March 29, 2016 - Uber vs. Uber's clones: Infographic

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk Helicopter money is a reference to an idea made popular by the American economist Milton Friedman in 1969. The basic principle is that if a central bank wants to raise inflation and output in an economy that is running substantially below potential, one of the most effective tools would be simply to give everyone direct money transfers. In other words, print more money and give it to the people. In theory, people would see this as a permanent one-off expansion of the amount of money in circulation and would then start to spend more freely, increasing broader economic activity and pushing inflation back up to the central bank's target. Direct transmission could be more effective than QE, which relies on trickle-down effects from financial markets and doesn't expand the overall money supply. Prolonged QE has probably set the foundation for the next asset bubble already. The challenge is that if helicopter money works, governments will be tempted to use this even in good times, leading to chances of hyperinflation - Comment Digital Uber vs. Uber's clones: Infographic These days, watching Uber’s quest for global expansion and competitors’ attempts at one-upping the American company is a bit of a reality show itself. Uber has many rivals – Tracxn has to slip in a disclaimer that it only included three clones per geography – but there’s still plenty of money to be made in the business.   Advt: Looking for a Board Advisor? Leverage the expertise of a premier new-age Board Advisory firm. The Firm’s team has advised clients spread across SMEs, large Indian Conglomerates, Institutional Investors, Fortune 500 Corporations and Government Authorities.   Digital Good Friday: Why wasn't the Friday "really really" good for these two ecommerce biggies In India, where ecommerce is seeing breakneck growth, taking up any opportunity to promote sales has become a pretty standard deal. There are Diwali sales, Christmas deals, regional celebrations , and in true American fashion, even back to school campaigns.   Digital Paytm appoints Alibaba executive as president It recently appointed its yet-to-launch payments bank's CEO. Advance to a Proactive I&O Organization in Four Steps Advancing I&O maturity increases the value that I&O delivers. This essential piece of Gartner research shares 4 easy steps to advance your I&O organization. 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 School products marketplace Schoolkart raises $300,000 from 12 angel investors Schoolkart.com, an online marketplace in the school and education products domain, has raised $300,000 (around Rs 2 crore) in funding from 12 angel investors. The online school products space is slowly picking up with already a couple of firms setting up shop. EschoolBuddy and Fastudent.com, Digital Flipkart’s app-only experiment with Myntra was a disaster. Data proves! One of the biggest stories last year in India was fashion app Myntra, owned by ecommerce leader Flipkart, going app-only. From mid-May onwards, anybody who tried accessing the Myntra mobile site on a browser was redirected to its app.   Digital FreeCharge partners with CCAvenue, to offer customers access to 1 lakh online merchants With this, FreeCharge is the fastest growing wallet in the country and well on its way to being the Digital Payment Operating System of India. Retail Ecommerce in India; Flipkart loss Rs 2000 cr, Amazon India loss Rs 1723.6 cr, Snapdeal loss Rs 1328.01 cr; discounts fall Ecommerce in India: Top cos awash in losses; Flipkart loss Rs 2,000 cr, Amazon India loss Rs 1,723.6 cr, Snapdeal loss Rs 1,328.01 cr; big online retailers like Flipkart, Amazon India, Snapdeal, Myntra, Jabong and Shopclues, among others, are waking up to the harsh realities of business. Offering discounts for the past few years might have got them loyal customers, but the mounting losses are now too big to ignore, not to mention the heat from investors breathing down their necks. That means there is more bad news for the consumers, as discounts are expected to show a fall across the board. Retail Amazon to Flipkart clash in India's nascent e-commerce market India is shaping up to become the next big e-commerce battleground for global players from Alibaba and Amazon to local champions Flipkart and Snapdeal Retail Pantaloons partners Snapdeal to boost online presence Move to help garner additional sales Retail Myntra in talks to take over Forever 21's retail chain in India Forever 21 entered India half a decade ago and has changed a partner already before tying up with DLF Brands but hasnt been able to scale up business. Telecom India has the slowest Internet speeds in Asia, but things are changing slowly The country's average Internet speed is a fifth of the US's and a ninth of South Korea's, a new report says. Telecom The Digital India opportunity for Indian Telecom operators The Indian telecom services industry is consistently plagued with scarcity & high cost of spectrum, resulting in serious cost challenges in expanding quality networks. It is worth noting that for every 10% increase in mobile penetration there is a 1.2% increase in GDP.   Telecom Mobile Virtual Network: an idea left for too late? What is common to Disney Mobile, Mobile ESPN, Amp’d Mobile and Qwest? All of them have tried to get into the telecom business as a Mobile Virtual Network Operator (MVNO) – and failed.   Telecom Telecom Commission poses queries to Trai on spectrum recommendations The government looks doubtful about the success of a mega spectrum auction planned for the middle of the year and has suggested a re-look at the airwaves sought to be sold in the 700 MHz band and also the pricing suggested by telecom regulator Trai.   Finance IDBI Bank claims strike failed, unions say near success Chennai, March 25 (IANS) The decision to strike work for four days starting March 28 by some young officers in the IDBI Bank has put even seasoned bank union leaders in a spot, who stress that there is no split in the bank officers union. Finance GAAR still remains an irritant for FIIs, doubts persist over FII structure There is confusion over how tax authorities will determine "commercial substance" to consider FII eligibility for claiming treaty benefit. Finance How many billionaires are self made? Data shows that 63% of the world’s billionaires are self made, and their wealth accounts for about 59% of the total wealth of billionaires worldwide Finance Sebi to revise rules to reinstate discretionary power on penalties The Securities and Exchange Board of India will start to determine penalty amount keeping a company’s net worth in context Software How mobile browser is making a comeback and challenging apps? Companies arent yet ditching the app, but are revisiting their development labs to come out with mobile sites accessed from browsers. Software Accenture steps up competition with the Indian IT Companies, says report Global IT major Accenture surprised the Street after reporting strong second quarter earnings for the quarter ended February 29, led by strong growth in its consulting business, Software Dell services President Suresh Vaswani may exit Dell post integration with Japan's NTT Data Suresh Vaswani may exit from the combined entity to pursue other opportunities after helping with integration of Dells IT Services business with Japans NTT Data later this year. Software Tech Mahindra joins GE’s Digital Alliance Program : Will train 1000 developers on Predix The company said it has already invested in an Industrial Internet lab to allow for GE and other companies to pilot solutions in a controlled environment. Ecommerce 60% of Bengaluru's youth between ages 12 and 18 shop for electronic gadgets online: Survey In what can be seen as a testament to the IT city's growing fondness for e-commerce, a recent survey indicates that 60% of Bengaluru's youth between ages 12 and 18 shop for electronic gadgets online. Ecommerce Flipkart's engineering, advertisement units to report to CTO Peeyush Ranjan Flipkart has consolidated all its engineering teams under chief technology officer Ranjan, as the online retailer looks for synergies across its growing technology groups. Franchise Franchisee Journey: From part-time customer service representative at One Hour Air Conditioning & Heating to franchisee Mandy Solis considers herself lucky to have had a mentor who 'never treated me differently because I was young or a woman.' Franchise Franchisor Zone: Recruiting the right franchisees for better franchise growth HR 13 Great Jobs for People Who Love to Travel Do you dream of quitting your job and hopping on a plane to see the world? You don't have to leave the workforce — or even drain your bank account — to spend HR Teachers get makeover, 5500 being hired To Be Trained At Prestigious Univs; Vocational Education, Extra-Curricular Activities Get A Fillip HR Young startup leaders lead from the front Leadership experts say leading in startups and leading in large established organisations are two different ballgames. In startups, everyone has high energy and high level of excitement. HR Very cheap, low-range electric cars key for China, India: Nissan CEO Ghosn Carlos Ghosn, who runs automakers Nissan and Renault, is one of the few auto executives who'll regularly take questions from a roomful of more than 100 journalists. At last week's New York Auto Show, many of the questions concerned plans by the Renault Nissan Alliance for more and higher-volume... Logistics Tata Sons to buy out Arun Bhatia from AirAsia India Two of AirAsia India’s directors — Chairman S Ramadorai (formerly Vice-Chairman of Tata Consultancy Services) and R Venkataramanan, trustee, Tata Trusts — have agreed to acquire 0.5 per cent and 1.5 p Logistics GVK divests 33% stake in Bengaluru airport to Fairfax at INR 2149 cr Airport operator GVK Power & Infrastructure Ltd has sold a 33 per cent stake in Bengaluru airport to Canada's Fairfax Financial Holdings to reduce debt, the company said in a statement on Monday. Fairfax will pay $322.75 million for the stake, GVK said in a statement to the stock exchange. Logistics Railways to scrap half-fare tickets for kids from April 22, will not be alotted reserved births The Railways would be able to allot around 20 million berths in a year to other passengers, boosting its revenue by Rs 550 crore. Logistics Air India monopoly on Gaya-Delhi route hits Gaya flyers, timings inconvenience flyers Construction RBI Governor Raghuram Rajan warns against side-effects of aggressive monetary policies RBI governor Raghuram Rajan says aggressive monetary policy actions by one country can lead to measurable and significant cross-border spillovers on other economies Construction Relief for Kanpur civic body after government accepts renewed smart city project In its new project, the new company besides removing shortcomings of the earlier project would focus on parks, roads and drainage system of the select.. Construction Commercial space transactions pick up in Kolkata The city saw about 2.17 million sq ft of new construction in 2015 which is almost double than the previous year Construction Pune civic body to have a separate cell to steer smart city projects The cell will have people from different sectors who will get expertise, advice and technical support and help the administration to carry out civic p.. Marketing Marketers will waste money by not adapting to digital : says Mark Henning Millward Brown released its annual Digital and Media Predictions report last month. With steps towards ROI defining measurements getting serious and marketing on the digital platform...   Marketing KFC ties up with Mumbai's iconic dabbwalas to launch meal boxes in India : Report KFC launched its 5-in-1 meal box in India with an unusual collaboration with Mumbai's 125-year-old iconic food delivery network dabbawalas. Marketing How to fix your leaky marketing or sales funnel : Report Your company blog gets 10,000 visits per month. Of these, 2,000 visitors sign-up for your email newsletter. However, only 18 sign up for the free trial and only 12 end up purchasing your product. What does all of this mean? It means that your sales/marketing funnel is leaking. says , Marketing Aadhar initiative and Make in India campaign: Promoting products or services that don't deliver is a waste of money The Make in India campaign has been spectacular, but in the chambers of commerce, the question is debated: have things on the ground really changed? Politics Make India so great that they want to chant ‘Bharat Mata ki Jai’: RSS chief Mohan Bhagwat RSS chief Mohan Bhagwat on Monday said nobody needs to be forced to raise it and that efforts should be made to build a great India that is hailed across. Politics Breakdown of governance or murder of democracy? All you need to know about the Uttarakhand crisis Here is all you need to know about the political crisis in Uttarakhand. Politics We have to unite against forces like RSS, ABVP and BJYM to safeguard the Constitution: Kanhaiya to students in Pune JNUSU president Kanhaiya Kumar on Monday accepted an invitation extended by a students' group in the city to take part in a discussion in Pune. - Firstpost Politics To The Lahore Victims: Grief And Prayers Are All I Have, Forgive Me The posters we share, the solidarity profile pictures, or the quotes we retweet--do they give recourse or relief to the children brutally awakened from the innocent bliss of childhood to face the grim reality of the world we live in; to the mother who lost her toddler son; to the man who lost his companion of decades; to the families whose celebration turned into loss because one man decided blowing up a park is what God wants. Sports India vs West Indies: Lendl Simmons and Manish Pandey back in the mix Lendl Simmons will arrive in Mumbai on Tuesday, two days prior to West Indies’ much-anticipated semi-final encounter against India. Sports Stern Turkmenistan test awaits India, Sunil Chhetri doubtful India have welcomed their captain Sunil Chhetri back into the squad after missed out against Iran due to a groin injury Sports Virat Kohli vs Sachin Tendulkar in ODIs The cricketing world has always seen the Delhi dasher as a somebody who break any record when he is on song. Sports Shiva Thapa, L Devendro Singh enter quarters of Asian Olympic Qualifiers Shiva, seeded top in his category, outpunched Korea's Myeongkwan Lee 3-0 to enter the last-eight stage while Devendro defeated Mohammad Fuad. Entertainment It is a triple joy: Dhanush on National awards for ‘Visaranai’ With his production venture "Visaranai" bagging three National Awards including best Tamil film, Tamil film star Dhanush today said the joy was "triple." Entertainment Being part of Baahubali is like an award in itself: Tamannaah Bhatia Actress Tamannaah Bhatia expressed her happiness at Baahubali having won the national award for Best Film. Entertainment I love India because this is my home: ‘The Jungle Book’ actor Child actor Neel Sethi, who will be essaying the role of Mowgli in the new "The Jungle Book", says he loves India because it is "home." Entertainment National Film Awards: Malayalam filmdom just stays afloat The Malayalam filmdom just about managed to stay afloat this year, bagging the best music director, best child artiste and a special mention for acting in the feature films category. 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