Wednesday, June 29, 2016

June 29, 2016 - India's online classified war: OLX claims leadership, Quikr says 'nonsense'

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
In his first year at Yahoo, during which advertising revenues declined in every quarter, Chief Operating Officer Mr De Castro made $39.2m, putting him behind only eight CEOs of listed American firms in the income charts. By his 14th month, Ms Mayer had decided to fire him without cause, triggering a severance payment worth almost $60m. Mr De Castro may not have impressed as a chief operating officer, but you must admire his negotiating skills. High executive pay is an issue that has employees to governments worried. Some in-depth analysis from The Economist on this trend here.


Digital
India's online classified war: OLX claims leadership, Quikr says 'nonsense'
India's online classified  war: OLX claims leadership, Quikr says 'nonsense' - Business Standard
OLX, the classified listings firm owned by South African internet firm Naspers, on Tuesday said that it has "out executed" Quikr, the Tiger Global backed local rival in India but maintained it was still a few years from monetizing the business in


taggit

 


Digital
Ola is as 'foreign' as us, Uber says after xenophobic attack in Karnataka court
Ola is as 'foreign' as  us, Uber says after xenophobic attack in Karnataka court
Ola has been granted a licence by Karnataka while transport officials have made known their displeasure with Uber by not accepting its application .


Digital
HT Media to buy majority stake in Singapore’s football media platform to boost digital play
HT Media to buy majority stake  in Singapore’s football media platform to boost digital play
HT Media Ltd has decided to pick up a 50.5% stake in Singapore-based digital content firm Sports Asia Pte. Ltd, as the newspaper publisher expands its online offerings. The publisher of dailies Hindustan Times and Mint said in a stock-exchange filing on Tuesday that it will make the investment th


 


Digital
Online SME lending platform Lendingkart raises Rs 205 crore in Series B round
Online SME  lending platform Lendingkart raises Rs 205 crore in Series B round
This latest round of funding has taken the net amount raised by the lending company to Rs 260 crore till date.


Digital
Budget hotel aggregator FabHotels raises $8 million in Series A funding
Budget hotel  aggregator FabHotels raises $8 million in Series A funding
Gurgaon based Casa2 Stays Pvt. Ltd that operates budget hotel aggregator FabHotels has raised $8 million (Rs  54.3 crore) in a Series A round of funding from a group of investors including existing investors Accel Partners and Qualcomm Ventures, Mint reported, citing a company executive. RB I


Digital
Ola to invest Rs 350 crore in Haryana to create over 10,000 entrepreneurs
Ola to invest  Rs 350 crore in Haryana to create over 10,000 entrepreneurs
Ola will work with the Haryana government to introduce innovative and customised mobility solutions like Ola Auto, Ola Bike, Ola Share and Ola Shuttle across the state.


Sports
‘Run machine’ Virat Kohli reflects on his road to fitness
‘Run machine’ Virat Kohli reflects on his road to  fitness
Virat Kohli has worked immensely on his fitness, especially strength, and the results of that are quite visible.


Sports
Forced to shift matches, BCCI wants own stadium
Forced to shift matches, BCCI wants own stadium
Anurag Thakur confirmed the development to The Indian Express and stated that the new stadium would have world-class facilities.


Sports
There is absolutely no conflict of interest, says India’s coach Anil Kumble
There is absolutely no conflict of interest, says India’s  coach Anil Kumble
Anil Kumble said as coach his main aim would be to see Indian team excel in all formats and in all conditions.


Sports
Wimbledon 2016: Svetlana Kuznetsova dumps out sinking Caroline Wozniacki
Wimbledon 2016: Svetlana Kuznetsova dumps out  sinking Caroline Wozniacki
Svetlana Kuznetsova defeated Caroline Wozniacki by 7-5, 6-4, leaving Wozniacki without a Grand Slam match win in 2016.



Entertainment
Sanjay Dutt’s comeback film delayed
Sanjay Dutt’s comeback film delayed
Sanjay Dutt's comeback vehicle has been delayed as the makers are yet to lock the script and the leading lady.


Entertainment
Madhuri Dixit turns singer on reality show
Madhuri Dixit turns singer on reality show
Madhuri Dixit surprised everyone with her singing on a reality show.


Entertainment
Vishal Malhotra relives ‘Mauka Mauka’ days on TV show
Vishal Malhotra relives ‘Mauka Mauka’ days on  TV show
Vishal Malhotra will reprise his “Mauka Mauka” publicity campaign in the form of a spoof on “Humko Tumse Ho Gaya Hai Pyaar Kya Karein”.


Entertainment
Shahwar Ali dons look inspired by Big B, Kishore Kumar
Shahwar Ali dons look inspired by Big B, Kishore Kumar
Shahwar Ali says his look on “Ek Maa Jo Laakhon Ke Liye Bani Amma” is inspired from Amitabh Bachchan and Kishore Kumar.



Software
With Brexit event, London startup industry is staring at a turmoil
With Brexit  event, London startup industry is staring at a turmoil - Times of India
Britain's tech startup scene was having a bumper year in terms of new company creation, fresh funding and acquisitions by global tech players before voters decided to leave the European Union in Thursday's referendum.


Software
Chinese & Korean smartphone companies and contract manufacturers look at sourcing from India
Chinese & Korean smartphone  companies and contract manufacturers look at sourcing from India
The move has prompted global contract manufacturers such as Taiwan's Foxconn and Wistron to make India a base, as smartphone sales are growing at a rapid pace.


Software
India PC shipments decline 7.4% in Q1, says Gartner
India PC shipments decline 7.4%  in Q1, says Gartner
PC shipments in India totalled nearly 2 million units in the first quarter of 2016, a 7.4 per cent decrease over the first quarter of 2015.


Software
German premium audio products maker Sennheiser plans to expand in India : Will set up own stores
German premium audio products  maker Sennheiser plans to expand in India : Will set up own stores
Sennheiser said the company will initiate talks with the government to relax the 30% local sourcing norm as the company makes products that involves cutting edge technology.



Telecom
Indian telecom services market to touch $103.90 billion by 2020: Report
India has recorded exponential growth in the past few years, and has emerged as a second largest market in the world, according to the report.

 


Telecom
Mobile Wallets in India Threatened by E-Commerce, Social Apps: Norton Mobile Survey
Mobile  Wallets in India Threatened by E-Commerce, Social Apps: Norton Mobile Survey - NDTV
Here’s a piece of good news. There are over 10.8 million apps in over 200 app


Telecom
Tata Communications to sell subsidiary Neotel
Tata Communications has struck a Rs 2,900 crore (6.55 billion South African rand) deal with Liquid Telecom Group to sell off its South African telecom unit, Neotel to reduce its debt. Tata Communications has an accumulated net debt of Rs 10,000 crore.

 


Telecom
China makes rules stricter for mobile app developers
China makes rules stricter for  mobile app developers - Times of India
China has tightened rules for mobile app developers including requiring real-name registration and preserving users' activity logs, the country's internet regulator said on Tuesday, as Beijing looks to strengthen oversight of the growing app market.



Politics
Kejriwal Just Wore A Tiara Made Of Flowers And Internet Is Losing It
Kejriwal Just Wore A Tiara Made Of Flowers And Internet Is Losing  It
On Tuesday, Delhi CM Arvind Kejriwal met the fishermen community in Goa. Aam Aadmi Party will be contesting in Goa for the first time in the upcoming state assembly elections. Delhi CM Arvind Kejri


Politics
Dear PM Modi, It's Not Just You, We Are All Scared Of Cracking Jokes
Dear PM Modi, It's Not Just You, We Are All Scared  Of Cracking Jokes
On Monday, Prime Minister Narendra Modi said he is scared of cracking jokes now. Detractors may have rolled their eyes and chortled, 'but you just did', it doesn't change the fact that the prime minis


Politics
Chinese Daily Slams Indian Media, Nationalists For Being 'Smug' In International Affairs
Chinese Daily Slams Indian Media, Nationalists For  Being 'Smug' In International Affairs
A Chinese daily, Global Times, has strongly defended China’s opposition to India’s failed bid to become a member of the Nuclear Suppliers Group (NSG), calling the public opinion and Indian


Politics
Nine More Judges Suspended; Telangana-Centre Row Escalates
Nine More Judges Suspended; Telangana-Centre Row Escalates
Nine more lower court judges were on Tuesday suspended by the High Court on disciplinary grounds as the agitation against provisional allocation of judges between Andhra Pradesh and Telangana intensif



Logistics
India jumps 19 places in World Bank's logistics performance index, is at 75% of Germany in International Supply Chain efficiency
India jumps 19 places in World  Bank's logistics performance index, is at 75% of Germany in International Supply Chain efficiency - Livemint
The World Bank in its latest Logistics Performance Index (LPI) said India is now ranked 35th as against the 54th spot it occupied in the previous 2014 report.


Logistics
Air India, Jet Airways flyers can soon check-in from two Delhi metro stations
Air India, Jet  Airways flyers can soon check-in from two Delhi metro stations - Economic Times
The initiative is taken to further popularise the premier line, also known as Airport Express (Orange Line), connecting the city to the airport.


Logistics
Caught on cam: How Delhi airport ground staff stole jewellery from passenger's luggage
Caught on cam: How Delhi  airport ground staff stole jewellery from passenger's luggage - India Today
The Delhi Police has arrested two ground staff of Indira Gandhi International (IGI) Airport for stealing valuables from the baggage of passengers.


Logistics
Heads may roll at Air India after Venkaiah Naidu's public berating
Heads may roll  at Air India after Venkaiah Naidu's public berating - Firstpost
National carrier Air India faced the ire of Union Urban Development Minister M. Venkaiah Naidu on Tuesday, as he expressed his displeasure over social media about an inordinate flight delay he experi



Finance
Opportunity for India to emerge as major global financial market after Brexit: Mark Mobius
Opportunity for India to emerge  as major global financial market after Brexit: Mark Mobius - Economic Times
There will be an impact on emerging markets and some of the Indian companies that have significant exposure to the United Kingdom may get affected, says Mobius.


Finance
SBI to divest non-core assets to rake in Rs3,000 crore
SBI to divest non-core assets  to rake in Rs3,000 crore - Livemint
SBI chief Arundhati Bhattacharya says asset quality pressures accelerated during 2015-16 due to continued stress in the economy, declining commodity prices and two successive drought years


Finance
Velvetcase raises $1.5-2 million from Uniqorn Ventures Fund and others
Velvetcase  raises $1.5-2 million from Uniqorn Ventures Fund and others - Livemint
Velvetcase aims to use the funds for marketing initiatives, strengthening technology and developing solutions that are seller-centric


Finance
Motilal Oswal Financial to raise Rs1,000 crore
Motilal Oswal Financial to  raise Rs1,000 crore - Livemint
Motilal Oswal says approval of members, by way of special resolution, is being sought to issue Non-Convertible Debentures (NCDs) up to `1,000 crore



Retail
Trent plans to raise up to Rs 300 cr, stock split in 1:10
New Delhi, Jun 28 () Tata group's retail firm Trent Ltd plans to raise up to Rs 300 crore via issue of non-convertible debentures on private placement basis and is also gearing up for a stock split by dividing each of its existing shares into ten new ones.

Retail
How Reliance Jio's LYF became India's third largest selling phone brand
Reliance Jio’s LYF was India’s third largest selling mobile phone brand in the March quarter with a 12.6% market share, says Cyber Media Research report

Retail
Single brand retail: 'Cutting-edge' products out of DIPP purview
Final call to be taken by FIPB after ministries make recommendation

Retail
Spencer's Retail MD Mohit Kampani quits
The industry buzz is that Kampani decided to move on as he was not able to perform independently and had differences of opinion with the promoters.


Marketing

Marketing
Mobile-Enabled Loyalty Programs Add New Layer To Retention Strategies : Report
Mobile-Enabled  Loyalty Programs Add New Layer To Retention Strategies : Report - CMO
3Cinteractive explores the landscape of mobile-enabled loyalty offerings—while comparing present-day brand strategies and what consumers expect from a modern-day loyalty program.


Marketing
Ola to invest Rs 350 crore in Haryana : also launch its other services
Ola to invest  Rs 350 crore in Haryana : also launch its other services - Medianama
Cab aggregator Ola will be investing Rs 350 crore in Haryana over the next five years. Ola has signed a memorandum of understanding with the state to create 10,000 driver-entrepreneurs. It is currently present in five cities in the state: Gurgaon, Faridabad, Panchkula, Kurukshetra and Ambala.


Marketing
Step Inside A Customer Journey Mapping Workshop
Step Inside A Customer Journey  Mapping Workshop - CMO
The “in-the-moment” excitement of a customer journey mapping workshop is hard to capture and even harder to share. Until now.



Ecommerce
Uber seeks to double its India workforce to 1,000; keeping up the pace to catch up with larger rival Ola
Online taxi firm Uber went from a headcount of 150 in early 2015 to 500 by the end of the year, and is keeping up the pace to catch up with larger rival Ola

Ecommerce
TataCLiQ.com signs up 12 global brands to sell on its platform; brands will offer exclusive range of products
Head Business Development Gurvinderjit Singh Samra said there has been an on-going demand but unavailability prevented them from buying in India.

Ecommerce
Online jewellery marketplace VelvetCase.com raises $1.5 million in second round of funding
VelvetCase will use the money to expand its technology, marketing and seller acquisition services, the company said.

Ecommerce
Security of mobile wallets under threat by online shopping and social network: Norton report
Security of mobile wallets  under threat by online shopping and social network: Norton report - indiatvnews.com
There are over 1.08 crores apps in over 200 app stores to improve our productivity but one third of them come with malware. Read more on India TV News


HR
DU's paperless initiative saved 4500 trees, money, resources
DU's paperless initiative  saved 4500 trees, money, resources - Times of India
Delhi University not only saved its aspirants from the scorching heat, but also around 4,500 trees or nearly 72,000 rims of paper through its online registration process for undergraduate admission 2016-17, held over 22 days


HR
World Bank President Jim Yong Kim to visit India
World Bank President Jim Yong  Kim to visit India - Economic Times
India is the world's fastest growing economy and also home to 26 per cent of the global extreme poor, the World Bank president said.


HR
Black money and jobs' dearth mar government e-report card
Black money and jobs'  dearth mar government e-report card - India Today
India is the world's fastest-growing major economy. But there's a jobs crisis brewing.


HR
41 recruit religious teachers commissioned as JCOs in Army
A total of 41 recruits of the Recruit Religious Teacher (RRT) Course -79 were commissioned as Junior Commissioned Officers (JCOs) in the Army at a passing-out parade at Institute of National Integration (INI), Pune recently.

 



Construction
RBI Report Says no threat of systemic risk from housing sector
RBI Report Says no threat of  systemic risk from housing sector - ET Realty
Compared with the overall GNPA ratio of 7.6 per cent for the entire banking system as of March, the stress in the retail loans is very low.


Construction
Builders may have to pay 11% interest for delayed projects if Draft rules are approved
Builders may  have to pay 11% interest for delayed projects if Draft rules are approved - ET Realty
The rules also say projects without a completion certificate will have to register with the Real Estate Regulatory Authority, to be set up in states/U..


Construction
Billionaire KP Singh to make DLF debt-free, will infuse Rs 10,000 crore
Billionaire KP  Singh to make DLF debt-free, will infuse Rs 10,000 crore - ET Realty
The Singh family plans to sell its 40% stake in DLF Cyber City Developers for Rs 12,000-13,000 crore and will use the money to retire the parent compa..


Construction
CBI registers cases against ex-Delhi govt, DDA officials over Irregularities in land allotment
CBI registers cases against  ex-Delhi govt, DDA officials over Irregularities in land allotment - ET Realty
The beneficiaries of such allotments allegedly impersonated as the owners of acquired land, whereas no land was acquired from such beneficiaries under..



Franchise
When it’s time for you to sign on with a franchise
When it’s time for you to  sign on with a franchise - Franchising
You've done your research, you've assessed your own strengths and weaknesses, you've thoroughly evaluated the franchise companies that were a potential match for you, you've got your financing lined up, you've even jumped through a few hoops along the way, now comes the moment of decision. When it's time to commit and move forward with a franchise, you will be required to officially sign on. It's a big day and is often - but not always - marked by a Discovery Day held by the franchisor. Discovery Days are often meant to serve as final meetings that are typically held at the franchisor's headquarters or other corporate facility. Often, the franchisor will cover some or all of the costs of the incoming franchisee. After all, at this point, you've both been in regular contact and things look pretty serious. These events are usually fun, informal, and characterized by high energy and positive words. It's a final chance to talk one-on-one and, if both sides are in agreement, sign on with the franchise. But keep in mind that you are not obligated to


Franchise
Franchisee Newbies: Getting information from other franchisees
Franchisee Newbies: Getting  information from other franchisees - Franchising
Franchising is a great business model and with so many concepts and brands out there to choose from, research and due diligence are a big part of your assignment. Of course you'll receive a wealth of information from the franchisor detailing and outlining almost every facet of the system and operations, but there is one other area of research that you owe it to yourself to uncover (many franchises even require that you do this). Once you've narrowed your franchise brand choice, you'll want to talk to some existing - and even former - franchisees about what it's really like out there in the trenches every day running the business. This is part of your due diligence and it's imperatively important.







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