Monday, March 21, 2016

March 21, 2016 - Paytm-backed LogiNext aims to treble its revenue to $3million in FY'17

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Using Google-maps usage data to help untangle city traffic problems seems like an idea that should have already been implemented by now. Technology companies know a lot more about a city's traffic patterns than the city officials trying to solve the problem. The US Department of Transportation has announced a partnership with Sidewalk Labs, a unit of Alphabet (Google's parent) to do exactly this. Indian cities can get some quick gains using such data as well. One can accurately simulate the results of various actions such as adding bus routes or additional lanes during rush hour. The increase in productivity alone could add some basis points to our GDP growth rate - Comment


Digital
Paytm-backed LogiNext aims to treble its revenue to $3million in FY'17
Paytm-backed  LogiNext aims to treble its revenue to $3million in FY'17 - NEWS
Founded in 2014, the company helps automate supply chain nodes enabling them to track their shipments from pick-ups to line haul, last mile and reverse logistics.


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Transjovan capital
The Firm’s team has advised clients spread across SMEs, large Indian Conglomerates, Institutional Investors, Fortune 500 Corporations and Government Authorities.

 


Digital
PropTiger likely to sell properties worth Rs 2,100 crore in FY16
PropTiger likely to sell  properties worth Rs 2,100 crore in FY16
News Corp-backed realty portal PropTiger.com is likely to sell about 3,500 housing units worth Rs 2,100 crore during the fiscal, up 17 per cent from the last year.


Digital
Paytm in talks with Alibaba for $400mn investment in its marketplace; may spin off its marketplace biz to allow the Chinese giant establish a direct presence in India
Paytm in talks with Alibaba for  $400mn investment in its marketplace; may spin off its marketplace biz to allow the Chinese giant establish a direct presence in India
Paytm is considering a plan to spin off its online marketplace to allow Chinas Alibaba Group to establish a direct presence.


The Responsible Business Summit Asia 2016 - Empowering Suppliers & Engaging Customers
Asia
Leverage value chain opportunities and minimise supplier risks to ensure business longevity. The Responsible Business Summit Asia 2016 will bring together leading supply chain, procurement and sustainability professionals to discuss and understand why value chain sustainability is vital for commercial growth.

Digital
Alibaba may set up a technology development centre in India to tap the country's software talent
Alibaba may set up a technology  development centre in India to tap the country's software talent
Chinese ecommerce giant Alibaba Group is evaluating options to set up a technology development centre in India in yet another global endorsement.


Digital
India's online retail market on the verge of shake-up? Alibaba approaches Tatas for partnership
India's online retail market on  the verge of shake-up? Alibaba approaches Tatas for partnership
Chinese ecommerce giant Alibaba has approached Tata Sons for a possible partnership as it looks to set up shop in India later this year.


Digital
India to soon get 'Startup Corridor', will be under science technology ministry
India to soon get 'Startup  Corridor', will be under science technology ministry - Economic Times
India may soon get a ‘Startup Corridor to enable incubators to create a consortium that can share their specialised incubation service with startups.


Retail
Infibeam IPO to hit markets today; 10 things you should know
Infibeam IPO to hit markets  today; 10 things you should know - Financial Express
Infibeam Incorporation is Ahmedabad based e-commerce company offering cloud-based, modular, customisable and scalable technology platform as well as e-commerce infrastructure...

Retail
Tweaks in e-wallets: how you benefit
Consumers can expect offers to continue, in addition to small loan products and technology innovations in future

Retail
Online shopping to rise by 78% this year: Assocham-PwC
Online shopping to rise by 78%  this year: Assocham-PwC - Economic Times
Average online purchases are expected to increase by 78 per cent this year on the back of attractive deals and aggressive marketing of merchandise, according to a report.


Telecom

Telecom
Alibaba eyes major India expansion in 2016
Alibaba eyes major India  expansion in 2016 - ETTelecom.com
Alibaba says it is looking at opportunities to build the business organically or through other means


Telecom
iPhone SE: Why India might be among first countries to get the new Apple phone
iPhone SE: Why  India might be among first countries to get the new Apple phone - The Indian Express
iPhone SE might have a price that appeals to emerging markets like India, promising Apple large volumes


Telecom
Soon, the Net will be free of US control, have new governors. In new ICANN, who can?
Soon, the Net  will be free of US control, have new governors. In new ICANN, who can? - The Indian Express
The ICANN will now be governed by a “multi-stakeholder” model, including businesses, individual users and members of governments across the world.



Finance
IDBI Bank’s stake sale race heats up
IDBI Bank’s stake sale  race heats up - Livemint
IFC has completed the inspection of the bank’s assets; CDC Group has started due diligence; TPG also in talks


Finance
Here’s why the pickup in India’s loan growth has few believers
Here’s  why the pickup in India’s loan growth has few believers - Livemint
Lenders seem to be benefiting mostly because a jump in short-term commercial paper rates is driving companies into their arms, say analysts


Finance
UDAY is a game changer: Piyush Goyal
UDAY is a game changer: Piyush  Goyal - Livemint
Power minister Piyush Goyal explains how govt is capitalizing on improved efficiency in power sector value chain to deliver affordable, uninterrupted power


Finance
Life after Kingfisher for Indian banks
Life after Kingfisher for  Indian banks - Livemint
Although a banking crisis raises the need for major reform, the RBI has not yet woken up to this




Software
Why Artificial Intelligence won’t overtake humans as of now?
Why Artificial Intelligence  won’t overtake humans as of now?
Some of the inventions from the 3,000-people strong research division include the automated teller machine, the floppy disk, the hard drive


Software
Micromax founders focus on dethroning Samsung : Eye 40% revenue growth in FY17
Micromax  founders focus on dethroning Samsung : Eye 40% revenue growth in FY17
Micromax, which posted a profit of Rs 363.8 crore in FY15, expects to sell up to 56 million mobile phones in the country by March 2017.


Software
Finland-based mobile phone charger maker 'Salcomp' plans to set up factories in India
Finland-based mobile phone  charger maker 'Salcomp' plans to set up factories in India
“Were looking for leased space in Noida DTA for one factory and another one will be set up in Southern India,” MD of Salcomp India said.



Ecommerce
Paytm-backed LogiNext targets treble sales to $3 million in FY17; aims to increase its shipments four-fold to 2 lakh per day
LogiNext works with over 50 large clients and 100 small businesses, services companies, including Mahindra, Myntra, Paytm, Reliance Fresh and DMart.

Ecommerce
ICICI Securities and Kotak Mahindra Capital exit from the public issue of the online shopping portal Infibeam
ICICI Securities and Kotak  Mahindra Capital exit from the public issue of the online shopping portal Infibeam - Zee News
Ahead of Infibeam Incorporation's IPO early next week, two bankers - ICICI Securities and Kotak Mahindra Capital have exited from the public issue of the online shopping portal.

Ecommerce
Craftsvilla expands its services to cover the Middle East, New Zealand and Australia; aims to touch Rs 100 crore in revenue in 2016-17
The company aims to touch Rs 100 crore in revenue in 2016-17, said Manoj Gupta, founder of Mumbai-based Craftsvilla.com.

Ecommerce
Paytm plans to spin off its online marketplace to allow Alibaba Group to establish a direct presence in the world's fastest growing ecommerce market
Alibaba declared on Friday that it would enter the ecommerce business in India this year, after a meeting with Communications and Information Technolo..


Franchise

Franchise
What’s the common ingredient in the mind of successful entrepreneurs?
What’s  the common ingredient in the mind of successful entrepreneurs? - Franchise Gator
If you could dissect the mind of successful entrepreneurs, you would find a common, ingredient: courage.



HR
Alibaba may set up a technology development centre in India; Rings in possibilty for multiple level openings
Alibaba may set up a technology  development centre in India; Rings in possibilty for multiple level openings  - Economic Times
Chinese ecommerce giant Alibaba Group is evaluating options to set up a technology development centre in India in yet another global endorsement.


HR
B-schools like IIMs, XLRI and ISB using Vijay Mallya debt fiasco as learning curve for future managers
B-schools like IIMs, XLRI and  ISB using Vijay Mallya debt fiasco as learning curve for future managers - Economic Times
The saga has provided rich material for discussions of ethics, corporate governance, brand management, entrepreneurship and families at schools.


HR
784 Ravenshaw students get jobs
Students of Ravenshaw University have secured a record number of jobs in placement programmes this year.


HR
Homeward bound to back start-ups
Entrepreneurs who had migrated abroad in search of business opportunities are now tying up with city youths to launch their start-ups here.

 



Logistics
Air show highlights opportunities in Indian aviation, Pawa Hans announces two pacts for MRO for choppers
Air show highlights  opportunities in Indian aviation, Pawa Hans announces two pacts for MRO for choppers - Business Standard
The fifth India Aviation 2016 air show concluded here on Sunday, with the industry bullish on the Indian market – expected to become the third-largest in four years time – with the proposed new Nation


Logistics
Air India to buy more wide-body planes to expand global network
Air India to buy more wide-body  planes to expand global network - The Indian Express
Indian airlines together are likely to order 1,740 and 1,600 planes respectively over the next 20 years.


Logistics
There may soon be a Self-Driving Vehicle on the Road, and It's Made in India
There may soon  be a Self-Driving Vehicle on the Road, and It's Made in India - NDTV
Developed at the Indian Institute of Technology Kharagpur, the bike, called i-Bike, was designed with disabled riders in mind.


Logistics
Nine flights delayed at Indore airport, claims delays were due to the airlines and not the airport staff
Nine flights delayed at Indore  airport, claims delays were due to the airlines and not the airport staff - Times of India
Six of the delayed flights belonged to Jet Airways while two of them were operated by Air India.Some of the flights of Air India and Jet Airways were delayed by more than two hours. Indore: Nine flights, mostly connecting Delhi, Mumbai and Pune, were delayed at Devi Ahilya Bai Holkar Airport here on Saturday. Flight number 2821 got delayed by one hour and 10 minutes; another flight 2794 was delayed by 2 hours and 10 minutes.Two Air India flights were also delayed by more than an hour. While the airport director was unavailable for comments, officials at the airport terminal said the delays were caused by the airlines and not by the airport. The passengers who had connecting flights looked worried.



Construction
Nomura's Composite Leading Index suggests slower Growth in the next two quarters?
Nomura's Composite Leading  Index suggests slower Growth in the next two quarters? - Livemint
Nomura’s Composite Leading Index for India suggests recovery is likely to taper off in 2016


Construction
Office space sees improved demand: JLL
Office space sees improved  demand: JLL - ET Realty
Cities like Bengaluru, Delhi-NCR, Hyderabad, Mumbai saw robust space acquisition by tech giants like Accenture and Genpact


Construction
96 commercial properties in Gurgaon, Dharuhera and Rewari to be auctioned by HUDA
96 commercial  properties in Gurgaon, Dharuhera and Rewari to be auctioned by HUDA - ET Realty
The e-auction will start at 9am on March 31 and will go on till 5pm


Construction
I have no intention to flee: Manoj Gaur, Executive Chairman CEO, Jaypee Group
I have no  intention to flee: Manoj Gaur, Executive Chairman  CEO, Jaypee Group - ET Realty
"We are taking a detached view of our businesses and selling off whatever we can to raise funds"



Marketing
The Changing Face of Marketing : Report
It has happened to all of us, we have woken up in the morning have tried noticing things which has changed but cannot figure any. The change is a process which is gradual, systematic and invisible unless you are in marketing and faced with challenges to innovate.

 


Marketing
Yahoo seeks Facebook to sell ads on Tumblr : Report
Yahoo seeks Facebook to sell  ads on Tumblr : Report - Times of India
Yahoo is considering a deal with Facebook that would allow the social network giant to sell ads inside Tumblr’s mobile app.


Marketing
The auto marketer : Report
The auto marketer : Report -  Business Standard
India's leading online automobile marketplace CarDekho.com has appointed Pawan Chawla as the head of its information technology (IT) section. Chawla was earlier head of IT with Yatra.com. Chawla will be spearheading CarDekho.com's overall IT


Marketing
Mindshare and Leo Burnett Shortlisted For Twitter : Report
The Festival of Media Asia Pacific Awards 2016 has shortlisted two campaigns each from Mindshare and Leo Burnett. Mindshare India where has achieved a double listing, Leo Burnett featured twice with its Melbourne and Manila offices. Both the agencies showed their skills in live marketing leveraging the power of Twitter.

 



Politics
Why Every Feminist Should Refuse to Say Bharat Mata Ki Jai
Why Every Feminist Should Refuse to Say Bharat Mata Ki Jai
Our great nationalist politicians are trying to take young Indian minds back to the age of hatred, invasion, battles. As a proud Indian woman, I refuse to let my identity be dragged in this performance of violence and hatred, and I refuse to worship a dubious image of my country.


Politics
Freedom of expression and nationalism can co-exist, says Arun Jaitley
Freedom of expression and nationalism can co-exist, says  Arun Jaitley
Amid a controversy over the recent JNU row, BJP on Sunday said freedom of expression does not give a right to call for the country's destruction


Politics
Repeat of Arunachal in Uttarakhand: Congress MLAs join hands with BJP, Rawat’s govt in crisis
Repeat of Arunachal in Uttarakhand: Congress MLAs  join hands with BJP, Rawat’s govt in crisis
Arunachal Pradesh Part II is unfolding in far off Uttarakhand. The Congress' Harish Rawat government is in crisis and is in real danger of losing power.


Politics
A former Zee News producer reveals why he left over the network’s coverage of JNU
A  former Zee News producer reveals why he left over the network’s coverage of JNU
A decade ago, when I was pursuing my mass communication degree, television journalism was not something I had given much thought to as a career. Nevertheless, on 14 October 2014, I joined the Zee News network as an output producer. My time with Zee News is an excellent example of the “survival of the fittest.” … Continue reading A former Zee News producer reveals why he left over the network’s coverage of JNU



Sports
India vs Pakistan: Loss to India final nail in Shahid Afridi career, hints PCB
India vs Pakistan: Loss to India final nail in Shahid Afridi  career, hints PCB
PCB is not happy with the media statements of Shahid Afridi and believes it is time to move on.


Sports
ICC World Twenty20: ICC action leads to strong reaction from Bangladesh
ICC World Twenty20: ICC action leads to strong reaction from  Bangladesh
Bangladesh unhappy with decision to ban Taskin Ahmed over suspect bowling action; worry about its effect on team morale.


Sports
Bale breaks Lineker's La Liga goal record
Bale breaks Lineker's La Liga goal record
Gareth Bale has broken a record previously held by Gary Lineker to become the top scoring Brit in La Liga history


Sports
Serena Williams blasts sexist comments by Indian Wells tournament director
Serena Williams blasts sexist comments by Indian  Wells tournament director
China’s film regulators suspended the license of a film distributor for inflating ticket sales for the movie “Ip Man 3,” state media said, sending a broad message against box-office fraud.



Entertainment
Learnt from Nawazuddin Siddiqui, flattered by Naseeruddin Shah’s praise: Inaamulhaq
Learnt from Nawazuddin Siddiqui,  flattered by Naseeruddin Shah’s praise: Inaamulhaq
Inaamulhaq says that he learnt a lot from Nawazuddin Siddiqui and also that he was flattered with praise from Naseeruddin Shah for his performance in “Airlift”.


Entertainment
Deepika Padukone, Priyanka Chopra’s international stints wonderful: Sanjay Leela Bhansali
Deepika Padukone, Priyanka Chopra’s  international stints wonderful: Sanjay Leela Bhansali
Sanjay Leela Bhansali is all praise for Deepika Padukone and Priyanka Chopra, who are making the right noise internationally with their work.


Entertainment
Zack Snyder working on Rand’s ‘The Fountainhead’ adaptation
Zack Snyder working on Rand’s ‘The  Fountainhead’ adaptation
Zack Snyder is working on the movie adaptation of Ayn Rand's classic novel "The Fountainhead".


Entertainment
RGV is ‘genius’ when it comes to gangster films: Vivek Oberoi
RGV is ‘genius’ when it comes to gangster films:  Vivek Oberoi
Vivek Oberoi says director Ram Gopal Varma is a 'genius' when it comes to making gangster and underworld crime drama films.






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