Nov 29, 2016 - Tata Steel's UK revamp still on track

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Sree Vijaykumar From the Editor's Desk I spent 2.5 hours in traffic yesterday, trying to get back home from a meeting. And I am one of the lucky ones, as my office is only half an hour from my home and I usually set up my meetings in the middle of the day, so spending time is traffic is not a big problem. In the Uber, I tried to keep myself busy, reading emails, catching a nap, thinking about this editorial. And I glanced around at those driving around me, stuck in bumper-to-bumper traffic, just trying to get back home. And then there are those who work from home (May their tribe increase!). What is it really like to work from home? Yes, it's a real thing. Here are 6 uncommon lessons from a year of working from home. Advertisers of the day The Economist: Subscribe now and get a Hidesign passport wallet free Ingram Micro Cloud: Streamline your creative process and secure your digital assets with Dropbox Business   Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails (B2B Decision-Makers, B2C Decision-Makers, TradeBriefs Premium). Tata Steel’s UK revamp still on track Tata Steel’s September quarter results show an improvement in profitability, which it partially attributed to the exit from the long products business Advt: Work for the best employer - Yourself Advantages - Best B2B audience in India, no hard-selling or up-front costs involved, access to our content repository and air-tight agreements with instant gratification. Apply now   The Real Deal with Email and What TradeBriefs does right So, here’s the real deal with email. Yes, we all get too much email, but for those of us who check it, we do so over 15 times a day.   PM Modi's cash shock seen tripping up India's accelerating economy Mamata Banerjee said his 'Mann ki Baat' radio programme was a "misuse" of the government machinery as it has now become 'Modi ki Baat'. Digital payment firms cash in on India's money mess, but can it last? Getting shops and customers to change their reliance on cash permanently will involve convincing people like Mohammad Javed, a 36-year-old meat shop owner in New Delhi. Sebi asks PVR to explain promoters' profit-sharing deal with PE investors PVR has received a show cause notice from Sebi alleging that MD Ajay Bijli and the multiplex have violated listing and disclosure norms Suzuki to invest Rs2,600 crore in Gujarat plant Suzuki Motor Gujarat will use the investment to set up a second assembly plant at the Mehsana factory and an engine and transmission unit Does stake sale plan signal end of the road for Niko Resources in India? Canadian firm Niko Resources’s decision to sell a 10% stake in D6 block of KG Basin raises questions about its future Ascent Capital exits education services firm People Combine Ascent Capital, which invested Rs88-90 crore in People Combine in 2012, sold its entire stake in the company around a week ago Demonetisation: Cash drought persists in metros; banks, ATMs in cities run dry as focus turns to rural India While the lack of new Rs 500 notes was very acute, bankers said currency supplies had improved from last week but not enough to meet customer requirements. Payments banks in uncharted territory The recently launched Airtel Payments Bank kicks off a new experiment in cashless, tech-based banking Banks to pitch financial products like insurance, pension schemes to Jan Dhan account holders The idea is to inculcate the transaction habit among accountholders and provide them basic financial cover, said a government official aware of deliberations. Get rural atms running on priority, orders RBI While in the urban areas, a lot of ATMs have already been recalibrated, people were still facing empty machines or the ones dispensing only Rs 2,000 notes. Helping India's farmers embrace a cashless economy The Indian Farmers Fertiliser Cooperative Limited (IFFCO), the world's largest fertilizer cooperative, has initiated a pan India outreach programme to educate farmers about the benefits of shifting towards cashless transactions. Venture debt comes of age in India, at long last Providers lend from ₹5 crore to ₹25 crore to start-ups and SMEs at 15-17% StanChart global lay-off to hit 40-50 banking staff in India Standard Chartered (StanChart) India the largest foreign lender in terms of branches has decided to reduce ten percent of its workforce from the corporate and institutional banking(CIB) division. In India, approximately 40-50 people could be asked Utkarsh MF gets RBI green light for small finance bank Incorporated in 2009, Utkarsh Micro Finance is among the top 10 micro finance company in the country with operations in 10 states. Ajay Kanwal, Standard Chartered’s Asean CEO, resigns over disclosure lapse Ajay Kanwal says some of his disclosures about investments in businesses outside the bank didn’t meet Standard Chartered’s ‘very high standards’ ICICI Bank to convert 100 villages into digital in 100 days Transformed into 'ICICI Digital Villages', villagers will be able to open bank accounts using Aadhar-based e-KYC. Can Indians shift away from physical assets? There is a traditional bias towards select physical assets, such as gold and real estate but with the fall in their prices for some time, investors may move to other assets Mumbai is no more the financial capital of India The Oxford Economics forecast for 2030 shows that Delhi and Mumbai will move further up the list. While Delhi is predicted to be at the 11th spot, Mumbai will be 14th. Where are Indians investing today? Real estate is a good investment option, but not by taking leverage because returns will remain low when compared to cost of funding Govt says may issue more market stabilisation bonds to drain excess cash The government will study an RBI proposal to increase the limit of market stabilisation scheme (MSS) bonds issued this year and will take a decision accordingly RBL Bank ties up with Bajaj finance for co-branded credit cards The co-branded cards are targeted at the large segment of people in metros and non-metros who have no credit cards. Only 25% entrepreneurs have a defined second line of management: Report The ASCENT-EY report looked at entrepreneurs’ readiness for scalable growth and the challenges they face RBI's diktat for retro CRR puts banks at risk of default If the central bank fails to issue clarification, banks would default on their CRR obligations, which would invite penalty from the regulator. After RBI measure, bond yield to move up: Bhaskar Panda, HDFC Bank “There will be some stress, but we are well prepared for it. I do not see any issue from our bank per se” Reliance Jio files complaint with CCI against telecoms Reliance Jio Infocomm is understood to have filed a complaint with the Competition Commission of India (CCI), accusing Bharti Airtel, Vodafone and Idea Cellular of acting as a cartel in the telecom market. Here's how Reliance Jio is adding nearly 1000 new customers a minute Mukesh Ambani-led Jio has made a user base of around 50 million subscribers as of November 26. Reliance Jio crosses 50 million subscribers in 83 days NEW DELHI: Mukesh Ambani's ambitious telecom service Reliance Jio has crossed 50 million subscriber base since its launch in early September, ramping up the number in 83 days. IT decentralistion driving up costs in Indian firms: Study Eighty-three per cent of respondents felt that the IT department should be responsible for driving innovation across the organisation. Google Pixel Phones Capture 10 Percent of Premium Smartphone Share in India in October: Counterpoint   MobiKwik's new Lite app will let you go cashless on any network, any phone in India Mobile wallet apps are cashing in on government's major demonetization push. India adds most mobile subscribers with 15 mn new users in Q3 2016: Report By 2019, 4G LTE could become the dominant "mobile access technology" connecting 4.6 billion subscriptions With India's UPI, who needs mobile wallets? Demonetisation is a very positive message to send not only to India but also outside India, to all those who watch this country closely. India added 240m phones/year build capacity in just one year Why hello there, new electronics-making superpower Vodafone cash infusion, 4G expansion fuel FDI in telecom to an all-time high At $7.2 billion, FDI inflow was the highest in October, when Vodafone invested Rs47,700 crore, or $7 billion, in its Indian unit, to cut debt and help expansion Facebook tests 'Express Wi-Fi' in India The social media giant says it is trying to provide an affordable internet service in the rural parts of the country. Microsoft's Surface Phone could come packing some powerful tech Leaks continue to drip out of Redmond about the supposedly forthcoming Microsoft Surface Phone, and the latest from the rumor mill suggests the specs of the Mobile companies seek 10-yr tax holiday, bat for components makers It aims to produce 50 crore mobile handsets annually in the country with value around Rs 1.5-3 lakh crore by 2019 Trai norms flouted in sale of VoIP minutes AHMEDABAD: The four-member committee of IPS officers headed by city police chief A K Singh, formed to probe the 'con call centre' racket, is probing how Telecom Regulatory Authority Of India (Trai) norms were violated in the sale of voice over internet protocol (VoIP) minutes to illegal call centres in the city. Telecom customer base shrinks to 1053 million in August State run Bharat Sanchar Nigam Limited (BSNL) recorded the highest number of wireless user additions in August, ahead Airtel. Peter England collaborates with Andhra weavers to launch handloom shirts Aditya Birla Fashion and Retail owned menswear brand Peter England will sell handloom shirts from its stores across India as part of a collaboration, Textiles Minister Smriti Irani said today. How Narendra Modi's demonetisation is weighing on sectors The ban on Rs 500 and Rs 1,000 notes has impacted a raft of sectors. Consumers have turned frugal, causing a sharp drop in demand for goods and services. National FMCG brands prefer M A route to south Fast moving consumer goods (FMCG) companies in the south are opening the door for investors. Merger and acquisition M&A) data in the segment during 2015-2016 shows FMCG entities from the north and west are acquiring more southern brands. Examples in Demonetisation Drive, GST to Impact Market in Short Term, Says HUL FMCG major Hindustan Unilever Ltd (HUL) on Monday said market growth would be 'More companies die of indigestion than of starvation' The importance of agility and adaptability cannot be overstated in today's environment, say business leaders at Ascent Conclave Teenagers drink a bathtub of sugary drinks a year! Children aged between 11 and 18-year-old consume three times more the recommended limit of sugar intake. TradeBriefs Publications are read by over 10,00,000 Industry Executives India Business Brief | India Retail News | India Food Brief | India Telecom Brief | India Finance Brief | India Software Brief | India Digital Brief | India Ecommerce Brief | India Franchise Brief | India HR Brief | India Logistics Brief | India Construction Brief About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. 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