Companies

Employees can choose to decompress however they want – whether it’s spending time with near and dear ones, traveling or picking up a new hobby," Ashish Kumar Singh, Chief Human Resources Officer, Meesho, said. (Image credit: Meesho) The festival season is one of the busiest times of the year for e-commerce sites, and understandably, not many employees of such sites can afford to be on leave during the festive period. Hence, to ensure that employees get sufficient time to recharge after the busy season, Meesho has announced an 11-day break for its employees  to "Reset and Recharge". This is the second year that the company is granting this mental health leave. "Called Reset and Recharge, this industry-first initiative will allow Meeshoites to completely unplug from work and prioritize their mental well-being after the busy festive sale period," Meesho stated. "At a time when burnout and anxiety have emerged as key concerns for today’s workforce, Reset and Recharge will show … [Read more...] about This company is offering an 11-day mental health leave to employees

Share to Twitter Share to Linkedin Dylan Taylor , Chairman & CEO, Voyager Space Holdings. When a company is prepared for the future, it's ready to innovate and adapt at any turn. It can pursue success despite changes in competition, industry volatility or major worldwide shifts. As we've seen over the past few years, the world as we know it can change at a moment's notice. Being future-proof, regardless of what that future might look like, determines a business's ultimate survival. Planning for the future is an obvious component of successful business management, but preparing for one wrought with uncertainty has become more essential than ever in our current reality. In the face of a protracted pandemic, a war in Europe and other anomalies, finding ways to continue scaling and maintaining a standard of success requires a lot of flexibility and serious focus. With a few key factors in mind, any company can put on a layer of protection that … [Read more...] about How Companies Can Become Future-Proof

Share to Twitter Share to Linkedin I am the VP of Engineering at Apriorit , a software development company that provides engineering services globally to tech companies. Despite the negative effects of the Ukraine-Russia War on global IT services’ availability , the Ukrainian IT sector is alive and still aims at thriving, in my opinion, as a leader in the space. The conflict, however, is expected to cause information and communications technology (ICT) spending to lose $5.5 billion worldwide in 2022 alone, according to IDC. Over the last six months, my company has faced several challenges as result of the conflict, and I wanted to share some crisis management lessons based on these experiences: Taking Care Of Employee Safety: We had to take care of everything from relocation strategies and evacuation plans to providing our employees with sufficient psychological and financial support. People are at the core of any business, so keeping … [Read more...] about Six Crisis Management Lessons For IT Companies

Share to Twitter Share to Linkedin Rusty Wiley is CEO of Datasite, a leading SaaS technology provider for the M&A industry. As market conditions remain challenging and interest rates rise, valuations are falling , and take-private deals are surging , powered by private equity (PE) firms that are using their vast sums of “ dry powder ” to scoop up companies at a discounted price. So far this year, $96 billion in deals has already been announced, and that figure is expected to expand beyond last year’s record $118 billion in take-private deals. M&A strategies are shifting as a result. Secondary buyouts were among the top deal types expected in the coming months, according to the results of a recent Datasite survey of more than 540 global dealmakers. In the face of current market uncertainties, secondary offerings are also becoming attractive alternative transactions. With several notable public-to-private deals already … [Read more...] about Three Things To Know When Taking A Public Company Private

IT giant Tata Consultancy Services (TCS) and government-owned telco Bharat Sanchar Nigam Ltd (BSNL) are in the final stage of closing an estimated Rs 16,000 crore ($2 billion) 4G network launch deal, The Economic Times reported on September 30. Citing people with knowledge of the development, the report said that the two companies have bridged their differences over pricing and other commercial terms. The deal paves the way for the Tata group–led consortium to emerge as India’s first indigenous telecom network solutions provider. Tejas Networks, a unit of Tata Sons, is expected to locally manufacture the network equipment for BSNL. BSNL’s 4G services are expected to be rolled out across 100,000 towers or sites, the report added. Close In late July, the Union Cabinet approved a Rs 1.64 lakh crore revival package for BSNL, which includes cash support of Rs 43,964 crore and non-cash support of Rs 1.20 lakh crore. The package has three main elements - improving … [Read more...] about TCS, BSNL in final stage of closing Rs 16,000 crore 4G launch deal

Gitanjali Saxena, business head, Tata CLiQ Luxury Companies selling luxury products have changed their perception of e-commerce over the past few years as a significant portion of their revenue now comes from online sales, Gitanjali Saxena, business head of Tata CLiQ Luxury, told Moneycontrol in an exclusive interview. According to Saxena, luxury brands get 40-50 percent of their sales from e-commerce and have realised that a digital strategy is needed to be a serious player in India. “We have seen several brands coming online for the first time during the pandemic in India and globally. Certain categories like accessories and luxury beauty are especially quite innovative and showing the way forward on luxury e-commerce,” she said. The luxury e-commerce platform has of late also seen traction in categories such as sports and fitness and home furnishings. Tata CLiQ Luxury recently launched ‘Workout Studio’ on its platform, offering fitness solutions ranging from equipment, … [Read more...] about Luxury brands get half of their sales from e-commerce: Saxena of Tata CLiQ Luxury

Denver has $4.7 million to spend on opioid-related issues, its first share of a national settlement. Now city leaders just have to decide what to do with it. There are plenty of options: The city’s Department of Public Health and Environment released a list of 58 possible uses Thursday, covering everything from education for first responders and the public to more naloxone, scholarships to recruit more counselors and supportive housing for people with substance-use disorders. The city could spend more money on harm-reduction programs, on syringe distribution, or on culturally appropriate interviewing techniques for providers. Bob McDonald, the executive director of the city’s Department of Public Health and Environment, said that providers, nonprofits and agencies like his will be able to request shares of the money for one of the 58 approved purposes. The money will be held by the city’s Finance Department and its disbursement controlled by a local council. Broadly, the city’s … [Read more...] about Denver to start getting millions of drug company settlement dollars. Now it has to decide how to spend it.

- A + A KUALA LUMPUR (Sept 30): The Sulu sultanate heirs’ intention to enforce a questionable award in the Dutch courts against Malaysia’s assets in the Netherlands would be an abuse of any court process, said de facto law minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar. The Edge reported on Sept 29 that lawyers acting for the heirs of the late Sulu sultan, Sultan Jamalul Kiram II, are understood to be in the process of submitting an application to the Dutch courts to seize assets belonging to Petronas. Petronas via Dutch companies, such as Petronas Carigali Canada BV, Petronas International Power Corporation BV and PLI (Netherlands) BV, has extensive assets in Canada, India and Indonesia among others. In a statement, the minister in the Prime Minister’s Department (Parliament and Law) said this latest attempt by “the purported heirs of the long defunct Sulu sultanate” to seize Malaysia’s alleged sovereign assets in the Netherlands “is nothing more than yet … [Read more...] about Petronas assets seizure attempt by Sulu sultanate heirs an abuse of court process, says Wan Junaidi

- A + A SINGAPORE (Sept 30): Singapore's Temasek Holdings said that market valuations had not yet priced in a global economic recession and that said the state investor was waiting for further declines before stepping up investments. "Current valuations are not reflecting the risk of downturn we see in the next 12 to 18 months," Temasek's chief investment officer Rohit Sipahimalani said on Friday (Sept 30). "I do expect as these valuations correct, we will again step up our pace of investment," Sipahimalani told a session at the Milken Institute Asia Summit in Singapore. Temasek remains committed on its four major investment trends, including digitisation, longer lifespans, sustainable living and the future of consumption, he said. "I think those trends are still valid," he said. "For the long term, we will continue investing alongside them with a few nuances." Stock markets globally have fallen sharply this year as big increases in interest rates by … [Read more...] about Temasek to step up investments once market valuations drop further, executive says

- A + A (Sept 30): Micron Technology Inc and Kioxia Holdings Corp, two of the world’s top memory chipmakers, are slashing production to cope with a steep plunge in demand. Micron, the largest US maker of memory chips, reported downbeat earnings on Thursday and forecast quarterly sales that were nearly US$2 billion below Wall Street estimates. Japan’s Kioxia, which supplies much of the world’s NAND storage for smartphones and servers, followed that on Friday by announcing that it’s reducing new production and will have its overall output 30% lower by December. Global chipmakers had been riding high during the pandemic, when the work-from-home trend fuelled demand for computers and other consumer technology. But inflation and recession fears — plus a return to the office — have put a damper on purchases. That’s left memory customers sitting on stockpiles of unused chips. “Hard times are ahead for the industry, except for a few,” said Kazunori Ito, an analyst with … [Read more...] about ‘Hard times’ as big memory makers cut output on supply glut