Nov 27, 2019 - IKEA sees Mumbai among top 30 global markets, makes biggest investment so far

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TradeBriefs Editorial

From the Editor's Desk

How to Talk to Someone Who Refuses to Accept Reality, According to Behavioral Science

Ohio State University behavioral scientist Gleb Tsipursky points out that while conspiracy theories might be fringe examples, denialism itself isn't at all uncommon. One four-year study that involved interviews with more than 1,000 board members, found that, when a CEO is ousted, 23 percent of the time it's because he or she was unwilling or unable to accept some basic aspect of reality. When faced with threatening information, people often stick their heads in the sand.

Knowing that you have company in your misery might provide some comfort when faced with a reality denier, but how do you actually confront one? Tsipursky's first and most important bit of advice is to forget facts. The problem is almost certainly one of emotions, not knowledge.

He offers a down-to-earth example to illustrate: "At a company where I consulted, a manager refused to acknowledge that a person hired directly by her was a bad fit, despite everyone else in the department telling me that the employee was holding back the team." Why? "Facing facts would cause the CEO or the manager to feel bad."

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Bata taps WhatsApp for sales even as it reopens 53% stores
Bata taps WhatsApp for sales even as it reopens 53% stores
With some stores reopening following the easing of curbs on non-essential stores, Bata shops in Tier 3 and 4 towns are performing well, says CEO Sandeep Kataria.Bata expects an uptick in demand towards the festive season later in the year



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Future Retail is looking to get cheaper loans to pay off old debts⁠— that’s good enough for the stock to jump
Future Retail is looking to get cheaper loans to pay off old debts⁠— that’s good enough for the stock to jump
In a board meeting today, Future Retail approved to issue non-convertible debentures for upto ₹650 crore. Kishore Biyani led Future Retail has rising debts


Avenue Supermarts slumps 5% after company reports decline in April sales
Avenue Supermarts slumps 5% after company reports decline in April sales
In the past one year, shares of Avenue Supermarts have rallied 76.4%, in contrast to the 22.7% decline in S&P BSE Sensex.The company’s market cap is now higher than that State Bank of India, Larsen & Toubro, and Maruti Suzuki India


As Bev Q warms up for Google Play Store, fans hail 'Pichai Muthalali'
As Bev Q warms up for Google Play Store, fans hail 'Pichai Muthalali'
It is unlikely that Pichai had anything to do with the approval, but for many in Kerala this India-born 'Sundar ettan' is a beacon of hope in these.Sundar Pichai. Google. Kerala State Beverages Corporation. Beverages Corporation. BEVCO. BevQ. Liquor sales. Liquor sales Kerala. Alcohol Sale Kerala. Coronavirus. Lockdown.Kerala News. Regional News


Google Pay's Nearby Stores feature is now available in 35 Indian cities
Google Pay's Nearby Stores feature is now available in 35 Indian cities
The feature enables businesses to open mini digital storefronts and helps users to see stores that provide essential goods in their vicinity.


Hershey launches online store in India with Swiggy, Dunzo
Hershey launches online store in India with Swiggy, Dunzo
US-based confectionery maker Hershey has partnered with two delivery firms in India to launch an online store.


A Florida toy importer braces for retail upheaval
A Florida toy importer braces for retail upheaval
The Boca Raton, Florida importer sells toys to retailers like Walmart Inc, Target Corp, Amazon.com Inc, TJX Cos Inc and J.C. Penney Co Inc, many of wh..


Mukesh Ambani's Jio listing can profit from US-China tech war
Mukesh Ambani's Jio listing can profit from US-China tech war
U.S.-traded Chinese technology firms such as JD.com Inc. and NetEase Inc. are looking for an alternative home closer to the mainland in case tensions between Washington and Beijing escalate


Brookfield invests Rs 1.2k cr in IndoStar
Brookfield invests Rs 1.2k cr in IndoStar
India Business News: Bengaluru: Canadian alternative asset manager Brookfield is picking up a 31% stake in non-banking financial company (NBFC) IndoStar Capital Finance by.


Consumer pivot to online retail, health to whet investor appetite
Consumer pivot to online retail, health to whet investor appetite
Discretionary spending in categories such as apparel and dining out among Indian households may take a year to revive, Crisil says.Cloud kitchens is one segment that will attract PE interest as they will revive faster, say analysts


India's largest brands plan to resume advertising
India's largest brands plan to resume advertising
Some early shoots of revival are already visible, marketers said. For fast moving consumer goods companies, the spending will be on categories which are in demand, like packaged food, immunity boosters and health and hygiene products. Electronics and smartphone makers will promote new launches as well as consumer offers to liquidate stocks.


PharmEasy, Amazon Pay tie up for contactless payments
PharmEasy, Amazon Pay tie up for contactless payments
PharmEasy users can purchase medicines and healthcare products, book a lab test through the Amazon Pay balance.PharmEasy works with close to 35,000 retail partners in Tier-1 and Tier-2 cities


McDonald's resumes delivery, drive-thru services in north, east India
McDonald's resumes delivery, drive-thru services in north, east India
McDonald's has also opened its 'take away' or 'Drive Thru Lanes' service in 17 of its restaurants located in Gurgaon, Noida, Punjab and Haryana, said ..


50% of consumers expect to increase ecommerce spends in the next one month: Facebook-BCG Report
50% of consumers expect to increase ecommerce spends in the next one month: Facebook-BCG Report
The report also reveals how 43% consumers are expecting decrease in overall spend in the next six months


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