We hosted Coal India’s (CIL) CMD Mr. Pramod Agrawal to get an update on CIL’s current business and future plans. Key takeaways from the call are: 1) FY21 production targets may be scaled down from 710mnte given the current demand environment; 2) coal inventory both at pithead and power plants remain high and CIL’s current focus is on OB removal to prepare for the demand surge post monsoon; 3) major focus in the next few years will be on – imported coal substitution, completing ongoing cost-efficiency improvement projects, manpower reduction and rationalising loss-making mines; 4) CIL is not facing any liquidity crunch and, although receivables have increased, it expects the situation to improve, particularly with the help of Rs900bn PFC/REC scheme; 5) company is preparing a comprehensive dividend policy. … [Read more...] about Buy Coal India; target of Rs 264: ICICI Securities
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As for the broader design landscape, as the number of purely independent design studios continues to shrink: It will probably be another few years before we know what this trend means for products and innovation on whole. Some partnerships are bound to work out better than others, but the overall effect is that an entire field of our best creative minds are answering to more managers than ever. Hopefully, those managers are listening. … [Read more...] about Iconic design firm Astro joins a $600 million global consultation firm
The outbreak of COVID-19 has thrust the issue of data privacy front and center. Stuck at home, people are moving more and more of their lives online, and most are unwilling to give up their rights to enhance their physical safety. Now, more than ever, businesses need to build trust on data privacy. Proof of heightened privacy concerns can be found as companies such as Zoom experience consumer backlash for their failures to live up to today’s privacy expectations. And users have been even more shocked to find that moving to a competitor doesn’t guarantee a better privacy experience. Even before the pandemic threw data privacy into the limelight, Alphabet’s Sidewalk Labs, Superhuman, Clearview AI, and Triplebyte all faced public criticism and consequences for violating consumer trust. … [Read more...] about Apple gets it. Privacy has a user experience problem
You can also explore strategic relationships. Many top companies collaborate with employees, customers, and other organizations to expand their thinking. For example, Nike and Apple teamed up to create Nike+, while Barnes & Noble bookstores invited Starbucks to create in-house coffee shops. “Partnerships are transactional. Strategic relationships are transformational,” says David Nour, author of Co-Create: How Your Business Will Profit From Innovative and Strategic Collaboration. … [Read more...] about How to do thoughtful work when you just can’t focus
Even the most numerate MBA graduate may struggle with that calculus. Business school alumni talk wistfully of late night projects with their peers, spring break trips to foreign countries, and dreaming up startups at the bar. Roger Tsai, Kellogg School of Management Class of 2007, traveled eight different times over his two years as an MBA candidate, both for school and for fun with classmates. “The relationships that I built in business school were founded not solely off of an interaction for a class project, but by being with one another during an extended period of time,” Tsai says. Since graduating, Tsai has often leaned on former classmates for advice or for entry points into new industries. … [Read more...] about ‘It’s a huge loss’: Can elite business schools survive coronavirus?