Monday, May 16, 2016

May 16, 2016 - Paytm appoints two Citibank execs -- Ruchita Taneja Aggarwal as head of banking operations, and Priya Karnik as head of product development for banking operations

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Blog
Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
This article is an eye-opener on extreme poverty in the US. There are over a million American families that earn less than $2 a day. They have little to no cash income and survive on food stamps, private charity and plasma sales (which leaves them physically debilitated). They are not on drugs or mentally challenged, just families where members have been left out of the capitalist success that many others enjoy. Many are uneducated and are at the back of the low-wage job queue, some jobs that render them unfit through physical hardship, creating a vicious cycle of sorts - Comment


Digital
Paytm appoints two Citibank execs -- Ruchita Taneja Aggarwal as head of banking operations, and Priya Karnik as head of product development for banking operations
Paytm appoints two Citibank  execs -- Ruchita Taneja Aggarwal as head of banking operations, and Priya Karnik as head of product development for banking operations - News
The payments bank first appointed CEO Shinjini Kumar from research and consultancy firm PricewaterhouseCoopers (PwC) in February, followed by Vikas Purohit from Amazon.


Digital
BlackBerry denied Indian patent for digital signature invention
BlackBerry denied Indian patent  for digital signature invention - Financial Express
BlackBerry submitted that the present invention was directed to a system and method for efficient verification of digital signatures


Digital
Government to hold consultations with IT services industry, ISPs and academia on internet standards
Government to hold  consultations with IT services industry, ISPs and academia on internet standards
Officials said the workshop aims to identify the areas where the private sector and academia can work together to engage better with Icann.


Outlook Business Smart Enterprise 2016 - May 17, Hotel St. Regis, Mumbai

A unique one-day event that will bring together all stakeholders on a single platform to deliberate over how India can harness the true potential of its SMEs. Register Now

Digital
Harleys, Ducatis, Kawasakis on rent! Uber ties up with Bangalore-based Wicked Ride to offer premium motorcycles on rent
Harleys, Ducatis, Kawasakis on  rent! Uber ties up with Bangalore-based Wicked Ride to offer premium motorcycles on rent
Following the earlier disruption of its Uber Moto services, Uber will offer the ‘Uber Wicked Ride service through its dashboard during limited windows in different cities.


Digital
Edutech startup Smartivity raises Rs 6.6 crore funding
Edutech startup Smartivity  raises Rs 6.6 crore funding
The round also saw participation from Singapore-based fund CFG Offshore Holdings, Silicon Valley-based fund Tandem Capital and a clutch of angel investors.


Digital
Infosys veteran Subrahmanyam Goparaju joins California-based LeaderAmp's board
Infosys veteran  Subrahmanyam Goparaju joins California-based LeaderAmp's board
With an experience of over 25 years in IT consulting, solution delivery and customer management roles, Goparaju is expected to bring about a difference in leader development.


Retail
Mother Dairy eyes Rs10,000 crore turnover in 3 years
Mother Dairy, which supplies about 30 lakh litres of milk in the national capital region has posted a turnover of `7,186 crore during last fiscal

Retail
Mukesh Ambani's Reliance Jio Infocomm's LYF mobile: A whopping $1 billion brand?
Mukesh Ambani's Reliance Jio  Infocomm's LYF mobile: A whopping $1 billion brand? - Financial Express
Mukesh Ambani's Reliance Jio Infocomm's LYF smartphone: A whopping $1 bn brand? : The LYF smartphones are available in the price range of Rs 4,799-19,499 per unit. But how big can it get, that is the question on many people's minds. Here is a peek at the potential

Retail

Retail
AskMe Grocery targets Rs 1800 crore GMV by March
AskMe Grocery targets Rs 1800  crore GMV by March - Economic Times
AskMe Grocery has a presence in 38 cities (as on February, 2016) and plans to expand to 45 more cities including some tier-II towns, in the next 3-6 months.


Telecom
4G in India: Everything you need to know
4G in India: Everything you  need to know - Android Central
While 4G has been rolling out in India since 2012, the segment will see its largest expansion this year. Reliance Jio is set to debut its long-awaited service, while Airtel, Idea, and Vodafone are aggressively expanding into more cities. Here's what you need to know about the state of 4G in India.


Telecom
5 reasons why the internet still sucks
5 reasons why the internet  still sucks - The Next Web
Despite massive technological advances since the days of dial up, we’re still grappling with slow page response, timeouts, and networking delays. Why?


Telecom
WhatsApp video calling appears in 'latest update'
WhatsApp video calling appears  in 'latest update' - Times of India
Whatsapp Messenger has hinted towards update of Video Calling feature in the app. The option to video call has already been provided in the Messenger app for Android for beta testers in the 2.16.80 version.


Telecom
Cell towers keep bylaws off network
Cell towers keep bylaws off  network - Times of India
The issue of illegal mobile towers is holding up the adoption of the new Unified Building Bylaws by the Delhi government and the municipal corporations. However, the union ministry of urban development (MoUD), which approved the bylaws and notified them in March, was amenable to changes being made in the rules to address the matter of lawful erection of mobile towers.



Finance
How to kill a bank in India
How to kill a bank in India -  Livemint
The story of IDBI Bank: from struggles to become a bank and competition from public-turned-private peers to calls for privatization and an identity crisis today


Finance
A lot of midcap companies have surprised on earnings growth: Big Bull Jhunjhunwala
A lot of midcap  companies have surprised on earnings growth: Big Bull Jhunjhunwala - Economic Times
"Once Indian cos get volume, you will be surprised at the growth in earnings . Wherever there is volume growth, there is a disproportionate growth in profits."


Finance
As funding slows, start-ups turn to investment banks
As funding slows, start-ups  turn to investment banks - Livemint
Most of the aggressive investors have either gone slow or have exited the market, prompting start-ups to reach a wider network of investors through bankers


Finance
Narendra Modi govt eases red tape but foreign firms still struggle
Narendra Modi govt eases red  tape but foreign firms still struggle - Livemint
Despite statements made by PM Modi and other senior Indian officials there has been limited progress in many key areas that make it challenging to do business in India, an industry group says




Software
Infosys enters the new era of remuneration : Vishal Sikka kicks in big salary spikes
Infosys enters the new era of  remuneration : Vishal Sikka kicks in big salary spikes - Times of India
Infosys has entered a new era of remuneration for senior leadership after promoters hung up their boots to make way for a professional CEO.


Software
Smartphone chipmaker MediaTek expects India to account for 10% of global shipments
Smartphone  chipmaker MediaTek expects India to account for 10% of global shipments
The Taiwanese firm's chipsets will also power over 25 models of 4G VoLTE (voice-over-LTE) handsets in the coming months in India.


Software
Amazon releases programmable Dash button for IoT
Amazon releases programmable  Dash button for IoT
The AWS IoT (Amazon Web Services Internet of Things) button will allow products from more than 100 brands to be ordered with a single tap.



Ecommerce
ShopClues and GoDaddy enter into a strategic partnership to help all merchants on the platform build their own ecommerce websites
Under this initiative, merchants can choose the website as per their business, link it to the ShopClues portal, and access the company’s technology.

Ecommerce
Wow Express raises Rs 15 crore (around $2.2 million) in a pre-Series A round of funding led by a group of unnamed US-based investors
Wow Express raises Rs 15 crore  (around $2.2 million) in a pre-Series A round of funding led by a group of unnamed US-based investors - VCCircle
Mumbai-based e-commerce logistics startup Wow Express, which is run by JMS Logistics and Express Pvt. Ltd, has raised Rs 15 crore (around $2.2 million) in a pre-Series A round of funding led by a group of unnamed US-based investors, it said in a statement. Existing investor Tamarind Family Private Trust, the investment trust of the Mansukhani Family which is a co-promoter of consumer electronics maker Onida, also participated in the round. The firm will use the funds for geographical expansion and technology enhancement.

Ecommerce
Amazon India's growth threatens to unsettle ecommerce firms like Flipkart and Snapdeal
Amazon India's growth threatens  to unsettle ecommerce firms like Flipkart and Snapdeal - Economic Times
ET reported on April 28 that Amazon India was the only major online marketplace to register an increase in unit market share in March.

Ecommerce
Paytm appoints 2 Citi executives as head of banking operations and head of product development for banking operations
The payments bank first appointed CEO Shinjini Kumar from research and consultancy firm PricewaterhouseCoopers (PwC) in February, followed by Vikas Pu..



HR
Cut flab in Army, but not in a rush
Cut flab in Army, but not in a  rush - Deccan Chronicle
It is assumed that military modernisation is inducting high tech weapons.


HR
5000 jobs affected by diesel vehicles ban in Delhi-NCR, says industry body Siam
5000 jobs  affected by diesel vehicles ban in Delhi-NCR, says industry body Siam - The Indian Express
The banned stocks had to be transferred to non-NCR dealers for disposal, it said.


HR
Interview with Environment Minister Prakash Javadekar: 'No wholesale changes to green laws, focus on strict compliance'
Interview with Environment  Minister Prakash Javadekar: 'No wholesale changes to green laws, focus on strict compliance' - The Indian Express
Says govt working on Civil Penalties, CAMPA laws; no plan to demarcate ‘Go/No-Go’ forest areas.



Logistics
Indian Railways planning to lay tracks at 7.7 kilometers per day, 4,800 km of broadgauge line comissioned
Indian Railways planning to lay  tracks at 7.7 kilometers per day, 4,800 km of broadgauge line comissioned - The Indian Express
V K Gupta, member engineering (ME) of Railway Board said that railways have adopted innovative techniques in the last two years which resulted in savings of hundreds of crores.


Logistics
Pune airport expansion to take off soon, an additional of 15.84 acres sanctioned, will increase capacity from 126 aircraft currently
Pune airport expansion to take  off soon, an additional of 15.84 acres sanctioned, will increase capacity from 126 aircraft currently - Times of India
Defence Minister Manohar Parrikar on Sunday said the Indian Air Force (IAF) will give 15 acres of additional land to the Airports Authority of India (AAI) for the expansion of city-based Lohegaon airport.


Logistics
Ethiopian Airlines plans to expand operations in India
Ethiopian Airlines plans to  expand operations in India - Economic Times
The incident happened on Friday night, when the woman, who had booked a flight for Thursday, couldn't board it since it had got cancelled.


Logistics
Now, high-end SUVs on Sino-India border to transport troopers of the Indo Tibetan Border Police (ITBP)
Now, high-end SUVs on  Sino-India border to transport troopers of the Indo Tibetan Border Police (ITBP) - Hindustan Times
The interiors of the SUVs, a senior official said, have been slightly modified to fix radio communication sets and to seat 6-7 troops with their firea..



Construction
Smartest city Bhubaneswar to develop App for citizens
Smartest city Bhubaneswar to  develop App for citizens - ET Realty
With the city inching closer to becoming the smartest city in reality, the Bhubaneswar Development Authority (BDA) is making ‘smart’ moves to prov..


Construction
Buyers of Amrapali's Crescent Homes stage protest over flat delay grows in twin cities of Noida Gr Noida
Buyers of Amrapali's Crescent  Homes stage protest over flat delay grows in twin cities of Noida  Gr Noida - ET Realty
In Noida, buyers of Amrapali's Crescent Homes, staged a demonstration and assembled at the office of Amrapali while in Greater Noida, buyers of Sushan..


Construction
Gujarat govt brings out circular for voluntary donation of private land in tribal areas
Gujarat govt brings out  circular for voluntary donation of private land in tribal areas - ET Realty
In return for a "no compensation" deal, the government will put up the donors name on a plaque on the donated property site. The notification was brou..


Construction
Govt seeks report from DDA for Delhi's Nehru Place mess
Govt seeks report from DDA for  Delhi's Nehru Place mess - ET Realty
On Saturday, a team of DDA and South Corporation officials carried out an inspection of the market to assess its condition.DDA officials admitted that..



Marketing
Brezza, Baleno Help Maruti Suzuki Inch Towards 50% Market Share : India report
Brezza, Baleno  Help Maruti Suzuki Inch Towards 50% Market Share : India report - News18
Maruti Suzuki India closed last fiscal with a seven-year high market share of 46.8 per cent.


Marketing
Content Marketing Trends in 2016 : What We've Seen So Far
In 2015, I wrote an article on Business 2 Community about Content Marketing trends in 2015 and what we saw that changed the content marketing industry at the time.

 


Marketing
Saving today's youngsters from advertising sharks : Report
Saving today's youngsters from  advertising sharks : Report - Times of India
I was watching news on TV when this hideous, concealed advertisement of a beer featuring a bunch of indiscreet, over exuberant youngsters making out on a beach put me off.


Marketing
Storyboarding India: Nawabs, Nudes, Noodles is an epic journey through 50 years of ads
Storyboarding India: Nawabs,  Nudes, Noodles is an epic journey through 50 years of ads - Catch News
Ambi Parameswaran's 'Nawabs, Nudes, Noodles' gives a peek into India through 50 years of advertising



Politics
#PoMoneModi should remind the PM that states don’t like being belittled, compared to Gujarat
#PoMoneModi should remind the PM that states don’t  like being belittled, compared to Gujarat
The ferocity of the #PoMoneModi campaign on Twitter should ideally remind the Prime Minister of a flaw in his tactics.


Politics
Malegaon blast: Congress accuses the PMO of interfering with the investigation
Malegaon blast: Congress accuses the PMO of interfering with  the investigation
The Congress accused the PMO of interfering in the 2008 Malegaon blast case to give "clean chits" to accused people with RSS-BJP background


Politics
The Aakar Patel column: Don’t blame the Indian state for “black” economy, blame yourself
The Aakar Patel column: Don’t blame the  Indian state for “black” economy, blame yourself
We will continue to have a large 'black' economy, as long as other Indians don't pay tax. Our behaviour has to change if we are to make our country great


Politics
Maha jungle raj in Bihar? Yes, but other states aren’t models of mangal raj either
Maha jungle raj in Bihar? Yes, but other states  aren’t models of mangal raj either
It would be silly to argue that the recent crimes in Bihar are not a cause for concern. If a young boy is killed allegedly for overtaking the vehicle of a JD(U) politician, when a journalist is shot dead in Siwan, rival politicians are attacked and killed, something must be really rotten in the state.



Sports
MI vs DD, IPL 2016: Krunal Pandya’s all-round heroics gives MI lifeline
MI vs DD, IPL 2016: Krunal Pandya’s all-round heroics  gives MI lifeline
Krunal Pandya’s whirlwind knock and incisive bowling give Mumbai Indians a massive 84-run win over Delhi Daredevils.


Sports
IPL 2016, KXIP vs SRH: SRH through to playoffs after Yuvraj Singh beats Kings XI Punjab
IPL 2016, KXIP vs SRH: SRH through to playoffs after Yuvraj Singh  beats Kings XI Punjab
Chasing 180 for win, David Warner scored 52 while Yuvraj Singh made an unbeaten 42 as SRH reached the target with two balls to spare.


Sports
17 Cancer Survivor Kids Meet Yuvraj: ‘As cancer survivor and cricketer, Yuvraj sir has inspired me’
17 Cancer Survivor Kids Meet Yuvraj: ‘As cancer survivor  and cricketer, Yuvraj sir has inspired me’
The youngsters, who had undergone treatment at Rajiv Gandhi Cancer Hospital, had come to watch the match through an association with Yuvraj’s cancer foundation YouWeCan.


Sports
Max Verstappen wins Spanish GP to become youngest F1 winner
Max Verstappen wins Spanish GP to become youngest F1 winner
Max Verstappen, only 18 and debuting for Red Bull after being promoted from Toro Rosso a week earlier, beat Kimi Raikkonen in second.



Entertainment
Alicia Vikander, Michael Fassbender feature in Light Between Oceans trailer
Alicia Vikander, Michael Fassbender  feature in Light Between Oceans trailer
Trailer of upcoming romantic-tragedy film "The Light Between Oceans", starring Alicia Vikander and Michael Fassbender, has been released.


Entertainment
Natalie Portman won’t return for Thor: Ragnarok
Natalie Portman won’t return for Thor: Ragnarok
Natalie Portman is not coming back for "Thor: Ragnarok."


Entertainment
Meet the little star: Pune girl enjoys the spotlight as The Silence makes noise at the Cannes
Meet the little star: Pune girl enjoys the spotlight as The  Silence makes noise at the Cannes
Eleven-year-old Vedashree is making a debut in the world of films with Marathi film, The Silence, which deals with the subject of child abuse.


Entertainment
Red Hot Chili Peppers’ frontman Anthony Kiedis hospitalized
Red Hot Chili Peppers’ frontman Anthony Kiedis  hospitalized
Anthony Kiedis was taken to an area hospital hours before a headlining gig.






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