Tuesday, April 19, 2016

April 19, 2016 - Ola, Uber suspend surge pricing after Delhi CM threat

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
So, is your business a hedgehog or a fox? Jim Collins in his book 'Good to Great' refers to this concept to explain companies that are great vs those that are average. Every time the fox tries to attack the hedgehog, the hedgehog simply rolls into a spiky ball and drives the threat away. The fox keeps trying various tactics, but the hedgehog defence is simple and impenetrable. Great companies have an ability to understand what their 'hedgehog' factor is (the one thing they are really good at) and consistently execute their way to greatness, using their single biggest differentiator as the competitive advantage. This is especially true for startups, which are resource constrained and don't have the luxury to operate multiple strategies - Comment


Digital
Ola, Uber suspend surge pricing after Delhi CM threat
Ola, Uber suspend surge pricing  after Delhi CM threat - News
Taxi-hailing services Uber and Ola temporarily suspended extra pricing during peak hours in the Delhi-NCR region on Monday after wide criticism during traffic rationing measures in the national capital.


Announcing the Bengaluru edition of Techcircle Startup 2016; registrations open now

The Bengaluru edition of Techcircle Startup will provide a comprehensive insight on the startup ecosystem in and around Bengaluru bringing together cutting-edge and disruptive early-stage startups, current and potential investors, angels, seed funds, incubators, accelerators & mentors, along with many of India’s most active VC/PE funds.

Digital
After Zomato, Snapdeal, more Indian startups look to go trim with second round of job cuts
After Zomato, Snapdeal, more  Indian startups look to go trim with second round of job cuts - Economic Times
Employee costs at Indias leading startups account for about 35% of their overall cash-burn rates, according to industry analysts.


Digital

Advt: The Power of a Great Digital Hospitality Experience

A tsunami of game-changing digital disruptors has swept into the hospitality industry, raising the stakes in delivering the supreme guest experience. Join Chinmai Sharma, Chief Revenue Officer, Taj Hotels Resorts and Palaces, at Adobe Symposium to get insights into how Taj Hotels plan to bring alive experiences directly from each of their fantastic hotels to screens around the world with breathtaking velocity. Complimentary Registration (for TradeBriefs subscribers).

 


Digital
Unclear norms offer e-tailers loophole to give discounts
Unclear norms offer e-tailers  loophole to give discounts
Offline retailers to complain on continuing discounts


Digital
Bitcoin wallet startup Zebpay crosses Rs 100-crore turnover in just 10 months
Bitcoin wallet  startup Zebpay crosses Rs 100-crore turnover in just 10 months
Zebpay crossed Rs 100-crore turnover on April 15, according to Saurabh Agrawal, cofounder of the startup. Apart from this, Zebpay has also done sale of airtime.


Digital
CollegeDekho.com raises $2 million funding from Man Capital
CollegeDekho.com raises $2  million funding from Man Capital
The funding will be used to build robust technology, ramp up the team, increase marketing activities and on-board more colleges, the company said in a statement.


Retail
E-commerce giant Flipkart to scale down contribution of WS Retail
E-commerce giant Flipkart to  scale down contribution of WS Retail - Economic Times
WS Retail, owned by Flipkarts founders until 2012, currently dominates the platform and is said to have a share that well exceeds 25% of total sales.

Retail
Salary survey: India Inc to hire more; Delhi dethrones Bangalore, says TeamLease
Salary survey:  India Inc to hire more; Delhi dethrones Bangalore, says TeamLease - Financial Express
India Inc salary survey: According to the TeamLease report Delhi seems to have dethroned Bangalore as the top paying city. Delhi tops the growth chart in 6 of the 15 industries.

Retail
LeEco seeks FIPB nod for opening single-brand retail stores in India
LeEco seeks  FIPB nod for opening single-brand retail stores in India - Daily News & Analysis
- We plan to significantly invest in setting up our business model in India: LeEco.

Retail
Monte Carlo Fashions to open 20 exclusive brand stores
Monte Carlo Fashions to open 20  exclusive brand stores - Hindu Business Line
Branded apparel retailer for men, women and children, Monte Carlo Fashions is i


Telecom
Bay of Bengal internet gateway now live; RJio to use it for broadband
Bay of Bengal  internet gateway now live; RJio to use it for broadband - MediaNama.com
An 8,100 km submarine cable system owned by The Bay of Bengal Gateway (BBG) consortium is now live to handle bandwidth demand across its landing points in 6 countries. The new gateway has landing points in Fujairah (UAE), Barka (Oman), Mumbai (India), Colombo (Sri Lanka), Chennai (India), Mt Lav


Telecom
3G, 4G network build up will give a strong business opportunity this year: Sandeep Girotra, Nokia India head
The integration of Nokia and Alcatel Lucent will have “minimal” impact on the combined group’s India operations, said its India head, Sandeep Girotra. In an interview with ET, Girotra said the merged entity’s focus on network build up for 4G and 3G technologies will give it a strong business opportunity this year

 


Telecom
Will WhatsApp's new encryption policy make its use illegal in India?
The encryption battle continues as WhatsApp joined the encryption wagon and showed that they support the cause of user privacy.

 


Telecom
Chinese investors like Tencent,Cheetah Mobile and Baidu looks for funding India's internet companies
Chinese investors like  Tencent,Cheetah Mobile and Baidu looks for funding India's internet companies - Economic Times
Chinese conglomerate Fosun Group; Shunwei Capital Partners, the venture capital firm led by smartphone maker Xiaomis founder Lei Jun.



Finance
Tough times ahead for India's start-ups
Tough times ahead for  India's start-ups - Livemint
Indian startups bracing for another year of drastic belt-tightening are expected to lay off hundreds more this year, bowing to pressure from investors to trim flab and restructure operations.


Finance
Payments banks do not have a viable business model: SBI chief Arundhati Bhattacharya
Payments banks do not have a  viable business model: SBI chief Arundhati Bhattacharya - Economic Times
Small and payments banks have not yet devised a business model which can be termed viable, SBI Chairperson Arundhati Bhattacharya said today.


Finance
Will Lafarge’s India divestment plan get derailed again?
Will Lafarge’s India  divestment plan get derailed again? - Livemint
This time, the challenge has come from rival firms questioning the process followed by the Competition Commission of India


Finance
Liberalisation had negative impact on Indian economy: Prakash Karat
Liberalisation  had negative impact on Indian economy: Prakash Karat - Economic Times
"Our industry, agriculture and finance sectors have been facing crisis with the implementation of liberalisation for the past two and a half decades," Karat said.




Software
Snapdeal partners with IIT Delhi to make SmartCanes for India’s visually impaired
The device is an advanced version of the white cane used by visually impaired people.

 


Software
TCS promises 8-12% salary hike for its employees in FY17
TCS promises 8-12% salary hike  for its employees in FY17
Tata Consultancy Services, Indias largest IT services company, said salaries of employees in India would rise between 8% and 12% in FY17.


Software
Nasscom, Symantec launch courses to address cybersecurity skill gap
Nasscom,  Symantec launch courses to address cybersecurity skill gap
They also launched qualification packs, developed in consultation with organizations in sectors such as IT/ITeS, financial services and consultancy advisory services.


Software
Cybersecurity is a $35 billion opportunity and will help to create 1 million jobs, says Nasscom
Cybersecurity is a $35 billion  opportunity and will help to create 1 million jobs, says Nasscom
Increasing incidents of cyber attacks and data protection efforts globally are expected to create $35 billion revenue opportunity and employment opportunities for about a million professionals by 2025 for India, IT industry body Nasscom said.



Ecommerce
Jaipur-based Hyperlocal fashion commerce portal Yufta raises an undisclosed amount of money in pre-Series A round of funding
Jaipur-based Hyperlocal fashion  commerce portal Yufta raises an undisclosed amount of money in pre-Series A round of funding - knowstartup (press release)
knowstartup (press release)
knowstartup (press release)Hyperlocal fashion commerce portal Yufta, a Jaipur headquartered owned and run by RKT LIFESTYLE PVT LTD has raised an undisclosed amount of money in pre-Series A round of funding from Ajay Data of Data Infosys Ltd, and a group of Mumbai and 

Ecommerce
Snapdeal partners IIT Delhi and Phoenix Medical Solutions to sell 'SmartCane' online, priced at Rs. 3,500
Snapdeal partners IIT Delhi and  Phoenix Medical Solutions to sell 'SmartCane' online, priced at Rs. 3,500 - Economic Times
Snapdeal today said it has partnered IIT Delhi and Phoenix Medical Solutions to sell 'SmartCane' online, priced at Rs 3,500.

Ecommerce
CollegeDekho raises $2 million; will use the funding to invest in technology, and in hiring and marketing activities
CollegeDekho will use the funding to invest in technology, and in hiring and marketing activities

Ecommerce
How ad tech startup Kratos is helping advertisers tap mobile user base
In a little over two years Kratos has served more than 80 clients. It also saw a revenue of Rs 5 crore in its first year of operation.


Franchise
What you need to observe in existing franchises to determine if the franchise system is right for you
What you need to observe in  existing franchises to determine if the franchise system is right for you - Franchise Gator
When evaluating a franchise, one aspect on which to focus is whether the franchise provides exceptional service to its customers.


Franchise
In what ways can you have fun as a franchise owner?
In what ways can you have fun  as a franchise owner? - Franchise Direct
Let's face it, owning a business of any kind has its challenges. But it also be a lot of fun. In this post, The Franchise King explores 5 sources of fun in franchise ownership.



HR
India Inc will offer more jobs, but lower increments this year: report
India Inc will  offer more jobs, but lower increments this year: report - The Hindu
“With job market showing signs of maturity, industries are getting smarter at rewarding,” says the TeamLease Jobs & Salaries Primer Report, 2016-2017, adding that unlike last year, double digit salary


HR
TCS gives hike of 8-12% to its employees; offers 45000 jobs to freshers in 2016
TCS gives hike  of 8-12% to its employees; offers 45000 jobs to freshers in 2016 - Daily News Analysis
TCS gives hike of 8-12% to its employees; offers 45,000 jobs to freshers in 2016 - TCS Executive vice president attributed this to falling attrition rates over the past few quarters.


HR
No job cuts for Intel businesses in India: Top executive
No job cuts for Intel  businesses in India: Top executive - Hindustan Times
After announcing the departure of its two top executives last week, Intel was reportedly preparing to cut thousands of jobs across its business units by the year-end, media reports had said.


HR
Blue revolution: India to create 20 million jobs, says Nitin Gadkari
Blue  revolution: India to create 20 million jobs, says Nitin Gadkari - Daily News Analysis
Blue revolution: India to create 20 million jobs, says Nitin Gadkari - India is on the brink of a 'blue revolution, says Gadkari.



Logistics
Relief for cartel of 3 airlines, Jet Airways, SpceJet and IndiGo in 'freight overcharging' case of Rs 258 crore, was set aside by the Appelate Tribunal
Relief for cartel of 3  airlines, Jet Airways, SpceJet and IndiGo in 'freight overcharging' case of Rs 258 crore, was set aside by the Appelate Tribunal - Times of  India
The case has been sent back to the CCI, which will continue to investigate suspected cartelization by the airlines in fixing fuel charges


Logistics
Zurich AG sells its 12 percent stake in Bengaluru International Airport for $ 48.9 million, this fiurther consolidates Watsa's stake in the airport
Zurich AG sells its 12 percent  stake in Bengaluru International Airport for $ 48.9 million, this fiurther consolidates Watsa's stake in the airport - Times of India
Zurich Airport has reached an agreement to sell its 5 per cent minority shareholding in Bangalore International Airport (BIAL) to Fairfax Financial Holdings Ltd for USD 48.9 million before taxes.


Logistics
IDBI loan case: Kingfisher Airlines counters ED's charges in court of Malya siphoning off Inr 430 cr of the IDBI loan to acquire property abroad
IDBI loan case: Kingfisher  Airlines counters ED's charges in court of Malya siphoning off Inr 430 cr of the IDBI loan to acquire property abroad - Times of India
Kingfisher Airlines terms ED's charges against Vijay Mallya as false, incorrect - Kingfisher Airlines countered the Enforcement Directorate's charges against Mallya that he had siphoned off Rs 430 crore of IDBI loans to acquire property abroad


Logistics
AirAsia announces air fares starting at Rs 999 for flights across India for travel from Oct 1st 2016 to May 22nd 2017
AirAsia announces air fares  starting at Rs 999 for flights across India for travel from Oct 1st 2016 to May 22nd 2017 - Daily News Analysis
AirAsia announces air fares starting at Rs 999 for flights across India - AirAsia India announces fares starting at Rs 999 to destinations all over India



Construction
Realty firm Gaursons faces residents' heat for Noida township
Realty firm Gaursons faces  residents' heat for Noida township - ET Realty
In a meeting held on Sunday with Gaursons MD Manoj Gaur, residents of a society in the 'Gaur City' township complained about the maintenance of the pr..


Construction
Essar's realty arm Equinox to clear Rs 1,400 crore debt with asset sale funds
Essar's  realty arm Equinox to clear Rs 1,400 crore debt with asset sale funds - ET Realty
But the group isn't exiting real estate business, a top Essar executive told ET, dousing rumours stirred up by the recent deals to sell the properties


Construction
Road map for construction of highways in 12 hill states is being chalked by Govt
Road map for  construction of highways in 12 hill states is being chalked by Govt - ET Realty
Officials said the highest number of highway kilometres will be awarded in Arunachal Pradesh, followed by J&K, Mizoram, Himachal Pradesh and Manip..


Construction
Nagpur civic body to reduce building plan premium
Nagpur civic body to reduce  building plan premium - ET Realty
The NMC town planning department was actually supposed to reduce the premium charges 10 months ago but did not do so



Marketing
How to manufacture a Twitter trend : Report
How to manufacture a Twitter  trend : Report - Livemint
A look inside the world of orchestrating a trend on Twitter and everything that’s wrong with it in India


Marketing
Facebook Ads See Strong Engagement in India and Southeast Asia : Report
Facebook Ads  See Strong Engagement in India and Southeast Asia : Report - eMarketer
Data documenting Facebook ad performance in Asia-Pacific sheds light into the key markets helping drive the company’s fortunes in the region. According to research from Nanigans, India and the countries of Southeast Asia delivered some of the strongest results.


Marketing
Nestle ups marketing spends to Rs 525 crore : FY-2015
Nestle ups marketing spends to  Rs 525 crore : FY-2015 - Indiantelevision.com
BENGALURU: That the Maggi fiasco was going to cost Nestle India Limited (Nestle India) dear was a given. Post the relaunch of one of the most staple dishes of modern India, the company had to follow up with a massive damage control and marketing push. Not only has the company had to pay more towards marketing, for the first timein this century, it has reported a drop in revenues. Also for the first time in this century, profit margin in terms of profit after tax (PAT) as percentage of total revenue from operations (TIO) has slipped down to a single digit. | FY-2015: Nestle ups marketing spends to Rs 525 crore | Indian Television Dot Com


Marketing
Airbnb focuses on India's growing travel market
Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities



Politics
Pankaja Munde Is Getting A Lot Of Hate Online For These 'Drought Selfies' In Parched Latur
Pankaja Munde Is Getting A Lot Of Hate Online For These  'Drought Selfies' In Parched Latur
Pankaja Munde, Maharashtra's Minister for Rural Development and Water Conservation, has been accused of "gross insensitivity" after she posted a series of selfies on Twitter clicked in Latur


Politics
Here's Why India Shouldn't Stake A Claim To The Kohinoor
Here's Why India Shouldn't Stake A Claim To The Kohinoor
The Government on Monday told the Supreme Court that India should not stake a claim to the famed Kohinoor diamond as 'it was neither stolen nor forcibly taken away.' Solicitor General Ranjit Kumar,


Politics
Jat Policemen Deserted Posts, Backed Protestors, During Violent Agitation In Haryana: Report
Jat Policemen Deserted Posts, Backed Protestors, During  Violent Agitation In Haryana: Report
NEW DELHI -- Hundreds of policemen deserted their posts during the violent Jat agitation, which paralyzed Haryana, and spilled into its neighboring states in February. Most of those who either des


Politics
Non-Bailable Arrest Warrant Against Vijay Mallya In IDBI Fraud Case
Non-Bailable Arrest Warrant Against Vijay Mallya In IDBI  Fraud Case
In more trouble for liquor baron Vijay Mallya, an arrest warrant was today issued against him by a special court in connection with the money laundering probe in the over Rs 900-crore IDBI loan fraud



Sports
IPL 2016, SRH vs MI: In David vs Goliath, Warner makes difference
IPL 2016, SRH vs MI: In David vs Goliath, Warner makes  difference
David Warner strikes an unbeaten 90 off 59 balls to lead SRH to an emphatic seven-wicket win over defending champions MI.


Sports
Dipa Karmakar vaults into history books after qualifying for Olympics
Dipa Karmakar vaults into history books after qualifying for  Olympics
Dipa Karmakar clinches Rio 2016 berth, becomes the first Indian woman gymnast to qualify for the Olympic games.


Sports
IPL 2016, KXIP vs KKR: Resurgent KXIP seek home comfort against KKR
IPL 2016, KXIP vs KKR: Resurgent KXIP seek home comfort against  KKR
Kings XI Punjab will like to continue their winning form at home ground when they host KKR on Tuesday in Mohali.


Sports
Novak Djokovic walks away with Laureus World Sportsman of the Year award
Novak Djokovic walks away with Laureus World Sportsman of  the Year award
Novak Djokovic walked away with the award after clinching three Grand Slams – Australian, Wimbledon and US Open – last year.



Entertainment
Will Ferrell to star in Universal Studios’ action comedy
Will Ferrell to star in Universal Studios’ action  comedy
Will Ferrell is set to star in and produce action comedy for Universal Studios.


Entertainment
Vikram’s ‘Irumugan’ targeting July release, watch film’s first teaser
Vikram’s ‘Irumugan’ targeting July release,  watch film’s first teaser
The makers of Vikram-starrer Tamil thriller "Irumugan", are planning to release the film this July, provided everything goes as planned.


Entertainment
Kangana Ranaut to play comedian in Rajkumar Hirani’s next
Kangana Ranaut to play comedian in Rajkumar Hirani’s next
Kangana Ranaut says she is in talks with the director for another project in which she will play a comedian.


Entertainment
Sasikumar has reserved his best for ‘Vetrivel’: Director Vasanthamani
Sasikumar has reserved his best for ‘Vetrivel’:  Director Vasanthamani
Vasanthamani says audiences will get to see M. Sasikumar's best performance in the forthcoming Tamil rural drama "Vetrivel".






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