Friday, January 29, 2016

January 29, 2016 - No merger of Myntra Logistics with Flipkart's logistics arm Ekart: Myntra CEO

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Of the FANG stocks (Facebook, Amazon, Netflix, Google - yes, that's a grouping now!), Amazon seems to be in the best position. Not only is it directly controlling commerce online, but also riding the AWS wave which Chamath Palihapitiya refers to as the Amazon tax (as in how ubiquitous it will become). Facebook user growth is slowing down. Google's various experiments are still some time away from becoming a reality. Apple (which is not a FANG stock) seems to be in most doubtful territory with respect to future growth. Sales growth of the iPhone is beginning to plateau. Apple's wearables unit (and car unit) are far from becoming revenue drivers. Having said all this, these are all solid companies with solid revenue streams, but investors always want more. Where would you put your money? - Comment


Digital
No merger of Myntra Logistics with Flipkart's logistics arm Ekart: Myntra CEO
Fashion e-tailer Myntra today said there will be no merger of its in-house logistics b


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Digital
Fitness startup Qriyo raises $160,000 from UAE-based Idein Ventures
Idein Ventures recently put money in virtual reality startup Infurnia.


Digital
Bike taxi app N.O.W raises funding from Maple Capital
Bike taxi app N.O.W has raised an undisclosed amount in seed funding from boutique investment banking firm Maple Capital Advisors’ recently launched startup accelerator platform.


Digital

Digital
Foxconn invests in home automation startup WiZN Systems
Fireside Ventures' Kanwaljit Singh participated in the round.


Retail
Myntra, Jabong to reduce discounts in a bid to check mounting losses and to steer towards profitability
Myntra, Jabong to reduce  discounts in a bid to check mounting losses and to steer towards profitability - Economic Times
Ananth Narayanan, the CEO of Myntra, said that the company has already reduced its discount offerings by 6% in the quarter ended December.

Retail
Olabi, the retail me-commerce product that is enabling offline retail survive in an e-commerce era
Olabi, the retail me-commerce  product that is enabling offline retail survive in an e-commerce era - YourStory.com
Olabi, by retail veterans Sunil Kunders & Chetan Panchal is a product enabling offline retail to give a true personalized experience to consumers

Retail
Piqued by best quarter sales, Xiaomi mulls single brand retail license
Piqued by best  quarter sales, Xiaomi mulls single brand retail license - Economic Times
Xiaomi is keen on applying for a single-brand retail licence in India and will take a final call in a couple of weeks after more internal consultations.

Retail
In U-turn, Centre may allow FDI in multi-brand retail
In U-turn, Centre may allow FDI  in multi-brand retail - Hindu Business Line
DIPP looks at opening sector with riders; trying to get States in


Telecom
India's Power Grid Q3 telecom sales boosted by 4G network expansion | Reuters
MUMBAI An aggressive rollout of high-speed 4G network by Indian mobile phone operators to tap the growing demand for Internet services bolstered Power Grid Corporation of India Ltd's sales in the December quarter, a company executive said on Thursday. - Firstpost

 


Telecom
WhatsApp Facing Possible Regulations in One of its Strongholds
WhatsApp Facing Possible  Regulations in One of its Strongholds - Neurogadget
WhatsApp, Viber, Skype and many other over-the-top Internet services have taken over the world of communication with their free offerings, allowing users to enjoy free messaging and calling. While these apps are marketed as free messaging and calling services, they are not entirely free. You need to have an internet plan to access their services.


Telecom
Call drops: Who is telling the truth
Call drops: Who is telling the  truth - Times of India
The govt has been locked in a bitter tussle with telcos over what has become a terrible everyday nuisance — mobile phone calls that suddenly disconnect.


Telecom
Regulator urges $88bn 4G auction
Regulator urges $88bn 4G auction  - Nikkei Asian Review
The move is likely to put additional burden on telecom firms already stretched after spending on 4G and the 2015 spectrum auction



Finance
Will investors punish Maruti for its huge profit shortfall?
Will investors punish Maruti for  its huge profit shortfall? - Livemint
Given the huge variance between estimates and actual performance, the stock, which has been a favourite among, may be wobbly in the near term


Finance
How finding right talent at the right time is a challenge for India’s largest technology startups
How finding right talent at the  right time is a challenge for India’s largest technology startups - Economic Times
Hiring and retaining the right talent for a rapidly scaling organisation is a pressing challenge for the likes of Flipkart, Paytm and InMobi.


Finance
The return of micro venture capital?
The return of micro venture  capital? - Livemint
Given their experience and proximity to both entrepreneurs and venture capitalists, micro venture capital funds may finally be here to stay


Finance
Bad loans hit ICICI Bank net profit growth
Bad loans hit ICICI Bank net  profit growth - Livemint
A sharp rise in bad loans forced the private lender to set aside more money to cover the risk of default




Software
Why is Myntra experimenting with tech-led pricing?
Why is Myntra experimenting with  tech-led pricing? - Forbes India
Startup plans to add more fashionable brands on its app as it eyes profitability


Software
Infosys investing in automation, IoT and AI : Puts in $4 million in US-based Waterline Data Science
Infosys investing in automation,  IoT and AI : Puts in $4 million in US-based Waterline Data Science - Economic Times
The company has stated that it will invest in companies that develop innovative technologies on automation, Internet of Things (IoT), and artificial intelligence (AI).


Software
British Telecom group firm TalkTalk faces cyber attack : In talks with Wipro over security breach
British Telecom group firm  TalkTalk faces cyber attack : In talks with Wipro over security breach
Wipro said that the company is "working closely" with TalkTalk on this issue and will continue to extend full support to investigating authorities.


Software
FirstSource acquires US-based ISGN’s mortgage BPO business : Plans to expand into higher-margin services
FirstSource acquires US-based  ISGN’s mortgage BPO business : Plans to expand into higher-margin services - Economic Times
The company said that over 700 employees from ISGNs BPO division in the US and India will join FirstSource through this acquisition. The terms of the deal were not disclosed.



Ecommerce
Flipkart's Valley hire Soni to quit?
Flipkart continues to grapple with top-level management churn at a time when it is fiercely fighting rivals Amazon and Snapdeal in a three-legged battle for supremacy of the Indian online retail market.

Ecommerce
Alibaba hoping its better-than-expected third-quarter results help reassure investors worried about the state of the Chinese economy
Alibaba is benefiting from a shift to mobile spending and a growth in users. Mobile spending accounted for 65% of total China retail revenue, up from 30% last year.

Ecommerce
Facebook revenue jumps 52 percent in Q4, Hits 1.59 Billion Monthly Users; Net income more than doubled to $1.56 billion
Facebook Inc smashed investors' expectations with a 52% jump in quarterly revenue as it sold more ads targeted at a fast-growing number of mobile users, sending its shares sharply higher after hours.

Ecommerce
Myntra generates biggest monthly sales in January; Volumes in the month boosted by the firms private brands
Volumes in the month were boosted by the firm’s private brands, increased contribution of international brands



HR
Microsoft India doubles maternity leave to 6 months
Microsoft India enhances maternity leave policy to six months - Kolkata/New Delhi, Jan 28 : Microsoft India on Thursday announced enhancements to its maternity leave policy.
..


HR
IITs want more foreign students to crack their entrance
IITs want more foreign students  to crack their entrance - Daily News Analysis
IITs want more foreign students to crack their entrance - Focus on SAARC countries * 10% quota for foreign nationals largely vacant now


HR
Increasing competitiveness, fostering human resources
Increasing competitiveness,  fostering human resources - The Japan Times
Since its foundation in 1967, the Association of Southeast Asian Nations (ASEAN) has made extraordinary progress. It has been transformed into an increasin


HR
Leadership: Not delegating enough can scuttle Make in India
Leadership: Not delegating  enough can scuttle Make in India - Economic Times
Taking decisions comes with its own set of risks and in the absence of such decisions, innovation - that comes from taking such risks - also don't happen.



Logistics
Narendra Modi will finally pass GST without Congress, says Nitin Gadkari
Narendra Modi  will finally pass GST without Congress, says Nitin Gadkari - Livemint
Modi has enough backing from smaller parties to pass GST in next Parliament session without support from Congress, says Nitin Gadkari in an interview


Logistics
Air India, union reach resolution on pilot salary structure, new plan will include a 'wide body allowance' and a 'lay over allowance'
Emoluments have been reduced as the management found there has been a reduction in the allowances of employees at other airlines.


Logistics
Pointing fingers at the 5/20 rule: Draft aviation rules for domestic airlines to fly outside is an “Artificial Barrier”: AirAsia India
Pointing fingers at the 5/20  rule: Draft aviation rules for domestic airlines to fly outside is an “Artificial Barrier”: AirAsia India - Financial Express
Rules that mandate domestic carriers to gain some experience before they could be given approvals to fly to foreign countries is an “artificial barrier” to aviation companies, according to AirAsia India chairman S. Ramadorai.


Logistics
Modi's Roads Tsar, Gadkari seeks to build 100 km of road daily as against 18km today, would like to record $10 billion for India Growth Push
Modi's Roads Tsar, Gadkari  seeks to build 100 km of road daily as against 18km today, would like to record $10 billion for India Growth Push - NDTV
In addition to a more than 50% rise in budgetary allocations in the year starting April, Nitin Gadkari said his ministry is also looking to borrow overseas



Construction
First list of 20 cities selected for Smart Cities is out
First list of 20 cities selected  for Smart Cities is out - Livemint
The cities chosen for the launch of the smart cities programme account for 35.4 million people; Mint looks at each city’s proposals


Construction
Deadline for stalled road projects given by Nitin Gadkari
Deadline for stalled road  projects given by Nitin Gadkari - Livemint
If stalemate continues beyond 31 January, government will step in to look for out of the box solutions, says highways minister


Construction
Road projects covering 10,000 km to be awarded this fiscal: FM
Road projects covering 10,000 km  to be awarded this fiscal: FM - ET Realty
The government has already awarded 6,800 kilometres of highway projects and by March this figure will go up to 10,000 kilometres


Construction
2015 will be remembered for Higher unsold inventory and fewer residential projects
2015 will be  remembered for Higher unsold inventory and fewer residential projects - Financial Express
Real estate: NCR is the worst affected residential market; Office market across the country records highest occupancy at 84.2%.



Marketing
Mumbai police changing minds with a dope new Twitter campaign : Report
Mumbai police  changing minds with a dope new Twitter campaign : Report - Toronto Star
"If you roll, we will weed you out," read the @CPMumbaiPolice tweet, which was quickly re-tweeted more than 1,000 times and won praise from Indian Twitter users.


Marketing
Five lessons Tim Cook can learn from successful multinationals in India : Report
Five lessons Tim  Cook can learn from successful multinationals in India : Report - Livemint
Apple’s India thrust might already be too late, given how crowded the market currently is


Marketing
Mobile ads to account for 15-20% of media spending by 2020 : Study
Mobile ads to account for 15-20%  of media spending by 2020 : Study - Times of India
Mobile advertising spends are expected to account for 15-20% of the overall media expenditure by 2020, fuelled by growth in mobile commerce.


Marketing
Facebook Still Dominates Social Logins, IKEA Come Home To Play
Facebook Still Dominates Social  Logins, IKEA Come Home To Play - Lighthouse insights
Coca-Cola’s GIF maker is getting trolled on Tumblr: It didn’t take long for the Internet to reinterpret Coca-Cola’s new advertising campaign. Last week, the brand ditched “Open Happiness,” it…



Politics
Never wanted to be prime minister in 1984: Pranab Mukherjee
Never wanted to be prime minister in 1984: Pranab Mukherjee
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Politics
Inability to prevent Babri demolition was Narasimha Rao’s biggest failure: Pranab Mukherjee
Inability to prevent Babri demolition was Narasimha  Rao’s biggest failure: Pranab Mukherjee
President Pranab Mukherjee has said that it was the inability of PV Narasimha Rao to prevent demolition of the Babri Masjid which was his biggest failure.


Politics
Pranab Mukherjee returns Gujarat’s controversial anti-terror bill and asks State to clarify
Pranab Mukherjee returns Gujarat’s controversial  anti-terror bill and asks State to clarify
A controversial anti-terror bill, passed by Gujarat assembly but twice rejected by the previous UPA government, was returned by President Pranab Mukherjee seeking additional information from the government after which the legislation was withdrawn.


Politics
Arunachal Pradesh Governor Cited Cow Slaughter And Terror To Recommend President's Rule
Arunachal Pradesh Governor Cited Cow Slaughter And  Terror To Recommend President's Rule
NEW DELHI -- Governor Jyoti Prasad Rajkhowa cited cow slaughter and terror as reasons for recommending the imposition of President's Rule in Arunachal Pradesh. On Wedensday, the Supreme Court gave



Sports
Ind vs Aus, T20I: Hardik Pandya reprimanded for aggressively celebrating Chris Lynn’s wicket
Ind vs Aus, T20I: Hardik Pandya reprimanded for aggressively  celebrating Chris Lynn’s wicket
Hardik Pandya, on debut against Australia in first T20I, celebrated excessively in close proximity to Chris Lynn.


Sports
Virat Kohli fan in Pakistan faces 10-year jail term for hoisting India flag
Virat Kohli fan in Pakistan faces 10-year jail term for  hoisting India flag
Umar Draz was arrested on January 26 when India beat Australia in a T20 match in which Virat Kohli scored 90 runs.


Sports
Australian Open: Novak Djokovic dominates Roger Federer, reaches final
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Novak Djokovic puts up a flawless show in first two sets; later fends off Roger Federer fightback to reach Australian Open final.


Sports
U-19 World Cup: Sarfaraz Khan’s big bite after teething problem
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Entertainment
Hansal Mehta angry after Censor Board gives Adult certificate to Aligarh’s trailer
Hansal Mehta angry after Censor Board gives Adult certificate  to Aligarh’s trailer
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Entertainment
Superstar Rajinikanth’s special appearance in Madhavan’s Saala Khadoos
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Entertainment
We have become careful about what we say: Rajkumar Hirani
We have become careful about what we say: Rajkumar Hirani
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Entertainment



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