Wednesday, May 18, 2016

May 18, 2016 - Tata CLiQ: Tata Group's e-commerce platform launched

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
India just doesn't seem to be in the mood to receive charity from Silicon Valley. First, it was the TRAI ruling against Facebook's Free Basics (beautifully covered in this Guardian piece). Then, Apple's proposal to sell refurbished phones in India was rejected by the government. We may be poor, but we have our pride. We are a market of the future (10 years behind China says Tim Cook), and we also have our human capital (especially engineering talent), which is an even more urgent reason for the chiefs of Microsoft and Google (both Indian origin) and now Apple to engage with India.


Digital
Tata CLiQ: Tata Group's e-commerce platform launched
Tata Unistore, a Tata group business venture has announced the launch


Digital
Proposed levy on online advertisements will burn a hole in the pocket, say startups
Proposed levy  on online advertisements will burn a hole in the pocket, say startups - Economic Times
Fledgling startups say that the proposed 6% equalisation levy on online advertisements will burn a hole in their small pockets if it goes through.


Digital
Flipkart's logistic arm Ekart appoints former McDonalds exec Abhijit Upadhye as head of business development, and former Tata Teleservices exec Harish Abichandani as CFO
Flipkart's logistic arm  Ekart appoints former McDonalds exec Abhijit Upadhye as head of business development, and former Tata Teleservices exec Harish Abichandani as CFO
Upadhye will report to Ekart head Saikiran Krishnamurthy, while Abichandani will report to Flipkart CFO Sanjay Baweja.


Digital
Flipkart investor Tiger Global slashes its stake in Amazon by 67%
Flipkart investor Tiger Global  slashes its stake in Amazon by 67%
The fund also reduced its stake in Chinese e-tailer JD.com by nearly 25% and entirely dissolved its minority stake in Alibaba.


Digital
Fashion rental platform Blinge raises funding from Anupam Mittal, others
Fashion rental  platform Blinge raises funding from Anupam Mittal, others
Mumbai-based Panoptic Solutions Pvt. Ltd, which operates online fashion rental platform Blinge, has raised an undisclosed amount in its first round of funding led by Anupam Mittal, founder and CEO of People Group, a top company executive told Techcircle.in. The funding round, which happened in Oc


Digital
Intel, Dell join to strengthen cloud, e-commerce in India
Intel, Dell join to strengthen  cloud, e-commerce in India
For fast and reliable data access to the cloud, Intel also unveiled new solid state drives (SSDs)


Retail
Flipkart investor Tiger Global reduces its stake in Amazon by 67%
Flipkart investor Tiger Global  reduces its stake in Amazon by 67% - Economic Times
Amazon was Tiger Global's second-largest public holding, after it had picked up 2.44 million shares for about $1 billion in September last year.

Retail
What Amazon wanted from India's FDI in Ecommerce policy
What Amazon wanted from  India's FDI in Ecommerce policy - MediaNama.com
In an interview with the Economic Times, Amazon India MD Amit Agarwal largely avoids talking about the recently announced policy on FDI in ecommerce, which

Retail
Tata Group set to enter ecommerce space through the lauch of online marketplace CLiQ
Tata Group  set to enter ecommerce space through the lauch of online marketplace CLiQ - Economic Times
The Tata Groups entry follows online forays by several established conglomerates. Last week, Arvind Ltd launched its omni-channel platform NNNow.com.

Retail
India is our second largest market in terms of new customers: Amit Agarwal, VP, Amazon India
India is our second largest  market in terms of new customers: Amit Agarwal, VP, Amazon India - Financial Express
Amazon’s bullish approach towards India can be considered as a sign of an e-commerce market starting to grow out of its birth years — however gradual that may be.


Telecom
Tim Cook's Indian Curry bowl economics & what Apple hopes to achieve in India
Tim Cook's Indian Curry  bowl economics & what Apple hopes to achieve in India - Businessinsider India
India just ticked off another CEO off its bucket list. This time it's Apple CEO Tim Cook. Currently touring China, Cook will land in India on Tuesday night.


Telecom

Telecom
Telecom Day: Indian telcos look at consolidation while ringing louder
Telecom Day:  Indian telcos look at consolidation while ringing louder - Indiainfoline
The 2016 World Telecommunication and Information Society Day (WTISD-2016) will focus on the theme: "ICT entrepreneurship for social impact", as endorsed by the International Telecommunication Union Council. While the world focuses on ICT (Information and Communication Technology) enterprises and startups, India telecom industry is heading towards consolidation with four-five huge operators emerging from the shake-out.


Telecom
Letters: Trai must change its focus
Letters: Trai must change its  focus - Business Standard
It was nearly impossible to implement TRAI order. It is not possible to establish why a call has dropped and what is the duration of a call. This would have led to endless litigations



Finance
SBI merger: India may soon have a global Top 50 bank
SBI merger: India may soon have  a global Top 50 bank - Livemint
After over five years of hiatus, associate banks of SBI including State Bank of Bikaner and Jaipur have proposed to merger with the parent lender. The respective boards have proposed merger with th


Finance
HDFC to raise Rs1,500 crore via debentures
HDFC to raise Rs1,500 crore via  debentures - Livemint
The proceeds of the issue will be used for financing or refinancing the housing finance business requirements of the corporation, says HDFC


Finance
Sebi seeks clarification from L T Infotech on IPO plans
Sebi seeks clarification from L  T Infotech on IPO plans - Livemint
Sebi says it is awaiting response from lead manager for the proposed public offer of L&T Infotech


Finance
Starbucks raises $500 million with its first sustainability bond
Starbucks raises $500 million  with its first sustainability bond - Livemint
Starbucks Corp. plans to sell 10-year bonds to pay for sustainable projects, such as programs to support coffee growers




Software
After Freedom 251, Chinese mobile manufacturer to launch smartphones starting at Rs 700
After Freedom 251, Chinese  mobile manufacturer to launch smartphones starting at Rs 700 - Firstpost
Chinese mobile phone manufacturer Transsion Holdings on Monday announced its entry in the Indian market with its global brand itel phone in an affordable price range of Rs 700-Rs 7,000.


Software
Infosys aims to boost productivity : Revamps processes across verticals
Infosys aims to  boost productivity : Revamps processes across verticals
The initiative, which is internally being called the “Process Plus Plus Initiative,” was actually conceptualised nearly 12 months ago.


Software
Why Tim Cook is heading to India? : Does it has anything to do with 'Make in India'?
Why Tim Cook is heading to  India? : Does it has anything to do with 'Make in India'?
Jobs never considered India a significant market for the companys iconic products, but for Tim Cook this is the country Apple cannot afford to ignore.


Software
GoDaddy, ShopClues announce a strategic partnership to help small businesses with domain names to build brand online
GoDaddy, ShopClues announce a  strategic partnership to help small businesses with domain names to build brand online
Through this partnership, ShopClues merchants can now direct visitors to their ShopClues listings page using domain names from GoDaddy



Ecommerce
Flipkart investor Tiger Global reduces its stake in Amazon by 67%; fund also reduces its stake in Chinese e-tailer JD.com by nearly 25%
Tiger Global Management, the largest shareholder in e-commerce major Flipkart, has pared its stake in Amazon Inc by about 67%. Chase Coleman’s Tiger Global has slashed its holding in Amazon to 1 million shares worth $619 million as of March quarter.

Ecommerce
Ratan Tata invests in medical emergency response start-up MUrgency; Start-up looking to use the funds to augment technology, scale operations
MUrgency is looking to use the funds to augment technology, scale operations and set up a emergency response network globally through appropriate partnerships

Ecommerce
How Clovia plans to go after customers in tier 2/3 cities with an omni-channel strategy
How Clovia  plans to go after customers in tier 2/3 cities with an omni-channel strategy - VCCircle
Online lingerie retailer Clovia is focusing on tier 2 and 3 cities as it tries to carve out a niche for itself in the Indian lingerie market. Realising that 60% of its sales are coming from tier 2 and 3 cities, the platform is coming out with new products and designs based on customer feedback from these cities, even as it draws up an omni-channel strategy for these under-served markets.

Ecommerce
Tonetag and Mphasis collaborate to make digital payments more secured using sound waves
Tonetag and Mphasis collaborate  to make digital payments more secured using sound waves - The Tech Portal
ToneTag, on the other hand, is a contactless payment app that uses sound waves to enable offline, proximity-based contactless payments on any device.



HR
Thinking Allowed
Thinking Allowed - Silence may  be best: No satyamev jayate for you - Deccan Chronicle
It is not enough for a reporter to provide facts.


HR
New department to direct India port, maritime investment
India is accelerating its drive for private investment in its ports and...


HR
Publisher of LA Times and Chicago Tribune sends IT jobs overseas
Publisher of LA Times and  Chicago Tribune sends IT jobs overseas - Computerworld
The Tribune Publishing Co. is laying off as many as 200 IT employees as it shifts work overseas.


HR
India's Job Creation Data not Reflective of Good Times
India's Modi promised job creation and job seekers are still waiting.



Logistics
Air India plans new flights from Indore, to Kolkatta, Raipur, Bhopal and Ahmedabad
Air India plans  new flights from Indore, to Kolkatta, Raipur, Bhopal and Ahmedabad - Hindustan Times
The pan-African flag carrier currently operates a daily double service to New Delhi and Mumbai from capital city Addis Ababa.


Logistics
CAIT sharpens pitch on GST Bill, wants Congress to back the legislation
CAIT sharpens  pitch on GST Bill, wants Congress to back the legislation - Economic Times
CAIT said it has its own concerns about the proposed GST, but stalling of its passage is depriving the body of the opportunity of being heard.


Logistics
Reliance Defence-Antonov to first market commercial aircraft to Indian Airlines
Reliance  Defence-Antonov to first market commercial aircraft to Indian Airlines - AviationPros.com
Reliance Defence Ltd. and Antonov Co. will market their commercial aircrafts to Indian airlines before venturing into global markets, where they will be pitted against well-entrenched competitors.


Logistics
Repair in India: Engineering contracts to earn AI Rs 175 crore
Repair in India: Engineering  contracts to earn AI Rs 175 crore - Mumbai Mirror
Air India's engineering services on Monday handed back a Boeing 777 aircraft to Jet Airways ...



Construction
Land records get digitized in Kolhapur
Land records get digitized in  Kolhapur - ET Realty
Earlier, the database access done manually would take time and cause delays. With this, Kolhapur has become the fourth district in the state to go com..


Construction
Now pay holding taxes to Ranchi civic body through ICICI Bank
Now pay holding taxes to Ranchi  civic body through ICICI Bank - ET Realty
Now all a person has to do is approach their nearest ICICI bank branch and give their holding number or water connection number and they would be info..


Construction
Tirupati Panigrahi blamed by 20 flat buyers for cheating them
Tirupati Panigrahi blamed by 20  flat buyers for cheating them - ET Realty
The complainants alleged that the Panigrahi's Hi-Tech Estate and Promoter Pvt Ltd collected crores of rupees from them between 2008 and 2013 to provid..


Construction
Sobha rises after buyback proposal is approved by board
Sobha rises after buyback  proposal is approved by board - ET Realty
In a regulatory filing to BSE, the company said, “a meeting of the board of directors of the company is scheduled on May 19, 2016,” to consider a ..



Marketing
CCI to look into cashbacks models for predatory pricing : report
CCI to look into cashbacks  models for predatory pricing : report - Medianama
The Competition Commission of India, the anti-competition watchdog of India, will be looking into digital wallets and ecommerce companies such as Paytm and MobiKwik regarding the practice of cashbacks, reports the Economic Times. The report adds that the CCI is looking into the matter after


Marketing
Facebook extends video advertising to Audience Network : Report
Facebook extends video  advertising to Audience Network : Report - Livemint
Audience Network is a collection of third-party apps and sites that advertisers can use to extend the reach of their Facebook and Instagram ads


Marketing
Apple CEO's likely agenda for multi-day India visit
Apple CEO's likely agenda  for multi-day India visit - International Business Times, India Edition
The world's second-largest smartphone-maker remains under-penetrated in the world's second-largest market by volume.



Politics
Poll Strategist Prasant Kishor Will Call It Quits If Congress Doesn't Play By His Rules
Poll Strategist Prasant Kishor Will Call It Quits If  Congress Doesn't Play By His Rules
It has been learnt that the Congress party’s political strategist for Uttar Pradesh and Punjab, Prashant Kishor, is not having an easy time with the 'grand old party'. Kishor has taken upon


Politics
Subramanian Swamy's Bizarre Reason For Asking The PM To Fire Raghuram Rajan
Subramanian Swamy's Bizarre Reason For Asking The PM To Fire  Raghuram Rajan
NEW DELHI -- In a fresh salvo at RBI Governor Raghuram Rajan, BJP MP Subramanian Swamy has written to Prime Minister Narendra Modi seeking immediate sacking of the former IMF Chief Economist while all


Politics
Freebies in Tamil Nadu: A unique way for netas to fulfil moral obligations
Freebies in Tamil Nadu: A unique way for netas to  fulfil moral obligations
In the run up to the 2006 Assembly elections, culture of freebies touched a new high when the DMK announced free colour televisions.


Politics
Mamata redux? West Bengal exit polls indicate the irrelevance of ‘bhadralok’ angst
Mamata redux? West Bengal exit polls indicate the  irrelevance of ‘bhadralok’ angst
If Bengal is indeed in her bag, Mamata could be well on her way to Delhi in 2019. She has made her ambition quite clear on multiple occasions.



Sports
IPL 2016, RPS vs DD: Pune beat Delhi by 19 runs under D/L method
IPL 2016, RPS vs DD: Pune beat Delhi by 19 runs under D/L method
With persistent rain, the match was called off after a wait of around 15 minutes with Pune ahead of the par score of 57 by 19 runs.


Sports
Anurag Thakur set to be BCCI president
Anurag Thakur set to be BCCI president
All six East Zone associations, have decided Anurag Thakur is going to be the replacement of Shashank Manohar.


Sports
India announce experimental squad for Champions Trophy, PR Sreejesh named captain
India announce experimental squad for Champions Trophy, PR  Sreejesh named captain
Champions Trophy, which will serve as a preparatory tournament before Rio Olympics, will be held in London from June 10 to 17.


Sports
Sunil Gavaskar backs Rahul Dravid as India coach
Sunil Gavaskar backs Rahul Dravid as India coach
In the past as well, Sunil Gavaskar has vouched for Rahul Dravid and suggested his name for the top job after the sacking of Duncan Fletcher



Entertainment
Kristen Stewart’s new film ‘Personal Shopper’ booed at Cannes
Kristen Stewart’s new film ‘Personal Shopper’  booed at Cannes
Kristen Stewart's new supernatural drama has become the first film to receive boos instead of applause at this year's Cannes Film Festival.


Entertainment
Apoorva Lakhia clueless about developments on ‘Haseena’ biopic
Apoorva Lakhia clueless about developments on  ‘Haseena’ biopic
Apoorva Lakhia says he is not aware of any recent developments on his upcoming biopic on underworld don Dawood Ibrahim's sister Haseena.


Entertainment
Would love to do biopic on Yuvraj Singh: Emraan Hashmi
Would love to do biopic on Yuvraj Singh: Emraan Hashmi
Emraan Hashmi, who features as cricketer Mohammad Azharuddin in the film "Azhar", says he would love to do a biopic on Yuvraj Singh.


Entertainment
Saif Ali Khan is part of Salman Khan’s production ‘Jugalbandi’
Saif Ali Khan is part of Salman Khan’s production  ‘Jugalbandi’
Saif Ali Khan is very much a part of Salman Khan's upcoming film "Jugalbandi", sources have said.






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