Thursday, June 27, 2019

June 27, 2019 - Britannia Industries denies speculation over resignation of its MD Varun Berry

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TradeBriefs Editorial

From the Editor's Desk

The Top 20 Reasons Startups Fail

From lack of product-market fit to disharmony on the team, we break down the top 20 reasons for startup failure by analyzing 101 startup failure post-mortems.

After we compiled our list of startup failure post-mortems, one of the most frequent requests we got was to use these posts to figure out the main reasons startups failed.

Startups, corporations, investors, economic development folks, academics, and journalists all wanted some insight into the question:

"What are the reasons startups fail?"
So we gave those post-mortems the CB Insights' data treatment to see if we could answer this question.

After reading through every single of the 101 postmortems, we've learned there is rarely one reason for a single startup's failure. However, we did begin to see a pattern to these stories.

Continued here

Read TradeBriefs every day, for the top insight!

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Food/FMCG
Britannia Industries denies speculation over resignation of its MD Varun Berry

Britannia Industries said there have been false speculations over the last few days on Varun Berry's resignation from the company.According to the company, Britannia Industries has seen strong results in Berry's tenure and is trying to be a "global total foods company"


Food/FMCG
Kishore Biyani's Future Group and Fonterra launch Dreamery; to rival Amul, Mother Dairy, others

Fonterra Future Group's Dreamery will try to capture a market that is already dominated by national players including Amul, Mother Dairy and regional players such as Baba Ramdev's Patanjali.


8 More Food/FMCG Stories




Software
With 60% stake, L T completes its hostile takeover of Mindtree

L&T bought 31% additional stake through an open offer.Mindtree board's decision to give shareholders a special dividend of ₹20 a share now runs the risk of being reversed


Software
Wipro splits Rishad's role among three executives

While the CEO will oversee M&As, the CFO will handle Wipro Ventures.Rishad Premji is set to take over as Wipro chairman on 31 July after his father Azim Premji steps down


13 More Software Stories


Ecommerce
After Flipkart Plus, the company now launches multi-brand rewards ecosystem SuperCoins

SuperCoins will work as a rewards ecosystem for not only shopping on Flipkart, but also across more than 100 partner brands including Zomato, OYO, UrbanClap, PhonePe, and MakeMyTrip.


Ecommerce
Data related to payments to be stored only in India: RBI

The RBI recently stated that payment data shall be stored only in India after the processing by payment system operators.


4 More Ecommerce Stories






Digital


Digital
Rs 15,000 Crore Will Be Spent For Creating 100,000 Digital Villages; 10 Central Ministries Roped In For #DigitalIndia

Govt. has approved a massive budget of Rs 15,000 crore for creating 100,000 Digtial Villages across India. 10 Central Ministries roped in for the purpose.


7 More Digital Stories


Franchise
Coca-Cola begins talks to buy into Cafe Coffee Day

India Business News: MUMBAI/NEW DELHI: Soft drinks maker Coca Cola is in talks to buy into India's largest café chain Café Coffee Day (CCD) as the two companies have been .


Franchise
Urban Ladder on expansion mode

Urban Ladder is planning to expand its presence beyond New Delhi and Bengaluru. It is eyeing Coimbatore and other Indian cities to strengthen its presence. "Our priority lies in opening franchisee sto


1 More Franchise Stories






HR
Wipro splits Rishad's role among three executives

While the CEO will oversee M&As, the CFO will handle Wipro Ventures.Rishad Premji is set to take over as Wipro chairman on 31 July after his father Azim Premji steps down


HR
Paytm CEO Vijay Shekhar Sharma receives the Horasis-KPMG Indian Business Leader of the Year award for Entrepreneurship

MUMBAI: Vijay Shekhar Sharma, Founder-CEO of Paytm, India's digital payments leader, has been felicitated with "Business Leader of the Year Award for Entrepreneurship" by Horasis- KPMG. The award ceremony was held in Segovia, Spain and was attended by global business leaders and corporates.


19 More HR Stories


Logistics
Jet Airways evicted from Siroya Centre despite moratorium under NCLT

The move may attract legal action as the distressed airline is undergoing an insolvency resolution process directed by Indias bankruptcy court.


Logistics
Tatas may soon join queue for drone clearance from DGCA

Several players have already applied to conduct such experiments, and more are expected as the DGCA recently extended the deadline to July 10.


15 More Logistics Stories




Construction
Budget 2019: Sops for affordable housing, increased bank funding may be on cards

Union Budget 2019 India: With different sectors reeling under stress owing to slowdown, NBFC crisis, global concerns and mounting NPAs, Nirmala Sitharaman is expected to propose measures to revive the economy.


Construction
Reliance Infra bags contract to build 17.17 km Versova-Bandra Sea Link for Rs 7,000 crore

The Versova Bandra Sea Link is three times the length of the Bandra-Worli Sea Link, which is 5.6 km.


23 More Construction Stories


Marketing


Marketing
Opinion | It's time brands did more for the LGBTQ+ community

Brands should integrate the LGBTQ+ community into the mainstream workforce


14 More Marketing Stories



Politics
The three challenges facing Nirmala Sitharaman

The finance minister needs to address the challenge of economic slowdown and help restore the credibility of both fiscal and macroeconomic statistics


Politics
PM In Japan For G20 Summit, All Eyes On Talks With Trump

Hours after PM Modi reached Japan early this morning for the G20 summit, US President Donald Trump tweeted that he is looking forward to speaking with PM Modi about the retaliatory tariffs imposed by India on US products. Calling it "unacceptable", Mr Trump said the tariffs must be withdrawn. PM Modi and Mr Trump will hold talks on Friday. This would be the first meeting between PM Modi and Donald Trump after PM Modi's re-election for a second term. Trump had called and congratulated PM Modi over the phone after his stunning victory. Over the next three days, PM Modi will hold 10 bilateral meetings, including one with China's Xi Jinping. Ahead of the summit, PM Modi and his Japanese counterpart Shinzo Abe discussed India-Japan ties.


7 More Politics Stories


Sports
Shaheen Afridi's first spell sends Twitter into a frenzy

Shaheen Afridi bowled a marathon first spell bowling seven overs on the trot. He also bowled three maiden overs in his first spell including a wicket-maiden.


Sports
Improve fitness and stay injury free: Pullela Gopichand

Chief national coach Pullela Gopichand wants his wards to improve their fitness and stay injury free as they look to put up a good show in the upcoming tournaments this season.


8 More Sports Stories



Entertainment
Only rain can save Chennai from this situation: Leonardo DiCaprio on water crisis in Tamil Nadu

Leonardo DiCaprio, who is one of the most vocal environmentalists in Hollywood, shared a post by news outlet BBC on Instagram with the title, "Only rain can save Chennai from this situation".


Entertainment
Rajkumar Hirani directorial Sanju gets screened at Shanghai International Film Festival

Rajkumar Hirani was recently named as a jury member for this year's Shanghai International Film Festival and the acclaimed filmmaker had another reason to celebrate as his recent blockbuster Sanju was screened at the International festival and had three screenings! The film, Sanju which got appreciation from all across had the screening on the 20th, 22nd and 23rd June at the coveted film festival where Hirani was also the jury member, amongst the prominent names from across the globe. Sanju, starring Ranbir Kapoor and based on the life of Sanjay Dutt was not only a favourite of the masses but also was one of the highest grossers at the box office in India, testimony to how much love the movie received. Marking his presence, the filmmaker arrived in Shanghai on 14th June. Following so, he graced the opening ceremony of Shanghai International Film Festival, to begin with the showcases. Hirani witnessed an array of cinema from all over the world and watched movies every day, being a part of the jury panel. His film, Sanju also received wide appreciation at the screenings from the audience, film fraternity present at the global gathering. With a popularity base for his projects across the borders in Asian markets like China, Hirani is definitely one name who has taken India on the global map for cinema and has created a mark with his artistry. Receiving accolades for his recent movie Sanju, the screening at an International podium like Shanghai is a massive achievement. Shanghai International Film Festival (SIFF) is the only competitive film festival in China approved by the International Federation of Film Producers Associations. Shanghai International Film Festival looks at promoting the country's rising film making talent and has become a ground where India is leading the list of jury panelists with Rajkumar as the front runner. Consecutive with his presence at coveted panels, Rajkumar Hirani was also recently announced as a Jury President for the Malaysia International Film Festival.


6 More Entertainment Stories


Work
What makes infant deaths five times as likely in Uttar Pradesh than in Kerala?

The discrepancy in health-related data stood at almost 37% in UP but only 3% for Kerala.


Work

Life


Life
A Mumbai-based startup may soon create India's answer to The Simpsons

Supari Studios has entered the big league of content creators.


11 More Life Stories


Retail
KFC India to sell 61 more stores to Jaipuria-owned Devyani International

National Restaurant Association of India estimated the food service industry at Rs 4.2 lakh crore in 2018-19, and forecast to grow 9% by 2022-23 in a report released last month.


Retail
India's first 7-Eleven store will be in Mumbai; Kishore Biyani's Future Group working on products

The small-format convenience store chain could compete directly with neighbourhood mom-and-pop stores, unlike the large format or hyper retail stores such as Big Bazaar or Reliance Fresh.


15 More Retail Stories



Telecom
China's Coolpad to invest $500 million in India to grow business; eyes 5G share

The company has last week appointed Fisher Yuan as its new India chief executing officer to drive growth for the handset business. He has been tasked ..


Telecom
How India's BSNL lost the telecom war to Airtel, Jio, Idea

The order has asked BSNL officers to put in abeyance advance purchase orders, and purchase orders of tenders that have been already finalised till further instruction.


13 More Telecom Stories


Finance
Global PEs bullish on India credit business even as NBFCs feel the pinch

NBFCs have been battling liquidity issues since the IL&FS defaulted in August last year.


Finance
HDFC Bank plans to list NBFC arm, raise $1 bn

HDB Financial Services' share sale likely in the current fiscal year.HDFC Bank has reportedly appointed Bank of America Merrill Lynch and Morgan Stanley to manage the initial share sale of HDB Financial


22 More Finance Stories



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