Page 8 - Business

90% organisations say generative AI will help add new lines of biz: PwC

As many as 90 per cent of the organisations surveyed said generative AI will help them add new lines of business over the next 12 months, according to PwC's 2024 Digital Trust Insights. Newer regulations around cybersecurity and data privacy like the Digital Personal Data Protection Act, 2023 have added to the strategic importance of enhanced cyber investments for organisations, it said. "More than half the business decision-makers are most concerned about cloud security-related threats and almost half of them are concerned that the outcome of a cyber attack could result in loss of customer data and revenue," said PwC India's 2024 Digital Trust Insights. The report sheds light on the evolving landscape of cybersecurity, and is based on a comprehensive survey of 3,876 business, technology, and security executives across the globe with 136 participants from India. As per the report, 90 per cent of organisations believe gen AI will help them add new lines of business over the next 12

Solving intermittency of renewables

Emphasise the path to discovery, not a design

Goyal to meet ministers, businesses in Riyadh to discuss trade, investment

Commerce and Industry Minister Piyush Goyal will meet senior leaders and businesses in Riyadh during his two-day visit to Saudi Arabia, starting from October 24, to discuss ways to boost trade and investments between the two countries, an official statement said on Monday. Goyal will be attending the seventh edition of Future Investment Initiative (FII) in Riyadh, Saudi Arabia. He would meet Kingdom of Saudi Arabia (KSA) dignitaries including Energy Minister Prince Abdul Aziz Bin Salman Al-Saud; Commerce Minister Majid bin Abdullah AlKassabi; Investment Minister, Khalid A. Al Falih; Industry and Mineral Resources Minister Bandar bin Ibrahim AlKhorayef; and Governor Public Investment Fund (PIF) Yassir Rummayyan among others, the commerce ministry said. Goyal will also co-chair a conclave session on the theme From Risk to Opportunity: Strategies for Emerging Economies in the New Industrial Policy Era along with the Saudi Arabian Investment Minister. He is also expected to meet busine

How to start a business with no money? Here are the simple steps to follow

Starting a business without investment looks impossible, but it isn't. You can fulfil your entrepreneurial dream without investing a single penny. Here's how to start your business with no money

XLRI achieves 100 per cent Summer Internship Placements for 2023

XLRI- Xavier School of Management received 100% summer internship placements for the 2023-25 batch for its flagship two-year programs i.e. PGDHRM and PG Diploma in Business Management

Bankman-Fried: From crypto hero to zero

The profusion of exclamation points is a tipoff that Lewis is at least somewhat aware how dumb such optimism looks in retrospect - especially now that Bankman-Fried's trial on fraud charges has begun

Offsite Events: The Future of Corporate Team Building

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Top 5 business ideas under 20000 to start making money today

A successful business requires a good business idea, sufficient investment and determination to face any obstacles. Here are the top 5 business ideas with an investment of less than Rs 20000

HCLTech, Business Finland sign agreement for technology collaboration

Partnership will enable Finnish firms to use Indian company's innovation network

JSW Infrastructure has huge potential to grow its business: Sajjan Jindal

Commercial ports operator JSW Infrastructure, which got listed on the bourses on Tuesday, said it has a huge potential to grow its business and aims to become a global company, JSW Group Chairman Sajjan Jindal has said. Speaking at the listing event, Jindal cited the example of Singapore and said that it is a City-State and handles more cargo than all of India. "We can also create such ports which handle not just our own cargo but also of the countries around us," he said. "We cannot think only India centric, we have to think global and we have to really build ourselves as a global company. So we have to really think at those levels," he said. Jindal further said that India has a large coastline and logistics cost in the country is among the highest in the world. "The cost of transporting goods in India is the highest, So JSW Infra has a huge potential to grow its business to create what the government has created, CONCOR," Jindal said. A Public Sector Undertaking, CONCOR (Contain

LVMH billionaire Bernard Arnault probed over possible money laundering

The investigation into Arnault and Nikolai Sarkisov involves transactions related to property in the exclusive ski resort of Courchevel, according to Le Monde newspaper

Business loans for startups and new businesses by the Indian government

Every business needs a loan to flourish and grow and the need is more if it is a new business or startup. The government has issued several loan schemes to help MSMEs. Check details below

Himanta rolls out financial aid scheme to help Assam youth set up business

In a move to fuel growth through self-employment, Assam Chief Minister Himanta Biswa Sarma has launched a scheme to help youths set up their own ventures. At a function here, Sarma rolled out the Chief Minister's Atmanirbhar Asom Abhijan 2023. He also launched a registration portal for the scheme. Under the programme, financial aid will be given to two lakh youths for creating a robust entrepreneurial ecosystem, he added. Speaking on the occasion on Saturday, Sarma said, "The scheme has been designed to create self-employment avenues to enable the youths to fuel development of the state. It has the potential to strengthen rural economy." He said that the unemployed degree holders in the fields of engineering, medicine, agriculture, animal husbandry and fishery will be kept in the first category and will be given Rs 5 lakh. "On the other hand, unemployed postgraduates, general graduates, ITI, polytechnic passouts will be kept in the second category for government assistance of Rs 2

Grasim to launch its paint biz in Q4 under the brand name 'Birla Opus'

The production of paints will take place at the company's manufacturing plants located in Haryana, Punjab, Tamil Nadu, Karnataka, Maharashtra, and West Bengal

General Datatech to expand India operations, double headcount in 1 year

GDT will be hiring both laterals and freshers from Indian colleges. In terms of skills, it would be focussing on networking-related skills like 5G, SD-WAN, and Wi-Fi 6.

THE TIMELESS JOURNEY: FROM A RICH LEGACY TO INSPIRING FUTURE

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Businessmen in India being harassed by central agencies: Mamata Banerjee

Businessmen of the country are being harassed by central agencies, West Bengal Chief Minister Mamata Banerjee alleged on Friday. Speaking at real estate meet STATECON 2023 here, Banerjee said her family was also being harassed by these investigative agencies even when she did not accept "a single cup of tea from anybody". "Sometimes, some persons may disturb you but you are not alone. Don't be weak. All businessmen are being harassed by the agencies. My family is also being harassed, even when I did not take a single paisa or accept a single cup of tea from anybody in my life. This is a political vendetta. If anything happens, you should take legal steps," she told the gathering. The chief minister claimed that certain sections were trying to create a bad image of the state by portraying that only communal riots happen in West Bengal, and no developmental works are undertaken. "This is absolutely wrong. If you look closely, you will find that West Bengal is at the top in many ...

Gati partners with Tech Mahindra to develop app to boost productivity

Allcargo Group firm Gati on Monday said it has partnered with Tech Mahindra to develop an application to boost productivity and unlock new business opportunities for the company. Tech Mahindra will enable Gati, over the next 18-24 months, to custom develop the software application -- Gati Enterprise Management System (GEMS) 2.0 -- from scratch, covering the entire first, mid and last-mile operations, the company said. The software will be developed in modules like pickup, delivery, en-route, customer contracts, invoicing, among others, offering a modern tech-driven interface while increasing efficiency and lowering costs, it said. The software application leverages Tech Mahindra's expertise and focuses on cloud-native applications, Gati said, adding the partnership is focused on replacing Gati's legacy application with a digital, scalable, and more agile cloud-based application. GEMS which was rolled out 20 years back is a pioneering initiative in the logistics industry, said ...

Taro stake buyout to help operate dermatology biz profitably: Sun Pharma

Sun Pharma is looking to fully acquire its Israel-based unit Taro Pharmaceutical Industries in order to integrate the dermatology business with itself and keep it profitable amid increasing competition in the segment, according to Managing Director Dilip Shanghvi. The Mumbai-based drug major has proposed to fully acquire Taro through a reverse triangular merger. The company has issued a letter to the Taro board with a proposal containing a non-binding indication of interest to acquire all of the outstanding ordinary shares for a purchase price of USD 38 per ordinary share in cash. Sun Pharma currently owns around 78 per cent stake in Taro. "My own assessment is that the dermatology business, which is the primary focus for Taro, is a business under constant, increasing competition pressure," Shanghvi said in an analyst call. He further said: "And as a stand-alone company, it will be very difficult for Taro as an independent company to continue to operate that business profitably. S

Important to remove bias rather than woman tag: Women leaders in tech

Women in corporate India believe that removing the bias attached to women entrepreneurs and leaders is more important than shedding the tag itself, as females in the workforce are a role model for others who follow in their footsteps. On the occasion of Women Equality Day, women leaders in tech, that PTI spoke to, said their journey reflects opportunity, determination as well as a responsibility, and hence they would not want to shed the "woman" label. Mintoak chief product officer Rama Tadepalli said it would be better to "retain the woman tag and remove the bias." "I don't want to actively shed the label, as I've come to understand that when a woman achieves success, whether as an employee, entrepreneur, or in any capacity, she assumes a role with both opportunities and responsibilities." Edelweiss Asset Management Limited MD and CEO Radhika Gupta said. This entails being a role model for other women who observe the journey and the generations that follow, she added. SUGAR Cosme