Monday, 5 June 2017

Bongo Buffet - Sweet Change

The only time that you don’t find a Candy Sweet is when you get it as change. It doesn’t matter whether you eat the candy or not, you’re always left with a feeling of being cheated. What if there was a candy that also gave you the sweet feeling of proper change. Yes, that’s exactly what #sweetchange does. #sweetchange is a new candy brought to the shelf by a popular e-wallet brand. All you have to do is unwrap the candy and eat it, don’t throw the wrapper yet, that’s where your change is! Yes, inside the wrapper there is a code, open the app (or download if you haven’t already) and enter the code. That’s it; you’ll get the change you deserved as a cashback. Sweet!

Sweet Change Candy

All the change that you could lose out on will now collect in your e-wallet and you can use it for pretty much everything under the sun. #sweetchange comes in four different flavours or denominations if you will. You can get a '#sweetchange' for Re 1, Rs 2, Rs 5 or Rs 10. Or even a combination of either as per the change that the shopkeeper owes you. It’s just as simple. ”

Wednesday, 31 May 2017

#TIGORSTYLEBACK - A contest with Style & Substance just like the Car!!!

Tata Motors is back with something Bigger and Better for the world of automobiles. The latest from their house is Tata Tigor which promises to be a super hit in the sedan category.

The TIGOR is in line with the legacy of Tata Motors to create something that customers haven’t experienced in that particular section. The TIGOR got what it takes to be a class apart in its section with its design, style & attitude. 

To commemorate the arrival of this fabulous car, TATA Motors brings to you a fabulous contest.

This contest will particularly interest those who are pretty good at clicking selfies. Thats because one selfie of yours can win you awesome vouchers from Zara. What more could you ask from a simple selfie.

So this is what you got to do:

1) You have to walk into the nearest Tata Showroon that has the Tigor.

2) Style yourself in a way that gets you a stylish & award winning selfie with the Tigor.

3) Share your entires in the below pages of Tata Motors:

Facebook :

4) Use #TigorStyleback in all your entries.

 Please visit the web site below to trace the showroom where Tata Tigor will be on display:

And if you are a fellow Kolkatan like me, then 3-4th June is the date to be at Acropolis Mall in Shantipally.

So I wish you all the lucky in the world to win the Zara Vouchers, Get Clicking & You would surely start winning!!! 

Tuesday, 28 March 2017

Chinese Tech Giant Tencent Takes 5 Percent Stake In Tesla

Tesla Inc, the California-based electric carmaker, said Chinese tech giant Tencent Holdings Ltd acquired a 5 percent stake for $1.78 billion.
The purchase, revealed in a U.S. regulatory filing, pushed Tesla's stock higher in early trading, making it the second most valuable U.S. auto company ahead of Ford Motor Co but behind General Motors Co.
The deal gives Shenzhen-based Tencent a growing presence in the rapidly expanding future mobility sector, with investments in U.S. and Chinese startup companies that provide ride sharing services and are developing self-driving electric vehicles.
Tencent's investment also provides Tesla with an additional cash cushion as it prepares to boost production volume and launch its new Model 3. Tesla's shares were up 2.6 percent at $277.19 in early trading.
Founded in 1998 by entrepreneur Ma Huateng, Tencent is one of Asia's largest tech companies, best known for its WeChat mobile messaging app. With a market capitalization of about $275 billion, it is roughly six times the size of Tesla, whose $46-billion market cap on Tuesday topped that of 114-year-old Ford.
Tencent and fellow Chinese tech giants Alibaba Group Holding Ltd and Baidu Inc have invested billions in mobility startups. The services being developed by those newcomers promise to transform the global transportation landscape while providing significant new revenue streams to providers of mobile services.
Tencent was an early investor in NextEV, a Shanghai-based electric vehicle startup which since has rebranded itself as Nio and whose U.S. headquarters in San Jose is not far from Tesla's Palo Alto base. Tencent also has funded at least two other Chinese EV startups, including Future Mobility in Shenzhen.
In addition, Tencent has invested in Didi Chuxing, the world's second-largest ride services company behind Uber, and in Lyft, Uber's chief U.S. rival.
Baidu has invested in Nio, as well as in Uber and Velodyne, a California maker of lidar sensors for self-driving cars. Alibaba's mobility investments include Didi and Lyft.
As Tesla is doing, many of the mobility startup companies backed by Tencent, Baidu and Alibaba are developing self-driving systems that eventually could be introduced in commercial ride sharing fleets in the U.S. and China after 2020.
Tencent maintains a U.S. office in Palo Alto, in the heart of California's Silicon Valley. Beijing-based Baidu and Hangzhou-based Alibaba also maintain offices in Silicon Valley.
Tencent owns about 8.2 million shares in Tesla, the carmaker said. Tencent is now the fifth-largest shareholder in Tesla, behind Elon Musk and investment companies Fidelity, Baillie Gifford and T. Rowe Price.(
Elon Musk-led Tesla raised about $1.2 billion by selling common shares and convertible debt earlier this month.
Musk is Tesla's top shareholder, with a stake of about 21 percent as of Dec. 31.

Sunday, 19 March 2017

Whats Happening inside Shopclues!!

While Sandeep Aggarwal, one of the cofounders of ShopClues, cries foul over his lost voting rights, his estranged partners swear by fair play
S itting in his five-storey office in Gurgaon, Sanjay Sethi is seemingly calm. It has been a blustery week at online marketplace ShopClues after Sethi's one-time friend and cofounder Sandeep Aggarwal unleashed a Facebook storm last Sunday by alleging that his wife Radhika and Sethi took away his voting rights by "fraud".

Five days after the Facebook post by Aggarwal, which hurled a volley of personal and professional allegations against his estranged partners, Sethi seems to have weathered the storm."I don't want to add fuel to the fire," says the ShopClues CEO, as he gets ready to meet investors. "We are not looking at a trial by media," he quips, when asked to respond to the allegations levelled by Aggarwal.

"What more do you want to know?" Sethi asks. Will the allegations of fraud and misgovernance hit fundraising prospects?
Sethi takes a deep breath, pauses for a few moments, and exhales. "All of us are deeply hurt. We didn't fudge any document. We didn't cheat anybody," he declares, adding that the company has always been fair to Sandeep.

Meanwhile, in Hong Kong, a "wronged" Aggarwal, is hoping to get justice. On an official trip to Hong Kong as the founder of Droom, an online automobile mar ketplace, Aggarwal is sticking to his guns. "ShopClues was a single-founder company," he asserts, adding that he started working on the startup in October 2010, incorporated it as a single officer company in Delaware in the US in June 2011, and hired Radhika and Sethi as employees in August 2011. "I decided their title, salary and stocks," he says, rubbishing the claims made by ShopClues that the company had four cofounders: Sandeep Aggarwal, Sanjay Sethi, Radhika Ghai and Sudhir Ghai.

"I founded the company with my heart, blood and sweat," wrote Aggarwal in an email addressed to all board members of ShopClues seeking immediate removal of Radhika from his "board seat nomination". The company's conversion (of visits to paying customers), he claimed in the email sent on October 6 last year, had come down 50-80 basis points, which means prod uct, placement, pricing and promotions have not been handled properly."I feel half of the GMV at ShopClues is very low quality and full of fake products," he alleged. In an earlier email in September, Aggarwal informed the board of his decision to nominate a new board member in place of Radhika.

Sethi, for his part, refused to get dragged into this part of the controversy. "I don't comment on what somebody feels, not when it is far removed from the facts," he said, brandishing a copy of a board of directors' letter of reaffirmation of confidence in the present team. "We are proud of fantastic progress made by the ShopClues team under Radhika and Sanjay's leadership," the board said in an official press release early this week. The company has grown 30 times under this management, the release added.

Notwithstanding Aggarwal's impulsive outburst on Facebook, the disagreement between him and ShopClues board started simmering in July 2015 when in an email written to all board members, including Radhika and Sethi, Aggarwal made a request to restore his legal rights. "I do not want to h ave c o m p ro mised voting rights that I signed under stress and trauma and did not quite understand their repercussions," he wrote.

At Loggerheads

Almost two years later, Aggarwal is singing the same tune. "My voting rights were removed by fraud and forgery," he told ET Magazine, adding that he holds 12.5% stake in the company, making him the single largest individual holder. The voting rights, he lets on, were removed not after pleading guilty to an insider trading charge in the US in 2013. They added a line in the voting rights -currently working in the company -without my knowledge, and took away my rights, he asserts. "The amended voting rights document turned my majority share to zero," he says, adding that he didn't come to know about his changed voting rights for over two and a half years, and the company neither responded to his series of emails nor clarified that he had lost voting rights.

Sethi, in his defence, maintains that Aggarwal lost all rights once he was con victed of insider trading charges. "He doesn't have any voting rights. Neither did we coverup any document," he says, adding that Aggarwal signed the consultancy agreement with the company in October 2013 and was well aware of its provisions. In fact, the company has been more than generous by allowing him to retain his financial interests, he adds, hinting that in spite of lawyers advising the company to explore legal options against Aggarwal, the investors decided to focus on securing the company.

When Aggarwal resigned from ShopClues in October 2013, recalls Sethi, it became increasingly difficult for the company to get new investors on board. "The company needed to ring-fence itself as nobody was willing to put in money," he says, adding that it took 15 months to convince Singapore sovereign wealth fund GIC, which finally in vested in January last year. Tiger Global too invested after Aggarwal's exit, in January 2015. "We have absolute backing of our investors," he asserts, adding that a complaint filed by Aggarwal at the Economic Offence Wing has been dismissed. "ShopClues was never a one-man show," he says. 

Even as Aggarwal-ShopClues saga continues to unfold, investors contend that the tussle exposes the fault lines in the fledgling startup ecosystem in India. Shubhankar Bhattacharya, venture partner at Kae Capital, maintains that during the early stages of a firm's journey, the founders need to firmly be in control through their equity holding as it is the most direct means to align incentives for everyone. "While we can understand an entrepreneur's inclination to achieve some liquidity through a partial secondary sale of stake, both entrepreneurs and investors are to be blamed for not maintaining the equilibrium in terms of the startup's identity as a founder-led organisation," he adds.

Another investor, requesting anonymity, points out a different aspect of the tussle: original founders versus investors. With most of the founders diluting their stake to single digits or low double digits, the show is being run by investors. "The power equation has changed, and founders have to live with this reality," he says, adding that investors in both ShopClues and Droom would be edgy with whatever has been go ing on over the last week. "They must be keeping their fingers crossed," he says. The ShopClues drama also highlights the absence of transparent governance among startups. "Nobody wants to open a Pandora's box," said the investor.

ET Magazine tried contacting Nexus Venture Partners, Helion and Ronnie Screwvala -all investors in ShopClues -but none responded. Sid Talwar, one of the investors in the Aggarwal-founded Droom, declined to comment.

Even as Aggarwal cries foul over his robbed voting rights, and ShopClues board swear by fair play, Radhika maintains her studied silence. Late Friday afternoon, she comes out of an investor meet, refusing to take any questions. "It has been a hectic week, very hectic," she smiles, letting her CEO cofounder do all the talking.

Thursday, 9 March 2017

Things you must know about Taj Mahal

Symbol of true love and one of the Seven Wonders of the World, the Taj Mahal is amongst country's most visited tourist attractions. Displaying a beautiful mix of Islamic, Persian and Indian architecture, this historic marvel was built in over 22 years, with the help of about 20000 workers. Despite its popularity, there are several facts people still do not know about the Taj Mahal. Listed below are some of the points that'd surely enhance your knowledge about this marble mausoleum:

1. You won't believe but the replicas of the Taj Mahal do exist. Though not as breathtaking as the original Taj, Bibi Ka Maqbara in Aurangabad and Taj Mahal Bangladesh are quite a work of art!

2. Mumtaz Mahal was Shah Jahan's third wife, and was earlier known by the name Arjumand Bano Begum.

3. Mumtaz Mahal lost her life giving birth to Shah Jahan's 14th child.

4. To build the Taj Mahal, about 1000 elephants were employed that transferred the construction material from one place to another.

5. Taj Mahal is adorned with an assortment of 28 types of precious and semi-precious stones.

6. Depending upon what time of the day it is and whether or not it is a moonlit night, Taj Mahal appears to be of different colours.

7. While roaming in Taj Mahal complex, you can see different verses of Quran written everywhere.

8. Mumtaz Mahal's actual tomb contains about 99 different names of Allah featured as calligraphic inscriptions.

9. The materials for the construction of Taj Mahal were brought from different regions and countries, namely Punjab, Rajasthan, Afghanistan, Sri Lanka, China, Tibet and Arabia.

10. Legend has it that Shah Jahan wanted to construct another Taj Mahal using black marble but he could not do so, owing to increasing wars with his sons. 

Monday, 27 February 2017

Can Swachh Bharat Abhiyaan improve the quality of Air we breathe?

Although the warning signs have been billowing in the polluted air of urban India policymakers remain strangely apathetic. The contrast with China, which has been fighting air pollution in mission mode, is stark. As a result ozone-related early deaths in India are now 33% higher than those recorded for China. And while early deaths related to PM2.5 in China have increased 17.22% since 1990, they have burgeoned 48% in India. Overall death toll due to air pollution still remains higher in China but while they are putting a lid on it, it’s spinning out of control in India. We must make a priority out of fighting this explosive public health challenge.
The above data is presented in the State of Global Air 2017 report released in Boston on Tuesday. But data only underscore what’s obvious to the naked eye. When winter days grow grey in Delhi or the fires at the Deonar dumping ground spew methane in Mumbai or the heavily polluted Bellandur lake catches fire in Bengaluru, the airpocalypse is unmistakably upon us. And it isn’t limited to the metros. The air has grown toxic from Agra, Ahmedabad, Amritsar to Gwalior, Patna and Raipur.
Managing blazing mountains of garbage requires modern waste management practices. Controlling vehicular pollution means increasing the supply of reliable public transport. Agricultural crop burning will stop when transporting crop stubble to biomass power plants becomes feasible for farmers. Such solutions are not easy but achievable. Centre and states must cooperate and strategise to deliver change on a comprehensive, nationwide scale.
Scale really is the keyword here. For example while a metro network is under construction in diverse cities like Lucknow, Kochi and Nagpur, its expansion has to be rapid as demand for it has been there for decades – and this has to be done without compromising on quality. For example, it’s inexcusable how commuters on Delhi metro are being told that snags are to be a new normal. What’s equally critical is that clean commitments are followed up with proper resource allocation and action on the ground. For example Delhi has yet to see the new buses and vacuum cleaning of roads whose speedy delivery the Kejriwal government had promised way back in 2015. With air pollution causing 1.1 million premature deaths that year, India also needs to get into mission mode like China.

Sunday, 19 February 2017

Mutual Funds Industry backs SIP Investments to grow!!

Fund houses are betting big on investments through systemic investment plan (SIP) to achieve the magical figure of Rs 20 trillion assets under management (AUM) for the industry by end of the current calendar year.

While some of the fund houses see the growth in SIP coming from B-15 cities, few others said their SIPs are doing very well and hence they are confident of the industry achieving the Rs 20 trillion mark by the year-end.

The AUM reached Rs 17.4 trillion in January, expanding 36.4 per cent from Rs 12.7 trillion a year ago, according to data from the Association of Mutual Funds in India (AMFI).

DHFL Pramerica Mutual Fund, with Rs 27,000 crore AUM currently, said its SIP was growing by 35-40 per cent over past nine months.

"We have seen our SIP book growing by 35-40 per cent over the past nine months and we have seen lots of participation from B-15 cities," DHFL Pramerica Mutual Fund Chief Executive Suresh Soni said on the sidelines of an event over the last weekend here.

Commenting on the industry nearing the Rs 20-trillion mark, he said opportunities available before the sector are very encouraging.

According to Soni, after demonetisation, the overall addressable pool of money has gone up remarkably. "We can access the money stashed in banks. Some of it could come to the MF industry. Secondly, the money flow to the industry post -noteban was mature one and hence good for the industry."

Edelweiss Mutual Fund is betting high on its SIP, pre- paid SIP in particular, to drive the growth. The fund house, having AUM of Rs 7,000 crore, is ranked 25th at present.

Pre-paid SIP allows an investor to take advantage of the market falls, a facility not available under regular SIP.

DSP BlackRock Investment Managers has decided to temporarily suspend, from February 20, all fresh transactions in its open-ended diversified equity scheme Micro Cap Fund.

The reason cited by the company for suspension of fresh inflows is that there is a possibility large inflows into the scheme may prove detrimental to the interest of existing unit holders.