Out of legal options, Vijay Mallya may seek asylum in UK
The beleaguered businessman's team of lawyers had been working on the asylum route as a last resort.
Kala Vijayraghavan
Maya Tata may join Tata Digital
“Maya, being a youngster with considerable interest in new age analytics and technology, has been moved to Tata Digital,” said a person with knowledge of the development. Tata Digital is working on developing a number of digital platforms, for which it has committed ₹1,000 crore.
Vedanta delisting: Proxy advisory firms demand independent directors must safeguard interest of minority shareholders
Vedanta Resources Ltd (VRL) last week announced a delisting offer at a Rs 87.5 per share against a much higher book value resulting in severe criticism from analysts.
Asian Paints raises staff salaries to boost morale
Asian Paints is swimming against the tide. Instead of slashing pay and jobs — standard industry responses to the current demand destruction — India's biggest paints maker is raising salaries to boost staff morale.
Tata Trusts upgrading four government hospital buildings into Covid-19 treatment centres
Each hospital will be armed with critical care capabilities, minor operation theatres, basic pathology and radiology, facilities for dialysis and blood storage and telemedicine units. Tata Trusts is harnessing its experience in establishing cancer care facilities and connected service providers to modernise these hospitals.
TCS continues strategy to consolidate workspaces despite work-from-home plans
The software services exporter is planning to set up an over 4 million sq ft IT park spread over a 50-acre plot in Noida and is in the process of constructing its own 1 million sq ft park in Pune’s Hinjewadi. It has
Vistara trying to retain jobs & cut spending: Chairman Bhaskar Bhat
Vistara's balance-sheet is “reasonably good” in terms of liquidity and there is no pressing need for any immediate fund infusion by Tata Sons, said Bhaskar Bhat, the chairman of Tata SIA Airlines that operates the airline.
Get India fully back to business, says India Inc
Industry captains say economy and jobs must be central focus now, and policymakers have to recognise that the country will have to live with and work around Covid-19. India Inc’s growing call on reopening India for business comes amidst a blizzard of grim economic forecasts. Economic growth in FY21 can be negative, according to Nomura, ICRA and others.
Fearing a fall in salon footfalls, Lakme Lever may cut headcount
Top officials close to the development told ET that HUL will train a large set of advisors and beauty consultants, numbering about 1,500, to become entrepreneurs so that they can set up their own businesses.
Companies prefer pre-litigation mediation to force majeure
Companies in the manufacturing, services and real estate sectors, in particular, are looking at mediation to end disputes with suppliers, vendors, consumers and even lenders.
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