Policy interventions behind solar tariff plunge Policy interventions behind solar tariff plunge

NEW DELHI: The government’s policy interventions such as waiver of transmission and wheeling costs have helped solar tariffs plunge, power ministry’s joint secretary Jyoti Arora said at the Economic Times Global Business Summit.

Solar tariffs have plunged below Rs 3 per unit at the latest auction in Madhya Pradesh, but experts were unanimous that the sector is capable of standing on its own feet with policy support from the government...Read more

 

6 Things Every Mentor Should Do6 Things Every Mentor Should Do

As academic physicians, we do a lot of mentoring. Over the course of our careers, and through our formal research on mentoring within and outside of academia, we’ve found that good mentoring is discipline-agnostic. Whether you’re a mentor to a medical resident or marketing manager, the same principles apply. The best mentorships are more like the relationship between a parent and adult child than between a boss and employee. They’re characterized by mutual respect, trust, shared values, and good communication, and they find their apotheosis in the mentee’s transition to mentor. We’ve also seen that dysfunctional mentorships share common characteristics across disciplines — the dark side of mentoring, which we’ll get into later...Read more

Green gas: The power plant that promises to capture all its polluting carbonGreen gas: The power plant that promises to capture all its polluting carbon

Growing up in England after World War II, “all the youngsters like me were obsessed with aircraft,” says Rodney Allam. “I had a picture on my wall of Chuck Yeager when he broke the sound barrier in the Bell X-1, the earliest turbine-driven aircraft.” Those high-powered machines were inspirational. Allam became a chemical engineer and went to work at the UK division of Air Products & Chemicals, based in Allentown, Pennsylvania. There in the 1970s, he became obsessed with an idea: How to capture the carbon-dioxide (CO2) emissions from the UK’s giant coal-burning power plants? He already knew where to put the CO2. BP and Royal Dutch Shell would jump at the chance to inject it into their vast oilfields in the North Sea. Injecting the gas (which acts as a solvent to free up stubborn crude oil) has long been a common practice in West Texas fields, where oil companies tap naturally occurring reservoirs of CO2. But there were none of those in England...Read more

SBI to complete merger of 6 banks in three months

NEW DELHI: State Bank of IndiaBSE 1.91 %, which would start merger process of five associates and Bharatiya Mahila Bank (BMB) from April 1, expects integration to be completed in three months.

"SBI has sought three-month time from RBI for merger. It should be done by that timeframe," SBI Managing Director (national banking group) Rajnish Kumar said here...Read more

How Organizations Can Thrive in the Digital Economy” How Organizations Can Thrive in the Digital Economy

We live in a digital economy: a virtual environment that has changed the rules of doing business and made disruption the norm. It has put customers, not companies, in charge. And it has transformed workforce dynamics as the “born digital” millennials come to prominence in the workplace.

This age is ripe with opportunity. Organizations can now engage with customers and employees like never before, and the virtual environment holds the potential to drive operational efficiencies, save time and money, and open the exploration of new commercial avenues. When it’s far cheaper to build an app than a manufacturing plant, there are greater returns to be gained for significantly lower investment...Read more

Venture capital industry in India is a flourishing oneVenture capital industry in India is a flourishing one

Popular perception about the Indian venture capital and private equity industry would probably suggest that it is a marginal part of the larger capital market in India. But that may not be true anymore. Assuming that the approximately $120 billion of VC and PE funds deployed in India represent an average equity ownership of 40 per cent, the funded enterprises could be as big as 15 per cent, or more of the market capitalisation on the National Stock Exchage (NSE).

On a different dimension, the 4,000-plus enterprises that have been funded by the industry need to be compared against around 1,847 enterprises that have been listed on the NSE over 23 years and 5,500 on the Bombay Stock Exchange have been added over more than 140 years...Read more

Revitalising India's entrepreneurial landscapeRevitalising India's entrepreneurial landscape

The overall health of family businesses has been a key driver of India’s economic growth, and has been an important influence on India’s overall entrepreneurial landscape. As an increasingly globalised business environment dictates trends locally, family businesses—led by new generations of business owners—need to think creatively about business growth and financing solutions that will help them evolve.

We’ve found that second and third generations of business families are often thinking beyond the operations of their businesses alone: They are developing strategies to broaden and diversify views in their boardrooms, and are considering how to make their businesses more international, professional, and effective for new customers...Read more


 

Jaitley introduces GST Bills in Lok Sabha, rates capped at 40%Jaitley introduces GST Bills in Lok Sabha, rates capped at 40%

Finance minister Arun Jaitley on Monday introduced in Lok Sabha four crucial bills required to implement the Goods and Services Tax (GST).

The legislation capped the maximum GST levy at 40%, tweaked the compensation formula while mandating an anti-profiteering authority and jail term for tax evaders.

The four bills moved in the lower house of Parliament are the Central Goods and Services Tax (CGST) Bill, Integrated Goods and Services Tax (IGST) Bill, the Goods and Services Tax (Compensation to States) Bill and the Union Territory Goods and Services Tax (UT-GST) Bill...Read more

Top Entrepreneur Stories To Inspire You In 2017” Top Entrepreneur Stories To Inspire You In 2017

One thing we've learned at Forbes Entrepreneurs is that founders can come from any type of industry, background or age group. Here are stories about entrepreneurs who beat the odds and launched successful companies...Read more




Stop Mindlessly Going Through Your Work Day” Stop Mindlessly Going Through Your Work Day

How often have you looked at the clock stunned because even though you’ve been scrambling all morning, it’s now noon and you have no idea where the time went or what you’ve actually accomplished? There are sound reasons why it’s so hard for us to stay focused — and fortunately there’s research that shows what we can do about it...Read more

 

SpiceJet, Alliance Air, six others to go regional”SpiceJet, Alliance Air, six others to go regional

NEW DELHI: SpiceJetBSE 6.42 %, Alliance Air, and Deccan Aviation in a new livery are among eight companies that have won the bids to start regional flights in India, where crowded railroads and choked roads are still the primary modes of transport linking small towns with metropolitan centers.

The other bid winners in the first phase of the network-expansion programme are India Fly Safe (the Sajjan Jindal Group), TurboMegha (Trujet Brand), Air Odisha, Airlines Allied Services Ltd., and Bharat Aviation...Read more

 

Mobile currency cost should be lesser than that of physical currencyMobile currency cost should be lesser than that of physical currency

“Digital India is a reality and mobile currency is the best way. Mobile currency cost should be lesser than that of physical currency,” Andhra Pradesh Chief Minister N Chandrababu Naidu said, addressing a packed audience at the 12th edition of CNBC TV18’s Indian Business Leader Awards held in Delhi, where visionaries that have led India’s glorious journey from the front from various walks of life were felicitated. He spoke at the panel discussion titled “How can Team India deliver high performance growth.”...Read more

Three Undeniable Truths I've Learned On My Leadership JourneyThree Undeniable Truths I've Learned On My Leadership Journey

Much has been written about what it takes to become a successful leader. There is no shortage of books, courses, and columns like this that purport to share the secrets of success.

If the concept of leadership has been so closely analyzed, scrutinized, and proselytized, why then are good leaders so incredibly rare?

Leadership, like so many things in life, looks simple from the outside. However, reality is far more gruesome, complex, and nuanced than you can imagine...Read more

 

Renewables to be over 60% of India's generation capacityRenewables to be over 60% of India's generation capacity

EW DELHI: Enthused by drop in renewable energy tariff, Power Minister Piyush Goyal today said India's 60-65 per cent of installed power generation capacity will be green energy.

"Going by prices we have discovered, I am inspired to say that 60-65 per cent of India's installed capacity base will be green energy," Goyal said at Take Pride event organised by CII.

He further said, "India's renewable energy programme is a great example of how you can do big by thinking big."...Read more

Rethinking Your Supply Chain in an Era of Protectionism”width=Rethinking Your Supply Chain in an Era of Protectionism

Most U.S. and European companies have spent the past 20 years concentrating more and more of their manufacturing in East Asia to reduce costs by exploiting labor-arbitrage opportunities and address the promise of that rapidly growing market. It’s time for them to rethink their supply-chain strategies. Adjusting to new economic realities as well as political and economic uncertainties will require making their supply chains much more resilient...Read more

Govt aims to attract $62bn investment, to create 17L jobs

The government and its investment promotion agency, Invest India, are in talks with close to 300 companies — both Indian and foreign — to channelize investment of close to $62 billion (over Rs 4 lakh crore). The investments are expected to help create over 17 lakh jobs. Interestingly, investment from Chinese...Read more

India Inc's top icons to be  honoured at CNBC-TV18's India Business Leader Awards 2016-17

India’s most well-known business personalities will congregate at CNBC-TV18’s India Business Leader Awards (IBLA) 2016-17 in New Delhi on Thursday, March 23, 2016, to raise a toast to India’s entrepreneurial spirit.

The 12th edition of the awards, modelled on the prestigious CNBC – Asia Business Leader Awards, will felicitate visionary leaders who have made a stellar difference in their respective spheres, creating that much desired edge above their peers. These leaders have “led India’s glorious journey from the front, setting new standards in terms of growth, scale and market leadership,” CNBC-TV18 said in a statement...Read more

Why CEOs should watch '12 Angry Men”width=Why CEOs should watch '12 Angry Men'

The VP of finance at a large European bank told me that, once, the night before a very important meeting, he happened to watch the 1957 classic 12 Angry Men. The movie, which won an Oscar and stars Henry Fonda, is about a jury that must determine a defendant guilty or innocent based on reasonable doubt. It is a great noir thriller that touches on the power of persuasion, influence, and consensus building, and the finance executive mentioned that these lessons were fresh in his mind when dealing with his boss and colleagues that next day. It was clearer to him how to get people buy-in to the changes he wanted to implement in the company. Upon hearing this, I immediately went back to watch the movie and have been including it in my classes ever since to illustrate effective influence...Read more

How India is harnessing the sun

Here is a look at what different states have been doing to promote renewable energy generation and which offer net and gross metering...Read more

Minding their business: How Indian family businesses survive over time”width=Minding their business: How  Indian family businesses survive over time

At his family business, Dr Prathap Reddy has avoided ambiguity on succession and structure issues from the get-go Image: Vikas Khot

A majority of domestic companies in India —big or small—are run or controlled by a family. The annual Forbes India Rich List is a barometer of how wealth creation and entrepreneurial capitalism is driven by successive generations of a family. There are rare exceptions to that list. For instance, the co-founders of Infosys Ltd, who have stepped out of administrative control and their children are not involved in the running of the company...Read more

Trucks to become smarter with Bharat Stage IV engines”width=Trucks to become smarter  with Bharat Stage IV engines

Trucks are the dumbest things on the Indian roads today, but that would soon be a thing of the past.

Cummins, one of the world’s biggest engine-makers, said the trucks will become smarter from April 1, when Bharat Stage IV (BS IV) emission norms will become mandatory for commercial vehicles across India.

In a conversation with HT on the sidelines of Tata Motors T1 Prima Truck Racing on Saturday, Anant Talaulicar, vice-president of Cummins Inc, and chairman and managing director of Cummins Group India, said, “So far in the BS III regime, the engines are mechanical products. But starting April, they will be electronically controlled. Thus, the BS IV engines will be cleaner, more powerful with better fuel economy and easier to service.”...Read more

Connected cars on the horizon: Is India ready?”width=Connected cars on the horizon: Is India ready?

NEW DELHI: With the internet of things (IoT), artificial intelligence (AR) and machine learning set to define the way Indian enterprises work, "connected" vehicles -- which are to embrace all of these new-age technologies -- is the new buzz in town.

Tata Motors showcased "Tamo Racemo", India's first connected sports car, at the Geneva International Motor Show on March 10...Read more

 

Cabinet clears GST Bills to ensure roll out from July 2017”width=Cabinet clears GST Bills to ensure roll out from July 2017

The Cabinet on Monday approved four draft laws on Goods and Services Tax (GST) needed to implement the country’s biggest tax regime from July 2017.

“The Bills will now be introduced in the Parliament any time this week,” a finance ministry official told Hindustan Times.

The Cabinet, chaired by Prime Minister Narendra Modi, discussed threadbare the four draft legislation--Central GST (CGST), Integrated GST (IGST), Compensation Rule and Union territories GST (UT-GST) Bills--and approved them at a meeting...Read more

Idea Cellular and Vodafone India to merge to create India's largest wireless carrierIdea Cellular and Vodafone India to merge to create India's largest wireless carrier

Vodafone Group has agreed to combine its Indian unit Vodafone India Ltd with Aditya Birla Group’s Idea Cellular Ltd., paving the way for creating the country’s largest — and one of the world’s biggest — wireless providers. Idea, which rose as much as 15 percent in early Mumbai trading, saw some volatility, falling more than 8 percent on Friday’s closing price by 11.20 a.m. local time, as the street sought clarity on the value of the transaction...Read more

Artificial Intelligence to dramatically impact businessesArtificial Intelligence to dramatically impact businesses

Artificial intelligence, regarded as “essential” to competitiveness, will have a dramatic impact on businesses by 2020, according to a study by India’s leading IT services provider Tata Consultancy services.

Focused on the current and future impact of Artificial Intelligence (AI), the seventh Global Trends Study, concluded in June last year, polled 835 leading executives across 13 global industry sectors in four regions of the world, finding that 84% of the companies see the use of AI as “essential” to competitiveness, with a further 50% seeing the technology as “transformative”...Read more

Break Out of Your Managerial Bubble

Hal Gregersen, executive director of the MIT Leadership Center at Sloan School of Management, says too many CEOs and executives are in a bubble, one that shields them from the reality of what’s happening in the world and in their businesses...Read more

Now, generate own power for price of a phoneNow, generate own power for price of a phone

NEW DELHI: Solar panels on the rooftop that produce a kilowatt of power are no longer beyond the reach of ordinary citizens. Such a project will cost around Rs 60,000, even less if the central government's 30% subsidy is factored in. In fact, generating the energy to run two fans and two lights could come at the price of a high-end smartphone.

The investment of around Rs 50,000 on putting up the solar panels would have a payback period of around three years. Till a year ago, generating each kilowatt of solar power cost upward of Rs 90,000...Read more

Robotic process automation: is it really scalable?Robotic process automation: is it really scalable?

There is so much written about Robotic Process Automation, it promises to be the biggest change lever in mid and back office operations seen in the last few years. Indeed, organizations have leveraged this well to derive productivity and quality benefits. Most value propositions refer to productivity i.e. cost take outs which in a benign revenue environment is pretty welcome. That said, I actually sense a drop in the interest levels of the initiative in financial services – initial hype seems to be wearing off, proof of concepts don’t seem to be scaling fast enough and value realizations are slow. What’s going on?... Read more

RCom gets SEBI nod for merger with Aircel

Reliance Communications today said it has received approvals from markets regulator SEBI and the stock exchanges for proposed demerger of its wireless business into Aircel Ltd... Read more

Trai floats paper on ease of businessTrai floats paper  on ease of business

KOLKATA: The Telecom Regulatory Authority of India has sought views from stakeholders on identifying obstacles in the current regulations hindering mergers and acquisitions in telecom sector, along with those complicating allotment, sharing and trading of airwaves. The regulator has unveiled a wide-ranging discussion paper that aims to make regulatory and business environment more comfortable for companies in the sector by simplifying rules...Read more

How Companies Can Champion Sustainable DevelopmentHow Companies Can Champion  Sustainable Development

Given political climates around the world and a new wariness around international cooperation, the private sector could find itself in the hot seat: trying to pick up the slack on big issues from climate change to sustainable development. This demand for taking on a larger role may come not only from advocacy and watchdog groups but also from customers, investors, partners, and employees...Read more

How To Increase Innovation By  Eliminating 'Behavioral Waste

Recently I met a business growth expert in the UK whose philosophy meshes well with my own. Neville Gaunt is the CEO of Mind Fit, which provides business and management coaching to organizations and entrepreneurs. What does it mean to be “mind fit?” As one of its foundational tenets, Mind Fit tests entrepreneurs and executives at all levels for their mental attitudes, which fall into three general points of focus...Read more

FMCG industry likely to grow by over 15% in 2-3 yearsFMCG industry  likely to grow by over 15% in 2-3 years

MUMBAI: The fast moving consumer goods industry, that witnessed a slowdown for the past three years, has a potential to grow by more than 15 per cent over the next 2-3 years if players in the sector focus on improving brand penetration, a recent study revealed.

"India is at the cusp of the FMCG S-curve and there is significant room to grow over the next 5-10 years. A nominal GDP growth rate of roughly 12 per cent over the next three years could signal an FMCG growth by over 15 per cent, depending on player action," the CII-Bain & Company said...Read more

The Problem with Saying “My Door Is Always Open”The Problem with Saying “My Door Is Always Open”

If you are in an influential position, you have probably said words to the effect of “My door is always open.” You likely meant this declaration very genuinely. You might well feel that you are a pretty approachable sort of person and that others feel comfortable coming to you with their issues and their ideas.

This may be true.

But it probably isn’t.

Leaders often have an inflated idea of how easy it is for others to speak honestly to them. Our two-year research study, including interviews with over 60 senior executives, as well as workshops and case studies, illuminates a glaring blind spot: We simply don’t appreciate how risky it can feel for others to speak up...Read more

What An Entrepreneur Can Learn From Theranos

How has this fable affected me?

In the past, I was asked several times by members of my board why I, as CEO, could not attract the same investment and press for our company as Holmes did for Theranos.

Sure, we're working on potentially game-changing technology that could, in the future, change a whole lot in health care. My team has been hard at work proving and perfecting our technology, because we realize that data is king in life sciences...Read more

Forbes India W-Power Trailblazers 2017

Forbes India W-Power Trailblazers 2017

Through the lens: Forbes India W-Power Trailblazers 2017...Read more

HP launches 'Centre of Excellence' to support Digital IndiaHP launches 'Centre of Excellence' to support Digital India

PUNE: Hewlett-Packard today unveiled its first Centre of Excellence (CoE) in India to showcase locally developed solutions that have the potential to digitally transform the country. HP has built this facility in alignment with the Government's Digital India initiative, to offer solutions that solve real life problems with technological innovations.

A part of the company's Digital India Business Unit, the 4,000 square-feet facility aims to showcase multiple solutions for sectors such as education, healthcare, BFSI, and manufacturing. Developed in collaboration with over 25 system integrators, including leading IT software companies, the CoE will be used as a platform to exhibit solutions relevant to Government and businesses...Read more

This Program Uses Lean Startup Techniques to Turn Scientists into Entrepreneurs This Program Uses Lean Startup Techniques to Turn Scientists into Entrepreneurs

When Subra Suresh was tapped to lead the National Science Foundation (NSF), in 2010, he saw that many of the pathbreaking discoveries developed through the agency’s grants weren’t finding their way to the marketplace, so he sought to foster better links between government and industry.

This, of course, was not an entirely new idea. Over the years, there have been numerous efforts, ranging from the Bayh-Dole Act, of 1980, to numerous initiatives to revamp technology transfer offices within government agencies, but nothing really seemed able to speed new discoveries out of the labs and into the marketplace...Read more

India announces new licensing policy to boost oil outputIndia announces new licensing policy to boost oil output

HOUSTON: India today announced an open acreage licensing policy for oil and gas exploration, allowing bidders to carve out areas where they want to drill as the energy- hungry country looks at greater foreign investment to boost output.

The world's third-largest oil consumer will conduct auction of oil and gas blocks under the Open Acreage Licensing Policy (OALP) twice a year, with the first round being held in July this year, Oil Minister Dharmendra Pradhan said here at the influential CERAWeek conference...Read more

Aadhaar payment: Forget debit and credit cards, now pay bills with your thumbAadhaar payment: Forget debit and credit cards, now pay bills with your thumb

The government launched on Tuesday an Aadhaar card-linked payments system that will allow customers to ditch their debit and credit cards and pay using fingerprints.

Aadhaar Pay, a new Android-based smartphone app, will also eliminate the fee charged by private card companies such as MasterCard and Visa. The app is available on Google Play Store.

Merchants must download the app on smartphones connected to a biometric reader. A customer has to enter her Aadhaar number in the app and select a bank for payment. Biometric scans are used as passwords...Read more

India moving to the centre stage of global energy market India moving to the centre stage of global energy market

HOUSTON: India is moving to the centre stage of global energy market and by the early 2020s it will replace Russia as the world's third largest refiner, a top official of the International Energy Agency said.

"That India is moving to the centre stage of global oil and energy markets. It is not only oil. It is coal. It is solar. It is out of the strong growth in the economy and the population growth," Dr Fatih Birol, Executive Director of IEA yesterday told reporters at a news conference on the sidelines of the international oil and gas meet CERAWeek here...Read more

Why Leaders Need To Get SocialWhy Leaders Need To Get Social

Regardless of whether you approve of President Donald Trump's tweets, one thing is certain-he is drawing attention to the power of social media. Over the past five years, the number of CEOs jumping on the social media bandwagon has dramatically increased. Corporate leaders-especially large company CEOs-are finally realizing what their employees and customers already know: Using social technologies to engage with customers, suppliers and their own employees enables companies to be more adaptive and agile.

While the number of social CEOs is on the upswing, more of our company's leaders need to cross over into the social networking realm. For example, a recent Marketingland study found that among the top 100 global brands, only 31 CMOs or top-level marketing execs had active Twitter accounts. Even more surprising, only Apple, GE, HP, Coca-Cola, SAP and IBM have CMOs with 10,000+ followers...Read more

Tech Mahindra to acquire US-based healthcare IT services firm CJS SolutionsTech Mahindra to acquire US-based healthcare IT services firm CJS Solutions

Information technology-giant Tech Mahindra on Monday announced that it has signed an agreement to acquire a US-based healthcare IT consulting company CJS Solutions Group LLC, which does business as The HCI Group.

Tech Mahindra will make an upfront payment of $89.5 million for purchase of 84.7% stake in the company. The balance stake of 15.3% will be acquired over a period of three years, it said in a statement.

The move is expected to strengthen position in healthcare provider space and give access to marquee customers and healthcare consultants, the statement added...Read more

Managing Innovation

Leaders are trained with what we have found to be a certain mindset, a certain way of believing good decision-making happens. What we’ve found is that merely putting them in that role of having the responsibility to allocate resources makes them want to make correct, accurate, good decisions.

They also want to know which creative ideas are the best and how to implement them. These are the big concerns that people tend to have in organisations when they care about making these great decisions...Read more

The World's Most Reputable Companies In 2017The World's Most  Reputable Companies In 2017

For the second year in a row, Rolex has topped the list of the most reputable companies on the planet. The Swiss watchmaker’s retention of the top position comes on the back of strong scores in various categories but most remarkably in the perception of its performance, and products and services.

The ranking, which highlights the top 100 most reputable companies based on feedback collected from some 170,000 respondents familiar with them, is compiled annually by The Reputation Institute (RI), a reputation management consulting firm based in Boston that launched in 1997. Since its founding the firm has offered corporate clients strategies and insights into how they might gauge and improve their reputation among customers in various markets...Read more

Become a More Strategic Leader  by Conveying Strategic Intent

In our new book published by Wharton Digital Press, The Strategic Leader’s Roadmap, Harbir Singh and I offer a 6-point checklist for leading strategically that will help managers strengthen their capacity to develop strategy and to lead its execution. One of the most critical capabilities we highlight in the book is the ability to convey strategic intent.

Whether chief executive or a front-line supervisor, managers at all levels must also be able to communicate the organization’s strategic agenda in ways that are both unambiguous and persuasive, setting forward what is to be sought in the longer run...Read more

India's organised retail market presents a whopping $75 billion opportunity for retailers India's organised retail market  presents a whopping $75 billion opportunity for retailers

BENGALURU: India’s retail market is expected to grow to US$ 1.1 trillion by 2020 on the back of income growth, urbanization and attitudinal shifts. The organized retail sector which is estimated to reach approx. 18-20% of the total sector, by 2020, is growing at a high rate of 20%-25% p.a.

Accordingly, CBRE sees a potential of targeting an organized market of US$ 70-US$80 billion currently, which comprises organised Indian and international retailers who are operating in India or are evaluating entering India...Read more

These Leadership Lessons From The SEAL Teams Are Universal For Any Industry These Leadership Lessons From The  SEAL Teams Are Universal For Any Industry

I’m a big believer in sharing lessons learned. Leadership lessons, lessons in teamwork, lessons in effective thinking are all “things” that are ultimately the dividing line between success and failure, life and death.

Last week I gave a speech on leadership lessons from complex environments, and while the topic was slightly different, the questions afterward were not. The one question people always ask is, “Do you miss it (the adrenaline rush from the SEALs)?”...Read more

A Three-Box Solution   to Managing Innovation

New Book: In The Three-Box Solution, Vijay Govindarajan adapts an ancient Hindu philosophy to balance a company's often competing realities of past, present, and future. The more we can plan for opportunity, the better the possibility of creating a successful future...Read more

Great Companies Obsess Over Productivity, Not Efficiency

Great Companies Obsess Over Productivity, Not Efficiency

Business leaders often think of “efficiency” and “productivity” as synonyms, two sides of the same coin.

When it comes to strategy, however, efficiency and productivity are very different. At a time when so many companies are starved for growth, senior leaders must bring a productivity mindset to their business and remove organizational obstacles to workforce productivity. This view differs substantially from the relentless focus on efficiency that has characterized management thinking for most of the last three decades, but it is absolutely essential if companies are going to spur innovation and reignite profitable growth...Read more

Make in India, sell in India: Government to free up FDI in multibrand retail?

in a bold reform move, the government is considering a major overhaul of the foreign direct investment policy that could end up freeing the sensitive multi-brand retail segment. Sources tell ET now FDI could be freed up for multi brand retail if the foreign retailers sell goods with the Made In India label.

Sources say the government is looking at adopting an innovative manner in liberalising the politically sensitive sector to 100% FDI, and that is by following a policy of "Make In India, Sell in India"...Read more

India to grow at 6.9% in 2016-17India to grow at 6.9% in 2016-17

india is expected to clock a GDP growth of 6.9% this fiscal, which is likely to recover to 7.2% in 2017-18, says a Bank of America Merrill Lynch (BofAML) report.

Looking ahead, we expect growth to end 2016-17 at 6.9% and recover to 7.2% in 2017-18, partly on base effects of the ongoing demonetisation shock,” BofAML said in a research note, adding that this rate of growth is still higher than other BRICs.

The government on February 28 pegged GDP growth at a higher-than-expected 7.1% for the current fiscal...Read more

AI Is Going to Change the 80/20 RuleAI Is Going to Change the 80/20 Rule

Many high-performance organizations remain passionate about Vilfredo Pareto, the incisive Italian engineer and economist. They continue to be inspired by his 80/20 principle, the idea that 80% of effects (sales, revenue, etc.) come from 20% of causes (products, employees, etc). As machine learning and AI algorithmic innovation transform analytics, I’m betting that next-generation algorithms will supercharge Pareto’s empirically provocative paradigm. Here are three important ways that AI and machine learning will redefine how organizations use the Pareto principle to digitally drive profitable innovation to levels beyond conventional analytics...Read more

In India, a new banking system to reach the masses

GREATER NOIDA: At a furniture store outside India's capital, a salesman scans the manager's ID and takes her fingerprint on a biometric device attached to his cell phone.

Within minutes, Meenakshi Sharma becomes eligible for an account with Paytm, joining the hundreds of thousands who have signed up to a payments banking system that is revolutionising India's retail sector.

Before the government's shock decision in November to withdraw high-value banknotes from circulation, around 90 percent of everyday transactions in India were in cash...Read more

Future Consumer to start manufacturing health food in IndiaFuture Consumer to  start manufacturing health food in India

Future Consumer, the fast moving consumer goods (FMCG) arm of the Kishore Biyani-led Future Group, will soon be manufacturing and retailing food products in the health and wellness space in India in partnership with New York-based Hain Celestial.

“Chips, baby food and non-dairy milk products are the first few categories in which we are entering,” says Kishore Biyani, founder and chief executive officer of Future Group. The chips would be manufactured at the company’s plant in Tumkur, Karnataka. The production capacity at the factory is 150 kg per hour of output and the chips would be retailed across company-owned supermarket chains like Big Bazaar and Foodhall...Read more

An Agenda for the Future of Global BusinessAn Agenda for the Future of Global Business

For all of the uncertainty and anxiety in headlines today, the world is a much better place than it has ever been. In emerging markets, billions of people have moved out of extreme poverty. In the developed world, we enjoy better medicines, connectivity, and mobility than most of us could have imagined even 20 years ago. The promise of global progress has become a reality for many — but not for all.

Our global narrative of progress, the implicit case for embracing change in exchange for its fruits, is being increasingly called into question by economically marginalized groups and populist politicians across the globe...Read more

Artificial intelligence will overtake human IQ in 30 yrsArtificial intelligence will overtake human IQ in 30 yrs

BARCELONA: SoftBank Founder and CEO Masayoshi Son today outlined his vision for artificial intelligence and said computers running AI programs will exceed human intelligence within three decades.

Delivering a keynote address at the Mobile World Congress here, Son said he expects one computer chip to have the equivalent of 10,000 IQ within this period.

"In the past 2,000 years, the hardware in our brains has not improved... In the next 30 years, AI will overtake human intelligence," he said...Read more

India needs $5.15 trillion in infra by 2030 to sustain growth, says ADBIndia needs $5.15 trillion in infra by 2030 to sustain growth, says ADB

Asian nations including India will require a massive infusion of $26 trillion in infrastructure till 2030 to sustain the economic growth momentum, Asian Development Bank said in a report on Tuesday. The report advocated reforms and regulatory changes to make mega projects attractive for private investors.

India alone will require investments of $5.15 trillion in infrastructure till 2030 while China will need $15.27 trillion, ADB said in its report titled “Meeting Asia’s Infrastructure Needs”...Read more