IT-BPO company Zensar to have 30% workforce based at home to cut office spends, draw talent
Ashish Narsale finds out what's so exciting about Player Unknown's Battlegrounds latest version.
Anant Goenka, 30, son of RPG Group chairman Harsh Goenka, will take over as managing director of Ceat, where he is currently deputy managing director a post the tyre producer created two years ago.
The company is planning to open a global development centre in Jordan.
Some sectors like aviation, hospitality, travel and tourism, and automobile have witnessed zero cash flow since the lockdown began.
RPG Group company KEC International on Tuesday said that it would acquire US-based SAE Towers Holdings for $95 million.
Anand Raghuraman, partner, The Boston Consulting Group, said it is extremely tough to make money on small food and grocery stores.
A trooper of the Border Security Force was by firing from the Pakistan side near the international border in Hiranagar area of Jammu Saturday.
Ceat, the tyre manufacturing company of the Rs 16,000-crore RPG Group, will double the capacity of the radial unit it has set up in Halol, Gujarat, with an additional investment of Rs 630 crore.
While some like RPG's Spencer's and Wadhawan group's Spinach say it will encourage them to invest more in cold chains, others such as Aditya Birla Retail and Future Group said the announcement has come too late and helps fresh produce and chilled product suppliers more than retailers.
Brokerage Edelweiss Securities said if the NDA returns to power with a clear majority in line with exit polls, markets would rejoice the policy continuity.
Zensar Technologies, the Rs 900 crore RPG Group's software services company, expects Rs 200 crore from its domestic business this fiscal, up from Rs 40 crore last year. In an interview with Pradipta Mukherjee, Vice-Chairman and CEO Ganesh Natarajan says the company is on an expansion and hiring mode, defying the freeze in the industry
The move comes on the back of a series of next generation family members taking over the reins from current promoters. Roshni Nadar, daughter of HCL founder Shiv Nadar, took over as CEO of the company in July. Nandini Piramal, eldest child of Ajay and Swati Piramal, became executive director of Piramal Healthcare in April.
The state needs great numbers of new-generation entrepreneurs.
Seeking stringent action against the perpetrators of the Pulwama attack, India Inc said 'now we have to make sure that the world knows that they can't mess with us'.
A defence spokesman in Jammu said miscreants fired three rocket propelled grenade rounds at Nangi Tekri posts in the Krishna Gathi area in the Poonch district on Saturday morning
CEAT was for all practical purposes a sick company in 2001.
The officials said the freed Taliban leaders include Sheikh Abdur Rahim and Mawlawi Abdur Rashid, who had served as the insurgent group's governors of Kunar and Nimroz provinces respectively during the Taliban administration before it was deposed by the US-led forces in 2001.
He did not believe in any fiscal puritanism. In 2012, when it was almost certain that the government will breach the 2012-13 fiscal deficit target, he wrote that in abnormal times, abnormal measures are required to get back to normalcy.
The CD, which will have 1940s' film songs, will remind Pakistanis of undivided India and the undivided talent in the Bombay film industry. The first song is Jab Dil Hi Toot Gaya by Kundan Lal Sehgal from the film Shahjahan. The album signs off with the title track of Kabhi Alvida Na Kehna by Sonu Nigam.
Across the country, companies have stepped up their act to contain the crisis. IT and other new economy firms seem to have taken a lead.
Spencer's, the retail arm of the Rs 13,500-crore RPG Enterprises, will be focusing more on large format stores this fiscal and prune down investments per store in order to beat recession blues and turn the company profitable.
National Agricultural Cooperative Marketing Federation, the central government's procurement agency for non-cereal crops, is in talks with leading retail companies to serve as a back-end supply chain in agri-commodities.
Less than a week after five soldiers were killed in an ambush at the Line of Control in Jammu and Kashmi, Pakistan on Monday violated the bilateral ceasefire in the Poonch sector along the Line of Control, according to a defence spokesperson.
During the two-week intense and exacting military training, the two countries' contingents conducted focused training to understand the functioning of each other.
The site, christened MySpace India, will offer music through its partnership with SaReGaMa, the well-known music label owned by the RPG group. The site will organise a group of 30 aspiring bands from across three cities for the initiative. MySpace India industry alliances include a partnership with India's largest television network Star TV.
Though end-of-season sale is common in the first week of February, what is interesting this time around is the quantum and timing of the offers. Retailers are giving away 20-25 per cent additional discounts, compared to the last year. Also, they began giving discounts at least three weeks before the ususal timing.
Supermarket chain Spencer's Retail Limited has lined up a capital expenditure of Rs 400 crore (Rs 4 billion) for south during the current financial year.
Spencer's Retail, the retail arm of RPG Group, says it has seen a 30-40 per cent decline in the rentals in Tier-II and -III cities. In Tier-I and metropolitan cities, the correction is in the range of 15-20 per cent, and a further correction and its impact is likely to come in the next few months.
A foreign visitor to the city agreed, but with a note of caution. "West Bengal as an investment destination remains to be first on the list for the Australian mining companies as this state is rich in minerals," said John McCarthy, Australian High Commissioner to India, in Kolkata to attend a seminar.
It would pave the way for Jammu and Kashmir to attract large-scale investments, the industry leaders said.
"I want RPG to be the most exciting workplace in the country," Harsh Goenka says.
Spencer's Retail, the Rs 800-crore retail arm of the RPG Group, will expand its range of fashion merchandise with the launch of private labels as well as foreign apparel brands, in an attempt to revamp its image as a fashion-centric brand instead of just a food retail chain.
Ceat Tyres, an RPG Enterprise-promoted company, would soon set up a sales and marketing division in Europe and the US by next year to increase its international footprint.
Rediff.com readers wish the India batting maestro on his 53rd birthday.
KEC International Limited, a part of the Rs 9,500-crore (Rs 95 billion) RPG Enterprises has floated a joint venture company with the Power Engineers Inc of the US in a bid to tap the North American market.
West Bengal Chief Minister Mamata Banerjee's maiden visit to the financial capital Mumbai drew an enthusiastic response from India Inc with industry captains queuing up to attend the meeting called by her.
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