Friday, March 11, 2016

March 11, 2016 - Mu Sigma founder Dhiraj Rajaram sued for 'misleading' early investor

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
At a recent conference, when asked about disruptive business models, Uday Kotak was honest in admitting that he wakes up every day wondering what technology disruption would affect the banking sector. Few business leaders have woken up to the scale of technological change coming, as suggested by this study done by GE. Most old-industry CEOs are looking at incremental changes from using technology to improve productivity or cut costs. In the mean time, nimble startups in alternative energy, biomedical engineering, internet of things could upend incumbents (the Kodak effect). So how can large companies make sure they don't become obsolete? Incumbents have too much to lose, so they are unlikely to take the risks required to shake up their own industry. Also, bureaucracy and inertia slows decision-making. What they can do, is partner with tech upstarts through incubators/accelerators and startup forums, acquire good startups for both talent and technology and generally be open to new ideas both within and outside the firm. This sort of thinking starts at the top - Comment


Digital
Mu Sigma founder Dhiraj Rajaram sued for 'misleading' early investor
Mu Sigma  founder Dhiraj Rajaram sued for 'misleading' early investor - News
Walworth had pumped in $1.5 million into Mu Sigma in 2006. Rajaram bought back Walworths shares in the IT firm for $9.3 million in 2010.


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Digital
Roadrunnr and TinyOwl in early stage of merger talks
Roadrunnr and TinyOwl in early  stage of merger talks
The talks, which have been going on for a few months now, are still at a preliminary stage, the sources said.


Digital
Viacom18 readies for OTT platform launch
Ropes in technical partners


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The Responsible Business Summit Asia 2016 - Empowering Suppliers & Engaging Customers
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Digital
Self-driven cars rental marketplace JustRide raises $400K in angel funding
Redcliffe Capital’s Dheeraj Jain participated in this round.


Digital
Microsoft Ventures’ latest batch of 12 startups have raised $18 million together
When startups that have already raised funding decide to apply for an accelerator, you know they’ve got big plans.

 


Digital
Ola shuts food and grocery delivery service
In the race to win, the two companies have tried a bunch of different services and customizations to woo Indian consumers, including motorbike taxis, wifi-enabled cabs, and cash payments.

 


Retail
India is not our first priority for retail expansion: Versace's Gian Giacomo Ferraris
India is not our first priority  for retail expansion: Versace's Gian Giacomo Ferraris - Business Standard
Interview with Chief Executive Officer, Gianni Versace SPA

Retail
Kishore Biyani led Future Group to bring out ads using word play to target rivals Flipkart, Amazon, Snapdeal
Kishore Biyani led Future Group  to bring out ads using word play to target rivals Flipkart, Amazon, Snapdeal  - Economic Times
Future has fired ad shots at ecommerce before. For instance, “You can't take the nation for granted even for a day,” was aimed at Flipkarts Big Billion Day sale in 2014.

Retail
Kishore Biyani's new secret sauce: Holacracy
Kishore Biyani has identified nine intrapreneurs who would run parts of Future Consumer’s business as if they owned it

Retail
Lenovo ties up with Paytm to offer sops for distributors, sales, representatives
Lenovo ties up  with Paytm to offer sops for distributors, sales, representatives - Economic Times
Payments, which earlier used to take weeks, will now be instantaneous, a move that the company said will help attract more sales representatives to sell Lenovos tablets, laptops, desktop computers and servers to businesses.


Telecom

Telecom
Freedom 251: Make in India blitz or a farce?
Freedom 251: Make in India  blitz or a farce? - India Today
How can a phone which was bought for Rs 3600 be sold for Rs 251? Do the tall promises being made by Ringing Bells hold up? Or is the dream of the Rs 251 phone too good to be true? This is an India Today exclusive.


Telecom
Call drops in India much higher than global average: Survey
Call drops in India much higher  than global average: Survey - ETTelecom.com
A survey has found out that on average 4.73 per cent of calls get dropped in the country, much higher than the global average of three per cent.By the RedMango Analytics report, 59.1 per cent of dropped calls were due to poor quality and 36.9 per


Telecom
'Work from home' online fraud most prevalent in India
'Work from home' online fraud  most prevalent in India - Hindu Business Line
The average financial loss per person is ₹8.2 lakh, says Telenor study



Finance
Vijay Mallya has left India: Why is pro-poor RaGa mum? Why is govt hesitant?
Vijay Mallya  has left India: Why is pro-poor RaGa mum? Why is govt hesitant? - Firstpost
Why the politicians are largely silent on the Kingfisher issue? Are they under some oath not to speak? The desperate, late-fought battle of a clutch of 17 - Firstpost


Finance
The debt troubles of Jindal Steel and Power
The debt troubles of Jindal  Steel and Power - Livemint
Jindal Steel and Power equity investors appear unperturbed by the company’s debt getting a default rating, if the share price is a reliable indicator


Finance
Govt, RBI move in step on banking sector clean-up
Govt, RBI move in step on  banking sector clean-up - Livemint
The government and the RBI are both chipping in to ensure that a capital cushion is available to banks as they go through clean-up


Finance
Crompton: succour from sale of ailing overseas business
Crompton: succour from sale of  ailing overseas business - Livemint
Crompton Greaves on Wednesday inked an agreement for the sale of its international power business for €115 million, which has brought a ray of hope for investors in the beleaguered firm




Software
UC Browser inks cricket content deal with Twitter and Microsoft Bing
UC Browser inks cricket content  deal with Twitter and Microsoft Bing
UC Cricket provides complete cricket content such as live score, news, videos, tweets, photo, stats, previews, commentaries, etc.


Software
India among nations most vulnerable to cyberattacks
India among nations most  vulnerable to cyberattacks
The US ranked 11th safest, while several Scandinavian countries including Denmark, Norway and Finland ranked the safest, researchers said.



Ecommerce
Flipkart invests another Rs338 crore in Myntra; Fresh funds come at a time when fashion store's nearest rival,Jabong, is struggling
Fresh funds come at a time when fashion store’s nearest rival, Rocket Internet-backed Jabong, is struggling

Ecommerce
Online marketplace ShopClues plans to hire 1,500 employees by December across various roles in products and technology, categories and management
ShopClues recruits from institutes like the IIMs, SP Jain Institute of Management and Research, Faculty of Management Studies.

Ecommerce
Amazon just leased 20 cargo planes to build its own in-house delivery network, allowing it to take care of its own deliveries and rely less on third-party shippers
It will help Amazon build out its in-house delivery network, allowing it to take care of its own deliveries and rely less on third-party shippers like..

Ecommerce
Hotels check out of Oyo, Zo after unhappy stay; More than 200 hotels end ties with leading aggregators Oyo Rooms and Zo in the last five-six months
Hotels check out of Oyo, Zo  after unhappy stay; More than 200 hotels end ties with leading aggregators Oyo Rooms and Zo in the last five-six months - Economic Times
More than 200 hotels are estimated to have ended ties with leading aggregators Oyo Rooms and Zo in the last five-six months.


Franchise
Franchisee Journey: From son of world's first Gloria Jean's franchisee to owner of Gloria Jean’s franchise mulling expansion
Franchisee Journey: From son of  world's first Gloria Jean's franchisee to owner of Gloria Jean’s franchise mulling expansion - Entrepreneur
More than two decades ago, Ross Drever took over the world's first Gloria Jean's Coffees franchise. Its founder, in 1986, was his dad.


Franchise
Using omni-channel retailing as an effective way to increase your relevance as a retail franchise
Using omni-channel retailing as  an effective way to increase your relevance as a retail franchise - Franchising USA Magazine
Click inside to read how to Get Ahead of the Curve: It’s Time to Start Omni-Channel Retailing.



HR
Tata Motors, IIT-B in tech, manpower partnership
Tata Motors, IIT-B in tech,  manpower partnership - The Hindu - The Hindu
Tata Motors, India’s largest commercial vehicle manufacturer, has signed a memorandum of understanding (MoU) with IIT Bombay (IIT-B) to create a technological partnership for meeting its technological


HR
Tata set to select new AirAsia India CFO amid claims of foreign control
Tata set to  select new AirAsia India CFO amid claims of foreign control - Livemint
Airline’s new chief executive officer, however, will be nominated by AirAsia Bhd


HR
10 top jobs women never had in India
10 top jobs women never had in  India - Livemint
Even as women break barriers, there remain a few top jobs where the glass ceiling has never been broken in India, with most of these jobs being in govt depts


HR
Electronic payment adds more jobs in India
Electronic payment adds more  jobs in India - The Asian Age
The increased use of electronic payment products, including credit, debit and pre-paid cards has ...



Logistics
India okays bill to develop 11 rivers as transport routes into national waterways, one of which will also be a seamless path into Bangladesh
India okays bill to develop 11  rivers as transport routes into national waterways, one of which will also be a seamless path into Bangladesh - The Daily Star
Indian parliament gave its nod to a bill to convert 111 rivers across India into National Waterways, one of which could


Logistics
Banks seize 3 trademarks of Vijay Mallya's Kingfisher Airlines, total outstanding at $1.4 billion
Banks seize 3 trademarks of  Vijay Mallya's Kingfisher Airlines, total outstanding at $1.4 billion - The American Bazaar
A consortium of Indian banks led by State Bank of India that sought the help of the Supreme Court of India to recover a loan amounting to $1.4 billion from defaulter Vijay Mallya has taken possession of 9 trademarks related to his defunct company Kingfisher Airlines.


Logistics
India, Afghanistan, Iran to hold trilateral meet on transport agreement between the three countries
India, Afghanistan, Iran to  hold trilateral meet on transport agreement between the three countries - Business Standard
India, Afghanistan and Iran will hold a trilateral meeting next month to finalise an agreement on transport and transit between the three countries, a senior government official said on Thursday.



Construction
Changes to MMDR Act positive for Cement firms
Changes to MMDR Act positive  for Cement firms - Livemint
Union cabinet clears proposal to amend the mines and minerals law to allow the transfer of captive mines granted through non-auction routes


Construction
Impact of real estate bill on developers and home buyers?
Impact of real estate bill on  developers and home buyers? - ET Realty
The bill has widened its scope by going beyond the recommendations made by select committee in December


Construction
10 things you should know about Real Estate Regulator Bill
10 things you should know about  Real Estate Regulator Bill - ET Realty
The Rajya Sabha passed the Real Estate Regulator Bill, which will help regulate the sector and bring in clarity for both buyers and developers


Construction
Sanjay Dutt, Cushman Wakefield says Buyers will now be paying only for the carpet area
Sanjay Dutt, Cushman  Wakefield  says Buyers will now be paying only for the carpet area - ET Realty
The Bill aims to bring in transparency in the real estate sector, thereby, encouraging investments from foreign and domestic financial institutions an..



Marketing
Decoding Micromax’s Next Phase Of Marketing Growth : Report
Decoding Micromax’s Next  Phase Of Marketing Growth : Report - Lighthouse insights
2015 has been the year of ups and downs for India’s second-largest phone manufacturer Micromax. South Korean technology giant Samsung continued to lead the Indian smartphone market during the calen…


Marketing
Khadi needs marketing, tech push to widen appeal : Report
Moral Fibre Fabrics, manufactures eco-friendly fabric, clothing including khadi in India and who has supplied khadi to Hollywood as well feel that Made in India’s fabric Khadi is slowly but steadily generating interest in the West. To widen its appeal, there are certain issues which the sector needs to address, said Shailini Sheth Amin, the creative mind behind the Ahmedabad based company.


Marketing

Marketing
ASCI reaches out to consumers to lodge complains : Report
ASCI reaches out to consumers  to lodge complains : Report - Economic Times
ASCI is going to connect with consumers and curb misleading advertisements by accepting objectionable advertisement complaints from consumers on Whatsapp.



Politics
Malayalam Daily Mathrubhumi Forced To Apologise For 'Offensive' Remarks On Prophet Mohammad
Malayalam Daily Mathrubhumi Forced To Apologise For  'Offensive' Remarks On Prophet Mohammad
On Wednesday, Mathrubhumi, a leading Malayalam daily in Kerala, faced a lot of outrage on social media for reproducing an ‘offensive’ comment about Prophet Muhammad. Many Muslim organi


Politics
Sri Sri Ravi Shankar Says He Won't Pay 5 Crore Fine For AOL Event On The Yamuna
Sri Sri Ravi Shankar Says He Won't Pay 5 Crore Fine  For AOL Event On The Yamuna
NEW DELHI -- A day after the National Green Tribunal slapped a Rs5 crore fine on his Art of Living Foundation for damage to the Yamuna floodplains while organizing the mammoth World Culture Festival,


Politics
Vijay Mallya Tracked To Country Home In London Amid Opposition Fury In Parliament
Vijay Mallya Tracked To Country Home In London Amid  Opposition Fury In Parliament
Liquor baron Vijay Mallya, who is facing legal proceedings for allegedly defaulting loans of over Rs 9,000 crore from various banks, has currently sought refuge in his country house on the outskirts


Politics
“This kind of terror, we have not seen before”: An Interview With the Lawyers Evicted From Bastar in Chhattisgarh
“This kind of terror, we have not seen before”: An Interview With the Lawyers Evicted From Bastar in Chhattisgarh
Isha Khandelwal and Shalini Gera were evicted from Bastar in Chhatisgarh, where they ran a non-profit offering free legal aid to the region's adivasis.



Sports
India vs West Indies: In warm-up, Rohit Sharma hits 98*; Jasprit Bumrah keeps form going
India vs West Indies: In warm-up, Rohit Sharma hits 98*;  Jasprit Bumrah keeps form going
Rohit Sharma hit 98* before four bowlers picked two wickets each as India beat West Indies by 45 runs in warm-up.


Sports
Irani Cup: Rest of India chase 480-run target set by Mumbai, lift title
Irani Cup: Rest of India chase 480-run target set by Mumbai,  lift title
Rest of India prevented the 41-time Ranji Trophy champions Mumbai from lifting the Irani title for the 16th occasion and the first since 1997-98.


Sports
All England Championships: B Sai Praneeth stuns Lee; Saina Nehwal reaches quarters
All England Championships: B Sai Praneeth stuns Lee; Saina Nehwal  reaches quarters
Saina Nehwal sailed into the quarterfinals with a 21-16 21-9 win over Busanan Ongbumrungphan in the second round.


Sports
Maria Sharapova’s peers stunned after revelation, but support doping system
Maria Sharapova’s peers stunned after  revelation, but support doping system
Maria Sharapova has got vocal support from fellow Russian Svetlana Kuznetsova but other players have taken a less charitable view.



Entertainment
Sonakshi Sinha enters Guinness World Record for nail painting
Sonakshi Sinha enters Guinness World Record for nail  painting
Sonakshi Sinha has become a Guinness World Records title-holder for setting a record for 'most people painting their fingernails simultaneously'.


Entertainment
Priyanka Chopra promises action, deception in ‘Quantico’
Priyanka Chopra promises action, deception in  ‘Quantico’
Priyanka Chopra will return as Alex Parrish with "Quantico" after mid-season break.


Entertainment
Kalpana Lajmi on failing health and financial trouble reports: I am being well taken care of
Kalpana Lajmi on failing health and financial trouble  reports: I am being well taken care of
Contrary to reports doing the rounds about Kalpana Lajmi's failing health, it now emerges that the veteran director is recuperating well.


Entertainment
People confuse reel chemistry with real life: Farhan Akhtar
People confuse reel chemistry with real life: Farhan  Akhtar
Farhan Akhtar says people sometimes confuse onscreen chemistry of actors with their real life.






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