Trending: Mar 05- Mar 12 : Amazon has built its empire on incremental shifts in retail

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Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Amazon has built its empire on incremental shifts in retail convenience - starting with e-commerce itself. Enter Ether-commerce, where products order themselves, and you are never out of stock. In late 2015, its Dash Replenishment Service (DRS) came online. It's Dash Button but without the button: Manufacturers large and small can bake automated purchasing into their devices, so long as those devices run software and can talk to the Internet. As of January, Brother and Samsung printers, Gmate glucose meters, and GE washers began ordering supplies for themselves without human intervention. The whole thing seems preposterous, but didn't e-commerce once seem unlikely, too? In time, inevitably, we'll adjust to robot shoppers, for good or for ill - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
In the Netflix series, Narcos, the infamous and powerful druglord Pablo Escobar is shown spending jail-time collecting photographs and building a memoir. While Tihar jail is no La Catedral, Subrata Roy, the once powerful chief of Sahara is writing a trilogy in jail, the first of which, Life Mantras, was released on Feb 1. Unfortunately, it's not a memoir. With allegations of Sahara being the Swiss bank of India, a tell-all would have made for some interesting reading - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
So, when you blamed your manager for not appreciating your 'out of the box' idea, turns out you might have been right. According to research by Justin Berg of Stanford, the best judges of creative ideas are neither managers nor the idea creators themselves, but peers of the creator who have spent time creating their own ideas, but not the idea in question. Instead of allowing only managers to evaluate and select ideas, companies should ask creators to weigh in on the idea, maybe by letting them vote on their peers' ideas. Also, managers with creator duties would be best suited when it comes to creative forecasting and staying open-minded to new ideas - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
At a recent conference, when asked about disruptive business models, Uday Kotak was honest in admitting that he wakes up every day wondering what technology disruption would affect the banking sector. Few business leaders have woken up to the scale of technological change coming, as suggested by this study done by GE. Most old-industry CEOs are looking at incremental changes from using technology to improve productivity or cut costs. In the mean time, nimble startups in alternative energy, biomedical engineering, internet of things could upend incumbents (the Kodak effect). So how can large companies make sure they don't become obsolete? Incumbents have too much to lose, so they are unlikely to take the risks required to shake up their own industry. Also, bureaucracy and inertia slows decision-making. What they can do, is partner with tech upstarts through incubators/accelerators and startup forums, acquire good startups for both talent and technology and generally be open to new ideas both within and outside the firm. This sort of thinking starts at the top - Comment


Morgan Stanley India telecoms report: Cash is king ahead of spectrum auctions, 'overweight' on Jio

A sweeping Morgan Stanley India telecoms report for March stays "overweight" on Reliance Jio led by its high potential for savings leveraging existing licenses available with RCom.




Kishore Biyani eyes Rs 20000 crore sales for food, consumer business by 2021

Betting big on food and consumer business, Future Group aims to clock a revenue of Rs 20,000 crore in this segment by the year 2021.



IKEA to open first India store at Hyderabad in 2017

First IKEA India store to open at Hyderabad in 2017 - The company plans to open 25 stores by 2025 in nine Indian cities.




India's first small bank to start operations on April 13

Jalandhar-based Capital Local Area Bank currently active as local area bank





Weakening corporate, bank balance sheets undermine India's stability: Jose Vinals

IMF financial counselor Vinals says, in terms of fundamentals, among emerging market economies, India stands strong




Infotech woes hit home loans

he slowdown in the Information Technology (IT) industry, leading to uncertainty in career prospects for employees, is a major cause of the slump in the housing sector.

Flipkart sees opportunity in selling automobiles and accessories online

Flipkart has started working with car and bike manufacturers like Mahindra & Mahindra, Kawasaki and TVS Motors.



The debt troubles of Jindal Steel and Power

Jindal Steel and Power equity investors appear unperturbed by the company

Mu Sigma founder Dhiraj Rajaram sued for 'misleading' early investor

Walworth had pumped in $1.5 million into Mu Sigma in 2006. Rajaram bought back Walworths shares in the IT firm for $9.3 million in 2010.




3G outpaces 2G data traffic in India, says Nokia study

As companies like Google work to get the millions of people living in rural India online for the first time, the latest annual MBiT Index study from Nokia reports exponential 3G data traffic growth across the country in 2015.




Google's Internet Beaming Balloons Bringing WiFi to Rural India

Google is pushing forward with its Project Loon plans to bring Internet access to remote parts of India as The Economic Times today reported the company is currently in talks with local telecommuni

Consulting firms EY, Deloitte, Cognizant looking to hire high number of MBA graduates this year

Cognizant, which topped ETs Top Recruiters at B-School study for over three years now, said it stepped up hiring this year.





Google could test Project Loon with Indian telecom operators

Earlier in January 2016, the Indian government gave Google green light to proceed with piloting Project Loon in the country, representing a major step forw




See huge market potential for handicraft in small cities, says X5 Retail CEO Pradeep Shekhawat

Around eight out of 10 Indians do not know of a credible place to shop for authentic ethnic goods.



BigFoot Retail Solutions gets Rs 13.5 crore more in Series-B funding

The latest tranche come less than two months after the four-year-old company raised $6 million (Rs 40.3 crore) in a fresh round of funding that was led by Bertelsmann India Investments.



Amazon is creating a new virtual reality platform

, a job posting on employer evaluation site GlassDoor has indicated. The posting, spotted by UploadVR, calls for a senior software development...



IKEA to invest Rs 2000 cr in Haryana

The company said it would employ about 1,000 workers directly and engage around 3,000 more for providing services such as furniture assembly, delivery services, among others



Maggi samples found 'sub-standard' in UP, Nestle disagrees

District authorities of Barabanki in UP have found fresh samples of instant noodles Maggi "sub-standard", a claim rejected by its manufacturer Nestle India.



Govt to divest 5% stake in Container Corp

Govt will sell 9.74 million shares; floor price for share sale set at Rs1,195 per share





As India economy grows, female participation in work force declines: ILO

Usually, economic growth goes hand in hand with emancipation of women. But data available with the International Labour Organization (ILO) shows otherwise for India.




Jaiprakash Associates misses interest payment on bonds worth $150 million

Firm says dues will be paid from the proceeds of the proposed sale of its cement assets to UltraTech Cement




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