Monday, February 8, 2016

February 8, 2016 - Zomato breaks even in India, 5 other countries

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Blog
Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
When Goldman Sachs says it may be forced to examine if capitalism is working, it's time to pay attention. The issue at hand is the relatively high profit margins of the top companies (S&P 500) over the past 25 years. In theory, competition should attract more players and push margins down. However, big companies keep getting bigger through M&A, effectively reducing competition. Another reason is technology, which explains the success of a Google or an Apple. It's difficult to point a finger at these companies, as they keep innovating and investing their profits in technologies that will benefit humankind in the future. However, can the same be said in other industries? - Comment


Digital
Zomato breaks even in India, 5 other countries
China's Baidu could be a lead investor in company's fresh funding round; Zomato aims for operational profit this year

 


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Digital
FDA protests online sale of drugs, urges citizens to not buy medicines online
FDA protests  online sale of drugs, urges citizens to not buy medicines online - Daily News Analysis
The Maharashtra Food and Drug Administration (FDA) on Saturday issued an appeal to people to avoid buying medicines from online sites as “there is no guarantee about their quality”.


Digital
Rocket Internet to shut down carpooling app Tripda
German startup factory Rocket Internet is set to shut down its carpooling app Tripda, Tech in Asia has learned from a source.

 


Digital
Kstart: Kalaari Capital's accelerator program aims to empower tech startups
Kstart: Kalaari  Capital's accelerator program aims to empower tech startups
Indian Venture Capital firm, Kalaari Capital, has launched its accelerator program to empower early stage startups. Previously, the VC firm …


Digital
Ratan Tata invests in B2B sourcing platform Moglix
Ratan Tata invests in B2B  sourcing platform Moglix
“Mr Tata is an inspiration and we are extremely pleased to have an icon of Indian manufacturing as our advisor,” said Rahul Garg, founder and CEO of Moglix.


Retail
Snapdeal may pick up 10% in on-demand home services platform Zimmber for Rs 50 crore
Snapdeal may  pick up 10% in on-demand home services platform Zimmber for Rs 50 crore - Economic Times
It also comes less than two months after rival ecommerce firm Amazon led a Rs 150-crore funding round in home services startup Housejoy.

Retail
E-commerce to generate around 2.5 lakh jobs in 2016 in the online retail industry says Assocham
E-commerce to generate around  2.5 lakh jobs in 2016 in the online retail industry says Assocham - Firstpost
E-commerce is likely to generate during 2016 nearly 2.5 lakh jobs in India's online retail, including temporary employees, supply chain, logistics and ancillary units, an apex trade association has said.

Retail
Digital-first brands to see strong growth in retail: Study
Digital-first brands to see  strong growth in retail: Study - Economic Times
"We expect digital-first brands to make significant advances in the unorganised retail segment such as furniture, budget fashion and groceries."

Retail
First-mover advantage: Pepperfry reaping rewards of being the first online furniture retailer
First-mover advantage: Pepperfry  reaping rewards of being the first online furniture retailer - Economic Times
The furniture business is largely unorganized, and logistics make it a complicated and expensive proposition, but it's exactly these challenges that have worked to the advantage of the first movers.


Telecom
Will Reliance Jio 4G Lead To Negative Revenue Growth For Vodafone India?
Will Reliance  Jio 4G Lead To Negative Revenue Growth For Vodafone India? - TeleAnalysis
Vodafone India service revenue growth has been declining for the last six quarters and it is expected it will further decline thanks to Reliance Jio


Telecom
Free Basics a tariff issue, will take call considering India's best interests, says Prasad
Free Basics a tariff issue, will  take call considering India's best interests, says Prasad - ETTelecom.com
Trai has disputed Facebook's claim that over 11 million people used its platform to respond to the consultation paper, and argued that most of the res..


Telecom
India to be among nations in upcoming 'technology driven' revolution: Arun Jaitley
India to be among nations in  upcoming 'technology driven' revolution: Arun Jaitley - Daily News Analysis
India to be among nations in upcoming 'technology driven' revolution: Arun Jaitley - Finance Minister Arun Jaitley on Saturday said that India has great strengths to be amongst leading nations in a technology driven forth industrial revolution that is expected to come about.


Telecom
Private players may reap Rs 1.5 lakh crore revenue bonanza from BharatNet by 2020
Private players  may reap Rs 1.5 lakh crore revenue bonanza from BharatNet by 2020 - Economic Times
Private sector players could be in for a Rs 1.5 lakh crore revenue bonanza by 2020 if the government accepts the telecom regulators proposals.



Finance
What’s killing bank stocks?
What’s killing bank  stocks? - Livemint
For quite a few banks, the money required to make a full provision for NPAs may wipe out a large portion of their equity and reserves


Finance
Biggest private equity exit? Kohlberg Kravis Roberts Co may drive out of Alliance Tire
Biggest private equity exit?  Kohlberg Kravis Roberts Co may drive out of Alliance Tire - Economic Times
With the value of the company said to be pegged at $1.5 billion, a deal at that level will mark the biggest PE exit from an Indian company.


Finance
GDP data to set tone of Union budget
GDP data to set tone of Union  budget - Livemint
Apart from taking cues on trends in economic growth, the government will be watching the nominal GDP data as well as private investment, consumption demands before finalizing budget allocations


Finance
Banks step up forensic audit of borrowers
Banks step up forensic audit of  borrowers - Livemint
Accounting firms see a surge in requests to probe companies delaying repayments or suspected of fraud




Software
Why a slowdown in funding is taking a bite out of India's startups?
Why a slowdown in funding is  taking a bite out of India's startups? - Wall Street Journal
Investors in India’s tech startups are becoming more discerning and tightfisted—offering less money, demanding larger stakes and expecting a clearer and quicker path to profitability.


Software
Infosys plans to reward employees with new incentive structure 'iCount'
Infosys plans to  reward employees with new incentive structure 'iCount' - Economic Times
As part of iCount, employees will be offered feedback and subjected to reviews throughout the year rather than just an annual appraisal.


Software
How Coding automation in IT industry is set to rob jobs?
How Coding automation in IT  industry is set to rob jobs? - Times of India
The game is afoot! Be it IBM's Watson or Wipro's Holmes, platforms based on artificial intelli gence are increasingly driving projects in the IT space.


Software
Cybercrooks target finance department employees in India, US and UK
Cybercrooks  target finance department employees in India, US and UK
Symantec said the attackers operate with few resources, rely on social engineering rather than exploits, and use two publicly available RATs.



Ecommerce
How a bunch of entrepreneurs are trying to make video streaming services a successful biz proposition
How a bunch of entrepreneurs are  trying to make video streaming services a successful biz proposition - Economic Times
With mobile and broadband internet connectivity proliferating, a raft of content producers and OTT cos are looking to cash in on this new opportunity.

Ecommerce
India Post proposes to invest Rs 322 crore till 2019-20 to augment parcel handling capacity through which it projects to earn a revenue of Rs 1,608 crore
With the current pace of growth in e-commerce segment, India Post would be handling 40 lakh parcels per month in the near future and the capacity need..


Franchise
Franchisee Journey: From prosecuting the "worst of the worst" sex offenses and homicides to fitness franchisee
Franchisee Journey: From  prosecuting the
Government prosecutor April Porter had seen more than enough horrific sex offenses and homicides. She decided to walk away.


Franchise


HR
Infosys ahead of bell curve, to reward employees with new incentive structure 'iCount'
Infosys ahead of bell curve, to  reward employees with new incentive structure 'iCount' - Economic Times
As part of iCount, employees will be offered feedback and subjected to reviews throughout the year rather than just an annual appraisal.


HR
ABB looks at India to consolidate its back office operations
Business Standard, India's leading destination for latest news, analysis and opinion on markets, companies, industry, economy, policy, banking and personal finance.


HR
Many Millennials Likely to Quit Current Jobs in 2 Years: Survey
Many Millennials Likely to Quit  Current Jobs in 2 Years: Survey - NDTV
A significant number of millennials expect to quit their current jobs in the next two years on dissatisfaction over the way their leadership skills are being developed, a survey has found.


HR
Topping Up Skill India: An App To Help Skilled Youth Find Jobs
Topping Up Skill India: An App  To Help Skilled Youth Find Jobs - Swarajya
Skilling India is not enough, employing India is equally important #jobs #mobileapps #skillindia



Logistics
Advantage India: Dhaka cancels port to be built by China, India eyes another
Advantage India:  Dhaka cancels port to be built by China, India eyes another - Times of India
With India’s relations with Bangladesh on an upswing, New Delhi has expressed interest in developing the neighbour’s newest deep sea port, Payra.


Logistics
Yes Bank, Indian Railways partner to set up 1000 water purifiers at stations across India
Yes Bank, Indian Railways  partner to set up 1000 water purifiers at stations across India - Daily News Analysis
Yes Bank, Indian Railways partner to set up 1,000 water purifiers at stations across India - The initiative is being rolled out at smaller stations with basic water connection and an average footfall of 1,000 passengers a day, the bank statement said.


Logistics
Air India plans to take flight from MRO work
Air India plans to take flight  from MRO work - Daily News Analysis
Air India plans to take flight from MRO work - Currently, due to lack of adequate world-class MRO facilities in India, many airlines, especially the low-cost carriers, have been taking their planes to other nearby countries including Singapore, Dubai or Colombo, because of which India loses millions in foreign exchange.


Logistics
Water transport workers oppose new Major Port Trust Act, sceptic about the many changes being beneficial
Water transport workers oppose  new Major Port Trust Act, sceptic about the many changes being beneficial - Hindu Business Line
The Water Transport Workers Federation of India has raised its concern



Construction
IRB, GMR seek Sebi nod for first infrastructure investment trust
IRB, GMR seek  Sebi nod for first infrastructure investment trust - Livemint
Both have identified assets they want to list under these trusts in the application to the regulator


Construction
NHAI is looking forward to adequate funding support from Union budget
NHAI is looking  forward to adequate funding support from Union budget - Livemint
The road ministry has decided that all two-lane highways on which more than 10,000 passenger cars ply every day would be eligible for four-laning


Construction
Probe into encroachment of govt land in Agra by local builder ordered by Akhilesh Yadav
Probe into encroachment of govt  land in Agra by local builder ordered by Akhilesh Yadav - ET Realty
Real estate developer Atul Gupta allegedly illegally occupied 3,200 sq m of government land with the help of officials and also harassed local residen..


Construction
DB Realty reports net loss of Rs 32.25 cr in Dec quarter
DB Realty reports net loss of Rs  32.25 cr in Dec quarter - ET Realty
The Mumbai-based developer had posted a net profit of Rs 8 crore in the year-ago period



Marketing
Search Engine Optimisation In India : Bruce Clay Shares His Expertise On SEO !
Search Engine  Optimisation In India : Bruce Clay Shares His Expertise On SEO ! - Techstory
Share on FacebookShare on Twitter You have a great product/service, but how will you let the community know about it? That’s where the marketing team comes into play, with the advent of internet, every company had both the need and the opportunity to expand their community. In this competitive process, everyone tried to stay on top, to ...


Marketing
CRY Rolls Out National Campaign, Joy of Five : Report
Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities


Marketing
9 Major Updates From Facebook, WhatsApp, Twitter Instagram : Report
9 Major Updates From Facebook,  WhatsApp, Twitter Instagram : Report - Lighthouse insights
1. LinkedIn Reports Solid Q4 Earnings, But Stock Falls On 2016 Guidance: LinkedIn reported a strong fourth quarter of 2015 on Thursday, but its stock tumbled after the company told Wall Street to e…


Marketing
10 Global Digital Marketing Campaigns That You Should Read This Week
10 Global Digital Marketing  Campaigns That You Should Read This Week - Lighthouse insights
1. Snapchat Runs Its First App-Install Ad, and It’s for Mobile Game Cookie Jam: Today, a short video ad promoting SGN’s mobile game Cookie Jam is running within iHeartRadio’s Discover channel—the a…



Politics
Kerala’s con-queen strikes again: Why is Saritha Nair so angry, why is she after Oommen Chandy?
Kerala’s con-queen strikes again: Why  is Saritha Nair so angry, why is she after Oommen Chandy?
Till the Chief Minister convincingly answers such questions, Saritha will regularly toss her bombshells. And each time she does it, CPM’s politburo member and chief-minister-in-waiting Pinarayi Vijayan will smile broadly.


Politics
Will not form govt with BJP in Kashmir if Modi dispensation doesn’t create conducive atmosphere: Mehbooba
Will not form govt with BJP in Kashmir if Modi  dispensation doesn’t create conducive atmosphere: Mehbooba
Mehbooba Mufti made it clear that she will not form the government with BJP in Kashmir if the Modi dispensation does not create a "conducive atmosphere".


Politics
Those who lost the election disrupting Parliament to avenge poll defeat: Modi slams Gandhi family
Those who lost the election disrupting Parliament to  avenge poll defeat: Modi slams Gandhi family
Singling out the Sonia Gandhi family, Prime Minister Narendra Modi accused the Congress President and her son Rahul Gandhi of disrupting Parliament.


Politics
Muslim Personal Law Is Based On Quran, Courts Can't Question It's Validity: Jamiat Ulama-e-Hind
Muslim Personal Law Is Based On Quran, Courts  Can't Question It's Validity: Jamiat Ulama-e-Hind
The Jamiat Ulama-e-Hind (JUH) has bitterly opposed the Supreme Court's endeavour to examine Muslim personal laws so that biases against women in the legal system can be eliminated. The organisatio



Sports
IPL insiders shed light on Guptill, Khawaja snubs
IPL insiders shed light on Guptill, Khawaja snubs
Raghu Iyer, CEO of the Rising Pune Super Giants, believes IPL franchises did not go for international stars like Usman Khawaja and Martin Guptill because they did not want to upset their team balance


Sports
A first in Pro Kabaddi League, Amit Rathi red-carded for back kick
A first in Pro Kabaddi League, Amit Rathi red-carded for back  kick
While defending during the Bengaluru Bulls-Telugu Titans tie at the Sree Kanteerava Stadium in Bangalore, the 22-year-old lunged forward in an attempt to lodge an ankle hold on the hosts’ raider Amit Rathi.


Sports
IPL Auction 2016: Who they went chasing
IPL Auction 2016: Who they went chasing
While Pune Supergiants and Gujarat Lions were building from scratch, six other franchises only needed touch ups to their existing squads.


Sports
Ramos: Modric is the backbone of Madrid
Ramos: Modric is the backbone of Madrid
Real Madrid's Sergio Ramos has heaped praise on team-mate Luka Modric after the Croatia international scored the winning goal against Granada.



Entertainment
Manoj Bajpayee’s ‘Tandav’ receives appreciation from Bollywood
Manoj Bajpayee’s ‘Tandav’ receives  appreciation from Bollywood
Manoj Bajpayee, whose short film “Tandav” premiered on Saturday (February 6), is receiving much appreciation from Bollywood celebrities with some calling it electrifying while many others lauding the actor's talent.


Entertainment
‘Baahubali: The Conclusion’ is going on track: S.S. Rajamouli
‘Baahubali: The Conclusion’ is going on track: S.S.  Rajamouli
Filmmaker S.S. Rajamouli has clarified that the shoot of the second part of "Baahubali" franchise is going on as planned.


Entertainment
Would love to star in Indian ‘Breaking Bad’: Rajkummar Rao
Would love to star in Indian ‘Breaking Bad’:  Rajkummar Rao
Rajkummar Rao says if "Breaking Bad" is ever made in India, he would love to play the character of Jesse Pinkman.


Entertainment
Singer-songwriter Dan Hicks dies at 74
Singer-songwriter Dan Hicks dies at 74
Dan Hicks passed away after a two-year long battle with throat and liver cancer. He was 74.




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