Saturday, April 1, 2017

April 1, 2017 - Baahubali 1 earned Rs 600 crore but made zero profit. The reason is Baahubali 2

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
For those of you who haven't read Clayton Christensen's book, The Innovator's Dilemma, here's a quick summary. "If you look across history, many companies that are seen as unassailable are at the bottom or the middle of the pack after a few years. It turns out good management causes companies to fail. Here's why. Begin by thinking about three concentric circles, representing your potential market. At the center of the inner circle are the customers with the greatest interest in your product and the most money. Almost always, companies begin there because customers with money are the only ones who can afford your new innovation. You introduce your product, your customers love it and they're happy to pay for it even at a high price. To keep these key customers happy, you begin making improvements to your product as soon as you can. At first, those improvements really help customers, as when personal computers gained faster processing speeds and you no longer had to wait 30 seconds to open a file. But technological progress almost always outstrips customers' ability to use it. For instance, today most of us only use a small percentage of the processing power in our desktop PCs. Still, in an effort to better serve that core of high-paying customers, innovative companies keep adding improvements to their products. We call this sustaining innovation. Incumbents dominate sustaining battles, but by definition, sustaining innovations do not drive growth. For instance, Toyota's innovation may lead you to buy a Prius, but then you won't also buy a Camry. What creates growth is disruptive innovation. What we find is that entrant companies, rather than make good products better, make a more affordable product and open it to a whole new customer base. A great example is Salesforce.com. By making cloud-based CRM available for as little as $25 a month, it badly disrupted Oracle's more expensive offering. More here

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Entertainment
Baahubali 1 earned Rs 600 crore but made zero profit. The reason is Baahubali 2
Baahubali 1 earned Rs 600 crore but made zero profit. The  reason is Baahubali 2
SS Rajamouli's Baahubali 2 is going to be the huge trendsetter.


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Entertainment
Fate of the Furious will start a new trilogy: Vin Diesel
Fate of the Furious will start a new trilogy: Vin Diesel
Vin Diesel reveals how the Fate of the Furious is beginning of a new trilogy.


Entertainment
Audience will be surprised to see Ranbir Kapoor as Sanjay Dutt: Vicky Kaushal
Audience will be surprised to see Ranbir Kapoor as Sanjay  Dutt: Vicky Kaushal
The Masaan actor, Vicky Kaushal is very happy to be a part of Sanjay Dutt's biopic and said it's like living a dream.


Entertainment
Academy retains PwC, takes steps to avoid another Oscar fiasco
Academy retains PwC, takes steps to avoid another Oscar fiasco
The Academy of Motion Picture Arts and Sciences has revamped its procedures to avoid a repeat of the disastrous finale of this year's Oscar ceremony


Entertainment
As Regal Theatre downs shutter with Mera Naam Joker, Rishi Kapoor gets nostalgic
As Regal Theatre downs shutter with Mera Naam  Joker, Rishi Kapoor gets nostalgic
Rishi Kapoor talks about the good old days when Regal Theatre used to be Raj Kapoor's favourite cinema hall.


Entertainment
Salman Khan nephew Ahil birthday: Actor flies 22 hours to party with family, Iulia Vantur in Maldives. See inside pics, videos
Salman Khan nephew Ahil birthday: Actor flies 22 hours to  party with family, Iulia Vantur in Maldives. See inside pics, videos
Salman Khan was busy with the shoot of his upcoming film Tiger Zinda Hai, alongside Katrina Kaif, in Austria but he flew across the globe to celebrate Ahil's birthday.


Sports
Olympic bronze medallist Sakshi Malik to wed Satyawart Kadian on April 2
Olympic bronze medallist Sakshi Malik to wed Satyawart  Kadian on April 2
Sakshi Malik and Satyawart Kadian had announced their engagement in October 2016.


Sports
West Indies vs Pakistan, 2nd T20I: Pakistan win by 3 runs
West Indies vs Pakistan, 2nd T20I: Pakistan win by 3 runs
Pakistan defended 132 as they kept West Indies to 129 for 9 to win the second T20I by three runs.


Sports
India Open 2017: Two queens, PV Sindhu, Saina Nehwal, clash at Siri Fort
India Open 2017: Two queens, PV Sindhu, Saina Nehwal, clash at  Siri Fort
In a much anticipated match PV Sindhu to face Saina Nehwal in the quarterfinals of the India Open on Friday


Telecom
Let telecom firms use spectrum as collateral, Trai tells govt
Let telecom firms use  spectrum as collateral, Trai tells govt - Livemint
In February, the commission, under the then telecom secretary JS Deepak, had pulled up the regulator over the deteriorating health of the sector, citing a Rs 800-crore dip in the revenue.


Telecom
4G technology triggers India's data traffic growth: Nokia
4G technology triggers  India's data traffic growth: Nokia - Indiainfoline
According to a report by Nokia, India’s 4G drove the data traffic in 2016 with high-speed mobile broadband technology. 4G contributed nearly 60% of the incremental data volume.


Telecom
Oppo flag row: Noida unit still shut, mobile firm confirms it sacked employee
Oppo flag  row: Noida unit still shut, mobile firm confirms it sacked employee - Hindustan Times
Although Oppo India has sacked an employee for disrespecting the Indian tricolour, Noida Police says it is yet to complete its investigations in the matter. The company has shut...


Politics
Airlines Behaving Like Goons, Letting Terrorists Fly But Not An MP, Says Shiv Sena
Airlines Behaving Like Goons, Letting Terrorists Fly But Not An MP, Says Shiv Sena
AirIndia banned a Sena MP for misbehaving with a crew member. 


Politics

Politics
Muslim Clerics Appreciate Yogi Adityanath For Drawing Similarity Between Surya Namaskar And Namaz
Muslim Clerics Appreciate Yogi Adityanath For Drawing Similarity Between Surya Namaskar And Namaz
"This belief followed by Yogi Adityanath and Prime Minister Narendra Modi is highly appreciated."


Digital
Netizen Report: India had 31 internet shutdowns in 2016.
Netizen Report: India had 31  internet shutdowns in 2016. - Slate - Slate Magazine (blog)
The Netizen Report offers an international snapshot of challenges, victories, and emerging trends in internet rights around the world. It originally ap ...


Digital
Policy should be focussed on consumer interest, not revenue maximisation: TRAI tells Telecom Commission
The Telecom Regulatory Authority of India has told the Telecom Commission that policy


Digital
Micromax's premium Dual 5 for Rs 24,999: Features, security, dual camera
Micromax's  premium Dual 5 for Rs 24,999: Features, security, dual camera
Device to be available from April 10; to retail at Rs 24,999


Retail
India may ease rules for foreign food retail before November
India allows 100% investment by foreign wholesalers, but if they want to access the burgeoning retail market, they can only have a 100% holding to sell food items

Retail
Even as Pune remains graveyard of Indian retail, average vacancy across malls up 20%
Even as Pune remains  graveyard of Indian retail, average vacancy across malls up 20% - Financial Express
Pune city remains the graveyard of Indian retail with about one-third of its malls vacant. Unable to pull in the crowds, 15 malls have closed down in past one year.

Retail
India's first listed ecommerce entity, Infibeam, to venture into edu-tech
India's first  listed ecommerce entity, Infibeam, to venture into edu-tech - Economic Times
The company plans to provide a wide range of services, including customized facilities, to educational institutions under this venture.

Finance
PE funds face tough challenge from NBFCs in realty sector
PE funds face tough challenge  from NBFCs in realty sector - Livemint
Slowing real estate sales compelled domestic PE firms to moderate investment momentum, but NBFCs haven’t slowed down and continue to lend aggressively


Finance
SBI raises $500 million in 3-year dollar debt
SBI raises $500 million in  3-year dollar debt - Livemint
With this, the SBI has raised $4 billion out of its $10 billion medium term notes plan, including $400 million in perpetual bonds last year


Finance
5 homegrown venture capital firms that are making a mark
5 homegrown venture capital  firms that are making a mark - Livemint
Not since 2006-07, when venture capital asset class returned to India, has the market here experienced such an influx of new firms, especially homegrown firms


Logistics
India lost Rs 12 lakh cr due to opposition to BJP's GST, says Congress' Veerappa Moily
India lost Rs 12 lakh cr due  to opposition to  BJP's GST, says Congress' Veerappa Moily - Financial Express
India lost a whopping Rs 12 lakh crore due to years of delay in implementation of the GST due to the stiff opposition by the BJP when the UPA government was in power, the Opposition said today.


Logistics
No stamping of flyers' handbags at 7 airports from April 1
No stamping of flyers'  handbags at 7 airports from April 1 - Times of India
Passengers at Delhi, Mumbai, Kolkata, Bangalore, Hyderabad, Ahmedabad and Cochin will no longer have to get their hand bags stamped for airport security clearance.


Logistics
Five airlines win bids to fly 128 routes; link 70 airports
Five airlines win bids to fly  128 routes; link 70 airports - Business Standard
Minister Jayant Sinha says that government is close to a resolution with airlines over RCS levy


Software
FITE urges Cognizant employees not to submit resignations
FITE urges Cognizant  employees not to submit resignations - Ultra News
Forum for IT Employees or FITE, a web-based IT workers’ collective, has urged employees of Cognizant Technology Solutions not to resign voluntarily if asked by the company’s human resources department. “If the employee resigns his/her job, a month’s salary or three months’ salary should be paid as specified in his/her offer letter. However, if the...


Software
Infosys achieves Cloud Elite Status in Oracle PartnerNetwork
Infosys achieves Cloud Elite  Status in Oracle PartnerNetwork - India.com
Oracle PartnerNetwork (OPN), provides partners with a differentiated advantage to develop, sell and implement Oracle solutions.


Software
How 10 Indian and German startups are looking to improve transport and mobility
How 10 Indian  and German startups are looking to improve transport and mobility - YourStory.com
10 startups from Germany and India pitched their ventures to a room VCs, angels, and media after a 10-day bootcamp. Bosch India recently hosted its second


HR
Indian IT firms creating jobs in US, not stealing them, says Sushma Swaraj
Indian IT  firms creating jobs in US, not stealing them, says Sushma Swaraj - Hindustan Times
Between 2011 and 2015, Indian companies have made an investment of $2 billion, paid taxes worth $20 billion and Indian workers have contributed $7 billion in social security...


HR
Africans in India: Forgotten history of slaves, soldiers and rulers
Africans in India: Forgotten  history of slaves, soldiers and rulers - India Today
Though jury is still out on racial motivation about the recent attacks on African people in Greater Noida, racism is back in debate in India, which has seen centuries of close association with people of that part of the world.


HR
Cos should spend more on talent analytics
Cos should spend more on  talent analytics - Daily News Analysis
Cos should spend more on talent analytics - Over 78% of companies had less than Rs 50 lakh budget while 16% had a budget between Rs 50 lakh and Rs 1 crore


Marketing
Content marketing 2nd most important
Content marketing 2nd most  important - reveals DMAasia-Times internet study - Hindu Business Line
Business Wire India
Modern marketing can be advanced with insights of what worked in the past and what decisive leaders believe will work. Progressing this DMA journey to enable marketers dive deep into


Marketing

Marketing
Dentsu Aegis Network Acquires Sri Lanka's Grant Group
Dentsu Aegis Network Acquires  Sri Lanka's Grant Group - Adage India
In South Asia, Sri Lanka becomes the second market after India where Dentsu Aegis Network has an equity holding


Ecommerce
Bezos rises to become world's second richest with Amazon surge
Bezos rises  to become world's second richest with Amazon surge - Economic Times
Amazon's founder has added $10.2 billion this year to his wealth and $7 billion since the global equities rally began following the election of Donald..

Ecommerce
Jabong announces addition of Aeropostale to its portfolio
Jabong  announces addition of Aeropostale to its portfolio - Business Standard
Continuing with the new label launch spree in the month of March, India's leading fashion e-tailer, Jabong has announced the addition of yet another leading American high-street fashion wear brand, Aeropostale, to its product portfolio.The New York

Ecommerce
The big share sale at Flipkart's WS Retail that perhaps never happened
A rift between investors SoftBank, and Kalaari Capital and Nexus Venture Partners over Snapdeal’s valuation has jeopardized funding, and may also affect potential sale to Flipkart or Paytm

Franchise
Reliance Retail in partnership with NPCI announces UPI Payments app facility across 200 stores in Mumbai
Reliance Retail in  partnership with NPCI announces UPI Payments app facility across 200 stores in Mumbai - Zee Business
Reliance Retail in partnership with National Payments Corporation of India (NPCI) on Thursday launched mobile-based in-store UPI Payments facility app over 200 stores in Mumbai.


Franchise

Construction
Mahindra Lifespace hikes stake in JV firm Mahindra Homes to 75%, according to company filing
Mahindra Lifespace hikes  stake in JV firm Mahindra Homes to 75%, according to company filing - ET Realty
In a filing to the BSE, the company informed that Mahindra Homes has allotted in its rights issue 411251 series A equity shares with voting rights


Construction
1 crore houses under PMAY-Grameen by 2019, according to government
1 crore  houses under PMAY-Grameen by 2019, according to government - ET Realty
while fresher targets would be set till 2022 verification and finalisation of permanent wait lists, based on Socio Economic and Caste Census 2011 data..


Construction
Godrej Properties inks deal for 15-acre Pune residential project
Godrej Properties inks deal  for 15-acre Pune residential project - ET Realty
The project will offer around 1.7 million sq ft saleable area and will be comprised of apartments of various configurations, the developer said in a r..


Food/FMCG
P G's Vicks Tells the Story of a Transgender Indian Mother and her Adopted Daughter
P G's Vicks Tells the Story  of a Transgender Indian Mother and her Adopted Daughter - Creativity
Procter & Gamble brand Vicks centers an emotive new Asian campaign around a "mother" and her adoptive daughter -


Food/FMCG
Basmati rice exports likely to touch Rs.22,500 cr in FY18: ICRA
Basmati rice exports likely  to touch Rs.22,500 cr in FY18: ICRA - The Dollar Business
CNBC-TV18 learns from sources privy to the matter that the company will now completely shift its focus on chemicals and consumer products business.


Food/FMCG
Dabur India sets up Rs 250 crore manufacturing plant in Tezpur
Dabur, with 29 other factories across India, said the Tezpur manufacturing facility is its largest worldwide

 


/FinanceArchives
Rupee may not be overvalued
Rupee may not be overvalued -  Livemint
RBI’s gauge of rupee’s relative strength in terms of the real effective exchange rate, or REER, puts the overvaluation at 12%, as of January


/FinanceArchives
Au Financiers gets Sebi’s approval to launch IPO
Au Financiers gets  Sebi’s approval to launch IPO - Livemint
Au Financiers will launch the IPO, which will be pure offer for sale in the next quarter.




/FinanceArchives
When merger is the last arrow in quiver
When merger is the last arrow  in quiver - Daily News Analysis
The deal will create India’s largest mobile telephony company with more than 395 million subscribers.


/FinanceArchives
​JSW plans to $500million via overseas bond-sale
​JSW plans to  $500million via overseas bond-sale - Economic Times
The bond sale may open for subscription within the next 10-15 days and could be of five to seven-year maturities, sources said.




/FinanceArchives
Bankruptcy norms for individuals in the works
Bankruptcy norms for  individuals in the works - Economic Times
Insolvency & Bankruptcy Board is working on guidelines to allow voluntary liquidation by companies.


/FinanceArchives
Motherson Sumi closes PKC acquisition deal
Motherson Sumi closes PKC  acquisition deal - Livemint
The takeover will help Motherson Sumi expand its footprint significantly in American and European commercial vehicle segment


/FinanceArchives
Will Opec, non-Opec members extend oil output cuts?
Will Opec, non-Opec members  extend oil output cuts? - Economic Times
Unless we have conformity with everybody, we can't go ahead with the extension of the deal, says Kuwaiti Oil Minister.


/FinanceArchives
The ABC of remonetisation: India's China moment
The ABC of remonetisation:  India's China moment - Economic Times
In 1980 India and China were almost equal in GDP. By 2016 India has become less than 20% of China. There are many reasons why China has leapfrogged India.


/FinanceArchives
Banks bat for relaxed RBI norms on bad loan resolution as deadline looms
Banks bat for  relaxed RBI norms on bad loan resolution as deadline looms - Livemint
Bankers are pushing RBI to allow them to change interest rates and repayment periods in bad loan resolution schemes such as SDR and S4A to implement them more effectively


/TelecomArchives
Facebook Express WiFi to go deeper into India to connect underserved communities: Munish Seth, regional head APAC
Facebook Express WiFi to go  deeper into India to connect underserved communities: Munish Seth, regional head APAC - Economic Times
Facebook is planning to work with telecom operators to connect the underserved communities across India through its Express WiFi programme




/FinanceArchives
FM Arun Jaitley rules out centralized registration for banks under GST
FM Arun  Jaitley rules out centralized registration for banks under GST - Livemint
By Ambareesh Baliga REUTERS - Indian markets consolidated after a recent sharp run-up with the Nifty ending at 9,108 with minor losses, about 0.6 pe


/FinanceArchives
Sintex in talks with TPG, Blackstone, Carlyle to sell stake in Sintex Plastics
Sintex in  talks with TPG, Blackstone, Carlyle to sell stake in Sintex Plastics - Livemint
TPG Capital, Blackstone Group, Carlyle Group have shown interest in Sintex Plastics, which makes water tanks, to pick up a minority stake worth $200 million


/FinanceArchives
No plan to introduce new denomination notes at present: RBI
No plan to introduce new  denomination notes at present: RBI - Economic Times
The central banking institution wants to encourage cashless transactions, said a deputy governor.




/FinanceArchives
Foreigners to the rescue as inflows rise to bridge India’s current account deficit
Foreigners to the rescue as  inflows rise to bridge India’s current account deficit - Livemint
Deutsche Bank estimates that foreign direct investment in India touched $37.4 billion in April-January, on track to exceed the previous fiscal year’s about $45 billion


/FinanceArchives
Fortis Healthcare said to consider buyout of Singapore trust
Fortis Healthcare said to  consider buyout of Singapore trust - Livemint
Fortis Healthcare is considering making an offer for all the units it doesn’t already own in RHT Health Trust, which has a market value of $520 million




/FranchiseArchives
Franchisee Newbies: Start franchising with the right mind-set to be successful
Owning your own business is the dream for many people, but the reality of the situation can mean you end up confused and alone, responsible for everything from dealing with staff personnel matters to issuing and chasing invoices.


/LogisticsArchives
Govt seeks powers to levy GST on all rental income
Govt seeks powers to levy GST  on all rental income - Times of India
GST (Good and Services Tax) was the dominant theme at the BJPs Parliamentary Party meet in Parliament. Parliamentary Affairs Minister Ananth Kumar called GST a revolutionary step for India.




/Logistics/FinanceArchives
Tiger Global sinks teeth into Flipkart, Snapdeal merger
Tiger Global sinks teeth into  Flipkart, Snapdeal merger - Business Standard
Softbank is planning to invest up to $1.5 billion in the combined entity for a 15 per cent stake




/MarketingArchives
Vodafone Calls Its SuperNet 4G as Data Strong Network
Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities -- get all the breaking news, right now.


/FinanceArchives
Esaf Small Finance Bank eyes Rs 5,000 crore business in first year
Esaf Small  Finance Bank eyes Rs 5,000 crore business in first year - Economic Times
As an MFI, the company is present in 11 states, which includes all the Southern states, barring Andhra Pradesh and Telengana.




/SoftwareArchives
How is China eyeing Indian talent to leverage India's software strength?
How is China  eyeing Indian talent to leverage India's software strength? - India Today
An increasing number of assessments in official Chinese media are advocating that the country should leverage Indian talent pool. The latest such piece was published in Global Times, one of the official newspapers of the Chinese Communist Party.


/FinanceArchives
Logistics companies will have to sweat it out for GST benefits
The next 6 months will provide much required cues about kind of growth opportunities that GST throws up, and how companies are pursuing them

/SoftwareArchives
Global uncertainty, tech disruptions may hit IT firms' office space
Global  uncertainty, tech disruptions may hit IT firms' office space - Livemint
Christian Ulbrich, global CEO and president, JLL, warns of falling demand of office space for IT companies this year




/DigitalArchives
Truecaller the latest entrant in mobile payments service
Truecaller the latest entrant  in mobile payments service
To profile small businesses to tap more users




/HRArchives
Job Security in India Falls Even as GDP Continues to Rise
Job Security in India Falls  Even as GDP Continues to Rise - The Wire
Only 16.5% of workers in India earn a regular wage.




/EcommerceArchives
Paytm pulls out of Snapdeal buyout talks, leaves ball in Flipkart's court
Paytm pulls  out of Snapdeal buyout talks, leaves ball in Flipkart's court - Moneycontrol.com
Paytm has pulled out of talks to acquire Snapdeal leaving the ball in the court of Flipkart's major investors, sources close to talks, told Moneycontrol.



/SoftwareArchives
Donald Trump US Visa plans to scrutinise L1 visa holders at Indian IT firms
Donald Trump  US Visa plans to scrutinise L1 visa holders at Indian IT firms - Workpermit.com
Donald Trump US Visa plans to scrutinise L1 visa holders working for Indian IT firms. This is on top of the suspension of premium processing of H1B visas.




/Food/FMCGArchives
FMCG, automobile firms await clarity on GST

Setting up of joint working groups is a welcome initiative by the government.




/ConstructionArchives
21% of the residential launches were in Luxury segment, according to JLL
21% of the  residential launches were in Luxury segment, according to JLL - ETRealty.com
Has the slowdown in real estate sector, the Modi government’s focus on affordable housing and demonetization of big currency notes weakened the demand for luxury housing? Recent reports point out otherwise. According to a JLL report,




/Retail/ConstructionArchives
Traditional companies are embracing the open office space concept, according to Sandeep Roy, COO, Nelson India
Traditional companies are  embracing the open office space concept, according to Sandeep Roy, COO, Nelson India - ET Realty
The growth of the co-working industry along with the changing mindset of young generation is also driving traditional companies to change their work-s..




/Entertainment/MarketingArchives
Petronas Lubricants targets 5% market share in India, make it ...

Petronas Lubricants International looks to capture 4% of the India's total lubricants markets in the next five years time, the company's top management said on Thursday. The company will also look to use India as its hub to export products to




/LogisticsArchives
GST Network extends deadline till April 30 for firms to register

SMEs have been shying away from enrolling as they are still awaiting clarity




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