Monday, February 1, 2016

February 1, 2016 - Here's a story of BookMyShow -- a virtual monopoly in online movie ticketing

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Y Combinator recently put out a job ad for a researcher for a 5 year research project on 'Basic Income'. The idea is to see how people behave if given a basic income (no questions asked) which takes care of their basic needs. Do they sit around and play video games? Will they be happy and fulfilled? Or will not having the fear of being able to eat enable them to do something bigger and better? All interesting questions. While YC is looking at this because it believes machines will one day do most of our white collar jobs as well, there is a more urgent and perhaps more important need to study Basic Income as a subsidy tool for the poor. This article examines some of that, including experiments being done in Finland and Utrecht (Netherlands) - Comment


Digital
Here's a story of BookMyShow -- a virtual monopoly in online movie ticketing
Here's a  story of BookMyShow -- a virtual monopoly in online movie ticketing - ET
Bringing G7 onboard is probably a bigger achievement for BookMyShow than a deal signed with PVR Cinemas back in 2013.


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Digital

Digital
Despite losses, Amazon upbeat on India
Global e-commerce giant Amazon Inc has clearly disappointed investors after posting


Digital
Is TCS losing the race because of slow digital growth?
Is TCS losing the race because  of slow digital growth?
IT major unable to morph into a large digital transformation services provider


Digital
Rs 1 lakh crore in loans disbursed to micro units and businesses in one year: Amit Shah
Rs 1 lakh crore in loans  disbursed to micro units and businesses in one year: Amit Shah
Shah said that the concept of micro finance is being taken forward by organising 'Chaupal', or gathering of stakeholders.


Retail
Flipkart preparing to build out Ekart into independent business for its next growth drive
Flipkart preparing to build out  Ekart into independent business for its next growth drive - Economic Times
Flipkarts new CEO Binny Bansal is seeking to rev up the companys growth through the business he knows best, its logistics unit Ekart.

Retail
Organised grocery sector has opportunity of Rs 3.4 lakh crore
Organised grocery sector has  opportunity of Rs 3.4 lakh crore - Economic Times
On hyper-local grocery delivery startups, the KIE report said inventory-led models like that of BigBasket would be better-off burning less cash than inventory-less ones.

Retail
Future Lifestyle Posts Nine-Fold Jump in Q3 Profit
Future Lifestyle Posts Nine-Fold  Jump in Q3 Profit - NDTV
Future Lifestyle Fashion Ltd (FLFL), part of Kishore Biyani-led Future Group, on Saturday reported an over nine-fold increase in net profit at Rs 19.66 crore for the third quarter of the current financial year.

Retail
Fading footprint of Kolhapuri chappals
Shaded from the sharp afternoon sun, rows upon rows of hutments in the Subhashnagar colony are thrumming with activity . Bent over stone slabs, the men cut, scrape and hammer sheets of leather while their wives do the braiding, stitching and punching.


Telecom
Will Reliance Jio 4G Go For A Pan-India Or Phase-Wise Launch?
Will Reliance Jio 4G Go For A  Pan-India Or Phase-Wise Launch? - TeleAnalysis
But according to the Cellular Operators Association of India, more investment is needed to strengthen the network.


Telecom
Reliance Jio's LYF 4G smartphones now being delivered by Grofers
Reliance Jio's LYF 4G  smartphones now being delivered by Grofers - Techradar India
Starting today, Grofers would be the delivering the Reliance Jio LYF handsets at customer's doorsteps. Reliance is offering 4G-enabled smartphones under the


Telecom
Mobile phone production in India reaches 100 million units
Mobile phone production in India  reaches 100 million units - Economic Times
Mobile phone production in India has reached 100 million with leading companies setting up their manufacturing base in the country, Telecom Minister Ravi Shankar Prasad said.


Telecom
ET Global Business summit: On final day, a call for speedier change
ET Global Business summit: On  final day, a call for speedier change - Times of India
The Indian economy remains in a sweet spot against the backdrop of a gloomy global economy but the pace of reforms should be accelerated to ensure it realises its full potential and is on the path to double-digit growth.



Finance
PEs of 21 banks fall below 5-year average; is it time to look at them?
PEs of 21 banks fall below  5-year average; is it time to look at them? - Economic Times
One of the reasons behind the sharp fall in bank stocks' prices is that earnings have failed to catch up as non-performing assets have surged.


Finance
NSE bypasses Sebi, writes to finance ministry on listing stand-off
NSE bypasses  Sebi, writes to finance ministry on listing stand-off - Livemint
NSE’s letter comes against the backdrop of diverse views on the issue of exchange listings


Finance
Nine disruptors we should keep an eye on
Nine disruptors we should keep  an eye on - Livemint
These nine people are good at what they do, and now they want to try difficult new things. They represent the values we’ve tried to instil in Mint


Finance
Cinemas, shops, banks may soon work 24/7
Cinemas, shops, banks may soon  work 24/7 - The Hindu
The government has framed a new model law that will allow cinema halls, restaurants, shops, banks and other such workplaces to be open 24/7. The law will also enable women to work during the night in




Software
How Microsoft CEO Satya Nadella did what Steve Ballmer and Gates couldn’t?
How Microsoft  CEO Satya Nadella did what Steve Ballmer and Gates couldn’t? - Economic Times
On February 4 Satya Nadella will celebrate his second anniversary as the CEO of Microsoft. Its been an eventful couple of years.


Software
Infosys, TCS support Obama’s $4bn ‘Computer Science for All’ plan
Infosys, TCS  support Obama’s $4bn ‘Computer Science for All’ plan - ET
Indias top software exporters have joined the likes of Google and Salesforce to support US Obamas just announced $4-billion ‘Computer Science for All initiative.


Software
Apple focuses on virtual reality : Building a secret team to work on prototypes
Apple focuses  on virtual reality : Building a secret team to work on prototypes
Apple has assembled a large team of experts in virtual and augmented reality and built prototypes of headsets that could one day rival Facebook's Oculus Rift or Microsoft's Hololens, the Financial Times reported.


Software
Mobile phone production picks up in India : Reaches 100 million units
Mobile phone production picks up  in India : Reaches 100 million units
Mobile phone production in India has reached 100 million with leading companies setting up their manufacturing base in the country, Telecom Minister Ravi Shankar Prasad said today.



Ecommerce
Myntra incurs a loss of Rs 740 crore during the financial year 2014-15: more than four times compared to Rs 173 crore in the previous year
Flipkart-owned fashion e-tailer Myntra incurred a loss of Rs 740 crore during the financial year 2014-15: more than four times compared to Rs 173 cror..

Ecommerce
Patel Integrated Logistics entering the B2C (business to consumer) segment with last-mile delivery points to tap the ecommerce potential

Patel Integrated Logistics Ltd, an express delivery company, is entering the B2C (business to consumer) segment with last-mile delivery points to tap the ecommerce potential.The company, which recentl

Ecommerce
Flipkart infuses Rs 666 crore in Ekart through a Singapore-based group firm on January 21
This is Flipkart’s second fund infusion in seven months into the logistics business that’s housed under a newly created entity called Instakart Se..



HR
Medical Transcription Firm to Hire 3000 in India
BENGALURU: Nuance Communications, the US-based and Nasdaq-listed provider of voice and language solutions, has announced opening of two new offices in Bengaluru...


HR
PhD, MPhil scholars apply for constable jobs
n a clear indication of growing unemployment and desperate bid by the unemployed to bag jobs, five Ph D and 11 M Phil scholars have applied for police constable posts, which were announced by the Telangana government recently.


HR
What Teachers Must Learn
What Teachers Must Learn - The  Indian Express
India’s education system is terribly out of step with the times


HR
Microsoft India doubles maternity leave to 6 months
Microsoft India doubles  maternity leave to 6 months - IBNLive
The move is aimed at further boosting a healthy and productive work environment as well as emotional upliftment of the company's workforce.



Logistics
Six pirates attack Croatian tanker MT Pomer, in India's Kandla port, attack resolved in 20 minutes, ship headed for Singapore next: Company
Six pirates attack Croatian  tanker MT Pomer, in India's Kandla port, attack resolved in 20 minutes, ship headed for Singapore next: Company - DeshGujarat
Bhuj A Croatian-flagged tanker MT Pomer was attacked by pirates in India’s Kandla anchorage in the morning hours last week, the owner Uljanik Plovidba, a Croatian ship management company said.


Logistics

Logistics
Special express delivery: young girl's new heart survives 550km journey through India's airports and traffic
Special express delivery: young  girl's new heart survives 550km journey through India's airports and traffic - The National
When cardiologists in Mumbai heard that a donated heart had become available 550km away, they had just four hours to transport the organ by air and through the city's notorious traffic before performing the operation on their youngest patient to date.


Logistics
DGCA official inspects Kannur airport site, the new 2400 meter runway is completed and ready for testing
DGCA official inspects Kannur  airport site, the new 2400 meter runway is completed and ready for testing - Times of India
As part of the runway inspection of the upcoming Kannur International Airport at Mattannur in the district, an official from the Directorate General of Civil Aviations (DGCA) visited the site on Saturday ahead of giving clearance for the trial landing.



Construction
Smart city journey for Coimbatore's begins
Smart city journey for  Coimbatore's begins - ET Realty
The civic body is gearing to form a special purpose vehicle (SPV), which will be a 'public limited company', that will plan, appraise, approve, releas..


Construction
Illegal constructions thrive, delay work on infrastructure upgrade
Illegal constructions thrive,  delay work on infrastructure upgrade - ET Realty
According to an RTI response, 745 unauthorised constructions have been detected by the MCG in the municipal area between January 2013 and December 201..


Construction
Fault with TDR policy on 9-metre wide roads, According to CREDAI
Fault with TDR policy on 9-metre  wide roads, According to CREDAI - ET Realty
Says that the move will affect the housing stock and make housing costlier


Construction
Real estate expects much-needed push in Bhubaneswar
Real estate expects much-needed  push in Bhubaneswar - ET Realty
For the past five years, real estate business assets have remained stagnant with about 760 flats remaining vacant following a rise in supply and fall ..



Marketing
HUL is Client of the Year at 15th Effie Awards : Mullen Lowe Lintas is top agency
HUL is Client of  the Year at 15th Effie Awards : Mullen Lowe Lintas is top agency - Daily News Analysis
HUL is Client of the Year at 15th Effie Awards, Mullen Lowe Lintas is top agency - Effectiveness rules!


Marketing
SBI Life eyes 30-35 pc growth over next 3 years : Report
SBI Life eyes 30-35 pc growth  over next 3 years : Report - Business Standard
SBI Life eyes 30-35 % growth over next 3 years - Basu said the company has not fully tapped the bancassurance model, which has immense potential


Marketing
3 B2B Marketing Trends for the Mobile Audience : Report
3 B2B Marketing Trends for the  Mobile Audience : Report - The Content Standard by Skyword
Just as it has in the B2C world, mobile marketing should top the list of B2B marketing trends this year, given shifts in mobile usage. Here are 3 trends.


Marketing
Amul Kool Milkshake Gets a Brand Makeover : Report
Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities



Politics
The errors that Rajiv Gandhi made by unlocking doors to the Ram Janmabhoomi temple in Ayodhya
The errors that Rajiv Gandhi made by unlocking doors  to the Ram Janmabhoomi temple in Ayodhya
Pranab Mukherjee has written in The Turbulent Years: 1980-96 that the opening of the Ram Janmabhoomi temple was an “error of judgment” by Rajiv Gandhi.


Politics
Stop playing politics on Rohith Vemula’s death: BJP slams Rahul Gandhi over his visit to HCU
Stop playing politics on Rohith Vemula’s  death: BJP slams Rahul Gandhi over his visit to HCU
The BJP on Saturday asked Congress vice president Rahul Gandhi to "not politicise" the death of a Dalit research scholar who committed suicide two weeks ago and stop "playing politics on dead bodies".


Politics
Surprise, Surprise. BJP Leader Yashwant Sinha Now Says He Was Misquoted On 'Emergency' Comment
Surprise, Surprise. BJP Leader Yashwant Sinha Now Says He  Was Misquoted On 'Emergency' Comment
NEW DELHI -- Senior BJP leader Yashwant Sinha today contended his remarks in Goa yesterday had been "completely misunderstood" and misinterpreted but the comments he made at a conference ind


Politics
Sabarimala And The Dark Absurdities Of Religion
Sabarimala And The Dark Absurdities Of Religion
Religiosity in India is so all-encompassing, that religion somehow manages to escape profound criticism even when some peculiar absurdity comes to light. Indeed, one such typical absurdity has been in the news recently, namely the ongoing controversy concerning the Sabarimala Temple. The religious moderates opine that the temple should allow women to enter -- but will anyone point out that this isn't the only instance where "faith" and "belief" have served as a cover for oppression?



Sports
Diagnosing Sports Concussions: There's an App for That
Diagnosing Sports Concussions: There's an App for That
Diagnosing concussions from sports remains tricky, but a number of tech companies are trying to take the guesswork out of it. Continue reading →


Sports
No title at Australian Open for Brazil in 111 years, Bruno Soares wins two in single day
No title at Australian Open for Brazil in 111 years, Bruno  Soares wins two in single day
Bruno Soares wins mixed doubles and men's doubles title at Australian Open in single day to give Brazil their first title from Melbourne.


Sports
Ellyse Perry’s all-round show denies India women clean-sweep in T20I series
Ellyse Perry’s all-round show denies India women clean-sweep in  T20I series
India were comfortably placed to chase down Australia's 136 but lost 6 wickets for 27 runs to finish at 121/8


Sports
For World T20, this is roughly what India’s side will look like, says MS Dhoni
For World T20, this is roughly what India’s side will look  like, says MS Dhoni
MS Dhoni indicated that India will retain more or less the same squad for the upcoming ICC World Twenty20.



Entertainment
Scarlett Johansson,George Clooney feature in ‘Hail, Caesar!’ teaser
Scarlett Johansson,George  Clooney feature in ‘Hail, Caesar!’ teaser
The latest teaser of comedy "Hail Caesar" features George Clooney, Scarlett Johansson, Jonah Hill, Josh Brolin and Channing Tatum.


Entertainment
Dhanush’s ‘Maari’ sequel on cards
Dhanush’s ‘Maari’ sequel on cards
The sequel to Dhanush's "Maari" is in the pipeline and will go on the floors later this year, a source said.


Entertainment
Geetu Mohandas wins Global Filmmaking award at Sundance Film Festival 2016
Geetu Mohandas wins Global Filmmaking award at Sundance  Film Festival 2016
Actress-filmmaker Geetu Mohandas has received the Global Filmmaking award at Sundance Film Festival 2016.


Entertainment
Actors of colour dominate SAG Awards amid Oscars controversy
Actors of colour dominate SAG Awards  amid Oscars controversy
Idris Elba, Viola Davis, Queen Latifah were among winners at the 22nd Annual Screen Actors Guild Awards, amid controversy surrounding the Oscars not nominating actors of colour for the second year in a row.




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