March 8, 2016 - Amazon India looking to build online payments business, through acquisitions

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk Amazon has built its empire on incremental shifts in retail convenience - starting with e-commerce itself. Enter Ether-commerce, where products order themselves, and you are never out of stock. In late 2015, its Dash Replenishment Service (DRS) came online. It's Dash Button but without the button: Manufacturers large and small can bake automated purchasing into their devices, so long as those devices run software and can talk to the Internet. As of January, Brother and Samsung printers, Gmate glucose meters, and GE washers began ordering supplies for themselves without human intervention. The whole thing seems preposterous, but didn't e-commerce once seem unlikely, too? In time, inevitably, we'll adjust to robot shoppers, for good or for ill - Comment Digital Amazon India looking to build online payments business, through acquisitions Amazons largest domestic rival Flipkart launched its digital wallet last week as online payments increasingly become pivotal. 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.   Digital Backer of Uber and Airbnb TPG Growth to invest in Indian consumer Internet startups TPG Growth, which owns a minority stake in Lenskart, is looking to partner with venture capitalists for future funding rounds Digital InMobi, TaxiForSure founders invest in fashion app Wooplr It had raised $5 million in Series A funding from Helion Ventures in February 2015. 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 B2B marketplace Ninjacart raises $3 million in Series A from Accel Partners, others Ninjacart, an online B2B marketplace that connects farmers and brands to retailers, has raised $3 million (around Rs 20 crore) in Series A funding round led by Accel Partners. Others who participated in this round include Qualcomm Ventures, M&S Partners (Singapore) and Zop Smart, the comp Digital P2P file sharing app Reach raises $500K from Japanese VC firm Rebright Partners, others The app lets users discover music, apps and free games from their friends' network. Digital Online medical support service platform Medidaili raises $100K from private investors Medidaili, a medical support service platform, has raised $100,000 from a consortium of private investors. The funding will be used towards product development, increasing brand presence and tying up with more number of diagnostic centres pan India. Retail Reliance Retail shuts over 20 stores in effort to cut losses Reliance Retail, the retail arm of Reliance Industries, has shut more than 20 stores in the country in the last nine months mainly in the value (food and grocery retailing) and jewellery formats as the company is focusing to reduce losses by shutting unprofitable stores. Retail Changing gears, Trent Hypermarket plans swift expansion Likely to open 20-30 stores in Maharashtra & Karnataka in FY17; expansion plan might require capex of Rs 100 crore Retail Domestic retailers lose out in high-end malls Homegrown retail brands are facing tough times in retaining their spots in top performing malls as a host of international brands make a pitch for quality real estate. Retail Woodland eyes global expansion, to open stores in countries like Russia and China Woodland, whose outlet count in the country crossed 600 mark this fiscal, already operates about a dozen international stores in Hong Kong, opened over the last three years. Telecom Morgan Stanley India telecoms report: Cash is king ahead of spectrum auctions, 'overweight' on Jio A sweeping Morgan Stanley India telecoms report for March stays "overweight" on Reliance Jio led by its high potential for savings leveraging existing licenses available with RCom. Telecom Mukesh Ambani's $20 billion bet on TV, telecom may rekindle wealthy brothers' rivalry Mukesh Ambani plans to spend around $2 billion over three years to capture India's TV sets, two people with direct knowledge of the matter said. Telecom Google prepares to test Project Loon in India in partnership with telecom providers Google's managing director for South East Asia and India Rajan Anandan told The Economic Times in an interview that the company is in talks with local tele Telecom TRAI warns telcos of legal action if directives aren't implemented A DoT official said telecom companies had voiced concerns over lack of clarity on policy concerning internet-based voice calls during a meeting Finance Did Kingfisher use Indian bank loans to pay F1 team's foreign loans? Did Kingfisher use Indian bank loans to pay F1 team's foreign loans? - It is suspected airline diverted loans to other Mallya firms to be routed to the racing team. Finance Why Ashok Leyland dragged Nissan to court Around Rs200 crore vendor liability figures quoted by Nissan are not in the JV’s books; the overall liability figures are only around Rs700 crore, far less than Rs1,200 crore quoted by Nissan Finance Does India have too many banks? Or too few? Bankers have "strongly supported" the idea of consolidation, suggesting the government to form a panel of experts to devise a merger strategy, Jaitley said. State-run lenders hold more than two-thirds of assets in India's banking industry. Finance Govt narrative on Aadhaar has not changed in the last six years: Sunil Abraham The bill is basically the same as the UPA version, with some cosmetic changes, and some tokenism towards the right to privacy, says Abraham Software Automation efforts reduce hiring by 24% for TCS, Infosys, Wipro, HCL and Cognizant The massive plunge in net additions was led by Cognizant Technologies (down 74.6 per cent from 2014) and HCL Technologies (down 71 per cent). Software Tech Mahindra leading the race to acquire Mphasis Tech Mahindra, Apollo Global Management and Blackstone Group are in the midst of due diligence before submitting final binding offers soon. Software Developing economies will contribute the next billion internet users, says Ravi Shankar Prasad Ravi Shankar Prasad has called for a open, plural and inclusive Internet and said that it should not become a monopoly of a few. Software Google to sign up telcom operators to provide internet to remote parts of the country Alphabet, is in talks with local telcos to kickstart its Google Loon project, after Sundar Pichai managed to secure support for project from the govt. Ecommerce Flipkart's former chief business officer Ankit Nagori joins the board of directors of photography-centric online marketplace Picsdream.com Online marketplace Flipkart’s former chief business officer Ankit Nagori has joined th Ecommerce Fashion Discovery-Commerce App, Wooplr, Raises Funding From InMobi & TaxiForSure Founders B2B marketplace startup Ninjacart has raised $3 million from VC firm including Accel Partners and Qualcomm Ventures, M&S Partners, and Zop Smart, the parent Ecommerce Budget hotel room aggregator OYO Rooms lowers its sights and now looking for at least a quarter of the $400 million it had set out to raise last November Budget hotel room aggregator could also find it tough to close its acquisition of smaller rival ZO Rooms HR French firm could create 4000 jobs under Make in India: Report An upcoming Ocean Thermal Energy Conversion project could have local Indian content of more than 60 percent of order values. HR 22 high-paying jobs for people who hate math AP Photo/Damian DovarganesYou don't have to love math to make a good salary.Did you dread math class as a kid? If so, that feeling probably didn't go away, HR 15 important jobs women have never held APKatharine Graham was the first female CEO of a Fortune 500.Women have come a long way since they started joining the workforce in large numbers in the late HR More women are needed to lead in health care in the UAE Women serve as doctors, nurses and paramedics in the healthcare industry but not enough of them are taking up leadership positions. Logistics Air India celerates International Womens day by flying high, operates world's longest all-women flight, 14500 km in 17 hours non stop from San fransisco to New Delhi Indian national carrier Air India successfully landed the world’s longest 100% women operated flight from Delhi to the San Francisco on Monday Logistics Air India to opt for 2 class configuration with business, economy class seats in A320 neos Buoyed by rising number of business travellers, Air India will opt for two-class seat configuration in the 14 Airbus 320 neo planes. Logistics Cannot disclose the revenue generated on sale of 13 Air India's Dreamliner, sold over three years : Government Mahesh Sharma said last week that "due to the confidentiality clause, the revenue generated on the sale of Dreamliner aircraft cannot be disclosed". Logistics Women, tribals to drive Modi's transport scheme in Maoist strongholds, working at ground level Some of India’s Maoist strongholds may witness a different kind of revolution when the government kicks off a pilot project on rural transport to be driven primarily by women, Dalit and tribal entrepreneurs. Construction Ajay Piramal is looking to buy distressed Indian assets It’s a good time to be in the market, says Anand Piramal Construction Rs 250 cr earned by Delhi-NCR brokers in 2015 from leasing deals Close to 65 leasing deals took place with an area of 50,000 sq ft and above and on an average, 2015 witnessed 3-4 deals per day Construction Property bill to be in Lok Sabha today After being introduced by home minister Rajnath Singh, the bill might be open for debate in the Lok Sabha subject to the Speaker's consent Construction Lodha in talks with 2 bankers and hire more for IPO as early as 2017 The company is likely to hire another five to six bankers, and the IPO may be launched as early as 2017. The size of the IPO could be over Rs 3,000 cr.. Marketing Emojis, The new advertising tool : Report Marketing 5 Clever Ways To Stay On Top Of Marketing Trends : Report Marketing Reforms in Agricultural Marketing : Report Invest in India platform for FDI (Foreign Direct Investment), Investment information, Indian States like Punjab, Karnataka etc, Indian City and Indian Industry wise guide along with various events, magazines and research reports. Marketing Star India eyes over Rs300 crore as ad revenue from World T20 : Report Main sponsors such as Flipkart, Nissan and Oppo are shelling out `25 crore for air time, according to estimates Politics When An Icon Comes To Power: Suu Kyi's Authoritarianism Could Prove Fatal For Myanmar Myanmar post-April will have the military in the doorway, Suu Kyi controlling the floor, a puppet president handling the seat, and speakers trying to make sense of the house. Unless Suu Kyi trusts her party enough to delegate, and step back from micromanaging the government, the entire system will collapse. It will also prove fatal for the country. Politics Why Can't Muslim Women Have Four Husbands, Asks Kerala Judge NEW DELHI -- If Muslim men can have four wives then why not women, asked a judge in Kerala, while declaring that personal laws followed by Muslims are heavily biased towards men, and religious leaders Politics PM Modi Asks Jaitley To Review Employees' Provident Fund Tax Proposal In what comes as some great news to the salaried class, the much criticised plan to levy tax on 60% of employees' provident fund withdrawal may be withdrawn. This government has decided to defer it Politics Why I Was Dismayed By Kanhaiya Kumar's 'Freedom' Speech First and foremost, I was delighted to hear about Kanhaiya Kumar's interim bail. However, I was deeply disappointed by the speech he gave upon his return to the JNU campus. I had been expecting him to act responsibly and to clarify that 'anti-national' slogans are not acceptable, not on the JNU campus nor anywhere else. Sports Virat Kohli, not MS Dhoni, is the finisher for me: Gautam Gambhir Gautam Gambhir went on to state that MS Dhoni should be clear about where he wants to bat in the order. Sports India enter ICC World T20 as No.1 team, Virat Kohli second in batsmen’s rankings In the absence of Sunil Narine of West Indies, second-ranked Ravichandran Ashwin will start as the highest-ranked bowler in the tournament. Sports MS Dhoni should play at number four and continue till 2019 World Cup: Virender Sehwag Virender Sehwag said MS Dhoni must lead the Indian side at least till 2019 50-over World Cup in England. Sports Team from Pakistan arrives in Dharamsala to assess security A team comprising Federal Investigation Agency Lahore Director and Pakistan Cricket Board Chief Security Officer arrived at Wagah border. Entertainment Kalabhavan Mani, famous Malayalam actor and singer dead Malayalam actor and popular folk singer Kalabhavan Mani passed away at a hospital in Kochi. Entertainment Gender bias is an issue nobody addresses: Kareena Kapoor Actress Kareena Kapoor Khan says the issue of gender bias is something which has still not become a centre of discussion. Entertainment Priyanka Chopra’s character will remain focal point of ‘Quantico’ Josh Safran, creator-showrunner of Priyanka Chopra-starrer American drama TV series "Quantico", says her character Alex Parrish will be at the centre of the show's plot across all upcoming seasons. Entertainment Priyanka Chopra starrer Jai Gangaajal earns Rs. 11.75 cr at the box office Jai Gangaajal starring Priyanka Chopra, which had a good start at the box office, has earned a total of Rs. 11.75 cr., in two days. 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