Thursday, December 10, 2015

December 10, 2015 - Uber's decision to discontinue auto services in India raises some serious questions

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Globally, over 30% of companies with more than $1b annual revenues are family-controlled businesses. The number is higher in India. As this HBR article suggests, family businesses have several advantages, including a long-term mindset, which helps management make strategic decisions that are required for survival in the 10-year timeframe. Professional firm CEOs are often incentivized for decision-making that maximizes quarterly earnings. The flipside is that family controlled businesses often don't take enough risk, missing out on good acquisitions and positive market cycles. Also, most small family businesses typically don't last beyond a couple of generations. The next generation may not be qualified or interested in running the business. For larger family-controlled businesses, the solution is to professionalize, where the family takes a back seat and appoints professional management to run the show. Companies like Infosys and Marico have led the way here in India. Ideally, a professional management with a family board member who brings in a long-term value system might be the ideal combination - Comment

Digital
Uber's decision to discontinue auto services in India raises some serious questions
Uber's decision to discontinue  auto services in India raises some serious questions - News
The shutting of UberAuto in the capital, just after seven months of launching its service is raising some serious questions on the auto …


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Digital
HyperCat : An exclusive incubator to handhold startups in the area of IoT launched in Hyderabad
HyperCat : An exclusive  incubator to handhold startups in the area of IoT launched in Hyderabad
An exclusive incubator to handhold start-ups in the area of Internet o


Digital

Digital
Thinkcell buys Mumbai-based online aptitude test platform Testfunda.com
Thinkcell Learning Solutions Pvt Ltd, formerly GATEFORUM Educational Services,


Digital
Berlin-based GoEuro Corp founded by India-born Naren Shaam secures $45 million in Series B
Travel platform to use the Series B funding for customer acquisition, product development.


Retail
Did you hear a drought of funding in food tech? Food technology startup Yumist raises Rs 12 crore
Money raised will be used scale up in existing cities — Gurgaon, Delhi and Bengaluru till March, after which Yumist plans to expand to Mumbai and Pu..

Retail
Flipkart & Paytm Emerged as the Most Popular Retail Apps in India In 2015 [REPORT]
Flipkart &  Paytm Emerged as the Most Popular Retail Apps in India In 2015 [REPORT] - Dazeinfo (blog)
Flipkart and Paytm top the list of Most popular retails apps in India by the number of downloads and monthly active users. The study highlights

Retail
Why Amazon is king of the retail jungle
Why Amazon is king of the retail  jungle - CNBC
The retail world is changing and one Seattle-based company is at the forefront of the revolution.

Retail
Skechers wants to make in India; double biz in 2 years here
American footwear and athletic accessories brand Skechers, which aims to double its India business in the next two years, plans to start manufacturing in the country. "We are looking at doubling our business and start manufacturing here in the


Telecom
Reliance Jio may look to buy smaller telecom companies for more wavelength
Reliance Jio may  look to buy smaller telecom companies for more wavelength - Economic Times
Jio will look to acquire smaller telcos to gain market share and compete with incumbents, a senior executive said, signalling a possible consolidation wave.


Telecom
Government to submit final view on net neutrality after TRAI recommendations
Government to  submit final view on net neutrality after TRAI recommendations - Daily News Analysis
Government to submit final view on net neutrality after TRAI recommendations - IT Minister Ravi Shankar Prasad says OTT services to be encouraged to grow.


Telecom
Trai again addresses net neutrality; lists disadvantages of zero-rating plans
Trai again  addresses net neutrality; lists disadvantages of zero-rating plans - Economic Times
Trai is attempting to once again address the question of net neutrality and exploring whether zero-rating plans and schemes are in violation of the principle of net neutrality.


Telecom
We will have great 4G coverage: Sunil Sood, Vodafone India CEO
We will have great 4G coverage:  Sunil Sood, Vodafone India CEO - ETTelecom.com
Sood said the company is looking to launch 4 more 4G circles by March, and will have an annual capex of about Rs 8,500 crore in the year to March.



Finance
What the Dow Chemical-DuPont merger means for India
What the Dow Chemical-DuPont  merger means for India - Livemint
The merger will create a multi-billion-dollar entity that will have synergies in agriculture, infrastructure and significant research capabilities


Finance
RBI ready to intervene in exchange-traded currency derivatives segment
RBI ready to intervene in  exchange-traded currency derivatives segment - Livemint
Central bank says will take this step, if required, to defend rupee in the event of a rate hike by US Fed on 16 December


Finance
Oil marketers: will the outperformance stay?
Oil marketers: will the  outperformance stay? - Livemint
Lower crude oil prices, diesel deregulation and a better refining margin environment are some of the factors that have helped


Finance
7 reforms in India to watch out for in 2016
7 reforms in India to watch out  for in 2016 - Business Standard
Nomura pegs the probability of GST being implemented in 2016 at 65%




Software
Wipro to focus on digital services : Sets up new London centre
Wipro to focus on digital  services : Sets up new London centre - Economic Times
Wipro Digital, the digital arm of Wipro, today said its has set up a new "London pod" to offer enhanced digital transformation services to its customers in the UK and other parts of Europe.


Software
Samsung plans to venture into self-driving technology
Samsung plans to venture into  self-driving technology - Times of India
Samsung Electronics is setting up a new business unit to focus on automotive-related technology such as components for driverless cars.


Software
What is the hottest topic on Facebook? : US presidential race
What is the hottest topic on  Facebook? : US presidential race
The US won't elect a president until next year but the debate over the crowded field of candidates jostling for the Oval Office emerged as the hottest topic on Facebook this year.


Software
Chinese hackers suspected to be behind hacking of two prominent Indian IT companies
Chinese hackers  suspected to be behind hacking of two prominent Indian IT companies
Hackers, suspected to be based out of China, managed to break into two of Indias most prominent information technology firms recently.



Ecommerce
Flipkart-backed online freight booking startup BlackBuck raises Rs 155 crore in funding led by New York-based Tiger Global Management, Yuri Milner
Flipkart-backed online freight  booking startup BlackBuck raises Rs 155 crore in funding led by New York-based Tiger Global Management, Yuri Milner - Economic Times
The round also saw participation from existing investors, venture capital firm Accel Partners and India's largest e-tailer Flipkart.

Ecommerce
IT industry body Nasscom calls for a uniform policy on taxation of e-commerce companies by states
IT indus ry body Nasscom on Tuesday called for a uniform policy on taxa ion of e-commerce companies by states.

Ecommerce
Mobile payments firm PayUbiz launches a new 'One Tap' technology that will help users to make online payments without having to key-in their card
Mobile payments firm PayUbiz  launches a new 'One Tap' technology that will help users to make online payments without having to key-in their card - Economic Times
The patent-pending technology allows customers to make online purchases without having to repeatedly key in card details, CVV numbers and one-time passcodes.

Ecommerce
Alibaba's business-to-business company Alibaba.com India Ecommerce reports about 14% decline in its revenue for the year ended March 2015
Chinese ecommerce giant Alibaba’s business-to-business company Alibaba.com India Ecommerce has reported about 14% decline in its revenue for the yea..


Franchise
Franchisee Journey: From retired sales director to franchisee with wife and children
- Entrepreneur
MUMBAI: Coimbatore-headquartered Suguna Foods is eyeing to become a Rs 10,000 crore company by 2017, on the back of huge expansion in all its verticals, including feed mill, retail and ready-to-cook business, a top company executive said today.

     


Franchise
Take advantage of modern technology to make your franchising life easier
- Franchise Direct
MUMBAI: Coimbatore-headquartered Suguna Foods is eyeing to become a Rs 10,000 crore company by 2017, on the back of huge expansion in all its verticals, including feed mill, retail and ready-to-cook business, a top company executive said today.

     



HR
These Gujarati Crorepatis Are Working In Factories Just To Keep Themselves Busy
These Gujarati  Crorepatis Are Working In Factories Just To Keep Themselves Busy - Scoopwhoop
Theyre beneficiaries of the auto boom in the region.


HR
Work with Gas Authority of India Limited (GAIL)
Work with Gas Authority of India  Limited (GAIL) - India Today
The Gas Authority of India Limited (GAIL) has invited applications from eligible candidates for filling up the vacancies at various posts.


HR
Genpact will recruit 10000 candidates in India
Genpact will recruit 10000  candidates in India - HCNDaytonNews.com
BPO services provider Genpact may recruit over 10,000 people by the end of next year, a senior official of the company said today.


HR


Logistics
Sensex sinks 274 points on GST fears; this was the 6th consecutive session of losses, passing of GST will see sharp bounce back
Sensex sinks 274 points on GST  fears; this was the 6th consecutive session of losses, passing of GST will see sharp bounce back - Times of India
Indian stock markets remained in red zone for the sixth day in a row on Wednesday, hit by rising concerns over delay in passing of the much-awaited Goods and Services (GST) Bill in the Parliament.


Logistics
PM ki pathshala: MPs get 1-hour tutorials on GST; preparing for a 4 hr long session on monday parliament on GST
PM ki pathshala: MPs get 1-hour  tutorials on GST; preparing for a 4 hr long session on monday parliament on GST  - Times of India
The Congress on Tuesday declared war on the BJP-led government over the National Herald case against party leaders Sonia and Rahul Gandhi, casting a shadow of uncertainty over the key reform, the Goods and Services Tax or GST.


Logistics
Airlines, cops meet for safety of women staff in airlines including airhostesses and ground staff
A group of representatives from a few airlines met senior police official of Delhi Police at the IGI airport expressing concern over the safety of their woman staff and air hostesses.


Logistics


Construction
20 major amendments to real estate bill cleared by Cabinet
20 major amendments to real  estate bill cleared by Cabinet - ET Realty
These changes were based on the recommendations of the select committee of Rajya Sabha that had examined the bill pending in the upper house of the pa..


Construction
Smart Home market to grow at 30% and double revenue every 3 years
Smart Home market to grow at 30%  and double revenue every 3 years - ET Realty
Security, convenience and energy efficiency were the largest drivers for smart homes, while high cost, lack of clarity about the real value and in few..


Construction
CREDAI says no further scope for fall in Housing prices as they are already down 15-20%
CREDAI says no further scope for  fall in Housing prices as they are already down 15-20% - ET Realty
Housing sales have improved by 15 per cent during the festive season helped by fall in price and lower interest rate on home loans


Construction
Hike in TDR prices will hugely benefit government: NM Gattu, DB Realty
Hike in TDR  prices will hugely benefit government: NM Gattu, DB Realty - ET Realty
Earlier, the TDR prices were normally about 20% to 30% on the RR rates. Now they have made it 60% of the RR rate



Marketing
Twitter says India revenue has tripled : Report
Twitter says India revenue has  tripled : Report - Livemint
Twitter India revenue rises to `13.26 crore for the year ended 31 March from `4.17 crore in the previous year


Marketing
World’s First Ad Ticker On WhatsApp : Crayon Data Enters Indian Shores
World’s  First Ad Ticker On WhatsApp : Crayon Data Enters Indian Shores - Lighthouse insights
After Cars, Quikr Promotes Its Real-Estate Vertical ‘Quikr Homes’: One of the two TVCs, launched by Quikr, talks about ‘maps’, a feature in the mobile application that tells the user ab…


Marketing

Marketing
Facebook’s New Tools Will Make Customer Support Smoother For Businesses : Report
Facebook’s New Tools Will  Make Customer Support Smoother For Businesses : Report - Lighthouse insights
Facebook states that there are over 50 million active business Pages and many of them are using their Page to communicate with customers. In fact, the number of messages sent to businesses on Faceb…



Politics
National Herald case: Sonia looks for her Belchi moment, but her moral halo is set to shrink
National Herald case: Sonia looks for her Belchi  moment, but her moral halo is set to shrink
A Delhi court’s directive on the National Herald case, that Congress president Sonia Gandhi, her son and party vice president Rahul Gandhi and five others appear before it on 19 December, threatens to push them and their party into an existential crisis far worse than the one inflicted by the series of electoral debacles, including the 2014 General Election.


Politics
National Herald case: How the Gandhis’ arrogance may land them in more trouble
National Herald case: How the Gandhis’  arrogance may land them in more trouble
By trying to link a court ruling to his battle against Prime Minister Narendra Modi, Rahul has shown a callous disregard for facts and has invited uncomfortable questions for his beleaguered party.


Politics
‘If you’re a Muslim, you are always welcome here’: Zuckerberg speaks out
‘If you’re a Muslim, you are always welcome  here’: Zuckerberg speaks out
Facebook founder Mark Zuckerberg wants to protect the rights of Muslims, saying they should not fear being "persecuted for the actions of others."


Politics
Even as BJP launches attack on Sonia Gandhi, PM Modi sends birthday wishes to Congress president
Even as BJP launches attack on Sonia Gandhi, PM Modi  sends birthday wishes to Congress president
Prime Minister Narendra Modi today greeted Congress President Sonia Gandhi on her 69th birthday, wishing her a long life and good health.



Sports
Incredible Sports Photos From Around the World
Incredible Sports  Photos From Around the World
When he was a teenager, Bob Martin thought he would pursue a career as a veterinarian. It was a short-lived dream. “I had to come to the harsh reality that


Sports
Mahela Jayawardene awarded honorary lifetime membership of MCC
Mahela Jayawardene awarded honorary lifetime membership  of MCC
Mahela Jayawardene appears on the famous Lord's Honours Boards twice, having scored 107 and 119 against England in 2002 and 2006 respectively.


Sports
Domestic cricket gets a dash of glamour
Domestic cricket gets a dash of glamour
With limited-overs cricket to dominate India's schedule over the next six months, top cricketers, including MS Dhoni, to play Vijay Hazare Trophy.


Sports
Cricket South Africa’s Facebook page hacked, flooded with adult content
Cricket South Africa’s Facebook page hacked, flooded with adult  content
Cricket South Africa regained control of the page later and deleted explicit content.



Entertainment
Ricky Kej’s song part of Grammy 2015 nominated album
Ricky Kej’s song part of Grammy 2015 nominated album
Ricky Kej's composition "Aishwarya" has been nominated for the 2015 Grammy Awards in the Best Contemporary Instrumental Album category.


Entertainment
Peshwa Bajirao wrongly portrayed in Bajirao Mastani, says Shiv Sena MLA
Peshwa Bajirao wrongly portrayed in Bajirao  Mastani, says Shiv Sena MLA
Shiv Sena MLA Pratap Sarnaik has raised objections against Ranveer Singh and Deepika Padukone starrer 'Bajirao Mastani'.


Entertainment
Jiah Khan suicide: CBI files supplementary chargesheet against Suraj Pancholi
Jiah Khan suicide: CBI files supplementary chargesheet  against Suraj Pancholi
Statement of Jiah Khan’s psychiatrist part of chargesheet that narrates sequence of events leading to her suicide.


Entertainment
Lifetime Achievement Award for Naseeruddin Shah at Dubai fest
Lifetime Achievement Award for Naseeruddin Shah at Dubai  fest
Naseeruddin Shah will be honoured with a Lifetime Achievement Award for his outstanding contribution to cinema at the Dubai International Film Festival.



 
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