April 21, 2016 - Groupon failed in India, but how Nearbuy CEO Ankur Warikoo is doing the same thing right

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk Can an algorithm be biased, possibly even racist? Today, algorithms decide how fast an Uber gets to you, whether you're approved for a loan, whether a prisoner gets parole, who the police should monitor. Ultimately, algorithms are products of human imagination, which means they can be biased. "Algorithms are like a very small child," says Suresh Venkatasubramanian. "They learn from their environment." Venkatasubramanian is a computer science professor at the University of Utah. He's someone who thinks about algorithmic fairness. Algorithmic accountability is a growing discipline across a number of fields. Computer scientists, legal scholars, and policy wonks are all grappling with ways to identify or prevent bias in algorithms, along with the best ways to establish standards for accountability in business and government. Who do you hold accountable when an algorithm makes a biased decision? More here - Comment Digital Groupon failed in India, but how Nearbuy CEO Ankur Warikoo is doing the same thing right Give a man a coupon and you’ll make money off him for a day. Teach him to use a deals site and you’ll get him hooked for life.   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 Delhi govt working to set price band for taxi apps like Uber and Ola Ola, Uber may soon be forced to keep taxi fares within a certain range, as the Delhi govt is working on a policy that seeks to put upper, lower caps to the prices charged. Digital Consumer protection bill expected to be passed in coming session of parliament. It will protect the interest of online shoppers New Delhi, April 20 (IANS) Taking cognisance of rising complaints of online and teleshopping buyers, the new Consumer Protection Bill, expected to be passed in the coming session of parliament, has all the essential features to protect the interest of online consumers, an official said here on Wednesday. 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 Twitter's First View to empower Indian businesses to scale their marketing campaigns Twitter stated First View empowers Indian businesses of any size to scale their marketing campaigns with video and real-time, public conversations. Digital Foodpanda considering another round of investments to extend meal package service to 5 more cities To extend meal package service to five more cities Digital Lycos sets up digital marketing arm Brightcom As it begins an organisational restructuring, Lycos (formerly Ybrant Digital) has set Retail Merchants Say Amazon Is Copying Their Products Amazon is selling products under its private labels that appear to be copies of smaller merchants' best-selling products. Retail Can e-commerce save the Indian farmer? eNAM hopes to go beyond the perfunctory, connecting mandis, enabling farmers provide information on what they want to sell, thereby eliminating middlemen. Retail Metro Cash and Carry opens first wholesale centre in Surat, Gujarat The wholesaler has a strong base of customers across the country, including small and large kirana stores, entrepreneurs, small businesses, offices, companies and institutions. Retail Online marketplaces depending on algorithms to crunch data on customer behaviour Algorithms are responsible for customers browsing for goods being greeted with shopping recommendations. It decide what to display for online marketplaces. Telecom Indian telecom, allied services industry to generate 10 lakh jobs in 3 years: India Skills Report 2016 The India Skills Report 2016 is a result of a joint initiative of PeopleStrong, Wheebox, in collaboration with Confederation of Indian Industry, Linke.. Telecom India's Bharti Airtel to sell more than 5 pct stake in telecom tower unit India's Bharti Airtel will sell more than 5 pct stake in its tower arm Bharti Infratel through an open market block deal, CNBC TV18 reportedciting sources. Telecom Chinese investors like Tencent, Cheetah Mobile and Baidu look to fund India's internet companies Chinese firms are dragging potential funding into companies until they can see the kind of sales growth that can fuel their ambitious expectations, th.. Telecom Mobile Accounts for Rising Share of Ad Spend in India eMarketer estimates that about a quarter of digital ad spending in India will be mobile this year. Other estimates are less bullish on mobile’s share of the total, but more positive about overall spending levels. Finance Why India needs vibrant small enterprises The Narendra Modi govt must focus on enabling them for inclusive growth Finance MUDRA Bank invests Rs 50 crore in securitisation deal with Janalakshmi Financial Services Its chief executive Jiji Mammen told ET that the newly formed refinancing bank was trying out new instruments to help MSMEs access capital market. Finance Firms are now looking to invest in MFIs after RBI awarded small finance bank licenses The sector that makes credit accessible to the poor without collateral has started becoming more relevant to local corporations and institutional investors. Finance Don't overplay NPA issue to extent of debilitating lending: Banks Board Bureau chairman Vinod Rai The former Comptroller and Auditor General said not all loan defaults are willful and not all lending activities can be branded as corrupt practice or criminal misconduct. Software Rejecting employees' pleas, EmblemHealth CEO sets major IT layoff by outsourcing work to Cognizant "Several hundred" IT and operations workers will be laid off, EmblemHealth CEO says. Software Wipro targets $15 billion in revenues by 2020 but struggles for growth under CEO Abidali Neemuchwala Wipro also said it would buy back up to 40 mn shares at Rs 625 apiece, spending up to Rs 2,500cr. The board also recommended a final dividend of Rs 1 per share, taking total dividend to Rs 6. Software HCL rolls out ‘Inspire’ initiative with a multi-level engagment approach to drive company culture ‘Inspire will directly work with the people managers community who are accountable for engaging their teams, thereby creating a grassroots movement. Software Taiwan's computer maker Asus planning to make India its home market for smartphones "We would be doubling our marketing budget this year, from 2-3% of revenue, because we want to have 5% market share," Chang said. Ecommerce Quikr launches fleet of trucks to strengthen home delivery service; fleet will help it facilitate price negotiation, payment, pick-up and delivery Quikr says the fleet will help it facilitate price negotiation, payment, pick-up and delivery Ecommerce As e-furniture companies try to take on Flipkart, Snapdeal, focus on sourcing locally' The focus is on sourcing locally and tightening the supply chain to serve a specific region to reduce costs of logistics and returns. Ecommerce Online marketplaces depending on algorithms to crunch data; to focus on customers browsing for goods being greeted with shopping recommendations Algorithms are responsible for customers browsing for goods being greeted with shopping recommendations. It decide what to display for online marketpl.. Franchise McDonald’s boldly embraces its notorious fatty fare in a bid to revive the brand The fast-food chain doubles down on its roots in a new St. Joseph, Mo. location. Franchise The low-down on how to calculate the money you’ll make with your franchise concept Can you know what you'll earn before opening a franchise? HR Intel to cut up to 12000 jobs as PC industry swoons Intel to slash up to 12,000 jobs HR US waste management co to create new jobs in India Janette Micelli, spokesperson of Waste Management company, said: “As part of our efforts to optimise our back office processing functions, we’ll be transitioning over the next few years approximately HR 7 Learnings from India's Top Startups 'Startup'- it's not a word anymore. It's a phenomenon now. Government recent impetus and our Prime Minister's much glorified Startup India campaign has to a certain degree, uprooted the stigmas of starting up. Logistics AirAsia India rolls out self check-in facility at BLR airport, has 30 self check in kiosks Passengers of budget carrier AirAsia India flying out of the Kempegowda International Airport here can now avail the self check-in facility, which will enable the passengers to head directly for boarding. With 30 self check-in kiosks available at   Logistics No smooth ride this ! many bumps on India-Myanmar-Thailand road plan A relatively cold Thailand and infrastructure inadequacies in Myanmar holding back progress Logistics Now government officers can travel in airlines other than Air India Now government officers can travel in airlines other than Air India - Govt relaxes rules of air travel for officers. Logistics Threat letter to blow up Gaya airport, if director does not leave job and town in 14 days! The Gaya airport director has received a letter asking him to quit his job and leave the town within a fortnight failing which the airport would be blown up. Construction Maha minister Girish Bapat draws flak after he is seen with accused builder at same event Sachin Agrawal, promoter of Maple Shelters, was caught on camera by mediapersons allegedly fleeing on a scooter riding pillion while the police arrive.. Construction Reality check on property tax concession will be done by Gr Hyderabad civic body Though the decision to lower the tax has been implemented, the corporation has now decided to reassess the tax of all properties falling in the Rs 1,2.. Construction Kolhapur extends deadline for 'Housing for All by 2022' scheme by one month The Kolhapur Municipal Corporation (KMC) has extended the deadline for submissions of applications from the slum dwellers and home-less citizens for P.. Construction 5 lakh people received affordable houses, According to Gujarat CM Anandiben Patel Patel allocated houses to 1,092 beneficiaries of housing schemes of the Gujarat Housing Board, and also laid foundation stones for 6 developmental pro.. Marketing Geo-targeting, The way forward for TV advertising : Report Geo-targeting not only helps advertisers target special geographies, but also saves brands money as it results in efficient buying of commercial airtime Marketing Twitter introduces First View in India : Report The idea behind First View is to allow brands and advertisers to take the most valuable advertising spot on Twitter for a 24 hour period. Marketing Indian CXOs most likely to bend rules to achieve financial goals EY study shows 70% of Indian respondents will take to unethical means to achieve targets, as against 36% globally Marketing CSR Is Not a Marketing Strategy : Report "Be the change you wish to see in the world." Sound familiar? It's an oft-misattributed Gandhi quote puttering around on America's bumpers and inked in high school yearbooks. While Gandhi never spoke these words, the message is a noble one. In fact, you may be surprised to learn that the sentiment informs some of America's most innovative brands when it comes to corporate social responsibility.   Politics Chandigarh's Bizarre Rule For Stopping 'Anti-National' Elements: Ban Short Skirts In Discotheques Long back, Sudin Dhavalikar, member of BJP ally Maharashtrawadi Gomantak Party in Goa, had said “girls in short skirts visiting pubs” is against the culture. On Friday, a 22-year-old stude Politics Speaking too soon? Rafale deal ‘finalised’ at $8.8 bn, BJP’s Facebook page claims Even as the government has chosen to remain tight-lipped on the price bargain related to purchase of Rafale fighter jets from France, the BJP on Wednesday announced on its official Facebook page that the deal has been finalised at $8.8 billion. Politics Shaktiman falls prey to politics: As India mourns horse’s death MLA Joshi offers his leg Police horse ‘Shaktiman’, which suffered multiple fractures on its hind leg during a BJP protest in Dehradun triggering widespread outrage, died on Thursday after battling infection and other complications for over a month. Politics Congress demands PM to call meeting of CMs of drought hit states Concerned over the agrarian crisis engulfing almost half of the country, Congress on Thursday demanded that Prime Minister Narendra Modi call a meeting of Chief Ministers of drought hit states to tackle the situation on war footing. Sports IPL 2016, MI vs RCB: On home turf, Rohit Sharma, bowlers show Mumbai Indians way Rohit Sharma guides the chase with 62 off 44 balls after Krunal Pandya, Jasprit Bumrah and TIm Southee restrict RCB to a below-par 170. Sports IPL 2016: Shikhar Dhawan’s form not a worry for SRH, says VVS Laxman Sunrisers Hyderabad are set play against Gujarat Lions, who have registered three wins on trot and remained unbeaten. Sports Different playing field: Discovery’s Rahul Johri new BCCI CEO Rahul Johri will be responsible for smooth functioning of operations, stakeholder management and building robust strategies. Sports IPL 2016, GL vs SRH: Sunrisers Hyderabad up against rampant Gujarat Lions Sunrisers Hyderabad are up against Gujarat Lions who have won three out of three games so far. Entertainment Jared Leto met psychopaths for ‘Suicide Squad’ Jared Leto has revealed he spent time with psychopaths as well as doctors and psychiatrists to prepare for his role as the Joker in 'Suicide Squad'. Entertainment Vin Diesel shares Fast and Furious 8 movie poster Action star Vin Diesel shared the poster of upcoming "Fast & Furious 8". Entertainment Mammootty, Huma Qureshi pair up for first time in a stylish avatar in ‘White’, watch trailer Mammootty, Huma Qureshi starrer Malayalam film 'White's trailer launched. Entertainment My films should create good memories: Suriya Suriya, says he wants to be part of films that create good memories such that audiences want to revisit even after a decade. 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. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India