Wednesday, March 23, 2016

March 23, 2016 - Uber sues Ola, accuses it of creating 93000 fake accounts, seeks Rs 49 crore in damages

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Blog
Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
The Concorde failed for a variety of reasons: expensive tickets, sonic booms that nixed overland travel, the slowdown in air travel after Sept. 11. In the years since, the other couple of efforts to build a supersonic commercial jet fizzled, and the conventional aerospace wisdom is that such projects are too expensive and risky. Enter Boom Technology, a Denver based startup that promises to fly you from New York to London in 3.4 hours, at less than business class fare. Using carbon-fibre composite instead of aluminium and advanced software that reduces testing costs, the all-star team (Pratt & Whitney, NASA, Lockheed Martin) might just be able to bring super-sonic travel back - Comment


Digital
Uber sues Ola, accuses it of creating 93000 fake accounts, seeks Rs 49 crore in damages
Uber sues Ola, accuses it of  creating 93000 fake accounts, seeks Rs 49 crore in damages - News
The Delhi High Court on Tuesday sought response of ANI Technologies, which runs app-based cab service under the name of Ola, on its competitor Uber's plea seeking Rs 49.61 crore as damages from Ola for allegedly interfering in its business by making fake accounts to book rides and then canc


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Digital
Sachin Tendulkar starts second innings as investor. Picks up stake in IoT startup Smartron
Sachin Tendulkar starts second  innings as investor. Picks up stake in IoT startup Smartron - Times of India
Smartron was founded by passionate entrepreneurs, equally supported by young and dynamic team of trons..


Digital
Myntra cofounder Mukesh Bansal, ex-Flipkart exec Ankit Nagori to launch healtcare, sports and fitness startup
Myntra cofounder Mukesh Bansal,  ex-Flipkart exec Ankit Nagori to launch healtcare, sports and fitness startup
The move comes barely six weeks after Bansal, former head honcho at Flipkart, and Nagori resigned from the countrys largest online retailer.


Advance to a Proactive I&O Organization in Four Steps

Advancing I&O maturity increases the value that I&O delivers. This essential piece of Gartner research shares 4 easy steps to advance your I&O organization.

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
Google Tax: Online advertisers, digital media to cough up a higher tax
'Google tax' to hit online advertisers, digital media


Digital
Online ticketing platform BookMyShow partners with Uber
Online ticketing platform  BookMyShow partners with Uber
Uber has integrated a reminder service into the Bookmyshow app, where a customer will receive a notification to book a cab before the event.


Digital
E-grocer BigBasket raises $150 million in funding led by Abraaj Group
E-grocer BigBasket raises $150  million in funding led by Abraaj Group
Rival Grofers, an app-based service that connects local stores to customers, raised $120 million from Japan's Softbank last year to expand operations.


Retail
BigBasket raises $150 million from UAE's Abraaj Group, others
BigBasket  raises $150 million from UAE's Abraaj Group, others - Economic Times
Abraaj also said BigBasket is continuing to deliver strong growth, with a five-fold increase in monthly revenues over the last 18 months.

Retail
Here's What People Drunk-Shop For On Friday Nights
Here's What People  Drunk-Shop For On Friday Nights - Refinery29
Late-night shopping patterns involve ample shoes and lingerie, according to Lyst.

Retail
There's No Stopping India's E-Commerce Boom
CXOToday.com
There's No Stopping India's E-Commerce BoomCXOToday.comThe multi-million e-commerce industry continues to flourish and prosper in India in 2016. According to a joint study by Assocham and PwC, the online commerce is expected to increase by 78%, from 66% in 2015. The study also revealed that the number of ... articles »

Retail
Jewellers' strike against 1% excise duty enters 21st day
All India Sarafa Association Vice-President Surinder Kumar Jain said the ongoing strike will go on indefinitely till the government rolls back the pro..


Telecom
The iPhone SE costs $200 more in India and I'd still buy it
The iPhone SE costs $200 more  in India and I'd still buy it - The Next Web
Shortly after Apple announced the all-new 4-inch iPhone SE with a reasonable $399 (Rs. 26,600) price tag, fans in India were annoyed to learn that the devi


Telecom
National Optical Fibre Network project: Fast internet, slow implementation
National  Optical Fibre Network project: Fast internet, slow implementation - The Indian Express
National Optical Fibre Network project hits speed breakers as limited resource deployment by institutions, issues in co-ordination and mobilisation pushes deadline by nine months.


Telecom
Final views on net neutrality soon: Telecom watchdog
Final views on net neutrality  soon: Telecom watchdog - Techradar India
Growth in broadband subscriber base in India is a reason to cheer. But the growth comes with significant challenges for both broadband users and telecom network operators. India’s broadband subscribers soared 60 percent to 136.53 million at the end of December 2015, from 85.74 million a year earlier, according to Telecom Regulatory Authority of India


Telecom
4G-LTE networks not immune to privacy leaks
4G-LTE networks not immune to  privacy leaks - Techradar India
Nullcon 2016 speaker, Altaf Shaik has found multiple security-related weaknesses in 4G-LTE networks. A Ph.D. student in Security in the Telecommunications



Finance
Multinational foreign banks like RBS, HSBC exiting India to protect profitability
Multinational  foreign banks like RBS, HSBC exiting India to protect profitability - Economic Times
Bankers say this pullout from India is an indication of the demise of global banking as we knew it at the turn of the century.


Finance
Uber alleges Ola is trying to sabotage its business using fake accounts
Uber alleges  Ola is trying to sabotage its business using fake accounts - Livemint
Uber says Ola’s employees are creating fake accounts which have been used to book and make cancellations on Uber’s platform, leading to loss of revenue to the company


Finance
State-run oil companies to set up start-up fund: Dharmendra Pradhan
State-run oil  companies to set up start-up fund: Dharmendra Pradhan - Livemint
The move is in line with the government’s idea of promoting entrepreneurship, innovation and self employment


Finance
Sebi imposes interim ban on Sharepro, promoters
Sebi imposes interim ban on  Sharepro, promoters - Livemint
Market regulator finds lapses in share transfer, dividend encashment services offered by the agent in some cases




Software
Why is India taking BPOs to small towns for employment?
Why is India taking BPOs to  small towns for employment? - Times of India
New Delhi, March 22 (IANS) Communications and Information Technology Minister Ravi Shankar Prasad said on Tuesday that the government is taking BPOs to small towns to create job opportunities in rural areas of India.


Software
Did Gartner get some aspects of Magic Quadrant analysis wrong?
Did Gartner get some aspects of  Magic Quadrant analysis wrong? - Livemint
Firm may have put 2014 business analytics revenue figures of TCS, Wipro, Infosys higher than actual numbers


Software
Zynga Inc cofounder Mark Pincus invests in Indian startup in the online retail space
Zynga Inc  cofounder Mark Pincus invests in Indian startup in the online retail space - ValueWalk
Social game developer Zynga's co-founder Mark Pincus has invested in fish and meat e-tailer Freshto home, marking his debut in the Indian startup ecosystem.


Software
Internet must not be allowed to be abused, says Telecom minister
Internet must  not be allowed to be abused, says Telecom minister
The government has also made it clear that it will stand by Internet as a medium to empower underprivileged and remain open and non discriminatory.



Ecommerce
BigBasket raises $150 million in fresh funds; BigBasket can use the investment to fund expansion or growth in existing markets
The Abraaj Group is lead investor in $150 million funding round for Indiaâs BigBasket

Ecommerce
Tech A-listers backs on-demand mobile tutoring platform HashLearn; Hash-Learn enables students to instantly connect with reputed tutors
Hash-Learn offers a mobile app Hash-Learn Now that enables students to instantly connect with reputed tutors round the clock for help .

Ecommerce
Mukesh Bansal and Ankit Nagori teaming up and pooling $5 million to launch a start-up in the area of healthcare and sports and fitness
Mukesh Bansal and Ankit Nagori will register the firm over the next month and have started the process of hiring engineers for their start-up

Ecommerce
Amazon.com Inc sues a veteran logistics executive hired by Target Corp as its chief supply chain and logistics officer to prevent him from revealing trade secrets
Valdez spent 16 years at Amazon as a senior executive in the Seattle-based retailer's operations department overseeing the company's international sup..


Franchise
4 Areas which are going to be potentially difficult in your franchise clause
4 Areas which  are going to be potentially difficult in your franchise clause - The Age
Competition watchdog says businesses need to start reviewing contracts in light of the new protection for small businesses against unfair contract terms.


Franchise
Franchisee Journey: From 15 years as campus director to franchisee making learning fun for kids
Franchisee Journey: From 15  years as campus director to franchisee making learning fun for kids - Entrepreneur
Gina Cuffari uses building blocks to provide local kids with a holistic and entertaining after-school educational experience.



HR
Leadership lessons from Google CEO Sundar Pichai
Leadership lessons from Google  CEO Sundar Pichai - Businessinsider India
He's currently Google's highest paid executive. On Aug 2015, Pichai Sundararajan, better known as Sundar Pichai received $183 million in company stock, which


HR
KPMG accelerates transfer of UK IT jobs to India
KPMG accelerates transfer of UK  IT jobs to India - ComputerWeekly.com
KPMG is moving more jobs to India with UK contractor roles moost affected.


HR
69% of talent in India sees flexible work arrangements as positively impacting work-life balance: Kelly Services
69% of talent in India sees  flexible work arrangements as positively impacting work-life balance: Kelly Services - Economic Times
69% of talent in India sees flexible work arrangements as positively impacting work-life balance, according to a survey undertaken by Kelly Services.


HR
Paswan seeks private jobs quota
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Logistics
Railways conduct final trial run of India's fastest semi-high speed train with a WAP-5 locomotive engine, took 110 minutes to cover 194km @160kmph
Railways conduct final trial  run of India's fastest semi-high speed train with a WAP-5 locomotive engine, took 110 minutes to cover 194km @160kmph - Times of India
Railways conducted the full-fledged final trial run of India’s fastest semi high speed train Gatimaan express on Tuesday morning, the trial being the seventh in last three years. The train has a high-power emergency braking system, automatic fire alarm, GPS-based passenger information system and sliding doors in the coaches.


Logistics

Logistics
Terror strikes Brussels: Explosions at airport, subway kill 34
Terror strikes Brussels:  Explosions at airport, subway kill 34 - Times of India
Belgium's capital Brussels was on Tuesday morning hit by multiple explosions - two at the Zaventem airport and one at a metro station.


Logistics
Codeshare arrangements reason for Jet Airways to replace Brussels with Amsterdam as new European hub
Codeshare arrangements reason  for Jet Airways to replace Brussels with Amsterdam as new European hub - Daily News Analysis
Here's why Jet Airways replaced Brussels with Amsterdam as new European hub - Jet Airways has also entered into a codeshare partnership with KLM Royal Dutch Airlines and Delta Air Lines.



Construction
Edelweiss to buy JPMorgan’s mutual fund business in India
Edelweiss to buy  JPMorgan’s mutual fund business in India - News
With assets worth Rs7,501 crore, JPMorgan MF is almost five times bigger in size than that of Edelweiss


Construction
Williamson Magor Group firms to merge with EMC
Williamson Magor Group firms to  merge with EMC
Engineering firm, after merger, will have a revenue of at least Rs6,000 crore and an order book of Rs8,000 crore


Construction
India to host eighth BRICS summit in Goa
India to host eighth BRICS  summit in Goa
External affairs minister Sushma Swaraj also unveiled a logo and a website of the summit


Construction
Anand Mahindra, Aditya Puri in Barron’s 2016 list of world’s best CEOs
Anand Mahindra, Aditya Puri in  Barron’s 2016 list of world’s best CEOs
Mahindra, who was credited with transforming his family’s ‘industrial business into a global conglomerate,’ is a newcomer on the list



Marketing
Drone powered advertising is here : Report
Drone powered advertising is  here : Report - Livemint
Unlike aerial advertising that never really took off in India, pun unintended, I think drone-powered advertising could start flying soon


Marketing
JLL India partners with Snapdeal to market housing properties : Report
JLL India  partners with Snapdeal to market housing properties : Report - The Hindu
The alliance will offer brokerage-free buyer services in primary sales properties, the company said in a release.


Marketing
Coca-Cola brings Cheil India on board : To handle a shopper marketing assignment
Coca-Cola  brings Cheil India on board : To handle a shopper marketing assignment - ETBrandEquity.com
Account to be handled by the agency’s Gurgaon office


Marketing
Ola acquires digital payments startup Qarth
Ola acquires digital payments  startup Qarth - Medianama
Online cab aggregator Ola has acquired Chennai based Qarth, a startup which runs digital payments Android app X-Pay, for an undisclosed amount, reports TechCrunch. Qarth was founded by Abhinav Srivastava and Prerit Srivastava and its core team expects to join Ola Money, according to the report.



Politics
Tamil Nadu: Stalin says no fresh invite by DMK chief to Vijayakanth’s DMDK
Tamil Nadu: Stalin says no fresh invite by DMK chief  to Vijayakanth’s DMDK
Referring to Monday's remarks by Karunanidhi to reporters in this regard, Stalin said the party chief had only referred to the earlier invitation extended to DMDK and that it had "not been understood properly." - Firstpost


Politics
Ending uncertainty: Mehbooba Mufti set to take over as J K CM after BJP allows a face saver
Ending uncertainty: Mehbooba Mufti set to take over as  J K CM after BJP allows a face saver
It is surprising Mufti took so long to accept the inevitable.


Politics
Kerala election: Chandy’s development speech only to cover up corruption, says former CM VS Achuthanandan
Kerala election: Chandy’s development speech only  to cover up corruption, says former CM VS Achuthanandan
Hitting back at Kerala Chief Minister Oommen Chandy's development claims, CPI-M veteran and Opposition leader V S Achuthanandan on Tuesday said such "hollow" talks were made with a view to "covering up corruption" under the ruling UDF regime.


Politics
Assam Assembly Election 2016: Here’s why Badruddin Ajmal and the Muslim vote might spoil Gogoi’s plans
Assam Assembly Election 2016: Here’s  why Badruddin Ajmal and the Muslim vote might spoil Gogoi’s plans
Two factors are now working towards polarising the votes of the Bengali-speaking Muslims in favour of Badruddin Ajmal's AIUDF in the Assam Assembly Election



Sports
Indian cricket team needs to win big against Bangladesh to boost net run rate
Indian cricket team needs to win big against Bangladesh to  boost net run rate
Every game has now become a must-win affair for India and they have to take care of the net run-rate as well.


Sports
From beyond the border and within, Shahid Afridi gets the emotional connect
From beyond the border and within, Shahid Afridi gets the  emotional connect
As Shahid Afridi went on to claim two wickets in his four over spell, fans kept on cheering their favourite "Lala".


Sports
UEFA reaffirms commitment to security of Euro 2016 after Brussels attacks
UEFA reaffirms commitment to security of Euro 2016 after Brussels  attacks
Twenty-four teams will take part in European Championship 2016 across France starting on June 10.


Sports
ICC Women’s World T20: Indian women stare at exit after England defeat
ICC Women’s World T20: Indian women stare at exit after  England defeat
India's women to make a good fist out of ICC World T20 in home conditions looks destined to end on a sour note.



Entertainment
Action in ‘Rocky Handsome’ is world-class: John Abraham
Action in ‘Rocky Handsome’ is world-class: John  Abraham
John Abraham says in his upcoming movie "Rocky Handshome" action is at par with Hollywood.


Entertainment
Deepika Padukone to take forward her fight against depression, will launch mental health awareness campaign
Deepika Padukone to take forward her fight against  depression, will launch mental health awareness campaign
Deepika Padukone is set to launch an awareness campaign that takes forward her fight against depression, a condition that she has admitted to have been suffering from.


Entertainment
Is Sidharth Malhotra the next big thing in Bollywood?
Is  Sidharth Malhotra the next big thing in Bollywood?
Sidharth entered Bollywood with Student of the Year in 2012, and since then he has explored various roles like a lover out for vengeance in Ek Villain, guy-next-door in Hasee Toh Phasee and a boxer in Brothers. The latest is family drama Kapoor And Sons.


Entertainment
Jackie Chan set to do Bollywood item number
Jackie Chan set to do Bollywood  item number
Jackie will don an Indian look with a bright red kurta, green mojris and a dhol around his neck






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