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Corporate Trends
Industry raises concerns about single-use plastic ban proposals; asks for uniform state-level implementation
Representatives from the packaging industry said a uniform central government notification needs to be followed by the entire country to avoid hurdles in implementation of the ban.
Tech services: Evolution from business enablers to business innovators
While the industry was already heading towards the digital transformation journey with deeper client engagements, the pandemic further accelerated it with an array of digital technologies coming to the rescue.
IOC helps bolster India's vaccination drive
"IOC is procuring CCE equipment like Ice-Line Refrigerator (ILR), Deep Freezer (DF), Walk-in-Cooler (WIC), Walk-in-Freezer (WIF) and Refrigerated Truck (RT), for handing over to the respective state governments," a company statement said.
Manufacturing companies are hiring more women in non-traditional roles
Industry executives said factory floors, which traditionally required workers to operate heavy machinery, are turning more mechanised with the use of ergonomic process lines, robotics, allowing companies to hire a more diverse workforce.
SPJIMR & FICCI-FLO Mumbai release white paper on ‘Women Entrepreneurship in India’
According to the latest Global Gender Gap Report presented at the World Economic Forum 2020, India ranks as low as 149th amongst 153 countries. It has been estimated that if India maintains its progress toward gender parity at the same pace as a fastest improving economy, it could add $700 billion to its GDP by 2025.
NHPC pays to govt Rs 891 cr as interim dividend for FY21
NHPC Chairman and Managing Director A K Singh handed over dividend payout advice to Minister of State for Power and New & Renewable Energy R K Singh in the presence of Power Secretary Alok Kumar and other senior officials of the ministry and NHPC, the company said in a statement.
HDFC Bank to cover vaccination cost of employees, family members
HDFC Bank on Friday said it will cover the vaccination cost for its over 1 lakh employees and their family members. HDFC Bank will sponsor the inoculation of over 1 lakh employees of the bank and their immediate family members against coronavirus.
SC restores NCLT ruling in favour of Dharamshi-Jhunjhunwala consortium in Ricoh India case
The consortium had challenged the ruling of the National Company Law Appellate Tribunal (NCLAT) in the Apex Court that had set aside the NCLT’s ruling in a plea filed by Kotak Investment Advisors, the private equity arm of Kotak Mahindra Bank.
Women face gender bias and unequal opportunities for career growth, say IIM alumni and students
Gender stereotyping and bias emerged as the key factors hindering the progress of women professionals, with 58% of the respondents saying they faced bias at the workplace.
Walmart names Sameer Aggarwal COO of Sam’s Club US E-commerce Unit
The latest role at Sam’s Club is the fourth promotion for Agarwal during his three-year stint at Walmart. Within eight months of joining Walmart India, he was elevated to the role of chief business officer in 2019 and made the deputy CEO a year after that.
Brightcom eyes US digital audio space, open to buyouts
The $350 million company is now open to acquisitions in the digital audio segment, as a series of 10 global acquisitions over the years account for $300 million revenue of the company, chief executive Suresh Reddy told ET.
PwC Survey: 76% CEOs say global economic growth to improve in 2021
About 36% of CEOs said they were very confident about their revenue growth prospects for the next year, and 47% said they were very confident looking ahead three years.
How the pandemic is leaving scars on the job market
When the COVID-19 pandemic hit in early 2020, the world came to a standstill, and with it people’s livelihoods. Global employment crashed with people losing low-level jobs that traditionally are high on physical contact.
PwC announces one time bonuses for all its 15,000 employees
This comes about a year after the firm had taken measures to conserve working capital amidst Covid pandemic. March last year the firm had deferred promotions, increments and bonuses of India employees.
Kiran Mazumdar-Shaw on ET Awards for Corporate Excellence 2020
ET Awards Jury member Kiran Mazumdar-Shaw (Chairperson, Biocon), highlights 3 critical attributes of corporate excellence that are being exemplified most in India Inc. today. Join us at The Economic Times Awards for Corporate Excellence on March 20. Register on www.economictimes.com/etawards #ETAwards
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