Wednesday, August 24, 2016

August 24, 2016 - Andhra Pradesh raises toast to Olympics silver medalist PV Sindhu

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Sam Shank, 43, (CEO of HotelTonight) was like a lot of other startup CEOs, flush with cash from earlier rounds and so focused on the day-to-day he didn't notice that VCs had suddenly become parsimonious. After a painful but quick round of layoffs, he told his employees that there would be no more layoffs and that the company was aiming to become profitable by August without killing growth. Employees started making decisions based on whether it improved the company's earnings. They slashed marketing, stopped wasting money on discount sites and coupons, and added features that led to more app users booking rooms. The company cut its annual infrastructure costs by $500,000 - a 40 percent drop - by renegotiating licensing deals, moving from one software platform to another and so on. One employee won a weekly "Frugal Not Cheap" award by simply telling a credit card processor they wanted to pay less, saving $8,000 per month. Every week, Shank updated the company on its burn rate, and every morning, employees got an e-mail with such key metrics as gross bookings value, year-over-year growth and gross margin. HotelTonight turned profitable in April and things are going well enough that Shank is ready to say what much bigger startups continue to duck: He wants to take the company public, possibly by late 2017. Indian unicorns, are you listening?

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Sports
Andhra Pradesh raises toast to Olympics silver medalist PV Sindhu
Andhra Pradesh raises toast to Olympics silver medalist PV  Sindhu
Hundreds of folk artists beat drums and danced to welcome PV Sindhu and Pullela Gopichand. Sindhu's father accompanied her on the bus ride.


Sports
While bigger tests await, Anil Kumble clicks in his first assignment in the Caribbean
While bigger tests await, Anil Kumble clicks in his first  assignment in the Caribbean
As Kumble era has well and truly rolled on, his chunky SLR will be clicking away snapshots for posterity.


Sports
I would have definitely won a medal for India at Rio 2016 Olympics: Narsingh Yadav
I would have definitely won a medal for India at Rio 2016  Olympics: Narsingh Yadav
Commenting on Narsingh’s ban, Wrestling Federation of India president Brij Bhushan Sharan Singh also reiterated his demand for a CBI inquiry.


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Sports
India men’s hockey team slips to sixth in FIH rankings
India men’s hockey team slips to sixth in FIH rankings
Newly crowned Olympic champions Argentina earned enough points to move up five places to second.


Sports
Wrestling Federation of India adds another chapter to the murky Narsingh Yadav tale
Wrestling Federation of India adds another chapter to the murky  Narsingh Yadav tale
WFI Chief Brijbhushan Sharan says there was a third attempt to ‘sabotage’ Narsingh Yadav at the SAI Centre.


Sports
FLO honours amputee Everest climber Arunima Sinha, offers lifetime membership to Sindhu
FLO honours amputee Everest climber Arunima Sinha, offers  lifetime membership to Sindhu
Arunima Sinha was honoured for being the first female amputee to climb Mount Everest.


Entertainment
Work on Deepika Padukone, Ranveer Singh-starrer Padmavati sets in full wing, shoot begins in September
Work on Deepika Padukone, Ranveer Singh-starrer  Padmavati sets in full wing, shoot begins in September
Reportedly Sanjay Leela Bhansali's Padmavati will bring Deepika Padukone and Ranveer together again for the third time with Shahid Kapoor also playing a prominent role in the film.


Entertainment
Indian films bleeding with taxation: Zoya Akhtar
Indian films bleeding with taxation: Zoya Akhtar
Zoya Akhtar has expressed concern over the heavy taxation on Indian films, which she says is "backbreaking" for producers.


Entertainment
Ae Dil Hai Mushkil teaser to be out on August 30
Ae Dil Hai Mushkil teaser to be out on August 30
Teaser of filmmaker Karan Johar's directorial venture "Ae Dil Hai Mushkil" will come out on August 30.


Entertainment
Kareena Kapoor part of Veerey Di Wedding, to shoot post-delivery: Sonam Kapoor
Kareena Kapoor part of Veerey Di Wedding, to shoot  post-delivery: Sonam Kapoor
Dismissing rumours that Kareena Kapoor Khan has opted out of Veerey Di Wedding due to her pregnancy, Sonam Kapoor said the film will start shooting soon.



Retail
'Small towns driving the growth of online retail'
'Small towns driving the growth of  online retail' - Business Today
Small towns driving the growth of online retail'The latest to join the bandwagon is Tata group, which is a prominent player in retail space with fashion and lifestyle retail chains like Westside and Croma and leading brands like Titan and Tanishq

Retail
FirstCry in talks to raise $75 million
In February, FirstCry had raised$26 million in Series D funding from Valiant Capital, IDG Ventures India, Vertex Ventures and SAIF Partners

Retail
Snapdeal to spend Rs200 crore on marketing campaign for Diwali
Snapdeal will launch a marketing blitz next month on TV, print, digital and social media and also be seen outdoors on billboards and external installations

Retail
ITC sues Britannia for allegedly copying biscuit packaging
ITC sues Britannia for  allegedly copying biscuit packaging - Economic Times
The petition in the Delhi HC seeks damages for alleged infringement of trademark as well as a direction to withdraw the product in the current packaging.


Telecom
Telcos vs RJio: Will intervene if needed, says telecom minister
Telcos vs RJio: Will intervene  if needed, says telecom minister - India Today
The stage is now set for the next round of battle with India’s largest-ever spectrum auction starts on 29 September


Telecom

Telecom
Idea Cellular denies exploratory merger talks with Vodafone India
Idea Cellular denies  exploratory merger talks with Vodafone India - ETTelecom.com
Shares in Idea, the country's No. 3 operator, rose 5.7 percent in afternoon trading following the news.


Telecom
India's top private telecom companies add 2.08 mn subscribers in July
India's top  private telecom companies add 2.08 mn subscribers in July - Firstpost
While Airtel led in the operator category, UP East was on top in terms of Circle wise subscription..



Politics
Augustus, Aurangzeb And Donald Trump: Divisive Politics And Great Falls
Augustus, Aurangzeb And Donald Trump: Divisive Politics And Great Falls
As a citizen of the Democratic Republic of India, America, the world's oldest democracy has always inspired me. And I know from my own profe ional work in international relations, that it i


Politics
JNU rape row: Unwanted politics in University continues to overwhelm all other concerns
JNU rape row: Unwanted politics in University continues to  overwhelm all other concerns
The 'right' is leading the protest in Jawaharlal Nehru University (JNU) now, burning effigies of 'rapists' and 'left' is at receiving end.


Politics
DMK will not be unnerved by AIADMK and will continue to grow, says party chief M Karunanidhi
DMK will not be unnerved by AIADMK and will  continue to grow, says party chief M Karunanidhi
DMK President M Karunanidhi on Monday said his party would not be unnerved by the ruling AIADMK or the police and would continue to "grow".


Politics
RSS calling on Hindus to have more children ahead of UP polls is pure fear mongering
RSS calling on Hindus to have more children ahead  of UP polls is pure fear mongering
Mentors in RSS systematically ratchet up communal sentiments. Drumming up anxieties that are a breeding ground for hatred are electoral ploys that need to be jettisoned once and for all.



Logistics
Another one follows: Gujarat Assembly ratifies GST Bill
GST Bill: The ratification of the bill comes in quick succession after the Chhattisgarh assembly passed it unanimously on Monday.

 


Logistics
Pranab Mukherjee lauds look East, act East policies, GST
Pranab Mukherjee lauds look  East, act East policies, GST - India.com
President lauds Look East, Act East policies, GST


Logistics

Logistics
States queue up to get GST network to build back-end process to get ready for the April1st 2017 target launch date
States queue up to get GST  network to build back-end process to get ready for the April1st 2017 target launch date - Economic Times
GSTN is a not-for-profit entity owned by Centre, states and non-govt financial institutions, and is building the technology backbone for new tax regime.



Software
Gionee to invest Rs 500 crore to set up manufacturing plant in India
Gionee to  invest Rs 500 crore to set up manufacturing plant in India - news
On the back of the new phones, the company expects to double its monthly sales to a million units and increase average sale price to between Rs 9,500 and Rs 10,000.


Software
Why recent spate of job cuts at Flipkart, Infosys, AskMe should worry us?
Why recent  spate of job cuts at Flipkart, Infosys, AskMe should worry us? - Firstpost
Jobless growth is a reality staring India in the face. The government and industry must work together to solve this crisis


Software
Which are the 50 Indian startups that have the potential to cross a billion dollars in valuation?

At the moment, India is home to only about half-a-dozen unicorns, or startups valued at over $1 billion..

 


Software
Capgemini uses IBM's computing cognitive system Watson to move a step forward in automation
Capgemini uses IBM's  computing cognitive system Watson to move a step forward in automation
Resource management groups in IT companies are responsible for assessing skills and then assigning someone to a project.



Digital
Founders of India unicorns Sachin Bansal, Vijay Shekhar Sharma and Kunal Shah invest in edu-tech startup Unacademy, along with participation from Blume ventures and others
Founders of India unicorns  Sachin Bansal, Vijay Shekhar Sharma and Kunal Shah invest in edu-tech startup Unacademy, along with participation from Blume ventures and others -  news
Unacademy, which allows educators to create courses on the platform, has recorded close to 25 million views since inception.


Digital
Amazon surpasses Flipkart to become India's biggest online retailer: Report
Amazon  surpasses Flipkart to become India's biggest online retailer: Report - Mashable
Flipkart chairman Sachin Bansal countered employees’ anger over job cuts, saying he too lost his job because of poor performance


Digital
Apple snaps up Gliimpse -- a health startup by Indian-origin founders
Microsoft on Monday announced it bought a startup to boost its artificial intelligence capabilities, and rival Apple confirmed it has boosted its health focus with an acquisition of its own.

 


Digital
Scrap collection startup EnCashea in talks to buy smaller rival RaddiMan; raises funding from Kunal Shah, others
Scrap collection startup  EnCashea in talks to buy smaller rival RaddiMan; raises funding from Kunal Shah, others
Bangalore-based scrap collection and recycling startup EnCashea has raised an undisclosed amount in seed funding from FreeCharge co-founders Kunal Shah and Sandeep Tandon, Tracxn Labs and a group of unnamed investors. The company is now in advanced talks to acquire its city-based rival RaddiMan, a p



Marketing
Anil Ramachandran is the New Marketing Head of IndusInd Bank : Report
IndusInd Bank has promoted Anil Ramachandran to EVP and Head, Marketing and Communications and Head Retail Unsecured Assets. With this appointmen, he becomes the new chief marketing officer of the company.

 


Marketing
Snapdeal lines up Rs 200 crore marketing blitz for festive season : Report
In the run up to Diwali, Snapdeal, India’s largest marketplace, announced that it will be spending more than Rs 200 Crores on a 360° marketing campaign over the next 60 days.

 


Marketing
Renault India eyes the e-com pie : Report
Renault India eyes the e-com  pie : Report - Campaign India
Virat Khullar, head of marketing, explains that 20 pc of Kwid bookings in first four months were from the app


Marketing
Mumbai-born brothers sell ad tech company to Chinese investors for $900m
Mumbai-born  brothers sell ad tech company to Chinese investors for $900m - Times of India
Two Mumbai-bred siblings turned billionaires on Monday when they sold their advertising technology startup to Chinese investors for $900 million.



Franchise
Creating profit-building action plans for your franchisees
Creating profit-building action  plans for your franchisees - Franchise Business
How well can you read a financial report and then translate it into a practical strategy to drive franchisee profits?


Franchise
Franchisor Zone: What potential does a webinar have to improve your franchise recruitment process?
Franchisor Zone: What potential  does a webinar have to improve your franchise recruitment process? - Franchise Business
What’s the best way to connect with prospective franchise buyers?



HR
Scientists and academics hit out at draft education policy
Scientists and academics hit  out at draft education policy - Times of India
The draft of the new education policy (NEP)-2016 has drawn flak from the state's scientific community with many of the members pointing out that instead of addressing the real problems faced by the education system, it proposes measures which will further stagnate the education performance in the country.


HR

HR
How India can stem the rising scourge of racism against Africans
How India can stem the rising  scourge of racism against Africans - News24
India has seen a rise in incidents of racism by its citizens against foreign nationals, especially Africans, in recent times. As a country with the largest diaspora communities, India needs to be particularly worried by this development.


HR
Lockheed's pitch to India: F-16s, jobs and a strategic blow to Pakistan
Lockheed's  pitch to India: F-16s, jobs and a strategic blow to Pakistan - Livemint
Lockheed’s proposal may allow India to choke off key supplies to Pakistan, which has relied on F-16s as its main aerial defence for decades



Finance
GST roll-out may spur demand for bigger warehousing spaces
GST roll-out may spur demand  for bigger warehousing spaces - Livemint
Developers look to tap opportunity in likely boom in logistics and the resultant demand for large land parcels


Finance
A giant awakens: Aberdeen bats for Narendra Modi's India
A giant awakens: Aberdeen bats  for Narendra Modi's India - Economic Times
Prime Minister Narendra Modi remains popular and reforms have not run out of steam, says Aberdeen Asset Management.


Finance
Shopclues to disburse loans worth Rs5,000 crore to sellers
Shopclues to disburse loans  worth Rs5,000 crore to sellers - Livemint
Shopclues will disburse Rs200 crore under its Capital Wings initiative ahead of this year’s Diwali festival


Finance
Kstart invests $600,000 in two start-ups
Kstart invests $600,000 in two  start-ups - Livemint
Kstart has invested $100,000 in health-tech company Advenio Technosys and $500,000 in rental marketplace GuaRented Rentals



Construction
Vasundhara housing society in Ghaziabad sealed for 6 hours over dues
Vasundhara  housing society in Ghaziabad sealed for 6 hours over dues - ET Realty
The premises were finally opened around 8pm following the intervention of Ghaziabad district magistrate Nidhi Kesharwani.


Construction
CFO Nagamallesh Gattu of DB Realty resigns and A Anil Kumar is appointed as new CFO
CFO Nagamallesh Gattu of DB  Realty resigns and A Anil Kumar is appointed as new CFO - ET Realty
The nomination and remuneration committee, at its meeting held today, recommended the appointment of A Anil Kumar as the new CFO.


Construction
Mumbai's development plan 2034 delayed by Shiv Sena after it demands all party leaders be on planning panel
Mumbai's development plan  2034 delayed by Shiv Sena after it demands all party leaders be on planning panel - ET Realty
The Shiv Sena has further delayed the process of setting up a planning committee for the civic body’s Development Plan (DP) 2034 by demanding that a..


Construction
Sahara says 'devious attempt' are made to lower price of its hotels
Sahara says  'devious attempt' are made to lower price of its hotels - ET Realty
"We have no information of any such bid or offer," a Sahara spokesperson said in a statement and termed them as baseless cases.



Ecommerce
Alibaba ropes in Flipkart's HR head Priya Cherian to strengthen India team
Alibaba has roped in Flipkart's director for human resources, Priya Cherian to head its talent acquisition and HR department as the Chinese e-commerce..

Ecommerce
Flipkart may be low on cash
Flipkart may be low on cash -  Hindu Business Line
Cash-burn, buys draining e-com giant, say analysts; company sees no need for funding

Ecommerce
Paytm delinks payments bank from shopping biz
Paytm delinks payments bank  from shopping biz - Business Standard
The company has been split into two separate entities, Paytm E-commerce Services and Paytm Payments Bank






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