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Xavient to recruit 1,000 people in India this year | ET Telecom

IT consulting and software services company Xavient Information Systems plans to recruit over 1,000 people at its Noida and Bengaluru offices.

Modi has changed investors' perception of India: Takehiko Nakao

It is better for India to be more open and integrated to the value chains and production networks of the world, especially in East Asia

UK's Campden Wealth joins hands with Patnis to enter India

Campden Family Connect, a JV between Patni

Channel Partners account for 40% of Dell's sales in India

Almost two years after Dell revamped its go-to-market strategy, channel partners account for 40% of the American computer technology companys sales.

A hack into India's top internet scams

In an effort to educate people on the most notorious scams, Telenor Group released the results of an Internet Scams study showing the top three scams in India. The multi-market survey assessed the impact of scams on 400 internet users aged 18

Global investors increasingly grow disillusioned with Indian economy

After Credit Suisse downgraded the Indian market, Deutsche Bank has come out with a report flagging global investors concerns over Indias reform process.

Snapdeal to hike salaries by 20% for top performers

The increase, effective from April 1, will also include ESOPs for the top performers.

Global pension, sovereign wealth funds to invest $50 bn in infra

Indian infrastructure firms are trying to sell assets since they have to service long-dated liabilities, say analysts

Mukesh Ambani's Reliance Jio to make FY17 tough for telcos, say rating firms

On other key parameters, India Ratings said it expects a decline in voice revenues and moderation in average revenue per user in the next fiscal.

'Amazon Tatkal to help people sell products online'

Amazon Tatkal, which was recently launched, will engage with entrepreneurs, artisans, manufacturers and sellers to help them sell online on the spot.

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
They are boring. They are useless. Everyone hates them, so why can't we stop having meetings? This New York Times article explores this issue. You can make a whole career of planning, holding and attending meetings and never dare contemplate the possibility of your being exempt. They can't be avoided, but maybe they can be made bearable. Perhaps Paul Graham's prescription for the only kind of "allowable meeting" is a starting point. "There are no more than four or five participants, and they know and trust one another. They go rapidly through a list of open questions while doing something else, like eating lunch. There are no presentations. No one is trying to impress anyone. They are all eager to leave and get back to work." - Comment

Indian market norms much more robust; P-Notes well covered: Sebi

Areas where challenges remain include those involving high-frequency trades and the commodities derivatives

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
This has been a good week. Parliament has passed 7 bills, including the Real Estate bill and the Aadhaar bill. Bills indicate intent, the action still has to happen on the ground. Action of the kind taken by Temsutula Imsong, who is cleaning up Varanasi, one ghat at a time. Temsutula is co-founder of Sakaar Sewa Samiti, a non-profit involved in rural development. It's people like her and her army of volunteers who are turning words into action, rather than the local government, which dumps the garbage across the river whenever a VIP arrives. The citizens of India are waking up to the consistent calls to action from the top, it's time the government machinery woke up too - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Godmen like Baba Ramdev use corporate smarts to combine knowledge of something real like Yoga or Meditation (Sri Sri Ravi Shankar), with the fears and insecurities of the masses to create multi-million dollar organizations. Their popularity can get chief ministers (or even the prime minister) to endorse them. They sell everything from noodles to a medicinal herb that promotes fertility (its ancient name, which means "son's life seed", hints unethically at particular effectiveness in spawning male offspring). They are seeking corporate-style synergies between religious messaging, personal celebrity, commercial success and political influence. Welcome to 21st-century spiritual entrepreneurship! More in this Economist article - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
One can evaluate the Kingfisher mess through two lenses - a business lens and a human lens. In the case of Vijay Mallya, it is extremely difficult to separate the two, because his personality and the Kingfisher brand have been intertwined for so long. He used the media attention to his business's advantage when times were good. Unfortunately, for him now, this means a trial by media, when things are down. The business issue is one of loan default and companies ranging from SBI to GMR are now filing cases against Kingfisher. The law should take its own course here. The fact that there are bigger defaulters who have not been brought to justice does not hold ground as an excuse to go easy on Kingfisher. Through a human (and moral) lens, throwing a birthday bash with 600 guests, when your employees have not been paid a salary for more than a year is something that is very tough to reconcile. The Indian business fraternity seems divided on their reaction to this situation. - Comment

Sree Vijaykumar
Sree Vijaykumar
From the Editor's Desk
Nobel laureate Joseph Stiglitz, economist and professor at Columbia University, suggests that American inequality didn't just happen; it was created (and is getting worse). In this excerpt from his book, he says that those at the top have learned how to suck out money from the rest in ways that the rest are hardly aware of - that is their true innovation. Many of the individuals at the top of the wealth distribution are, in one way or another, geniuses at business (rather than science or technology, which are what truly drive human progress). Steve Jobs was number 110 on the Forbes list of the world's wealthiest billionaires before his death, and Mark Zuckerberg was 52. But many of these "geniuses" built their business empires on the shoulders of giants, such as Tim Berners- Lee, the inventor of the World Wide Web, who has never appeared on the Forbes list. Berners-Lee could have become a billionaire but chose not to - he made his idea available freely, which greatly speeded up the development of the Internet. Indian inequality is even worse and has additional dimensions such as crony capitalism and caste/class based discrimination, where the powerful reinforce the inequality to stay wealthy at the expense of the poor - Comment

Online harassment must be met head-on: Tech summit panel

Online harassment and sexism is demeaning women and can no longer be brushed aside as an ugly side of social media and the gaming industry if they are to thrive, panelists said at the South By Southwest tech meeting in Austin.

DeitY plans to pitch for 'Invest in India' at IT Trade Fair CeBIT

The delegation will include officials from the Centre and state governments as well as top executives from India

ICICI Bank launches India's first contactless mobile payment solution

- The bank said the level of security is higher in using app since the card details are not shared during the transaction process.

Kotak Mahindra, Canada pension board launch $525 mn stressed asset fund

The fund has a flexible investment mandate with aim to restructure, recover and turn around companies in distress

Xiaomi to wrap up single-brand retail process in a few weeks

Chinese mobile device maker Xiaomi confirmed that it has initiated a process to set up single-brand retail stores and expects to complete the same in the next few weeks.

PepsiCo launches mini cans; brings PepsiMoji campaign to India

Pepsimoji", under which all Pepsi packaging will now sport various emojis, will debut at the ICC World Twenty20

Paytm looks to sign up 4 million stores this year for mobile payments- NFC World

Indian mobile payments platform Paytm plans to double its in-store merchant acceptance to four million locations this year, its CEO has said.

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