Page 17 - Indian Companies

A woke board for India

Are Indian boards too docile when dealing with the State? Should they be more vocal regarding policy?

Govt panel to iron out e-commerce delivery hurdles in curfew-hit states

E-commerce firms also making arrangements to keep their supply chains running

Govt limits industrial use of oxygen amid spike in Covid-19 cases

The decision to restrict the industrial usage of oxygen has been taken to meet the rising demand for medical oxygen

Blocking and chaining resume fraud

A mini-industry has come up to manage employee background checks. Studies indicate that one in five resumes have information discrepancy that is serious enough to be considered a fraud

Markets could see a time and price correction: Valentis Advisors MD

Returns in FY22 will be relatively more muted, but still healthy in the low double-digits, said MD Jaipuria

Mindtree ticks double-digit growth to ride on strong deal pipeline

After a strong finish to FY21, the key trigger for the stock would be the growth metrics the company will deliver in FY22

Winning Air India bidder may need to furnish Rs 15,000-crore guarantee

A former finance head of the airline said some of the lease rentals may not have been paid lately due to the severe cash crunch

Pre-packaged insolvency for small & medium firms

A notable feature of the ordinance is the pre-packaged process' two-step voting structure

Lo! Foods raises $1mn in pre-series A funding led by Chona Family Office

Bengaluru-based Lo! Foods on Friday said it has raised USD 1 million (about Rs 7.4 crore) in funding, led by the Chona Family Office, the erstwhile promoters of Havmor Ice Cream. The pre-series A round also saw participation from Ecosystem Ventures, Raveen Sastry (Co-Founder, Multiply Ventures), KRS Jamwal, Pratyush Prasanna (Gojek) among others, a statement said. The funds will be used towards accelerating growth, strengthening existing distribution networks and ramping up marketing, it added. Started in 2019 by Sudarshan Gangrade, Lo! Foods offers low-carb and Keto-friendly packaged products. It also has also ramped up to 20 cloud kitchens across Bengaluru, Delhi, Gurugram and Hyderabad that offer fresh low-carb food on demand through food delivery apps. * * * * AnKa SumMor raises Rs 3 cr funding led by Inflection Point Ventures * AnKa SumMor, a Sales and Distribution (S&D) platform for the FMCG sector, on Friday said it has raised Rs 3 crore in funding, led by Inflection ...

Governance: Putting the 'G' in ESG

A study found that over the 12 months, governance consistently ranked second, behind only a company's products, as a driver of corporate reputation

Best of BS Opinion: Legality versus morality, rising Covid-19 cases & more

Here's a selection of Business Standard opinion pieces for the day

Maharashtra curfew: Half of factories may remain shut for next fortnight

Businesses across sectors feel the heat

Apollo Tyres forays into truck and bus tyre segment in US, Canada

Apollo Tyres on Wednesday announced its foray into the truck and bus tyre segment in the US and Canada, following the launch of its passenger vehicle range in the two markets. The commercial vehicle range has been introduced under the Apollo brand although the PV (passenger vehicle) range was launched under the premium European brand, Vredestein last September, the company said in a statement. The north American range of truck and bus tyres will be produced at the company's manufacturing units in Hungary and Chennai, India. The tyre line-up will encompass a full range of regional, super-regional, coach/urban and mixed-use applications with fitments for rims ranging from 17.5 inches to 24.5 inches, it added. Apollo Tyres Assistant Vice President (Americas) Abhishek Bisht said, "Our market entry in North America is preceded by decades of global commercial vehicle tyre manufacturing and distribution expertise. We come to market positioned to make an immediate impact by offering a tier

Most Indian firms look to fill open roles internally: LinkedIn report

The report stated that seven in 10 companies in India said the main reason they hire internally is to gain an insider's perspective or a sense of progress.

Legality versus morality

Law and morality are often not aligned. Apart from regulations, we must consider the difficult perspective of character versus morality by exploring "behavioural corporate governance"

Renewed risks to recovery

Rising Covid cases could reverse recent gains

Progress comes in layers

The 'Silent Transformation of India' is now maturing, creating a fertile ground for growth of new businesses

Benetton India inks licensing agreement with Timex to launch watches

Timex India on Tuesday said it has entered into a licensing agreement with apparel brand and Benetton India for design, manufacture and distribution of Benetton watches in the domestic market. With this partnership, Benetton India will foray into the watches business. "Benetton... has joined hands with the trusted brand of watchmakers Timex India, to introduce an exclusive line of watches in the Indian market. This one-of-a-kind collaboration is part of a licensing deal where Benetton India will be at the forefront of creative inspiration... while Timex India will spearhead the overall designing, manufacturing and distribution," Timex said in a regulatory filing. The partnership, which is exclusive to the Indian market, is a strategic business move for both Benetton and Timex to deepen footprint and reach in the country, it added. Products from this partnership are slated to be launched in the second quarter of the current financial year. Sundeep Chugh, Managing Director and Chief

Modi Group's Indofil eyes higher share of global biz this financial year

Company claims to have export presence in more than 120 countries, expects further growth via brownfield and Greenfield expansions and acquisitions

Lockdowns again: Migrant crisis to job cuts, fear has come back too soon

The lockdown will hurt urban employment in April or beyond