ENTERPRISE RESOURCE PLANNING
Coal Ministry seeks view on draft coal, lignite mining plan norms
In a groundbreaking move, draft guidelines propose transitioning to advanced technologies for sustainable coal mining, focusing on land restoration and mechanized mining over manual methods. The industry is poised for a transformative shift towards more efficient and environmentally friendly practices.
Why the Government needs a Budget: Understanding the importance and role
Union Budget 2024: Any political party that assumes government, whether through majority or coalition, in India shoulders significant responsibilities towards society, politics, and the economy. It is crucial to allocate resources in a manner that facilitates progress in a country as diverse as India, with its rich cultural, religious, and economic diversity.
India, one of the largest importers of urea, plans to be self-sufficient by 2025. Is it feasible?
A closer look at India’s strategy to end urea imports by 2025 shows gaps that need to be filled before shutting the import tap.
HCLTech infuses GenAI into MRO solution to drive enterprises' asset utilisation
HCL Technologies enhances its MRO solution with GenAI capabilities, optimizing asset utilization and streamlining maintenance processes in SAP S/4HANA with a comprehensive natural language inspection and repair findings report.
India big market for Canva; looking to build local team there: CEO Melanie Perkins
India is the fifth largest market for Canva, which is bullish on the country's burgeoning creator economy, having doubled its growth between 2023 and 2022. Canva’s latest offering can help businesses create company-wide design templates for their brands, keep their intellectual property (IP) safe, and provide greater control over their visual products.
Writing is easy, not living: Challenges in implementing family business constitutions
Numerous families face difficulties in actualizing the principles outlined in the document into practical, everyday reality. We discuss here the key challenges encountered in implementing a family business constitution.
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Vedanta: How an old-age biz is trying to deliver a new-age baby
The complete acquisition of AvanStrate positions Vedanta in the display panel market, with plans to build its own display glass plant in Gujarat. The company is also eyeing partnerships for a potential chip plant. Vedanta's foray into electronics manufacturing, spearheaded by Agarwal's son-in-law Akarsh K. Hebbar, aligns with its core business of metals and mining.
India's young harbour big plans
India's youth population is set to reach 420 million in 2024, comprising 29% of the total population, with 20 million being first-time voters. These young individuals hold significant power to influence India's future. The People Research on India's Consumer Economy (PRICE) survey identifies six national priorities for the next five years, including education, healthcare, infrastructure, job creation, and inclusive economic growth.
Canarys expands global presence with strategic acquisition in North America
Canarys Automation Limited expands globally by acquiring a North American software services company, enhancing its digital innovation and service delivery standards. The company's strategic moves reflect a commitment to growth and excellence in digital transformation.
IIHL to partner with Invesco, pick up 60 pc stake in AMC arm; Ashok Hinduja says partnership with Invesco is aligned with its business philosophy
IndusInd International Holdings partners with Invesco to acquire majority stake in Invesco Asset Management India, reinforcing its position in the investment management sector through strategic partnerships and acquisitions. Invesco will retain a 40 per cent stake in the newly formed joint venture with IIHL, and both IIHL and Invesco will have sponsor status, as per a statement.
Harman rolls out slew of initiatives to hire LGBTQ+ individuals
The US audio solutions company, wholly owned by Samsung Electronics, has taken steps to establish an inclusive workspace through infrastructural adjustments, including the implementation of gender-neutral washrooms and enhanced accessibility for individuals with varying abilities.
Yotta Data Services to offer cheapest AI compute rates globally, says CEO
Yotta Data Services, partnering with NVIDIA, aims to provide competitive AI compute capacity. Leveraging unique market position, it plans to reach breakeven in 2-3 years on a $1B investment. The company also participates in the AI Mission initiative.
Battling the spam goliath: Inside Trai's plan to clamp down on unwanted calls, spammers
Trai's efforts to combat spam include implementing DLT, removing inactive headers, and AI-based scam detection. However, challenges such as evolving tactics and lack of adoption of the consent module remain. Trai aims to standardize procedures to reduce junk messages and pesky calls.
MCA asks Sebi to share details on Zee, could summon Puneet Goenka
The ministry's preliminary probe had found appropriation of ZEEL's fixed deposits (FDs) by Yes Bank, for squaring off loans of related entities of Essel Group. ZEEL is part of the Essel Group promoted by Subhash Chandra and his family.
Zee will sue Sony; promoter family to hike holding in Zee by 5 per cent, says Subhash Chandra
Punit Goenka and the family collectively decided he should step aside, and the merger should proceed because it was beneficial for Zee. This decision was communicated to Sony. It wasn't acceptable to Sony. I believe this was Sony's strategy all along: To engage with Zee and eventually withdraw, portraying Zee as vulnerable. I intend to convey this perspective to the Zee board as well, says Subhash Chandra, chairman emeritus of Zee Entertainment Enterprises.
Bharti Enterprises Chairman Sunil Mittal says Vodafone Idea is 'non-existent' in large parts of India
In an interview with Sruthijith KK on the sidelines of the World Economic Forum Annual Meeting in Davos, Bharti Enterprises chairman Sunil Mittal said ARPU (average revenue per user) needs to increase as 5G has been a huge load on telcos without any revenue coming through.
Gautam Adani details green elements of Rs 7 lakh cr investment planned across verticals
While flagship Adani Enterprises Ltd incubates and develops new businesses spanning mining, airports, defence and aerospace, solar manufacturing, roads, metro and rail, data centres and resource management, its ports business is on a greening drive.
CIL initiates actions to fulfil all resources required to achieve 1 billion tonnes annual production target
Coal India Limited (CIL) has commenced measures to secure the necessary resources for achieving its target of producing one billion tonnes annually, as per information provided in Parliament. The Coal and Mines Minister, Pralhad Joshi, stated that CIL is anticipated to reach this production milestone by 2025-26.
'A small suitcase and a dream': Vedanta's Anil Agarwal shares his journey from Bihar to Mumbai
Reflecting on his humble roots, Anil Agarwal, the founder and chairman of Vedanta Resources Limited, highlighted his own journey from a small village to establishing Vedanta, a company that has made a significant tax contribution of Rs 3.39 lakh crore over the last eight years. The metal tycoon emphasized that he never imagined an ordinary person like himself could play a role in nation-building.
'Plan to double loan book size to '1.2-1.3 lakh crore by FY28'
Piramal Enterprises plans to double its loan book by FY28, with a focus on retail loans, according to Chairman Ajay Piramal. The company aims to reduce the size of its wholesale book and lend to mid-sized corporates while exiting its legacy wholesale book. The new loan book will be more granular, with smaller loan sizes and a focus on interest and regular repayments.
Expect sales to bounce back to normal levels in Q2: Elgi Equipments Ltd
However, sales realisation was affected in the United States market due to temporary disruption caused by the ongoing ERP implementation. The business performance in the Middle East and Africa, Australia and South-East Asian countries were 'satisfactory', the company said.
Adani Green plans to raise $1.5 billion via QIP
The funds will be used to expand green energy operations. QIPs allows listed companies to raise capital without depending on foreign capital resources.
Air India announces latest changes in its digital landscape to enhance customer engagement
Air India has been making investing in building a cutting-edge digital and technology team with a vision to emerge as the world’s most technologically advanced airline. The digital and technology modernisation effort in Air India is being guided by Tata Group Chairman Natarajan Chandrasekaran and Air India CEO Campbell Wilson.
Tata plans to set up ground-handling business under Air India
The migration is expected to bring significant improvements in the airline's core enterprise functions such as finance and human resources while fast-tracking its ability to roll out advanced capabilities in its commercial, operations and engineering areas.
Vedanta taps Gulf funds, explores 10% stake sale in India unit
According to multiple sources aware of the development, Vedanta Resources has reached out to sovereign wealth funds (SWFs) and and alternative asset managers from the Gulf including Abu Dhabi’s Mubadala, ADQ, Bahrain’s Investcorp, and Saudi Arabia’s Public Investment Fund (PIF) for up to 10% dilution in the company
Jaguar Land Rover partners with Tata Technologies to accelerate its digital transformation
As a part of the deal, Tata Technologies will deliver end-to-end integrated Enterprise Resource Planning (ERP) to transform Jaguar Land Rover’s manufacturing, logistics, supply chain, finance and purchasing modules by bringing data and knowledge from multiple departments into one single source.
Will 'methodically' expand in India, says Oracle NetSuite’s Evan Goldberg
Goldberg stated that smaller companies are showing more leanings now towards automation and technologies that will take their business to the next level of growth.
Ramco Systems Defense to provide Aviation M&E suite to GA-ASI
Ramco Systems, aviation, aerospace and defence, chief customer officer, Manoj Kumar Singh said, "securing the trust of a world leader in unmanned aerial systems is a landmark achievement for Ramco, and reflects the flexibility of Ramco software in catering to this unique segment..."
Gautam Adani plans $5.2 billion alumina mill in growing metal ambitions
Billionaire Adani had set up a wholly owned subsidiary -- Mundra Aluminium Ltd. -- in December, signaling his aspirations in a sector that is dominated by heavyweights such as the Aditya Birla Group and the London-based Vedanta Resources Ltd.
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