The Case for Healing ‘Sick’ PSUs

Recent developments may even lead to erstwhile giants like Air India and MTNL could even be shut down, as the Modi government identifies 65 Public Sector Enterprises deemed ‘sick’, i.e. undertakings that incurred losses that were more than 50 per cent of their net worth across four consecutive years....

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Union Budget 2015-16: What to Expect

Firstly, one is hoping for improved tax regimes with the promise of more cash in hand for taxpayers at the end of the year. Businesses too stand a lot to benefit from improved taxation policy, as many have often complained of India's tax environment as a hostile one.

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Tax Issues Haunt Flipkart And Others In Kerala

The companies that have been fined are Flipkart, Vector E-commerce Pvt Ltd (stakeholder in Myntra), Jabong, and Robemall Apparels Pvt. Ltd (operator of Zovi.com). As per the reports published in Malayala Manorama, the government has imposed the highest fine of rupees 47.15 crore on Flipkart. Vector E-commerce has been...

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Braigo Labs And Its 13-Year-Old Genius

Shubham had initially designed a Braille printer using the Lego robotics kit while participating in a school science fair project in 2014. With the help of an investment of $35,000 from his father, he developed an advanced version, Braigo 2.0, that translates electronic text into Braille before printing.

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Vistara: All Set For Take Off In India

When Air India first started its operations in India, nobody had thought that the route which once looked affordable to rich people alone would one day offer similar space to the middle-class people as well; seems like that the “one day” has finally come. These days you may have...

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S&P: India The Only Bright Spot In Asia Pacific

According to S&P, there are two reasons for this change in outlook. First, India now has a stronger political mandate that improves the government’s ability to implement reforms, spur growth and improve its performance. Secondly, India’s external account has improved; Narendra Modi’s visits to United States, Australia, its neighbours...

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Infosys Founders Sell Stock Worth 6500cr

This sale has resulted in sharp fall in the IT giant’s share price. Infosys shares dropped by 4.75 percent on Monday and ended the day at 1,972 rupees. The sale has further, triggered doubts over the reasons for the sale. Shareholders were but obviously precarious about the whole situation....

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Inception Of Entrepreneurship

We managed to design a shoddy product that I know didn’t exist and maybe could be a rage if it did. The marketing strategies were there in place and so was the pricing. The allotted time was nearing its end and with great reluctance we handed over our “piece...

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Retail Biz On A Rise

Retailing as an industry first emerged in US. After the Second World War and with the emergence of the suburbs in the US and Canada the concept of supermarkets and specialty Chains came into being. Indian retailing has come to light as one of the most profitable retail markets...

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The Wind Of Privatisation Took It All!

It caused pre-emption of the government revenues through subsidies and recapitalization and uncompetitive industries in the economy. Another reason was under public sector, nobody feared bankruptcy. The policy of “soft budget” made it possible for the mangers to be bailed out of public funds. The prime motto is ...

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Flipkart: Long Road To Redemption

Flipkart is (or was) arguably the most celebrated e-commerce website in the country. No wonder the home-grown portal raised $ 1 billion earlier this year. Customer satisfaction has been the pivot of Flipkart’s success. It was this keystone that was battered on the e-retailer’s big day. Customers were agitated...

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The Day Flopkart Officially Launched

The giant of e-commerce, Flipkart officially saw (maybe its first) downfall on its #BigBillionDay today. The e-commerce site declared that it would be launching the biggest ever online sale today beginning 8am in the morning. Fashion goods, electronics, gadgets, books etc were all under the bumper sale where the...

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The Ad World

The advertisement industry is now employing advertising psychologists who have specialized in understanding the perspective of the consumers. People are appointed to study the recent growth in demands, trends including other factors like inflation and even weather to make an assertion regarding endorsement of a product, while psychologists look...

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Virtual Market: A Consumer Delight

Online stores, like Flipkart, Amazon, EBay, Snapdeal, etc, are on a mercurial rise, and are gaining immense popularity among shoppers. With the range of advantages they offer, they are challenging the organised retails in the country. According to a survey by Associated Chambers of Commerce and Industry of India...

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Kingfisher’s Mumbai Office To Be Auctioned

The headquarters of the bankrupt Kingfisher Airlines (KFA), which is in Mumbai, will soon be auctioned as the airline failed to pay back the money to its lenders. SBICAP Trustee Company Limited, a subsidy of State Bank OF India (SBI) took over the head office on August 10 and...

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The Washington Post Sold

The founder of Amazon.com, Jeff Bozos stunned the world on August 5 by buying The Washington Post for 250 million dollars. He said that he will preserve it as his personal property before opening it up for the investors.

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On The Rise Of Crowdfunding

Early in 2012 Eric Migicovsky and his team at Pebble Technologies, a Silicon Valley hardware start-up, were riding a wave of success. Their success came from a successful crowdfunded project, Pebble Smartwatch. This project of theirs was, and still remains, one of the most successful crowdfunded projects. It received...

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Understanding Bitcoins

In the year 2009, a person with the pseudonym Satoshi Nakamoto created an online currency in the form of bitcoins. Bitcoin is a currency designed for purely electronic use. There are no physical coins or banknotes associated with bitcoins; they exist only as a series of ones and zeroes...

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Commercial Controversy

JWT India is facing a lot of criticism today because the creative team came up with three controversial ads for Ford Figo. A division within the agency uploaded the unapproved ads on a site called adsoftheworld.com. The photos not only portrayed women in a disrespectful way, but they also...

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SEBI Requests Subrata Roy’s Arrest

The news surrounding the Sahara Group and Shri Subrata Roy has been in the news for quite a long time. The latest news comes that SEBI (Securities Exchange Board of India) has moved to the Supreme Court for his arrest. The regulator and unlisted Sahara has been locked in...

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Reinventing Democracy With Dr. Kalam

As the moderator at the India Today Conclave 2013 also said, in this world full of cynicism and frustration, Former President, Dr. A. P. J. Abdul Kalam brings an aura of optimism into our minds. Yesterday, after being introduced by Aroon Purie, (the Editor-in-chief of the India Today Group),...

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Sting Op Exposes Banks Laundering Money

“Operation Red Spider” was the name Cobrapost gave to their sting operation, which ultimately ended up exposing money laundering practices in HDFC Bank, ICICI bank and Axis Bank. This expose truly questions the logic to give private banks licenses at a time of political pressure and also questions the...

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Voice Of The Youth: Budget 2013-2014

When you look at P. Chidambaram’s budget plan for the year 2013-2014, it has its positive and negative factors.For starters, Chidambaram wants to empower the youth by providing funds for education and skills that one needs to maintain a secure future. He also addresses the women and the youth-...

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Budget 2013-2014 Highlights

On 28 Feb., 2013, P. Chidambaram gave the nation its 82nd annual budget. Major issues were covered, including financial aid to the three large groups of the nation- the youth, the women, and the poor. But on the other hand, many found it to be anti-common-man and not without...

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Better Safe Than Sorry?

Many of us have been waiting for this since the beginning of this year right? And the curiosity increased as we approached 28th Feb. So here are the highlights of the day. Now that you are aware of the basic points I am going to talk about something that...

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Budget 2013: An Economic Reform?

With hardly a few days left for the finance minister to open the cat out of the bag and state his budget for the fiscal year 2013-14, people in all rungs of the social ladder will be expecting an economic reform to take place.

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World Economic Forum 2013

The picturesque town of Davos, Switzerland hosted the World Economic Forum (World’s biggest focus group), last month. In its 43rd year, the Swiss mountain resort of Davos invited nearly 40 Heads of the States, many of the world’s most influential bankers and top multinational corporation heads.

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Tata’s “Jewel”

He had retired a decade back in 2002, at age 65, when the company decided to make him a non executive chairman of the Tata Group, thereby rendering him eligible to continue for five more years. When that time elapsed, the retirement age was again extended for five more...

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Cyrus Mistry: The New Tata Titan

As Ratan Tata celebrated his 75th Birthday on the 28 December, it marked the end of his illustrious career, as a visionary and a philanthropic leader who built an unparalleled empire.The metamorphosis of Tata into the most trusted brand can be attributed to Ratan Tata’s perennial force. Right from...

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And Ratan Tata Retires

Its his 75th birthday today and also the last day as the chairman of Tata Industries. Ratan Tata has officially handed over his responsibilities to Cyrus Mistry, who had been serving as the deputy chairman of the industry.But what can’t be forgotten is that this company has been on...

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Social Entrepreneurship

The simple thought that there are people in this world, striving hard to make it a better place, makes me go “high” on intellect. New ideas, new technologies and new discoveries hit the scientific world constantly, and there are, among them, a few that impact our lives directly.

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The Kingfisher Saga Ends

Gone are the days when you would see Vijay Mallya posing with a bunch of his sexy air hostesses. Now he can’t even pay their salaries.This is not all; the financial crisis in Kingfisher Airlines has taken somebody’s life. Sushmita Chakravarti, wife of Kingfisher Airlines store manager Manas Chakravarti...

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Youth Marketing Summit 2012

Being a journalist, you get to cover almost all the important events happening in the city. And this is exactly what I have been experiencing ever since I started working.First, it was the Porter Prize and then the Youth Marketing Summit 2012.The summit was held at The Metropolitan Hotel...

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Porter Prize 2012: From the CEOs Desks

The porter prize awards came to India for the first time this year. This is the first time the prestigious porter prize awards have been organised beyond Japan, where it started back in 2001 in the honor of Harvard business school professor, Dr. Michael E. Porter.

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FDI: Hearing the Protestor’s View

After agriculture, India’s retail sector provides livelihood to maximum people. As per the National Sample Survey (NSS), during 2009-10, around 40 million people were working in the retail sector. Most of them were unorganized and self-employed small retailers, for whom it was not possible to easily seek job in...

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LIBOR Or ‘ Lie-More': The LIBOR Scam

LIBOR (London Interbank Offered Rate) is the rate at which banks in London lend each other. It is calculated by British Bankers' Association (BBA) daily. Individual banks submit the rates (for ten currencies and 15 lengths of loans, ranging from overnight to 12 months) at which they expect to...

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Pharmaceutical Industry In India

For a country that has followed Ayurveda and other traditional forms of medicinal treatment, probably since its inception,India is home to the third largest pharmaceutical industry in the world. This is surprising because most of the Indian villages still lack access to basic drugs and resort to traditional medicine....

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The Mecca of Coffee Comes to India

Buried under the pillow on a sleepy Monday morning, I woke up to a cup of hot coffee only to read the most delightful news for any caffeine lover in the country - "Starbucks to venture into the Indian coffee market". Orgasmic!! The news had all bean lovers across...

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Out of The Frying Pan and Into The Fire

The top U.S. magazine, “The Times” dubbed the Indian prime minister as “underachiever”, reluctant to take politically-tough, but economically-critical decisions. The slowing growth of India’s economy is fully known and criticized domestically as well as internationally. Standard & Poor has already warned India that the country could become the...

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Smiling Are We, Mr. Mallya?

“Govt. allows 49 pct FDI in local airlines” read the headline of a news story posted only a little while ago. Now for all you we-couldn’t-care-less-about-what’s-happening-in-the-world individuals, let me spell out what the confusing words in the above sentence mean.

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The Fabulous Story Behind Fabindia

"There are some brands that are mass, like Levi’s and Pepsi, and then there are some brands that are class. Fabindia is a rarity that is both."Without much advertising, Fabindia has become a leading lifestyle retail brand in India. There is hardly any professional in India, who...

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Apple vs. Samsung: The Great Debate

In April 2011, Apple filed a lawsuit against Samsung Electronics, a South Korean company and one of its biggest competitors, claiming that its new Galaxy line of smart phones and tablets infringed seven of the patents that covered Apple's iPhones, iPods, and iPads. Samsung, in its turn, countersued, contending...

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Har Friend Zaroori Hai Yaar…!

Airtel had an image makeover recently a couple of years ago, when it changed its symbol from being formal to the more funky a. Instead of targeting more formal business post-paid audiences as before, it targeted the youth, especially the college going crowd, partly in response to the aggressive...

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The Rise and Fall of the BRICS

BRIC, a popular acronym coined by Goldman Sachs economist Jim O’Neill- for Brazil, Russia, India and China, refers to the set of countries expected to overtake the economic duopoly of USA and Europe (consisting of the United Kingdom, France, Germany and a few others) by the turn of the...

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Flipkart’s Intelligent Advertising

Although the concept of e-commerce is not at all new, the very practice of online shopping in India has really only become widespread over the past couple of years. Flipkart is one of the most prominent online shopping networks in the country today and has succeeded in becoming so...

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Survival of the Fittest?

In September 2004, the number of mobile phone connections crossed the number of fixed-line connections for the first time, and presently dwarfs the wireline segment by around a 20 to1 ratio. The Indian mobile subscriber base has grown by factor a of over a hundred and thirty, from 5...

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A Meeting called G-20

The G20 Summit for the year 2012 was held in Mexico from June 18 to June 19. The apparent agenda of this summit was to represent ‘developing’ countries in both vision and policy. What was basically discussed then? How to resolve the Euro zone crises; how to resuscitate...

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Greece’s Debt Crisis

The root of this issue sprouted at the beginning of this century when Greece joined the European Union. This was after two years of the introduction of the Euro in 1999. This Unification was built on fake budget records which were later revealed stating that the country was in...

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Things That Could Kill Facebook

No, I am not joking. Mark Zuckerberg is a worried man. He is constantly living under the fear of losing everything he got. At the time of IPO filing, Facebook submitted a list of risk factors that could affect the company. And the worst of them is the fact...

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Nostalgic Over Budget?

PreBudget Spice: YeahYes, I am talking about our own budget of 2012-2013, the one that was released on March 16 and preceded by the Railway Budget and Economic Survey on 14th and 15th March 14 and 15 respectively.

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Brands and Customer Loyalty

Ever since the man has become civilized, there has been a market which caters to all his basic needs. However, gradually the human beings have started refining their emotionally driven wants and demands. This prompted the sellers to implement a proper thinking pattern while selling or manufacturing a product.

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Role Of NIIT In Transforming Education

Long back in 1981, on the campus of IIT Delhi, India students Rajendra S. Pawar and Vijay K. Thadani found themselves sharing the same dorm room. I am sure that they would have never thought that, their one idea could one day create a revolution in India’s education and...

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The King of Turbulent Times

Everyone associated with the KFA have been facing turbulent times against the good times promised to them by the opulent lineage. Those taking their services and those providing them as employees are jaded by KFA’s inconsistency to perform.

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The Euro Zone Crisis

While the immediate causes of this crisis have varied across different countries, some common economic principles are clearly at play. The common thread that runs across the crisis in different countries is the fact that it occurred as the government expenditure exceeded its income.

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Be Inspired in 2012

It is possible to be happy and joyful most of the time. You just have to look at little children and see their natural joy to get inspired. You may say that little children are free and don't have anything to worry about, but you can be free too!...

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Analysis of a Latest Economic Development

At the University Of National Institute Of Environmental Health Sciences a visiting fellow Saverio Gentile was working on nicotinic receptors. He happened to look for researchers who were working on the same lines at a social network site called within3.com (meant to discuss medical journal articles) and he chanced...

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Airtel Advertisement

With more than a billion customers in the country, telecom players have gone creative and effective in their communication to say the least. Vodafone’s latest zoo zoos have caught the fancy and with it a major share of consumer pie.

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The Saga of the Rupee

The RBI, which fought inflation for the last one and half years and finally brought it under control in July 2011 when the country’s nominal exchange rate against the US dollar fell from nearly Rs 46 to below Rs 44 between January 2010 and July 2011 only to witness...

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Attrition – Corporate Scourge

Attrition devolves from the Medieval Latin word, attricioun or attritio which originally meant sorrow for one’s sins that arises from a motive other than love of God. This definition also included the meaning of the act of wearing down or grinding down by friction and further the act of...

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Advertisement Industry

Flipkart, launched in 2007 by Sachin and Binny Bansal is often hailed as India’s answer to Amazon. The company today claims to sell one book a minute and currently earns a revenue of 20 crore. Sachin Bansal said at an interview that the company is growing at a Compound...

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Organizing the Kirana Market

But our local “kirana” store wasn’t in denial. It changed according to times and started selling the aspirations of consumers. One can find all brands and range, which Bharti-Walmart boasts of, in a local store. Moreover, the local store always sells below the MRP (Maximum Retail Price). Big Bazaar, EasyDay,...

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10 Richest Billionaires

The richest NRI, Lakshmi Mittal is on the 6th spot in this list! The proud owner of the ArcelorMittal Corp., Mittal is worth $31 Billion! Amancio Ortega, the Spanish of the Inditex Group is worth $31 billion! Eike Batista, the Brazilian of the EBX group is a $30 billion honcho! The Chairman...

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FDI in Retail in India

Developing retail infrastructure. Though FDI is allowed in single brand retail, the investment in infrastructure has been insignificant. Farmers in India incur loss of 1trillion out of which 57% is avoidable due to lack of storage facilities.

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