Thursday, October 31, 2019

October 31, 2019 - 40,000 telecom jobs at risk post SC verdict

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TradeBriefs Editorial

From the Editor's Desk

The Kind of Creative Thinking That Fueled WeChat's Success

WeChat, the messaging app, dominates daily life in China. With more than a billion daily active users, it is the default option for social networking and chat. WeChat users send more than 45 billion messages a day. It is the leader in mobile payments, with more than 800 million users of WeChat Pay. And it provides integrated services for upwardly-mobile Chinese users, by offering taxi, restaurant, movie-booking and retail apps all within its platform.

Many westerners are skeptical about successful Chinese software companies like WeChat: there is a perception that they have succeeded through copycat strategies, and have benefited from Facebook and Google being blocked from operating in the country. But WeChat didn't get an easy ride: it had to fend off dozens of domestic competitors when it was launched, and it had to keep innovating to stay ahead. Many observers rate WeChat as offering a superior user experience than its western counterparts today, and its innovative features are now being copied by others.

We recently conducted an in-depth study of WeChat, through exclusive interviews with 15 executives, including founder Allen Zhang. What we've found that is WeChat isn't just a Chinese success story - it offers insights to innovators everywhere.

Continued here

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HR
40,000 telecom jobs at risk post SC verdict

The recent ruling from the Supreme Court has put about 40 000 jobs at risk in the telecommunication sector with the addition of Rs 92 600 crore burden on this sector


HR
Details of 1mn Indian cards up for sale online

India Business News: Details of about 13 lakh debit & credit cards have been put up for sale on a darknet marketplace called Joker's Stash, a Singapore-based firm Group-IB


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wtc


Logistics
This winter, seven new international airlines to fly in India

Seven new international players will enter the Indian aviation market in the ongoing winter schedule which is valid for a period of six months from October 27 till March 30, as per government data.Get latest Aviation online at cnbctv18.com


Logistics
Logistics start-up ElasticRun raises $40 million led by Prosus Ventures

ElasticRun to use the funds to expand its technology platform, expand into additional categories and upgrade its analytics and machine learning platforms


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Construction
Home interiors startup Livspace enters Singapore, aims for a $500 million business in 2.5 years

Through a pilot, Livspace said that it already has a $15 million gross revenue run rate and is growing at 25% month-on-month in Singapore. Livspace is also


Construction
In a first, Haryana RERA asked residents to pool in money to finish project

There are 16 residential tower in the society and the builder had given possession of 14 towers. The remaining two towers left uncompleted and the buyer had moved RERA as the builder could not give possession. The buyers found that directors are in Jail.


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Inkingideas

 R & D

Marketing
Twitter To Ban Political Ads Worldwide On Its Platform

Twitter said Wednesday it would stop accepting political advertising globally on its platform, responding to growing concerns over misinformation from politicians on social media.


Marketing
Reliance Fresh hires Leo Burnett and Indigo consulting

The agencies will handle the creative and digital mandate respectively


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Politics
Bangladesh Upholds Death Sentence To Top Jamaat Leader For War Crimes
Bangladesh Upholds Death Sentence To Top Jamaat Leader For War Crimes
The Supreme Court in Bangladesh on Thursday upheld the death sentence to top Jamaat-e-Islami leader ATM Azharul Islam for committing war crimes during the 1971 Liberation War by siding with Pakistani troops.


Politics
Court Asks AIIMS To Assess P Chidambaram's Health, Wants Report Tomorrow
Court Asks AIIMS To Assess P Chidambaram's Health, Wants Report Tomorrow
The Delhi High Court today asked the All India Institute of Medical Sciences (AIIMS) to form a medical board and assess the health of former union minister P Chidambaram, who is in jail in connection with the INX Media case. The board has to submit a report by tomorrow afternoon, the court said. The court was hearing the Congress veteran's request for interim bail.


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 R & D
taggit



Sports
Musa Khan, the teenage speedster Pakistan could use to trouble Australian batsmen
Musa Khan, the teenage speedster Pakistan could use to trouble Australian batsmen
Musa Khan played his first T20 for Islamabad United in 2019. He and fellow young speedster Naseem Shah could surprise during Pakistan's upcoming tour of Australia.


Sports
Sunil Chhetri: We will put our best foot forward against Oman and Afghanistan:
Sunil Chhetri: We will put our best foot forward against Oman and Afghanistan:
On a high after holding Asian champion and 2022 World Cup hosts Qatar to a goalless draw, a struggling India escaped with a 1-1 draw against lower-ranked Bangladesh in their previous second round qualifying match in Kolkata.


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Entertainment
Veteran Telugu actor Geetanjali passes away
Veteran Telugu actor Geetanjali passes away
Veteran film actor Geetanjali died from a cardiac arrest in Hyderabad on October 31.


Entertainment
Aishwarya Rai Bachchan takes pre-birthday trip to Rome with Abhishek, Aaradhya
Aishwarya Rai Bachchan takes pre-birthday trip to Rome with Abhishek, Aaradhya
Aishwarya Rai Bachchan is currently in Rome and is being accompanied by her husband Abhishek and daughter Aaradhya.


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Work
Elon Musk's Plan to Save The World From Choking
Elon Musk's Plan to Save The World From Choking
The most fascinating thing about Musk’s China mission is how the U.S. and Japanese economies risk getting left behind.


Work
Everything you need to know about whistleblowing in India beyond Infosys
Everything you need to know about whistleblowing in India beyond Infosys
There may be hundreds of Indian companies that are plagued by whistleblower complaints. But most will not come to limelight.


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Life
Tencent just added video streaming to its already diverse India portfolio
Tencent just added video streaming to its already diverse India portfolio
Tencent has so far backed at least five unicorns in India.


Life

Retail
Large retailers beat slowdown in Diwali sales, small players suffer
Large retailers beat slowdown in Diwali sales, small players suffer
As per initial sales figures emerging from the post Diwali, the festive season did manage to woo consumers but only a part of the retail sector seems to have benefitted. 


Retail
IKEA to pump in 1.5 billion euros for India expansion plans
IKEA to pump in 1.5 billion euros for India expansion plans
With new stores planned in multiple cities, the furnishing brand wants to add flexibility to the Indian shopping experience.


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Telecom
No plans to shut down 2G services, says Airtel CEO

2G network continues to fetch substantial revenue for telecom firm, says Gopal Vittal.Bharti Airtel is in the process of phasing out 3G and plans to focus solely on 2G and 4G


Telecom
Reliance Jio: How Reliance Jio dodged the AGR bullet

Reliance's decision to separate the digital business from the telco may have helped Jio dodge the adjusted gross revenue bullet. Cover for Jio


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Finance
The great Indian credit squeeze, in six charts

The troubles in the shadow banking sector threaten the health of the banking system, and may prolong a deep financial slump


Finance
What Impact Has India's Fintech Ecosystem Created On Banking?

The fintech has made banking simple and straightforward, and new age technology has created a long-lasting impact on banking processes.


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Food/FMCG
Dept of Consumer Affairs reviews buffer stock position, prices, availability of onions, pulses

New Delhi, Oct 30 (UNI) Department of Consumer Affairs on Wednesday reviewed country''s buffer stock position along with prices and availability of onions and pulses.


Food/FMCG
Why Beyond Meat's CEO is telling investors the company will become the Amazon or Tesla of the $1.4 trillion me

Beyond MeatBeyond Meat CEO Ethan Brown wants to be the Amazon of the meat industry.Beyond Meat CEO Ethan Brown has drawn comparisons between the plant-based


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Software
Indian IT firms margins under pressure as H1B visa rejections increase

Latest data from US Citizenship and Immigration Services (USCIS) shows rejection rates for H1B visa petitions has touched a high under the Donald Trump administration


Software
Fears about wrongdoing at Infosys could've been overdone: Analysts

After a rather tumultuous week for Infosys, analysts are beginning to separate the wheat from the chaff with most suggesting that the whistleblower group's allegations against the top management are a


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Ecommerce
The Chinese cross-border e-commerce startup making inroads in India

Hangzhou's Club Factory runs the third-most-popular online shopping app in India.


Ecommerce
Indian e-commerce major to create hundreds of new jobs in UAE, Saudi Arabia

FreshToHome is in talks with investors and funds based in the UAE, US and Europe for its next round of fund raising


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Digital
What is DTrack: North Korean virus being used to hack ATMs to nuclear power plant in India

A virus, which originated in North Korea, could be the weapon used in the cyberattack on Kudankulam nuclear power plant.


Digital
1.3 million Indian payment cards details up for sale on Dark Web

In February, card details for 2.15 million Americans were put up for sale on Joker's Stash.The debit and credit cards belong to multiple Indian banks and are being sold for $100 each


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Franchise
Home interiors startup Livspace enters Singapore, aims for a $500 million business in 2.5 years

Through a pilot, Livspace said that it already has a $15 million gross revenue run rate and is growing at 25% month-on-month in Singapore. Livspace is also


Franchise
"Our Aim is To Have 40 Stores by 2020": Krsnaa Mehta

Godrej definitely does ease operational hurdles. It's vast resources and experience, help expand our reach and ease out of operational hurdles if and whenever there are any.


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