Wednesday, December 2, 2015

December 2, 2015 - Quikr-CommonFloor merger: To include a provision to raise $100-150 million for the merged entity

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Ever imagined how the world would be with fewer bankers? When I was interviewing for internships in business school, my potential recruiters on Wall Street would keep saying "it's not rocket science" and I would often wonder why investment bankers got paid so much, if the job wasn't that intellectually demanding. Finally, I asked this question to a Citibank VP and he assured me that it's because of the big-ticket decisions that bankers are involved in, including fates of companies, employees and sometimes governments. Fair enough, but like they themselves said, it's not rocket science. Rocket scientists get paid less. Technologists move the world forward a lot more than bankers do, but don't get paid as much. Imagine if they did, so many intelligent youngsters would choose science over finance. That would be good for humanity and the world - Comment


Digital
Quikr-CommonFloor merger: To include a provision to raise $100-150 million for the merged entity
Quikr-CommonFloor merger: To  include a provision to raise $100-150 million for the merged entity - Economic Times
Earlier this year, CommonFloor had raised about $10 million from Google Capital. A few months before that it had raised $30 million from Tiger Global.


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Digital

Digital
Last-minute hotel bookings app RoomsTonite raises Rs 10 crore in seed funding
Last-minute  hotel bookings app RoomsTonite raises Rs 10 crore in seed funding - TheInternet
RoomsTonite, a mobile app for last-minute hotel bookings, has raised $1.5 million (Rs 10 crore) in seed funding from a bunch of angel investors. Lashit Sanghvi, co-founder of Alchemy Capital; Nikhil Vora, founder of Sixth Sense Ventures; Venkat Vardhan, promoter of DNA Networks; Mohammed Bin Abdul Rehman Al Khalifa, chairman of Caravan Group; and Ralph [...]


Digital
​Balaji Telefilms hires ex-Sony exec Nachiket Pantvaidya to lead digital content unit
TV serials and movie producer Balaji Telefilms Ltd has appointed Nachiket Pantvaidya as the CEO of ALT Digital Media Entertainment Ltd, a wholly owned unit that will churn out original shows tailored for web and mobile users.


Digital
Travel portal Cleartrip reported loss of Rs 29 crore in FY14-15
Travel portal Cleartrip reported  loss of Rs 29 crore in FY14-15 - Iamwire
The online travel industry is one of the most competitive industries in the country with more than 30 players in the market. With …


Retail
India's Online Retailers Launch 'Lite' Versions Of Websites To Snare Mobile Shoppers
India’s leading online retailers are re-working their mobile web strategies and launching ‘lite’ functional versions of their websites to replicate an app-like experience for users on mobile browsers. It is a step towards making online retail that much more compelling for the millions logging on to the internet for [...]

Retail
Finest elements of the big fat Indian weddings come together at expo
It was an exposition had all the essence to make you fall in love with the magnificent celebration of an Indian wedding.

Retail
Etailers like Flipkart, Zivame, Pepperfry come down to earth for buyers to touch and feel
Etailers like Flipkart, Zivame,  Pepperfry come down to earth for buyers to touch and feel - Economic Times
Several ecommerce companies are opening physical stores to give customers a touchand-feel experience of products and stand out in the clutter of the increasingly flooded online retail space.

Retail
In hyperlocal logistics, unit economics is a challenge: GoJavas' Ghadge
Vijay Ghadge founded GoJavas, an e-commerce focussed logistics company, in 2013 with 20 people. Originally an in-house delivery venture of fashion e-tailer Jabong, it later spun out as a separate third-party logistics firm. Two years down the line, QuickDel Logistics Pvt Ltd, which operates GoJavas, has emerged as a strong player in the e-commerce logistics sector, delivering nearly 2.5 lakh shipments a day, with nearly 10,000 people on its rolls.


Telecom
Forget China — Google Has to Fight Off Alibaba on Mobile in India
Forget China  — Google Has to Fight Off Alibaba on Mobile in India - Re/code
New data shows Alibaba's UC browser is beating Google's in its key growth market.


Telecom
Draft National IPR Policy to hamper Indian mobile phone industry: Study
Draft National  IPR Policy to hamper Indian mobile phone industry: Study - Express Computer
The Draft National IPR Policy ignores the concerns and issues raised by the Fast Track Task Force (FTTF), set up by the Department of Electronics and IT (DeitY), to catalyze and re-establish significant growth in mobile handsets and component manufacturing eco-system in India.


Telecom
India's Online Retailers Launch 'Lite' Versions Of Websites To Snare Mobile shoppers
India's Online Retailers  Launch 'Lite' Versions Of Websites To Snare Mobile shoppers - Forbes
Currently, the mobile site of Myntra allows consumers to browse the catalogue.


Telecom
Meet Sasha Chettri: The 'Airtel 4G girl'
Meet Sasha Chettri: The  'Airtel 4G girl' - Times of India
You might not have heard of Sasha Chettri, but you've most probably seen her and chances are that you'd even recognize her in a crowd: She's the Airtel 4G girl.



Finance
Facebook’s Mark Zuckerberg, his wife pledge to donate 99% of their shares
Facebook’s  Mark Zuckerberg, his wife pledge to donate 99% of their shares - Livemint
Mark Zuckerberg and his wife, Priscilla Chan, unveiled the plan in an open letter to their newborn daughter, Max, in a Facebook post on Tuesday


Finance
RBI Governor Raghuram Rajan says banking system liquidity balanced
RBI Governor Raghuram Rajan says  banking system liquidity balanced - Economic Times
Cash conditions in the Indian banking system are balanced and the central bank will inject long-term funds if needed, said Governor Raghuram Rajan.


Finance
Redefining the way VCs invest in India
Redefining the way VCs invest in  India - Livemint
Tiger Global Management, amongst the most prolific and influential investors in the Indian startup sector, has raised a new global fund of $2.5 billion.


Finance
Yes Bank inks $265 millions deal with US firms for SME development
Yes Bank inks $265 millions deal  with US firms for SME development - Times of India
Private sector Yes Bank said on Tuesday it has signed loan agreements worth $265 million with the US government's development finance arm, OPIC, and Wells Fargo to support small business development in India.




Software
Bengaluru's tech companies threaten to stall expansion
Bengaluru's tech companies  threaten to stall expansion - Times of India
MNCs with a significant presence in Whitefield and Outer Ring Road have warned they will stall expansion plans, if the traffic does not improve in Bengaluru. Lack of basic infrastructure, traffic congestion and excessive commuting hours, leading to productivity loss have irked MNCs.


Software
Twitter India's revenue rises fivefold through promotional video
Twitter India's revenue  rises fivefold through promotional video
Twitter is aggressively pushing businesses to use video to promote themselves on the microblogging site and the strategy seems to be paying off.


Software
Nasscom Foundation, Aricent launch CSR initiative
Nasscom Foundation, Aricent  launch CSR initiative
Aricent and Nasscom Foundation today announced the launch of a CSR initiative under which 2,500 engineering undergraduates across Karnataka.


Software
India ranks 131 on global index of ICT access: Report
India ranks 131 on global index  of ICT access: Report
The report said the Asia-Pacific is the most diverse region in terms of ICT development, reflecting stark differences in levels of economic development.



Ecommerce
Myntra drops app-only plan, pilots mobile site
Myntra drops app-only plan,  pilots mobile site - ETRetail.com
Flipkart owned fashion retailer Myntra is now relaunching its mobile website, after shutting it down on May 15th this year. Parts of the mobile website have

Ecommerce
Fujifilm eyes 120 cr revenue from Instax cameras; ties up with Flipkart
The Japanese firm, which has partnered e-commerce company Flipkart to sell these products, also expects the revenues to double next fiscal.



HR
ICICI Venture names Purker as MD CEO
Finance specialist Prashant Purker has been elevated as MD & CEO of ICICI Venture, India's largest home-grown private equity firm, said a statement on Tuesday.


HR
Railway plants in Bihar to boost manufacturing, jobs: Jaitley
Railway plants  in Bihar to boost manufacturing, jobs: Jaitley - Economic Times
Marking the first big FDI in the railway sector, the Indian Railways today signed Rs 40,000-crore contracts with GE and Alstom to set up two locomotive plants in Bihar.


HR
Africa, China, India – Relationships in Transition?
Africa, China, India –  Relationships in Transition? - The Diplomat
Two major conferences highlight Africa’s evolving relations with the two Asian giants.


HR


Logistics
Sonia Gandhi out of country, GST bill negotiations delayed; Mayawati first supports and slams bill over intolerance issue
Sonia Gandhi out of country, GST  bill negotiations delayed; Mayawati first supports and slams bill over intolerance issue - Hindustan Times
In a bid to get Congress on board for one of the biggest tax reform moves, the Centre may back more than one GST rate — targeted mainly at luxury and sin goods — amid indications that it could drop the proposal allowing manufacturing states to levy up to 1% additional tax.


Logistics
Monday saw a big boost for 'Make in India', railways inks pacts worth Rs 40,000cr with Alstom and GE Transport
Monday saw a big boost for  'Make in India', railways inks pacts worth Rs 40,000cr with Alstom and GE Transport - Economic Times
The glitzy function, attended by Finance Minister Arun Jaitley, Railway Minister Suresh Prabhu, brought out the significance of agreements.


Logistics
Work on Kempegowda Airport Second Runway, Terminal to Start
BENGALURU: Work on the second runway and terminal at the Kempegowda International Airport (KIA) is in advanced stages of planning, a senior state government off...


Logistics
Saifai airport to have night landing facility
It’s called flying high, literally. For a district with a 12 lakh rural population, development in Etawah is more conspicuous than other parts of rural UP. On Tuesday, the district added yet another feather to its cap when its gram panchayat Saifai – the village of the ruling party’s first family – was given the night landing facilities at its airport.



Construction
IVRCL to be taken over by lenders
IVRCL to be taken over by  lenders - Livemint
SBI, IDBI Bank and others have invoked the so-called SDR initiative, which allows them to convert debt into at least 51% equity in a borrower


Construction
Subrata Roy-owned penthouse in Plaza Hotel up for $50 million
Subrata Roy-owned penthouse in  Plaza Hotel up for $50 million - ET Realty
The 6,319 square feet palatial property occupies three floors at the top of the hotel which are connected by a curved staircase


Construction
Here's why home loan borrowers have a reason to rejoice, even as RBI has not cut rates
Here's why home loan  borrowers have a reason to rejoice, even as RBI has not cut rates - ET Realty
Further, the RBI would soon announce a new formula on base rate- the floor rate at which they lend their best rated borrower


Construction
RBI status quo on expected lines, According to realtors
RBI status quo on expected  lines, According to realtors - ET Realty
Yash Gupta, Senior Managing Director & Country Head, Hines India Real Estate sees little headroom to cut rates in the next few months



Marketing
Sasha Chettri, a Trainee Copywriter Turned Airtel 4G Girl : Report
Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities


Marketing

Marketing
Flipkart Launches Native Ads for Brands on Mobile : Report
Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities


Marketing


Politics
Don’t underestimate Modi; he can marginalise RSS if he wants: Writers weigh in on the PM
Don’t underestimate Modi; he can  marginalise RSS if he wants: Writers weigh in on the PM
You may love or hate Narendra Modi, but you can’t ignore him. It’s better not to underestimate Modi – this was the crux of the heated discussion that kept the audience at Times LitFest in Delhi on Monday glued to their seats for over an hour.


Politics
PM Modi rises above the partisanship din; makes himself heard as a statesman in Rajya Sabha
PM Modi rises above the partisanship din; makes himself heard  as a statesman in Rajya Sabha
Prime Minister Narendra Modi has turned the debate on the occasion of Constitution Day into an opportunity to introduce himself afresh, as a rising statesman.


Politics
Don’t learn wrong lessons from Pakistan: Rahul to government over ‘intolerance’ issue
Don’t learn wrong lessons from Pakistan: Rahul to  government over ‘intolerance’ issue
In a scathing attack on government over 'intolerance' issue, Rahul Gandhi on Tuesday asked it not to learn the "wrong lessons" from Pakistan but listen and embrace those who have been "disturbed" over recent incidents.


Politics
Rajiv Gandhi assassination: SC to pronounce verdict on states’ power to remit sentences
Rajiv Gandhi assassination: SC to pronounce verdict on  states’ power to remit sentences
The Supreme Court is likely to pronounce on Wednesday its verdict on constitutional issues arising from Tamil Nadu government's decision to set free the convicts in the Rajiv Gandhi assassination case, including the power of states to remit sentences.



Sports
Rahul Dravid at MAK Pataudi Memorial Lecture 2015-16
Rahul Dravid at MAK Pataudi Memorial Lecture 2015-16
The full transcript of former India skipper Rahul Dravid's lecture in Delhi.


Sports
R Ashwin, Rodney Hogg involved in Twitter banter over nature of pitches in India-South Africa Tests
R Ashwin, Rodney Hogg involved in Twitter banter over nature of  pitches in India-South Africa Tests
Rodney Hogg said that R Ashwin was successful against South Africa mainly due to the spin-friendly wickets during the Test series.


Sports
ISL: Chennaiyin beat Mumbai, keep semifinal hopes afloat
ISL: Chennaiyin beat Mumbai, keep semifinal hopes afloat
Chennaiyin FC blanked Mumbai City FC 3-0 in Chennai to keep their semi-final hopes alive.


Sports
Spinners have not been given due credit with so much talk about the pitch: Amit Mishra
Spinners have not been given due credit with so much talk  about the pitch: Amit Mishra
Amit Mishra feels India spinners should get the due credit for their show against South Africa in the ongoing series.



Entertainment
Looking forward to Salman Khan’s ‘Sultan’: Kabir Khan
Looking forward to Salman Khan’s  ‘Sultan’: Kabir Khan
Director Kabir Khan says that he is looking forward to his "Bajrangi Bhaijaan" actor Salman Khan's next film "Sultan".


Entertainment
I respect Supreme Court’s order, says Govinda
I respect Supreme Court’s order, says Govinda
Govinda, who has been asked to apologise to the man he had slapped said, "I have the highest respect and regards for Supreme Court and the decision given."


Entertainment
Karan Johar yearns to work with Anurag Kashyap again
Karan Johar yearns to work with Anurag Kashyap again
After making his acting debut with "Bombay velvet", Karan Johar has asked Anurag Kashyap to write another role for him.


Entertainment
Shyam Benegal lauds IFFK Screen Lab 2015 concept
Shyam Benegal lauds IFFK Screen Lab 2015 concept
Shyam Benegal inaugurated the IFFK Screen Lab 2015, a mentored workshop in cinema skills and techniques exclusively for Malayalam film technicians.




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