Mar 2, 2016 - Rupee posts biggest single-day gain in 6 months

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Sree Vijaykumar From the Editor's Desk Why do some teams perform better than others? This is a question that all of us have been bothered with at some point. Google decided this was important enough a topic to commission an in-depth study on. Pulitzer-winner Charles Duhigg (also the author of the fabulous 'The Power of Habbit') digs deeper in this extract from his new book. The study concluded that what mattered the most was not the individual skill levels of the team members, or the personality types or backgrounds; what mattered most was how 'psychologically secure' the team members felt. If team members felt respected and not judged, the entire team performed better. It didn't matter if members were extroverts or introverts or if the discussions were formal or informal. Equality of 'conversation turn-taking' mattered, which again was a reflection of how secure each team member felt in the group. Now that's some food for thought - Comment Rupee posts biggest single-day gain in 6 months The rupee strengthened against the dollar as a big jump in domestic share indices stoked hopes that foreign investors will return to Indian equity and bond markets We are pro-poor and pro-market, says Jayant Sinha MoS finance says this strategy has led to a ‘happy outcome’ of the govt spending on productive sectors and off-budgetary resources financing profitable investments IDBI keen to tie up with NSDL for payments bank NSDL is one of the applicants who has received in-principle approval from RBI to set up a payment bank last year. JP-UltraTech Cement deal: Stressed lenders to receive about Rs 4,000 crore According to sources Indian banks will receive about Rs 4,000 crore from the sale of Jaiprakash Associates cement units to UltraTech Cement. Why India needs a female boardroom revolution BSE 100 companies with women on their boards experienced double the level of return on working capital Canada Pension Plan buys stake in Kotak Mahindra Bank Sumitomo Mitsui Banking sells a large part of its Kotak Mahindra stake to Canada Pension Plan Investment Board Infrastructure sector gets a tax relief despite losing major sops The benefit, called investment-linked deduction, helps companies defer tax payments to future years SKS Microfinance raises Rs216 crore through securitization deal The company has raised `1,567 crore through this route this year Why Morgan Stanley’s action on Flipkart is bad news for Indian unicorns The valuation estimates of mutual funds will be a key indicator of how stock market investors will value the company CDC and GIC, too, keen on stake in IDBI Bank: Kishore Kharat Kishore Kharat said that IDBI Bank has received interest from UKs CDC and Singapores GIC to acquire a stake in the bank. Govt may mitigate tax on EPF after sharp reaction Only interest earned on 60% of contributions to the employees’ provident fund after 1 April may be taxed Blackstone, TPG, Temasek plan to acquire KIMS hospital chain Ascent Capital and OrbiMed Advisors will sell their combined 40% stake, while the promoters will dilute an additional 15-20% for a deal worth $300 million RBI eases tier-1 capital regulations for banks The central bank’s move will help shore up the capital of public sector banks by up to Rs35,000 crore Titan eye wear plans foraying into frame-making business To invest ₹10 cr in setting up two Satellite Lens Processing Units Retail sector to be boosted by jump in skilled employees For the sector, while there may not be any 'big bang' reforms, the budget does propose measures to ensure a long term steady growth. Ola Store to Shut Down in Less Than a Month: Source Ola is likely to shut down its grocery delivery service in a month, sources told Gadgets 360, citing lack of synergy with its overall business. Govt expects Rs 55k cr from telecom spectrum bid The government has budgeted Rs 55,000 crore for telecom spectrum auction in 2016-17, while the total revenue from communication services has been pegged at Rs 98,995 crore.About Rs 22,000 crore would come from license and spectrum fees levied by the Young Americans can't live without their mobile phones Most Americans under the age of 50 love their mobile phones, and say they can't live without it, according to a recent Harris Poll survey.The survey, charted Military tanks and mobile phone crisis in 2.0 Shankar is someone who is known for his lavish, huge sets and props. 5.4 crore mobile phone units manufactured in India during 2014-15: Telecom minister Ravi Shankar Prasad The government has received proposals worth Rs 1,20,294 crore for electronics manufacturing in India till date, communications minister Ravi Shankar Prasad said here on Tuesday. India's Tata 'committed to Neotel' Budget 2016: Finance minister to introduce Aadhaar Bill in budget session In what could be a significant move for the UIDAI project, finance minister Arun Jaitley said that the government will enact a law where Aadhaar will be given statutory backing. "First, we will introduce a bill for Targeted Delivery of Financial and Other Subsidies, Benefits and Services Govt walks the big talk on Make in India The government has given a big push to the Make in India campaign, the centrepiece of its plan to create jobs through domestic manufacturing, with a r.. Kerala's mPhone brand promoters arrested on day of launch Kerala's big Mango Phone, or mPhone, got peeled on the day of its launch with promoters getting arrested for allegedly duping the Bank of Baroda. Budget 2016: Mobile phone, tablet prices may rise 5% post duty rejig Focussed on incentivising domestic value addition to help Make in India, Finance Minister Arun Jaitley today said suitable changes are proposed to be made in customs and excise duty rates on certain inputs, raw materials, intermediaries and components and certain other goods... Best-bekaar: Cadbury, Maaza leave a mark; Gionee, Myntra fail to impress While ads that appeal to the kid in us win over the panel, ads reaching out to millennials get no answer. BigBasket set to launch its marketplace business, to deliver orders placed with hyperlocal speciality stores in less than an hour The marketplace will offer popular neighbourhood delights from bakeries, flower shops, meat speciality stores and pet outlets in less than an hour. Flipkart founders put India third on global list of billionaires; only Indians in Hurun's Forty and Under Self-Made Billionaires list for 2016 Flipkart co-founders, Sachin Bansal and Binny Bansal, were the only Indians in Hurun's Forty and Under Self-Made Billionaires list for 2016. Zee Media Acquires Majority Stake in India Today's Retail Ventures; All Set To Launch Shopping Channel Zee Media is acquiring 80% stake in India Today's 2 firms, which are into retail and ecommerce. Find out the reason why Zee took this decision on Trak.in No Hassle, No Queues: How The Internet of Things Can Transform The Way You Shop Beacon technology is the disruptive technology that will bring about this 'Omni-channel customer experience'. It uses tiny battery-powered low energy Bluetooth devices that are installed across all sections of a store and even outside in the general shopping area. These devices communicate with each other and with apps on passing mobile devices. This communication leads to a richer in-store experience by informing passing shoppers about offers and sales personalised to their preferences. Wipro follows the footsteps of Infosys, TCS : Ditches 'bell curve' appraisal and gives way to more frequent feedback under new system The trigger for this exercise was clear. Employees, mid-level executives and top managers needed to be more accountable for the companys performance. Indian startup ecosystem is welcoming back technology talent to home ground Entrepreneurs and technology workers with roots in India are returning home in increasing numbers, lured by a flood of venture-capital funding and lower costs than in many other markets. Indian startups attracted 26% more funding in February 2016 than the previous month In the second month of 2016, 120 startups attracted capital from PE/VC firms and angel investors. A total of $620 million worth of funding was announced in HR software maker Workday's revenue forecast misses estimates and pushes industry-wide worry of weak demand Workday forecast revenue of $337-339 million for the first quarter ending April, while analysts on average were expecting revenue of $343.1 million. Cognizant still bullish on BFSI for the long-run inspite of tough year The company, which competes with Indian IT firms like Tata Consultancy Services and Infosys, said it expects this year to be a "little tough". How Airbus is fuelling the startup boom in India? Airbus, the leading aircraft manufacturing player in the world is now fuelling the start-ups boom in India with its business accelerator programme. Airbus Technology can amplify changes, says Infosys CEO Vishal Sikka How edtech startup Authess is taking educational assessment tools to India? Created out of MIT, edtech startup Authess plans to change the world of educational assessments through next level online education - and their global perspective plan means they’re heading to India first. Nandan Nilekani invests in robotics firm Systemantics The latest investment in Systemantics will mark at least the seventh venture that has been backed by Nilekani, who has actively invested in early-stage startups. BigBasket to launch its marketplace business to deliver orders from hyperlocal stores The marketplace will offer popular neighbourhood delights from bakeries, flower shops, meat speciality stores and pet outlets in less than an hour. AI startup Skedool.it raises seed funding from Kludein, redBus founder Phani Sama, and others Skedool.it uses natural language processing supervised by humans to enable customers to communicate with the service via email. Mobile wallet aggregator MoMark raises Rs 4 crore from YourNest Angel Fund MoMark facilitates loyalty and analytics-led engagement programs for small and medium-sized retailers while enabling merchant discovery for customers. 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

Mar 1, 2016 - PSB merger a step closer with government stake cut plan

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Sree Vijaykumar From the Editor's Desk In this detailed blog, Hubspot co-founder Brian Halligan talks about how his company broke away from the startup phase to the scale-up phase using the Mary-MOFU-Monetization playbook, which essentially focused on a single persona (Mary) as opposed to multiple customer personas, Middle Of The Funnel (MOFU) tools to move leads along and thinking along various pricing axes and incentivising sales personnel with retention in mind. An understanding of the core problem (retention), with corresponding measures to fix it helped Hubspot put in place processes that are producing dividends to this day - Comment PSB merger a step closer with government stake cut plan FM has set the ball rolling on consolidation of unwieldy and economically weak state-run banks even as he kept the door open for lowering stake in them below 50%. Budget neutral from foreign investor viewpoint: Aditya Narain Citi’s MD and India strategist says the government’s decision to stick to a fiscal deficit target of 3.5% for fiscal 2017 is a clear positive Govt ready to bring IDBI Bank stake to under 50%: Arun Jaitley As of September, govt directly owned 76.5% in IDBI Bank, and held an additional 13.88% through public sector entities such as LIC Hopscotch raises $13 million in a round led by Facebook co-founder Eduardo Saverin The company, founded in 2012 by Rahul Anand and Lisa Kennedy, is looking to use the funds for its growth, hiring and expansion in technology Government to undertake massive rollout of ATMs in post offices, says FM Arun Jaitley The govt today announced it will undertake a massive rollout of ATMs in post offices over the next three years as it looks to provide better access. Budget 2016 impact: India skimps on bank bailout, but stocks buoyed by hopes for more cash Government ministers and officials have previously said that they were open to bringing in a strategic investor in IDBI Bank as a test case. How these famous entrepreneurs carved their path of success They are successful entrepreneurs today, but there was a time in their lives when they counted every single penny Companies lured to take more on rolls Finance Minister Arun Jaitley has announced a series of measures that will directly and indirectly promote creation of quality jobs. Sumitomo Mitsui Banking Corp to sell stake in Kotak Mahindra Bank Sumitomo Mitsui is looking to sell almost half of its stake in Kotak Mahindra Bank for around $300 million A sensible fiscal strategy underlying Budget 2016 The main challenge for making Budget 2016 work will be on the numbers front Craftsvilla acquires food start-up PlaceofOrigin PlaceofOrigin was founded by two former bankers, Ashish Nichani and Sudarsan Metla, in 2014 Restrained Modi budget boosts odds Rajan will cut India rate With a few important state elections coming up this year and next, India's Prime Minister Narendra Modi-led government unveiled on Monday a budget that is pro-poor and that tries to tweak his image of being close to corporate India and working only for the interests of the wealthy. Tata Communications arm eyes deals with payments, small banks TCPSL, with its footprint in the country's interiors, hopes to cash in on this requirement and make its payments business more profitable. Disinvestment plan needs clarity: experts The government has missed its divestment target 16 times in the last 25 years, even missing its revised target of `30,000 crore in fiscal 2016 Why this is Bharat’s budget and India’s too If the budget pans out the way the govt wants it to, consumption and investment will get a fillip, without deviation from the commitment to work towards a fiscal deficit target Government to announce PSBs' consolidation plan; to infuse Rs 25,000 crore Government will unveil a roadmap for consolidation of public sector banks (PSBs) which are expected to get an infusion of Rs 25,000 crore next fiscal. Reliance Communications, Aircel rejig merger plan; each will hold 50% in new entity RCom and Aircel will each transfer Rs 14,000 crore of debt to their wireless company instead of Rs 10,000 crore each. Vinod Rai becomes first chairman of Banks Board Bureau The Banks Board Bureau will search for and appoint heads of state-run banks, and aid banks in capital-raising and developing business strategies Budget 2016: Retailers like Walmart, Tesco to gain as govt allows 100% FDI in multi-brand processed food retailing This far-reaching reform will benefit farmers, give impetus to domestic food processing industry and create vast employment opportunities, Walmart India said. Amazon Selling Its Own Clothes Actually Makes a Lot of Sense You already buy a lot of things on Amazon. Now the company is betting it can become a legit face of fashion. Souq, Amazon Of The Middle East, Raises $275M From Tiger And More At A $1B Valuation E-commerce giants with ambitions to build regional Amazon rivals in emerging markets continue to rake in huge amounts of funding. Today, comes the latest.. Target Poaches Supply Chain Guru From Amazon Target just poached a 16-year veteran of Amazon.com to head its supply chain and logistics. Indian villages ban single women from owning "distracting" mobile phones Several villages in the western Indian state of Gujarat have banned girls and single women from owning mobile phones, saying the devices distract them from their studies. Budget 2016: Here's the list of what's cheaper what's dearer (From PTI) Cars, locally made mobiles, branded garments, air travel, aerated drinks, cigarettes and smart watches are the among items that will be costlier while footwear, solar lamps and routers a… Budget 2016: Mixed bag for telecom industry: EY On one hand the industry would take a sigh of relief as this would render such transactions outside the purview of VAT however, on the other hand levy of Service tax would result in significant blockage of funds in credits. .. Satellite phone ban warning to visitors to India As per the guidelines issued by Government of India, foreigners on tourist visas are not allowed to carry satellite phones to India. Vodafone says to continue arbitration, but to "study" India resolution proposal Vodafone Group will be “continuing to seek resolution of this matter through international arbitration,” the UK telecom major said in a statement. Budget 2016: Technology initiatives to boost Digital India drive Finance Minister Arun Jaitley’s second Budget 2016-17 offers special incentives to Prime Minister Narendra Modi’s main projects including Make In India. Spectrum trading deal will become costly for telecoms since the Budget 2016 proposed 14 percent tax on spectrum trading deals. Government said the right to use the radio-frequency spectrum and its subsequent transfers will Intex set to enter Spanish market with 3G, 4G smartphones Intex plans to launch its new wearable FitRist in April this year and launch a host of 3G and 4G LTE smartphones in the middle of 2016.   Budget 2016: IT, telecom, mobile phone makers want Make in India boost from Narendra Modi govt IT and telecom hardware makers expect the PM Narendra Modi led NDA government to extend differential duty structure on mobile phones for 10 years while bringing personal computers under the regime to give a boost to domestic manufacturing in the Union Budget 2016 to be announced in Parliament on Monday by FM Arun Jaitley. Make in India is a pet initiative of PM Narendra Modi to encourage domestic and foreign companies to manufacture in India and various industries are hoping to piggyback on this concept for future gain - it was launched in September 2014. India's $4 Freedom 251 Smartphone Is Probably Too Good To Be True There’s mounting evidence it’s actually a scam. IAMAI welcomes proposal for Amendment of Companies Act to register startups in one day, step towards ease of doing business in India IAMAI said that that the proposal for Amendment of Companies Act to register startups in one day is a welcome move, and it is a step towards ease of doing business in India. US based Healthcare firm accused of giving contract to Wipro and trying to replace American jobs You have awarded Wipro Ltd, a large Indian outsourcing firm, with a contract to take over the jobs of these American workers, Software majors hail SEZ scheme extension, digital plans Software majors TCS and Wipro on Monday lauded Finance Minister Arun Jaitley for extending tax benefit to export units under the Special Economic Zone (SEZ) scheme till 2020 and the government's Digital India plans in his budget for 2016-17. Nasscom says that the Budget 2016 is a mixed bag for IT and start-ups On the Start-up India action plan the government unveiled in mid-January, it said caveats could be a dampener and more needed to be done to promote the nascent sector. Samsung to mass produce UFS 2.0 memory chips for high-end smartphones Xiaomi announced the Mi 5 at a media briefing at the Mobile World Congress in Barcelona as well as in Beijing. Post the event we had a chance to play around with the device and here are our first impressions. 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. 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