Wednesday, January 6, 2016

January 6, 2016 - Internet.org's India growth head Abhishek Nag quits to join Uber India

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Here's a framework to keep in mind when making important decisions - at work or in life. Let's call it the Tradeoff-Probability framework. First of all, it's important to realize that every decision you take has a trade-off. Even not taking a decision is a decision to continue with the status quo and that has a tradeoff - you might be missing out on an exciting opportunity. For example, if you are unsatisfied with your current job, it is important that you take a decision - find a new job? fix whatever is bugging you in your current job? Stay on and do nothing? Here, we introduce the probability framework. What is the probability that finding a new job will make you happier? In addition to the obvious positives and negatives, consider the positives of your current job and the novelty factor wearing off on your new job. If the probability is high (> 75%) that the tradeoff for your new job vs your old job is a better one, it's time to move. What thinking about probabilities does is recognize that nothing in life is certain. The best you can do is get as much information as possible and try to ascertain a probability to the outcome. A series of high probability positive decisions makes for a satisfying life with no regrets - Comment


Digital
Internet.org's India growth head Abhishek Nag quits to join Uber India
Internet.org's India growth head Abhishek Nag quits to join Uber India - MediaNama.com
Abhishek Nag, Facebook India’s growth manager has quit the company to join online cab aggregator Uber as head of partnerships in India as per his LinkedIn profile. Uber has confirmed Nag’s appointment. Nag will be responsible for managing Uber India’s partnerships and look after business develop


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Digital
Meet Nandan Nilekani: Aadhar creator. Author. Budding philanthropist. A failed politician. And now a startup investor
He is arguably one of India’s best-known corporate technocrats. One credited with building the world’s largest identity database in record time. Globally acclaimed ‘ideas’ man. Author. Budding philanthropist. And a failed politician.


Digital
Hyperlocal delivery app Grofers ceases operations in 9 cities
It had raised $120 million in November from SoftBank and others.


Digital
Marketing automation startup Blueshift raises $8 million from Storm Ventures, Nexus
Marketing automation startup Blueshift raises $8M from Storm Ventures, Nexus


Digital
CarDekho parent looking to launch several verticals related to auto segment
Jaipur-based Girnar Software Pvt Ltd is looking to launch several verticals related to the automobile segment, as the company behind CarDekho and BikeDekho portals continues to expand aggressively after making a series of acquisitions over the past year and a half.


Retail
Marketplace model used by ecommerce companies not recognised under India's FDI policy: DIPP
Marketplace model used by  ecommerce companies not recognised under India's FDI policy: DIPP - Economic Times
The department has also suggested that its up to the financial watchdogs to investigate whether there has been any violation of FDI rules by online retailers.

Retail
24x7 retail stores violate labour laws: Central trade unions
24x7 retail stores violate  labour laws: Central trade unions - Economic Times
Central trade unions, including RSS-affiliate Bhartiya Mazdoor Sangh, have outright rejected governments proposal to allow retail stores open 24x7.

Retail
FMCG goods to see a poor Dec quarter, adverse impact of delayed winter & Chennai flood
Third-quarter FMCG volume growth could slow on adverse impact of the delayed winter and Chennai floods.

Retail
Shopping at 'fool' price
IF you live in India, your 'Happy New Year' arrived on December 26. That's the day when most retail stores officially began their January


Telecom
Telecom companies threaten to raise tariffs to make up for call drop fine
Telecom  companies threaten to raise tariffs to make up for call drop fine - Economic Times
Mobile phone operators have warned that they will be forced to increase voice and data tariffs if they have to compensate their subscribers for call drops.


Telecom

Telecom
Hitachi Solutions India to increase headcount, acquires Ignify
Hitachi Solutions India to  increase headcount, acquires Ignify - ETTelecom.com
"We intend to touch 1,000 employee strength in 18 months time. Currently Hitachi Solutions India has around 300 people," Ananthanarayanan Subramanian.


Telecom
Growing mobile payment market in India
Growing mobile payment market in  India - ETTelecom.com
Digital wallet payment solutions are becoming more relevant for the Indian economy driven by mobile-centric internet penetration. The Reserve Bank of India (R..



Finance
Could Coal India become a victim of its own success?
Could Coal India become a victim  of its own success? - Livemint
CIL has seen impressive production growth every month so far this fiscal year. But could lower demand from the power sector prove to be a party pooper?


Finance
Barclays plans to shut India equities business: Reports
Barclays plans to shut India  equities business: Reports - Economic Times
Barclays Plc plans to shut its India equities business as part of the British bank's efforts to slash costs and boost profit.


Finance
Have closed-end funds delivered?
Have closed-end funds delivered?  - Livemint
Schemes launched before May 2014 have done well; those that came after struggle, due to high valuations


Finance
New bankruptcy code can help regularize vendor payments
New bankruptcy code can help  regularize vendor payments - Livemint
Bill allows unsecured creditors file insolvency application against a firm where payments are due




Software
Why CEOs of Indian IT companies are busy shifting base to US?
Why CEOs of Indian IT companies  are busy shifting base to US? - News
The trend that suggests that these companies need to build deeper engagements with key customers as Indian IT's competitiveness diminishes.


Software
What were 2015's big startup acquisitions in India?
What were 2015's big startup  acquisitions in India? - Business Standard
Nasscom counts 65 acquisitions of startups by mid-October, Tech in Asia reports


Software
Twitter working on 'Beyond 140' : Considering 10,000-character limit for tweets
Twitter  working on 'Beyond 140' : Considering 10,000-character limit for tweets - Economic Times
Twitter Inc is building a new feature that will allow users post messages as long as 10,000 characters, according to a media report.


Software
Hitachi Solutions expands presence in Asia Pacific region : Acquires IT solutions provider Ignify
Hitachi Solutions expands  presence in Asia Pacific region : Acquires IT solutions provider Ignify - Economic Times
Hitachi Solutions India, a subsidiary of Tokyo-based Hitachi, has acquired IT solutions provider Ignify for an undisclosed amount. Hitachi Solutions will add more resources.



Ecommerce
Paytm appoints former Boston Scientific Corporation and ITC executive Varun Khullar as the head of partnerships division at its proposed payment bank
Paytm appoints former Boston  Scientific Corporation and ITC executive Varun Khullar as the head of partnerships division at its proposed payment bank - Economic Times
Mobile payments and ecommerce firm Paytm has appointed former Boston Scientific Corporation and ITC executive Varun Khullar as the head of partnerships division.

Ecommerce
SBI to set up a first-of-its-kind branch to cater exclusively to the growing banking needs of start-ups
SBI to set up a  first-of-its-kind branch to cater exclusively to the growing banking needs of start-ups - Hindu Business Line
The nascent yet burgeoning start-up ecosystem has caught the attention of SBI. The

Ecommerce
Flatfurnish raises an undisclosed amount of funding from Jabong Co-Founder Arun Chandra Mohan; funding will be used in expansion of the company
Flatfurnish raises an  undisclosed amount of funding from Jabong Co-Founder Arun Chandra Mohan; funding will be used in expansion of the company - iamWire
Furniture inventory posted on the website is manufactured by the company itself. Flatfurnish follows in-house designing of products to make sure that the products being manufactured are durable

Ecommerce
Chinese internet and technology company Letv enters India with niche products, including a smart cycle and a 3D virtual reality helmet
Chinese internet and technology  company Letv enters India with niche products, including a smart cycle and a 3D virtual reality helmet - Economic Times
“Mobile phone is definitely the key focus. We want to sell a complete ecosystem," said Dickson Lee, general manager - smart devices for Asia Pacific at Letv.


Franchise
Franchisee Journey: From 22 years in the Army to Nutty Scientists franchisee
Franchisee  Journey: From 22 years in the Army to Nutty Scientists franchisee - Entrepreneur
When Mistie and Scott Wisniewski entered the Nutty Scientists franchise, they discovered they had the team chemistry and the drive to make it work.


Franchise
Reel your customers in; improve sales with insightful visual merchandizing
Reel your  customers in; improve sales with insightful visual merchandizing - Franchise Mart
Franchise Blog India,Franchise In India,The visual presentation in the store has always been the major customer motivation accounting for the a majority of ...


Franchise
Keep up with the changing times, redesign your company while maintaining brand consistency
Keep up with the changing times,  redesign your company while maintaining brand consistency - Franchising USA Magazine
Click to learn about Redesigning without Losing Your Brand’s Identity



HR
Sushil Agarwal to hold additional role as Aditya Birla group CFO
Sushil Agarwal to hold  additional role as Aditya Birla group CFO - Daily News Analysis
Sushil Agarwal to hold additional role as Aditya Birla group CFO - On Tuesday, Grasim Industries had announced merger of Aditya Birla Chemicals (India) Ltd with itself after receiving necessary approvals.


HR
29 jobs to avoid if you hate stress
29 jobs to avoid if you hate  stress - Times of India
Do you crack under pressure? Crumble when you're stressed? If so, you'd be better off pursuing a career in science or education than you would in healthcare or law enforcement.


HR
Railway recruitment 2016: 1884 jobs for 10th pass physically challenged
Railway  recruitment 2016: 1884 jobs for 10th pass physically challenged - The Indian Express
Railway jobs 2016: This special recruitment drive is to fill up backlog vacancies against the quota for Persons with Disabilities (PWD)


HR
REPORT: Valeant is appointing a new CEO
REPORT: Valeant is appointing a  new CEO - Businessinsider India
REUTERS/Christinne MuschiMichael Pearson, chairman of the board and chief executive officer of Valeant Pharmaceuticals International Inc, poses following their



Logistics

Logistics
Indian railways to soon invite bids for modernisation of 400 stations: Arun Jaitley
Indian railways  to soon invite bids for modernisation of 400 stations: Arun Jaitley - Financial Express
Eyeing more investment from private players in infrastructure space, the government is considering allowing them to manage smaller airports while railways will soon invite bids for modernisation of 400 stations, Finance Minister Arun Jaitley said today.


Logistics
Indian Railways seeks suggestions on proposed regulator; a Rail Devlopment Authority to protect the rights of the consumers and ensure quality services
Indian Railways seeks  suggestions on proposed regulator; a Rail Devlopment Authority to protect the rights of the consumers and ensure quality services - Financial Express
'Rail Development Authority’, will not be able to compel the Railways to revise fares or freight but can only “recommend” passenger and freight tariffs considering the cost structure.


Logistics
Malaysia Airlines limits check-in luggage on European flights; 7 kg in economy handbaggage and 14 kg in business class
Malaysia Airlines limits  check-in luggage on European flights; 7 kg in economy handbaggage and 14 kg in business class - Times of India
Malaysia Airlines on Tuesday announced immediate restrictions on check-in luggage for some Europe-bound flights, citing strong headwinds, a move that left aviation analysts puzzled.



Construction
Lulu to invest Rs1,000 crore in Uttar Pradesh to build mall and hotel beyond kerala
Lulu to invest  Rs1,000 crore in Uttar Pradesh to build mall and hotel beyond kerala - Livemint
Move signals Lulu’s interest in the Indian market beyond Kerala


Construction
Nagpur Municipal Corp violates norm by giving Smart City work to pvt agency without floating tender
Nagpur Municipal Corp violates  norm by giving Smart City work to pvt agency without floating tender - ET Realty
As per NMC’s records, Rs 10.50 lakh worth work was allotted to the agency on August 7, 2015. The projects department tabled proposal before the stan..


Construction
NHB asks HFCs to share info on wilful defaulters above Rs 25 lakh default and above
NHB asks HFCs  to share info on wilful defaulters above Rs 25 lakh default and above - ET Realty
Accordingly, NHB framed guidelines to put in place a mechanism of sharing information on wilful defaults of Rs 25 lakh and above so as to ensure furth..



Marketing
8 Marketing Trends That May Mould 2016 in India : Report
Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities


Marketing

Marketing
Snapchat is reportedly moving into ad tech : Report
Snapchat is reportedly moving  into ad tech : Report - Businessinsider India
Lucas Jackson/Reuters PicturesSnapchat CEO Evan Spiegel.Snapchat is preparing to move into ad tech for the first time, according to a report from Digiday's


Marketing
Reliance Jio pushes commercial 4G operations to March : report
Reliance Jio  pushes commercial 4G operations to March : report - Medianama
After launching its 4G services for employees only on the 27th of December, Reliance Jio (RJIL) will be launching its 4G offerings commercially starting March, reports Vccircle. Overall, RJIL currently claims to have given out 70,000 4G mobile connections to its employees for testing ahead of the co



Politics
Bihar grand alliance: Never mind the flunkeys, Nitish and Lalu are likely to stick together
Bihar grand alliance: Never mind the flunkeys, Nitish  and Lalu are likely to stick together
Will the unravelling of the Lalu-Nitish alliance be as swift as its coming together? Given the flurry of statements by the flunkeys on either side, that may seem probable.


Politics
Pathankot Attack: 'I See Some Gaps', Admits Defence Minister As Combing Operations Go On
Pathankot Attack: 'I See Some Gaps', Admits Defence Minister As  Combing Operations Go On
Four days after a group of heavily-armed gunmen attacked an Indian air force base near the border with Pakistan, killing seven Indian security personnel, Defence Minister Manohar Parrikar acknowledged


Politics
‘We had warned him not to trust Pakistan’: Sena hits out at Modi after Pathankot attack
‘We had warned him not to trust Pakistan’:  Sena hits out at Modi after Pathankot attack
Lashing out at the Centre in the wake of the Pathankot terror strike, the Shiv Sena said it had warned Prime Minister Narendra Modi not to trust Pakistan.


Politics
Siddhartha Dhar, British Muslim Convert, Might Be The Executioner In Latest IS Video
Siddhartha Dhar, British Muslim Convert, Might Be The  Executioner In Latest IS Video
The new "Jihadi John," who is seen executing a prisoner in the latest Islamic State video, could be a 32-year-old bouncy castle salesman from east London, who was out on bail for alleged ter



Sports
Slimmer, fitter Dhoni raring to resume international grind
Slimmer, fitter Dhoni raring to resume international grind
India's limited-overs captain MS Dhoni, who played just 22 matches in 2015, has admitted that the long time out in between games has done him a world of good


Sports
Himachal Pradesh minister asks BCCI to change India-Pakistan World T20 match venue
Himachal Pradesh minister asks BCCI to change India-Pakistan  World T20 match venue
HP transport minister G S Bali said that during Havaldar Sanjeevan Rana's cremation, he noted anger against Pakistan.


Sports
Shami’s comeback story: From using crutches to bowling again
Shami’s comeback story: From using crutches to  bowling again
During the World Cup, Mohammed Shami would have fluids sucked out of his knee and practice on the day before the match.


Sports
What a shot! 31 amazing sports photos
What a shot! 31 amazing  sports photos
Take a look at 31 amazing sports photos from December 29 through January 4.



Entertainment
Country singer Craig Strickland found dead
Country singer Craig Strickland found dead
Country singer Craig Strickland was found dead near an Oklahoma lake one week after he and his friend went missing.


Entertainment
I’m just beguiled by Irrfan Khan’s magic eyes: Tom Hanks
I’m just beguiled by Irrfan Khan’s  magic eyes: Tom Hanks
Tom Hanks believes his "Inferno" co-star Irrfan Khan has a physicality which is very endearing.


Entertainment
Ghulam Ali to perform in Kolkata
Ghulam Ali to perform in Kolkata
Ghulam Ali and his son will be performing at a function in the city on January 12, it was announced in Kolkata on Tuesday (January 5).


Entertainment
Why Netflix Is Banking on Bollywood
Why Netflix Is  Banking on Bollywood
Where high-speed Internet is becoming more common




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