July 29, 2015 - Taxi hailing app Ola turns 'app-oholic': To shut website and become app-only platform

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Digital Taxi hailing app Ola turns 'app-oholic': To shut website and become app-only platform The cab-hailing service will operate its call centre only for customer support and assistance and not to take orders Digital Flipkart closes Rs 4,500 crore fund round, but can it compete with Amazon's $5 bn war chest plan Flipkart has closed a funding round of $700 million (Rs 4,500 crore) at a valuation of $15 billion, scooping up capital for the first time this year as the battle for dominance in the Indian online retail market heats up. Digital Side-effects of Automation: TCS, Wipro and Infosys combined have lost over 100,000 people in four quarters Experts say employees were also switching companies, based on career prospects and performance of their respective firms. Digital Former Microsoft India MD Srini Koppolu launches Veooz -- a multi-lingual news app The app will bring easy access to breaking news and important stories, selected from thousands of sources using patented algorithms. | Former Microsoft India MD Srini Koppolu launches Veooz app | Indian Television Dot Com Retail Flipkart Launches 20 Self Pick-Up Stores Indias biggest e-commerce player Flipkart has announced the launch of 20 stores across the country where customers can collect their shipments at their own convenient time. Retail Brick-and-mortar retailers rush to expand online As brick-and-mortar chains fall behind e-tailers, they are looking to adopt an omni-channel approach to stay in the game Retail The 21 coolest people in Silicon Valley under 30 SFGate SFGateAlong with Morgan Springer and Matt Kent, Gagan Biyani, 28, and Neeraj Berry, 27, launched on-demand fresh-food delivery service Sprig in November 2013. As CEO, Biyani's mission is for Sprig to become "the easiest way to eat healthy in the world.".sp;» Retail Amazon India hires new head for seller services from parent firm Amit Deshpande will be replaced by Gopal Pillai, general manager, consumer electronics, at Amazon Telecom With Airtel & Vodafone breathing down their neck, Reliance to launch 4G telecom venture with over 1 000 Jio Centres The story goes that some months ago an investor expressed impatience with Idea Cellular's stance that the Indian consumer wasn't ready for 4G or next-generati.. Telecom Digital India: Centre's new law to rationalise Right of Way procedures for laying telecom infrastructure Top government sources confirmed to ET that the Attorney General of India has given the go ahead to the Telecom Department for framing of rules under the Indian Telegraph Act, 1885 . Telecom Uninor looking to grow in India, says exiting Telenor CEO Jon Fredrik Baksaas Uninor may have faced existential challenges in India but all those are behind and the telecom operator is looking to grow its presence in the country Telecom Online & telecom services under lens The cyber cell of the Nashik police has warned the cyber café owners here against providing online services to those who fail to furnish their identity proof. Even mobile shopowners have been directed to ensure that required documents, including Identity card and proper photo, are collected before allocating SIM cards to the customers. Finance The Singhania vs Singhania Battle: what went wrong? Strife over inheritance of wealth comes back to haunt the Singhania family of Raymond Finance Mines Ministry asks states to consider SBI Capital, MSTC for auctions SBI Capital has been already been engaged by Coal Ministry as transaction advisor for coal block auctions Finance Rising bad debt hits PSU banks' health The performance of public sector bank majors such as Punjab National Bank, Union Bank of India, Bank of India and Syndicate Bank for the first quarter ended June, 2015 has disappointed stock market, investors and the a Finance Surging bad loans: Jaitley is worsening the problem by delaying public bank funding The survival of state-run banks in the long-term is inevitably linked to the government's willingness to cut stake in public banks and letting these banks raise capital Food/FMCG Maggi case: Nestle violated laws, alleges Maharashtra FDA The Food and Drugs Administration of Maharashtra today told the Bombay High Court that Maggi noodles manufacturer Nestle India violated laws with the lead level in the popular instant snack being above the permissible limit. Food/FMCG Under FSSAI lens, Venky's cuts supply of its processed chicken products Apart from delivering to hundreds of meat retailers in the country, the company also supplies to Indian outlets of fast-food chains. Food/FMCG Coca-Cola India undertakes first production cut in a decade The move comes on the back of falling sales for a while now Food/FMCG Local brands are most chosen in India: survey Parle, followed by Clinic Plus and Amul, are the top three brands in the IMRB Kantar Worldpanel's ranking of most chosen consumer brands in India Software Why Goldman Sachs is becoming a tech-investing and spending time in Silicon Valley? The inside story of how—and why—Goldman Sachs became a tech-investing powerhouse Software France's Altran makes 3rd acquisition in India : Buys Bengaluru-based semiconductor design company Sicon Design France's innovation and consulting firm Altran today said it has acquired homegrown SiC Ecommerce Snapdeal appoints Amit Maheshwari as the Chief Executive Officer of the recently acquired online premium fashion destination, Exclusively.Com Snapdeal today said it has elevated Amit Maheshwari as the Chief Executive Officer of the recently acquired online premium fashion destination, Exclusively.com. Ecommerce Big Basket to unleash 2-wheeler deliveries as hyper local model catches grocers' fancy The convenience of getting groceries delivered to one's doorstep is no longer good enough. Now e-tailers in the online grocery space are going a step further by adopting the hyper local model. This leads to shorter delivery times, brings in more efficiency into the whole bargain and these e-tailers get a bigger share of the customer's wallet. Ecommerce Gokul Rajaram, product engineering lead at payments firm Square, taking on the role of a special adviser at home design and decor startup Livspace Gokul Rajaram, product engineering lead at San Francisco-based payments firm Square, is taking on the role of a special adviser at home design and decor startup Livspace. Ecommerce Taking on the giants: Indias Jugnoo acquires three-year-old cab aggregator BookMyCab to battle Ola and Uber With this acquisition, Jugnoo wants to get a faster entry into bigger cities with taxi aggregation. Franchise Surprising facts about franchising in Australia Franchising is big business in Australia HR India's Top Recruiters: Cognizant tops ET's study; Wipro, Deloitte, HCL, ICICI follow These numbers reflect what is easily the most aggressive MBA talent drive in the five years that the ET Indias Top Recruiters study is being conducted. HR 7th Pay Commission Likely to Hike Salaries By 40%: Credit Suisse Credit Suisse says about one-third of Indias middle class is employed by the government and as the 7th Pay Commission comes through, there will be an improvement in discretionary spending. HR EPFO launches special drive for activation of UAN Employees Provident Fund Organization on Monday launched a special drive for activation of Universal Account Number, KYC seeding work and Aadhar enrolment camps in association with Unique Identification Authority of India. Logistics In talks with IndiGo, not SpiceJet: Qatar Airways, Indigo may look at a stake sale to the extent of Rs 2,500 cr Logistics Vijayawada railway is progressing, will see WiFi there soon: DRM Vijayawada railways progressing, WiFi will be introduced soon: DRM. The divisional railway manager, Ashok Kumar, south central railway, said that free WiFi services would soon be introduced at the stations. He said, "The railway authorities provide free WiFi to passengers for the first thirty minutes." Logistics Suresh Prabhu seeks higher pay for Railway Board Chairman, GMs Moots CRB on a par with COAS Logistics 'Experience Zones' or customer walk in centres being launched by Flipkart; these 20 pick-up centres in 10 cities will mitigate delivery issues 'Experience zones' will allow customers to collect shipments at their own convenience Construction Defence land to be unlocked to serve India's cities In just 4 cities—Bangalore, Pune, Lucknow and Chennai—it can provide for 29 lakh housing units, 15% of India's total affordable housing requirement Construction Rs 500 crore raised by Prestige Estates Prestige Estates Projects said it has raised Rs 500 crore through issue of non-convertible debentures and the fund would be utilised for expansion and acquisition. Construction Mortgage lender HDFC's net profit up in Q1 Shares of Housing Development Finance Corporation fell over 2 per cen after the company's June quarter earnings failed to impress investors... Construction Don't take posession for incomplete house Ask developer to complete the house, or compensate for deficient service. Legal route is also available Marketing The Role of Innovation is Less in FMCG Marketing, Than Telecom : Shubhajit Sen Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities Marketing Alibaba Group Hold Ltd Signs Agreement With Real Madrid Real Madrid football club announced Sunday that they have signed a deal with Alibaba to sell merchandise in China. Real Madrid has setup a.. Politics Land bill row: Congress, JD(U), CPI(M) seek 'total withdrawal' of proposed changes by NDA Congress, CPI-M and JD-U have sought a "total withdrawal" of proposed changes by the NDA government in the 2013 Land Act. Politics Post-Godhra riots, BJP used APJ Abdul Kalam's presidency to counter 'anti-Muslim' image Some names were discussed and that list included Dr APJ Abdul Kalam. But no BJP leader and even George Fernandes was confident that Kalam would oblige to play a political game. Politics Gurdaspur attackers had come using Ravi river, had more plans Politics AAP govt removes posters, hoardings critical of PM Sports Terror will have to completely go before India-Pakistan series could happen: Sourav Ganguly backs BCCI Gurdaspur attacks had prompted BCCI secretary Anurag Thakur to declare that cricket between India and Pakistan will take a backseat for a while. Sports Sachin Tendulkar pays last respects to APJ Abdul Kalam Kalam, aged 83, passed away on Monday in Shillong where he had gone to deliver a lecture to IIM students. Sports Archers make Rio Olympics cut as Deepika Kumari pulls her weight Deepika Kumari, alongside Laxmi Rani Majhi and Rimil Buriuly shot confidently to win qualification for the 2016 Games. Sports 20 Mind-Bending Sports Facts Facts can be your best friend or your greatest enemy—it all depends on the situation. Of course, sometimes "the facts" aren't really the facts , which makes knowing how ... Entertainment Actors think 100 times before working with independent filmmakers: Muzaffar Ali Muzaffar Ali says actors are nowadays unsure about working with independent filmmakers as they are more inclined towards big budget and mainstream cinema. Entertainment 'Top Gun 2′ would be fun to do: Tom Cruise Tom Cruise says he would love to do a sequel of his 1983 hit action drama 'Top Gun'. Entertainment Why Alfred Hitchcock movies grab our attention found The movies of Alfred Hitchcock nicknamed the 'Master of Suspense' have made our palms sweat and pulses race for more than 65 years. Entertainment Relief for Salman Khan as Rajasthan HC admits 5 witnesses The move means the case will now linger as the lower court will have to re-examine the five prosecution witnesses. 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July 28, 2015 - US bank Goldman Sachs bets big on Indian startup space; invests $100 million in online furniture brand Pepperfry.com

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Digital US bank Goldman Sachs bets big on Indian startup space; invests $100 million in online furniture brand Pepperfry.com U.S investment bank, Goldman Sachs Group Inc. is leading a $100Mn investment in Mumbai-based Pepperfry.com, an online home and furniture marketplace. As reported by WSJ. Digital What's making 2015 the 'year of the app' in India's e-commerce universe There is an app-craze sweeping India's consumer Internet world. Founders and CEOs have time only to sing praises of the mobile app and the growth it is dri Digital IT secretary Ram Sewak Sharma is the new TRAI chief The government has named Ram Sewak Sharma, currently the IT secretary, as the next TRAI chief, bringing in the popular 'software coding expert' Digital Online healthcare startup Zoctr gets $1 million in angel funding This is Zoctr's second fundraising. Retail Jewellers keep fingers crossed on gold prices Jewellers are keeping their fingers crossed about gold prices while pointing to two possibilities - a further fall or maintenance of status quo... Retail India's First Online Order of Lava Pixel V1 Delivered Within 2 Hours by the Mobile Store-FED The MobileStore Ltd. India's largest smartphone retailer has just launched the Lava Pixel V1 with AndroidOne through FED: Fastest Expert Delivery advantage by partnering with Google on (www.android.com/one/india/), where those looking to purchase the latest Lava pixelv1 online can buy it through The MobileStore FED Service that delivers the phone at your doorstep or your office within two hours. Retail Driven by Private Labels, Reliance Retail increases Revenue and Profits Driven by the growth in sales of private labels, Reliance Retail reported nearly 19% jump in profit before depreciation, interest and taxes (PBDIT) in the first quarter of current financial year 2015-16. In absolute numbers the PBDIT has increased from Rs 171 crores to Rs 203 crore. The revenues have also risen 17.5% to Rs. 4698 crore. Retail Pepperfry Raises $100 Million from Goldman Sachs, Others The fourth round of funding will be used to strengthen the companys logistics, technology platform, experience centres and marketing efforts. Telecom Get ready for faster, high-speed internet as Reliance Jio, Airtel race to roll nationwide 4G services Telecom biggies are clearly in a race to rollout nationwide 4G services.While Reliance Jio has said that it will roll out its 4G services by December, India's largest telco Airtel is on course for launch of its 4G wireless data service across 44 cities ahead of rival Reliance. This means that consumers will be spoilt for choice with high-speed internet at affordable rates. Telecom Another auction of telecom spectrum with 700 MHz band for 4G likely to be held soon DoT is planning another bumper auction of telecom spectrum that may even surpass record sales in March. Likely to be held early next year, this will include frequencies in the 2G, 3G and 4G bands. Spectrum in the prized 700 MHz band for 4G may also be on offer for the first time ever Telecom Idea decides to bridge gap with peers, to roll out 4G in 10 service areas next year The story goes that some months ago an investor expressed impatience with Idea Cellular's stance that the Indian consumer wasn't ready for 4G or next-generati.. Finance ICICI to sell Rs 1,000 crore NPAs from Tulip Telecom, Falcon Tyres to ARCs ICICI Bank has put two stressed assets with an exposure of Rs 1,000 crore on the block to be sold to asset reconstruction companies, market sources said today. Finance Pepperfry raises $100M from Goldman Sachs, Zodius & others Mumbai-based Pepperfry.com, an e-commerce marketplace for furniture, home decor and appliances, has secured $100 million in funding from Goldman Sachs Group Inc and Zodius Technology Fund. Finance RBS to sell private banking business to Sanctum Wealth The move to sell the private banking business comes a few months after the management decided to exit the Indian market Finance Axis Bank signs $200 million loan agreement with ADB Axis Bank signed a USD 200-million, seven-year bilateral loan agreement with the Asian Development Bank. Food/FMCG Marico CMO Satpathy resigns, Anuradha Aggarwal from Mondelez to take over The company said that Satpathy will continue in the company till September 15 to facilitate a seamless transition to his successor. Food/FMCG India showing improved consumer sentiment: Rakesh Kapoor, CEO, Reckitt Benckiser "The pickup in emerging markets was mixed with an improvement in consumer sentiment in some countries, such as India." Food/FMCG Pincon Spirit plans Rs 400 crore expansion PSL, which posted sales of Rs 602 crore in fiscal 2015, has informed shareholders that it would step up business volume in West Bengal, Karnataka, Odisha, Jha.. Food/FMCG Consumer Confidence in India Rises to 4-Year High: Nielsen According to global information and insights provider Nielsen, in the second quarter of 2015, Indias consumer confidence score rose to 131 followed by Philippines (122) and Indonesia (120). Software Lava to invest Rs 2,615 crore to set up two manufacturing units : Will have a combined capacity of 18 million handsets per month Domestic handset maker Lava will invest Rs 2,615 crore over the next seven years to set up two manufacturing units in the country, in line with the government.. Software Tech Mahindra may not be able to meet its forecast of $1.25 bn revenue run rate, says Vice-Chairman But achieving $1 billion revenue run rate by December is no problem, says Vineet Nayyar Software Cognizant tops ET's study of India's Top Recruiters with more than 192 offers at B-School campuses These numbers reflect what is easily the most aggressive MBA talent drive in the five years that the ET Indias Top Recruiters study is being conducted. Software Nasscom plans to help startups and connect them with tech giants Some of the world's biggest companies have come together to give Indian startups a leg up, under a programme launched by Nasscom. Ecommerce Flipkart closes Rs 4,500-cr fund round in big ecommerce race from existing investors including Steadview Capital Flipkart has closed a funding round of $700 million (Rs 4,500 crore) at a valuation of $15 billion, scooping up capital for the first time this year as the battle for dominance in the Indian online retail market heats up. Ecommerce Ola in advanced talks with investors to raise Rs 3,150 crore; imminent deal could see a steep hike in company's valuation to over $4.5 b New Delhi: India continued to lead the worldwide shopper confidence index, with the rating in the second quarter of 2015 reac Ecommerce Flipkarts f Qck to take on Amazons Kirana now; partners with logistics and delivery startup Roadrunnr For its new hyper-local business called 'f Qck', Flipkart has partnered with logistics and delivery startup Roadrunnr... Ecommerce Housing.com bags five awards at the prestigious National Award for Marketing Excellence hosted by CMO Asia for its Look Up campaign Real Time News, India Housing.com bags five awards at the prestigious National Award for Marketing Excellence hosted by CMO Asia for its 'Look Up' campaignReal Time News, IndiaHousing.com swept awards across five key categories including "Brand Excellence in e-commerce and Internet Business Sector", "Emerging Brand Award" and "Best New Brand, Product and Service Launch". Housing.com's 'Look Up' was also awarded "Marketing Franchise Thinking of franchising your business? Make sure to fully assure costs and prepare your business for franchising before committing - Franchise AdviceThere are many entrepreneurs who proudly claim that they started franchising their businesses without any money, but then later admit they would do things very differently (with a lot more planning and capital resources beforehand) if they had their time over again. HR Goldman Sachs leads $100-mn investment in furniture startup Pepperfry.com Largest investment raised by sector-focused e-tail player HR India eCommerce industry on a 'aqui'hiring spree Indian eCommerce industry, which is at its best these days, is 'aquihiring' these days and is looking for not just skilled people but innovative ideas as HR Accenture identifies employee engagement as crucial to organizational growth and development HR Rising income inequality strongly linked to decline of unions: IMF paper There is a marked decimation in the power of unions across the world as contractual, casual labour grows Logistics Agra roadways pitches for e-buses; will lower cost dramatically from Rs 25/km on CNG to Rs 7/km on an electric bus Logistics Live: Mumbai, Pune on high alert; curfew in Gurdaspur as terror attack leaves 11 dead In a dual terror attack in Gurdaspur, Punjab, early on Monday morning gunmen first attacked a state roadways bus and then entered a nearby police station and opened fire, injuring around 10 people. Logistics Truckers' stir completes 10 days: Govt to review freight charges in the mineral rich area of Sundargadh and Keonjar Districts The truckers' strike in mineral-rich Keonjhar and Sundargarh districts over freight price for mineral transportation entered the 10th day on Monday. Logistics Builders swell BMC's kitty by 12000cr in 3 yrs; this is the second largest source for the countrys richest Municipal corporation Builders are now virtually bankrolling the Brihanmumbai Municipal Corporation (BMC), the country's richest civic administration. Construction Bharti Realty ties up with Eros Group for building houses in Surajkund Bharti Enterprises' real estate firm Bharti Realty on Monday said it has tied up with Eros Group to develop a housing project at Surajkund. Construction West Bengal gears up for the Start Cities challenge Debashis Sen, principal secretary, Urban Development Department, Government of West Bengal talks to ET's Tasmayee Laha Roy on the state's smart city plans... Construction Oakland is sued by Real Estate Developers Over New Public Art Ordinance Real estate developers are suing the city of Oakland over a new law that requires them to set aside funds to commission and install public art in new residential and commercial buildings. The law — technically an amendment to the city's Construction Things you should check before investing in a retirement home There are several aspects to look at if you are considering investing in real estate for your retirement years. Marketing How Two Entrepreneurs Found A Way To Sell Sustainable Luxury In India : For Less What began as a simple ode to the old-world leisurely lifestyle that India once boasted, two female entrepreneurs have turned into an enterprise that is testament to the power of the country's e-commerce market, when they decided to dip their toes into the business of selling sustainable luxury. Marketing Honda, Hero prepare for final showdown : Report As Honda draws up aggressive plans to expand into the rural market, Hero MotoCorp is readying a new range of scooters Marketing New ventures take root as ecommerce players seek to tap mobile users : Report At least half a dozen ventures have emerged around the estimated Rs 94,500-crore Indian ecommerce industry, capitalising on its bid to fuel transactions on mo.. Marketing The $250 million YouTuber branding economy Oliver Luckett is a matchmaker, connecting puts young online stars together with brands. Politics Dr Kalam Was A True Indian And His Passing Leaves A Void That Can't Be Filled His dedication, love and commitment to the country was unparalleled. He was 110% an Indian. He was a great team builder and leader, and had this phenomenal ability to bring together people from different disciplines and enthuse them to work together. His contributions to India's space and various sensitive defence projects are tremendous. Politics Forensic tests show downed drone operated by India: Pakistan Army Politics Kalam's's death: TN to observe mourning for a week Politics Karnataka Lokayukta Son Arrested For Extortion Racket Karnataka's anti-corruption watchdog, or Lokayukta, long held as the model anti-corruption ombudsman, had a shattering fall from grace after Ashwin Rao, the son of the Lokayukta chief, Bhaskar Rao, wa Sports South Africa to play four Tests, five ODIs, three T20Is during 72-day tour of India In an era of truncated tours, South Africa will spend 72 days in the country playing four Tests, five ODIs and a three-match T20 series. Sports Suresh Raina leaves MS Dhoni-owned Rhiti Sports, inks Rs 35-crore deal with IOS Raina said he made the move because he wanted more focused attention on both his cricket as well as his commercials. Sports Shah Rukh Khan's Trinidad and Tobago Red Steel crowned CPL T20 2015 champions Shah Rukh Khan bought stakes in the CPL franchise in June. Sports Political tension puts India-Pakistan series in doubt Anurag Thakur, the BCCI secretary, has said that any bilateral series between India and Pakistan was unlikely until the political relationship between the two countries was stable Entertainment Would Drishyam be the third blockbuster in July Would Drishyam be the third blockbuster in July? - BollywoodHungama.com news. July has brought mammoth success to Bollywood with S S Rajamouli's Bahubali and Kabir Khan's Bajrangi Bhaijaan Entertainment Hang Tiger Menon not his brother Yakub tweets Salman Khan 'Hang Tiger Menon not his brother Yakub' tweets Salman Khan - BollywoodHungama.com news. Salman Khan, who has been in news with the success of his latest film Bajrangi Bhaijaan, stirred up a controversy late last night as he tweeted out in support of 1993 Mumbai blast accused Yakub Menon Entertainment Ajay Devgn to produce a film starring Kajol to roll in December Ajay Devgn to produce a film starring Kajol, to roll in December - BollywoodHungama.com news. Ajay Devgn is excited about the release of Drishyam but what the superstar is also looking forward to, is a series of films he will be shooting for and also his home productions Entertainment Kareena Kapoor Khan to play man of the house in R Balkis film Kareena Kapoor Khan to play man of the house in R. Balki's film - BollywoodHungama.com news. In R TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief 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