May 14, 2016 - Invested $300 million in supply chain, logistics in 18 months: Snapdeal

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Digital Invested $300 million in supply chain, logistics in 18 months: Snapdeal Snapdeal has pumped in USD 300 million (about Rs 1,990 crore) over the last 18 months to strengthen its supply chain and logistics. Digital Tokyo-based Gree Ventures raises $37 million to fund internet startups in India, and other countries Gree Ventures, a Tokyo-based venture capital firm that’s among the most active in Southeast Asia, has secured US$37 million in committed capital for its second fund, it announced today. It aims to hit US$60 million by the end of 2016.   Digital Flipkart's Ekart signs on a network of 700 stores across 28 cities as part of its alternative delivery on powering last-mile delivery programme Ekart, the logistics arm of online marketplace Flipkart has signed on a network of 700 corner stores across 28 cities as part of its alternative delivery programme. Outlook Business Smart Enterprise 2016 - May 17, Hotel St. Regis, Mumbai A unique one-day event that will bring together all stakeholders on a single platform to deliberate over how India can harness the true potential of its SMEs. Register Now Digital Online-to-Offline: How these 5 startups are doing it differently End-of-season sales were once known for eager shoppers lining up at store doors early in the morning to get the best bargains. In the last couple of years, however, the crowds have thinned out. Customers now prefer to buy online, attracted by the frequent discounts offered by e-commerce stores. Digital Why offline retailers acquire e-commerce companies It’s not just for an online presence;far-sighted strategic moves are afoot Digital Photo discovery platform Galleri5 gets funding from Redbus, TaxiForSure founders Redbus founder Phanindra Sama and TaxiForSure founder Raghunandan G, along with a bunch of other investors, have led an angel funding round in visual discovery platform Galleri5. The new capital will be utilised for content development, hiring talent, marketing strategies, and talent acquisition, Retail Invested $300 million in supply chain, logistics in 18 months: Snapdeal Snapdeal has pumped in $300 million (about Rs 1,990 crore) over the last 18 months to strengthen its supply chain and logistics. Retail Navigating the 'supermall' Walking through India’s first ‘destination mall’ with shopping addicts, the designer duo David Abraham and Rakesh Thakore Retail Reliance Retail to rebrand some Digital Express outlets as Reliance Jio Reliance Retail is the countrys largest consumer electronics retailer with 1,748 outlets in over 500 cities as of March 2016. Retail Xiaomi's application for single brand retail put on hold by government Besides Xiaomi, the panel is also considering the application of China-based telecom company LeEco for single brand retail licence with the sourcing exemption. Telecom With 3G speeds good enough, do we need 4G? After initial success, data use is stagnating and getting consumers to spend additional money for high-speed internet is proving to be difficult for telcos Telecom Call drops: Bharti Airtel sets benchmark at 1.5 per cent Bharti Airtel has committed itself to limit monthly call drops at 1.5 per cent of total calls and pledged to make a contribution towards rural education if it exceeds this voluntary limit that is more stringent than the industry norm of 2 per cent. Telecom 'Service tax on spectrum allotment to hurt telecom industry' The proposal to levy 15 per cent service tax on all spectrum allotments and transactions among licensees will hit the telecom industry financially, putting initiatives of Digital India and Smart Cities at risk, an industry body said on Thursday. Telecom Telecom operaters to benefit from SCs verdict on call drops; Digital India hurt SC's verdict on call drops: Telecom operates - 1, Digital India - 0 Finance Uday Kotak sole Indian financier in Forbes' most powerful list Kotak Mahindra Bank Chief Uday Kotak, who has a net worth of about USD 7.1 billion, is the sole Indian in Forbes' list of 40 of the most powerful people in the financial world who control the flow of trillions of dollars around the global Finance Beef ban hurting India's economy, says industrialist Adi Godrej Clever democratic leaders make sure disadvantages are minimised, advantages maximised, says Godrej chairman. Finance Do Reserve Bank governors need a longer term? What can you really achieve in three years in a country like India where it takes time to get things done? Finance For some companies, every drop is starting to matter Given the business risk water depletion poses to them, corporate entities have begun acting to save water Software India introduces legislation to ban unofficial maps and satellite photos The Narendra Modi government wants to regulate ubiquitous services like Google Maps. Software Infosys reboots its BPO business : May bundle BPO unit into service line Sikka, in his recent commentary , admitted that the new wave of innovation hasn't reached the BPO business, referring to very little automation and AI. Software Chinese smartphone maker LeEco and Twitter announce joint business partnership : Will help grow LeEco's global influence Chinese smartphone manufacturer LeEco and micro-blogging website Twitter on Thursday announced a joint business partnership to help grow LeEco's influence globally. Ecommerce Snapdeal bars sellers from giving more than 70% discount from May 13; aims to tackle the increasing return of merchandise from buyers The company said: “We have noticed deeply discounted products often do not meet expectations, leading to increased returns and customer dissatisfact.. Ecommerce Ray-Ban converts its India website into an ecommerce platform, eyewear brand seeks to fight off counterfeits that flood online marketplaces Ray-Ban has converted its India website into an ecommerce platform, as the eyewear brand seeks to fight off counterfeits that flood online marketplaces. Ecommerce Flipkart taps kirana stores for last-mile delivery; 700 mom-and-pop stores across the country been roped in to deliver shipments In a bid to improve its last-mile delivery efficiencies, Flipkart’s logistics arm EKart is tapping into neighborhood kiranas. Ecommerce Reliance JioMoney wallet lands in a market where Paytm and Oxigen rule; new mobile wallet app is a work in progress, but has got the basics spot on Reliance’s new mobile wallet app is a work in progress, but has got the basics spot on Franchise Factors franchisors should keep in mind to make the pregnant pause as smooth as possible for all parties Franchise Franchisor Zone: Ways to work towards 100% profitability across your franchise network [video] How can you work towards 100 percent profitability across a franchise network? In this video interview, franchisor Sara Pantaleo reveals how La Porchetta approaches profitability. HR Slow automation in progress at Infosys The inability of some tools to replace manual work and debate about how much to automate seen as main hurdles HR India is Giving its Trade Strategies a Rethink India is dragging its feet on concluding outstanding trade strategies. HR Job openings at Power Grid Corporation of India: Apply now The interested candidates should apply online latest by May 31. HR Bersin by Deloitte: High-Impact Talent Management in India Should Focus on Leadership, Diversity, and Ongoing Projects OAKLAND, Calif., May 12, 2016 /PRNewswire/ -- Organizations in India's highly competitive labor market focused... Logistics Indian Railways announces creation of non-fare revenue directorate ( NFR) to boost earnings The non-fare revenue directorate's (NFR) mandate is to enhance non-tariff income by 10 to 20 percent, said Indian Railways. Logistics Speed and self control: Air India introduces self check-in facility at 26 airports Air India's domestic fliers can now procure boarding pass by using the facility near the check-in area at 26 airports, the release said. Logistics Companies like Delhivery, GoJavas and Ecom Express getting ready for Alibaba's India entry Tiger Global-backed Delhivery confirmed that it had a discussion with Alibaba in April this year to chalk out potential fit for its India plans. Logistics Ritu Beri to design the new uniforms of Indian Railways Employees Khadi industries will be providing the raw material. Construction Rahul Yadav’s second venture Intelligent Interfaces fizzles out Rahul Yadav had announced his second venture, Intelligent Interfaces, in September, referencing virtual and augmented reality and AI Construction Ambassadors of 150 countries invited to Investment Summit The government would pitch projects worth Rs 50,560 crore across 20 cities to be developed as smart cities in the first phase. Construction Rs 160 crore unaccounted assets recovered by I-T dept from realty firm Ashoka Buildcon The department collected a 30% tax (Rs 48 crore) on the unaccounted assets. It also slapped a 100% penalty on the tax evasion amount (another Rs 48 cr.. Construction Rail Land Development Authority yet to develop 47 vacant sites, According to Panel Railway Convention Committee in its latest report observed that so far 60 sites measuring about 590 hectares of land have been identified and entruste.. Marketing It's time brands in India embraced programmatic advertising : CNN's Rob Bradley BE chats with CNN’s global director of digital advertising revenue and data, during his recent India tour Marketing Brands exploit legal loopholes to promote surrogate advertising in India : Report Marketing Controlling Misleading Advertisement : Expanding Role Of Self Regulating Mechanism In India In India, there are mechanisms for regulating advertisement which are both in the nature of self regulation and regulation by statutory rules and regulations. India Media, Telecoms, IT, Entertainment Global Advertising Lawyers Alliance (GALA) 12 May 2016 Marketing Instagram Strips Down Its Logo, Digital Video Is Now More Popular Than Prime-time TV This Darkly Clever Billboard for a Funeral Home Leaves Toronto Motorists Aghast: This billboard, which went up this week next to the Gardiner Expressway in Toronto, is provocative in the extreme—bl… Politics Modi owes Kerala apology, not silence, says Chief Minister Oommen Chandy Prime Minister Narendra Modi owes an apology, not silence, to Kerala for comparing the state with Somalia, Chief Minister Oommen Chandy said Politics PM Modi’s penchant for playing fast-and-loose with facts is catching up with him Modi is well aware of the power of demagoguery and has used it to his advantage. But the law of diminishing returns sets in on overconsumption. Politics Clutch of reforms shows Modi means business, but can he steer clear of controversies? Avoidable controversies at regular intervals and a pathetic communication failure have served to skew the perception such that the Modi government's list of achievements so far has gone totally under the radar. Politics West Bengal Elections: BJP Had A Clean Slate But Its Leaders Are Determined To Prove Otherwise How NOT to win friends and influence people. That seems to be the modus operandi of the BJP in West Bengal. The BJP’s greatest liability in Bengal is that it’s been a non-player. It has Sports SRH vs DD, IPL 2016: Sunrisers eclipsed at home Delhi Daredevils produce clinical all-round display to defeat table-toppers Hyderabad by seven wickets. Sports IPL 2016: Star-studded RCB need to get their act right with the ball The Virat Kohli-led unit has delivered with the bat but it's the bowling which has let them down on numerous occasions. Sports IPL 2016: MS Dhoni may have his own reasons for not bowling R Ashwin, says Simon Katich R. Ashwin has not bowled his quota of four overs in 10 of his last 20 Twenty20 games that included five games for RPS Sports Our parampara is to send quota winner, says WFI chief Brij Bhushan Sharan Singh Wrestling federation chief Brij Bhushan in ‘favour’ of sending Narsingh Yadav even as Sushil Kumar writes letter asking for a trial. Entertainment Raman Raghav 2.0 to compete at Sydney Film Festival Anurag Kashyap's Raman Raghav 2.0 will compete at the Sydney Film Festival 2016. Entertainment I am humbled and privileged that I get to represent India and our film fraternity at Cannes: Aishwarya Rai As Aishwarya Rai Bachchan gears up to leave for Cannes by air tonight, the former beauty queen recollected her glorious association with the prestigious film festival. Entertainment Morgan Freeman, Tommy Lee Jones to star in ‘Villa Capri’ Morgan Freeman and Tommy Lee Jones are teaming up for action comedy "Villa Capri". Entertainment Kal Penn would love to work with Amitabh Bachchan Amitabh Bachchan brings out the fanboy in star Kal Penn, who says he would love to be a part of the Indian independent movies. /All BusinessArchives Finance Ministry seeks access to big borrowers' database, RBI denies permission If RBI agrees to FinMins request, the government will get details of all loans taken by large borrowers across banks as well as their credit rating. /RetailArchives Amazon in discussions with government on ecommerce rules; seeks clause allowing promotions Amazon exes also made a point on direct interface with customers. “If we are not allowed to interface with customers, then how will we do business?” /All BusinessArchives India ranks ninth in crony-capitalism index Modi trying to subject the economy to a blast of competition, says magazine /EntertainmentArchives Nawazuddin Siddiqui left home, started fearing himself while preparing for Raman Raghav 2.0 Nawazuddin Siddiqui left his home for two days without informing anyone, and then started fearing himself while he was preparing for his role in Raman Raghav 2.0. /All BusinessArchives How Pepsico's Kurkure Plays with Packaging Flavours to Expand Market Share Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities /All BusinessArchives NBFCs expand working capital loan business as banks retreat Risk-averse banks are declining to offer such loans due to the lack of adequate capital and a rise in bad loans /EntertainmentArchives Two of Rabindranath Tagore’s works made into films on poet’s 155th birthday Rabindranath Tagore continues to inspire filmmakers and on the 155th birth anniversary of the poet, two films are released in theatres. /All BusinessArchives Stayzilla gets ex-Twitter exec Pankaj Gupta to join as product tech head Former Twitter executive Pankaj Gupta has joined hotel booking site Stayzilla, run by Chennai-based Inasra Technologies Pvt. Ltd, as chief product officer and president of technology. In a blogpost, Gupta said that he will help Stayzilla build its technology platform. Accordingly, he is shift /SportsArchives Former Pakistan players' response to coach job irks Akram Wasim Akram has criticised former Pakistan players who refused to apply for the Pakistan head coach role through the channels set up by the PCB /All BusinessArchives Why Zomato is proof that the valuation of Indian startups may be a dangerous bubble?  New Delhi: With high-profile private equity funds and other investors slashing their investment valuations in the big Indian startups, the latest to face the markdown is the online food start-up Zomato.   /SportsArchives Tottering Supergiants take on in-form Sunrisers Rising Pune Supergiants - on the brink of elimination - will be desperate for a win when they take on an in-form Sunrisers Hyderabad in Visakhapatnam /All BusinessArchives Flipkart building mapping platform to help mark customer addresses more accurately The online retailer is building Flipkart Maps, which will help it mark customer addresses and landmarks more accurately to make more speedy and cost-effective deliveries. /All BusinessArchives Technology incubation centres to get the much-needed push from Government Technology incubation centres are generally slow to grow and mature, but the government is now planning to provide some much-needed help. /All Business /SportsArchives Dhawan, Nehra direct Mumbai mauling Sunrisers Hyderabad rode on Shikhar Dhawan's 82 and Ashish Nehra's new-ball burst to thrash Mumbai Indians by 85 runs in Visakhapatnam /SportsArchives Do selectors see MS Dhoni as captain of India for three-four years, asks Sourav Ganguly Sourav Ganguly backed Virat Kohli to be given the leadership role ahead of 2019 World Cup. /All BusinessArchives Titan to acquire online jewellery store CaratLane : Report Titan will acquire the Chennai-based online jewellery store CaratLane, the company informed the BSE. The acquisition will be an all cash deal, and is expected to be completed by mid June this year. Titan is expected to acquire a majority stake in CaratLane, although the exact number of shares ar /All BusinessArchives Will India’s e-commerce sector see $120 billion revenue by 2020? The country's e-commerce sector is expected to see revenues of $120 billion by 2020 from $30 billion at the end of last fiscal, a report said. /All BusinessArchives Sebi plans to ease funding, listing norms for start-ups A revamp of the listing, fundraising norms on the anvil; Sebi to also expand definition of high-tech start-ups /All BusinessArchives Why Bitcoin has a governance problem? As one would-be father of bitcoin falls by the wayside, squabbling among the web-based currency's lead developers is exposing a fundamental flaw: it must evolve to meet growing demand, but may lack a governance structure to achieve this. /PoliticsArchives Voters are the boss: Tamil Nadu netas experiment with lingo to garner youth votes Spurred on by changing times and a necessity to connect with people, political leaders of Tamil Nadu have now latched on to colloquial words to win votes. /All BusinessArchives Facebook faces questions from the US Senate committee over news selection A US Senate committee launched an inquiry on Tuesday into how Facebook selects its news stories after a report that company employees blocked news about conservative issues from its "trending" list. /All BusinessArchives Revenue dept taking steps to boost growth, jobs: FinMin New Delhi, May 8 () The Finance Ministry today listed out steps taken by the Revenue Department to boost growth and employment by giving relief to small tax payers, businesses and professionals. /RetailArchives GM Pens to go solo, eyes global market with own brand Rorito The Chennai-based company, which has been associated with Reynolds for over two decades, said it has stopped manufacturing Reynolds pens since January this year. /All BusinessArchives Ad-tech firm Greedy Games to launch video-based ad integration The ad-tech startup is partnering with award-winning Czech Republic developer Mad Finger Games and Malaysian digital entertainment studio Mediasoft Entertainment. /All BusinessArchives Indian Army wants to be leaner, may cut non-combat jobs The 1.2-million strong Indian Army wants to be leaner and is looking to cut flab in non-combat areas. Army chief General Dalbir Singh has ordered a study to determine how the force, battling a fund squeeze, can be rightsized, said a top army officer familiar with the plan. /All BusinessArchives SoftBank’s profit plummets 30% as Sprint’s losses persist Son was bullish about investing in India and other emerging markets, where he said entrepreneurship was thriving like the Silicon Valley of the past /All BusinessArchives India's construction slowdown threatens to increase poverty, Here's why? The sector is now India’s second-largest employer, but job creation is getting increasingly difficult. /EntertainmentArchives Vikas Bahl to make biopic on Super 30 founder Vikas Bahl announced he was making a biopic on Bihar's innovative educational coaching institute Super 30, and its founder Anand Kumar. /All BusinessArchives Indian Railways: Manmadurai-Rameswaram rail track to become 1st green corridor Stepping up efforts to make rail tracks discharge free zones, Indian Railways will convert into green corridor and zero toilet discharge section the nearly 114 km route between Rameswaram and Manmadurai in Tamil Nadu by the end of this month.   /RetailArchives Lenovo not keen on opening own stores in India "We have not applied to department of industrial policy and promotion (DIPP) to open company-owned stores. We have no such plans and we are doing noth.. /All BusinessArchives Retailers betting on revolutionising customer experience through a consumer-connected, cognitive future Changing technology inventions has revolutionised the customer experience to a great extent, whether its smartphones enabling consumers to check prices as they roam a retail stores aisles or e-commerce sites offering discounts on favourite brands. /RetailArchives Snapdeal bars sellers from giving more than 70% discount from May 13 The company said: “We have noticed deeply discounted products often do not meet expectations, leading to increased returns and customer dissatisfaction. /EntertainmentArchives Would be great if I get a chance to play APJ Abdul Kalam on screen: Nawazuddin Siddiqui Speaking at the trailer launch of Raman Raghav 2.O, Nawazuddin Siddiqui said, "He (APJ Abdul Kalam) was a great personality and I would be happy if I get a chance to play him on screen." /SportsArchives IPL 2016 Video: Murali Vijay wins toss even after making wrong call A confusion at the toss before the KXIP and KKR match shows that even after making the wrong call, Murali Vijay won it. 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