Jun 13, 2017 - Uber's Emil Michael is said to blame board, not behaviour, for ouster

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Sree Vijaykumar From the Editor's Desk If coasting through your career without working is your aim, you'll enjoy this! The first principle of skiving (or shirking) is always to appear hard at work. There is the ancient jacket-on-the-back-of-the-chair trick: leave a coat permanently on display so that a casual observer - a CEO practising "managing by walking around", for example - will assume that you are the first to arrive and the last to leave. There is also a high-tech version of the jacket trick: program your e-mails to send themselves at half past midnight or 5.30am to give your managers the impression that you are a Stakhanovite. Another principle is that you should always try to get a job where there is no clear relation between input and output. The public sector is a skiver's paradise. In 2004 it took two days for anyone to notice that a Finnish tax inspector had died at his desk. More here Advertisers of the day On behalf of SAP India: Get GST-Ready in just a few weeks shivkhera: Optimize Performance and Move Up to the Next Level : Programs by Mr. Shiv Khera   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). Uber’s Emil Michael is said to blame board, not behaviour, for ouster Emil Michael was at the centre of two more controversies made public this year that were included in an investigation into Uber’s culture Advt: Lending solutions for all your long-term business needs No company starts big. They grow over time. Standard Chartered will be your companion in this growth journey, giving you solutions that fit your needs at every stage (Know More) 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. Burst in investor confidence pushing up crude oil prices Brent crude futures were up by 85 cents at $49.00 per barrel today. Foreigners will be interested if India gets its policies right: Paul Gruenwald, S P Global Ratings If you get the policies right and the rest of the world is doing okay, India can grow at 7% plus for quite a long time. India’s war of the Mandarins leaves companies as victims The biggest casualty of the war of words between the finance ministry in New Delhi and the central bank in Mumbai is Indian companies High inflows force RBI to buy dollar in forward market The central bank bought a net of $556 million from the spot dollar market. Biggest casualty of war of words between FM and RBI is India Inc The battle of the mandarins has its origin in the November 8 demonetisation. HyperTrack raises $7 million from Nexus Venture, Founders Fund HyperTrack, a start-up that helps businesses track products and people in real time, raises $7 million in Series A round The market frees itself from the shackles of corporate earnings The recent rise in the equity market is solely the result of the massive amount of funds flowing into it; It will be interesting to watch how long it can maintain this remarkable feat The costs of very low inflation RBI may have an inflation target of 4% but what it should be really worried about is the cost of achieving and maintaining a very low inflation rate Has corporate India’s financial health improved? March quarter financial results show that large parts of the corporate sector are still in frail health, and there is a new debt problem looming in the telecom sector Internet economy is the future, but India doesn't have a big player, says Soumitra Dutta In an interview with The Indian Express, Dutta pointed out that entrepreneurship and increased focus on domestic market will help create more jobs. Algo-trading case: Sebi asks NSE why it didn’t cooperate in probe on unfair access NSE hasn’t cooperated with Sebi, expert committee and forensic auditor investigating the algo-trading case, says Sebi in a showcause notice Fight against benami properties may affect homebuyers, banks Attachment of real estate projects under development to dredge out benami properties will trigger a chain of defaults, says top banker Veda Advisors founders split, Vinod Kumar to set up own firm Breaking up an association dating back 25 years with C. Venkat Subramanyam, Veda Corporate Advisors co-founder Vinod Kumar plans to form his own boutique bank Better times ahead for India's venture capital market Even when the next phase gets going, it may be a while before the venture capital investment activity gets to the exuberant levels of the later half of 2014 and 2015 India is the most frugal economy in world, says Jayant Sinha India is poised to become the entrepreneurial engine of the world and lead in innovation and economic development thanks to the factors like its frugal development model and advantage of demographic dividend, Union minister Jayant Sinha said. Ministers’ panel starts hearing case for bailing out debt-laden telecom firms Not all telecom firms want a bailout . Reliance Jio is believed to have told the inter-ministerial panel that its rivals such as Airtel should invest more equity JV partners of Indiafirst Life Insurance exploring strategic options Talks have been held with prospective suitors like Reliance Nippon Life Insurance, said sources. IRDA appoints administrator to manage Sahara Life Insurance IRDA takes over the management of Sahara Life Insurance, saying that the Subrata Roy firm was ‘acting in a manner’ prejudicial to the interest of subscribers Vijaya Bank seeks to hire bankers for QIP Vijaya Bank has floated a request for proposal for selecting bankers for the share sale worth up to Rs1,000 crore Meet the VC who plans to invest Rs 300 crore in Indian consumer brands Singh who has a penchant for consumer brands quit Helion in 2014 when the Gurgaon based fund decided to focus mostly on technology startup investments. State Bank of India's paid up capital rises to Rs 863 cr post Rs 15,000 crore QIP "Pursuant to the allotment of equity shares in the issue, the paid up equity share capital of the bank stands increased from Rs 810 crore to Rs 863 crore." Axis Bank plans to raise Rs5,000 crore via debentures Private sector Axis Bank says it proposes to raise Rs5,000 crore from debentures to fund business growth RBI preparing list of bad loans under bankruptcy rules: Jaitley Jaitley said he discussed NPA resolution, finances of banks with heads of public banks. Helion co-founder’s new fund hits first close of Rs180 crore Fireside Ventures, which was started by Helion co-founder Kanwaljit Singh, announces first close of its maiden fund with commitments of Rs180 crore Kiddie retailer Gymboree files for bankruptcy, to close some stores Retailer says Chapter 11 bankruptcy protection will help it unload nearly $1 billion in debt and run a smaller, profitable chain Amazon leases 6 lakh square feet office space in Hyderabad It will be occupied in two phases. Amazon will be paying a rent of around Rs 54 per sq ft. The facility will be ready by the end of December. Government to start mapping your online shopping habits The national expenditure survey will cover almost 1.2 lakh households across 5,000 urban blocks and 7,000 villages. It will provide state level data as well. GST: Single rate on cinema exhibition, plead multiplexes Close to 75% of the 8,500-9,000 screens in India are single ones i.e. 6,000 to 6,500 Why Online Shopping is Both a Burden and a Boon for Retailers Predictive analytics helps ecommerce companies by forecasting which products are most likely to be purchased, while also influencing buying behavior. GST will help in e-commerce export, but clarity on policy needed: Stakeholders Under the Merchandise Exports from India Scheme, introduced by the Foreign Trade Policy 2015-20, the Commerce Ministry gives benefits to several products as "duty credit scrips". But, the category of products in e-commerce exports, eligible for the benefits, are very few. Tablets' shipments to India decline 6% to 7.6 lakh units during January-March quarter Tablets supporting 4G and 3G technologies saw a sequential increase of 15% and 31% during the quarter, while 2G and Wi-Fi-based tablets declined 62%and 33%. Ministers' panel starts hearing case for bailing out debt-laden telecom firms The telecom sector is currently Rs 3.60 lakh crore in debt is facing a lot of turmoil including degrading of companies by ratings agencies. Analysts speak about the causes and how Reliance Jio added to their problems. HMD Global confirms Nokia 3, 6, 5 will launch in India on June 13 Nokia's Android smartphones are rumoured to become available at a starting price of Rs 9,990, and are expected to be available for pre-order starting June 13 an Apple is making old iPhones new again to win India While Apple's official website for India lists only the iPhone 6S and SE for entry-level buyers, other retailers show the iPhone 5, introduced in 2012.. Reliance Jio to launch 4G feature phone starting at Rs 1734 While India has improved on its LTE availability, there still lies a gap when it comes to the internet speeds. Apple may've just found the big idea to conquer iPhone-crazy but price-conscious India Apple iPhones are still mostly struggling in India against cheaper rivals with comparable specs, including Micromax, Xiaomi, Oppo and Gionee. Patanjali's success is rubbing off on entire ayurvedic consumer products segment FMCG segment added 2.8 mn households during the quarter. Ayurvedic brands had significantly higher addition of 23 million during the same period. Reckitt to Close $18 Billion Mead Johnson Takeover The U.K. consumer goods company looks to expand its footprint outside its core businesses and into developing markets in efforts to revamp its top line. Walt Disney's 'Cars 3' inks highest brand deals for animation in India Walt Disney’s India unit has signed 40 brand deals in the run-up to the release of its animation comedy ‘Cars 3’ on Friday Mondelez India's latest ad for Tang unveils its 'perfect taste' The ad is conceptualised by Bates CHI & Partners Miraj Group to open 100 FMCG retail outlets by 2019 Miraj Group is engaged in manufacturing of packed snacks under its brand 'Miraj' besides its other products such as Miraj Tea, Miraj Oil Soap under its FMCG segment. Danone India: Fortifying Business For Tomorrow Can baby food, nutrition and dairy segments alone help Danone double its India business?, , Magazine 24 June 2017, Danone India, fmcg, farmers Azim Premji, Mariwala back consumer brands focused venture capital firm Fireside The backing by the family offices, which till now have been primarily investing in technology-focused venture capital funds, indicates a broader appetite for early-stage companies. 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