Jan 25, 2017 - Starbucks to add Microsoft's Satya Nadella to its board

View online   Advertise              Unsubscribe from TradeBriefs Business Daily

Sree Vijaykumar From the Editor's Desk Some of the most notable differences between Western and Eastern cultures revolve around the concepts of "individualism" and "collectivism"; whether you consider yourself to be independent and self-contained, or entwined and interconnected with the other people around you, valuing the group over the individual. Generally speaking - there are many exceptions - people in the West tend to be more individualist, and people from Asian countries like India, Japan or China tend to be more collectivist. When questioned about their attitudes and behaviours, people in more individualistic, Western societies tend to value personal success over group achievement, which in turn is also associated with the need for greater self-esteem and the pursuit of personal happiness. But this thirst for self-validation also manifests in overconfidence, with many experiments showing that Western participants are likely to overestimate their abilities. When asked about their competence, for instance, 94% of American professors claimed they were "better than average". This tendency for self-inflation appears to be almost completely absent in a range of studies across East Asia; in fact, in some cases the participants were more likely to underestimate their abilities than to inflate their sense of self-worth. More in this BBC Culture piece 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). Starbucks to add Microsoft’s Satya Nadella to its board Satya Nadella has been nominated to join the board of Starbucks for his ‘invaluable insight’ in international operations and distribution 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 ‘Predatory pricing’ of new entrants like Reliance Jio is hurting telcos: Airtel Airtel says the ‘predatory pricing’ by Reliance Jio is hurting the telecom industry after it (Bharti Airtel) posted a 55% drop in profit Payment companies seek to crack banks’ monopoly on card use Payment firms push for opening up of the market to a larger number of non-banking entities allowing installation of PoS machines, amid the Modi govt’s growing digital transaction push Cisco to buy software maker AppDynamics for $3.7 billion Cisco will add AppDynamics’ software and services that help companies to monitor and fine-tune the performance of their own business systems Modi power plans slow to light rural India as 240 million still live in darkness Power shortages cost India the equivalent of about 7% of GDP, the World Bank said in 2010, when the country witnessed supply deficits of almost 15% Big banks plan interbank blockchain platform The banks involved in the larger pilot, including State Bank of India, are working with New York-based startup MonetaGo, which will provide the platform. Chinese conglomerate Fosun International to make its first investment in India in Ixigo This would be the first venture transaction by Fosun International in India after setting shop in the country almost a year ago Germany-based funds Senovo, UVC back SaaS venture Loyalty Prime Software-as-a-Service (SaaS) platform Loyalty Prime has secured a Series A round of funding from a consortium of investors, including Munich-based early stage fund Senovo, Unternehmertum Venture Capital (UVC) and angel investor Alexander Bruehl, the company said in a statement on Tuesday. The company will use the funds to expand its business across Europe, the US and Asia in a phased manner, “India [is] clearly on the roll out map to become a key market for us,” a company spokesperson told TechCircle in an email. Chinese smartphones rout Indian brands on their own turf Xiaomi, Vivo, Lenovo/Motorola, Oppo and others have captured 46% of the Indian smartphone market, shoving aside Micromax and Intex Will Modi’s post-demonetisation sop to India’s pregnant women succeed? An analysis of the potential of the Maternity Benefit Programme in improving maternal and child health outcomes Budget 2017: 6 reasons why the Indian economy needs a fiscal stimulus While the government will have enough buffer to provide the necessary fiscal stimulus to revive the economy, it is expected it will be more pragmatic in its approach to concomitantly fulfil the long-term objective of fiscal consolidation Snapdeal in talks with SoftBank to raise funds at lower valuation Snapdeal, SoftBank have discussed a valuation range of $3-4 billion for the fundraising, but it is still trying to attract new investors at a higher valuation Micro finance institutions raise alarm Nagpur: Micro finance institutions (MFIs) have claimed that note ban, coupled with politicians' statements encouraging borrowers to not repay, has left the entities bleeding in Vidarbha. GroupM acquires majority stake in MediaCom India GroupM, which did not disclose the details of the deal, stated that MediaCom India will continue to operate as an independent brand Endiya Partners raises Rs175 crore Endiya, which had marked Rs100 crore as the fund’s first close in January, raised an additional Rs75 crore as part of its first fund Actis in talks to promote new renewable energy platform, after Ostro success Private equity fund Actis Llp has initiated talks with SolarArise, which plans to set up around 250MW of solar power projects in India Ankur Khanna quits as CFO of AirAsia India The Malaysian low-fare carrier and Tata Sons own 49% each in the airline. The remaining 2% is owned by Chairman S Ramadorai and Director R Venkataramanan. IT department to target Indian MNCs avoiding tax Indian MNCs that have set up arms overseas to raise funds or expand business and foreign cos that outsource high-end critical functions in India to contribute to their global value chain will face tighter scrutiny. HDFC Bank wants reasonable MDR charges The country's second largest lender had 2.95 lakh PoS terminals as on October 2016, making it the largest player in this segment. CBDT provides on taxation for alternative investment funds New Delhi, Jan 24 (PTI) In a major relief to foreign investors, the government today clarified that income arising from transfer of unlisted shares by certain categories of alternative investment funds will not be liable for taxation. Rolling back of TPP would be beneficial for India: Experts On his first weekday at work, the US President ‘terminated’ the Trans-Pacific Partnership, the biggest trade deal in history, Barack Obama’s signature achievement and the proposed American counter to China’s economic influence in the region. Kotak Mahindra sells 2.1% in South Indian Bank for Rs 60 crore According to bulk deal data available with the BSE, Kotak Mahindra International sold a total of 2.85 crore shares, amounting to 2.11 per cent stake, of South Indian Bank. Muthoot Microfin raises Rs 130 crore from US-based PE firm Creation Investments Muthoot Microfin-Creation deal marks a major step in the country's microfinance sectors post demonetisation. This is also first-ever private equity investment in Muthoot Group. Nabard to raise Rs 20,000 crore for on-lending to co-op banks An interest subvention of about 1.8 per cent and Nabard's administrative cost of 0.2 per cent will be provided as per the scheme of Department of Agriculture Germany to finance strategic infrastructure projects in India In a meeting with the CII delegation, German Federal Finance Minister Wolfgang Schauble said that Germany is committed to working with India for mutual benefit. Germany to finance strategic infrastructure projects in India German Federal finance minister Wolfgang Schauble told a visiting CII delegation that his country is committed to working with India for mutual benefit India may have leapfrogged USA tech industry to become a cashless economy, says Vivek Wadhwa The US can learn many lessons from India's move towards a cashless economy, a top Silicon Valley expert has said while underlining that India "may have leapfrogged" American technology industry with simple and practical innovations. Yes Bank to offer exclusive banking services to Telugu NRIs Yes Bank will also depute a dedicated relationship manager to take care of all banking-related needs of the community. Budget 2017: How India can get standout growth; here's what experts want from Narendra Modi govt With less than 10 days to go for the Union Budget 2017, hopes are pinned on Finance Minister Arun Jaitley to deliver a balanced budget. India hopes to complete oil storage talks with UAE on Tuesday India, which imports about 80 percent of its oil needs, is building emergency storage in vast underground caverns to hold some 36.87 million barrels of crude Fayaz Kabli / Reuters As the world becomes more enlightened and aware of the terror imposed by radical Islamists, mostly due to ISIS, many people living under Sharia law-controlled regions have been familiar with its oppre... Apple wants retailers to dote on all its 'i's The researcher estimates the company captured the tenth position in the smartphone rankings during the last quarter but led the premium segment (above Rs 30K) with 62% market share. Retail real estate saw $700 mn investment in 2016: CBRE Hindustan Times These seven cities are NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad and Pune. According to CBRE, a majority of the supply that entered the market in ... Measures such as relaxation of FDI norms in single-brand retail, e-commerce, and food ...sp; UC Web to serve as Alibaba's e-commerce media platform in India - Jack Huang, President of Overseas Business, Alibaba Mobile Business Group sees India as the most critical overseas market for UCWeb . Govt must simplify retail trade policy, says Future Retail Stressing on the retail sector's expectations from Budget 2017, Rakesh Biyani, Joint managing Director of Future Retail told CNBC-TV18 that the government must simplify retail trade policy. Xiaomi to expand retail footprint, device ecosystem in India: Donovan Sung of Xiaomi Business Today Founded in 2010 in China, Xiaomi entered the Indian market in mid 2014. Since then, the company has aggressively launched its value for money smartphones and accessories. As per the latest numbers shared by IDC, Xiaomi has become the third-largest ... Donald Trump calls PM Modi, says India a 'true friend'; extends invitation Describing India as a "true friend" of the US, President Donald Trump invited Prime Minister Narendra Modi to visit the country later this year, the White House said after both leaders spoke over phone and discussed issues such as trade, defence and terrorism. Has demonetisation helped Apple gain market share in India "Apple achieved a landmark, crossing 2.5 million units in a calendar year, with a 1/3 of its total shipment coming alone from the record fourth quarte.. Bharti Airtel's profits fall 55% in price war against Reliance Jio Bharti Airtel fails to beat street estimates Telecom policy of 1994 was a bit disaster: R Chandrashekhar New Delhi, Jan 24 (PTI) The National Telecom Policy 1994 was a Idea in HC against TRAI's Rs 950 cr penalty recommendation Says Jio was given 19,175 interconnection points; call failure due to Jio's bad math on call volumes Biggest telecom merger in the offing as Airtel engages tiGO for a deal The country’s telecommunications sector is set to witness a major transformation as owners of two of the major players in the industry are set to merge. Bharti Airtel, owners of Airtel Ghana, is reportedly in talks with rival company, Millicom International Cellular, operators of tiGO in Ghana, for 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. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India