Tuesday, June 30, 2015

June 30, 2015 - Breaking: Quikr in talks to acquire Housing.com; CEO Rahul Yadav confirms

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Digital
Breaking: Quikr in talks to acquire Housing.com; CEO Rahul Yadav confirms
Breaking: Quikr  in talks to acquire Housing.com; CEO Rahul Yadav confirms - VC Circle
Online classifieds firm Quikr is in talks to acquire real estate portal Housing.com, according to people familiar with the development.

Digital
Former Sun Microsystems execs driving startup revolution: 13 startups founded by Indian-origin technologists identified
Former Sun Microsystems execs  driving startup revolution: 13 startups founded by Indian-origin technologists identified - Economic Times
The former Sun engineers are middle-aged, primarily working on enterprise software and, hence, barely in the limelight.

Digital
Bangalore-based digital marketing automation startup AdWyze raises $1 million
Bangalore-based startup AdWyze, digital marketing automation and optimisation platform has raised $1 Mn from investment bank Mape Advisory.

Digital
India's services marketplace UrbanClap bags $10 million from SAIF Partners, Accel Partners
India's services marketplace  UrbanClap bags $10 million from SAIF Partners, Accel Partners - Tech in Asia
Hyperlocal startups in India are giving e-commerce giants a run for their money. And now on the top of it, even the investors seem to take an added interes


Retail
Quikr in talks to buy Housing.com in cash and stock deal estimated at Rs 1,100 crore
Quikr in talks to  buy Housing.com in cash and stock deal estimated at Rs 1,100 crore - The New Indian Express
According to people directly aware of the development, the cash and stock deal could be struck at up to Rs 1,100 cr depending on the stock-cash split.

Retail
Filmmaker gifts Mumbai its first Irani cafe in 50 years
Filmmaker gifts Mumbai its first  Irani cafe in 50 years - Mid-Day
A filmmaker undertook intensive research in 2013 on the city's Irani cafe culture. The result of that study? A brand new Irani cafe, Mumbai's first in 50 years, finds Anju Maskeri

Retail
Amazon India with 23.6 million unique visitors in May narrowly edges past Flipkart with 23.5 million unique visitors: comScore
Amazon India with 23.6 million  unique visitors in May narrowly edges past Flipkart with 23.5 million unique visitors: comScore - Firstpost
As e-commerce players battle it out for buyers' attention, Amazon India has caught up with Flipkart and overtaken Snapdeal in terms of monthly unique visitors in May.

Retail
Average sales per day at CCD outlets around three times lower than its strongest competitor Starbucks
Average sales per day at CCD  outlets around three times lower than its strongest competitor Starbucks - Financial Express
Starbucks, which is present in India through a 50:50 joint venture with the Tata Group, has 64 outlets in the country.


Telecom
Facebook user base touches 125 million in India, launches 2G-friendly mobile app 'Facebook Lite' to cater users with slow Internet connectivity
Social networking giant Facebook has added 13 million users in six months to take its userbase to 125 million in India, its second-biggest market globally.

Telecom
India's telecom industry plans new spectrum bands for its vision 2025
India's  telecom industry plans new spectrum bands for its vision 2025 - ET Telecom
GSMA is presenting a case for new bands at the International Telecom Union meet..

Telecom
Airtel to infuse Rs 6400 crore in 3G services that brought 84% growth in data revenue
Airtel to infuse Rs 6400 crore in  3G services that brought 84% growth in data revenue - Economic Times
The proportion of its 3G sites increased to 33.3% of the total in the quarter ended March 2015, from 22.6% a year earlier.

Telecom
Idea gets 2 crore subscribers, plans 4G launch in Madhya Pradesh and Chattisgarh
Idea gets 2 crore  subscribers, plans 4G launch in Madhya Pradesh and Chattisgarh - ET Telecom
The telco achieved this milestone on back of a successful FY15 when it added nearly 20 lakhs users in the circle and recorded highest YoY growth of nearly 4 p..


Finance
SBI steps up recovery of bad loans in retail, realty segments
SBI is taking steps to clamp down on bad loans that include web-based tracking of assets and "regular calls" to stressed accounts in retail as well as real estate segments

Finance
Yes Bank plans $1-billion ADR issue next fiscal
Mid-sized private sector lender Yes Bank Ltd has said it would prefer raising money through an ADR (American depository receipts) issue under its $1-billion capital infusion plan next fiscal

Finance
Five ways Greece crisis can affect your life
Five ways Greece crisis can  affect your life - Business Standard
Europe's troubles may have a more direct impact than is apparent at first glance

Finance
Greek crisis not to impact ICICI Bank: Chanda Kochhar
ICICI Bank on Monday said it sees no impact of the Greek debt crisis on the bank as it has no exposure to Europe.


Food/FMCG
Top Ramen follows Maggi off the shelves
Top Ramen follows Maggi off the  shelves - Times of India
The noodle industry in India has found itself tied up in knots again after the central food safety regulator FSSAI on Monday ordered Japanese noodle maker Indo Nissin to withdraw its Top Ramen brand of instant noodles from the market.

Food/FMCG
ITC's food business revenue hits billion-dollar mark
ITC's food business revenue  hits billion-dollar mark - Times of India
Tobacco-to-hotels-to-FMCG conglomerate ITC's foods business has become a billion-dollar baby in less than a decade.

Food/FMCG
Hindustan Unilever reorganises go-to-market operations, creates 14 consumer clusters -ET
Hindustan  Unilever reorganises go-to-market operations, creates 14 consumer clusters -ET
"This model brings us closer to our local consumers and provides us with a more granular understanding of competitors" Harish Manwani said.

Food/FMCG
HUL gains market share in 90% of its portfolio
HUL gains market share in 90% of  its portfolio - ET
Six brands have crossed the annual Rs 2000 crore sales mark, 5 brands have sales of more than Rs 1000 crore while 6 brands have sales of Rs 500 crore.


Software
Greek crisis may result in India's software and engineering exports taking a hit
Greece crisis to hit Indian exports, trigger capital outflows Indian exports, capital outflows may be hit by Greece debt crisisHindustan Timesall 118 news articles »

Software
Tech Mahindra sees weak revenue and Margin pressures ahead : April-June quarter to be hit and other IT firms may follow suit
Tech Mahindra warned that a seasonally weak mobility business and visa costs will impact its revenue in the April-June quarter, forcing the firm to resort to cost control measures and improving operational levers.

Software
Why India's tech stars are shifting to Silicon Valley for starting-up?
Excessive red tape in processes such as early-stage investing and mergers and acquisitions is forcing young, promising ventures in India to shift overseas, a group of top Indian entrepreneurs and investors told Finance


Ecommerce
Alibaba in advanced talks to increase stake in Paytm to 40%; deal may value Indian e-tailer at Rs 23,600 crore
Alibaba in advanced talks to  increase stake in Paytm to 40%; deal may value Indian e-tailer at Rs 23,600 crore - Economic Times
Fresh investment, which subsumes an outstanding tranche of previous transaction under which Alibaba was to have pumped in another $375-mn, will see Paytm valued at Rs 23,600 cr.

Ecommerce
Snapdeal redesigns its website and apps aiming at making its platform more visually appealing and easier for users
eCommerce major Snapdeal has redesigned its website and Android and iOS apps aimed at making its platform more visually appealing and easier for users to scout through various shopping categories. The new look, which will go live later this week,

Ecommerce

Ecommerce
HUL has identified the growing e-commerce opportunity ahead of the curve: Chairman Harish Manwani
Hindustan Unilever (HUL), India's largest consumer packaged goods company by revenue, is looking to ride the e-commerce wave sweeping the country


Franchise
Franchisee Journey: From student at Fred Astaire Dance Studio to franchise owner
Franchisee  Journey: From student at Fred Astaire Dance Studio to franchise owner - Entrepreneur
Seeing the good things ballroom dance did for her mother's health, Andrea Bisconti decided to follow her example.


HR
Fat pay packages: Crorepatis in Wipro gone up from 38 to 70 in the past year
Fat pay packages:  Crorepatis in Wipro gone up from 38 to 70 in the past year - Economic Times
Last year, 38 employees at the nations third-largest software exporter earned Rs 1 crore or more.

HR
Hard put, India Inc reins in staff costs
Hard put, India Inc reins in  staff costs - Financial Express
Employee costs grew at the most sluggish pace in six years last year, a time when India Inc reported its worst performance since the financial crisis of 2008...

HR
The Most Attractive Employers For Engineering Students Around The World
Earlier this year, global research and advisory firm Universum looked at the employers who are most attractive to business and engineering students in the U.S., and in a report released last week, they widened their focus to provide a global outlook on these groups.

HR
Snapdeal winds up a for new look under new CPO Anand Chandrasekaran
Snapdeal winds up a for new look  under new CPO Anand Chandrasekaran - The Indian Express
Snapdeal redesign sees the company ditch the traditional red banner in the background in favour of more white space


Logistics
Australian project stuck, Adani to focus on domestic plans, have potential to execute Rs1,28,000 cr worth projects in India
Australian project stuck, Adani  to focus on domestic plans, have potential to execute Rs1,28,000 cr worth projects in India - Business Standard
With projects worth Rs 1,28,000-cr, the group hopes to become one of the country's biggest industrial houses

Logistics
Rail Freight Subsidy for Phosphatic and Potassic ( P and K) fertilisers in for review
Over a month after the Union Cabinet approved the 'rail freight subsidy on a lump sum basis for phosphatic and potassic (P & K) fertilisers', the Fertiliser Ministry is doing a re-think.

Logistics
Clash of the Titans: Private Indian ports grab yet more market share from public ports
Minor ports in India are aggressively eating into the market share of their government-owned big rivals, as shippers and ocean carriers frustrated with growing delays at some of the leading public port complexes, including Jawaharlal Nehru Port Trust, look for alternative port options, according to an analysis of port statistics obtained by JOC.com.

Logistics


Construction
Delay in completing projects will lead to penalties for Navi Mumbai SEZ developers
Delay in  completing projects will lead to penalties for Navi Mumbai SEZ developers - Times of India
While the Navi Mumbai SEZ is yet to take off, the state, through Cidco, may seek damages or impose penalties on the developers of the SEZ and also introduce a termination clause for future.

Construction
Why did NCR realtors give flash sales a miss? When there is huge inventory piled up?
Why did NCR  realtors give flash sales a miss? When there is huge inventory piled up? - ET Realty
Pundits say, unlike its Mumbai counterpart, the NCR realty market is not for impulse buying. A minimal participation was seen by groups like Wave, Tata Housin..

Construction
Cement market in North India likely to revive by FY18
Cement market in North India  likely to revive by FY18 - Moneycontrol.com
Historically, North India is a well-balanced market with high capacity utilisation, low fragmentation and little inward dispatch threat from other manufacturing regions. But a large proportion of the cement market is dependent on rural or retail sales, Ambit Capital said in a report.

Construction
Credai New Team Seek to Boost Real Estate Sector in Hyderabad
The Confederation of Real Estate Developers' Association of India (Credai) Hydera


Marketing
'Developing innovations with consumer price at the heart of HUL's inclusive strategy : Report
'Developing innovations with  consumer price at the heart of HUL's inclusive strategy : Report - Times of India
Herbal products, diapers some of the areas company will focus its attention in future

Marketing
Cafe Coffee Day's Daddy Files For An IPO To Raise $180 mn : Report
Cafe Coffee Day (CCD) parent Coffee Day Enterprises Ltd has filed for an initial public offering (IPO) with for listing on the stock markets to raise Rs1,150 crore in funding

Marketing
Mobile video advertising viewability debate : Advertisers vs publishers vs ad networks?
Mobile video  advertising viewability debate : Advertisers vs publishers vs ad networks? - VentureBeat
Guest Brands like Kellogg's and Unilever are skeptical over Google's claims of 91 percent viewability rate in YouTube, reportedly prompting some to withdraw spend until more transparency is provided.

Marketing
Having a CMO in the management makes a huge difference: Hyatt's CMO
Having a CMO in  the management makes a huge difference: Hyatt's CMO - Forbes India
Understanding a region's nuances is important while shaping a campaign, says Hyatt's chief marketing officer Maryam Banikarim. One cannot be everything to everyone, she adds


Politics
Friends with benefits: Lalit Modi's links fill most of us with envy

This is not a defence of Lalit Modi and his connections at all but really an indictment of our system which makes his kind of connection-building one of our highest aspirations.

Politics

Politics

Politics
Madhya Pradesh Home Minister Babulal Gaur Says Drinking Alcohol Is A 'Fundamental Right'

Babulal Gaur has done it again. The Madhya Pradesh Home Minister was at the centre of yet another controversy after an apparent flippant remark that alcohol was a "fundamental right" and a s


Sports
India tour of Zimbabwe 2015: After bench, Ajinkya Rahane in hot seat

After being dropped from XI in Bangladesh, Ajinkya Rahane named captain for Zimbabwe tour.

Sports
I am on top of the world: Patiala seamer picked for Team India

22-year-old Sandeep Sharma, who took 13 wickets in this year's edition of the IPL, had started training since he was 13.

Sports
Australia to host first day-night Test under lights in Novemeber

The Australia-New Zealand Test match under lights will start on Nov. 27.

Sports
It's a good comeback for Harbhajan Singh: Sourav Ganguly

Harbhajan Singh is now back for limited-overs format for India's ODI squad for the tour of Zimbabwe.


Entertainment
Bollywood Gossip: Ranveer, Ranbir party like best friends

Bollywood couple Katrina Kaif and Ranbir Kapoor were all smiles while they got photographed together at Arjun Kapoor's birthday.Pic credits (ArjunKapoor @ Instagram)In normal circumstances meeting your ex's current flame can make you feel awkward, but for

Entertainment
Salman-Kabir Khan's Jodi can become one of the greatest in Indian Cinema after 'Bajrangi Bhaijaan'

'Bajrangi Bhaijaan' has become one of the most awaited film of the year as Bollywood superstar Salman Khan and director Kabir Khan have teamed up for the second time.

Entertainment
Karan Johar lashes out at twitter user over snide comment
Karan Johar lashes out at twitter user over snide comment - BollywoodHungama.com news. The internet was broken on Saturday as numerous people took to social networking sites talking about the decision of the legalization of same-sex marriages in the US

Entertainment
Salman Khan secures Eid 2017 for 'Dabangg 3′

Salman Khan has reportedly secured Eid 2017 to release the third installment of his hit franchise 'Dabangg.'


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