EXECUTION SCALE UP
India has the second-highest open access quantum computing users after US, says IBM executive
In an interview to ET, Jay Gambetta, vice president of IBM Quantum, said he saw big opportunities for India to become a pioneer in quantum computing in use cases as varied as sustainability and green hydrogen, efficiency of CO2 recapture process or nitrogen in agricultural yield and logistics.
ET Make in India SME Summit in Lucknow: Micro industries must be given adequate support in the MSME ecosystem
The purpose of these regional ET MSME Summit events is primarily to increase awareness, promote networking and support industry-specific learning to give small industries a leg up.
Nike stock plunges as gloomy sales forecast fans growth concerns
Nike faces stock woes and market challenges, prompting a potential shift in leadership under CEO John Donahoe's digital-focused strategy. The company's strategic pivots towards sustainability and product revamps aim to counter market pressures, signaling a critical phase for Nike's future direction and management dynamics.
NBFCs need to focus on compliance, risk and liquidity, says RBI executive director R Lakshmi Kanth Rao
Non-banking finance companies (NBFCs) were advised by RBI executive director R Lakshmi Kanth Rao to prioritize compliance, risk management, liquidity management, and customer protection. Rao emphasized the regulatory differences between banks and NBFCs, noting the need for NBFCs to enhance compliance systems and balance business with prudence.
Creme Castle raises Rs 7 crore seed funding from V3 Ventures
CRISIL data shows Indian bakery market is expected to grow in the range of 11-12% between 2024 to 2028, to reach sales of Rs 1,850 billion by FY2028. Citing the same data Creme Castle said since Indians are spending more on celebrations and because of social media the demand for their product rose in tier 2 and tier 3 cities.
CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
Top paid female CEOs in 2023 include Lisa Su, Mary Barra, Jane Fraser, Kathy Warden, and Carol Tome. Lisa Su of Advanced Micro Devices led with USD30.3 million. Female CEO median pay rose 21% to USD17.6 million, outperforming male counterparts.
- Go To Page 1
Ind-Ra upgrades Adani Green Energy's rating, outlook stable
The ratings also reflect Ind-Ra's expectation of favourable operational to under-construction book ratio, given the operational capacity of nearly 10.9 GW, and an increase in annual capacity addition targets to 5GW.
BHEL ties up with BARC for electrolyser system to produce hydrogen energy
Bharat Heavy Electricals Limited (BHEL) has signed an agreement with the Bhabha Atomic Research Centre for 50 kW alkaline electrolyser system to produce hydrogen, the company informed the exchange in a filing.
Myntra gained market share, scaling beauty and home decor: CEO Nandita Sinha
Over the past year-and-a-half, online fashion retailer Myntra has gained market share even as rivals like Reliance Ajio and Nykaa Fashion have snapped at its heels, chief executive Nandita Sinha told ET in an interview–without naming the competition.
As macro climate changes, GenAI will also scale up: Infosys CEO Salil Parekh
In a wide-ranging interview with Sameer Ranjan Bakshi, Beena Parmar and Surabhi Agarwal, Salil Parekh, chief executive and managing director of Infosys, spoke of his plans to prepare the $18.6 billion software services giant — through its Topaz platform — for the GenAI-led transformation that will take root as global macro-economic concerns ease.
Infrastructural projects helping improve India's relationship with Africa: Indian corporate executive
Indian infrastructure projects in Africa have significantly enhanced ties between the two regions, according to S Kuppuswamy, a senior executive from the Shapoorji Pallonji group. He emphasized the importance of collaboration between Indian and US development finance institutions to ensure the swift execution of such projects and to counter China's influence in the region. Kuppuswamy highlighted the pride African nations take in Indian-built infrastructure, citing examples like Ghana's presidential palace.
MNCs now offer best salary package to seasoned professionals to scale up their GCCs in India
Industry leaders report that multinational corporations are offering substantial compensation packages to recruit experienced professionals for their global capability centers (GCCs) in India. Over the past two years, there has been a noticeable increase in GCCs offering annual salaries ranging from Rs 3-6 crore to specialized leadership talent.
Delhivery’s chief business officer Sandeep Barasia exits after nearly a decade
New-age logistics firm Delhivery reported a net loss of Rs 68 crore for the January-March quarter, slipping back into the red after posting a profit after tax of Rs 12 crore for the December quarter. On a year-on-year basis, the net loss was down 57%.
Roadblocks for q-commerce; Mizuho InCred deal
Happy Friday! As quick commerce platforms diversify, they are likely to face operational challenges. More on this in today’s ETtech Morning Dispatch.
Airtel to deploy FWA on SA network, full scale impact likely in FY2Q: Gopal Vittal
Bharti Airtel is deploying fixed wireless access (FWA) services in 25 cities. The full-scale impact is anticipated in the second quarter, crucial for 5G monetization and follows a standalone architecture approach like Reliance Jio.
CapitaLand India Trust (CLINT) appoints Gauri Shankar Nagabhushanam as Chief Executive Officer-Designate.
Gauri Shankar Nagabhushanam is set to become the Chief Executive Officer of CapitaLand India Trust (CLINT) in August 2024. He brings over 20 years of experience in real estate private equity, fund management, and corporate finance. Previously, he served as CEO of India Business Park at CapitaLand Investment, overseeing the growth of business parks in India. Gauri holds a Master's in Finance from the London Business School and has worked with companies like Ascendas-Firstspace, Deloitte, TAIB Bank, and Samba Financial Group.
Over 86% senior execs using AI for driving revenue growth: TCS study
86% of senior business leaders, per TCS study, use AI for revenue growth. 45% expect half their workforce to use Generative AI in 3 years. Harrick Vin notes AI solutions deployment challenges. 57% executives are excited about AI impact. Enterprises are moving towards wide-and-deep AI adoption.
Indian companies likely to use existing AI models to leverage their data: Intel executive
Santhosh Viswanathan, vice president and managing director for the India region at chipmaker Intel, said the Indian market was at an “inflection point” with digitisation being a fundamental change and accelerant for the economy.
India to become AI use case capital of the world: Nandan Nilekani
Nandan Nilekani's People+ai introduces 'Adbhut India' and OCC project, emphasizing frugal AI innovation in India. The initiatives aim to leverage the country's population and digital infrastructure for impactful AI solutions, fostering healthy competition.
Britain attracts new £1 biliion AI investment
US tech firm CoreWeave, a provider of cloud computing services for artificial intelligence, said Friday it will plough £1.0 billion ($1.3 billion) into Britain, the country's latest major AI investment. "We're leaving no stone unturned to make the UK the best place for pioneering companies like CoreWeave to grow their roots," he noted, adding that Britain had the third highest number of AI companies and private investment in the world.
Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 39%
Last week’s movement of the market has brought back some memories of what happened in March 2024. Given the event risk in terms of election results, we might see higher volatility as some profit booking takes place. If one is not a trader and knows how to hedge, it would be better to be cautious before investing. If one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Brick by brick, Pirojsha changed the realty game at Godrej
Pirojsha Godrej's strategic leadership at Godrej Properties during the global financial crisis led to innovative approaches like joint developments and a capital-lite model. His focus on efficiency and immediate project launches propels the company's growth.
Hyundai plans to scale up production capacity, introduce more EVs in India
Hyundai Motor Group aims to boost its annual production capacity to 1.5 million units in India, focusing on expanding EV offerings and using India as an export hub. Hyundai plans to launch its first locally produced EV in 2023 and expand its EV lineup by 2030, while Kia will begin local EV production in 2025.
Eldeco scales up platform with HDFC Capital to Rs 850 crore
Eldeco Infrastructure and Properties, part of the Eldeco group, has raised Rs 350 crore from HDFC Capital Advisors Limited for their joint platform to develop residential projects across India. The platform aims to generate Rs 8,000 crore from 17 projects. The company has planned projects in Delhi, Gurugram, Ludhiana, Sonipat, and Goa, with Rs 500 crore deployed in residential projects in Panipat, Sonipat, Ludhiana, Rudrapur, Rishikesh, Kasauli, Greater Noida (West) & Gurugram.
How India can be $55-trillion economy by 2047? KV Subramanian explains
Subramanian envisions India's growth potential, projecting an $55 trillion economy with 8% growth. He emphasizes the significance of policy reforms, formalisation, and digital infrastructure in sustaining economic momentum towards a prosperous future. Subramanian further says: "We cannot afford a lost decade like we had from 2004 to 2014 and we also need to double down on reforms."
Auto dispatches scale new peak as dealers stock up post year-end sales
Sales of two-wheelers rose 26% from a year earlier to 1,495,183 units last month. Three-wheeler dispatches went up by 9.5% to 53,537 units. "Passenger vehicles sales have remained resilient led by positive consumer sentiments, while the two-wheeler segment witnessed good growth in January as well, as the rural market continues to recover," SIAM president Vinod Aggarwal said.
Mission Ready: Cos scale up hiring of ex-service personnel
Hiring of veterans is picking up pace across India Inc as companies focused on diversity intensify efforts to identify, train and onboard ex-servicemen, recognising the value they bring to the table. Skills such as leadership, teamwork, integrity, risk management, and problem-solving, which are intrinsic to armed forces officers, are prized by companies including Flipkart, Vedanta, IBM, JPMorgan Chase, GE Aerospace, Marsh McLennan Global Capability Centre, and Optum.
India Inc acquires right expat-ise to scale new growth
Kotak Mahindra Bank, Vedanta, Larsen & Toubro, the Tata Group and the Adani Group are among large Indian conglomerates and companies that are bullish on expat talent, they said. There is also increased interest among these executives to work in India, given the opportunity for growth and experience this country offers, they said.
Even Steve Jobs prioritised iPhone over iPad, thanks to real-time market intelligence: Verne Harnish, CEO of Scaling Up
Verne Harnish discussed hurdles for startups, leadership evolution, and the importance of soft aspects like culture.
Load More
