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Wednesday, August 23, 2017

Aug 23, 2017 - Banks may face a big hit on insolvency provisioning norms

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Uber's drivers are officially independent business owners rather than traditional employees with set schedules. This allows Uber to minimize labor costs, but means it cannot compel drivers to show up at a specific place and time. And this lack of control can wreak havoc on a service whose goal is to seamlessly transport passengers whenever and wherever they want. Uber helps solve this fundamental problem by using psychological inducements and other techniques unearthed by social science to influence when, where and how long drivers work. It's a quest for a perfectly efficient system: a balance between rider demand and driver supply at the lowest cost to passengers and the company. Employing hundreds of social scientists and data scientists, Uber has experimented with video game techniques, graphics and noncash rewards of little value that can prod drivers into working longer and harder - and sometimes at hours and locations that are less lucrative for them. More here.

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Banks may face a big hit on insolvency provisioning norms

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Record forex reserves become costly cash pile for Reserve Bank of India

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Swelling forex reserves could soon cost RBI in ways very few foresaw

The pressing need to absorb both dollar and rupee liquidity is already stretching the Reserve Bank of Indias range of tools and complicating policy.

Share buybacks: Savvy traders are gaming Sebi’s quota for small shareholders

Savvy traders have been cashing in annualized returns of around 30% post tax, and that too by taking fairly low risks, thanks largely to Sebi’s misguided policy on share buyback offers

Were foreign investors hedging Infosys’s leadership risk already?

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For startups, Reliance Jio effect, GST turn game changers; know where the booster shots hit home

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Not time yet to applaud Tiger Global's partial exit from Flipkart

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Druva raises $80 million from investors led by Riverwood Capital

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Rekha Jhunjhunwala buys Fortis Healthcare shares worth Rs60 crore

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PM Modi asks entrepreneurs to help India cut imports, become less-cash economy

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Cairn Energy adds another $249 million to compensation claim from India

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Buying online? Highly-reviewed doesn't always mean highly-rated, say researchers

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Shoppers Stop eyes 25% more profits in FY18

The company is expecting sales to grow in the forthcoming festival season

Shoppers Stop will sell food, books online by the next fiscal

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Walmart Boosts Online Grocery Delivery to Compete With Amazon

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Coolpad to expand into offline retail in India, plans new launches at Diwali

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With Laban we're eyeing big confectionery pie: Sanjay Sharma

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Bombay Shaving Gets Rs 14 crore funding

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Nestle India: LIC buys more stake in FMCG major Nestle India

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Amazon approaches consumer commission, claims to be not responsible for faulty products it sold

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Coca-Cola, PespiCo and others agree to cap sugar in drinks in Singapore

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FMCG dealers seek to recover GST cost from companies

“There is a minor working capital cash shock for the dealers in the month,” said a source, adding that industry is still grappling with the fine print of this major tax reform.

How succession algorithm in India's family-owned businesses are changing

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Tata Global Beverages to revamp associate plantation ops

If TGB is able to sustain the growth momentum, a re-rating may be in store for the stock.

Hong Kong clocks 40% increase in trade with India in H1 of 2017

Calling India one of Hong Kong's biggest trading partners, Assistant Executive Director of trade promotion body Hong Kong Trade Development Council (HKTDC) Sophia Chong said there is a big potential for Indian market to further grow in the former British colony, which is now a Special Administrative Region of China.

Entire investment in Indian startups scene is less than half of Flipkart's total funding alone

Flipkart is India’s most well-funded startup in the Indian tech space. It is currently valued at $11.6 billion.

Women sellers have contributed 20% of Flipkart's overall sales in 2016-17

These women sellers on the platform primarily sell lifestyle products including apparels and accessories followed by consumer electronics.

Tata CLiQ launches photography store 'Shutterbug Lounge'

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