Tuesday, February 2, 2016

February 2, 2016 - After Zomato, Housing, and TinyOwl, job portal Hiree fires about 10% of its workforce

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
This article doing the rounds on social media at the moment talks about how curators will play a more and more important role in media. The entire media industry is being turned upside down because content creation and distribution is so easy now (anybody can write, sing, act and create content with the potential to attract a large audience on social media). However, consumer attention is still limited, so trusted curators will play an important role in helping users discover good content. That's sort of the core principle of TradeBriefs, where human editors pick the most important stories of the day for you. With our new offering, taggit, we will soon expand this opportunity where you can pick and share what's important to you. Are you the next celebrity curator? - Comment


Digital

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Digital
ASTARC to invest $5 million in tech-focussed startups
The company plans to set up a technology cluster in the Hubli-Dharwad region, with an investment of around ₹500 crore


Digital
TRAI recommends public-private partnership model for national optical fibre project BharatNet
TRAI recommends public-private  partnership model for national optical fibre project BharatNet
In a bid to speed up the implementation of the national optical fibre project, the Tel


Digital
Lookup appoints Narayan Babu as its first CTO
Lookup, a chat-based app that connects local merchants with customers, has appointed Narayan Babu as its first chief technology officer.


Digital
Furniture e-tailer Mebelkart bets big on interior design in strategy shift
Online furniture and home décor marketplace Mebelkart is shifting its focus from the retail business to the interior designing space.


Retail
Snapdeal ties up with EESL to sell LED bulbs for Rs 99
E-commerce giant Snapdeal has partnered with Energy Efficiency Services Limited, a Government of India unit leading Power Ministry's Domestic Efficien..

Retail
98% of grocery retail market is controlled by kirana stores: Study
98% of grocery retail market is  controlled by kirana stores: Study - ETBrandEquity.com
According to KIE's report, organised grocery has the potential to be Rs 3.4 lakh crore market

Retail
Ouch! Aditya Birla Retail piles up Rs 5320-crore loss despite 15% increase in sales last year
Ouch! Aditya Birla Retail piles  up Rs 5320-crore loss despite 15% increase in sales last year - Economic Times
The retail arm of the Aditya Birla Group posted Rs 2,893-crore sales for the year ended March 2015 and its losses reduced 5% year-on-year at Rs 571 crore.

Retail
Amazon holds 'Amazing Week' for fulfilment centre employees
Amazon holds  'Amazing Week' for fulfilment centre employees - Economic Times
This week, thousands of employees across the fulfilment centres of Amazon India will be part of a programme titled ‘Amazing Week, being run by the ecommerce firm.


Telecom
A year later, Airtel still does not see VoIP cannibalization
A year later, Airtel still does  not see VoIP cannibalization - MediaNama.com
Answering a query from analysts, Airtel managing director CEO for India and South Asia, Gopal Vittal said that company still does not see any evidence of VoIP eating into voice revenues. "We have not seen any evidence of that in any city as yet. There is some cannibalization, but it is n


Telecom
Tata Teleservices looks to offer 4G in enterprise segment
Tata Teleservices looks to offer  4G in enterprise segment - Economic Times
The telecom venture of the Tata Group feels offering 4G services will enable it to increase its share in the about million strong enterprise market in the country.


Telecom
Singapore-based epayment gateway Telr launches India operations
Singapore-based epayment gateway  Telr launches India operations - ETTelecom.com
Telr offers payments solutions to merchants using both websites and social media channels like Facebook and Instagram.


Telecom
Vodafone launches 4G SIMs in Bengaluru ahead of rolling out services
Vodafone  launches 4G SIMs in Bengaluru ahead of rolling out services - Economic Times
"A formal announcement regarding the launch, expected later this month, will be made in due course," Vodafone India said in a media statement.



Finance
Govt may ask banks for at least $295 million in back-taxes
Govt may ask banks for at least  $295 million in back-taxes - Livemint
Authorities are demanding that banks pay taxes on services they claim were rendered to customers who maintained accounts above minimum balances


Finance
How not to start a start-up culture
How not to start a start-up  culture - Livemint
The recent debacle in Shanghai’s stock market has amply demonstrated, bailing out investors from the consequences of their decisions isn’t the way to develop a resilient economy


Finance
A look-back at the architects of India’s liberalization
A look-back at  the architects of India’s liberalization - Livemint
Led by Manmohan Singh, these nine men put India on the path of economic glasnost


Finance
Sebi keeps RBL Bank share sale in abeyance
Sebi keeps RBL Bank share sale  in abeyance - Livemint
Sebi keeps the share sale in abeyance due to past violation by RBL Bank




Software
Wipro CEO Abidali Neemuchwala targets $15 billion revenues in 4 years
Wipro CEO  Abidali Neemuchwala targets $15 billion revenues in 4 years - News
In an e-mail to employees, he has said the co must begin to think like a start-up and also create a workplace that is a "melting pot" of diverse ideas.


Software
Microsoft experimenting with underwater data centres in Pacific Ocean
Microsoft  experimenting with underwater data centres in Pacific Ocean - Economic Times
Taking a page from Jules Verne, researchers at Microsoft believe the future of data centres may be under the sea.


Software
Infosys to build tallest free-standing clock tower at Mysuru campus
Infosys to build  tallest free-standing clock tower at Mysuru campus
Infosys to build the worlds tallest clock tower at its Mysuru campus, in apparent deference to founder NR Narayana Murthys wishes.


Software
Google wipes out Glass data and is now working on a new product 'Project Aura'
Google wipes out Glass data and  is now working on a new product 'Project Aura'
After erasing all data regarding Google Glass from various social media platforms, tech giant Google is reportedly working on a new version of its face-mounted technology.



Ecommerce
Amazon and the traders associated with it alleged of tax evasion of about $30 Mn by misusing Cenvat (central value added tax) credit facilities
According to a report in a leading daily, ecommerce giant Amazon and the traders associated with it have been alleged of tax evasion of about $30 Mn (INR 200 Cr.) by misusing Cenvat (central value added tax) credit facilities. The Directorate General of Central Excise Intelligence (DGCEI) is investigating their accounts.

Ecommerce
Advertisers will likely spend a record Rs 1,200 crore during season nine of the T20 league that will be held in April and May: Top Media Buyers
Advertisers will likely spend a  record Rs 1,200 crore during season nine of the T20 league that will be held in April and May: Top Media Buyers - Economic Times
The controversies that have bedevilled the Indian Premier League dont seem to have dented its value as an advertising property.

Ecommerce
What makes IRCTC India's biggest e-commerce player
What makes IRCTC India's  biggest e-commerce player - Economic Times
It introduced a mobile app that currently sees about 2.5 lakh logins a day. It also introduced the option of digital wallets for payments.

Ecommerce
Netflix open to experimenting over time on what makes sense in the Indian market: Jonathan Friedland, chief communication officer of Netflix
Official says Netflix open to experimenting over time on what makes sense in the Indian market


Franchise

Franchise
Franchisee Journey: From retired director of sales to PostNet franchisee
Franchisee  Journey: From retired director of sales to PostNet franchisee - Entrepreneur
The Nelsons now proudly offer their community personalized, business-enhancing print, marketing and shipping solutions.



HR
Make In India and Smart Cities Projects to Generate 5 lakh Jobs in FY17
Make In India and Smart Cities Projects to Generate 5 lakh Jobs in FY17 - BANGALORE: Job seekers in India now have reason to rejoice as the year promises plenty of job opportunities for them. Government’s ambitious...

 


HR
For the first time, India's middle class is creating jobs
For the first time, India's  middle class is creating jobs - Forbes India
Startup India Action Plan reflects the recognition that technology-led entrepreneurship is a legitimate source of job and wealth creation, says Seedfund's Sanjay Anandaram


HR
Govt's attitude towards lack of jobs appalling: SC
Govt's attitude towards lack  of jobs appalling: SC - Times of India
Reiterating that the right to livelihood is a fundamental right, the Supreme Court on Monday slammed the government for its "callous" attitude towards tackling the problem of unemployment in the country.


HR
Education In India Won't Improve Till We Acknowledge These Problems
Education In  India Won't Improve Till We Acknowledge These Problems - Youth Ki Awaaz
I hope the next time we seek a revolution in Indian education, we work towards a change in 'Education Culture' and not the 'Education System'.



Logistics
India: FM likely to announce 4 major new ports in budget to be constructed at Dahanu (Andhra Pradesh), Colachel (Tamil Nadu), Sagar (West Bengal) and Dugarajapatnam (Andhra Pradesh) at an estimated cost of Rs 32,000 crore
Finance Minister Arun Jaitley is likely to propose four new major ports to be constructed, in the Budget for 2016-17. These ports would be at Dahanu (Andhra


Logistics
India's 1st railway university to come up in Gujarat at Vadodra
India's 1st railway  university to come up in Gujarat at Vadodra - Times of India
Indian Railways to finalise Rs 17,500 crore tenders for freight corridors by March - The ambitious Rs 81,459-crore project envisages freight rail lines along the western corridor between Delhi and Mumbai and the eastern corridor between Ludhiana and Howrah, running through Delhi


Logistics
Gold seizures at Mumbai airport dip by more than half this year compared to last year
Gold seizures at Mumbai airport  dip by more than half this year compared to last year - Hindustan Times
More than half 476.19kg seized in 2015 compared to 1,014kg in 2014; dip attributed to govt scrapping scheme that imposed several restrictions on imports


Logistics


Construction
Pune civic body receives Rs 900 crore property tax in FY16 so far
Pune civic body  receives Rs 900 crore property tax in FY16 so far - ET Realty
The property tax department of Pune Municipal Corporation (PMC) has raked in record Rs 900 crore revenue this financial year, so far. This comes as a ..


Construction
Housing.com joins hands with ICICI Prop Services for online expo
Housing.com joins hands with  ICICI Prop Services for online expo - ET Realty
Property portal Housing.com has partnered with ICICI Property Services to organize virtual exhibitions this year.


Construction
Solar power at a cheaper rate if you rent your rooftop
Solar power at a cheaper rate if  you rent your rooftop - ET Realty
Commercial buildings, malls and others are the target for these operators who would set up solar rooftops for free and sell you power at rates that ar..


Construction
Surat civic body hikes property tax and proposes 5,226 crore budget
Surat civic body  hikes property tax and proposes 5,226 crore budget - ET Realty
Surat Municipal Commissioner Milind Torwane presented Rs 5,226 crore budget for the year 2016-17 on Saturday morning proposing increase in property ta..



Marketing
Let Facebook get into a PPP if it wants to bring the Internet to all : Report
Let Facebook get  into a PPP if it wants to bring the Internet to all : Report - Economic Times
India’s everlasting net neutrality debate never ceases to amaze me. This time, however, the fight isn’t between telcos and over-the-top (OTT) service prov..


Marketing
Alipay and Paytm customers can soon make purchases on each other’s platforms : Report
Alipay and Paytm customers can  soon make purchases on each other’s platforms : Report - Medianama
Our Digital Payments coverage is brought you by Chillr: India’s 1st multi-Bank instant mobile payment app enabling fund transfers to anyone in your phonebook. Paytm and Alibaba have entered into a commercial agreement to allow Paytm to deploy Alipay’s technology via AliCloud. The agreement will all


Marketing
Telenor acquires marketing tech firm Tapad for $360 million : Report
Telenor acquires marketing tech  firm Tapad for $360 million : Report - Medianama
Telenor has acquired 95% stake in marketing technology firm Tapad for $360 million on a debt and cash-free 100% basis. With this acquisition, Telenor will enter the advertising technology vertical and gain expertise in digital marketing and analytics. Post acquisition, Tapad will operate as a



Politics
After Advani, it’s Yashwant Sinha’s turn: What’s going on in BJP party ranks is hardly unexpected
After Advani, it’s Yashwant Sinha’s turn:  What’s going on in BJP party ranks is hardly unexpected
Amit Shah — Prime Minister Narendra Modi's bad cop — was elected unopposed as BJP chief for the second term with 17 nominations last week. But the word 'unopposed' shouldn't be taken here too literally because BJP veterans like LK Advani and Murli Manohar Joshi gave the meeting a miss.


Politics
‘Modi govt may meet same fate as Indira’: Yashwant Sinha says his remark was misinterpreted
‘Modi govt may meet same fate as  Indira’: Yashwant Sinha says his remark was misinterpreted
Senior BJP leader Yashwant Sinha contended his remarks made in Goa on Sunday had been "completely misunderstood" and misinterpreted but the comments he made at a conference indicated that he was critical of Prime Minister Narendra Modi, without naming him.


Politics
After Gurjars and Patidars, it’s Kapus: India will continue to burn while netas play mischief with quotas
After Gurjars and Patidars, it’s Kapus: India  will continue to burn while netas play mischief with quotas
The violence in the East Godavari district by Kapus demanding reservation on Sunday is a tragic farce that is unfortunately played out in Indian politics with alarming regularity


Politics
Delhi Police Beat Up Women, Attack Students Protesting Rohith Vemula's Death In Front Of RSS Office
Delhi Police Beat Up Women, Attack Students Protesting  Rohith Vemula's Death In Front Of RSS Office
A video which documents Delhi Police personnel brutally beating up protesters outside the RSS office has gone viral with allegations that the police had tied up with RSS activists taking social media



Sports
Pep Guardiola signs three-year contract with Manchester City
Pep Guardiola signs three-year contract with Manchester  City
Pep Guardiola replaces Manuel Pellegrini and will take over as Manchester City manager in July.


Sports
World Twenty20 is a waste of time, feels Ryan Harris
World Twenty20 is a waste of time, feels Ryan Harris
Ryan Harris said there is no point in having a Twenty20 World Cup when the sides involved do not play too many of such games on a regular basis.


Sports
Aaron Finch races against time to get fit for World T20
Aaron Finch races against time to get fit for World T20
Aaron Finch missed the third T20 match against India, which the touring side won to sweep the series 3-0.


Sports
India rest in-form Virat Kohli for three-match T20I series against Sri Lanka
India rest in-form Virat Kohli for three-match T20I series  against Sri Lanka
Most of the squad is similar to the one which played three T20Is in Australia. Pawan Negi received his first call-up to the senior team.



Entertainment
Every actor feels insecure in Bollywood: Vidya Balan
Every actor feels insecure in Bollywood: Vidya Balan
Vidya Balan listed out the insecurity an actor feels as one of the dark things in Bollywood.


Entertainment
No other actor would have taken the risk to do Aligarh: Manoj Bajpayee
No other actor would have taken the risk to do Aligarh:  Manoj Bajpayee
In an exclusive telephonic interview with The Indian Express, Manoj Bajpayee tells why only he could do justice to the character of Professor Shrinivas Ramchandra Siras.


Entertainment
Meeting Pope ‘was great,’ says Leonardo DiCaprio
Meeting Pope ‘was great,’ says Leonardo  DiCaprio
Hollywood star Leonardo DiCaprio says he had a "great" meeting with Pope.


Entertainment
Rajinikanth thanks Centre for choosing him for Padma Vibhushan
Rajinikanth thanks Centre for choosing him for Padma  Vibhushan
Rajinikanth thanked the Centre for choosing him for the prestigious Padma Vibhushan award last week.




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