March 15, 2016 - ShopClues in talks to acquire mobile payments startup Momoe for $10-12 million

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk Nobel laureate Joseph Stiglitz, economist and professor at Columbia University, suggests that American inequality didn't just happen; it was created (and is getting worse). In this excerpt from his book, he says that those at the top have learned how to suck out money from the rest in ways that the rest are hardly aware of - that is their true innovation. Many of the individuals at the top of the wealth distribution are, in one way or another, geniuses at business (rather than science or technology, which are what truly drive human progress). Steve Jobs was number 110 on the Forbes list of the world's wealthiest billionaires before his death, and Mark Zuckerberg was 52. But many of these "geniuses" built their business empires on the shoulders of giants, such as Tim Berners- Lee, the inventor of the World Wide Web, who has never appeared on the Forbes list. Berners-Lee could have become a billionaire but chose not to - he made his idea available freely, which greatly speeded up the development of the Internet. Indian inequality is even worse and has additional dimensions such as crony capitalism and caste/class based discrimination, where the powerful reinforce the inequality to stay wealthy at the expense of the poor - Comment Digital ShopClues in talks to acquire mobile payments startup Momoe for $10-12 million ShopClues is reportedly in talks to acquire mobile payments startup, Momoe Technologies for $10-12 million, mostly in stock. Post … Advt: View your FREE Gartner presentation: How to Take a First Step to Advanced Analytics This presentation will provide you with the fundamental information you need to understand the requirements for getting started with advanced analytics, and planning for the new skills and tools needed. In this presentation Gartner Research Director, Lisa Kart will answer a number of key questions including: • What are best practices to get advanced analytics initiatives off the ground? • What are the choices for Hadoop architecture and deployment?   Digital Advertising tech firm Vdopia's APAC head Preetesh Chouhan quits to float startup Advertising technology firm Vdopia Media and Software Solutions Pvt Ltd's senior vice-president, APAC, Preetesh Chouhan has put in his papers. At Vdopia, Chouhan's responsibility included expanding the company's footprint in South East Asia, besides fuelling overall growth, both o Digital Paytm looks to sign up 4 million stores this year for mobile payments- NFC World Indian mobile payments platform Paytm plans to double its in-store merchant acceptance to four million locations this year, its CEO has said. Advt: Improve your Strategic Plans using the Gartner Predicts tool. Last date for Early Bird Discounts for IODC 2016. Register Today! Gartner analysts share their top predictions for 2016 and beyond. As the digital wave advances, Gartner analysts discuss the future of I&O and its implications for end-user organizations and solution providers. Use Gartner Predicts as planning assumptions on which to base your strategic plans.   The Responsible Business Summit Asia 2016 - Empowering Suppliers & Engaging Customers Leverage value chain opportunities and minimise supplier risks to ensure business longevity. The Responsible Business Summit Asia 2016 will bring together leading supply chain, procurement and sustainability professionals to discuss and understand why value chain sustainability is vital for commercial growth. Digital Infibeam turns profitable; to be first e-commerce firm to hit market with an IPO Two of the four bankers have opted out of managing the IPO. Digital Reliance Industries arm GenNext Ventures to invest in 5 startups GenNext Ventures will work with entrepreneurs to build digital platforms Digital Amadeus Capital eyes marketplaces, ed-tech, fintech, SaaS startups in India Amadeus Capital is betting on marketplaces, edtech, fintech and product-based SaaS (software as a service) companies in India. Retail Amazon applies for e-wallet licence, Takes on Paytm, Flipkart Money In a move aimed at building its presence in the payments space, Amazon’s India arm has applied for a semi-closed wallet licence with the RBI. A central bank committee is expected to review new applications next month. Amazon is looking to open up the wallet for third-party platforms as well. Retail Small packs at affordable prices will be a big growth driver: Venkatesh Kini, President, Coca-Cola India - Venkatesh Kini, president, Coca-Cola India and South West Asia speaks about the company's product portfolio, consumption behaviour, distribution, new products, expansion etc. Retail The story of BPL's amazing comeback, riding the online wave on the shoulders of Flipkart BPL, a legacy brand that was written off, is staging a comeback into consumer homes with an exclusive partnership with Flipkart Retail After Uttarakhand, Bihar, Assam, many more states planning levy on ecommerce goods While U'khand, Bihar, Assam have already imposed an entry tax, some other states, including Gujarat, MP and Rajasthan, are considering a similar levy. Telecom Indian telcos accused of under-reporting revenue The Comptroller and Auditor General of India (CAG) has accused six of the nation's operators of under-reporting revenue over a five year period, costing the exchequer 124.89 billion rupees ($1.89 billion).   Telecom Notice to government, Reliance Jio over 4G tower Rajasthan High Court on Monday issued notices to the state government and Reliance Jio over the illegal installation of a 4G tower at Pushpanjali colony near Mahesh Nagar area on Monday. The court gave the next date of hearing on April 5.   Telecom Telecom operators spending more money on top subscribers to preserve bottomline Typically, to qualify as a high-value premium customer you would need a post-paid bill of a minimum of Rs 3,000 a month, he said. Telecom BSNL to soon install multi-functional 'zero base' mobile towers in India The concept of a 'zero base' is that it can be used as a Wi-Fi hotspot, street light, and camera. Finance Is India Inc coming back to Indian banks for their credit needs? The recent spurt in bank credit growth may lead to believe that Indian firms are coming back to the banking fold for their credit need, but the reality could be more nuanced. Credit grew 11.6 per cent year on year from 9 per cent in October. Surely, Finance We will use imported LNG as fuel for railways: Dharmendra Pradhan Oil minister Dharmendra Pradhan says the government is preparing a road map for making available affordable fuel for mass transportation Finance Sebi paper proposes two methods to redefine ‘control’ in companies Move primarily aims at making mergers and acquisitions smoother and free of legal hassles Finance Recovery on, now help India grow, Arun Jaitley tells opposition Finance minister’s reply to debate on Union budget in Lok Sabha implicitly blames previous Congress-led UPA for mismanaging economy Software Micromax, once a rising star, struggles In Micromax's slide to second place is a tale of the promise and peril of India's booming but hyper-competitive smartphone industry. Software UK's Campden Wealth joins hands with Patnis to enter India Campden Family Connect, a JV between Patni’s family office RAAY Global Investments and Campden Wealth will have Indian members with assets worth $30 million and above Software Android Marshmallow coming to Xperia Z5, Z5 Premium and Z3 Plus “If you have #Xperia Z3+ / Z5 / Z5 Premium - it's " M for the weekend " time. #India \m/ :)” Software Channel Partners account for 40% of Dell's sales in India Almost two years after Dell revamped its go-to-market strategy, channel partners account for 40% of the American computer technology companys sales. Ecommerce Paytm plans to double the salaries of around 200 employees across the company, to reward their noteworthy performance Paytm currently has 4,500 employees, of which 15-20 per cent have already been given ESOPs. Ecommerce CommonFloor lays off at least 100 of its employees who were unable to find suitable roles at Quikr India CommonFloor was acquired by Quikr in January 2016, and was said to be downsizing its team after the news of the acquisition was made public Ecommerce Ecommerce bigwigs like Amazon and Flipkart bank on on-demand services platforms to keep buyers happy Apart from long contracts of a year or two, the marketplaces also look for customised services from on demand services companies, willing to pay a premium. Ecommerce Agarwal Packers & Movers invests $15M in Trucking Cube; investment will help to reduce losses because of goods that gets damaged in-transit Agarwal Movers Group, a packing and moving company, has invested Rs 100 crore (~ $14.9 million) in Delhi based Trucking Cube, a logistics provider which offers HR Four ways to grow your start-up Why do so many start-ups that seem to have it all run off the rails? HR No new jobs created in 10 years The Sixth Economic Census released by Delhi government on Monday shows a worrisome employment scenario. It has now become evident that with no new jobs created in over a decade, joblessness is on the rise. HR Mastering the Art of "Just Start" | Life Hacker India For most of us, there is nothing more daunting than coming face-to-face with a blank page. Sure, a tabula rasa means you can take a project in any direction,   HR Perform and prosper: Indian companies to employees Perform and prosper: That's the message India Inc is sending out to employees this appraisal season with many corporates readying to pay their top performers up to 200% higher increments and bonuses than average performers. Logistics GST poses a big risk for Indian solar industry if current tax exemptions dont stay : Report Bridge to India, a renewable analyst house, feels if GST is implemented, input cost or tariff will rise by anything between 12-20% in the sector. Logistics Why just Kingfisher Airlines? Govt should also look at Air India, a bottomless pit for years: Mohandas Pai It is pertinent to raise the red flag over airlines’ finances and their cost management strategies now because apart from the usual risk factors, heightened competitive intensity will become an added burden if crude oil prices start climbing up. Logistics Delta expands network between North America, Europe and India with a codeshare aggrement with Jet and KLM Royal Dutch Jet Airways to start daily flights to Amsterdam from March 27 - The relocation of Jet Airways European gateway to the Dutch capital Amsterdam from Brussels will enhance and strengthen the connection between India and the Netherlands, airline chairman Naresh Goyal said on Monday. Logistics Pokhara city and airport prepare for India-Pakistan discussion on the side Even as Indian officials rule out a meeting of foreign secretaries until a Pakistani investigating team visits the site of the Pathankot terrorist attack, both sides have confirmed their foreign ministers will meet. Construction Hope for progress in the real estate sector after passage of Real Estate Bill The bill will help increase transparency and reduce information asymmetry Construction Political parties in Gurgaon to get prime land for district roots A new Huda policy guideline says plots will be allotted to parties that have a presence in the assembly, the first time that political outfits will ge.. Construction 300-acre industrial park will be developed by Mahindra Lifespace arm in Gujarat This will be the second industrial park by the company after it built the 650 acre industrial park in north Chennai along with Japan's Sumitomo Corpor.. Construction Lodha Group sells 2,000 homes in proposed 88-acre Thane project The project will be developed in multiple phases with the current one comprising of 3,500 apartments with 1 and 2 bedrooms, housed in 27-30 storied to.. Marketing Cloud computing trends put B2B marketers in the drivers seat : Report As data has become the most coveted business asset that can be efficiently and cost-effectively stored in the cloud, there is a big... Marketing India Hyperlocal Market is expected to reach INR 2,306 Crore by 2020 : Report The market leaders, Grofers (Groceries), Pepper Tap (Groceries), Roadrunnr (Logistics), Shadowfax (Logistics), Foody’s (Food), Swiggy (Food), 1mg (Health) and Local Oye (Horizontal) are expected to enhance their customer expectations by better customer services and on-time delivery in order to attract rapid investments.   Marketing Financial Marketing Trends and Tactics Provide Path to Success : Report The trends and tools impacting bank and credit union marketing continue to change, providing a 'moving target' for marketers trying to succeed.   Marketing Millions of Views Is Not a Measure of Advertising Effectiveness Advertising is meant to effect a change - either in behaviour or attitude. In my book, the most effective advertising is that which achieves a behavioural change - be it a simple purchase or some other 'act'.   Politics Ethics Committee only took cognisance of the Mallya case, did not make any decision: Karan Singh The Ethics Committee of Rajya Sabha headed by Congress veteran Karan Singh on Monday took cognisance of the issue of Vijay Mallya, who has allegedly defaulted on over Rs 9,000 crore bank loans. Politics RSS me budha aadmi half pant pahanta hai: Rabri Devi claims her criticism got Sangh to switch to full pants Senior RJD leader Rabri Devi onMonday sought to claim credit for RSS quitting shorts in favour of trousers, saying this has happened due to her stinging comments. Politics Trinamool struck by bribery sting, Opposition guns for Mamata Poll-bound West Bengal's ruling Trinamool Congress on Monday faced an embarrassment after several of its leaders were allegedly caught on camera accepting bribes. With the opposition coming out all gun blazing, the Trinamool rubbished the claims calling the videos "doctored" and part of a "smear campaign" against it. Politics RSS deserves praise for seeking review of quota policy; will political class follow suit? The brainstorming by the RSS on the reservation issue assumes much significance as BJP president Amit Shah also spoke at the meet on the concluding day. Sports ICC World T20: India favourites but favourites don’t always finish at top India start the ICC World T20 as clear favourites but they have to deal with the likes of South Africa, New Zealand, Australia and Pakistan. Sports ICC World T20: Javed Miandad blasts Shahid Afridi for ‘India love’ Javed Miandad said Pakistan had gone to India to play in the World T20 but it didn't mean that the players should pander to the hosts. Sports TABLE: Leicester go five points clear Visit Goal.com today for the current Premier League table, results and all the latest football news. Sports How Serial Entrepreneur Mark French Became A Sports And Entertainment Industry Disruptor What’s the secret to success? Money? Connections? Education? While most spend their entire lives hoping they will one day stumble across the answer to this seemingly age-old mystery, in actuality, they need to look no further than serial entrepreneur Mark French, who has been a living embodiment of that answer for [...] Entertainment How Aamir Khan lost 13 kilos in six months for Dangal Aamir Khan is on a weight losing spree to play the role of a young wrestler in Dangal. Entertainment Virtual walk to wilderness of ‘The Jungle Book’ with Jon Favreau Big challenges were faced by Jon Favreau as he embarked on a quest to reopen "The Jungle Book" on the silver screen. Entertainment I want my films to initiate social change: Pakistan’s Oscar winner Sharmeen Obaid-Chinoy A proud winner of two Oscars, Pakistan's celebrated filmmaker Sharmeen Obaid-Chinoy says for her a "bigger accomplishment" is the fact that her films prompt dialogue for social change. Entertainment With ‘Pugazh’, Surbhi hopes to get busy in Tamil filmdom Actress Surbhi hopes to get busy in Tamil industry post the release of "Pugazh", which releases in cinemas on Friday. 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