March 11, 2016 - Mu Sigma founder Dhiraj Rajaram sued for 'misleading' early investor

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk At a recent conference, when asked about disruptive business models, Uday Kotak was honest in admitting that he wakes up every day wondering what technology disruption would affect the banking sector. Few business leaders have woken up to the scale of technological change coming, as suggested by this study done by GE. Most old-industry CEOs are looking at incremental changes from using technology to improve productivity or cut costs. In the mean time, nimble startups in alternative energy, biomedical engineering, internet of things could upend incumbents (the Kodak effect). So how can large companies make sure they don't become obsolete? Incumbents have too much to lose, so they are unlikely to take the risks required to shake up their own industry. Also, bureaucracy and inertia slows decision-making. What they can do, is partner with tech upstarts through incubators/accelerators and startup forums, acquire good startups for both talent and technology and generally be open to new ideas both within and outside the firm. This sort of thinking starts at the top - Comment Digital Mu Sigma founder Dhiraj Rajaram sued for 'misleading' early investor Walworth had pumped in $1.5 million into Mu Sigma in 2006. Rajaram bought back Walworths shares in the IT firm for $9.3 million in 2010. Advt: View your FREE Gartner presentation: How to Take a First Step to Advanced Analytics This presentation will provide you with the fundamental information you need to understand the requirements for getting started with advanced analytics, and planning for the new skills and tools needed. In this presentation Gartner Research Director, Lisa Kart will answer a number of key questions including: • What are best practices to get advanced analytics initiatives off the ground? • What are the choices for Hadoop architecture and deployment?   Digital Roadrunnr and TinyOwl in early stage of merger talks The talks, which have been going on for a few months now, are still at a preliminary stage, the sources said. Digital Viacom18 readies for OTT platform launch Ropes in technical partners Advt: Improve your Strategic Plans using the Gartner Predicts tool. Last date for Early Bird Discounts for IODC 2016. Register Today! Gartner analysts share their top predictions for 2016 and beyond. As the digital wave advances, Gartner analysts discuss the future of I&O and its implications for end-user organizations and solution providers. Use Gartner Predicts as planning assumptions on which to base your strategic plans.   The Responsible Business Summit Asia 2016 - Empowering Suppliers & Engaging Customers Leverage value chain opportunities and minimise supplier risks to ensure business longevity. The Responsible Business Summit Asia 2016 will bring together leading supply chain, procurement and sustainability professionals to discuss and understand why value chain sustainability is vital for commercial growth. Digital Self-driven cars rental marketplace JustRide raises $400K in angel funding Redcliffe Capital’s Dheeraj Jain participated in this round. Digital Microsoft Ventures’ latest batch of 12 startups have raised $18 million together When startups that have already raised funding decide to apply for an accelerator, you know they’ve got big plans.   Digital Ola shuts food and grocery delivery service In the race to win, the two companies have tried a bunch of different services and customizations to woo Indian consumers, including motorbike taxis, wifi-enabled cabs, and cash payments.   Retail India is not our first priority for retail expansion: Versace's Gian Giacomo Ferraris Interview with Chief Executive Officer, Gianni Versace SPA Retail Kishore Biyani led Future Group to bring out ads using word play to target rivals Flipkart, Amazon, Snapdeal Future has fired ad shots at ecommerce before. For instance, “You can't take the nation for granted even for a day,” was aimed at Flipkarts Big Billion Day sale in 2014. Retail Kishore Biyani's new secret sauce: Holacracy Kishore Biyani has identified nine intrapreneurs who would run parts of Future Consumer’s business as if they owned it Retail Lenovo ties up with Paytm to offer sops for distributors, sales, representatives Payments, which earlier used to take weeks, will now be instantaneous, a move that the company said will help attract more sales representatives to sell Lenovos tablets, laptops, desktop computers and servers to businesses. Telecom Bharti's Mittal warns on Indian 4G threat from Reliance Jio Infocomm Telecom Freedom 251: Make in India blitz or a farce? How can a phone which was bought for Rs 3600 be sold for Rs 251? Do the tall promises being made by Ringing Bells hold up? Or is the dream of the Rs 251 phone too good to be true? This is an India Today exclusive. Telecom Call drops in India much higher than global average: Survey A survey has found out that on average 4.73 per cent of calls get dropped in the country, much higher than the global average of three per cent.By the RedMango Analytics report, 59.1 per cent of dropped calls were due to poor quality and 36.9 per Telecom 'Work from home' online fraud most prevalent in India The average financial loss per person is ₹8.2 lakh, says Telenor study Finance Vijay Mallya has left India: Why is pro-poor RaGa mum? Why is govt hesitant? Why the politicians are largely silent on the Kingfisher issue? Are they under some oath not to speak? The desperate, late-fought battle of a clutch of 17 - Firstpost Finance The debt troubles of Jindal Steel and Power Jindal Steel and Power equity investors appear unperturbed by the company’s debt getting a default rating, if the share price is a reliable indicator Finance Govt, RBI move in step on banking sector clean-up The government and the RBI are both chipping in to ensure that a capital cushion is available to banks as they go through clean-up Finance Crompton: succour from sale of ailing overseas business Crompton Greaves on Wednesday inked an agreement for the sale of its international power business for €115 million, which has brought a ray of hope for investors in the beleaguered firm Software UC Browser inks cricket content deal with Twitter and Microsoft Bing UC Cricket provides complete cricket content such as live score, news, videos, tweets, photo, stats, previews, commentaries, etc. Software India among nations most vulnerable to cyberattacks The US ranked 11th safest, while several Scandinavian countries including Denmark, Norway and Finland ranked the safest, researchers said. Ecommerce Flipkart invests another Rs338 crore in Myntra; Fresh funds come at a time when fashion store's nearest rival,Jabong, is struggling Fresh funds come at a time when fashion store’s nearest rival, Rocket Internet-backed Jabong, is struggling Ecommerce Online marketplace ShopClues plans to hire 1,500 employees by December across various roles in products and technology, categories and management ShopClues recruits from institutes like the IIMs, SP Jain Institute of Management and Research, Faculty of Management Studies. Ecommerce Amazon just leased 20 cargo planes to build its own in-house delivery network, allowing it to take care of its own deliveries and rely less on third-party shippers It will help Amazon build out its in-house delivery network, allowing it to take care of its own deliveries and rely less on third-party shippers like.. Ecommerce Hotels check out of Oyo, Zo after unhappy stay; More than 200 hotels end ties with leading aggregators Oyo Rooms and Zo in the last five-six months More than 200 hotels are estimated to have ended ties with leading aggregators Oyo Rooms and Zo in the last five-six months. Franchise Franchisee Journey: From son of world's first Gloria Jean's franchisee to owner of Gloria Jean’s franchise mulling expansion More than two decades ago, Ross Drever took over the world's first Gloria Jean's Coffees franchise. Its founder, in 1986, was his dad. Franchise Using omni-channel retailing as an effective way to increase your relevance as a retail franchise Click inside to read how to Get Ahead of the Curve: It’s Time to Start Omni-Channel Retailing. HR Tata Motors, IIT-B in tech, manpower partnership Tata Motors, India’s largest commercial vehicle manufacturer, has signed a memorandum of understanding (MoU) with IIT Bombay (IIT-B) to create a technological partnership for meeting its technological HR Tata set to select new AirAsia India CFO amid claims of foreign control Airline’s new chief executive officer, however, will be nominated by AirAsia Bhd HR 10 top jobs women never had in India Even as women break barriers, there remain a few top jobs where the glass ceiling has never been broken in India, with most of these jobs being in govt depts HR Electronic payment adds more jobs in India The increased use of electronic payment products, including credit, debit and pre-paid cards has ... Logistics India okays bill to develop 11 rivers as transport routes into national waterways, one of which will also be a seamless path into Bangladesh Indian parliament gave its nod to a bill to convert 111 rivers across India into National Waterways, one of which could Logistics Banks seize 3 trademarks of Vijay Mallya's Kingfisher Airlines, total outstanding at $1.4 billion A consortium of Indian banks led by State Bank of India that sought the help of the Supreme Court of India to recover a loan amounting to $1.4 billion from defaulter Vijay Mallya has taken possession of 9 trademarks related to his defunct company Kingfisher Airlines. Logistics India, Afghanistan, Iran to hold trilateral meet on transport agreement between the three countries India, Afghanistan and Iran will hold a trilateral meeting next month to finalise an agreement on transport and transit between the three countries, a senior government official said on Thursday. Construction Changes to MMDR Act positive for Cement firms Union cabinet clears proposal to amend the mines and minerals law to allow the transfer of captive mines granted through non-auction routes Construction Impact of real estate bill on developers and home buyers? The bill has widened its scope by going beyond the recommendations made by select committee in December Construction 10 things you should know about Real Estate Regulator Bill The Rajya Sabha passed the Real Estate Regulator Bill, which will help regulate the sector and bring in clarity for both buyers and developers Construction Sanjay Dutt, Cushman Wakefield says Buyers will now be paying only for the carpet area The Bill aims to bring in transparency in the real estate sector, thereby, encouraging investments from foreign and domestic financial institutions an.. Marketing Decoding Micromax’s Next Phase Of Marketing Growth : Report 2015 has been the year of ups and downs for India’s second-largest phone manufacturer Micromax. South Korean technology giant Samsung continued to lead the Indian smartphone market during the calen… Marketing Khadi needs marketing, tech push to widen appeal : Report Moral Fibre Fabrics, manufactures eco-friendly fabric, clothing including khadi in India and who has supplied khadi to Hollywood as well feel that Made in India’s fabric Khadi is slowly but steadily generating interest in the West. To widen its appeal, there are certain issues which the sector needs to address, said Shailini Sheth Amin, the creative mind behind the Ahmedabad based company. Marketing Millions of views is not a measure of advertising effectiveness : Report Advertising. Brands. Apple. New Media Marketing ASCI reaches out to consumers to lodge complains : Report ASCI is going to connect with consumers and curb misleading advertisements by accepting objectionable advertisement complaints from consumers on Whatsapp. Politics Malayalam Daily Mathrubhumi Forced To Apologise For 'Offensive' Remarks On Prophet Mohammad On Wednesday, Mathrubhumi, a leading Malayalam daily in Kerala, faced a lot of outrage on social media for reproducing an ‘offensive’ comment about Prophet Muhammad. Many Muslim organi Politics Sri Sri Ravi Shankar Says He Won't Pay 5 Crore Fine For AOL Event On The Yamuna NEW DELHI -- A day after the National Green Tribunal slapped a Rs5 crore fine on his Art of Living Foundation for damage to the Yamuna floodplains while organizing the mammoth World Culture Festival, Politics Vijay Mallya Tracked To Country Home In London Amid Opposition Fury In Parliament Liquor baron Vijay Mallya, who is facing legal proceedings for allegedly defaulting loans of over Rs 9,000 crore from various banks, has currently sought refuge in his country house on the outskirts Politics “This kind of terror, we have not seen before”: An Interview With the Lawyers Evicted From Bastar in Chhattisgarh Isha Khandelwal and Shalini Gera were evicted from Bastar in Chhatisgarh, where they ran a non-profit offering free legal aid to the region's adivasis. Sports India vs West Indies: In warm-up, Rohit Sharma hits 98*; Jasprit Bumrah keeps form going Rohit Sharma hit 98* before four bowlers picked two wickets each as India beat West Indies by 45 runs in warm-up. Sports Irani Cup: Rest of India chase 480-run target set by Mumbai, lift title Rest of India prevented the 41-time Ranji Trophy champions Mumbai from lifting the Irani title for the 16th occasion and the first since 1997-98. Sports All England Championships: B Sai Praneeth stuns Lee; Saina Nehwal reaches quarters Saina Nehwal sailed into the quarterfinals with a 21-16 21-9 win over Busanan Ongbumrungphan in the second round. Sports Maria Sharapova’s peers stunned after revelation, but support doping system Maria Sharapova has got vocal support from fellow Russian Svetlana Kuznetsova but other players have taken a less charitable view. Entertainment Sonakshi Sinha enters Guinness World Record for nail painting Sonakshi Sinha has become a Guinness World Records title-holder for setting a record for 'most people painting their fingernails simultaneously'. Entertainment Priyanka Chopra promises action, deception in ‘Quantico’ Priyanka Chopra will return as Alex Parrish with "Quantico" after mid-season break. Entertainment Kalpana Lajmi on failing health and financial trouble reports: I am being well taken care of Contrary to reports doing the rounds about Kalpana Lajmi's failing health, it now emerges that the veteran director is recuperating well. Entertainment People confuse reel chemistry with real life: Farhan Akhtar Farhan Akhtar says people sometimes confuse onscreen chemistry of actors with their real life. TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. 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