The cities contributing most to global GDP by 2030

In 2030, the world's 750 biggest cities will account for 61 percent of the planet's GDP, approximately £52.5 trillion. According to the Oxford Economics Global 2030 study, 9 of the world's top cities in 2030 will be Chinese. New York-Newark-Jersey City will still lead the way though, contributing £573 billion to the global GDP that year... Read more

India mobile subscribers rise to more than 1 billion

India's mobile phone subscriber base peaked to more than 1 billion users for the first time, data released by the telecom regulator showed, making India the only country after China to achieve that milestone.

Total wireless subscribers in Asia's third-largest economy rose to more than 1 billion at the end of October from 996.7 million at September-end, the data showed... Read more

Leadership Lessons from 10 Wildly Successful People

The novelist Salman Rushdie on productivity: “I’ve always told myself to treat it like a 9-to-5 job…It doesn’t matter whether you’re feeling good that day. I don’t think writers or artists can afford to have a ‘creative temperament’ or to wait for inspiration to descend. You have to simply sit there and make yourself do it. Once your mind understands it has no excuses, it’s remarkable how it begins to play along.”... Read more

What India Inc could gain from the Paris climate summit

India’s strong stance at the recently concluded climate talks in Paris won it both accolades and brickbats. The country’s negotiators at Conference of Parties (COP)-21 Paris ensured they brought back the best possible deal—an agreement that, if properly taken advantage of, could open up investment opportunities, create jobs and infrastructure... Read more

India Post 's payment bank to start from March 2017

NEW DELHI: Union Minister for Communications and IT Ravi Shankar Prasad said on Monday that the India Post Payment Bank will start operations in March 2017. He said several Indian and foreign financial institutions such as the World Bank and Deutsche Bank have approached the state-owned postal department for a tie-up. Prasad was speaking at the ministry's annual Good Governance Day conference... Read more

Bharti Airtel acquires 74% stake in Augere to strengthen 4G footprint

NEW DELHI: Bharti AirtelBSE 0.52 % has bought a 74% stake in Augere Wireless Broadband India, consolidating its 4G footprint ahead of the launch of similar highspeed broadband services by Reliance Jio Infocomm.

"Airtel has acquired 74% capital of Augere. With the aforesaid acquisition, Augere has become a subsidiary of Airtel," the telco said in notice to the BSE on Tuesday. Airtel's stock ended 1% higher at .`334.45 on the BSE, outpacing the broader markets. The statement came after market hours.

AirtelBSE 0.45 % didn't disclose the financial terms of the acquisition. Previously, sources with knowledge of the deal had put the value of Augere's airwaves at close to Rs 150 crore... Read more

The Sales Acceleration Formula: Using Data, Technology, and Inbound Selling to go from $0 to $100 Million

The Sales Acceleration Formula provides a scalable, predictable approach to growing revenue and building a winning sales team. Everyone wants to build the next $100 million business and author Mark Roberge has actually done it using a unique methodology that he shares with his readers. As an MIT alum with an engineering background, Roberge challenged the conventional methods of scaling sales utilizing the metrics-driven, process-oriented lens through which he was trained to see the world. In this book, he reveals his formulas for success. Readers will learn how to apply data, technology, and inbound selling to every aspect of accelerating sales, including hiring, training, managing, and generating demand... Read more

When 'innovation' means rule-breaking

There is a simple reason the drug trade is so lucrative: Government mandates create a market opportunity for businesses willing to shirk the law.

In the technology and venture capital world, this principle has not gone unnoticed. Some of the highest profile recent start-ups were built to exploit unmet consumer demand created by regulatory restrictions. Uber and Airbnb, for instance, have prospered because taxis are hard to find, and hotels are expensive and heavily taxed, while there are plenty of ordinary people with extra automobile capacity and rooms to rent... Read more

Government To Unveil Blueprint For Start-ups On January 16, Says Modi

The government will unveil a blueprint for start-ups in the country on January 16, Prime Minister Narendra Modi said in his monthly radio programme Mann ki Baat on Sunday (27 December)... Read more

Baba Ramdev’s Patanjali becoming contender in consumer goods space; rival companies brace up for threat

NEW DELHI: Baba Ramdev's Patanjali, with more than 350 products ranging from noodles and biscuits to shampoo and toothpaste, is giving heads of consumer goods reason to sit up and take stock. They've realised Patanjali can't be dismissed as the whim of the baba— the brand is rapidly becoming a contender in the consumer goods space...Read more

The Second Decision: the QUALIFIED entrepreneur TM

Are you the right person to lead your company? You’re in the driver’s seat of a growing company that an entrepreneur—possibly you— made the First Decision to start. Now, imagine your Board of Directors asking you question after question about your business knowledge and decision-making process. Pass—you leave the meeting knowing you have the skills to lead your organization for the next three years... Read more

Airbus to increase India sourcing to $2 billion by 2020

Bullish on India as a market place as well as a manufacturing hub, leading aircraft maker Airbus today said it has begun sourcing components for almost all its jets from the country and aims to take its cumulative sourcing from there to USD 2 billion in the next five years... Read more

Reliance Group to sign pact with Russian company for Rs 30,000 crore Navy project

MUMBAI: Anil Ambani-led Reliance Group is set to sign an agreement with Russian United Shipbuilding Company at Moscow on Thursday for manufacturing Rs 30,000 crore worth of four frigates for the Indian Navy, people close to the development told ET.

These four 'Talwar class' frontline warships will be built at Reliance Group's recently acquired Pipavav shipyard in Gujarat.

The deal, which coincides with Prime Minister Narendra Modi's visit to Russia, involves building of warships in India and an arrangement for refitting and modernising all Indian Navy surface ships of Russian origin at Pipavav shipyard... Read more

Global Competitive Index

The Global Competitiveness Report 2014-2015 assesses the competitiveness landscape of 144 economies, providing insight into the drivers of their productivity ... Read more

Van Heusen opens India's first digital store in Bengaluru

BENGALURU: Van Heusen, the premium lifestyle brand from Bengaluru-based Madhura Fashion & Lifestyle, opened its first all-digital store called 'Van Heusen Style Studio' on Saturday in 100 Feet Road, Indiranagar in east Bengaluru. The first-of-its-kind store comes in the wake of the need for enhancing shopper experience with technology.

The 5,500 sq. feet store offers digital solutions for inconveniences shoppers often face in a brick and mortal setting. So the shopping experience looks at offering personalised experiences in terms of fit, size and style that best suits the customer's personality. ... Read more

5 Ways to Close the Strategy-to-Execution Gap

In an ongoing global survey of senior executives, more than half of the respondents said they didn’t think their company had a winning strategy, and two-thirds said they didn’t think their organization had the right capabilities to execute its strategy. Baffled by these findings, we set out to find and study examples of extraordinary companies that close the gap between strategy and execution — companies such as Amazon, Apple, CEMEX, Danaher, Frito-Lay (the snacks enterprise within PepsiCo), and Haier. What we found surprised us:... Read more

Financial Intelligence for Supply Chain Managers: Understand the Link between Operations and Corporate Financial Performance (FT Press Operations Management)

Discover how your supply chain and operations work impacts financial performance, and how to align your efforts to help your company succeed – the fastest, best way to supercharge your own career! As a supply chain or operations professional, you may clearly understand your operational performance goals. But if you want to get promoted, you need to know how your day-to-day work powerfully impacts the financial metrics your top executives care about most... Read more

Google is partnering with Ford to build self-driving cars

Google and Ford are forming a partnership to build self-driving cars, according to a report by Yahoo Autos, a move that pairs one of the world's top automakers with one of the pioneering companies developing robo-car technology... Read more

Godrej Agrovet acquires majority stake in Creamline Dairy for Rs 550 cr

MUMBAI: Godrej Agrovet, India's largest animal feed manufacturing company, has acquired a majority stake in Hyderabad-based Creamline Dairy, making its foray into the country's Rs 4 lakh crore dairy business. The Godrej Group firm has bought a 25 per cent stake in Creamline at an enterprise value of about Rs 550 crore, taking its total holding in the dairy firm to 51 per cent. Godrej Agrovet (GAVL) had bought 26 per cent of Creamline in 2005.

Balram Singh Yadav, managing director at Godrej Agrovet, said the company spend roughly Rs 150 crore on the latest deal.

"As the company embarks on its ambitious future growth plan, we believe GAVL will be able to bring in significant value to the business by helping it develop successful brands and add more value-added products to its current portfolio," said Yadav... Read more

The Executive Checklist: 10 Ways to Radically Transform Your Business

To be successful in today's extremely complex and unsteady business world, entrepreneurs must do all that they can to simplify. Checklists make every aspect of life easier. So, an executive checklist is in order. Here are ten quotes from The Executive Checklist: A Guide for Setting Direction and Managing Change, my most recent book on the subject. Besides providing you with a good idea about what can be found in the book, these ideas can be tailored to become the underpinning of your personal executive checklist... Read more

The Digital CEO

Arundhati Bhattacharya, Chairman of India's largest bank, State Bank of India, is laying the foundations to make it future-ready.... Read more

Buy SUICH's first 'Made-in-India' power banks at Re 1

SUICH, one of the leading mobile original equipment manufacturer (OEM) companies, has launched the first "Made in India" low-price and stylish power banks.

The stunningly colourful power banks are available in three variants - 5000mAh, 7500mAh and 10,000mAh... Read more

Tata Motors only Indian firm on top-50 global R&D list

NEW DELHI; Tata Motors BSE 0.30 % has entered the top-50 league of the world's biggest companies in terms of their R&D investments, topped by German automaker Volskwagen.

On the annual Industrial R&D Investment Scoreboard for 2015, prepared by European Commission, Volkswagen is followed by Samsung, Microsoft, Intel and Novartis BSE -0.13 % in the top-five.

Tata Motors has moved up from 104th position last year to 49th now and has also shown the largest increase in R&D (Research and Development) investments on the list. However, most of this R&D is at its UK subsidiary Jaguar Land Rover... Read more

The Collaboration Breakthrough: Think Differently. Achieve More.

Tools To Create A Workplace You Love Imagine, for a moment, a workplace where you and your co-workers... Read more

Shooting for the moon

A team of youngsters in Bengaluru is out to send a lunar mission in two years. The author meets the enthusiastic men and women from Axiom Research

The atmosphere at the sparkling new Axiom Research Labs facility is informal and collegial. This is not surprising, since most of Axiom's 80-strong workforce is just out of college. It's also geeky. Equations, diagrams and Star Wars references are scribbled across the many whiteboards scattered around the open-plan office, a stone's throw from the Bengaluru-Hyderabad highway. That's to be expected since almost everyone on campus has a science/engineering background. It's driven: people walk quickly, conversations are brief and pointed... Read more

India's growing GDP one of 2016's bright spots

India, expected to grow at 7.8 per cent next year, is finally emerging from China's shadow in the global growth stakes... Read more

Anil Ambani, Steven Spielberg join hands to form JV

The Anil Ambani-owned Reliance Entertainment and acclaimed Hollywood director Steven Spielberg's DreamWorks on Thursday announced formation of Amblin Partners - a new film, television and digital content creation company.

Participant Media led by Jeff Skoll and Entertainment One (eOne), a leading US-based media company, are also part of the joint venture.

"Together with Reliance Entertainment and DreamWorks Pictures, they will work closely with Amblin Partners to develop and produce specific content for the new venture, in addition to exploring opportunities for co-productions and other content,"... Read more

PM Narendra Modi to inaugurate Make in India Week on February 13

Prime Minister Narendra Modi will inaugurate the Make in India Week in Mumbai on February 13, a mega event in which the government expects participation of over a 1,000 companies and delegates from over 60 countries... Read more

Total sugar production worldwide from 2009/2010 to 2014/2015 (in million metric tons)*

This statistic illustrates the total sugar production worldwide from 2008/2009 to 2014/2015 with a forecast for 2015/2016. In 2009/2010, approximately 153.4 million metric tons of sugar were produced in total worldwide... Read more

Spencer’s Retail acquires ecomm startup MeraGrocer

KOLKATA: Hypermarket chain Spencer's Retail has acquired ecommerce startup meragrocer.com to foray into online sales, signalling consolidation in India's retail landscape and mirroring a trend in developed markets where vendors offer products through various channels. The gross merchandise value of MeraGrocer is about Rs 5 crore, which will be scaled up to Rs 500 crore over the next five years, said Shashwat Goenka, head (retail) at RP-Sanjiv Goenka Group.

"It is an ambitious target, but achievable since we will integrate MeraGrocer with our store infrastructure for an omni-channel strategy, whereby the overheads of the ecommerce firm will significantly come down,"... Read more

What Is Strategy?

Today’s dynamic markets and technologies have called into question the sustainability of competitive advantage. Under pressure to improve productivity, quality, and speed, managers have embraced tools such as TQM, benchmarking, and re-engineering. Dramatic operational improvements have resulted, but rarely have these gains translated into sustainable profitability. And gradually, the tools have taken the place of strategy. In his five-part article, Michael Porter explores how that shift has led to the rise of mutually destructive competitive battles that damage the profitability of many companies. As managers push to improve on all fronts, they move further away from viable competitive positions... Read more

Govt allows mines to PSUs to sell coal to small industries

In a move aimed at enhancing energy security, the government today cleared allotment of coal blocks to PSUs for the sale of the fossil fuel mainly to medium, small and cottage industries and a policy for developing Underground Coal Gasification in coal and lignite areas.

"The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has given its approval for allotting coal mines to central and state PSUs for sale of coal, especially to medium, small and cottage industries, under the provisions of the Coal Mines (Special Provisions) Act, 2015,"... Read more

Building Sustainably Successful Organizations

Growing Pains is the definitive guide to the life cycle of an organization, and the optimization strategies that make the organization stronger. Whether growth is rapid, slow, or not occurring at all, this book provides a host of solid tools and recommendations for putting everything in order. Now in its fifth edition, this invaluable guide has been fully updated to reflect the current economic climate, and... Read more

Indian pharma market crosses Rs 1,00,000 crore mark

MUMBAI: The Indian pharmaceutical market has for the first time crossed the Rs 100000 crore mark in November when calculated on the basis of Moving Annual Total (MAT), said IMS Health, a global pharmaceutical market research... Read more

5 Business Strategies You Need to Know About in 2015

As a business owner, you’ve probably noticed many of the core business ideas and strategies stay the same year after year. However, throughout the last couple of years technology and a surplus of information has changed the landscape for businesses. We can now reach our audience in essentially every corner of the world, anytime we want. And, we not only have the resources to connect with our audience, we also have the means to create personalized content for them... Read more

Tata Steel launches two new innovative products

Tata PowerBSEMUMBAI: Tata PowerBSE 2.52 % Company has said that it has identified four geographies for driving growth-- Africa, South East Asia, the Middle East, SAARC, the company said in a statement Monday.

Tata Power, which earlier decided to focus more on renewables in India given the problems faced by convectional Power projects, has been expanding its overseas presence.

Our allocation strategy is simply to invest in the regions and in specific projects where we have all the clearances and are able to mitigate risks to achieve the threshold returns. In addition, Tata Power...Read more

Bigger and faster: With new models & ideas, Indian IT industry heads for $350 billion future by 2025

With new models & ideas, Indian IT industry heads for $350 billion future by 2025Not long ago, lenders such as Citibank or Deutsche Bank turned to tech companies to maintain their back-end systems where they kept accounts, customer data, mortgage, loan processing et al. Not anymore. Banks themselves have become digital companies, enabling their customers to perform an array of functions on their smartphones or on the Web without ever having to step into a branch.

What drove this change? The answer is simple: technology became the core of businesses. Earlier, throughout the outsourcing wave, technology was always at the periphery. Forget banks. Even the neighborhood grocer has embraced technology in some form or the other.... Read more

Find Innovation Where You Least Expect It

On the evening of April 14, 1912, the RMS Titanic collided with an iceberg in the north Atlantic and sunk two hours and 40 minutes later. Of its 2,200 passengers and crew, only 705 survived, plucked out of 16 lifeboats by the Carpathia. Imagine how many more might have lived if crew members had thought of the iceberg as not just the cause of the disaster but a life-saving solution... Read more

4 Steps To A Successful Business Transformation

It’s transform or wither in today’s business environment, with multiple transformation triggers creating strong pressure simultaneously. This state of affairs results from two factors, explains Robert T. Vanderwerf, Transformation Strategy Leader, KPMG LLP. “We are living in interesting times, with multiple transformation triggers all present at the same time, all equally intense,” ... Read more