Nov 16, 2016 - SaaS raises over $256 million in VC Funding

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Remember Microsoft, the 20th century behemoth? Turns out it's transforming into a 21st century giant, under the leadership of Satya Nadella. This Fortune piece on him follows him around several countries as he engages with governments, customers, schoolkids - all important to the new Microsoft. An excerpt - "There are two types of conversations you'd have at Microsoft when you'd explain things," Irving says. "One type of person waited for a break in the argument to argue back. The other listened to learn. That was Satya." Well before he was named CEO, Nadella "could suspend his disbelief and opinion to listen to you thoughtfully. The slight difference between listening to argue and listening to learn is not subtle. It's huge. Satya is soft-spoken but energetic, which is a weird combination." More here

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Your digital money may hold no currency

On their website, the company claimed to provide "all residents of earth" with sufficient number of coins to achieve independence from other money.

Advt: Work for the best employer - Yourself
Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification.

Bitcoin’s dirty secret: turning coal into cryptocurrency?

Bitcoin expert Alex de Vries says energy consumption in producing the cryptocurrency is insane and if we start using this on a global scale, it will kill the planet

VC investors head to Bharat for real impact

There is growing realisation across the board on the need to look at businesses that address problems in tier II towns.

Mid-sized construction firms race ahead in road sector

Timely execution of projects in road sector has enabled healthy profit margins and cash flows that are reflected in a decent interest cover for mid-size construction firms

Modi may give India its first employment policy in the coming budget

The policy is likely to be announced in the upcoming Budget, the last full one that will be presented by this government before general elections in 2019.

Economic growth in India: 2018 to be weaker than expected, says Credit Suisse

Credit Suisse said it believes that India's macroeconomic parameters should improve during 2018.

Bank NPAs the largest scam by UPA: Piyush Goyal

Goyal said between 2008 and 2014, lending of banks increased to Rs 52 lakh crore from Rs 18 lakh crore. “The credit growth in these years didn't match the GDP growth."

Need to demystify black money, tax havens to masses: Experts

Former professor of economics at the JNU, Arun Kumar said there have been movements to root out corruption in the past, but they could not prove sustainable.

Demonetisation had little to do with corruption: Kaushik Basu

Basu said that demonetisation had very little to do with corruption and it is the poorer people and the informal sector which has been hit very adversely by the move.

A 15-year journey to bridge the digital divide

It has been 15 years since we took an oath to work with the poorest of the poor in rural India to fight information poverty

Tech Mahindra eyes 30 startups a year as partners

TechM identifies over 300-400 startups from across the world and zeroes in on 20 to 30 startups after a rigorous filtration process.

Two deals that could turn the fortunes of India's venture capital industry

How the impending deals involving Ola and Flipkart unfold over the next few days will to a great extent set the tone for the venture capital market next year

HomeLane raises $10 million from Accel Partners, others

For online home furnishings start-up HomeLane, the latest round gives it resources to scale operations and aggressively target new customers

IPO activity likely to remain high next year, says JPMorgan India's Kulkarni

JP Morgan India’s Kaustubh Kulkarni on the various factors that have driven the large M&A, PE and IPO deals in 2017 and gives his views on the deal market in 2018

Govt exploring opportunities to make India USD 1 trillion digital economy

This is the second such meeting to be held by Prasad and significant since it comes ahead of the Union Budget 2018-19 slated to be presented in the next two months.

L Catterton buys majority stake in Social bar chain co

Hina Khan said that tap water was the reason why they were all getting unwell in the Bigg Boss 11 house.

WTO: India manages to prevent new deal on ecomm, investment facilitation

No dilution in peace clause; work on permanent solution to continue

Flipkart's wholesale unit sees revenue growth slow

Flipkart India, the wholesale arm of e-commerce retailer Flipkart, posted a turnover of Rs 15,264.4 crore for the year ended March 2017, an increase of 15.8% over Rs 13,177 crore in revenues for FY16, filings with the Registrar of Companies and data platform Tofler showed.

GST, a boon for the logistics sector

With the increasing use of technology and consolidation of warehouses, GST is bringing

Metro ups the ante to battle Walmart in cash-and-carry retail biz

German wholesaler aims to double its store count of 24in next three years

India competition watchdog approves SoftBank-Flipkart, Alibaba-BigBasket deals

The RHC LDC computer test marks can be accessed from the link "Final Result(Marks) LDC for District Courts, 2017" given on the website.

Myntra, Jabong claim to be India's largest multi-brand sportswear retailer

Jabong says sportswear will represent a $500 mn business for it in the next three years

We have the cash flow to make growth happen: Kishore Biyani

In a conversation with Ajita Shashidhar, Kishore Biyani, Chairman, Future Group, gets into details of his vision for his FMCG business.

OnePlus 5T Star Wars Edition set to launch in India today, goes on sale on December 15

The new OnePlus 5T Star Wars edition will go on sale for the first time in the country on December 15, coinciding with the release of Star Wars: The Last Jedi.

Ratan Tata-backed Teabox raises $7 mn in Series B round

While some Bollywood stars went all-out in festive lehengas and saris, others kept their looks casual in dresses and jeans. Check out all the outfits now.

Puma expanding India base, to open 35 more stores

The sportswear brand, which currently has 355 stores across 120 cities, is also looking to invest and build its e-commerce platform to stay ahead of competition

Goldman Sachs India buys 4.88 lakh shares of V2 Retail

Pramod Chand Mahnot sold 7,00,000 shares of V2 Retail.

HC orders inspection of DLF mall by DDA

RBI had on December 6 revised the MDR for debit card transactions at large format retail stores from 0.5 percent per transaction to 0.9 percent (not exceeding Rs 1,000).

ITC opens Rs1,500cr integrated food park in Punjab, milk-based beverages to be launched

Ready-to-drink milk-based beverages and frozen desserts to be launched in FY19E in addition to atta, noodles, wafers, biscuits, fruit juices and other fruit-based beverages

Virat Kohli to endorse Too Yumm snacks

Too Yumm is targeting sales of over Rs 500 crore from the FMCG business next fiscal year and is setting up a FMCG greenfield manufacturing plant in Telangana.

FSSAI enlists 15 agencies to audit food safety

Some agencies which have been empanelled are DNV, Bureau Veritas, Intertek, MS Certification, IRCLASS, SGS, BIS, TUV and Indocert.

Hindustan Coca-Cola Beverages brings together manufacturing companies and Govt organizations- Odisha Diary

Bhubaneswar: With an aim to help enhance industrial safety standards and prevent loss of lives during industrial fire accidents, Hindustan Coca-Cola Beverages (HCCB) PvtLtd’sKhurda planthosted a training program for manufacturing industries on effective firefighting, rescue and evacuation. The training program wasorganized by the Office of the Deputy Director of Department of Factories and Boilers in …

Basmati mandis to be set up across J K: Minister

Basmati mandis to be set up across J K Minister

No Wheels enough to catch up with Ghari; detergent maker maintains market share

The detergent brand is now bigger than the next 3 popular brands — Wheel, Sunlight and Nirma — put together in economy segment.

In its bid to woo the Indian customer, Amazon resorts to 'no questions asked' policy
In its bid to woo the Indian customer, Amazon resorts to 'no questions asked' policy - Hindu Business Line
These incidents are recent examples of how the e-tail giant chooses to treat its customers and responds to customer complaints with a no-questions-asked returns policy, which it claims is usually not the industry norm Facebook Twitter Linkedin Email

Flipkart 'New Pinch Days' sale to offer up to 80% discount on smartphones, apparels and more
Flipkart 'New Pinch Days' sale to offer up to 80% discount on smartphones, apparels and more - Business Today
After its Big Billion Days sale, Flipkart has announced New Pinch Days sale, with discounts up to 80 per cent across categories, right before Christmas and New Year's eve. Facebook Twitter Linkedin Email

BT Podcast:Norms for cryptocurrencies soon,Vodafone suffers setback
BT Podcast:Norms for cryptocurrencies soon,Vodafone suffers setback - Business Today
The finance ministry is in the process of preparing norms for cryptocurrencies or virtual currencies, such as Bitcoin Facebook Twitter Linkedin Email

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