September 3, 2015 - India's internet user base grows by 17% to reach 354 million: IAMAI

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Digital India's internet user base grows by 17% to reach 354 million: IAMAI With the growth of the internet, digital commerce, digital advertising, payments and social media have also seen steady growth. Digital Myntra's technologists working on artificial intelligence-powered fashion platform Will churn out new styles based on customer insights Digital Online payments startup MobiKwik promotes Mrinal Sinha as COO Mobile payments company One MobiKwik Systems Pvt Ltd has elevated its chief sales officer Mrinal Sinha to the post of COO and roped in Manish Chaturvedi from American Express as his replacement, it said on Wednesday. Digital Valuation of India's top 30 enterprise software firms touch $10.25 billion "There has been a notable increase in the enterprise value per employee, showcasing shift from services heavy to product-heavy offerings," said the report. Retail Mahindra Retail to rename Mom & Me stores as 'Babyoye by Mahindra' Mahindra Retail will rename its maternity and childcare stores as 'Babyoye by Mahindra, dropping the name 'Mom & Me. Retail CEOs of PepsiCo, HUL, other companies take a stock of ground reality; visit stores to understand consumers Such trips have also gone beyond the air-conditioned aisles of supermarkets to the sweltering heat of the hinterland. Retail Mobile wallets like Paytm and Mobikwik are tying up with kirana stores in rural India With rewards-linked loyalty programmes, they are incentivising cash users in these areas to convert their money into wallet money at the kirana stores. Retail Back to the Future: How Retail is Moving Back Offline Without Going Back in Time With the advent of O2O technology firms, the line between retail and e-tail is blurring. Telecom Ericsson introduces 5G mobile tech in India 5G is radically different from 2G, 3G and 4G technologies. It considers industrial use of Internet. Telecom India Mobile Subscriber Stats June 2015: 981M Total, 881M Active, 164M MNP requests Indian Mobile Subscriber base is now getting awfully close to 1 Billion users – and in all probability India should have it before the end of the year, or even couple of months earlier. India will be only the second country after China to achieve it, and will remain so as no other country has that kind of population! Telecom India Internet Userbase Crosses 350-Million Milestone in June: Report India has added 52 million Internet users in first six months of the year Telecom Ericsson bags 3G, 4G contracts from Bharti Airtel Deal is in addition to expanding firm's existing collaboration with Airtel to provide 3G services across eight circles over the next four years Finance Loan against shares rise 52% in the past year The increase is far steeper than the 15% jump between July 2013 and July 2014 Finance Sajjan Jindal forms JSW Venture Fund to invest in early-stage internet ... The new fund will be overlooked by Parth Jindal, who is pursuing an MBA at Harvard Business School, according to a person directly familiar with the matter. Finance Foxconn plans to spend up to $1 billion on India start-ups Foxconn joins SoftBank Group and Alibaba in tapping India's growing economy and nascent technology industry to expand into retailing and e-commerce Finance Jet Lite to be merged with Jet Airways Over a year after Naresh Goyal decided that Jet will be a full service carrier operating under a single brand, the airline has now cleared the merger of Jet Airways and Jet Lite. Jet had bought Air Sahara in 2007 and branded it as Jet Lite, a low cost carrier. Food/FMCG HUL cuts shampoo price, turns to e-com P&G's market share in shampoos is about 27% and HUL has a share of 46-47% Food/FMCG Johnson & Johnson marks Rs 650 crore more for Telangana J&J is looking at investing another $100 million to more than double its annual production capacity at its upcoming India's largest facility. Food/FMCG Kerala to collaborate with CFTRI to intensify food safety drive Kerala govt will collaborate with Central Food Technological Research Institute as part of plans to strengthen its food safety initiatives. Software Snapdeal acquires Silicon Valley startup Reduce Data : Plans to strengthen its discovery platform Adtech is one of the most convoluted spaces, filled with acronyms (DSPs, SSPs, etc.) and fast-changing models (networks, exchanges, etc.). This gets even more complex in a vast, emerging, mobile-first market like India. Software TCS and Cognizant to increase salaries by 10-12% for freshers at campus placements Salaries for freshers have remained stagnant in the past few years due to automation and oversupply of qualified people, say analysts. Software Infosys launches two new financial products : Hoping to tap small finance, payments banks Finextra: Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), today announced the launch of its Finacle Payments Bank and Finacle Small Finance Bank solutions for the India market. Software Flipkart, Practo, Infosys, Indegene CEOs get highest employee approval ratings in comparison to CEOs of other major new-age ventures Chief executives of healthcare platform Practo and India's biggest e-commerce company Flipkart have received among the highest approval ratings from their employees. Ecommerce Snapdeal acquires Silicon Valley-based startup Reduce Data, a programmatic display advertising platform Online marketplace Snapdeal announced its acquisition of Silicon Valley-based Reduce Data on Wednesday for an undisclosed amount Ecommerce Ex-Homeshop18 CEO Sundeep Malhotra starts interior design venture Renomania to connect customers with contractors, consultants and brands Sundeep Malhotra, who stepped down as CEO of Homeshop 18 yesterday, has launched a new interior design and home design platform called Renomania. Malhotra Ecommerce mVikarsha Mobile Solutions signs MoU with Tamil Nadu circle of India Post to provide assisted e-commerce solutions via head post offices and sub-post offices Ecommerce Flipkart appoints the former dean of Philips Lighting University, Stefaan van Hooydonk, as its vice-president of learning Flipkart, Indias largest ecommerce firm, has appointed the former dean of Philips Lighting University, Stefaan van Hooydonk, as its vice-president of learning. Franchise How Delhi-based online modular furnishing solution provider Superwood grew 400% in 1 year Superwood gives customers the flexibility to shortlist a design from its website (Superwood.in) and send a layout of the property. Franchise Counterfeit goods real challenge to 'Make in India': Report The counterfeit market is growing at a rate of 44% and has touched Rs 1.05 lakh crore in size in 2014, according to 'Sell SMART' report... HR Toyota Chairman Takeshi Uchiyamada, Ericsson CEO Hans Vestberg call on PM on Indo Japanese ties and the future growth plan In his meeting with Prime Minister Modi, Uchiyamada highlighted Toyota's commitment towards the 'Make in India' campaign. HR United Kingdom is G20's largest investor in India: Report With an investment of USD 22.2 billion in five years, Britain has emerged as the G20's single-largest investor in India, according to a report. HR Anti-reservation protests a result of less jobs: Expert India's reservation system is under attack because its rapid economic growth has not resulted an increase in private-sector jobs, a noted expert has said. HR Indian American Entrepreneur Honored for Contribution to HIV/AIDS He was recently honored for his contributions to HIV/AIDS. ... with full distribution and a state-of-the-art studio in New York," the Indian American entrepreneur told India-West. Logistics Over 20 Air India pilots of Dreamliner fleet plan to quit; airline asks them to sign a bond to recover the training cost of 20-25 lakh More than 20 pilots of Air India's Dreamliner planes are planning to leave the national carrier as many of them seek greener pastures with private airlines. Logistics Finally one entity: Jet Lite to be merged with Jet Airways The merger will strengthen Jet Airways' efforts to provide consistent services under a single brand across its network Logistics IndiGo adjudged best low-cost airline in central Asia in a recent industry survey In addition to IndiGo, two other Indian airlines made the cut to the top 100 airlines list. Logistics Bharat bandh: 15 crore workers of 10 unions go on strike, Violent clashes in West Bengal; transport, banking services were hard hit Normal life was affected in various parts of the country, including West Bengal, Tripura, Kerala and Karnataka, as 10 central trade unions today went on a day-long nationwide strike to protest against changes in labour laws and privatisation of PSUs. Construction Telangana to spend Rs81,000 crore on irrigation projects but the question is where is the money? The state government will also come out with a new irrigation policy in the coming days Construction Shareholders give nod to DLF for raising up to Rs 7,500 crore Shareholders also approved another special resolution to lease and/or create charge, lien, mortgage, hypothecation, etc exceeding 20 per cent of the assets of.. Construction CommonFloor says $90 billion worth of residential realty deals to be influenced by online medium in 10 years The total residential real estate transaction value in India, which includes apartment and plot sales, is currently estimated at $80 billion. Of this just 10%.. Construction Jain group to invest Rs 580 crore in themed real estate project at Mouza-Amgachia Spread on a land parcel of more than 20 acres, there would be 5,000 apartments spread over 24 towers.. Marketing Askme to roll out hyper-local online grocery across 27 Indian cities : Report The company has kick-started this initiative with Delhi NCR. | Askme to roll out hyper-local online grocery across 27 Indian cities | Indian Television Dot Com Marketing Cipla acquires marketing rights of derma player Percos India : Report Cipla has acquired the exclusive rights to market skin care products of the countrys leading derma and cosmeceutical player Percos India. Marketing Organizing India's Print Service Industry : How is Vistaprint doing this? Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities Marketing Wan-Ifra conference on Cross Media Advertising More than 50 attendees were present at the Wan-Ifra conference focussing on cross media at the Bombay Exhibition Centre, Goregaon. The conference was presented by three speakers, who shared their views on the cross-media segment. Politics Modi government's talent deficit may be the biggest roadblock to delivery on ambitious vision If the Modi govt intends to be any different from its predecessor, it must recognise and promote able leaders within its ranks while also inculcating the same in the civil service. Otherwise, it will find that India is too big to be fuelled by one man's vision alone. Politics Parivartan versus Swabhiman: Modi makes developmental pitch to subsume caste-ist boundaries Prime Minister Narendra Modi has added a new dimension to the pre-election announcements-driven campaign thrust in Bihar, at his Bhagalpur rally Politics AAP questions RSS-BJP meet, calls it 'mockery' of Constitution Aam Aadmi Party on Wednesday questioned the RSS-BJP meet saying it amounted to "mockery" of the Constitution, and condemned a section of the right wing for attacking Vice President Hamid Ansari over his pitch for "affirmative action" for Muslims. Politics RSS-BJP meet: Top brass of Sangh Parivar favour an early resolution on OROP scheme The top brass of the RSS, its affiliates, the government and the BJP leaders came together to deliberate on key issues including the contentious 'OROP' on which an early resolution was favoured. Sports US Open 2015: Roger Federer romps into second round, Andy Murray sends Nick Kyrgios packing Roger Federer, in sizzling form since Wimbledon, dashed past 34th-ranked Leonardo Mayer of Argentina 6-1 6-2 6-2. Sports Anthony Martial signs for Manchester United, costliest ever teenager Anthony Martial signed for Manchester United for a reported 36 million pounds ($55.5 million). Sports Cheteshwar Pujara breaks into top-20 in Test batsmen's rankings Cheteshwar Pujara 20th in latest Test rankings; Virat Kohli's drop to 11th leaves India with no batsman inside the top 10. Sports Ravichandran Ashwin, from on- -off spinner to top spinner Ravichandran Ashwin has become his captain's go-to man, as his 21 wickets in the Test series suggest. Entertainment Pressure to please as Spider-Man frustrated Andrew Garfield Andrew Garfield says the pressure "to please everyone" as the superhero (Spider man) was frustrating. Entertainment Mahesh Babu's 'Srimanthudu' collects Rs 154 cr in 25 days Telugu superstar Mahesh Babu's 'Srimanthudu' has continued with its soaring success and has grossed Rs 154 crore in 25 days worldwide, a statement said. Entertainment Sonakshi Sinha gives a witty reply to 'why she is so ugly'? While all was going well and Sonakshi Sinha was making sure to reply to all his fans on Twitter, she came across the question "Why are you so ugly"? Entertainment 'Phantom' bears no resemblance to any organisation: Makers The makers of "Phantom" have clarified that the espionage drama "bears no resemblance to any actual organisation anywhere in the world", after they received a legal threat by a medical charity MSF over wrongly using its name in the movie. 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