Thursday, July 9, 2015

July 9, 2015 - Tata Sons Chairman, Ratan Tata continues to invest in startups. His latest investment is in electric vehicle firm Ampere

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Digital
Tata Sons Chairman, Ratan Tata continues to invest in startups. His latest investment is in electric vehicle firm Ampere
Tata Sons Chairman, Ratan Tata  continues to invest in startups. His latest investment is in electric vehicle firm Ampere - VC Circle
Ratan Tata, chairman emeritus of Tata Sons, has made an undisclosed personal investment in Coimbatore-based electric bike company Ampere Vehicles Pvt Ltd. This would be Tata's ninth known investment in the technology space since he retired as executive chairman of Tata Sons in 2012.

Digital
Many Startups go app-only, A new phenomenon in the startup world with brands like whatsapp, Uber and myntra
App-only is hardly a new phenomenon. Uber and Whatsapp were app-only from the beginning.

Digital
National Skills Policy likely to be unveiled by PM Narendra Modi on July 15 | Latest ...
National Skills Policy likely to  be unveiled by PM Narendra Modi on July 15 | Latest ... - India.com
Prime Minister Narendra Modi is likely to unveil the new National Policy for Skill Development and Entrepreneurship on July 15, on the occasion of World Youth Skills Day.

Digital


Retail
Start-ups see a billion-dollar opportunity in used clothing, borrowing from overseas success stories such as Poshmark, Secoo
About two dozen start-ups that have mushroomed in the past year are tapping into a billion-dollar opportunity in selling pre-owned branded and designer apparel and renting garments

Retail
Top 30 Online Stores of India With The Best Free Coupons
Top 30 Online Stores of India  With The Best Free Coupons - Oneindia
Top 30 Online stores of India With The Best Free Coupons.

Retail
Japans sportswear brand ASICS opens first standalone store, a 670 sq. ft outlet at a mall in south Delhi
On Wednesday, ASICS Corp. opened its first store in India—a 670 sq. ft stand-alone outlet at a mall in south Delhi.

Retail
Market for online grocery retail is growing at a steady 25-30% in Indian metros: Technopak
India's online grocery retail industry is bustling with activity. With estimates pegging the business as close to $20 billion by 2020, several players are


Telecom
Microsoft to cut 7,800 jobs, take $7.6 billion Nokia writedown, impact in India likely
Microsoft plans to cut as many as 7,800 jobs and write down about $7.6 billion on its Nokia phone-handset unit, wiping out nearly all of the value of a business it acquired just 14 months ago

Telecom
$3 b Amdocs sees mobile financial services opportunity in India
For others India might be one country, but for the over $3-billion Amdocs it is not one market but "two markets", which offer a wealth of opportunity in terms of

Telecom
Vodafone's core upgrade to aid network expansion
Vodafone switches 4G data to new core network - ComputerworldComputerworld Australia

Telecom
Court issues notice to liquidator in Loop's winding up process
A special court today issued notice to an official liquidator, appointed by the Bombay High Court to deal with the issue of winding up of Loop Mobile India Ltd, which is facing trial along with others in a case arising out of the 2G spectrum scam


Finance
Why venture capital firms are backing young entrepreneurs under 30
Why venture  capital firms are backing young entrepreneurs under 30 - Economic Times
With age on their side, founders in their 20s are able to commit prime years of their lives to their companies with laser-sharp focus.

Finance
Eros in talks to sell stake in streaming unit to Fullerton
Eros International, the Bollywood film producer and distributor, is in advanced talks to sell a stake in its Eros Now unit to Singapore-based Fullerton Fund Management Co.

Finance
Foreign shareholding in insurance firms' parent companies not to count for FDI: Finance Ministry
The clarification from the ministry comes after many firms complained about the confusion created by the earlier government view.

Finance
5 ways China market meltdown can impact India
5 ways China market meltdown can  impact India - Business Standard
From smart cities to gold, the fallout of the Chinese meltdown will have far-reaching consequences


Food/FMCG
Kishore Chhabria-led Allied Blenders & Distillers offers to buy 51% stake in Tilaknagar
Kishore Chhabria-led Allied  Blenders & Distillers offers to buy 51% stake in Tilaknagar -  ET
This could mark another round of consolidation in the world's third biggest spirits market after Diageo snapped up United Spirits in recent times.

Food/FMCG
Haldiram products under scanner in Maharashtra
Haldiram products under scanner  in Maharashtra
Maharashtra government today asked its health regulator to check samples of Haldiram's packaged snacks to find if they are fit for human consumption.

Food/FMCG
AIFPA questions food approval process, says law does not have any provision
AIFPA questions  food approval process, says law does not have any provision
All India Food Processors' Association (AIFPA) has questioned the legal standing of the process of food approval in the country.

Food/FMCG
FMCG firms high on ad spends amid slowdown | Business Standard News
FMCG firms high on ad spends  amid slowdown | Business Standard News - Business Standard
Expenditure on these heads up almost 10% in 2014-15, though average sales growth fell 9%


Software
Microsoft to cut 7,800 jobs as a part of a reorg of the phone-hardware business : India likely to be impacted
American technology giant Microsoft on Wednesday announced around 7,800 job cuts as part of a reorganisation of the phone-hardware business it acquired through the buyout of Nokia last year. These layoffs will be in addition to the 18,000 announced in 2014. Microsoft also said it would write down $7.6 billion on its Nokia handset unit, wiping out nearly all of the business' value.

Software
How Indian IT outsourcing firms will benefit from Obamacare?
Healthcare related contracts expected to rise in the US due to Obamacare

Software
Indian Railways launches a pilot project with TCS : Will conduct recruitment exam online
Indian Railways launches a pilot  project with TCS : Will conduct recruitment exam online - Economic Times
"iON has about Rs 1,000 cr in revenue now. It could become a separate unit because it has an entirely different way of working," a TCS exec said...

Software
Infosys signs multi-year and multi-million euro deal from Deutsche Bank
Country's second largest IT services firm Infosys has signed a multi-million euro deal with Deutsche Bank.


Ecommerce
IvyCap Ventures and Dragoneer join existing investor Accel Partners to invest Rs 100 crore, or $16 million, in jewellery e-tailer Bluestone
IvyCap Ventures and Dragoneer have joined existing investor Accel Partners to invest Rs 100 crore, or $16 million, in jewellery e-tailer Bluestone.

Ecommerce
Lendingkart raises $10 Mn funding from Saama Capital and Mayfield Fund; aims at increasing loan disbursement by six times per month and expand its operations
Lendingkart raises $10 Mn  funding from Saama Capital and Mayfield Fund; aims at increasing loan disbursement by six times per month and expand its operations - Inc42 Magazine
Lendingkart.com, which uses Indian social fabric and third party verification to provide loans to businesses, had raised its seed fund from India Quotient...

Ecommerce
Online supermarket LocalBanya has mandated two merchant banks Edelweiss Capital and Spark Capital for raising its next round of equity financing
Online supermarket LocalBanya  has mandated two merchant banks Edelweiss Capital and Spark Capital for raising its next round of equity financing - Economic Times
ET could not ascertain the size of funding LocalBanya is looking to raise. Karan Mehrotra, cofounder and chief executive of LocalBanya, declined to comment.


Franchise
Why Amazon Should Fear Alibaba
Alibaba excels in serving small businesses where Amazon fails.


HR
16,000 jobs in the offing as cabinet approves projects worth Rs 4,000 crore
He said the state industries department would monitor employment generation and progress of the projects, adding that investment projects would be given benefits of customised package under Rajasthan investment promotion scheme 2014.

HR
Need a bank job? New licences set to spark a boom in banking jobs
If a bank job is your dream, the coming months are likely to see an uptick in the job offers. The employment opportunities in the banking sector will open up during October-November period with the Reserve Bank of India expected to issue more licences.

HR
Flipkart to Announce Enhanced Paternity Benefits Shortly
Flipkart to Announce Enhanced  Paternity Benefits Shortly - International Business Times, India Edition
International Business Times, India EditionIndia's e-commerce major Flipkart is set to announce improved paternity benefits for its employees after coming out with better maternity policy for its women staff last week. "Announcing new maternity benefits policy at Flipkart!

HR
TCS results: 5 things to watch out for future
TCS will report its first-quarter results on 9 July, becoming the first among the Big Four in India's $146 billion outsourcing sector to reveal how it fared in the April-June period


Logistics
Railways massive cleanliness drive starts at Lucknow station named ' Operation Clean', the checking drive continues most of the day
Railways launched a massive 'Operation Clean' at Lucknow's Charbagh station on Wednesday under the Swachh Bharat Abhiyan of the Modi government.

Logistics
Container corporation of India is the market leader in the logistics industry in India as per a new research report
Container corporation of India  is the market leader in the logistics industry in India as per a new research report - WhaTech
The report provides detailed overview on logistics and warehousing market in India along with their segments such as Express Logistics, 3PL Market, E-commerce Logistics, Freight Forwarding Market, Industrial and Agricultural Warehousing, Cold Chain.

Logistics
Indian Railways: Mumbai Rajdhani passengers to get destination alert on mobile for night destinations; launch planned today
Indian Railways: Mumbai Rajdhani  passengers to get destination alert on mobile for night destinations; launch planned today - Financial Express
NEW DELHI—Union Railway Minister Suresh Prabhu today launched a mobile ticketing app for unreserved tickets that will cover 35 stations between the 123 km long Churchgate -Dhauroad suburban sect

Logistics
Honda India CEO to increase local content in cars; aims at selling 300,000 by yte 2017
Honda India  CEO to increase local content in cars; aims at selling 300,000 by yte 2017  - Economic Times
Increasing the local content in cars and improving the quality of its supply chain will be a priority for Honda Motor Co in India.


Construction
IndiaProperty to raise $50 mn from private equity funds as the company looks for acquisitions
The company is also looking at acquisitions in the research and technology space

Construction
Ambuja Cements Rs 20 crores to destroy Maggi from Nestle
Ambuja Cements Rs 20 crores to  destroy Maggi from Nestle - The Indian Express - The Indian Express
The controversy and subsequent banning of Maggi noodles in India has wiped out over $200 million or nearly Rs 1,300 crore from Nestles brand value, Brand Finance said.

Construction
Can Great Online Home Festival (GOHF) push online real estate market?
Online sales are only an additional method for developers. Dos and don'ts for buyers remain unchanged

Construction
Prestige Estate in final talks to acquire Exora Business Park worth Rs 1300-1500 crore
Prestige  Estate in final talks to acquire Exora Business Park worth Rs 1300-1500 crore - ET Realty
Prestige Group jointly developed the prime office space with Red Fort Capital and owns the remaining 38% stake in the property. Exora Business Park, located i..


Marketing
Can Renault repeat its Duster-like success with Kwid? : Report
Can Renault repeat its  Duster-like success with Kwid? : Report - Economic Times
As Indians get more sophisticated in their expectations, this could be a good time for Kwid with its marriage of Indian tech and European aesthetics.

Marketing
Microsoft to cut 7800 jobs after writing off Nokia losses : some India impact likely
Microsoft to  cut 7800 jobs after writing off Nokia losses : some India impact likely - Business Standard
Layoffs to be in the phone business; some India impact likely

Marketing
Why Infibeam isn't going the Flipkart way? : The big question
Vishal Mehta is focusing more on Infibeam's software business that allows businesses to create an online storefront


Politics
Vyapam Scam: As Chouhan runs for cover, those rooting for his head are inside BJP

Vyapam is part of the Indian justice system where people often die during investigations into controversial cases.

Politics
Bring on the CBI: Shivraj Chouhan is right to be cocky about the Vyapam scam probe

It is unlikely that Modi will take action against Chouhan. The PM's political past makes it absolutely clear that he doesn't act even when serious allegations are made against his colleagues. He is known to brazen it out and prefers silence over action.

Politics
Yogendra Yadav jibes at Kejriwal, says AAP ruled by 'Delhi Durbar' culture

Taking a swipe at Aam Aadmi Party over discord with its Punjab MPs, former AAP leader Yogendra Yadav said Arvind Kejriwal's outfit is being ruled by high command-centric "Delhi Durbar" culture and Punjab would never accept it.

Politics
Vyapam, Lalitgate scandals reveal a Modi sarkar that is far more brazen than corrupt UPA

It's not surprising that that the BJP has chosen to brazen out the serious charges of impropriety and corruption both at the Centre and in the states.


Sports
Happy Birthday Dada: MS Dhoni shares an old picture with his former skipper

It was Ganguly who brought Dhoni into the national side; interestingly, the former ended his career when Dhoni was the captain.

Sports

Sports
Leander Paes remembers maiden Wimbledon title win

Leander Paes had represented India at several international events and also won a bronze at the Atlanta Olympics in 1996.

Sports
Wimbedon: Roger Federer, Novak Djokovic, Andy Murray in semis, Stan Wawrinka stunned by Richard Gasquet

Roger Federer will play home favourite Andy Murray who he beat to win the 2012 title.


Entertainment
Hema Malini very upset about being portrayed as an irresponsible citizen
Hema Malini very upset about being portrayed as an irresponsible citizen - BollywoodHungama.com news. The shock of the road accident that left Bollywood's 'Dream Girl' Hema Malini injured and shaken has also become a source of great enjoyment for trolls

Entertainment
Shahid Kapoor, Mira Rajput's simple gurduwara wedding: Watch video

Shahid Kapoor and Mira Raput exchanged vows in a simple gurudwara wedding on Tuesday, (July 7) in New Delhi.

Entertainment
Biggest Box Office Clashes Of 2015-2016 : Bollywood's New Trend It Is!

It is a trend of sorts amongst actors to book the festive slots of the year for their film releases. The plus point being that, holiday releases fetch better business, thus making their ventures profitable. There are always stories floating around in the media about release clashes among big stars. No big star films usually release on the same day so as to avoid the business distribution and division of screen count. Although, there seems to be a shift in this trend as this year and also the coming year has some interesting clashes lined up.

Entertainment
Salman Khan approaches police over objectionable WhatsApp messages related to 'Bajrangi Bhaijaan'

Salman Khan has sought the help of the Mumbai police to probe who is behind a fake message in his name about his forthcoming movie "Bajrangi Bhaijaan".


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