Dec 5, 2016 - IRDAI tightens non-compete fee rules for M&As

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
A lot of fake and misleading news stories were shared across social media during the US election. One that got a lot of traffic had this headline: "FBI Agent Suspected In Hillary Email Leaks Found Dead In Apparent Murder-Suicide." The story is completely false, but it was shared on Facebook over half a million times. Mark Zuckerberg's got to be kidding if he says this is not a huge problem. NPR hunted down the creator of this story and discovered a mini-industry. Full story here

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Uber CEO and Alphabet invest in urban farming startup

Bowery Farming Inc., a two-year-old startup that uses robotics to cultivate crops indoors, is on track for more growth




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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.

Cos vanishing act on GST invites taxmen

Taxmen are considering putting in place an extensive plan to hunt for missing GST taxpayers.



Government may keep FY19 bank recap target at Rs 65,000 crore: Icra

The government is likely to keep its bank recapitalisation target unchanged at Rs 65,000 crore for the current financial year as lenders under RBI's prompt corrective action (PCA) framework will not maintain capital conservation buffers, rating agency Icra said



Lack of long-term bond market in India strangulating small firms: Henry Kravis

The co-founder of global investment company KKR says US-China trade war advantageous for India



Financial and agri sector challenges to impact India’s growth in short and long term: Arvind Subramanian

India will have to overcome globalisation backlash with better policies at home, says the former CEA.



Bandhan Bank's Rahul Johri, Prasanta Kumar Sahu quit to set up their own microfinance venture

The trio is seeking a non-bank finance licence from the Reserve Bank of India for their new initiative.



Foodybuddy raises Rs 6 crore from Prime Venture Partners

The company will use the funds to develop the product and expand the team



We need more capital formation and a broader investible universe: Vikram Limaye, NSE

You need to educate the common man about the products available & associated risks, says Limaye



CDC commits $25 million to Lighthouse’s third PE fund

Lighthouse raised its first fund of $100 million in 2009, followed by a second fund of $135 million. The firm has invested in 17 companies since then



Singapore private banks targeting NRI clients in the Middle East

Leading brand for international independent financial advisers, wealth management professionals serving expatriate and cross-border clients worldwide.



India needs to have a good oil hedging policy: Raghuram Rajan

Raghuram Rajan says with geo-political factors impacting crude prices, India needs to have a good oil hedging policy as the volatility will continue to rise



Our competition is the stock market, not private equity firms: KKR CEO

We are investing in infrastructure, education, waste management, and healthcare, says KKR CEO Henry Kravis



ICICI Bank reaches out to working women with new savings account

It also offers unlimited free transactions on ICICI Bank as well as non-ICICI Bank ATMs in India.



Ninjacart Raises $34.6 Mn In Series B Funding Round To Fuel Expansion Plan

The platform will use the funds raised for expanding to new geographies, strengthening its product and technology team.



Hero Future Energies looks to raise $200 million from PEs for 25% stake

The company is eyeing a valuation of $800 million, once the money is raised against 25% equity.



NCLT Approves Srei Vision Fund’s Acquisition of Kitply Industries

The committee of creditors had on October 2018 approved the Rs 175-crore resolution plan submitted by Srei Multiple Asset Investment Trust for the Kolkata-headquartered Kitply Industries.



NinjaCart raises $35 million from Accel, Syngeta Ventures

NinjaCart plans to utilize the capital to expand operations to 10 cities and open 200 distribution centres



Opinion: Reserve Bank’s ‘independence’ costs you money

RBI has not understood its role as a protector of bank consumers



Ajay Devgns NY cinemas to hit 250 screens in next 4-5 years
Ajay Devgns NY cinemas to hit 250 screens in next 4-5 years
When asked on how NY Cinemas will be different, Sharma said Devgns idea is to create a unique, concept-driven multiplex theatre design that will be unlike any other cinema experience in India.



Reliance retail may use 5k Jio points for e-comm connect
Reliance retail may use 5k Jio points for e-comm connect
Stores to help those without net access to buy grocery, apparel soaps, etc, online.



Triumph has quietly completed five years in India. It wants the next five to be a lot noisier.
Triumph has quietly completed five years in India. It wants the next five to be a lot noisier.
The British motorcycle maker has big plans for the country. Can it overcome a sluggish market?



Walmart Labs makes its second acqui-hire in India with machine learning startup Int.AI
Walmart Labs makes its second acqui-hire in India with machine learning startup Int.AI
Walmart had acqui-hired micro-app startup Appsfly in September, merging that six-member team with its customer experience engineering group.



What's For Dinner? Supermarkets, Stores Serving Up High Tech
What's For Dinner? Supermarkets, Stores Serving Up High Tech
As tech companies like Amazon rediscover retail, retail is discovering tech in a wedding made for the supermarket and store aisle. It’s a perfect time to look at the tech landscape in the far-from-sleepy supermarket sector and what drives change.



Companies like Target and Gap are fixing one of iPhone-obsessed customers' most annoying thing about shopping in stores
Companies like Target and Gap are fixing one of iPhone-obsessed customers' most annoying thing about shopping in stores
Retailers like Target, Gap, and Under Armour are adding free phone-charging stations to stores.



CAIT slams CII report favouring 100% FDI in multi-brand retail
CAIT slams CII report favouring 100% FDI in multi-brand retail
India Business News: New Delhi, Dec 12 () Traders' body CAIT Wednesday slammed industry chamber CII for favouring 100 per cent foreign direct investment in multi-brand ret



Flipkart & Amazon Have Been Given Control Of Indian Retail Market, AIOVA Tells Modi
Flipkart & Amazon Have Been Given Control Of Indian Retail Market, AIOVA Tells Modi
The All India Online Vendors Association has written to the PM alleging small players are being exploited by the likes of Amazon and Flipkart.



Building an Ecommerce Business, Part 8: Customer Service
Building an Ecommerce Business, Part 8: Customer Service
Startups and seasoned merchants alike can run into hiccups with managing customer service. Is it better to do it in-house or to outsource? Should you hire someone from the start? This is episode eight in my series on building an ecommerce business from the ground up.



Flipkart rejigs top deck again, Sriram Venkataraman appointed COO
Flipkart rejigs top deck again, Sriram Venkataraman appointed COO
Venkataraman will head the logistics vertical Ekart, the marketplace and the retail vertical



Phoenix Mills transfers Insight Mall Developers equity to Island Star Mall Developers
Phoenix Mills transfers Insight Mall Developers equity to Island Star Mall Developers
Insight Mall Developers now a step-down subsidiary of Phoenix Mills



Colgates Ayurvedic Bet To Protect Turf Starts To Pay Off
Colgates Ayurvedic Bet To Protect Turf Starts To Pay Off
Colgate Palmolive’s market share rose 40 basis points to 52.7 percent in three months ended September.



Titan's Revathi Kant on designing for Tanishq and Fastrack
Titan's Revathi Kant on designing for Tanishq and Fastrack
Chief design officer Revathi Kant oversees a team that creates over 5,000 new products every year.



ShoppRe online portal targets Indians living abroad
ShoppRe online portal targets Indians living abroad
International shipping and consolidation company ShoppRe.com is setting up in Dubai with a series of marketing campaigns. The shopping portal optimises



Onida starts manufacturing televisions for Reliance Retail
Onida starts manufacturing televisions for Reliance Retail
The company has taken strategic decision to start non-captive manufacturing during the current year.



Ninjacart raises Series B funding of Rs 250 crore led by Accel US and Syngenta Ventures
Ninjacart raises Series B funding of Rs 250 crore led by Accel US and Syngenta Ventures
Bengaluru-based B2B agritech startup Ninjacart on Wednesday raised Rs 250 crore funding led by Accel US, Syngenta Ventures, Jo Hirao, Founder of ZIGExN, Neoplux, HR Capital and Trifecta Capital. Exist...



Online Meets Offline: The Indian Ecommerce Story Enters Its Third Chapter
Online Meets Offline: The Indian Ecommerce Story Enters Its Third Chapter
Even in India, while companies are investing big money to win online against Flipkart and Alibaba, there are offline moves as well.



Yellow Tie Hospitality launches QSR 'Just Falafel' in India
Yellow Tie Hospitality launches QSR 'Just Falafel' in India
Yellow Tie Hospitality, India’s leading restaurant franchise management company has launched Dubai’s most popular Lebanese food brand‘Just Falafel’ in India. The first outlet opened at Hanuman Mandir, Pushkar, Rajasthan. Yellow Tie Hospitality has bought the brand for India. It was one of the fastest growing brands in UAE with presence in USA, Canada, Turkey, United …



Smartphone users in India install around 50 apps on average: Report

The average number of installed apps on an Indian's smartphone is 51, said a new report on Wednesday.



3 industry bodies moot rollout of 1 mn Wi-Fi hotspots by Sept 2019: Manoj Sinha

These services are proposed to be provided through a common platform to be owned and operated by them.



Movie-mad India could overtake U.S. as top user-base

Movie-mad Indians and the cheap data packs on their smartphones could make India...



Micromax sees opportunity in ‘new Indian consumer’, preps for series of smartphone launches

Micromax has already sent out invites for its next big launch, most probably a budget smartphone under its new Infinity series, on December 18.



Broadband services ready in 1.16 lakh gram panchayats, says Telecom Minister Manoj Sinha

Broadband services are ready in over 1.16 lakh village panchayats out of the 1.21 lakh connected with optical fibre network under the BharatNet project, Parliament was informed Wednesday.



Legacy staff cost, tariff war, absence of 4G service plaguing MTNL

India Business News: New Delhi, Dec 12 () The government on Wednesday said legacy staff cost, cut throat tariff war, and absence of 4G services are some of the major reaso



How WhatsApp Fuels Fake News and Violence in India

The messaging app owned by Facebook has become a major channel for hate speech and false stories in India. The government is demanding changes.



Indian telcos need to aggressively deploy massive mimo tech improve 4G: Ericsson

Swedish telecom gear maker said Indian telecom operators need to aggressively deploy massive mimo, a pre-5G technology to address the capacity-related..



We may launch OnePlus TV in India in 2020: OnePlus CEO

The company's founder and CEO Pete Lau shared that even as the company hasn't set any deadline for launching TVs in the country, one can expect it in ..



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