Corporate Trends
ACRE submits Anchor bid to buy 5 Zee Group accounts
Assets Care & Reconstruction Enterprise (ACRE) has made a bid to buy five non-performing loans related to Zee Group from JC Flowers ARC. They are offering ₹505 crore in cash for debts totaling ₹1,350 crore. A Swiss auction is scheduled for November 6, with a reserve price of ₹505 crore. The winner will be announced on November 8.
Hackers target India’s biggest brands: How major firms like Tata and Reliance are strengthening cyber defences
Indian companies are grappling with a sharp rise in cyberattacks, nearly double the global average. Large conglomerates like Reliance and Tata are targeted due to their extensive data and reputation. Boards are increasingly vigilant, mandating regular cybersecurity audits and enhanced protection measures.
Technology advancements, geopolitical conflicts among top risks for India Inc in next 5 years: Report
Amid India's evolving risk landscape, a report by TATA AIG and Dun & Bradstreet reveals businesses are prioritizing technological, legal, and geopolitical risks. Concerns span data privacy, environmental regulations, and economic fluctuations, underscoring the need for robust risk mitigation and business continuity strategies.
Significant percentage of organisations see AI as key to competitive advantage: Report
A new report from BML Munjal University reveals that 44% of organisations have significantly boosted productivity through AI integration, with substantial impacts in sectors like finance, healthcare, and manufacturing. However, challenges such as AI-skilled personnel shortages and ethical concerns persist, underscoring the need for education and ethical AI guidelines.
PM's Internship Scheme included in common theme for CPSEs CSR spend in FY25
The Government has updated the CSR guidelines for CPSEs to include PM's Internship Scheme for 2024-25. CPSEs will spend 60 per cent of their CSR funds on health, nutrition, and the new scheme. The Prime Minister's Internship Scheme aims to offer internships to 1 crore youth over five years, starting December 2, 2024.
Abhyuday Jindal to helm Indian Chamber of Commerce
Abhyuday Jindal has been appointed president of the Indian Chamber of Commerce (ICC), an organization founded in 1925 and headquartered in Kolkata. A graduate of Boston University in Economics and Business Management, Jindal is the managing director of Jindal Stainless, which has an annual turnover of Rs. 38,000 crore.
Gautam Adani donates Rs 100 cr to skills university in Telangana
Reddy last month urged industrialists and prominent companies to take part and support the Young India Skills University being established in the state.
The BlackRock and Jio Financial Services mutual fund joint venture: All you need to know
Jio Finance and Blackrock Inc are planning to collaborate to enter India's Asset Management Industry. They have received preliminary approval from SEBI and are working towards establishing a joint venture company. This partnership will focus on investment advisory services, wealth management, and brokerage operations in India, pending further regulatory approvals.
Ratan Tata trusted friend, half-sisters to execute his will
Ratan Tata, who passed away on October 9 at 86, named lawyer Darius Khambata, friend Mehli Mistry, and half-sisters Shireen and Deanna Jejeebhoy as executors of his will. Mistry, a close confidante and trustee of the Sir Dorabji Tata Trust and Sir Ratan Tata Trust, plays a significant role in managing the Tata Group's charitable endeavors.
Future of Work: Adaptability key for corporate success, says Volvo India MD
Volvo Group India MD Kamal Bali highlights the need for corporates to adapt swiftly to stay competitive as the future of work evolves. Technology, globalization, and changing workforce expectations will shape employment. KEA's continuous efforts have been pivotal in addressing labor issues and fostering industrial growth in Karnataka.
Must Watch
CIEL HR Services acquires talent assessment firm Thomas Assessment
CIEL HR Services has acquired Thomas Assessment Pvt Ltd, enhancing its offerings in the Indian talent assessment market. With this acquisition, CIEL gains access to Thomas International’s suite of psychometric tools, enhancing their ability to deliver data-driven talent solutions and support their HR tech innovation strategy.
It's collective responsibility to improve corporate governance, follow global standards: NFRA Chief
Ajay Bhushan Pandey highlighted the need for sustained corporate governance reforms. Company management, independent directors and audit committee, statutory auditors, shareholders, and regulators make up the five lines of defence to improve corporate governance, he said.
Over half of India's Technology, Media, and Telecommunications organisations fully integrated AI
Over half of Indian TMT organisations have fully integrated AI, while 37% are scaling it. AI boosts operational efficiency, personalisation, and decision-making, with significant cost reductions and returns. Key challenges include a skilled workforce shortage and high costs. Generative AI is seen as a major competitive advantage.
JSW, GMR to manage Delhi Capitals teams on two-year rotational basis
GMR Group and JSW Sports will alternate managing cricket operations for Delhi Capitals' IPL and WPL teams every two years, with GMR starting with the men’s team and JSW handling the women’s team. Core decisions will remain collaborative and business operations steady.
Tata Trusts board meets to discuss appointment of third representative to Tata Sons; Noel Tata expected to join
Tata Trusts own 66% of Tata Sons of which Sir Ratan Tata Trust and Sir Dorabji Tata Trust are primary Trusts. The Articles of Association allows the Tata Trusts to nominate one-third of the directors of Tata Sons.
Accenture appoints Kishore Durg as Group Operating Officer, Technology
Accenture has appointed Kishore Durg as group operating officer for technology, effective December 1, 2024. Durg will report to Karthik Narain, maintaining his role as senior managing director of Accenture LearnVantage. He will replace Jeremy Oates, who retires in 2025, and oversee multiple technology functions.
