Thursday, June 25, 2015

June 25, 2015 - Startups cheer listing norms, but want to wait-and-watch before hitting the stock market

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Digital
Startups cheer listing norms, but want to wait-and-watch before hitting the stock market
The move by the Securities and Exchange Board of India (Sebi) to provide a separate public listing platform for start-ups is seen as a positive step by the entrepreneurs as it opens doors to raise capital and create value within the country.

Digital
Satya Nadella, Tom Enders, Cyrus Mistry, Mukesh Ambani among 400 to attend 'Digital India' launch on July 1
Satya Nadella, Tom Enders, Cyrus  Mistry, Mukesh Ambani among 400 to attend 'Digital India' launch on July 1 - Economic Times
The inauguration comes in the wake of the government rolling out the National Optical Fibre Network across 20,000 village panchayats.

Digital
Government reviewing proposals to raise FDI limit in media
Hindustan Times
Govt studies proposals to raise FDI limit in mediaA keenly watched space is news media, print and digital, where FDI is limited to 26%. TRAI's proposal is to enhance this -- in the case of broadcast news -- to 49%. The Indian Newspapers Society, a lobby group, has made a case for a similarly higher

Digital
Technology startup Fourth Lion acquires political consultancy Samagra
Technology  startup Fourth Lion acquires political consultancy Samagra - Economic Times
Bengaluru company has bought Samagra, a Delhi-based political consultancy focusing on constituency development and research, in a cash-and-stock deal, completed earlier this month.


Retail
Kishore Biyani's limitless ambitions
Kishore Biyani's limitless  ambitions - Business Standard
He wants to transform his retail-led enterprise into a consumer goods giant, and reach Rs 1 lakh crore in turnover by 2021, but is that feasible?

Retail
Opening up to FDI is the answer to sustaining India's retail e-commerce
Opening up to FDI  is the answer to sustaining India's retail e-commerce - Economic Times
The moment the sector starts to realise its potential, we will likely see a slew of activity from domestics businesses keen to latch on its growth.

Retail
Telangana permits retailers to remain open 365 days
Telangana permits retailers to  remain open 365 days - Economic Times
Telangana government has exempted the retailers from weekly closure as mandated by the Shops and Establishments Act, subject to certain conditions

Retail
7 Key Lessons for Indian E-Commerce from its Telecom Industry
7 Key Lessons for Indian  E-Commerce from its Telecom Industry - Pulse
Wireless telecom (mobile) services industry was the first technology-based industry to scale rapidly in the consumer space in India.


Telecom
Reliance Jio in 2014-15: FY15 results, Jio Chat, Wi-Fi services, spectrum auctions & more
Reliance Jio in 2014-15: FY15  results, Jio Chat, Wi-Fi services, spectrum auctions & more - MediaNama.com
Reliance Industries Limited's (RIL) telecom & digital arm Reliance Jio Infocomm, which recently confirmed that it will commence commercial operations by

Telecom
Micromax in talks to sell one fourth stake to Alibaba for about $700 million, softbank may join the deal
Micromax in talks to sell one  fourth stake to Alibaba for about $700 million, softbank may join the deal - Economic Times
Micromax is on the verge of signing an agreement to with Alibaba for Rs 4,200 cr, in what will be the first such purchase in an Indian phonemaker by an overseas investor.

Telecom
Airtel files FIR against former employee for stealing confidential data to aid Reliance Jio
Airtel files FIR against former  employee for stealing confidential data to aid Reliance Jio - Economic Times
Airtel filed police complaint saying that Yasir Majid had before leaving firm downloaded and copied confidential information for the possible use of Jio.

Telecom
India, Where Cash Is King, Poised For Mobile-Payments Revolution As Internet Giants Alibaba, Amazon Move In
India, Where Cash Is King, Poised  For Mobile-Payments Revolution As Internet Giants Alibaba, Amazon Move In - International Business Times
Getting Indians to switch from cash to mobile wallets is a daunting task, but some startups are attempting just that.


Finance
Global fund-of-funds Hamilton Lane raises $1.5B in co-investment vehicle
Global  fund-of-funds Hamilton Lane raises $1.5B in co-investment vehicle - VC Circle
Hamilton Lane is an investor in India- and Southeast Asia-focused PE firm Creador.

Finance
Finance ministry to assess capital requirement of PSU banks
Finance ministry to assess  capital requirement of PSU banks - Livemint
Besides current fiscal need, banks have been asked to submit five-year capital requirement, sources said

Finance
What are the factors that've led to Chennai Petroleum zooms 100% in one month?
The stock has touched a fresh 52-week high of Rs 188 in intra-day trades on the BSE, rallying more than 100% from Rs 90 on May 22.

Finance
Govt throws state-run banks a thin lifeline
India plans to inject about $3 billion into state-owned banks this fiscal year, and potentially $6 billion next year, to help recapitalise the sector and allow it to meet Basel III rules



Software
Alibaba to pick up 25% stake in Micromax with a $1 bn deal
China's Alibaba Group is close to finalizing a near $1 billion deal to acquire a significant stake in Indian mobile phone maker Micromax

Software
How Vishal Sikka is remaking Infosys with one project at a time ?
How Vishal Sikka is remaking  Infosys with one project at a time ? - Economic Times
Infosys grants 1.24 lakh restricted stock units to CEO Sikka - The Board has also approved the proposal to buy the healthcare business from Infosys Public Services, Inc.

Software
Tech Mahindra wins $94 million outsourcing deal : Will set up new healthcare unit
Tech Mahindra  wins $94 million outsourcing deal : Will set up new healthcare unit - Reuters
Tech Mahindra to Set up Healthcare Unit With USD 94 Million Outsourcing DealThe New Indian ExpressTech Mahindra to set up healthcare unitBusiness Todayall 16 news articles »

Software
E-payment solution companies offering vernacular solutions : See huge business
e-Paisa, which offers its multilingual app along with a card reader to its customer, has merchants signed up from Delhi, Mumbai, Pune, Surat and Ahmedabad.



Franchise
Franchisee Journey: From employee at mall to franchisee with 2 locations
Franchisee  Journey: From employee at mall to franchisee with 2 locations - Entrepreneur
Mohammad Mansour worked summers at the Illinois mall. Today, he's the employer, giving back to his community in the form of jobs for youth.


HR
This Indian Bank Is Planning Thousands of Hires to Boost Lending
HDFC Bank Ltd., India's biggest lender by market value, will add thousands of employees and open hundreds of new branches this year to boost lending that's already growing at twice the national rate.

HR
SoftBank, Bharti and Taiwan's Foxconn form JV for renewable energy in India
SoftBank would invest $20 billion along with Bharti Enterprises and Foxconn in setting up solar power parks in India

HR
Infosys plan to re-align staff across projects draws mixed response
Infosys Ltd plans to re-deploy many of its experienced engineers evenly across its 23,000 current projects and some new ventures instead of concentrating them in a few projects

HR


Logistics
Trina Solar Is Building 2 GW Solar Manufacturing Capacity In India along with Welspun energy, location could be Gujarat or Andhra
Trina Solar Is Building 2 GW  Solar Manufacturing Capacity In India along with Welspun energy, location could be Gujarat or Andhra - CleanTechnica
In an interview to Bloomberg, Zhiguo Zhu, senior vice president of Trina Solar shared that "Next year, India will become our third-largest market.

Logistics
The Porter Grabs $5.5 Million(Rs 35 crore) To Organise India\'s Scattered Logistics Market; functions as an online logistics aggregator
Mumbai-based the porter has raised $5.5Mn in Series A round of funding from Sequoia Capital, Kae Capital and others. The funds will be used for recruiting talent, improving its services and geographical expansion.

Logistics
Introduce freight villages to establish cluster of related logistics functions such as warehousing, re-packing,bulk-breaking,truck parking and others
Introduce freight villages to  establish cluster of related logistics functions such as warehousing, re-packing,bulk-breaking,truck parking and others - Knn India
ASSOCHAM has mooted a proposal to the Transport and Shipping Ministry for introducing 'freight village' concept on the line of European model that takes the clustering of related logistics activities to a new level.

Logistics
India's Shreyas Shipping adds container ship to fleet; capacity of 700, 20 foot equalent units
Shreyas Shipping and Logistics on Wednesday said it signed an agreement to buy the Hub Gallardo, a container ship with a capacity of approximately 700 20-foot-equivalent units, the Indian short-sea ship operator's second acquisition this month.


Construction
Land, funds crunch to delay LMRC work by 31st October,2016
The Uttar Pradesh government has directed the officials to ensure metro rail facility in Lucknow by completing the first phase of the project by October 31, 2016. State chief secretary Alok Ranjan in a directive assured that lack of funds would not be a hurdle in implementation of the project.

Construction
India's cement industry may not revive until FY17
Analysts have suggested that cement demand in India may not see a revival until FY17.

Construction
DLF to raise upto $786M through debt securities
DLF looks to raise up to $786M through debt securitiesVC CircleIndia's top public listed realtor DLF Ltd is planning to raise up to Rs 5,000 crore (nearly $786 million) though issuance of non-convertible debentures, including other debt securities, on private placement basis in one or more tranches, according to a ...DLF Seeks Approval to Raise Rs. 5000 Crore via NCDsNDTVDLF rises on eyeing to raise Rs 5000 crore through NCDsMint Market Infoall 13 news articles »

Construction
Find your dream house at Indiaproperty.com expo
Find your dream house at  Indiaproperty.com expo - The Hans India
Indiaproperty.com will host its flagship property show Gruhapravesham in the weekend. Over 200 new projects and plots ranging between Rs 2 lakh and 2 crore will be showcased at the expo by over 80 builders in Hyderabad who will offer exclusive deals and discounts. The event will be inaugurated by C Shekar Reddy, former CREDAI national president.


Marketing
Bedraj Tripathy, AVP, Godrej Interio on Integrated Marketing : DMAi Video

Selling a living room to customers rather than selling furniture to them -Bedraj Tripathy, AVP- Integrated Marketing, Godrej Interio opines this concept and that is where the role of technology steps in. Moreover, Customers are not to be treated as mere data points of data driven marketing. They are and rightly deserve to be treated as humans and this can only be done by giving the customers an experience rather than selling them a product - there can't be a better way to understand the user, right ? Tune in here to get more insights on understanding your customer better than competition exclusively at #DMAi Screen

Marketing
Unilever deepens Vice Media ties with female-focused channel : News
Unilever deepens  Vice Media ties with female-focused channel : News - The Drum
Vice Media and Unilever have joined forces to launch a channel that promises to cover the subjects that matter most to women in the first...

Marketing
Can Indian brands own a larger piece of the multi-billion dollar global yoga industry? : Report
Can Indian brands own a larger  piece of the multi-billion dollar global yoga industry? : Report - Economic Times
The origin and source of Yoga can be traced back to India but the advantages didn't accrue to the country, says Future Brands' Santosh Desai...

Marketing
We want to make Bata one-stop solution for shoppers : Rajeev Gopalakrishnan
Interview with Group managing director, Bata South Asia


Politics
BJP's Pankaja Munde accused of Rs 206 cr scam, Maha CM Fadnavis defends her

Maharashtra's Women and Child Development Minister Pankaja Munde was in trouble on Wednesday following allegations that she cleared purchases worth Rs 206 crore through 24 Government Resolutions on a single day instead of inviting tenders.

Politics

Politics
St Stephen's Molestation Case: Professor Steps Down From Post Of Bursar

NEW DELHI — A professor who was accused of molesting a PhD student at Delhi's prestigious St Stephen's college has stepped down from his post of Bursar. The Human Resource Development Ministry h

Politics
Delhi Court Admits Petition Challenging Smriti Irani's Educational Qualifications

NEW DELHI -- A Delhi court today declared a petition challenging the educational qualifications of Union Minister Smriti Irani as "maintainable." Ahmer Khan, the freelance writer, who


Sports
Dhawan, Dhoni set up consolation win
Fifties from Shikhar Dhawan and MS Dhoni set India up for their best batting performance of the ODI series and gave them the consolation of avoiding a 3-0 Banglawash

Sports
After 2-1 win, Bangladesh jump to 7th place in ICC ODI rankings; India stay 2nd

The 2-1 series win in Mirpur has put Bangladesh on 93 ratings points – five behind sixth-ranked England and five ahead of eighth-ranked West Indies.

Sports
Former Pakistan skipper Zaheer Abbas confirmed as ICC President

Zaheer began his one-year term and thanked the ICC Board and the Full Council for confirming his nomination.

Sports
Constantine: Why doesn't India have talents in Asian leagues?

The Indian gaffer called on the development of a dedicated scouting network in India, citing Asian examples of development of talent...


Entertainment
Shah Rukh Khan completes 23 years in Bollywood

Shah Rukh Khan celebrates 23 years of outstanding work in cinema today, June 25.

Entertainment
Coming soon: Salman Khan's favourite song from 'Bajrangi Bhaijaan' in Adnan Sami's voice

Salman Khan has announced a collaboration with Adnan Sami for a song in 'Bajrangi Bhaijaan'.

Entertainment
Hrithik Roshan pushed limits to do stunts for ‘Mohenjo Daro': Ashutosh Gowariker

Ashutosh Gowariker is impressed with Hrithik Roshan's stunts in his forthcoming directorial "Mohenjo Daro".

Entertainment
Kangana Ranaut sends legal notice to T-Series to block 'I Love NY' release

Kangana Ranaut has served a legal notice on T-Series to block the release of its upcoming film 'I Love NY' featuring her.


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