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Business News›News›Company›Corporate Trends
Indian companies to spend half of cloud budget on hybrid over 3 years: IBM
The survey was conducted from February to April by the IBM Institute for Business Value in collaboration with Oxford Economics and covered 6,000 executives globally, including 412 executives from India, across industries, job titles and geographies.
Ambani siblings Akash and Isha listed by Fortune in the coveted 40 under 40 list
Isha Ambani and Akash Ambani, both of whom are directors at Jio, have been named as emerging leaders by Fortune and have found a place in the coveted 40 under 40 list of influential people.
IL&FS gets NCLT approval for sale of education assets to Lexington Equity Holdings
A two-member Mumbai bench of the NCLT approved the sale of IL&FS’s 73.69 per cent stake in Schoolnet India, formerly known as IL&FS Education & Technology Services, to Falafal Technology Pvt Ltd.
Why are this year’s Annual Reports special but not very useful?
Thanks to Covid, the annual reports are not as awaited this time around as in earlier years. This is because the data disclosed by companies for the year before the Covid crisis does not resonate much with the investing world that is receiving it amidst the crisis.
Vedanta, US-based Eight Capital submit binding offers for Videocon
Delhi-based television sets manufacturer Dixon Technologies is also amongst the bidders, according to these people.
60% of enterprises believe AI will disrupt their business in 2-3 years: Nasscom/EY
Seventy percent of Indian enterprises that deployed AI have achieved measurable results. Operational efficiency, customer experience and revenue growth are the main reasons why enterprises are turning to AI.
72% Indians working from home do not want to risk returning to workplace : Survey
The survey points that 56% of Indian employees are concerned about overall workplace sanitation and cleanliness, whereas 42% consider using shared workspaces such as conference rooms a bigger challenge that can lead to the contagion spreading.
Courses on digital skills, remote working top picks for Indian professionals: LinkedIn
LinkedIn on Wednesday came out with the annual Most Popular Courses list, a round-up of top courses taken most by LinkedIn members in the past year (from July 2019 to June 2020) and offers insight into topics that professionals globally are keen to learn in the current scenario.
A look at Kishore Biyani, pioneer of modern retail, who gave way to Reliance Retail
Kishore Biyani, popularly known as KB among colleagues and considered as the pioneer of modern retail in India taking convenience shopping to the masses, is finally bowing to the winds of change blowing across the sector, giving the control of what he nurtured for over three decades to Reliance Retail reports PTI.
Indian travellers prioritising personal safety over business needs: SAP Concur
“Emerging expectations around health and safety due to the current pandemic requires the travel industry to adapt, innovate, and transform to usher in a ‘new normal’,” said Mankiran Chowhan, managing director-Indian subcontinent at SAP Concur.
Reliance’s Future deal for nearly Rs 25,000 cr gives it the offline muscle it needs
According to a report by PTI, billionaire Mukesh Ambani’s Reliance Industries on Saturday announced the acquisition of Future Group for Rs 24,713 crore to bolster its fast growing retail business. “Reliance Retail Ventures Ltd (RRVL), subsidiary of Reliance Industries, will acquire the retail and wholesale business and the logistics and warehousing business from the Future Group as going concerns on a slump sale basis for lump sum aggregate consideration of INR 24,713 crore,” the company said in a statement.
Most companies that availed loan moratoriums were facing challenges before COVID-19: Crisil
The RBI introduced the loan moratorium from March to help businesses and individuals impacted by the pandemic. Interest on the loans will keep getting accrued, but a borrower will not be tagged as a defaulter for non-payment.
In a first in India, RPG allows all sales employees to now work from home permanently
The $4 billion group, which has a presence in tyres, IT, health, energy, infrastructure and plantations, has framed a new policy wherein all its sales people will permanently work remotely, whileother employees would WFH 50% of the time. For office-based staff, this can extend to 75% in special cases.
SBI seeks to invoke Rs 3,000 crore personal guarantees of Atul Punj
The country’s largest lender has served notices on Punj, asking him to explain how he intends to make the payment and has sought a reply from him.
Automation, artificial intelligence to be central in the post-Covid world
“We are in an environment that is getting more and more volatile every day,” said Siemens India MD Sunil Mathur, said. “At the same time, customers are becoming even more demanding. The challenge that most manufacturing companies are facing is how to balance these two.”
Virtual innovations enable to honour hiring commitment during COVID-19: L&T
The conglomerate said various virtual innovations helped it hire candidates and the joining of over 940 trainees was done in virtual mode.
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