Monday, May 30, 2016

May 30, 2016 - Beware Flipkart, Amazon! Big Bazaar outlets to offer eight-day discount scheme to lure customers

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
I'd like to highlight 3 stories today. The first one 'Flipkart effect: Startups may lose sheen in job market', reflects how quickly cycles go up and down now. The high was never to be believed and neither is the low as bad as it seems. Startups will hopefully stabilize as a job sector soon. The second story shows us that David Warner, captain of the winning IPL team is probably as astute an investor as he is a cricketer. Finally, a story from The Economist which makes an interesting case for why humans are so intelligent, and it has something to do with human babies being so helpless, compared to other animal young ones.


Retail
Beware Flipkart, Amazon! Big Bazaar outlets to offer eight-day discount scheme to lure customers
Beware Flipkart, Amazon! Big  Bazaar outlets to offer eight-day discount scheme to lure customers - Economic Times
The company said the programme will help ensure higher footfall across the month instead of just weekends or the first few days after people get their salaries.

Retail
Arvind Fashion, Sachin Tendulkar launch menswear brand, to launch 30 stores in 5 years targeting Rs 200 cr turnover
Arvind Fashion, Sachin  Tendulkar launch menswear brand, to launch 30 stores in 5 years targeting Rs 200 cr turnover - Economic Times
Menswear is the largest segment in India's apparel market, accounting for approximately 42% of the overall segment and is expected to grow at 8.5% in the next five years.

Retail
How startups are helping brands to improve user engagement
How startups are helping brands  to improve user engagement - Economic Times
The irony of customer loyalty is that it is created to make the customers more engaged with the brand but it ends up putting them in a blind spot.

Retail
Amazon India scores highest in user loyalty, says study
Amazon India scores highest in  user loyalty, says study - Business Standard
The company tries to ensure their call centres pick up calls on a single ring

Retail
OnePlus to open six service centers in India
Chinese smartphone maker OnePlus has announced the setting up of its first Exclusive Service Center (ESC) in Bangalore.

Retail
Khadi units' sales soar 14% to Rs 36425 crore
India Inc may be complaining of weak rural sales due to poor rains for two years in a row, but khadi and village industries, which manufactures products ranging from honey to soaps and food to handicrafts, are cloaking a double-digit growth.

Sports
IPL 2016 final: I have utmost faith in Bhuvneshwar Kumar for death bowling, says David Warner
IPL 2016 final: I have utmost faith in  Bhuvneshwar Kumar for death bowling, says David Warner
David Warner credited his bowlers for their disciplined bowling against Royal Challengers Bangalore after they claimed their maiden IPL title.


Sports
IPL 2016, SRH vs RCB: Flab in the middle doesn’t matter when you have muscle at the top
IPL 2016, SRH vs RCB: Flab in the middle doesn’t matter  when you have muscle at the top
In the entire season, only two of SRH's seven middle-order batsman managed to cross 50.


Sports
Blooming partnership with James Anderson pleases Stuart Broad
Blooming partnership with James Anderson pleases Stuart  Broad
James Anderson claimed 10 wickets against Sri Lanka to take his tally to 443 and become the sixth-highest wicket-taker in tests.


Sports
Rafael Nadal records 200th Grand Slam win at French Open 2016
Rafael Nadal records 200th Grand Slam win at French Open  2016
Rafa Nadal, Novak Djokovic, Serena Williams and Venus Williams advance on a day of business as usual in Paris.



Entertainment
Ashutosh Gowariker likes to do research before making movies
Ashutosh Gowariker likes to do research before making  movies
Ashutosh Gowariker says he likes doing lot of research on his films even though if it takes time.


Entertainment
Social media causes issues in industry: Scarlett Johansson
Social media causes issues in industry: Scarlett  Johansson
Scarlett Johansson finds it "disturbing" how celebrities are victimised in this day and age.


Entertainment
Vidya Balan, Arjun Rampal’s Kahaani 2 shoot wraps up
Vidya Balan, Arjun Rampal’s Kahaani 2 shoot wraps up
Kahaani 2, starring Vidya Balan and Arjun Rampal in the lead, has ended its shooting.


Entertainment
Dulquer Salmaan’s ‘Kammati Paadam’ strikes gold at the box office
Dulquer Salmaan’s ‘Kammati Paadam’  strikes gold at the box office
Dulquer Salmaan-starrer "Kammati Paadam" has grossed Rs.7 crore in its first week at the theatres in the country.



Telecom
Chinese investors betting big on India 's Web & Mobile markets. Is that good news for start-ups?
Chinese investors betting big  on India 's Web & Mobile markets. Is that good news for start-ups? - Financial Express
Chinese investors are betting big on India’s Web and mobile markets. Will it spell good news for anxious Indian start-ups, seeking to raise fresh capital following a funding slowdown primarily from the West?


Telecom
Telcos using new technology to mask call drops
Telcos using new technology to  mask call drops - Times of India
Telecom operators are using a radio-link technology to show a call as connected even as the network connection is lost.


Telecom
Chinese telecom equipment company ZTE to open stores in China, Europe, Mexico
Chinese telecom  equipment company ZTE to open stores in China, Europe, Mexico - Daily News Analysis
Chinese telecom equipment company ZTE to open stores in China, Europe, Mexico - The company is planning to set up the stores to increae brand awareness.


Telecom
Digital vans all set to takee-governance to rural areas
Digital vans all set to  takee-governance to rural areas - The Hindu
“The aim is to reach out to more than 10 lakh citizens and register over 1.5 lakh rural citizens for MyGov, digital locker, Aadhaar and other digital services,” a Telecom Ministry official said. The c



Politics
Islamic Terrorism Is A Form Of Islam And We Can't Deny It, Says Salman Rushdie
Islamic Terrorism Is A Form Of Islam And We Can't Deny It,  Says Salman Rushdie
Salman Rushdie has always said and written things hardline Islamists have nightmares about. Rushdie's tryst with Islam's conservative, oppressive practitioners is often held up as evidence of how illi


Politics
From 'Swachh Bharat' To 'Odd-Even', Why Do Some Failed Ideas Stay Popular?
From 'Swachh Bharat' To 'Odd-Even', Why Do Some Failed  Ideas Stay Popular?
Public opinion is a funny thing. It is prone to changing regardless of the facts. Image, perception and emotion are so important, that facts are malleable. The opinion of the public gets swayed even b


Politics
Rajnath Singh Condemns Violence Against African Nationals, Asks Police To Take Strict Action
Rajnath Singh Condemns Violence Against African Nationals,  Asks Police To Take Strict Action
NEW DELHI -- Home Minister Rajnath Singh today asked Delhi Police Chief Alok Kumar Verma to take strict action against those involved in recent attacks against African nationals. Singh, who had cal


Politics
Nuclear-Armed Pakistan Can 'Target' Delhi In 5 Minutes, Says A.Q. Khan
Nuclear-Armed Pakistan Can 'Target' Delhi In 5 Minutes,  Says A.Q. Khan
ISLAMABAD -- Nuclear-armed Pakistan has the ability to "target" the Indian capital Delhi in five minutes, the father of Pakistan's nuclear programme Dr Abdul Qadeer Khan has said. Address




Digital

Digital
Despite de facto ban, Uber, Ola continue operations in Bengaluru
Despite de facto ban, Uber, Ola  continue operations in Bengaluru
With the IPL final in Bengaluru on Sunday, transport authorities are unlikely to take immediate action to enforce their order.


Digital
8 tech startups shut shop in 2 weeks: Food tech sector hardest hit
8 tech startups  shut shop in 2 weeks: Food tech sector hardest hit
New ideas/global replicas, funding, scale up and shut downs have now become part and parcel of the Indian startup story. Almost every sub-sector in the tech startup space – e-commerce, cab aggregation, food-tech, grocery delivery – has seen the emergence of copycat business models followed by the in


Digital
Silicon Valley tech hires who quit Indian unicorns
Silicon Valley tech hires who  quit Indian unicorns
If last year saw top tech executives in Silicon Valley being wooed by startups here, this year saw many of them quitting these Indian internet companies. While some were disenchanted by the startup environment in India, many were inspired to become entrepreneurs themselves. Snapdeal's chief pro



HR

HR

HR
CEO Michel Landel on Sodexo's growth prospects in India
CEO Michel Landel on  Sodexo's growth prospects in India - Livemint
In an interview, Sodexo CEO Michel Landel speaks about the changing nature of consumers and the importance of innovations to remain relevant


HR
More to Cairn India CEOs' churn than meets the eye
More to Cairn India CEOs'  churn than meets the eye - Hindu Business Line
‘Family values’ compound the downturn in the Vedanta Group’s commodities portfolio



Logistics
Air India flight for Delhi aborts take-off at Vijaywada due to technical fault
Air India  flight for Delhi aborts take-off at Vijaywada due to technical fault - The New Indian Express
VIJAYAWADA: The pilot of an Air India flight bound for New Delhi aborted take-off at Vijayawada Airport seconds after it began gathering speed on the runway aft...


Logistics
Jet Airways to take back 6 Boeing planes for use in its core markets
Jet Airways to take back 6  Boeing planes for use in its core markets - Economic Times
External Affairs Ministry Spokesperson Vikas Swarup said government will assist the family of the Congolese youth Masunda Kitanda Oliver to come to India and to take his mortal remains.


Logistics
Indian Govt. to transport Congolese national's mortal remains to his home
Indian Govt. to  transport Congolese national's mortal remains to his home - Times of India
The Indian government on Sunday announced that it would arrange the transportation of Masunda Oliver, the African national who was brutally killed in the national capital, back to his home to the Democratic Republic of the Congo. "In the unfortunate death of Mr.


Logistics
Night landing facility restored at Gaya airport, had been stalled due to theft of devices such as control panel, solar plate and battery
Night landing facility restored  at Gaya airport, had been stalled due to theft of devices such as control panel, solar plate and battery - Times of India
After nearly seven-week long suspension, night landing facilities were restored at the Gaya International Airport on Sunday.



Finance
Standard Chartered moves to PMO for backup on Winsome group,India’s largest ‘willful defaulter’
Standard Chartered moves to PMO  for backup on Winsome group,India’s largest ‘willful defaulter’ - Economic Times
British bank Standard Chartered (StanChart) has knocked on the doors of the Prime Ministers Office (PMO), seeking the states help to go after Winsome group.


Finance
Liberalised Remittance Scheme a way to invest in MFs abroad
Liberalised Remittance Scheme a  way to invest in MFs abroad - Livemint
Using this, a person can invest in shares, bonds or mutual funds abroad subject to the regulations in the destination country


Finance
PE fund OIJIF hits first close of $250 million for second fund
PE fund OIJIF hits first close  of $250 million for second fund - Livemint
Backed by SBI and Oman’s SGRF, OIJIF eventually plans to raise $350-400 million for its second fund


Finance
ONGC plans buying majority stake in GSPC’s KG gas block
ONGC plans buying majority  stake in GSPC’s KG gas block - Livemint
ONGC has gas discoveries in a neighbouring block and GSPC wants gas from those to be routed through its Deendayal block infrastructure for onward transportation to the shore



Ecommerce
Myntra expects to increase gross sales by 90% to Rs.5,000 crore; focus on product selection, new categories and re-opening desktop website
The online fashion retailer intends to do so by improving its product selection, adding new categories and restarting its desktop website, even as it cuts spending on discounts, logistics, etc

Ecommerce

Ecommerce
Ecommerce sites in India could be in some real deep trouble
Ecommerce sites in India could  be in some real deep trouble - The Hans India
In its reply to the Delhi High Court, DIPP said that in case the government wants to check violations by the online marketplaces on FDI policy, financial watchdogs can investigate independently.

Ecommerce
Housing aims at $10 million in revenue this fiscal year; monetizes 400 developers in the last four months and 800 brokers in the last two months
Locon Solutions, that runs Housing, has monetized 400 developers in the last four months and 800 brokers in the last two months


Marketing
The effects of culture on marketing effectiveness : Report
The effects of culture on  marketing effectiveness : Report - Forbes India
Marketers need to map their strategies to distinct national cultures


Marketing
Online Grocery Business in India, Which Model Will Succeed? : The big question
The Indian market is currently at a stage where a number of fledgling players are trying out different models around grocery delivery, including both inventory and hyperlocal-led models.


Marketing
Government Issues Guidelines for Website Ads : Report
Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities


Marketing
Ambi Parameswaran on Nawabs, Nudes, Noodles
Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities



Software
Why will startups lose sheen in job market due to Flipkart effect?
Why will  startups lose sheen in job market due to Flipkart effect? - Firstpost
Darling of jobseekers till recently, the startup space may lose some sheen in the job market as management and tech graduates might prefer joining safer companies after the Flipkart fiasco, say experts.


Software
Wipro to take hyper automation drive across all projects in FY17
Wipro to take hyper automation  drive across all projects in FY17 - Business Standard
Aim is to improve productivity, and position it as a disruptive service delivery model through cognitive artificial intelligence and robotic process automation


Software
Scientists develop world's fastest stretchy circuits to power Internet of Things
Scientists  develop world's fastest stretchy circuits to power Internet of Things
What makes the new, stretchable integrated circuits so powerful is their unique structure, inspired by twisted-pair telephone cables, researchers said.




Construction
Reliance Infra Q4 net rises 44% to Rs 660 crore
Reliance Infra Q4 net rises 44%  to Rs 660 crore - ET Realty
Its consolidated net income from operations for the quarter declined marginally to Rs 4,469.28 crore from Rs 4,596.09 crore.


Construction
Lanco Infratech net loss reduced to Rs 201 cr in Jan-Mar
Lanco Infratech net loss  reduced to Rs 201 cr in Jan-Mar - ET Realty
Total income from operations during January-March quarter reduced to Rs 2,065.96 crore from Rs 2,224.27 crore in the year-ago period, Lanco Infratech ..


Construction
Illegal buildings have tough time after Pune devpt body acts
Illegal buildings have tough  time after Pune devpt body acts - ET Realty
The building's four slabs were ready and the brick work was underway. The builder did not confirm if the flats were sold to anyone.


Construction
Allahabad Municipal Corporation will conduct survey of houses for house tax
Allahabad  Municipal Corporation will conduct survey of houses for house tax - ET Realty
It will also identify and bring new houses within the ambit of house tax






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