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Covid redux: India Inc switches back to SOS mode from wait-and-watch

Covid redux: India Inc switches back to SOS mode from wait-and-watch

Rediff.com14 Jan 2022

With the dizzying rise in the number of Covid-19 cases in the country, India Inc has transitioned from a wait-and-watch policy to full-on emergency mode, bringing back remote and flexi work, stringent safety protocols, and allowing only essential travel. Companies - especially in metros like Delhi, Mumbai and Kolkata - that had adopted a hybrid work model during the last few months when the caseload remained low, are either switching back entirely to work-from-home (WFH), or calling skeletal staff to office on select days. Take the case of cigarettes-to-hotels major, ITC, which had been on a hybrid work model over the last few months.

Banks And Fintech Both Need Each Other

Banks And Fintech Both Need Each Other

Rediff.com2 Dec 2021

The fundamental issue between banks and fintech would be who will own the customer and who will be the service provider.

Policybazaar's Rs 5.8k-crore IPO to open on Nov 1

Policybazaar's Rs 5.8k-crore IPO to open on Nov 1

Rediff.com27 Oct 2021

PB Fintech, the parent of Policybazaar and Paisabazaar, has set a price band of Rs 940-950 apiece for its initial public offering (IPO), which will open on November 1 and close on November 3. The company may be valued at around Rs 44,000 crore, and looking to raise an amount of around Rs 5,826 crore. The IPO comprises a fresh issue of Rs 3,750 crore, along with an offer for sale (OFS) of Rs 1959.72 crore by existing promoters and shareholders.

There's no stopping India's start-up juggernaut

There's no stopping India's start-up juggernaut

Rediff.com17 Jun 2021

With 16 start-ups gaining unicorn status in 2021, India's tally has touched the 50 mark. The newest entrant to this list include Pune-based MindTickle, which is close to finalising a $100-million funding round from Softbank's Vision Fund 2, taking the company's valuation to $1.1 billion.

Share of women in boardrooms up for eighth year in a row

Share of women in boardrooms up for eighth year in a row

Rediff.com15 Mar 2021

Investment banking star and Moelis India Chief Executive Officer Manisha Girotra remembers a colleague who wanted to resign because she needed to attend to her parents' health issues in a different state. Rather than quit a promising career, she was given the flexibility of working from home on Fridays, which was unusual in the pre-pandemic days. This allowed her to take care of her parents' visits to the doctor and other health-related needs without quitting her job. She would be back in the city office on Mondays.

India Inc steps up, foots bill for staff vaccination

India Inc steps up, foots bill for staff vaccination

Rediff.com6 Mar 2021

RIL, Capgemini, IndiGo among companies which have offered to pay their employees' vaccination cost.

India Inc gets back to office cautiously, even as many MNCs remain shut

India Inc gets back to office cautiously, even as many MNCs remain shut

Rediff.com21 Jan 2021

Many are testing hybrid models including getting small batches to work, rotating staff every week, introducing shifts and allowing certain functions to operate from office in small numbers.

10 things that will make 2021 different!

10 things that will make 2021 different!

Rediff.com10 Jan 2021

From 5G to Tesla to Covid vaccine, 10 things will shape India's future.

India Inc against investing in new parliament building and bullet train

India Inc against investing in new parliament building and bullet train

Rediff.com8 Jan 2021

A majority of the CEOs are expecting the economy to show growth in the next financial year on the back of rising consumer spending and a sharp turnaround in rural India.

Govt gifts Rs 1.45-trillion incentive for 10 manufacturing sectors

Govt gifts Rs 1.45-trillion incentive for 10 manufacturing sectors

Rediff.com12 Nov 2020

The government hopes that the PLI schemes would provide 200,000-300,000 direct employment over five years, according to sources in the know.

How mini lockdowns are making a hole in consumers' pockets

How mini lockdowns are making a hole in consumers' pockets

Rediff.com24 Jul 2020

To tide over the difficulties due to incessant shutdowns, several farmers in Maharashtra have turned into aggregators and started selling their produce without the help of mandis or agents. They have started contracting with bulk consumers like hypermarkets and co-operative housing societies to sell their produce directly.

The 2 BIG challenges facing India Inc

The 2 BIG challenges facing India Inc

Rediff.com16 Jul 2020

As Covid-19 cases surge in India, companies have realised it's a tightrope walk between maintaining production and ensuring employee safety.

Sops India Inc is giving to woo back labour

Sops India Inc is giving to woo back labour

Rediff.com10 Jun 2020

Chief executives in the real estate, consumer products, automobiles, construction, and textile sectors said they were all expecting workers to re-join in the next 45-60 days, which would help them ramp-up production from July.

In battle against COVID-19, India faces new challenges

In battle against COVID-19, India faces new challenges

Rediff.com29 May 2020

The pandemic is set to become even more challenging, with migrant workers returning home, relaxations in lockdown rules, and the approaching monsoon. However, states are looking at community participation to ramp up testing and home treatment of patients

Sector-specific steps must, says India Inc

Sector-specific steps must, says India Inc

Rediff.com18 May 2020

Some sectors like aviation, hospitality, travel and tourism, and automobile have witnessed zero cash flow since the lockdown began.

Centre owes Rs 3 trn to states and industry

Centre owes Rs 3 trn to states and industry

Rediff.com5 May 2020

Assocham president Niranjan Hiranandani said his talks with government officials showed dues to industry and states were pending in the form of refunds of income tax, value-added tax, and GST, and compensation, payments to discoms in the power sector, fertiliser subsidies, etc.

India Inc hopes for economic revival under NDA 2.0

India Inc hopes for economic revival under NDA 2.0

Rediff.com24 May 2019

Corporate leaders said a stable government at the Centre will help boost infrastructure spend, address agricultural distress, and encouraging employment.

Why a weak rupee is bad news for India

Why a weak rupee is bad news for India

Rediff.com16 Aug 2018

With India's imports exceeding exports, weak rupee does more harm than good. Analysts, however, say that rupee depriciation is positive for export-oriented sectors such as IT services, pharmaceuticals, textiles and automobiles

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