T V Mohandas Pai, Infosys veteran and Chairman, Manipal Global Education Services has said that a demographic nightmare faces India. According to him, by 2025, about 20 crore young people would have no jobs or fewer jobs due to increasing automation and improvement in technology. He was speaking at the 14th National HRM Summit organised by the All India Management Association (AIMA) in New Delhi. He said that robots are taking over large number of…

At the ripe old age of 137, Bombay Dyeing & Manufacturing Company is turning a new leaf. It has finally said goodbye to dyeing and manufacturing and is turning to retail. Established by Nowrosjee Wadia in 1879, the company is known for its quality home textile products. It is learnt that its manufacturing facilities would be monetised as real estate assets. The company has earmarked an investment of Rs 100 crore over the next 3-4…

There might not be a lot of areas in which Indians can claim to be number one, but this should come as happy news for the harried Indian corporate worker. Travel search site Wego has listed countries which have most holidays in the world. India occupies the top position in that list with 21 public holidays. Columbia and Philippines follow at the second place with 18 public holidays in a year while China gets the…

Independent directors in companies are in focus after the recent developments in the Tata Group. But all companies do not have on board the requisite number of independent directors. According to a study of the 2016 annual reports of companies featuring in the Nifty 50 index carried out by CimplyFive, 10% did not have the requisite number of independent directors. These companies, all of which belong to the public sector, are BPCL, NTPC, ONGC, Power Grid and…

The Reserve Bank of India (RBI) has put up on its website (www.rbi.org.in) frequently asked questions (FAQs) on the recent demonetisation of higher denomination notes. The website is updated as of now up to yesterday and answers all commonly faced queries relating to the demonetisation. Among other things, the website states: All Rs 1,000 and Rs 500 banknotes, including the pre-2005 banknotes (which do not have the year of printing mentioned on the reverse) are…

It’s been a week since Rs 1000 and Rs 500 notes were demonetised. Expectedly, the stock markets have fallen since the announcement. The BSE Sensex, which closed at 27,591.14 on November 8, 2016 stood at 26,298.69 on November 16, 2016, registering a decline of 4.7%. Here’s how the different sectors have responded to the demonetisation move. BSE Sensex The sectors which have borne the brunt of the beating have been realty, consumer durables and auto…

It’s not easy being a working woman in India. However, increasing women participation in the workforce, especially in the organised sector, has led to greater awareness about women-centric issues and policies to make the workplace a more conducive place for women. A US-based magazine, Working Mother and a women-centric career service AVTAR have carried out a first-of-its kind survey to find the best companies for women to work in India. The 2016 survey is based…

In a statement to stock exchanges, Tata Consultancy Services has conveyed that Tata Sons has nominated Ishaat Hussain as Chairman in place of Cyrus Mistry. TCS is the Tata group’s most profitable company. The company has called for an extraordinary general meeting (EGM) of shareholders to remove Mistry as director of TCS. The 69-year old Hussain has just one year to go for retirement. Hussain was one of the two directors who had abstained from…