November 23, 2015 - Is the bubble bursting for India's online startups? Hundreds of layoffs sparks fears

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Blog Sree Vijaykumar From the Editor's Desk Google recently open sourced its Artificial Intelligence engine, Tensorflow. You can follow developments here. It indicates a world where Google stands to gain more by letting the world develop some of its algorithms than holding on to it as a core asset, which was the approach with search and many of its other services before. It also indicates a world where Google probably considers data as its core asset and is willing to bet on algorithms developed by the community to drive shareholder value. This is a remarkable shift in thinking and will spur faster innovation. - Comment Digital Is the bubble bursting for India's online startups? Hundreds of layoffs sparks fears Hundreds of layoffs at several Indian start-ups have sparked fears the bubble is starting to burst for the country's e-commerce companies. Advt: Get qualified leads for your business TradeBriefs introduces automated mobile number verification, progressive qualification and other API-based verification. Save time and money! Advt: Diamond India Ltd. introduces Limited Edition Sachin Tendulkar Swiss Silver Coins. Digital marketing is evolving everyday. Keep up with the latest trends. Digital IndiaMART to invest Rs 100 crore in Tolexo for its brand building by March 2016 IndiaMART plans to invest Rs 100 crore in its arm Tolexo for its brand building and business operations by March 2016. Digital Housing.com dissolves operating committee set up by investors to oversee management Housing.com has dissolved the operating committee set up by investors, a development that comes a week after the appointment of Jason Kothari as chief executive. Digital Reliance Jio plans to position itself as a digital content company to take on peers The Reliance Industries Ltd (RIL) unit plans to bundle this with bandwidth and talk time, in contrast with rivals that offer data and voice packs. Digital India test-fires indigenously developed supersonic interceptor missile Business Standard, India's leading destination for latest news, analysis and opinion on markets, companies, industry, economy, policy, banking and personal finance. Retail Groffr promoter Redstone Consultancy files case against Grofers for using similar sounding name Redstone Consultancy filed a case against Grofers India Pvt Ltd for “passing off” and using a similar sounding name to confuse consumers in the Delhi HC. Retail Walmart offers entrepreneur development programme for women Walmart India today announced an entrepreneur development programme for women, a move Retail Ayurvedic and herbal FMCG: Ramdev's Patanjali setting the trend that HUL follows How Hindustan Unilever is recasting its ayurvedic and herbal FMCG business in a fast-growing sector in which Ramdevs Patanjali is setting the pace. Retail Reliance Jio seals deal with phone companies like LG and Lenovo for sale Samsung has not joined the Reliance platform for its VoLTE handsets because it doesn't want to annoy its existing distributors. Telecom Reliance Jio's entry will increase competition in telecom sector, lower data tariffs Reliance Jio's entry will increase competition in telecom sector, lower data tarrifs - The impending entry of Reliance Jio will increase competition in the Indian telecom sector and pressurise credit profiles of the top-four telecom companies, Fitch Ratings has said. Telecom Centre working towards better ranking for India in global telecom union list Setting parameters for improving quality in information and communication technologies Telecom Feature phone growth outstrips smartphone sales in India for Q3 ​In a bizarre twist, aggressive distribution strategies as well as mistrust of more expensive smartphones have helped feature phones stage an unlikely comeback. Telecom Mobile Science bus on Digital India launched in Kolkata Business Standard, India's leading destination for latest news, analysis and opinion on markets, companies, industry, economy, policy, banking and personal finance. Finance No signs of good days for small- and mid-sized firms An analysis of firms with revenue below `500 crore shows net sales growth continued to decline, down 5.5% at the end of the September quarter, the worst in two years Finance Will masala bonds whet the appetite? It remains to be seen whether interest for masala bonds is sustained, or after a few signature deals, investors develop cold feet once novelty factor wears off Finance China's economic slowdown adversely affected India: Raghuram Rajan China's pain of economic slowdown is India's pain too, RBI Governor Raghuram Rajan said contradicting government assertions that India will not be affected by deceleration of Chinese economy. Finance Rise in oil consumption hints at likely economic liftoff The economy seems on the cusp of a consumption-driven revival. Rising sales of vehicles and a growing appetite for oil hint at likely economic liftoff. Software Google’s search engine to now crawl through and index mobile apps Software China's search engine Baidu, Alibaba and Tencent are scouting for Indian startups to invest The growing interest in India comes at an opportune time for BAT, with venture capital investors realigning their portfolios as startups are struggling to sustain. Software ‘Facebook At Work’ enables you to chat privately with colleagues soon If you are waiting for “Facebook At Work” to come to your workstation so that you can work closely with colleagues, now get ready for another feature that you would never like to miss: “Work Chat.” Ecommerce Only Jabong loss-making in GFG clan Jabong has been losing market share to Flipkart, Snapdeal and Amazon, e-tailers who have seen demand for apparel and accessories rise sharply. Ecommerce Is the bubble starting to burst for India's e-commerce companies? Hundreds of layoffs at several Indian start-ups have sparked fears the bubble is starting to burst for the country's e-commerce companies, amid claims.. Ecommerce Flipkart hires former Twitter executive Tarun Jain to head the products division Flipkart, Indias largest ecommerce company, has hired former Twitter executive Tarun Jain to head the products division of its online advertising business. Ecommerce Gionee Marathon M5 will be Flipkart Exclusive in India Gionee is all set to launch, Gionee Marathon M5, its new smartphone under Marathon series in India. The smartphone with huge battery will be launched in India on 24 Nov. Franchise Is the bubble starting to burst for India's e-commerce companies? Recent events at TinyOwl, Zomato and Housing.com suggest that not all is well. HR Global talent heads for Indian startups With power shifting to the millennials, the road ahead for India’s sophisticated digital upgrade looks promising HR Mistry inaugurates new XLRI campus Tata Sons Chairman, Cyrus P Mistry, inaugurated the new campus of XLRI School of Business and Human Resources on Tuesday, which is a contiguous extension of the existing campus. HR Girish Mehta appointed as MedGenome India CEO MedGenome Labs Private Limited today announced the appointment of Girish Mehta as its CEO India. HR Govt panel suggests cap on fee for MBA, engineering courses in private institutes If the recommendations are accepted, all private institutions taking more than the prescribed fee will have to fall in line. Logistics Logistics and Retail industries wait with baited breadth: JD(U) likely to make a U-turn on GST Bill in Winter Session JD(U) and Lalu Prasad's RJD, which has returned to power in Bihar after 10 years, leaders have said a final decision will be taken in the coming days. Logistics Air India in the eye of a storm; has posted a loss of 55 billion rupees last fiscal Etihad, Emirates and Qatar Airways have moved swiftly to take advantage of the Indian flag carrier’s woes as it struggles with mismanagement and falling routes. Logistics Air India mops up Rs 7000 crore through aircraft sale, can clear a part of the Rs 40,000 cr debt Adopting the sale and lease-back route, debt-ridden Air India has raised almost Rs 7,000 crore by selling nine of its 21 Dreamliners to a Singapore-based leasor and then leasing the planes from it. Logistics Turkish Airlines flight diverts to Canada after bomb threat The RCMP said on its Twitter feed that it would not comment on the details of the bomb threat and was looking to identify the person or persons responsible. Construction Tata Housing, Neptune ink pact for 1.2 million residential project The project, estimated to have total development potential of 1.2 million square feet, has already secured all approvals to commence the work. Construction Rs 1,000 crore housing project to be build by Sobha in Gurgaon Sobha Ltd has tied up with another realtor Chintels India to develop a group housing project comprising of 1,700 flats in Gurgaon at an estimated cost of Rs 1,000 crore. Construction Office space growth soars while residential slump Even as residential segment languishes, supply of office space is less than demand from companies or occupiers Construction Navi Mumbai gets positive response to smart city plan Civic commissioner D T Waghmare said that the response has been huge and the responses are being processed Marketing Snapchat's $16 billion valuation under threat : Report Snapchat, maker of a free mobile app that lets users send videos and messages that disappear in seconds, is struggling to gain traction with advertisers, fueling investor concern that its $16 billion valuation isn't justified by a business that hasn't yet shown it has a steady source of income. Marketing How Indian firms are trying to survive global slump in ad tech : Report Indian ad tech firms are betting on two diverging and unproven strategies to try and survive the onslaught from the global technology giants Marketing Mobile Marketing to Shift Away from Display Towards Content : Report Startups are key for mobile marketing success – insights from the MMA 2015 Summit Marketing Looking beyond Samsung: Shiv Sethuraman The focus is now on growing business beyond Samsung and tapping opportunities in the retail and e-commerce space, Sethuraman tells Sangeeta Tanwar Politics Create wealth and jobs: Here’s what should be CM Nitish Kumar’s game plan for Bihar As Nitish Kumar returns as Bihar CM, his game plan should be clear: Press on with policies that offer educational opportunities, further economic progress. Politics Narendra Modi Says Terrorism Is No Longer A 'Peripheral Problem' For Southeast Asia KUALA LUMPUR -- Voicing concern over a spate of recent terror attacks in several countries, Prime Minister Narendra Modi today said terrorism is no longer a "peripheral problem" for the regi Politics BJP versus everyone else: Mamata is only as anti-Modi as required to keep her 30% Muslim voters happy Right now, Mamata Banerjee needs the Mahagathbandhan as much as they need her. She has of course her kitty of 34 Lok Sabha MPs to bring to the table, a kitty that may well increase in the next round as the BJP is likely to continue its rapid downhill slide in the state since the high of 2014 Politics BJP using me as a political tool to divert public attention, says Robert Vadra Robert Vadra, whose land deals are being probed in BJP-ruled Haryana and Rajasthan, on Sunday contended that he was being subjected to a "political witch-hunt" and used as a "political tool". - Firstpost Sports Pankaj Advani clinches 15th world title Pankaj Advani looked unstoppable against his talented opponent even after the break. Sports India beat Pakistan 6-2 in junior men’s hockey Asia Cup final Harmanpreet Singh was the star of the final with four goals in the contest. Sports Pink-ball cricket, start of a new era I congratulate the two Boards, Cricket Australia and New Zealand Cricket, for their bold step in leading the way following the ICC's approval, Zaheer Abbas writes. Sports Buffon names Casillas as the best goalkeeper of his era Gianluigi Buffon believes Iker Casillas has been the best goalkeeper of his era but feels Petr Cech is the “most complete overall” over the past three years. Entertainment Anil Kapoor ‘nervous’ about second season of ’24’ Anil Kapoor says he is "nervous, anxious and super excited" about the second season of his show '24'. Entertainment Om Puri to be back in Malayalam films after 27 years After a gap of nearly three decades Om Puri is all set to make a comeback in Malayalam films with an upcoming horror thriller. Entertainment Big challenge to write on crime: Prasoon Joshi Prasoon Joshi says it is a big challenge to write on crime and that he is open to exploring the genre. Entertainment ‘Tamasha’ not autobiographical, says Imtiaz Ali Imtiaz Ali says, ""Tamasha" is not an autobiographical, there might be a few moments from my life." 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