Monday, March 28, 2016

March 28, 2016 - Bansal vs Bahl: Founders of two India's largest e-commerce companies washing their dirty linen in public, and why?

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Blog
Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
This article is titled 'Who is lying about its marketshare, Ola or Uber?' Ola continues to say it has 75% market share. Uber says its at close to 50% market share. Ola also says that 'Ola Micro' itself does 50% of the bookings of Uber. The key to the discrepancies may be in the details. Marketshare should be in revenues, not in number of bookings. Also, are Ola and Uber using the same total marketsize number? Thankfully, we don't have GMV or some other cooked up metric here to further complicate things. It reminds me of Wall Street, where every bank claims it is at the top of the league tables. Of course, every one chooses a different metric. Most number of deals done in companies ranging from $500m to $600m and whose CEO's name starts with an 'A', anyone? - Comment


Digital
Bansal vs Bahl: Founders of two India's largest e-commerce companies washing their dirty linen in public, and why?
The war of words reveals the stress that the e-commerce industry is going through.


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Digital
Disney India's strategy to widen reach: To stream content via Facebook, YouTube
Disney India's strategy to  widen reach: To stream content via Facebook, YouTube - Business Standard
Come April 28 and the network will launch its first-ever web-series, Girl in the City, on Facebook's video platform


Digital
Uber to invest $500 million by June in India as it takes on rival Ola
Uber to invest  $500 million by June in India as it takes on rival Ola
Just nine months ago, Uber committed to invest $1 billion in India, a market the companys founder has said could surpass either US or China for Uber.


Advance to a Proactive I&O Organization in Four Steps

Advancing I&O maturity increases the value that I&O delivers. This essential piece of Gartner research shares 4 easy steps to advance your I&O organization.

The Responsible Business Summit Asia 2016 - Empowering Suppliers & Engaging Customers
Asia
Leverage value chain opportunities and minimise supplier risks to ensure business longevity. The Responsible Business Summit Asia 2016 will bring together leading supply chain, procurement and sustainability professionals to discuss and understand why value chain sustainability is vital for commercial growth.

Digital
Venture Catalysts plans to invest over Rs 1 crore in artificial intelligence startups
Venture  Catalysts plans to invest over Rs 1 crore in artificial intelligence startups
The network which recently partnered with Silicon Valley-based startup accelerator Plug and Play, eyes big growth potential in this space.


Digital
Online purchases in India to increase 78% this year: Study
Online purchases in India to  increase 78% this year: Study - Enterprise Innovation
Average online purchases in India are expected to increase by 78 percent in 2016 from 66 percent in 2015, a new study reveals.


Digital
Defence Procurement Policy to be launched online during Defence Expo India-2016
Defence  Procurement Policy to be launched online during Defence Expo India-2016 - Economic Times
Defence Minister Manohar Parrikar says policy to be launched during DefExpo beginning in Goa tomorrow


Retail
Future Group CEO Kishore Biyani smells consolidation in ecommerce space
Future Group  CEO Kishore Biyani smells consolidation in ecommerce space - Economic Times
Biyani said Twitter spat between ecommerce poster boys Bansal and Bahl could indicate a consolidation wave triggered by Alibabas imminent entry.

Retail
V-Mart to expand in eastern states, targets 150 stores in FY17
V-Mart to expand in eastern  states, targets 150 stores in FY17 - Economic Times
Multi-brand retail chain V-Mart plans to open stores in eastern states such as Jharkhand and Odisha next fiscal to take the number of its outlets to 150.

Retail
Measuring price rise in the age of online shopping
Measuring price rise in the age  of online shopping - Hindu Business Line
Adding a digital price index to the traditional CPI helps track inflation better

Retail
No sign of end to jewellers' strike; shops remain shut
Meanwhile, the government has constituted a panel under former Chief Economic Advisor Ashok Lahri to look into the demands of jewellers.


Telecom
Spectrum auction to start mid-July; may rake up over Rs 5 lakh
Spectrum auction to start  mid-July; may rake up over Rs 5 lakh - Daily News Analysis
Spectrum auction to start mid-July; may rake up over Rs 5 lakh - The auction will be the biggest-ever in terms of value and is more than double the gross revenue of the telecom services industry.


Telecom
Reliance Jio 4G launch postponed to December due to technical challenges: Report
Reliance Jio 4G  launch postponed to December due to technical challenges: Report - International Business Times, India Edition
Reliance Jio will take the extra time to patch any "blind spots" to ensure a stable commercial launch later this year.


Telecom
Mobile banking sees dramatic surge in India
Mobile banking sees dramatic  surge in India - Livemint
Banks have launched new payment instruments as they seek to prevent customers from moving money to newly emerging non-bank companies.


Telecom
'LTE Innovation Summit 2016' to Showcase Future of 4G LTE
NEW DELHI: One of India’s leading conferences and B2B event organizers Nexgen Conferences announced the first edition of ‘LTE Innovation Summit’, an internation...



Finance
How external directors can support growth in family-owned SMEs
How external directors can  support growth in family-owned SMEs - Livemint
Outside board members can be particularly effective at coaching and guiding owners to address mental barriers to grow


Finance
Why Maruti Suzuki’s shares hit a roadblock
Why Maruti Suzuki’s  shares hit a roadblock - Livemint
The 19% decline in the stock price of Maruti Suzuki since January seems to have factored in the near-term challenges


Finance
Here's what makes India a paradise for startups
Here's what makes India a  paradise for startups - Times of India
Accelerators -- which mentor entrepreneurs and help them finesse business plans -- from around the world are entering the early-stage Indian startup scene and making aggressive investments.


Finance
GoAir awaits Airbus delivery schedule to decide IPO timing
GoAir awaits Airbus delivery  schedule to decide IPO timing - Livemint
GoAir has placed an order for 72 A320neo planes; carrier expected to take delivery of its first A320neos by May




Software
IT deals worth $100 billion up for renewals : TCS, Infosys and other Indian IT cos gear up
IT deals worth $100 billion up  for renewals : TCS, Infosys and other Indian IT cos gear up - Economic Times
Outsourcing contracts of more than $100 billion are coming up for renewal during 2016-17 from customers including Deutsche Bank, UBS, Mitsubishi.


Software
Google, IBM and other tech cos fight for first position in artificial intelligence race
Google, IBM and other tech cos  fight for first position in artificial intelligence race
If true believers in AI are correct that this technology is ready for mainstream, the company that controls AI could steer the tech industry.


Software
Online content demand to rise rapidly with 4G, says Deloitte report
Online content  demand to rise rapidly with 4G, says Deloitte report
With greater rollout of 4G services in the country, consumer demand for online content will increase rapidly in the coming years, says Deloitte.


Software
Will allowing pre-owned iPhone imports negate Make in India?
Will allowing pre-owned iPhone  imports negate Make in India?
Apple has sought permission from the govt to import second hand iPhones for sale in India, where its sales are doubling on-year.



Ecommerce
Mukesh Bansal returns for a second innings: Can he play a second successful innings, repeat what he did with Myntra?
The big question now is: Can Bansal play a second successful innings, repeat what he did with Myntra?

Ecommerce
Ecommerce logistics company Xpressbees plans to use the Rs 85 crore raised from existing investors to build capacity in the Northeast
The logistics arm of baby and mother care product etailer FirstCry was spun off last year into a separate entity to service third party orders.

Ecommerce
Horntell Raises $150k From CEO of 91mobiles, Nandan Nilekani Makes His Biggest Investment So Far & More
Horntell Raises $150k From CEO  of 91mobiles, Nandan Nilekani Makes His Biggest Investment So Far & More - iamWire
Horntell Raises $150k From 91mobiles CEO Bharanidharan Viswanathan, Nandan Neklani Makes His Biggest Investment So Far in an Automotive Startup, Fish & Meat Retailer Freshtohome Secures Funds From Zynga’s Co Founder Mark Pincus, & Online Wedding Planner Provider Loverly Raises Additional $2M in Series A


Franchise
Franchisee Journey: From 28 years with Motorola to consultancy franchisee with Expense Reduction Analysts
Franchisee Journey: From 28  years with Motorola to consultancy franchisee with Expense Reduction Analysts - Entrepreneur
After spending much of her career at Motorola, Linda Zager learned that selling consulting services required different techniques than selling phones.


Franchise
American athletes who are growing their savings by joining the franchising game
American  athletes who are growing their savings by joining the franchising game - Franchise Direct
Sports stars know that franchising is a good investment for their hard-earned millions. For this Friday Franchising News, we're bringing you 5 professional athletes who have made headlines by joining the franchising game.



HR
Engaging employees in a fledgling organisation
Engaging employees in a  fledgling organisation - Business Standard
For start-ups, it's never too early to adopt an employee recognition plan


HR
The burning question: How can we make it easy for India's entrepreneurs to create jobs?
The burning question: How can  we make it easy for India's entrepreneurs to create jobs? - YourStory.com
Over the last several years, there has been a good amount of discussion on the need to capitalise on India’s demographic dividend. Statements that are used


HR
India Inc young guns ape Gates, Jobs in vocal rivalry
India Inc young guns ape Gates,  Jobs in vocal rivalry - Business Standard
Throwing corporate propriety to the wind, founders of Flipkart, Snapdeal often aim barbs at each other on Twitter & FacebookThe bigwigs of India Inc, the Tatas, the Birlas, the Ambanis or the Ruias, restrict criticism of their bitterest rivals to


HR
Cos see higher CSR spending next fiscal: Survey
Cos see higher CSR spending  next fiscal: Survey - The Hindu
“While 6 per cent participants expected a decline, another 9 per cent cited no change. The remaining 2 per cent of the companies said they have made a CSR allocation in their budget for the first time



Logistics
India-Myanmar Friendship Road opens in Phek district of Nagaland
India-Myanmar Friendship Road  opens in Phek district of Nagaland - NorthEast Today
The India-Myanmar Friendship Road was inaugurated in Phek ditrict of Nagaland, paving the way for greater connectivity between the people of the two neighb


Logistics

Logistics
New Delhi: Bomb threat to six flights at Indira Gandhi International Airport of Air India and Jet Airways
New Delhi: Bomb threat to six  flights at Indira Gandhi International Airport of Air India and Jet Airways - Daily News Analysis
New Delhi: Bomb threat to six flights at Indira Gandhi International Airport - Some of the flights mentioned by the anonymous caller do not even exist.


Logistics
Nepal Airlines plans to buy 4 new aircraft to expand routes to India, other countries
Nepal Airlines plans to buy 4  new aircraft to expand routes to India, other countries - Daily News Analysis
Nepal Airlines plans to buy 4 new aircraft to expand routes to India, other countries - "We are planning to buy four aircraft - two wide-body and two narrow body."



Construction
Home-buying process to ease significantly with passage of Real Estate Bill
Home-buying  process to ease significantly with passage of Real Estate Bill - Livemint
The bill aims to make the sector transparent, give home buyers the advantage and, in turn, lift the market


Construction
Luxury market to grow tenfold: NITI Aayog CEO Amitabh Kant
Luxury market to grow tenfold:  NITI Aayog CEO Amitabh Kant - Livemint
India’s luxury market has the potential to grow to $180 billion by 2025, says NITI Aayog CEO Amitabh Kant


Construction
Indore Development Authority set to pump in Rs 343.75 crore in urban infra, affordable housing
Indore Development Authority  set to pump in Rs 343.75 crore in urban infra, affordable housing - ET Realty
The development authority is planning to develop the super corridor at a cost of Rs 22 crore


Construction
Ashoka Buildcon denies financing any construction of Bhujbal
Ashoka Buildcon denies  financing any construction of Bhujbal - ET Realty
Bhujbal was sent to 14-day judicial custody by a Special Court of the Prevention of Money Laundering Act in Mumbai on March 17



Marketing
Nando's Attacked for Sexist Print Ad in India : Report
Also, the headline at the Ad read - 'Try something you can grab with both hands'.

 


Marketing
Medical body starts drive to teach docs advertising rules : Report
Medical body starts drive to  teach docs advertising rules : Report - Times of India
Following the Maharashtra Medical Council’s decision to suspend the registration of a doctor-couple for three months for advertising, the Indian Medical Association (IMA) has started a campaign to educate its 2.5 lakh members about the dos and don’ts of advertising.


Marketing

Marketing
Netflix blocks India access to global content
Netflix blocks India access to  global content - Business Standard
Company cites copyright issues but users irked by crackdown on VPNs



Politics
Modi or no Modi, RSS or no RSS, Venkaiah Naidu will always find a new god to worship
Modi or no Modi, RSS or no RSS, Venkaiah Naidu will always  find a new god to worship
So long as Modi dominates the political scene, Naidu will stick to his guns even if the RSS frowns upon him


Politics
Rediscovering socialism: Rahul meeting Kanhaiya is not opportunism, but a promising start
Rediscovering socialism: Rahul meeting  Kanhaiya is not opportunism, but a promising start
When Kanhaiya Kumar captured the nation’s imagination with his televised speech at the Jawaharlal Nehru University (JNU) campus after his release from police custody, it appeared to be nothing more than a storm in a tea-cup because the grounds for his arrest were silly. In the subsequent days, Kanhaiya, however, gained considerable eyeballs and heavyweight fans across the country


Politics
A Look at Available Data Suggests That the Government’s Initiatives to Combat Sexual Violence are Hollow
A  Look at Available Data Suggests That the Government’s Initiatives to Combat Sexual Violence are Hollow
In the 2013 budget session, the then finance minister P Chidambaram announced the creation of the Nirbhaya fund. Set up in the aftermath of the horrific rape of Jyoti Singh in December 2012, the fund was created as a corpus under the Department of Economic Affairs (DoE) to finance initiatives concentrating on women’s safety. The … Continue reading A Look at Available Data Suggests That the Government’s Initiatives to Combat Sexual Violence are Hollow


Politics
BJP takes inspiration from Savarkar’s love for India: Amit Shah lashes out at Rahul Gandhi over ‘Gandhi ours, Savarkar yours’ remark
BJP takes inspiration from Savarkar’s love  for India: Amit Shah lashes out at Rahul Gandhi over ‘Gandhi ours, Savarkar yours’ remark
Amit Shah also criticised the Congress for Shashi Tharoor's remark in which he compared Kanhaiya Kumar to Bhagat Singh.



Sports
Virat Kohli takes India past Australia, into semis
Virat Kohli takes India past Australia, into semis
Daunted with a steep chase, Virat Kohli’s unbeaten 51-ball 82 takes India past Australia and into the semi-finals.


Sports
India vs Australia: Who said what about India’s win, Virat Kohli’s knock
India vs Australia: Who said what about India’s win,  Virat Kohli’s knock
India gun down Australia's 160/6, riding high on Virat Kohli's unbeaten 51-ball 82.


Sports
India vs Australia: Where the game swung India’s way in Mohali
India vs Australia: Where the game swung India’s way in  Mohali
India vs Australia: India sealed passage into the semi-finals after 6-wicket win over Australia in Mohali on Sunday.


Sports
Virat Kohli is very hungry to score runs for India, says MS Dhoni
Virat Kohli is very hungry to score runs for India, says MS  Dhoni
MS Dhoni has praised Virat Kohli's temperament and match-winning prowess a million times and it was no different today also.



Entertainment
I have no interest in Hollywood: Kareena Kapoor Khan
I have no interest in Hollywood: Kareena Kapoor Khan
Kareena Kapoor Khan says she is not eyeing Hollywood.


Entertainment
Was difficult to accept failure of ‘Shamitabh’: R. Balki
Was difficult to accept failure  of ‘Shamitabh’: R. Balki
R. Balki says he was disappointed that his last Hindi directorial "Shamitabh" failed to elicit the expected response.


Entertainment
‘Kapoor and Sons’ makes you revisit own demons: Mahira Khan
‘Kapoor and Sons’ makes you  revisit own demons: Mahira Khan
Mahira Khan has heaped praise over Bollywood film “Kapoor & Sons”, which also features Fawad Khan.


Entertainment
Bollywood stars shower love on `Ki and Ka`
Bollywood stars shower love on `Ki and Ka`
Directed by R Balki, the flick is slated to hit the theatres on April 1.






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