CORPORATE CULTURE
Regulatory pressure, push from leadership lead to better compliance standards in India Inc: EY report
A new report from EY shows India Inc.'s improved adherence to compliance and integrity standards, driven by regulatory pressure and management focus. The survey highlights key factors like policy developments, leadership role, and customer demand for ethical standards.
Best Sudha Murty books: A Journey Through Timeless Tales and Cultural Richness
Sudha Murty's best books offer a delightful blend of simplicity, wisdom, and cultural richness. Her works, including "Wise and Otherwise," "Mother I Never Knew," and "Grandma's Bag of Stories," capture the essence of Indian traditions and values. Through her captivating storytelling, Murty presents tales of kindness, resilience, and moral lessons, appealing to both children and adults. Explore the best books by Sudha Murty for a treasure trove of timeless narratives that inspire, educate, and entertain, making them cherished reads for generations.
Nita & Mukesh Ambani throw grand mass wedding ceremony for the poor ahead of son Anant’s wedding
Nothing embodies the spirit of love like a mass wedding! In celebration of their youngest son's upcoming nuptials, the Ambani family hosted a grand mass wedding ceremony for over 50 underprivileged couples from Maharashtra's Palghar on July 2.
Ambani family organize 'Samuh Vivah'for 50 underprivileged couples before Anant-Radhika's wedding
Ambani family hosts 'Samuh Vivah' for underprivileged couples, blessing them with gifts, cultural dances, and a lavish dinner, fostering joy and community spirit to celebrate love and new beginnings with a touch of social responsibility.
US trade body approves funding to develop integrated aviation hub in Hissar
The US Trade and Development Agency supports the establishment of an integrated aviation hub at Hisar Airport in Haryana, aiming to strengthen India's supply chain network through enhanced cargo and logistics infrastructure. The agency's collaboration with the Haryana Airports Development Corporation reflects a shared commitment to advancing aviation capabilities in the region.
With Odisha and Andhra being governed by NDA 3.0, will Aquaculture, a sector dominated by small caps and troubles, see a turnaround?
When looking at any sector, it is good to know the history of that sector, it helps in bringing the context to the possible investing time frame and also the risks which come with that particular investment. Aquaculture as a sector came into limelight in 1992-93. Best of the names of India Inc of that time entered the sector as the Indian economy was opening up and exports were expected to pick up. It was assumed that given the long coastline the production of shrimps would be an easy business to grow. But reality turned out to be very different and the story is full of troubles. There were multiple reasons, right from the nature of business itself and lack of coordinated and sustained support by the government. But now with NDA 3.0 in power in two states which dominated this sector, will there be a more coordinated effort to bring this industry back on track and turnaround is sustained?
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View: Mere pass tee hai, wear your heart on your shirt
India's growing soft power is reflected in the evolving t-shirt culture, with localised content becoming popular. The history of t-shirts, from Western undershirts to wearable billboards, highlights the shift towards culturally recognisable designs in the clothing industry.
While stepping down, very few independent directors speak up
Till date this year, out of 180 independent directors who resigned from corporate boards citing "personal reasons", only four have mentioned issues such as corporate governance or lack of transparency for doing so. In recent weeks, though, Nisaba Godrej stepped down as independent director on the board of VIP Industries citing accountability issues while Marc Desaedeleer resigned from Suzlon board citing "transparency" issues.
12 Lessons from Polls 2024
Lessons in governance and strategy for corporate India from the 2024 Elections and the formation of the third NDA government include the importance of competition, cooperation, feedback, communication, supply chain management, consumer knowledge, CEO dynamics, outsider directors, underdogs, and consistent performance.
The rising importance of the chief trust officer
Businesses are emphasizing trust by appointing a Chief Trust Officer (CTrO) to oversee trust-building initiatives. This role involves assessing trust levels within and outside the organisation, focusing on domains like corporate culture, compliance, and customer experience.
Equity's 4-year rally sees more Indians adopting SIP culture
Covid-induced lockdowns, which spared millions of ordinary officegoers the daily commute and spawned a loyal army of equity investors, appear to have drastically altered the asset-class mix of household savings in India.
Public affairs & advocacy - a career choice
Advocacy and Public Affairs have evolved significantly over the past decade, transforming into a strategic function for corporates. The landscape now includes policy analysis, stakeholder engagement, and risk management. The introduction of policies like the Pre-Legislative Consultation Policy has increased public participation in the legislative process, fostering transparency and inclusivity. Public Affairs in India is evolving to champion knowledge-based engagement and inclusive practices, with companies increasingly recognizing the importance of engaging with Public Policy professionals for business decisions.
Companies become stricter on return-to-office mandates, but considerate on employee needs
As the market shifts from being an 'employees' to an 'employer's market', return to office calls have been getting louder, with some companies even penalising employees who don't toe the line. However, while expanded flexibility is discretionary, there are several such examples across organisations.
Air India names Tata Projects' Sanjay Sharma as new CFO
Air India has named Sanjay Sharma as its new chief financial officer, succeeding Vinod Hejmadi who retired after a long tenure with the airline now owned by Tata. Sharma brings over 30 years of experience in Corporate Finance, Investment Banking, and Real Estate, having held key finance positions at Tata Projects Limited and other reputable organizations. He will report to Air India's CEO & MD, Campbell Wilson.
Strategies for effective implementation of family business constitutions
This article explores strategies for the effective implementation and bridging the divide between the aspirational ideals outlined in the constitution and the lived reality of day-to-day interactions, long-term strategies, decision-making processes, and familial aspects of harmony and togetherness.
Corporate India's big push for diversity: Companies intensify efforts to recruit women from entry level
Corporate giants in India, such as RPG Group, Deloitte, Tata Steel, Amazon, and Zinnov, are doubling down on diversity by ramping up efforts to recruit more women from the ground up. Strategies include targeted campus hiring, incentivizing recruitment agencies to bring in high-potential female candidates, and creating networking platforms to link women with leadership. These initiatives aim to cultivate a diverse workforce from the start, fostering a culture of inclusion and innovation.
Alice Munro, Nobel literature winner revered as short story master, dead at 92
A spokesperson for publisher Penguin Random House Canada said Munro, winner of the Nobel literary prize in 2013, died Monday at home in Port Hope, Ontario. Munro had been in frail health for years and often spoke of retirement, a decision that proved final after the author's 2012 collection, "Dear Life."
Are you thinking about studying overseas? This is how to up your odds of getting a scholarship
Explore scholarships strategically with passion, persistence, and organizational discipline to enhance success for international students aspiring academic advancement in their study abroad journey.
Hoteliers pull out all the stops to pamper business travellers
Travel and hospitality firms reported that they are seeing distinct changes in the needs of India's new generation of business travelers, going above and beyond simple lodging. Customized facilities and services are in greater demand and are being provided.
Here is why the US ‘keeps trying to cap visas for Indians’
Harbir K Bhatia, CEO of the Silicon Valley Central Chamber of Commerce, highlighted the significant role of skilled Indian immigrants in America's tech industry, stating that the sector heavily relies on them for innovation and talent. She emphasized that Indians excel in various professions, including technology, farming, and healthcare.
Axis Bank brings expats to India in push to woo global firms
Axis Bank Ltd. aims to boost its global business by hiring Asian expatriates, targeting mid-sized companies from countries like South Korea, Japan, US, Germany, Italy, and France. Facing challenges with South Korean and Japanese firms due to language barriers, the bank has recruited expatriates to facilitate connections and expand its corporate banking division.
With spruced-up dives, classy cocktail bars and bigger-than-ever microbreweries, Bengaluru’s drinking scene gets even more spirited
Before it became synonymous with traffic, one of Bengaluru’s identities— apart from the sedate “pensioners’ paradise” and “garden city”—was the cooler “pub city”. Draught beer was the precursor to craft beer—in the 1980s, it was a novelty, spawning a host of pubs on the central MG Road and Brigade Road. The city’s “pub culture”, says a 1987 India Today article, enthusiastically, “is bringing bubble and froth to the lives of many in the middle and upper class”.
Corporate dressing is changing in India where the new rule is no rule
In India, even though PJs have not reached office cubicles, the norms have been relaxed. Says designer Raghavendra Rathore: “There’s a cultural shift towards prioritising work-life balance and overall wellbeing, where comfortable attire aligns with a more relaxed and less restrictive work environment.” He attributes it to the rise of tech and creative industries, the advent of remote work and flexible schedules.
View: Corporate governance, an imperative for India's startup ecosystem
Startup governance is crucial for India's startup sector, as it plays a pivotal role in shaping the country's future. While startups thrive on innovation and rapid growth, they need to be guided by a well-crafted corporate governance framework. The challenges in implementing governance norms stem from lack of opportunity and experience, as founders focus on establishing and stabilizing the business.
Legal consulting firm Areness enters into a strategic partnership with German firm SOH
With a focus on technology, Areness and SOH are dedicated to crafting legal frameworks that facilitate the exchange of technological expertise, safeguard intellectual property rights, and foster fair competition globally, said both firms in the joint release.
Kerala CM Pinarayi Vijayan launches India's first state-owned OTT platform
"Private OTT platforms give prominence to films in the most widely spoken language since their prime motive is to maximise profit. The priority of CSpace, on the other hand, is to onboard and stream contents with artistic and cultural values. This will also help the promotion of the Malayalam language and culture," Vijayan said.
NEHHDC and BTC sign MoU to preserve Bodoland's cultural heritage and promote handicrafts
The Northeastern Handicrafts and Handlooms Development Corporation Limited (NEHHDC) and the Bodoland Territorial Council (BTC) join hands to preserve Bodoland's cultural heritage. The Memorandum of Understanding (MoU) emphasizes promoting local handicrafts and handloom sectors. Through collaborative efforts, initiatives will enhance cultural legacy, provide economic opportunities for artisans, and foster socio-economic development. This partnership signifies a crucial step towards cultural preservation and sustainable development in the Bodoland Territorial Region.
Servant Leadership
A humanistic work environment enhances employee morale, ethical conduct, honesty and trust, improves individual performance and productivity, leading to organisational growth and profitability. In this context, the seminal work on 'Servant Leadership' of management expert Robert Greenleaf is of relevance.
Draft policy formulated to enhance tourism's contribution in economy, says Union Minister G Kishan Reddy
"The draft National Tourism Policy envisages to encourage innovation, explore new markets, opening of new destinations and align tourism development to the sustainable development goals by leveraging India's culture and heritage," Tourism and Culture Minister G Kishan Reddy said.
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