Monday, June 27, 2016

June 27, 2016 - 88 startups, most of whom have names ending with ‘solutions' or ‘innovation', make it to the Rs 10,000 crore startup funds

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
If you thought Indian politicians can be vengeful and vicious in bringing down their enemies, wait till you read how the Chinese communist party deals with its foes. The usual practice is to go after the individual, not his policies or agendas. Getting personal is not just ok, it is the main strategy. More in this article.


Digital
88 startups, most of whom have names ending with ‘solutions’ or ‘innovation’, make it to the Rs 10,000 crore startup funds
88 startups, most of whom have  names ending with ‘solutions’ or ‘innovation’, make it to the Rs 10,000 crore startup funds - Business Standard
Even as these start-ups wait for funds from marquee investors, the govt is planning another start-up conference in August


Digital
Minority shareholders of ecommerce company AskMe Group at war with its Malaysian owner Astro Holdings
Minority shareholders of  ecommerce company AskMe Group at war with its Malaysian owner Astro Holdings
"Despite best efforts of the board and management, AskMe, has been unable to meet its plans due to lack of scale, among other factors, said Astro.


Digital
PE veteran Manish Kheterpal launches WaterBridge Ventures to invest $15 million in technology startups
PE veteran Manish Kheterpal  launches WaterBridge Ventures to invest $15 million in technology startups
WaterBridge Ventures will primarily look to invest between Rs 75 lakh and Rs 3.5 crore in 12-15 ventures, and has a fund life cycle of 5-7 years, according to Kheterpal.


 


Digital
Technology companies like Microsoft welcome Trai’s cloud computing paper
Technology  companies like Microsoft welcome Trai’s cloud computing paper
"A strong technology infrastructure that harnesses the power of global technology innovations is crucial for Indias growth,” said a Microsoft India spokesperson.


Digital
Government may take up BharatNet Phase-II in July
Government may take up  BharatNet Phase-II in July
Telecom Minister Ravi Shankar Prasad reviews broadband connectivity project


Digital
Robotics firm GreyOrange to ramp up global operations for contributing 70% to its revenues
Robotics firm GreyOrange to  ramp up global operations for contributing 70% to its revenues
The company sells primarily to the ecommerce industry, though it is starting to see some interest from industries like consumer goods and retail.


Sports
Chile beat Argentina 4-2 on penalties to retain Copa America Title
Chile beat Argentina 4-2 on penalties to retain Copa America Title
Chile upset Argentina with a penalty shootout victory in the Copa America final to retain the title they had won last year.


Sports
Lionel Messi retires from international football after heartbreak in Copa America final
Lionel Messi retires from international football after heartbreak in  Copa America final
Lionel Messi has announced his retirement from international football following a loss in Copa Amercia final against Chile.


Sports
Euro 2016: Belgium’s Eden Hazard rewards coach’s Marc Wilmots faith with stellar display
Euro 2016: Belgium’s Eden Hazard rewards coach’s Marc  Wilmots faith with stellar display
Eden Hazard was the driving force behind Belgium's 4-0 drubbing of Hungary in a round of 16-match in Euro 2016.


Sports
Rio 2016 Olympics: India hit maiden century of athletes for Olympics
Rio 2016 Olympics: India hit maiden century of athletes for  Olympics
Four more athletes qualifying for the Rio Games swelled India’s Olympics contingent to hundred for the first time.



Entertainment
IIFA 2016: Mohenjo Daro is one of Ashutosh Gowariker’s shortest films, says Hrithik Roshan
IIFA 2016: Mohenjo Daro is one of Ashutosh  Gowariker’s shortest films, says Hrithik Roshan
Hrithik Roshan said that he is really glad to be a part of the “difficult film” and is very happy with the feedback of the promo.


Entertainment
IIFA 2016 winners: Deepika Padukone, Ranveer Singh win top laurels
IIFA 2016 winners: Deepika Padukone, Ranveer Singh win  top laurels
Deepika Padukone, Ranveer Singh bagged the Best Actor (Female) and Best Actor (Male) trophy at IIFA 2016 for their performance in Piku and Bajirao Mastani respectively.


Entertainment
Game of Thrones: HBO released 6 photos from the finale; what do they suggest?
Game of Thrones: HBO released 6 photos from the finale; what do  they suggest?
HBO recently released six pictures from the last episode of Game of Thrones which have left fans guessing.


Entertainment
Udta Punjab releases in Pakistan against wish of producers
Udta Punjab releases in Pakistan against wish  of producers
Abhishek Chaubey said that the makers of film Udta Punjab had decided against the film's release in Pakistan as they were unhappy with the cuts.



Software
Will Indian IT firms face disruption and spending cut in EU?
Will Indian IT firms face  disruption and spending cut in EU? - News
Europe is the second largest market for the Indian IT and BPO industry, contributing almost 30% of the industrys export revenue with UK.


Software
IT CEOs like Vishal Sikka are earning 935 times the median employee remuneration
IT CEOs like  Vishal Sikka are earning 935 times the median employee remuneration
Infosys CEO Vishal Sikka is paid the most, and has the highest ratio of CEO compensation to median employee remuneration.


Software
Why Brexit could make life difficult for Indian IT professionals?
Why Brexit could make life  difficult for Indian IT professionals? - Economic Times
Brexit could hurt Indian professionals migrating to the UK for work and also for those who have to move between the UK and EU.



Telecom
While India Gets Used to 4G Speeds; US Kicks Off 5G Plans

FCC begins process to get 5G Internet on track; hopes service providers will act fast.

 


Telecom
A majority of Indians find mobile advertising most annoying
A majority of Indians find  mobile advertising most annoying - Business Standard
Sixty per cent of Gen X, Gen Y and millennials in India are annoyed with mobile advertising and mark the ads as annoying and obtrusive, according to a survey by VoIP (voice over internet protocol) app Nanu. Approximately 52 per cent of the 3,735


Telecom
Start-up, telecom officials spar over cloud telephony service
Start-up, telecom officials  spar over cloud telephony service - The Hindu
“Our lines were disconnected without giving any notice to us,” said Ambarish Gupta, 38-year-old chief executive of Knowlarity.The start-up approached the Telecom Disputes Settlement and Appellate Trib


Telecom
India accelerates to 4G
India accelerates to 4G - Warc

NEW DELHI: The Indian smartphone market is rapidly transitioning to 4G handsets even though it may be some time before the relevant network technology is available across the country.




Politics
India Will 'Not Count The Bullets While Retaliating' To Pakistan, Says Rajnath Singh
India Will 'Not Count The Bullets While Retaliating' To  Pakistan, Says Rajnath Singh
Home Minister Rajnath Singh has accused Pakistan of trying to destabilise India, a day after militants ambushed a CRPF convoy in Kashmir killing 8 personnel, and said a central team will look into pos


Politics
‘If i disregard discipline, there would be a bloodbath’: Subramanian attacks Arun Jaitley
‘If i disregard discipline, there would be a  bloodbath’: Subramanian attacks Arun Jaitley
Subramanian Swamy in a veiled threat to Arun Jaitley tweeted saying that if he "disregarded discipline there will be a bloodbath."


Politics
BJP Upset Over Swamy's Tirades Against Jaitley, Top Babus
BJP Upset Over Swamy's Tirades Against Jaitley, Top  Babus
The BJP leadership is said to be upset over its MP Subramanian Swamy's open attacks on Finance Minister Arun Jaitley and top bureaucrats and has taken a serious view of the matter. Party sources sa


Politics
Congress Targets PM Modi Over NSG Meet, Says It Was 'An Embarrassment' To India
Congress Targets PM Modi Over NSG Meet, Says It Was 'An  Embarrassment' To India
NEW DELHI -- Terming the developments at the NSG meet in Seoul as an "embarrassment" to India, Congress today said Prime Minister Narendra Modi needs to realise that diplomacy needs "de



Finance
When the world is jittery over Brexit, India has reasons to smile; here’s why
When the world  is jittery over Brexit, India has reasons to smile; here’s why - Economic Times
If you can afford to survive this knee-jerk response of the market with a little bit of patience, without fear and anxiety, better things are in store for you in future.


Finance
Indian banking's 'weak underbelly' exposed: Kotak
Indian  banking's 'weak underbelly' exposed: Kotak - Times of India
New Delhi, Jun 26 () Warning of "more bad news" on the stressed loans front in the Indian banking sector, eminent banker Uday Kotak has said its "weak underbelly" has resurfaced strongly and the story is not over yet, though lenders have begun cleaning up their books.


Finance
What's not so cool about India's start-ups
What's not so cool about  India's start-ups - Livemint
The new breed of companies may be hubs of fun and innovation, but rampant sexism shows old habits die hard


Finance
Fairfax Financial Holdings seeks RBI approval for 10% stake in Kerala's Catholic Syrian Bank
Fairfax Financial Holdings  seeks RBI approval for 10% stake in Kerala's Catholic Syrian Bank - Economic Times
“The bank needs constant capital …we are talking to many investors including Fairfax,” said S Santhanakrishnan chairman, Catholic Syrian Bank.



Logistics
Govt allows airlines to import upto 18 year old planes, keeping oter technical norms in view, may give a boost to airline sector
Govt allows airlines to import  upto 18 year old planes, keeping oter technical norms in view, may give a boost to airline sector - Hindustan Times
Decisions determine where we end up in life, sometimes for the better, and sometimes for worse. This is especially relevant right after school. While parental and peer pressure can compel you to enrol


Logistics
Noida transport department suspends 80 driver licences in May, due to drunk driving and other causes
Noida transport department  suspends 80 driver licences in May, due to drunk driving and other causes - Times of India
The Noida transport department suspended 80 driving licences last month and has received recommendations to suspend over 120 licences for a minimum of three months, said officials.


Logistics
Undersea tunnel likely for Juhu coastal road stretch, the link may cost Rs 4,800 cr
Undersea tunnel  likely for Juhu coastal road stretch, the link may cost Rs 4,800 cr - Times of India
The government is likely to opt for an undersea tunnel for the Juhu Chowpatty stretch of the coastal road, ensuring that it will not affect any runway expansion plans of the airport there.


Logistics
Duty-free shops at airports now out of FSSAI purview
Duty-free shops at airports now  out of FSSAI purview - Hindustan Times
Food, drinks and other edibles sold at duty-free shops at all airports will no longer need an approval stamp from India’s top food regulatory body.



Retail
Move over Flipkart, Amazon: Second-hand e-bookstores are uniting bibliophiles
Move over  Flipkart, Amazon: Second-hand e-bookstores are uniting bibliophiles - Hindustan Times
Hindustan Times
Bibliofreaks , another online second-hand bookstore, was launched in 2013. The owners, Ganesh Reddy Indireddy and Indireddy Siva Sankar Reddy from Hyderabad, say e-commerce giants like Amazon and Flipkart motivated them to start their business.

Retail
How India is taking its first brave bites of gourmet chocolate
How India is taking its first  brave bites of gourmet chocolate - Economic Times
All Things uses only Belgian chocolate (the promoters say they are able to choose their chocolate and make adjustments while it is still being processed in Belgium).

Retail
Sebi set to allow e-commerce firms to sell mutual funds
A Sebi panel on digitization of financial services, headed by Nandan Nilekani, has submitted its recommendation, which were then forwarded to Amfi

Retail
Entry of conglomerates set to shake up online fashion retail
Dominant players such as Myntra and Jabong feel the heat as Tatas, Aditya Birla Group and Reliance enter the fray


Ecommerce
Indian startups will go through a grind, but it won't be a winner-takes-all market: Nikesh Arora
In his first interview to Indian media after quitting SoftBank, Nikesh Arora, till recently the successor-in-waiting to founder Masayoshi Son, says it..

Ecommerce
LeMall receives 1 lakh registrations for first flash sale in India of newly-unveiled "superphones" Le 2 and Le Max2
LeMall is the world's second largest smartphone market and its launch in India symbolises an important milestone in establishing LeEco's online footpr..

Ecommerce
Shopclues expects to register more than two fold jump in GMV from its platform at USD 3 billion by the end of current financial year
Shopclues expects to register  more than two fold jump in GMV from its platform at USD 3 billion by the end of current financial year - Techradar India
Buying a premium Superphone is always a complex and sometimes vexing decision making process. From decision making to final purchase, a number of parameters

Ecommerce
Flipkart looking at China to source cheaper products and make the offerings on its platform more wide-ranging and attractive
Bulk-buying from China invariably yields good prices.Flipkart is tapping China for categories such as electronics, apparel and household items.


Marketing
At Cannes, Indian ad firms roar with 27 metals : Report
At Cannes, Indian ad firms roar  with 27 metals : Report - Business Standard
As the curtains fell on the 63rd edition of the advertisement festival on Saturday, Indian agencies celebrated well into the night. Ogilvy & Mather (O&M), BBDO and production house Early Man Films took home three "metals" or Lions in film and film


Marketing
Scam ads and awards : an addiction with no fix
In the wake of some dodgy work being rewarded at Cannes, the old debate about scam ads has cropped up again. It is no secret that many agencies (barring a handful) actively seek to create work meant for awards. Such …

 


Marketing
Why IT firms are shying away from govt projects
Why IT firms are shying away  from govt projects - Hindu Business Line
Apart from payment and litigation issues, firms have to make investments upfront


Marketing
Book Review – Nawabs, Nudes, Noodles: India Through 50 Years of Advertising
Book Review – Nawabs,  Nudes, Noodles: India Through 50 Years of Advertising - Financial Express
Once upon a time, œI work in advertising as an answer to œWhat do you do? drew blank looks. ...



HR
India looks at SMEs
Indian High Commissioner to Fiji Vishvas Sapkal said a memorandum of sgreement between the country's Ministry of Industry, Trade and Tourism and the Indian Government would pave the way for assistance towards the SME sector.

 


HR
Higher quality key to reaching market potential
Higher quality key to reaching  market potential - Hawaii Tribune Herald
Tea was first introduced to Hawaii in the late 19th century, but it wasn’t until almost a century later that researchers began to fully explore the crop’s potential.


HR
GE Digital to hire 300 over next two years
GE Digital outside Detroit is planning to hire 300 workers to aid the company's transformation into software company

 


HR
More jobs, entrepreneurship opportunities needed to promote women empowerment: ASSOCHAM
More jobs,  entrepreneurship opportunities needed to promote women empowerment: ASSOCHAM - Financial Express
There is an urgent need to create more jobs and entrepreneurship opportunities to promote women empowerment thereby making them economically independent...



Construction
Housing board rapped by Madras High Court over unused public buildings
Housing board  rapped by Madras High Court over unused public buildings - ET Realty
The secretary of urban development department convened a meeting and passed a resolution to hand over the buildings in February 2012.


Construction
New VMC commissioner reviews Smart City projects
New VMC commissioner reviews  Smart City projects - ET Realty
The VMC has prepared a series of projects for the area-based projects that are a part of the Smart City proposal.


Construction
Smart city tag demanded for 3 more cities by Odisha CM
Smart city tag demanded for 3  more cities by Odisha CM - ET Realty
The chief minister was interacting with the Prime Minister on video conference from Pune on Saturday when he made this demand.


Construction
Smart City projects in 20 cities launched by PM Modi
Smart City projects in 20  cities launched by PM Modi - ET Realty
"There cannot be a transformation as long as we take things in bits and pieces. We need to adopt a comprehensive, inter-connected and vision-oriented ..



Franchise
Employee Retention: What new franchise operators often neglect as they struggle with their fledgling businesses
Employee Retention: What new  franchise operators often neglect as they struggle with their fledgling businesses - Franchising
Retaining employees is an ongoing challenge for new franchisees -- and a key ingredient in building a successful business. After training employees to do their jobs well, the franchisee's goal is to retain them as productive, reliable workers. It costs much more to hire and train replacements than it does to work with current employees to improve their job performance.


Franchise
What can you expect in a franchise application form?
What can you expect in a  franchise application form? - Franchising
Getting to know a little more about you as a prospect is one of the first things franchises are interested in. The initial franchise application process is a screening mechanism by which franchisors begin to determine your interest and qualifications. Today, it is common to find initial franchise application forms on franchisors' websites - but most will be happy to send you one as well. This is a good stepping off point for beginning the communication process. You should not only take this very seriously, but also expect to spend some time gathering the information and completing the application.







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