July 10, 2015 - App-only ke side effects? Flipkart sees top-level exits. CTO Amod Malviya and engineering head Sameer Nigam quit | VCCircle

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Digital App-only ke side effects? Flipkart sees top-level exits. CTO Amod Malviya and engineering head Sameer Nigam quit | VCCircle Malviya will join the newly created advisory board at Flipkart. Digital Practo eyes enterprise segment with Genii acquisition | Business Standard News After raising $30M earlier this year from Sequoia Capital and Matrix Partners and announcing the acquisition of the digital fitness solution startup Fitho Digital 5,807 gram panchayats in Karnataka now go digital under 'Digital India' project The gram panchayats in Karnataka are all set to go digital. As many as 5,807 gram panchayats including block headquarters in the state will be equipped with rural Broadband Network Limited (BBNL) under the 'Digital India' – BharatNet Fibre project. Digital Indian media startup News In Shorts raises $20 million funding from Tiger Global Indian mobile app startup, News in Shorts that publishes news stories in 60-word bite-sized portion has raised $20 million from Tiger Global in Series B funding. Retail Spanish fashion brand Zara becomes first apparel brand in India to cross $100-million sales mark, five years after it opened its first shop Plans are on to open a few more Zara stores in India over the next three to four years in the major cities, the report said. Retail Here's how local Kirana stores are reinventing themselves to trump e-grocers Digital balances, computers with inventory management software, and CCTV's for monitoring purposes are a few ways in which kiranas have changed... Retail RAI members meet Commerce Minister Nirmala Sitharaman on FDI issue Retailers Association of India has repeatedly called for a level-playing field for all retail channels in the context of FDI into their ventures. Retail How etailers like Flipkart, Amazon and Snapdeal are wooing merchants to sell on their marketplaces If last year was about showering largesse on customers, 2015 is proving to be the year of sellers for online retail companies in a rush to grow. Telecom Govt may monitor and regulate content on mobile apps in India A committee set up by the department of telecom (DoT) has recommended steps to regulate and monitor content on mobile applications, including location of data servers in the country - a move that may impact the operation of popular apps such as WhatsApp and Facebook. Telecom ED unearths India's biggest hawala trail in 2G case, role of a private bank under scanner : IBNLive Chennai-based JP Group helped former Union telecom minister A Raja, an accused in the 2G case, launder bribe money in the 2G scam, said sources. Telecom Why Indian firms are tapping into the IoT opportunity As per Gartner, the total revenue generated from the IoT industry would be $300 bn & the number of connected devices would be 27 bn by 2020 globally... Telecom Microsoft: What 7,800 job cuts mean Microsoft Inc's future in mobile devices likely hinges on the software maker's ability to convince developers to create apps for the phone version of Windows 10 after its ill-fated Nokia acquisition helped trigger 7,800 layoffs. Finance Practo acquires Genii to build up its technology infrastructure Genii's acquisition comes amid Practo gearing up to enter the enterprise segment, with the launch of new products for hospitals and diagnostic centres Finance State Bank of India rewards whistleblowers with dismissal, defamation suit Defamation complaints and dismissal from service – these were the gifts management of the State Bank of India showered on four of its employees who acted as whistle-blowers and exposed a series of 'currency bundle missing' cases involving several lakhs of rupees from various branches of the bank. Finance ICICI Bank may sell Home Finance arm for Rs 4,400 crore; Citibank roped in to find buyers Funds are looking at housing finance sector given the overall housing shortage in India as well as the robust growth (around 20%) seen in the past 4-5 years. Finance Stressed assets: RBI mulls stricter norms Feels banks often opt for refinancing rather than resolving the problem, specially with lack of agreement between lenders Food/FMCG FSSAI, states never shared the test results based on which Maggi was banned, says Nestle The reports werent shared with the company before the ban was announced, but they have now started trickling in, said the executive. Food/FMCG After Maggi, Yippee noodles and Bambino Macaroni banned in Gujarat 'Yippee' noodles of Sunfeast by ITC and 'Bambino Macaroni' by Bambino Agro Industries were banned today, FDCA commissioner H G Koshia said. Food/FMCG ITC looks at direct supply of products to retail outlets ITC is working on the 'leanest possible' distribution model to supply products directly from its manufacturing units to retail outlets across the country Food/FMCG Nestle Maggi row: Parliamentary panel to take up food safety issues on July 10 FSSAI under the Health Ministry, is likely to give a presentation while the Consumer Affairs Ministry will place before the panel concerns of consumers. Software TCS profit, margins in Q1 beat Street estimates; revenue growth and attrition a concern; management confident of growth - Business Standard Tata Consultancy Services (TCS), India's largest information technology services provider, beat consensus estimates on net profit and margin for the quarter ended June. But revenue growth in dollar terms was below the Street's estimates. Software How information technology transformed the hospitality industry? How information technology transformed the hospitality industry. The hospitality industry has undergone some fundamental changes over the past two decades and not only in terms of design and technology. Software Internet, tech, infra, realty In India might gain from China meltdown due to greater flow of investments from China The $3.7-trn wipe-off in the Chinese stock market may result in greater flow of investments from China into some high-growth sectors in India Software Why India Inc is getting serious about the Internet of Things As per Gartner, the total revenue generated from the IoT industry would be $300 bn & the number of connected devices would be 27 bn by 2020 globally. Ecommerce Flipkart CTO Amod Malviya quits active role, engineering head Sameer Nigam quits too Flipkart Ltd is losing as many as three senior management executives a few months after it brought in senior professionals from Google Inc. and Bharti Airtel Ltd Ecommerce E-commerce firms 2nd-largest occupier of office space; leasing rises by about 70% during April-June period at over 8 million sq ft in 7 cities Further pick-up seen in second quarter Ecommerce Paytm to jump on the person-to-person (P2P) money transfer bandwagon; to offer ease and convenience of the cashless mode Seeing the huge potential of cashless transactions through e-wallet, mobile payments and commerce venture Paytm is the latest company to jump on the person-to-person (P2P) money transfer bandwagon. Ecommerce Hyperlocal product discovery app Shopsity secures seed funding from from Sandeep Aggarwal, Founder of eCommerce ventures Hyperlocal product discovery app Shopsity has secured seed funding from from Sandeep Aggarwal, Founder of eCommerce ventures like ShopClues and Droom, and Teruhide Sato, Founder of Netprice. The amount has not been disclosed publicly. Franchise Franchisee Journey: From army veteran to e-cigarette franchisee After working in the military and in a defense contracting company, Mary Yeager became a Palm Beach Vapors franchisee. Franchise Is franchising really the proper path to channel your energy and investment? - Franchising USA MagazineIf you've been considering a move into the franchise world, these pros and cons may provide some extra clarity. Below are some traits of franchise life, but each can be considered either a pro or con depending on who you are and what you want out of your business. HR Govt to create 50 lakh jobs in highways, shipping: Nitin Gadkari Government is committed to providing jobs to at least 50 lakh people in highways and shipping sectors where it plans to undertake massive projects worth Rs 6 lakh crore, said Union Minister Nitin Gadkari HR TCS to Train Over 1 Lakh Employees This Year Indias biggest outsourcer Tata Consultancy Services (TCS) on Thursday said that it will train over 1 lakh employees this year in digital technologies. The outsourcer has deployed a new learning platform to train its employees. HR Salaries in e-commerce companies on the rise: Study Mid-level executives at poplar e-commerce companies are earning nearly as much as the senior employees at technology companies, as per a study. HR India Inc sees 11% year on year growth in hiring activity: Report. India Inc has seen an 11% year-on-year growth in hiring activity, the latest Naukri job speak report has revealed. Logistics Revolutionary Online Freight platform for trucking industry, SME Stepup non internet dependent app for on the road and out reach truckers; can download by dialing special number keys Logistics India's plan to relax cabotage gathers speed; proposal to allow carriage between Kolkatta and Chennai for 3yrs by foreign ships By the shipping ministry's own admission, a cabotage relaxation can at best be an interim measure Logistics How did they 'Gett' it? A Ride-Hailing company Is profitable internationally, makes half a billion in revenue globally Uber Technologies Inc. may be valued at $50 billion, but that's not stopping Gett from pushing its own ride-hailing service globally. Logistics Govt to create 50 lakh jobs in highways, shipping: Gadkari Centre plans Rs 6 lakh cr projects in the two sectors, is working on Rs 22,000 cr ADB-funded India-Sri Lanka link Construction Maharashtra government is thinking of providing rebate for green buildings The Maharashtra government is planning to give tax sops to developers to incentivize construction of green buildings in both residential and commercial spaces. Construction Tata Value Homes announces India's first online exhibition in which people can participate through a valid invite code From the worlds first real estate e-commerce platform to Indias first Digital exposition for selling homes through invite only. Construction 'IPO' of Thane real estate project closed by Lodha developers, Project gets oversubscribed | RTN.ASIA City-based realty player Lodha Developers today said its IPO style pre-launch of the affordable luxury residential project in Thane has received over 2,500 applications from prospective buyers. "Lodha has closed applications for the pre-launch of Construction 96.65% of Mumbai's unsold real estate inventory is not ready, According to JLL, CREDAI Only 2,600 or 3.35% of the total 77,460 unsold residential units across Mumbai, Thane and Navi Mumbai are ready for possession Marketing Is gender sensitivity coming of age in Indian advertising? : A quick look Industry experts share their views on where Indian advertising stands as far as gender stereotypes are concerned and how much the attitude and outlook of the industry has changed over the years Marketing The Potential $100 Trillion Market For Space Mining : Report The SPACE Act bill, if passed, will allow private companies to mine asteroids and sell whatever they dig up. This is great news for companies like Planetary.. Marketing Should Indian advertising agencies go to Cannes? : The big question Should Indian advertising agencies go to Cannes?Everyone in advertising loves awards. Now, clients' love awards more than the agencies. Fame is a potion everyone wants to be drunk on. Even if it means that the potion is self-brewed, selfserved and is self-serving. That to me is the Cannes Marketing FMCG firms high on ad spends amid slowdown : Trends Expenditure on these heads up almost 10% in 2014-15, though average sales growth fell 9% Politics Shivraj Singh Chouhan and ghost of Vyapam: Four questions by CBI that can seal CM's fate The CBI has a lot to question in Vyapam scam; the Chouhan government has a lot to answer. Till more facts emerge, the BJP can continue claiming victory in a moral and political setback. Politics Jiten Manjhi to Pappu Yadav: Friends-turned-foes may play spoilsport for Nitish-Lalu alliance in Bihar Nitish Kumar and Lalu Yadav may not admit it but there are at least four groups, all led by once trusted men who have turned rebels which can cause serious damage to their winning prospects Politics Nitish Kumar promises ban on liquor if he forms next government in Bihar Acceding to the demands made by the women here, Bihar Chief Minister Nitish Kumar today promised to impose a ban on liquor when he forms the government next time. Kumar's promise came in response to demands made by some women in the midst of his address at a Village Dialogue Programme of the Social Welfare department here. Politics AAP cries foul after MLA's arrest, blames 'vindictiveness' by BJP govt AAP on Wednesday cried foul over the arrest of its MLA Manoj Kumar, alleging "vindictiveness" by the Centre, as Congress and BJP trained their guns on the ruling party for not appointing a Lokayukta who could probe into complaints against legislators. Sports I have brought a few ideas with me, says Ajinkya Rahane India won all their games when they toured Zimbabwe in 2013 but the young skipper is expecting tougher competition this time around. Sports Wimbledon 2015: Serena Williams outclasses Maria Sharapova to set final date with Garbine Muguruza Muguruza beat Radwanska 6-2 3-6 6-3; becomes first Spanish woman to advance to Wimbledon final since 1996. Sports ISL Auction: Sunil Chhetri, the biggest draw The second edition of the player auction for the Indian Super League will be held in Mumbai on Friday. Sports India to tour Australia in January 2016 for 5 ODIs, 3 T20Is This will be India's second tour Down Under in 365 days. Entertainment Have strong allergy to this word comeback, says Amol Palekar Veteran actor Amol Palekar, who is all set to return to Television, says he has a strong allergy to the word comeback. Entertainment No plans of directing a movie: 'Piku' scriptwriter Juhi Chaturvedi Juhi Chaturvedi has been an able support Shoojit Sircar but the writer, herself, has no intentions to don the director's hat. Entertainment None of 'Predator' sequels satisfactory: Arnold Schwarzenegger Arnold Schwarzenegger starred in the original "Predator" film. Entertainment Kamal Haasan: Grateful to Mohanlal for recommending me Kamal Haasan says he's grateful to Malayalam superstar Mohanlal, who is said to have recommended the former for the remake of "Drishyam". 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