Tuesday, May 3, 2016

May 3, 2016 - Mobikwik raises $20 million from Japanese payments company, MediaTek

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Blog
Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
GiveDirectly, a charity that gives money directly to poor people in Kenya and Uganda, is launching a big new project: a basic income that guarantees a flow of cash to 6000 people in Kenya for the next 10 years or more. What's different about this project compared to similar efforts in Finland, Silicon Valley and Ontario is that entire villages (in a developing country) will get the amounts and they are guaranteed to get it over a long period of 10 years. Even within a year or two, consumption patterns and other behaviour will likely change in the villages getting the UBI, in large part because participants know the payments will continue for the foreseeable future. That will likely lead to planning and work shifts that wouldn't take place in a temporary trial. So far, it's gotten results. A randomized evaluation of the charity found that recipients ate more and experienced less hunger, invested in expensive but worthwhile assets like iron roofs and farm animals (and did not spend more on things like alcohol or tobacco), and reported higher psychological well-being. They were less hungry, richer, and all-around happier. - Comment


Digital

Property Listing: Godrej Infinity, Keshav Nagar, Pune
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Luxury 2/3 BHK apartments, from Rs 38 Lacs - Rs 92 Lacs.

 


Digital
Hindustan Times editor-in-chief Sanjoy Narayan quits; Quartz managing editor Bobby Ghosh set to replace him
Hindustan Times editor-in-chief  Sanjoy Narayan quits; Quartz managing editor Bobby Ghosh set to replace him
India’s mainstream English media landscape is set for major changes, as leading publisher HT Media Ltd gets ready to unveil key changes across its portfolio in coming months. While HT Media declined to confirm, the changes include a new expat editor for English daily Hindustan Times, the depa


Digital
On-demand driver aggregator DriveU acquires Gurgaon-based startup CallatHome
On-demand  driver aggregator DriveU acquires Gurgaon-based startup CallatHome - Times of India
Bangalore-based DriveU, a firm that aggregates on-demand drivers for private car owners, has acquired Gurgaon-based on-demand driver service provider CallAtHome, for an undisclosed amount. Fou...


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.

Property Listing: Goyal Orchid Whitefield, Bangalore
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1/2/3 BHK apartments, starting from Rs 35 Lacs.

 


Digital
Mobile payments startup JunoTele names former PayU exec as CBO
Mobile payments startup  JunoTele names former PayU exec as CBO
Mobile payments platform JunoTele has appointed former PayU Money executive Vikrant Khorana as chief business officer. Khorana will be responsible for sketching a strategic roadmap for JunoTele, generating fresh revenue streams and expanding to new territories, according to a statement. Kh


Digital
The new social media app Coastered aims to bring back emotions into messaging
The new social  media app Coastered aims to bring back emotions into messaging
A new social platform promises to bring back the emotions into messaging. Called Coastered, it promises not only to trigger an emotional response from the friend whom you pinged, oops, coastered, it also gets the two of you to act on your emotions, in the real world. A cross between a dating


Digital
Auto maintenance marketplace MotoMojo gets angel funding
MotoMojo, a mobile app-based marketplace that connects owners of two- and four-wheelers with service stations, has raised an undisclosed amount in angel funding from the founders of startup enabler VentesAvenues. Mumbai-based MotoMojo Technologies Pvt. Ltd, which operates the marketplace, said in a statement it will use the funds to ramp up product capabilities as also for marketing and customer service.


Retail
Jabong struggles to turn around business amid funding crunch
Since 2014, sales growth has slumped and the online retailer has lost significant market share

Retail
Top fashion brands take the online route to India
Top fashion brands take the  online route to India - Economic Times
Several high fashion brands are taking the online only route to enter India, taking advantage of the absence of regulations around selling through third party portals.

Retail
Kishore Biyani steps down as Managing Director of Future Retail
Kishore Biyani steps down as  Managing Director of Future Retail - Economic Times
In the latest, Kishore Biyani, Future group chairman stepped down from the position of Managing Director of Future Retail. The decision is part of the realignment strategy of the group's business.

Retail
KSS plans 500 stores under brand 'Bjewelz'; eyes Rs 6000 crore sales
KSS plans 500  stores under brand 'Bjewelz'; eyes Rs 6000 crore sales - Economic Times
KSS Ltd has forayed into the jewellery retailing business under the franchise model and is looking to open 500 stores under brand 'Bjewelz' with a turnover of Rs 6,000 crore in three years.


Telecom
ICRA sees call drops a result of lower capex post spectrum buy
ICRA sees call drops a result  of lower capex post spectrum buy - Financial Express
Slowdown in capex on network rollout following spectrum purchase and a simultaneous increase in demand for wireless Internet led to problems such as call drops and poor service quality, credit rating firm ICRA today said".


Telecom
Idea 4G expands to 101 towns in Punjab
Idea 4G expands to 101 towns in  Punjab - Times of India
With the expansion, the company now offers 4G service in 101 towns. In 22 out these 101 towns, Idea has also become the sole operator to provide 4G LT..


Telecom
Digital, 4G revolution to drive growth of Indian eco: Axis Cap
Digital, 4G revolution to drive  growth of Indian eco: Axis Cap - Moneycontrol.com
If the Indian government delivers on the reform processes, Indian markets will perform exceptionally well to touch new highs, says Dharmesh Mehta, MD & CEO of Axis Capital...


Telecom
Motorola Begins Teasing New Phone With Better Camera, Battery, Security, Performance
Motorola  Begins Teasing New Phone With Better Camera, Battery, Security, Performance - Droid Life (press release) (blog)
A new Motorola phone is “coming soon,” according to Motorola India’s Twitter account. Within the past week, this specific account began teasing an upcoming phone that should have improved battery life, security/privacy, performance, and a “better” camera. We are mostly assuming that this is a new Moto G, likely the 4th gen model, after the phone …



Finance
Is Raghuram Rajan right or the GDP numbers wrong?
Is Raghuram Rajan right or the  GDP numbers wrong? - Livemint
The chart shows that asset quality has worsened continuously even as growth has picked up


Finance
Income from transfer of unlisted shares will be counted as capital gains
Income from  transfer of unlisted shares will be counted as capital gains - Livemint
The tax department is looking to reduce litigation and bring in a uniform approach to classification of income


Finance
RBI proposes increased margin requirements for some derivative segments
RBI proposes  increased margin requirements for some derivative segments - Livemint
RBI proposed such margin requirements be imposed on all non-centrally cleared derivatives, where at least one of the parties is a scheduled bank or an RBI-regulated entity


Finance
ICICI Bank to auction Dunlop property in Mumbai
ICICI Bank to auction Dunlop  property in Mumbai - Economic Times
The landmark property is set to go under the hammer this month as the lender has set May 16 as the deadline for receiving bids.




Software
Dell Technologies and EMC Corp to create the biggest tech merger in history
Dell  Technologies and EMC Corp to create the biggest tech merger in history - ET
It has a nice sound to it," the chairman and CEO of Dell, which last year announced the $70 billion merger with EMC, at Venetian Convention Center.


Software
Software giant Oracle to acquire cloud software provider Opower for $548 million
Software giant  Oracle to acquire cloud software provider Opower for $548 million - Times of India
As per the deal, Oracle will pay $10.30 for each outstanding Opower share. This represents a 30% premium compared to Opower's closing price on Friday. Oracle said on Monday the deal was worth about $532 million net of cash.


Software
Google Chrome crowned top Internet browser by market tracker
Google Chrome crowned top  Internet browser by market tracker
NetMarketShare calculated the Chrome had 41.7 percent of desktop browser share in April, narrowly topping the 41.4 share for IE.


Software
Government pushes for operating and funding BPOs in small towns
Government pushes for operating  and funding BPOs in small towns
IBPS provides financial support in the form of viability gap funding to eligible companies engaged in creation of employment opportunities.



Ecommerce
Global Fashion Group secures a funding of 300 million euros (about Rs 2,282 crore) from its existing shareholders including Rocket Internet
The transaction values GFG at 1 billion euros post the transactions, Rocket Internet said in a statement.

Ecommerce
Global Fashion Group secures a funding of 300 million euros (about Rs 2,282 crore) from its existing shareholders including Rocket Internet
The transaction values GFG at 1 billion euros post the transactions, Rocket Internet said in a statement.

Ecommerce
Healthcare start-up 1mg Technologies appoints former Zomato executive Tanmay Saksena as its chief operating officer
The high-profile hire comes barely two weeks after 1mg announced it had raised Rs100 crore in a Series B funding round from Maverick Capital Ventures

Ecommerce
Amazon brings three more international brands Bjorn Borg, Drunknmunky and Rockland luggage to India
Through these partnerships, Amazon.in becomes the first online store in India to offer a wide selection of merchandise from Bjorn Borg, Drunknmunky an..


Franchise
Franchisor Zone: Standard procedures that will bring greater efficiency to the task of franchisee recruitment
Franchisor Zone: Standard  procedures that will bring greater efficiency to the task of franchisee recruitment - Franchise Business
What steps can be taken to improve the process of recruiting franchisees?


Franchise


HR
India will need to generate 280 million more jobs by 2050: UNDP report
India will need  to generate 280 million more jobs by 2050: UNDP report - The American Bazaar
India will need to generate 280 million jobs between now and 2050, the year when the working-age population (15 to 64) will peak, according to a new report, amid indicators that the country’s demographic dividend could be at the cusp of disaster.


HR
Gujarat seventh in adding new jobs, reveals Assocham study
With creation of 42,530 jobs in the fourth quarter of financial year 2015-16, Gujarat ranked seventh in terms of job creation even with 5% share of total jobs created across India.


HR
'Steady economic growth has failed to revive jobs in India'
'Steady economic growth has  failed to revive jobs in India' - Daily News Analysis
'Steady economic growth has failed to revive jobs in India' - Most sectors including telecom, engineering and electronics have seen a decline in employment despite steady growth.


HR


Logistics
GPS, CCTV and emergency buttons to be made must in public transport vehicles having a aseating capacity of more than 23 and two features in seaters lower than 23
GPS, CCTV and emergency buttons  to be made must in public transport vehicles having a aseating capacity of more than 23 and two features in seaters lower than 23 - Times of India
In a move to make all public transport vehicles safer for passengers and particularly women, installing GPS or alert button and CCTV cameras will be made mandatory. The road transport ministry in its draft notification has specified vehicles with more than 23 seats must have all the three features


Logistics
Traffic chaos in Delhi as protesting cabbies block major roads as they protest against diesel vehicles being impounded as per the new rule
Traffic chaos in Delhi as  protesting cabbies block major roads as they protest against diesel vehicles being impounded as per the new rule - India Today
Commuters may face inconvenience as nearly 27,000 diesel-run taxis will not be allowed to run on the capital's roads from today after the Supreme Court on Saturday refused to extend the April 30 deadline fixed for their conversion into CNG mode.


Logistics
India keen on setting up LNG terminal at Iranian port to be able to ship back gas home from the Persian Gulf nation
India keen on setting up LNG  terminal at Iranian port to be able to ship back gas home from the Persian Gulf nation - Economic Times
Pradhan said he had during his visit to Tehran on April 9 conveyed interest of Indian companies in setting up fertiliser and petrochemical plants.


Logistics


Construction
Oberoi Realty plunges 6% on weak set of numbers in Q4
Oberoi Realty plunges 6% on  weak set of numbers in Q4 - ET Realty
The stock fell 6.38 per cent to hit a low of Rs 261.50 on BSE. Despite the fall, the stock has given a return of 11 per cent over the one month till M..


Construction
Rajasthan to give proposal seeking loans for Smart cities
Rajasthan to give proposal  seeking loans for Smart cities - ET Realty
In a recent meeting held at the Centre, it was informed that ADB had agreed to extend a loan of $1 billion to eight smart cities, which includes Jaipu..


Construction
Square Yards and Dubai realty major Deyaar join hands to market projects
Square Yards  and Dubai realty major Deyaar join hands to market projects - ET Realty
The company is conducting an exclusive property showcase event in Mumbai on May 7-8, 2016 at Hotel Four Seasons, Worli, Mumbai


Construction
Rs 1,000 crore will be spent by K Raheja Corp, Gera to build IT-SEZ in Pune
Rs 1,000 crore  will be spent by K Raheja Corp, Gera to build IT-SEZ in Pune - ET Realty
Realty firms K Raheja Corp and Gera Developments have partnered to construct an IT-SEZ in Pune at an investment of about Rs 1,000 crore over the next ..



Marketing
3 Content Marketing Trends You Need to Be Addressing in Q2
3 Content Marketing Trends You  Need to Be Addressing in Q2 - Entrepreneur
Stay ahead of the content marketing game by following these three trends.


Marketing
How Indian Brands Celebrated #InternationalDanceDay With Interesting Visuals
How Indian Brands Celebrated  #InternationalDanceDay With Interesting Visuals
Do you need a special day to dance? Don’t bother last Friday, April 29th was celebrated as the International Dance Day. Celebrated since 1982, the day isn’t linked to a particular person or a…


Marketing
Nike Revolution In Motion, Should Facebook Worry About People Sharing Less
Nike Revolution  In Motion, Should Facebook Worry About People Sharing Less
Why the Financial Times still believes in comment sections: In times of belt-tightening, the Financial Times is making more data-informed decisions around audience development. For this reason, it …


Marketing
Twitter Q1 2016 Earnings: Now It Is Also Struggling With Its Ad Business
Twitter Q1 2016  Earnings: Now It Is Also Struggling With Its Ad Business
Twitter has two big problems now – user and ad business, but no one knows how to solve it, not even CEO and Co-Founder Jack Dorsey. Just a few days back the company posted its Q1 2016 revenues, it …



Politics
Mines and Minerals Bill passed in RS; move to help banks sell stressed assets
Mines and Minerals Bill passed in RS; move to help  banks sell stressed assets
A bill to allow transfer of captive mines from one allottee to another without auction was passed by Parliament on Monday.


Politics
Puducherry polls: 344 candidates to battle it out in the union territory assembly
Puducherry polls: 344 candidates to battle it out  in the union territory assembly
A total of 344 candidates, including 97 independents, are in the fray for the 16 May elections to the 30-member Union Territory Assembly.


Politics
The Gandhi power-struggle: Can Priyanka rescue a sinking Congress ship?
The Gandhi power-struggle: Can Priyanka  rescue a sinking Congress ship?
Thousands of Congress persons, sycophants of the Gandhi family, journalists and academicians in Delhi will be glad if Priyanka listens to her inner voice and joins active politics, sooner rather than later, to stop the march of 'communal forces' led by Narendra Modi.


Politics
After qualifications, Modi in soup for having two birthdates; Cong asks him to clear air
After qualifications, Modi in soup for having two birthdates;  Cong asks him to clear air
Amid a row surrounding Prime Minister Narendra Modi's educational qualifications, Congress on Monday alleged "discrepancies" in his date of birth.



Sports
Australia’s Adam Voges taken to hospital after being hit by ball, released soon after
Australia’s Adam Voges taken to hospital after being hit  by ball, released soon after
Adam Voges was hit in the back of the head by a ball thrown to the stumps by a substitute fielder and missed by wicketkeeper John Simpson


Sports
List of injuries during IPL 2016: Steve Smith latest to join ‘sick bay’
List of injuries during IPL 2016: Steve Smith latest to join  ‘sick bay’
Steve Smith became the latest edition to the list of the players who got injured during IPL 2016 and returned back home.


Sports
Jamie Vardy named Football Writers’ Association’s Player of the Year
Jamie Vardy named Football Writers’ Association’s  Player of the Year
Jamie Vardy, who won 36 percent of the vote, is the first Englishman to win the award since Scott Parker in 2011 and the first Leicester player ever.


Sports
A good start is vital to team’s success in Rio 2016 Olympics: PR Sreejesh
A good start is vital to team’s success in Rio 2016  Olympics: PR Sreejesh
Talking about the team's preparations, Sreejesh said that they are focused on fine tuning their game in the camp, held at SAI Centre in Bengaluru



Entertainment
‘Cinemawala’, a tribute to vanishing single screens: Kaushik Ganguly
‘Cinemawala’, a tribute to vanishing single  screens: Kaushik Ganguly
Kaushik Ganguly said, "Cinemawala is my tribute to the bygone era of celluloid films. It is my farewell to the world of memories I have grown up with."


Entertainment
My superhero film with Ranbir Kapoor is a modern day fairytale: Ayan Mukherjee
My superhero film with Ranbir Kapoor is a  modern day fairytale: Ayan Mukherjee
Ayan Mukherjee has rubbished rumours of his superhero film starring Ranbir Kapoor having been shelved.


Entertainment
Makers initially wanted John Travolta in ‘Purple Rain’: Director Albert Magnoli
Makers initially wanted John Travolta in ‘Purple  Rain’: Director Albert Magnoli
Warner Bros. wanted actor John Travolta to play musician Prince in his "Purple Rain".


Entertainment
Jacqueline Fernandez at the European Parliament for a talk
Jacqueline Fernandez at the European Parliament for a  talk
Jacqueline Fernandez was recently at the European Parliament to deliver a lecture on housing and human development.






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