Thursday, March 3, 2016

March 3, 2016 - Government imposes equalisation levy of 6% on online ads, dubbed as 'Google tax'

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Blog
Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Imagine if you could buy and sell random products (everyday stuff you find in drugstores, like lip-balms, shampoos, hairsprays), and build a profitable $70 million revenue business. No need to carry a full range, no category leadership of any sorts required. That's what the folks at Pharmapacks have done. They use marketplace platforms like Amazon and Overstock.com to sell their (strategically chosen) products, gaining visibility through pricing strategies that put them above other vendors on these platforms, along with a focus on maintaining high customer review ratings. We have a few online marketplaces to choose from in India now. Any Indian entrepreneurs who wish to dare this strategy? Hat tip to Srikanth Aithala for the story tip - Comment


Digital

 


Digital
Global Fashion Group puts an additional $20 million in Jabong
Global Fashion Group puts an  additional $20 million in Jabong
Global Fashion Group (GFG) has put an additional $20 million in fashion eCommerce company Jabong, which is running in losses over some …


Digital
US investors Lip-Bu Tan, Michael Marks back data analytics firm IQLECT
US investors  Lip-Bu Tan, Michael Marks back data analytics firm IQLECT
Bangalore-based startup IQLECT which provide products and solutions in the data space for enabling BigData analysis in RealTime, has …


Advt:The Rise of Multi-Talented Freelancers
Payoneer
A freelancer in 2016 must wear many hats. A freelance marketer for example, should have impeccable writing, PR experience, social media proficiency, and preferably some SEO skills

Digital
redBus starts on-demand ticketing for buses
redBus starts on-demand  ticketing for buses
redBus Now users can book last minute tickets on buses already in transit for boarding points closer to them


Digital
Nasscom partners with Tamil Nadu Government to set up first startup warehouse in Chennai
Nasscom partners with Tamil  Nadu Government to set up first startup warehouse in Chennai
In an effort to continuously support the young entrepreneurs, National Association of Software & Services (NASSCOM) has announced the …


Digital
E-learning platform Imarticus raises funding from a group of investors
E-learning  platform Imarticus raises funding from a group of investors
Imarticus Learning, a platform offering certified industry-endorsed courses in Financial Services, Business Analysis, Business Analytics …


Retail
Future Group to forge alliance with Trent's Star Bazaar
Future Group to forge alliance  with Trent's Star Bazaar - Hindu Business Line
To sell packaged food and grocery brands

Retail
Marks & Spencer to hire up to 300 people in India next fiscal as it looks to open new stores, maintain 20% growth
Marks & Spencer to hire up to  300 people in India next fiscal as it looks to open new stores, maintain 20% growth - Economic Times
The company, which is present in India through a joint venture with Reliance Retail, is expecting robust contribution from online sales.

Retail
FDI in food retail will enrich farmers: Harsimrat Kaur Badal
FDI in food retail will enrich  farmers: Harsimrat Kaur Badal - Economic Times
Harsimrat Kaur Badal said that the Walmart can invest billions of dollars and set up multibrand retail stores on its own, enriching farmers with foreign capital.

Retail
India's e-commerce founder finds nothing exciting in budget for start-up
India's  e-commerce founder finds nothing exciting in budget for start-up - Daily News & Analysis
- Start-ups registered after April 1, 2016, will get 100% income tax exemption in any three of the first five years. I am not sure about this.


Telecom
Why Budget 2016 offers little cheer for telecom sector
Why Budget 2016 offers little  cheer for telecom sector - Times of India
Rajan S Mathews, director general of COAI, has welcomed the Budget guidelines for the telecom industry presented by Arun Jaitley today. indirect tax  COAI has welcomed the move to clarify spectrum trading as a service. Spectrum Trading service tax allows telecom companies to claim CENVAT credit. The opening of 11 new Customs, Excise and Service


Telecom
Ravi Shankar Prasad: Trai will enforce call drop regulation
Ravi Shankar Prasad: Trai will  enforce call drop regulation - Times of India
Earlier the Delhi HC backed TRAI'S decision for call drops compensation.


Telecom
Do not blindly follow mobile health applications, warn doctors
Do not blindly follow mobile  health applications, warn doctors - Times of India
They said that a lot of times the applications suggest wrong diet to the user, without knowing the metabolism of the users body, resulting in serous health complications.


Telecom
Samsung Mobiles most trusted brand in India: Survey
Samsung Mobiles most trusted  brand in India: Survey - ETTelecom.com
South Korean smartphone maker Samsung Mobiles has emerged as the most trusted brand in the country followed by Sony and LG.



Finance
SBI seeks Vijay Mallya’s arrest, seizure of passport
SBI seeks Vijay Mallya’s  arrest, seizure of passport - Livemint
Bank moves debt recovery tribunal in the wake of Mallya stepping down as chairman of United Spirits


Finance
HDFC Bank to partner with startups
HDFC Bank to partner with  startups - Times of India
HDFC Bank plans to partner a slew of financial technology startups that will innovate in various areas such as payments, security and analytics. Through such partnerships, the bank expects that it can roll out pilot projects within weeks.


Finance
Why Flipkart will be worth its invested capital
Why Flipkart will be worth its  invested capital - Livemint
A Flipkart investor cut its valuation from $15 bn in June 2015 to $11 bn at the end of February 2016. I predicted that the slide in valuation will continue


Finance



Software
How Flipkart's valuation drop is sparking concern for India's billion dollar startups?
How Flipkart's valuation  drop is sparking concern for India's billion dollar startups? - Wall Street Journal
Some investors in India’s largest e-commerce firm Flipkart have lowered their valuations of the company, exacerbating concerns the easy money for technology startups could be drying up.


Software
Dell India lays off 70 people in software group
Dell India lays off 70 people  in software group - Times of India
Dell India has laid off around 70 people in the Dell software group (DSG) that was set up some nine months ago in Bengaluru.


Software
Vineet Taneja resigns as CEO from India's home-bred handset maker Micromax
Vineet Taneja  resigns as CEO from India's home-bred handset maker Micromax
“Vineet has moved on to pursue other interests. We would like to thank him for his contribution and wish him good luck,” a spokesperson from Micromax said Tuesday.


Software
Critical US infrastructure warned of cyberattacks by NSA Chief
Critical US infrastructure  warned of cyberattacks by NSA Chief
US National Security Agency chief Michael Rogers warned that hackers will inevitably mount a cyberattack against US infrastructure, similar to the power failure in western Ukraine last year.



Ecommerce
Flipkart's monthly ad sales revenue reaches $1 million; aims to be the largest digital ad platform in India over the next 3-5 years
Ravi Garikipati, head of Flipkart’s ads business, says the e-commerce firm aims to be the largest digital ad platform in India over the next 3-5 years

Ecommerce
Why business is turning out to be tough for food startups like Zomato, Foodpanda in India
Why business is turning out to  be tough for food startups like Zomato, Foodpanda in India - Economic Times
To woo customers, they resorted to offering deep discounts. If they dont, they risk losing customers reaching out to restaurants directly.

Ecommerce

Ecommerce
Levy on e-commerce companies a broader issue in the taxation regime: Tax experts
Levy on  e-commerce companies a broader issue in the taxation regime: Tax experts - Economic Times
In the budget announcement the government said that such a levy would only be on companies that have a permanent establishment or PE in India.


Franchise
Franchisee Journey: From senior director to franchisee with recruiting agency
Franchisee  Journey: From senior director to franchisee with recruiting agency - Entrepreneur
Tracey Hamilton of Minneapolis recruits hospitality managers. But her best recruits have been her own two daughters.


Franchise
5 Things it’s ok for you to expect from your franchisor
5 Things it’s ok for you  to expect from your franchisor - Franchise Direct
Finding a franchise can be overwhelming. Knowing things to look for on your search can help. Here are 5 things would-be franchisees probably should expect from a potential franchisor.



HR
Toyota appoints new India MD
Toyota appoints new India MD -  Business Standard
Days after Honda Cars announced replacement of its India head after a short tenure of one year, another Japanese car maker Toyota has announced appointment of new managing director for India. The world's largest car maker has appointed Akito


HR
Budget 2016: Start-up India plan, focus on youth can reduce dependency on large corporates for jobs investments
Budget 2016: Start-up India  plan, focus on youth can reduce dependency on large corporates for jobs investments - Firstpost
This budget continues to take forward a core belief that youth and entrepreneurship are key to transforming the economy and the country


HR

HR
China to lay off 1.8 million workers from coal and steel industry after slowest economic growth in 25 years
China to lay off 1.8 million  workers from coal and steel industry after slowest economic growth in 25 years - The Independent
China has announced plans to fire around 1.8 million workers.  In an apparent bid to restructure the world’s second largest economy, President Xi Jinping’s reforms to the coal and steel industries would see around 15 per cent of the current workforce at risk of losing their jobs.



Logistics
India To Sign Contentious Logistics Agreement Allowing US Access to Indian Military Bases
India To Sign Contentious  Logistics Agreement Allowing US Access to Indian Military Bases - Google (press release)
NEW DELHI: The BJP leaders from Prime Minister downwards are unsparing in their criticism of the Congress. But paradoxically the NDA Government is fol


Logistics

Logistics
Carriage by Air Amendment Bill gets Rajya Sabha nod
Carriage by Air Amendment Bill  gets Rajya Sabha nod - Times of India
Piloting the bill in the Rajya Sabha, Civil Aviation Minister Ashok Gajapathi Raju said it would bring legislative character to international character with respect to compensation for air passengers.


Logistics
India's First Burger King Airport Outlet Opens At Mumbai's Chhatrapati Shivaji International Airport
India's First Burger King  Airport Outlet Opens At Mumbai's Chhatrapati Shivaji International Airport - HungryForever (blog)
Travelers at Mumbai's airport can now officially enjoy Burger King fare. 



Construction
JLL launches platform to sell homes online
JLL launches platform to sell  homes online - ET Realty
JLL will have a dedicated team of on ground expert consultants to close transactions on leads generated online to benefit developers, end users and in..


Construction
Chandigarh Housing Board house can be sold any time
Chandigarh Housing Board house  can be sold any time - ET Realty
The Chandigarh Housing Board (CHB) on Tuesday waived off the lock-in-condition of five years to sell and transfer property, a decision that would give..


Construction
Infra status for housing sector got boosted in Budget: Naidu
Infra status for housing sector  got boosted in Budget: Naidu - ET Realty
The minister also said he was hopeful of the Real Estate Regulation Bill getting passed soon


Construction
India's richest rich prefer Mumbai as home
India's richest rich prefer  Mumbai as home - Times of India
The trend is expected to continue with number of Indian billionaires doubling over the next decade, while global number could rise by 44%.



Marketing
Online ads to attract 6% 'Google tax' : Report
Online ads to attract 6%  'Google tax' : Report - Times of India
Govt to introduce 6% equalisation levy on digital advertising - The move is expected to impact the bottom-lines of giants such as Google, Facebook, Yahoo and others which earn ad revenues from business entities in India


Marketing
India will be fastest growing advertising market in 2016 : Maxus CEO Lindsay Pattison
India will be  fastest growing advertising market in 2016 : Maxus CEO Lindsay Pattison - Economic Times
Lindsay Pattison said that India will be the fastest growing advertising market this calendar with total ad spend rising 15%.


Marketing
OgilvyOne Mumbai among world's top 10 digital agencies : Report
OgilvyOne Mumbai among  world's top 10 digital agencies : Report - Indiantelevision.com
MUMBAI: WARC has just released its much-awaited rankings of the world’s 100 best digital/ specialist agencies for 2016. And OgilvyOne Worldwide, Mumbai ranks among the top ten at number eight. Incidentally, OgilvyOne is the only Indian agency to rank among the top 50. The WARC 100 tracks over 2,000 effectiveness and strategy competition winners from around the world to reveal the top 100 best marketing campaigns of the year – as well as the agencies and brands behind them. | OgilvyOne Mumbai among world’s top 10 digital agencies | Indian Television Dot Com


Marketing
The most effective ad campaigns: Australia and India win at engagement
The most  effective ad campaigns: Australia and India win at engagement - Netimperative
More than half (55%) of the world’s most impactful campaigns are digital-led, with ‘social causes’ proving to be among the most effective, according to new research. The 2016 Warc 100 report is based on performance in effectiveness and strategy awards around the world, and are built on a methodology developed in consultation with King’s College ...



Politics
Did Smriti Irani's Parliament Speech School Or Fool Everyone?
Did Smriti Irani's Parliament Speech School Or Fool Everyone?
In the wake of the suicide of Hyderabad University student Rohith Vemula and the JNU controversy soon after, HRD Minister Smriti Irani has been facing plenty of heat. And then came her fiery speech in Parliament, where she got the opposition in a flap. So, here's the big question: did Smriti Irani fool everyone or did she school them?


Politics
Tamil Nadu Decides To Remit Sentence Of Rajiv Gandhi's Assassins
Tamil Nadu Decides To Remit Sentence Of Rajiv Gandhi's  Assassins
Tamil Nadu Government today said it has decided to remit the sentence of life imprisonment of all the seven convicts in the Rajiv Gandhi assassination case and release them and sought the Centre's vie


Politics
Why Ishrat Jahan Is Back In The News And Why You Should Pay Attention
Why Ishrat Jahan Is Back In The News And Why You Should Pay  Attention
NEW DELHI -- In the past week, two bureaucrats, who served in the Home Ministry, have made revelations which suggest that the Congress Party-led United Progressive Alliance government played fast and


Politics
From Ishrat To Kanhaiya, We Are Getting Distracted By The Wrong Questions
From Ishrat To Kanhaiya, We Are Getting Distracted By The  Wrong Questions
Back in 2013, NDTV CEO Vikram Chandra tweeted: "Was Ishrat a terrorist? And does it matter whether she was or wasn’t? Should it affect our approach to a fake encounter?" Now wit



Sports
Foreign players pocket major chunk of money in Indian leagues, claims report
Foreign players pocket major chunk of money in Indian leagues,  claims report
Roger Federer and Rafal Nadal are the highest earning players with Rs 26 crore plus for playing in the IPTL.


Sports
Novak Djokovic hopeful will play in Serbia’s Davis Cup clash v Kazakhstan
Novak Djokovic hopeful will play in Serbia’s Davis Cup  clash v Kazakhstan
Novak Djokovic retired from the Dubai Championships quarter-final against Spaniard Feliciano Lopez.


Sports
Euro 2016 games could be played in empty stadiums, says UEFA director
Euro 2016 games could be played in empty stadiums, says UEFA  director
Euro 2016 games could be moved at short notice bringing in the scenario of playing without any fans present .


Sports
French Open is going to be our toughest Grand Slam to win: Sania Mirza
French Open is going to be our toughest Grand Slam to win: Sania  Mirza
Having won three Grand Slam titles in a row, Sania Mirza and Martina would hope to maintain the winning streak at the French Open.



Entertainment
Brie Larson supports sexual assault victims
Brie Larson supports sexual assault victims
Actress Brie Larson hugged all of the 50 sexual assault victims from Lady Gaga's "Til It Happens To You" Oscars performance.


Entertainment
Ben Affleck dresses up as Batman for son’s birthday
Ben Affleck dresses up as Batman for son’s  birthday
Actor Ben Affleck was left surprised when his son demanded him to don his Batman avatar for his birthday party.


Entertainment
Deepika Padukone as Serena in xXx unleashed by director D.J. Curaso
Deepika Padukone as Serena in xXx unleashed by director  D.J. Curaso
Director of xXx: The Return of Xander Cage - D.J. Curaso has shared a picture of Deepika Padukone while shooting for the movie.


Entertainment
Kapil Sharma: I am not insecure; was only hurt when Comedy Nights With Kapil was taken off from YouTube
Kapil Sharma: I am not insecure; was only hurt when Comedy  Nights With Kapil was taken off from YouTube
Kapil Sharma said, "I am only hurt by the fact that they (Colors) removed the show from YouTube."






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