Tuesday, January 19, 2016

January 19, 2016 - Flipkart, Snapdeal, Jabong among 21 online firms under ED scanner over foreign exchange rule violations

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
2015 was a record year for investment in clean energy globally, at $329 billion, and what is particularly interesting is that this is happening in a year when oil, coal and natural gas have become unusually cheap. Notable amongst the trends are China's dominance ($110.5 bn or one third of the total global investment), as well as the fact that clean energy output has increased 30% compared to last year (with only 4% increase in dollar investment), indicating that clean energy technology has become significantly cheaper. India invested $10.9 billion, a number that needs to be scaled up quickly if we need to meet Modi's target of 175GW clean capacity by 2022 - Comment


Digital
Flipkart, Snapdeal, Jabong among 21 online firms under ED scanner over foreign exchange rule violations
Flipkart, Snapdeal, Jabong among  21 online firms under ED scanner over foreign exchange rule violations - Hindustan Times
The Enforcement Directorate (ED) has turned the focus on eight online retail firms for suspected flouting of the Foreign Exchange Management Act (FEMA), an umbrella law that regulates money transfers from abroad.


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Digital
India.com: Zee to rope in strategic investor in its JV firm India Web Portal
Zee Entertainment Enterprises Ltd wants to induct a strategic investor in its joint venture firm India Web Portal Ltd (IWPL), which runs India.com and a slew of other online news media properties.


Digital
Ola hires former Microsoft exec Raghuvesh Sarup as CMO
The country's largest cab aggregator Ola, run by Mumbai-based ANI Technologies Pvt Ltd, has appointed ex-Microsoft India executive Raghuvesh Sarup as its chief marketing officer.


Digital
IBM bags $40mn deal from Bank Tech India Payments
Technology giant IBM today said it has bagged a 7-year deal worth USD 40 million (abou


Digital
Paytm rolls out Paytm Force to assist SMB sellers on its platform
Mobile wallet and e-commerce firm Paytm has rolled out a service to help small and medium sellers on its platform, as the company looks to expand its marketplace business to better compete with Flipkart, Snapdeal and Amazon.


Retail
Who's Afraid Of Baba Ramdev's Patanjali?
In which product categories will Patanjali Ayurved have a natural advantage? Which existing companies in these segments will Patanjali threaten?

Retail
Biyani expects Patanjali sales to grow to Rs 1000 crore by next year, thanks to his partnership
Biyani expects Patanjali sales  to grow to Rs 1000 crore by next year, thanks to his partnership - Indiainfoline
Biyani expects the sales of Ramdev's Patanjali products to grow to Rs. 1000 crore by 2017. He believes that once the supply matches the demand he will earn a revenue of Rs.70-80 crore per month.

Retail
Paytm Force enables sellers to avail services from third-party partners
Paytm Force  enables sellers to avail services from third-party partners - MediaNama.com
Paytm has launched Paytm Force to assist and advise merchants on its platform. The service will have more that 3,000 certified ecommerce partners who will offer


Telecom
India is the world's best investment opportunity: SoftBank's Masayoshi Son
India is the  world's best investment opportunity: SoftBank's Masayoshi Son - ETTelecom.com
As Masayoshi Son reinvents his 35-year-old company, India is at the centre stage of his plans. Masa, 58, known to have seen several highs and the lowe..


Telecom
This is how Bharti, Vodafone will revolutionize Indian telecom with VoLTE
This is how  Bharti, Vodafone will revolutionize Indian telecom with VoLTE - Businessinsider India
India's two most well-known telcos are preparing to launch Voice over LTE (VoLTE) tech on their networks, with some help from Nokia. This is primarily to


Telecom
'4G a great opportunity for M E industry'
Campaign reports on an emerging media and has grown to be the authoritative voice of the media, marketing and advertising community in the Asia Pacific region


Telecom
Reliance Communications to share spectrum with Reliance Jio for 4G
Reliance Communications to share  spectrum with Reliance Jio for 4G - The Indian Express
Reliance Communications, controlled by billionaire Anil Ambani, will also share its airwaves in the 800 megahertz band with Reliance Jio Infocomm Ltd in 17 service areas.



Finance
Easwar panel suggests friendlier direct tax laws
Easwar panel suggests friendlier  direct tax laws - Livemint
Committee proposes deferring contentious ICDS provisions; some recommendations may be a part of budget 2016


Finance
Sebi looking to lower expense charges for mutual funds
Sebi looking to lower expense  charges for mutual funds - Livemint
Cut in expense ratio will help curb frequent launches of new fund offers, which distributors use to earn more commissions


Finance
Israel should build long-term stakes in Indian economy: Sushma Swaraj
Israel should  build long-term stakes in Indian economy: Sushma Swaraj - Economic Times
India was working for closer political interaction and deeper economic engagement with Palestine, External Affairs Minister Sushma Swaraj said here on Sunday


Finance
Kotak Mahindra Bank: subsidiaries help post merger
Kotak Mahindra Bank:  subsidiaries help post merger - Livemint
Kotak’s subsidiary businesses boosted its consolidated numbers with all divisions reporting a year-on-year increase in profits, barring Kotak Securities




Software
Will the new start-up India policy by the government help our entrepreneurs and new businesses?
Will the new start-up India  policy by the government help our entrepreneurs and new businesses? - Livemint
Will the forthcoming Budget provide sops and incentives for the manufacturing sector, facing economic slowdown pressures and subdued governemnt capex spend


Software
Instant messaging giant Whatsapp to drop its $1 subscription fee
Instant messaging giant Whatsapp  to drop its $1 subscription fee - Economic Times
Instant messaging giant Whatsapp will be dropping its $1 yearly subscription fee in the next few weeks, founder Jan Koum said at DLD conference.


Software
Almost 7 out of every 10 Indian youth have a tech knowledge-gap, says Infosys
Almost 7 out of  every 10 Indian youth have a tech knowledge-gap, says Infosys - Livemint
DAVOS, Switzerland, January 18, 2016 /PRNewswire/ -- Infosys Research Reveals Disparity Between Developing and...


Software
India ranks 2nd in the world of mobile device threats, says Kaspersky
India ranks 2nd  in the world of mobile device threats, says Kaspersky
According to the report India ranks a “frightening” second in the world for mobile device threats. Kaspersky lab is an international software security provider that is headquartered in Moscow.



Ecommerce
Flipkart reaches an agreement with last-mile delivery specialist dPronto; aims to support the social objective of transforming lives of the less privileged youth
Post and ParcelIndia's e-commerce giant Flipkart has reached an agreement with last-mile delivery specialist dPronto. Set up by Rajiv Sharma, the ex-CEO of Airtel Enterprise, dPronto claims to be a delivery company with a social mission, as it provides jobs to 

Ecommerce
Fabindia Overseas crosses Rs 1,000-crore sales mark to become the largest retail apparel brand in the country
During 2014-15, the ethnic wear firm posted a 12% rise in consolidated sales at Rs 1,148 crore with 36% increase profit.

Ecommerce
Amazon to start grocery delivery by April; move may threaten the survival of so-called hyperlocal start-ups
Move comes as grocery delivery start-ups Grofers and PepperTap are shutting operations in several cities or moderating expansion plans to reduce costs

Ecommerce


Franchise
Franchisee Journey: From a career in corporate finance in logistics to franchising with Dental Fix RxX with plans for a bigger business empire
Franchisee Journey: From a  career in corporate finance in logistics to franchising with Dental Fix RxX with plans for a bigger business empire - Entrepreneur
Philip May left a corporate career to own his own business, whose mobile vans fix dental equipment on-site and make all of us healthier.


Franchise
Integrating social media within processes and methods of your franchise marketing and development plans
Integrating social media within  processes and methods of your franchise marketing and development plans - Franchising.Com
What is Franchise Social Media? Basically, it's more than just social media. It's the application and utilization of social media within a franchise environment. Sure, many of the same principles apply. But, franchising is different than most small business models. It's unique in many ways beyond the typical B2B or B2C model. There are specific disclosure laws that are a major part of the franchise candidate recruitment process. Even from a consumer proposition standpoint, the integrity of the entire franchise organization must be considered. And, one cannot discuss social media in a franchise environment without touching upon guidelines, policies and procedures, and brand uniformity.



HR
Mindtree names Rostow Ravanan as its new CEO
Mindtree names Rostow Ravanan as  its new CEO - Forbes India
Mindtree has appointed Rostow Ravanan as the CEO and managing director, and Krishnakumar Natarajan as the executive chairman of the company.


HR
Over 5 million jobs may be lost globally in 5 years: WEF
Over 5 million jobs may be lost  globally in 5 years: WEF - Daily News Analysis
Over 5 million jobs may be lost globally in 5 years: WEF - "This loss is predicted to be partially offset by the creation of 2.1 million new jobs, mainly in more specialized 'job families'


HR
Supreme Court orders foodgrain, jobs for drought-affected
Supreme Court orders foodgrain,  jobs for drought-affected - Times of India
The Supreme Court on Monday directed the Centre and drought-hit states to ensure that those affected were provided free foodgrain as per the Food Security Act and one member of the family given a minimum 150 days of employment under the MGNREG Act.


HR
Striving to unearth mysteries of brain
Striving to unearth mysteries of  brain - The Hindu
Dr. Karl Deisseroth wants to deconstruct the brain, understand it, and unearth its mysteries.On any given day, there are ideas flying around in his bioengineering lab at Stanford University. The neur



Logistics
Iran sanctions lift-off: 'India-Kazakh transport corridor can become operational'
Iran sanctions lift-off:  'India-Kazakh transport corridor can become operational' - Hindu Business Line
A multimodal freight link between Kazakhstan and India through Iran can “technically”


Logistics
Indian Railways to rate stations on cleanliness, will rate 400 stations on 47 parameters, results to be out by february '16
Indian Railways to rate stations  on cleanliness, will rate 400 stations on 47 parameters, results to be out by february '16 - onmanorama
A private agency has been entrusted to conduct a survey of about 400 railway stations, including 15 from Kerala.


Logistics
Indian airlines carried 19.71% more passengers in December 15 with 75% capacity utilisation, compared to last year
Indian airlines carried 19.71%  more passengers in December 15 with 75% capacity utilisation, compared to last year - Businessinsider India
Airlines in India registered another good month in 2015. They carried 19.71% more passengers during December compared to the same month last year. This resulted


Logistics
Amazon's Transformation to Global Third-Party Logistics provider, giving palatalisation services now
Amazon's Transformation to  Global Third-Party Logistics provider, giving palatalisation services now  - EBN
Amazon is extending its behemoth reach from e-commerce into logistics in a bid to service its own needs and increase revenues.



Construction
Best places to buy affordable house
Best places to buy affordable  house - ET Realty
Buying property is no longer a distant dream. Here are the country's best places with great lower-budget real estate investment prospects.


Construction
Why are Lafarge and JP Cement looking to sell cement assets?
Why are Lafarge and JP Cement  looking to sell cement assets? - ET Realty
The bill stipulates that a cement company can transfer lime reserves only if it obtained such a reserve through auction.


Construction
How BDA's land act has let Bengalureans down?
How BDA's land act has let  Bengalureans down? - ET Realty
The shocking aspect of the whole thing is CM Siddaramaiah signing off the proposal to transfer a portion of the BDA land to the IAS Society and keepin..


Construction
Vista Rooms to expand to 65 cities in 2016
Vista Rooms to expand to 65  cities in 2016 - ET Realty
Apart from strengthening presence in metros and big cities the company will focus on the new tier-II and tier-III cities, he added



Marketing
WhatsApp to remain free, denies plans to launch ads : Report
WhatsApp to remain free, denies  plans to launch ads : Report - Times of India
Mobile messaging service WhatsApp, owned by Facebook Inc, said it will no longer charge annual subscription fees and plans to test tools to allow users to communicate directly with businesses and organizations via the app.


Marketing
What Does Modi's #StartUp India Have for Ad Media StartUps in India? : Report
Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities


Marketing
RCom enters into a pact with Reliance Jio for 4G services : Report
RCom enters into a pact with  Reliance Jio for 4G services : Report - Medianama
Telecom operators Reliance Communications (RCOM) and Reliance Jio have entered into a strategic partnership to share spectrum to provide LTE services, the Anil Ambani-led comapny said in a notification on the BSE.  RCOM and Jio have signed agreements in spectrum allotment in 800 MHz band across


Marketing
Dentsu Webchutney bags Forever New's Digital Duties
Dentsu Webchutney bags Forever  New's Digital Duties - Adage India
Account to be handled out of Webchutney's Delhi office



Politics
Obama's Last State Of The Union Address Was One Of His Most Powerful Speeches Yet
Obama's Last State Of The Union Address Was One Of His Most  Powerful Speeches Yet
Six years and 358 days into his two-term run at the White House, President Barack Obama delivered his last State of the Union address on 12 January. This was perhaps the most powerful speech that Obama has made and I believe this will be the speech that, in the annals of history, will define him both as a President and as an American.


Politics
Let Mehbooba take her time: A cohesive J K govt will be more stable than one formed in a hurry
Let Mehbooba take her time: A cohesive J K govt will be  more stable than one formed in a hurry
If history is a good teacher, its lesson is that it is better for Mehbooba Mufti, the President of the People’s Democratic Party (PDP), to make sure she can form a stable, strong and cohesive government in Jammu and Kashmir rather than rush to form an uneasy, unstable one.


Politics
Kolkata hit-and-run case: A curious chain of events leads to the ‘arrest’ of prime accused Sambia
Kolkata hit-and-run case: A curious chain of events  leads to the ‘arrest’ of prime accused Sambia
The chain of events leading to the 'arrest' of prime accused Sambia Sohrab in Kolkata hit-and-run case raises several questions.


Politics
By calling an ‘ink attack’ a rehearsal for Kejriwal assassination, AAP is taking it too far
By calling an ‘ink attack’ a rehearsal for  Kejriwal assassination, AAP is taking it too far
Calling an incident of ink throwing as "ink attack" gives the impression that some kind of crime has been committed as in case of an acid attack.



Sports
Playmart enters e-commerce space to offer sports goods
Playmart enters e-commerce space to offer sports goods
Playmart India has launched an online one-stop market place playmart.in for sports goo


Sports
Ind vs Aus: Jasprit Bumrah replaces injured Mohammed Shami in India T20I squad
Ind vs Aus: Jasprit Bumrah replaces injured Mohammed  Shami in India T20I squad
Jasprit Bumrah has been in wicket-taking mould for Gujarat, bagging 14 scalps in nine Syed Mushtaq Ali games.


Sports
Ind vs Aus: Five things that went wrong for India in Melbourne
Ind vs Aus: Five things that went wrong for India in  Melbourne
The new Indian ODI team has looked off color in the on going series against Australia. Here are the things that went wrong for the Men in Blue.


Sports
Unfair to question MS Dhoni’s leadership after just one series: Anurag Thakur
Unfair to question MS Dhoni’s leadership after just one  series: Anurag Thakur
MS Dhoni's men succumbed to their third successive defeat in Australia who took an unassailable 3-0 lead.



Entertainment
It was a dream to see myself on hoardings: Akshay Kumar
It was a dream to see myself on hoardings: Akshay Kumar
Akshay Kumar said, "It feels very good to see yourself on the hoarding. It was a dream which I am living now.


Entertainment
Well read Aditi Rao Hydari essays college dropout in ‘Aur Devdas’
Well read Aditi Rao Hydari essays college dropout in  ‘Aur Devdas’
Aditi Rao Hydari, who graduated from one of the best girls' college of Delhi University, will essay a college dropout in her new film "Aur Devdas".


Entertainment
I will definitely work with Farhan Akhtar in future: Abhishek Kapoor
I will definitely work with Farhan Akhtar in future:  Abhishek Kapoor
"Fitoor" director Abhishek Kapoor says he will definitely team up with the actor in the future.


Entertainment
‘Cinemawala’, Nirbhaya docu opens Indian Panorama film fest
‘Cinemawala’, Nirbhaya docu opens Indian  Panorama film fest
Kaushik Ganguly's "Cinemawala" and December 16 gangrape documentary "Daughters of Mother India" today raised the curtains at the Indian Panorama Film Festival in New Delhi.




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