Top 10 business happenings today: Amazon.in launch, CashKaro sale, Flatchat foray, Dabur targets B-Schools, Reliance Communications on Twitter, more

Amazon.in launches morning delivery service

Ecommerce major Amazon.in announced the launch of its Morning Delivery service across four cities using which customers can place orders as late as midnight and get the items delivered at their doorstep before noon. The service, launched in Mumbai, Delhi-NCR, Bengaluru and Hyderabad, will be available for customers for Rs 120 per order. "We receive high traffic during afternoon or in the evening post office hours. Earlier, these customers had to wait till next evening to receive their orders with One-Day delivery. With Amazon.inu2019s Morning Delivery service, our customers are now assured of delivery between 8am to 11am the next morning across lakhs of products," Amazon India Head Customer Experience Akshay Sahi said.

CashKaro eyes Rs 500 cr GMV in 'Great Online Cashback Festival

Bengaluru, Oct 13 (PTI) Cashback and coupons site, CashKaro.com today said it expects to see a gross merchandise value (GMV) of Rs 500 crore on its platform in the festive season as part of its 'Great Online Cashback Festival (GOCF)'. The 4-day shopping festival (October 13-16) will see the company offering cashbacks, exclusive deals/offers from over 800 retailers including e-commerce sites like Amazon.in, Paytm, Snapdeal, Shopclues, Groupon and Firstcry. "The objective of the fest is to offer highest cashback across over 800 partner retailers during this festive season and sale periods. We are expecting to drive Rs 500 crore of GMV this festive season (Oct-Dec) through CashKaro and our UK Cashback site Pouring Pounds, with Rs 300 crore through CashKaro.com itself," Cashkaro.com co-founder Swati Bhargava said.

Flatchat forays into Singapore

Flatchat, the home rentals and roommate-finder app, today said it is entering into the Singapore market. Backed by realty portal CommonFloor.com, Flatchat is a mobile-based platform that helps students and bachelors find accommodation and flat-mates. "The app has been completely re-designed for the Singapore market, and is expected to be publicly available to users by November 2015," CommonFloor.com said in a statement.

I think it is going to take longer for the trade to re-balance," Dabur India CEO Sunil Duggal told analysts.

Accel Partners invests in Mubble

Mobile technology startup Mubble has raised Series-A investment from Accel Partners. The funding, for an undisclosed amount, will be used to scale up the business, it said in a statement. Mubble is a smartphone app that helps users track and control their telecom spends by giving them one-click access to information about usage patterns across SIMs. Last month, Infosys co-founder Nandan Nilekani had invested in the Bengaluru-based company.

ICICI Bank launches outward remittance product

Country's largest private sector lender ICICI Bank today launched an outward remittance product wherein customers holding an account in any bank in the country can transfer money to other countries. Using the service, users can transfer money online from any bank account in India to any bank account overseas in 16 major currencies, it said in a statement. The bank said it is a first for any bank in the country, wherein any bank account holder can transfer money round the clock all days. Users will have to do an online registration on www.money2world.com by uploading KYC documents, it said.

Reliance Communications launches customer care services on Twitter

Anil Ambani-led Reliance Communications today launched customer care services like recharge, balance enquiry, activate or deactivate service, on social media platform Twitter. "This is first such initiative by a telecom player, utilising the Twitter platform, including real-time back-end analytics tracking to enable customers to make informed choices and customise their accounts as per their preferences and usage requirements," Reliance Communications CEO Consumer Business Gurdeep Singh said in a statement.

Commenting on the development, Myntra CEO Ananth Narayanan said, “Despite the many clear positives, we’ve decided to revisit our decision.

Future Retail allots Rs 100 cr NCDs

Future Retail Ltd today alloted non-convertible debentures totaling Rs 100 crore on private placement basis. The Committee of Directors of the company today approved allotment of 1,000 NCDs of Rs 10 lakh each, FRL informed the BSE in a notice. "The Committee of Directors of the company has at their meeting held on October 13, 2015, considered approved and allotted of 1,000, 10.25 per cent secured redeemable NCDs of Rs 10 lakh each, aggregating to Rs 100 crore, on private placement basis," it said. FRL further said: "The said NCDs shall be listed on Wholesale Debt Market Segment of BSE Limited".