India to have 1 billion unique mobile subscribers by 2020India to have 1 billion unique mobile subscribers by 2020

NEW DELHI: India is expected to have nearly 1 billion unique mobile subscribers by 2020 up from 616 million such users in June 2016, according to a latest report by global industry body GSMA.

The report also projected a spike in adoption of 4G services in the country, saying the number of 4G connections would grow to 280 million by 2020 from just three million at the end of 2015.

"...at the end of June 2016, 616 million unique users had subscribed to mobile services in India, making it the second-largest mobile market globally, with almost 1 billion unique mobile subscribers expected by 2020," the report 'The Mobile Economy: India 2016' said...Read more

Make Strategic Thinking Part of Your JobMake Strategic Thinking Part of Your Job

It’s a common complaint among top executives: “I’m spending all my time managing trivial and tactical problems, and I don’t have time to get to the big-picture stuff.” And yet when I ask my executive clients, “If I cleared your calendar for an entire day to free you up to be ‘more strategic,’ what would you actually do?” most have no idea. I often get a shrug and a blank stare in response. Some people assume that thinking strategically is a function of thinking up “big thoughts” or reading scholarly research on business trends. Others assume that watching TED talks or lectures by futurists will help them think more strategically.

How can we implement strategic thinking if we’re not even sure what it looks like?..Read more

Live With Purpose: Creating Positive, Lasting Change

Live With Purpose has “an important message for the business world and their leaders.” Nathalie Virem reveals how by aligning your life and business purpose, you have the ability to make...Read more

How the Very Best Strategists DecideHow the Very Best Strategists Decide

When it comes to setting strategy, which is more effective: one great thinker or a wise crowd?

To find out, I turned to my ongoing Top Pricer Tournament, in which 884 people — managers, consultants, professors, students — make pricing strategy decisions for a generic business competing against other generic businesses. The decision options available to each person work out to 14,739 possible strategies in each of three generic industries.

About half of the 884 strategies entered in each industry were chosen by two or more people; some were picked by two dozen. We’ll call these the popular strategies. The other half were chosen by only one per­son. They are the loner strategies...Read more

Starting with a PauseStarting with a Pause

Businesses of all kinds are mired in a crisis of trust. Whether it’s the exposure of embarrassing corporate details stemming from a hack initiated in Asia; the revelation that a company has systematically misled its customers, subverted regulators, or made unreliable claims to patients; the release of sensitive financial documents through WikiLeaks or the Panama Papers; or any one of many other cases, the general public is seeing in fine-grained detail the innermost workings of business institutions. They are discovering, often for the first time, the unfiltered attitudes and mind-sets of the leaders who run big enterprises. For a variety of reasons — including the incentives they have been given by their boards of directors, the demands of shareholders, and the general pressure of day-to-day expedience — leaders are swayed by the allure of short-term gains over the pursuit of long-term success...Read more

Managing Multiparty InnovationManaging Multiparty Innovation

On an October morning in 2015, inside an aging beer factory in the Tempelhof neighborhood of Berlin, a group of people assembled amid idle machinery in the hope of transforming their respective industries with a novel approach to innovation. Standing shoulder to shoulder around oil barrels converted into temporary tables were innovation mavericks and senior executives at large established companies—Airbus, DHL, Caterpillar, and Cisco...Read more

MakeMyTrip-Ibibo mergerMakeMyTrip-Ibibo merger

MakeMyTrip Ltd, widely seen as India’s top online travel booking service provider, has reached an agreement to buy rival Ibibo Group, consolidating its position in the world’s fastest growing major smartphone market.

Nasdaq-listed MakeMyTrip, founded by entrepreneur Deep Kalra, will acquire all of Ibibo Group from its investors including South African internet and technology 0company Naspers Ltd and China’s Tencent Holdings Ltd In exchange, Ibibo’s investors will get shares giving them control of about 40 percent of the combined entity, MakeMyTrip said in a press release on Tuesday...Read more

5 ways to be productive 'on the bench'

It is important for employees to stay on top of new trends and technologies through constant reskilling and training. "Make use of the company's training opportunities through online sessions and courses, enablement videos and knowledge sharing," says Richard Lobo, head of HR at Infosys...Read more

Reliance forays into LPG retailingReliance forays into LPG retailing

NEW DELHI: Reliance IndustriesBSE -0.08 %, operator of the world's biggest oil-refining complex, has forayed into cooking gas retailing, launching a 4-kg LPG cylinder on pilot basis.

"Four-kg LPG cylinder launched in 4 districts on pilot basis," RIL said in an investor presentation on second-quarter earnings.

LPG consumption is growing by over 10 per cent and private refiners RIL and Essar OilBSE -0.15 % want a pie of it.

Currently, public sector retailers Indian OilBSE 0.93 %, Bharat Petroleum and Hindustan PetroleumBSE 1.42 % control retail LPG market, selling cooking gas in 5-kg, 14.2-kg and 19-kg cylinders...Read more

Drilling for New Sources of GrowthDrilling for New Sources of Growth

For the past few decades, economic diversification has been high on the agenda of all the countries in the Gulf Cooperation Council (GCC): Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). Even before oil prices dropped in mid-2014, their leaders recognized that their economies relied too heavily on the oil and gas industry. Nonetheless, although the share of non-oil GDP has steadily increased in each of these countries, their exports and government revenues remain concentrated on oil and gas. Returns from these sources have long funded spending on infrastructure and social services and paid public-sector wages. The drop in oil prices has thus resulted in a fiscal crunch, adding urgency to the need to transform...Read more

Entrepreneurs: Remember That It's Not Personal, It's Strictly BusinessEntrepreneurs: Remember That It's Not Personal, It's Strictly Business

Entrepreneurship is a deeply personal endeavor that requires dedication, discipline, and passion. For most founders, myself included, there is virtually no separation between the personal and professional.

For me, BodeTree’s successes are my successes, and its failures are my failures. When someone attacks my company, I can’t help but take it personally. Unfortunately, this lack of separation between my personal and professional lives has taken its toll.

Looking back, I can see how my tendency to take things personally has clouded my judgment, led to disappointment and prevented me from taking decisive action when needed. While it’s impossible for truly committed entrepreneurs to maintain the same kind of work/life separation that traditional employees enjoy, it is possible to find balance...Read more

When to Trust Robots with Decisions, and When Not ToWhen to Trust Robots with Decisions, and When Not To

Smarter and more adaptive machines are rapidly becoming as much a part of our lives as the internet, and more of our decisions are being handed over to intelligent algorithms that learn from ever-increasing volumes and varieties of data.

As these “robots” become a bigger part of our lives, we don’t have any framework for evaluating which decisions we should be comfortable delegating to algorithms and which ones humans should retain. That’s surprising, given the high stakes involved...Read more

How Insurtech Is Rapidly Changing Insurance And Health Tech IndustriesHow Insurtech Is Rapidly Changing Insurance And Health Tech Industries

In our recent fintech report “Money of the Future,” we’ve talked about $3 billion in new investments in 2015 in insurtech. Sounds impressive, doesn’t it? Auto insurance companies just in the U.S. spend a total of $6 billion in advertising each year. It means you are a “customer-oriented” and “tech-advanced” company when you are spending twice on advertising more than on real innovators. But several traditional insurance big players – like Chinese giant Ping An – are showing us great examples of how to change your vision in accordance with demands of the new digital era...Read more

India jumps 16 ranks in WEF's Global Competitiveness Index

The World Economic Forum’s (WEF) annual Global Competitiveness Index saw India jumping 16 places in 2016-17—the highest leap by any country. It now ranks 39 among the 138 economies that were surveyed. Switzerland retains the top slot...Read more

When Big Firms Are Most Likely to InnovateWhen Big Firms Are Most Likely to Innovate

Large, established companies get a bad rap for failing to be innovative. Conventional wisdom suggests that these firms are less likely to create path-breaking new technologies. Some argue this is because established firms are less likely to pursue radically new ideas—they get complacent or they don’t want to cannibalize their own success. Others claim that established firms may try to innovate, but are too set in their old ways to succeed.

In our research, we argue that it’s neither reluctance to pursue new technologies nor inability to think in new ways that limits established firms from developing new technologies. Rather, it’s when and where they choose to pursue such innovations that may sometimes be the problem...Read more

India is one of Fortinet's most important emerging marketsIndia is one of Fortinet's most important emerging markets

Fortinet, a global leader in cyber security solutions, recently announced that it is expanding its India operations to further drive the growth of the network security market and strengthen its position in enterprise/infrastructure Wi-Fi solutions. Patrice Perche, senior executive vice president, worldwide sales and support at Fortinet, spoke to Forbes India about the company’s ambitious plan. Edited excerpts:

Q. Tell us about your R&D centre in Bengaluru?
The Fortinet Innovation Centre in Bengaluru is the company’s largest R&D facility outside North America. Its R&D team has influenced Wi-Fi standards, obtained multiple patents and conducted pivotal engineering work to develop Fortinet’s enterprise/infrastructure Wi-Fi solutions. The team at the Fortinet Innovation Centre will develop state-of-the-art algorithms that secure large enterprise networks running mobile and Internet of Things (IoT) devices, and location-based services. We believe that IoT is a big opportunity...Read more

3G, 4G, now 5G: India takes early call3G, 4G, now 5G: India takes early call

NEW DELHI: After playing catchup with the rest of the world in the adoption of 2G, 3G and 4G technologies, the Indian government wants the country to be an early adopter of 5G, which is expected to be commercially rolled out by 2020.

A research team commissioned by the government to work on 5G technology has already filed 100 patents so far — of which around 10 have already been granted.

5G is the fifth generation of wireless networks which are expected to offer not just more speed for end users and also have the capacity to connect the billions of devices like driverless cars and household appliances which will connect to the internet in the near future...Read more

Management Is All in the TimingManagement Is All in the Timing

The pace of business keeps hastening, as advanced technology hypercharges the speed at which data and business opportunities emerge, in addition to increasing the amount and accessibility of those things. Fundamental shifts in market structure have shortened the life cycles of innovation, products, and even executives. CEO tenure in the Fortune 500 has fallen from an average of 11 years in 2002 to six years today. The average life span of a company (pdf) in the Fortune 500 has shrunk from 25 years in 1980 to just 15 today. The end result is a pervasive sense of anxiety and time famine, as both companies and the executives within them struggle to keep up...Read more

IIMB has cutting-edge lessons in entrepreneurship for company foundersIIMB has cutting-edge lessons in entrepreneurship for company founders

Rajiv Srivatsa, co-founder and chief operating officer of online furniture retailer Urban Ladder, holds an MBA degree from the prestigious Indian Institute of Management Bangalore. Part of the institute’s 2002-2004 batch of approximately 200 students, Srivatsa was awarded the gold medal as the best all-round student when he graduated. Over the last 12 years, much has changed for both Srivatsa and IIMB, which was founded in 1973.

“Of course, there are double the number of students,” says Srivatsa, whose four-year-old startup has raised about $77 million in venture capital funding and counts Tata Sons’ Chairman Emeritus Ratan Tata as an investor. Startups have become an integral part of the Indian business ecosystem, and the focus of management education also seems to be veering in that direction...Read more

International Galvanizing Conference to discuss potential zinc market in India

KOLKATA: International Zinc Association in association with Hindustan ZincBSE 1.91 % is organising a two day meet to discuss the potential zinc market, and its possible application in automobiles, railway tracks and construction and infrastructure. What works to its advantage is that steel when coated with a layer of zinc-- referred to as galvanization in industry parlance-- it becomes rust proof or “corrosion resistant”...Read more

Hugh Herr Wants to Build a More Perfect HumanHugh Herr Wants to Build a More Perfect Human

Hugh Herr sits at a table in his austere glass office in the famous Media Lab at the Massachusetts Institute of Technology, scrolling through images of a striking fashion model born without a right forearm. As head of biomechatronics research at MIT and one of the world’s leading developers of wearable robotics, Herr is making a point about how disability is becoming obsolete as the boundary between humans and robots vanishes.

The model, Rebekah Marine, strikes a pose on the runway. She wears a black-and-gold braided asymmetrical dress, a forearm of woven mesh that fits like a long evening glove, and a large metal and polymer hand; her outsized finger joints resemble those in a cartoon drawing of a robot. Next up, there’s Marine in a bathing suit, tossing a mane of silvery hair that coordinates with a silvery sleeve and hand...Read more

Why healthcare will never be the same again with IoTWhy healthcare will never be the same again with IoT

The biggest medical breakthroughs in future will not just happen in laboratories and they will certainly no more be a result of some chance discoveries. Almost every breakthrough that happens will have its foundation built on Data Science & Analytics. With its potential of large-scale outcome analysis, pattern recognition & future prediction – data analytics is winning over intuition and judgmental faculties at an increasing rate, seeking an ideal avenue to facilitate decision optimization. Data Science & Analytics are integral components of Internet of Things (IoT) – gearing up to bring robust technology & agile platforms in the market and creating highly attractive opportunities for the healthcare sector. According to a recent research by MarketResearch.com, the IoT market, just in the healthcare segment is poised to hit $117 billion by 2020 with a CAGR of more than 30%...Read more

How mobile penetration in India will fuel digital payments

In country where a bank account is still a big deal, increasing smartphone penetration and adoption of mobile wallets by small offline merchants is set to grow the Indian digital payments market 10 times says a new report...Read more

Entrepreneurs Make An Earthquake Bag That's Ready For The Big OneEntrepreneurs Make An Earthquake Bag That's Ready For The Big One

Seismologists say the odds of an earthquake of 6.7 magnitude or higher striking Southern California before 2037 are 93 percent, and nearly 100 percent for the entire state. The urgency for preparedness kicked up a notch this month after the Governor’s Offices of Emergency Services issued an alert about recent seismic activity around the San Andreas Fault. They said it might be a wind-up to “the Big One.”

Sandwiched between posts about #EarthquakeAdvisory and #TheBigOne on Twitter and Facebook, I noticed ads for something called The Earthquake Bag, a survival kit with a millennial sensibility, so I ordered one. The bag has everything you could need when everything goes wrong: food, water, a hand-charging flashlight and power source, and medical gear...Read more

Internet of Things and the MSME SectorInternet of Things and the MSME Sector

The term Internet of Things (IoT) brings to mind the stereotypical image of a working woman who triggers the cooker at home as she leaves office to drive back home or a refrigerator which sends a replenishment note to a grocer as soon as it senses some of the frequently required items such as milk or butter are exhausted. Given the numerous possibilities which IoT can inspire, many large product companies have already embarked on programs to build IoT compatibility into their existing or new products.

What is IoT?
The Smartphone as a device of communication is an IoT device and knowingly or unknowingly we have already been using it. IoT enables each device or thing to communicate with other devices or things and perhaps be directed or direct the actions of other such devices...Read more

Electronic products policy will now focus on exportsElectronic products policy will now focus on exports

NEW DELHI: NITI Aayog, the government’s premier think tank, has junked its first dedicated ‘Make in India Strategy for Electronic Products’ and has floated another policy that is more export-oriented and favours developing coastal economic zones.

The previous policy paper had faced opposition from the Ministry of Electronics & Information Technology as well as reservations from other stakeholders mainly because of its domestic focus and its emphasis on semiconductors. “They had floated a policy paper once that never went forward since many people had reservations on it,” a senior ministry official told ET on condition of anonymity. The official added that the ministry is, however, fully supportive of the second draft paper submitted by the think tank...Read more

Leaders Can Shape Company Culture Through Their BehaviorsLeaders Can Shape Company Culture Through Their Behaviors

One business buzzword we hear almost everyday is “culture,” as in, our organization has a “strong” or “innovative” or even a “toxic” culture. But what do we really mean when we say this?

For me, an organizational culture is defined by how people inside the organization interact with each other. Culture is learned behavior — it’s not a by-product of operations. It’s not an overlay. We create our organizational culture by the actions we take; not the other way around...Read more

How SoftBank CEO aims to be biggest tech investorHow SoftBank CEO aims to be biggest tech investor

It turns out Masayoshi Son isn’t ready to retire after all.

Just a year ago, SoftBank Group Corp.’s founder looked poised to fulfill his long-stated plan of stepping aside in his 60’s. He had a global telecom empire, track record of spectacularly successful investments and a bright young successor. Instead, the 59-year-old edged aside his heir apparent, cut the biggest deal of his career yet and revealed on Friday his ambition to become one of the world’s most powerful investors.

SoftBank said it is forming a new fund to put as much as $100 billion in the global technology industry in the next five years, partnering with Saudi Arabia’s public investment fund to find companies that will become influential in the future...Read more

The Future of Business Belongs To The Small GiantsThe Future of Business Belongs To The 'Small Giants'

It seems as though you can’t turn on the television or pick up a magazine without coming across a politician or pundit extolling the virtues of small business and the role it plays in the U.S. economy.

In fact, Forbes is currently on the lookout for some of these amazing “small giants.” It’s easy to see why small business is such a popular topic of conversation. As of today there are about 30 million small businesses in the U.S., 6 million of which actually have employees. These businesses account for over 50% of total U.S. GDP and 75% of the net new jobs in the U.S.

It’s clearly a big deal, but I for one, think that this renewed focus on small business is only the beginning. There is strong evidence to suggest that we’re witnessing the beginning of a major social and economic shift...Read more

The Key to Adaptable Companies Is Relentlessly Developing PeopleThe Key to Adaptable Companies Is Relentlessly Developing People

There are organizations that are great at what they do, that are relentless at it. But it turns out there are very few that are great and relentless at people development. When it comes to preparing organizations for a complex, high-speed future, many people who work in those organizations, or in management science, talk about the imperative for “continuous improvement” in operations. But it is one thing to be relentless about continuously improving the processes by which work gets done; it is quite another – and every bit as necessary – to be relentless about continuously improving the people who do the work...Read more

Schneider to open training centres in 500 districts in India

French company Schneider Electric will open training centres in 500 districts across the country and help set up a Centre of Excellence focused on power, solar and automation sectors...Read more

Robots Will Take Over Asian Workforces, Study SaysRobots Will Take Over Asian Workforces, Study Says

Robots are taking over Asian workforces – at least, that’s what a recent study from Telenor Group says. The company’s “Jobs of the Future” survey included feedback from 4,200 teenagers and young professionals across South and Southeast Asia, and 100% of them believe robots will play a role in the workplaces of the future.

“The advancements in technology are already changing the way we live, work and play,” said Yasu Sato, head of digital capabilities, people development, at Telenor Group. “The future workforce will comprise digital natives who are highly skilled and competitive. With the advancements in technology, advanced robotics and artificial intelligence will influence the evolution of today’s jobs – for example, some of them may not exist tomorrow, some will flourish and new ones may evolve to be commonplace. The future workforce will need to align its skillset to keep up and remain relevant.”..Read more

ZEE to buy Anil Ambani’s Reliance Broadcast NetworksZEE to buy Anil Ambani’s Reliance Broadcast Networks

MUMBAI: Ending months of negotiations, Subhash Chandra-promoted Zee Entertainment EnterprisesBSE -2.81 % (ZEE) has finally reached an agreement with Anil Ambani-owned Reliance BroadcastBSE 0.00 % Networks (RBN) to acquire the latter for an enterprise value of Rs 1,872 crore.

ET had reported on October 4 that the two parties had revived talks and were working on various options for structuring the deal as the biggest issue for ZEE was a 49% foreign investment cap in the radio sector, whereas there’s no such ceiling in non-news television broadcasting.

“It’s a done deal now,” said a highlyplaced source with direct knowledge of the deal. “Both ZEE and RBN have agreed at Rs 1,872 crore as the final price for the radio and television business.” RBN owns private FM brand 92.7 Big FM and two TV channels — Big Magic (comedy entertainment channel) and Big Ganga (Bhojpuri entertainment)...Read more

Ecommerce will be $300 billion market by 2025Ecommerce will be $300 billion market by 2025

NEW DELHI: Small retailers must embrace technology and ecommerce alongside brick and mortar stores, Niti Aayog CEO Amitabh Kant said, while calling for more liberalization so that startups can benefit from foreign investment.

“Ecommerce in India is a $25 billion market right now… I can say with confidence it will become $300 billion by 2025,” Kant said at the India Economic Summit, organised by the World Economic Forum and the Confederation of Indian Industry.

Ecommerce cannot be stopped and is only going to grow stronger, he said. Favouring liberalization of the economy, Kant said that startups can benefit from foreign direct investment inflows...Read more

What Does the Rise of 3D Printing Mean for Global Companies?What Does the Rise of 3D Printing Mean for Global Companies?

It’s long been a lament of astronauts: If only there were pizza in space. So a couple of years ago, NASA awarded a US$125,000 grant to a mechanical engineer to solve the problem. He produced a prototype 3D printer that “prints” layers of food out of powdered cartridges. First comes a layer of dough (cooked via a heat plate at the bottom of the printer); then some tomato powder, water, and oil for a sauce; all topped by a mouthwatering “protein layer.” A 3D-printed pizza has to be at least better than freeze-dried.

If 3D printing can deliver pizza to outer space, what can it do back home? That’s becoming less and less of an idle question as the 3D printer continues to move away from its origins as a bulky, ultra-expensive plaything for hobbyists and early adopters...Read more

The 5 Elements of a Strong Leadership PipelineThe 5 Elements of a Strong Leadership Pipeline

Investments in traditional leadership development are often misguided and a waste of money.

It’s not that development itself isn’t important. In a Deloitte study of 7,000 organizations this year, 89% of executives rated “strengthening the leadership pipeline” an urgent issue. That’s up from 86% last year, and the trend makes sense. Organizations are continuously promoting people into management, and those new leaders struggle with the transition. To help them in their new roles, companies spend almost $14 billion a year on courses, books, videos, coaches, tests, and executive education programs — and such spending rose 10% last year.

But there’s little evidence that much of this works. Barbara Kellerman from Harvard, Jeffrey Pfeffer from Stanford, and numerous other experts have pointed out that the development market is filled with fads — slick behavioral models and fun, engaging tools — that don’t really move the needle...Read more

Headed to a hospital? You may now find robots as your nursing assistants Headed to a hospital? You may now find robots as your nursing assistants

LONDON: The next time you visit a hospital, do not be surprised if you find robots as your new nursing assistants.

Robots can imitate human motions as well as effectively coordinate their actions with humans even with surgeries, a research has found.

It can lead to improvements in safety during surgeries because unlike their human counterparts, robots do not tire and can complete an endless series of precise movements.

However, the goal of the use of technology is not to remove human expertise from the operating room, but to complement it with a robot's particular skills and benefits, the researchers said...Read more

Agreeable vs. Disagreeable CEO: Who Do You Want at the Helm?

An executive’s character traits are linked to certain patterns in a firm’s investments, strategy decisions, and overall performance, a new study finds.

CEOs have wide-ranging influence over their firms. They are charged with plotting a company’s strategic course, helping set the workplace culture, and attracting new talent to the executive suite. Plenty of research exists on how factors such as CEOs’ management styles, experiences, and industry expertise inform their attitudes and behaviors when they are at the helm, which in turn helps determine a firm’s performance. But very little analysis has been conducted on the relationship between a company’s fortunes and another fundamental aspect of a CEO: personality...Read more

The World's Most Valuable Brands

According to the latest edition of Interbrand's annual ranking of the best global brands, Apple once again claims the crown for the world's most valuable brand. Interbrand puts the value of the iconic Apple brand at $178 billions, eclipsing the value of second-placed Google by more than $40 billion...Read more

Like It or Not, You Are Always Leading by ExampleLike It or Not, You Are Always Leading by Example

Even the most sophisticated psychometrics and people analytics have yet to make leadership development more science than art. Competence, character, creativity, and charisma remain difficult qualities to quantify, let alone cultivate. Growing effective leaders is challenging work.

But maybe we’re measuring the wrong things. When entrepreneurs, innovators, and executives describe the kind of leaders they want to be and/or hire, an unhappy truth invariably emerges: The attributes they so admire often aren’t the behaviors they display. Their truisms lack pragmatism...Read more

India is star market for top technology companiesIndia is star market for top technology companies

BENGALURU: India has become one of the fastest growing markets for technology companies. The development is seen as a reflection of both, the country's good GDP growth (relative to that of other countries) and the increasing desire among Indian businesses and the government to adopt new technologies.

In quarterly earnings calls recently, IBM, Cisco, VMware and Accenture have all called out India as their best performing or one of their best performing markets. At an event earlier this month in the US, Michael Dell said India has been a great market for Dell. Late last year, Dell was even more specific, describing India as the company's fastest growing among its ten biggest markets...Read more

Cabinet approves setting up of country's first medical park

NEW DELHI: Giving a push to local production of hi-end medical equipment, the government today gave its nod to PSU HLL Lifecare to sub-lease over 300 acres of land in Chennai to set up the country's first medical devices manufacturing park...Read more

What are the current big concerns of Indian CEOs?

KPMG polled 125 Indian CEOs as part of the India CEO Outlook 2016 to understand their confidence and concerns. Here's what they said...Read more

ET Awards for Corporate ExcellenceET Awards for Corporate Excellence

MUMBAI: There was little discussion on this category, with Nitin Gadkari winning with six votes in his favour against three for the other candidates, and the jury didn’t feel the need for a second vote. The decision wasn’t surprising. The Union minister for road transport, highways and shipping has been a standout member of the Narendra Modi government and he has managed to get many stalled road construction projects moving again.

He has devised a new public-private partnership (PPP) mechanism called the hybrid annuity model. Under this, the government shares the risk of the private sector, encouraging the return of investors who had deserted roads because of policy muddles...Read more

Why Strategy Execution Unravels—and What to Do About It

75% of organizations struggle to implement strategy. Improve your odds of success with this 7-minute video slide deck. To download a customizable version, visit the Visual Library...Read more

Government identifies 150 companies as potential investors for FDIGovernment identifies 150 companies as potential investors for FDI

NEW DELHI: After a high decibel 'Make in India' pitch, the government has now turned to a more targeted approach to boost foreign direct investment (FDI) inflows.

In a first, the department of industrial policy and promotion (DIPP), along with Invest India, has identified 150 companies as potential investors and is meeting their top management teams individually as it seeks to ensure that FDI inflows rise for the fourth straight year.

The idea is to tap companies which are looking to set up shop in India or are eyeing expansion. Recently, a team led by DIPP secretary Ramesh Abhishek met Fiat Chrysler COO Alfredo Altavilla in Italy to address the company's concerns...Read more

India Inc putting CSR money in startup incubatorsIndia Inc putting CSR money in startup incubators

Companies like SAP, Tata Motors and Bajaj Electricals are investing in startups through government-affiliated incubators as a part of their mandatory corporate social responsibility (CSR) spending.

Nearly a dozen companies have shown interest in spending CSR money in incubators at the IITs and IIMs to nurture student startups that can disrupt traditional business models or have a social impact.

In 2014, India became the first country to mandate a CSR spending of 2 per cent of average profits of the past three years for corporations above a net worth of Rs 500 crore or revenue of Rs 1,000 crore or net profit of Rs 5 crore...Read more

Investors Today Prefer Companies with Fewer Physical AssetsInvestors Today Prefer Companies with Fewer Physical Assets

Having physical stuff just isn’t as great as it used to be.

At home, we’re Marie Kondo–ing our way to minimalism, buying experiences rather than things, and using services — Netflix, Spotify, Uber — rather than owning assets such as movies, music, and cars. The companies that provide those services and enable us to share what we have (insights, relationships, assets) with others not only are valued more highly by investors but also are relatively asset-light themselves. Amazon has only a handful of brick-and-mortar stores, Uber doesn’t manage a fleet of cars, and Ebay doesn’t manage a supply chain...Read more

10 Principles of Customer Strategy10 Principles of Customer Strategy

After losing the fourth major deal in a row to a rival, the CEO of a technology solutions company turned to his team leaders to ask what was going wrong. The sales team doesn’t have the right relationships, marketing reported. Our products lack key features, sales replied. The offerings are too expensive, finance explained. None of these answers seemed right. The products were made in the countries where manufacturing was cheapest, had high ratings from analysts, and included new features that people raved about. So the CEO finally called the client and bluntly asked: “Why did you give this deal to our competitor?”

The response: “Your products are great, but your competitor gives me what I’m looking for.” As they talked, the CEO realized that closing this deal — and other deals — didn’t come down only to product price, quality, features, or sales capabilities. The competitor spoke the language of the customer...Read more

Manufacturing PMI eases to 52.1 in SeptemberManufacturing PMI eases to 52.1 in September

India’s manufacturing activity eased slightly in September but continued to improve for the ninth straight month. The slower rate of activity comes on the back of a slower increase in order books.

After growing at the fastest clip in 13 months in August, the widely-tracked Nikkei purchasing managers’ index (PMI) survey showed that PMI was 52.1 in September, slightly down from 52.6 in August, indicating positive momentum in the production sector. The 50-point mark separates expansion from contraction.

However, employment generated by manufacturers continued to be only marginal. One factor contributing to the slowdown in the sector was a softer increase in new business inflows, which had, in August, expanded at the quickest pace since December 2014...Read more

Develop Deep Knowledge in Your Organization — and Keep ItDevelop Deep Knowledge in Your Organization — and Keep It

The best leaders understand that the current success of their business, and any future innovation, depends upon the “deep smarts” of their employees — the business-critical, experience-based knowledge that employees carry with them. Leaders with a passion for developing employees’ skills, and those who understand the need to transfer knowledge among generations of workers, know how important it is to link in-house education to strategic planning.

Take architectural and engineering firm EYP as an example. Leila Kamal, vice president for design and expertise, not only reports to the CEO but also is a member of the board. An architect herself, she brings great credibility and visibility to programs of learning and knowledge exchange...Read more

The 8 Most Prominent Angel Investors In IndiaThe 8 Most Prominent Angel Investors In India

According to a report by the venture debt fund InnoVen Capital, deal activity by angel groups in India has grown significantly in 2016, amounting to Rs 113.7 crores across 69 deals, as compared to Rs 70.3 crores across 47 companies last year. Prof Thillai Rajan, Department of Management Studies, IIT Madras believes this is a trend to cheer, as “the angel network which was absent four to five years ago is strengthening now. Several new investment avenues and platforms are opening up for entrepreneurs who need help converting their ideas into businesses.”

It is not only the Tier I cities that are witnessing this trend. Many established entrepreneurs, High Net Individuals (HNI’s), executives of Indian and Multi National Corporations (MNC’s) and industrialists have come together to form angel groups in smaller towns such as Kanpur, Madurai, Hubballi, Jaipur, Surat and Chandigarh...Read more

Meet professor who has won $500K for his inventionsMeet professor who has won $500K for his inventions

Ramesh Raskar, founder of the Camera Culture research at the Massachusetts Institute of Technology (MIT) Media Lab and associate professor of Media Arts and Sciences at MIT, was recently announced as the recipient of the $5,00,000 Lemelson-MIT Prize

The Lemelson-MIT Prize honours outstanding mid-career inventors improving the world through technological innovation and demonstrating a commitment to mentorship in science, technology, engineering and mathematics (STEM). Raskar is the co-inventor of radical imaging solutions, including Femto photography, an ultra-fast imaging camera that can see around corners, and provide low cost eye care solutions for the developing world...Read more

India fastest riser in the WEF’s Global Competitive Index

India jumped 16 places in the World Economic Forum’s (WEF) 2016-17 Global Competitiveness Index (GCI) to emerge as the highest rising economy. Reasons: Improvement in goods market efficiency, business sophistication and innovation...Read more