Paytm will partner with ICICI Bank to launch Prepaid cards.

Mobile commerce company Paytm  is planning a partnership with ICICI bank to launch virtual prepaid cards for its existing users. The partnership would allow its customers add money to their wallet at any ICICI branch. It will be a 16-digit, Paytm-ICICI Bank co-branded, virtual prepaid card that can be used at any retail organisation that accepts Visa, MasterCard and Rupay. It will go a long way towards having our wallet accepted across merchants,” said Vijay Shekhar Sharma, founder and chief executive of Paytm.

The partnership is one of its kind between an online retailer and a full scale bank. Both the companies are optimistic with the lauch and it will be interesting to see how the card suffices the need of current online savy shopper.

Indian banks have understood that they have to be a part of the mobile payments platform, either organically or inorganically, to preserve continuity of business,” said Jayanth Kolla, partner at research and advisory firm Convergence Catalyst.

The biggest advantage for the user will be that with this card they can shop not only on Paytm but also on other ecommerce sites like Amazon and Flipkart. The additional service of loading money into Paytm Wallets at over 4,000 ICICI Bank branches is yet another initiative to popularize the usage of electronic payments in the country, We don’t need to integrate our payments platform with all merchants, and this, in turn, will give universal access to consumers, who can shop at any establishment that accepts, credit, debit and prepaid cards.” said Rajiv Sabharwal, executive director, ICICI Bank.

Airtel to focus on Its Data and voice services , plans to invest Rs 60,000 crore for the improvements.

Bharti Airtel will invest Rs 60,000 crore in next three years to improve its data and voice services. The biggest telco decided to focus its resources more on technology as it will be facing challenges from other Telecom companies including the newly announced Reliance Jio. The company has named the plan as Project Leap and would use the funds to buy new equipments , expand the current broadband network and cover more and more are from its optical fibre network. The move is followed by investment plan announced by Vodafone , which plans to invest 13000 crore and Reliance Jio which has a massive pan of 1 Lakh Crore to invest in technology and infrastructure.

Speaking at a press conference the Company’s CEO of India and South East Asia said “The bulk of the investment will be in building infrastructure as the company has already bought most of the airwaves needed”.

The company has already planned a Capex of Rs 15000 crore by March 2016 and plans to invest in acquiring a few pockets in the 2100 MHz band in a few circles. The bandwidth will be used to offer seamless 3g services to audience while 700 MHz will be used to offer the 4G services . The company also plans to install 70,000 more base stations by March 2016.

Vittal denied reports that the company is investing ahead of Reliance Jio and said that the investment is done in order to refurbish its existing aging infrastructure. According to Vittal “I will not say it is in response to Reliance Jio’s launch but in response to expiry of permits which has led us to buy different configuration of spectrum,” Vittal said. “Competition doesn’t give us sleepless nights, it’s quality of services to our customers which does.”.

New Dad Mark Zukerberg to donate 99% of his facebook share.

Celebrating the birth of their first child , Max or Maxima , the powerful tech couple has decided to donate $45 million worth of shares of Facebook to “advancing human potential and promoting equality” through a new organization called the Chan Zuckerberg Initiative. Zukerberg will still hold the controlling rights of the company. The new initiative will fund non profits who are working in towards personalized learning, curing disease, connecting people, and building strong communities.

The full transcript of the letter written by the newly father to his daughter :-

Dear Max,

Your mother and I don’t yet have the words to describe the hope you give us for the future. Your new life is full of promise, and we hope you will be happy and healthy so you can explore it fully. You’ve already given us a reason to reflect on the world we hope you live in.

Like all parents, we want you to grow up in a world better than ours today.

While headlines often focus on what’s wrong, in many ways the world is getting better. Health is improving. Poverty is shrinking. Knowledge is growing. People are connecting. Technological progress in every field means your life should be dramatically better than ours today.

We will do our part to make this happen, not only because we love you, but also because we have a moral responsibility to all children in the next generation.

We believe all lives have equal value, and that includes the many more people who will live in future generations than live today. Our society has an obligation to invest now to improve the lives of all those coming into this world, not just those already here.

But right now, we don’t always collectively direct our resources at the biggest opportunities and problems your generation will face.

Consider disease. Today we spend about 50 times more as a society treating people who are sick than we invest in research so you won’t get sick in the first place.

Medicine has only been a real science for less than 100 years, and we’ve already seen complete cures for some diseases and good progress for others. As technology accelerates, we have a real shot at preventing, curing or managing all or most of the rest in the next 100 years.

Today, most people die from five things — heart disease, cancer, stroke, neurodegenerative and infectious diseases — and we can make faster progress on these and other problems.

Once we recognize that your generation and your children’s generation may not have to suffer from disease, we collectively have a responsibility to tilt our investments a bit more towards the future to make this reality. Your mother and I want to do our part.

Curing disease will take time. Over short periods of five or ten years, it may not seem like we’re making much of a difference. But over the long term, seeds planted now will grow, and one day, you or your children will see what we can only imagine: a world without suffering from disease.

There are so many opportunities just like this. If society focuses more of its energy on these great challenges, we will leave your generation a much better world.

  • • •

Our hopes for your generation focus on two ideas: advancing human potential and promoting equality.

Advancing human potential is about pushing the boundaries on how great a human life can be.

Can you learn and experience 100 times more than we do today?

Can our generation cure disease so you live much longer and healthier lives?

Can we connect the world so you have access to every idea, person and opportunity?

Can we harness more clean energy so you can invent things we can’t conceive of today while protecting the environment?

Can we cultivate entrepreneurship so you can build any business and solve any challenge to grow peace and prosperity?

Promoting equality is about making sure everyone has access to these opportunities — regardless of the nation, families or circumstances they are born into.

Our society must do this not only for justice or charity, but for the greatness of human progress.

Today we are robbed of the potential so many have to offer. The only way to achieve our full potential is to channel the talents, ideas and contributions of every person in the world.

Can our generation eliminate poverty and hunger?

Can we provide everyone with basic healthcare?

Can we build inclusive and welcoming communities?

Can we nurture peaceful and understanding relationships between people of all nations?

Can we truly empower everyone — women, children, underrepresented minorities, immigrants and the unconnected?

If our generation makes the right investments, the answer to each of these questions can be yes — and hopefully within your lifetime.

  • • •

This mission — advancing human potential and promoting equality — will require a new approach for all working towards these goals.

We must make long term investments over 25, 50 or even 100 years. The greatest challenges require very long time horizons and cannot be solved by short term thinking.

We must engage directly with the people we serve. We can’t empower people if we don’t understand the needs and desires of their communities.

We must build technology to make change. Many institutions invest money in these challenges, but most progress comes from productivity gains through innovation.

We must participate in policy and advocacy to shape debates. Many institutions are unwilling to do this, but progress must be supported by movements to be sustainable.

We must back the strongest and most independent leaders in each field. Partnering with experts is more effective for the mission than trying to lead efforts ourselves.

We must take risks today to learn lessons for tomorrow. We’re early in our learning and many things we try won’t work, but we’ll listen and learn and keep improving.

  • • •

Our experience with personalized learning, internet access, and community education and health has shaped our philosophy.

Our generation grew up in classrooms where we all learned the same things at the same pace regardless of our interests or needs.

Your generation will set goals for what you want to become — like an engineer, health worker, writer or community leader. You’ll have technology that understands how you learn best and where you need to focus. You’ll advance quickly in subjects that interest you most, and get as much help as you need in your most challenging areas. You’ll explore topics that aren’t even offered in schools today. Your teachers will also have better tools and data to help you achieve your goals.

Even better, students around the world will be able to use personalized learning tools over the internet, even if they don’t live near good schools. Of course it will take more than technology to give everyone a fair start in life, but personalized learning can be one scalable way to give all children a better education and more equal opportunity.

We’re starting to build this technology now, and the results are already promising. Not only do students perform better on tests, but they gain the skills and confidence to learn anything they want. And this journey is just beginning. The technology and teaching will rapidly improve every year you’re in school.

Your mother and I have both taught students and we’ve seen what it takes to make this work. It will take working with the strongest leaders in education to help schools around the world adopt personalized learning. It will take engaging with communities, which is why we’re starting in our San Francisco Bay Area community. It will take building new technology and trying new ideas. And it will take making mistakes and learning many lessons before achieving these goals.

But once we understand the world we can create for your generation, we have a responsibility as a society to focus our investments on the future to make this reality.

Together, we can do this. And when we do, personalized learning will not only help students in good schools, it will help provide more equal opportunity to anyone with an internet connection.

  • • •

Many of the greatest opportunities for your generation will come from giving everyone access to the internet.

People often think of the internet as just for entertainment or communication. But for the majority of people in the world, the internet can be a lifeline.

It provides education if you don’t live near a good school. It provides health information on how to avoid diseases or raise healthy children if you don’t live near a doctor. It provides financial services if you don’t live near a bank. It provides access to jobs and opportunities if you don’t live in a good economy.

The internet is so important that for every 10 people who gain internet access, about one person is lifted out of poverty and about one new job is created.

Yet still more than half of the world’s population — more than 4 billion people — don’t have access to the internet.

If our generation connects them, we can lift hundreds of millions of people out of poverty. We can also help hundreds of millions of children get an education and save millions of lives by helping people avoid disease.

This is another long term effort that can be advanced by technology and partnership. It will take inventing new technology to make the internet more affordable and bring access to unconnected areas. It will take partnering with governments, non-profits and companies. It will take engaging with communities to understand what they need. Good people will have different views on the best path forward, and we will try many efforts before we succeed.

But together we can succeed and create a more equal world.

  • • •

Technology can’t solve problems by itself. Building a better world starts with building strong and healthy communities.

Children have the best opportunities when they can learn. And they learn best when they’re healthy.

Health starts early — with loving family, good nutrition and a safe, stable environment.

Children who face traumatic experiences early in life often develop less healthy minds and bodies. Studies show physical changes in brain development leading to lower cognitive ability.

Your mother is a doctor and educator, and she has seen this firsthand.

If you have an unhealthy childhood, it’s difficult to reach your full potential.

If you have to wonder whether you’ll have food or rent, or worry about abuse or crime, then it’s difficult to reach your full potential.

If you fear you’ll go to prison rather than college because of the color of your skin, or that your family will be deported because of your legal status, or that you may be a victim of violence because of your religion, sexual orientation or gender identity, then it’s difficult to reach your full potential.

We need institutions that understand these issues are all connected. That’s the philosophy of the new type of school your mother is building.

By partnering with schools, health centers, parent groups and local governments, and by ensuring all children are well fed and cared for starting young, we can start to treat these inequities as connected. Only then can we collectively start to give everyone an equal opportunity.

It will take many years to fully develop this model. But it’s another example of how advancing human potential and promoting equality are tightly linked. If we want either, we must first build inclusive and healthy communities.

  • • •

For your generation to live in a better world, there is so much more our generation can do.

Today your mother and I are committing to spend our lives doing our small part to help solve these challenges. I will continue to serve as Facebook’s CEO for many, many years to come, but these issues are too important to wait until you or we are older to begin this work. By starting at a young age, we hope to see compounding benefits throughout our lives.

As you begin the next generation of the Chan Zuckerberg family, we also begin the Chan Zuckerberg Initiative to join people across the world to advance human potential and promote equality for all children in the next generation. Our initial areas of focus will be personalized learning, curing disease, connecting people and building strong communities.

We will give 99% of our Facebook shares — currently about $45 billion — during our lives to advance this mission. We know this is a small contribution compared to all the resources and talents of those already working on these issues. But we want to do what we can, working alongside many others.

We’ll share more details in the coming months once we settle into our new family rhythm and return from our maternity and paternity leaves. We understand you’ll have many questions about why and how we’re doing this.

As we become parents and enter this next chapter of our lives, we want to share our deep appreciation for everyone who makes this possible.

We can do this work only because we have a strong global community behind us. Building Facebook has created resources to improve the world for the next generation. Every member of the Facebook community is playing a part in this work.

We can make progress towards these opportunities only by standing on the shoulders of experts — our mentors, partners and many incredible people whose contributions built these fields.

And we can only focus on serving this community and this mission because we are surrounded by loving family, supportive friends and amazing colleagues. We hope you will have such deep and inspiring relationships in your life too.

Max, we love you and feel a great responsibility to leave the world a better place for you and all children. We wish you a life filled with the same love, hope and joy you give us. We can’t wait to see what you bring to this world.

Love,

Mom and Dad

VE commercial vehicle shows growth, increase by 26% this November.

The joint venture Auto company VE commercial vehicle shows positive signs with a growth of 26% this November. The company is a Joint venture between Sweden’s Volvo Group and Eicher Motors. The company sold 3,639 units as against 2,896 units in the same month last year. This is a good sign  in consumer auto space as the demand for the commercial products have increase due to government’s focus on Infrastructure in India. The company’s parent Eicher also showed growth in exports by selling 629 units as compared to 545 units last year. The company sold 3,534 units in November as compared to 2,778 trucks in the domestic market.

AXA to increase its stake in the Insurance business.

Bharti Enterprises and AXA life has confirmed that It would increase its stake from 26% to 49% in its life and general insurance business. The company has presently two joint ventures with Bharti , Bharti AXA Life Insurance and Bharti AXA General Insurance.  The increase in stake would further enhance Bharti’s market dominance in the Insurance business and would help them augment their portfolio in this field.

In a statement issued by Rahul Bhatnagar, Managing Director & CFO, Bharti Enterprises, he said “This is a significant milestone in the journey of the Bharti-AXA joint ventures, and underlines the partnership’s long-term commitment to the Indian market”.

According to Jean-Louis Laurent Josi, CEO of AXA Asia, “Our long-standing partnership with Bharti, a leading Indian conglomerate, positions us ideally to succeed in this highly promising market”.

The company has recorded a premium of 4.7 billion in fiscal year 2014-15 and has been growing aggressively with 28% growth rate.

Indigo to get new Airbus Neo.

Indigo today confirmed that it would receive its first Airbus Neo aircraft from Airbus by end of December and would increase its fleet strength to 143 within next 15 months. Indigo finalized the purchase of 250 Airbus Neo aircrafts for USD 26.5 billion in August this year. According to its president Aditya Ghosh “The Airbus A320 Neos will start coming in from December- end. In the next 14-15 months itself we will see a huge expansion. We are going to grow from about 98 to 134 airplanes.”

With the newly acquired fleet Indigo is also planning to start more international flights from Kolkata. According to Ghosh “Sometime in the summer, we are planning a direct flight to Dhaka and another to Singapore and Bangkok. When we bought the first 100 planes everybody asked where you are going to park the planes. Today we are not only parking planes but flying close to 100 aircraft. The market is growing at 21 per cent year on year for the past several quarters and there is not enough capacity coming in. So, there is a huge opportunity. I do not see infrastructure is an issue. We have a robust cadet pilot program. We generate 25 new junior first officers every month. We create 15 new captains every month. Some of our first junior officers have started becoming captains. We have just moved into a brand new learning facility.”

The airline got listed last month and it will be interesting to see how the company plans to scale up its infrastructure and operations.

Volkswagen AG to launch a India Specific Sedan soon .

German Auto giant Volkswagen is planning to roll out a India specific sedan soon from Its Pune plant .The company is also planning to invest Ra 720 crore in R& D in this sector. It also plans to add more product in its protfolio of cars in India . In a statement given by Andreas Lauermann Volkswagen India Pvt Ltd, President and Managing Director , ” We are following a long-term investment plan in India and with our latest investment we have reaffirmed our confidence in this growing automotive market. With the ramp-up of the new model, we will add more manpower and also create more jobs at our suppliers’ end”.

The investment will be made towards setting up equipments and ramping up the production of new compact sedan in the near future. This is the second step of investment after the engine assembly plant a year ago. Additionally, we will continue to invest further in increasing our productivity and efficiency,” Lauermann added. The new sedan is set to launch in Auto Expo in  February next year.  The company has so far invested more than 5500 crore in India at the Pune plant since the start of its operation in 2007.

Hyundai has sold 4 million vehicle since its inception.

Hyundai motor reported on sale of 4 million vehicles in India since its inception. The company which took Indian shores 19 years ago with the launch of Hyundai Santro has come up with various popular brands like I-20 , Grand i-10 . The company is one of the top exporter for the last 10 years . It has more than 433 dealers with 1,100 service stations. Hyundai has also developed a multi million global R&D centre in Hyderabad to meet the global edge in passenger vehicle market.

According to YK  KOO , Hyundai Motor India Director ” Hyundai has since inception focussed on make in India products, made for the world” . Hyundai motor India is a wholly owned subsidary of Hyundai Motor Company . It is the largest car exporter and second largest car manufacturer in India after Maruti Suzuki . It exports to 85 destination and puts India as one of the prime market in the country.

 

Snapdeal makes Aamir Khan the 19th most viewed Ad personality.

E-commerce giant Snap deal has helped Aamir Khan to grow his ad volume by 441% in last one year. His rank improved from mere 57th to 19th in terms of total amount of time he was seen in Television . The actor has endorsed 10 brands from January to October 2014 while this year he endorsed only 2 brands Incredible India and Snapdeal in the same period .

It was not easy for Snap deal to rope in Khan as they had to convince the actor with various factors and trust quotients before he signed with them. According to a senior snap deal executive “We wanted to change Snapdeal’s branding and Khan was the right candidate for the job. He decided to do it after a very long presentation.”  It is believed that the actor charged 15 crores for a four day shoot with the company. According to sources he is one of the highest paid endorser of the country .Salman Khan is the costliest as he charges Rs 6 crore a day for a brand campaign.

The current controversy made Snap deal’s story a bit difficult as he people took on google play store and social media to decrease the app Star rating and also uninstall the application. People started a campaign naming #appwapsi and uninstalled the application in the protest to what the star said about growing in tolerance in the country .Snap deal later issued a statement stating that they distance itself from the star and his opinion in this topic.

The controversy won’t affect the star much as he has said that he will stand by his words. According to brand expert Harish Bijoor “Contrary to public opinion, Aamir Khan’s brand value will not suffer because of this one incident. He did a good thing by standing by his statement. People expect their heroes to do the same. One more hit, and he will be up there. The share in ad volumes for Aamir Khan in 2015 between Incredible India and Snapdeal is around 55:45”.

Sport 365 aims highs , plans to be a 1000 Crore entity soon.

Sports Ecommerce company Sports 365 which is backed by Indian Tennis legend Mahesh Bhupathi plans to be a 1,000 crore entity  in next five years. The company is focusing on new in – house brands and new institutional clients. Company’s co – founder Aashutosh Chaidhari is quite happy with the growth the company has shows since incubation . According to him ” We would be adding new business on top of the existing ones as we are creating various small online portals. Apart from that we are also building our in-house brands in areas such as fitness. We are looking at shoes, apparels, accessories etc. We are tying up with at least 15 brands, which are not present in India but they are big.”

The company is backed by top sports icons like Yuvraj Singh , Deepika Palikal and Bollywood star Lara Dutta . Mahesh Bhupathi is one of the director of the company . Both Mahesh and  Lara are partnering with Indian and International sports brands and focussing on tapping the great Indian Ecommerce market .

The company plans to increase its turn over by 40-45 crore and is growing rapidly with 100 % growth rate. The company is  trying to capture market share by acquiring small partners and has recently acquired tennishub.in , an online tennis store. According to the CEO of the company Chandra Shekhar ” Last December, we raised USD one million and now we are in active conversations to raise between USD five to eight million in next eight to ten weeks. Presently, we have around 250 institutional customers at Bengaluru, Hyderabad and Chennai and we have plans to expand to six to seven cities going forward, as Delhi and Mumbai.”

The company is also providing sports infrastructure and sports consulting to various schools and colleges and local clubs across the country.