The Confederation of Indian Industry (CII) on Sunday urged Indian startups to keep their valuation "realistic" and distinguish between the goals of the organisation and its founder. "Startups may strive for long-term value creation rather than short-term valuations. "The valuations of businesses should be kept as realistic as possible," CII said in its Corporate Governance Charter for Startups.
The BSP has not entered into any alliances and has also been keen to shed the tag of being a 'B-team' of the BJP.
'There has been a huge shift. Consumer needs and requirements have changed, and differ from city to city.'
The aggregate value of private equity (PE) deals in Indian real estate has declined nearly 30 per cent to $3.6 billion in 2023-24 (FY24) as compared to $5.1 billion in FY20, according to a report released on Monday.
It added that in the last four years, the number of CEOs earning more than Rs 20 crore has doubled. The survey titled 'Deloitte India Executive Performance and Rewards Survey 2024', based on the analysis of 400 organisations (except public sector companies), said that 75 per cent of all CEOs in India now earn more than Rs 5 crore annually. This was 66 per cent in 2020.
'The Indian retail landscape is poised for a significant shift with the anticipated arrival of several prominent international luxury fashion brands in 2024.'
The Big Four accounting firms have increased the hiring of people from technology backgrounds in India amid an increased focus of clients on digital transformation, especially after the Covid-19 pandemic. EY India said that it has expanded its overall tech talent pool by 3x in the last three years across service lines including consulting, tax, assurance, and strategy & transactions. "Today over 50 per cent of our workforce is from STEM (science, technology, engineering and mathematics) and technology background," it said, adding that it continues to hire significantly in the areas of AI, cloud computing, data analytics and cybersecurity to help its clients in transformation.
'Factors such as working professionals seeking better lifestyles, traditional housing challenges, community and networking, and urban migration for jobs are driving the growth in the co-living segment.'
From installing water-saving aerators on taps to using cans for washing hands and dishes, Bengaluru is adopting diverse strategies to tide over the water crisis. While several citizens have taken to social media to urge Karnataka Chief Minister Siddaramaiah to make work from home mandatory for IT companies, it appears that hybrid mode will continue to be the norm for most - although with new water conservation measures in place. Co-working space provider Urban Vault has, for instance, installed smart water meters to detect leakage.
The representation of women on the boards of the top 100 companies in India has improved in the last five years, said a survey released on Monday. The findings were based on the annual reports and website disclosures of Nifty 100 companies and revealed in the 4th Annual Corporate Governance Survey by Excellence Enablers Private Limited. In the year ending March 31, 2023, the percentage of women among the total directors in the top 100 companies was the highest since 2018-2019 - rising to 19 per cent from 15 per cent earlier.
On Sunday morning, the sun shone brightly on vintage cars parked in symmetry on the grounds of ITC Maurya in New Delhi. The owners were making sure the old beauties turned up spick and span for a rally organised by ITC Hotels in partnership with the Heritage Motoring Club of India. The rally would end at ITC Grand Bharat in Gurugram, Haryana, later in the day.
'The Indian economy is expected to grow in terms of per capita income and GDP, and with that, the luxury segment becomes more relevant.'
The percentage of Indian women in senior management positions in mid-market companies, with revenue between $10 million and $1 billion, has been declining since 2021, a report released on Thursday said. According to Grant Thornton's "Women in Business Report 2024", currently, 34 per cent of women in these Indian businesses have senior management posts. In 2023, it was 36 per cent. In 2021 and 2022, this percentage was 39 per cent and 38 per cent, respectively.
India Inc may offer an average salary hike of 9.6 per cent in 2024, similar to the actual increase last year, according to a report released by global professional services provider Ernst & Young (EY). The 'Future of Pay 2024' report states that the highest salary hikes are expected in e-commerce (10.9 per cent), financial services (10.1 per cent), and 10 per cent each in professional services and real estate. The expected hike will be lower than the 10.4 per cent seen in 2022. In 2023, the highest salary hikes were seen in e-commerce (10.5 per cent), and 10.4 per cent both in auto/vehicle manufacturing and financial services.
'Such steps would be a barrier and something people do not want.'
Enquiries indicate it belongs to an industrialist with links to a prominent cricketer.
'However, we have seen weakness in our active pharmaceutical ingredients business.'
In a relief to homebuyers, assets in a real estate project that have been handed over to the allottee would be kept out of the liquidation process of the company, the latest amendment to the rules by the Insolvency and Bankruptcy Board of India (IBBI) has said. The notification dated February 12 said: "For the purposes of clause (e) of sub-section (4) of section 36, wherever the corporate debtor has given possession to an allottee in a real estate project, such asset shall not form a part of the liquidation estate of the corporate debtor." Real estate experts call it a "pragmatic approach" by the regulator. "However, there are many cases where possession has not been given because the property is stuck in insolvency.
Air India and Tata Advanced Systems Ltd (TASL), a player in aerospace and defence solutions, on Monday signed a memorandum of understanding (MoU) with the Karnataka government for an investment of ~2,300 crore in the state's aerospace and defence sector. The strategic move is expected to enhance Karnataka's aerospace ecosystem and help create over 1,600 direct and 25,000 indirect jobs in the state.
'Our approach has been to work with consumers and help them drink better, not more.'
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