Tuesday, May 24, 2016

May 24, 2016 - Flipkart will remain the largest player in online retail, no challenger in sight for top slot: CEO Binny Bansal

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
The unauthorized use of prescription drugs such as the ADHD medications Adderall and Ritalin and the narcolepsy drug Modafinil is now common among American university students. They use these drugs not to escape work and avoid responsibility but to be able to work more and better. Up to 20% of Ivy League college students have already tried "smart drugs," so we can expect these pills to feature prominently in organizations (if they don't already). After all, the pressure to perform is unlikely to disappear the moment students graduate. And senior employees with demanding jobs might find these drugs even more useful than a 19-year-old college kid does. And yet aside from anecdotal evidence, we know very little about the use of these drugs in professional settings. The Financial Times has claimed that they are "becoming popular among city lawyers, bankers, and other professionals keen to gain a competitive advantage over colleagues." Back in 2008 the narcolepsy medication Modafinil was labeled the "entrepreneur's drug of choice" by TechCrunch. Full story here


Retail
Flipkart will remain the largest player in online retail, no challenger in sight for top slot: CEO Binny Bansal
Flipkart will remain the  largest player in online retail, no challenger in sight for top slot: CEO Binny Bansal - Economic Times
"I think the only way to do that is we need to deliver this value proposition, innovate and solve local problems with local technology solutions," Binny Bansal said.

Retail
What the financials of online food ordering biggies Swiggy, Foodpanda and Zomato reveal
What the financials of online  food ordering biggies Swiggy, Foodpanda and Zomato reveal - YourStory.com
After the turmoil the food ordering space has witnessed lately, the last ones standing in the battlefield are Zomato, Rocket Internet-backed Foodpanda.com and Bengaluru-based Swiggy (Bundl Technologies Pvt. Ltd).

Retail
KFC, Pizza Hut, Domino's, McDonald's outlets selling toxic breads: CSE study
KFC, Pizza Hut, Domino's,  McDonald's outlets selling toxic breads: CSE study - Business Standard
Except Domino's, others deny use of potassium bromate and potassium iodate

Retail
Acer seeks to reap Make in India perks with switch to retail model and sell
Acer seeks to  reap Make in India perks with switch to retail model and sell - Economic Times
The company would start manufacturing smartphones in India from its Puducherry unit in the next three months. It already assembles desktops here.

Retail
Amazon India will no longer offer refunds on electronics
For refurbished electronics like mobiles, tablets and laptops, Amazon India will issue refunds if the customers return the same within 10 days of purchase.

Retail
Tata's e-commerce portal ties up with Genesis for exclusive luxury brands
Tata's  e-commerce portal ties up with Genesis for exclusive luxury brands - Economic Times
The partnership is a testament to providing the Indian consumer authentic brand experiences directly through authorized sellers and not unknown resellers.

Sports
India squads for Zimbabwe and West Indies: Selectors look beyond IPL, reward domestic performers
India squads for Zimbabwe and West Indies: Selectors look beyond  IPL, reward domestic performers
For selecting Faiz Fazal and Shardul Thakur, the selection committee should be lauded for looking beyond the IPL.


Sports
French Open 2016: Stan Wawrinka’s title defence begins with five set win on rain-hit Day 2
French Open 2016: Stan Wawrinka’s title defence begins with  five set win on rain-hit Day 2
Defending champion Stan Wawrinka had to battle hard before beating Lukas Rosol 4-6 6-1 3-6 6-3 6-4 in first round.


Sports
United would be brave to appoint Mourinho, says Schmeichel
United would be brave to appoint Mourinho, says Schmeichel
Former Manchester United goalkeeper Peter Schmeichel believes the club would be "brave" to appoint Jose Mourinho as Louis van Gaal's successor.


Sports
RCB vs GL: When one door shuts, another opens for Suresh Raina
RCB vs GL: When one door shuts, another opens for Suresh Raina
While his India future looks uncertain, Suresh Raina has an opportunity to lead Gujarat Lions to title in their maiden IPL season.



Entertainment
The Omen sequel series cancelled
The Omen sequel series cancelled
A&E officially dropped its Omen sequel series, following the conclusion of its first season.


Entertainment
Jay Z’s surprise performance at Diddy’s concert
Jay Z’s surprise performance at Diddy’s concert
Jay Z and Mary J Blige surprised the audience at Sean Diddy Combs Bad Boy Family Reunion concert.


Entertainment
Akhil, Arjun Kapoor considered for Kammati Paadam remake
Akhil, Arjun Kapoor considered for Kammati Paadam remake
Akhil Akkineni and Arjun Kapoor are being considered for Kammati Paadam remake.


Entertainment
People thought I can’t act: Lisa Haydon
People thought I can’t act: Lisa Haydon
Lisa Haydon says her biggest struggle as an actor was the perception, she can't act.



Telecom
Reliance Jio Set to Lose Big as Government Favours Uniform Spectrum Usage Charge
Reliance Jio Set to Lose Big as  Government Favours Uniform Spectrum Usage Charge - The Wire
The Department of Telecommunications submitted its recommendations to the attorney general's office last week, in order to make sure it has covered all its bases.


Telecom
Tim Cook India Strategy Hinges On 4G, Retailing, Maps, Apps And Manufacturing
Tim Cook India  Strategy Hinges On 4G, Retailing, Maps, Apps And Manufacturing - TeleAnalysis
Apple CEO Tim Cook India strategy hinges on five pillars - 4G, retailing, maps, apps and manufacturing as India is the new growth market for the company


Telecom

Telecom
Spectrum cost very high in India: Sistema Shyam Teleservices CEO Sergey Savchenko
Spectrum cost  very high in India: Sistema Shyam Teleservices CEO Sergey Savchenko - Economic Times
SSTL operates in Delhi, UP West, Rajasthan, Gujarat, Karnataka, Kerala, Tamil Nadu, Kolkata and rest of West Bengal under MTS brand name.



Politics
How Many More Defeats Will It Take For The Congress Party To Tweak Its Leadership?
How Many More Defeats Will It Take For The Congress  Party To Tweak Its Leadership?
In an emotional speech Rahul Gandhi had said that his mother had come to him and wept after he had been appointed the Congress vice president. “My mother came to my room and she sat with me


Politics
Is Prashant Kishor Helping Congress Relaunch Rahul Gandhi?
Is Prashant Kishor Helping Congress Relaunch  Rahul Gandhi?
NEW DELHI -- Prashant Kishor, the election campaign manager brought in by Congress party to reverse its declining fortunes, knew his real work would begin when the party hit rock bottom. It looks like


Politics
The DMK's Biggest Challenge: A Crisis Of Credibility
The DMK's Biggest Challenge: A Crisis Of Credibility
Hindsight is a wonderful thing. When the polls are done and dusted, one can say, in cavalier fashion, that the writing was always on the wall. The Dravida Munnetra Kazhagam (DMK), should not have give


Politics
Kerala governor appoints Pinarayi Vijayan as CM, invites him to form govt
Kerala governor appoints Pinarayi Vijayan as CM,  invites him to form govt
Vijayan's name was suggested by party secretary Kodieyri Balakrishnan as per the decision of the state committee and it was approved by all the MLAs.




Digital
Food delivery startup TinyOwl closes operations in all cities except Mumbai
Food delivery  startup TinyOwl closes operations in all cities except Mumbai - TechCrunch
TinyOwl, a India-based restaurant delivery service that has raised more than $27 million from investors including Sequoia Capital and Matrix Partners, has..


Digital
Google may get government approval to conduct pilot for Project Loon in India
Google may get  government approval to conduct pilot for Project Loon in India
According to a top government official, the idea is to test as many alternative models of providing internet connectivity in India as possible.


Digital
HSBC to shut 24 branches in India to expand digital banking
HSBC to shut 24 branches in  India to expand digital banking - Zacks.com
Food-tech firm Eatonomist, online fashion discovery startup Hoppingo & ed-tech co EduRev have raised funding through their separate deals.


Digital
P2P lender Faircent.com, eMudhra launch e-Sign for speedy online loan
P2P lender Faircent.com has launched e-Sign facility in partnership with eMudhra to al



HR
'The focus is on improving parameters'
Higher education in Jammu and Kashmir has come a long way since 1969 when the University of Jammu and Kashmir was bifurcated to create two separate institutions in both regions.

 


HR
MY BIZ: China fears loss of Apple jobs as CEO Tim Cook plans to expand in India
MY BIZ: China  fears loss of Apple jobs as CEO Tim Cook plans to expand in India - Daily Mail
After Apple CEO Tim Cook spoke of plans to expand manufacturing operations in India, China fears it could lead to a possible exodus of the Apple production chain and the loss of thousands of jobs.


HR
Need jobs by hordes
Tap manufacturing sector to address challenge

 


HR
Internships and part-time jobs lure Nashikites
Internships and part-time jobs  lure Nashikites - Times of India
Nashik youngsters are making the most of their free time with summer internships and jobs.



Logistics
India, Iran ink pact to develop Chabahar port, Modi and Hassan Rouhani sign in Tehran

A “milestone” pact on the strategic Chabahar Port in southern Iran was among the several agreements signed by New Delhi and Tehran here on Monday. New Delhi will invest $ 500 million in Chabahar Port which will give India access to Afghanistan and Europe, bypassing Pakistan.

 


Logistics
Suresh Prabhu launches 7 pairs of Express trains, inaugurates new railway-related activities
Suresh Prabhu launches 7 pairs  of Express trains, inaugurates new railway-related activities - Daily News Analysis
Suresh Prabhu launches 7 pairs of Express trains, inaugurates new railway-related activities - Prabhu launched ergonomically redesigned and optimized tools for track gangs, keymen and patrolmen for Indian Railways.


Logistics
Pradhan Mantri Surakshit Sadak Yojana on anvil to make roads safer; to have Rs 2000 crore initial fund
Pradhan Mantri Surakshit Sadak  Yojana on anvil to make roads safer; to have Rs 2000 crore initial fund - Economic Times
The government will take the help of the Indian Institutes of Technology to prepare special reflectors for hill roads and redesign them to fix sharp curves.


Logistics
CII to Launch MBA in Logistics in Collaboration With Amity University
The Confederation of Indian Industry (CII) is set to launch The CII School of Logistics, offering specialized MBA programmes, in collaboration with Amity University. This unique Industry-Academia tie-up has been created for the purpose of producing professionals of international standard by changing the way higher education is delivered in India.

 



Finance
How Sanjiv Bajaj turned Bajaj Finserv into a financial powerhouse
How Sanjiv Bajaj turned Bajaj  Finserv into a financial powerhouse - Forbes India
By combining a sharp focus on sustainable profitability with innovation, the Sanjiv Bajaj-led Bajaj Finserv has created a financial powerhouse straddling multiple business lines. At the core of it: A rock-solid NBFC, Bajaj Finance, which is the darling of investors


Finance
The big bank consolidation theory: How practical is it
The big bank consolidation  theory: How practical is it - The Indian Express
Recently, it mooted a proposal to take over five of its associates and Bharatiya Mahila Bank with it,which would catapult it into the league of top 50 global banks


Finance
RBI governor should be insulated from politics: Uday Kotak
RBI governor should be  insulated from politics: Uday Kotak - Economic Times
The venerated banker threw his weight behind an independent central bank and said that its governor needed to be insulated from politics.


Finance
Three multilateral banks approach India to be on board
Three multilateral banks  approach India to be on board - Economic Times
"We have received requests from EBRD, IDB and the CDB to become members," said a senior government official. The government will take a decision soon.



Ecommerce
Snapdeal launches new version of ad platform to help sellers target customers based on their browsing behaviour, geo-location and purchase history
The new version of Snapdeal Ads will help sellers target customers based on their browsing behaviour, geo-location and purchase history

Ecommerce
Arvind in talks to acquire Sequoia Capital-funded ecommerce company Freecultr
Arvind in talks  to acquire Sequoia Capital-funded ecommerce company Freecultr - Economic Times
Textile-to-retail conglomerate Arvind is in advanced talks to acquire Sequoia Capitalfunded ecommerce company Freecultr.

Ecommerce
How Unified Payment Interface can mean lesser hassles compared to mobile wallets
How Unified  Payment Interface can mean lesser hassles compared to mobile wallets - Financial Express
Unified payment interface (UPI) system is disrupting mobile wallet space for good


Marketing
Programmatic TV Is Going To Change Advertising : Report
Programmatic TV Is Going To  Change Advertising : Report - CMO
Programmatic television is full of promise, providing sellers, buyers, and partners unite under newly defined guidelines.


Marketing
Will Chatbots Replace Apps? : Current Marketing Trends Say Yes
Will Chatbots Replace Apps? :  Current Marketing Trends Say Yes - The Content Standard by Skyword
Chatbots are replacing apps as ways for brands to provide digital service to customers, one of the major marketing trends in mobile-centric culture.


Marketing
Snapdeal Launches Ad Platform for Sellers : Report
Snapdeal Launches Ad Platform  for Sellers : Report - Adage India
Snapdeal has rolled out the latest version of its advertising platform called 'Snapdeal Ads' that assists sellers on the e-commerce platform in improving their brand visibility, helps measure results instantly, and drives their online business. The ad platform enables sellers to target


Marketing
SAP Shows How Businesses Are 'Live' in the Digital Economy
Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities



Software
US jury to hear $9 billion lawsuit between Google and Oracle
US jury to hear $9 billion  lawsuit between Google and Oracle - News
Depending which way the jury goes here, Oracle vs Google could have huge ramifications for the way software is built and marketed.


Software
Lava Mobiles to expand reach and foray into mobile payment : Planning to invest Rs 1,000-crore
Lava Mobiles to expand reach  and foray into mobile payment : Planning to invest Rs 1,000-crore
The domestic handset vendor, among Indias top five, is set to enter the mobile payments space in the next six-seven months.


Software
Nasscom Foundation and HPE launch digital learning center in Pune
Nasscom Foundation and HPE  launch digital learning center in Pune
Pune has taken an innovative route towards digital literacy, setting up these centers in NGOs, PMC (Pune Municipal Corporation) run schools.




Construction
QuikrHomes partners with Realty Redefined to celebrate 'World Brokers Day'
QuikrHomes  partners with Realty Redefined to celebrate 'World Brokers Day' - ET Realty
World Brokers Day is a unique initiative that honors real estate brokers, recognizing them as essential stakeholders in the industry.


Construction
HC cracks whip on illegal buildings in Hyderabad
HC cracks whip on illegal  buildings in Hyderabad - ET Realty
In 1520 cases alone, the civil courts have ordered status quo in 1431 cases and passed injunction orders in the remaining 89 cases practically giving ..


Construction
Smart City suggestions asked by Varanasi Municipal Corporation at a workshop
Smart City  suggestions asked by Varanasi Municipal Corporation at a workshop - ET Realty
Mayor Ram Gopal Mohaley and municipal commissioner SP Shahi held a workshop where people from almost all sectors were invited.


Construction
Gujarat's I-T probe wing reports Rs 280 crore in disclosures with most cases in real estate sector
Gujarat's I-T probe wing  reports Rs 280 crore in disclosures with most cases in real estate sector - ET Realty
In 2015-16, as many as 351 warrants were issued for carrying out searches and surveys throughout the state, against 330 issued in the previous year.






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