Page 70 - Specials News
PMC Bank gets some cooperative support, but revival to take time
The takeover of this bankrupt urban cooperative bank by the Centrum-BharatPe combine marks the first instance of NBFCs, high-net worth individuals and fintechs being allowed entry in this space
 "PMC Bank gets some cooperative support, but revival to take time")
Domestic PE firm ICICI Venture sees bigger gains from smaller deals
Instead of competing with global majors, the domestic PE firm is positioning itself as a 'bottom-up' player offering local expertise
 "Domestic PE firm ICICI Venture sees bigger gains from smaller deals")
Amazon battles regulators in bid to stay dominant in India's e-comm market
The tussle with governments is a familiar territory for Amazon since it, along with Apple, Google and Facebook, face potentially similar charges in the US
 "Amazon battles regulators in bid to stay dominant in India's e-comm market")
Making sense of crisis-hit Jet Airways' juggle for key airport slots
The Kalrock-Jalan consortium, whose proposal got the NCLT nod, hopes to restart Jet Airways as a full service airline with 25-30 aircraft
 "Making sense of crisis-hit Jet Airways' juggle for key airport slots")
Sam Altman wants to scan your eyeball in exchange for cryptocurrency
Among the many parts of its plan, Worldcoin has designed an orb-shaped device that would scan a person's iris to build a unique personal identifier
 "Sam Altman wants to scan your eyeball in exchange for cryptocurrency")
BS Number Wise: How many years have we lost to coronavirus?
One measure is the change in gross domestic product (GDP). The pandemic chipped away 7.3 per cent of India's real GDP in 2020-21
 "BS Number Wise: How many years have we lost to coronavirus?")
Suraksha group may have to cross legal hurdles to take control of Jaypee
With Jaypee in its kitty, Suraksha will get highly visible assets such as the Noida-Agra Expressway and the land bank around the expressway, and 730-bed hospitals in Noida and Bulandshahr
 "Suraksha group may have to cross legal hurdles to take control of Jaypee")
Covid leaves a lasting impact
India's problem is less with the unemployment rate and much more with the labour participation rate and the employment rate. The lasting impact of Covid is a much smaller worker participation rate
Our aim is market share growth with an eye on margins: Ashok Leyland CEO-MD
In a Q&A, Vipin Sondhi says the firm will launch more LCVs and step up exports to Africa and Middle East as part of its de-risking strategy
 "Our aim is market share growth with an eye on margins: Ashok Leyland CEO-MD")
Statsguru: What bank deposits data tells us about Covid disruption
Deposits grew fast in the period when consumption got hit due to restrictions and precautionary behaviour.
 "Statsguru: What bank deposits data tells us about Covid disruption")
What's in store for PMC depositors
They will probably get their money back through staggered payments, and part of it can be converted into equity.
Meet HDFC Bank's Sashidhar Jagdishan, a CEO courageous enough to be upfront
Jagdishan took over from his larger-than-life mentor Aditya Puri
 "Meet HDFC Bank's Sashidhar Jagdishan, a CEO courageous enough to be upfront")
OVL on an oil slick, struggles with geopolitical and domestic challenges
Covid-19 has added to these issues. It has not only impacted the demand for fuel but also made the acquisition process slower.
 "OVL on an oil slick, struggles with geopolitical and domestic challenges")
New OTT audience tracking tools take centre stage in video streaming space
With billions of dollars spent every year on original programming--and movies now being launched via OTTs with theatres remaining shut--the need for audience measurement is stronger than ever
 "New OTT audience tracking tools take centre stage in video streaming space")
Eveready powers up for life after debt, but the question of control remains
After hefty provisioning for inter-group loans, the Khaitan-managed company says it is back on track. But who will be in control from here on remains an open question
 "Eveready powers up for life after debt, but the question of control remains")
Explained: How sugar sector shrugged off its bitter cyclical nature
Data shows that in the 10-year period from 2010-11 to 2020-21, India's annual sugar production exceeded domestic consumption in all the years, except 2016-17
 "Explained: How sugar sector shrugged off its bitter cyclical nature")
Using digital currencies abroad hits logjam, but pandemic may have solution
Without coordination between companies and regulators, e-CNY, FedCoin, Britcoin will all remain trapped in silo.
 "Using digital currencies abroad hits logjam, but pandemic may have solution")
Fugitive diamantaire Mehul Choksi: The first glimmers of fraud
The diamantaire's implication in his nephew's defrauding of PNB is well documented. Less well known is the sharp practices he employed in his Indian businesses long before this global scandal erupted
 "Fugitive diamantaire Mehul Choksi: The first glimmers of fraud")
Consumer protection rules: Decoding the impact on e-commerce firms, buyers
The proposed rules have created quite a stir among companies, with some anticipating a change in their business structure if these are implemented
 "Consumer protection rules: Decoding the impact on e-commerce firms, buyers")
As Covid made employee verification tough, 32% firms turned to tech: EY
Survey makes a case for tech-driven tailored approach, rather than one-size-fits-all process.
 "As Covid made employee verification tough, 32% firms turned to tech: EY")