March 22, 2016 - India moots 6-8% 'Google Tax' on digital companies

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Invite Friends Blog Sree Vijaykumar From the Editor's Desk Helping others is a good thing. But can it lead to professional success? The short answer is yes; because of the power of relationships, motivation and learning. Sales people who value customer success over their own sales targets tend to lose out in the short run, but win in the longer term because of deeper relationships. Clients tend to return to you when they trust your suggestions. Helping others is motivating and can in itself help you improve your productivity. Helping out when no one else was available helped Kat Cole learn new aspects of the job and move from hostess to waitress to manager, to president of Cinnabon, a company that touched $1 billion in revenues last year. So, the next time someone asks you for help at work... - Comment Digital India moots 6-8% 'Google Tax' on digital companies CBDT suggests "Equalisation Levy" of 6-8% on B2B deals - It would also include right to use or download online music, online movies, online games and online software applications accessed or downloaded through internet. Advance to a Proactive I&O Organization in Four Steps Advancing I&O maturity increases the value that I&O delivers. This essential piece of Gartner research shares 4 easy steps to advance your I&O organization. Digital Google Capital invests in auto classifieds portal Cardekho The latest round will see the company use the proceeds towards creating a larger sales team as well as focus on creating a more immersive consumer experience. Digital Internet ad spend to overtake TV by 2017: Report Businesses around the world are set to spend more on internet advertising than on television commercials for the first time in 2017, forecaster ZenithOptimedia said on Monday. Advt: Interested in knowing the market value of your company and/or assets? Leverage the expertise of a premier new-age Board Advisory firm.. The Firm’s team has advised clients spread across SMEs, large Indian Conglomerates, Institutional Investors, Fortune 500 Corporations and Government Authorities.   The Responsible Business Summit Asia 2016 - Empowering Suppliers & Engaging Customers Leverage value chain opportunities and minimise supplier risks to ensure business longevity. The Responsible Business Summit Asia 2016 will bring together leading supply chain, procurement and sustainability professionals to discuss and understand why value chain sustainability is vital for commercial growth. Digital Ola snaps up mobile payment startup Qarth to expand 'Ola Money' After launching a standalone app for Ola Money in November last year, Indian transportation app Ola has made an acquisition to double down on its mobile.. Digital Former Freecultr CEO Sujal Shah starts fashion portal BandraRoad.com Shah has also put in money in the startup, which also runs a popular fashion blog. Digital Budget hotel aggregator Room On Call gets $2 million funding Last year it had raised $300,000 from Yahoo's Payal Syal. Retail First e-commerce firm tests waters in D-Street; Infibeam IPO sees cautious start The Rs 450 crore IPO of Infibeam Incorporation kicked off today, with the issue receiving bids for 10,982 shares on NSE and BSE in the first hour of l.. Retail Face Off: IKEA wants to stimulate the entire furniture segment says Ulf Smedberg, country marketing manager, IKEA India The world-famous furniture company, which has been sourcing from India for the last 28 years, is all set to open its first store in Hyderabad in 2017. Retail IKEA donates Rs 92 crore for safe water projectss in India, Indonesia IKEA Foundation is the philanthropic arm of INGKA Foundation, the owner of the IKEA Group of companies. Retail Big jewellers begin to register with excise authorities Leading names in jewellery industry — Orra, Reliance Retail and PCJ Jewellers — have come forward to register with the excise authorities. Telecom Internet Censorship: Regulating India's Internet Content regulation on the Internet is at the forefront of discussion in India due to a build up of events over the past 12 months. Last August the Department .. Telecom IEEE-SA policy not good for Indian telecom: Experts The government should refrain from adopting the IEEE-SA (Institute of Electrical and Electronics Engineers Standards Association) policy as it has stopped the standard development process globally and can do the same in India, analysts have warned.   Telecom India's Idea expands 4G to 300 towns, targets 750 by June India’s third largest operator Idea Cellular has rolled out 4G service in ten of the country’s 22 service areas, reaching its target of covering 50 per cent of the country’s population by the end of fiscal 2015-16.   Telecom Alibaba Group Holding Ltd (BABA) Records 3 Trillion Yuan Milestone Amid GMV Growth Concerns Alibaba Group Holding Ltd (NYSE:BABA) said today that its e-commerce sites had registered over RMB 3 trillion in transaction volume. Finance Govt prepares bailout for steel sector Steel secretary Aruna Sundararajan says steel and finance ministries are working on a package for the steel sector that will be finalized in next two months Finance India should consider using unclaimed funds in banks: Sir Ronald Cohen Sir Ronald Cohen, known as the rock star of social impact investing in the world, is on a whirlwind tour of India from March 17 to March 22 to promote a unified view of impact investment and to encourage policy change to help the $2-billion nascent industry in India. Finance Raghuram Rajan calls for new global pact to deal with monetary policy issues If governments respond by enacting policies that divert growth from other countries, this tactic will foster instability elsewhere, says the RBI governor Finance Finance ministry, banks hold meeting on loan recovery One of the known problems with the Indian economy at present is the state of the state owned banks. They simply have too much bad debt on their books: too many loans out to people who are not repaying them, have little hope of repaying them and are most unlikely [...] Software Why Apple needs to gamble with a ‘budget’ smartphone? On September 10, 2013, Apple launched the iPhone 5c alongside the iPhone 5s. Over the next year, it was evident that the 5c wasn’t necessarily the direction Apple intended for the device. But soon, it was evident, users saw it as an alternative to the benchmark device by Apple. Software Will India widen the ambit of ‘Google Tax’ on internet services firms? The committee, which included representatives from the government and the industry, has said that only payments of over Rs 1 lakh be covered by this levy. Software Persistent Systems expects 15% growth from IBM Watson alliance : Will set up new subsidiaries Persistent Systems today said that the alliance with IBM Watson announced last week could add up to 15-20% to the companys revenue in FY17 over the FY16 base. Software Ford plans to build smart cars using wearable technology Wearable technology is changing our lives in a number of ways. We have smartwatches, fitness bands and even smart clothes, which are equipped with sensors Ecommerce Ola acquires mobile payments firm Quarth in an attempt to strengthen its mobile wallet service Ola Money launched in November last year Quarth, which runs a mobile payments app called X-Pay, is Ola’s second investment in the mobile payment space Ecommerce Healthcare start-up LifCare raises $1 million; to use the fund to expand to new cities, technology enhancement and team expansion Freecharge’s Kunal Shah, angel investor Rajul Garg, others invest $1 million in healthcare start-up LifCare Ecommerce Flipkart Bans 250 Sellers Through its 'Mystery Shopping' Exercise As a part of the Mystery Shopping initiative, started last year, Flipkart has blacklisted nearly 250 sellers from its website. Franchise What are all benefits you can reap as a franchisor? Benefits of Franchising - Why franchising is an ideal business expansion method. - The Franchise Builders Franchise How do you determine if you should go the franchising way? Choosing between starting up your own business and buying into an existing franchise can be a difficult decision to make. Here are some things you should keep HR 'Make in India' roars: Hong Kong shifts industrial base from China to India The Hong Kong Trade Development Council (HKTDC) is promoting India as an alternative manufacturing base for its industries based in China. HR The 18 best jobs for people with good memories Here are 18 jobs with a memory-importance score of 53 or higher... HR Now hiring: New Development Bank opens vacancies for top posts The New Development Bank, the new financial institution established by Brazil, Russia, India, China and South Africa eight months ago, is now open for hiring for its top management positions — opening up career opportunities for development professionals among the five member countries.   HR India needs to create well paying jobs The Economic Survey 2015-2016 stresses that India being in the midway through its demographic dividend is providing an economic growth in terms of the working age share of the population. Hence to exploit this dividend and meet the growing aspiration of those entering the labor force, India’s Economy needs to create enough “good jobs”- jobs that are safe and pay well, and encourage firms and worke Logistics Air India gains from Star Alliance, the 28 members of Star Alliance offer a network of 18,500 daily flights to 1,300 airports in 192 countries Asserting that no hospitality was provided by Air India, Yechury said the airline has not understood how to work with the new Dreamliner. Logistics Amsterdam to replace Brussels as Jet Airways' new European hub Here's why Jet Airways replaced Brussels with Amsterdam as new European hub - Jet Airways has also entered into a codeshare partnership with KLM Royal Dutch Airlines and Delta Air Lines. Logistics Peeved with India, Nepal set to offer railway, airport, oil and gas projects to China China is in talks with the visiting Nepali prime minister KP Sharma Oil to establish a rail network connecting different cities in the Himalayan kingdom, sources said. This is besides the plan to extent the Tibetan railway to the Nepali border.   Logistics Transport Corporation of India Ltd's Shareholders, Un-Secured Creditors approve scheme of arrangement The Equity Shareholders of Transport Corporation of India Ltd at the Court Convened Meeting in their meeting held on March 19, 2016 have unanimously approved the scheme of arrangement between Transport Corporation of India Limited and TCI Express Limited and their respective shareholders and creditors.   Construction CEOs of three smart cities appointed by Government in Madhya Pradesh These three state service officers played a key role in developing the smart city proposals of their municipal corporations Construction NBCC will benefit from Hindustan Steelworks Construction's orderbook: Anoop K Mittal, CMD, NBCC Anup Mittal, CMD, NBCC talks about the acquisition and outlook for NBCC in this interview. Experts: Construction How the real estate regulatory bill 2013 will impact investors The Act proposes to bring parity between buyer and seller by making the latter liable to pay the customer same interest as demanded of the buyer Construction Here are 9 smart Indian cities to invest in Out of 20, we have picked nine destinations which are not only good for end-users with small pockets but are also great investments considering the po.. Marketing Start-ups spur marketing change in India : Report MUMBAI: India's start-ups are setting a new standard for marketing and customer service on the subcontinent, a market expert believes. Marketing Internet ad spend to overtake TV by 2017 : Report Global internet ad spends to overtake TV for first time in 2017: Agency - ZenithOptimedia expects internet advertising to grow at over three times compared to the rest of the industry in 2016, boosted by Rio Olympics, European soccer championships and the US Presidential elections. Marketing 10 media and marketing trends in China : Report GroupM's latest report revealed China’s changing media landscape and future trends. Marketing Concerns over valuation hits Infibeam’s IPO : shares subscribed 0.16x on Day 1 Gujarat-based ecommerce player Infibeam hit the markets with its Rs 450 crore initial public offering today. However, Infibeam has fixed a price band of Rs.360-432 per share for it public offer, and investors are finding it expensive. A report by India Infoline said that this values the compa Politics The Walter Andersen interview: The RSS no more a brahmanical organisation; Modi is most important figure in the Parivar After attending a series of meetings at the World Sufi Conference in New Delhi, Walter Andersen spoke at length about Prime Minister Narendra Modi, secularism and Indian politics Politics Ahead of election heat in 5 states, Modi talks quotas again: ‘No change in reservation policy for Dalits’ Making it clear that there will be no change in the reservation policy for Dalits, Prime Minister Narendra Modi today asserted that nobody can snatch their right even as he accused his opponents of spreading “untruths” on the issue. - Firstpost Politics ‘Nationalism’ debate: Oppn slams BJP, says forcing ‘Bharat Mata ki jai’ on Indians is replay of Hitler’s tactics The nationalism debate escalated on Monday with opposition parties slamming BJP's "insistence" on 'Bharat Mata ki jai' as the only way to express this as an "unfortunate replay" of Hitler's tactics, prompting the ruling party to say opposing the slogan amounted to treason. Politics JNU Student Denied Entry: Is Patriotism Being Refashioned As A Performance Sport? As an incident, it’s small, almost not newsworthy. A student from JNU walked up to the nearby National University for Educational Planning and Administration to see whether its documentation cen Sports ICC World Twenty20: We are going to be a pretty hard side to beat, says Ravichandran Ashwin Ravichandran Ashwin feels that in favourable conditions, and on their day, India would be a tough team to beat. Sports Pakistan’s Wahab Riaz hit by ball during practice, goes for ‘precautionary scan’ Pakistan media manager Agha Akbar said someone threw the ball and it hit Wahab Riaz between neck and shoulder accidentally during practice session. Sports Shahid Afridi to be sacked post World Twenty20, says PCB chief Shahryar Khan Shahryar claims that the PCB will look at Shahid Afridi as an option both as a captain and a player post the World Twenty20. Sports Sunil Chhetri ruled out of India’s World Cup qualifier vs Iran The match for Russia 2018 World Cup Preliminary Joint Qualification Round 2 is slated to be played in Tehran . Entertainment ‘Kaaka Muttai’ fame Aishwarya Rajesh is Bollywood bound Kaaka Muttai actress Aishwarya Rajesh has landed the leading role opposite actor Arjun Rampal in her Bollywood debut. Entertainment Jacqueline Fernandez and team help raise funds to build homes of Chennai flood victims Jacqueline Fernandez and her team are raising funds to help build houses for victims of flood-hit Chennai. Entertainment Shahid Kapoor is rigorously following an army man’s workout for Rangoon Shahid Kapoor is rigorously following an army man's workout and training hard for his role in Vishal Bhardwaj's Rangoon. Entertainment Vir Das postpones his comedy US-Canada tour for Ajay Devgn’s Shivaay Vir Das has rescheduled his shows dates and will fly to Bulgaria to shoot his part for Ajay Devgn's upcoming production venture Shivaay. 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