With a majority of manufacturing facilities across sectors still operating below optimum levels, India Inc awaits a pick-up in demand to ramp up production capacities as Lockdown 4.0 ends and Unlock 1.0 begins.
Cyrus Mistry’s move seeking proportionate representation on Tata Sons board based on these an afterthought, says Tata confidant.
The revised incentives focus on infusing more liquidity into the system, rewarding higher sales performance and taking care of the dealer’s overhead expenses like buying sanitisers and safety equipment. Companies like JSW Cements, Indigo Paints, and JSW Paints are converting the incentives under their loyalty programmes into cash or credit notes.
Companies like Infosys, Flipkart, Deloitte, PwC, EY and KPMG are using tools like thermal cameras, face detection software and infrared thermometers to welcome employees. Several companies have created their own applications aimed at helping employees.
RIL sold stakes in Jio to FB, Silver Lake, Vista Equity, KKR & General Atlantic to raise Rs 78,562 cr.
In sectors with no natural advantages, there is a rush to identify areas that could be recalibrated.
Amid lockdown and the coronavirus scare, digitisation has gained momentum across sectors.
From rising power bills to cramped work spaces, work-from-home is full of challenges for young professionals
A day ahead of the fourth phase of nationwide lockdown to end, Mahindra suggested 'Unlock 1.0' for the way forward. "A lockdown, by definition needs to have a defined tenure and perhaps the word itself needs to have a limited shelf life," Anand Mahindra said in a tweet.
The positives and silver lining in the current COVID-19 and economic slowdown were identified and elucidated at a webinar on ‘New Normal: Impact of Covid on Business and Economy’, organized by CII, Delhi, said a release.
The top court had on January 10 granted relief to Tata group by staying the National Company Law Appellate Tribunal (NCLAT) order of December 18 last year, by which Mistry was restored as the executive chairman of the salt-to-software conglomerate.
The group made an average bonus pay-out of 18% at group level and paid average incentives of 20%. More than 490 employees were given promotions.
Several organisations are preparing succession contingencies for senior management.
Menon has been with the company as COO since 2018. He will be responsible for business development, market growth and profit and loss for the business, the statement said. Menon has more than two decades of experience across industrial products and turnkey solutions, having played CXO roles in Oil & Gas and Power Generation companies, it said.
Online AGMs would make it easier for managements to block out “uneasy” questions on the company’s operation matrices, some investors said. Dissenting shareholders may not even be given a chance to speak, they alleged.
A broken supply chain has hit small and medium industries across the southern industrial belts. “We can do little except dusting the machine and cleaning the place,” rued Bhargav Sundaram, the chief executive at Callidai. “Mere permission to reopen does not work. The government has to fix issues such as raw material supply, transport and labour.”
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