Dec 22, 2016 - Nusli Wadia removed as Tata Steel director

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Sree Vijaykumar From the Editor's Desk We all need better habits 1. Every habit has an activation energy that is required to get started. The smaller the habit, the less energy you need to start. 2. Catalysts lower the activation energy required to start a new habit. Optimizing your environment is the best way to do this in the real world. In the right environment, every habit is easier. 3. Even simple habits often have intermediate steps. Eliminate the intermediate steps with the highest activation energy and your habits will be easier to accomplish. More in this piece about the chemistry of building better habits. 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). Nusli Wadia removed as Tata Steel director Nusli Wadia was removed as Tata Steel director after 9 out of 10 shareholders who voted favoured the resolution 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 In reality, some realty companies could ride out the turmoil The implementation of the Real Estate Regulation Act (RERA), which will come into effect sometime in mid-2017, can dent the profitability of realty firms. Demand for housing and personal loans dips post note ban “This is mainly because these sectors see spending mostly in cash which people are being forced to postpone because of the currency crunch," said Naveen Kukreja of Paisabazaar.com. Investors flock to equity-linked savings schemes in search of better returns These schemes delivered 17% and 16% over a 5and 10-year period respectively , which is higher than fixed income investments in the tax saving category. Cyrus Mistry sought to define roles of Tata entities in governance document As per Cyrus Mistry’s governance document, Tata Trusts had the ‘right to visibility’ of Tata Sons strategy but should go by judgement of their appointees on the board Hiring and firing in turbulent times Executives in each country, following recent elections and referendums are facing political, social, and economic uncertainties we would never have imagined just a year ago Who will drive digital transformation in future? The chief digital officer’s role assumes greater significance as firms look to intensify their digital push Why CEOs should commit to many small battles instead of a single big one Ultimately, micro battles restore your company’s ability to learn and then actually get stuff done India's biotech capital spreads its wings Considering the state of the industry, and the presence of so many academic institutions in Bengaluru, seasoned entrepreneurs think that the city needs twice or thrice as much incubation space, not to speak of space for companies to expand after incubation. Venture capital money will be welcomed as well. PSUs, private firms can now swap coal allocations Initially, fuel swapping will be allowed among power companies and later extended to other industries too Ashoka Buildcon to provide exit to Macquarie-SBI funds Ashoka Buildcon MD Satish Parakh says the Macquarie-SBI private equity funds plan to sell their 34% stake in the firm’s BOT road assets within a year To become a cashless economy, India must reach out to those at the bottom of the digital divide By Kris Gopalakrishnan & N Dayasindhu Harvard University’s Kennedy School published a working paper by Peter Sands in February 2016, ‘Making it Harder for the Bad Guys: The Case for Eliminating High Denomination Notes’ (goo.gl/Vqr9Ev).... PSBs set to limit electronic fund transfer charge “This is to further promote digital and card payments,” the finance ministry said in a statement, adding that these directions will apply for all transactions up to March 31. Who owns blockchain? Goldman, Bank of America amass patents for coming wars Some of the biggest names in business, from Goldman Sachs to Bank of America , have quietly patented some of the most promising blockchain technologies Will new accounting norms hurt bank earnings? Banks including private sector ones like ICICI, HDFC and Axis are actively working on this as they have submitted estimates for such losses to Reserve Bank of India. Wallet space is already taken, no room for new players: Alok Goel Goel says that for the payment companies to be successful they should time their entry into a new market Bank officers hold demonstration at RBI offices across India Besides Delhi, demonstrations were held at various offices of RBI, including its head offices in Kolkata, Chennai, Bengaluru and Jaipur. Discount app BlueBook raises funds in seed round Discount and deals app BlueBook to use funds to consolidate the merchant and user base, apart from investing on the product and technology RBI slaps fine on 5 foreign banks for violating FEMA rules Germany's Deutsche Bank has been imposed fine of Rs 20,000, while Bank of America, Bank of Tokyo Mitsubishi, The Royal Bank of Scotland and Standard Chartered Bank have been fined Rs 10,000 each. TDK agrees to buy InvenSense for about $1.3 billion in cash Tokyo-based TDK says it’s funding the InvenSense deal from existing cash holdings Global PE firm Advent acquires minority stake in ASK Group Advent International has pipped other buyout funds such as KKR, Apax and Blackstone to enter exclusivity, said the third person with direct knowledge of the deal. RBI withdraws Rs 5000 deposit limit for KYC-compliant accounts Banks were directed by the RBI to asks questions to customers depositing over Rs 5,000 as to why they had failed to deposit the old notes earlier. Amazon and online shopping are creating a huge problem for FedEx Online shopping means that are simply too many packages for FedEx to handle. Chennai Angels invests in agri-business startup E-Vegetailing Chennai-based E-Vegetailing Pvt Ltd, which sells fresh vegetables procured directly from farmers, has raised Rs 1.1 crore ($162,000) from The Chennai Angels. Gowri Shankar Subramanian, CEO and co-founder of Aspire Systems, led the round on behalf of the angel network, it said in a press statement. E-Vegetailing will use the capital to expand its farmer network, increase procurement points and enhance its logistics operations. Tata Group's ecommerce arm Tata CLiQ enters luxury retail segment Tata Group’s ecommerce store Tata CLiQ will now start selling luxury products on a standalone site from a range of luxury brands MobiKwik ties up with Amul for digital payments across outlets in India MobiKwik has tied up with Amul for cashless payments at Amul’s 7000 outlets and 3 lakh multi brand outlets and retailers across India. Toonz Retail sets to start 10 new stores, considering 5 cr investments Toonz is also launching new collection of its home brand Wowmom, Superyoung and Superyoung Celebration. Building retail businesses for tomorrow, today: A PwC Report PwC’s annual global total retail survey 2016 has tracked consumer behavior across retail channels, bringing to light the changes brought about by multichannel retailing. From choosing between channe Reliance Communications to sell tower unit for Rs 11000 crore The transaction is subject to applicable approvals, including shareholder and regulatory approvals and lenders’ consents. Orascom Telecom sells MENA Submarine Cable Systems to Bharti Airtel OTMT - The deal is part of Orascom’s exit strategy from non-core investments BSNL DataMail: Here's How to Get Free Email IDs in 8 Indian Languages Huawei could launch Honor 6X in India on Friday Huawei's online only subsidiary Honor will be launching a new phone in India on December 23 as it has sent out invites to the media for the same. The invite 5 Things You Need to Understand About Mobile Payments Mobile payment terminals have become more popular, especially among business owners and retail store owners post demonetization. The value of mobile banking Top 5 Moto Phones Under Rs 16000 in 2016 Lenovo-owned Moto launched the Moto M on December 13 a starting price of Rs 15,999. JioFi 2 4G, Lyf smartphones now selling on Jio store The website Jio.com is for now offering 3 of Reliance Lyf smartphones for sale. Paytm outage, internet shutdown give India a reality check on its cashless dreams Time for a reality check. Vodafone 4G now available in Maharashtra Vodafone 4G launch in Nagpur, takes its presence in India to 12 circles. Best phones to buy in December The OnePlus 3T enters the list of best phones to buy in India right now. And so does the Xolo Era 1X. But at the same time we also continue to give nod to some of our past favourites, including the Motorola Moto G4 Plus, Xiaomi Mi 5 and the iPhone 7 Plus. Handset makers propose lower duties on mobile components made in India The industry has asked the government to bring components that go into manufacturing of a smartphone under differential duty regime. Airtel's new Infinity postpaid plans with unlimited calling start at Rs 549 Airtel has revised its myPlan Infinity offers that now start at Rs 549, giving unlimited free local and national calling to users Service, price will decide market share in telecom business: Vodafone India Pricing alone cannot be the deciding factor in telecom market as a right mix of quality of service and rates has to be struck, said Navin Chopra, Voda.. India's giant Tata group fights for an empire and an image The Tata Group, an Indian powerhouse conglomerate that makes Land Rovers, operates historic hotels and sells the world Tetley tea, finds itself defending against serious allegations of wrongdoing. Shopkeepers refrain from using mobile wallets VISAKHAPATNAM: Even as the state government is focussing on promoting cashless transactions, several shopkeepers who had resorted to the use of mobile wallets soon after the demonetisation drive was launched are now refraining from accepting payments in the cashless mode. Confused between OnePlus 3 and OnePlus 3T? Read this There are fairly good reasons not to buy the OnePlus 3T, even when it is a phenomenal phone for Rs 29,999. TRAI's recommendation of Free Data aggregators creates a carriage fee model for the Internet The Indian telecom regulator TRAI appears to have given the go-ahead to apps like Gigato, which allows its partner websites to refund users for data consumed on their apps, by giving mobile recharge credit. The recommendations (which means it is up to the Department of Telecom to accept, modify or r BigBasket to expand private labels, products in next three months BigBasket to start selling a private brand for wet wipes, disposable bags and buckets among other items Unilever goes 'Made in the UAE' with factory in Dubai The company’s factory at Dubai Industrial Park will export about 80 per cent of the items produced at the facility to 80 countries in the Middle East, North Africa and Europe. QNet: FDSA too rejects Vihaan's membership application Moneylife is an online resource for news and opinions on personal finance, banking, finance and industry sectors from India. Godrej Consumer chief sees revival of FMCG sector in 2017 On demonetisation Vivek Gambhir, MD, Godrej Consumer Products Limited, had said that the India business is impacted by liquidity crunch more than demand crunch. Now, he is of the opinion that there will be pickup in demand in December and the company will grow in double digits... Another independent director Darius Pandole quits Tata Global Beverages board Tuesday, Max India Chairman Analjit Singh had quit as an independent director from the board. 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