Friday, September 23, 2016

September 23, 2016 - India vs New Zealand: India rocked on milestone day

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Girish VS
Girish VS
From the Editor's Desk
The debate on growth focuses only on interest rates - we need lower rates to improve growth. RBI Governor Raghuram Rajan has faced flak for not bringing down the rates. And his successor, Urjit Patel is cast of the same mold. The industry argues - lower rates will lead to higher growth. I do not quite understand this statement. Probably I am not an economist. I sincerely believe that we need to focus on two aspects before we start worrying about lower rates. Remember zero or even negative rates has not helped Japan. Growth requires two core metrics - labour productivity - the amount of goods and services produced by one hour of labour. The other is incremental capital-output ratio (ICOR) - the amount of capital needed to generate the next unit of production. More here

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Sports
India vs New Zealand: India rocked on milestone day
India vs New Zealand: India rocked on milestone day
Relentless New Zealand bowlers reduce hosts to 291 for nine at stumps on Day One of India’s 500th Test match.


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Sports
India to host New Zealand in next Asia-Oceania Davis Cup tie
India to host New Zealand in next Asia-Oceania Davis Cup tie
India are back in the Asia-Oceania zone after being whitewashed by five-time champions Spain in the World Group play-off tie.


Sports
Los Angeles adds 3 venues to bid for 2024 Olympics
Los Angeles adds 3 venues to bid for 2024 Olympics
Long Beach's arena, convention center, waterfront and pier would comprise one of four main sports clusters scattered around the Los Angeles.


Sports
India vs New Zealand: R Ashwin is India’s highest run-scorer in Tests in 2016
India vs New Zealand: R Ashwin is India’s highest  run-scorer in Tests in 2016
The first day of India's 500th Test match was peppered with a few interesting facts and figures.


Sports
Indian sport's quiet revolution
Indian sport's quiet revolution
In every city, town and village in most parts of the world, there is a Nobody — or two — who wants to become a Somebody in sports. These are men, women and children who take to sport not merely to


Sports
Daniel Ricciardo tips Nico Rosberg for F1 title
Daniel Ricciardo tips Nico Rosberg for F1 title
Nico Rosberg's win at the Singapore Grand Prix brought him back top, with the German eight points clear of Lewis Hamilton with six rounds to go.


Entertainment
Marion Cotillard says no role in Brad Pitt-Angelina Jolie divorce, confirms pregnancy
Marion Cotillard says no role in Brad Pitt-Angelina  Jolie divorce, confirms pregnancy
Marion Cotillard said she has no role in Angelina Jolie, Brad Pitt divorce and confirmed her pregnancy. She has wished Brangelina peace.


Entertainment
Angelina Jolie is a lunatic: Chelsea Handler
Angelina Jolie is a lunatic: Chelsea  Handler
Chelsea Handler is no stranger to making outrageous comments on everything. But her remarks about Brangelina's separation becomes interesting since she is close friends with Jennifer Aniston.


Entertainment
Navjot Singh Sindhu not leaving The Kapil Sharma Show, makers say he is yet to give notice
Navjot Singh Sindhu not leaving The Kapil  Sharma Show, makers say he is yet to give notice
The makers of The Kapil Sharma Show have refuted the rumours that politician Navjot Singh Sidhu has quit the comedy show.


Entertainment
Shah Rukh Khan needs girls’ hugs and boys’ leather jacket to beat Amsterdam chill, see pic
Shah Rukh Khan needs girls’ hugs and boys’ leather jacket  to beat Amsterdam chill, see pic
Shah Rukh Khan's demand from his fans: He wants 'a hug for warmth' from girls and 'leather jacket' from boys, to beat Amsterdam chill.



Retail
Amazon's Great Indian Festival to take on Flipkart's Big Billion Day
Amazon will host the Great Indian Festival from 1 to 5 October, which coincides with the Flipkart’s Big Billion Day sale being held from 2-6 October

Retail
Coca-Cola University to train 3.5 lakh people in retail and food services
MUMBAI: Coca-Cola University (CCU), which runs skill training programs for traditional trade (kirana store) retailers, plans to train 350,000 people by December 2017 in grocery and convenience store retailing and food services.

Retail
Future Group eyes more loss-making chains in the southern region
Future Group eyes more  loss-making chains in the southern region - Hindu Business Line
Wants to enhance its distribution in the FMCG business

Retail
India Retail Forum: Raymond to enter ethnic wear, footwear categories
India Retail  Forum: Raymond to enter ethnic wear, footwear categories - Financial Express
The company is in the process of revamping its existing 1,000 Raymond Shop stores to Raymond Store of the Future


Telecom
Is the iPhone 7 the most disappointing Apple phone yet?
Is the iPhone 7 the most  disappointing Apple phone yet? - GQ India
Apple is spending $36.89 more on making iPhone 7 than it did with the iPhone 6S. However, Apple is still managing to get better margins than Samsung.


Telecom
Digital finance to add $700 billion to India's GDP, create 21 million ...
Digital finance  to add $700 billion to India's GDP, create 21 million ... - Livemint
Delivering financial services by mobile phone could benefit billions of people by spurring inclusive growth that adds $3.7 trillion to the GDP of emerging economies within a decade.


Telecom
Mobile App to keep eye on road hogs
Mobile App to keep eye on road  hogs - Times of India
Alarmed by a spurt in road accidents, the state transport department is all set to launch a mobile application to crack the whip on road hogs. Once launched, anyone can click photographs of road rule violators by using the App and send the pictures to the department for action.


Telecom
Lens on Uri man who sold mobile SIMs to troops
Lens on Uri man who sold mobile  SIMs to troops - Times of India
Days after the dastardly terror attack in Uri, the National Investigation Agency (NIA) officials are investigating 11 local shopkeepers, including a mobile phone retailer who sold SIM cards to the soldiers of 6 Bihar regiment.



Politics
Donald Trump’s attempt to make America Great Again didn’t work in Atlantic City
Donald Trump’s attempt to make America Great Again didn’t work in Atlantic City
    Late on the afternoon of 31 August 2016, I walked towards the semi-deserted driveway of the Trump Taj Mahal Casino Hotel in Atlantic City, a resort town in coastal New Jersey, in the United States of America. One of the few cars that entered the driveway was quickly accosted by a woman in … Continue reading Donald Trump’s attempt to make America Great Again didn’t work in Atlantic City


Politics
The Morning Wrap: 500 Million Yahoo Accounts Hacked; Manmohan Singh To Teach Economics At Panjab University
The Morning Wrap: 500 Million Yahoo Accounts Hacked; Manmohan Singh To Teach Economics At Panjab University
Our selection of interesting news and opinion from the day's newspapers.


Politics
Pakistani F-16 Planes Fly Over Islamabad At Night As Atmosphere Remains Tense On Both Sides Of Border
Pakistani F-16 Planes Fly Over Islamabad At Night As Atmosphere Remains Tense On Both Sides Of Border
The Indian army upgraded its "operational readiness" along the LoC.


Politics


Logistics
GST needs clarity on rate, new emission norms, says German auto major Daimler
GST needs  clarity on rate, new emission norms, says German auto major Daimler - The Indian Express
GST issues are causing "much risk and uncertainty" in the market.


Logistics

Logistics
If you book an Emirates flight after October 3, you will be charged US$ 40 for seat selection
If you book an Emirates flight  after October 3, you will be charged US$ 40 for seat selection - India Today
Post October 3, Dubai-based airline Emirates will levy a charge for pre-booking seats.


Logistics
Five rivers in Gujarat being explored for Inland Water Transport
Five rivers in Gujarat being  explored for Inland Water Transport - The Indian Express
DPRs for four rivers and feasibility study for Jawai-Luni river originating from Rajasthan is in progress.



Finance
ICICI Bank to funnel overseas capital to boost domestic focus
ICICI Bank to funnel overseas  capital to boost domestic focus - Livemint
Domestic business at ICICI Bank, especially retail, has been growing by about 17-18% every year, even as the international business stagnated


Finance
IT merger of SBI, associates to conclude by end-December
IT merger of SBI, associates to  conclude by end-December - Economic Times
The IT infrastructure of the associates is run from the SBI data-centre, so merging the software processes shouldn't be a challenge and neither will it cost much.


Finance
Edelweiss Group to acquire Ambit Alpha Fund
Edelweiss Group to acquire  Ambit Alpha Fund
The Ambit Alpha Fund acquisition will bolster Edelweiss’s Rs35,000 crore global assets management business


Finance
Bharat Financial Inclusion launches up to $113 million share sale
Bharat Financial Inclusion  launches up to $113 million share sale - Livemint
Bharat Financial Inclusion, formerly named SKS Microfinance, is selling the shares in a price range of Rs740 to Rs770 apiece



HR
India to renew labour laws overhaul drive to boost jobs
India to renew labour laws  overhaul drive to boost jobs - Zee Business
Prime Minister Narendra Modi`s government is to make a renewed drive to overhaul labour laws, hoping to create millions of new jobs by making it easier to hire and fire, the labour ministry`s top bureaucrat said on Thursday. Modi made a shake-up of India`s labour market a part of his reform agenda after coming into office in 2014, but opposition from unions and a bruising battle to pass other crucial pieces of economic legislation have stalled those efforts.


HR
Foreign education for Indian students
Foreign education for Indian  students - India Today
The Indian education system has traditionally been marks-oriented and with the coercive pressure of burgeoning population of college aspirants, this structure is not going to change but become further deep-rooted.


HR
India Post Payments Bank seeks applications for top jobs
India Post Payments Bank seeks  applications for top jobs - Livemint - Livemint
India Post Payments Bank is looking for a managing director and CEO with a recruitment advertisement in newspapers


HR
Indian millennials optimistic about future job opportunities: Telenor survey
Indian  millennials optimistic about future job opportunities: Telenor survey - Business Standard
(REVISED-- PLS USE THIS ONE) Millennials in India remain optimistic about future job opportunities at a time when robots, automation and artificial intelligence are expected to cut jobs significantly over next five years, said a new survey by



Software
How securing startup funding in India differs from the US?
How securing startup funding in  India differs from the US? - Forbes
In order to give budding entrepreneurial ventures a much-needed boost, the government has decided to do away with taxing them for the first three years of their operation.


Software
Flat PC demand and saturated smartphone market does not concern Lenovo's India Head
Flat PC demand and saturated  smartphone market does not concern Lenovo's India Head - Huffington Post India
Lenovo is among the top 5 sellers of PC, smartphones and tablets in India.


Software
Wipro consumer care closes its 2nd biggest deal : Buys Chinese co
Wipro consumer  care closes its 2nd biggest deal : Buys Chinese co  - Times of India
This is the 10th acquisition for the consumer care enterprise since 2003


Software
Apple to expand machine learning capabilities with acquisition of Indian startup Tuplejump
Apple to expand machine  learning capabilities with acquisition of Indian startup Tuplejump  - South China Morning Post
Apple has acquired Indian machine-learning startup Tuplejump Software Pvt Ltd as it seeks to expand its expertise in artificial intelligence....



Marketing
Google launches standalone messaging app Allo; Lowdown
Google launches standalone  messaging app Allo; Lowdown - Medianama
Google has unveiled its AI-powered messenger app Google Allo with voice-call support today for iOS and Android users. The app is currently live in selected geographical regions including India, while the company said that it would be rolled out worldwide in the coming days. Allo is designed to s


Marketing
MobiKwik partners with Truecaller to add new users
MobiKwik partners with  Truecaller to add new users - Medianama
MobiKwik and Truecaller have partnered to let Truecaller users get an account on MobiKwik just by virtue of being on Truecaller. According to the company statement, the tie up is already accounting for 30% of daily signs ups on the MobiKwik app. MobiKwik claims to have digital payments at 100,00


Marketing
ASCI calls out Uber, Goibibo, Paytm, Lenovo others for false advertising
ASCI calls out  Uber, Goibibo, Paytm, Lenovo others for false advertising - Medianama
The Advertising Standards Council of India’s (ASCI) Consumer Complaints Council (CCC) has upheld complaints (pdf) against 98 out of 159 advertisements brought to it in June 2016. These advertisements belonged to various categories: 39 belonged to the Education category, 25 in the Healthcare &


Marketing
Raju Narisetti appointed CEO of Gizmodo Media Group
Raju Narisetti appointed CEO of  Gizmodo Media Group - Medianama
Raju Narisetti, senior vice president at News Corp, has been appointed as CEO of Gizmodo Media Group. Gizmodo Media Group was constituted under Univision Communications and will include media properties Gizmodo (technology), Jalopnik (car culture), Jezebel (women's interest), Deadspin (sport



Franchise

Franchise
If you do not want to look unprofessional, do not do this
If you do not  want to look unprofessional, do not do this - The Franchise King
A franchise lesson from The Franchise King®. Buying a franchise? Doing this will make you look like an amateur.



Digital
Housing.com’s CMO Nikhil Rungta quits to join Intuit India as MD
Housing.com’s CMO Nikhil Rungta quits to join Intuit India as MD - News
Housing.com's chief marketing officer (CMO), Nikhil Rungta has quit the Mumbai-based startup to join Intuit India as its managing director. Rungta had joined housing.com, run by Locon Solutions Pvt. Ltd., from Reliance Jio in November last year. Rungta has previously worked at Google, Ye


Digital
Redcliffe Capital's Dheeraj Jain to launch $50 million early-stage fund; to invest in AI, IoT startups
Redcliffe Capital's Dheeraj  Jain to launch $50 million early-stage fund; to invest in AI, IoT startups
Dheeraj Jain, managing partner at London-based investment firm Redcliffe Capital, is set to launch a $50 million early-stage fund to invest in technology startups in India and overseas. Christened ‘Redcliffe Capital Early Stage Fund 1’, it will focus on Series A investments in areas such as a


Digital
Amazon Internet Services eyes govt contracts in cloud services
Amazon Internet Services eyes  govt contracts in cloud services - Livemint
Amazon Internet Services is targeting the public cloud services market in India, which is projected to grow 30.4% in 2016 to total $1.26 billion, according to research firm Gartner



Construction
Housing ties up with brokers for selling houses
Housing ties up with brokers  for selling houses - Daily News & Analysis
Housing looks for brokers to scale up biz - Tie-ups with brokers will help the platform start selling properties and expand offline reach in smaller cities


Construction
Dubai realtors hope on Indian buyers to buy properties
Dubai realtors hope on Indian  buyers to buy properties - The Asian Age
At a time when Indian developers are finding it tough to lure potential investors, real estate ...


Construction
Builders want to brand Nashik as real estate hub
Builders want to brand Nashik  as real estate hub - Times of India
The Confederation of Real Estate Developers Association of India (Credai) in Nashik has come up with a branding strategy for the city to overcome the slowdown in the real estate sector.


Construction
25,000 Construction labourers to get subsidized meals in Ahmedabad
25,000  Construction labourers to get subsidized meals in Ahmedabad - Times of India
AHMEDABAD: The state government has launched a populist measure to provide subsidized meals to 25,000 labourers registered with Gujarat Bandhkam Shramyogi Kalyan Board (GBSKB).



Ecommerce
Patanjali's Acharya Balkrishna enters Forbes rich list; Flipkart's Bansals out
Acharya Balkrishna, who holds 97% stake in Patanjali Ayurved, made his debut on the annual Forbes list of India’s 100 Richest People at 48th position

Ecommerce
IKEA eyes first time buyers in India, not the global consumer in brand-building campaign
IKEA eyes first time buyers in  India, not the global consumer in brand-building campaign - Financial Express
Unlike its global peers, the world’s largest furniture retailer, the Sweden-based IKEA is not going to depend on the well travelled Indians to shop in its stores in the country.

Ecommerce
Taxi aggregators, ecommerce companies must register for GST
Taxi aggregators, ecommerce  companies must register for GST - Economic Times
Ecommerce players such as Flipkart and Amazon will also need to register under GST regime irrespective of value of supply made by them.

Ecommerce
Niche online fashion retailers take on the big boys of ecommerce
Niche online fashion retailers  take on the big boys of ecommerce - Economic Times
As the online shopper in India matures to emerge as a discerning buyer, there is growing opportunity for fashion retailers such as Voonik, Koovs and Yepme.






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