DIGITAL BUSINESS
Canon India appoints Toshiaki Nomura as president and CEO
Canon India has appointed Toshiaki Nomura as its new President and CEO starting July 1. Nomura, with Canon since 1999, previously led Canon's Business Imaging Solution division in Southeast and South Asia. He aims to leverage India's dynamic market potential, focusing on core imaging and printing while expanding into new segments like surveillance and industrial printing. Under Nomura's leadership, Canon plans aggressive expansion into tier-2 and 3 cities, strengthening its brand presence nationwide.
Over 58,000 MSMEs uplifted by Walmart Vriddhi through digital training, mentorship & business growth
Launched in 2019, Walmart's supplier development program has helped over 50,000 MSMEs get access to tools and mentorship for business growth.
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.
Consistent winners! 9 stocks gain at least 25% in last four quarters, turn multibaggers
Indian equities soar to all-time highs with Nifty breaking above 24,000 levels, supported by the private banking sector. Sectors like IT and healthcare offer growth opportunities, making a stock-specific approach advisable amidst the current market conditions.
No more licensed biz, Paytm to focus on distribution model
Digital payments major Paytm wants to stay away from getting into any regulated businesses and would rather focus on building distribution heft. The senior leadership have taken a conscious call to not go after regulatory licenses but rather work with licenced entities and distribute products better.
Scheme unveiled to help 500k MSMEs join ONDC
Ministry's initiatives focus on empowering MSMEs, especially micro-enterprises, through various schemes, including Khadi brand rejuvenation and interest subventions. Rajneesh, the development commissioner, highlights the importance of these initiatives for the growth and development of small businesses.
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TPG Capital acquires 60% stake in digital services firm Altimetrik
With a focus on brand visibility and global expansion, Altimetrik, led by Raj Sundaresan and supported by Adam Caplan, aims to leverage the partnership with TPG Capital to strengthen its position in the digital business landscape and drive revenue growth through innovative solutions.
Tata Sons hits pause on fresh funds till e-commerce, electronics businesses shape up
"There is a strategic reason for not making any equity infusion even as organisational changes are being made," said one of the persons. "However, new fund infusion will commence after the strategy and organisational changes for better operational efficiencies are in place." Registrar of Companies (RoC) filings obtained through business intelligence platform Tofler show group holding company Tata Sons didn't invest in Tata Digital in FY24.
Go Digit stock likely to face pressure amid elevated combined ratio
After gaining over 24% within three weeks since listing on bourses on May 23, the stock of Go Digit General Insurance has remained range bound following weak performance in the March quarter, which was declared on June 11.
ISB Online offers learning solutions to higher education institutions
The Indian School of Business (ISB) is expanding its ISB Online platform to serve a diverse range of learners, including undergraduate students, professionals, and executives, from various sectors. With plans to double their current learner base by FY24-25, ISB Online aims to enhance employability, improve teaching outcomes, and provide networking opportunities through flexible and self-paced learning options, as well as offering faculty development programmes for academic institutions.
Global rates will come down, India certainly to be a top beneficiary: Jose Vinals, Standard Chartered
The Indian elections resulted in a surprise, denying an outright majority to the BJP. Despite this, prospects of strong growth through Narendra Modi's third premiership offer comfort to international businesses, as highlighted by Jose Vinals, chairman of Standard Chartered.
SBI launches digital business loans for small and medium cos
SBI launches SME digital loans programme using data from tax and GST returns for quick credit assessment and loan approval up to ₹50 lakh in 10 seconds without human intervention.
SBI to use IT, GST data for quick sanction of MSME loans
State Bank of India (SBI) has introduced SME Digital Business Loans, using data from income tax, GST returns, and bank statements for rapid credit assessment of MSMEs, enabling loan sanctions within ten seconds without human intervention. For loans up to Rs 50 lakhs, financial statements are waived in favor of transaction history and GST returns. This initiative aims to streamline MSME lending, reducing manual processes and enhancing efficiency.
India a big aviation market; good to have stronger Lufthansa-Air India partnership: Star Alliance CEO
CEO Theo Panagiotoulias highlights the importance of a strong partnership between Air India and Lufthansa within the Star Alliance to offer a unique value proposition for passengers in the Indian aviation market.
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.
HUL elevates Arun Neelakantan to the role of exec director, customer development
Hindustan Unilever Limited (HUL) has appointed Arun Neelakantan as the new executive director, customer development, effective July 1st, 2024. Neelakantan, who started his career in 2006 as Key Account Manager in Modern Trade, has a strong track record in customer development and marketing. He has led large teams and changed agendas across various trades and channels.
GlobalLogic sees increased business from India-based GCCs
GlobalLogic has seen a significant increase in its India business due to the growing number of global capability centres (GCCs) in the country, according to the company's top executives.
Adani One superapp clocked gross sales of Rs 750 crore in FY24
According to the 2023-24 annual report of the Ahmedabad-based conglomerate's flagship company Adani Enterprises, the user base of the superapp grew to 30 million at the end of the financial year. The company aims to expand the superapp's customer base to 400 million by 2030. Adani group is also in discussions with Paytm for potentially acquiring a stake in the fintech firm.
Economictimes.com holds the throne in April, maintains a comfortable lead in business & financial news segment
The Economic Times website tops April Comscore India rankings with 46.6 million visitors, solidifying its position as the leading source for business news.
Adani Group plans ecommerce, payments ventures: FT report
Adani Group is considering applying for a license to operate on India's public digital payments network and planning a co-branded credit card with banks, aiming to enter the booming digital payments market.
Senior-level adtech and martech roles combine creativity, tech and business sense
The adtech (advertising technology) and martech (marketing technology) sectors require a unique balance of creativity, business acumen, and technological skills, especially at senior levels. Companies seek professionals with expertise in data analytics, AI/ML, and digital marketing, as these roles are crucial for connecting brands with customers and driving hyper-personalization.
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.
Both our medium and long term journey will be good: Kamesh Goyal, Go Digit
Kamesh Goyal, Chairman of Go Digit, discusses India's market penetration and the long-term growth opportunities. He emphasizes the responsibility of listing and future plans in the general insurance sector. In the next 5 to 10 years, even if we move from 1 to 1.3, 1.25% of the GDP, the opportunity for growth is just enormous.
'Surname doesn't matter in today's India': PM Modi reaffirms providing right business environment for startups
"In today's India, one's surname doesn't matter. What matters is hard work. Your journey is truly inspiring, Deepinder Goyal! It motivates countless youngsters to pursue their entrepreneurial dreams. We are committed to providing the right environment for the startups to flourish," PM Modi wrote on X, sharing a video clip posted by Union Minister Hardeep Puri.
Google cuts mystery check to US in bid to sidestep jury trial
Google disclosed the payment, but not the amount, in a court filing last week that said the case should be heard and decided by a judge directly. Without a monetary damages claim, Google argued, the government has no right to a jury trial.
India is one of the key markets for business growth in industrial space: Siemens executive
Siemens Digital Industries Software is a part of German conglomerate Siemens and is headquartered in Plano, Texas. The company focuses on product lifecycle management (PLM) software and works with industries like aerospace and defense, pharmaceuticals, and automotives. Its products include Teamcentre (a PLM software and collaboration tool), design software NX and low code platform Mendix.
Embracing Industry 4.0: Navigating business transformation trends in the digital age
Post-pandemic, the focus on Industry 4.0, Circular Value Chains, Autonomy via Edge Computing, and Demand-Driven Digital Supply Chains reshaped global business dynamics. India's leadership in AI, cybersecurity, and sustainable manufacturing practices highlights its commitment to digital transformation.
Draft digital competition bill will make business untenable: IAMAI
Ex-ante regimes tell businesses precisely how to behave, or what to do. Under the current ex-post regime of the Competition Act, companies are only required to ensure that their conduct in the market is not anti-competitive. An overlapping ex-ante regime proposed under the digital competition Bill will force tech companies to comply with parallel legislation and undertake measures for additional compliance, the IAMAI said.
Zomato shares may surge 18% as Blinkit likely to drive upside: Emkay Global
Emkay Global raises Zomato's target price from Rs 170 to Rs 230 per share, projecting an 18% upside potential, factoring in Blinkit's growth. With increased EPS and EBIT estimates, Blinkit's improved product-market fit drives valuation changes, indicating market expansion in metros and large cities.
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