In its bid to attract young talent in manufacturing sector, engineering and construction major Larsen and Toubro Ltd is planning to tap villages and district level educational institutions in the country.
Workaholic CEOs find their job appealing, but their subordinates find that appalling.
Mumbai-based L&T Infotech, a part of the Larsen &Toubro group, is evaluating acquisitions of $50-200 million (close to Rs 200-820 crore) in the US, Europe and India in a bid to boost revenues.
Larsen & Toubro Limited, India's largest engineering and construction conglomerate, which has already won several contracts in China, is planning to make a major foray to tap the booming market of the communist giant.
L&T Infotech Ltd, the wholly owned subsidiary of Larson and Toubro, will hire 1,800 people over the next 18 months to reach a total strength of 5,000 professionals.
Construction major Larsen & Toubro is set to hike its topline to Rs 20,000 crore (Rs 200 billion) and said it will soon come up with a new business plan to ensure a 20 per cent annual sales growth by 2009.
Larsen & Toubro Ltd will shortly file with the Bombay Stock Exchange its plans for a trust scheme for its employees to pick up 15 per cent stake of Grasim Industries Ltd.
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India Inc raised various issues to increase trade flows in sectors like pharmaceuticals, banking, energy and infrastructure
Impact of the slowdown is most visible among promoter/owner-CEOs
SN Subrahmanyan is known to be a fitness enthusiast and loves taking long walks.
The top companies with a striking gap in pay between the senior-most executives and median employees in 2017-2018 belonged mostly to sectors such as information technology, auto and engineering.
He would not be part of the day-to-day activities of L&T in his non-executive role. He would, however, be there at important company events.
Indian IT players, over the past few years, have pressed the paddle on re-training of their employees as new technologies take centre-stage.
Tie-up with MBDA will have Indian partner as majority shareholder; first product likely in 2 years.
L&T had also sought shareholders' approval to raise $600 million through a qualified institutional placement.
Hero MotoCorp's promoter Pawan Munjal emerged as the highest paid director.
The chairman of one of India's biggest industrial groups, Larsen & Toubro Ltd sees little sign of a recovery in Asia's third-largest economy,
Aggressive Hindutva elements have also disappointed industry captains
Folk artist from Chhattisgarh Teejan Bai, Guelleh, Naik and theatre actor from Maharashtra Balwant Moreshwar Purandare will be honoured with Padma Vibushan.
The central bank may need to further ease the rates by 50-75 bps.
In the US, the ratio of the CEO to average worker pay ratio was 373:1 in 2014.
'The economy will pick up in 2020 or a little later... When it picks up, will it reach 10%, 8% or still lower? It all depends on how realistic are the diagnosis and the prescriptions that follow,' says Professor K J Joseph.
Sector added only 200,000 employees in FY16, down from 230,000 in FY15
An alumnus of IIM-A from the 1983 batch, Nanda was a Robert Braucher Professor of Practice at Harvard Law School and later a Harvard Business School faculty member, before he took charge on September 2, 2013.
50-odd biz leaders are part of Modi's entourage for the 3-nation tour
Transparency is more than welcome, but govt should not look vindictive.
The Birlas are investing $100 million in the financial services business in fiscal beginning April 1.
India Inc is either shutting loss making businesses or is hiving off allied verticals to enhance revenues.
The mood at the Indian Institute of Management, Ahmedabad (IIM-A) is festive, with one of its alumnii, Raghuram Rajan taking over as the next Reserve Bank of India (RBI) governor.
India Inc has too much on its plate to ensure double digit growth in FY16.
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