Friday, May 6, 2016

May 6, 2016 - Taxi aggregator Ola twice as large as rival Uber: Truecaller report

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Facebook is either the savior or destroyer of journalism in our time. An estimated 600 million people see a news story on Facebook every week, and the social network's founder Mark Zuckerberg has been transparent about his goal to monopolize digital news distribution. Publishers see Facebook as a frenemy. They rely on traffic from it, but are nervous about losing control on their audience to the social media giant. What does Facebook think of journalists though? Not much, if you were to believe this article which interviewed a bunch of news curators at Facebook. These are the people who come up with the 'Trending News' on the right side on your Facebook feed. Yes, this work is being done by humans! That may not be the case for long though. Several of the curators felt like they were being used to produce training data for algorithms which would eventually take over their jobs. - Comment


Digital
Taxi aggregator Ola twice as large as rival Uber: Truecaller report
Taxi aggregator  Ola twice as large as rival Uber: Truecaller report - ET
In a bid to understand penetration of cab services in the country, it analysed around 2.5 billion calls made between consumers and service providers.


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Digital
IRCTC hacked? No, it's not, says IRCTC officials. Govt forms probe panel
IRCTC hacked?  No, it's not, says IRCTC officials. Govt forms probe panel
Social media was abuzz on Thursday over reports that the Indian Railway Catering and Tourism Corporation (IRCTC) website had been hacked and apprehensions that personal data of around 10 miIlion customers could have been stolen from the server of India’s biggest e-commerce player, which sees mor


Digital
Massive data breach uncovered: Millions of Google, Yahoo email accounts hacked
Massive data  breach uncovered: Millions of Google, Yahoo email accounts hacked
The discovery of 272.3 million stolen accounts included a majority of users of Mail.ru, Russias most popular email services.


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Digital
Product recommendation platform for ecom Unbxd raises Series B funding from IDG, Inventus and others
Product recommendation platform  for ecom Unbxd raises Series B funding from IDG, Inventus and others
Bangalore-based Unbxd Inc, which runs a product recommendation platform for e-commerce companies, has raised an undisclosed amount of capital in Series B funding led by existing investors IDG Ventures, Inventus Capital and Indian Angel Network (IAN). Nirvana Venture Advisors also participated


Digital
Nasscom, Facebook partner to push product development in India
Nasscom, Facebook partner to  push product development in India
With this initiative, NASSCOM plans to scale up the focus on product design and engage the young entrepreneurs into becoming problem solvers and solution builders.


Digital
Flipkart launches its map services, ties up with MapUnity
Flipkart launches its map  services, ties up with MapUnity
In Bengaluru, the agencies whose data may be integrated into this platform are BWSSB, BBMP, BESCOM, BMTC, BMRCL, Bangalore One, BMRDA, BDA, the traffic police etc.


Retail
Ram Bharat: Meet Baba Ramdev's low-profile younger brother who handles Patanjali's day-to-day operations
Ram Bharat: Meet Baba Ramdev's  low-profile younger brother who handles Patanjali's day-to-day operations - Economic Times
Bharat has worked his way up the organisation & today teams of several functions including finance, human resource, production and supply chain report to him.

Retail
Former Tata-Starbucks CEO Avani Davda joins Godrej Nature's Basket as MD
Mohit Khattar who was until now the managing director of the company will now move to a new role as Head-Retail Strategy and Branding in the company.

Retail
Kishore Biyani reboots for the digital era
Kishore Biyani reboots for the  digital era - Business Standard
As the lines between offline and online retail blur, India's retail king is tweaking his strategy to stay ahead of the competition

Retail
100% FDI allowed in online retail under new rules: Centre to Delhi High Court
100% FDI  allowed in online retail under new rules: Centre to Delhi High Court - Economic Times
The Centre today told the Delhi High Court that it has issued a press note in March this year clarifying that 100 per cent FDI through automatic route was permissible in online retails running under 'marketplace model'.


Telecom
Reliance Jio extends trial launch of 4G services to public through invite
Reliance Jio  extends trial launch of 4G services to public through invite - Economic Times
Jio has now empowered the group employees, who had got the trial SIM earlier, to bring 10 more people to the 4G network through a referral invite system.


Telecom
DoT's move could improve 3G, 4G networks in India
The DoT in a letter to telecom operators said that "shifting of carriers shall commence with effect from May 23, 2016 and be completed by June 15, 201..


Telecom

Telecom
India's Internet user base to touch 50 crore in 2016: Telecom minister
India's  Internet user base to touch 50 crore in 2016: Telecom minister - International Business Times, India Edition
Union telecom minister Ravi Shankar Prasad said smartphones are expected to make internet more accessible to people across India.



Finance
Lok Sabha passes Bankruptcy code; Will this change life for Indian banks?
Lok Sabha  passes Bankruptcy code; Will this change life for Indian banks? - Firstpost
The Lok sabha, on Thursday, passed the Bankruptcy Bill, which promises banks, which promises to enable banks faster winding up of troubled companies and recover money before the value of the underlying assets get eroded fully.


Finance
Three reasons for cheer in the venture capital market
Three reasons for cheer in the  venture capital market - Livemint
There’s still plenty to cheer despite valuation markdowns, shutdowns and investment write-offs


Finance
Lakshmi Vilas Bank may raise up to Rs 400 crore from institutional investors
Lakshmi Vilas  Bank may raise up to Rs 400 crore from institutional investors - Economic Times
"The bank will raise money through a qualified institutional placement, or a preferential route," said Managing Director Parthasarathi Mukherjee.


Finance
HDFC said to pick banks for $400 million IPO of insurance unit
HDFC said to pick banks for  $400 million IPO of insurance unit - Livemint
Citigroup, JPMorgan, Morgan Stanley and Kotak Mahindra are among banks chosen to work on a listing of HDFC Standard Life Insurance, people familiar with the matter said




Software
Apple partners with commercial software giant SAP to develop Apps for business software
Apple partners with commercial  software giant SAP to develop Apps for business software - Economic Times
Apple is partnering with SAP to develop apps that run the German company's widely used business software on smartphones and tablets.


Software
Why is YouTube planning an internet television service?
Why is YouTube planning an  internet television service?
YouTube has made a priority of creating the service, called Unplugged, which could debut as early as next year, according to the report.


Software
Public cloud services in India to reach $1.26 billion this year, says Gartner
Public cloud  services in India to reach $1.26 billion this year, says Gartner
According to the research firm, public cloud services market, which stood at $968.1 million in 2015, will reach $3.52 billion by 2020.


Software
Wipro bags multi-year deal from UK firm Thames Water
Wipro bags multi-year deal from  UK firm Thames Water
Wipro today said it has bagged a multi-year deal from the UK-based utility firm Thames Water to transform the company's customer service and retail billing capabilities.



Ecommerce
Flipkart launches its map services, ties up with MapUnity; deal expects to give it a competitive edge in terms of supply chain and logistics
Flipkart launches its map  services, ties up with MapUnity; deal expects to give it a competitive edge in terms of supply chain and logistics - Economic Times
In Bengaluru, the agencies whose data may be integrated into this platform are BWSSB, BBMP, BESCOM, BMTC, BMRCL, Bangalore One, BMRDA, BDA, the traffic police etc.

Ecommerce
Unbxd raises funds from Nirvana, IDG Ventures, others; to use the funds to improve its product, accelerate sales growth and expand team
Unbxd will use the funds to improve its product, accelerate sales growth and expand its sales and marketing team

Ecommerce
Flipkart and Snapdeal slash hiring, along with spending on discounts and advertising, as they seek to cut losses amid a sharp slowdown in sales growth
Apart from hiring a few senior leaders, both firms have reduced hiring to a trickle over the past two months

Ecommerce
E-commerce company flouting FDI norms? Vendors protest against Paytm's cashback model
E-commerce company flouting FDI  norms? Vendors protest against Paytm's cashback model - Economic Times
The department of industrial policy & promotion in response to the query raised in Twitter clarified that giving discount is a prerogative of the seller only.



HR
Apple and SAP to Develop IPhone, IPad Apps for Businesses
Apple and SAP to Develop  IPhone, IPad Apps for Businesses - Bloomberg
Apple Inc. and SAP SE are joining up to deliver software for iPhones and iPads, opening a new avenue for Apple to reach businesses at a time when sales of its mobile devices have tapered.


HR
Here's your complete preview of Friday's jobs report
Here's your complete preview of  Friday's jobs report - Businessinsider India
Reuters/Jim YoungThe Bureau of Labor Statistics will release the April jobs report on Friday.Here's what Wall Street is expecting, via Bloomberg:Nonfarm payrolls:+200,000Unemployment


HR
Variable pay for CEOs: Are Indian companies doing it the right way?
Variable pay  for CEOs: Are Indian companies doing it the right way? - Livemint
Variable pay became part of corporate culture in India only in the 1990s when economic reforms opened the doors wider for multinational firms


HR
Foxconn-backed migme Limited plans to triple its head count in India
Foxconn-backed  migme Limited plans to triple its head count in India - Economic Times
“We see India at the forefront of the new digital age and we are very excited to co me here and play a part in this,“ said Steven Goh, cofounder and CEO at migme.



Logistics
India passenger growth number 6 times higher than the US, in march 2016 itself a growth of 27.4 % has been registered
India passenger growth number 6  times higher than the US, in march 2016 itself a growth of 27.4 % has been registered - Economic Times
The gap between air passenger growth in India and other countries widen further with the country registering a growth of 27.4% during the month of March.


Logistics
Fadnavis gives a nod for water transport regulator to play a watchdog for Ferry, Ro-Ro and Cargo services
Fadnavis gives a nod for water  transport regulator to play a watchdog for Ferry, Ro-Ro and Cargo services - Times of India
Maharashtra Chief Minister Devendra Fadnavis today gave in-principle approval for setting up a Water Transport Corporation to develop jetties on the coastline which are not in good shape and decided that other jetties can be used for promoting


Logistics
Large waves ahead: Port-based 29 industrial projects to boost exports by $110 billion
Large waves ahead: Port-based  29 industrial projects to boost exports by $110 billion - Economic Times
Projects have been formulated as part of NPP for the Sagarmala programme, which is an ambitious project for port-led development of India's coastal cities.


Logistics
10m users' data reportedly stolen from Indian Railways site and sold for $225
10m users' data  reportedly stolen from Indian Railways site and sold for $225 - The Next Web
India Today reports that the IRCTC site was hacked and roughly 10 million users' details, including phone numbers and dates of birth were stolen.



Construction
Special cell for homebuyers is requested by Buyers' body to Akhilesh Yadav
The magnitude of the problem could be gauged from the fact that in Ghaziabad, Noida and Greater Noida more than 78% of around 400 projects are delayed


Construction
18-month delay for Hyderabad Metro project
S N Subrahmanyan, Deputy Managing Director and President, L&T said they are in discussions with the government on the delay and possible financial..


Construction
Assocham says Delhi-NCR has highest unsold housing inventory
Mumbai which had been witnessing an increased activity around Navi Mumbai, Thane and other suburbs, is carrying the second largest unsold inventory, f..


Construction
Godrej Properties net profit slides 65% in Q4 to Rs 18 crore
Total income for the quarter declined 26% to Rs 533 crore, the company said in its earnings release



Marketing

Marketing
Indian Railways creates Non-Fare Revenue Directorate to explore advertising in train coaches : Report
Indian Railways creates  Non-Fare Revenue Directorate to explore advertising in train coaches : Report - Jagran Josh
The decision to create a directorate was taken to increase the revenue substantially from non-tariff sources.


Marketing
What Ails Rio 2016 Games' Global Marketing Campaign? : Report
Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities


Marketing
Reliance Jio SIM are now offered to the public on an invite-only basis: Report
Reliance Jio  SIM are now offered to the public on an invite-only basis: Report - Medianama
Reliance Jio, the telecom operator with pan-India 4G spectrum, has started opening its operations to the public on an invite-only basis. Reliance Jio has distributed the invites through its employees. Each employee gets 10 invites to share with the public. The development was first reported by P



Politics
AgustaWestland Chopper Scam: Alleged Middleman Claims Modi Govt Pressurised Him To Implicate Gandhi Family
AgustaWestland Chopper Scam: Alleged Middleman Claims Modi  Govt Pressurised Him To Implicate Gandhi Family
The alleged middleman in the VVIP chopper scam, Christian Michel, has claimed that the Modi government had put pressure on him to implicate "any member of the Gandhi family" in exchange of a


Politics
Lok Sabha gives nod for insolvency and bankruptcy code
Lok Sabha gives nod for insolvency and bankruptcy code
The new Insolvency and Bankruptcy Code aims to slash the time it takes to wind up a company or recover dues from a defaulter.


Politics
West Bengal polls: A fierce battle ends but when vendetta politics will?
West Bengal polls: A fierce battle ends but when  vendetta politics will?
West Bengal’s 2016 election can be compared to the 1993 blockbuster film Muqabla, with two stereotypical cops – one good and the other bad, a police force that was paralysed into inaction, a bad guy who cannot be arrested and a heroine. The more people voted the more popular the fight or muqabla got; therefore …


Politics
West Bengal polls: Curtains fall on final phase as Central forces court flak for ‘excess’
West Bengal polls: Curtains fall on final phase  as Central forces court flak for ‘excess’
Given West Bengal's tradition of blood smeared elections, it is understandable why the Central forces may have wanted to err on the side of caution



Sports
IPL 2016, DD vs RPS: DD take risk, RPS reap rewards
IPL 2016, DD vs RPS: DD take risk, RPS reap rewards
DD were without talismanic skipper Zaheer Khan, impact players Quinton de Kock and Chris Morris, lose to RPS by 7 wickets.


Sports
IPL 2016, SRH vs GL: Hyderabad expect Yuvraj Singh to return against Gujarat
IPL 2016, SRH vs GL: Hyderabad expect Yuvraj Singh to return  against Gujarat
Starting with a string of victories, GL have hit a roadblock as they suffered defeats at the hands of KXIP and DD in last two outings.


Sports
ISL fine FC Goa Rs 11 crore, multi-season bans for owners
ISL fine FC Goa Rs 11 crore, multi-season bans for owners
ISL's Regulatory Commission has banned FC Goa owners Dattaraj Salgaocar for three seasons and Srinivas Dempo for two seasons.


Sports
Neymar left out of Brazil’s Copa America squad
Neymar left out of Brazil’s Copa America squad
Brazil's coach Dunga's squad includes seven players under the age of 23 all of whom will be eligible for the Rio games.



Entertainment
Amar Singh a friend, has right to say anything: Amitabh Bachahan
Amar Singh a friend, has right to say anything:  Amitabh Bachahan
A day after Amar Singh claimed that Amitabh Bachchan "warned" him to not accept Jaya into his party, the megastar said the politician has every right to say what he wants.


Entertainment
Bollywood Seen as Part of Russian Strategy to Woo Indian Tourists
Bollywood Seen  as Part of Russian Strategy to Woo Indian Tourists
Russia hosted nearly 32 million foreign tourists in 2014, out of which Indians accounted for around 50,000.


Entertainment
Michael Jackson is like a dad to me: The Weeknd
Michael Jackson is like a dad to me: The Weeknd
Grammy winner The Weeknd views Michael Jackson as a third parent.


Entertainment
‘Sarbjit’ not about Pakistan bashing: Randeep Hooda
‘Sarbjit’ not about Pakistan bashing: Randeep  Hooda
Randeep Hooda says his upcoming film "Sarbjit" does not show Pakistan in a bad light.






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