Thursday, November 15, 2018

November 14, 2018 - Flipkart CEO Binny Bansal Resigns After Sexual Assault Allegation

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TradeBriefs Editorial From the Editor's Desk

The Surprising Power of The Long Game - Shane Parrish
It's easy to overestimate the importance of luck on success and underestimate the importance of investing in success every single day. Too often, we convince ourselves that success was just luck. We tell ourselves, the school teacher that left millions was just lucky. No. She wasn't. She was just playing a different game than you were. She was playing the long game.
The long game isn't particularly notable and sometimes it's not even noticeable. It's boring. But when someone chooses to play the long game from an early age, the results can be extraordinary. The long game changes how you conduct your personal and business affairs.
There is an old saying that I think of often, but I'm not sure where it comes from: If you do what everyone else is doing, you shouldn't be surprised to get the same results everyone else is getting.

Continued here

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Retail


Retail


Retail
"We aim to quadruple our revenues in next couple of years": Sanjeev Mukhija
"We aim to quadruple our revenues in next couple of years": Sanjeev Mukhija
In an exclusive conversation with Sanjeev Mukhija, Founder, Breakbounce sheds light on emerging opportunities in streetwear fashion in India.


12 More Retail Stories

I'm in an open relationship with the kirana store
I'm in an open relationship with the kirana store
When retail supermarkets arrived in India about a decade ago, there was much talk about kirana stores going extinct due to the pressure from international retail conglomerates.



Cadbury Gifting



Telecom
India effect: Vodafone posts euro 7.8 billion loss in H1

Impairment charges related to investments in Spain and Romania also hit profit. The company had posted a profit of 1.2 billion euros in the same period of 2017


Telecom
Mukesh Ambani's Reliance Jio captures 20.8% of India's telecom market, up till August

From a profitability perspective, it said Jio's pretax margins were stable at 32 per cent for the last two quarters, but the same period saw second largest telco Bharti Airtel's margins sliding by 4.40 per cent


Telecom


9 More Telecom Stories

Reliance may add more land to Rs 10000 crore Jio Institute project

The land parcels will be in addition to the 800 acres of land earmarked for the ₹10,000 crore Jio Institute in Karjat, Maharashtra



Finance
The Final Milestone: One of India's early PE investors sells last two funds

Milestone Opportunities Fund 10 and Milestone Commercial Advantage Fund are registered private equity (PE) funds with combined assets under management valued at around Rs 1.5 billion


Finance


Finance
IL FS crisis fallout: Sebi tightens disclosure norms for credit rating agencies

The credit rating agencies (CRA) will now need to disclose the liquidity position of the company being rated, says Sebi in a new circular


26 More Finance Stories

Watch out Goldman, Capitol Hill: Amazon is here for your talent

Amazon decision to split its second headquarters was a calculated move to poach the best and brightest from two of the biggest talent pools in America: New York City and Washington D.C.



 IT Audit -26th Sept'18 , Mumbai

Today's TradeBriefs Cartoon

Food/FMCG
Hershey's bets on healthy snacks to drive growth in India

Hershey's has launched a line of premium protein cookies under the Sofit brand to enter the crowded biscuits market dominated by Britannia, Parle and ITC


Food/FMCG
5 FMCG categories that never existed before
With increasing awareness about how nutritional elements impact our body’s fitness and health quotient, snacking has now veered towards a variety of gourmet nuts and traditional seeds, thereby opening up a new playing field for producers of such products


Food/FMCG
Why Anti-Profiteering Investigator Wants HUL To Pay Three Times More

The Directorate General of Anti-Profiteering found Hindustan Unilever Ltd. profiteered to the extent of Rs 495 crore.


2 More Food/FMCG Stories

FMCG hits high note again
Leaving behind the demonetization scar and GST huddle, FMCG companies have now bounced back, rising high on new-found consumer sentiment



Software
Infosys is crowdsourcing employee feedback to improve its managers

Using an online platform betters the frequency, ease, and measurement of feedback.


Software
How online learning platforms are bridging demand-supply gap in IT manpower requirement

There is a skill shortage in the IT industry in areas like web development and data science, where the global shortage is expected to grow from seven million to 23 million by 2022, with the 1.2 millio...


Software
Indian BPM companies join IT peers in US hiring spree

EXL Services appointed a new head of US talent acquisition, poaching from a top-tier tech-focused consulting company.


10 More Software Stories

Binny Bansal's email to Flipkart employees

Dear Flipkart Family,Since co-founding Flipkart with modest resources in 2007, the journey we have embarked on together has been arduous and rewarding, culminating with the fantastic news of our partn




Today's TradeBriefs Cartoon

Ecommerce
Swiggy to deliver a $300-million exit to investors

The size of the investment round has ballooned to about $900 million on the back of unprecedented investor interest in Indias largest online food-delivery platform.


Ecommerce
At 30% of annual revenues, Flipkart spends thrice as much on ads as HUL

Indias largest ecommerce company has told the Delhi High Court in a trademark case that Flipkart Internet — the company that operates the eponymous marketplace-spent Rs 721 crore on advertising and marketing in FY17.


Ecommerce


4 More Ecommerce Stories

Digital
Tech founders often fail as business leaders, but not Facebook CEO Mark Zuckerberg. What is he doing right?

Zuckerberg and Sandberg combo provides Facebook with a kind of stability that companies run entirely by charismatic -- but often mercurial -- tech founders don't have


Digital
Digital is where the money is: YouTube doubles ad rates for India; Facebook, Twitter may follow suit

As of now, a basic digital media campaign reaching 1 billion impressions -- the total number of views -- costs around Rs 3 crore according to a rough industry estimate


Digital
Internet traffic hijack disrupts Google services

Service interruptions lasted for nearly one and a half hours and ended about 5:30 pm EST (4 am IST)


5 More Digital Stories

There's a need to bring about change in the way financial products reach real India: MobiKwik's Upasana Taku

The problems of ticket size, ease of use and access to financial products are what we are trying to solve, says Upasana Taku, co-founder and director, MobiKwik




Franchise
Havmor appoints Anindya Dutta as managing director

Havmor, India's leading ice cream brand and a wholly owned subsidiary of South Korean conglomerate Lotte Confectionery, has appointed Anindya Dutta as its new managing director.


Franchise
OYO Hotels to double number of hotels to 400+ in a year

OYO Hotels announces expansion plans for Odisha to double footprint in the state by raising the total count of hotels to 400 from over 190 at present in the next one year.


Franchise
Why WeWork may have its landlords in a corner

Derided by some as a real estate company masquerading as a technology company, it has been called everything from a "$20 billion house of cards" to a "Ponzi scheme."


2 More Franchise Stories

Ideas for Profit | Eicher Motors: Strong franchise available at decent valuation; accumulate

We continue to exude confidence in the company on the back of its dominant position in bikes with engine displacement above 250cc and a shift in customer preference towards premium products. The recent correction have made valuations attractive



HR
How HR Professionals Can Be The Real Change Makers In The #MeToo Movement

HR professionals need to be empowered as well as sensitised to create systems that work irrespective of designation of the accused.


HR
Exits of Bansals could dent morale of young entrepreneurs

Binny Bansal's exit now, six months after the deal, has left several Flipkarts employees with asense of uncertainty.


HR
Apple hires Nokia's Ashish Chowdhary as new India head

Cupertino based technology giant Apple has done an important hiring in India today. The company has hired Ashish Chowdhary, who previously served as Chief Customer Operations Officer for Nokia as its new Country Manager for India. He will take over the operations starting January 2019. Prior to Chowdhary, Michel Coulomb served as the head of …


7 More HR Stories

Jobseekers rejoice as hiring in India jumps 21% in October; this sector on recruitment spree

While demand for freshers rose 24% with an experience in the range of 0-3 years, the trained professionals having an experience of 4-7 years saw an increased demand of 22% during the month as compared with the same month last year.




Logistics
Airbus its ex-India head hire 3 law firms to fight ED charges

Airbus and its former India chairman have hired 3 law firms to tackle money laundering allegations.


Logistics
LME eyeing tie-ups in India to set up warehousing chain across country

London bourse seeks to strengthen its influence over commodity markets here


Logistics
5 Innovative Technologies Reforming the Logistics Sector in India

Chander Agarwal - Though the industry is still in its development stage, the logistics industry presently comprises around 13% of India's GDP that is more than USD 300 billion., , technologies, Logistics Sector


10 More Logistics Stories

Meet The South African Pilot JRD Tata Called the Undoubted 'Founder of Indian Air Transport'

Considering the current state of Air India, Nevill Vintcent's words in 1931 were prophetic. His partnership with JRD Tata created history in India.



Construction
Brigade REAP wants to be the go-to accelerator for realty-tech startups in India

Last year when Bangalore Metro Rail Corporation Limited set out to improve last-mile connectivity for commuters on the city's metro railway network, it turned to a bunch of technology startups to help them build apps to solve specific problems. One of those was Kodikas Technology Pvt. Ltd, developer of smart parking platform Constapark. Within a year of being signed up for the project, Constapark was acquired by rival Get My Parking. The deal marked the first successful exit for Brigade REAP, the startup accelerator programme from Bengaluru-based real estate developer Brigade Group.


Construction
JLL India appoints Jaideep Dang to spearhead hotels and hospitality business

In his earlier stint with the firm from 2004 till 2011, Jaideep was instrumental in carving a premium positioning for JLL's hotels & hospitality bus..


Construction
Warren Buffett's big real estate bet: Eyes expansion into Milan, Dubai

One of Warren Buffett's real estate brokerages waited 18 years to sign its first overseas franchise deal. Now the firm is extending its reach to regions from Italy to Japan and the Middle East.


7 More Construction Stories


Marketing
The rise of goodvertising: Do consumers actually buy it?

How does a brand remain authentic in its pursuit of purpose and how effective is purposeful advertising? Experts open up...


Marketing
Indian multibrand fashion retailers are switching to private labels, but it's not going to be easy

The promoter of a homegrown kidswear brand was recently lamenting that some of the leading multibrand fashion retailers have discontinued retailing his brand through their stores as they have created their own private labels.


Marketing
MS Dhoni is BharatMatrimony brand ambassador

India Business News: BharatMatrimony on Monday announced cricketer Mahendra Singh Dhoni as its brand ambassador.


449 More Marketing Stories

Digital is where the money is: YouTube doubles ad rates for India; Facebook, Twitter may follow suit

As of now, a basic digital media campaign reaching 1 billion impressions -- the total number of views -- costs around Rs 3 crore according to a rough industry estimate



Politics
Rs 500 Crore Hawala Cash Documents Recovered In Poll-Bound Madhya Pradesh
Rs 500 Crore Hawala Cash Documents Recovered In Poll-Bound Madhya Pradesh
The IT department conducted raids at 17 different locations in the state, say sources.


Politics
Supreme Court To Hear Crucial Rafale Jet Deal Case Today: Live Updates
Supreme Court To Hear Crucial Rafale Jet Deal Case Today: Live Updates
The Supreme Court Wednesday commenced its crucial hearing on pleas seeking a court-monitored probe into the procurement of 36 Rafale fighter jets from France.


Politics
"Failed Politics": Arun Jaitley's Dig At Rahul Gandhi Over Rafale

Hitting back at Rahul Gandhi, Finance Minister Arun Jaitley on Tuesday said the Congress President's failed politics is compelling him to resort to 'falsehood', 'petty hair-splitting' and making the Rafale deal a controversy.


10 More Politics Stories

How Indian Railways' flexi fare scheme impacts its revenue
How Indian Railways' flexi fare scheme impacts its revenue
While flexi-fare (surge pricing) scheme for train tickets helped generate more income for Indian Railways, it led to a reduction in number of passengers due to high prices




Sports
Roger Federer 'one the biggest box-office athletes', deserves prime-time slot, says Australian Open boss Craig Tiley
Roger Federer 'one the biggest box-office athletes', deserves prime-time slot, says Australian Open boss Craig Tiley
Craig Tiley stated that Roger Federer's status as one the "biggest box-office athletes" makes it imperative that his matches be aired in prime time.


Sports
Mithali Raj talks about her favourite stroke, preparation for tours and why she is 'very happy being single'
Mithali Raj talks about her favourite stroke, preparation for tours and why she is 'very happy being single'
Mithali Raj interacted with a group fans before leaving for the Carribeans with the rest of the Indian team for the ongoing World T20.


Sports
Rohit Sharma rested for India A opener in New Zealand, will fly directly to Australia
Rohit Sharma rested for India A opener in New Zealand, will fly directly to Australia
Rohit Sharma has made the Test team on the back of his stellar performances in limited overs cricket.


14 More Sports Stories

It won't be easy for Mary Kom, says High Performance Director Santiago Nieva
It won't be easy for Mary Kom, says High Performance Director Santiago Nieva
One of the most decorated boxers from India, Mary Kom is a five-time world champion and London Olympics bronze medallist.



Entertainment
Karan Johar to host Economic Times Awards for Corporate Excellence
Karan Johar to host Economic Times Awards for Corporate Excellence
Besides filmmaking, Karan Johar absolutely enjoys hosting several types of big events and award shows. As he is currently hosting his talk show Koffee With Karan, Karan is also set to be MC of the upcoming Economic Times Awards for Corporate Excellence. Karan Johar has often hosted several corporate award shows in India. His senseRead More


Entertainment
When Stan Lee wrote DC superheroes
When Stan Lee wrote DC superheroes
While Stan Lee's work at Marvel is very well-known, what is not so well-known is his work at DC. In 2001, he re-imagined the most popular DC heroes. This is how his DC trinity was like.


Entertainment
As Ranveer Singh and Deepika Padukone get married, here's looking back at their love story
As Ranveer Singh and Deepika Padukone get married, here's looking back at their love story
As Deepika Padukone and Ranveer Singh tie the knot in Italy on November 14 and 15, here's looking at their beautiful love story.


5 More Entertainment Stories

Aquaman to release in India before US
Aquaman to release in India before US
The first DC film since last year's Justice League, Aquaman centres on a human-Atlantean hybrid Arthur Curry (Jason Momoa) who is called upon by Amber Heard's Mera to take the Atlantean throne as its rightful king.




Work
Stan Lee created the nerd culture that is eating the world
Stan Lee created the nerd culture that is eating the world
A burst of creativity in the 1960s paved the way to today's mass-market entertainment.


Work
Google Internet Traffic Is Briefly Misdirected Through Russia, China
Google Internet Traffic Is Briefly Misdirected Through Russia, China
Google services were temporarily unreachable for some users after some traffic intended to reach the web giant was rerouted through other networks.


Work
Infosys is crowdsourcing employee feedback to improve its managers
Infosys is crowdsourcing employee feedback to improve its managers
Using an online platform betters the frequency, ease, and measurement of feedback.


15 More Work Stories

Air India's troubles stretch from the balance sheet to the cockpit
Air India's troubles stretch from the balance sheet to the cockpit
A senior pilot's licence has been suspended for failing a pre-flight alcohol test.



Life
When Stan Lee created an Indian superhero to keep Mumbai safe
When Stan Lee created an Indian superhero to keep Mumbai safe
The teenage character had a touch of Spider-Man and Iron Man, but with a desi twist.


Life
Indian politics has a long history of seeking help from Bollywood
Indian politics has a long history of seeking help from Bollywood
Modi's keenly following Nehru's approach. 


Life
A shrinking Japan worries about its people leaving—but not about foreigners coming in
A shrinking Japan worries about its people leaving—but not about foreigners coming in
With its shrinking population, the number of people worrying about the departure of Japanese nationals to other countries has risen sharply.


9 More Life Stories

100 years after women got the vote, German politics remains overwhelmingly male
100 years after women got the vote, German politics remains overwhelmingly male
Female lawmakers make up just 31 % of the German Bundestag, its lowest level in 19 years.




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