January 20, 2016 - Driven by digital, ad spending in India to grow 15.5% to Rs 57,486 crore in 2016

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk It's not a good time for those who believe in the trickle-down theory of wealth. The wealthiest 62 people now own as much as half the world's population, some 3.5 billion people, as the super-rich have grown richer and the poor poorer. The wealth of the richest 62 people has risen by 44 percent since 2010, while the wealth of the poorest 3.5 billion fell 41 percent, Oxfam said in a report released ahead of the World Economic Forum's annual meeting in Davos, Switzerland, ironically a forum for the rich and powerful to pontificate about global issues. About $7.6 trillion of individuals' wealth sits in offshore tax havens, and if tax were paid on the income that this wealth generates, an extra $190 billion would be available to governments every year - Comment Digital Driven by digital, ad spending in India to grow 15.5% to Rs 57,486 crore in 2016 India’s advertising investment is estimated to reach Rs 57,486 crore in 2016 compared with last year’s Rs 49,758 crore Have a penchant for good content? Coming Soon This time it’s not personal!   Advt: Get qualified leads for your business TradeBriefs introduces automated mobile number verification, progressive qualification and other API-based verification. Save time and money! Digital Ratan Tata makes yet another investment in coupon site Cashkaro Cashback and Coupon site, Cashkaro,  has raised an undisclosed amount from Ratan Tata. Tata has made the investment in his personal …   Digital Storm Ventures launches $10 million fund for Indian SaaS startups Earlier this week, Indian Prime Minister Narendra Modi introduced a set of initiatives, called Startup India, designed to help the country's fledgling tech.. Digital Food delivery startup Swiggy raises $35 million in Series C round   Bengaluru-based food ordering and delivering startup Swiggy has raised $35 million in series C round from existing investors SAIF … Digital Delhi-based Collegedunia raises Rs 3 crore in pre-Series A round from Gaadi.com CEO Delhi Based Education Portal Collegedunia has raised Rs. 3 crore in pre-Series A round of funding from Umang Kumar, Co-Founder and CEO of … Retail ITC's Yippee nears Rs 1000-crore mark, gains from Maggi controversy Explaining Yippee's growth pre- and post-Maggi ban, he said it was "growing at more than 40 per cent before the controversy broke out, with all the co.. Retail How the man behind Shopper's Stop's first store is now making lives of retail associates easy Back in 1991, B.S. Nagesh joined the Raheja Group as General Manager. He was trusted with the responsibility of setting up the Group’s retail arm and given Retail With 29% growth, Reliance retail reports highest ever quarterly turnover of Rs 6042 crore in Q3 Reliance Retail posted highest ever quarterly turnover of Rs 6,042 crore during the third quarter against Rs 4,686 crore during the same period last year registering a growth of 29 percent. The business delivered PBDIT of Rs 243 crore in Q3FY16 as against Rs 227 crore in the corresponding period of the previous year. Retail Fabindia crosses Rs 1000 crore in sales; becomes 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. Telecom WhatsApp is eating telecom (or trying to) When WhatsApp opened up its API for transaction messages (announced yesterday), the first question that struck me was: why only this? Look carefully at the evolution of the product, and you'll see that the rollouts have been remarkably conservative, and that they mirror telecom operator ser Telecom India's Reliance telecoms unit to raise $2.2 bln via rights issue of shares Reliance Industries Ltd's (RELI.NS) telecommunications unit said its board had approved a plan to raise 150 billion rupees ($2.2 billion) via rights issue of shares to existing shareholders, ahead of an expected launch of its services in the second quarter. Telecom Telecom Ministry tops the government's grouse chart The telecom ministry, which is often bogged down by call drop complaints, tops the government Telecom Mobile wallets finally gain currency, starts to innovate Credit card penetration in India is still quite low but mobile wallets are slowly starting to fill this gap with widespread acceptability. Finance Reliance Industries, Mukesh Ambani see record gains from crude oil slump Net profit rose 39% to Rs7,290 crore in the December quarter; Ambani’s net worth increased $620 million as of Friday, the most in the world in 2016 Finance Online wallets giving banks a run for money Ryan Craine hates carrying cash and finds writing cheques to be a headache. He doesn’t do much of either anymore and uses his smartphone to pay for things. Finance Start-up policy: a flipped cart Prime Minister Narendra Modi's Startup India initiative has evoked much interest and expectations from stakeholders. Finance Cognizant did more business in 2015 than TCS, Infosys, Wipro together Cognizant will have $2.15 billion in incremental revenue in January-December 2015, higher than the $1.96 billion in new revenues brought by the three largest home-grown IT firms Software Sony Corp and Samsung Electronics lay off 300 employees with slowdown in smartphone sales due to Chinese competition Sonys smartphone business fails to grow as anticipated & Samsung tries to cut cost as competition intensifies, while, at Micromax, the CEO is on his way out. Software Why BlackBerry needs to win back customers' confidence? When Nayak took over in October, BlackBerry had less than 30 employees in India, down from over 70 a couple of years ago. Software Microsoft to donate $1 billion worth cloud computing power to non-profit groups and university researchers Microsoft on Tuesday said it will put a billion dollars' worth of cloud computing power in the hands of non-profit groups and university researchers free of charge. Ecommerce Ad spending seen growing at 15.5% in 2016; Digital advertising will account for 12.7% of all ad spending in 2016, up from 9.9% in 2015 GroupM estimates show digital advertising will account for 12.7% of all ad spending in 2016, up from 9.9% in 2015 Ecommerce Uber could double India investment if returns are good: Co-founder and Chief Executive Travis Kalanick Kalanick says the start-up ecosystem in India has grown up in the last 10 years, and the funding environment has gone global Ecommerce RemitGuru launches Request Money The request and remittance process involves a person in India logging on to the firm's website and clicking on ‘money option’, according to a comp.. Ecommerce New Delhi based Smartbox introduces a network of automated parcel delivery terminals for online shoppers Post and ParcelThe first of its kind service proposition will help e-commerce companies reduce high costs and challenges associated with the last mile delivery of parcels. Smartbox terminals will facilitate 24*7 availability of a physical address for online shoppers Franchise Franchisee Journey: From 25 years in sales to Window Genie franchisee Brent and Melissa Windsor relocated to the Arizona desert to provide their new community with window-washing services through the franchise. Franchise What are the rewards of being an early adopter of a promising new franchise concept? Why it pays big to be an early adopter in franchising. HR Tier-II cities to lead job creation in India: Monster.com The Indian job market is on a revival mode, according to a recent Monster India's whitepaper, that analysed online hiring activity data of 5 years. HR Cabinet OKs 35% women quota in state govt jobs HR Where in the world will wages rise the most in 2016? These are the top 10 countries where workers will feel richer in real terms this year, and five where they’ll see their salaries fall HR Modi's Start Up India won't give India its Steve Jobs It is for the youth of big cities who have access to niche skills and resources. Logistics India's Indira Gandhi International Airport to have new air traffic control tower, 22 storeyed costing Rs 3.5 billion will be one of the tallest structures in Delhi A new air traffic control (ATC) tower, worth Rs3.5bn ($51.6m), will be built at Indira Gandhi International Airport (IGI) in Delhi, India. Logistics High Alert due to Republic Day: IndiGo Airlines' check-in counters to close an hour before departure Carrier advances check-in time owing to stringent security checks Logistics Swachh Bharat Abhiyaan: India's top 12 ports start 'Project Green Ports' drive, will see cleaning of port roads, painting zebra crossings,pavments, toilets, more dustbins within the port areas The government said that India's top 12 ports will be made cleaner and greener in a time-bound manner under 'Project Green Ports,'. Logistics Airports in India: Security air pockets, 19 airports deemed sensitive, security to be beefed up Amid burgeoning threat perceptions across airports, the proposal to cut down on CISF deployment, coupled with other security loopholes, is worrying and calls for a relook. Construction Does it make sense to buy house in resale market? This market functions in various ways. So, irrespective of where you are buying, consider these points Construction Godrej Properties, Vihang Group sign an agreement for 15-acre development in Thane The company will be developing a residential housing project with a development potential of over 1 million sq. ft, Godrej Properties said in a releas.. Construction Tata Housing ties up with Amazon India Round up of the major headlines that dominated the real estate sector, nationally and internationally Marketing Five Digital Trends That Are Unlikely To Change In India In 2016 : Ashwath Ganesan Editor’s Note: At LI we are inviting some of the best digital marketing minds of the country to share their opinion on how the market has evolved and the different facets that have attracted or dis… Marketing Swiggy raises $35M : claims 20x growth in the last few months Online food ordering startup Swiggy has raised Series C funding worth $35 million from new investors Harmony Partners and Singapore based RB investments and existing investors SAIF Partners and Norwest Venture Partners. It will use the funds for user acquisition and tying up with more restaurant Marketing Coca-Cola consolidates marketing for most well-known drinks : Report Coca-Cola, under pressure as many people look to cut back on sugary drinks, is unveiling a new global campaign that for the first time unites its flagship cola with lower-calorie versions.   Marketing #StartupIndia Action Plan : Reactions from a “normal startup” – Sumanth Raghavendra By Sumanth Raghavendra Last weekend witnessed a glitzy startup event. In many ways, this event was like every other startup event in India — founders of “unicorn” startups dispensing gyaan to the rest of us mortals interspersed by some disinterested folks featuring in hackneyed panel discussi Politics Rohith Vemula suicide: Why did HRD ministry write 4 letters on the ‘matter’? Was ABVP leader really injured? Although the Ministry of Human Resource Development is stoutly denying any hand in the events leading up to the suicide of PhD student Rohith Vemula at Hyderabad Central University, the Ministry sent four fairly detailed letters to the same University where Vemula was a student, asking for details on the "matter" raised by Minister of State Bandaru Dattatreya. Politics The Big Five: The Media Companies That the Modi Government Must Scrutinise To Fulfill its Promise of Ending Crony Capitalism Politics Nitish Kumar keeps Bihar poll promise, okays 35 per cent reservation for women in govt jobs Bihar chief minister Nitish Kumar, under intense attack from Opposition BJP, on Tuesday fulfilled a key election promise with his Cabinet giving the signal to 35 per cent reservation for women in state government jobs. Politics It’s raining troubles for Kejriwal in Punjab In what can pose a major challenge for Arvind Kejriwal's AAP in Punjab, his former associates and expelled party members Prashant Bhushan and Yogendra Yadav are planning to launch a political party in the State and may nominate candidates for the 2017 Punjab Assembly elections. Sports For India, pride comes after the fall Having already surrendered the series, the Indian team will look to restore honour in remaining two games at Canberra and Sydney. Sports HIL 2016: Sardar marshals Warriors to winning start against Rays Despite the win, it was not a smooth ride for the Punjab side which was playing at the newly laid astro turf at Sector 42 Hockey Stadium. Sports I am very much a work in progress as cricketer, says Virat Kohli Virat Kohli is eyeing redemption in the T20 series against Australia and excited to play alongside Yuvraj Singh. Sports Aus Open 2016: Rafael Nadal, Venus Williams crash out in Rd 1 It was a day of upsets in Melbourne as Rafael Nadal, Venus Williams, Simona Halep crash out in first round of the Australian Open. Entertainment Bollywood calls Sunny Leone a “rockstar” on her ‘brave’ interview Anushka Sharma, Rishi Kapoor, Alia Bhatt, Sushant Singh Rajput are among others who have applauded Sunny Leone for putting up a brave side during an interview. Entertainment There were issues between channel and Comedy Nights With Kapil: Ali Asgar "There were some issues between production house and the channel," Ali Asgar said. Entertainment Kiku Sharda’s arrest murder of freedom of expression: Piyush Mishra Piyush Mishra today said the arrest of TV comedian Kiku Sharda was a murder of freedom of expression. Entertainment Delighted to be married one last time: Kabir Bedi Kabir Bedi is a happy man after tying the knot with his long-time partner Parveen Dusanj last week. 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