May 10, 2018 - GST digital discounts may cost Rs 15,000 crore

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Marc Andreessen From the Editor's Desk

Marc Andreessen on hiring, managing, promoting and firing (startup) executives
Startups, particularly well-funded startups, often hire executives too early. Particularly before a startup has achieved product/market fit, it is often better to have a highly motivated manager or director running a function than an executive. Hiring an executive too quickly can lead to someone who is really expensive, sitting there in the middle of the room, doing very little. Not good for the executive, not good for the rest of the team, not good for the burn rate, and not good for the company. Hire an executive only when it's clear that you need one: when an organization needs to get built; when hiring needs to accelerate; when you need more processes and structure and rigor to how you do things.

Continued here

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MIT and Stanford Professors Are Designing a Cryptocurrency to Top Bitcoin: Unit-e

Researchers from seven colleges across the United States are working together on a supposedly groundbreaking cryptocurrency project which they say will offer scalability beyond anything that bitcoin can offer. Will a Cryptocurrency Called Unit-e Supplant Bitcoin? Known as Unit-e, the proposed cryptocurrency will purportedly have the capacity to rival Visa and Mastercard in terms of



Today's TradeBriefs Cartoon

AI Crushes Crypto As Top Job For Tech Workers, AngelList Reports

A report released by AngelList revealed the top industries sought after by tech talent.

Amazon seeks out brands like Zomato and ixigo to build Alexa skills

Jeff Bezos-led e-commerce portal Amazon, which also develops and markets products around its digital assistant Alexa, is looking for Indian brands to develop skills for its customers using the smart speaker.

In India, Facebook seeks solutions to election issues it's facing in 50 nations

Facebook has created a training module for politicians and policymakers to safeguard the integrity of 2019 Lok Sabha elections

Facebook creates new organisational structure for India

A Facebook spokesperson said that the move will help its Indian arm bring in more local accountability.

Archana Vohra joins Facebook India as director of small and medium business

With over 20 years of experience, Vohra has worked with NDTV, Adlabs, Times Internet and Amazon

Broadband for all: Why we aren’t talking about the quality of digital infra?

If India invests in high-quality new optical fibre network, upgrade or replace existing defective cables, and lay bend- and pressure-resistant fibre cables to increase FTTH (fibre to the home) capabilities, we will go a long way towards becoming a world leader

PayU India likely to hive off its lending business as a separate entity

Gupta will take over as the new chief executive officer of the lending company, which will be named PayU Finance India and will operate out of Mumbai,..

Fiserv to buy First Data for $22 billion to boost payments business

Fiserv said in a statement that the acquisition of First Data, enables it to offer services to financial clients

Card payments set to be more secure, with RBI’s token rule

Card tokenisation services, once operational, will add another layer of security to your card transactions, without leading to any significant change in the way you transact digitally

Here’s how India is benefiting from the AI revolution

Apart from engaging with customers and optimizing operations, AI is also making healthcare more accessible and affordable.

Digital advertising to reach Rs 25,000 crore in India by 2021: DAN report

As of 2018, the Indian advertising market stands at Rs 61,878 crore and is estimated to grow with a CAGR of 10.62% till 2021 to reach a market size of Rs 85,250 crore

The digital revolution sweeping the agriculture sector in India, and everywhere

In this new era, the farmer can use technology to gain control of the changing dynamics and leverage market insight without relying on traders.Farming has come a long way since the first farms were cr...

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