For Your Career

E-commerce cos not enthusiastic of hiring this year    Economic Times

Last year e-commerce companies hired close to 400 management graduates. The number is set to drop drastically this year. The downward trend of hiring is mainly due to layoffs in many startups as well as poor business models. The companies, which are growing, are reassessing their cash burn and need for hiring.

The first 12 words you speak could decide if you get the job    Business Today

A new research has found that first impressions matter a lot when you go for a job interview. The first 12 words you speak when you greet your interviewer can reveal the positiveness of your personality. Those who can speak eloquently can have an edge since people think on emotional lines. It could also cause a bias in class since those from middle and upper classes are taught to be confident from an early age.

Using too much social media? You could develop sleep disturbance    Tech Crunch

A new study has found that people who are actively checking their social media pages during the day are more prone to have a disturbed sleep at night. The study is one of the first crucial experiments conducted on adults who are the first generation users of social media. 30% of those who spent 61 hours a week online, ended up with serious sleep issues. Insomnia could lead to more usage of social networks, thereby creating a cycle.

How you can make people stay in a startup longer    Yourstory

– The company head should tell employees the ultimate goal of the startup and what each can contribute to reaching it.

– Give people the reins. Empower each employee to execute a task in the way he deems fit.

– Even if it is a small achievement, celebrate it because happiness comes in small packages.

– Get everyone to participate and voice their opinion rather than just involving the leaders.

From The Startup Corner

Tea startup gets backed by this industrial magnate    Firstpost

A tea startup, Teabox, has received undisclosed funding from Ratan Tata. This is the first such investment for the veteran. Tata’s advice to the premium tea producing startup was to make the brand global. The startup created new systems for preserving the taste of tea for a longer shelf life. Till now, Teabox has raised $1 million from a clutch of investors and counts people from 93 countries as its clients.

No tax return hassle for 3 years for startups    Firstpost

As an encouragement to startups in India, the government has asked the Employee Provident Fund Organisation and ESIC to exempt startups from inspection and filing of returns for 3 years after registration. Such companies will be able to self-certify their compliance. The first year would be a blind exemption while any legitimate case of violation that may be found in the next 2 years, may lead to an inspection.

Tips to remember when you are starting up    Entrepreneur

– Learn accounting or get someone for it so that you can understand the financial part of your business.

– Keep your fixed cost as low as possible which includes rent, salaries etc.

– Efficiently allocate money to departments and keep budgeting.

– Don’t overestimate revenue and underestimate cost.

– Have 6-months worth of expenses as capital ready and avoid taking bank loans.

Rocket Internet unhappy with India, might dump some startups    Inc 42

Startup incubator Rocket Internet has decided to give up its focus on India. The Berlin-based company has been trying to sell off its investment in Indian startups such as FoodPanda, Jabong and FabFurnish. If the company isn’t able to sell off the startups, it might consider shutting them down by the end of the current fiscal year.

Paytm goes international, AliPay comes to India    Inc 42

In a barter deal, Paytm will leverage investor Alibaba’s resources for global expansion while the latter will bring its payment system AliPay to India. This will allow a Chinese shopper to pay to Indian merchants using AliPay, and a Paytm user can pay in rupees to merchants in foreign countries. Paytm will use Alibaba’s cloud service Aliyun to access data and trends across markets.

The Top Stories In Business

WEF picks RBI Governor for new global study    Economic Times

The World Economic Forum has created a task force of reputed people to study the effect of technological advancement on financial stability and growth, monetary policies and loss of trust in financial services in emerging markets. One of the members is RBI Governor Raghuram Rajan. In the Davos meeting last week, technology was referred to as the Fourth Industrial Revolution.

What made Donald Trump praise India?    Indian Express

US Presidential candidate Donald Trump feels that India is doing great economically, despite no one talking about it. Trump has been vehement in his criticism of countries like China and Japan, and this is his first reference to India. He also stated that the US has gone from an economic powerhouse to a laughing stock while economic talks surround India and China have increased.

Toyota & Suzuki deny report of a partnership    Reuters

A new report claimed that car manufacturers Toyota and Suzuki are in talks for a partnership. However, the Japanese companies claimed that no such discussion has taken place between the duo. The joint deal was to use each other’s strengths and create compact cars for emerging economies like India.

source :-Quezx