July 2, 2015 - Digital India: India Inc. commits Rs 4.5 lakh crore investment, 18 lakh employment

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Digital Digital India: India Inc. commits Rs 4.5 lakh crore investment, 18 lakh employment India's top industrialists including Cyrus Mistry, Mukesh Ambani, Anil Ambani, Kumar Mangalam Birla and Sunil Bharti Mittal applauded the government's Rs 1.13-lakh-crore Digital India programme, saying it had the potential to bridge the digital divide and benefit billions of people through digital solutions in education, healthcare and irrigation sectors. Digital End of Drama! The bad boy of Indian startups Rahul Yadav has been finally kicked out of Housing.com After multiple bouts of speculation and much drama, Rahul Yadav--the 26-year-old chief executive officer and co-founder of real-estate portal Housing.com--has been fired from his job. Digital Ratan Tata picks up stake in taxi hailing app Ola Bhavish Aggarwal, CEO and cofounder, Ola, said Tata's investment was "a huge endorsement from one of the most respected business leaders of our times and reflects Ola's commitment towards the future of mobility in India" Digital Google and Tiger Global-backed customer support software firm Freshdesk plans for IPO, prepares for mobile era While ecommerce firms like Flipkart and Snapdeal have been talking IPOs since last year, enterprise startups, the ones that sell technology, are only now beginning to open up about the possibility of listing. Retail Infibeam eyes $70M in IPO; first pure-play Indian e-commerce firm to hit the bourse Just Dial is morphing into an e-commerce platform and Koovs is listed on London's AIM. Retail Future Grp to support start-ups with selective approach:Biyani Kishore Biyani-promoted Future Group today offered to support start-ups with a selective approach. Future Group has offered financial packages to young and bright start-ups to support their ventures with disruptive ideas though on case-to-case Retail Burma, once a pariah state, gets its first taste of KFC US chain KFC opened its first outlet in Myanmar's commercial capital Yangon Tuesday, becoming the first major western fast-food chain to... Retail Ratan Tata's interest in India startups grows, invests in Ola Tata Sons Chairman Emeritus and industry icon Ratan Tata who has shown a penchant for investing in startups in the past two years, has now cherry picked taxi hailing service Ola, which has quickly established itself as the leader in that sgement. Telecom Digital India launch: RIL pledges Rs 2.5 lakh cr investment, Tatas to hire 60K IT professionals Prime Minister Narendra Modi on Wednesday launched the "Digital India Week" as part of the larger initiative to empower the people and extend services better with the use of information technology and its tools. Telecom Digital India: Plan to invest $9 billion over 5-years, says Kumar Mangalam Birla Digital India: CEOs commit to invest Rs 4.5 trillion - The launch ceremony of Digital India week by Prime Minister Narendra Modi, at the packed Indira Gandhi Indoor Stadium, was attended by who's who of India Inc, as also top executives of a number of foreign companies, who committed huge investments in creation of infrastructure and setting up of manufacturing units. Telecom 'M-Governance (Mobile, Not Modi),' Quips PM at Digital India Push: 10 Facts India's top businessmen including brothers Mukesh and Anil Ambani, Azim Premji and Sunil Mittal were present in Delhi as the Prime Minister launched 'Digital Week' in Delhi to work towards a campaign promise of connecting 2,50,000 villages by 2019. Telecom National Security Clause must for companies entering key sectors of telecom, defence & private security companies National Security Clause must for companies entering key sectors of telecom, defence and private security companies - The national security clause is an integral part of the newly finalised national security clearance policy prepared to give fast track security clearance to projects in these three key sectors while keeping the national interests intact. Finance Finance ministry working on package for funds requirement of public sector banks: Jayant Sinha For the current fiscal, the government has allocated Rs 7,940 crore in the Budget for capital infusion in state-owned banks. Finance Financial inclusion agenda may see MFIs win bank licences With the RBI about to award small bank licenses in the pursuit of its 'financial inclusion' agenda, we expect to see some microfinance institutions (MFIs) win banking licenses, and this could transform the sector. Finance Apollo Global Management, Baring Asia frontrunners in race for Religare; deadline for final bids by month-end The current market capitalisation of Religare Enterprises is Rs 5,626.31 crore, down around 15 per cent from May when the sale process was launched. Finance Jabong's owner GFG raises $168M from existing investors AB Kinnevik and Rocket Internet Global Fashion Group (GFG), the holding company of Gurgaon-based lifestyle fashion and apparel e-tailer Jabong.com, has raised €150 million ($167.7 million) from existing investors AB Kinnevik and Rocket Internet. Food/FMCG UK Food Standards Agency finds made in India Maggi safe to eat FSA gave a clean chit to Nestle for Maggi manufactured in India saying levels of lead in the product are well within the EU permissible levels. Food/FMCG Mukul Deoras named global chief marketing officer at Colgate-Palmolive Colgate-Palmolive has elevated Mukul Deoras as its new CMO, adding to the growing list of Indians who have been given leadership roles in multi-national FMCG firms. Food/FMCG Maggi effect: Nestle offers premium milk at a discount Nestle India Ltdis offering a 33% discount on its premium milk range to induce trials and increase sales in an attempt to offset revenue loss from the ban on Maggi noodles in India. Food/FMCG Gillette India to stop distributing Duracell batteries from December Gillette India will stop selling Duracell batteries from December after parent company Procter & Gamble divested the brand globally. Software 'Digital India Week' backed by big corporates: Tatas to hire 60K IT employees, RIL pledges Rs 2.5 lakh crore investment Prime Minister Narendra Modi on Wednesday launched the "Digital India Week" as part of the larger initiative to empower the people and extend services better with the use of information technology and its tools. Software Mismatch between programmers and technology : Indian students fall behind in adopting new languages In United States, Java takes the cake with 25%, closely followed by Python. In comparison, a fifth of the people surveyed lean towards Java in India. Software BSE IT Index ends in red as Gartner rings alarm bells on software tech spending in 2015 According to Gartner, global technology spending is set to witness a steeper drop this year than was previously anticipated, weighed down mainly by currency fluctuations. Software After a shaky March quarter, IT firms may be looking to post stronger numbers in Q1 BENGALURU | MUMBAI: After a disastrous show in the March quarter that spooked investors, India's top software firms led by Tata Consultancy Services (TCS) and Infosys will be looking to post robust numbers during the seasonally strong April-June period ...India's Top IT Firms to Post Strong Revenue Growth for June Quarter, Say Analysts Ecommerce Housing.com directors fire CEO Rahul Yadav on account of his so-called objectionable behaviour towards investors and the media Housing.com's board of directors fired chief executive Rahul Yadav, a co-founder of the property-listing website, on account of his behaviour towards investors and the media Ecommerce Paytm mulls launching Alitrip-like travel marketplace; in advanced discussions with the Alibaba Group to raise $600 million Paytm is planning to launch a travel marketplace on the lines of Alitrip, the travel marketplace run by Chinese e-commerce company Alibaba Group in its home m.. Ecommerce PropTiger co-founder launches used-car marketplace 19miles; raises Rs.2.5 crore from an angel investor recently 19miles, which is operational in Delhi, will branch out to Mumbai and Bengaluru in the next three months Ecommerce Jabongs owner GFG raises $168M from existing investors AB Kinnevik and Rocket Internet; to strengthen its fulfilment, marketing and product development The company that runs online fashion store Jabong has raised €150 million from existing investors AB Kinnevik and Rocket Internet, valuing the German group at €3.1 billion Franchise Franchisee Journey: From event manager to Experimac franchisee in Sandy Springs, Ga Neil Kent spills on being an Apple-loving Experimac franchisee. Franchise With $1.3bn, Kalyan boss is the richest jeweller in India Kalyan Jewellers' chairman and managing director T S Kalayanaraman, is the wealthiest jeweller in India with a personal fortune of $ 1.3 billion, says Wealth-X report HR Housing sacks CEO Yadav for misconduct In what could be a first for the burgeoning e-commerce economy, the board of Housing.com, a real estate listing site, has sacked its CEO and co-founder Rahul Yadav for misconduct, marking the end of a rocky three-year-old relationship at one of India's hottest startups. HR Parliament panel wants doubling of pay, automatic pay revision mechanism A parliamentary panel has recommended doubling the salary of law makers and also increasing pension of former MPs by almost 75%. HR 'Digital India' to attract FDI, create jobs: Anil Agarwal Prime Minister Narendra Modi's 'Digital India' drive will attract foreign direct investment in the country and generate jobs, Vedanta Group Chairman Anil Agarwal said HR HSBC manufacturing PMI shrinks to 51.3 in June, job strain stays HSBC India Purchasing Managers' Index (PMI) fell to 51.3 in June from 52.6 in May, amid slowest rise in new orders since September 2014. Logistics Alibaba Group Holding Ltd Launches Trade Facilitation Center (TFC) In India; will help grow supply and consolodate business with SMEs Logistics With 11,000 rpm and an 8 lakh tag, Honda CBR650F sports tourer motorcycle arrives at a dealership Honda CBR650F launch is not far as the locally assembled medium displacement sportsbike has been spotted at a dealership. It would be priced under INR 10L. Logistics CCTVs outdated, Bombay HC tells railways; closed circuit television can help maintain vigil against crimes better The Bombay High Court today asked railways to upgrade its system so as to prevent crime against women in local trains and on platforms and consider forming an expert committee to study advanced technologies globally. "The CCTVs on platforms and Logistics Jet Airways launched new website to attract smart phone users; improved interface for better customer experience Jet Airways, India's premier international airline, on Wednesday launched its new website jetairways.com, which has been built around the theme 'Designed to Delight.' Construction $1.3 billion invested by PE funds in India since January'15 PE investments in real estate rose sharply in the first six months this year, with global funds taking the lead in backing affordable housing developments, office parks and mixed-use projects. Construction Lucknow Muncipal Corporation officials say that AMRUT is for better civic development The gaps of UPA's JNNURM scheme would be filled in by the NDA's AMRUT (Atal Mission for rejuvenation and Urban Transformation) Yojna, claimed Lucknow Municipal Corporation officials while detailing out the agenda of various civic works to be taken up under AMRUT in Lucknow. Two new components have been added to the scheme this year—provision of urban transport and green patches and park. Construction Godrej Properties to develop new housing project in South Bengaluru spread over 18 acres Realty firm Godrej Properties on Wednesday said it will develop a new residential project in Bengaluru. Construction Punj Lloyd to raise Rs 1500 cr term loan after it gets shareholders nod Infrastructure major Punj Lloyd has received shareholders' approval for taking term loans up to Rs 1,500 crore with the condition that the lenders can get the debt converted into equity shares in case of a default. Marketing Small local brands with deeper reach & lower price give Pepsi, Coke a run for their fizz : Report There was a time not long ago when strategic discussions between global and Indian teams of beverages giants Coca-Cola and PepsiCo mostly centred on their arch rival. Marketing 8 Insights On How Marketing Drives Movie Box Office Sales : Report Movie studios spend an average of $30 million to market the typical PG-13 action film in the U.S. That's a lot of scratch, even for Hollywood's studio royalty. So with marketing often a make-or-break factor for action files, movie marketing executives fret endlessly about where to invest their ad dollars for best results, given a plethora of media channels and choices. So how can movie marketing moguls know what really works and what doesn't in order to spend their money most wisely to drive ticket sales? To uncover some helpful answers, Google and MarketShare activated the latest advanced marketing analytics technology to investigate how television, digital, video, social media, search and other forms of advertising influence box office sales for the summer staple of action films. Marketing The ICC's strategic plan is little more than a marketing document : Just not cricket It is extremely disappointing that the ICC is treating the cricketing world like a bunch of stooges. It would be much better for them to tell the truth. That is, they will do whatever it takes to protect the status quo. There is nothing wrong with that, unless of course, you have just lied to the public and said the exact opposite. Marketing How Brands Are Paving the Way for Periscope Marketing : Must read As more brands join and use apps like Periscope and Meerkat, it's becoming clear that live streaming will play a major role in digital and social marketing in the coming months and years Politics BJP Leader Subramanian Swamy Thinks Homosexuals Are 'Genetically Handicapped' NEW DELHI — While the world united in celebrations after the American Supreme Court granted same-sex couples the right to marry in a judgement seen as a milestone for gay rights movement, in Ind Politics AAP demands CBI probe into mysterious deaths of those involved in Vyapam scam Aam Aadmi Party (AAP) on Wednesday demanded a CBI probe into the mysterious deaths of those involved in the high-profile Vyapam scam. Politics Nitish setback – Ara court blast accused names JD(U) MLA as facilitator Politics Vasundhara spooked Congress can no longer tell "black money" from "black magic" Sports BCCI considering performance-based incentives for Indian team The BCCI is considering performance-based financial incentives for its international cricketers Sports Focused, passionate and consistent: Dilip Vengsarkar backs new Team India skipper Ajinkya Rahane Dilip Vengsarkar said that Ajinkya Rahane has 'come of his age.' Sports Wimbledon: Novak Djokovic, Maria Sharapova march on; Ana Ivanovic knocked out Top seeds Novak Djokovic, Maria Sharapova, Stan Wawrinka, Serena Williams cruise on a very very hot day. Sports India come back from behind to edge past Malaysia 3-2 Jasjit Singh proves drag-flick prowess by scoring brace in 3-2 win over Malaysia in HWL Semifinals. Entertainment Watch: Michael Fassbender depicts the other side of Steve Jobs in new trailer 'Steve Jobs' is said to be based on Walter Isaacson's biography of the same title. Entertainment Watch 'All is Well' trailer: Journey of Abhishek Bachchan, Rishi Kapoor's tu tu main main The trailer of Abhishek Bachchan's upcoming movie 'All is Well' is finally out, and we must say that it is a total family entertainer. Entertainment Kapil Sharma to take a break from 'Comedy Nights With Kapil', will shoot the "last episode" with Salman Khan Kapil Sharma is taking a break from his popular TV show "Comedy Nights with Kapil" because of bad health. Entertainment Romantic singer tag is unintentional: Arijit Singh Arijit Singh is relishing the tremendous love he is receiving from his fans for his romantic tracks, but says the offers he receives are not in his hands. 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