December 9, 2015 - Did You Know? 23 Flipkart employees draw more than Rs 1 crore salary annually

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Blog Sree Vijaykumar From the Editor's Desk Here are two interesting pieces on Chinese society that give us a glimpse into how rapid economic progress has shaped attitudes and aspirations there. The first piece, evocatively titled 'The Unbearable Coldness of Being (Chinese),' follows a real life incident involving a man about to die on a flight and his nightmarish journey to hospital, his eventual survival and his fight against a cold system. This story seems to have triggered a major introspection in Chinese society this year. The second story by Neelima Mahajan, 'The rise of the big spenders of China' chronicles the aspirations of middle-class and even lower income Chinese, who aspire to vacation in developed countries. A hotel bellboy in Chengdu was planning an India vacation, Taj Mahal and Rajasthan included - Comment Digital Did You Know? 23 Flipkart employees draw more than Rs 1 crore salary annually Flipkart Internet’s employee benefit expenses swelled threefold to Rs 476 crore, according to its filing with the Registrar of Companies. Looking for like-minded folks? Coming Soon All Signal, No Noise!   Advt: Get qualified leads for your business TradeBriefs introduces automated mobile number verification, progressive qualification and other API-based verification. Save time and money! Digital MobiKwik ties up with IRCTC; expects to facilitate railway ticket bookings worth Rs 1.75 crore daily Mobile wallet company MobiKwik expects to facilitate railway ticket bookings worth Rs 1.75 crore daily through its platform in the next few months as part of its partnership with the Indian Railways. Digital Online fashion brand Teesort targets Rs 100 crore in sales Among the first in the category to post a profit; plans overseas expansion Digital Healthcare firm eClinicalWorks invests $30 million in India US-based firm to hire 300 staff in 3 months Digital Hyperlocal marketplace Zopper appoints Abhishek Aditya as operations head Noida-based Solvy Tech Solutions Pvt Ltd, which runs hyperlocal marketplace Zopper, has appointed Abhishek Aditya as head of operations. Aditya was earlier senior director of logistics at Delhivery. Prior to that, he was director of logistics at Flipkart. He has also worked with Nokia/Microsoft Devices, Motorola and PepsiCo in different capacities. Retail E-commerce market in India may touch $100 billion by 2020: DIPP Secretary The digital commerce market in India is expected to touch $128 billion in 2017 from $42 billion now with majority of the business likely to be driven by mobile and internet penetration. Retail MobiKwik partners with IRCTC to allow booking ticket through its wallet This association will enable MobiKwik users to book railway tickets in a convenient and secure manner from their smartphones, said a release. Retail Online hiring up 53% in Nov 2015: Monster Index Monster Employment Index, a monthly gauge of the country's online job demand rose by 76 points to 220 in November this year from 144 in the corresponding period last year. Retail Online retail brand Teesort targets 100 cr from sales Among the first in the category to post a profit; plans overseas expansion Telecom Indian mobile phone makers taking the fight to TV market as Micromax, Intex are cornering a chunk of the TV market Micromax, Intex are cornering a chunk of the TV market so far dominated by Korean and Japanese firms Telecom Jio Chat now available in 9 countries including US, China Telecom Indian Railways: Now book your train ticket on IRCTC through MobiKwik's mobile app Indian Railways travellers can now make payments for their tickets using MobiKwik as it is now the first payment option on IRCTC Connect Android App. Telecom Airtel set to launch 4G services in Rajasthan Airtel to soon rollout 4G services in Rajasthan - Airtel will launch 4G services in Rajasthan within a few days and cover other important cities in next six months, a top official said. "We are ... Finance As Raghuram Rajan tightens screws, banks can still disguise bad debts Strategic debt restructuring, a tool provided by RBI to help lenders tackle bad debts, is instead helping banks to camouflage the scale of the problem Finance Will the Nifty start moving upward? The concerted selling means FIIs dont expect markets to move up soon since call sellers face huge losses if an underlier, Nifty in this case, moves up. Finance Flipkart to arrange easy working capital loans for vendors to ensure loyalty Easy working capital loans — thats the carrot Flipkart is holding out to its 80,000 merchants to stay loyal and stay active. Finance Sebi likely to bring crowdfunding under regulatory framework Sebi, which had formed a committee called under N.R. Narayana Murthy, will submit its report in a month, said Sebi chairman U.K. Sinha Software Cognizant commits $40 million (Rs. 260 crore) for Chennai relief Information technology (IT) major Cognizant has announced a commitment of $40 million (Rs. 260 crore) to help residents, its employees and business partners in Chennai, with relief and rehabilitation in the aftermath of the recent flooding. Software How internet is killing the world’s languages with more than 50% content in English? The internet may be contributing to the death of some languages. 54.5% of the webs content is in English with a numbers of users preferring it to other languages. Software Indian software market to grow 12.8% to $5.3 billion in 2016, says Gartner Gartner says that digital business will completely alter the market and that India has the highest forecasted growth rate amongst BRIC nations. Software TCS gets recognised at European Software Testing Awards At the forefront of Digital and Agile Assurance, TCS has helped its customers reimagine and transform the impact of assurance on their business. Ecommerce Flipkart India and Flipkart Internet pledge assets to access credit facilities worth over Rs 1,400 crore from commercial banks The e-commerce giant maintains it is well capitalised and the borrowings are relatively minor Ecommerce Can Your Mobile Customers Afford to Watch Your Ads? Data plans are expensive, especially in emerging markets. Ecommerce Gati promoters mull e-commerce marketplace by next year; new venture will be registered as a separate entity The new venture will be registered as a separate entity Ecommerce Lazada plans to double the number of warehouses in the region over the next few years to keep up with a surge in e-commerce Lazada expects to add up to three warehouses over the next year, and expects to further increase that to a total of 20 in the next three to four years.. HR Sigma Systems Recognized as a Top Employer by Globe Mail for the Second Year TORONTO, ON--(Marketwired - Dec 8, 2015) - Sigma Systems today announced that it has received the Greater Toronto Top Employers Award 2016 from the Globe & Mail. This is the second year Sigma Systems has received this special designation that recognizes Greater Toronto employers who lead their industries in offering... HR Millions still aspire for government jobs in India. MockBank moves into this domain HR Indian employers most upbeat on hiring in Q1 2016 Indian employers are the most bullish in the world when it comes to hiring plans for the quarter to March 2016, according to a survey. HR In Sanand, billionaires take up factory jobs Factories in motown Sanand are faced with an unusual HR problem – handling crorepati labourers. There has been a windfall of Rs 2,000 crore for land owners in and around Sanand, where Gujarat government acquired over 4,000 hectares of land over the last seven years. Logistics This Congress-created GST logjam very damaging to India's interests: Jayant Sinha, MoS Finance "The developments in Parliament are quite distressing. The government is absolutely ready for the debate on GST, which is a crucial issue for India's economy." Logistics As Congress Declares War On Government, the country sees Uncertainty Over GST and future of tax ease Congress reacted with indignation to the Delhi high court judgment ordering the presence of Sonia and Rahul Gandhi in a trial court hearing the National Herald case, claiming “several legal deficiencies” in the verdict. Logistics Anand Mahindra says sans GST India stands divided with no common market "(The) simplest way I know of understanding the significance of the GS Tax: In a fragile world, India's Brahmastra is its huge domestic market," he said. Logistics Mass transport key to reducing pollution in Delhi with help of pedistrian walkways, bicycle bays and sustainable transport solutions on routes Better placed than Delhi still, preventive steps are a must in the city to skirt the national capital's odd-even vehicle use way to contain air pollution. Construction Hyderabad most affordable metro for homes, According to Artha Yantra Construction Tata Realty Set to buy proposed 28 acre Pune IT SEZ from Kumar Urban Development Tata Realty is set to acquire Kumar Urban proposed IT SEZ spread over 28 acres in Punes Hinjewadi area, two persons aware of the development said. Construction Siemens India targeting Smart cities, energy and mobility Siemens’s Sunil Mathur believes that private spending will follow increased public spending Construction Govt defers hike in guidance value, home buyers relieved in Bengaluru This may extend till November next year, when the government is expected to revise guidance value – the minimum market value at which any piece of l.. Marketing HUL Brands Play Agents of 'Behavioral Change' in New Spot : Report Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities Marketing How Victoria's Secret controls 62% of the lingerie market : Report Jamie McCarthy/Getty ImagesThe Victoria's Secret Fashion show airs tonight.It comes weeks after news of a red-hot, stellar quarter.Sales had skyrocketed, for Marketing How Triggerbridge Plans To Disrupt The Broken Advertising Agency Model : Report Is the present day advertising agency model broken? S Yesudas, the former managing director of Vizeum – one of the Dentsu Aegis Network agencies thinks so. “The ‘agency’ business … Marketing Alibaba launches SMILE program for SMEs : Hindi version coming soon Chinese ecommerce giant Alibaba has launched Small and Medium Industries Leveraging Export programme (SMILE), to offer solutions like logistics, certifications, technology and financing, reports afaqs. The platform claims it can help support over 10 million small and medium enterprises (SMEs) ex Politics After calm seas, Parliament’s Winter Session crashes into National Herald iceberg: Here are the key facts With the prospect of the mother-son duo of India's first political family having to appear in court, the National Herald case is creating a political storm. Politics Gujarat HC rejects Hardik Patel’s plea about cops intercepting his phone calls, asks govt to file affidavit The Gujarat High Court on Tuesday asked the state government to file an affidavit on a plea by Hardik Patel questioning the legality of interception of his phone calls as well as of his associates, but rejected the defence's request to share details of certain Home Department orders. Politics Azam Khan more dangerous than Dawood Ibrahim, claims Saamana editorial Referring to Azam Khan's reported statements on Paris attack and Babri mosque, Shiv Sena on Tuesday alleged the SP leader was more dangerous than Dawood Ibrahim, as it asked him to "learn a lesson" from AIMIM chief Asaduddin Owaisi who the party said has never spoken against the interest of the country. Politics ‘I absolutely see a political vendatta: says Rahul Gandhi on National Herald allegations Congress Vice-President Rahul Gandhi on Tuesday alleged a "political vendetta" by the ruling BJP into the National Herald case, and insisted that he will not be cowed down. Sports BCCI to counter Jeff Crowe’s pitch report According to a top BCCI official, the Crowe’s report states that the ball spun from Day One, while going on to add that there was excessive turn on Day Three. Sports Talking Sport: Classical off-spinner’s line is working fine for Ravichandran Ashwin Having made little forays into different styles, R Ashwin now knows what is right for him and his line is working fine for him. Sports Viswanathan Anand loses to Hikaru Nakamura in London Chess Classic Viswanathan Anand's loss pushed Hikaru Nakamura's gain as he moved to the leader's pack. Sports I knew that one wicket would open things up for us: Umesh Yadav Umesh Yadav on Monday produced a serious spell of fast bowling that saw him snare three wickets in six maiden overs. Entertainment Anil Kapoor: People made fun of me when I went to Hollywood Anil Kapoor's path to Hollywood was not exactly a bed of roses for many poked fun at the actor initially for trying his luck there. Entertainment Ranveer Singh was shocked after listening to ‘Albela Sajan’: Shashi Suman Singer Shashi Suman says Ranveer Singh was "shocked" when he first heard the track "Albela Sajan" from "Bajirao Mastani". Entertainment Dilip Kumar to forgo birthday celebrations for Chennai Dilip Kumar, who will turn 93 on Friday (December 11), says he won't celebrate his special day as he is saddened by the tragedy in Chennai. Entertainment I will be very surprised if I win: Anoushka Shankar on 5th Grammy nod Sitarist Anoushka Shankar says it will come as a huge surprise if she wins Grammy for her latest album "Home". TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India