Page 2 - Corporate

Corporates relook at work-from-home policy as Covid cases resurge

India reports a single-day spike of 702 cases; 6 deaths

Global corporate landscape 2023: Mergers, closures, and leadership shifts

From acquisitions & mergers to resignations 2023 has been a year of significant milestones in the global corporate world. Here is a recap on all the major event that unfolded in 2023

Himachal to charge 8% stamp duty on corp mergers, separations: Minister

The Himachal Pradesh government will fix the rates of sand and gravel and will also charge a stamp duty of 8 per cent on merger of companies or separation of partners of companies, according to an amendment bill passed by the Assembly. The government will also charge 6 per cent stamp duty on the lease amount on the auction of mining leases. These steps are aimed at raising the resources, said state Revenue Minister Jagat Singh Negi, who introduced the Indian Stamp (Himachal Pradesh second amendment) bill 2023 in the House on Friday. After discussion on the last day of the winter session, the amendment bill was passed by voice vote. In response to the discussion on this bill, Negi said that industrial companies merge with each other and the government does not get anything in return. No stamp duty is levied on them, which causes loss to the government. In such a situation, the government is making a provision to impose an 8 per cent stamp on these companies so that resources can be

AI to Cloud: With eye on the future, smart office boom grows louder

Smart office buildings, which incorporate features such as smart desks, motion sensors, and indoor digital maps, may grow up to 30% in five years

Rajnath Singh urges corporate sector to focus on voluntary contributions

Commending the socially conscious people, especially the corporates, for their contributions, he termed it as a responsibility of the country to recognise these individuals

315Work Avenue leases 162,000 sq. ft. of shared office space to BNY Mellon

315Work Avenue now has five centres spread across 0.5 million square feet in Pune, totalling around 10,000 seats in the city and plans to double it by 2024

MCA to soon launch centre to process all compliances for companies

These would include forms related to the increase, redemption or cancellation of share capital and debentures, return of deposits, registration of charges, and appointment of directors

Early birds' Q2 profit soars, revenue growth slowest in 11 quarters

Earnings up 21.8% Y-o-Y; top line a worry

India's net direct tax collection up 23% at Rs 8.65 trillion till Sept 16

Improved profitability, compliance lead to jump in direct taxes

Important to remove bias rather than woman tag: Women leaders in tech

Women in corporate India believe that removing the bias attached to women entrepreneurs and leaders is more important than shedding the tag itself, as females in the workforce are a role model for others who follow in their footsteps. On the occasion of Women Equality Day, women leaders in tech, that PTI spoke to, said their journey reflects opportunity, determination as well as a responsibility, and hence they would not want to shed the "woman" label. Mintoak chief product officer Rama Tadepalli said it would be better to "retain the woman tag and remove the bias." "I don't want to actively shed the label, as I've come to understand that when a woman achieves success, whether as an employee, entrepreneur, or in any capacity, she assumes a role with both opportunities and responsibilities." Edelweiss Asset Management Limited MD and CEO Radhika Gupta said. This entails being a role model for other women who observe the journey and the generations that follow, she added. SUGAR Cosme

Mental health platforms aim for higher growth on rising corporate tie-ups

Several firms are eyeing growth due to an increase in corporate tie-ups and rising awareness about mental health

Hindenburg 2.0? Soros-backed OCCRP said to be planning another 'expose'

Months after a US short seller shook markets with a damning report on the Adani group, the Organised Crime and Corruption Reporting Project (OCCRP) - an organisation funded by likes of George Soros and Rockefeller Brothers Fund - is said to be planning another 'expose' on certain corporate houses in India, sources said. OCCRP, which calls itself "an investigative reporting platform formed by 24 nonprofit investigative centres... spread across Europe, Africa, Asia and Latin America, may publish a report or a series of articles, three sources with knowledge of the matter said. An email sent to OCCRP seeking comments remained unanswered. Founded in 2006, OCCRP claims to specialize in reporting on organized crime and largely publishes these news articles through partnerships with media houses. On its website, it identifies the Open Society Foundations of George Soros, a financier with a penchant for funding radical causes around the world, as one of the institutional donors. Others ...

Farmers, workers protest against Centre's 'pro-corporate policies'

Farmers, agricultural labourers and industrial workers on Wednesday took part in a nationwide protest organised by different organisations against the "pro-corporate policies" of the BJP-led government at the Centre, said an outfit of cultivators which participated in the agitation. The protest coincided with the 81st anniversary of the Quit India movement. The agitation's slogan was "Corporate Looters, Quit India, Quit Agriculture. In an official release here, Ashok Dhawale, president, All India Kisan Sabha (AIKS), said lakhs of peasants and workers came out on the streets to send a resolute message against the "corporate-communal nexus". Demonstrations and rallies were held across the country by the Samyukta Kisan Morcha (SKM) and the Joint Platform of Central Trade Unions (JPCTUs). The AIKS, Centre of Indian Trade Unions (CITU) and All India Agricultural Workers' Union (AIAWU) coordinated the programme. Rallies were taken out in Churu (Rajasthan), Bhiwani (Haryana), Solapur and

Companies play catch-up as cybersecurity attacks rise in digital India

A breach at Suzuki Motorcycle India forced the company to halt production in May, and India's largest drugmaker said in March a ransomware attack will have an impact on revenue

White-collar hiring in India witnesses 3% decline in June: Report

White-collar hiring in India witnessed 3 per cent decline in June as sectors such as IT, Retail, BPO, Education, FMCG and Insurance also showed cautious hiring sentiments, a report said on Monday. According to the Naukri JobSpeak Index, on a year-on-year basis, June witnessed a 3 per cent decline with 2,795 job postings compared to 2,878 in June 2022. On a month-on-month basis, the job postings fell by 2 per cent. The Naukri JobSpeak is a monthly Index representing the state of the Indian job market & hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com. "The white collar job market of India is witnessing a structural shift. For a long time, jobs in the tech sector and in top metros were the key drivers of white collar job growth. "Of late, jobs in the emerging sectors such as real estate, oil and gas, pharma and BFSI have emerged as significant contributors to job growth," Naukri.com Chief Business Officer Pawan ...

Only 13% employees feel safe to express ideas without fear: Report

Only 13 per cent of the employees said they feel safe to express their thoughts and ideas without fear of judgment or negative consequences in their offices, according to a report. The report titled 'Diversity, Equity and Inclusion' by HR solutions provider Genius Consultants, released on Saturday, is based on an online survey of 2,002 respondents across various sectors. The survey was conducted from April 12 to May 24, 2023. The participants were from various sectors, including banking and finance, construction and engineering, education, FMCG, hospitality, HR Solutions, IT, ITES and BPO, logistics and manufacturing. According to the report, there is a significant gap, as only 13 per cent of respondents feel they can communicate their concerns safely within the organisation, which indicates that the maximum percentage of the employees of their organisations need to create a safe and supportive environment for open communication. The report further revealed that 59 per cent of the

Women needed in boardrooms, needs mindset change: Arundhati Bhattacharya

The representation of women in corporate boardrooms needs to be "far more", and it will involve a change of mindsets, determined action and focus, Arundhati Bhattacharya, the top boss of Salesforce India and former Chairperson of SBI has said. Bhattacharya smashed the glass ceiling in 2013 when she became the first woman to lead State Bank of India (SBI) in the bank's over 200-year history. She retired from SBI in 2017 and went on to reinvent herself with a brand new career innings at the helm of cloud-based service provider Salesforce India in 2020, as Chairperson and CEO. Speaking with PTI, she said Indian businesses need to see digital transformation as a "must have" and not merely as something good to have. Organisations that have inefficient processes, data residing in silos and manual processes, or skill gaps will fall behind, unless they adopt tech and digital, she advocated. Every single sector - be it healthcare, automotive or manufacturing presents an opportunity for ...

Pernod Ricard's India head of corporate affairs Yashika Singh quits

Singh, who headed corporate affairs for the Indian market, with focus on regulatory matters, including related to manufacturing and government policy, resigned last week

Japan aims to raise female executives ratio at top firms to 30% by 2030

The Japanese government approved a women empowerment policy package with the target of having female executives account for more than 30 per cent of board members

Video calls will soon be 3D meetings

Google's latest video-calling solution is a combination of technologies that offers life-like immersive experience. It feels as though person is talking to another across window, not a glass screen