May 4, 2016 - End of Housing? Snapdeal close to acquiring Housing.com, common investor SoftBank facilitates $50-100 million deal

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk King Abdullah once banned his brash nephew, all of 26 at the time, from setting foot in the Ministry of Defense after rumors reached the royal court that the prince was disruptive and power-hungry. Later, the pair grew close, bound by a shared belief that Saudi Arabia must fundamentally change, or else face ruin in a world that is trying to leave oil behind. Today, Prince Mohammed is effectively the power behind the world's most powerful throne and the man responsible to move Saudi Arabia into the next century. Western diplomats in Riyadh call him Mr. Everything. He's 31 years old. The ascendance of a third-generation prince was of acute interest to the half of the population that's under 25, particularly among the growing number of urbane, well-educated Saudis who find the restrictions on women an embarrassment. However, things are not going to be easy. Youth unemployment is at 30 percent and many are venting on Twitter. Also, supporting more freedom for women will mean taking on the powerful religious establishment. - Comment Digital End of Housing? Snapdeal close to acquiring Housing.com, common investor SoftBank facilitates $50-100 million deal Common investor SoftBank facilitates $50-100-m deal Outlook Business Smart Enterprise 2016 - 17th May, Hotel St. Regis, Mumbai A unique one-day event that will bring together all stakeholders on a single platform to deliberate over how India can harness the true potential of its SMEs. Digital Pune-based entrepreneur accuses IAN, Zippr of IP theft; angel network calls it baseless Shrikant Kunden, a Pune-based entrepreneur and founder of LastMile Digital Solutions Pvt. Ltd, has filed a criminal complaint against India’s largest network of angel investors and a Hyderabad-based startup for breach of trust and misuse of confidential information. Kunden has alleged that the New Delhi-based Indian Angel Network (IAN) passed on his intellectual property, including trade secrets, to location management startup Zippr Pvt Ltd. He has also named Gagan Aggarwal, who was IAN incubator manager, in the complaint filed with the Pune police. Digital Flipkart taking 20 companies to court over online advertisement dues ranging from Rs 90,000 to crores Ecommerce major preparing cases against about '20 companies' to recover dues & has filed first case against Western Digital for recovery of over Rs 1 crore. OneDirect’s Quest 2016 - India’s largest Customer Experience Management Summit More than 200 marketers and customer service professionals from leading brands across India participated at Quest 2016 to discuss the future of customer experience management in India. The event also saw the presentation of the Quest Customer Experience Awards 2016. Digital Fashion app Myntra to relaunch desktop site Myntra expects 15-20% of its sales in this financial year to come from the return of the website Digital Career planning service startup iDreamCareer gets funding from BCCL’s Brand Capital iDreamCareer.com, a career planning services portal, has raised an undisclosed amount in pre-series A funding from media house Bennett, Coleman and Company Ltd’s ad-for-equity investment arm Brand Capital. iDreamCareer, run by Delhi-based education-technology company Medhavi Professionals Services Pvt. Ltd, will use the funds for brand building and marketing. Digital Blume Ventures backs Pagalguy’s learning app Prepathon Education network Pagalguy, run by Inzane Labs Pvt. Ltd, has raised and undisclosed amount in its pre-Series A funding from Blume Ventures for its Prepathon app which provides virtual training for students preparing for competitive exams. The funds will be used to add 50 more courses to Prepathon, which currently has courses for banking, government, management and engineering exams. The app, which was launched in August 2015, has 1,50,000 users. Retail Flipkart, Snapdeal ask top brands to run campaigns, demand parity with offline retail chains While some brands are wary about a backlash from offline retailers, others are amenable to the idea, viewing it as support for an additional sales channel. Retail Shoppers Stop net profit declines 129% Standalone net profit of Shoppers Stop fell marginally by 1% to Rs10.17 crore in the March quarter, from Rs10.30 crore a year ago Retail LeMall follows Mi.com with its own brand of e-commerce in India LeMall's India website is currently in beta and will be selling company's earphones and bluetooth headphones Retail Ola experimenting with third-party logistics service Using delivery fleets of defunct Ola Store and Ola Cafe, pilot project is servicing 30-40 Bengaluru restaurants Telecom SC reserves verdict on call drop compensation The telecom industry is incurring heavy investment in terms of spectrum and is facing debt to meet its costs, telcos tell SC Telecom India's Idea has big picture on 4G, data Telecom Apple CEO Tim Cook says people really want smartphones in India Telecom Vodafone, government begin talks to settle Rs 14200 crore tax row Vodafones recently unveiled initial public offering plans suggest theres been a move towards some sort of understanding. Finance How much does your mutual fund manager earn? Analysis shows some funds let only investors access data, others warn them against sharing the information Finance Govt agrees to changes suggested by parliamentary panel on bankruptcy bill India is ranked 136 among 189 countries in the World Bank’s index in the category of resolving insolvency and its overall raking is 130 Finance Top 50 defaulters of PSBs had exposure of Rs1.21 trillion Jayant Sinha says the number of wilful defaulters of PSBs rose from 5,554 to 7,686 in three years to December 2015 Finance Sebi’s new view on settlements may resolve old cases such as RIL’s Sebi likely to allow most capital market infractions to be settled under the consent mechanism where a fine is paid without any admission of wrongdoing Software Why Apple can't import or sell second-hand phones in India? Govt has sounded out Apple that it is in-principle against allowing import and sale of second-hand phones in India to prevent dumping of hazardous e-waste. Software With competition from product firms, Indian IT players are altering their hiring strategies Competition from product companies, change in the customer's technological requirements and changing technology landscape is forcing IT players to change their hiring strategy.Firm like IBM, Tata Consultancy Services (TCS), Infosys, Wipro, and Software Google acquires Toronto-based business technology startup Synergyse With an aim to scale training offerings to its customers and its customers' users, tech giant Google has acquired a Toronto-based business technology start-up Software Outsourcing providers and BPO firms cut home drops, arrange stays to tackle the diesel taxi ban Transport managers, having to work with severely depleted fleets because a bulk of cabs still runs on diesel, are wracking their brains for solutions. Ecommerce Snapdeal close to buying Housing.com for $50-$100 mn; the talks for the deal on since December According to sources and investment bankers, the talks for the deal were on since December and the deal could be finalised for $50-100 million, the pu.. Ecommerce Myntra withdrawing from its mobile-only strategy, to relaunch a desktop version of its website next month in an attempt to bring back lost customers Myntra is withdrawing from its mobile-only strategy and will relaunch a desktop version of its website next month in an attempt to bring back lost customers and drive growth. Ecommerce PaGalGuys learning app Prepathon raises funds; funding to be used to add an additional 50 courses to the platform The funding to be used to add an additional 50 courses to the platform HR Telangana govt partners with SAP for tech training of graduates Telangana Academy for Skill and Knowledge is a nonprofit organization created by the Ministry of IT, Telangana to offer quality human resources and services to the industry. HR Hiring RoI – The future of optimizing recruitment: TimesJobs.com study In the study, 62% organizations said they are making hiring mistakes and 53% blame it on the lack of proper tracking mechanisms and measurability. HR A job for every Indian The Labour Bureau has compiled statistics for job creation in labour-intensive sectors in the country each quarter since the 2008 global financial crisis. The latest figures show that 1.35 lakh jobs HR Fixing India's jobs machine Employment patterns are changing due to technology, emergence of new forms of enterprises, demand for social security, need for new skills and the way enterprises are regulated Logistics Cab wars at airport get murky, passenger beaten at Raipur Airport Raipur: In an incident that raises serious concern over security of passengers, an industrialist was threatened and brutally beaten by a cab contractor at Swami Vivekananda international Airport in Raipur after he booked an Ola cab to travel to his destination. The young industrialist, Vinay Agrawal, director of Hira Group of Industries, sustained injuries on chest, ear and ribs. Logistics BJP and Congress are working to reach a deal on important bills, GST When Dr.Subramanian Swamy, took the name of Congress President Sonia Gandhi in connection with AgustaWestland in the Rajya Sabha, all hell broke loose. Within no time, daggers were drawn from both sides, throwing the functioning of the house in turmoil. Sonia Gandhi called it character assassination on the part or the government, while BJP president Amit Shah thundered - Sonia Gandhi must tell us who are the bribe takers. Logistics Gold biscuits weighing 2 kg seized at Mumbai airport Gold smuggling into India has steadily increased over the years, according to the Indian government. Logistics Bidders ditch Indian Railways' Rs 2500 crore train tender, 5 shortlisted parties refrain from submitting tenders In what is set to further delay Indian Railways' plans to adopt train-sets or Electrical Multiple Units (EMUs) for faster inter-city travel, none of the five short-listed bidders for railways' Rs 2,500 crore tender submitted quote by Tuesday, the Construction Nashik smart city app linked to govt website "We are linking this app to the government website to ensure more transparency," said a civic officer. Construction Demand for heat-proof homes rise in Thiruvananthapuram To beat the heat, many city residents have opted for heat-resistant roof and paints. Most of them do not find air conditioners affordable and such hea.. Construction Rehab Plan for Metro-III in Mumbai's Girgaum is in place Currently, projects on plots measuring 4,000 square metres and above are eligible for approval under the cluster policy. In case of Metro-III, though,.. Construction Mumbai civic body plans to issue work orders for Rs 12,000 crore coastal road by October The BMC wants to issue work orders for the coastal road project by October. At least seven jetties will be constructed along the coastline. The cons.. Marketing Top 3 ecommerce mobile marketing trends to look out for Check out these top 3 ecommerce mobile marketing trends to look out for in 2016! Marketing Decoding OPPO India’s Digital Marketing Strategy During The ICC T20 World Cup Smartphones have become the first love for many Indians. We go to bed and wake up in the morning with our smartphones tucked in our hands. The 5-inch screen has become our best friend today and is … Marketing #ReadyForLife: Surf Excel Urges Parents To Encourage Their Kids To Share Parenting in the new age is like a hurdle-ridden journey marked by the pressures of competition, a fast-paced life, the personal career chase with little or no time to spend with your kids. The pro… Marketing Data-Driven Marketing Decisions Spark Growth Politics No honourable exit for Mallya? Rajya Sabha Chairman rejects resignation Liquor baron Vijay Mallya sent a resignation letter to the Rajya Sabha, however, Chairman of the Upper House, Hamid Ansari rejected the resignation letter Politics Rahul, Sonia ignoring Kerala Dalit student’s rape-murder: BJP MP Meenakshi Lekhi BJP attacked the Congress over the rape and murder of a Dalit woman in Kerala, saying Rahul Gandhi has refrained from making a comment on the incident Politics Hardik Patel willing to give undertaking if granted bail Hardik Patel's lawyer told the Guj HC that Hardik is willing to give an undertaking to refrain from activities that affect law and order if granted bail. Politics Telugu Desam Party’s annual conclave to be held in Tirupati from 27 May The annual conclave of the Telugu Desam Party (TDP) will be held in the temple town Tirupati of Andhra Pradesh from 27 to 29 May. Sports UEFA Champions League: In Munich, Atletico Madrid book a ticket for Milan Atletico Madrid book a spot in Champions League final on away goals despite losing to Bayern Munich 2-1 in second leg. Sports Leicester City cannot repeat their title glory: Claudio Ranieri Claudio Ranieri reckoned that he did not want to sell any of his players, some of whom may well be the target for bigger clubs Sports Who said what after Sachin Tendulkar accepted IOA’s invitation of becoming India’s Goodwill Ambassador for Rio 2016 Olympics The Indian Olympic Association joined up Sachin Tendulkar and Abhinav Bindra as India’s goodwill ambassador for Rio Olympics Sports Doing well in Champions Trophy is crucial: Sardar Singh Speaking about the trials held on Monday, chief coach Roelant Oltmans said he is pleased with the team's progress Entertainment Leonardo DiCaprio joins advisory board of Ecuadorian Beverage Company Leonardo DiCaprio has joined the advisory board of Runa after making an investment in the Ecuadorian beverage company. Entertainment Not keen on Hollywood films yet, says SS Rajamouli Filmmaker S.S. Rajamouli, whose magnum opus "Baahubali: The Beginning" is still winning honours, is not interested in Hollywood as of now. Entertainment Salman Khan – Kabir Khan’s next to have larger than life political backdrop After "Ek Tha Tiger" and "Bajrangi Bhaijaan", Kabir Khan says he will be exploring "larger than life political backdrop" next with Salman Khan. Entertainment Anurag Kashyap has been my mentor, says Neeraj Ghaywan Director Neeraj Ghaywan, who got a National Film Award for his first directorial "Masaan", says he owes all his success to his mentor and filmmaker Anurag Kashyap. 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