Tuesday, November 20, 2018

November 19, 2018 - Myntra CEO clears air, says no reason to quit

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TradeBriefs Editorial From the Editor's Desk

How to Scale a Magical Experience: 4 Lessons from Airbnb's Brian Chesky
Over the last 20 years, I've worked on or invested in many companies that scaled to 100 million users or more. And just about every entrepreneur I meet with has that ambition as they get started. But here's the thing: You don't start with 100 million users. You start with a few. And in many ways, the best way to begin is to stop thinking big, and start thinking small. Hand serve your customers. Win them over, one by one. And don't stop until you know exactly what they want.
That's what Brian Chesky did. As co-founder and CEO of Airbnb, Brian's early work was more akin to a traveling salesman. He went door-to-door, meeting Airbnb hosts in person, taking photographs of their space, and learning what they did and didn't like about his product.

Continued here

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Ecommerce
Myntra CEO clears air, says no reason to quit
Myntra CEO clears air, says no reason to quit
Myntra CEO Ananth Narayanan on Friday denied reports he had resigned and said the online retailer will continue to run as a separate business


Ecommerce
L'Oréal India wins judgement on counterfeits against Shopclues.com
L'Oréal India wins judgement on counterfeits against Shopclues.com
"The court also held that shopclues.com was disqualified for the exemption under Section 79 of the Information Technology Act, 2000 as the websites r..


Ecommerce
How do they really know? That's the question that immediately comes to mind in reviewing the top-level data from Voxpro's recent survey of customers and their relationship with chatbots. The data show that 68 percent of consumers haven't used chatbots to contact a brand. About 1,000 people answered the survey. How reliable is that number, though? I'm not disrespecting Voxpro -- just the opposite.
1 More Ecommerce Stories

These were the most searched keywords, brands in India this festive season
These were the most searched keywords, brands in India this festive season
The top players in the space, Amazon, Flipkart, Snapdeal etc. have their own festive sales, where they offer huge discounts to outdo each other.



 IT Audit -26th Sept'18 , Mumbai

Digital
In Modi's 'Digital India', Less Than 2.5% of Villages Have Commercial Broadband Connections ...

Modi's flagship BharatNet project is nowhere near its goal of functional internet for all.


Digital
'Two-factor authentication in India far more secure than digital payments in US'

Saket Modi, Chief Executive and co-founder of Lucideus Technologies, has categorically stated that the digital payment companies in the US were 8 times more vulnerable to fraudulent attacks compared t


Digital
Government is asking Facebook for more and more data about you

Since 2015, Facebook recorded an increase of 63% in user accounts in India, but there is a rise of almost three-fold in the number of requests by the government on information and user accounts.


7 More Digital Stories

From postmen to chatbots: How DHL Express India is transforming into digital logistics network

In an interview with ETCIO, Prasad Dhumal, VP - IT, DHL Express India throws light on How they are adopting "Evolution, Not Revolution" approach w..



Franchise
Quick service restaurants learn tough lessons in India

After spectacular growth, fast food majors saw a steep decline in sales. The last few months, ...


Franchise
Chai Point to start hybrid pay model, eyes expansion

System to be integrated in tea chains beverage dispenser model called BoxC.


Franchise


Today's TradeBriefs Cartoon
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HR
Flipkart gets HR head after 18 months

India Business News: Smriti Singh, who was previously the executive vice president and HR head for Sony Pictures Networks India, is the CHRO, industry sources said. She is


HR
4 Best HR Practices That Won't Put Your Acquisition Deals On Hold

Joel Paul - The worth of corporate deals in India has doubled in 2018 to date compared to 2017, driven by big-ticket consolidation across various sectors, , hr, people, mergers and acquisitions, employee, skills


HR
MSMEs need to understand the importance of human resource: Expert

The best strategy for Micro, Small and Medium Enterprises (MSMEs) to grow in market like India is to understand the importance of Human Resource (HR), said Marcos Segador Arrebola, Country Manager of Gi Group India.


3 More HR Stories

Lower earnings of India Inc hit CEO bottom line

The average pay of MDs and CEOs of companies listed on the NSE rose just 8% in FY18.



Logistics
India revives its dream of manufacturing passenger aircraft

India is making renewed efforts to join the small club of nations that make passenger aircraft.


Logistics
India's watershed moment: A snapshot of the country's first multi-modal river port

The National Waterways Act, which identified 111 inland national waterways, is expected to give a boost to this mode of transport.


Logistics
No DGCA relief to planes with 'faulty' engines

The troubled Pratt & Whitney engines have on occasion stopped working midflight and forced groundings.


9 More Logistics Stories

GST, a game-changer reform for logistics sector

In pre-GST era, the industry was struggling to add value to its customers, compared to global peers



taggit



Construction
Starting young: Meet professionals buying homes before 30

Higher incomes, entrepreneurial opportunities and easy access to information are factors helping guide their decision.


Construction
Altico invests ₹570 crore in Bengaluru real estate projects

Altico Capital has backed projects of Assetz Property Group and a plotted development project of Century Real Estate Holdings in Bengaluru


Construction
NBCC (India): A giant order book and an earnings disappointment in Q2

With profitability taking a hit for the second straight quarter, analysts have pared their earnings estimates for NBCC India


3 More Construction Stories

More realtors go for solar rooftops

An affordable housing project in suburban Serampore is aiming to become the second-largest in housing rooftop solar globally with a generation capaci..



Marketing
When Nerolac turned baggage belts into shade cards

We spoke to Peeyush Bachlaus, GM - marketing, Kansai Nerolac Paints, about the outdoor campaign.


Marketing
Alyque Padamsee: The secret of my double life in Indian advertising and theatre

Theatre develops your imagination, while advertising develops your analytical powers.


Marketing
Shah Rukh Khan wants to 'unofficially' be Air India brand ambassador

Air India replied that it is humbled when 'King Khan' is the brand ambassador for 'Maharaja'


464 More Marketing Stories

For Maruti Suzuki and Hyundai, old brands are still efficient

Hyundai has tried to reinvent the memory of Santro and Maruti Suzuki is also trying to dig into the past looking for some emotive plugs for consumers for Alto




Politics
Union Minister To Visit Sabarimala, Temple Body To Move Court Today
Union Minister To Visit Sabarimala, Temple Body To Move Court Today
Union Minister KJ Alphons is set to visit Sabarimala today to study the facilities meant for the pilgrims. Mr Alphons said that he wants to review the facilities provided to the pilgrims.


Politics
PM Modi To Chair Meet With Top Industrialists On 'Ease Of Doing Business'
PM Modi To Chair Meet With Top Industrialists On 'Ease Of Doing Business'
Prime Minister Narendra Modi will chair a meeting with top industrialists and policy makers on Monday to brainstorm on measures required to realise his vision of India breaking into the top 50 in the World Bank's ease of doing business index, sources said.


Politics
For Telangana Polls, Congress Releases Last List Of Six Candidates
For Telangana Polls, Congress Releases Last List Of Six Candidates
The Congress released its last list of six candidates for the Telangana assembly election Sunday.


20 More Politics Stories

"First Temple, Then Government": Shiv Sena's New Slogan Ahead Of 2019

Shiv Sena chief Uddhav Thackeray Sunday sought to intensify the party's campaign for Ram temple in Ayodhya by giving a new slogan which called for the construction of temple before government.



Sports
'All of us could have been banned for life': Dwayne Bravo opens up on 2014 India tour debacle
'All of us could have been banned for life': Dwayne Bravo opens up on 2014 India tour debacle
In the middle of the 4th ODI between India and West Indies in 2014, the West Indies Cricket Board informed BCCI that it had decided to call off the remainder of tour after a "contracts fall" with players.


Sports
Women's World Boxing Championships: Mary Kom storms into quarters, says will try to win gold
Women's World Boxing Championships: Mary Kom storms into quarters, says will try to win gold
Mary Kom is currently tied with Katie Taylor of Ireland on five gold in the World Championships.


Sports
Pat Cummins says he will be surprised if Virat Kohli keeps quiet
Pat Cummins says he will be surprised if Virat Kohli keeps quiet
Prior to departing for Australia, Virat Kohli insisted he realised he doesn't need to get into confrontations to get a feel of the contest. But Pat Cummins doesn't think so.


13 More Sports Stories

Can't see myself becoming a politician, says Viswanathan Anand
Can't see myself becoming a politician, says Viswanathan Anand
With two big names in Rajinikanth and Kamal Haasan taking the plunge into politics in Tamil Nadu, Viswanathan Anand denied he wishes to join the list.




Entertainment
From Lalitaji to the Liril girl, here's a look at popular ad-filmmaker Alyque Padamsee's creations
From Lalitaji to the Liril girl, here's a look at popular ad-filmmaker Alyque Padamsee's creations
Popular ad-filmmaker, theatre personality and actor Alyque Padamsee passed away on Saturday in Mumbai.


Entertainment
T-Series to take legal action against Kamal Anand for making Gulshan Kumar biopic
T-Series to take legal action against Kamal Anand for making Gulshan Kumar biopic
T-series has decided to take serious action against Kamal Anand, who had recently announced his wish to make a documentary based on the life of Gulshan Kumar.


Entertainment
Singer Chinmayi's membership from Tamil dubbing union terminated
Singer Chinmayi's membership from Tamil dubbing union terminated
The Tamil dubbing union's move against popular singer and one of the leading faces of #MeToo movement in south India, Chinmayi, is widely being perceived as a backlash for speaking out against powerful men in the industry.


20 More Entertainment Stories

The Third Wife wins Best Film award at Kolkata International Film Festival
The Third Wife wins Best Film award at Kolkata International Film Festival
The 24th edition of Kolkata International Film Festival wrapped up with Vietnamese film The Third Wife, which won the Best Film award and an amount of Rs 51 lakh.



Work
India's Statue of Unity is so big you can see it from space
India's Statue of Unity is so big you can see it from space
The 182-metre structure has now earned a rare bragging right.


Work


Work


12 More Work Stories

Overnight success now requires a little more time
Overnight success now requires a little more time
Building a great consumer company is harder these days. Try anyway.




Life


Life
The science behind the health benefits of a daily gratitude practice
The science behind the health benefits of a daily gratitude practice
As the holidays approach, it's time to think about "being grateful"—but it's actually more wired-in than woo-woo.


Life


6 More Life Stories

Before and after photos show the devastation of the California wildfires
Before and after photos show the devastation of the California wildfires
The desolation left by California's deadliest wildfire



Retail
Korean lifestyle brand Mumuso to open 300 stores in India by 2022
Korean lifestyle brand Mumuso to open 300 stores in India by 2022
Kolkata, Nov 17(UNI) Korean lifestyle brand Mumuso has announced that it plans to open 300 stores across India by 2022.


Retail
It's e-commerce first for FMCG firms in new launches
It's e-commerce first for FMCG firms in new launches
It's e-commerce first for FMCG firms in new launches - Firms including ITC beta-testing products with limited period offers on e-commerce portals before launching them in stores


Retail
E-commerce policy soon, says Suresh Prabhu; expresses optimism on Ease of Doing Business rankings next fiscal
E-commerce policy soon, says Suresh Prabhu; expresses optimism on Ease of Doing Business rankings next fiscal
Suresh Prabhu said that the policy which was initially drafted by industry stakeholders was currently awaiting for clearance from the Department of Industrial Policy and Promotion.


11 More Retail Stories

Goa-ing gourmet: How the land of surf and sand is looking at uber-food experiences
Goa-ing gourmet: How the land of surf and sand is looking at uber-food experiences
How Goa is looking away from shacks, and focusing on local flavours and experimentation.




Telecom
Telecom spending in India to grow 2.1% in 2019 after 1.5% drop
Research firm Gartner's recent report on the IT spending forecast for India is indicating a substantial revival in the Indian telecom sector in 2019. The report said India's communication services spending will grow at 2.1 percent in 2019 as against an expected 1.5 percent drop in 2018. The revival will be supported by growth in …


Telecom
BSNL vows swift action on BharatNet concerns; says responsible for upkeep of optical fibre portion

BSNL has promised to take action against erring officers, but asserted that its maintenance responsibility pertains to only the optical fibre portion,..


Telecom
Govt starts facility for security testing of telecom products

The Department of Telecom has set the deadline of April 2019 for mandatory testing of some telecom products including mobile phones and equipment


8 More Telecom Stories

India's telecom sector on the road to become a billion dollar industry

The new policy replaces the National Telecom Policy-2012, making the sector more digitally competent. The initiation of new telecom policy – the National Digital Communications Policy, 2018, is targeted to make the telecom industry a billion dollar business. It aims to create $100 billion investment by 2022, also brining with itself, 4 million job opportunities. …



Finance
Adhia turned down offers of important positions: Finance Minister

India News: According to sources, government was keen to make Adhia the cabinet secretary, a position which would have ensured him a two year-term. The government


Finance
Funding in Indian startups this week (12 Nov-17 Nov )

This week 11 Indian startups received funding, of which 8 received a total sum of about $15 million. Among them, HealthifyMe raised the highest investment


Finance
Reserve Bank of India, government are set for a Monday face off

The RBI and the govt are engaged in a tussle over the central bank's capital reserves & easing of PCA norms.


22 More Finance Stories

SBI customer? Your internet banking access will get blocked if you fail to do this by Nov 30

The State Bank of India (SBI) has asked its customers to do this by the end of this month, failing which their internet banking access will be blocked.




Food/FMCG
Nestle seeks to pip Unilever to grab GSK's consumer nutrition business as Coca-Cola opts out

GSK Consumer Healthcare shares have climbed about 10% this year, outperforming the Sensex gain of 3.6%, taking it to a market cap of Rs 30,249.29 crore.


Food/FMCG
It's e-commerce first for FMCG firms in new launches

It's e-commerce first for FMCG firms in new launches - Firms including ITC beta-testing products with limited period offers on e-commerce portals before launching them in stores


Food/FMCG
Dabur, the first Indian FMCG Company to send consignment through National Inland Waterway
Dabur India has become the first domestic FMCG company to use the country's Inland Waterways for container movement by sending its first consignment through the


6 More Food/FMCG Stories

How Marico is using AI to enhance its business prospects

Marico is not only using automation but also relying heavily on analytics and AI (machine learning, in particular) to grow its own business and that of its distributors



Software


Software


Software
We will continue to invest, strengthen our operations in Nordics: HCL

IT services major HCL Technologies will continue to invest significantly in the Nordics region as it expands its headcount and delivery capabilities to further strengthen its position in the region. N


11 More Software Stories

Infosys is constructing it US Education Centre at Indianapolis for $35 million

The first hub was opened at Indianapolis in March where it plans to hire about 3,000 Americans by 2023




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