Thursday, May 5, 2016

May 5, 2016 - Lenskart raises Rs 400 crore in fresh funding round led by IFC

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
The biggest myth spread by large food companies (and governments) is that lack of exercise is primarily responsible for the obesity problem. In fact, even saying that lack of exercise and bad food habits are equally responsible is far from the truth. There are three main components to energy expenditure: 1) basal metabolic rate, or the energy used for basic functioning when the body is at rest; 2) the energy used to break down food; and 3) the energy used in physical activity. We have no control on 1) or 2) and this is 70 to 90 percent of our energy expenditure. Only 10 to 30 percent is used for 3) physical activity, of which exercise is only a subset. So, any amount of exercise you do attacks a single digit percentage of your body's energy needs, which is why exercise without diet control is useless in losing weight. You cannot out-exercise a bad diet. Wait, it gets worse. The more you stress your body, there could be changes physiologically - compensatory mechanisms that change given the level of exercise you're pushing yourself at. In other words, our bodies may actively fight our efforts to lose weight. Before you give up that gym membership, note that exercise comes with many many benefits, including reduced blood pressure, lower triglycerides and reduced risk of type 2 diabetes, stroke, alzheimer's and dementia. - Comment


Digital
Lenskart raises Rs 400 crore in fresh funding round led by IFC
Lenskart raises Rs 400 crore in  fresh funding round led by IFC - TOI
IFC, which, globally, has its largest portfolio exposure to India, has pumped in Rs 171 crore into the Delhi-based venture.


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
Over 8,000 website hacking incidents in Jan-Mar 2016: Government
Over 8,000 website hacking  incidents in Jan-Mar 2016: Government
Government has formulated cyber crisis management plan for countering cyber attacks and cyber terrorism for implementation by all ministries.


Digital
Flipkart to allow big brands to create exclusive 'stores' on the online marketplace
Flipkart to allow big brands to  create exclusive 'stores' on the online marketplace
This move by Flipkart, with the offer to help brands exercise control over how and what they showcase to customers using data, aims to build a symbiotic relationship.


OneDirect’s Quest 2016 - India’s largest Customer Experience Management Summit

More than 200 marketers and customer service professionals from leading brands across India participated at Quest 2016 to discuss the future of customer experience management in India. The event also saw the presentation of the Quest Customer Experience Awards 2016.

Digital
Secure streaming platform for films Indee.tv raises Rs 3.35 crore from Kalaari Capital's KStart
Indee.tv, which provides a secure streaming platform for film and TV studios, has rais


Digital
Lenovo plans $500 million technology startup fund
Lenovo Group Ltd, the world’s largest PC maker, plans to invest $500 million in a tech


Digital
Online marketplace Askme.com ventures into pharmacy, perishable grocery segments
Online  marketplace Askme.com ventures into pharmacy, perishable grocery segments
AskmeFresh and AskmeMeds to be launched nationwide soon


Retail
Lenskart raises Rs 400 crore Series D funding from IFC, Ratan Tata
Lenskart raises  Rs 400 crore Series D funding from IFC, Ratan Tata - Hindu Business Line
Total funding of online eyewear firm now stands at ₹640 cr

Retail
Nykaa to raise Rs 80 cr via private equity and HNI for expansion
Nykaa to raise  Rs 80 cr via private equity and HNI for expansion - Business Standard
e-commerce startup to roll out brick and mortar stores pan India

Retail
Apple's plan to sell used iPhones in India rejected: Here's why it is a big deal
Apple's plan to sell used  iPhones in India rejected: Here's why it is a big deal - Firstpost
Why was Apple pretending to not be interested in selling its refurbished smartphones in India, when it had recently tried to set up a factory to rebuild and sell its refurbished iPhones coming from China? Turns out there are multiple reasons for this.

Retail
CAIT alleges Flipkart violated e-Commerce FDI norms
CAIT alleges Flipkart violated  e-Commerce FDI norms - Economic Times
Traders' body CAIT today filed a complaint with the Department of Industrial Policy & Promotion alleging violation of FDI norms for e-Commerce by Flipkart.


Telecom
Telecom sector sees over $4 billion FDI in nearly two years
Telecom sector sees over $4  billion FDI in nearly two years - Times of India
The total mobile subscriber base at the end of February has 98.2 crore GSM mobile users and 4.45 crore subscribers on CDMA Network.


Telecom
Call drops: Telecom companies under heavy debt?
Call drops: Telecom companies  under heavy debt? - Times of India
The telecom industry is incurring heavy investment in terms of spectrum and is facing debt to meet its costs, telcos tell SC


Telecom
India might have done Apple a favor by blocking its sales of refurbished phones
India might  have done Apple a favor by blocking its sales of refurbished phones - The Next Web
Apple's request to sell imported refurbished phones in India has been rejected by the country's government - and that might be good for the company.


Telecom
Ola Far Ahead Of Uber In India According To TrueCaller's Phone Calling Data
TrueCaller has released an interesting insight based on its call records between users & taxi cabs. According to the report,Uber is far behind Ola in India.



Finance
Govt may offer bluechip PSU shares to FIIs, domestic buyers
Govt may offer bluechip PSU  shares to FIIs, domestic buyers - Livemint
Disinvestment in the recent past, including of NHPC, NTPC and Indian Oil Corporation, saw a tepid retail investor response


Finance
Is RBI’s cash pump finally infusing confidence in banks?
Is RBI’s cash pump  finally infusing confidence in banks? - Livemint
ICICI Bank has reduced interest rates on bulk deposits by 15-25 basis points across maturities, with effect from Tuesday


Finance
Green banks, green bonds could boost India's energy goal:
India faces a huge problem. It may not have the money or the ability to set up its targeted solar power capacity. It can cope with both, but only if it changes


Finance
Sebi asks clearing corporations to invest in FDs, debt MFs
Sebi asks clearing corporations  to invest in FDs, debt MFs - Economic Times
The investments need to be broadly in fixed deposits, central government securities and liquid schemes of debt mutual funds.




Software
Banks and tech companies find value in digital currency : Move from bitcoin to blockchain
Banks and tech companies find  value in digital currency : Move from bitcoin to blockchain - Times of India
As a debate raged across the internet Monday over whether the mysterious founder of the bitcoin digital currency had finally been identified, executives at a major bitcoin conference in New York had a simple message: we've moved on.


Software
Business Process Management sector stares at $1 billion loss due to diesel ban, says Nasscom
Business Process Management  sector stares at $1 billion loss due to diesel ban, says Nasscom
Nasscom representatives have already met the Delhi Police and various central ministries, including the Ministry of Information Technology.


Software
Wipro claims to have won the sexual harassment case in UK
Wipro claims to have won the  sexual harassment case in UK
According to the judgement documents filed with the Employment Tribunal, Ukils claim of “wrongful dismissal fails and is dismissed.” ET has seen a copy of the judgement.


Software
Panic button in all mobile phones in India from Jan 2017
Panic button in all mobile  phones in India from Jan 2017
During Question Hour, Prasad said by January 2018 all mobile will have GPS so that if a woman is in distress and alerts police, her location can be tracked.



Ecommerce
Two more foreign MFs marks down the value of their holdings in Flipkart, signalling weakening investor sentiment towards new economy firms
Two more foreign MFs marks down  the value of their holdings in Flipkart, signalling weakening investor sentiment towards new economy firms - The Hindu
Two more foreign mutual funds have marked down the value of their holdings in India’s biggest ecommerce firm Flipkart, signalling weakening investor sentiment towards new economy firms. The slew of ma

Ecommerce
Lenovo plans to invest $500 million in tech-startup fund; looking to invest in sectors including artificial intelligence, robot and cloud computing
The fund Lenovo Capital, funded and managed by Lenovo Group, is looking to invest in sectors including artificial intelligence, robot and cloud computing

Ecommerce
Walmart inaugurates its new technology Center Of Excellence in Bengaluru; to deliver engineering, product innovation and technology strategy
 Walmart inaugurates its new  technology Center Of Excellence in Bengaluru; to deliver engineering, product innovation and technology strategy - Techstory
Techstory
Walmart inaugurates its new technology 'Center Of Excellence' in Bengaluru; to deliver engineering, product innovation and technology strategyTechstoryEstablished earlier this year, Walmart Technology combines Walmart's stores technology group with its e-commerce team @WalmartLabs to create a connected shopping experience for customers across stores or clubs, online or mobile. The group collaborates

Ecommerce
Flipkart aims to sell 2% of all two-wheelers in India by year-end; in advanced stages of talks with all major auto manufacturers
Flipkart aims to sell 2% of all  two-wheelers in India by year-end; in advanced stages of talks with all major auto manufacturers - Business Standard
The company says it is in advanced stages of talks with all major auto manufacturers to bring them onto its platform



HR

HR
Why we should want robots to take our jobs
Why we should want robots to  take our jobs - Businessinsider India
Henry Blodget, Business InsiderPeter Ballmer is a Stanford University student in Computer Science with a concentration in Human Computer Interaction.I'm waiting


HR
Power Grid Corporation of India is hiring for various posts
Power Grid Corporation of India  is hiring for various posts - India Today
The Power Grid Corporation of India Limited has issued an advertisement inviting applications from interested, eligible candidates for recruitment to various Engineers, Assistant Officers and Assistant Officer Trainee posts.


HR
State Bank of India to recruit 2200 officers, launches new career website to woo youth
State Bank of India to recruit  2200 officers, launches new career website to woo youth - International Business Times, India Edition
The strength of officers in State Bank of India, the country's largest lender, has been declining over the years.



Logistics
Air India introduces seat selection facility, started from May 1st, these special seats are avaliable on every sector, give more leg room and deplaning faster on arrival
Air India introduces seat  selection facility, started from May 1st, these special seats are avaliable on every sector, give more leg room and deplaning faster on arrival -  Economic Times
Passengers flying in Air India can book a seat of their choice, as the national carriers has, for the first time, introduced a seat selection facility for its passengers.


Logistics
Adani Ports slumps 12% in stock market; mcap down by Rs 5,849 crore
Adani Ports slumps 12% in stock  market; mcap down by Rs 5,849 crore - Economic Times
Shares of Adani Ports and Special Economic Zone today slumped 12 per cent, wiping out Rs 5,849 crore from its market valuation, as concerns over its margins.


Logistics
Air India inks codeshare pact with Flybe, a European flyer for seamless connection to UK and the rest of the continent
Air India inks codeshare pact  with Flybe, a European flyer for seamless connection to UK and the rest of the continent - Economic Times
National passenger carrier Air India on Wednesday announced that it has entered into a codeshare agreement with European airline Flybe.


Logistics
Etihad Airways: A380 service to Mumbai a sign of India's importance to growth strategy
ABU DHABI, United Arab Emirates - India continues to be a crucial part of Etihad Airways’ growth strategy contributing significantly to the ...



Construction
Ghaziabad Municipal Corporation invites smart city plan ideas
Ghaziabad Municipal Corporation  invites smart city plan ideas - ET Realty
GMC is set to send the proposal to the urban development ministry before June 30


Construction
GPS-based property survey on the cards in Nashik
GPS-based property survey on  the cards in Nashik - ET Realty
The civic body will implement global positioning system(GPS)-based property survey, water meter and geo-tagging of trees.


Construction
Nagpur civic body deletes 10 roads, regularizes 560 plots
Nagpur civic body deletes 10  roads, regularizes 560 plots - ET Realty
Deleting reservation means that the piece of land that had earlier been blocked for construction of a road is no longer reserved for the purpose.


Construction
May 10 deadline for building certificates set by Kolhapur civic body
May 10 deadline for building  certificates set by Kolhapur civic body - ET Realty
The Kolhapur Municipal Corporation (KMC) has set a deadline of May 10 for the property owners to submit valid building certificates and avoid three-fo..



Marketing

Marketing
On Myntra relaunching its desktop site : Questions, Questions
On Myntra relaunching its  desktop site : Questions, Questions - Medianama
By Nikhil Pahwa and Shashidhar KJ Fashion e-tailer Myntra will be relaunching its desktop website on June 1, a little over a year after it shut it down in May last year, reports Mint. Myntra expects a 15-20% jump in sales in the current financial year, but that's a percentage figure that i


Marketing
Lenskart raises Rs 400 crore in a round of funding led by IFC : Report
Lenskart raises  Rs 400 crore in a round of funding led by IFC : Report - Medianama
Noida-based Lenskart has raised Rs 400 crore in a series D round of funding from the International Finance Corporation (IFC), an investment arm of the World Bank. The IFC's share in the round of funding is Rs 171 crore. Existing investors, TPG Growth, Adveq Management and IDG Ventures parti


Marketing
MTR Foods Refurbishes Brand Identity, Gionee Most Mentioned Sponsor At IPL 2016
MTR Foods  Refurbishes Brand Identity, Gionee Most Mentioned Sponsor At IPL 2016 - Lighthouse insights
7UP Sponsors ‘What the Duck’, Viu Original’s Cricket Comedy Show: Vuclip, one of the leading Video on Demand (VOD) platforms has joined hands with PepsiCo for its Cricket Comedy show ‘What th…



Politics
Despite claiming not to have 5 Crore to pay the NGT, the Art of Living has over 200 crore worth of assets and 80 crore in revenue
Despite claiming not to have 5 Crore to pay the NGT, the Art of Living has over 200 crore worth of assets and 80 crore in revenue
Between 11 to 13 March 2016, the volunteer-based non-government organisation, the Art of Living (AOL) group organised a World Cultural Festival. The event, held on the floodplains of the Yamuna, in Delhi, had over 3.5 million participants plodding on the fragile ecosystem. The festival, which “demonstrated the power of unity and peace,” came at a … Continue reading Despite claiming not to have 5 Crore to pay the NGT, the Art of Living has over 200 crore worth of assets and 80 crore in revenue


Politics
Sad That RS Colleagues Chose To Be Swayed By Hysteria: Mallya
Sad That RS Colleagues Chose To Be Swayed By Hysteria:  Mallya
Independent MP and liquor baron Vijay Mallya had written a stinging letter to the Ethics Committee of Upper House, which had sought his reply regarding the case of loan default of over Rs 9,400 crore


Politics
VVIP Chopper Scam: Congress Storms Out Of Parliament, Dares BJP To Take Action
VVIP Chopper Scam: Congress Storms Out Of  Parliament, Dares BJP To Take Action
The AgustaWestland VVIP chopper scam rocked the parliament session with allegations between the ruling NDA and the Congress leading to the adjournment of the session and the Congress party members sto


Politics
Trump Is Presumptive GOP Nominee And It's Not 'A Beautiful Thing To Watch' For Republicans
Trump Is Presumptive GOP Nominee And It's Not 'A Beautiful Thing To  Watch' For Republicans
Will the Republican party continue to despair, remain in denial or make peace with the fact that Donald Trump for all purposes is now the presumptive Republican presidential nominee?



Sports
IPL 2016, KKR vs KXIP: Andre Russell show propels KKR to top spot
IPL 2016, KKR vs KXIP: Andre Russell show propels KKR to top  spot
Andre Russell takes four wickets for 20, gives only four runs in the crucial last over as Kolkata win to go top.


Sports
Real Madrid beat Manchester City 1-0 to reach Champions League final
Real Madrid beat Manchester City 1-0 to reach Champions League  final
A convincing 1-0 victory over City at the Santiago Bernabeu Stadium means that Real will face Atletico on May 28 in a rematch of the 2014 final.


Sports
We played better than Atletico Madrid but are still eliminated, says Bayern Munich boss Pep Guardiola
We played better than Atletico Madrid but are still eliminated, says  Bayern Munich boss Pep Guardiola
An away goals defeat to Atletico Madrid, despite a 2-1 win in Germany on Tuesday, sealed Bayern's elimination from this season's competition.


Sports
Sania Mirza autobiography ‘Ace Against Odds’ to hit stands in July
Sania Mirza autobiography ‘Ace Against Odds’ to hit  stands in July
The autobiography chronicles Sania Mirza's rise to the top, and is peppered with anecdotes where she talks about the difficulties and joys of tennis.



Entertainment
Neeraj Ghaywan, Varun Grover to donate National Award prize money to farmers
Neeraj Ghaywan, Varun Grover to donate National Award prize money to  farmers
Director Neeraj Ghaywan and Varun Grover say they will donate the prize money for relief work for distressed farmers in Maharashtra.


Entertainment
Our stories need to be more realistic, inclusive: Kalki Koechlin
Our stories need to be more realistic, inclusive: Kalki Koechlin
Actress Kalki Koechlin feels Bollywood stories need to be more "realistic and inclusive".


Entertainment
Michael Fassbender to play serial killer in ‘Entering Hades’
Michael Fassbender to play serial killer in  ‘Entering Hades’
Michael Fassbender is in talks to star as a serial killer in "Entering Hades" which he will also be co-producing.


Entertainment
Freida Pinto to promote women empowerment at Cannes
Freida Pinto to promote women empowerment at Cannes
Freida Pinto to launch the first project of We Do It Together, which focuses on women empowerment in the entertainment industry at Cannes.






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