Tuesday, July 12, 2016

July 11, 2016 - Paytm readying Rs 350-500 crore-budget to roll out its payments bank, eyeing pre-Diwali launch

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
At Facebook's headquarters in Menlo Park, the company has a section where developers are starved of high-speed mobile data connectivity in order to mimic how users in emerging markets feel using its service. The move is aimed at allowing developers to understand who they're building apps for and how to make them work better across the world. Allowing users to download videos and then view them offline later is one of the features now allowed by both Facebook and Google. More here


Digital
Paytm readying Rs 350-500 crore-budget to roll out its payments bank, eyeing pre-Diwali launch
Paytm readying Rs 350-500  crore-budget to roll out its payments bank, eyeing pre-Diwali launch - news
Payments bank can accept demand and savings bank deposits from individuals and small businesses, up to a maximum of Rs 1 lakh per account.


taggit

 


Digital
Equalisation levy to make apps purchased on Apple, Google platforms dearer by 8%
Equalisation  levy to make apps purchased on Apple, Google platforms dearer by 8%
The levy, a tax on cross-border digital transactions, will next be applied on mobile applications bought from companies such as Apple and Google.


Digital
SIDBI to review 10 proposals from alternative investment funds seeking a commitment of Rs 675 crore from the Rs 10,000 Startup Fund
SIDBI to review 10 proposals  from alternative investment funds seeking a commitment of Rs 675 crore from the Rs 10,000 Startup Fund
SIDBI has already committed a sum of Rs 168 crore so far to six alternative investment funds from the Rs 500 crore provided for the FFS in 2015-16.


 


Digital
Silicon Valley accelerator Y Combinator, for the first time, picks 3 Indian startups for its programme
Y Combinator has, for the first time, inducted three domestic startups into its summer batch, making it by far the largest representation of Indian startups at its accelerator programme. Times of India reported that- Innov8, a co-working space; JustRide, a self-drive car rental app, and Meesho, an app for sellers on Facebook and ..

 


Digital
WhatsApp co-founder invests in Gurgaon-based car tracking telematics startup Trak N Tell
WhatsApp co-founder invests in  Gurgaon-based car tracking telematics startup Trak N Tell
Trak N Tell provides vehicle telematics solutions, which claims to allow for predictive engine failure, preventive maintenance notification and fuel monitoring system.


Digital
Jewellery marketplace BlueStone to pump in Rs 40 crore on marketing this year
Jewellery  marketplace BlueStone to pump in Rs 40 crore on marketing this year
The company, which introduced new facilities like home trials and chat options for prospective buyers, said it is on track to quadruple revenue to Rs 1,000 crore by 2018.




Politics
Kollam temple fire: Court grants bail to 41 accused as cops fail to file chargesheet
Kollam temple fire: Court grants bail to 41 accused  as cops fail to file chargesheet
Kerala High Court granted bail to all 41 accused in the Kerala Kollam fire tragedy as the police failed to file a chargeshteet within the 90-day deadline.


Politics
Punjab: Youth manifesto, sacrilege controversy put brakes on soaring AAP graph
Punjab: Youth manifesto, sacrilege controversy put  brakes on soaring AAP graph
Till recently, the AAP's political campaign graph had been going up steadily in Punjab ahead of the state assembly elections.


Politics
Curfew imposed in Kashmir after violence over Burhan Wani’s killing
Curfew imposed in Kashmir after violence over Burhan  Wani’s killing
Sixteen people were killed and more than 200 others injured in Kashmir on 9 July after thousands defied a curfew following the death of Burhan Wani.


Politics
RSS to brainstorm on strategy for poll-bound states
RSS to brainstorm on strategy for poll-bound states
Discussions on upcoming elections in four states, including Uttar Pradesh, and steps to spread RSS' programmes are likely to be the focus of the five-day annual meeting of it's regional office-bearers starting on Monday.



Retail
Flipkart firms up plans to comply with e-commerce FDI norms
Flipkart identifies at least four large seller entities that will help it comply with norms on sales contribution and discounts

Retail
Retail companies seeing attrition rate for sales executives drop to 40-45% this year
Retail  companies seeing attrition rate for sales executives drop to 40-45% this year - Times of India
The development comes at a time when online retail is witnessing a consolidation, cutting costs to reduce losses and some even shutting down.

Retail
LatestOne to invest Rs 15 crore, aims 2 million users by FY17
LatestOne to invest Rs 15  crore, aims 2 million users by FY17 - Economic Times
The company which is owned by Hyderabad-based Palred Technologies, also plans to open over 100 franchise-based kiosks in malls over the next few years, an executive said.

Retail
Startup puts a bank in your grocery store
Startup puts a bank in your  grocery store - The New Indian Express
The New Indian Express
If the kirana store in your neighborhood is working as your personal bank or ATM, it is likely to be in the Novopay network. This financial solutions start-up was founded in 2014 by Srikanth Nadamuni, Gautam Bandyopadhyay and Sridhar Rao. It uses the ...


Software
9 Indian companies to manufacture STBs; iCAS cost less than $0.5: Govt

NEW DELHI: A total of nine private companies have been identified by India’s Department of Electronics and Information Technology (DeitY) for manufacturing indigenous set top boxes equipped with Indian Conditional Access System (iCAS). However, the government department could not give a time-frame as to when indigenously-manufactured STBs would be ready to address the growing demands for boxes as digital rollout inches towards the finishing line.

Software
How Cisco's Launchpad is looking to give start-ups, developers a leg-up

Cisco’s LaunchPad programme aims to bring startups and developers on a common platform to build digital solutions

Software
NIIST technology may aid PSUs in curbing pollution

While KMML causes land deterioration in areas around Chavara, effluent discharge from TTP pollutes Veli Lake.Also, the effluents are carcinogenic.These issues can be effectively addressed using the new technology.

 



Telecom
Telecom Ministry clears Airtel-Aircel 4G spectrum trading deal
Telecom Ministry clears  Airtel-Aircel 4G spectrum trading deal - The Indian Express
Mobile network operator Bharti Airtel has received the clearance from the Indian telecom ministry for the Rs 3,500 crore 4G spectrum trading deal with smaller rival Aircel. The Indian telecom company has received the approval, according to unconfirmed media reports, at a time when some of the telecom industry stakeholders are urging the India government to stop Aircel’s deal


Telecom
Indian company finally delivers US$3 phone

Ringing Bells had announced it would sell the phone for 251 rupees (US$3) five months ago but quickly ran into trouble. The unknown company, run by former dried fruit businessman Mohit Goel, 29, was overwhelmed by some 75 million orders and its online payment gateway crashed.

 


Telecom
India's app store downloads to reach 7.7 billion in 2016; mobile ad market set for big growth
According to a recent IAMAI-IMRB report, the country’s digital advertising market is projected to grow at a CAGR of 35 percent to reach Rs 7,044 crore by the end of this year. Higher internet speeds available to the consumers coupled with an increase in mobile advertisements could boost the online ad market’s growth.

 


Telecom
Mobile phone security risks growing; Symantec India chief explains how
Mobile phone  security risks growing; Symantec India chief explains how - Financial Express
In today’s mobile-first world, mobile devices are more than mini computers in our pockets. Yet, most consumers unknowingly put personal information which resides on their mobile phones...




Logistics
Indian Railways to use radar-based 'third eye' device to warn drivers about hazards on the line
Indian Railways to use  radar-based 'third eye' device to warn drivers about hazards on the line - Daily Mail
Indian Railways is developing an accident prevention system to help save lives and increase the efficiency of its service. Called a third eye’, the technology uses radar to spot hazards ahead.


Logistics
Rail, road connectivity restored to Tripura after three months, due to heavy rains and flooding of Assam
Rail, road connectivity  restored to Tripura after three months, due to heavy rains and flooding of Assam - Times of India
Tripura, which had been cut-off from the rest of the country for about three months because of heavy rains and flood in neighbouring Assam leading to crisis of essential commodities and fuel, is now limping back to normalcy, officials said on Sunday.


Logistics
Indian Railways Tejas trains to have entertainment units, wi-fi
Indian Railways Tejas trains to  have entertainment units, wi-fi - Financial Express
With high-tech entertainment units, wi-fi facility and integrated braille displays, the coaches of premier Indian Railways Tejas trains are being readied to give its passengers the feel of world class travel.


Logistics


Marketing
Why your driver is looking for a better job online : Report
A number of startups are linking low-skilled job seekers with employers, bringing a semblance of formality to a largely unorganized sector that depended on word-of-mouth.

 


Marketing
Here is how NITI Aayog's boost will help technologies shape Digital India : Report
Here is how NITI Aayog's  boost will help technologies shape Digital India : Report - Hindustan Times
NITI Aayog approves trials of disruptive tech to push broadband connectivity under Digital India.


Marketing
3 fundamental digital marketing tips for IT startups : Report
3 fundamental digital marketing  tips for IT startups : Report - ITProPortal
Keeping up to date with digital marketing strategies is vital for businesses, especially startups, to stay ahead of the competition.


Marketing
From an 'Award Guy' to an Entrepreneur, ITSA Founder Emmanuel Upputuru Has Seen It All in 4 Years
In 2012, Emmanuel Upputuru quit Publicis as National Creative Director to turn entrepreneur with the launch of ITSA as a creative shop. He joined hands with Vivek Suchanti, Chairman and MD, Concept Communications that provided all kind of support and capabilities to the new outfit.

 



HR
It is raining jobs at Rajasthan University
It is raining jobs at Rajasthan  University - Times of India
Rajasthan University's placement cell in association with state government for the first time organized a day-long job fair for all its students at the Convocation Hall on Saturday. By evening, 573 students were issued joining letters while 500 were declared qualified for the second round of interviews and training.


HR
Punjab to recruit sportspersons in Police force
Punjab to recruit sportspersons  in Police force - India Today
Punjab to recruit sportspersons in Police force


HR
Make education interesting, HRD Minister Javadekar tells teachers in Pune
Make education  interesting, HRD Minister Javadekar tells teachers in Pune - The Indian Express
Javadekar said teachers should encourage students to dream big and impart life skills.


HR
Govt begins search for new Whole Time Member at Sebi
Govt begins search for new  Whole Time Member at Sebi - The Indian Express
After serving for seven years as a Whole Time Member at Sebi, Prashant Saran retired last month while the tenure of one more WTM will end soon.




Construction
Aurangabad muncipal body is all set to miss its Property tax
Aurangabad muncipal body is all  set to miss its Property tax - ET Realty
The cash-strapped municipal body is set to miss its property tax collection target for the current fiscal by a huge margin.


Construction
Farmer on leased land after expiry period can't be evicted: SC
Farmer on leased land after  expiry period can't be evicted: SC - ET Realty
Referring to a provision of the Transfer of Property Act, a three-judge bench headed by Justice Ranjan Gogoi set aside the judgement of the Punjab and..


Construction
Delhi set to become global hub for commercial arbitration
Delhi set to become global hub  for commercial arbitration - Hindu Business Line
The National Capital is poised to become a global hub for commercial a


Construction
High-end residential consumers to benefit from Proposed power tariffs
If you check proposed tariffs of all power utility firms for 2016-17, high-end residential consumers (301-500 and 500+ units consumption) stand to benefit the most. Sources said all utilities are keen on retaining their crème de la crème residential customers and prevent migration or poaching by rivals.

 



Franchise
Qualities franchisors look for in a franchisee
Qualities franchisors look for  in a franchisee - Franchising
Last week we discussed the obstacles involved in becoming a retail franchisee. This week, we examine what traits and attributes franchisors with retail concepts look for in their franchisee prospects and candidates. Follows the system - The franchisor's operating system has been developed, refined, tested, and proven over time in many locations. It works. And it's one of the major reasons you signed on to become a franchisee. The wheel has been invented. Your job is to ride it as agree to do when you sign the franchise agreement. Franchisors know that a customer entering any of their retail locations expects the product or service to be identical with that of every other location - and they expect their franchisees to deliver it the same way every day. Replication is the secret sauce of franchising. However, if you have what you think is a better idea, share it with your franchisor.


Franchise






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