Thursday, June 2, 2016

June 2, 2016 - Kishore Biyani attempts a Zara with Cover Story

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Blog
Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
This is one of those 'Why this is not viral yet?' stories. Based on a 'Freedom of Information Act' request by Bloomberg, the US treasury recently broke the news that Saudi Arabia holds $117 billion in US government debt. The story starts 42 years earlier in July 1974 though, when president Nixon sent treasury secretary William Simon to Saudi Arabia with an unprecedented do-or-die plan that would come to influence just about every aspect of U.S.-Saudi relations over the next four decades. The goal: neutralize crude oil as an economic weapon and find a way to persuade a hostile kingdom to finance America's widening deficit with its newfound petrodollar wealth. Now, looking forward, with oil still much lower than its $100 highs, what direction will Saudi-US relations take? What's your take? Full story and Comments here


Retail
Kishore Biyani attempts a Zara with Cover Story
Cover Story, a fast fashion brand by Kishore Biyani’s Future Style Lab, opens its first standalone store in Infiniti mall in Mumbai

Retail
Apple stores in India: The final word is yet to be said
Ravi Shankar Prasad says he wishes to share Apple CEO Tim Cook’s exuberance about India

Retail

Retail
OLX plans logistics service to complement its classifieds operations
OLX may also facilitate payments on its platform in the days to come

Retail
Yu's new phone Yunicorn to be available in offline market in July
Yu's new phone  Yunicorn to be available in offline market in July - Economic Times
The new mobile phone, launched Tuesday and priced at Rs 12,999, will be available only on Flipkart, Indias largest online retailer, for a month through the flash-sale model starting June 7.

Retail
Muthoot Group opens gold recycling centre in Vijayawada
Muthoot Group opens gold  recycling centre in Vijayawada - Business Standard
Muthoot Exim Pvt Ltd, precious metals division of Muthoot Pappachan Group opened its gold recycling centre in Vijayawada today and plans to set up nine more such facilities by the next fiscal. Keyur Shah, CEO, Muthoot Precious Metals Division,

Sports
French Open: Sania Mirza in mixed quarters as Leander Paes, Rohan Bopanna ousted
French Open: Sania Mirza in mixed quarters as Leander Paes,  Rohan Bopanna ousted
Rohan Bopanna and Florin Mergea went down 4-6 4-6 to third seeds Ivan Dodig of Croatia and Marcelo Melo of Brazil.


Sports
Ind vs Pak: ICC admits it tweaks draws to ensure archrivals clash in group matches
Ind vs Pak: ICC admits it tweaks draws to ensure archrivals  clash in group matches
The ICC chief executive denied that the India-Pakistan tweaking had a negative impact on the integrity or fairness of the tournament.


Sports
Novak Djokovic enters $100 million dollar club with win
Novak Djokovic enters $100 million dollar club with win
Top seed Djokovic defeated 14th seeded Bautista Agut 3-6, 6-4, 6-1, 7-5 to move into a 28th consecutive Grand Slam quarter-final and 36th in all.


Sports
Karim Benzema accuses Didier Deschamps of bowing to racist pressure
Karim Benzema accuses Didier Deschamps of bowing to racist  pressure
Karim Benzema said he does not believe that Deschamps is a racist, but that he "bowed to the pressure of a racist part of France.''



Entertainment
Stevie Wonder praises Beyonce for Lemonade
Stevie Wonder praises Beyonce for Lemonade
Stevie Wonder has heaped praise on Beyonce for her musical growth, calling her latest album Lemonade an art piece.


Entertainment
Udta Punjab controversy created by media: Anurag Kashyap
Udta Punjab controversy created by media: Anurag Kashyap
Anurag Kashyap has said there was never any truth in his upcoming film Udta Punjab being banned by the censor board and it was just a controversy stirred by media.


Entertainment
Julia Roberts to be named Woman of the Decade
Julia Roberts to be named Woman of the Decade
Julia Roberts will be named the Woman of the Decade at the Spike Guys Choice Awards next month.


Entertainment
Blade Runner 2 extension of the first film: Ryan Gosling
Blade Runner 2 extension of the first film: Ryan Gosling
Ryan Gosling has revealed Blade Runner sequel is an extension of the first film.



Politics
Dear Sushma Swaraj, You're Embarrassing India By Denying Racism
Dear Sushma Swaraj, You're Embarrassing India By Denying  Racism
At a news conference yesterday, India's external affairs minister Sushma Swaraj told a roomful of journalists: "I held a meeting with African students… Tried to explain to them that the in


Politics
Dadri Meat Or Snapchat Joke, As A Nation We're Losing Perspective
Dadri Meat Or Snapchat Joke, As A Nation We're Losing  Perspective
What a strange country we live in. On one hand our fine officers of law enforcement are scouring through two plus minutes of a Snapchat video spoofing two great Bharat Ratnas to determine if it&rsq


Politics
Sonia Would Like Rahul To Take Over As Congress President: Amarinder Singh
Sonia Would Like Rahul To Take Over As Congress  President: Amarinder Singh
As speculation raged over the issue, Punjab Congress chief Capt Amarinder Singh on Wednesday said that time is right for Rahul Gandhi to take over from his mother as Congress President and favoured P


Politics
Gross Discrepancies Projected: But For Special Item, March GDP Growth Would Have Been 3.9%
Gross Discrepancies Projected: But For Special Item, March  GDP Growth Would Have Been 3.9%
There’s plenty to cheer about India’s recent GDP growth data and economy, which clocked a 7.6 percent increase in the fiscal 2015-2016. However, a closer look reveals possible catches in t



Telecom
LinkedIn sharpens mobile and content strategy for its second largest market
LinkedIn  sharpens mobile and content strategy for its second largest market - India - YourStory.com
“India is our second largest market after the US,” said Allen Blue, Co-founder LinkedIn, at the opening of their new developmental centre at Bengaluru


Telecom
Indian telcos welcome release of spectrum for commercial usage
Indian telcos welcome release  of spectrum for commercial usage - ZDNet
The Telecom Commission is expected to meet on June 7 to discuss spectrum auction modalities, PTI reports. Earlier, Indian telecom and IT minister Ravi Shankar Prasad said the spectrum auction will be conducted in the next 2-3 months. At present, there are apprehensions that some of the telecom network operators will not buy the costly


Telecom
India added over 21 million mobile subscribers in Q1: Ericsson Mobility Report
India added  over 21 million mobile subscribers in Q1: Ericsson Mobility Report - Economic Times
The report said that the mobile data traffic in India will grow 15 times by 2021, and despite being the most mature market, US mobile traffic will grow 50% in 2016 alone.


Telecom
QBiz: India Fastest Growing Economy; Apple Won't Source Locally
QBiz: India  Fastest Growing Economy; Apple Won't Source Locally - The Quint
The Quint brings to you a collection of Business stories from the previous day.




Finance
Don't invest in PSU banks for next 5 years: Anil Agarwal, Morgan Stanley
Don't invest in  PSU banks for next 5 years: Anil Agarwal, Morgan Stanley - Economic Times
Anil Agarwal of Morgan Stanley, says these stocks will be very volatile and gains from digital initiatives will go mostly to private banks


Finance
IPO investors open to invest in sectors like dairy firms, micro-finance and healthcare
IPO investors open to invest in  sectors like dairy firms, micro-finance and healthcare - Economic Times
Investment bankers say investors are open to investing in these companies because of their stronger growth prospects.


Finance
Stay away from Indian indexes, biggest wealth fund manager says
Stay away from Indian indexes,  biggest wealth fund manager says - Livemint
Investing in indexes is a poor place to put money because you don’t necessarily go into the companies with the most potential, says Quantum Advisors


Finance
SoftBank will sell at least $7.9 billion of Alibaba stake
SoftBank will sell at least  $7.9 billion of Alibaba stake - Livemint
SoftBank to sell its stake in Alibaba to bolster its cash position and pay down debt



Ecommerce
Uber receives $3.5 billion investment from Saudi wealth fund; brings Ubers total balance sheet, including cash and convertible debt, to more than $11 billion
The money brings Uber’s total balance sheet, including cash and convertible debt, to more than $11 billion

Ecommerce
LocalOye recasting its business model to focus more on business-to-business (B2B) customers for better monetisation
LocalOye recasting its business  model to focus more on business-to-business (B2B) customers for better monetisation - VCCircle
Tiger-Global and Lightspeed Venture Partners-backed local household and personal services marketplace LocalOye is recasting its business model to focus more on

Ecommerce
ShopClues promoting the 'Make in India' vision by bringing traditional crafts of Indian minorities into the limelight with IndiMarket
With over 500 merchants on board, IndiMarket has included a large variety of items from fashion, footwear, home and kitchen, accessories, sports and o..

Ecommerce
Alibaba Group announces the launch of Privacy Knight, India's first free app-lock with Face Lock feature that protects mobile privacy from intruders
With the boost of smartphone utilization, India is now the largest consumer market for security app in the world.


Software
Cognizant closing the revenue gap with TCS, HCL after overtaking Wipro
Cognizant  closing the revenue gap with TCS, HCL after overtaking Wipro - Times of India
Cognizant’s been running a superb race. It overtook Wipro in 2011-12, Infosys two years later, and now it’s steadily catching up with TCS. HCL Technologies has similarly narrowed the gap with Wipro. ​


Software
Do students of India's elite colleges want all the benefits of startups without taking any risks?
Do students of India's elite  colleges want all the benefits of startups without taking any risks? - Quartz
India's top engineering and management schools want to create a safety net for their students


Software
Will Indian IT Sector be able to produce 10.5 lakh jobs till 2020?
Will Indian IT Sector be able  to produce 10.5 lakh jobs till 2020? - India Today
In the coming years,if all goes well, India is capable of excellent job opportunities in the IT Sector.


Software
How technology will help you deliver on deadlines?
How technology will help you  deliver on deadlines? - Businessinsider India
UPSWe live in a congested world, one where the biggest markets are also the ones that are getting even more crowded. And this congestion has a legitimate cost



Digital

Digital
Airtel Payments Bank names Shashi Arora as new CEO
Airtel Payments Bank on Wednesday announced the appointment of Shashi


Digital
MobiKwik to offer 6% annual return to wallet users
MobiKwik to offer 6% annual  return to wallet users
Fin-tech company MobiKwik today said it will offer 6 per cent annual interest on the a


Digital
Telcos may soon offer calls over Internet like Whatsapp, Skype
Telcos may soon offer calls  over Internet like Whatsapp, Skype - Times of India
Finally, there is some good news for consumers facing frequent call drop problems. The Telecom Regulatory Authority of India (TRAI) is all set to begin a process to allow telecos to offer consumers internet telephony services.



Logistics

Logistics
UK airline start-up hopes to woo Indian flyers
UK airline start-up hopes to  woo Indian flyers - Livemint
Partly crowd-funded, People Over Profit, or Pop airlines expects to launch direct flights from London to Ludhiana and Ahmedabad, in a move aimed at Punjabis and Gujaratis in the UK


Logistics
Airlines may increase price of tickets with hike in ATF
Airlines may increase price of  tickets with hike in ATF - Zee News
Jet fuel constitutes over 40% of an airline's operating cost and the latest price increase will add to the financial burden of cash-strapped carriers.


Logistics
India Working On 1400km Link Road In Southeast Asia , held talks with Thailand and Myanmar
India Working On 1400km Link  Road In Southeast Asia , held talks with Thailand and Myanmar - InSerbia News
India plans to construct a 1,400km-long pan-Southeast Asian highway to boost trade and cultural ties with its eastern neighbours. The South Asian powerhouse recently held talks with Thailand and My…



HR
How Adobe Scrapped Its Performance Review System And Why It Worked
How Adobe Scrapped Its  Performance Review System And Why It Worked - Forbes
Performance appraisals have been around almost as long as business itself. But smart executives are beginning to realize that this dated process is actually hindering employees performance, even as it attempts to evaluate it.


HR
Myntra hires top managers in last 3 months to expand its online business
Myntra hires  top managers in last 3 months to expand its online business - Economic Times
Myntra has also poached talents for its product & engineering teams - Ravdeep Chawla from FreeCharge, Mangesh Dalvi from Xiaomi, Sumit Borar from eBay, Rohit Chauhan from 24/7 and Aditya Singh from Open Table.


HR
Tata Motors signs MoU with ASDC for skill development
Tata Motors signs MoU with ASDC  for skill development - The Hindu
This partnership will help Tata Motors’ skill development centres across its six plants in India and will comply as per-competency levels of the National Skills Qualification Framework, Tata Motors sa


HR
L T Infotech revokes over 1000 job offers in South India
L T Infotech revokes over 1000  job offers in South India - Economic Times
L&T Infotech has revoked over 1000 job offers made in Tier 3 colleges in South India, leading some students to begin a hunger strike in Chennai.



Construction
Bombay HC upholds property tax on Food Corporation of India's godowns
Bombay HC  upholds property tax on Food Corporation of India's godowns - ET Realty
FCI, a government of India enterprise, had contended that it only occupies the godowns which are owned by the union government and such properties are..


Construction
33 complaints received at special hearing on building permission in Pune
33 complaints  received at special hearing on building permission in Pune - ET Realty
Issues pertained to different building permission problems. Some complaints were about the owner and tenant dispute, other people had dispute with the..


Construction
Crackdown on 'encroachments' at Ansal's Noida residential project
Crackdown on  'encroachments' at Ansal's Noida residential project - ET Realty
Several leading banks and restaurants will be affected by the Noida Authority's order. Stores on the terrace, gas banks, mobile towers, etc have been ..


Construction
Revised Mumbai DP may bring a bonanza for Sahara
Revised Mumbai DP may bring a  bonanza for Sahara - ET Realty
BMC maps show Sahara owns around 81 acres in Oshiwara, surrounded by creek on three sides.“Mangroves only exist on the boundary of the land parcel




Marketing
How Neuroscience Can Help Marketers Build Memorable Brands : Report
How Neuroscience Can Help  Marketers Build Memorable Brands : Report - CMO
“If you’re smarter about how consumers’ brains work from the outset, you can actually have a better, stronger strategy,” said “Brand Seduction” author Daryl Weber.


Marketing
Live premium content will be a key focus for Twitter : Report
Live premium content will be a  key focus for Twitter : Report - Medianama
Live premium content will be one of Twitter's primary focus areas going forward. Its CFO Anthony Noto said during Twitter's earnings conference call that "we know that on Thursday nights during the 3-hour telecast of Thursday Night Football, we have millions of users looking at tw


Marketing
Want Better Buyer Personas? : Dive Into CRM Data
Want Better Buyer Personas? :  Dive Into CRM Data - CMO
Here’s a look at how you can test out your ideal customer profiles using information that’s already in your CRM system.


Marketing





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