July 22, 2015 - Bangalore is second largest IT cluster after Silicon Valley, says Karnataka Govt

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Digital Bangalore is second largest IT cluster after Silicon Valley, says Karnataka Govt Srivatsa Krishna, secretary - IT, Biotech, e-governance Karnataka government, says: Hyderabad took eight years to fructify MoU with Google. Moreover, he adds that Bangalore now is also the start-up capital of India for sure. Digital It's time now for Flipkart, Snapdeal to be threatened by younger on-demand startups And with the rise of such companies like Grofers and Zopper, the veterans including Flipkart and Snapdeal are feeling uncomfortable , if not threatened Digital Singapore's UOB, Temasek to provide $500 million worth venture debt financing to startups in India, China NDTV UOB-Temasek to Provide $500 Million to Start-Ups in India, ChinaNew Delhi: Singapore-based United Overseas Bank (UOB) along with Temasek will provide venture debt financing worth $500 million to start-ups in India, China and Southeast Asia countries. UOB has entered into an agreement with Temasek to provide ...Singapore's UOB, Temasek to offer $500 million for Asia startupsEconomic TimesSingapore's UOB, Temasek to offer $500 mn for Asia start-upsPhys.OrgTemasek, UOB team up to provide venture debt to Asian startupsThe Straits TimesTHE BUSINESS TIMESall 14 news articles » Digital Will US-based AngelList's online-only deal making click here? AngelList, which is looking to set up operations in India, may have to get more hands on with startups and investors, as its mostly-online mode of interactions on the platform is unlikely to click here. Retail Myntra appoints McKinsey veteran Ananth Narayanan as its CEO, after its co-founder Mukesh Bansal moved to Flipkart Myntra has appointed Ananth Narayanan as its CEO, a McKinsey veteran, after its co-founder Mukesh Bansal moved to Flipkart in a bigger role post its acquisition last year. Bansal will assume the position of the chairman of the board at Myntra while continuing to lead Flipkart's commerce platform. Retail Ola launches online grocery delivery service called 'Ola Store' for Android users Ola launches online grocery delivery service called 'Ola Store' for Android users - After Ola Cafe, the ride service app has now launched a separate standalone hyper local grocery delivery service called Ola Store. The new service … Retail Discounts galore, but are they as good as they seem? Mint Money guides you on how to evaluate discounts while shopping this sales season Retail From exports to espresso: Journey of CCD's brewing empire Café Coffee Day, fondly known as CCD, is India's largest coffee chain. But what is it that made it the cult choice in India? Hear is VG Siddartha, Chairman, Coffee Day, narrating the journey of the young India's cafe. Telecom Idea Cellular Q1 net profit jumps 28% on data, voice revenue growth, plans to launch 4G in the next 6-8 months Idea tops Street's estimates, reports 28% rise in net profitBusiness Standard Telecom 'Digital India goes hand-in-hand with Skill India': Telecom Minister Prasad says technology will revolutionise education and health Focusing on the concept of Digital India, Union Telecom Minister Ravi Shankar Prasad highlighted the importance of technology in the fields of education and health. Telecom India's Idea Cellular hikes capital spending guidance to launch 4G MUMBAI Idea Cellular Ltd ( IDEA.NS ) has raised its annual capital spending guidance by about a fifth as it prepares to roll out a high-speed fourth-generation (4G) network to cater for rising demand for mobile data. The country's third-biggest mobile operator now expects to spend 60-65 billion rupees ($945 million to $1.02 billion) in the year to March 2016, up from the 50-55 billion rupees guidance given in April, Chief Executive Himanshu Kapania said on Tuesday. Earlier in the day, Idea reported a better-than-expected 28 percent rise in quarterly profit, helped by higher data revenue, and said it would introduce 4G services in 10 of the country's 22 service areas next year. - Firstpost Telecom As Marans' Sun TV takes on home ministry, other Tamil channels take on Sun TV The Sun Group has filed a petition in the Madras High Court challenging the refusal of the union home ministry to allow it to take part in the FM Phase III auction. Finance In a first for Indian companies, Maruti overtakes Japanese parent Suzuki in market value Maruti Suzuki has achieved a feat no other Indian company with a foreign parent has ever done. It has outgrown Suzuki Motor in market value. Finance Cairn-Vedanta merger blues: After LIC, UIIC unhappy The minority shareholders of Cairn India today voiced concerns over the company not getting a "fair valuation" in the $2.3-billion all-share merger with parent Vedanta and use of its over Rs 24,000-crore of cash pile. Finance Solvency-II in insurance may take longer to be implemented Not all players in the Indian insurance sector are ready for a solvency mechanism based solely on risk Finance Why did fraud regulators visit Barclays 186 times last year? ReutersFormer Barclays CEO Antony Jenkins.The Financial Conduct Authority visited Barclays 186 times last year. That's more than double the 85 appointments Food/FMCG FSSAI okayed packaging, then accused us of mislabelling: Nestle India tells High Court Nestle India told the Bombay High Court on Tuesday that the Food and Safety Standards Act of India (FSSAI) hadnt given it the data based on which the regulator had banned Maggi noodles in June. Food/FMCG Darjeeling's iconic Makaibari tea set to enter Dubai market The tea company is in talks with Dubais upmarket luxury food chain Bateel to sell its teas where demand for premium quality tea is rising. Food/FMCG Beverages and Drive Thru to be key drivers for McDonald's Hardcastle Restaurants, which holds the development, licence franchisee for McDonald's in south and west India has earmarked an Rs 150-crore capex this fiscal. Food/FMCG How Hector is riding high on Paperboat The five-year-old start-up is now looking at setting up a third plant for its traditional beverages; it is also planning to step up its marketing campaign but competition is growing even in this niche Software Infosys offers 2,600 promotions in June quarter with variable payouts increased to 80% Infosys has won nearly 80 clients in the last one year. The major ones include Deutsche Bank, Allied Irish Banks, ServiceFirst, FTS International among others. The software provider said it won six deals each worth more than $50 million in total contract value. Software Why Flipkart's App-only strategy may work well for the business? By going app-only, Flipkart will shoot two birds with a single arrow. It will cut infrastructure costs (not sales) and expand its market to cover all of India, eventually beating Amazon. Here's how. Software Google releases a cloud manager ready for the enterprise : Will help to build applications that can be easily scaled, duplicated and upgraded Some of the biggest names in IT and online services have banded together to standardize the way applications are run in the cloud. Software Infosys picks up speed in 2016 : Quarterly revenue growth fastest in 3 years at $476 million Country's second largest software services firm Infosys today said it has brought its attrition rate under control and expects to see a further 200 basis points improvement in the coming quarters. Ecommerce Flipkart-owned mobile fashion store Myntra appoints McKinsey director Ananth Narayanan as its chief executive officer; Mukesh Bansal to be Board chairman Ananth Narayanan who will join Myntra in October, is a 15-year McKinsey veteran Ecommerce Ola debuts its hyperlocal delivery app Ola Store, starts with Bangalore; offers over 12,000 products across 13 different product categories Ola Store, the standalone hyperlocal grocery and daily needs delivery app from online cab hailing service Ola, is now operational in Bangalore. Ecommerce Bengaluru's food delivery start-up Swiggy expands operations to Pune; partners with over 1,500 restaurants across the cities where it operates The food delivery start-up recently launched its operations in Mumbai and also has presence in cities such as Bengaluru, Gurgaon, Delhi and Hyderabad. Ecommerce About Rs2,000-4,000 crore likely to be spent by 56 e-commerce brands on television this year, several estimates show About Rs2,000-4,000 crore is likely to be spent by 56 e-commerce brands on television this year, several estimates show Franchise Can social networking be utilized effectively for franchise lead generation purposes? In light of recent discussions at the recent International Franchise Association Convention about "new" ways of generating franchise candidate leads, and as I continue to field an influx of questions from start up and emerging franchisors trying to find a "silver bullet" to jump-start franchise sales, I am again sharing the following article I wrote… HR 2600 Promotions at Infosys in June quarter, variable payouts increased to 80% Infosys has promoted over 2,600 employees and executives across the company and increased its overall variable payout in the June quarter after turning in one of its best quarterly performances in five years. HR The Challenges Of Talent Retention Acquiring the right talent at the right time will always be a key focus in the hospitality industry. With newer hotels and brands entering the Indian market, the human resource departments are adopting strategies to attract and retain the best talent, both fresh and lateral hires By Kahini Chakraborty HR 5 ways corporate HR departments monitor your movements — even when you're not in office More and more workers are being spied on by human resources and they probably don't even know it HR Massive layoffs expected at Vedanta? Read on to know why! The aluminium business of Vedanta Ltd has scaled down operations and may make "huge" job cuts due to low world prices and rising imports, its head told Reuters, Logistics Army logisticians wary of commercial orientation of railways, Air India ; fear it might interfere with security specially in certain sensitive zones At a seminar on military logistics, experts called for reorientation of the entities towards defence Logistics Food processing department to give grant to women entrepreneurs Logistics UK to work with India on creating a cold food chain; suggest 60,000 trucks are needed immediately A UK-based company has plans to roll out clean cold technology in India to move perishable goods efficiently from producer to consumer and help the country tackle its food crisis by reducing food loss. Logistics Punjab Roadways to install CCTV cameras in buses Punjab Government today invited e-tender to install CCTV cameras in the roadways buses and at the bus stands with an aim to provide better security to commuters. Construction Office space absorption rise by 32% in cities like Hyderabad, Bengaluru, Pune, and Mumbai HCC Bags Rs. 785-Cr Deal From Northeast Frontier RailwayNDTVHCC-Coastal JV awarded Rs 785 crore contractIndiainfolineHCC JV bags contract worth Rs 7.85 bnMyiris.comall 14 news articles » Construction Why industry players are divided on Real Estate outlook? Though residential real estate prices have corrected sharply over the past few months in some of ... Construction Wadhwa Group emerges as the highest bidder for 6.5 acre thane plot with bid of Rs 208 crore An email query sent to HDFC remained unanswered until the time of going to press, Wadhwa Group spokesperson confirmed the development. Construction Decade old alliance between Emaar Properties and MGF to end Dubai-based Emaar Properties PJSC and Indian partner MGF Developments are close to ending their decade-old joint venture. Marketing Can mobile payment firms sustain discounts? : Deep dive Flush with funds, these companies are trying to buy customers the same way online retailers like Flipkart, Amazon and Snapdeal do Marketing Creating great content is only half the battle : Gulshan Verma Creating great content is only half the battle: Gulshan VermaExchange4MediaIn India we've been constantly growing our publisher network and this further extends the content marketing opportunity for brands in this market. A growing network that today extends ... For example, we observed that particularly in markets like India Marketing The Top 10 Paid Social Media Hacks of All Time : List Want to create kick-ass paid social media campaigns? Larry Kim offers his ultimate list of the top 10 paid social media hacks of all time. Politics Allies of NDA unhappy with BJP's floor management despite a weak Opposition NDA insiders say the Opposition unity has always been highly fragile but the BJP has failed to take advantage of it. Politics Not invited for key Beti Bachao-Beti Padhao event: Haryana Health Minister Anil Vij Haryana Health Minister Anil Vij claimed on Tuesday he has not been invited to a key event related to the campaign. Politics BJP dissociates itself from Shanta Kumar's remarks, says he was 'carried away by Congress propoganda' The BJP on Tuesday snubbed Shanta Kumar over his concerns on charges facing BJP-run state governments, saying he has been carried away by the Congress propaganda. - Firstpost Politics BJP's M J Akbar takes oath as Rajya Sabha member after Jharkhand bypoll win BJP's national spokesman M J Akbar, who won the Rajya Sabha bypolls from Jharkhand earlier in July, took oath as a Rajya Sabha Member on Tuesday. Sports BCCI announces ICC World T20 2016 venues, Eden Gardens to host final The Indian Express was the first to report about Eden Gardens hosting the ICC World T20 final. Sports Under coach Rahul Dravid, India 'A' embark new season Rahul Dravid has laid emphasis on the bowlers' ability to take 20 wickets and batsmen intent to stay longer period of time at the wicket. Sports Formula One family pays tributes to Jules Bianchi at F1 driver's funeral Bianchi was the first driver to die of injuries sustained in an F1 race since Ayrton Senna was killed at the 1994 San Marino GP. Sports Shane Warne meets Sachin Tendulkar for 'final planning meeting' Shane Warne recently confirmed that famous baseball venues have been booked for a series of exhibition matches. Entertainment ‘Bajrangi Bhaijaan': 10 things you didn’t know about Salman Khan’s Munni Harshaali Malhotra Little does everyone know that Harshaali Malhotra is not new to the industry and she has done a few television shows earlier. Entertainment 'Powerful' Hollywood is affecting Indian cinema: Irrfan Khan Irrfan Khan believes Bollywood films are not a competition for Hollywood but the picture is different in India. Entertainment 'Bajrangi Bhaijaan' mints Rs.27.05 crore on Monday, inching close to Rs 150 cr mark 'Bajrangi Bhaijaan' has raked in over Rs.27 crore on the first working day of the week and is inching close to Rs 150 crore mark. Entertainment Parineeti Chopra not Haryana ambassador for ‘Beti Bachao': Minister Kavita Jain Kavita Jain said the Haryana government has not made any payment to Parineeti Chopra for the purpose. 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