Feb 6, 2017 - Lessons from the Silicon Valley

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Sree Vijaykumar From the Editor's Desk Only 6% of pageviews generated in the US are on foreign news sites. And that number is even lower for several other countries. A Harvard study suggests that not knowing much about other countries correlates directly to perceived national superiority. And in a study of over 35 countries, India tops this list. More in this HBR video. 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). Lessons from the Silicon Valley The Indian technology ecosystem has unique potential. To realise it, we need to learn from more mature markets   Brightest minds of India Inc. to convene at Retail Leadership Summit 2017 to deliberate on the future course for retail in India Come February 15, and Renaissance Hotel & Convention Centre, Mumbai will be abuzz with activity as the best and brightest minds of retail from across India will come together to chart the way forward for the industry at the Retail Leadership Summit (RLS). To be held on February 15 – 16, RLS is the biggest knowledge sharing platform for the industry organised by the industry, for the industry. Organised by Retailers Association of India (RAI), RLS 2017 will focus on the theme Collaborating to Win the Connected Consumer as Collaboration is the need of the hour, the way ahead for all. Speakers at the event include industry leaders such as BS Nagesh, Founder TRRAIN & Chairman RAI; Dr A Velumani, Creator & MD, Thyrocare; Govind Shrikhande, MD, Shoppers Stop, Hari Menon, Co-founder & CEO, Bigbasket.com; Vijay Shekhar Sharma, Founder & CEO, Paytm among others. To know more,click here   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. SoftBank’s Jonathan Bullock quits boards of Ola, Snapdeal and Housing SoftBank managing director David Thevenon is likely to replace Jonathan Bullock and join the boards of Ola and Snapdeal Does private equity add value to companies they invest in? Comparing private equity-backed and non-private equity backed company performance, PE outperforms on revenue and earnings growth Baring PE Asia raising India-dedicated credit fund The first close of the new Rs500 crore fund is expected in the March quarter, following which it will start investing money from the new fund Effects of regulatory intervention in banking The restructuring mechanism cannot be a permanent solution to non-performing assets Aadhaar-based payments will be a game changer in digital banking, says SBI Managing Director Rajnish Kumar In interview with The Indian Express, Rajnish Kumar spoke about the sector’s digital initiatives. We are not following traditional process on disinvestment, says Neeraj Kumar Gupta The department of investment and public asset management is no longer just a divestment department, its focus is management of investment, says Neeraj Kumar Gupta We will surpass estimates of 15.3% growth in direct taxes, says Hasmukh Adhia We are seeing early signs of improvement in personal income tax compliance, hope the trend continues, says Hasmukh Adhia Micromax sets up $75 million fund to invest in consumer Internet firms Orbis Capital fund aims to raise $75 million in the next 12-18 months FPIs get back to buying mode, pump in Rs2,300 crore in 3 days According to depository data, FPIs infused a net sum of Rs1,246 crore in equities during 1-3 February and another Rs1,098 crore in the debt segment India on 'brink' of techno-institutional revolution: Ahluwalia DigiLocker was recently integrated with UIDAI (Unique Identification Authority of India), as a registered issuer. Ujjivan Small Finance Bank to commence banking on February 6 All small finance banks will attempt in their own ways to redefine banking in India; in the process, all may not thrive Should founders run their course, or is it time for a CEO from outside? What makes venture capital funds back founder-CEOs all the way? Which way will Indias digital economy tread? Read to find out some answers here. Alibaba-backed Paytm to shop for logistics firm next It helped Paytm generate a billion plus product portfolio For ITC, change at the top brings sense of continuity ITC has already started giving feelers to the trade partners that it is now going to cut down losses in other FMCG businesses. Pizza Hut plans to double outlets by 2022 in India The Yum! Restaurants-owned pizza chain runs a franchise model in the country, where investments come from franchise partners, Varma added. - Chennai's conservative foodscape is changing, opens up to global eats and fads Since it is Pongal, the end of winter, the beginning of a new agrarian cycle in this part of the world, the gods are being feted. Malabar Gold to open more small retail outlets Jewellery retailer Malabar Gold & Diamonds on Saturday said it will open more small retail outlets in Bengaluru, as part of its efforts to engage customers in a better way. Tata slips from top 100 global brands list Tata Group has been the only Indian brand that has found a place in the top 100 global brand study Reliance Jio now dragged to CCI by Bharti Airtel over predatory pricing strategies Delhi High court on Monday will hear the plea filed by Vodafone India alleging that the Telecom Regulatory Authority of India (TRAI) had failed to prohibit Reliance Jio Infocomm Ltd's (RJIO) Operators to assist TRAI in call drop tests New Delhi, Feb 5 (PTI) Telecom regulator Trai has said that 'operator-assisted' drive tests, which measure call drops and service quality, would start across various locations soon. ZTE Blade A2 Plus Launch: ZTE India to Launch Up to 8 New Devices in Next Few Months   Idea Cellular to cover 23 towns with 4G services in UP East by next month Idea Cellular, one of the fastest growing telecom operator in India announced the launch of 4G services in UP East starting with the two major towns of Lucknow and Kanpur. Indian Mobile Subscriber Stats Nov 2016: 1100M Total, 968M Active, Jio's Record According to official TRAI data, Jio added a whopping 16.26 million new connections in November 2016, taking their tally to over 51.8 million connections in less than 3 months of launch. The TRAI figures confirm the announcement made by Jio last year that they added 50 million subscribers in 83 days, which incidentally is a world record! Emami planning to sell She Comfort In recent analysts’ meet that Emami had written off all its investments in the sanitary napkin business and was looking for a buyer for She Comfort, says Mohan Goenka Not-so-fast consumer goods will take time to regain pace Normal monsoons in the current season sowed the seeds of demand resurgence in the industry that reported as much as 10% growth in sales of hair oil, shampoo and toothpastes in October. Patanjali wants more land from BJP led government in Assam for food park Ramdev had discussion with Assam Industry minister, Chandra Mohan Patwary, and sought another 33 acres of land in Balipara in Assam. Rasna eyes kids snack segment, to expand product portfolio Rasna is a market leader with 85 per cent share in the Rs 1,000 crore-powdered drink space that is growing at 15-20 per cent annually. Why Paper Boat chose to launch a fair trade product Standards for fair trade are laid down by not-for-profit organisations like Fairtrade International, WFTO and Fair Trade USA. Paper Boat Chikki is Fairtrade-certified. Dabur launches ayurvedic gel toothpaste Dabur India Ltd today announced the launch of a ayurvedic specialist toothpaste in Amazon India looks to grow with kids; Hunts for brand partnerships The kids fashion vertical grew 2.5x in 2016 in terms of the units sold, though exact numbers were not disclosed by Amazon India. Alibaba Group expands presence in Australia, New Zealand The group's billionaire founder Jack Ma, who spent time in Australia as a young man, said he hoped the e-commerce giant would help Australian and New .. Govt e-marketplace set to be mandatory for all departments Mandatory use of GeM (the government e-marketplace) could be in place in a few weeks and is part of the amendments to the General Financial Rules (GFR.. Micromax sets up $75 million fund to invest in consumer internet companies - In the last two years, Micromax has already invested in about 10 startups. Airtel files counter complaint with the antitrust regulator against bitter rival Reliance Jio It added approximately 5 million users and pursuant to its launch date on September 5, till December 31, it has grossed 72.5 million customers,” Airtel said. Re-skilling and not recruitment, is the new focus of IT majors At the turn of the century, a boom in the IT sector led by companies such as TCS, Infosys and Wipro translated into the creation of thousands of white collar jobs in the country, and a relatively easy opportunity to work onsite in the mature markets of US and Europe. Micromax to set up $100-million fund to invest in consumer internet firms In the last two years, Micromax has already invested in about 10 startups, including ixigo, Gaana, HealthifyMe and Scandid. Infosys planning to abandon annual forecasts as uncertainties mount For the first time since Infosys started giving a revenue growth outlook, its board is debating if the company can predict its own business amid uncertain client spending Indian IT firms to meet Trump administration to discuss concerns over visa reforms India's software services industry is concerned about a bill introduced in the U.S. Congress seeking to double the salary paid to H-1B visa holders. 3700 crore pyramid scheme style internet scam busted by Indian Police Police said they had arrested three ringleaders on the outskirts of New Delhi, the capital, and seized more than 500 crore rupees. Alibaba’s “reunion” app helps in rescuing hundreds of missing children rescued in China "Tuanyuan", or "reunion" in Chinese, app developed by Alibaba was launched in May and has allowed police officers to share information and work together. Google, unlike Microsoft must reveal foreign emails to law enforcement officials, says US Court A U.S. judge has ordered Google to comply with search warrants seeking customer emails stored outside the United States. 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