Monday, February 29, 2016

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

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Sree Vijaykumar
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
From GST to  digital payments, here's what fintech startups want from Budget 2016 - Daily News Analysis
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.


Union Budget 2016-17: Return of Good Days?
ibm
If there is one policy event that is awaited every single year, it is the Union Budget. And this year is no different.

Digital
Sidbi to raise Rs 10,000 crore Stand Up India Fund corpus from RBI
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
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
Payoneer
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 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
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
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
Bringing brands closer to  mom-and-pop stores - Business Standard
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
Reliance  Industries plans fashion ecommerce site AJIO.com under Jio brand - Economic Times
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
Maharashtra retailers divided  over state retail policy - Business Standard
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
Union Budget  2016: Telecom sector seeks skill development, incentives for infra push - ETTelecom.com
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
Reliance Jio  launch will push competition, consolidate spectrum - Economic Times
"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
Project Loon  India: Government asks Google to select a telecom partner - The Indian Express
Government has asked Google to select a telecom operator as partner for testing the balloon-based Internet technology, Loon Project, in the country.


Telecom


Finance
With Vijay Mallya's exit, USL can get down to business now
With Vijay Mallya's exit, USL  can get down to business now - Livemint
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
What the railway budget reveals  about the Union budget - Livemint
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
Low  expectations give room for post-budget bounce in markets - Livemint
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 - Daily News Analysis
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
Valuation  review of technology and ecommerce companies like Flipkart new norm - News
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 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
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
Facebook co-founder Eduardo  Saverin invests  $11 million in Mumbai-based retailer Hopscotch - Enterprise Innovation
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
Franchisee Journey: From  roadside drummer to cruise travel franchisee - Entrepreneur
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
5 Tips to  reduce supply chain expenses and help your company prosper - 1851 Franchise
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 names former eBay India  head Muralikrishnan B as COO - BGR India
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
Indian Economy  needs to create enough good Safe Productive well-paying Jobs - The Hans India
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
Jobs in UAE: Where Philippines  ahead of Pakistan, but India on top - Emirates 24|7
Which nationalities land most well-paid jobs in UAE?


HR


Logistics
We will scrap 5/20 norm for airlines, have firmed up 3/4 options that will replace this rule: Mahesh Sharma
We will scrap 5/20 norm for  airlines, have firmed up 3/4 options that will replace this rule: Mahesh Sharma - Times of India
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 - Daily News Analysis
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
Railway Budget 2016: Prabhu  should open the door to private investors to get Railways back on track - Firstpost
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
To boost revenue, airport bound  Delhi Metro to carry cargo now - Times of India
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
Indiabulls Real Estate Fund  deploys Rs125 cr in Mumbai project - Livemint
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
DLF's arm Tulip gets clean chit  from CCI - ET Realty
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
Smart City Bhubaneswar to have  night bazaars - ET Realty
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
LT gets Rs 800-crore contract  from LT for Gurgaon office complex - ET Realty
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
How the FOMO Phenomenon Is  Driving New Trends In Marketing  : The Content Standard by Skyword - News
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
Here's what  media, advertising agencies want from Arun Jaitley : Budget 2016 - Daily News Analysis
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
Dabur marketing spends up 9.6%  at Rs 350 crore : Q3-2016 - Indiantelevision.com
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
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
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?
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
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
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
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
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
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
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’
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
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
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.






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