BUSINESS MANAGEMENT
Business first, stock second: 5 largecap stocks where management & business are better placed with an upside potential of upto 23%
What does a hospital, chemical or rather specialty gas supplier, FMCG, and real estate company have in common? Surely not the product. What binds them is the ability of management which has been tested in tough times. Another common factor, business is such that returns on investment are higher and are also consistent. The reason why these things become important at this point of time is the fact that in bull markets, there is no dearth of explanation and narrative, when putting money one has to look at one reason which becomes the focal point to avoid panic when there is correction. So, if the management and business are good then corrections will come and go and in the long term higher return would compensate for the patience which one shows in the times of correction.
HSB commenced the 2024 academic session with esteemed guests and an engaging orientation week
HSB inaugurated its academic session on June 24, 2024. Dean Dr. Gregory J. Dunn and Pro-Chancellor Harsh Pati Singhania spoke, with a special message from Prof. Hans Bernd Kittlaus. JKO leadership, IIM faculty, industry leaders, students, and families attended. Dr. Dheeraj Sanghi concluded the event. Orientation Week from June 24-29, 2024 featured a networking evening and CXO talks.
Too short to study? This university in Vietnam sparks debate with its height requirement for admissions
The School of Management and Business (HSB) at Vietnam National University, Hanoi, has faced controversy over its stance linking height to success, prompting a debate following a report by DW News. HSB set minimum height requirements of 1.58 meters for females and 1.65 meters for males for admission, with potential exceptions noted. After public scrutiny and Ministry of Education intervention, HSB revised its criteria, removing the height requirement from all but the Management and Security program.
How India can drive financial efficiency & sustainability with cloud technology
In today's rapidly evolving work landscape, organizations must strategically leverage GenAI, automation, and cloud technologies to drive business performance, reduce IT expenses, and differentiate technology. By optimizing cloud outlays and embracing sustainability efforts, banks can unlock tangible value and enhance shareholder value in addition to cost savings.
WeWork India appoints Janak Malkani to drive expansion in managed office business
WeWork India has appointed Janak Malkani as the head of managed office and sales for the West region. Malkani's extensive real estate experience will enhance WeWork India's managed office offerings, with a focus on innovative and efficient workspace solutions. WeWork India's flexible workspace market has seen significant growth, with a third of its business driven by the Managed Office portfolio, serving notable enterprise members.
Only 3% of India’s 62 million business owners have SME insurance: ICICI Lombard’s Anand Singhi
Our focus on end-to-end risk management for MSMEs through various tailored digital solutions makes us different, says Anand Singhi, Chief of Retail and Government Business at ICICI Lombard.
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Automating repetitive tasks: AI for invoicing, inventory, and more
World MSME Day: The ability of AI to manage repetitive, time-consuming, and error-prone tasks revolutionizes business operations, resulting in accuracy, speed, and cost savings.
Suits & Sayings: Brewing, Brooding
ET’s roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours.
Eurozone business activity slows on French vote risk
Euro-area private-sector business activity lost momentum as France's snap election outcome weighs on firms. S&P Global's PMI fell to 50.8 in June, disappointing analysts. Europe's economy, recovering from last year's recession, faces challenges.
JM Financial shares fall 5% on SEBI ban from managing debt public issues
Shares of JM Financial declined by 5% to Rs 83 during Friday's intraday trading on the BSE. This drop followed a decision by the markets regulator SEBI on Thursday, confirming interim measures to prohibit the company from serving as a lead manager for public issues of debt securities until March 31, 2025.
From Ramayana to cricket, management lessons for India’s family businesses
As part of its Family Business Excellence Series launched in Mumbai, TriChambers identified aspects that can help such businesses achieve their highest potential.
Quess Corp demerger process likely to complete within a year: Chairman
Quess Corp's demerger process, led by chairman Ajit Isaac, aims to unlock value at India's largest third-party staffing supplier. The company plans to file an application with the NCLT and has seen a 44% stock rally in the past year.
Kotak Alternate Asset Managers invests Rs 1,445 cr to help Matrix Pharma execute acquisition
Kotak Alternate Asset Managers Ltd invested Rs 1,445 crore in Matrix Pharma for acquiring Vaitris' API business, making Matrix the 2nd largest Indian API player with global leadership in ARV APIs.
I want to be one of the nicest guys they knew: Titan MD CK Venkataraman
Titan MD CK Venkataraman, who has been MD of Titan and Tanishq for four years, shares his experience in balancing the interests of various stakeholders, securing employee buy-in, and life after Titan. He explains that most decisions are about optimising stakeholder interest, but dealing with strong personalities with contrasting views is crucial.
SAS India business to grow faster than other markets, top executive says
The company aims to upgrade its 400-odd customers to its generative AI platform SAS Viya over the next one year, Riad Gydien, executive VP and chief sales officer at SAS, told ET.
Godrej Properties sells 5% in Godrej Green Homes to Godrej Fund Management
Godrej Properties sells 5% equity stake in Godrej Green Homes to Godrej Fund Management and Investment Advisors for Rs 46.70 crore.
US services sector activity beats expectations in May
Activity in the US services sector rebounded in May, surpassing expectations, with the ISM services index rising to 53.8%. Chair Anthony Nieves noted higher business activity, new orders growth, and employment challenges.
India's services sector softens to five-month low in May: PMI report
India's services growth slowed to a five-month low in May due to weaker domestic demand, despite record export growth and a 21-month high in job creation. The services PMI fell to 60.2 from 60.8 in April. Input costs rose, intensifying price pressures and possibly delaying interest rate cuts by the RBI.
India Inc doubles down on getting the gender mix right
Naina Lal Kidwai, chairperson of Rothschild & Co, who is also on the board of directors of Biocon and UPL, said one of the big factors fuelling this change is ESG reporting. Companies, especially the larger ones, are seeking ratings from global firms like Moody’s where one of the questions being asked is around diversity and inclusion. Indian companies also need to disclose Business Responsibility and Sustainability reporting besides adhering to integrated reporting where ESG etc, is being integrated into annual reports.
Angel One to undertake corporate restructuring, create holding company
Angel One, the country’s third largest stock broker, is set to undertake a major corporate restructuring exercise, according to two people in the know. Angel One is setting up a holding company under which all its different business entities will be held as subsidiaries.
Orient Electric appoints Ravindra Singh Negi as Managing Director and CEO
Orient Electric, part of the $3 billion CK Birla Group, has appointed Ravindra Singh Negi as its managing director and CEO, effective May 31, 2024. Negi, with extensive experience in electrical consumer durables, will guide the company towards sustained growth. He will be based in New Delhi and succeed Deepak Khetrapal as managing director.
Bharti names Sharat Sinha CEO of Airtel Business
Bharti Airtel appoints Sharat Sinha as CEO of Airtel Business, effective June 3, 2024. Sinha, with extensive global experience from Checkpoint Software Technologies Ltd and other tech giants, aims to bolster Airtel's portfolio in connectivity and adjacent sectors. Both Sinha and Airtel's management express confidence in enhancing customer value and technological innovations.
Why Sebi's decision on AIF certification is need of the hour and should be welcomed
Sebi mandates that at least one key personnel on the investment team of an AIF manager must have NISM certification. The regulation aims to signal legitimacy, promote lifelong learning, and create a talent pool in the investment industry.
Embrace the endless bureaucracy: Ad infinitum babudom, where red tape reigns!
Two babus from the ministry of dhandabaji are concerned about a crisis threatening their existence, related to the complexity of doing business in India Inc.
4 key competencies needed in a small business HR manager
Successful HR career requires superior soft skills and emotional intelligence, especially in small business settings.
IIM Bangalore launches online BBA programme in digital business and entrepreneurship
The Indian Institute of Management Bangalore is launching an online Bachelor of Business Administration (BBA) degree in digital business and entrepreneurship. The three-year program, starting in September, will target 1,000 students and include internships and practical projects. The program aims to create professionals who understand digital business and contribute to digital businesses or make traditional businesses digital-ready. The institute chose online to make the course more accessible and deliver world-class quality.
Eurozone business activity speeds up in May
The HCOB Flash Eurozone purchasing managers' index (PMI) published by S&P Global recorded a figure of 52.3, up from 51.7 in April and the highest in 12 months. Any reading above 50 indicates growth, while a figure below 50 shows contraction.
IRDAI relaxes procedural norms on expense of management, share transfer
IRDAI introduces new Master Circular, streamlining application procedures, ESOPs compliance, share transfers, and specifying timelines for prior approval and amalgamation guidelines. Reporting for capital forms and lock-in periods clarified.
Medanta management on business performance, growth outlook and more
So, on an overall basis, we are very happy with how things are going. This is in line with our stated strategy of making sure we focus on quality, driving growth through volume.
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