Monday, April 25, 2016

April 25, 2016 - Infosys blasted over poor servicing of Corporate Affairs Ministry portal; faces risk of losing out on full payment for the project

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Several unicorn founders are facing the tough dilemma of a dirty term sheet vs a down-round. A down-round is when investors reduce the valuation of a company compared to the last fund-raising round. A dirty term sheet is when there are terms like guaranteed IPO returns, ratchets, PIK Dividends, liquidity rights buried in the investment term-sheet. A dirty round is a lot more dangerous than a down-round because of the complexity of possibilities that could 'explode' in the future. Future investors could get spooked by dirty terms and refuse to invest. A high paper valuation on dirty terms could also mislead founders, employees and past investors on what the true worth of their shares are. Entrepreneurs are scared about employee morale when faced with a down-round. However, the alternative - a higher valuation, with dirty terms hidden in the deal might be even more dangerous - Comment


Digital
Infosys blasted over poor servicing of Corporate Affairs Ministry portal; faces risk of losing out on full payment for the project
Infosys blasted over poor  servicing of Corporate Affairs Ministry portal; faces risk of losing out on full payment for the project - News
Pressure is mounting on Infosys to get MCA project in order even as Niti Aayog CEO Amitabh Kant launched a withering attack on Infosys on Twitter.


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ShopClues
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Digital
Snapdeal-backed PepperTap shuts grocery delivery ops, lays off 150 staffs
Snapdeal-backed  PepperTap shuts grocery delivery ops, lays off 150 staffs
Nuvo has a presence in 32 cities in the country and works with e-commerce players like Snapdeal, Patym and Shopclues.


Digital
DoT amends unified license; soon dial mobile numbers from WhatsApp, Skype
DoT amends  unified license; soon dial mobile numbers from WhatsApp, Skype - The Indian Express
The move is expected to benefit operators wanting to offer VoLTE services that will help them decongest their networks in metro areas


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
Vodafone India buys Mumbai-based internet service provider You Broadband
Vodafone India  buys Mumbai-based internet service provider You Broadband
Preparing for RJio battle, the ₹400-cr deal will strengthen Vodafone's presence in wired internet space


Digital
E-commerce continues to face tax, payments, logistics hurdles: Report
The e-commerce space, which has rapidly evolved in the country, continues to fa


Digital
Delhi High Court restrains firm from using Paytm's logo
Delhi High Court restrains firm  from using Paytm's logo
Delhi High Court has restrained a firm from using any data or information derived from the sellers of Paytm and also from using its trademark.


Retail
PepperTap set to close: Another nail in the coffin for India's once-hot online grocery business
PepperTap set to close: Another  nail in the coffin for India's once-hot online grocery business - Financial Express
PepperTap will shut its operations across the country later this month following continued losses and shortage of funds to run its business.

Retail
Rising sugar prices can take away the discounts from your chocolates, biscuits and ice-cream
Rising sugar prices can take  away the discounts from your chocolates, biscuits and ice-cream - Economic Times
With Maharashtra, a key sugarcane growing state hit hard by drought, all-India sugarcane output is predicted to fall 10 per cent in 2016.

Retail

Retail
E-commerce faces tax, logistics hurdles, says CII-Deloitte report
E-commerce faces tax, logistics  hurdles, says CII-Deloitte report - Hindu Business Line
Implementation of GST will help resolve various issues concerning taxation and logistics with regard to e-commerce business, which has been recording rapid growth in the country, says a study.


Telecom
Reliance Jio awaits spectrum integration with RCom for 4G launch
Reliance Jio awaits spectrum  integration with RCom for 4G launch - Times of India
Reliance Jio said that it aims to achieve 90% population coverage before starting commercial operations and added that it’s already around the 70% mark.


Telecom
All you need to know about mobile-first publishing startup Juggernaut
All you need to  know about mobile-first publishing startup Juggernaut - Economic Times
How Chiki Sarkar and Durga Raghunath are making an audacious attempt to break new ground with their mobile-first publishing startup Juggernaut.


Telecom
7 reasons why Microsoft Windows phone is dying
7 reasons why Microsoft Windows  phone is dying - Times of India
There seems no end to Microsoft's smartphone woes. The company's marketshare in the smartphone market continues to plummet.



Finance
Economic growth is growth of Indian cities
Economic growth is growth of  Indian cities - Business Standard
The right policies could help India leverage its demographic dividend and launch hundreds of millions of people out of poverty and into the global middle class, transforming India and the region


Finance
Tata Power to raise solar energy capacity
Tata Power to raise solar  energy capacity - Livemint
The company has decided to increase the share of renewal capacity up to 30-40% by 2025, which will mostly be led by solar power


Finance
HDFC Life joins hands with Indiabulls Housing Finance for corporate agency tie up
HDFC Life joins  hands with Indiabulls Housing Finance for corporate agency tie up - Economic Times
Indiabulls Housing already provides its home loan and loan against property buyers with ‘Credit Protect Plus group policy of HDFC life.


Finance
Seven reasons why Raghuram Rajan is right
Seven reasons why Raghuram  Rajan is right - Livemint
Data from World Bank’s Development Indicators bear out the need to temper the euphoria about our GDP growth




Software
Why are global giants like Citigroup, RBS are shifting business away from Indian IT companies?
Why are global giants like  Citigroup, RBS are shifting business away from Indian IT companies? - Economic Times
Some customers feel that the cost benefit of Indian IT is starting to become less relevant and that top outsourcing vendors need to transform fast.


Software
iPhone may cost same at online or offline channels : Apple to push for uniform pricing
iPhone may  cost same at online or offline channels : Apple to push for uniform pricing
The move was triggered by flagging offline sales of iPhones and comes ahead of a proposed launch of Apples own stores in the country.


Software
More than a million people accessing Facebook through Tor ‘dark web’
More than a  million people accessing Facebook through Tor ‘dark web’
More than one million people are now connecting to Facebook through Tor "dark web" -- which maintains privacy and leaves no digital trail -- every month, media reports said on Saturday.



Ecommerce
PepperTap shuts down hyperlocal delivery operations; will continue to run its reverse logistics business; to get into other logistics services
PepperTap will continue to run its reverse logistics business and will also get into other logistics services for e-commerce firms

Ecommerce
Ecommerce players Flipkart & Myntra sign an exclusive deal with a Japanese sportswear brand Mizuno to sell its merchandise in India
"The introduction of Mizuno, an iconic name in the sportswear category will further boost interest among fitness and sports aficionados," Gunjan Soni,..

Ecommerce
Licious raises $3 million; Kaama Impex raises funds; Licious says it will use the funds for technology enhancement, marketing and consumer acquisitions
Licious says it will use the funds for technology enhancement, marketing and consumer acquisitions; Kaama Impex will use the funds to expand brand

Ecommerce
GST will smooth the way for e-commerce companies: Report
The report has recommended several measures including in the areas of direct and indirect taxes to promote this sector.



HR
Technology needed in every aspect of HR, say experts
Technology needed in every  aspect of HR, say experts - Economic Times
SHRM CEO Achal Khanna opined that while Indian companies are using technology in HR, the question is how productive they are.


HR
Applying for job in SBI? Check you credit history
Applying for job in SBI? Check  you credit history - Economic Times
If you want to apply for a job at State Bank of India (SBI), any default on loans or credit card payment will render your ineligible.


HR
Donald Trump Mocks Indian Accent To Claim India Is Stealing US Jobs
Donald Trump Mocks Indian  Accent To Claim India Is Stealing US Jobs - ScoopWhoop
However, he also says India is a great country.


HR
Are you job-ready?
Are you job-ready? - The Hindu
A common statement being made across the country is that the graduates coming out of colleges are not job-ready, and only about 25 per cent to 30 per cent are employable. However, the factors that de



Logistics
High speed Talgo trains coming to India, Railways will save Rs 1 crore per coach besides electricity
High speed Talgo trains coming  to India, Railways will save Rs 1 crore per coach besides electricity - India Today
Zee Media Bureau New Delhi: Talgo train coaches have reached Mumbai port, and soon preparations will begin for an extensive trail on Indian railway tracks.  Here is the timeline giving out how and when would the trains start plying and redefine rail travel in India: 1. The train coaches after reaching Mumbai port from Barcelona, Spain on a cargo ship, will be taken by road to Izatnagar Depot, Bareilly, in Uttar Pradesh. 2. The trial will begin in May in three phases


Logistics

Logistics
More flights to Port Blair to clear rush, on May 9,13,16,20,23,27
More flights to Port Blair to  clear rush, on May 9,13,16,20,23,27 - Times of India
Air India will operate additional flights on the Chennai-Port Blair sector on May 9, 13, 16, 20, 23 and 27 to meet demand from tourists.


Logistics
Airlines asked to help passenger fill up customs form during flight
Airlines asked to help  passenger fill up customs form during flight - Hindustan Times
All airlines operating flights from international destinations to India have been asked to help flyers fill the customs form on board.



Construction
Hyderabad’s IT zone becomes hub for illegal homes as per GHMC records
Hyderabad’s IT zone becomes hub for illegal homes as per GHMC records - ET Realty
GHMC records show that a mere 60 ‘ongoing’ illegal constructions have been demolished in the West Zone


Construction
Pune civic body eyes loans from international agencies to firm up bankable projects
Pune civic body eyes loans from  international agencies to firm up bankable projects - ET Realty
The ministry of urban development has urged Pune and other cities selected for the mission to quickly firm up bankable projects to obtain loan assista..


Construction
SPV created by UP as Lucknow strives to be on list of smart cities
SPV created by UP as Lucknow  strives to be on list of smart cities - ET Realty
Lucknow is one of the 23 cities that have submitted applications to be selected as a smart city, which is being processed on fast track mode


Construction
Call for quick action against errant builders in Pune
Call for quick action against  errant builders in Pune - ET Realty
The panchayat has put together a list of 40 projects in the district wherein builders have been found violating their commitments on multiple fronts



Marketing
The next big things a marketer must look at : Report
The next big things a marketer  must look at : Report - Forbes India
How we spend instead of how much we spend is going to be the key factor in determining the success of a brand's marketing spends


Marketing
India Handloom Brand bets on ecommerce to raise market positioning : Report
India Handloom  Brand bets on ecommerce to raise market positioning : Report - Economic Times
India Handloom Brand is drawing up new strategies that include retail and ecommerce, in a bid to raise the market positioning of handloom.


Marketing
India could be Apple's next China : Report
India could be Apple's next  China : Report - Quartz
There's upside given nearly half of Indians aren't yet familiar with the Apple brand.


Marketing
11 Global Digital Marketing Campaigns That You Should Read This Week
11 Global  Digital Marketing Campaigns That You Should Read This Week - Lighthouse insights
1. Syrian Refugees Deliver Powerful Messages on YouTube to Combat Racism in Europe: To combat prejudice, FCB Zurich worked with Refugees Welcome, a nonprofit that helps Syrian refugees find homes i…



Politics
After Gaining Entry To Inner Sanctum Of Two Temples, Trupti Desai Sets Her Sight On Haji Ali Dargah
After Gaining Entry To Inner Sanctum Of Two Temples,  Trupti Desai Sets Her Sight On Haji Ali Dargah
After her successful right-to-pray campaign, centred around the Shani Shingnapur and Trimbakeshwar temples in Maharashtra, Trupti Desai of the Bhumata Ranragini Brigade has now launched a movement to


Politics
Why The Govt Should Give Triple Talaq To The Muslim Personal Law Board
Why The Govt Should Give Triple Talaq To The Muslim Personal  Law Board
The government should give a clear secular 'talaq' to the Muslim Personal Law Board and all other laws and statutes that impose particular interpretations of religion on its citizens. Without this, it cannot claim to be completely secular.


Politics
In This Democracy, We Must Not Distrust or Suspect Dissent, or Disagree with it
In This  Democracy, We Must Not Distrust or Suspect Dissent, or Disagree with it
Born in 1938 in Rajkot, in Surashtra, Gujarat, Upendra Baxi’s legal career began at the Government Law College—where he once inadvertently complained to a librarian about BR Ambedkar’s notes in library books. He then received masters’ degrees from the University of Bombay and the University of California at Berkeley. A prolific jurist and a renowned academic, … Continue reading In This Democracy, We Must Not Distrust or Suspect Dissent, or Disagree with it


Politics
At last: Subramanian Swamy secures MP berth, gets NDA nomination to Rajya Sabha
At last: Subramanian Swamy secures MP  berth, gets NDA nomination to Rajya Sabha
Subramanian Swamy is finally about to get a berth in Parliament, as his name is expected to feature among Presidential nominations for the Rajya Sabha



Sports
Lions win despite Kohli's maiden T20 ton
Lions win despite Kohli's maiden T20 ton
Virat Kohli's maiden T20 century lifted Royal Challengers Bangalore to 180 for 2 - a total he thought was well above par - but Gujarat Lions' batsmen banded together excellently to run it down


Sports
IPL 2016, RPS v KKR: Suryakumar Yadav outshines stars; MS Dhoni in midst of worst IPL streak
IPL 2016, RPS v KKR: Suryakumar Yadav outshines stars; MS Dhoni  in midst of worst IPL streak
RPS posted a competitive 160-5, courtesy a superb 52-ball 67-run innings by opener Ajinkya Rahane. But that target wasn't enough in the end.


Sports
With no power supply at Jawaharlal Nehru Stadium, Indian GP turns into a farce
With no power supply at Jawaharlal Nehru Stadium, Indian GP turns  into a farce
Based on hand timings, four athletes appeared to have set national records and two might have qualified for the Rio Games.


Sports
IPL 2016, KXIP v MI: Slow starters Mumbai Indians take on perennial strugglers Kings XI Punjab
IPL 2016, KXIP v MI: Slow starters Mumbai Indians take on  perennial strugglers Kings XI Punjab
KXIP are bottom dwellers, with just a win from five matches. Mumbai India’s plight is only marginally better - four points from six games.



Entertainment
Fame can be suffocating: Geoerge Clooney
Fame can be suffocating: Geoerge Clooney
Geoerge Clooney says he tries to fight the suffocation of fame by using it to highlight the plight of other people.


Entertainment
Coachella turns ‘Purple’ with Prince tributes
Coachella turns ‘Purple’ with Prince  tributes
LCD Soundsystem, Ellie Goulding and Joey Badass were among the ones who paid tribute to the late music icon Prince.


Entertainment
I am terrified off my death on Game of Thrones: Sophie Turner
I am terrified off my death on Game of Thrones: Sophie  Turner
Sophie Turner is constantly "terrified" of being killed off on "Game of Thrones".


Entertainment
The Mummy reboot: Will Tom Cruise romance Bollywood actress Huma Qureshi?
The Mummy reboot: Will Tom Cruise romance Bollywood actress Huma  Qureshi?
The 29-year-old is known for her unusual roles in Bollywood films like Badlapur and Gangs Of Wasseypur.






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