July 31, 2015 - E-commerce cos and tech startups like Flipkart outpace IT/ITes firms as India's biggest office space takers

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Digital E-commerce cos and tech startups like Flipkart outpace IT/ITes firms as India's biggest office space takers Ecommerce companies and technology startups outpaced IT/ITeS firms for the first time as the biggest office space taker in the country in the first half of the year. Digital Handset vendors Micromax, Karbonn, Lava hike digital ad spend to woo e-commerce buyers Micromax spends about 2% of its sales on advertising and marketing. In 2014-15, it posted sales of over Rs 10,000 crore. Digital Former Infosys CEO Kris Gopalakrishnan investing in crowdsourced software testing startup NinetyNine Tests Infosys co-founder and its former CEO, Kris Gopalakrishnan and other individual investors are in the final stages of investing in Bangalore-based startup NinetyNine Tests Software Pvt Ltd, which runs an online community offering crowdsourced software testing services, sources privy to the development said. Digital Does having attended an IIT contribute to an entrepreneur's success in tech sector? After seeing the challenges that Explara founder Santosh Panda faces as an entrepreneur, his wife often jokes that she wants their sons (aged six and four) to study at an Indian Institute of Technology (IIT). After all, IIT alumni are leading the pack in India's red-hot technology startup space. Five of the seven Indian companies that have recently entered the... Retail Rising ecommerce giant wins title sponsorship rights for Indian cricket for four years The four-year deal that covers 84 matches to be played in India under the aegis of BCCI will cost Paytm Rs203.28 crore Retail Amazon India's eCommerce business booming in tier 2 cities Popular eCommerce giant Amazon.in on July 29, 2015 announced said it is witnessing a stupendous growth in its online retail business from Tier-II cities. Retail UAE-based Tablez Food to invest Rs 85 crore in premium ice cream business in India, Sri Lanka Tablez Food Company Pvt Ltd, a leading food and beverage operators in the country, has Retail FSSAI non-compliant: Tata Starbucks, Kellogg, McCain fail to get FSSAI approval on lack of supporting documents While 34 products of Tata Starbucks have been rejected, two products of Kelloggs including Kellogg's special K Red Berries and special K Oats and Honey have b.. Telecom Clear, consistent road map will spur telecom growth in India: Ericsson India's Chris Houghton There is a major momentum for greater connectivity in India, but the potential can be realised only if the operators have enough spectrum, says Chris Houghton, Ericsson India Telecom Punit Soni talks about the future of e-commerce in India and why Flipkart is betting the farm on mobile - Saying Flipkart is growing at a tremendous scale would be an understatement of sorts, and recently the e-commerce raised $700 million at a valuation … Telecom One call that started India's mobile revolution India's mobile revolution started with one symbolic call on this day 20 years ago. Since then, India has emerged as the world's second-largest telecom market .. Telecom Nokia Networks rejects MTNL's purchase order for network expansion Long-pending network expansion plan of MTNL may get delayed further as telecom equipment supplier Nokia Networks has rejected the purchase order from the PSU... Finance BNP Paribas to buy retail brokerage Sharekhan for Rs2,200 crore Sharekhan will serve as a platform for the group's strategy in India, said Joris Dierckx, country head of BNP Paribas India Finance Samiran Chakraborty quits Standard Chartered to join Citibank Citibank has been without a chief India economist after Rohini Malkani quit the bank in April this year Finance Uber lines up $1 billion India investment Investment to be made over the next six-nine months with a target of doing more than one million rides a day Finance A year on, how Vishal Sikka has put his stamp on Infosys Collated from multiple meetings with analysts, investors, rivals, and insiders, are eight ways in which the CEO has been changing things at Infosys Food/FMCG What defines junk food? Health ministry has no idea The health ministry has done quite a lot in framing reports and conducting studies but has never defined junk food in any way. Food/FMCG Tata Starbucks, Kellogg, McCain fail to get FSSAI approval due to lack of supporting documents While 34 products of Tata Starbucks have been rejected, two products of Kelloggs including Kellogg's special K Red Berries and special K Oats and Honey have been rejected. Food/FMCG ITC lays off 40 senior, mid-level executives ITC fired around 40 senior and mid level execs from several depts over lack of satisfactory performance at a time when it faces pressure on revenues. Food/FMCG Nestle: FSSAI gave false statement on product application of Maggi Nestle India also denied accusations by the Maharashtra (FDA) of destroying evidence by burning the Maggi products in bulk. Software Uber gears up against local rivals : Will invest $1 billion in India over nine months After committing to a $1 billion investment in its Chinese operations, the ride-hailing company will do the same in India. Software Accenture India MD Avinash Vashistha quits to pursue entrepreneurial opportunities Consulting and outsourcing company Accenture has confirmed the resignation of chairman and managing director Avinash Vashistha and said it will soon announce his replacement. Software How Technology is helping CEOs stay connected with colleagues 24x7? Even as the CEOs cope with the jet lag of global travel, they have to manage their home offices and stay in touch with their direct reports. Software Infosys CEO Vishal Sikka speaks about the end of India's IT miracle and the need to innovate Infosys CEO Vishal Sikka on the need to amplify abilities and innovate Ecommerce Paytm plans to hire 1,900 people in product engineering and operations over the next three quarters and take its total headcount to 5,000 by end-March As much as two-thirds of the planned hiring will be in operations and the rest in product engineering, said Amit Sinha, vice-president, business and people, a.. Ecommerce Paytm bags 4-yr BCCI title sponsorship for Rs 203 cr; rights are for India's domestic and international cricket matches at home Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities Ecommerce Vakrangee enters into a strategic tie-up with Amazon India to provide marketing, promotional and other services through it 'Vakrangee Kendras' Vakrangee said it has entered into a strategic tie-up with Amazon India to provide marketing, promotional and other services through it 'Vakrangee Kendras'. Ecommerce Snapdeal to be profitable in 2-3 years, building the highways of commerce, investing tremendously in technology: CEO Kunal Bahl Venture capital firms poured in $2.256 billion (Rs. 14,428 crores) in Indian startups last year. Much of that went into e-commerce companies such as Flipkart, Snapdeal and Jabong, and none of them are Franchise Food-service franchise system Dairy Queen (DQ) announced a new menu through its recently launched DQ Bakes Institute, which is located at the companys headquarters in Minneapolis, Minn. The institute was established to inspire, develop and enhance future innovations in the DQ kitchen. The menu features new desserts, sandwiches and snacks served right from the oven that are made-to-order and customized to customers tastes. Franchise Easiest way to become a petrol pump owner Franchiseindia.com Essar Oil is a fully integrated oil and gas company of international scale with a strong presence across the hydrocarbon value chain from exploration and production to refining and oil retail, has a huge franchise network. It owns India's second HR Vishal Sikka, the outsider at Infosys, wants change Vishal Sikka wants to jettison some of Infosys's traditional businesses and focus on innovation and new technologies. In the one year since he took over as CEO and MD, he has been attempting to steer the IT giant towards his vision HR We have no loos, basic facilities, complain Flipkart delivery boys At least 400 delivery boys employed by Flipkart and Myntra struck work beginning Monday, accusing the e-commerce companies of denying them the most basic employee benefits, including toilets at the workplace, fixed duty timings and a six-day work week. HR Govt to ensure 80% jobs to Goans in industries: CM The opposition grilled the government over the slow pace of implementation of the Goa Investment Policy but chief minister Laxmikant Parsekar said that of the 46 projects cleared by the government, 33 are progressing well and government clearances were subject to two conditions: the industry should be environment- friendly and 80% jobs should be given to Goans. Logistics FreightBazaar Launches Integrated e-Transportation Platform, can download 'mTrux' application for this integrated market Logistics INSTC to slash cargo transport time to Russia to 30 days, instead of 55/60 days : Nitin Gadkari; new route via Iran to St. Perersberg cuts 25 days straight "It is expected that cargo by this route would reach Russia in about 25-30 days as against the present route through Suez which takes about 45-60 days," Gadkari said. Logistics Railways minister Suresh Prabhu fast-tracks bullet train plan Moots CRB on a par with COAS Logistics New startup 'Truckmandi' an online booking platform targets transport sector, currently at 20 transactions a year wants grow to 1500 transactions by the year end A capital-based startup is making efforts to bring the still offline and unorganised transport sector online. Construction New supply at all time low in residential market Commercial realty market is out of the woods. Construction Gurgaon's commercial real estate rises at phenomenal pace Stoked by swiftly expanding startups and multinational corporations, Gurgaon is fast emerging as the rising star of India's commercial real estate market, but the old guard in New Delhi and Mumbai's central business districts (CBD) is still holding strong. In the last year, commercial rental prices in Gurgaon's MG Road shot up by a staggering 30%—the... Construction Knight Frank India's study finds that there are no takers for 42000 houses in Ahmedabad Out of the total 42,000 unsold residential units in the city, 12,000 are presently in West Ahmedabad, making it one of the worst performing in the real estate market. Construction 48 percent of Bengaluru office space is occupied by Amazon and Flipkart E-commerce firms including Amazon, Flipkart and startups have driven the office market in Bengaluru in the first six months of 2015. Marketing Paytm bags 4-yr BCCI title sponsorship for Rs 203 cr : Report The rights are for India's domestic and international cricket matches at home Marketing Alibaba's 2 Moves To Expand Its Market Dominance In China : Report Alibaba is turning up the heat on online grocery shopping to counter Wal-Mart's expansion. Marketing Viber Hires Agencies for First Big Marketing Effort : Looks to Grow in US Viber is hiring agencies for its first big marketing push. Politics Two funerals: Abdul Kalam's compassion is reminder of what we denied Yakub Memon It is ironic that our media will be split between two funerals taking place at two corners of the country today. Former president APJ Abdul Kalam will be interred in Rameswaram and executed convict Yakub Memon in Mumbai. Politics All-party meeting convened by Lok Sabha Speaker fails to end Parliament logjam An all-party meeting convened by the Lok Sabha Speaker on Thursday failed to break the Parliament deadlock. Politics BJP And Congress Locked In Political Battle Over Yakub Memon Hanging NEW DELHI -- BJP today attacked Congress leaders Digvijay Singh and Shashi Tharoor for their statements on the hanging of Yakub Memon alleging they amounted to being "anti-national" and dema Politics PHOTOS: Nation Bids Farewell To 'People's President' APJ Abdul Kalam Thousands gathered to bid farewell to the People's President, Dr APJ Abdul Kalam, who was buried with full state honours at a public ground in Tamil Nadu's Rameswaram town, this afternoon. Prime Mi Sports Paytm becomes title sponsor of India's home matches till 2019 Paytm will pay Rs 2.42 crore per every home International fixture played by the Indian cricket team till 2019. Sports Twitter all praise as Dale Steyn joins 400 club The micro-blogging site Twitter was flooded with messages congratulating Dale Steyn on his latest feat. Sports Suresh Raina completes a decade in international cricket, 'thanks' fans, well-wishers Suresh Raina, 28, made his debut on July 30th 2005 against Sri Lanka at Dambulla and scored a duck. Sports Ashes 2015: Steve Finn's five-for puts England on brink of big win against Australia Australia hold a lead of 23 with three wickets remaining and three days to play after Steve Finn ripped their middle-order apart. Entertainment Nitya Menen in Suriya's '24' Nitya Menen has paired up with actor Suriya for the first time in upcoming Tamil thriller "24". Entertainment Huma Qureshi to star in Gurinder Chadha's 'The Viceroy House' Gurinder Chadha's film 'The Viceroy' House' will star Huma Qureshi in the lead role. Entertainment Well known vocalist Vasundhara Komkali passes away Vasundhara Komkali suffered a heart attack and later died at her residence on Wednesday (July 29). Entertainment Salman Khan 'Bajrangi Bhaijaan' nears the Rs 400 cr mark worldwide, mints Rs 266.22 cr in India 'Bajrangi Bhaijaan' starring Salman Khan, which grossed Rs. 266.22 cr in India alone, is doing good business in abroad too. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India

July 30, 2015 - Flipkart, Snapdeal and Ola- the first three Indian startups to join the unicorn club of firms with $1 bn valuation

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Digital Flipkart, Snapdeal and Ola- the first three Indian startups to join the unicorn club of firms with $1 bn valuation Flipkart, Snapdeal and Ola — the first three Indian startups to join the unicorn club of firms with $1 billion valuation — are hiring seasoned executives in key roles. Digital Number Speaks! Why Bangalore is by far the best for technology entrepreneurs in India Bengaluru has lots going for it as it moves four places up in the Startup Ecosystem Report 2015 released by US-based rating agency Compass Digital PricewaterhouseCoopers to mentor 10 handpicked Indian startups for free According to people with knowledge of the matter, PwC would give advice on matters ranging from taxation to fundraising to the selected startups. Digital First techno-residential project inspired by technologies like robotics, cloud coming up in Bangalore Mantri Developers, a leading property developer in the south, is offering residential apartments and penthouses as part of its Mantri Webcity project. Coming up on the Hennur Main Road Retail Ecommerce companies, tech startups like Flipkart, Amazon are India's biggest office space takers in H1 Ecommerce companies and technology startups outpaced IT/ITeS firms for the first time as the biggest office space taker in the country in the first half of the year. Retail Retail chains bet big on smaller stores It is increasingly becoming difficult to find large spaces to open stores and retailers are also realising that rents for large spaces are not justifiable Retail Food service chains like TFS, Lite Bite Foods, Jubilant Foodworks & others high on hopes with Railways' modernisation For instance, railway stations handle over one lakh passengers a day and these passengers on an average spend around Rs 100-125 on a meal. Retail Paytm Backs $50M Funding For Zovi, India-Based Online Fashion Retailer Hyper-local deals are all the rage among India's mobile-driven online shopping companies, and they are racing to enroll merchants. Telecom Infosys, Wipro & TCS lose over 1,00000 people in last four quarters as automation kicks in At the core of this sea change is automation and the advent of newer technologies such as cloud computing, and improved productivity... Telecom Samsung loses 3.3% smartphone market share in India Samsung retained its premier position in the Indian smartphone market at the end of the second quarter (April-June) of the current calendar year with a market Telecom Telecom companies to share networks during disasters: DoT The department in April had asked the operators to implement priority call routing facilities for personnel responsible for 'response and recovery' during disasters. Telecom Deals platform Little raises $50 million from Paytm, others Along with Paytm, a large "undisclosed investor", SAIF Partners and Tiger Global participated in the round, it said in a statement... Finance PSU banks hit fresh 52-week low; analysts remain cautious Bank of India, Allahabad Bank, Canara Bank, Dena Bank, Oriental Bank, Syndicate Bank, Uco Bank and Vijaya Bank have touched their respective 52-week lows on the NSE. Finance JSW divests 26% stake in South African Coal Mining Holdings It acquired majority stake in the firm four years ago. Finance State Bank of India set to enter wealth management, compete with private banks SBI will venture into wealth management, one of the most profitable business initiatives of private and foreign banks, chairman Bhattacharya confirmed. Finance Infosys, Wipro & TCS lose over 1,00,000 people in last four quarters as automation kicks in At the core of this sea change is automation and the advent of newer technologies such as cloud computing, and improved productivity. Food/FMCG Nestle India did not opt for re-test, instead burnt Maggi: FDA Maharashtra's FDA argued in the Bombay High Court that Nestle India had burnt several tonnes of Maggi after the state's ban order was imposed. Food/FMCG Stiff norms curbing profit growth in alcoholic beverages market in India: Moody's report Restrictive regulations, including progressive taxation and pricing controls are curbing profit growth in alcoholic beverages market. Food/FMCG Nestlé India slips into loss after Maggi noodle ban Financial Times Food/FMCG Wine sale has been growing 25% a year but wineries are facing shortage of the raw material as farmers prefer growing table grapes to wine variety. Software Why is Bangalore no more the world's back office but is becoming the hotspot for start-ups? The city has transformed into the mecca of startups in India over the last two years Software Alibaba bets big on cloud business : Will invest $1 billion China's Alibaba Group Holding Ltd said it would invest $1 billion into its Aliyun cloud computing arm to challenge Amazon.com Inc's lucrative Web Services division, opening a global front in the battle between the two e-commerce giants. Software Infosys co-founder SD Shibulal joins daughter Shruti's hospitality venture 'The Tamara' Since he retired from Infosys last year, Shibulal has been making investments through his family office Innovations Investment Management. Software Hyperlocal delivery startup 'Opinio' uses geo-coordinates for efficiency : Raises $1.6M from Accel Partners Bangalore-based on demand food & grocery startup Opinio has raised $1.3 mn in a funding round led by Accel Partners, TraxcnLabs & few other angel investors. Ecommerce Flipkart announces the launch of 20 stores across the country where customers can collect their shipments at their own convenient time Flipkart will introduce value-added services at the 'experience zones, including spot trials, returns, cash on return, open box deliveries. Ecommerce Amazon witnesses tremendous growth in Tier II cities, reaching 50%, from the 36% a year ago Online marketplace Amazon said it is witnessing tremendous growth in its e-commerce business from Tier-II cities, including this industrial city. Ecommerce Snapdeal replaces yearly employee appraisal with trimester reviews; employees go through performance appraisals and goal-setting every four months Snapdeal is replacing annual employee appraisals with trimester reviews, as one year becomes too long a period to evaluate staff performance Franchise Franchisee Journey: From consultant with no knowledge in flooring to carpet care franchisee Franchisor, contractors and franchisees worked together to help create MilliCare Textile and Carpet Care franchise. Franchise What are the factors that determine franchise performance in advance, and how should they be assessed? - Franchise AdviceFranchisors who have the ability to monitor these lead indicators and can provide timely and appropriate remedies when required have a much better chance of maintaining and increasing performance across a network. It also follows that not only will franchisors then have higher-performing franchisees, but that those franchisees will be better advocates for the brand, which in turn leads to further benefits for the network. HR McKinsey loses more than 40 consultants, including 14 of India's top team Companies like Myntra and Snapdeal have so far hired 8-10 McKinsey consultants each, Paytm will have another 8-9... HR Bangalore Is World's 2nd Fastest Growing Startup Ecosystem, Has Youngest workforce Bangalore has risen four places in the latest Global Startup Ecosystem Ranking by San Francisco-based Compass, a research firm that provides global benchmarking tools. Their first such report on w HR Flipkart, Snapdeal and Ola drive up demand for 'experienced' executives The first three Indian startups with a valuation of $ 1 billion - Flipkart, Snapdeal and Ola having become giants in terms of revenue are relying largely on seasoned executives in key roles HR GM to shut Gujarat plant; invest $1 bn in consolidation Company to consolidate production at factory in Talegaon; union threatens legal action over job losses Logistics India orders public ports to prioritize coastal cargo with dedicated berths for coastal vessels with zero berthing charges All of the major public ports in India will soon set up a green channel for the clearance of coastal cargo, another initiative by the Narendra Modi-led government to reduce supply chain bottlenecks. Logistics India's IndiGo puts end to Qatar Airways flirtation speculation releasing a press statment that it is not intending to sell any stake to Qatar Airways IndiGo said reports about Qatar Airways acquiring a stake in the Indian airline are baseless Logistics Velvetcase switches over to marketplace model, adds 180 jewellers and designers for better reach to customers The Mumbai-based company, founded in 2012, was earlier focused on selling customised and designer jewellery through its portal. Logistics Jet Airways changes timing for Hong Kong-New Delhi flight; now to depart at 2.30 am and reach HK at 9.30 am local time Jet Airways is rescheduling its daily Hong Kong-New Delhi service to offer a new daytime arrival in the… Construction Criticism over corporate governance issues at HCC Company rejects criticism on disclosures, governance Construction Realistic Expectations to Boost Real Estate Demand, According to CII As many as 14 malls together having 3.5–4.5 million sq ft will withdraw from retail operations in near future, a CII-JLL report on Indias real-estate sector said. Construction Study says sizes of house has fallen by 26.4% in Mumbai over 5 years Size of houses in other cities such as NCR-Delhi, Pune and Hyderabad have also dwindled. Construction Revival under construction The government's emphasis on kickstarting the economy through public expenditure on infrastructure development has raised hopes of revival among construction and capital goods companies linked to infrastructure sector. Marketing Builders devising unique ways to sell expensive homes : JLL Unable to sell expensive homes, builders are now exploring innovative ways, including reducing the size of apartments to make them more cost-effective, property consultant Jones Lang LaSalle said in a report. "Builders are exploring innovative ways Marketing TV gets 50-60% of e-commerce ad pie in Q1 : Report TV gets 50-60% of e-commerce ad pie in Q1, He further added that growth has been especially good because of the continued spending from ecommerce companies. "Almost as much as 30% of our ad revenues have come from ecommerce brands. Apart from this FMCG brands continue to maintain their Marketing Motorola bets big on e-tail, launches Moto G-3rd Gen Exchange4MediaAccording to a Motorola study, 74 per cent of Indians sleep holding their phone and most can't go a single day without it. Motorola believes that "smartphone users trust their handsets with their most personal questions, photos, stories and secrets Marketing Indians prefer domestic brands In further evidence of the challenge that Indian FMCG brands are mounting against their global counterparts, new rankings show these domestic brands are leading in terms of consumer reach. Politics Simple, secular and compassionate: Wasn't Kalam the Mahatma Gandhi of our times? In the years after his presidency, Kalam was gripped by the dream improving basic infrastructure in rural India which he visualized as the key for a prosperous India. For this, he developed and proposed the PURA model (Providing urban amenities for rural areas) for addressing the basic needs of 750 million Indians living in rural areas, saying that India could not progress without addressing their needs. Politics Parliament filibuster: Congress' fury over TV 'blackout' completely misplaced The Congress' anger over Lok Sabha TV's alleged "blackout" of their protests in Parliament may be out of place, considering the guidelines for television coverage of Parliamentary proceedings were drafted when the Congress-led UPA was in power at the Centre Politics Modi govt okays changes to anti-hijacking law, introduces harsher punishment The government on Wednesday approved amendments to anti-hijacking law that provides for death penalty even if ground handling staff and airport personnel are killed during such acts, besides broadening the definition of hijacking, official sources said. Politics Six green law amendments to be finalised by October: Prakash Javadekar Sports India captain Virat Kohli fails to impress as India 'A' bowled out for 135 on Day 1 Australia 'A' end Day 1 of 2nd unofficial Test on 43/0 after bowling out India 'A' for 135 in just 68.5 overs. Sports Ashes 2015: James Anderson swings it England's way on Day 1 in Edgbaston England bounced back from the heavy defeat in the Lord's Test as they bowled out Australia for a paltry 136 in 1st innings on 3rd Test. Sports I have not been given enough chances: Raina Suresh Raina has said he wants to establish himself as Test batsman, the only format in which he has not nailed down a spot in India's batting order Sports How Scott Boras Became The World's Most Powerful Sports Agent Scott Boras is the lone agent taking on much bigger rivals and beating them. Entertainment 'Southpaw' actor Jake Gyllenhaal cancels India plans Jake Gyllenhaal was keen on paying a visit to India for the release of 'Southpaw'. Entertainment Conan O'Brien sued for allegedly stealing jokes from Twitter Conan O'Brien is facing plagiarism lawsuit after a Twitter user claimed the TV host has ripped off his jokes from the micro-blogging site. Entertainment 'Steve Jobs' to screen at New York Film Festival "Steve Jobs" will be screened at the New York Film Festival on October 3 as the fest's Centerpiece selection. Entertainment Never felt the need to be in rat race: Tabu Tabu said she has a unique "temperament" which does not allow her to follow others. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India