Wednesday, February 17, 2016

February 17, 2016 - Paytm intros 'no transaction fee' for offline merchants

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
So what is the definition of a startup? As per Paul Graham of YCombinator, a startup is a company that is designed to grow really fast (5-7% a week is an internal YC benchmark). That's it. Nothing else matters. Growth could be revenue or it could be active users. Of course, trickery like bribing users with more money than their lifetime value doesn't count. The beautiful thing about being narrowly focused on growth is that other factors like capital, talent and eventually revenues and profits generally follow if you have growth. But growth is elusive and is never smooth, even in the case of seemingly seamless journeys like that of Facebook or early days Twitter. These companies had to employ growth teams whose job was to ensure that user growth continued from millions of users to tens of millions to hundreds of millions. With Twitter user growth stalling and LinkedIn showing a drop in user engagement, their stock prices have taken a beating recently, so the thinking extends to Wall Street too - Comment


Digital
Paytm intros 'no transaction fee' for offline merchants
Paytm intros 'no transaction  fee' for offline merchants - News
Paytm has introduced ‘no per transaction fee for consumer-tomerchant offline wallet transactions to encourage digital money transfer on the platform.


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
Amazon to acquire Noida-based online payment processor Emvantage Payments
Amazon to  acquire Noida-based online payment processor Emvantage Payments - Times of India
The company appears to have learned important lessons from its experience in China.


Digital
Online coupon and discount startup GrabOn opens Hyderabad office
GrabOn, a company dealing in online coupons and deals, has announced t


Complimentary Report : IBM Digital Experience - Exceptional digital experiences are redefining the ways we live and work
ibm
Users - both individual consumers and business users--simply assume that their online experiences will be rich, engaging, personal and available from wherever they choose.

Digital
Speech recognition startup Uniphore appoints Sami Benafia as sales director for Middle East; Aravind Gaddala as product management director
Chennai-based speech recognition startup Uniphore Software Systems has appointed Sami Benafia as director of sales in Middle East and Aravind Gaddala as director of product management in Chennai.


Digital
Ecomm startup for product customisation icustommadeit raises $4 million in pre-Series A
E-commerce startup for customisation of products icustommadeit.com has raised $4 million (Rs 27.2 crore) from Times Group’s ad-for-equity investment unit Brand Capital, Siddhivinayak Skyscrapers, an undisclosed corporate giant and IIT Roorkee alumnus Dinesh R. Challa, in its pre Series A investment round.


Digital
OS for small businesses TableHero gets $1 million in seed funding from growX Ventures, others
OS for small businesses  TableHero gets $1 million in seed funding from growX Ventures, others
TableHero, an Operating System for small local businesses, has raised $1 million in seed funding, led by growX Ventures. The OS includes …


Retail
Want 100% FDI in multi-brand retail in food: Harsimrat Kaur-Badal
Want 100% FDI in multi-brand  retail in food: Harsimrat Kaur-Badal - Business Standard
Food Processing Minister pushes for national e-platform bypassing mandis for farmers, food producers

Retail
India's newest unicorn targets price-conscious
Financial Times
India's newest unicorn targets price-consciousFinancial TimesCow-dung patties for Hindu religious rituals or traditional sweets from a southern temple town are not things people typically think of buying over the internet. But consumers in India can do just that with ShopClues, a four-year-old ecommerce company ...

Retail
Women wear brand W plans to raise $100 mn from PE funds
Matrix Partners is looking to sell its almost 20% stake, while the firm is looking to dilute another 10-15% to raise capital for its expansion plans

Retail
After going app-only, fashion retailer Myntra reopens mobile website for better customer experience
After going app-only, fashion  retailer Myntra reopens mobile website for better customer experience - DEALSTREETASIA
Move comes as Myntra seeks to avoid missing out on customers, especially first time Internet users, who don’t use the company’s mobile app.


Telecom
Government finally allowing sharing of telecom equipment between operators
Government  finally allowing sharing of telecom equipment between operators - Techradar India
The government had a strict 'no infrastructure sharing' policy among network operators. But that restriction has been partially lifted now with operators getting


Telecom
30 Under 30: Raman Jit Singh Chima
30 Under 30: Raman Jit Singh  Chima - Breaking internet's shackles - Forbes India
Raman Jit Singh Chima is using legal expertise to free the world wide web


Telecom

Telecom
Ringing Bells to launch India's cheapest sub-Rs 500 smartphone
Ringing Bells  to launch India's cheapest sub-Rs 500 smartphone - Times of India
At present, smartphones available in the market are priced around Rs 1,500.



Finance
Now, Supreme Court wants to weigh in on bad loans too
Now, Supreme Court wants to  weigh in on bad loans too - Livemint
Apex court asks RBI to furnish details of companies that have each defaulted on loans amounting to more than Rs500 crore in sealed covers within six weeks


Finance
Government keen to rope in India Inc giants like Ratan Tata, Deepak Parekh, NR Narayana Murthy for Bank Boards Bureau
Government keen to rope in  India Inc giants like Ratan Tata, Deepak Parekh, NR Narayana Murthy for Bank Boards Bureau - Economic Times
The six-member panel will have three government officials and three experts, of which two will be from the banking sector.


Finance
India Inc giants may populate bank bureau
India Inc giants may populate  bank bureau - Times of India
The six-member panel will have three government officials and three experts, of which two will be from the banking sector.


Finance
State Bank of India looks to woo Japanese business
State Bank of India looks to  woo Japanese business - Economic Times
State Bank of India has set up a “Japan Desk” in New Delhi which was inaugurated by H.E. Mr. Kenji Hiramatsu, Japan’s Ambassador to India and Arundhati Bhattacharya, Chairman, State Bank of India.




Software
HCL Technologies acquires Volvo group's external IT business
HCL  Technologies acquires Volvo group's external IT business - Economic Times
Volvo's IT business is an important addition of HCL Technologies' portfolio as it brings in an annual billing of about $200 million, sources added.


Software
Online market place Snapdeal.com raises $200m to become India's second-most valuable startup

NEW DELHI (NewsRise) -- Online market place Snapdeal.com secured $200 million in funding from Ontario Teachers' Pension Plan and technology-focused ve

 


Software
4G phones to drive smart devices market in India, says Samsung
4G phones to drive smart  devices market in India, says Samsung
Samsung, one of the largest smartphone makers in the country, also claimed 60 per cent share in total shipments of 4G phones in the country last year.


Software
Boeing doubles outsourcing from India to $500 million in a year
Boeing doubles outsourcing from  India to $500 million in a year - Economic Times
The world’s largest aerospace company, Boeing, is looking at increasing its presence in India with plans to manufacture FA-18 combat aircraft in the country. The move comes in the wake of Prime Minist



Ecommerce
Amazon to buy Emvantage Payments; Acquisition expects to close in the first quarter of 2016; Emvantage employees will join Amazon's payments team
Amazon to buy Emvantage  Payments; Acquisition expects to close in the first quarter of 2016; Emvantage employees will join Amazon's payments team - Economic Times
Global e-commerce major Amazon today said it will acquire online payment service provider Emvantage Payments Private Ltd for an undisclosed amount.

Ecommerce
Demand for warehousing space rises by nearly 40 per cent during last year to an all-time high of about 10 million sq ft
Demand for warehousing space  rises by nearly 40 per cent during last year to an all-time high of about 10 million sq ft - Economic Times
The consultant said that a strong leasing activity was witnessed from traditional demand drivers such as third-party logistics players, engineering and manufacturing firms.

Ecommerce
icustommadeit.com raises $4 million; looks to use the funds for international expansion, marketing and advertising initiatives
Firm looks to use the funds for international expansion, marketing and advertising initiatives

Ecommerce


Franchise
Franchisee Journey: From burger seller to Screenmobile franchisee
Franchisee Journey: From burger  seller to Screenmobile franchisee - Entrepreneur
Where to find your next great franchisees? They might just be working at your local grease joint.


Franchise
If you have pretty sick thoughts about what you’d like to do to your boss, maybe it’s time to bid him farewell and go the franchising way
If you have pretty sick  thoughts about what you’d like to do to your boss, maybe it’s time to bid him farewell and go the franchising way - The Franchise King
Are you starting to have really sick thoughts about what you'd like to do to your boss? if so, maybe you should consider buying a franchise.



HR
Jabong appoints Deepa Chaddha as HR head
Online fashion retailer Jabong has appointed Deepa Chaddha as its chief human resource officer.


HR
Uber gets license from West Bengal govt to create skilled jobs
Uber gets license from West  Bengal govt to create skilled jobs - Daily News Analysis
Uber gets license from West Bengal govt to create skilled jobs - West Bengal is one of the first states in India to recognise technology platforms like Uber.


HR

HR
Make in India is even bigger than imagined! It can create over 10 million jobs
Make in India  is even bigger than imagined! It can create over 10 million jobs - Businessinsider India
India has no dearth of talent but still the pool remains untapped due to a fragmented marketplace.



Logistics
Demand for warehousing space hit all time high of 10 million sq ft in 2015
Demand for  warehousing space hit all time high of 10 million sq ft in 2015 - ETRealty.com
Third party logistics (3PL) players emerged as the largest demand drivers, leasing close to 2.9 million sq ft of space in 2015, followed by e-commerce..


Logistics
IndoSpace to invest $1 billion in India over 5 years
IndoSpace to invest $1 billion  in India over 5 years - Forbes India
The company has robust plans to fund and expand its 17 industrial real estate projects across the country to support manufacturing, consumer and 3PL (third-party logistics) companies operating in India’s rapidly growing economy.


Logistics
India and Sweden to work together on transportation and safety
India and Sweden to work  together on transportation and safety - Autocar Professional
Several Swedish companies in the automotive business are known to have invested in India with SKF (leading supplier of bearings and related products), Scania and...


Logistics


Construction
Cost of purchase can increase overtime due to delay by builder
Cost of purchase can increase  overtime due to delay by builder - Livemint
It not only restrains home buyers from shifting into their own houses, it also increases cost of purchase


Construction
Two realtor groups raided by Income Tax department in Surat
Two realtor groups raided by  Income Tax department in Surat - ET Realty
Raids were conducted at the offices and residences of the builders and their partners in the projects


Construction
Indian Real Estate set for revival mode
Indian Real Estate set for  revival mode - ET Realty
The latest fund raising was by Motilal Oswal Real Estate, the real estate arm of Motilal Oswal Private Equity , that has concluded raising Rs 500 cror..


Construction
Warehousing space demand at all time high of 10 million sq ft in 2015
Warehousing space demand at all  time high of 10 million sq ft in 2015 - ET Realty
Third party logistics (3PL) players emerged as the largest demand drivers, leasing close to 2.9 million sq ft of space in 2015, followed by e-commerce..



Marketing
In Indian advertising, diversity is reduced to cultural stereotypes : Report

Advertising can foster a more inclusive society. But only if diversity in marketing is more than skin deep.

 


Marketing
How Gifs Help Brands Tell Stories One Frame At A Time : Report
How Gifs Help Brands Tell  Stories One Frame At A Time : Report - Lighthouse insights
GIF images are not a recent invention but they have become amazingly popular nevertheless thanks to the evergreen ways of using it to narrate a story. Those Graphic Interchange Format images, bette…


Marketing
Paytm to spend Rs 10 crore to market Make-in-India products : Platform news
Paytm to spend  Rs 10 crore to market Make-in-India products : Platform news - Economic Times
The move comes a week after Amazon said it had set up dedicated Make in India stores on its India and US websites.


Marketing
The new guideline rules for online cab aggregators in Karnataka are brutal : Exclusive
The new guideline rules for  online cab aggregators in Karnataka are brutal : Exclusive - Medianama
The Government of Karnataka, which published the draft rules for online cab aggregators in state, cites that companies which do not have a technology aggregator taxi service license will not be allowed to operate in the state and that drivers are free to work with other aggregators as per their



Politics
JNU row: Don’t arrest OP Sharma! Instead, send this aadarsh patriot, nationalist to the border
JNU row: Don’t arrest OP Sharma! Instead, send this  aadarsh patriot, nationalist to the border
OP Sharma is the perfect prototype of the patriot, nationalist and aadarsh son of Mother India BJP wants all of us to be.


Politics
Hammer and sickle uncrossed? With crucial Assembly polls on horizon, Indian Left has an identity crisis
Hammer and sickle uncrossed? With crucial Assembly polls on  horizon, Indian Left has an identity crisis
On the eve of elections to five state Assemblies including Kerala and West Bengal, the Left is now in an identity crisis and has subjected itself to two opposing pulls from within on the question of an alliance with the Congress


Politics
Jammu and Kashmir logjam: Omar says PDP stand on government formation ‘strange’, ‘confusing’
Jammu and Kashmir logjam: Omar says PDP stand on  government formation ‘strange’, ‘confusing’
Mehbooba, after meeting Governor NN Vohra in Jammu in the first week of this month, had told reporters that she wanted the Centre to take some confidence-building measures before forming the new government.


Politics
#JNURow: Narendra Modi meets Oppn leaders, Kejriwal wants action against ‘lumpen and anarchist’ elements
#JNURow: Narendra Modi meets Oppn leaders, Kejriwal  wants action against ‘lumpen and anarchist’ elements
The sedition case filed against a JNU student leader came up for discussion as Prime Minister Narendra Modi met opposition leaders here on Tuesday even as an FIR was filed over Monday's attack on journalists and students by a group of lawyers and the apex court moved over it.



Sports
Brazil court seizes Neymar assets worth USD 50 million
Brazil court seizes Neymar assets worth USD 50 million
Last year, Neymar, his family and related businesses were found guilty of evading almost $16 m in taxes between 2011 and 2013.


Sports
Ranji Trophy semifinal: Swashbuckler Suryakumar turns risk-free big match player
Ranji Trophy semifinal: Swashbuckler Suryakumar turns risk-free  big match player
For most part of the innings, Suryakumar Yadav kept the good balls away, and looked intent at constructing a typical disciplined Test match innings.


Sports
ODI Rankings: Virat Kohli, Rohit Sharma stay put, Shikhar Dhawan drops two places
ODI Rankings: Virat Kohli, Rohit Sharma stay put, Shikhar  Dhawan drops two places
In the bowling department, R Ashwin broke into the top-10 and is the only Indian bowler in that bracket.


Sports
Manchester United’s aim should be to finish in top four, says Wayne Rooney
Manchester United’s aim should be to finish in top four,  says Wayne Rooney
Knocked out of the Champions League and six points behind City at fourth, United face Danish side FC Midtjylland in the Europa League.



Entertainment
Students protest at Shah Rukh’s event in Delhi
Students protest at Shah Rukh’s event in Delhi
The actor had faced backlash over his comments on intolerance last November. Recently, his car was pelted with stones in Ahmedabad, where he is shooting another film Raees.


Entertainment
Vijay’s action avatar in ‘Sethupathi’ will stand out: director S.U. Arun Kumar
Vijay’s action avatar in ‘Sethupathi’  will stand out: director S.U. Arun Kumar
Vijay Sethupathi will impress audiences in his maiden attempt at full-length action in “Sethupathi”, says its director S.U. Arun Kumar.


Entertainment
Berlinale Film Festival: Recounting the horrors and scars left by wars
In Germany, it is not just any war. It is the second world war. The Holocaust. And how the hubris of one man led to death and devastation on an unimaginable scale, and how the world changed.


Entertainment
Shah Rukh Khan’s Raees to clash with Salman Khan’s Sultan, confirms Ritesh Sidhwani
Shah Rukh Khan’s Raees to clash with Salman  Khan’s Sultan, confirms Ritesh Sidhwani
Rubbishing the rumours, Raees's producer Ritesh Sidhwani said that they are scheduled to release Shah Rukh Khan starrer as planned.






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