February 24, 2016 - Virtusa gets CCI nod to acquire 53% stake in Polaris

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk This article looks at the promise of the Indian middle class vs the reality, as well as the mandatory comparison to China. In 1990, we had fewer people earning less than $5000 per year (90%) than China (95%). In 2015, this number for India was 46%, while that for China was only 18.7%, demonstrating the success of the Chinese economic experiment. While India's prosperity has been like a flat pyramid slowly rising (all segments moving upwards), the Chinese top down growth model appears to have propped up a section of society directly into the middle class and upper middle class, giving the pyramid a bulge in the middle. With India's diversity and democracy pulling us one step behind for every 2 steps forward, a Chinese-style miracle appears unlikely - Comment Digital Virtusa gets CCI nod to acquire 53% stake in Polaris The combination is expected to help Virtusa provide end-to-end global banking and financial services and pursue larger consulting and outsourcing opportunities. Union Budget 2016-17: Return of Good Days? If there is one policy event that is awaited every single year, it is the Union Budget. And this year is no different. Digital CarDekho to auction luxury cars on its app CarDekho.com, the online automobile portal, is to auction luxury cars on its app. Sche Digital Facebook's Zuckerberg both woos and lashes out at phone industry Facebook Chief Executive Mark Zuckerberg on Monday tried to extend an olive branch to Advt:The Rise of Multi-Talented Freelancers A freelancer in 2016 must wear many hats. A freelance marketer for example, should have impeccable writing, PR experience, social media proficiency, and preferably some SEO skills Digital Young Indians less serious about cyber-security, finds study Willing to share passwords, sensitive info Digital Telenor to launch 4G services in India within six months: CEO Brekke Norway-based Telenor on Tuesday said that it will launch 4G services commercially in I Digital Will focus on both 3G, 4G in India: Vodafone Pricing of spectrum should be proportionate to economic condition of country: CEO Colao Retail German incubator Rocket Internet likely to sell online furniture retailer FabFurnish to Future Group German incubator Rocket Internet, is in talks with Kishore Biyani-led Future Group for the sale of its online furniture retailer FabFurnish. Retail Will e-commerce companies (n)ever make money? After years of burning through billions of dollars, the question now is not when but if e-commerce firms would ever turn profitable, says K Vaitheeswaran Retail Aditya Birla Retail's More ties up with Paytm to offer wallet services to customers Aditya Birla Group's food and grocery retail arm More has tied up with Paytm to offer mobile wallet services to customers shopping at its stores. The tie-up will be active across 137 cities where More stores are present. "Our customers can shop Retail Future Retail building omnichannel to support brick and mortar business FDI in retail will expand market, bring in huge investments: Rakesh Biyani Telecom Reliance Jio will have best spectrum holding after pan-India 4G airwaves sharing pact with RCom Credit Suisse said Jio’s spectrum portfolio "is quite enviable" as it will be "the only operator with a pan-India sub-1 GHz liberalised spectrum. Telecom Telenor to launch 4G services in India within six months: CEO Brekke Norway-based Telenor on Tuesday said that it will launch 4G services commercially in I Telecom India, China to lead next leg of mobile market growth As developed countries reach saturation, a new study says China and India will account for 45 percent of new mobile subscribers over the next five years. Telecom NPCI's Unified Payment Interface Has The Potential To Kill Mobile Wallets in India; All Set To Launch In April NPCI, the organization which the hub of all online payment systems operating in the country is all set launch the highly anticipated ‘Unified Payment Interface’ (UPI). The flexibility and ease of UPI is such that that it has the potential to kill all mobile wallets in the country. Finance Stanchard Chartered's India losses at $981 million A $1.3-billion (Rs 9,781-crore) hit taken by Standard Chartered Bank on its loans in India has been a key trigger for the British lender to report its first loss in 26 years in its global operations. Finance Why Raghuram Rajan's NPA move may either bring Indian banking to life, or push it into a coma Rajan's NPA move could push banks into a tipping point. The time may not be right given the weak economy. But in the long term, it could save our banks. Finance All panchayats to get banking services BHUBANESWAR: The State Government on Monday asked commercial banks to augment credit to priority sector in Odisha and cover unbanked gram panchayats (GPs) under... Finance A bad bank for India's toxic debt an all-round bad idea Some nationalization of bank losses is unavoidable, but priority should be speedy privatization of state-run lenders, not creation of (another) bad bank Software How are Chinese brands going global after pushing aside Apple, Samsung? Along with other Chinese phone makers such as Huawei and Xiaomi, Chinese brands have surpassed Samsung in China and are encroaching on Apple's turf. Software Wipro, Cognizant and Accenture in race to bag business outsourcing contract from Uber Uber has floated a request for proposal (RFP) for the Uber Map Improvement Group. The attempt is to enhance its mapping assets, including to ensure faster pick-up times. Software Facebook wants to work with more operators and shift focus to other parts of internet.org Facebook has said it will now focus on other parts of the internet.org and wants to work with all operators in order to get more people on Internet. Ecommerce Amazon raises the free-shipping limit to $49 for non-Prime members in a bid to push more of its customers to subscribe to its Prime service The move by Amazon comes in a bid to push more of its customers to subscribe to its Prime service. The Prime service of the e-commerce giant offers si.. Ecommerce First Eat raises $200K seed funding; aims to solve the problem of awareness, availability and affordability of necessary healthy meals The startup aims to solve the problem of 'awareness, availability and affordability' of necessary healthy meals, by offering healthy organic meal options. Ecommerce Koovs appoints former Quasar CEO Gaurav Nabh as marketing director; Nabh to focus on brand communication and content, digital marketing Nabh has over 14 years of experience in marketing through the digital and mobile medium as a brand marketer and agency partner. Ecommerce Hike plans to use artificial intelligence to beat WhatsApp; to launch brand channels later in 2016 Currently, Hike's 100 mn users spend 120 minutes a week on the app and the messaging peaks at 11.30pm Franchise Franchisee Journey: From married couple with common goals to successful Pro Martial Arts franchisees Pro Martial Arts franchisees John and Lisa Highberger talk consulting and communication. Franchise Were German beer makers in the 1800s the originators of franchising? German beer makers are often cited as the originators of franchising. Dating back to 1800s Europe, many beer makers granted pubs and taverns the rights to sell and use their name. In fact, the word HR Barclays' Krishna Hegde to head consumer investment products at Paytm Bank Krishna Hegde, who was managing director for credit research at Barclays, will relocate from Singapore to Paytms headquarters in Noida. HR New visa rules in UK may lead to job cuts for Indian doctors The United Kingdom's proposed visa regime changes, expected to be introduced later this year, are aimed to give priority to UK and European doctors for skilled jobs. HR Tata Steel to restructure India business to reduce costs and increase productivity Restructuring at Tata Steel will take place across all business functions such as human resources, production, transportation, marketing and so on. HR Firm policing top priority, Kalikho Pul to recruit 2600 cops immediately 'This also includes transfer and posting of required officials, suspension and even termination of officials who do not perform in accordance to their assigned duties, Pul said. Logistics Its Just 1 clause that separates the Govt, Congress on GST deal, the demand to cap the tax rate at 18% by making it a part of constitutional ammendment According to the SMB Sentiments 2016 study, which gives details of perception and expectations from the economy in terms of market and investor sentiments, corporates consider GST Bill and Make in India as most positive initiatives Logistics Mumbai-Pune Expressway to be India's first 'Zero Fatality' road corridor, MSRDC signs an MoU with Mahindra and Mahindra for road safety To reduce road fatalities on the expressway, MSRDC signed an MoU with Mahindra and SaveLife foundation. Logistics Some experts hope that the rate of tax on excise and services is not increased The Make in India project has set the ball rolling with investment commitments amounting to a whooping Rs. 15.2 lakh crore. Logistics Older carriers allege Vistara and AirAsia India flouting norms, hit out against abolishing 5/20 rule The older carriers say overseas stakeholders, AirAsia Bhd and Singapore Airlines, are managing the two airlines, in contravention of the rules. Construction Incentives for realty, mass-housing sops, tax cuts hold key for budget What will still hold the key for the annual exercise, due this time on February 29, is incentives for affordable housing and tax benefits Construction Piramal Fund to commit Rs 15,000 crore under new financing line to developers Under this plan, Piramal Fund Management intends to pre-sanction funding limits for its selected existing tier I developer partners to pursue acquisit.. Construction CEO Noida Authority expresses satisfaction over progress of under-construction projects Emphasizing a gridlock free city to be the need of the hour, Rama Raman expressed satisfaction on the progress of the under-construction projects Construction Aurangabad Municipal Corporation can't find a way to raise money for road contractors The contractors have decided not to accelerate the projects unless they get the payment Marketing Advertisers cannot treat consumers like data points : Craig Greenfield Q&A with Craig Greenfield, COO, Performics Worldwide and Tanmay Mohanty, its India MD Marketing From Digital Gimmicks To Marketing Objectives : Indian Digital Pharma Is Now On The Right Track Approximately, 80% of women have migraine problem and this motivated Shweta Rai, General Manager, Marketing, Janssen India and her team to build a community around it, create awareness and presence… Marketing Facebook top choice for app advertising : Study The social networking giant Facebook is the undisputed leader in mobile advertising. Marketing It's Time to Stop the Financial Marketing Insanity : Report The 2016 Financial Marketing Trends Report reveals that bank and credit union marketing strategies, priorities and budget allocations are stuck in neutral.   Politics We Must Heed This Warning By A Harvard Academic About RSS And Creeping Fascism In January 2000, a Harvard academic wrote a piece in The Frontline titled The RSS Gameplan, describing a "creeping fascism" perpetrated by what he called a "disillusioned and dispirited Politics Supreme Court To hear plea Against Lawyers Who Said They Beat up JNU's Kanhaiya Kumar The Supreme Court on Tuesday agreed to consider a plea seeking contempt action against three lawyers allegedly caught on camera bragging and boasting that they had beaten up Jawaharlal Nehru Universit Politics Budget 2016: President Pranab Mukherjee Praises Modi Government For Economic Reforms NEW DELHI -- Describing India as "a haven of stability" in a turbulent global economy, Indian President Pranab Mukherjee on Tuesday said the government has simplified procedures for approval Politics Swacch Bharat? U.P. Babu Caught Peeing At Triveni Sangam In Allahabad NEW DELHI -- In a knock to Prime Minister Narendra Modi's Swacch Bharat Campaign, a bureaucrat in Uttar Pradesh was caught urinating on the banks of the Sangam in Allahabad. The embarrassing vide Sports Ranji Trophy Final: Saurashtra up against Mumbai, history Saurashtra up against 40-time winners Mumbai in Ranji final; Jaydev Unadkat vs Shradul Thakur can be interesting subplot. Sports Asia Cup 2016: It’s critical that Yuvraj Singh gets lots of time in the middle It is critical too that Yuvraj Singh gets lots of time in the middle because he instils fear in the opposition too. Sports T20 World Cup tickets sale to begin from Wednesday noon Tickets for the four India games and the semifinals and the final will be sold online through a lottery system. Sports McCullum's perfect farewell speech Visit the post for more. Entertainment My whole career is a tribute to David Bowie: Lady Gaga Pop star Lady Gaga feels like her "whole career is a tribute to David Bowie". Entertainment ‘Game Of Thrones’ isn’t escapism: Natalie Dormer Actress Natalie Dormer thinks "Game of Thrones" is not for people who watch TV as a form of escapism. Entertainment Farhan Akhtar wants to do a biopic on RD Burman Farhan Akhtar said it would be interesting to do a biopic on the legendary composer late RD Burman. Entertainment I proudly demand my script in Hindi: Manoj Bajpayee Manoj Bajpayee says he doesn't read a script if is it is not written in Hindi. TradeBriefs Publications are read by over 10,00,000 Industry Executives 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