Thursday, August 6, 2015

August 6, 2015 - Congress-ruled Karnataka to be flagship for PM Modi's Digital India initiative; to roll out 376 services in next 3 months

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Digital
Congress-ruled Karnataka to be flagship for PM Modi's Digital India initiative; to roll out 376 services in next 3 months
Congress-ruled Karnataka to be  flagship for PM Modi's Digital India initiative; to roll out 376 services in next 3 months - Economic Times
Pushed by CM Siddaramaiah, the states e-governance department is set to roll out 376 government services within the next three months.

Digital
Snapdeal plans to invest $100 million on research & development in 3 years
Snapdeal plans  to invest $100 million on research & development in 3 years - Financial Express
The City-based firm, which has set up a centre in Bangalore, is investing heavily in new technologies related to multimedia and image in the coming quarters.

Digital
High net worth individuals have invested more than Rs 1200 crore in startup-focused VC funds in India
High networth individuals (HNIs) have invested more than Rs 1,200 crore into venture capital funds focused on helping early-stage entrepreneurs.

Digital
Government looks to start an incubator for IT startups in Panaji
Ready To Offer Free Internet And Rent-Free Office Spaces


Retail
E-comm, health portal to drive Tata's Rs 1000 cr digital push
E-comm, health portal to drive Tata's Rs 1000 cr digital pushThe platform will tie-up with about 80 brands, of which less than 10 are from the Tata fold -- Croma, Westside, Tanishq and others. The data analytics firm will be based out of Bengaluru and will manage data based on customer approval. "With the ...

Retail
Five e-commerce marketing trends that will dominate 2015
Five e-commerce marketing trends  that will dominate 2015 - YourStory.com
The stage has been set for a while now and e-commerce organisations, today, continue to pave the way in the digital shopping experience. As technology cont

Retail
Flipkart starts furniture sales initially in Delhi, Mumbai and Bengaluru and plans to add more cities over the next six months
Firm will offer products initially in Delhi, Mumbai and Bengaluru and plans to add more cities over the next six months

Retail
Logistics M&A Wave to Continue, PwC Says
Logistics M&A Wave to Continue,  PwC Says - Wall Street Journal
Logistics and trucking companies have been buying each other at a rapid clip, taking advantage of an improving economy and a stronger dollar


Telecom
We do not want regulation of OTTs. All we want is regulation of VoIP as as arbitrage is there: Gopal Vittal
We do not want regulation of  OTTs. All we want is regulation of VoIP as as arbitrage is there: Gopal Vittal - Financial Express
As Bharti Airtel, India's largest telecom operator, completes two decades of mobile services, it's set to face competition from Reliance Jio by the end of the year.

Telecom
Flipkart, Amazon, Snapdeal: Big Rivalry, Brash Trolling
Flipkart, Amazon, Snapdeal: Big  Rivalry, Brash Trolling - NDTV
The battle for supremacy between Amazon, Flipkart and Snapdeal in the bulging e-commerce market is rapidly heating up, but not just with competing and multi-billion-dollar investments, but a whole lot trolling on Twitter.

Telecom
Apple: No plan to become mobile service provider
Apple: No plan to become mobile  service provider - India today
By Eric Auchard and Leila Abboud FRANKFURT/PARIS - Apple Inc, the world's most profitable mobile phone maker, has denied a report that it is working on a

Telecom
Visa to pilot its global app-based mobile payment service in India
Visa Inc, the global payments technology solution firm, will make India a global test bed to pilot an app-based mobile payments service, mVisa. The service will enable users to transfer money and make micro payments for services such as buying bus 


Finance
Some of the most influential Dalal Street investors you've never heard about
Some of the most  influential Dalal Street investors you've never heard about - Economic Times
Their long association and huge cache of shares make them very influential on D-Street as promoters dread their unwavering gaze.

Finance
Power Finance Corporation to buyback infrastructure bonds
PFC's infrastructure bonds were sold for 10 years and 15 years and it is now planning to buyback the set of bonds with shorter maturity.

Finance
Standard Chartered India loss pulls down global performance
Bank reports $276 mn loss for six months to 30 June after setting aside $483 million for possible losses on loans

Finance
Record rally in midcap stocks may be heading towards a crash
Since 2000, Dalal Street has witnessed two major bubbles; the first was in technology stocks in 2001 and the second in infrastructure and real estate stocks in 2007.


Food/FMCG
Mondelez global CEO Irene Rosenfeld concerned over slow growth in India unit
Mondelez global  CEO Irene Rosenfeld concerned over slow growth in India unit - Economic Times
Irene Rosenfeld, global chief executive of foods major Mondelez, has raised concerns over its soft revenue expansion in India.

Food/FMCG
FSSAI trashes all-clear reports to Maggi from Goa, Mysore labs
FSSAI trashes all-clear reports  to Maggi from Goa, Mysore labs - ET
FSSAI said it has not given any clean chit to Nestle's banned Maggi noodles as it rubbished all-clear reports from two of its own empanelled labs, saying there were lapses in the tests.

Food/FMCG
State FDAs product approval system bringing back inspector raj: Food companies
State FDAs  product approval system bringing back inspector raj: Food companies - ET
Soon after the ban on Maggi noodles in June, Food Processing Minister Harsimrat Kaur Badal had openly criticised the effects of regulatory overreach.

Food/FMCG
Procter & Gamble slashes shampoo prices to take on rival Hindustan Unilever
Procter & Gamble  slashes shampoo prices to take on rival Hindustan Unilever - Economic Times
This makes Head & Shoulders 17% cheaper than HULs Clear, while Pantene is now 24% cheaper than HULs Dove, compared to an 11% premium earlier.


Software
Cognizant raises revenue guidance to $3.14 bn for Q3 : Q2 net at $420 million
IT services major Cognizant reported its second quarter revenue at $3.09 billion, up 22.6% from the year-ago period and up 6.0% sequentially. Revenue for the second quarter of 2015 rose to from $2.52 billion in the second quarter of 2014.

Software
Google rolls out a big software update for Android : Fixing the Hangouts hack quickly
Security researchers scared the shit out of Android users last week when they revealed a vulnerability that let hackers control your phone with a single text.

Software
Infosys eyes $2 billion revenue by 2020 from products and new services
Infosys eyes $2  billion revenue by 2020 from products and new services - Economic Times
Indias second largest software exporter Infosys is undertaking a complete revamp of its products business under Michael Reh.

Software
HCL veteran Vineet Nayyar to become the Vice Chairman at Tech Mahindra
HCL veteran  Vineet Nayyar to become the Vice Chairman at Tech Mahindra  - Economic Times
Country's fifth-largest software services firm Tech Mahindra today said its Executive Vice Chairman Vineet Nayyar will assume the role of Vice Chairman of the firm with effect from August 10.


Ecommerce
Snapdeal to invest $100 million in its Bangalore based Multimedia Research Lab; lab focuses on in-house, cutting-edge technology solutions
Snapdeal to invest $100 million  in its Bangalore based Multimedia Research Lab; lab focuses on in-house, cutting-edge technology solutions - Economic Times
Snapdeal's Findmystyle.in website will allow to discover products of choice while saving time and effort.

Ecommerce
Flipkart return policy runs into trouble with Shroff Publishers; Flipkart neither sharing buyer details with them, nor giving sufficient reasons returns
Aziz Shroff, the chairman and managing director of Shroff Publishers and Distributors, told FE that Flipkart is neither sharing buyer details with them, nor giving sufficient reasons for any returns.

Ecommerce
MobiKwik partners with Walmart to power 20 of Walmarts chain of outlets named Best Price Modern Wholesale stores in nine states
MobiKwik partners with Walmart  to power 20 of Walmarts chain of outlets named Best Price Modern Wholesale stores in nine states - iamWire
MobiKwik has announced its partnership with Walmart to power 20 physical stores in nine states across India with its mobile payment solution. The new solution will enable small businesses and kirana stores under Walmart's Best Price programme.



HR
How CEO Vishal Sikka Gave Infosys a 'Dressing Down' and Trimmed Attrition Rates
How CEO Vishal Sikka Gave  Infosys a 'Dressing Down' and Trimmed Attrition Rates - International Business Times, India Edition
Infosys CEO Vishal Sikka may have just completed one year at the Indian technology behemoth, but he already has 'Infoscions' eating out of his hands thanks to the changes he brought in.

HR
How Pay Commissions Play a Key Role in Boosting India's Growth
How Pay  Commissions Play a Key Role in Boosting India's Growth - International Business Times, India Edition
Pay Commissions, which are regularly constituted to review salaries of Central government employees, give a fillip to the Indian economy, according to analysts. The sixth Pay Commission partly offset the after-effects of the 2008 Lehman crisis on Indian markets.

HR
Online Hiring in India Grew 32 Percent in July: Monster Index
Online Hiring in India Grew 32  Percent in July: Monster Index - NDTV
Monster.com's employment index, a monthly gauge of the country's online job demand, rose 50 points in July.

HR
Job sentiment improving shows employment index
Job sentiment improving shows  employment index - Economic Times
The augmentation of the index exhibits assurance in Government initiatives towards improving the ease of doing business in India.


Logistics
Maharashtra to have ' Smart Villages' with new development strategy for its 6.16 cr rural population residing in 40,960 villages
Maharashtra to have ' Smart  Villages' with new development strategy for its 6.16 cr rural population residing in 40,960 villages  - Economic Times
As per the 2011 Census, there are 40,960 'inhabited villages' in the state. Of the total population of 11.23 crore, 6.16 crore people live in the rural areas.

Logistics
Himachal clears World Bank funded HP Horticulture project
Indian Railways: Safety first policy as a core value at heart and work on safety must be an ongoing daily action - Hindustan Times
Himachal cabinet today approved World Bank funded HP Horticulture Development Project worth Rs 1,000 crore for the State.

Logistics

Logistics


Construction
Orbit corporation in tussle with lenders over dues
Orbit corporation in tussle with  lenders over dues - The Financial Express
Anxious about the distressed financial state of real estate players, banks are working overtime to recover their dues.

Construction
Rs 200cr worth real estate assets to be sold by Reliance Capital
Rs 200cr worth real estate  assets to be sold by Reliance Capital - ETRealty.com
The sale was announced in December last year and excluded real estate owned by RMW at Imax Wadala and other properties...

Construction
Affordable home launches up 320%, developers offer 7000 affordable units. However, no takers
9The real estate market in the country's top eight cities recorded a 320% year-on-year jump in affordable home launches in the quarter to June, according to a report by property advisory Cushman & Wakefield, indicating a shift in strategy by builders to beat the slump

Construction
Logix's Noida housing project exited by ICICI Prudential
Realty player Logix Group has bought back its equity stake in a housing project at Noida from ICICI group's real estate fund.


Marketing
Why axing Urbanspoon is a gamble that could pay off for Zomato : despite user backlash : BRW
In January Indian start-up Zomato acquired Urbanspoon for an estimated $US60 million and in June Urbanspoon dissolved without fanfare, with its traffic redirected to Zomato.

Marketing
Rebranding Dr Reddy's : The story
Rebranding Dr Reddy's : The  story - Business Standard
An old pharma warhorse gets a new look as it focuses on how to make its drugs affordable, available and relevant

Marketing
Bata to invest Rs 100 cr, sharpens digital focus : Report
Country's largest footwear maker Bata India on Wednesday unveiled plans to invest Rs 80-100 crore to grow business and invest in capacities this year.

Marketing
In the Moment Marketing With Mobile Advertising : The Next Big Leap
In the Moment  Marketing With Mobile Advertising : The Next Big Leap - ClickZ
The new battle for the consumer is raging on mobile, as preferences and purchase decisions are made in "micro-moments".


Politics
Power doctrine of Ajit Doval: Why it is much better than empty Gandhi-giri

NSA Ajit Doval enunciated the right ideas on how India should seek to strengthen itself and learn to punch at its weight.

Politics
Political war of words erupts between Nitish, BJP over PM Modi's 'DNA' remark

The battle for Bihar hotted up on Wednesday, with Nitish Kumar raking up Prime Minister Narendra Modi's 'DNA' barb against him.

Politics
SP sees 'new Jinnah' in Owaisi, tells cadres to oppose AIMIM chief's entry to Uttar Pradesh

The ruling Samajwadi Party in Uttar Party has finally acknowledged that the Hyderabad leader Asaduddin Owaisi is actually a threat to the party's political future in the state, and the party workers have been asked to both beware of him and oppose his entry into UP at all costs.

Politics
After Udhampur attack, Congress charges Modi sarkar with being 'soft' on terror

Ahead of NSA-level talks between India and Pakistan, Congress charged the NDA government with being "soft" on terror and reminded Prime Minister Narendra Modi of his assertion as an opposition leader that talks should not be held with Islamabad in the shadow of gunshots.


Sports
India tour of Sri Lanka: India look to connect the dots

Three-day tour game beginning Thursday gives undercooked tourists opportunity to ease into Test mode.

Sports
Narendra Modi congratulates Indian contingent for winning 173 medals at Special Olympics

Indian contingent won 47 gold, 54 silver and 72 bronze in 14 disciplines during the nine-day event that ended August 2.

Sports
Twitter shocked after attack on Wasim Akram

Wasim Akram's car attacked by a gunman while he was driving near the National Stadium in Karachi.

Sports
Furious Messi headbutts Yanga-Mbiwa in Roma friendly

Lionel Messi was lucky not to receive a red card in Wednesday's friendly against Roma when he headbutted Mapou Yanga-Mbiwa.


Entertainment
Salman Khan, Big B, Akshay Kumar in top 10 highest-paid actors list, earn more than Johnny Depp

Amitabh Bachchan, Salman Khan and Akshay Kumar are among the world's top ten highest-paid actors in Forbes first global list of actors.

Entertainment
Priyanka Chopra impresses with her appearance on 'Quantico' panel at Television Critics Association

Priyanka Chopra was at the Television Critics Association (TCA) Summer Press Tour for a panel discussion on 'Quantico'.

Entertainment
Can never be a part of a brain-dead film: Richa Chadha

Richa Chadha says she is not averse to the idea of doing a commercial movie, but can never be a part of a brain-dead film.

Entertainment
Jimi Hendrix documentary to hit Showtime next month

Jimi Hendrix's documentary, "Jimi Hendrix: Electric Church", will debut on Showtime on September 4.


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