Page 4 - Management

Should we really work 70 hrs a week?

Digital guru & ex-IIMB prof, Dr. A.Damodaran deconstructs our work culture >

Krystal sets Rs 680-715 price band to raise Rs 300 cr capital via IPO

Facility management and security services provider Krystal Integrated Services on Monday fixed a price-band of Rs 680-715 a share for its Rs 300-crore initial public offering (IPO). The IPO comprises Rs 175 crore in fresh issue and Rs 125 crore in offer-for-sale by the promoters (at the upper-end of the price band). Post-issue, the overall promoter holding led by promoter Pravin Ramesh Lad and his family (Krystal Family Holdings) will come down to close to 70 per cent. The floor price is 68 times the face value of the shares and the cap price is 71.50 times the face value of the shares which has a face value of Rs 10, chief executive Sanjay S Dighe said here. The anchor investor bidding will begin on Wednesday and the issue opens for public subscription from Thursday. The company will use the net proceeds from the fresh issue towards part repayment of its debt of Rs 187 crore; funding working capital requirements of Rs 100 crore and capital expenditure for purchasing new machinery

Edtech major upGrad appoints Venkatesh Tarakkad as chief financial officer

Tarakkad will be responsible for overseeing upGrad's domestic and global financial strategies

Volvo Car India restructures management team headed by Jyoti Malhotra

Volvo Car India on Monday said it has restructured its management team headed by Jyoti Malhotra through both internal role changes as well as external talent acquisition. The exercise carried out over the past few months is aimed to secure long-term strategic transformation and direct-to-consumer online sales, Volva Car India said. It is a subsidiary of Swedish luxury carmaker Volvo Cars. As part of the rejig, Kalpit Shishodia, who led the customer service function since 2017, has been promoted to the role of director commercial operations to oversee all revenue generating functions under sales and service. This is to ensure profitable growth, including sales of new and used cars, parts, accessories and related value chain as well as the required tech support for all products, the company said. Similarly, Prashant Khanna has been elevated to the role of director business transformation and retail development. Khanna, in his new role, is responsible for leading the transformation o

The power of neeyat in enterprise

Neeyat is not a new management jargon to replace vision and mission, nor is it an attempt to nativise an Anglo-American concept in Bhartiya hues, but it is relevant for all businesses, big or small

CCI to soon float tender for market study on AI's impact on businesses

The Chairperson of the Competition Commission of India (CCI) also emphasised that the regulator cannot take "one-size fits all" interventions in technological markets, which require nuanced assessment

360 ONE Prime aims to raise Rs 1,000 cr through non-convertible debentures

As of March 2023, the company's assets under management stood at Rs 4,927 crore, and the net profit stood at Rs 234.52 crore. The total revenue of the company stood at Rs 673.66 crore

Vaishali Kasture resigns as AWS India's interim country head in five months

Vaishali Kasture had taken over from the former president of commercial business, Puneet Chandok, in July this year

TIPS for Effective Marketing Management

India's top Marketing Guru and Brand Advisor, Ambi Parmeswaran provides you with some amazing tips to succeed in the corporate world. >

Zubin Saxena succeeds Navjit Ahluwalia as Hilton's senior VP, country head

Zubin Saxena will take charge in January 2024; he was previously working at the Radisson Hotel Group for over eight years

Avg pay packages of new mgmt recruits see 40% rise in last 2 years: Study

The average salary of management graduates of Institute of Management Technology, Ghaziabad has increased by as much as 40 per cent in the 2022-23 placement cycle, as compared to the previous two years, according to a study. The internal study by Institute of Management Technology, Ghaziabad noted that the number of first-time recruiters constituted 40 per cent of the total recruiters in the 2022-23 placement cycle. "IMT Ghaziabad has maintained a consistent record of 100 per cent placement for its students. "The BFSI, IT/ITES, FMCG, consumer durables, and consulting sectors have generated more than 75 per cent of the offers, indicating positive growth in career outcomes for our students. We have to remember that many of these firms are multinational in nature," Vishal Talwar, Director IMT Ghaziabad said. According to Talwar, participating in global rankings such as Financial Times and QS and a few others will help the institute in the quality and diversity of roles across industry

Gender shock: Share of Indian women in managerial roles declines

Country's progress in achieving board diversity falls behind comparable peers

What Kills the Profit of Your Industry: The 8 Wastes

.

MyGov chief Tripathi to take over as CEO of India Semiconductor Mission

ISM screens applications received for manufacturing semiconductors in India, and it shortlists the ones that are eligible for subsidies

ASCI appoints Marico CEO Saugata Gupta as chairman of board of governors

Saugata Gupta said ASCI will aim to instil the principles of self-regulation into the very heart of the creative process, and the organisation is set to raise the standards of responsible advertising

Yes Bank appoints Manish Jain as country head of Wholesale Banking

Jain succeeds Ravi Thota, who resigned in August, citing personal and professional reasons

Management adages vs contextual reality

At the heart of Busted lies a profound truth that dismantles the long-held shibboleths of management

Who is Aparna C Iyer? All you need to know about IT major Wipro's new CFO

On Aparna's appointment, Wipro CEO Thierry Delaporte on Thursday said she is an accomplished and result-driven leader

MasterCard appoints former SBI chief Rajnish Kumar as chairman

Veteran banker will have non-executive advisory role and guide Mastercard's South Asia executive leadership team

Quick commerce unicorn Zepto makes Ankit Agarwal chief product officer

Senior executive will be in charge of company's supply chain and consumer management in new role