Monday, March 8, 2021

March 8, 2021 - What does a surge in GST revenue say about recovery?

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TradeBriefs Editorial

From the Editor's Desk

What to Do When Your Employee Is Totally Checked Out

There are many reasons an employee might mentally check out and fail to meet your expectations. They could be experiencing a personal issue or feeling burnt out, or they could be unaware that they've been slipping. In any case, as a manager, you need to be aware of how they're affecting the team. When confronting them, you should be kind and work with them to determine what’s going on and how you might be able to reengage them in their work. Be patient with them, but if the solutions you've arrived at ultimately don’t work, it might be time to consider whether or not the role is still a good fit for them.

Continued here


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Finance
What does a surge in GST revenue say about recovery?

GST collections grew 7% year-on-year to ₹1.13 trillion in February, breaching the $1-trillion mark for the fifth straight month, on the back of improved compliance and a recovery in economic activity.

Finance
Flipkart stares at a dent in valuations ahead of listing

Flipkart's advisers have approached several special-purpose acquisition companies, or SPACs, with a view to quickening its listing process. The valuation being sought is at least $35 billion, the report added

Finance
Tale of Yes Bank's Rana Kapoor paints a frightening picture of banking sector

The Reserve Bank of India (RBI) delayed taking action on the rampant corruption and asset stripping that was happening in Yes Bank for at least five years, before the inevitable collapse of the bank in March 2020, according to a new book on the story of Rana Kapoor, who created and destroyed the bank

Finance
Carlyle Banks on Economic Growth in China, India

Washington, D.C.-based asset manager Carlyle Group is among a handful of private-equity firms from the U.S. and Europe that have raised increasingly larger pools of capital to invest in Asia.

Finance
Warburg Pincus to invest Rs 800 crore in Adani Ports for 0.49% stake

Apart from this, the board approved the issue of notice convening an extraordinary general meeting (EGM) of the shareholders of the company to be held on April 6 through video conferencing.



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Finance
The return of puzzling numbers for India's GDP growth

The Centre's plan to pay off food subsidy arrears is likely to distort our GDP readings for multiple years

Finance
Oyo in breach of binding agreement with Zo Rooms: Arbitrator

India Business News: An arbitrator appointed by the Supreme Court has ruled that hospitality startup Oyo was in breach of its agreement with its smaller rival Zo Rooms in

Finance
Explained: Who was MG George Muthoot, the richest man in Kerala?

The Delhi Police said they were informed on Friday night that George was admitted to a hospital after falling from the fourth floor of his home and was later declared dead

10 More Finance Stories


Food/FMCG
These brands are spicing up India's FMCG market and other top stories of the week

This week, SMBStory covered the journeys of a craft chocolate manufacturer Ambriona Chocolates, New Delhi-headquartered Vahdam Teas, and more.

Food/FMCG
Dabur's Rajat Mathur on plant-based premium shampoo range

Dabur has launched four variants of ‘all natural’ shampoos under its Vatika Select range. The brand’s head of innovation talks about the insight behind the launch, TG, pricing and more…

2 More Food/FMCG Stories


Software
Here is what WhatsApp head Will Cathcart said on India's new IT rules

Will Cathcart hinted that WhatsApp is against changing its end-to-end encryption feature.

Software
Ola aims to do a Tesla, affordably

Ola aims to make 10 million e-scooters annually.The integrated manufacturing plant will have 10 assembly lines, use 3000 robots and around 10,000 workers

3 More Software Stories


Ecommerce
Twitter may soon roll out a feature that will benefit ecommerce: Check how it will function

  This format could potentially come into play as part of Twitter`s larger push to become a creator platform, with its recently announced plans for a "Super Follow" subscription. The new product will allow Twitter users to follow a particular account for subscriber-only perks like newsletters, exclusive content, a supporter badge and other deals and discounts.















Ecommerce
Think your startup can be Indias next Unicorn? Apply to the Amazon Smbhav Entrepreneurship Challenge

Using innovation as a tool, startups today are striving ahead to simplify lives with technology and leaving behind traditional businesses as a contributor to the Indian economy. Right from democratizing access to healthcare and key services such as banking and finance, to redefining every aspect of

Ecommerce
Local shops on Amazon gets over 50K retailers onboard

New Delhi: E-commerce major Amazon's programme to get onboard small retailers and neighborhood stores, 'Local shops on Amazon', has expanded its

46 More Ecommerce Stories


Digital
What Policies Should India Emulate From The US's AI Playbook?

India's ranking in digital competitiveness fell to the 48th position in 2020.

Digital
Deciphering India's new social media rules: why defining 'first originator' will be a tough puzzle

India is the latest to join the list of countries in imposing stricter regulations for social media companies. Though the new set of rules aims to safeguard citizens digital rights, it has divided the industry into two camps. While a few 'Atmanirbhar apps are trying to engage more users, their bigger rivals seem to be concerned over stringent compliance norms.

5 More Digital Stories



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Franchise
'Will never change name & we are not leaving Mumbai,' say Karachi Bakery owners

Hyderabad-based owners of Karachi Bakery say they shut their Mumbai store, dogged by controversy over its name, as lease expired & are now looking for another location in the city.

Franchise
Ikea rushes to make up lost time on India expansion after delays

The company opened its second India store on the outskirts of Mumbai in December and another in the southern city of Bengaluru is now on course to be ..

Franchise
Priyanka Chopra opens restaurant in New York, shares pictures of puja ceremony

hopra noted that she has been creatively involved with this project and has poured her love for Indian cuisine into it. Chopra shared images of the restaurant 'SONA' and the puja ceremony held back in 2019

1 More Franchise Stories


HR
'Only 20 Indian (tech) firms worth billion dollars… How will they fight evil, big-tech guerrillas?'

Vijay Shekhar Sharma, founder & CEO, Paytm, believes govt's new digital media laws will help check monopoly of big firms, says the start-up ecosystem in India has come of age with more capital available, and admits the pandemic created acceptance for online payment services like Paytm. The session was moderated by National Business Editor Anil Sasi



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HR
Women's Day: How a lone woman's mission to bring millions of girls back to the classroom gave rise to Project Ballika

Launched by Jasmine Bala, Project Balika focuses on girls' education and also conducts several community initiatives around menstrual hygiene, nutrition, and gender sensitisation.

14 More HR Stories


Logistics
India's first private jet terminal in Delhi sees 25% growth since launch in middle of pandemic

General Aviation Terminal, meant specifically for chartered flights, was launched by Delhi International Airport Limited that runs Delhi's IGI Airport, in Sept 2020.

Logistics
All-women crew of MT Swarna Krishna makes history; Mansukh Mandaviya flags off vessel

"The Shipping Corporation of India, as a part of its ongoing Diamond Jubilee celebrations and also to commemorate the International Women's Day on March 8, 2021, achieved another feat when Mansukh Mandaviya virtually flagged off the 'All Women Officers' Sailing' on MT Swarna Krishna - SCI's product carrier from JNPT Liquid Berth Jetty on March 6, 2021," the Ministry statement said.

17 More Logistics Stories


Construction
Flushed with liquidity, banks slash home loan rates to decadal lows

The rate war began on March 1 when market leader SBI, which has over ₹5 lakh crore of live home loan book and commanding a market share of 34% of the ₹14.17 lakh crore market, has even gone to the extent of waving the processing fee as well and cut the rates by 10 bps to 6.7%



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Construction
Where have all the houses gone from the U.S. housing market?

Much of the U.S. housing market has gone missing. On suburban streets and in many urban neighborhoods, across large and midsize metro areas, many homes that would have typically come up for sale over the past year never did. Even in cities with a pandemic glut of empty apartments and falling rents, it has become incredibly hard to find a home to buy. ​Decline in inventory

Construction
How Saudi Arabia plans to make the kingdom a global hub for green hydrogen

Saudi Arabia is building a $5 billion plant powered entirely by sun and wind that will be among the world's biggest green hydrogen makers when it opens in the planned megacity of Neom in 2025

4 More Construction Stories


Marketing
MD Rupinder Singh Sodhi shares success mantra of Amul

The cooperative's objective, he said, was 'diametrically opposite' to any other corporate or business house

Marketing
Facebook's new campaign highlights power of online videos

The 360-degree campaign has been conceptualized and executed by Taproot Dentsu and Dentsu Webchutney and will go live in multiple languages across TV, digital, print, radio and outdoor



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Marketing

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Politics
French Billionaire Olivier Dassault Killed In Helicopter Crash: Report
French Billionaire Olivier Dassault Killed In Helicopter Crash: Report
French billionaire politician Olivier Dassault has been killed in a helicopter crash, parliamentary and probe sources told news agency AFP.

Politics
Meghan Markle Says Royals Fretted Over "How Dark" Son's Skin Would Be
Meghan Markle Says Royals Fretted Over
Meghan Markle accused the British Royal Family in a sensational interview broadcast Sunday of fretting over how dark her son's skin would be.

13 More Politics Stories


Sports
Vinesh Phogat clinches gold medal in Rome event, reclaims top rank
Vinesh Phogat clinches gold medal in Rome event, reclaims top rank
Vinesh Phogat blanked Canada's Diana Mary Helen Weicker 4-0 in the 53kg title clash to win gold at the Matteo Pellicone Ranking Series in Rome.



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Sports
Para javelin-thrower Sumit Antil breaks record, aims higher
Para javelin-thrower Sumit Antil breaks record, aims higher
More sports News: High on confidence, Haryana's para javelin-thrower Sumit Antil aims to maintain Friday's record-breaking performance of 66.43 metres and stay tuned fo

5 More Sports Stories


Entertainment

Entertainment
Breaking: Disney+ Hotstar postpones Kamathipura after I B guidelines
Breaking: Disney+ Hotstar postpones Kamathipura after I B guidelines
Breaking: Disney+ Hotstar postpones Kamathipura after I & B guidelines. Bollywood News: Latest Bollywood News, Bollywood News Today, Bollywood Celebrity News, Breaking News, Celeb News, Celebrities News, Bollywood News Hindi, Hindi Bollywood News at Bollywood Hungama.com.

5 More Entertainment Stories


Work
The World Needs Syringes. He Jumped In to Make 5,900 Per Minute.
The World Needs Syringes. He Jumped In to Make 5,900 Per Minute.
Rajiv Nath's family-run Hindustan Syringes bets it can help meet the pandemic need for billions of barrels and needles.



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Work

25 More Work Stories


Life
In Iceland, 18,000 Earthquakes Over Days Signal Possible Eruption on the Horizon
In Iceland, 18,000 Earthquakes Over Days Signal Possible Eruption on the Horizon
The earthquake swarm is the culmination of more than a year of intense seismic activity. It could also herald decades of intermittent volcanic eruptions.

Life
U.S. Traffic Death Rate Highest In Nearly A Century
U.S. Traffic Death Rate Highest In Nearly A Century
Roads have been emptier since Covid-19. They've also been deadlier. More than 42,000 people died in motor vehicle crashes in 2020, the biggest increase in 96 years.

19 More Life Stories


Retail
More jobs for blue collar workers in retail, e-commerce
More jobs for blue collar workers in retail, e-commerce
Indeed, many more employers are in the market today, about 1,107 compared with 774 in the last six months.

Retail
RIL to continue acquisition spree in 2021
RIL to continue acquisition spree in 2021
Reliance Industries Ltd (RIL), which has invested in more than 100 companies over the past nearly five years, will continue its buying spree in 2021, as the company is scouting for established firms a

Retail
Over 50,000 offline retailers neighbourhood stores now part of Local Shops: Amazon India
Over 50,000 offline retailers neighbourhood stores now part of Local Shops: Amazon India
Launched in April this year, 'Local Shops' aims to enable local shopkeepers and kirana store owners to sell online

Retail
After Mumbai launch, IKEA leases 100,000 sq ft land for small-format store in Bangalore
After Mumbai launch, IKEA leases 100,000 sq ft land for small-format store in Bangalore
After opening a large-format store in Navi Mumbai, Swedish furniture retailer IKEA now has designs on Bangalore. It has invested in real estate and plans to explore the small-store format in Whitefield.

Retail
New retail rules: E-commerce shifting to interactive commerce
New retail rules: E-commerce shifting to interactive commerce
Commerce and payment platforms are already introducing content in their quest for higher engagement.

9 More Retail Stories


Telecom
Ban or no ban? Huawei bags Airtel contract

Huawei is already running Airtel’s long distance network and the current deal is related to that Chinese telecom equipment company Huawei has bagged a new contract from Bharti Airtel at a time when Chinese companies are under the government scanner.

Telecom
Future iPhones may arrive with Smart Magnetic Connectors, says report

Apple has patented different types of Magnetic Smart Connector systems that might be used in the company's iPads and iPhones.

Telecom
DoT to issue demand notes to telcos on upfront payment for spectrum bought in auctions

DoT sources told that the demand notes will be sent out to the three companies this week, and entails largely the upfront payment for spectrum that is..

4 More Telecom Stories



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