Tuesday, April 17, 2018

April 17, 2018 - Nandan Nilekani Invests $2 Mn In Assisted Ecommerce Startup ShopX

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk

FY19 to see modest 1% growth in Cement demand
Domestic cement demand is expected to register a modest growth of around 1% in FY19 on the back of a rebound in cement demand from Q4FY18 as against the earlier expectations in the third quarter, said market experts. The cement off-take has continued to remain weak in the first of FY18 and also in October 2017 because of factors such as weak real estate activity, sand shortage and GST implementation issues. However, if we look at the DIPP data, industry volumes increased by 23% yoy in February 2018. Read more

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Nandan Nilekani Invests $2 Mn In Assisted Ecommerce Startup ShopX
Nandan Nilekani Invests $2 Mn In Assisted Ecommerce Startup ShopX
Bengaluru-based assisted ecommerce startup ShopX, run by 10I Commerce Services, has raised $2 Mn (INR 13 Cr) in funding from strategic investor Nandan Nilekani.

Key Flipkart investors agree to sell stake to Walmart
Key Flipkart investors agree to sell stake to Walmart
SoftBank, the biggest stakeholder at 20%, is seeking a better price, estimated at $15-17 billion, through a secondary sale of shares.



Advt: Gartner: Agenda focused on your top MCP's
Gartner 2018
Covering content that addresses key priorities of IT Infrastructure & Operations leaders in India. View Full Agenda

Does India have the world's fastest growing smartphone market?
Does India have the world's fastest growing smartphone market?
India is home to one of the world's largest and fastest growing smartphone markets, which is expected to increase further due to population rises and competitive prices.

Samsung Galaxy S9, S9+ top global smartphone ratings: Report
Samsung Galaxy S9, S9+ top global smartphone ratings: Report
Samsung smartphones have claimed all the top 5 spots in smartphones ranking.



India may give freer rein to rupee after making into US forex list

Analysts say India's addition to the US treasury's monitoring list for currency manipulation makes it more likely the RBI will give freer rein to the rupee when it rises against the dollar

Exports as percentage of GDP lowest in last fourteen years

Given this lacklustre export performance and the clouded outlook, growth in the Indian economy will have to come from the domestic market



Advt: Gartner: Top 10 Technology Trends Impacting Infrastructure & Operations for 2018
Gartner 2018
Gartner project 10 trends that will have an impact on I&O teams and how IT operates, plans, enhances internal skill sets and supports the business over the next few years. Read more

IREC 2018

Nestlé India comes back to growth path after years

Milk products and nutrition, the largest category that contributes nearly 47.6% to the company's top line, grew 1.6%


Infra, logistic firms take to blockchain to automate processes

To ease supply-chain complexities and cut inefficiencies

Enam Securities acquires 15% in cyber-security firm Vehere

Funds will be used for R&D and new products and offerings




IREC 2018

Today's TradeBriefs Cartoon

Learning from a failure: the making of Swiggy
Learning from a failure: the making of Swiggy
Every entrepreneur's journey is different with their own share of highs and lows, but what binds each one of them is the passion to commit, and the 'never-say-no' attitude. We at Accel are proud to ha...

Fashion Ecommerce Myntra Acquires Smart Wearables Maker Witworks
Fashion Ecommerce Myntra Acquires Smart Wearables Maker Witworks
Fashion ecommerce mogul Myntra has announced that it has acquired Witworks, a Bangalore based technology startup, focussed on producing smart wearable devices and their underlying software.



Push Towards Digital India Will Improve Ease Of Doing Business: Rakesh Bharti Mittal, President, CII

Cyber crime and cyber security is something where all the governments across the world are engaged in. And industry must also look at investing significant amounts on this. This will be one thing, which will be a huge area of concern going forward,

Manufacturing cos hire expats in key artificial intelligence, digital roles to bolster global play

Companies in sectors like auto, industrial, pharmaceutical, chemical & packaging are keen on bringing in people familiar with international best practices.




Today's TradeBriefs Cartoon


Get The Keys To Your Automotive Franchise With The Funding You Need

If you have been researching automotive franchises and have identified one you believe will meet your long-term financial and personal objectives, you're probably anxious to obtain the funds to invest in it.



India's automobile industry is home to some of the highest paid CEOs

Four out of every 10 CEOs earned at least Rs10 crore in the last fiscal while the ratio of the top executive pay to the median employee salary is over 100 times

GST on employer-to-employee supplies: Will it affect your salary, HR benefits?

The new GST regime may prompt India Inc to restructure salary packages and HR benefits extended to their employees in the days ahead.





Westwell develops AI-powered self-driving container truck
Chinese tech start-up Westwell has developed an artificial intelligence (AI) powered self-driving container truck.

Suresh Prabhu discusses airport works in Goa with state govt, AAI

Both the airports (Mopa and Dabolim) will, in addition to serving passengers, cater to the growing need of cargo movement to and from the coastal state



Residential property languish as RERA fails to increase confidence

RERA perhaps it needs more teeth at the central level to hasten the process of recovery

JCB India revenue rises to Rs8,100 crore in 2017

JCB India's increased revenue from Rs5,550 crore in 2014 to Rs8,100 crore at the end of 2017 is helped by the Union govt's focus on building infrastructure across the country





Brandstand: Should Air India remain an Indian brand?

The sale of Air India should be seen as a pure-business initiative, delinking obsolete associations with pride. We must look forward to the creation of an ambitious and quality-obsessed organisation, elevating the brand to five-star stature through visionary management and inspirational service and operations

India Frozen Food Market 2013-2018 2023

DUBLIN, April 16, 2018 /PRNewswire/ --

The "India Frozen Food Market By Organized vs Unorganized Sector, By Product...



India Summons Pak Envoy Over Raising Khalistan During Pilgrims' Visit
India Summons Pak Envoy Over Raising Khalistan During Pilgrims' Visit
India today summoned Pakistan's Deputy High Commissioner in New Delhi and lodged a strong protest over attempts being made to raise the Khalistan issue during the visit of Sikh pilgrims to that country.

"AAP Workers Creating Communal Tension," Says BJP, Files Complaint

The BJP today lodged a complaint that some AAP workers dressed in saffron clothes tried to create tension by raising provocative slogans and waiving swords in front of a mosque during a Ram Navami procession here, a day after the party's Delhi unit president Manoj Tiwari made the charge.





Manchester City close in on Premier League title by beating Spurs
Manchester City close in on Premier League title by beating Spurs
Manchester City regained their swagger and closed in on the English Premier League title after beating Spurs 3-1.

CWG 2018: Manika Batra shows she is a ping-pong superstar
CWG 2018: Manika Batra shows she is a ping-pong superstar
Manika Batra creates history by becoming first Indian woman table tennis player to win singles gold at Commonwealth Games.



Dharmendra to get Maharashtra government's Raj Kapoor Lifetime Achievement Award
Dharmendra to get Maharashtra government's Raj Kapoor Lifetime Achievement Award
Director Rajkumar Hirani will get the Raj Kapoor Special Contributions Award. Maharashtra Education and Cultural Affairs Minister Vinod Tawde made the announcement via social media on Sunday.

Sonam Kapoor
Sonam Kapoor
The latest titbit on the wedding of the year is that Sonam Kapoor's mother Sunita requested the ace choreographer Farah Khan to do all dances for the sangeet event. We hear the entire industry is up and about with this event and are totes excited to put on their dance shoes to groove to Sonam's amaze dance numbers like Abhi Toh Party Shuru Hui Hai, among other songs. We hear Karan Johar will be grooving to Prem Ratan Dhan Payo title track!





Lessons from cybersecurity exits
Lessons from cybersecurity exits
To: ceo@cybersecuritystartup.com Subject: Lessons from cybersecurity exits Dear F0und3r: What a month this has been for cybersecurity! One unicorn IPO and two nice acquisitions – Zscaler's gr…

What Is China Doing To Pakistan? The Same Thing It Did To Sri Lanka
What Is China Doing To Pakistan? The Same Thing It Did To Sri Lanka
China is turning Pakistan into its own "semi-colony," as it did recently with Sri Lanka, collecting tolls from every vehicle that passes through CPEC.



What if we ended the injustice of bail? | Robin Steinberg
What if we ended the injustice of bail? | Robin Steinberg
On any given night, more than 450,000 people in the United States are locked up in jail simply because they don't have enough money to pay bail. The sums in question are often around $500: easy for some to pay, impossible for others. This has real human consequences -- people lose jobs, homes and lives, and it drives racial disparities in the legal system. Robin Steinberg has a bold idea to change this. In this powerful talk, she outlines the plan for The Bail Project -- an unprecedented national revolving bail fund to fight mass incarceration. Her ambitious plan is one of the first ideas of the Audacious Project, TED's new initiative to inspire global change.



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