Aug 18, 2017 - Could NSEL scam have been nipped in the bud? Probably, yes

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Sree Vijaykumar From the Editor's Desk Attrition is a standard phenomenon observed in companies large and small. However, large companies typically have processes to deal with it, while SMEs may not have the resources to continue to function smoothly when a key employee leaves. It is important for SME management to understand the reasons why employees typically leave and to devise strategies to keep their best employees. And it's not all about the pay package! For more on this story, subscribe to the SME print edition. Introducing TradeBriefs SME - Print edition - Subscribe Now! | Sample copy Advertisers of the day Standard Chartered Bank (Personal Loans): Your dream holiday is now closer than ever On behalf of SAP India: Identify the perfect SAP solution for your business in 3 easy steps 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). Could NSEL scam have been nipped in the bud? Probably, yes The aggrieved investors have had to invoke the writ jurisdiction of different high courts. 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. CLSA expects Infosys' buyback price at 10-20% premium Infosys' shares had closed at Rs 979.35 on the NSE on Wednesday. Infosys CEO Vishal Sikka resigns, Pravin Rao interim chief Infosys CEO Vishal Sikka resigned on Friday and Pravin Rao has been appointed as the interim CEO, the company said in a notice to stock exchanges BSE, NSE to suspend trading in United Breweries, others from 8 September Leading bourses BSE, NSE will suspend trading in the shares of United Breweries from 8 Sept while the entire promoter shareholding has been frozen with immediate effect Third-party ATM use up as banks install few machines Before demonetisation, an average 40% of customers used other banks' ATMs for cash withdrawal.Now, the number has shot up to almost 55%. US-based startup accelerator Techstars enters into a JV with ANSR for India opearations US-based startup accelerator Techstars, which counts remote computing platform DigitalOcean and other startup successes among graduates, has launched operations in India. NBCC investors wait for revenue growth with indomitable faith NBCC’s Q1 results show that the wait for revenue growth has been rather long and the trajectory is uncertain Cognizant and Apax eye $600m LiquidHub deal India's oldest private equity investor ChrysCapital holds around 48% stake in the company which counts Standard Chartered and Bear Stearns as customers. 70 years of banking: When will the financial repression end? Financial repression still continues in India despite expansion of the branch network and use of modern technology What are key drivers of economic growth in India: what you really must know about the major tools at work Last month, the Center for International Development at Harvard University made news with its prediction that India will be an important future growth pole for the world economy. SBI planning IPOs of two regional rural banks in the next one year SBI is planning IPOs regional rural banks (RRBs) Andhra Pradesh Grameena Vikas Bank and Saurashtra Gramin Bank to create value and increase efficiency Techstars wants to play a meaningful role in India's start-up ecosystem: co-founders As Techstars launches its Indian operations, co-founders David Cohen and David Brown talk about the kind of start-ups it wants to back Should blockchains replace CEOs? Blockchain’s Digitally Autonomous Organization is perhaps the future of organizational structure, which can bring about digital democratization of business Complex truths about colonial India's economy Economist Angus Maddison dwells on India at great length and his analysis reaffirms certain popular notions of the colonial impact on the Indian economy Govt extends deadline for filing GST returns for some businesses Businesses claiming transitional input tax credit now have time till 28 August to file their GST returns on Goods and Services Tax Network (GSTN) No more lobbying in public sector bank appointments The central government has introduced "far reaching changes" in the appointments of top officials to solve many problems faced by nationalised banks. Round tripping of funds: Sebi slaps Rs18 crore fine on 22 entities Sebi imposes fine of Rs17.55 crore on 22 entities for round tripping of funds through fictitious transactions and siphoning off proceeds from the initial share sale of Brooks Laboratories Japanese fashion brand Uniqlo may delay India entry The brand was planning to open stores in India in 2018 How Xiaomi is strengthening its offline presence in India For reaching out to customers in the offline market, Xiaomi has adopted a three pronged strategy, which includes large format retailers, preferred partners and Mi Home. India is now the hottest destination in the retail space Overtakes China in H1; global brands, hypermarkets expand presence: CBRE Survey finds a 'Prime' reason why users prefer buying on Amazon The survey, done among 2,000 Indian consumers done between February and March this year, showed 80% shopped with Amazon, while nearly 65% of these shoppers shopped on Flipkart. India may force foreign handset makers to set up servers here to ensure data protection The govt has already asked 21 companies, most of them Chinese, for protocols used by them by Aug 28 to ensure the security of mobile phones sold in India. Taking aim at China, India tightens power grid, telecom rules India is tightening rules for businesses entering the power grid and telecom sector, a move that industry officials say aims to check China’s advance into sensitive sectors Nokia not concerned about Vodafone-Idea merger impact, looks beyond telcos for growth: India head, Sanjay Malik The Finnish telecom gear maker’s country head Sanjay Malik said he expects the Vodafone India-Idea Cellular merger to hurt a bit as the two telcos w.. India's 'ailing' telecom sector will generate 30 lakh jobs by 2018: report Deeper penetration of smartphones, arrival of latest technologies like 4G and 5G to help create more jobs. IMG on telecom stress likely to meet on Friday Officials familiar said the group is debating easing of spectrum cap within a particular band Reliance JioPhone competitors: Feature phones with 4G connectivity The JioPhone-a smart feature phone with 4G VoLTE support comes with a 2.4-inch QVGA display. The beta testing of the 4G feature phone began from August 15 while pre-bookings will begin from August 24. Tata Global Beverages' mineral water brand Himalayan enters US market FMCG sector has been a lucrative industry since earlier days and it has hardly seen a drop in its growth chart so far. With the addition of new products with a wide variety and long sustainable shelf life, the sector has retained its position as the highest performer among the sectors. The U.S. market has ... GST triggers consolidation in warehousing industry A wave of consolidation is sweeping over the Rs 50,000-crore warehousing industry, thanks to the goods and services tax (GST). Tata Global Beverages to introduce ready-to-drink green tea RTD tea market in India is pegged at Rs 140 cr, with a 9-10% annual growth rate. Misleading to call soya, almond beverages 'milk', says Parag Foods “Only milk obtained from milch animals can be called milk. Soya/badam drinks can only be called as substitute of milk or alternative to milk, but they cannot be termed as milk” Emami targets Rs 1000 crore edible oil business in Bihar Bihar stands at over 7000 tons per month in a time span of less than three years' time in terms of sales volume, Desai said. Wheat eases on reduced offtake by flour mills Wheat eases on reduced offtake by flour mills Food Adulteration: The Muck in Milk SC directed the government to amend the FSSA and IPC to award life imprisonment for milk adulterators still studies have found coliform bacteria in it No country for uniform gain in dairy products post GST Ghee, which is a major product sold during festivities, had attracted a 5% value-added tax (VAT) earlier in the North as against a 14.5% VAT charged in the South. Indian FMCG conglomerate ITC Limited plans launch of (frozen) potato products As Indian FMCG powerhouse ITC rolls out frozen prawns in select cities in the country, the company has lined up a few more product offerings - including frozen (?) processed potatoes. How Smaller Fashion Ecommerce Players are Waging a Tough Battle in India Ad Age is the leading global source of news, intelligence and conversation for marketing and media communities -- get all the breaking news, right now. 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