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India has become a hotbed for startups in recent years, with its startup ecosystem growing leaps and bounds with every passing year. Starting our own company seems like the best way to go when we want to give flight to our wildest dreams and passions, and see them take shape in brick and mortar, right before our eyes. Then again, the best thing about starting our own venture is to be our own boss, and take care of business just how we see fit. Of course, it goes without saying that when we finally get our hands dirty on the jo, we realise it's not that easy being your own boss and a leader for others to follow, all at once. (c)MensXP Yet, without straying from the reason why we are here, let us tell you about this new web series on the block, that has filled us with anticipation, and a promise that it will be one hell of a ride for its viewers. With a desi touch, and a theme that is so utterly close to our hearts, 'Joint Venture' is everything you think the name suggests, while still being much more. A lot has been left unsaid in that name, even when all has been laid out for the audience pretty clearly at the very onset. (c)MensXP 'Joint Venture' is as much about starting a new startup “venture”, as it is about two best friends coming together in their mutual love and appreciation for a well made joint. Place these two together, and imagine all the ways how your love for a good joint (and weed) can lead to the establishment of a startup (albeit the many risks that shroud its existence). It's a story about Arijit and Ankit, who love to smoke up and get wasted, but hate that they have to constantly go out of their way to get their hands on all the “good stuff”. What happens next, isn't something that either of them had imagined in their wildest of dreams. I (c)MensXP In a moment of weakness, they decide to start their own venture, which would work to help hundreds of other “potheads” like themselves. Yes, you heard that right. They decide to build an app which would help connect potheads with dealers directly. But as good as it all sounds, we all know that isn't to be, especially in a country like ours. So, Arijit and Ankit's 'Joint Venture' comes under fire and they face a bleak future as the creators of the company and the kind of services they offer. But if you want to know exactly what's in store for the duo and where this journey will head, you have to check out this upcoming MensXP Exclusive series called 'Joint Venture'. -
Amazon And Flipkart Will No Longer Be Able To Sell 'Exclusive' Phones From Next Year
ADMIN posted a blog entry in FDF Online News
Amazon and Flipkart will suffer a big blow as the government has barred them from selling their own goods while also putting an end to deep discounts and cashback schemes offered by them. Both the companies are facing a new ban from selling products from companies in which they have an equity interest, according to Reuters. The government, in a statement, said that these companies will also be prevented from entering into exclusive agreements with sellers. The marketplaces will be barred from selling products from companies in which they have an equity interest. The new rules are set to become effective starting February 1. The government says these marketplaces purchase goods in bulk through wholesale units and in turn sell them via select sellers with whom they have an agreement. © Reuters “An entity having equity participation by e-commerce marketplace entity or its group companies, or having control on its inventory by e-commerce marketplace entity or its group companies, will not be permitted to sell its products on the platform run by such marketplace entity,” the commerce ministry said in a statement. These agreements include partnerships with phone makers like Xiaomi and OPPO, who exclusively sell their products via these marketplaces. This shall be better for the end consumer as well because you won't have to forcefully stick with one marketplace. If a phone maker wants to sell its phones, you'll have the option to select your marketplace or seller. © Bloomberg According to the new rules, "inventory of a vendor will be deemed to be controlled by e-commerce marketplace entity if more than 25 percent of purchases of such vendor is from the marketplace entity or its group companies". According to the current policy, 100 percent FDI is permitted in marketplaces and e-commerce activities. But barred from inventory-based activities. © VCCirlce This also means Amazon will have to keep a check on its close partner Cloudtail and Appario. All India Online Vendors Association (AIOVA) filed a similar petition against Flipkart in May, alleging a violation of competition rules through preferential treatment for select sellers. This is one reason why Flipkart reduced its reliance on WS Retail in the last few years. Cloudtail is a joint venture of Amazon and Infosys co-founder N R Narayana Murthy's Catamaran Ventures that is among the largest sellers on Amazon India's platform. -
The Founder Of Lenskart Ditched His Cool Job At Microsoft In The US To Sell Eyewear In India
ADMIN posted a blog entry in FDF Online News
If you looked around you right now, no matter where you are, there is a possibility that every third person you set your eyes on could be sporting spectacles. Yeah, some of those are prescribed glasses, others are mere fashion accessories, while some are wearing them merely to save their eyes from the 8-hour-long scare that awaits them day after day at work. Eyewear has been a raging fashion trend for the past couple of seasons as it is, but over the years, the aam aadmi has also been experimenting with his eyewear designs. This growing rage and a potential for a lucrative business in the optical industry was spotted by an electrical engineer working with Microsoft, of all people. © MensXP A need to build something of his own and a passion to be at the top in whatever he did, this is the story of Peyush Bansal who gave India its leading online eyewear portal - which has since changed how Indians take care of their eyes. An electrical engineer in IT, Control and Automation by degree, from McGill University in Canada, Peyush found himself in a happy position after completing his engineering degree when he landed a fancy job with Microsoft in the US after many failures and retakes. However, within a year of being there, and regardless of the great time he was having at the firm, Peyush decided to follow his heart's calling. He came back to India to pursue his MBA from IIM Bangalore. It was around this time that he launched his company Valyoo Technologies with SearchMyCampus as his first business. © MensXP SearchMyCampus was an online classifieds website specifically meant for students and covered everything from accommodation to books, part-time jobs, carpool facilities, internships, besides a lot more. It became a huge hit and motivated Peyush to explore the e-com space further. That's how he launched Flyrr.com which focused on the eyewear industry in the US. It was the success of this venture that finally pushed Peyush to redirect his attention towards the need to solve bigger, more pertinent issues that affected people on a personal level. That's when the alarming figures of the optical industry in India caught his attention. Peyush found out that around 600-700 million Indians needed spectacles, out of which only 170 million used any. With this data to fall back on and a desire to alleviate the consumer problems in sight, Peyush finally launched Lenskart in 2010. © MensXP Peyush went on to establish one of India's most successful online eyewear portal with an enviable product range that includes spectacles, sunglasses, contact lenses and even at-home eye check-ups for those who can't but wish to enjoy the best quality services and affordable prices.Peyush aims to conquer 50 per cent of the Indian market where half of India forms its consumer base. Move to 2018, and today they sell over 300,000 spectacles a month, with a 1000 crore annual turnover. © MensXP People, young and old know the name of his company and the valuable services they provide. Apart from quality goods, Lenskart today stands synonymous to great customer support, and this aspect about the company has its customers hooked. Hear it from the man himself, as he talks to MensXP about his riveting journey from being an engineer to being the mastermind behind India's favourite online eyewear portal, and how it feels to be a global name in the industry. -
Fake Health Foods That Sell Like Hot Cakes In The Name Of Fat Loss & Good Health
ADMIN posted a blog entry in FDF Online News
With the fitness and health industry being on an uptrend, everyone is jumping on the wagon of eating healthy or picking healthier options for meals. While the idea of eating healthy is a very good thing, there is something you should know about the companies or marketers selling the so-called healthy foods. They market the hell out of foods that may not even be slightly healthy, or conducive or helpful to your goal of getting in shape. I like to call them 'fake' health foods. Here are some of them that you may be guilty of adding into your shopping cart every time you're at the mall or grocery store: 1) Packaged Fruit Juices © Pixabay These are often marketed as the health food/drink you should be consuming first thing in the morning to start your day. Just NO! If you ever flip the label and see the nutrition content, these so-called health drinks are loaded with sugar making them no different from the regular sodas or colas you may be drinking. And juicing, in general, is not a great way to consume your fruits. It just destroys all the fibre from fruit, which promotes satiety in consuming them. The store-bought ones are anyway not healthy in any sense. 2) Cereal Bars Or Snack Bars © Pixabay This was a tough competitor for the no. 1 spot on this list. Yes, a lot of brands have started selling cereal bars or health bars. They are often even marketed as meal bars or the best breakfast you can get in a small packet. Absolutely not! If you look at the label of it and compare it to a normal chocolate bar, you will see that both are almost the same. These so-called snack bars are just another sugar-loaded food marketed differently to you. Instead, you would be better off eating a chocolate bar, as it will not taste half as bad as these fake health bars. 3) Sugarfree Or Diet Biscuits © Pixabay Another fake one on the radar! The story with these are the same, even though sugar may not be an ingredient on the list, the fat content of these biscuits are twice as those of regular biscuits or cookies. And in the regular biscuits as well, sugar is not present in that high quantities. A surprising (or not) reality is that, by adding this additional fat into them, they are often higher in calories than the regular cookies and they taste terrible and are priced twice the normal cookies. 4) Fruit Yoghurt © Pixabay Oh, how could I? Right? I have nothing against yoghurt. Go for the low-fat, normal fat, full-fat one. Up to you. Yoghurt is actually a very good food to consume and if you pick any plain variety of it, you are actually picking good food there. Then comes the added flavour or the fruit yoghurts. All of a sudden, the yoghurt has lesser protein, more carbs, fats, and added sugar. These macros of the tasty-yet-healthy flag bearing foods are no different than that of an ice-cream. Beware of these so-called healthy foods as they may ruin your diets and never let you get in shape. Author bio: Pratik Thakkar is the co-founder and director of GetSetGo Fitness, an online fitness company. He is regarded as someone who will make it easy for you to understand the process by putting things in the right context and providing science-based recommendations for natural bodybuilding. You can reach out to him at pratik@getsetgo.fitness and follow him on Instagram and Facebook. -
Thanks To The New iPhones, We Won't Have To Sell Our Kidneys Anymore To Buy The Older iPhones
ADMIN posted a blog entry in FDF Online News
The new iPhones have become even more expensive: the so-called cheaper iPhone XR costs Rs 76,900 while the iPhone XS starts at Rs 99,900. The most expensive one being the iPhone XS Max 512GB that costs a whopping Rs 1,44,900. Interestingly, when we compare these prices to Samsung's latest and most advanced phone, the Note 9 costs Rs 84,900 for a 512GB variant. Now that we know the new iPhones are going to be extremely heavy on the pocket, there's a silver lining as well. Apple has officially slashed prices on the previous generation iPhones being sold in India, and this list includes last year's iPhone X as well as the age-old iPhone 6S. © MensXP Last year's iPhone X 64GB now starts at Rs 91,900, down from Rs 95,930, the 256GB variant costs Rs 1,06,900, down from 1,08,930. The iPhone X has received the least percentage of the price cut and continues to cost almost Rs 40,000 more than competing flagships. The iPhone 8 64GB variant is now available for Rs 59,900, after a price cut of Rs 8,040 and the 256GB variant of the device is available for Rs 74,900, after a price cut of Rs 6,600. The iPhone 8 Plus 64GB is now available for Rs 69,900 and the 256GB variant costs Rs 84,900, down by Rs 7,660 and Rs 6,210, respectively. © Flickr/Maurizio Pesce The iPhone 7 32GB variant has received a price cut of Rs 12,470 and is now available for Rs 39,900 while the 128GB variant is now available for Rs 49,900. The iPhone 7 Plus 32GB also costs Rs 39,900 and the 128GB is also marked at Rs 49,900. The iPhone 6S 32GB variant is available for Rs 29,900, down from Rs 42,900, while the 128GB variant is down to 39,900 from Rs 52,100. The 6S Plus on the other hand starts at Rs 34,900 and the 128GB variant costs Rs 44,900. © Apple When compared to the Android counterparts, these are still extremely expensive. But over a period of time, it has been made clear by the market demand as well as Apple, the products are in their own bubble. The company does not intend to compete with others based on pricing and wants the whole chunk of the premium market for itself. Read Also: Here's Everything You Need To Know About iPhone Xs and XR -
Ex-Apple Employee Caught Stealing Autonomous Car Secrets, Had Planned To Sell It To The Chinese
ADMIN posted a blog entry in FDF Online News
A hardware engineer, who until recently worked at Apple, was arrested at the San Jose International Airport while attempting to board a flight to Beijing. Xiaolang Zhang has been charged with stealing trade secrets from Apple surrounding Project Titan. © Twitter Project Titan is Apple's secret project, where the Cupertino giant is currently working on autonomous car technology. Zhang was a hardware engineer for the project and is now facing charges of Theft of Trade Secrets, with penalties of upto 10 years of imprisonment, a $250,000 fine, a $100 special assessment and three years of supervised release. According to the filing, Zhang was designing and testing circuit boards to analyse data from various sensors on the self-driving car. This granted Zhang access to the database that contained trade secrets and other intellectual property. In April, Zhang left Apple and was visiting his family in China. He informed the company that after he returns, he would be leaving the company and would continue to live in Guangzhou. He also informed his supervisors at the meeting that he would be joining Chinese electric car startup XMotors. © Twitter After Zhang turned in his company-issued devices, Apple noticed unusual download activity which led them to believe that he may have obtained sensitive data from Project Titan. Security Cameras and badge swipes also placed him in company labs during his alleged paternity leave. He later admitted being in the Apple's hardware labs and stealing two circuit boards and a Linux server. Moments B4 flight to Beijing, ex-#Apple worker Xiaolang Zhang nabbed by @FBISanFrancisco at @FlySJC for stealing autonomous-vehicle trade secrets while on paternity leave, per @USAO_NDCA. Zhang told agents he intended to work for @xmotorsglobal & air-dropped data to wife's laptop pic.twitter.com/TRKC3lZmzu — Henry K. Lee (@henrykleeKTVU) July 10, 2018 All evidence was submitted to the FBO after Apple discovered that at least 60% of the downloaded data on his wife's computer, had trade secrets. The report says that the FBO describes the information as “largely technical in nature, including engineering schematics, technical reference manuals, and technical reports.” Apple released a statement and explained that it is working with authorities to make sure Zhang is held responsible for his misdoings. “Apple takes confidentiality and the protection of our intellectual property very seriously,” company spokesman Tom Neumayr said in an email. “We're working with authorities on this matter and will do everything possible to make sure this individual and any other individuals involved are held accountable for their actions.” -
Iran vows to sell as much oil as it can despite US sanctions
ADMIN posted a blog entry in Geo News Blog
Iranian Vice President Eshaq Jahangiri speaks during a news conference in Najaf, south of Baghdad, Iran, February 18, 2015. REUTERS/Alaa Al-Marjani/Files LONDON: Iranian vice president Eshaq Jahangiri acknowledged on Tuesday that US sanctions...