India Inc has weathered many a storm during Covid-19: from supply chain disruptions to demand dips, steep increase in input costs to shortage of key raw materials. As most companies navigated unprecedented challenges on multiple fronts, realisation dawned also about the criticality of employee welfare in the survival of the business. And it was the human resources (HR) department that faced the greatest test on this front.
Observing that India's worsening COVID-19 situation and the strict measures to contain it have hit the economy hard, the rating agency said productive capacity has been severely disrupted since the start of the pandemic.
A special anti-money laundering court in New Delhi has attached assets worth over Rs 37.86 crore belonging to former Karnataka minister and mining baron Gali Janardhan Reddy and his wife in connection with an alleged multi-crore iron ore mining scam.
So far, brokers only reported margins at the end of the day, which is why they were able to give additional leverage even if the client didn't have minimum margins.
The Reserve Bank of India (RBI) is precariously balancing two opposing objectives - maintaining easy financial condition in the domestic market, while ensuring external stability - and economists have started taking note. They say India is going through the classic trilemma of the 'Impossible Trinity'. The RBI cannot have an independent monetary policy (setting domestic interest rates) in an environment of an open capital account and flexible exchange rates. What is even more complicated for the central bank now is that financial market stability overlays all the other three objectives.
'I came to know that there was a big racket going on in the selling of onions. Private players were hoarding onions and these things cannot happen unless they have political patronage.'
The MG Motor India management is focused on scaling up and launching smaller cars to play the long game in the country, says Pavan Lall.
The issue also underscores the growing scrutiny by investors and voting advisory firms of the performance of board members.
This has been facilitated by the launch of StarReferral by Global Talent Metrics, a talent research company with offices in Bangalore and Chennai, in association with i-mint, the consumer rewards programme pioneered by Loyalty Solutions and Research Ltd. StarReferral, an online employee referral programme, is a Web 2.0-based service that combines the power of social networks and the reward point system to help employers source better candidates to fill the vacancies.
Employee integration and branch rationalisation are major challenges.
While the COVID-19 pandemic has completely halted production and new orders, exporters say that payments have also been delayed for the shipments sent before the lockdown. Exporters say some customers are not taking delivery of the shipments because they have shut shop. Ready-made garment players had been hoping for a revival in demand in China but with the virus spreading to Europe, the US and other major markets, there are no orders coming from the major retailers.
There were nearly 4,000 cabin crew with Jet when the airline was grounded; every fifth remains without a job to date. One cabin crew member with 10 years of experience has been forced to take up a teaching job; some have branched out into small businesses. Aviation jobs were scarce even before the Covid-19 pandemic arrived on Indian shores in early 2020. The situation has been exacerbated since.
Without making any direct reference to the three new farm reform laws or to the three-month-old agitation by farmers, Modi said there is a need for expanding options for the country's farming community to sell agri produce.
'It may take two years for the economy to return to normal.' 'We should ensure that the vulnerable do not dig into their savings or give up their assets because that will set them back by several years.'
The operating income of the bank fell by 5.17 per cent to Rs 25,612 crore during April-June quarter of 2017-18
India is building its oil reserves in underground rock caverns and tanks
New regulatory rules, softer freight rates and a liquidity crunch at non-bank lenders are among the reasons.
the ratings agencies have been inconsistent in their treatment of China and India. Given this record -- what we call Poor Standards -- my question is: why do we take these rating analysts seriously at all?," Chief Economic Adviser Arvind Subramanian said on Thursday.
Many companies are putting HR's reputation as a back office administrator to rest by either outsourcing or automating most administrative tasks.
In the European countries, one of the pivotal issues is quality control. Once a product is granted GI there is little possibility of fakes, which is not the case in India
Unless we control the coronavirus, we are going to struggle to get our economy and country back on track. The spectre of the virus haunts recovery, warns Naushad Forbes.
The corona deaths in India so far add up to 91,149 (September 24, 3.26 pm). It is seven-and-a-half times the number of Indian soldiers slain in all the wars (1947, 1961-1962, 1965, 1971 and 1999) in post-independent India's history, observes Ambassador M K Bhadrakumar.
Cricket Australia termed 'arrogant' and 'controlling' in stinging review report
Designing is another critical area for him, especially in the business of furniture.
If you have an active trading account or have consumer loans or thinking of taking out a loan, consider investing in NBFCs, says Devangshu Datta
Monsoon is likely to be below normal in the current year at 93%.
The interest it has generated among designers who are helping create new styles and uses for the product is likely to leave a lasting imprint on the future of khadi.
The overall debt servicing metrics of Indian corporates are weak.
The cloud kitchen market in India will hit $1.05 billion by 2023. Just 13% of the total market has been utilised so far.
'Probability has increased for India to have improved fundamentals'.
Uttar Pradesh, last year, recorded the most 2,60,028 deaths attributable to air pollution, followed by Maharashtra at 1,08,038 and Bihar 96,967, it said.
Combined debt-equity ratio of top companies declines but interest expenses outgrow profits.
'He should bring in a working president from outside the family.'
Social media teams ensure there is something new around the movie every few days and as the release date nears, every few hours.
'The leadership values I learnt while playing cricket in India helped me compete vigorously in the face of uncertainty -- putting the team first and bringing out the best in everybody.'
Even though the powers of the board of directors stand suspended once a company's insolvency process begins, it does not absolve the directors from actions taken up to two years earlier.
Jain was the architect of Deutsche's investment banking business and placed one of his former trading heads, Alan Cloete, in Hong Kong as co-CEO for Asia Pacific in 2012.
'Breaking down silos and ensuring a more integrated governance process is just as important to performance.' 'It has been a major priority in the last six years, especially in national security,' External Affairs Minister Dr Subrahmanyam Jaishankar points out when delivering the Sardar Patel Memorial Lecture-2020: India and the Post-Covid World.
Growing protectionism in their main markets - the US and the UK - has forced them to hire local workers, upending the cost arbitrage model they had built their business on.
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