February 11, 2016 - One less Bansal at Flipkart as Myntra's Mukesh quits; senior executive Ankit Nagori to also leave

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk So, if you are famous and influential like Marc Andreessen and use as public a medium as Twitter to vent your frustration at Facebook (whose board you sit on) not getting its way in India, you've got to be careful in not letting your outdated white-privileged views come out. The issue of keeping 'Free Basics' out is a complex one and Facebook's failure is as much a PR disaster (Rs 300 cr spent on lobbying doesn't inspire trust in your 'social mission' to connect everyone) as it was a lack of empathy (we may be poor, but we don't need your data prescription). Give us free internet, we'll take it and probably use Facebook as well; but don't give us your distorted view of what we need (no Google, but yes Babajobs, a portal for blue collar jobs) - Comment Digital One less Bansal at Flipkart as Myntra's Mukesh quits; senior executive Ankit Nagori to also leave Mukesh Bansal has resigned as head of commerce & advertising biz at Flipkart, just weeks after a restructuring that resulted in Binny Bansals elevation as CEO. Complimentary Report : IBM Digital Experience - Exceptional digital experiences are redefining the ways we live and work Users - both individual consumers and business users--simply assume that their online experiences will be rich, engaging, personal and available from wherever they choose. Digital Trai's decision an anti-colonialist idea: Facebook Board member Marc Andreessen Andreessen, or @pmarca as he's known on Twitter, wrote: "Anti-colonialism has been economically catastrophic for the Indian people for decades. Why stop now?" Digital We make in India for the world: Oracle CEO Safra Catz "Our entire product lines are done out of here, India is our front office...it is from where were we serve the world," Catz said.   Love news? Get it all at one place! Coming Soon This time it's not personal! Digital Govt to use BSNL muscle to push internet services DoT chalking out strategy to narrow digital divide Digital Cognizant poor forecast clouds over Nasscom meet Nasscoms annual event in Mumbai is typically a cheery place. But the weak guidance and Cognizants catastrophic commentary on expected growth. Digital Vodafone launches 4G in Mumbai on 1,800 MHz Vodafone, country's second largest telecom operator, launched its fourth generation broadband services in Mumbai Retail Flipkart's biggest exits yet : Mukesh Bansal, Amit Nagori leaving to launch own ventures Two senior executives at India's Flipkart plan to leave, as the country's biggest e-commerce firm fights for market share with rivals including Amazon.com Inc and Snapdeal, backed by Japan's SoftBank Group. Retail Modi's 'Startup India, Standup India' May Look Dicey As Ecommerce Startups Losses Grew To 293% Techstory Modi's 'Startup India, Standup India' May Look Dicey As Ecommerce Startups Losses Grew To 293%Techstory10 February, 2016, India: Recently blown away with the startup business, Government of India launched its campaign 'Startup India, Standup India' to support startup sector of the country under the leadership of Narendra Modi. But after seeing the ...articles  Retail Some online retailers to shut shop in next 6 months, current business model with high costs not sustainable: Kishore Biyani Biyani, Rakesh Jhunjhunwala, take on Flipkart’s Sachin Bansal in panel discussion Retail How Zuckerberg got the blues Success has many parents. And now that the Save the Internet campaign has got a happy ending, there is no doubt that many will clamour for a share of the credit. And they would not be wrong, for it wa Telecom Mark Zuckerberg chides board member over 'deeply upsetting' India comments The Facebook board member lashed out with a poor-taste tweet that appeared to back colonialism, following India’s decision to ban Facebook’s limited free mobile internet Telecom 5 reasons why 4G is not able to excite mobile users in India All of Facebook's clout, advertising blitzkrieg and social media shenanigans failed. Telecom Telenor CEO Sigve Brekke says India strategy hinges on mobile frequency price Telenor will reconsider its India strategy if buying more frequencies in the country becomes unaffordable, Chief Executive Sigve Brekke said. Telecom Facebook is getting into big trouble with two major countries Governments are questioning whether the social network is truly free. Finance Credit quality worries hit bank bond issues Banks rated AA and below have been the worst affected as investors are fearing a rating downgrade Finance India staring at banking crisis; bankruptcy law crucial: Sanger Arvind Sanger of Geosphere Capital Management says the woes of the banking sector need to be dealt with comprehensively. According to him, the bankruptcy law is crucial for banks to recover.. Finance Explained in 5 charts: How Indian banks' big NPA problem evolved over years For years, Indian lenders, especially state-run banks, were engaged in volume game to balloon their balance sheets and appease their promoter (the government). Finance Can PSU banks be a multibagger opportunity for stock investors? Among sectoral indices, the BSE Banking, Auto, Capital Goods and Pharma indices are shed over 1% each. The INDIA VIX is up 4.22% at 22.6450. Software Is wearable technology the future and not just for wellness? Wearables can be used to track eye movement in stores, train employees and even to integrate their medical records   Software How TRAI regulations impact existing services such as Free Basics, Airtel Zero? TRAI’s announcements yesterday around banning differential tariffs for data services came as a huge victory for net neutrality supporters. From the time of the issue of the consultation paper, TRAI made it clear that it was only addressing the issue of differential tariffs.   Ecommerce One less Bansal at Flipkart as Myntra's Mukesh quits; Chief Business Officer Ankit Nagori to also leave Weeks after the top-level rejig at Flipkart, its head of commerce and advertising business Mukesh Bansal has put in his papers. Flipkart's Chief Business Officer Ankit Nagori has also quit the firm to start an entrepreneurial venture in the sports Ecommerce Oyo Rooms, run by Oravel Stays Pvt. Ltd, buys Zo Rooms in an all-stock deal after nearly three months of negotiations The deal concluded after Zo Rooms, run by Zostel Hospitality, could not convince investors to put up fresh funds Ecommerce Amazon India will not refund smartphone purchases, to offer free replacements instead Amazon India has made a few changes in its Return Policy on purchase of smartphones. Henceforth, buyers will no longer receive straight-cut refunds on purchases on or after February 7. Ecommerce Offline to online: Paytm now allows mobile, appliances retailers to sell on ecommerce platform Paytm is tying up with mobile and large appliance retailers to list their brick-and-mortar stores on its ecommerce platform as part of its omni-channel strategy. Franchise Franchisee Journey: From health-conscious corporate employee to Jamba Juice franchisee improving the health of thousands Panos Joulios, a career-entrepreneur in the restaurant industry, loves promoting healthy living at his several juice joints across Arizona and California. Franchise How to pull some funds together to launch your franchise dream How to finance your franchise: From analysing your assets and liabilities, and weighing up costs, to wooing money-lenders. HR Flipkart Says Senior Executives Bansal and Nagori to Leave Flipkart Pvt., India’s biggest e-commerce company, said that Mukesh Bansal, who founded the Myntra.com apparel retailer, and was the head of the company’s core marketplace business, has resigned from the role. HR Backward class body for 27% quota in private jobs Private companies in India need to set aside a fixed proportion of jobs for people from marginalised sections, a statutory government panel has recommended, reviving the debate of extending employment quotas to private sector. HR Marquee investment firms on the hunt for local talent The global funds, which currently operate in India now want to have teams to secure potential deals and manage their portfolio companies here. HR After Binny's elevation as CEO, Mukesh quits Flipkart Just a month after the change of guard at Flipkart, Mukesh Bansal, head of the etailer’s commerce and advertising business, has resigned. Logistics Reopening of India-Nepal border crossings to ease fuel transport, reduce risk of protests spreading to Kathmandu, 17 oil tankers sent on 9th feb Nepalese national media confirmed on 9 February 2016 that at least 17 oil tankers had entered Nepal from India via the main Birgunj-Raxaul border crossing.   Logistics Indian Railways may gain around Rs 5000 cr through 10% fare hike May gain around Rs 5,000 crore through 10 per cent hike Logistics Maharashtra govt approves Rs 100 crore for Shirdi airport State to finish Shirdi airport on its own before Sai Baba utsav - "Instead of going in for the PPP model, the cabinet decided that the state government will finish phase II of the Shirdi airport project on its own," a senior state government official told dna. Logistics Make in India for Scania; more buses to be fabricated in India and use of ethanol as a green fuel to be increased Make in India: Heavy mover Scania, which has been exploring opportunities for a grip in the Indian truck and bus market, today announced their plans to further foray to the territory with two of th… Construction Reliance Infra looking to sell road assets portfolio The group has been selling its assets across companies in an attempt to cut debt even as it expands its focus on the manufacture of defence equipment Construction Rentals rise by 10% in NCR's Cybercity, Bengaluru's Koramangla due to growing demand from startups The demand from e-commerce is generally directed towards quality Grade A spaces which provide large floor plates Construction Government to provide housing in less than Rs 5 lakh: Nitin Gadkari Apart from focus on building smart cities, providing affordable houses to the poorest of the poor also tops the agenda of the Narendra Modi government.. Construction NBCC Q3 net profit rises by 13.56 per cent to Rs 57.28 crore Company's net profit stood at Rs 50.44 crore in the year-ago period Marketing CMOs needs to be data-driven : says James McQuivey, Forrester James McQuivey, Forrester, VP and principal analyst, said, “I tell CMOs that consumer behavior has forever changed. People now engage not in technology adoption, but technology hyper-adoption.”   Marketing Of Asaram Bapu, Valentine's Day and Some Regressive Advertising : Report Say no to Valentine's Day, 'worship' parents on February 14: Ads in Delhi Metro - The ads bear two contrasting pictures; one showing two kids worshipping their parents and the other showing a young couple holding each other's ears as policemen stand nearby. Marketing Marketers must not fall prey to the viral trap : KS Chakravarthy MUMBAI: Speaking at Association for Data Driven Marketing and Advertising (DDMA) India Annual and Awards on Greatness -- The New Minimum For Survival, digital marketing and social media agency Liqvd Asia CCO KS Chakravarthy (Chax) points out that accepting the changing role of advertisers and consumers is the bare minimum for the digital world that marketers are operating in today. | 'Marketers must not fall prey to the viral trap:' KS Chakravarthy | Indian Television Dot Com Marketing India's market dynamics are impacting digital business implementation : study By 2017, 80 percent of consumer-facing companies will fail to realize ROI on investments in digital technologies due to country’s market dynamics an.. Politics A Facebook Director Thinks Anti-Colonialism Has Been Terrible For India Marc Andreessen, a leading Silicon Valley figure, the founder of the venture capital firm Andreessen-Horowitz and a member on Facebook's board of directors, has sparked off a wave of protests online a Politics Guess who’s after the Hindu vote in Kerala? (Hint: It’s not the BJP)   A man called Vellapally Natesan, with blessings from the BJP, has been trying to make Kerala less of a mad house by welding together the many Hindu castes Politics Arunachal crisis: Governor can’t curb speaker’s powers under anti-defection law, says Supreme Court The "governor may have some role in the functioning of the assembly, but he has no role to play in the Tenth Schedule (anti-defection provision)", the SC said. Politics Sabarimala Temple Row: Tharoor Says Constitution Doesn't Allow Gender Discrimination THIRUVANANTHAPURAM -- Amid the row over Kerala's Sabarimala temple denying entry to women, Congress leader Shashi Tharoor on Wednesday asserted the Indian Constitution does not permit gender discrimin Sports Reebok India dips into participative sports with Volano deal Print Live Sports Pakistan drop Ahmed Shehzad, Umar Gur for World T20, Asia Cup Pakistan include pacer Rumman Raees, all-rounder Muhammad Nawaz and Test opener Khurrum Manzoor. Sports Lance Naik Hanumanthappa is a fighter, praying for him: Sachin Tendulkar Sachin Tendulkar offers his prayers for Lance Naik Hanumanthappa who is presently fighting for his life in hospital. Sports World T20: India will be a big challenge, says Shane Watson Shane Watson picked India as the toughest team to beat at the next month's World T20. Entertainment Mallika Sherawat meets ‘charismatic’ President Barack Obama Actress Mallika Sherawat, currently in the US, says she has had the "good fortune" to meet President Barack Obama again. Entertainment ‘The Revenant’, other Oscar contenders to be screened in India Hollywood movies like Alejandro Inarritu's "The Revenant", "The Danish Girl" and "Spotlight", will be screened in India as part of 'The Oscar Film Festival'. Entertainment It’s an honour to direct Deepika: ‘XXX 3’ director Bollywood actress Deepika Padukone has shot just a few scenes of "XXX: The Return of Xander Cage" yet but the film's helmer DJ Caruso is already in awe of her. Entertainment I have experienced tremendous love and hospitality in India: Fawad Khan There is no doubt that Pakistani actor Fawad Khan has been welcomed with open arms both by India and Bollywood something that the actor himself acknowledges. 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