companies | Pixr8 News

Companies Hit Pause Button as Coronavirus Infects Global Economy

18Mar By AdityaNo Comments

ANALYSIS

Companies Hit Pause Button as Coronavirus Infects Global Economy

Layoffs, cutting costs and halting dividends, companies are scrambling to adapt as the coronavirus emergency hits demand and the draconian measures taken to contain the spread of the illness undercut production and demand. With the economic impact of the coronavirus threatening the survival of many firms, governments have pledged tens of billions to help them limp along or failing that, to bankroll outright rescues or nationalization if necessary. Several industrial giants, in particular in the automobile industry, have reduced or even suspended production. Nissan suspended production at its Sunderland plant in northern England, the automaker's biggest plant in Europe, employing about 7,000 workers, and has closed plants in Spain and Indonesia as well. French automobile manufac...

Indian Stock Exchange BSE Will Delist 222 Companies Tomorrow

3Jul By AdityaNo Comments

Market

Indian Stock Exchange BSE Will Delist 222 Companies Tomorrow

Mumbai based stock exchange BSE planning to delist as many as 222 companies from tomorrow. The trading of these shares has remained suspended for next six months. The reason behind this move is clamping down on shell companies listed as well as unlisted for being allegedly used as conduits for illicit fund flows. In August last year, Sebi had directed exchanges to act against 331 suspected shell companies, while the government has already deregistered more than 2 lakh firms that have not been carrying out business activities for long. In a circular, the BSE said, "210 companies that have remained suspended for more than six months would be delisted from the platform of the exchange, with effect from July 4, 2018, pursuant to an order of the delisting committee of the exchange". Furth...

What Can Companies Do To Mitigate The Impact Of Brexit

28Jun By AnkitaNo Comments

News

What Can Companies Do To Mitigate The Impact Of Brexit

The United Kingdom, Europe and the world woke up to a new reality. With the majority of the population voting to leave the European Union, Britain has started its road to separation. With sterling plummeting to its lowest level in 31 years and the stock market falling sharply this morning, what lies ahead? What will be the impact on companies and markets? What can be done to mitigate potential repercussions that Brexit will inevitably bring? Even more importantly, how can companies adapt to the important changes coming our way and identify new opportunities? As we all know Brexit is likely to take a minimum of two years to materialize, with the process for withdrawal from the EU expected to start when Article 50 of the Treaty of Lisbon is triggered. Once the intention of separation i...

Delhi-NCR Emerged as The Top Job Creator City in January-March: Report

29May By AdityaNo Comments

News

Delhi-NCR Emerged as The Top Job Creator City in January-March: Report

Delhi-NCR emerged as the top job creator among eight major cities in January-March, generating over 2.6 lakh new employment opportunities in the period, says a report. A total of 8.5 lakh jobs were created in eight major cities across the country, the report said. "Delhi-NCR emerged on top with over 2.6 lakh new jobs created during January to March 2016 followed by Bangalore (1.9 lakh), Mumbai (1.5 lakh), Chennai (82,200) and Hyderabad (60,000). About 88.9 per cent of job openings have been recorded in these top five cities," the report by Assocham said. In Delhi-NCR, about 61.1 per cent of job openings were recorded from the information technology enabled services (ITeS) followed by services (18.5 per cent), manufacturing (8.4 per cent), banking financial services & insurance (...

Reliance Jio Launch Delay Frustrating Investors: Citi Group Report

1May By AdityaNo Comments

News

Reliance Jio Launch Delay Frustrating Investors: Citi Group Report

IANS- The excessive delay in Reliance Jio's commercial launch is frustrating investors, a Citi Group report said. "The ensuing delay could be testing investors' patience. It raises concerns of Jio further eroding its first mover advantage. The capital expenditure targets also continue to go up," the report said. The delay is expected to be on the account of the company's chase for "perfection", it said. "RIL (Reliance Industries Ltd) is leaving no stone unturned in ensuring Jio does not over-promise and under-deliver. The company now plans to fully integrate Reliance Communication's 800 MHz spectrum before the Jio launch (making it the only player with sub-1GHz pan-India LTE spectrum," the report said. "It (RIL) also plans to increase the coverage to 90 per cent (from 70 per ce...

15Mar By NitishNo Comments

INDIA

Chinese Smartphone Maker OnePlus To Make Phones in India, Partners With Foxconn

Chinese smartphone maker startup OnePlus will start manufacturing smartphones in India, by the end of this year. In the press statement company announced on Monday, "OnePlus has partnered with contract manufacturer Foxconn, and is the recent company to join the Indian government's ambitious 'Make in India' initiative." "Today is a big day for us. Producing smartphones in India is one of the most important decisions that we have made so far at OnePlus, and we are thankful to the Government of Andhra Pradesh and Foxconn for helping us make this happen. India being one of our biggest markets worldwide, we are committed to a long term sustainable growth path. This move will strengthen our presence and help us step up momentum in India," Pete Lau said. The company will start locally man...

With 23 Portfolio Companies across 6 Sectors, Unitus Touches 655,000+ Lives across 22 States of India

25Feb By NitishNo Comments

ANALYSIS

With 23 Portfolio Companies across 6 Sectors, Unitus Touches 655,000+ Lives across 22 States of India

25 February 2016, Bangalore: Unitus Seed Fund, India’s leading seed-stage impact investor, released its annual fund and portfolio impact report. Since 2013, the fund has made a total of 23 investments across sectors including Education, Healthcare, Financial Technology, Agriculture, Retail and Ecommerce, Mobile and Consumer. Their new impact report shows doubling of the total portfolio reach, touching more than 6.5 lac low-income lives across 22 states in India. According to the Global Impact Investing Network, the market for impact capital is currently $60B and is expected to reach $2 trillion over the next 10 years. In India, there has been a shift of mindset from pure not-for-profit enterprises to establishing sustainable and scalable market-based models to tackle low-income popul...

First of Its Kind: Indian Oil Tie Up With Logistics Start-up Firm Fortigo

11Jan By Press Trust of IndiaNo Comments

BUSINESS

First of Its Kind: Indian Oil Tie Up With Logistics Start-up Firm Fortigo

Chennai: Country's largest oil marketing company Indian Oil on January 11, announced its partnership with logistics start-up firm http://www.fortigo.com/Fortigo, aimed at providing technology based solutions to small truck owners. Fortigo is funded by various venture capitalists including Infosys co-founder Nandan Nilenkani. The partnership between Indian Oil and Fortigo, a first-of-its-kind in the industry, would help small truck owners to manage the inventories and plan operations effectively saving time and reduce transportation costs, a company statement said. Small truck owners with small fleets can manage logistics issues. The tie up with Fortigo would also help Indian Oil to tap fuel business from fleet operators covered under the Fortigo platform, it said. During the current ...

5 Ways Startups Can Beat Big Companies- Ravin Gandhi

25Sep By No Comments

BLOGS

5 Ways Startups Can Beat Big Companies- Ravin Gandhi

One of the most intimidating things entrepreneurs face is the fact that some of their competitors are massive multi-billion dollar corporations. Everyone knows the story of David and Goliath; occasionally the underdog wins. But in the real world, the giant wins a lot (if not most) of the time. This was a reality I faced when I started GMM Nonstick Coatings in 2007, a manufacturer of nonstick coatings for cookware, bakeware and appliances. We were a true startup: no employees, clients or products. Our main competitor was DuPont, whose multi-billion dollar brand Teflon has been a household name for decades. Other industry competitors were subsidiaries of global conglomerates with facilities that looked like museums. I remember walking trade shows with a rolling suitcase alone, not bein...