Friday, April 1, 2016

April 1, 2016 - Digital to account for 25% of overall advertising revenues by 2020

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Nasty humans teaching machines to do nasty stuff is the real reason why machines might become dangerous to humans. After all, they learn from us (training datasets). Trolls caused havoc with Microsoft's teen chat bot experiment a few days ago. The bot started spewing racist hatred and sexist comments when asked questions, putting Microsoft in an embarassing position. Are our algorithms good enough to detect and prevent the worst human behaviour from influencing our AI-powered friends? Update: Microsoft accidentally opened up Tay again and shut it down after it tweeted that it's smoking marijuana in front of the police! - Comment

Digital
Digital to account for 25% of overall advertising revenues by 2020
Ad spend on digital media touched Rs 6,000 crore in 2015, says Ficci-KPMG report.


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Digital
Robin Uthappa-backed Bangalore-based food-tech startup iTiffin shuts down
Robin  Uthappa-backed Bangalore-based food-tech startup iTiffin shuts down
Bangalore-based online meal service provider iTiffin.in has stopped taking orders and advised employees to look for jobs, in yet another reminder of distress in the food-tech sector despite new ventures continuing to raise funds. Three people familiar with the development told Techcircle.in that


Digital
'Including services within the ambit of e-commerce is one of the biggest flaws of new FDI norms'
Including services within the ambit of e-commerce is one of the biggest flaws of the regulations.


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
Fin-tech startup SwitchMe raises funds from Mohandas Pai, others
Fin-tech Startup SwitchMe Raises Funds From Mohandas Pai, Hiro Mashita and Singapore Angel Network, Y Combinator's Sam Altman Invests $50M in Asana, & Spotify Raises $1B in Convertable Debt From TPG, Dragoneer, and clients of Goldman Sachs


Digital
Health tech startup Portea Medical acquires majority stake in Health Mantra
Health tech  startup Portea Medical acquires majority stake in Health Mantra
This acquisition comes right after Portea picked up a majority stake in PSTakeCare, a health-tech startup, in January.


Digital
Ola to make Wi-Fi services available across categories soon
Ola to make Wi-Fi services  available across categories soon
Ola announced the launch of Ola Wi-Fi that will allow users to auto connect to Internet in an Ola cab without having to enter credentials every single time.


Retail
Bigbasket should be shut under new norms: Kishore Biyani
They don't have any seller and directly sell to the consumers, said Biyani.

Retail
FDI in e-commerce: no more fifty shades of grey
FDI in e-commerce: no more  fifty shades of grey - YourStory.com
At an impromptu fun-filled riddle competition among friends, family and single malts sometime ago, I was asked “What have you read recently that is suppose

Retail
Legal teams of ecommerce companies look for a way to continue with the discounts
Legal teams of  ecommerce companies look for a way to continue with the discounts - Economic Times
The guidelines restricting online marketplaces from offering discounts could also have a negative effect on the soaring valuations.

Retail
Why business tycoon Kishore Biyani encouraged daughters to pursue non-management fields
Why business tycoon Kishore  Biyani encouraged daughters to pursue non-management fields - Economic Times
While Ashni Biyani studied textile designing, younger daughter Avni pursued sociology at New York University.


Telecom
Apple iPhone SE and iPad Pro released globally, India launch on April 8
Apple iPhone SE  and iPad Pro released globally, India launch on April 8 - Times of India
Keeping up growth in its iPhone sales will probably see it look to find more buyers in developing markets like India and to bring over those buyers who tend to focus on cheaper Android handsets.


Telecom
India launches pilot project for testing TV whitespace technology
India launches pilot project  for testing TV whitespace technology - ZDNet
The project is aimed at improving mobile connectivity in every nook and corner of the country.


Telecom
India to allow MVNOs
India to allow MVNOs - Total  Telecom
Xiaomi Mi 5, the 2016 flagship killer from Chinese smartphone maker has been officially launched in India. The smartphone is priced at Rs 24,999 for 3GB+32GB variant and will be available from Mi.com


Telecom
5 Best selfie phones in India that every selfie lover must check out atleast once!
5 Best selfie  phones in India that every selfie lover must check out atleast once! - India.com
Doesn't matter what features these phones have or even how they perform. The only thing that people want, that excites them about the device is the presence of a great front-end camera, a camera that helps them take that perfect selfie!



Finance
How bankruptcy code will save lenders
How bankruptcy code will save  lenders - Livemint
A key design focus in the proposed code is speed of resolution. Delay is disincentivized at various stages


Finance
US investment in India has outpaced China since Narendra Modi government came to power
US investment  in India has outpaced China since Narendra Modi government came to power - Economic Times
Obama administration has said that the United States has stepped up investment in India since the advent of the Narendra Modi government.


Finance
India's medical devices startups grabbing the world's attention with advanced and affordable technologies
India's medical devices  startups grabbing the world's attention with advanced and affordable technologies - Economic Times
In an industry dominated by global giants, medical devices startups are making inroads with technology thats advanced, affordable and more accessible.


Finance
Worst loss in five years for Sensex
Worst loss in five years for  Sensex - Livemint
Indian equities suffer in 2015-16 as foreign investors pull out of emerging markets in flight to safer havens




Software
Google awards $20,000 to Kolkata boy for emotion recognition technology
Google awards  $20,000 to Kolkata boy for emotion recognition technology - Times of India
City boy Sumesh Dugar has developed a software that can recognize emotions. Dugar, who won the top honour among 10,000 startsups at Launchpad by Google, was also awarded credit worth $20,000 by Google to develop `TrueEmoji' further.


Software
Chinese handset maker Xiaomi eyeing start-up acquisition in India
Chinese handset  maker Xiaomi eyeing start-up acquisition in India - Hindu Business Line
To expand product portfolio beyond smartphones


Software
Smartphone sales to slow down globally, except India, says Gartner
Smartphone sales to slow down  globally, except India, says Gartner
Sales of smartphones in India is on pace to reach 29 per cent growth in 2016 and continue to exhibit double-digit growth in the next two years, it added.


Software
IT companies bracing for slowest topline expansion on annual basis
IT companies bracing for  slowest topline expansion on annual basis - Economic Times
At least half a dozen brokerages, that ET spoke to, expect Indias top five software exporters to post sequential revenue growth of about 2 per cent.



Ecommerce
Snapdeal planning to add 450 engineers to its technology and products teams by the end of this year
This is in contrast to Snapdeal's move in February to put 200 employees on notice.

Ecommerce
PayPal announces 1% rebate in currency conversion processing fee for small merchants, freelancers
The rebate will help improve merchant economics in the ecommerce economy.

Ecommerce
Transcell Biologics raises funds from Indian Angel Network; plans to use the investment to develop products out of stem cell
The company plans to use the investment to develop products out of stem cell based platforms in both the therapeutic and non-therapeutic areas



HR
Flipkart's Manish Maheshwari is the New CEO of Web18
Flipkart's Manish Maheshwari is  the New CEO of Web18 - Adage India
Web18 Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Web18 Blogs, Comments and Archive News on Economictimes.com


HR
Tata Steel exit: UK 'doing everything it can' to save jobs, David Cameron says
Tata Steel  exit: UK 'doing everything it can' to save jobs, David Cameron says - Times of India
British Prime Minister David Cameron on Thursday assured the nation that his government is "doing everything it can" to save some 20,000 jobs at Tata Steel, but warned there were "no guarantees of success" after India's steel giant decided to sell its loss-making UK businesses.


HR
Here's your quick guide to Friday's jobs report
Here's your quick guide to  Friday's jobs report - Businessinsider India
ReutersJobs day is upon us once again.At 8:30 a.m. ET on Friday, the Bureau of Labor Statistics will publish details of how the US labor market performed in


HR
Overseas jobs fraud: 10 travel agencies busted
The drive, codenamed Operation Overseas, was conducted by the special branch of city police.Officials said that the operation was launched after checking the functioning of recruitment agencies for over a month.



Logistics
Congress talks tough, but holds out hope over GST Bill, despite BJP 'threats'
Congress talks  tough, but holds out hope over GST Bill, despite BJP 'threats' - Financial Express
Congress today struck a positive note on the GST Bill saying its support to the Narendra Modi government in the passage of legislation would be issue based and on merits, notwithstanding BJP's "open threats" to topple party governments in the backdrop of Uttarakhand developments. Party's senior spokesman Anand Sharma told reporters that there cannot be any cooperation possible with the government as it has continued unabated its "politics of confrontation" with the opposition. "There is a world of difference between Prime Minister Narendra Modi's precept and practice. He talks of cooperative federalism, but does exactly the opposite. In such a situation, any sort of cooperation is not possible", Sharma said.


Logistics
Indian Oil fights back airlines' allegation of usurping the gains from reduction in crude by not passing on price benefits
Indian Oil fights back  airlines' allegation of usurping the gains from reduction in crude by not passing on price benefits - Business Standard
Indian Oil Corporation (IOC) on Thursday fought back on the allegation by airlines that company is usurping gains from the reduction in crude oil prices by not passing on the lower costs. Four airlines that account for 95 per cent of the aviation


Logistics
Reliance Defence to sign a JV with Ukraine's Antonov for manufacturing transport aircraft and upgrade its existing fleet of 105 crafts of AN32 type- Firstpost
Reliance Defence to sign a JV  with Ukraine's Antonov for manufacturing transport aircraft and upgrade its existing fleet of 105 crafts of AN32 type- Firstpost
The JV proposal comes at a time when India is in the midst of acquiring new transport aircraft and is in the process of upgrading the 105-strong fleet of AN 32


Logistics
Chandigarh airport to be renamed after Shaheed Bhagat Singh, signages of 'Mohali' Airport to be removed
Chandigarh airport to be  renamed after Shaheed Bhagat Singh, signages of 'Mohali' Airport to be removed - Daily News Analysis
Chandigarh airport to be renamed after Shaheed Bhagat Singh - Haryana CM Khattar had recently said that his government had no objection to the airport being named after Bhagat Singh.



Construction
UltraTech cuts price for Jaypee Group’s cement assets
UltraTech cuts price for Jaypee  Group’s cement assets - Livemint
UltraTech cuts price for Jaypee’s cement assets by Rs600 crore; Karnataka assets have been dropped from the deal


Construction
Political blame game starts after Kolkata flyover collapses
Political blame game starts  after Kolkata flyover collapses - Livemint
At least 18 killed, dozens trapped after under-construction flyover collapses in north Kolkata


Construction
Realty downturn effect: Lowest ever collector rate likely in Bhopal
Realty downturn  effect: Lowest ever collector rate likely in Bhopal - ET Realty
A maximum of 10% rate hike is proposed in five locations and between 3.1% and 9.1% in 15 other locations in Bhopal


Construction
Essar gets Rs 300 crore by selling housing project in Bengaluru
Essar gets Rs 300 crore by  selling housing project in Bengaluru - ET Realty
SNN Builders would be taking this project forward which entails construction of 2 million sq ft



Marketing
Here’s Why Facebook Lead Gen Ads Will Take Off
Here’s Why Facebook Lead  Gen Ads Will Take Off - Lighthouse
Editor’s Note: This is a guest post from Vikram Gupta, Business Director, Havas Media. You can connect with him on Twitter – @vikram_a_gupt. Facebook has opened up to advertisers for capturin…


Marketing
Cadbury Dairy Milk Ushers #CadburyHeroes In Creative Gifs And Visuals
Cadbury Dairy Milk Ushers  #CadburyHeroes In Creative Gifs And Visuals
There’s a special opportunity for brands that choose to promote themselves through movies. Facebook’s association with Despicable Me brought those adorable minions closer to fans, with ardent Faceb…


Marketing
Havells Withdraws Anti-Reservation Ad Post Backlash, Should Brands Take A Stand?
Havells  Withdraws Anti-Reservation Ad Post Backlash, Should Brands Take A Stand?
We live in the strangest of times, where on one side of the debate is a poorly protected right to ‘freedom of speech and expression’, and on the other is our attitude to quotas, the reservation sys…


Marketing
Viacom18 Introduces Its VOD Platform, NDTV Is All Set To Transform The Wedding Market
Viacom18 Introduces Its VOD  Platform, NDTV Is All Set To Transform The Wedding Market
Viacom18 Introduces Its Video-on-Demand Platform Voot: Media and entertainment major Viacom18 today launched its advertising-led video-on-demand platform Voot. Voot, a 50:50 joint venture between V…



Politics
West Bengal polls: Seven candidates to contest with less than Rs 1,000 in pocket
West Bengal polls: Seven candidates to contest  with less than Rs 1,000 in pocket
At least seven candidates in the first phase of West Bengal Assembly polls own assets worth less than Rs 1,000, with one of them having zero net worth. - Firstpost


Politics
Ink thrown at former Maharashtra AG Shrihari Aney during a protest for separate state
Ink thrown at former Maharashtra AG Shrihari Aney during a  protest for separate state
Maharashtra's former Advocate General Shrihari Aney came under an ink attack on Thursday during a protest in Delhi for a separate state of Vidarbha, with the organisers claiming that an outfit championing united Maharashtra was behind it.


Politics
Why are Vijay Mallya, Lalit Modi still abroad? Rahul Gandhi asks PM Modi during Assam election meeting
Why are Vijay Mallya, Lalit Modi still abroad?  Rahul Gandhi asks PM Modi during Assam election meeting
Prime Minister Narendra Modi talked about bringing back black money from overseas, then why liquor baron Vijay Mallya and former IPL chief Lalit Modi are still abroad, Congress vice-president Rahul Gandhi asked on Thursday.


Politics
Jammu and Kashmir: Mehbooba Mufti to take oath as chief minister on 4 April
Jammu and Kashmir: Mehbooba Mufti to take oath as chief  minister on 4 April
Jammu and Kashmir has been under Governor's Rule since 8 January, after the death of Mehbooba's father Mufti Mohammed Sayeed - Firstpost



Sports
Lendl Simmons, Johnson Charles power West Indies into final; Virat Kohli’s 89* in vain
Lendl Simmons, Johnson Charles power West Indies into final; Virat  Kohli’s 89* in vain
Lendl Simmons, who joined the West Indies only after Andre Fletcher was injured in the last group match, remained unbeaten on 82.


Sports
India vs West Indies: MS Dhoni answers retirement question with his own trick question
India vs West Indies: MS Dhoni answers retirement question with his own  trick question
MS Dhoni was asked about his retirement after the India vs West Indies to which he trolled the journalist.


Sports
India vs West Indies: MS Dhoni ‘really disappointed’ with the two no-balls
India vs West Indies: MS Dhoni ‘really  disappointed’ with the two no-balls
MS Dhoni said that it became imperative for him to finish quota of Ashish Nehra and Jasprit Bumrah much before the death as that was the only way to make a game out of it.


Sports
Sultan Azlan Shah Cup, Champions Trophy will serve as Olympic preparations, says Sardar Singh
Sultan Azlan Shah Cup, Champions Trophy will serve as Olympic  preparations, says Sardar Singh
Sardar Singh said immediate aim is to win a gold in Sultan Azlan Shah Cup and to come up with a medal-winning show in the Champions Trophy.



Entertainment
Farhan Akhtar reacts to news of him being homeless
Farhan Akhtar reacts to news of him being homeless
Farhan Akhtar seems upset and angry about the recent news claiming that he is "almost homeless."


Entertainment
Experience of working on ‘Kabali’ has been great: Radhika Apte
Experience of working on ‘Kabali’ has been  great: Radhika Apte
Radhika Apte says she is having a great time working on superstar Rajinikanth-starrer "Kabali".


Entertainment
Arjun Kapoor evolving as an actor: Ranveer Singh
Arjun Kapoor evolving as an actor: Ranveer Singh
Ranveer Singh is all for his "Gunday" co-actor and good friend Arjun Kapoor, saying that the latter is "evolving" as an actor with every film.


Entertainment
New convention centre for IFFI in Goa by 2019: CM Laxmikant Parsekar
New convention centre for IFFI in Goa by 2019: CM Laxmikant  Parsekar
Goa will get a full-fledged convention centre by 2019 to host the International Film Festival of India (IFFI), Chief Minister Laxmikant Parsekar.




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