After stepping down from the board with effect from September 30, he will remain as Chairman Emeritus of the FMCG firm, according to a statement issued on Wednesday. The 79-year-old industrialist passed on the baton of GCPL to his younger daughter Nisaba Godrej in 2017 after leading the company for 17 years.
As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year's 8.8 per cent but still the fastest-growing major economy, with higher inflationary pressures and uneven recovery of the labour market curbing private consumption and investment, according to a UN report. The UN Department of Economic and Social Affairs said in its World Economic Situation and Prospects (WESP) report released on Wednesday that the war in Ukraine has upended the fragile economic recovery from the pandemic, triggering a devastating humanitarian crisis in Europe, increasing food and commodity prices and globally exacerbating inflationary pressures. The global economy is now projected to grow by only 3.1 per cent in 2022, down from the 4.0 per cent growth forecast released in January 2022.
In another senior-level exit from Infosys, Humberto Andrade had quit as head of the company's Latin America business process outsourcing (BPO) operations to join rival Capgemini.
In a virtual conference from Moscow, Dmitriev said Sputnik V is not only 'one of the most effective' but also among the 'affordable' vaccines in the world.
The company, which already has around 66 per cent market share in the hatchback segment and about 50 per cent in the overall domestic passenger vehicle segment, currently sells Vitara Brezza and S-Cross in the SUV segment. In an interaction with PTI, MSI managing director and CEO Kenichi Ayukawa acknowledged that there was some lag in launching new products due to the pandemic but the company is now on track regarding new model launches.
IT industry's growth will largely be led by next-generation technologies and services with areas like data, cloud and cybersecurity expected to see huge incremental growth, Wipro CEO Theirry Delaporte said. Wipro has also closed several acquisitions in the second half of FY21 across key markets like the US and Europe, which has helped the Bengaluru-based company strengthen its local presence and service offerings, he said in his note in the company's FY2020-21 annual report. "We know that industry growth will largely be led by next-generation technologies and services. "We can therefore expect to see huge incremental growth in areas such as digital, cloud, data, engineering, cybersecurity.
72 per cent of the revenue of Indian firms (India Inc) is derived from the domestic / home market - the sixth highest in percentage terms in the emerging market (EM) and the Asian region, said a recent report by Morgan Stanley. The balance, according to the report titled 'Global Exposure Guide 2021' co-authored by analysts led by Jonathan F Garner, their chief Asia and emerging market strategist, is split between the developed markets (DMs) and other EMs. The report is based on an analysis of 3,300 companies globally that have revenue exposure in 17 different regions.
Colombia are on the verge of a berth in the knockout round. It is probably the end of an era for the Spanish La Roja and a new beginning for Colombia, says Mauktik Kulkarni.
Leaders from Latin America and beyond were in Venezuela's capital Caracas for the state funeral of late president Hugo Chavez on Friday.
Sam Pitroda, who holds close to 100 worldwide patents and has published and lectured widely in the US, Europe, Latin America and Asia, answered our readers' questions on the Union Budget on February 28.
Foreign Direct Investment flows to India in 2021 were 26 per cent lower, mainly because large M&A deals recorded in 2020 were not repeated, the UN trade body has said.
Soccer was one example of a sector in the economy that could reopen relatively quickly, and that the government is in talks with clubs and the Brazilian Football Confederation (CBF) about the timing.
Significant market size in these countries would help in biz expansion
Growth rates in traditional markets are slowing and airlines need to reshape their networks.
If Indian money looks around at the economic climate and decides instead to go to Latin America, West Asia, or China, then why would foreign money's decision be any different?
Global automobile majors are looking to leverage India's cost-competitive manufacturing practices and turn the country into an export hub for utility vehicles.
We bring you a collection of some of the odd, crazy moments from around the world in recent weeks.
Dynamic of IT, religion will create a new industry, generating software and service opportunities.
No strong indicators from Romney on his policy towards India, the Pakistani use of terrorism against India and the Indian interests in Afghanistan, says B Raman.
JetBlue Airways is ranked as the world's best budget airline.
'If only our roads were less congested, metros less crowded, markets a little more cleaner and air and water purer our happiness would be greater...'
The Catholic Church in India expects more representation in Vatican during Pope Francis' tenure considering the humble background of the first pontiff from Latin America.
The newly elected Pope Francis has made history in more ways than one. Being dubbed as the Pontiff of Firsts, Jorge Mario Bergoglio is the first non-European leader of the world's 1.2 billion Catholics in more than 1,000 years.
Controversial Liverpool striker Luis Suarez believes he is picked on by the British media but admits that he did dive earlier this season in a Premier League match.
India will continue to be a focus of the European Community's humanitarian assistance in 2013, but five major global hotspots of crises, including Pakistan, will receive the largest chunk of over 661 million Euro aid earmarked for this year, the European Commission has said.
Replacing Iran, which is India's third largest oil supplier behind Iraq and Saudi Arabia, will not be a problem but margins will be hit as Tehran offers the best commercial terms
According to reports, the 57-year-old was seen being from his seat, before collapsing into a chair inside the stadium.
Let's take a look at how coffee is processed and shipped in El Salvador.
'...signatures.' 'But such signatures are missing in this virus.'
'Beijing is comfortable with Hasina's pragmatism -- perceived as 'pro-India', but staying out of Indian orbit and receptive to forging close ties with China and yet, siding with neither neighbour,' says Ambassador M K Bhadrakumar.
In a lifetime of teaching and leading priests in Latin America, which has the largest share of the world's Catholics, Bergoglio has shown a keen political sensibility as well as the kind of self-effacing humility that fellow cardinals value highly, says his official biographer, Sergio Rubin.
The financial services industry, especially banking, is in the midst of massive upgrade of existing IT set ups to cope with future regulatory and customer-driven online and mobile services, said Vijay Sharma, vice president & head domain & industry advisory services for banking, financial services and insurance.
India has said the United Nations Security Council in its present structure is "completely out of tune" with global realities and serves "no one's purpose", asserting that an expansion in the 15-member body should have permanent representation from Asia, Africa and Latin America.
From zero revenues eight years ago, Lupin has posted Rs 621 crore (Rs 6.21 billion) in sales last year-that too in a country regarded as one of the toughest markets in the world for generics.
Here's a first look at the Brazilian bombshell's latest sizzling campaign for Cia Maritima swimwear.
Global aviation industry would improve its profit from $6.7 billion to an estimated $8.4 billion thanks to the two countries.
Let's take a look at some of the major rice producers in the world.
Employees in Latin America (86%), the Nordic region (84%),North America (79%) and South EastAsia (75%) are most likely to get a pay rise in 2013.
The innovative fusion sport of football-golf is helping Argentine courses stay afloat in testing economic times when golfing revenue alone is often not enough to cover costly maintenance fees.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances