Monday, February 15, 2016

February 15, 2016 - Free Basics fails; Kirthiga Reddy steps down as Facebook India head

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
So what is the definition of a startup? As per Paul Graham of YCombinator, a startup is a company that is designed to grow really fast (5-7% a week is an internal YC benchmark). That's it. Nothing else matters. Growth could be revenue or it could be active users. Of course, trickery like bribing users with more money than their lifetime value doesn't count. The beautiful thing about being narrowly focused on growth is that other factors like capital, talent and eventually revenues and profits generally follow if you have growth. But growth is elusive and is never smooth, even in the case of seemingly seamless journeys like that of Facebook or early days Twitter. These companies had to employ growth teams whose job was to ensure that user growth continued from millions of users to tens of millions to hundreds of millions. With Twitter user growth stalling and LinkedIn showing a drop in user engagement, their stock prices have taken a beating recently, so the thinking extends to Wall Street too - Comment


Digital
Free Basics fails; Kirthiga Reddy steps down as Facebook India head

A day after closing down its controversy-ridden Free Basics programme here, Facebook India Managing Director Kirthiga Reddy today stepped down from her current role and will relocate to the US.

 


Complimentary Report : IBM Digital Experience - Exceptional digital experiences are redefining the ways we live and work
ibm
Users - both individual consumers and business users--simply assume that their online experiences will be rich, engaging, personal and available from wherever they choose.

Digital
Sri Adhikari Brothers set to launch digital play platform by April
‘Plans are afoot to create a niche in the film production and distribution biz’


Digital
Here are Binny Bansal's plans for Flipkart, and how he wants to take on ecommerce giants like Baidu, Alibaba
Here are Binny Bansal's  plans for Flipkart, and how he wants to take on ecommerce giants like Baidu, Alibaba
Binny Bansals answer is to double down focus in two areas: the main ecommerce business and logistics, a unit he knows only too well.


 

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Digital
Amazon sets up dedicated 'Make in India' online stores in India, US
Amazon sets up  dedicated 'Make in India' online stores in India, US - ETRetail.com
The store will offer products across various categories that are manufactured in India, including products from hundreds of Indian and International b..


Digital
Ratan Tata invests in retail tech startup SnapBizz
Ratan Tata invests in retail  tech startup SnapBizz - Times of India
Ratan Tata invests in SnapBizz, 7th investment in a startup in 2016 so far - "In January 2016, SnapBizz had announced a Series A funding of $7.2 million led by Jungle Ventures, Taurus Value creation, Konly Venture and Blume Ventures."


Digital
Former Zoomcar COO Bharath PN joins JustRide as executive director
Former Zoomcar  COO Bharath PN joins JustRide as executive director - operations
His focus will be upon improving the customer experience, ensuring quality products, as well as determining a strong customer acquisition strategy.


Retail
Snapdeal Raises $200 Mn From Alibaba, Brother Fortune Apparel & Others
Inc42 Magazine
Delhi-based ecommerce marketplace, Snapdeal has raised about $200 Mn in a funding round led by Canada-based pension fund - Ontario Teachers' Pension Plan, Venture capital fund - Iron Pillar and Singapore-based investment entity - Brother Fortune Apparel. The deal is a mix of primary and secondary components.

Retail
Future Retail Q3 profit trebles to Rs 15 crore
Future Retail Q3 profit trebles  to Rs 15 crore - Economic Times
Future Retail's net sales stood at Rs 3,266.32 crore in the quarter under review, up 24.85 per cent, as against net sales of Rs 2,276.3 crore in the year-ago period.

Retail
Designers committed to revive weaves of Banaras
Veteran designers are all set to showcase new-age Banarasi weaves at the Fashion Design Council of India (FDCI)'s 'Weaves of Banaras' as part of the M..

Retail
Amazon sets up dedicated Make in India stores on its India, US websites
Amazon.com website will showcase products across tapestry, toys, handicrafts and Aurveda products sold by more than 6000 Indian sellers


Telecom
Internet freedom: What would have happened if India chose FB Free Basics
Internet  freedom: What would have happened if India chose FB Free Basics - Deccan Chronicle
TRAI barred operators from charging different rates for Internet access, defeating Facebook's Free Basics and other such plans.


Telecom
Riding the 4G wave: Qualcomm India to supply carrier aggregation support technology
Riding the 4G  wave: Qualcomm India to supply carrier aggregation support technology - Economic Times
The company has carrier aggregation support technology that it is looking to supply to mobile makers like Micromax and Samsung, Sunil Lalvani said.


Telecom
Facebook India's Managing Director Steps Down After Free Basics Rejection
Facebook  India's Managing Director Steps Down After Free Basics Rejection - Tech Times
A offensive remark about colonialism by a Facebook board member hit a nerve with those who feel the tech industry is dominated by an out of touch elite


Telecom
Vodafone 4G Launched in Bengaluru; CEO says Reliance Jio Will Shake-Up the Telecom Industry
Vodafone 4G Launched in  Bengaluru; CEO says Reliance Jio Will Shake-Up the Telecom Industry - Trak.in (blog)
Vodafone is finally done with its first phase of 4G operations in India by covering five major areas, Kerala, Karnataka, Kolkata, Delhi-NCR and Mumbai. Having launched the services this week in Mumbai, Vodafone 4G is now live in Bengaluru.



Finance
Bank of Baroda bites the bullet
Bank of Baroda bites the bullet  - Livemint
The bank has made all the provisions for bad loans dictated by the RBI asset quality review at one shot


Finance
Listed banks’ NPAs surge by Rs1 trillion in December quarter
Listed  banks’ NPAs surge by Rs1 trillion in December quarter - Livemint
29% rise in NPAs over the September quarter as banks responded to RBI’s call for a clean-up by March 2017


Finance
Relocate your manufacturing base to India: Amitabh Kant tells Japan
Relocate your  manufacturing base to India: Amitabh Kant tells Japan - Economic Times
Japanese companies should relocate their manufacturing base to India as this is the "only way" to strengthen bilateral partnership between the two countries, DIPP Secretary Amitabh Kant said.


Finance
How policies can shape Make In India
How policies can shape Make In  India - Livemint
The NDA has identified labour reforms as one of the key measures to improve the ease of doing business in India




Software
Infosys plans to roll out new stock incentive plan for select executives in a bid to attract and retain talent
Infosys plans to roll out new  stock incentive plan for select executives in a bid to attract and retain talent - Economic Times
Infosys, one of the first Indian companies to offer stocks to its employees in the 1990s, has initiated moves to roll out a new stock incentive plan.


Software
Facebook India’s first employee, Managing Director Kirthiga Reddy steps down
Facebook  India’s first employee, Managing Director Kirthiga Reddy steps down
Facebook India's Managing Director, Kirthiga Reddy, on Friday announced that she is quiting from her current position to relocate to Facebook's headquarters at Menlo Park, California.


Software
Oracle unveils 3 big ticket investment plans : Will invest $400 million in India
Oracle unveils  3 big ticket investment plans : Will invest $400 million in India - Times of India
NEW DELHI: In a fillip to Prime Minister Narendra Modi's "Digital India" initiative, global software and cloud major Oracle on Friday unveiled three big ticket ...


Software
Ratan Tata invests in retail tech startup SnapBizz Cloudtech
Ratan Tata invests in retail  tech startup SnapBizz Cloudtech - Times of India
This is Tata's eighth investment in startups in 2016 so far. Tata, former Tata Group chairman, has invested over 20 startups so far.



Ecommerce
Ontario Teachers Pension Plan and Singapore-based investment entity Brother Fortune Apparel leads a $200 million funding round in Jasper Infotech
Ontario Teachers Pension Plan  and Singapore-based investment entity Brother Fortune Apparel leads a $200 million funding round in Jasper Infotech - Economic Times
Ontario Teachers Pension Plan have led a Rs 1,367.6 crore funding round in Jasper Infotech, which owns and operates Indias largest online marketplace Snapdeal.com.

Ecommerce
Russian billionaire Fridmans LetterOne invests $200 million in Uber at a valuation of more than $60 billion
LetterOne, which holds stakes in two European telcos, received about $14 bn from selling the oil company TNK-BP to the Russian government in 2013

Ecommerce
Bengaluru-based retail technology startup SnapBizz raises an undisclosed round of funding from veteran industrialist Ratan Tata
Bengaluru-based retail  technology startup SnapBizz raises an undisclosed round of funding from veteran industrialist Ratan Tata - Forbes India
This is Tata's eighth investment in startups in 2016 so far. Tata, former Tata Group chairman, has invested over 20 startups so far.

Ecommerce
Amazon acquires Italy-based software firm NICE; expects the deal to close in the first quarter of 2016
The company said it has signed an agreement with NICE, which is also a cloud computing firm, and expects the deal to close in the first quarter of 201..



HR
Invest in India or you may 'miss the bus': Cisco CEO John Chambers
Invest in India  or you may 'miss the bus': Cisco CEO John Chambers - Daily News Analysis
Invest in India or you may 'miss the bus': Cisco CEO John Chambers - "Anticipating the market and adapting to change in market dynamics, India is moving at a fast pace in the digital era."


HR
Facebook India's 1st employee signs off; monetisation remains a challenge
Facebook  India's 1st employee signs off; monetisation remains a challenge - Business Standard
Kirthiga Reddy joined as FB India's first employee in July 2010


HR
Where dreams blossom: Woman helps disabled get jobs
Where dreams blossom: Woman  helps disabled get jobs - Times of India
Viresh Maranavasa, 23, couldn’t finish college having failed in two subjects. Basuraj, 30, pursued a course to hone his computer skills but failed to land a job. Disheartened and directionless, the duo, both differently abled, was looking for a purpose in life. Thanks to NS Hema, 76, they have found one.


HR
India needs localised innovation: Snapdeal CEO
India needs localised  innovation: Snapdeal CEO - The Hindu
Indian entrepreneurs are solving problems for India and are not competing with businesses from China and elsewhere, Kunal Bahl, co-founder and CEO, Snapdeal said at a Make in India Week session on dis



Logistics
Railways announces indirect hike in fares from March 1
Railways announces indirect  hike in fares from March 1 - Hindustan Times
An indirect hike in train fares with effect from March 1 through the introduction of a “dynamic pricing” structure for the majority of special trains was announced by the Indian Railways.


Logistics
Indian Navy ship sailing with all-women crew enters Chennai port
Indian Navy ship sailing with  all-women crew enters Chennai port - The Indian Express
The vessel which had left Visakhapatnam on February 9, is scheduled to make stops at Chennai and Kochi ports enroute before reaching her home port at Goa.


Logistics
Air India Express to Start Flights to Ras al-Khaimah International Airport
Air India  Express to Start Flights to Ras al-Khaimah International Airport - The New Indian Express
RAS AL-KHAIMAH: Ras al-Khaimah International Airport has announced that Air India Express, India’s leading low cost carrier, will start flights to the northern ...


Logistics
Indian Railways in talks with Maharashtra for proposed bullet train terminal at Bandra Kurla Complex
The Indian Railways today said it was in talks with Maharashtra government over land allocation for the proposed Mumbai-Ahmedabad bullet train terminal at Bandra Kurla Complex.



Construction
Puppalaguda of Hyderabad on a realty 'high'
Puppalaguda of Hyderabad on a  realty 'high' - ET Realty
This belt - in close proximity to the snazzy Outer Ring Road - is seen generously peppered with soon-to-be-completed housing projects, all in the semi..


Construction
Hyderabad HC rejects firm's plea in Metro land acquisition
Hyderabad HC rejects firm's  plea in Metro land acquisition - ET Realty
The judge pronounced his order after hearing the petition filed by Transstroy , which challenged the Telangana government's land acquisition notificat..


Construction
UP government takes the road to urban, rural popularity with 350km longest expressway
UP government takes the road to  urban, rural popularity with 350km longest expressway - ET Realty
Spanning well over 350km, the expressway, India's longest, is projected to provide much needed connectivity to east UP



Marketing
Inside the world's 8 best advertising campaigns of 2015 : Report

DoveDove's 'Like A Girl' campaign made it onto the list.Advertising is everywhere. Most of us do our best to ignore, or even block it. However, there are always

 


Marketing
Make in India is the biggest brand India has ever created : says PM Modi
Make in India  is the biggest brand India has ever created : says PM Modi - Daily News Analysis
Make in India is the biggest brand India has ever created, says PM Modi - Our systems have become cleaner, simpler, pro-active and business-friendly: PM Modi


Marketing
Campaign Logic, Building on a promise : Report
Campaign Logic, Building on a  promise : Report  - Business Standard
A PNB Housing Finance campaign captures vignettes of birds and animals building their homes to suggest nature doesn't offer the option of rented accommodation


Marketing
Mumbai Police's Twitter handle gets a cool Bollywood twist : Report

The Mumbai Police have been in the news for all the right reasons. The commissioner of police and the department’s social media account (@MumbaiPolice and @CPMumbaiPolice) have set a precedent on how we need to do away with the otherwise drab and condescending public service ads.

 



Politics
Watch JNUSU President's Fiery Speech Before Arrest: We Believe In India's Constitution
Watch JNUSU President's Fiery Speech Before Arrest: We  Believe In India's Constitution
"Woh Savarkar ke chele hain (They are Veer Sawarkar's disciples)," JNUSU president Kanhaiya Kumar's words are met with loud cheers. The applause reaches a deafening crescendo with his next s


Politics
Putting Left parties on the defensive by calling them anti-national in JNU has had an unintended fallout: Opposition unity
Putting Left parties on the defensive by calling  them anti-national in JNU has had an unintended fallout: Opposition unity
In the din of accusations and nationalistic homilies, the political currents that have swirled at JNU last week have gone largely unnoticed.


Politics
#SeditionDebate: With crackdown on JNU students, govt has strengthened idea of Afzal Guru
#SeditionDebate: With crackdown on JNU students,  govt has strengthened idea of Afzal Guru
Let there be no doubt in anybody's mind about this: Afzal Guru is a hero to many Kashmiris, an inspiration for thousands of its youth.



Sports
Ind vs SL, as it happened: India beat Sri Lanka by nine wickets, seal series 2-1 in Vizag
Ind vs SL, as it happened: India beat Sri Lanka by nine  wickets, seal series 2-1 in Vizag
India beat Sri Lanka by nine wickets, seal series 2-1 in Vizag on Sunday.


Sports
U-19 World Cup final: West Indies set Twitter on fire after title win
U-19 World Cup final: West Indies set Twitter on fire after title win
West Indies U-19 beat India U-19 for their first World Cup title. Here's a look at the top Twitter reactions.


Sports
Sania Mirza-Martina Hingis register 40th win on the trot, lift St. Petersburg Ladies Trophy
Sania Mirza-Martina Hingis register 40th win on the trot, lift St.  Petersburg Ladies Trophy
Sania Mirza and her Swiss partner Martina Hingis extended their winning streak to 40.


Sports


Entertainment
Aamir Khan, Kangana Ranaut meet Narendra Modi over dinner
Aamir Khan, Kangana Ranaut meet Narendra Modi over dinner
Aamir Khan and Kangana Ranaut attended a dinner hosted by Prime Minister Narendra Modi here last night.


Entertainment
Sixth ‘Transformers’ movie to be a Bumblebee spin-Off
Sixth ‘Transformers’ movie to be a Bumblebee  spin-Off
The sixth instalment in the hit "Transformers" franchise will be a movie about one of its popular characters, Bumblebee.


Entertainment
Fitoor box office collections: Katrina, Aditya’s film earns Rs. 3.61 cr on day one
Fitoor box office collections: Katrina,  Aditya’s film earns Rs. 3.61 cr on day one
Katrina Kaif and Aditya Roy Kapoor starrer Fitoor has managed to collect a mere Rs. 3.61 crore on the first day of its release.


Entertainment
Sanam Re box office collections: Pulkit, Yami’s film beats Katrina’s Fitoor, earns Rs. 5.04 cr
Sanam Re box office collections: Pulkit,  Yami’s film beats Katrina’s Fitoor, earns Rs. 5.04 cr
Yami Gautam, Pulkit Samrat starrer Sanam Re has a super weekend, earns Rs. 17.05 cr.






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