COO OF TATA TRUSTS
Tata to double iPhone unit capacity in Hosur; consumer lending on PhonePe soon
Tata Electronics, which recently acquired an iPhone assembly plant in Kolar, from Taiwan’s Wistron, aims to double the size of its iPhone-casing unit in Tamil Nadu’s Hosur. This and more in today’s ETtech Morning Dispatch.
Voltas aims to transform itself into one of India's top three consumer brands
Voltas, a Tata-owned company known for air-conditioners and refrigerators, is aiming to become one of India's top three consumer durable brands. The company is undergoing a transformation with increased capital allocation, faster decision making, and strengthened leadership. Voltas is also pushing for greater backward integration in its value chain and bringing more of the production process under direct control.
Tenures of Tata Trusts vice chairmen extended
Former defence secretary Vijay Singh and TVS Group chairman Srinivasan had been appointed vice chairmen in 2018 as part of the trusts' corporate governance and succession planning exercise. The Tata Trusts did not comment.
Big banks eye QR codes amid fintechs’ credit push; Google’s Prabhakar Raghavan on AI regulation & future of search
With fintechs such as Paytm and PhonePe entering the credit ecosystem, ICICI Bank, Axis Bank, HDFC Bank and others are trying to get merchants to opt for their QR codes. But will merchants using Paytm or PhonePe’s black-and-white squares switch to their bank’s quick response codes? Or will it be just another sticker among others crowding their shopfront? This and more in today’s ETtech Morning Dispatch.
IT clients push for generative AI-based solutions to drive productivity
Productivity gain is driving enterprise technology clients’ demand for generative AI solutions. But companies need to navigate IP infringement issues carefully.
Tata Trusts appoints Siddharth Sharma as CEO, Aparna Uppaluri as COO
Sharma has been in government service for two decades where he handled important assignments in key ministries of the government, and as the financialadvisor to the 13th and 14th Presidents of India. He subsequently joined the Tata group where he has been heading the newly formed sustainability portfolio.
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RK Krishnakumar, a Tata veteran, passes away at 84
The Padma Shri awardee suffered a heart attack at his home in the financial capital on Sunday.
‘Systemically important’ platforms may face more scrutiny; angels investing in foreign startups meet forex hurdle
The parliamentary committee on finance will submit a report on digital markets in the winter session of Parliament that will propose mandatory disclosures by these platforms on a regular basis, they told us.
IT industry could fall apart due to moonlighting: TCS’ Subramaniam
N Ganapathy Subramaniam, COO of India's largest software company TCS, spoke to ET about the impact of Europe's energy crisis on the company, fresher salaries being stagnant and about moonlighting
Moonlighting could topple IT industry, says TCS COO; firm plans internal 'gig' platform
Top executives of India’s IT services companies have been outspoken in their criticism of moonlighting – taking up dual employment – and both Wipro and Infosys have recently sacked employees found to be working second jobs. Now, N Ganpathy Subramaniam, chief operating officer of TCS, tells us the practice is not only unethical but presents an existential crisis to the $227-billion IT industry.
Ilker Ayci episode: Can companies compete globally when they are blackmailed by trolls or agenda-driven NGOs?
The Tatas choosing someone close to politicians was another question. But one thought that the group, with vast experience in dealing with global companies, must have done their homework and were being prudent.
Virescent Renewable Energy Trust raises Rs 2,150 cr; names Akshay Jaitly as independent director
KKR-backed Virescent Renewable Energy Trust has raised funds to the tune of Rs 2,150 crore through various financing instruments. Virescent Renewable Energy Trust (VRET) has raised Rs 1,000 crore in its debut issuance across 3, 5 and 7 year tranches, a company release said, adding that this transaction marks the first ever issuance by a Renewable Energy InvIT in India.
Ola’s $500 million shuffle
In today’s ETtech Top 5 newsletter: Ola has shuffled its cap table ahead of an IPO; Pharmeasy seeks funding after Thyrocare deal; WhatsApp puts its new privacy policy on hold; and Tata Consultancy Services (TCS) plans to step up campus hiring.
Demand supply situation remains dynamic despite a fall in new infections in country
Hotel chains such as Indian Hotels Company (IHCL), Wyndham, Oyo and ITC Hotels said they are allocating more quarantine rooms in cities and states where demand has shot up even as India's single-day Covid-19 infections have fallen below the 300,000 mark after almost four months since Monday as per data from the Union health ministry.
Three years of N.Chandrasekaran: Tracking the rainmaker’s progress
Chandra spent much of his time in the last 3 yrs consolidating Tata group businesses.
Share buybacks will be part of TCS' overall capital adequacy: N Ganapathy Subramaniam, COO
"Tata Consultancy Services has actually expanded margins by 79 bps compared to the previous year."
GOQii raises Series B round from Mitsui
Mitsui’s goal is to provide safe, secure and convenient services and enable the healthy lifestyles people deserve.
Social Finance launches $2 billion India funds
The two funds will be geared towards meeting financial requirements of projects that are aligned with the Modi government initiatives.
Corporate biggies to back non-profit startups for alleviation of poverty
The Nudge Foundation, as it is called, will offer Rs 10 lakh seed-grant to each selected startup along with an intensive six-month incubation.
From friends to foes and friends again, the inside story of Tatas, Docomo patch up
Here is the complete inside story of how Tatas and Docomo reached a deal after face-to-face meetings, mails and numerous phone calls.
N Chandrasekaran's rise puts focus on key Tata crisis managers
They mostly stayed as the backroom men but were effective in scripting the group's moves during the bruising tussle with the ousted chairman Cyrus Mistry.
LIC Nomura Mutual Fund makes two key appointments
LIC Nomura Mutual Fund AMC today said it has appointed Saravana Kumar the Chief Investment Officer, Equity and Debt, and Nityanand Prabhu the COO.
LIC Nomura MF appoints CIO and COO via new process
The fund has now appointed Saravana Kumar as the chief investment officer-equity & debt. Nityanand Prabhu was appointed as chief operating officer.
Meet Krishnan & Meena Ganesh: The husband-wife duo with 100% success rate in start-up world
They are investors, mentors and entrepreneurs all rolled into one, with the likes of Ratan Tata and Ronnie Screwvala buying into their vision.
Vishal Sikka has to rely on 'learnability quotient’ to run Infosys
But before Sikka gets to the future, he has to tide over the present concerns, which are of customer and employee confidence.
Voltas topples South Korean companies like LG, Samsung in consumer electronics; grabs No 1 spot
This was the first full year in which Voltas sustained its leadership throughout, with LG having fought back to the top in some months in FY13.
Voltas bags Rs 1,000 crore order for 3 projects in Middle East
Tata group air conditioning firm Voltas today said it has bagged three overseas project orders worth Rs 1k cr in the Middle-East.
India sinking into water stress at current usage levels
Industry says it is doing well if it puts back more water into the ground than it draws. Critics say this is a narrow definition of water conservation.
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