Mar 10, 2016 - Narendra Modi seeks political consenus for GST law

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Sree Vijaykumar From the Editor's Desk So, when you blamed your manager for not appreciating your 'out of the box' idea, turns out you might have been right. According to research by Justin Berg of Stanford, the best judges of creative ideas are neither managers nor the idea creators themselves, but peers of the creator who have spent time creating their own ideas, but not the idea in question. Instead of allowing only managers to evaluate and select ideas, companies should ask creators to weigh in on the idea, maybe by letting them vote on their peers' ideas. Also, managers with creator duties would be best suited when it comes to creative forecasting and staying open-minded to new ideas - Comment Narendra Modi seeks political consenus for GST law Prime minister tells members of the upper house that the next round of economic reforms is awaiting their consent JM Baxi Group in talks with PE funds to raise $150-200 million Group plans to invest funds in its asset-heavy businesses such as port terminals and container handling facilities EPF tax may return in new packaging Government looks for ways to mitigate backlash, may apply levy on people earning above a certain base Sebi drops insider trading charges against RIL unit Charges were dropped, as the probe failed to establish that RPL had access to inside information, the Sebi order said Reforms in India will be slow, tedious: Morgan Stanley Investors have more reasons to increase equity appetite A healthy financial sector is vital as the economy has to fire on all cylinders when credit begins to take off Tech to help co-op banks stay ahead This automation project will enable the banks to leverage the power of Private Cloud infrastructure. Paragon Partners raises $50 mn, closes $200 mn growth fund It will focus on five core sectors, including consumer discretionary, financial services, infrastructure services, industrials and healthcare services JustRide raises $400,000 from a group of angel investors JustRide is in advanced talks with an Indian FMCG company to raise $2 million in Series A round No end in sight for Jaypee Group’s debt woes Delay in servicing of debt obligations likely to go on as deal to sell cement assets could take a year to close Foreign private equity investment in India real estate rose 33% in 2015: Cushman Wakefield According to the report, owing to high property prices and high investment potential, Mumbai accounted for about 35% of the total foreign investments. Private equity firm Paragon Partners raises Rs 336 crore for growth fund Private equity firm Paragon Partners raises Rs 336 crore for growth fund - The fund will focus on five core sectors, including consumer discretionary, financial services, infrastructure services, among others. RCom shareholders approve SSTL merger The deal between RCom and SSTL is valued at around USD 690 million (Rs 4,500 crore) and is expected to close in the second quarter of 2016. SSTL will hold about 10 per cent stake in RCom and pay off its existing debt before closing the deal. India’s most indebted companies stay afloat with empty promises The promise of deleveraging via asset sales is keeping the country’s 17 most indebted companies — India’s ‘House of Debt,’ as Credit Suisse calls them — from crumbling Companies rush to declare interim dividends to beat budget changes Board meetings have been announced by 250 companies since 29 February and the agenda is to consider payment of an interim dividend Sebi notifies operational norms for cross-currency derivatives Sebi details guidelines that would enable exchanges to launch cross-currency futures contracts involving the euro, yen and the pound sterling App that helps 'kirana' shops earn more revenue The fast disappearing neighbourhood ‘Kirana’ stores, an integral part of the Indian middle-class lives, is back in the reckoning competing with supermarket majors, thanks to a city start-up. The citiz Ecommerce firms invite physical stores to sell big brands on their sites Ecommerce companies are in advanced discussions with Croma, Reliance Digital, PlanetM Retail, Vijay Sales and others. Maggi samples found 'sub-standard' in UP, Nestle disagrees District authorities of Barabanki in UP have found fresh samples of instant noodles Maggi "sub-standard", a claim rejected by its manufacturer Nestle India. The Rise of Online Shopping For Luxury Brands in India An ASSOCHAM study proposes that the online luxury stores will see an influx of 35 billion dollars in 2016 and by 2020 Polish make-up brand Inglot eyes 100 stores in India by 2020 The brand plans to open around two stores every month to achieve the target Mobile Marketing Matters More Now Than Ever in India Next year will mark a major milestone for ad spending, as total digital surpasses TV for the first time, eMarketer predicts. In 2017, TV ad spending will total $72.01 billion, or 35.8% of total media ad spending in the US. Meanwhile, total digital ad spending in 2017 will equal $77.37 billion, or 38.4% of total ad spending. Bharti Airtel announces enhanced maternity benefits for women employees Bharti Airtel, Indias largest telecommunications services provider announced on Wednesday that it is increasing maternity leave for its women employees from 12 weeks to 22 weeks. TRAI extends date for call drop compensation report: Source Mobile phone companies had on March 3 moved the Supreme Court challenging the Delhi High Court ruling that had upheld TRAIs call drop compensation regulation States not able to implement their commitments: Telecom secretary J S Deepak said that the complaints of call drops were like people refusing to allow water tanks on their roof-tops and at the same time demanding 24x7 water supply. Samsung to launch phone upgrade programme in South Korea amid low pre-order sales The new programme will let buyers upgrade to a new Galaxy S or Galaxy Note smartphone each year. We are preparing our partners for massive digital disruption Idea Cellular launches 4G LTE services in Northeast India Idea Cellular launches 4G LTE service in North East - P Lakshminarayana, Chief Operating Officer-Corporate, Idea Cellular, said since the last week of December 2015, Idea has rapidly rolled out its high speed 4 G LTE network to cover nine major markets in India. India's 'mobile data traffic grew by 50 percent in 2015,' says Nokia With more and more people now using high-end devices, the average 3G data consumption per user in the country has soared to 753MB, even as the booming 4G handset market is expected to further boost data traffic in 2016, says a Nokia MBiT study. Huawei Honor 5X review: Good but competitors are better The Honor 5X is an all-metal phone that rocks a FullHD screen, a capable Snapdragon 616 processor with 2 gigs of RAM, expandable memory, fingerprint scanner and a 3,000mAh battery. All this costs just Rs 12,999! Online classified company Quikr launches Quikr Doorstep to revolutionise consumer-to-consumer buying and selling in India Online classifieds firm, Quikr has announced the launch of Quikr Doorstep which will revolutionize consumer-to-consumer buying and selling in India IndiaMART raises Series C funding led by Amadeus Capital, plans to scale Tolexo.com and launch its advertisement platform Online marketplace giant IndiaMART announced today that it has raised fresh funds. Amadeus Capital led the current round with participation from Westbridge Kaushik Anand may captain Google startup investments here; Kaushik Anand expects to move to India soon and push Google Capitals late-stage bets in the country Kaushik Anand, is expected to move to India soon and push Google Capitals late-stage bets in the country, the people mentioned above said. Facebook Lite touches 100 million monthly active users globally; aims to cater to users who wanted to keep data consumption and usage to a bare minimum With Lite, Facebook aimed to cater to users who wanted to keep data consumption and usage to a bare minimum. PE firms Blackstone, Apollo in race for a billion dollar buyout of Mphasis Private equity buyout firms Blackstone and Apollo Global Management have emerged as strong contenders to acquire IT services company Mphasis. Facebook Lite touches 100 million monthly active users globally With Lite, Facebook aimed to cater to users who wanted to keep data consumption and usage to a bare minimum. 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