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