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December 10, 2015 - Uber's decision to discontinue auto services in India raises some serious questions

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Blog Sree Vijaykumar From the Editor's Desk Globally, over 30% of companies with more than $1b annual revenues are family-controlled businesses. The number is higher in India. As this HBR article suggests, family businesses have several advantages, including a long-term mindset, which helps management make strategic decisions that are required for survival in the 10-year timeframe. Professional firm CEOs are often incentivized for decision-making that maximizes quarterly earnings. The flipside is that family controlled businesses often don't take enough risk, missing out on good acquisitions and positive market cycles. Also, most small family businesses typically don't last beyond a couple of generations. The next generation may not be qualified or interested in running the business. For larger family-controlled businesses, the solution is to professionalize, where the family takes a back seat and appoints professional management to run the show. Companies like Infosys and Marico have led the way here in India. Ideally, a professional management with a family board member who brings in a long-term value system might be the ideal combination - Comment Digital Uber's decision to discontinue auto services in India raises some serious questions The shutting of UberAuto in the capital, just after seven months of launching its service is raising some serious questions on the auto … Looking for like-minded folks? Coming Soon All Signal, No Noise!   Advt: Get qualified leads for your business TradeBriefs introduces automated mobile number verification, progressive qualification and other API-based verification. Save time and money! Digital HyperCat : An exclusive incubator to handhold startups in the area of IoT launched in Hyderabad An exclusive incubator to handhold start-ups in the area of Internet o Digital US-based Science Inc to launch $20-million fund to invest in 20 early-stage Indian startups To invest $1 million each in 20 early-stage start-ups Digital Thinkcell buys Mumbai-based online aptitude test platform Testfunda.com Thinkcell Learning Solutions Pvt Ltd, formerly GATEFORUM Educational Services, Digital Berlin-based GoEuro Corp founded by India-born Naren Shaam secures $45 million in Series B Travel platform to use the Series B funding for customer acquisition, product development. Retail Did you hear a drought of funding in food tech? Food technology startup Yumist raises Rs 12 crore Money raised will be used scale up in existing cities — Gurgaon, Delhi and Bengaluru till March, after which Yumist plans to expand to Mumbai and Pu.. Retail Flipkart & Paytm Emerged as the Most Popular Retail Apps in India In 2015 [REPORT] Flipkart and Paytm top the list of Most popular retails apps in India by the number of downloads and monthly active users. The study highlights Retail Why Amazon is king of the retail jungle The retail world is changing and one Seattle-based company is at the forefront of the revolution. Retail Skechers wants to make in India; double biz in 2 years here American footwear and athletic accessories brand Skechers, which aims to double its India business in the next two years, plans to start manufacturing in the country. "We are looking at doubling our business and start manufacturing here in the Telecom Reliance Jio may look to buy smaller telecom companies for more wavelength Jio will look to acquire smaller telcos to gain market share and compete with incumbents, a senior executive said, signalling a possible consolidation wave. Telecom Government to submit final view on net neutrality after TRAI recommendations Government to submit final view on net neutrality after TRAI recommendations - IT Minister Ravi Shankar Prasad says OTT services to be encouraged to grow. Telecom Trai again addresses net neutrality; lists disadvantages of zero-rating plans Trai is attempting to once again address the question of net neutrality and exploring whether zero-rating plans and schemes are in violation of the principle of net neutrality. Telecom We will have great 4G coverage: Sunil Sood, Vodafone India CEO Sood said the company is looking to launch 4 more 4G circles by March, and will have an annual capex of about Rs 8,500 crore in the year to March. Finance What the Dow Chemical-DuPont merger means for India The merger will create a multi-billion-dollar entity that will have synergies in agriculture, infrastructure and significant research capabilities Finance RBI ready to intervene in exchange-traded currency derivatives segment Central bank says will take this step, if required, to defend rupee in the event of a rate hike by US Fed on 16 December Finance Oil marketers: will the outperformance stay? Lower crude oil prices, diesel deregulation and a better refining margin environment are some of the factors that have helped Finance 7 reforms in India to watch out for in 2016 Nomura pegs the probability of GST being implemented in 2016 at 65% Software Wipro to focus on digital services : Sets up new London centre Wipro Digital, the digital arm of Wipro, today said its has set up a new "London pod" to offer enhanced digital transformation services to its customers in the UK and other parts of Europe. Software Samsung plans to venture into self-driving technology Samsung Electronics is setting up a new business unit to focus on automotive-related technology such as components for driverless cars. Software What is the hottest topic on Facebook? : US presidential race The US won't elect a president until next year but the debate over the crowded field of candidates jostling for the Oval Office emerged as the hottest topic on Facebook this year. Software Chinese hackers suspected to be behind hacking of two prominent Indian IT companies Hackers, suspected to be based out of China, managed to break into two of Indias most prominent information technology firms recently. Ecommerce Flipkart-backed online freight booking startup BlackBuck raises Rs 155 crore in funding led by New York-based Tiger Global Management, Yuri Milner The round also saw participation from existing investors, venture capital firm Accel Partners and India's largest e-tailer Flipkart. Ecommerce IT industry body Nasscom calls for a uniform policy on taxation of e-commerce companies by states IT indus ry body Nasscom on Tuesday called for a uniform policy on taxa ion of e-commerce companies by states. Ecommerce Mobile payments firm PayUbiz launches a new 'One Tap' technology that will help users to make online payments without having to key-in their card The patent-pending technology allows customers to make online purchases without having to repeatedly key in card details, CVV numbers and one-time passcodes. Ecommerce Alibaba's business-to-business company Alibaba.com India Ecommerce reports about 14% decline in its revenue for the year ended March 2015 Chinese ecommerce giant Alibaba’s business-to-business company Alibaba.com India Ecommerce has reported about 14% decline in its revenue for the yea.. Franchise Franchisee Journey: From retired sales director to franchisee with wife and children - Entrepreneur MUMBAI: Coimbatore-headquartered Suguna Foods is eyeing to become a Rs 10,000 crore company by 2017, on the back of huge expansion in all its verticals, including feed mill, retail and ready-to-cook business, a top company executive said today.       Franchise Take advantage of modern technology to make your franchising life easier - Franchise Direct MUMBAI: Coimbatore-headquartered Suguna Foods is eyeing to become a Rs 10,000 crore company by 2017, on the back of huge expansion in all its verticals, including feed mill, retail and ready-to-cook business, a top company executive said today.       HR These Gujarati Crorepatis Are Working In Factories Just To Keep Themselves Busy Theyre beneficiaries of the auto boom in the region. HR Work with Gas Authority of India Limited (GAIL) The Gas Authority of India Limited (GAIL) has invited applications from eligible candidates for filling up the vacancies at various posts. HR Genpact will recruit 10000 candidates in India BPO services provider Genpact may recruit over 10,000 people by the end of next year, a senior official of the company said today. HR 'India ranks 4th in black money outflows per annum' Logistics Sensex sinks 274 points on GST fears; this was the 6th consecutive session of losses, passing of GST will see sharp bounce back Indian stock markets remained in red zone for the sixth day in a row on Wednesday, hit by rising concerns over delay in passing of the much-awaited Goods and Services (GST) Bill in the Parliament. Logistics PM ki pathshala: MPs get 1-hour tutorials on GST; preparing for a 4 hr long session on monday parliament on GST The Congress on Tuesday declared war on the BJP-led government over the National Herald case against party leaders Sonia and Rahul Gandhi, casting a shadow of uncertainty over the key reform, the Goods and Services Tax or GST. Logistics Airlines, cops meet for safety of women staff in airlines including airhostesses and ground staff A group of representatives from a few airlines met senior police official of Delhi Police at the IGI airport expressing concern over the safety of their woman staff and air hostesses. Logistics Odd-even formula in India not feasible as public transport system inefficient Construction 20 major amendments to real estate bill cleared by Cabinet These changes were based on the recommendations of the select committee of Rajya Sabha that had examined the bill pending in the upper house of the pa.. Construction Smart Home market to grow at 30% and double revenue every 3 years Security, convenience and energy efficiency were the largest drivers for smart homes, while high cost, lack of clarity about the real value and in few.. Construction CREDAI says no further scope for fall in Housing prices as they are already down 15-20% Housing sales have improved by 15 per cent during the festive season helped by fall in price and lower interest rate on home loans Construction Hike in TDR prices will hugely benefit government: NM Gattu, DB Realty Earlier, the TDR prices were normally about 20% to 30% on the RR rates. Now they have made it 60% of the RR rate Marketing Twitter says India revenue has tripled : Report Twitter India revenue rises to `13.26 crore for the year ended 31 March from `4.17 crore in the previous year Marketing World’s First Ad Ticker On WhatsApp : Crayon Data Enters Indian Shores After Cars, Quikr Promotes Its Real-Estate Vertical ‘Quikr Homes’: One of the two TVCs, launched by Quikr, talks about ‘maps’, a feature in the mobile application that tells the user ab… Marketing How Our Newspapers Are Engaging Indian Millennials On Instagram : Report Marketing Facebook’s New Tools Will Make Customer Support Smoother For Businesses : Report Facebook states that there are over 50 million active business Pages and many of them are using their Page to communicate with customers. In fact, the number of messages sent to businesses on Faceb… Politics National Herald case: Sonia looks for her Belchi moment, but her moral halo is set to shrink A Delhi court’s directive on the National Herald case, that Congress president Sonia Gandhi, her son and party vice president Rahul Gandhi and five others appear before it on 19 December, threatens to push them and their party into an existential crisis far worse than the one inflicted by the series of electoral debacles, including the 2014 General Election. Politics National Herald case: How the Gandhis’ arrogance may land them in more trouble By trying to link a court ruling to his battle against Prime Minister Narendra Modi, Rahul has shown a callous disregard for facts and has invited uncomfortable questions for his beleaguered party. Politics ‘If you’re a Muslim, you are always welcome here’: Zuckerberg speaks out Facebook founder Mark Zuckerberg wants to protect the rights of Muslims, saying they should not fear being "persecuted for the actions of others." Politics Even as BJP launches attack on Sonia Gandhi, PM Modi sends birthday wishes to Congress president Prime Minister Narendra Modi today greeted Congress President Sonia Gandhi on her 69th birthday, wishing her a long life and good health. Sports Incredible Sports Photos From Around the World When he was a teenager, Bob Martin thought he would pursue a career as a veterinarian. It was a short-lived dream. “I had to come to the harsh reality that Sports Mahela Jayawardene awarded honorary lifetime membership of MCC Mahela Jayawardene appears on the famous Lord's Honours Boards twice, having scored 107 and 119 against England in 2002 and 2006 respectively. Sports Domestic cricket gets a dash of glamour With limited-overs cricket to dominate India's schedule over the next six months, top cricketers, including MS Dhoni, to play Vijay Hazare Trophy. Sports Cricket South Africa’s Facebook page hacked, flooded with adult content Cricket South Africa regained control of the page later and deleted explicit content. Entertainment Ricky Kej’s song part of Grammy 2015 nominated album Ricky Kej's composition "Aishwarya" has been nominated for the 2015 Grammy Awards in the Best Contemporary Instrumental Album category. Entertainment Peshwa Bajirao wrongly portrayed in Bajirao Mastani, says Shiv Sena MLA Shiv Sena MLA Pratap Sarnaik has raised objections against Ranveer Singh and Deepika Padukone starrer 'Bajirao Mastani'. Entertainment Jiah Khan suicide: CBI files supplementary chargesheet against Suraj Pancholi Statement of Jiah Khan’s psychiatrist part of chargesheet that narrates sequence of events leading to her suicide. Entertainment Lifetime Achievement Award for Naseeruddin Shah at Dubai fest Naseeruddin Shah will be honoured with a Lifetime Achievement Award for his outstanding contribution to cinema at the Dubai International Film Festival.   TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy    Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India