National Manufacturing and Investment Zones

India is planning to establish seven national manufacturing and investment zones (NMIZ) to promote manufacturing industries. The concept promises ease of compliance and quick access to infrastructure. Government officials hope to create 100 million jobs over the next decade and to help spur growth in Indian manufacturing sector. Currently, manufacturing only contributes 15% to 16% of Indian GDP, compared to 34% in China, 28% in South Korea and 27% in Indonesia. The goal of the new policy is to raise the share in India to 25% by 2022. It’s an open secret that India is less hospitable place for entrepreneurs…

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MyYearBook CEO’s memo to employees after merger with Quepasa

You know facebook. Do you know MyYearBook? It’s a popular networking site for teenagers in U.S. Recently Quepasa, social networking site for Latinos, bought MyYearBook for $100 million. The merger news itself is a non-event. However, the way the CEO communicated the merger news to the employees was unique. MyYearBook CEO Geoff Cook started the memo with clear message: Your job remains safe. Our intention with this merger is to continue to grow, and grow faster, not to make cuts. Your job is as secure as it was a month ago, a year ago, or in the case of many…

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Infosys in hot water

It was going to happen anyway. Now, it happened. Someone filed lawsuit against Infosys for abusing B1 visa program. Many Indian companies were doing this for years. These companies get B1 visa for their employees and send them for long term assignments in U.S. The visa type B1 is meant for “business trips”. Business trips are supposed to be short-term trips. The employee is supposed to attend some meetings/trade shows/conferences and return back to home country in weeks. Instead, B1 visa holders stay in U.S. for months. It’s not only Infosys, other outsourcing companies also follow the same practice. It…

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Time Algorithm

Algorithm is a set of rules for solving a problem in a finite number of steps, as for finding the greatest common divisor. (Source: http://dictionary.reference.com/browse/algorithm) We can see the obvious words arrayed in sequence for rules, problem, a finite number of steps, and divisor. What is time algorithm? I defined time algorithm in my own words in a sentence as; a person using a fraction of time in a day to cogitate specifically focus on how to work and reach a personal daily life’s goal. The related elements between algorithm and time algorithm are; 1. Rules: using a fraction of…

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How to Manage Time Effectively – A Personal Quality Time Management

I write this article based on my true life searching and finding for what is a QTM (Quality Time Management) for me to make use it as my APQTM (A Personal Quality Time Management) and absolutely it is a type of writing which is characteristic apart from any other writers specific ideas in presenting and publishing their own personal thoughts. 1. Introduction As a reader, listener, and observer many times we heard about QTM already been defined, meant, and outlined by qualified and professional speakers. Things which a layman in banal couldn’t catch up the details of explanations made and…

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Welcome Wal-mart!

Wal-mart entered India in stealth mode with the different name “BestPrice Modern Wholesale.”. They should have named it “Best Bazaar” following the local tradition! This entry itself is a big victory for Wal-mart considering the huge opposition from local retailers. Although the media says that mom-and-pop shops would be affected by Wal-mart’s direct entry in India, the truth is that giant local retailers like Reliance and Big Bazaar influence politicians to keep Wal-mart in check. Despite of all these hurdles, Wal-mart entered India with the help of joint-venture with Bharti. We can debate for many days whether Wal-mart hurts small…

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State of Technology Funding in India

If you start a technology company (not the cinema portals, real tech company!) in India today, what are the odds of getting the funding from VCs? Sloka Telecom’s CEO Suraj Karampuri thinks that the chances are very slim. You need to manage to raise the funds from self, friends and family. Suraj gave an interesting interview in which he offers he views on tech start-up scenario in India and funding options for tech companies in India. VCs are more interested in investing in spammy sites like youmint. You can read more from Suraj’s interview here.

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Will Indian NewsPaper Industry Fall Because of Internet?

U.S. Newspaper industry is in a free fall mainly due to Internet. Everyone gets the information online. Many American newspapers are closing down in the recent times. Few days ago, One more American newspaper went down. “Goodbye, Colorado” said the simple final front-page headline as, after nearly 150 years in business, the “Rocky Mountain News” folded up last Friday. The final edition sold like wildfire Friday morning, less than 24 hours after the paper’s parent company, Cincinnati-based E.W. Scripps Co. announced its closure, leaving Denver, like most American cities, a one-newspaper town. Even that final edition copy was sold in…

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Venture Fund for Cinema Industry

Bollywood is getting professional makeover. It doesn’t need to rely on mafia to get the loans. Venture fund industry is willing to take risks in Indian cinema industry. New venture fund, Cinema Capital Venture Fund, was started few months ago to invest in Indian films. Recently it got approval from the Foreign Investment Promotion Board (FIPB) for bringing in Rs 50 crore to its existing fund. This fund had earlier raised Rs 175 crore. Cinema capital venture fund plans to invest mainly in film production companies rather than individual films. Seems to be a good hedge.

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Stupid Business Strategy: Make people to pay to use toilet in Airlines

I read about lot of different business strategies — both good and bad. I have never seen any strategy this stupid. Ryan Air is thinking about charging passengers to use toilet. The airlines may install coin slot on the toilet door according to its CEO Michael O’Leary. Penny wise Pound foolish… Source: BBC News

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