Company

For all its achievements, Indian industry is woefully short of global corporate brands. Given this context, the current geoeconomic scenario presents Indian firms with an opportunity to leapfrog ahead through smart acquisitions. And it’s Europe which provides the best of these opportunities

Former Gameskraft CFO diverted company funds to F&O trading, incurring Rs 250 crore losses, FIR says

The real-money gaming firm has filed a police complaint against former CFO Ramesh Prabhu for allegedly siphoning funds over nearly five years

Sigachi explosion: What the insurance covers & how claims will be settled

As investigators probe the cause of the blast, Moneycontrol explains the insurance mechanisms in place and how compensation will be processed.

India’s first asset reconstruction firm ARCIL planning to go public

The size of the IPO is likely to be in the range of around Rs 1,000 - 1,500 crore

Berger Paints to shell out more on manpower as competition heats up

Despite the entry of new players - Aditya Birla Group’s Birla Opus, JSW Paints and Pidilite Industries - Berger Paints has downplayed any adverse impact, and said it expects to gain market share as well as volumes this fiscal.

Stone laid for International Battery Company’s Rs 390-crore giga factory near Bengaluru airport

The factory, expected to begin production in nine months, will generate 300 jobs in the first phase

Phaseout of buyback tax will complicate matters for companies

The proposed changes to the buyback tax regime are poised to impact both resident and non-resident investors in India. Further, with companies being obligated to withhold tax on distributions made on account buy-back, the compliance burden of such companies would also increase significantly

Urban Company’s beauty segment workers stage demonstration in Bengaluru over ID blocking

A Gig and Platform Services Workers Union (GIPSWU) leader said that the 'auto assigning' job feature is subjecting partners to a situation akin to slavery.

Nvidia Overtakes Apple As No. 2 Most Valuable Company With Valuation Breaching $3 Trillion Mark

Nvidia's rallied to record highs on Wednesday, with the artificial intelligence chipmaker's valuation breaching the $3 trillion mark and overtaking Apple to become the world's second most valuable company. The surge in Nvidia's market value above Apple's marks a shift in Silicon Valley, which the company co-founded by Steve Jobs has dominated since it launched the iPhone in 2007

High potential talent development should be central to governments, regulators

High-potential talent, or HiPos, are the crown jewels of a nation's workforce. They possess the potential to innovate, lead, and drive progress, making them indispensable to any nation's prosperity

Every corporation needs a Marie Kondo

Employees said that they spent an average of 27% of their time on bureaucratic chores such as writing reports or documenting compliance. Every year most companies hold annual performance reviews in which managers assess their charges and the charges respond. Employees also need the opportunity to suggest ways in which the company is making poor use of their time

Sony faces Hobson’s choice with Zee merger

Does it go ahead with the deal and wait for the legal challenges to play out, is the question

Vedanta Resources set to close $1.2 billion private credit funding next week

Cerberus Capital leads the funding round with a $300 million cheque.

Faceless audit needs a human face

India needs faceless audit, but faceless audit must, as it were, have a humane, functional institutional framework, and not leave tax-filing companies to struggle against a wall of impenetrable incomprehension

The fight for a 48-hour week shouldn’t be forgotten by those demanding unduly long work hours

It is perfectly acceptable for individuals who have significant financial rewards tied to long hours to voluntarily put in any number of hours they wish to. Individuals driven by a passion to make the world a better place are also known to work long hours. But to advocate such long hours for everyone is nothing short of an exhortation to return to the exploitative practices of the early days of the Industrial Revolution

Crompton Consumer: Mediocre quarter, but long-term growth story intact

The realignment in business strategy should help the company gain market share

Nanny companies are everywhere and their rise is unstoppable

In general, corporate nannies are doing the right thing, using their corporate muscles to address pressing problems and nudging their employees to behave more sensibly. They may give in to the temptation to go too far and force us to do unacceptable things — but if they do, we can always resign and work for someone else

It’s time for a single QR code for all the world’s payments

A move toward integrating disparate apps so that one day a single QR will work anywhere in the world should lead to a vast open loop in which even the smallest of businesses can go cashless and accept funds from any customer, local or foreign

Berger Paints: Decent Q2 goes hand in hand with margin expansion

Competition is posing a big challenge to the company, going forward

Narayana Murthy's 70-hour workweek won’t help India grow

Murthy, and fellow captains of industry are wrong. Indians should be encouraged to work smarter, not longer. Instead of worrying that young Indians aren’t working enough hours, Murthy should criticise his own generation for not improving India’s education system and giving today’s workers the skills they need to compete

Ashok Vaswani and a high-wire act known as Kotak Mahindra Bank

One of the many challenges the new CEO will face is to find ways of widening access to liabilities while reducing costs

JSW Energy says Prashant Jain to step down as MD and CEO

Jain will continue to serve in his current position till 31st January, 2024 to support an orderly transition, JSE Energy said in a regulatory filing.

MNC Exits: It’s about dhanda, not India

Patience is paramount. India is not the market where one can expect quick victories, and even if you did win, it’s no indicator of its sustainability. Understanding that customers can have diverse preferences and value systems is key. All this necessitates long-term commitment and a flexible, adaptive strategy

Amber Enterprises Q2: Strategic initiatives underpin promising outlook

The contract manufacturer is focusing on diversifying revenue mix with a bigger product portfolio

Pfizer's Q2 profit down 52% to Rs 149 crore

The company had logged a net profit of Rs 311.07 crore in July-September period a year ago, according to a regulatory filing by Pfizer.