Friday, November 15, 2019

November 15, 2019 - Why competition in telecom is key to the digital India dream

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TradeBriefs Editorial

From the Editor's Desk

The mindsets and practices of excellent CEOs

For all the scrutiny of the CEO’s role, though, little is solidly understood about what CEOs really do to excel. McKinsey's longtime leader, Marvin Bower, considered the CEO's job so specialized that he felt executives could prepare for the post only by holding it. Many of the CEOs we've worked with have expressed similar views. In their experience, even asking other CEOs how to approach the job doesn't help, because suggestions vary greatly once they go beyond high-level advice such as "set the strategy," "shape the culture," and "get the right team." Perhaps that's not surprising - industry contexts differ, as do leadership preferences - but it illustrates that fellow CEOs don't necessarily make reliable guides.

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Telecom
Why competition in telecom is key to the digital India dream

Telecom giants Vodafone Idea and Airtel on Thursday reported a huge drop in earnings as the companies made provisions for potential outstanding payments to the government. Vodafone Idea said its consolidated net loss in the second quarter widened to Rs 50,922 crore - it's biggest ever, while Airtel reported a net loss of Rs 23,044.9 crore.


Telecom
AGR impact: Vodafone Idea posts India's largest quarterly loss at Rs 50,921 crore

VIL, in a statement, said that it has accounted for the estimated liability of Rs. 276.1 billion related to License Fee and Rs. 165.4 billion related..


8 More Telecom Stories


wtc


Finance
A four-year-old bank makes more profit than 17 PSU banks combined

PSU banks saw growth fall from 8% to 5% year-on-year, while private sector bank growth was down from 22% to 14%.The burden of non-performing assets (NPAs) continues to take a toll on the profitability of PSU banks


Finance
What happened to Brics bank's promise to revolutionise development finance?

Five years after its creation, the New Development Bank hasn't lived up to its grand early promise – but things could change


8 More Finance Stories


Food/FMCG
Next Amul in making: Rejected by EU, farmer body now India's largest grape exporter

A European Union rejection turned out to be a watershed moment for an entrepreneur's endeavours who then converted his private grape export company to full-fledged farmer's cooperative.


Food/FMCG
India resumes buying Malaysian palm oil as Kuala Lumpur offers discount

The resumption in purchases by India, the biggest buyer of Malaysian palm oil this year, could support Malaysian palm oil prices, which are trading near their highest level in two years.


2 More Food/FMCG Stories


Inkingideas

 R & D

Software
IT services providers bet on getting smaller and shorter-duration deals

The average outsourcing contract deal size among Indian IT services vendors has come down to $17.2 million in the first half of this year, from $22.9 ..


Software
Bollywood beckons Sony to open AI research labs in India

Company will hire local engineers to study applications in music and movies


6 More Software Stories


Ecommerce
Flipkart to collect plastic packaging back from customers

The pilot project by Flipkart has been rolled out in Mumbai, Bengaluru, Dehradun, Delhi, Kolkata, Pune, and Ahmedabad to begin with.


Ecommerce
Walmart logs $290 mn impairment for Jabong, sees strong growth from Flipkart, PhonePe

Walmart logged 2.5 per cent rise in revenue at USD 128 billion for the third quarter, even as its operating income fell by 5.4 per cent to USD 4.7 billion.


9 More Ecommerce Stories


 R & D
taggit



Digital
These Fintech Apps Are Digitizing The Book-keeping For Indian Businesses

Gone are the days when you need to spend hours to maintain your business accounts. Especially designed for small and medium-sized enterprises, these fintech apps are helping them to maintain their transactions and accounts at the click of a button. Their deep penetration and simple interface are bringing Digital India dream a step closer to realization.


Digital
Mark Zuckerberg has a secret TikTok account: Report

The TikTok account is not yet verified but uses the handle '@finkd', which is the same as Zuckerberg's handle on Twitter.The account has a modest 4,055 followers without any post


11 More Digital Stories


Franchise
Tupperware India takes retail count to 17, launches two exclusive brand outlets in Mumbai

The brand will soon be launching its own portal; this change is a step to keep up with the evolving social dynamics and buying patterns.



taggit



HR
Government To Spend INR 20K Cr To Make India Job Ready

HRD's INR 20K Cr project, aimed to introduce employable skills as part of graduate courses, is currently awaiting cabinet nod.


HR
Vodafone CEO apologises to govt, says company not leaving India

He added that Vodafone was engaged in talks with the government and that the company had full support from the government to help it survive through its tough times. 


15 More HR Stories


Logistics
IndiGo and SpiceJet, the big daddies of Indian skies, are struggling on foreign routes

In the past one year, IndiGo and SpiceJet, dominant players on the Indian skies, have pressed ahead with their international ambitions. But not everything has gone according to plan.Get latest Aviation online at cnbctv18.com


Logistics
CCI okays Adani's 23.5% buy in Mumbai International Airport

Adani Properties Private Limited is set to acquire 13.5% stake in MIAL from Bid Services Division (Mauritius) Limited and 10% stake from ACSA Global Limited.


10 More Logistics Stories



Construction
EXCLUSIVE | India's secret property: Only 6,500 Indians say they own more than one self-occupied house in India

Data analysis of tax returns shows that 1.14 crore people owned one house across India. "People hide the real numbers of self-occupied home to avoid deemed rental tax," a tax official said to India Today TV.


Construction
Pune unsold housing inventory valued at Rs 1.05 lakh crore Sep-end, report

Comparatively, the commercial real estate in Pune has a stable outlook. The demand in the city for commercial office space has historically outpaced the supply. Resultantly, the vacancy levels have come down gradually.


12 More Construction Stories


Marketing
How does Twitter work with brands?

Twitter springs into action at the faintest whiff of any new development, forming a microcosm of people's perceptions, right from the latest political and social discourse to opinions on new shows an


Marketing
Jet Privilege goes for brand revamp; to be known as 'InterMiles'

Carved out as a separate entity from the now-grounded Jet Airways more than five years ago, JPPL has close to 10 million members. JPPL, part of Etihad Aviation Group which holds 50.1 per cent stake, said it offers the members the opportunity to earn and redeem 'InterMiles' across more than 10 categories and over 150 programme partners.


3 More Marketing Stories



Politics
This is how the ISIS tried to get going in India by holding meetings and recruiting members
This is how the ISIS tried to get going in India by holding meetings and recruiting members
An excerpt investigating the attempts of the ISIS to enter India from Kabir Taneja's book 'The ISIS Peril'.


Politics
Data Shows Women Shy Away from Politics Due to Patriarchy
Data Shows Women Shy Away from Politics Due to Patriarchy
Telling Numbers: Most women don’t see politics as career, feel men get preference.  


12 More Politics Stories


Sports
Hong Kong Open: Kidambi Srikanth enters quarters; Sindhu, Kashyap, Prannoy ousted
Hong Kong Open: Kidambi Srikanth enters quarters; Sindhu, Kashyap, Prannoy ousted
Kidambi Srikanth, who slipped to the 13th spot in the latest rankings this week, notched up a 21-11, 15-21, 21-19 win over compatriot Sourabh Verma in the men's singles second round.


Sports
Mohammed Shami puts on a show as India floor Bangladesh
Mohammed Shami puts on a show as India floor Bangladesh
Read the detailed Reports & Articles of India vs Bangladesh, ICC World Test Championship, 1st Test only on ESPNcricinfo.com


7 More Sports Stories



Entertainment
How PVR is revolutionizing community movie-viewing in India
How PVR is revolutionizing community movie-viewing in India
India is often the land of contradictions. For everything that is true about India, its opposite is also equally true. It's no wonder then that despite producing the highest number of movies in the world, India's screen density remains one of the lowest in the world. 


Entertainment
Rajendra Mehta 1934-2019: The ghazal loses a purist
Rajendra Mehta 1934-2019: The ghazal loses a purist
Ghazal singer Rajendra Mehta, remembered for the famed nazm Taj Mahal mein aa jaana, passes away


11 More Entertainment Stories


Work


Work
Google set to offer banking current accounts
Google set to offer banking current accounts
The tech giant plans to partner with banks and credit unions in the US to offer current accounts.


19 More Work Stories



Life
Charted: IPOs in India are becoming fewer, smaller, and less lucrative
Charted: IPOs in India are becoming fewer, smaller, and less lucrative
Market regulator's easier norms haven't helped.


Life
How Mark Zuckerberg plans to make money with Facebook Pay
How Mark Zuckerberg plans to make money with Facebook Pay
Facebook's push into payments hasn't always gone smoothly.


15 More Life Stories


Retail
'Traditional wholesale lost half its revenue share post DeMo, GST'
'Traditional wholesale lost half its revenue share post DeMo, GST'
A report on consumer goods distribution channels has revealed that while modern trade and e-commerce have gained significant revenue share after the "..


Retail
We will invest to build a pan-India brand: Deepanshu Manchanda, CEO, Zappfresh
We will invest to build a pan-India brand: Deepanshu Manchanda, CEO, Zappfresh
"The opportunity is huge and we intend to extensively cover metropolitan cities in India over a period of time. All investments will go into building ..


12 More Retail Stories



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