2016: High growth, maiden policy propelled aviation sector2016: High growth, maiden policy propelled aviation sector

NEW DELHI/MUMBAI: A maiden integrated policy and over 20 per cent month-on-month traffic growth gave wings to the country's civil aviation sector in 2016.

The sector reaped benefits out of a rise in domestic disposable income, lower jet fuel prices and enhanced services to the non-metro cities, which accelerated India's passenger traffic growth in 2016.

According to the latest data from the Directorate General of Civil Aviation (DGCA), passenger traffic during January-November 2016 zoomed by 23.10 per cent to 90.36 million...Read more

3 Things Every Entrepreneur Should Do Before 2016 Comes To A Close

Start by going back to your initial source of inspiration for your business. For me, the idea for my company, BodeTree, came from the serendipitous moment where I was working on a financial model while reading Ronald Alexander’s “Wise Mind, Open Mind.” Alexander’s classic work on mindfulness and Zen Buddhism helped inspire me to bring Zen to the world of small business finance...Read more

Solar power, green corridor blip on energy radar for 2017Solar power, green corridor blip on energy radar for 2017

NEW DELHI: Green seems to be the catchword for the government heading into the next year as it gears up to achieve 175 gigawatt of clean energy by 2022 through auction of 1,000 MW of rooftop solar power, Rs 13,000 crore investment in solar parks and a Rs 21,000-crore package to boost local manufacturing of panels.

By all yardsticks, 2016 remains a watershed year when solar tariff slumped to Rs 4 per unit and wind projects received a major thrust. The government is set to switch gears in 2017 to make India a hub for one of the largest installations of clean energy sources by 2022...Read more

Embracing Bad Ideas To Get To Good IdeasEmbracing Bad Ideas To Get To Good Ideas

“Can we do one more study?”

I heard top management ask that question many times during the two years I spent working on new products at The New York Times.

It’s a question that’s raised often at many big companies when a new idea is being discussed. In the case of The New York Times, what management was really asking my colleagues and I was: are the three, soon-to-be launched paid products you’ve been working on going to turn out to be any good, or are we wasting our money?..Read more

Govt plans to launch digital payment platforms in new avatarsGovt plans to launch digital payment platforms in new avatars

NEW DELHI: The Centre plans to breathe new life into two key initiatives that can help further its aim of transforming India into a digital economy. The United Payment Interface (UPI) and Align | Delete Unstructured Supplementary Service Data (USSD) will soon be launched in new avatars that will make it easier for consumers to transact digitally either with or without an Internet connection.

In a week's time, a new strippeddown, easier-to-use application for UPI will be launched, that among other things will feature a single app that users can download to transact across multiple banks. Also being launched is an upgraded, feature-rich version of USSD platform, which enables banking through feature phones...Read more

5 questions to help you lead better next year

This is the time of year when it’s really tempting to look forward and outline plans that will make 2017 a banner year for your organization.

Setting new goals and establishing the strategies and budgets that you’ll need to achieve them is a reasonable place to start. Another important leadership action is spending time taking stock of 2016, so you can review what you’ve learned from the pivotal moments and...Read more

GST seems all set to go down to the wire

The Goods and Services Tax (GST) Council has approved the draft Central GST and State GST laws. There is agreement, if not consensus, on compensation as well: instead of limiting the states’ compensation to the proceeds of cesses on sin goods, states want funds to be drawn from other sources as well.

The worry is that the demonetisation-induced slowdown would hurt the revenues of state governments and they would actually need compensation from the Centre to make good anticipated revenue gaps. However, the issue of dual control and draft of the Integrated GST law still elude agreement, regrettably...Read more

IDFC Bank launches aadhaar-linked cashless merchant solution

NEW DELHI: IDFC Bank today announced the nation-wide launch of aadhaar-linked cashless merchant solution that uses a retailers' smartphone to enable digital payments. Aadhaar Pay, launched by the government today, has been developed by IDFC Bank in association with Unique Identification...Read more

Small Ways to Embrace Disruptive Innovation

Most companies recognize the threats that "disruption" poses to their business. But few see the opportunities in disruptive innovation, much less set aside the time and investment required to pursue new thinking. Lack of vision or a complacent "if it ain't broke …" culture can be to blame. Besides, focusing company resources on disruptive innovations can be time-intensive and costly, and...Read more

Tata Steel to acquire BRPL at enterprise value of Rs 900 crore

KOLKATA: Tata SteelBSE -1.64 % has struck a deal to acquire 100% equity in Odisha-based Brahmani River Pellets (BRPL) at an enterprise value of Rs 900 crore, even as the Tata group and Cyrus Mistry air their differences before shareholders and on legal fora...Read more

Is Your Business Worth Saving?: A Step-by-Step Guide to Rescuing Your Business and Your Sanity

If you’ve poured your heart and bank account into your business but are struggling to make your numbers, drowning under a million unfinished plans, or stressing over every last detail, you may not know the answer to the question...Read more

How to Define Your Corporate Identity

Having a clear sense of who you are will help you grow coherently, and outpace the competition. For further insights, read “Pulling the Triggers That Pull Companies"...Read more

Challenges and opportunities for CEOs

This infographic from The Future CEO Special Report, highlights the challenges and opportunities that CEOs will face over the next two years. The graphic reveals growth is the top strategic priority for the majority of CEOs, followed by customer care and company culture. Meanwhile, the graphic highlights the most important skills for a CEO in a modern business which include innovation, technology and agility...Read more

The “Business in Society” Imperative for CEOsThe “Business in Society” Imperative for CEOs

The contemporary CEO must not only be expert at addressing the commercial verities of products, markets, and competitors. She must also have the experience and capability to address business-in-society issues—legislation, regulation, investigation, enforcement and litigation — that now create risk and opportunity in all dimensions of corporate activity.

Recent global developments underscore the importance of these societal issues. The U.S. presidential election and the transition present a confusing (and confused) mix of pro-business and anti-business themes...Read more

Sun Pharma to acquire oncology product from Novartis for $175 mn

NEW DELHI: Drug major Sun Pharmaceutical IndustriesBSE -0.85 % today said it it will acquire a branded oncology product, Odomzo, from NovartisBSE -1.04 % for an upfront payment of $ 175 million.

The agreement has been signed between subsidiaries of both the companies and will close following anti-trust clearance and further closing conditions, the Mumbai-based company said in a statement.

The agreement has been signed for an upfront payment of $ 175 million and additional milestone payments, it added.

"Odomzo gives us an opportunity to meaningfully expand our already established branded dermatology business and support our expansion into branded oncology with a launched brand," Kirti Ganorkar, Global Head Business Development at Sun PharmaBSE -0.85 %, said...Read more

The 5 Skills That Innovative Leaders Have in CommonThe 5 Skills That Innovative Leaders Have in Common

Innovation is critical in a knowledge economy — driving growth, new products, and new methods of delivering value to customers. According to PwC’s 2015 study on Global Innovation, U.S. companies spend $145 billion dollars in-country on R&D each year. And yet, despite its importance, innovation is a difficult quality to cultivate both in leaders and in organizations. In Conference Board’s 2015 CEO Challenge study, 943 CEOs ranked “human capital” and “innovation” as their top two long-term challenges to driving business growth. This is a key talent challenge for most organizations, and a talent gap that needs to be closed, starting at the top – with the role of the CEO...Read more

Government convenes meeting with airlines to discuss GAGAN system Government convenes meeting with airlines to discuss GAGAN system

NEW DELHI: With the domestic airlines not showing any keenness to avail the over Rs 700-crore GPS-Aided Geo Augmented Navigation (GAGAN) system even after nearly 18 months of its official launch, the Government would now hold discussions with all stakeholders for its mandatory enabling.

Aviation regulator, Directorate General of Civil Aviation (DGCA) has convened a consultation meeting with all stakeholders including airlines here tomorrow to discuss the issue.

GAGAN system, which is said to make airline operations more efficient and cut down costs as it reduces separation between aircraft, increase air safety and fuel efficiency, was officially launched by Civil Aviation Minister Ashok Gajapathi Raju in July last year...Read more

How CEOs Can Make Smart Strategic Trade-OffsHow CEOs Can Make Smart Strategic Trade-Offs

One of the challenges of being a CEO is that you rarely are asked to choose between a wrong or right answer. Instead, chief executives are often presented with two “right” answers, but one is slightly worse. Strategy, after all, is about tradeoffs — choosing where to focus. At the strategic level, picking a slightly better option can create tremendous value. Pick the slightly worse one and the consequences can be far reaching.

CEOs should actively manage five specific tensions in today’s complex global business environment:..Read more

Coca-Cola plans to get digital ready
Coca-Cola plans to get digital ready

NEW DELHI: In a move that will help Coca-Cola sell its products through an online platform, the company has created a new function called Franchise Capability & Business Transformation. This is aimed at beefing up supply chain, technology and processes at its franchise bottlers to make them future ready for digital selling.

Sameer Wadhawan, currently VP, human resources at Coca-Cola India, will spearhead the function. Manu Narang Wadhwa, who joins the Coca-Cola from American Express, will take over Wadhawan's role. This will make her the first female HR head at Coca-Cola India in around 15 years...Read more

Demonetisation gives a boost to banks, fintech companiesDemonetisation gives a boost to banks, fintech companies

Ever since the central government’s November 8 announcement to replace Rs 500 and Rs 1,000 notes with new ones, the term ‘demonetisation’ has become synonymous with images of thousands making a beeline at bank counters to exchange old notes, even as ATMs are being recalibrated to disburse new ones.

The flow and usage of currency have been hurt due to a shortage of new Rs 500 notes even as Prime Minister Narendra Modi’s sudden move eliminated nearly 86 percent of the currency in circulation. The government’s aim was to attack counterfeit cash (which is allegedly being used to fund terror activity) and clean up the ‘black money’ in the system...Read more

Artificial Intelligence Could Give Managers Half of Their Time Back

Here's what they should focus on. For more, read "How Artificial Intelligence Will Redefine Management"...Read more

Govt announces cash prizes to incentivize digital payments

Here is a look at the prize monies the govt has announced for consumers and merchants to encourage transitions through digital payments...Read more

The Book of Leadership and Strategy: Lessons of the Chinese Masters (Paperback, Thomas Cleary)

In "Seven Strategies of Assessment Learning," author Jan Chappuis gives K to 12 classroom teachers an incisive look at seven practical strategies structured around three essential questions--Where am I going? Where am I now? and How can I close the gap? Complete with research-based recommendations about assessment practices for improving student achievement, the book is sequenced to help teachers easily weave formative assessment practices into daily teaching and assessment activities at all levels...Read more

How to Think About Building Your LegacyHow to Think About Building Your Legacy

As a leader, leaving a great legacy is arguably the most powerful thing you can do in your career and life because it enables you to have influence well into the future – even after you are out of the picture yourself. It’s key to optimizing your impact on your organization and its people. Legacy building in business contexts can take the form of working to ensure the long-term viability of the organization and leaving it stronger, more productive, and more valuable than it was before. Or, in more dramatic scenarios led by entrepreneurs, creating an entirely new organization. Thinking about your legacy is also a great way to ensure that you are taking into account the long-term perspective of your organization and resisting the temptation to make myopic decisions that are overly focused on short-term gain...Read more

Digital payments up 300% post demonetisation

Till the time availability of cash becomes easier, both the government and digital payment companies expect a surge in such transactions. According to government data, the number of daily transactions through e-wallet services has shot up from 17 lakh -recorded on November 8 when demonetisation was announced -to 63 lakh as on December 7...Read more

Behaving your way to servant leadershipBehaving your way to servant leadership

I’m a product of the corporate power model.

After graduating from college, I entered into the corporate world and embraced the command-and-control leadership model; in fact, I made it the most important priority in my life. At 25, I was pushed into the senior finance role in my division as “controller.”

I had a real desire to succeed, and because I drove a company car, had a senior leadership role in a company, and was empowered to direct others’ actions, I thought I’d arrived. I literally sacrificed everything in my life for that job...Read more

How many great leaders or 

influential bosses have you worked for?How many great leaders or influential bosses have you worked for?

SmartPulse -- our weekly nonscientific reader poll in SmartBrief on Leadership -- tracks feedback from more than 210,000 business leaders. We run the poll question each week in our e-newsletter.

How do you deal with making difficult decisions?
I make them immediately the best I can: 46%
I delay and hope they go away or get easier: 12%
I push the decision off to someone else: 1%
I have my team make the decision with me: 30%
I deal with them some other way: 11%...Read more

VWhy CEOs Should Commit to Many 

Small Battles Instead of a Single Big OneWhy CEOs Should Commit to Many Small Battles Instead of a Single Big One

If you are the CEO of a large, established company, you should be able to enjoy the benefits of size, including the ability to learn from a broad, longstanding customer base. With more customers to seek feedback from, your firm should be able to detect changes in the market faster than smaller competitors. And with size comes the resources to deliver what the market wants.

But that may not feel like your reality. Too often, large size becomes a hindrance. Insurgents swarm and thrive by targeting customers that your company consistently underserves. The younger firms seem to excel in speed, experimentation and delivering a steady stream of innovation. Meanwhile, inside your offices, internal issues constantly steal attention from customers’ needs. Your senior executives spend more time negotiating among departments and internal functions. Innovation gets handled centrally, far from the front line. Customers are neither involved in the process nor, in some cases, even welcome...Read more

The World's 10 Most Powerful CEOsThe World's 10 Most Powerful CEOs

FORBES' 2016 ranking of The World's Most Powerful People is a who's who of global influencers. From Russia's pugnacious president (No. 1) to billionaire political donor Charles Koch (No. 31), just 74 individuals made the final cut.

This year, 28 list members serve as chief executives of major companies, helming businesses worth trillions of dollars altogether. The top ten of those CEOs—all of whom are American—run firms with a combined market cap of $3 trillion.

Topping the list is Larry Page, CEO of Alphabet, the recently created parent of Google worth more than $500 billion. Alphabet subsidiaries are at the cutting edge of everything from AI to healthcare, but Page is also using his personal fortune to fund ambitious projects, reportedly including two flying-car startups...Read more

Vodafone India to launch payments bank by MarchVodafone India to launch payments bank by March

NEW DELHI: Vodafone, the country's second largest telecom operator, will launch its payments bank within three months, Sunil Sood, managing director, Vodafone India told Business Standard.

Sood said that the company is in final stages but it hasn’t applied for the final license yet. "Our plan is on track for launch by March,” he added.

The telco already has an in-principle approval from the Reserve Bank of India for a payments bank.

In August last year, RBI gave the in-principle license for opening a payments bank to 11 entities; of these, three have decided not to proceed, on profitability concerns...Read more

Discover The Business School Classroom Of The FutureDiscover The Business School Classroom Of The Future

What if HBS in fact stood for Harvard Building Site? The appetite from benefactors to leave a legacy in their name sees the business school dean Nitin Noria regularly wielding a spade to break the ground on new facilities as part of a campus built on philanthropy.

Tata Hall, named in honor of Ratan N. Tata, who served as chairman of one of India’s largest business conglomeratres, Tata Group, is a recent example – a glass and brick building that includes residential space and classrooms with panoramic views of the Charles River. It has been joined this summer by the Ruth Mulan Chu Chao Center, ­a gift from the Chao family that acts as a hub for executives, faculty and MBA students...Read more

4 innovation lessons from the world of architecture4 innovation lessons from the world of architecture

Architects and business innovators couldn’t be further apart, right? Actually, they’re more alike than you think. Terms like blueprint, wireframe, and build can all apply to entrepreneurial endeavors just as much as the design of a towering skyscraper.

Entrepreneurs may build with ones and zeros instead of bricks, but the end goal is the same: to influence human behavior through planning. For architects, they may be guiding pedestrians off the grass and onto a cement path. For entrepreneurs, they’re guiding consumers toward purchasing a product or service.

In fact, leaders can learn quite a bit by approaching innovation through these architectural practices:..Read more

Govt to bring new scheme to boost electronics manufacturingGovt to bring new scheme to boost electronics manufacturing

NEW DELHI: The IT and electronics ministry will take a reworked flagship incentive scheme for electronics manufacturing to the Cabinet for approval in the next few days, with an aim to boost local production, a top official said.

"We are reworking on MSIPS (Modified Special Incentive Package Scheme) that has to go to the Cabinet in next few days with an objective to fast-forward investments and incentives, simplify disbursement and also to rationalize categories," IT Secretary Aruna Sundararajan said at an industry event Monday.

M-SIPS (Modified Special Incentive Package Scheme) was launched in July 2012 for a three-year period and was revised to include white goods manufacturers and was extended till 2020...Read more

Four Business Models for the Digital Age

Digitization, which is of course happening all around us, is opening up a whole new spectrum of opportunities to create value. But how do you navigate this new horizontal world?

Peter Weill and Stephanie Woerner offer some useful insights on these challenges in their 2015 Sloan Management Review article, “Thriving in an Increasingly Digital Ecosystem.” In exploring these insights, and some of their implications, leaders can gain a fuller understanding of the landscape they face...Read more

Soon, bots will assist you in banking

PUNE: Silicon Valley-based artificial intelligence company Payjo is set to launch banking bots in India in collaboration with Yes Bank and RBL.

The company has signed deals with the two banks and is in talks with other public and private sector banks to launch banking bots or robots by early next year, CEO Srinivas Njay said...Read more

How to Discover Your Company’s DNAHow to Discover Your Company’s DNA

The term “company DNA” is sometimes used as a shorthand for an organization’s culture and strategy — a metaphor for what makes it unique. But there may be more to the metaphor. Understanding your company’s DNA can help you know what you can and can’t do, and how to achieve agility and authenticity in a changing world.

We know from biology that DNA contains the instructions an organism needs to develop, function, and reproduce. It is formed at conception and does not change. However, the same DNA can express itself in different ways based on one’s environment. It’s the reason identical twins have different fingerprints. In this process, called “expression,” the instructions in the DNA are turned into proteins and other cellular products...Read more

How the Most Emotionally Intelligent CEOs Handle Their PowerHow the Most Emotionally Intelligent CEOs Handle Their Power

Most of the CEOs I’ve met and worked with had years to prepare for their jobs. As they entered middle management, most of them learned that being a good leader is more important than being a good do-er. Many have stories to tell about stumbling along the way, about micromanaging people, about destroying a team’s morale with unreasonable demands, about losing a great team member because enough time and attention weren’t given to the relationship.

Most survived these types of difficult experiences and, more important, learned from them. They learned to let go of control and instead support people in doing their jobs. They learned to watch their teams for signs of burnout and rebellion. They learned to help people work smarter, not harder...Read more

The Neuroscience of Strategic LeadershipThe Neuroscience of Strategic Leadership

Have you ever had a difficult executive decision to make? This is the kind of decision where the best options aren’t obvious, the ethics aren’t clear, and the consequences could affect hundreds of people or more. How do you figure out the right thing to do? More importantly, how do you develop the habit of making better decisions, time and time again, even in difficult and uncertain circumstances?

Neuroscientists and psychologists are beginning to learn what happens at moments of choice inside the human mind (the locus of mental activity) and the brain (the physical organ associated with that activity). If you understand these dynamics and how they affect you and those around you, you can set a course toward more effective patterns of thinking and action. You can replicate those beneficial patterns, at a larger scale, in your organization...Read more

The Importance of Fitness in Running a CompanyThe Importance of Fitness in Running a Company

A healthy lifestyle and a healthy dosage of outdoors have a lot of unfathomable advantages. It keeps one motivated, punctual, active and inspires new ideas and creativity. One puts in more concentrated efforts and active time and mind to work which ultimately helps in the growth of an individual and the organization. These positive vibes end up inspiring colleagues to follow in the same footsteps and become leaders.

According to Yashish Dahiya, Founder and CEO of PolicyBazaar said, “Fitness is extremely important for the overall growth of an individual. If you want to fare well as a professional, you need to be high on energy and have a positive attitude in life and towards your work. Sports teach you this and teach you to never give up...Read more

KKR-Canada pension consortium leads race to buy Bharti Infratel

MUMBAI: A consortium of buyout private equity specialists KKR and pension giant Canada Pension Plan Investment Board (CPPIB) have emerged as the strongest contender to take over Bharti Infratel, India’s largest listed wireless tower owner after the two week long deadline for exclusive talks with another Canadian financial powerhouse Brookfield Asset Management Inc. ended inconclusively last Friday, said people involved in the matter...Read more

7 Tenets of a Good CEO Succession Process7 Tenets of a Good CEO Succession Process

Perhaps no single factor has a greater impact on a company’s future — for better or worse — than the selection of a new CEO. Choosing a CEO is a high-stakes proposition, arguably the most important decision a board can make.

While some situations demand outside successors — such as a turnaround or a discontinuous shift in the industry and strategy – we believe that internal candidates remain the future CEOs-of-choice. And keeping pace with innovation in an increasingly complex, continually morphing business environment requires a new sort of leader — one who can build complex social networks and tap the “latent innovation” of the organization and its business partners. Not surprisingly, the edge often goes to someone who is a known quantity, who is respected by the organization and the larger ecosystem in which it operates...Read more

Want an Innovative Culture? Be Kind to Your Creative Thinkers

Bottom Line: Companies with employee-friendly policies produce more patents, which shareholders highly value and result in long-term financial benefits.

For large companies, innovation is essential. Introducing new products or services is a key driver of long-term economic growth and, ideally, a distinct competitive advantage. But successful innovation requires human capital, that most precious of resources — and keeping talented researchers and engineers happy and productive is no easy task...Read more

100 banks join National Financial Switch network as direct members

MUMBAI: National Payments Corporation of India (NPCI) today said 100 banks have joined the National Financial Switch (NFS) network as direct members...Read more

Ready To Scale Your B2B Service? 5 Signs You've Nailed Your Business ModelReady To Scale Your B2B Service? 5 Signs You've Nailed Your Business Model

We often hear about how we need to first nail our products and services before we attempt to scale or expand our business (Nail It Then Scale It by Furr and Ahlstrom). But how can we know when we have sufficiently nailed our business model? Here are five factors that can help position your company for expanded future sales.

Ease of application. Many companies have been formed around great ideas that are just too difficult for customers to implement. Your job as an entrepreneur is to remove as much friction as possible, and make the customer experience simple and enjoyable...Read more

Good Bosses Switch Between Two Leadership StylesGood Bosses Switch Between Two Leadership Styles

Think back to the last team project you participated in at work. How did the person running the project lead the group? Did they lead by presenting a plan and using their authority to insist that others follow along? Or did the person instead lead by explaining why a particular course of action seemed like the best one, allowing others to willfully get on board?

These two leadership styles, which I and other researchers refer to as dominance and prestige, respectively, reflect two fundamental strategies people use to navigate their way through social and organizational hierarchies. Leading through dominance means influencing others by being assertive and leveraging one’s power and formal authority...Read more

India to overtake US as world's largest e-commerce marketIndia to overtake US as world's largest e-commerce market

NEW DELHI: The Indian e-commerce market is set to overtake the US and become the second largest in the world in less than two decades, going head-to-head with China for the numero uno position, according to a report by global payments firm Worldpay.

The report said the e-commerce market is expected to grow exponentially with emerging markets leading the charge -- particularly India, where the segment is predicted to mature by 28 per cent per year from 2016 to 2020

"According to Worldpay projections, India will be the world's second largest e-commerce market by 2034, thanks to massive surges in internet penetration, a swelling millennial population and the rising uptake of mobile phones," it added...Read more

How The CEOs Of FORBES' Next-Billion Dollar Startups Stay On Top Of Business: 17 Productivity Tips For 2017How The CEOs Of FORBES' Next-Billion Dollar Startups Stay On Top Of Business: 17 Productivity Tips For 2017

We asked the founders and CEOs of fast-growing companies one question: What’s one life-hack or routine that keeps you productive and/or organized as a startup CEO?

Losing control of your team, workload -- or even your inbox -- can make any entrepreneur feel defeated. But sometimes all it takes is a simple new habit to dig you out of that abyss and reel you back into a state of extreme creativity.

That’s why we asked the founders and CEOs of this year’s Next Billion-Dollar Startups list: What keeps you productive and/or organized as a startup CEO?..Read more

Napoleon's Glance: The Secret of Strategy (Nation Books) (Polish, Paperback, William Duggan)

When Napoleon's Glance was first published last spring, former NATO secretary general and now putative presidential candidate Wesley Clark declared, "This is a very important book." In Napoleon's Glance strategist William Duggan shows how Clark, along with ten other important figures in the fields of politics, war and culture, owed their success to coup d'oeil...Read more

From ecommerce to Fintech & Data Analytics, Indian startups are changing From ecommerce to Fintech & Data Analytics, Indian startups are changing

With the likes of Uber, Cofounder Travis Kalanick, Kotak MahindraBSE 0.64 %, Managing Director, Uday Kotak, SEBI, Chairman, UK Sinha and Niti Aayog, CEO, Amitabh Kant among others, the TiE Global Summit scheduled to be held on December 16-17 at New Delhi, promises to be the biggest startup event in the country. In a chat with ET.com, the Chairman Emeritus at TiE Delhi NCR, Former TiE Global Board Member and Co-Founder at Indian Angel Network, Saurabh Srivastava, talks about the importance of the Summit, entrepreneurship in India and the rationale behind holding such an event.

Economic Times (ET): Describe the journey of TiE Delhi-NCR since its formative days? I remember the first TieCon struggled to fill the hall...Read more

Leading in a World Without SecretsLeading in a World Without Secrets

Buried amid the furor of speculation about what results of the U.S. election mean for businesses is a fact that’s getting too little attention, but that CEOs and business leaders will definitely need to adjust to: it’s gotten much harder to keep your company’s secrets. Leaked communications that were presumed private at the time have apparently had a major impact on world events. It’s a trend that was already well underway in business, with hacks on companies like Ashley Madison, and leaks of emails from companies like Sony. We’ve had a tendency to think of these primarily as addressable technical failures. It should now be dawning on us that they also reflect a new reality when it comes to keeping legitimate business secrets, requiring a new mindset and strategies from those leading all kinds of enterprises, especially in knowledge-intensive industries...Read more

Apple reveals autonomous vehicle ambitions to develop self-driving carsApple reveals autonomous vehicle ambitions to develop self-driving cars

Apple has revealed it is investing heavily in autonomous vehicles in a letter asking the government to make it easier to develop self-driving cars.

The company is "excited about the potential of automated systems in many areas, including transportation," Apple said in a November 22 letter to the National Highway Traffic Safety Administration offering Apple's opinion about draft regulations for the sector.

"Apple looks forward to collaborating with NHTSA and other stakeholders so that the significant societal benefits of automated vehicles can be realised safely, responsibly, and expeditiously," the company's director of product integrity Steve Kenner wrote...Read more

The Most (and Least) Empathetic Companies, 2016The Most (and Least) Empathetic Companies, 2016

Empathy has never been in more explicit demand from corporate leaders — particularly after a divisive U.S. presidential election and amid continued economic uncertainty around the globe. As the newly released 2016 Empathy Index demonstrates, empathy, which is about understanding our emotional impact on others and making change as a result, is more important to a successful business than it has ever been, correlating to growth, productivity, and earnings per employee.

The Empathy Index seeks to answer the question: Which companies are successfully creating empathetic cultures? These are the companies that retain the best people, create environments where diverse teams thrive, and ultimately reap the greatest financial rewards...Read more

A Simple Concept: Lead with a VisionA Simple Concept: Lead with a Vision

When it comes to making lasting change in the world through business innovation, the simplest concepts are often the best. I have come to that conclusion after 45 years of work: on the client side with Fortune 500 companies like Gillette; with several successful entrepreneurial ventures; advising businesses globally (primarily at PriceWaterhouse Coopers before it became PwC); and now teaching MBA students and executives at the University of Virginia’s Darden School of Business.

Indeed, I have found that the best way to stretch yourself creatively as a leader is by collecting “nuggets”: short, accessible reminders of what you probably already know but may have forgotten to put into practice. The best nuggets are easy to grasp and to communicate, meaty enough to lead you to pause and reflect, and open-ended enough that you can think of ways to apply them to your own business, or even of changes that would bring them up to date...Read more

Govt wants Aadhaar-enabled payment to replace cards, pins and passwordsGovt wants Aadhaar-enabled payment to replace cards, pins and passwords

The Unique Identification Authority of India has planned to increase biometric authentication capacity through Aadhaar to 40 crore a day from 10 crore to encourage more use of the platform for realising a cashless society.

The government is concurrently working on developing a common mobile phone app that can be used by shopkeepers and merchants for receiving Aadhaar-enabled payments bypassing credit and debit cards, pin and password.

Through this mobile application, the handset will be used for authenticating biometrics of customers making Aadhaar enabled payment.

UIDAI will eventually increase its biometric authentication capacity to 40 crore, UIDAI Chief Executive Officer Ajay Bhushan Pandey told reporters here...Read more

Textile machinery industry to touch Rs 35,000 crore in 5 yearsTextile machinery industry to touch Rs 35,000 crore in 5 years

MUMBAI: The size of domestic textile machinery industry is poised to hit Rs 32,000-35,000 crore in the next five years from the present Rs 22,000 crore on the back of government initiatives like 'Make in India', an industry member said today.

"The textile machinery manufacturing section is one of the important segments of the industry in India," India International Textile Machinery Exhibitions Society Chairman Sanjiv Lathia told reporters here.

"With the Government's initiatives like 'Make in India' and incentives for manufacturing sector, we expect the size of India's textile machinery industry to touch Rs 32,000-35,000 crore in the next five years from the present Rs 22,000 crore," he added...Read more

Why Top Management Should Listen to Activist InvestorsWhy Top Management Should Listen to Activist Investors

Activist investors who expect to raise returns by influencing strategic decisions are having a meaningful impact on many industries from consumer-packaged goods to aerospace and defense. And the odds that your company, or industry, may find itself targeted by an activist are going up. Activists launched 159 campaigns in 2015 focused on shareholder value maximization, nearly double the 88 that were launched the year before. If you are a senior executive in a company concerned about activists, you have two potential paths: take the defensive (and perhaps expected) posture of defending your current strategy, or embrace the challenge and reassess your company’s path to value creation...Read more

Four India-born CEOs make it to Fortune listFour India-born CEOs make it to Fortune list

NEW YORK: Four leading India-born CEOs including Microsoft's Satya Nadella and Mastercard's Ajay Banga who delivered big in taking their companies ahead have featured in Fortune's Businessperson of the Year list topped by Facebook founder Mark Zuckerberg.

Nadella has been ranked fifth among 50 global corporate heads by Fortune Magazine in its annual 'Businessperson of the Year' compilation, followed by CEO of Milwaukee-based maker of water heaters A O Smith Ajita Rajendra on the 34th spot, HDFC Bank's Managing Director Aditya Puri on the 36th position and Banga on 40th...Read more

Delhi pips Mumbai as India’s economic capital

Businesses, it seems prefer Delhi as a base as compared to Mumbai. Reason: Mumbai’s high cost of land and skilled labour make it difficult to attract investment...Read more

3 Messages Leaders Listen for in Silence3 Messages Leaders Listen for in Silence

Effective leaders know that the art of communication is as much about listening as it is about talking. But to really master this art, leaders must learn to listen to, and interpret, silence as much as they listen to words.

If you’re going to really understand what is happening with your team and with your organization it is vitally important that you learn to pay attention to silence, and to understand what the silence means.

As a starting point, here are 3 messages that silence could be telling you…Read more