Dec 16, 2016 -

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Sree Vijaykumar From the Editor's Desk Good bosses switch between two leadership styles, dominance and prestige. Leading through dominance means influencing others by being assertive and leveraging one's power and formal authority. Leading through prestige means displaying one's knowledge and expertise and encouraging others to follow. More in this HBR article. 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). Bajaj Dominar 400 launched, to take on Royal Enfield Bajaj Dominar 400 priced at Rs136,000 and Rs150,000 (ex-showroom, Delhi) for non-ABS and ABS variants, respectively; deliveries start in January 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. The Real Deal with Email and What TradeBriefs does right So, here Govt to notify income disclosure scheme for taxing black money hoarders The move will give tax evaders another opportunity to come clean but by paying higher taxes and penalties; scheme likely to end on 30 December Nusli Wadia shifts focus to ‘lapses’ at Tata Chemicals Independent director Nusli Wadia alleges senior managers were asked to sign a pre-drafted letter seeking to endorse the stand of Tata Sons Williamson Magor to infuse up to Rs600 crore to revive McNally Bharat EMC currently owns 36% in McNally Bharat—26.66% directly and the rest through an investment arm; the Khaitan family has an equal stake in the company Practo buys healthcare analytics firm Enlightiks Practo CEO Shashank ND says the Enlightiks acquisition, and those of Insta Health Solutions and Qikwell Tech last year, completes the firm’s healthcare suite Paytm on track to achieve its goal of 500 million digital wallets by 2020 Paytm has been growing its e-commerce business aggressively over the past two years Amagi Media Labs raises $35 million from Emerald Media, Premji Invest Amagi Media Labs is a media technology firm providing cloud-based managed broadcast services and targeted advertising platforms to customers worldwide The Indian e-commerce wave is far from over Bertlesmann India Investment organised the Badminton League for the VC community in New Delhi. Dentsu Aegis Network buys Fractal Ink for Rs250 crore The agency will be rebranded as Fractal Ink Design Studio—Linked by Isobar, Dentsu Aegis Network has said Banan looks set to buy back Sagar Ratna at a big discount IEP Fund Advisors put its stake in the South Indian restaurant chain on the block towards the middle of 2016, following conflicts over quality and governance with Banan. Carlyle set to acquire stake in vaccine maker Bharat Biotech Carlyle Group to buy minority stake in Bharat Biotech from existing investors ICICI Venture, International Finance Corp., and Subhkam Ventures Raids at branches impacting morale, say bankers; efforts on to reach out to staff Over the past few days, law enforcement agencies have raided branches of various banks, unearthing unauthorised cash disbursals and fake accounts. RBI orders banks to probe unusual cash transactions The seizure of new notes Rs 500 and Rs 2,000 in lakhs and crores have happened despite a cap of Rs 24,000 on withdrawals per week. Venture capital firms eyeing secondary stake sales “It is my job to look for exits, but that does not mean any deal is imminent,” said Vani Kola, managing director at Kalaari, declining to comment specifically on the secondary sale. Cash withdrawal limits imposed on certain bank accounts by RBI RBI imposed cash withdrawal limits if more than Rs2 lakh has been deposited after 9 November in an account which has a balance of over Rs5 lakh Govt has stepped up printing of Rs 500 notes: Finance Ministry Shaktikanta Das said the government has stepped up printing of 500 rupee notes and as its circulation increases, people would also take out the 2,000 rupee notes they were hoarding so far. India sees oil touching $60 a barrel before retreating A deal between OPEC and non-OPEC members to cut output for the first time since 2008 has led to a 15 per cent surge in crude oil prices in last two weeks. Tata Motors emerges as key battle in Tata vs Mistry fight Tata group is facing opposition to its plan to remove Cyrus Mistry after Glass Lewis and Institutional Shareholder Services recommended investors vote against the move What Amazon Launchpad says about Indian innovators As the social stigma associated with risk-taking recedes, product start-ups are getting quirkier than ever before Foreign investors pull out $2 billion from Indian markets this year Net outflow by FPIs in the debt market is already more than $6.2 billion this year, which far exceeds the net inflow of less than $4.3 billion into equity There is no magical on-off switch that will allow India to transform into cashless economy India falls well short of the pre-requisites needed to become a digital economy. Demonetisation: Worthless cash turning into gold for state-run banks About 43 per cent of State Bank of Indias deposits were in CASA accounts as of September 30, more than HDFC Banks 40 per cent and ICICI Banks average of 41.5 per cent for the September quarter, filings show. This Startup Is Cutting Out The Middleman From Indian Retailers' Profits As eCommerce gains more clicks and more transactions, online shopping sales have increased to 15 percent over last year. Can Grofers offer cash withdrawals from YES Bank's POS machines? Grofers and YES Bank seem to be violating RBI norms which allows cash withdrawal at POS machines by imposing a minimum order. FreeCharge encourages transition to cashless economy with India's first flat 100% Cashback Sale FreeCharge held the 100% Cashback Sale on December 11 and 12 South Indian customers more brand loyal than other buyers in India India Retail Forum (IRF), India's largest retail intelligence event, hosted the second edition of the South India Retail Summit (SIRS) yesterday at the ITC Gardenia, Bengaluru.Comprising a day-lon The four pillars of futuristic grocery retailing The Retail Grocery Industry in India is at a crossroads today. It is faced with multiple challenges: changing consumer patterns and shift in preferences, pricing, government policies, taxation and reg Nokia is now India's top 4G LTE network vendor: India head Sanjay Malik In his first interview since taking charge, he tells ET’s Danish Khan that the company’s business with existing customers will only grow as they l.. GST could trip 'Make in India' for smartphones India's success in making firms such as Samsung, Xiaomi and Micromax to locally produce phones could become a cropper, once the Goods and Services Tax (GST) comes into effect, as the new taxation regime could neutralise the cost benefits to make India's Botched War On Cash | The Huffington Post India is in the throes of an unprecedented social experiment in enforced digital disruption, and the world has much to learn from it. Prime Minister N... Rcom-Aircel merger: Biggest consolidation deal in India's telecom sector Termed as the biggest consolidation deal in the telecom space of India, Reliance Communications and Aircel merged their wireless operations on September 14 to give birth to an entity with assets worth Rs 65,000 crore. 4.99M Mobile Number Portability requests in India in September 2016 Porting requests were submitted for 4.99 million connections in the month of September 2016, according to the Indian Telecom regulator TRAI. This is down 2.55% from 5.12 million porting requests reported in August 2016. For the month of September, the maximum number of requests in Zone-I (North a Infosys invests in Indian drone startup ideaForge Infosys will fund the investment in ideaForge through its Innovation Fund No mobile payment app in India is completely secure, says chip maker Qualcomm The company said such services were only using software-level security and not hardware-based encryption to protect user data Slowdown signal: 16 top firms show sharp dip in advance tax “There was a slowdown in the economy which has only increased since demonetisation on November 8 and the advance tax numbers are indicative of this slowdown." Hindustan Unilever experiments with games to sell products Hindustan Unilever uses interactive board game called Kheloge Toh Jeetoge to woo housewives Ramdev says will expand Patanjali products globally He said that he will never introduce any such product which is inedible as per the principle. Despite legal row with Godrej, Mahendran enters repellents Six months after Godrej Group chairman Adi Godrej accused former GCPL MD A Mahendran of an ethical and legal breach following plans of the latter to step into household insecticides, Mahendran today launched his mosquito repellent brand DND.In Make emotional connect with consumers to boost loyalty, say panellists at VCCircle summit Human connection, love for the brand and an emotional connect with the consumer are some of the major drivers of loyalty programmes, said panellists at the VCCircle India Loyalty Conclave 2016. This change has come about in the approach advertisers and marketers have adopted over the past few years, the panellists said at the event held in Mumbai on Wednesday.  In his opening address, CVL Srinivas, South Asia CEO at advertising firm GroupM, said that brands need to move toward real-time marketing and that social media has now become a new platform for rewards. 'Kimberly-Clark to focus on its broad-based market in India' Kimberly-Clark is focussing on new demands for consumers in its broad-based market development plan for India. Hinterlands become FMCG's trump card: A Nielsen Study Long prevalent stereotypes of consumption patterns across states and population strata are being decimated as Indian consumers evolve and physically relocate. Increasing urbanisation, higher levels of awareness and improved infrastructure are all contributing to the trend. As business leaders rush to make sense of these evolving patterns, some clear trends are emerging through market analysis. As pastorals insist on payment in new currency notes, mutton prices shoot up in Mumbai A goat, in order to be used for mutton purpose is sold when it is four or five months old. There is no demand for old goats, which just become a burden for the shephard has he/she has to incur cost on its food. Paper Boat has wind in its sales, but losses rise The seven-year old company posted sales of Rs 72 crore for 2015-16, up from Rs 32 crore in the previous year. Its net loss in 2014-15 was Rs 22.6 crore. Food and Beverage Alliance policy guidelines are a good step, but India's public health framework is a worry India lacks a framework of public health, legal and economic policies for effective implementation of the WHO recommendations that provide for a comprehensive reduction of marketing of foods high in saturated fats, trans-fatty acids, free sugars and salt to children. 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