advt:The Rise of Multi-Talented Freelancers A freelancer in 2016 must wear many hats. A freelance marketer for example, should have impeccable writing, PR experience, social media proficiency, and preferably some SEO skills Digital Government asks Google to choose telecom partner for testing its Internet baloon project Government has asked Google to select a telecom operator as partner for testing the balloon-based Internet technology, Loon Project, in the country. Digital JustDial launches single e-commerce app for all services Users can access different products and services through a single app Digital Maharashtra govt takes acction against Flipkart, Snapdeal, Amazon for e-tailing medicines without valid licence The Maharashtra government has taken action against e-commerce giants Snapdeal, Amazon and Flipkart which were selling medicines online without valid licences, Lok Sabha was informed today. "Food and Drug Administration, Maharashtra has taken regulatory action against Snapdeal, Amazon and Fl Retail Morgan Stanley marks down 'overvalued' Flipkart shares value by 27%, values it at $11 billion Morgan Stanley had picked up shares in Flipkart as a part of its series D round of funding in 2013, when the e-tailer had raised $360 mn in two tranch.. Retail Bringing brands closer to mom-and-pop stores Gurgaon-based Just Buy Live eliminates distributors and connects mom-and-pop retailers with consumer brands Retail Reliance Industries plans fashion ecommerce site AJIO.com under Jio brand AJIO.com has been tested among some employees since December. It will be opened to all employees later this week through an official communication, people said. Retail Maharashtra retailers divided over state retail policy A section feels the policy favours organised sector, but all of them welcome single-window clearance and removal of inspection raj Telecom Union Budget 2016: Telecom sector seeks skill development, incentives for infra push The telecom industry is expected to reach $37 billion in 2017, as per estimates while the availability of talent pool remains a grey area especially i.. Telecom Reliance Jio launch will push competition, consolidate spectrum "Data market will be first to face the impact of increased competition resulting in a decline in data average revenue per users," the agency warned. Telecom Project Loon India: Government asks Google to select a telecom partner Government has asked Google to select a telecom operator as partner for testing the balloon-based Internet technology, Loon Project, in the country. Telecom India's tech start-ups eye Chinese saviours Finance With Vijay Mallya's exit, USL can get down to business now Analysts said that USL will now be insulated from any legal challenges arising out of Mallyas defaults with banks, which will actually bring down finance costs. Finance What the railway budget reveals about the Union budget Prabhu’s budget, which focused on increasing efficiency of the public sector juggernaut, has budgeted for 2016-17 a `1.21 trillion plan outlay—23% higher than the current year’s budget estimate Finance Low expectations give room for post-budget bounce in markets The silver lining is that Indian markets have underperformed in the short term, and this may help contain damage if budget disappoints Finance Budget 2016: India Inc expects govt to simplify tax laws, lower cost of doing business Budget 2016: India Inc expects govt to simplify tax laws, lower cost of doing business - Finance Minister Arun Jaitley will present the Union Budget 2016-17 on February 29. Software Valuation review of technology and ecommerce companies like Flipkart new norm Valuations of tech and ecommerce companies like LinkedIn, Twitter and Alibaba taking hits, markdowns have become routine. Software Intex to expand Spanish business, to launch 3G, 4G phones by mid-year Intex will launch a range of 3G and 4G smartphones in Spain and expand its range of wearables in the Spanish market later this year. Software Apple’s tech allies rally in support of privacy, but that doesn’t mean they don’t want your data In its fight with the FBI, Apple insists it's defending the privacy and safety of all iPhone users. Other tech companies are rallying around Apple. Ecommerce Craftsvilla ventures into the food segment with the acquisition of Bengaluru-based food start-up PlaceofOrigin in an all-stock deal PlaceofOrigin was founded by two former bankers, Ashish Nichani and Sudarsan Metla, in 2014 Ecommerce Facebook co-founder Eduardo Saverin invests $11 million in Mumbai-based retailer Hopscotch Hopscotch, the Mumbai based babycare and kids products etailer, has raised $11 million in a second round of funding led by Facebook co-founder Eduardo Saverin and Los Angeles headquartered early Franchise Franchisee Journey: From roadside drummer to cruise travel franchisee Through Expedia CruiseShipCenters, franchisee Jon Harvill is helping others to experience his passion for new places. Franchise 5 Tips to reduce supply chain expenses and help your company prosper These top 5 tips of how to manage supply chain costs can work for brands of all sizes..... HR Jabong names former eBay India head Muralikrishnan B as COO Jabong has been in hiring spear in hiring top executives. After hiring Sanjeev Mohanty as CEO, Jabong has now appointed ex-eBay country manager, Muralikrishnan B, as the chief operating officer. HR Indian Economy needs to create enough good Safe Productive well-paying Jobs The Economic Survey 2015-2016 stresses that India being in the midway through its demographic dividend is providing an economic growth in terms of the working age share of the population. Hence to exploit this dividend and meet the growing aspiration of those entering the labor force, India’s Economy needs to create enough “good jobs”- jobs that are safe and pay well, and encourage firms and worke HR Jobs in UAE: Where Philippines ahead of Pakistan, but India on top Which nationalities land most well-paid jobs in UAE? HR Look at allocation in edu sector as an investment Logistics We will scrap 5/20 norm for airlines, have firmed up 3/4 options that will replace this rule: Mahesh Sharma Amid a war of words between old airlines and the Tata Group, which has two JVs with foreign airlines, over the 5/20 norm, the government on Friday said that this rule will soon be scrapped. Logistics Budget 2016: Fast roll-out of GST needed to have equitable tax system, says Triumph Motorcycle's MD Budget 2016: Fast roll-out of GST needed to have equitable tax system, says Triumph Motorcycle's MD - The government should also look into reducing the import duties for motorcycles that are 800 cc motorcycles and above, says Vimal Sumbly Logistics Railway Budget 2016: Prabhu should open the door to private investors to get Railways back on track While Prabhu has boldly stated that the operating ratio at the end of 2016-17 shall be 92%, everyone agrees that it is impossible Logistics To boost revenue, airport bound Delhi Metro to carry cargo now New Delhi: The Delhi Metro Rail Corporation (DMRC) has decided to start cargo services on the Airport Express line on an experimental basis from next month. From March 1 onwards, cargo services for Construction Indiabulls Real Estate Fund deploys Rs125 cr in Mumbai project With this deal, the fund has deployed almost 90% of its capital; remaining Rs50 crore to be deployed through another transaction Construction DLF's arm Tulip gets clean chit from CCI In both cases, it was alleged that the companies abused their dominant position but the fair trade regulator has rejected the charges Construction Smart City Bhubaneswar to have night bazaars The concept has generated enthusiasm among people when the BMC posted the idea on Facebook seeking suggestions from netizens Construction LT gets Rs 800-crore contract from LT for Gurgaon office complex The 12-acre project would be developed at a cost of Rs 1,100 crore and has a total leaseable area of 2 million sq ft Marketing How the FOMO Phenomenon Is Driving New Trends In Marketing : The Content Standard by Skyword FOMO is driving new trends in marketing. Brands that successfully tap into that feeling of missing out could more effectively influence user behavior. Marketing Here's what media, advertising agencies want from Arun Jaitley : Budget 2016 Budget 2016: Here's what media, advertising agencies want from Arun Jaitley - The media and advertising industry in India is one of the fastest growing in the world with a growth rate of 15.5% in 2016 Marketing 10 Killer Email Marketing Trends to Watch in 2016 : Report Almost a whole new year lies ahead and it is the ideal time to take a fresh look at your business goals and how you are going to take sound steps to achieve them. Whether it is a new business opened or you are leading a business for quite some time, the emerging marketing trends are likely to attract your attention.   Marketing Dabur marketing spends up 9.6% at Rs 350 crore : Q3-2016 BENGALURU: Dabur India Limited spent 9.6 per cent more year on year (YoY) towards advertising and publicity expenses (ASP) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) at Rs 350.01 crore (16.5 per cent of Consolidated Net Sales or Total Income from Operations or TIO) as compared to Rs 319.38 crore (15.4 per cent of TIO) and 25.7 per cent more quarter-on quarter (QoQ) than the Rs 278.42 crore (13.3 per cent of TIO). Note: 100,00,000 = 100 lakh = 10 million = 1 crore | Q3-2016: Dabur marketing spends up 9.6% at Rs 350 crore | Indian Television Dot Com Politics The day Mahishasur visited Rajya Sabha: Smriti Irani’s argument may be misguided, but it’s a discussion that must be had To question debates in such spaces is not just a violation of right to freedom but also sets a precedent suffocating any chance of reform and of an opportunity to better understand the society in which one lives. To use this as an argument to justify a crackdown on a university is nothing short of facisim. Politics Are you listening, netas?: Jat hooligans, not JNU dissenters, are anti-national The JNU students used words to express their dissent, while the Jat agitators wreaked havoc, causing extensive damage to public property. Politics Budget 2016: Will Arun Jaitley Be Able To Please Both Farmers And Investors? New Delhi-- India's Finance Minister Arun Jaitley faces a tough task of balancing the needs of farm sector as well as the industry when he presents his third and challenging Budget on Monday as he see Politics Indian Penal Code Needs Thorough Revision, Says President Pranab Mukherjee KOCHI -- Amid a raging debate on the sedition law, President Pranab Mukherjee today said the Indian Penal Code (IPC) requires a thorough revision to meet the needs of the 21st century and changes are Sports India vs Pakistan: Former Pakistan greats praise Virat Kohli Virat Kohli scored a responsible 49 to see India home against a formidable Pakistan attack while chasing 83 runs. Sports Real Madrid could be top if everyone was at my level, says Cristiano Ronaldo In a stinging rare post match media appearance, Cristiano Ronaldo questions his teammates' physical level in matching the rest of the teams. Sports Asia Cup 2016: Bangladesh beat Sri Lanka by 23 runs in Mirpur Bangladesh beat Sri Lanka by 23 runs in the Asia Cup 2016 contest in Mirpur on Sunday. Sports Sepp Blatter ‘relieved’ after FIFA elects Gianni Infantino as new president Banned from duty since October by FIFA's ethics committee, Sepp Blatter was barred from attending the election hall. Entertainment Finally, Leonardo DiCaprio wins his Oscar, for The Revenent Hollywood hits the Oscars red carpet Sunday for its annual show of glitz and pageantry honoring cinema's finest 0151 with a broiling row over diversity an awkward guest at the party. Entertainment Sylvester Stallone was rejected as extra in ‘The Godfather’ He may be one of the most popular stars of Hollywood, but actor Sylvester Stallone was once turned down as an extra in "The Godfather." Entertainment Director Rajesh Pillai dies at 41 Rajesh Pillai, director of hit Malayalam film traffic passed away today (February 27) at PVS hospital in Kochi. Entertainment Oscars going ‘from conversation to action’: Academy president Academy president Cheryl Boone Isaacs says the organization has begun implementing change when it comes to issues of diversity. 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