Disruption

HCL Tech CHRO Apparao VV HCL Technologies, which has about 1,700 employees in troubled Sri Lanka, has set up a team to monitor the situation as the island nation grapples with food and fuel shortages amid record inflation and an economic crisis. While there has been no work disruption so far, it is preparing for all scenarios, with backup plans ready to move work and people to India. Apart from Sri Lanka, Costa Rica, and Poland, HCL Tech is stepping up hiring in smaller Indian cities such as Madurai, Lucknow, and Nagpur as it looks toward fresher pools of talent amid booming demand for software services and rising attrition. In an interview with Moneycontrol , VV Apparao, chief human resource officer of HCL Tech, explains the company’s efforts in augmenting the talent supply chain and steps it is taking to counter the challenges of hiring and attrition. Edited excerpts: In Q4, HCL Tech reported attrition on the last 12-month basis jumped to 21.9 percent from 19.8 … [Read more...] about HCL Tech monitoring crisis in Sri Lanka daily, sees no work disruption: CHRO Apparao

- A + A BEIJING (May 17): China's general fiscal revenue plunged 41% in April as the government gave money back to taxpayers to help businesses weather the impact of Covid-19 curbs that have weighed on the economy. Government income from taxes and fees totalled 1.23 trillion yuan (US$182 billion) in April, according to a Bloomberg calculation using official data, which was released on Tuesday but did not break out the monthly figure from the year-to-date total. Income for the first four months of the year was 7.43 trillion yuan, down 4.8% from the same period last year, the Ministry of Finance said in a statement. Revenue for this period would have increased 5% from a year earlier had it not been for the tax rebates, the ministry said. In early March the government said it would provide tax relief this year worth about 2.5 trillion yuan, including 1.5 trillion yuan in rebates. That amount — more than double that of 2021 — was announced as the government sought … [Read more...] about China’s revenue slumps 41% on tax cuts to counter Covid-19 pains

- A + A KUALA LUMPUR (May 17): Dialog Group Bhd posted a net profit of RM133.06 million for the third financial quarter ended March 31, 2022 (3QFY22), down 2.3% from RM136.17 million a year earlier, mainly caused by higher project cost. Earnings per share declined to 2.36 sen from 2.41 sen previously. Quarterly revenue, however, jumped 46.5% to RM593.43 million compared with RM405.18 million a year ago, contributed by increased business activities in both home and international operations, the oil and gas company's filing with the bourse on Tuesday (May 17) showed. The company also declared an interim cash dividend payment of 1.3 sen per share, to be paid on June 28, 2022. For the cumulative nine months ended March 31, 2022, Dialog's net profit slipped 3.7% year-on-year to RM389.76 million from RM404.6 million. Cumulative revenue, meanwhile, grew 51% to RM1.64 billion from RM1.09 billion. Dialog said the higher revenue reported by the Malaysian operations for … [Read more...] about Dialog posts lower profit for 3QFY22 despite revenue growth, declares 1.3 sen dividend

Two of the most interesting post-pandemic issues for the entrepreneurs running venture-backed businesses -- which have basically been on an involuntary hold for the last year or two -- are pace and story, and the conflicting attitudes toward each in the board room. Both are already topics of painful and somewhat heated discussions in meetings everywhere, pitting the impatient VCs against management teams. The VCs are all about IRR. Every investment they make is "on the clock" and their investors are always watching, waiting and wondering about how quickly and how much a given fund will return. They're all in for pushing the pace of everything forward as quickly as possible. Meanwhile, the far more conservative and cautious management teams are still somewhat traumatized and only now starting to recover from the shock of seeing their businesses abruptly shut down. These managers are also realizing that their years of pain, sacrifice and stress were almost lost forever. In a … [Read more...] about The New War Between VCs and Entrepreneurs

Over the last several decades, the nature of work for many people has shifted from assembly line manufacturing to collaborative knowledge work. We are no longer an economy driven by raw production requiring a large quantity of manual labor. We are an economy of ideas and innovation where a small team of highly skilled experts can create enormous value by leveraging technology and networks. The most valuable companies innovate by developing software, algorithms, connections, and intellectual assets. The challenge with this new type of business is that raw talent is not the only requirement for success. It takes teamwork and collaboration to create these sophisticated solutions. As a business coach, helping companies rethink their approaches to how they design and manage teams is one of my main areas of focus. Gone are the days when managers lay out a defined work process and then focus on getting their people to follow standard operating procedures. Today's companies are … [Read more...] about Team Performance Drives Company Performance. Here are 5 Ways to Improve Yours

Share to Twitter Share to Linkedin Nearly every company is increasing its investment in technology and attempting to create new competitive advantage by assembling technology into platforms that transform how they serve their customers, service their employees, and coordinate their supply chains. Platforms automate existing activities and functions, fundamentally changing how leaders run an organization. Platforms cut across traditional organizational boundaries, incorporating many departmental functions, thus forcing a restructuring of process, organization, and technology. That creates a real challenge for organizations. Platforms automate existing activities and functions. Companies use their platforms broadly to both compete and run the organization. Digital platforms emerged when companies recognized they could dramatically improve customer or user experience by increasing the level of automation to achieve desired end-to-end process results. … [Read more...] about Engineering Challenges For Technology Platforms

Share to Twitter Share to Linkedin Fiscal policy and spending, inflationary pressures, combined with the recovery from the COVID-19 pandemic recession, resulted in our current overheating economy that demands a larger workforce. Combine that demand with the multi-year global talent shortage plus the social dynamics of the “Great Resignation” and early retirements post-COVID. This adds up to far more than a short-term staffing and attrition dilemma. At Everest Group, we have studied this situation and what it means for short-term and long-term business concerns. Read on to discover the reality of what’s ahead. Short-Term Situation Some companies have a thesis that the monetary policy will tighten, the inflation will slow, the work environment (whether from home, in the office, or a hybrid model) will work itself out, and the talent markets will resume their historical capacity. They hope the current challenging situation passes quickly. Under this … [Read more...] about Short-Term And Long-Term Picture Of Talent Shortage

Bajaj Finance has announced good news for all its customers by revising its Fixed Deposit interest rate. One can now earn interest up to 7.35% p.a. The FD interest rate has been increased for all categories of investors and tenors, resulting in quicker growth of one's investment. The rise in the interest rate is applicable on all deposits made on or after 25 th April 2022. FDs are viable for new investors because of the rising fixed deposit interest rates. 2022 is proving to be a suitable year for many choosing to go this route, and one need only find the right issuer to enjoy a favourable experience. The increase in Bajaj Finance Fixed Deposit interest rate has made it a prudent choice as investors get an interest rate up to 7.35%, based on their investor profile and tenor. It is where the specialised FD interest calculator comes in handy, as it can be used to plan the investment for maximum returns. It is just one of the many features on offer, and to get insight on the … [Read more...] about Bajaj Finance Fixed Deposit interest rate increase. Latest FD rates up to 7.35% p.a. effective today.

Food tech companies are seeing a 10-15 percent rise in orders during the ongoing Indian Premier League cricket tournament. From Curefoods and EatClub to Biryani By Kilo, these platforms are registering strong growth during matches, company executives said. “We saw a pickup in demand for multigrain pizzas and our very popular kulcha burgers – these are what we refer to as entertainment food … The demand during weekends was 2x as compared to weekdays,” said Ankit Nagori, founder of Curefoods. “Another trend in April was the return of many more people to their offices. This happened to coincide with the IPL season. So, we doubled up on our conversation with these consumers as well,” said Nagori. The 15th edition of IPL started on March 26 and is scheduled to end on May 29. The tournament was disrupted in the previous two years by the Covid-19 pandemic. IPL 13 was held in the United Arab Emirates, while last year’s edition took place in two phases – the first in India and the … [Read more...] about Food tech companies getting more orders; thanks to IPL, office reopening

The research firm ICICI Securities believes earnings of apparel brands and retail companies under their coverage may surprise positively from Q3FY22E as the likely demand recovery may result in better than expected margin performance. Some of the costs savings achieved during pandemic may sustain and coupled with high operating leverage may lead to higher than pre-covid margins from Q3FY22E.  Stocks like Trent, V-Mart and Aditya Birla Fashion and Retail are the preferred picks backed by their strong and consistent track record of execution. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Anand Rathi's research report on Kalpataru Power Prevailing challenges related to input costs and supply-chain disruptions hurt Kalpataru’s Q4 FY22 performance. Revenue fell 14% y/y and the EBITDA margin contracted 189bps y/y. On execution … [Read more...] about Buy Kalpataru Power; target of Rs 427: Anand Rathi