Thursday, June 30, 2016

June 30, 2016 - E-grocery startup Grofers withdraws job offers 2 days before joining date, lays of staff

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Blog
Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Amongst all the talk about India being a young country, there's not enough being said about India's old. This article argues that India is cleaving into two countries, the old south and the young north. In the 10 years to 2011, the population of Indians 60 and older grew 27 million, a 35% increase over 2001, and the largest increase over a decade. There are now 104 million elderly Indians. Together, they would constitute the world's 14th largest country; 71% live in rural areas where medical and psychological support is minimal. By 2050, the number of sexagenarians will rise to 300 million, a three-fold jump, predicts a report from CRISIL Research. Falling fertility and fewer children implies that three southern states (Kerala, Goa and Tamil Nadu) contain the highest proportion of elderly in India.


Digital
E-grocery startup Grofers withdraws job offers 2 days before joining date, lays of staff
E-grocery startup Grofers  withdraws job offers 2 days before joining date, lays of staff - News
Tiger Global-backed grocery delivery firm Grofers has let go some employees and revoked campus job offers as part of a restructuring of operations, indicating the growing pains Indian startups are facing as the funding crunch deepens. “In the past couple of months, we have been making some necess


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Digital
Silicon Valley entrepreneur, Junglee founder Rakesh Mathur on Ola vs Uber, India startup bubble and bootstrapping
Silicon Valley entrepreneur,  Junglee founder Rakesh Mathur on Ola vs Uber, India startup bubble and bootstrapping - YourStory.com
Thanks to the unprecedented success of companies such as Flipkart, Ola, Mu Sigma and Paytm entrepreneurship and startup culture have become mainstream in I


Digital

 


Digital
Online cab booking platform Meru raises Rs 150 crore from BCCL's Brand Capital
Online cab  booking platform Meru raises Rs 150 crore from BCCL's Brand Capital
Meru will use the funds to strengthen foothold in the Indian market with a focus on providing quality service based on a sustainable business model, it said.


Digital
No ban on Whatsapp: Supreme Court
No ban on Whatsapp: Supreme  Court
The petition was filed by a Haryana-based RTI activist Sudhir Yadav on the grounds that WhatsApp's end-to-end encryption could pose a threat to national security.


Digital
Amazon Web Services to train 25,000 people on cloud technologies
Amazon Web  Services to train 25,000 people on cloud technologies
The company has announced to forge a partnership with state-owned National Institute of Electronics and Information Technology


Sports
Ravi Shastri should have been in front of committee and not in Bangkok: Sourav Ganguly
Ravi Shastri should have been in front of committee and not  in Bangkok: Sourav Ganguly
Ravi Shastri had accused Sourav Ganguly of being “disrespectful” to the coach selection process.


Sports
Father figure Anil Kumble confident of grooming India’s GenNext
Father figure Anil Kumble confident of grooming  India’s GenNext
New coach Anil Kumble says being a parent to teenagers means he understands the pressures current generation faces.


Sports
Wimbledon 2016: Novak Djokovic sets new record with Rd 2 win
Wimbledon 2016: Novak Djokovic sets new record with Rd 2  win
World number one Djokovic holds all four grand slam titles and has another historic mark in his sights.


Sports
Pro Kabaddi League: Pardeep Narwal stars in Patna Pirates win over U Mumba
Pro Kabaddi League: Pardeep Narwal stars in Patna Pirates  win over U Mumba
Raider Pardeep Narwal came up with a stellar performance as Patna Pirates beat U Mumba in the Pro Kabaddi League contest.



Entertainment
The Mummy actor Aharon Ipale dies at 74
The Mummy actor Aharon Ipale dies at 74
Aharon Ipale, best known for his role in The Mummy franchise, has died after a battle with cancer. He was 74.


Entertainment
Final two seasons of Game of Thrones to be shorter
Final two seasons of Game of Thrones to be shorter
Game of Thrones' final two series will be shorter.


Entertainment
Akira’s scar is due to her painful past: A.R. Murugadoss
Akira’s scar is due to her painful past: A.R. Murugadoss
A.R. Murugadoss says a temporary scar on Sonakshi Sinha's face was done to depict the character's painful past.


Entertainment
Ali Fazal, Lauren Gottlieb to share screen space
Ali Fazal, Lauren Gottlieb to share screen  space
Ali Fazal and Lauren Gottlieb will soon be seen together in a short film titled "TriyaCharitra".



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 industry to see more consolidation: Sunil Mittal
Indian telecom industry to see  more consolidation: Sunil Mittal - Hindu Business Line
Expects only 4 private operators to remain in next 24 months


Telecom
India telecom market to face 'massive' tariff erosion post Jio entry: Bharti's Sunil Mittal
India telecom market to face  'massive' tariff erosion post Jio entry: Bharti's Sunil Mittal - ETTelecom.com
India’s highly competitive telecom industry will face “massive erosion of tariffs” with the entry of Mukesh Ambani-owned Reliance Jio Infocomm, ..


Telecom
Indian telecom services market to touch $103.90 billion by 2020: Report
Indian telecom  services market to touch $103.90 billion by 2020: Report - ETTelecom.com
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
Berlin-Based DCMN Acquires Indo-US Mobile Ad Startup 1SDK
Berlin-Based DCMN Acquires  Indo-US Mobile Ad Startup 1SDK - Adage India
German growth solutions provider DCMN has acquired 1SDK



Politics
Alarm bells for BJP: Subramanian Swamy may be outside of even Modi’s control
Alarm bells for BJP: Subramanian Swamy may be  outside of even Modi’s control
BJP understands well enough that Swamy is a huge distraction that may derail the government agenda on development and its deliverance but the fear is that any further public rebuke — other than of the PM — would make the party appear as a divided house and may even end up provoking the controversial MP into more unfettered attacks. In a tweet on Friday, Swamy certainly indicated his intention of doing so if pushed to a corner.


Politics
Parliament’s monsoon session from 18 July: Govt hopes to pass GST Bill
Parliament’s monsoon session from 18 July: Govt  hopes to pass GST Bill
The Cabinet Committee on Parliamentary Affairs (CCPA), headed by Home Minister Rajnath Singh, on Wednesday recommended holding of Monsoon session from 18 July to 12 August.


Politics
Is The Release Of 'Udta Punjab' In Pakistan Worth It?
Is The Release Of 'Udta Punjab' In Pakistan Worth It?
How does it feel to watch a highly touted film with more than a 100 cuts? Does the impact of a critically acclaimed social drama stay intact? After all, director Abhishek Chaubey clearly said, "It definitely means loss of revenue if the film is not released in Pakistan. But more than that... it would make no sense to release it with the said cuts."


Politics
ED Attaches Rs 749 Crore Assets Of YSR Chief Jagan Mohan Reddy And His Wife
ED Attaches Rs 749 Crore Assets Of YSR Chief Jagan Mohan  Reddy And His Wife
Enforcement Directorate on Wednesday attached properties worth Rs 749.10 crore belonging to YSR Congress chief Y S Jagan Mohan Reddy and his wife Y S Bharathi Reddy in connection with its probe in a m



Logistics
Hats on! Transport commissioner issues 'no helmet, no petrol' rule in Kerala
Hats on!  Transport commissioner issues 'no helmet, no petrol' rule in Kerala - Newsx
Upset with spiralling road accidents the state transport department is planning a clampdown on erring two- wheelers who cause almost 55% of road accidents in the state.


Logistics
7th Pay Commission to impact Indian Railways by Rs 24325 crore in FY17
7th Pay  Commission to impact Indian Railways by Rs 24325 crore in FY17 - Business Standard
The recommendations of the seventh pay commission, approved by the Union cabinet today, would create a total impact of Rs 24,325 crore on Indian Railways in the current financial year ending March 2017. This is around 45 per cent of the


Logistics
Istanbul airport attack on tuesday where 41 were killed: Turkish Airlines suspends flights, offers
Istanbul airport attack on  tuesday where 41 were killed: Turkish Airlines suspends flights, offers - Times of India
The flag carrier said in another statement any bookings on flights to or from Istanbul Ataturk airport between 28 June and 5 July 2016 would be changed or refunded without any cost, provided the passenger requests this by July 31.


Logistics
Govt proposes 15 logistics parks at Rs 33000 cr , this will cover about 40% of the freight movement in India
Govt proposes 15 logistics  parks at Rs 33000 cr , this will cover about 40% of the freight movement in India - Times of India
New Delhi, Jun 27 () To reduce transportation cost and minimise pollution, the government plans to set up 15 logistics park in cities with high freight movement at an investment of about Rs 33,000 crore.



Retail
Complaints against e-commerce companies under PM Modi's scanner
Concerned by the increasing number of complaints against e-commerce businesses like those engaged in booking of tickets and hotel reservations, Prime Minister Narendra Modi on Wednesday asked the consumer affairs ministry to come out with a road map to deal with such grievances within 10 days.

Retail
Retailers hail government's nod for 24x7 operations as 'new beginning'
Retailers have welcomed government's decision to allow shops, malls and cinema halls to run round-the-clock, saying it will lead to a new level of retailing in the country. The Cabinet's decision will bring parity in laws across India, the retailers said.

Retail
Mixed reaction to Centre's 24/7 shop policy
Mixed reaction to Centre's  24/7 shop policy - The Hindu
Delhiites’ quest for a genuine nightlife in the city got a boost on Wednesday, with the Union Cabinet clearing a Bill that allows shops, cinemas, restaurants and malls to stay open throughout the nigh

Retail
IKEA plans to hire 15000 people in India
IKEA plans to hire 15000 people  in India - Business Standard
Plans to hire equal number of men and women at its offices and stores across the country


Finance
For India's money managers, recovering economy outweighs Brexit
For India's  money managers, recovering economy outweighs Brexit - Livemint
India has its own set of growth drivers and I think India can do relatively well but we should not remain complacent as far as the global economy is concerned


Finance
Should India shift to market-led funding?
Should India shift to  market-led funding? - Livemint
RBI’s Financial Stability Report states that the Indian bond market is not deep enough to complement the banking sector in financing the real economy


Finance
Is 2016 the year of gold and silver?
Is 2016 the year of gold and  silver? - Livemint
Global instability has prompted investors to resort to safe haven assets, and bullion has emerged as the most preferred investment instrument


Finance
Sebi says unregulated P-note holders can continue till 2020
Sebi says unregulated P-note  holders can continue till 2020 - Livemint
Sebi clarifies that the unregulated funds and non-compliant subscribers cannot take fresh positions unless they comply with the Sebi norms



Marketing
All about Repermissioning Rules : What They Mean For Marketers
All about Repermissioning Rules  : What They Mean For Marketers - CMO
The U.K. has voted to leave the EU, but the union’s General Data Protection Regulation is still law. Brands must clean up their data sets by May 2018.


Marketing
Media agencies need to start changing right now if they are to protect their money : Report
Media agencies need to start  changing right now if they are to protect their money : Report - Economic Times
Media needs a reexamination of marketing in a world, where linear purchase funnels do not exist.


Marketing
Cutting Through The Clutter : How Text Messaging Can Help Engage Customers
Cutting Through  The Clutter : How Text Messaging Can Help Engage Customers - CMO
Adding texting to the marketing mix continues to be an effective way to reach customers wherever they are. Here are four tips to effectively add it to your marketing strategy.


Marketing
Half My Marketing Spend Is Wasted : But Which Half?
Half My Marketing Spend Is  Wasted : But Which Half? - CMO
Follow these simple guidelines and you’ll begin to see a rising curve on your MROI.



Ecommerce
Traders body questions govt's decision to clear Model Shops and Establishment Act
Questioning the law and order situation in the country, the association asked, "What will happen when shops and other business establishments will ope..

Ecommerce
Myntra's 'End of Reason Sale' to have 10 million customers at festival
Myntra's  'End of Reason Sale' to have 10 million customers at festival - Business Standard
Over 2000 Indian and Global fashion brands will be on sale at the country's largest fashion shopping festival, 'End of Reason Sale' (EORS) by Myntra. With over 250,000 curated styles, designs and brands, riding on attractive discounts of up to 80

Ecommerce
Myntra eyes buyers from small towns, cities in biannual sale
Myntra expects about 30% increase in traffic as against the last sale event in January, given the increase in products and expansion of the market

Ecommerce
Pinterest adds new 'shopping' features
The new offerings include a virtual shopping bag that users can fill as they cruise bulletin boards. It is making the feature available on Apple.


HR
AMRL SEZ set to become industrial growth engine in southern Tamil Nadu
AMRL SEZ set to  become industrial growth engine in southern Tamil Nadu - Economic Times
Spread over 2,518 acres in Nanguneri, Tirunelveli district of Tamil Nadu, AMRL SEZ has created a sustainable and comprehensive industrial zone.


HR
Centre buffing package for leather sector to boost jobs
Centre buffing package for  leather sector to boost jobs - The Hindu
The Department of Industrial Policy and Promotion (DIPP) — the nodal agency for the Indian Leather Development Programme (ILDP) — is planning to make a presentation in this regard to the Finance Minis


HR
Tourism can support 46 million jobs in India by 2025: Richard Verma
Tourism can  support 46 million jobs in India by 2025: Richard Verma - Economic Times
According to the WTTC, the travel and tourism sector contributed $120 bn or 6.3 per cent to the country's GDP, which supported approximately 37 mn jobs in 2015.


HR
Over 50% job seekers see company's website before applying: LinkedIn
Over 50% job  seekers see company's website before applying: LinkedIn - Financial Express
Job seekers seek detailed information about their prospective employers as more than half of the country's professionals look at the company's website before applying for a job, says a survey.



Construction
Rs 50-crore ‘jewellery park’ set to come up in Mumbai in bid to boost exports
Rs 50-crore ‘jewellery  park’ set to come up in Mumbai in bid to boost exports - ET Realty
The initiative comes at a time when India’s jewellery sector faces a crisis of skilled labour, inadequate infrastructure and lack of technology.


Construction
Dehradun nagar nigam approves smart city proposal, earmarks Rs 1.5 crore
Dehradun nagar  nigam approves smart city proposal, earmarks Rs 1.5 crore - ET Realty
The nigam has also decided to allot half an acre of land for a hospital to Maharaja Agrasen Charitable Trust which will cater to the financially weake..


Construction
Bilaspur's Rs 4,500 crore Smart City plan gets nod amid Cong opposition
Bilaspur's  Rs 4,500 crore Smart City plan gets nod amid Cong opposition - ET Realty
Ashok Vidhani justified increasing project by Rs 1,000 crore on the grounds that while state capital Raipur had forwarded a plan for developing smart ..


Construction
Headless Chennai devpt body leaves builders worried
Headless Chennai devpt body  leaves builders worried - ET Realty
With all the top posts in CMDA vacant, the construction industry is worried about the repercussions.



Franchise
10 Fundamental provisions usually outlined in a franchise agreement
10 Fundamental  provisions usually outlined in a franchise agreement - Franchising
You've just finished attending Discovery Day and you like what you've witnessed in this final installment of the franchise courting process. You've decided this is the franchise for you. You sit down with the franchisor at the end of the day and he brings the franchise agreement to the table. There are a few things you should know. The franchise agreement is essentially a legal document between the franchisor and you (the franchisee). It is a legal binding agreement. It explains in detail what the franchisor expects from you, as a franchisee, in the way you operate every facet of the business. There is no standard form of franchise agreement because the terms, conditions, and the methods of operations of various franchises vary widely depending on the type of business.


Franchise
Should you get an additional degree before you buy a franchise?
Should you get an additional  degree before you buy a franchise? - Franchise Direct
Yes school's out for the summer, but should additional education be a part of your plans to become a franchisee?







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