April 13, 2016 - Uber takes on Ola with fare cuts in 10 non-metros

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk Over the weekend, I was fortunate to meet two gentlemen who are using the power of education to transform the next generation of India. Ramji Raghavan's Agastya International Foundation is instilling scientific curiosity in the minds of rural children all over India. It reaches over 1.5 million children and 250,000 teachers every year through its mobile science fairs and its campus in Andhra Pradesh. Backers include Rakesh Jhunjhunwala, A M Naik and Narayana Murthy. In far flung Ladakh, another visionary, Sonam Wangchuk is transforming Ladakh (and its school system) using smart engineering and science, including the use of innovative ice stupas to solve water problems. Sonam seems to be the inspiration behind Phunsuk Wangdu in the movie 3 Idiots - Comment Digital Uber takes on Ola with fare cuts in 10 non-metros Taxi aggregator Uber has cut fares by up to 22 per cent in 10 non-metro cities including Pune and Ahmedabad, a move that will intensify competition with domestic rival, Ola. While fares have been slashed by 9 per cent in cities like Indore and Nagpur, the same has been cut by 22 per cent in Jodhp Announcing the Bengaluru edition of Techcircle Startup 2016; registrations open now The Bengaluru edition of Techcircle Startup will provide a comprehensive insight on the startup ecosystem in and around Bengaluru bringing together cutting-edge and disruptive early-stage startups, current and potential investors, angels, seed funds, incubators, accelerators & mentors, along with many of India’s most active VC/PE funds. Digital Bloomberg unveils new JV with Raghav Bahl-owned Quintillion Media to deliver business news in India The partnership will cover broadcast, digital and live events across India, serving business and financial news to one of the fastest-growing economies in the world. Digital Angel investor and Innov8 founder Ritesh Malik not very fond of startups run by IITians. Here's why At the time when investors look for the IIT tag before backing a young entrepreneur, this angel investor prefers to keep away from IITians. In an interview with Techcircle.in, Ritesh Malik, founder, Innov8, and an active angel investor, says that he is not very fond of investing in startups founde Advt: The Power of a Great Digital Hospitality Experience A tsunami of game-changing digital disruptors has swept into the hospitality industry, raising the stakes in delivering the supreme guest experience. Join Chinmai Sharma, Chief Revenue Officer, Taj Hotels Resorts and Palaces, at Adobe Symposium to get insights into how Taj Hotels plan to bring alive experiences directly from each of their fantastic hotels to screens around the world with breathtaking velocity. Complimentary Registration (for TradeBriefs subscribers).   Digital KPMG launches Digital Village to fill a crucial gap in the startup ecosystem Incubators, accelerators, and other startup support programs abound in every startup hub in the world today. Many of them are giving stellar support to fledgling startups. But much more can be done to fuel innovation and commercialize it, believes KPMG, one of the world’s biggest auditing and financial services companies.   Digital Venture Catalysts invests in fintech startup LenDenClub This investment in LenDenClub is in line with the vision of Venture Catalysts to promote innovation and tech-driven entrepreneurship in the country. Digital Housing partners with taxi aggregator Uber to offer cab booking option Realty portal Housing.com today said it has tied up with taxi aggregator Uber to provide home buyers option to book cab for site visits. Retail Biyani's Brand Factory speeds up expansion in bid to take on e-tailers Renewed thrust comes after govt on 29 March allowed 100% FDI in online marketplaces but prohibited them from offering huge discounts Retail Zara leases 50,000 sq ft largest retail space by international brand in India A heritage building in the Hutatma Chowk area in south Mumbai will soon be the largest retail space in a high street for a foreign brand in the country. Retail The biggest opportunity in India is e-commerce: Vijay Govindarajan The most important requirement for the three-box solution is that the CEO must allocate resources separately for the core business and the new venture, says Vijay Govindarajan Retail Levi Strauss seeks nod for direct retail Levi Strauss & Co, the maker of the popular Levis denim jeans, has sought the governments permission for converting its existing local wholesale entities into retail. Telecom Mobile phones to come with dedicated SOS button in India from 2017: Report Just pressing the dedicated SOS key would send an alert to the nearest police station and to select family and friends to get immediate assistance. Telecom Tech 101: What Is Spectrum, and Why Is It Being Auctioned? A basic primer to understand the meaning of spectrum, and how it is being used in India. Telecom Telenor India to roll out 4G LTE services in 6 telecom circles by the end of 2016 Telenor India, which claims to be the most economical telecom network, anticipates to have 4G services in six circles by this fiscal's end. Telecom UIDAI asks ecommerce companies to stop enabling Aadhaar data collection The Unique Identification Authority of India (UIDAI) has asked ecommerce companies like eBay, Flipkart, Amazon etc., to not allow merchants on their platforms to collect Aadhaar information from the general public for printing Aadhaar cards. Doing so or aiding people doing it, will invite a crim Finance How PNB is feeling the pinch from wilful defaulters at both ends Analysis of PNB’s lists for Dec 2014 and Feb 2016, during which number of wilful defaulters rose 2.6 times, shows how truant borrowers are biting the bank Finance PureCircle set to invest $200 million over 5 years in India Funds to be spent to cultivate stevia (meethi tulsi)—a shrub whose leaf extract is a natural sweetener—and to set up supply chain and processing units Finance Supreme Court seeks RBI’s report on action against bad loans The apex court castigated India's banks for failing to go after big defaulters and blamed them for only going after the small fry. Finance Depreciation account: In NPA drive, banks sitting on a scrap head “In India, we have a lot of industrial parks that are full of empty sheds,” Reserve Bank of India Governor Raghuram Rajan said recently. Software What to expect from financial results of Indian IT companies? Coincidentally, Infosys results come out on a day, 15 April, when the markets are shut on account of Ram Navami Software Indians spend more time shopping than social networking when online, says survey Indians voted online shopping (98 percent) as the top reason to access internet; closely followed by social networking (96 percent), revealed a recent survey conducted by American Express and Nielsen to gain consumer insights on online buying habits. Software Nandan Nilekani, Sudha Murthy want Vishal Sikka to stay at Infosys helm Nilekani family, Sudha Murthy were the only Infosys promoters who voted for all the five resolutions seeking shareholder approval Software Facebook working on Chatbots and live video as its next offering Facebook Inc said on Tuesday it will begin allowing developers to build chatbots inside its Messsenger app. Ecommerce Alibaba buys control of Lazada in $1 billion bet on southeast Asia ecommerce Alibaba Group Holding Ltd has agreed to buy a controlling stake in Southeast Asian online retailer Lazada Group for about $1 billion. Ecommerce Flipkart to expand sales of two-wheelers nationwide; to begin with TVS Motors entire range While the TVS Motor’s portfolio would be made available nationally on its site from May, products from all major two-wheeler brands would be added s.. Ecommerce Goldman Sachs arm looks to invest in fintech start-ups; move comes at a time when venture capital funding for start-ups is ebbing Goldman Sachs move comes at a time when venture capital funding for start-ups is ebbing HR Deloitte dives into India's growth with equity deal Deloitte's rapidly expanding Indian offshore hub paints a graphic picture of the future of professional services, how they will be delivered and by whom. HR Auto sector leads in talent demand: Survey Besides the auto sector, others like accounting, tax and consulting firms also posted an average rise of 2% in talent demand during the month, reported RecruiteX. HR Man calls MLA about jobs in guise of officer A person identifying himself as the agriculture commissioner recently made calls to BJP MLA Medha Kulkarni and Yogesh Gholap, son of former state minister Babanrao Gholap's son, asking them to send unemployed people to him for jobs in his department. HR India to host World Employment Conference to market skilled workforce The labour ministry wants to woo employers the world over to get them to hire Indias growing workforce, which the government estimates swells by 10 million every year. Logistics Air India, Jet Airways and Apeejay Shipping sign pact against wildlife trafficking The Buckingham Palace Declaration was developed by the United for Wildlife International Taskforce on the Transportation of Illegal Wildlife Products. Logistics Farm sector stocks in focus on 'above normal' monsoon forecast, farm related logistics gears up The scrip of Insecticides (India) zoomed 16.14 per cent, Jain Irrigation Systems surged 6.13 per cent and Chambal Fertilisers and Chemicals rose by 4.07 per cent on BSE. Logistics Oman transport: Air India increases free baggage allowance to 35 kgs from 9th April to 31st May 2016 Air India has increased its free baggage allowance to 35 Kgs. Logistics Immediate challenge now is the passage of bankruptcy law, GST: Arun Jaitley On the Modi governments performance, Jaitley said the first two years will go down as the most important phase of reforms since 1991. Construction Dehradun smart city project gets approved The main objective is to include core areas like Parade Ground and Gandhi Park in the the retrofitting project Construction LoanZen partners with Treebo to offer loans to hoteliers These loans are to be used by hotel owners for managing their working capital and for making quality upgrades to meet Treebo's brand standards Construction Amendments in DCR rules objected by Kolhapur civic body, supports developers The directorate of town planning, Pune, has initiated the process to call suggestions and objections regarding the rules made public in November last .. Construction Centre's demolition waste guidelines on similar lines to Pune civic body The ministry came out with the Construction and Demolition Waste Management Rules, 2016, at the end of the last month Marketing Why B2B Marketers Need to Focus on the Latest MarTech Trends : Report B2B marketing continues to change, especially as its success is intertwined with the latest advances in marketing technology. It was not that long ago that all B2B marketers had to do was generate awareness for their products or services. They would tee up the leads for sales and a certain percentage of them would close.   Marketing Only India will be able to compete with US in net tech innovation : Rajeev Mantri History is on Mahesh’s side. Desi Martini tried to be India’s Facebook - it was acquired by HT Media in 2007, but failed to scale and HT wrote off its investment.   Marketing Publicis Media to bring two brands to India within a year : Report "With these two brands, we will be able to give our clients more choice, more powerful and more differentiated brand options they never had before," Gerry Boyle said. Marketing PM Modi to launch online agri-market platform on April 14 The launching of e-platform for marketing of agriculture products is part of implementation of the roadmap for doubling income of the farmers by 2022. Politics Congress Party Has Appalling Double Standards On Women Entering Temples NEW DELHI -- India inched closer to treating men and women as equals, last week, when women defeated a centuries- old ban and offered prayers in the inner sanctum of the Shani Shingnapur temple in Mah Politics The 'Face Of Gujarat Riots' Is Miffed With Political Parties Other Than The BJP Too There's a fair chance that you cannot recall the name Qutubuddin Ansari. However, you probably remember the man's face very well. Ansari was the man who is seen pleading with folded hands to an unknow Politics The Game Of Political One Upmanship Over Latur's 'Water Train' Is Disgusting Earlier in the day, a ten-bogey train rolled into Latur, a district in Maharashtra's Marathwada region which is reeling under the worst drought in the country in 100 years. The train was carrying 5 la Politics LG Najeeb Jung Disfavours Action Against Students Shouting 'Anti-National' Slogans NEW DELHI -- Delhi Lt Governor Najeeb Jung today said he disfavoured action against students for alleged anti-national slogan shouting in JNU campus and suggested that instead they should be engaged i Sports IPL 2016, RCB vs SRH: Ashish Nehra will be out for a couple of games, says David Warner Ashish Nehra will out for couple of games for Sunrisers Hyderabad due to a groin injury which he suffered against RCB. Sports IPL 2016, KKR vs MI: Slow starters Mumbai Indians face Kolkata Knight Riders in their E-den Mumbai Indians lost their first game to Rising Pune SuperGiants while KKR humbled Delhi Daredevils. Sports Indian Football Podcast Weekly At the end of an extraordinary match day 16 of the I-league 2015/16, we roll out episode one of our brand new podcast.. Sports How a “very serious” heart condition turned James Taylor’s life upside down England cricketer James Taylor, 26, announced his retirement due to a 'serious heart problem.' Entertainment Rajinikanth: ‘Kabali’ will release in May or June "Kabali might release in the last week of May or early June," Rajinikanth said. Entertainment Malayalam film ‘Leela’ to premiere online on its release date For the first time in the history of Malayalam cinema, a film will make its international premiere online on the day of its release in theatres. Entertainment Kamal Haasan’s next film with daughter Shruti Haasan to roll from April 29 Kamal Haasan's next yet-untitled Tamil project, which will also feature his daughter Shruti Haasan, will go on the floors later this month. Entertainment Priyanka Chopra gets Padma Shri, calls it “best award” Priyanka Chopra was awarded the prestigious Padma Shri by President Pranab Mukherjee at the Rashtrapati Bhavan in New Delhi. 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