January 29, 2016 - No merger of Myntra Logistics with Flipkart's logistics arm Ekart: Myntra CEO

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk Of the FANG stocks (Facebook, Amazon, Netflix, Google - yes, that's a grouping now!), Amazon seems to be in the best position. Not only is it directly controlling commerce online, but also riding the AWS wave which Chamath Palihapitiya refers to as the Amazon tax (as in how ubiquitous it will become). Facebook user growth is slowing down. Google's various experiments are still some time away from becoming a reality. Apple (which is not a FANG stock) seems to be in most doubtful territory with respect to future growth. Sales growth of the iPhone is beginning to plateau. Apple's wearables unit (and car unit) are far from becoming revenue drivers. Having said all this, these are all solid companies with solid revenue streams, but investors always want more. Where would you put your money? - Comment Digital No merger of Myntra Logistics with Flipkart's logistics arm Ekart: Myntra CEO Fashion e-tailer Myntra today said there will be no merger of its in-house logistics b Have a penchant for good content? Coming Soon This time it’s not personal!   Advt: Get qualified leads for your business TradeBriefs introduces automated mobile number verification, progressive qualification and other API-based verification. Save time and money! Digital Fitness startup Qriyo raises $160,000 from UAE-based Idein Ventures Idein Ventures recently put money in virtual reality startup Infurnia. Digital Bike taxi app N.O.W raises funding from Maple Capital Bike taxi app N.O.W has raised an undisclosed amount in seed funding from boutique investment banking firm Maple Capital Advisors’ recently launched startup accelerator platform. Digital Matchmaking app Aisle raises Rs 1.25 crore in pre-Series A funding round It claims 500-800 registrations per day. Digital Foxconn invests in home automation startup WiZN Systems Fireside Ventures' Kanwaljit Singh participated in the round. Retail Myntra, Jabong to reduce discounts in a bid to check mounting losses and to steer towards profitability Ananth Narayanan, the CEO of Myntra, said that the company has already reduced its discount offerings by 6% in the quarter ended December. Retail Olabi, the retail me-commerce product that is enabling offline retail survive in an e-commerce era Olabi, by retail veterans Sunil Kunders & Chetan Panchal is a product enabling offline retail to give a true personalized experience to consumers Retail Piqued by best quarter sales, Xiaomi mulls single brand retail license Xiaomi is keen on applying for a single-brand retail licence in India and will take a final call in a couple of weeks after more internal consultations. Retail In U-turn, Centre may allow FDI in multi-brand retail DIPP looks at opening sector with riders; trying to get States in Telecom India's Power Grid Q3 telecom sales boosted by 4G network expansion | Reuters MUMBAI An aggressive rollout of high-speed 4G network by Indian mobile phone operators to tap the growing demand for Internet services bolstered Power Grid Corporation of India Ltd's sales in the December quarter, a company executive said on Thursday. - Firstpost   Telecom WhatsApp Facing Possible Regulations in One of its Strongholds WhatsApp, Viber, Skype and many other over-the-top Internet services have taken over the world of communication with their free offerings, allowing users to enjoy free messaging and calling. While these apps are marketed as free messaging and calling services, they are not entirely free. You need to have an internet plan to access their services. Telecom Call drops: Who is telling the truth The govt has been locked in a bitter tussle with telcos over what has become a terrible everyday nuisance — mobile phone calls that suddenly disconnect. Telecom Regulator urges $88bn 4G auction The move is likely to put additional burden on telecom firms already stretched after spending on 4G and the 2015 spectrum auction Finance Will investors punish Maruti for its huge profit shortfall? Given the huge variance between estimates and actual performance, the stock, which has been a favourite among, may be wobbly in the near term Finance How finding right talent at the right time is a challenge for India’s largest technology startups Hiring and retaining the right talent for a rapidly scaling organisation is a pressing challenge for the likes of Flipkart, Paytm and InMobi. Finance The return of micro venture capital? Given their experience and proximity to both entrepreneurs and venture capitalists, micro venture capital funds may finally be here to stay Finance Bad loans hit ICICI Bank net profit growth A sharp rise in bad loans forced the private lender to set aside more money to cover the risk of default Software Why is Myntra experimenting with tech-led pricing? Startup plans to add more fashionable brands on its app as it eyes profitability Software Infosys investing in automation, IoT and AI : Puts in $4 million in US-based Waterline Data Science The company has stated that it will invest in companies that develop innovative technologies on automation, Internet of Things (IoT), and artificial intelligence (AI). Software British Telecom group firm TalkTalk faces cyber attack : In talks with Wipro over security breach Wipro said that the company is "working closely" with TalkTalk on this issue and will continue to extend full support to investigating authorities. Software FirstSource acquires US-based ISGN’s mortgage BPO business : Plans to expand into higher-margin services The company said that over 700 employees from ISGNs BPO division in the US and India will join FirstSource through this acquisition. The terms of the deal were not disclosed. Ecommerce Flipkart's Valley hire Soni to quit? Flipkart continues to grapple with top-level management churn at a time when it is fiercely fighting rivals Amazon and Snapdeal in a three-legged battle for supremacy of the Indian online retail market. Ecommerce Alibaba hoping its better-than-expected third-quarter results help reassure investors worried about the state of the Chinese economy Alibaba is benefiting from a shift to mobile spending and a growth in users. Mobile spending accounted for 65% of total China retail revenue, up from 30% last year. Ecommerce Facebook revenue jumps 52 percent in Q4, Hits 1.59 Billion Monthly Users; Net income more than doubled to $1.56 billion Facebook Inc smashed investors' expectations with a 52% jump in quarterly revenue as it sold more ads targeted at a fast-growing number of mobile users, sending its shares sharply higher after hours. Ecommerce Myntra generates biggest monthly sales in January; Volumes in the month boosted by the firms private brands Volumes in the month were boosted by the firm’s private brands, increased contribution of international brands HR Microsoft India doubles maternity leave to 6 months Microsoft India enhances maternity leave policy to six months - Kolkata/New Delhi, Jan 28 : Microsoft India on Thursday announced enhancements to its maternity leave policy. .. HR IITs want more foreign students to crack their entrance IITs want more foreign students to crack their entrance - Focus on SAARC countries * 10% quota for foreign nationals largely vacant now HR Increasing competitiveness, fostering human resources Since its foundation in 1967, the Association of Southeast Asian Nations (ASEAN) has made extraordinary progress. It has been transformed into an increasin HR Leadership: Not delegating enough can scuttle Make in India Taking decisions comes with its own set of risks and in the absence of such decisions, innovation - that comes from taking such risks - also don't happen. Logistics Narendra Modi will finally pass GST without Congress, says Nitin Gadkari Modi has enough backing from smaller parties to pass GST in next Parliament session without support from Congress, says Nitin Gadkari in an interview Logistics Air India, union reach resolution on pilot salary structure, new plan will include a 'wide body allowance' and a 'lay over allowance' Emoluments have been reduced as the management found there has been a reduction in the allowances of employees at other airlines. Logistics Pointing fingers at the 5/20 rule: Draft aviation rules for domestic airlines to fly outside is an “Artificial Barrier”: AirAsia India Rules that mandate domestic carriers to gain some experience before they could be given approvals to fly to foreign countries is an “artificial barrier” to aviation companies, according to AirAsia India chairman S. Ramadorai. Logistics Modi's Roads Tsar, Gadkari seeks to build 100 km of road daily as against 18km today, would like to record $10 billion for India Growth Push In addition to a more than 50% rise in budgetary allocations in the year starting April, Nitin Gadkari said his ministry is also looking to borrow overseas Construction First list of 20 cities selected for Smart Cities is out The cities chosen for the launch of the smart cities programme account for 35.4 million people; Mint looks at each city’s proposals Construction Deadline for stalled road projects given by Nitin Gadkari If stalemate continues beyond 31 January, government will step in to look for out of the box solutions, says highways minister Construction Road projects covering 10,000 km to be awarded this fiscal: FM The government has already awarded 6,800 kilometres of highway projects and by March this figure will go up to 10,000 kilometres Construction 2015 will be remembered for Higher unsold inventory and fewer residential projects Real estate: NCR is the worst affected residential market; Office market across the country records highest occupancy at 84.2%. Marketing Mumbai police changing minds with a dope new Twitter campaign : Report "If you roll, we will weed you out," read the @CPMumbaiPolice tweet, which was quickly re-tweeted more than 1,000 times and won praise from Indian Twitter users. Marketing Five lessons Tim Cook can learn from successful multinationals in India : Report Apple’s India thrust might already be too late, given how crowded the market currently is Marketing Mobile ads to account for 15-20% of media spending by 2020 : Study Mobile advertising spends are expected to account for 15-20% of the overall media expenditure by 2020, fuelled by growth in mobile commerce. Marketing Facebook Still Dominates Social Logins, IKEA Come Home To Play Coca-Cola’s GIF maker is getting trolled on Tumblr: It didn’t take long for the Internet to reinterpret Coca-Cola’s new advertising campaign. Last week, the brand ditched “Open Happiness,” it… Politics Never wanted to be prime minister in 1984: Pranab Mukherjee President Pranab Mukherjee reveals that he never wanted to be the prime minister after Indira Gandhi's death, as several reports have suggested, as per the second part of his memoirs. - Firstpost Politics Inability to prevent Babri demolition was Narasimha Rao’s biggest failure: Pranab Mukherjee President Pranab Mukherjee has said that it was the inability of PV Narasimha Rao to prevent demolition of the Babri Masjid which was his biggest failure. Politics Pranab Mukherjee returns Gujarat’s controversial anti-terror bill and asks State to clarify A controversial anti-terror bill, passed by Gujarat assembly but twice rejected by the previous UPA government, was returned by President Pranab Mukherjee seeking additional information from the government after which the legislation was withdrawn. Politics Arunachal Pradesh Governor Cited Cow Slaughter And Terror To Recommend President's Rule NEW DELHI -- Governor Jyoti Prasad Rajkhowa cited cow slaughter and terror as reasons for recommending the imposition of President's Rule in Arunachal Pradesh. On Wedensday, the Supreme Court gave Sports Australian Open: Novak Djokovic dominates Roger Federer, reaches final Novak Djokovic puts up a flawless show in first two sets; later fends off Roger Federer fightback to reach Australian Open final. Sports Ind vs Aus, T20I: Hardik Pandya reprimanded for aggressively celebrating Chris Lynn’s wicket Hardik Pandya, on debut against Australia in first T20I, celebrated excessively in close proximity to Chris Lynn. Sports Ind vs Aus: If batsmen have license to attack, I have license to pick wickets, says R Ashwin R Ashwin played the first T20I after missing the three ODIs and picked up two wickets in India's 37-run win. Sports Ind vs Aus: At MCG, India hope for game, set match With series win and Roger Federer-Novak Djokovic clash on their minds, India had a relaxed net session before second T20I. Entertainment Hansal Mehta angry after Censor Board gives Adult certificate to Aligarh’s trailer "I am showing this trailer in anger and protest," said Hansal Mehta at the trailer launch of the film. Entertainment Superstar Rajinikanth’s special appearance in Madhavan’s Saala Khadoos Saala Khadoos is gearing towards the release and to everyone's surprise the fans will get to see superstar Rajinikanth onscreen in a cameo. Entertainment We have become careful about what we say: Rajkumar Hirani Rajkumar Hirani says celebrities have become cautious about what they say in public. Entertainment When Bollywood took the Indie road: A Journey from 'Detective Byomkesh Bakshy' to 'Wazir' TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India