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zombie firms: View: Zombie firms are rising up again in India

According to a recent study by the International Monetary Fund (IMF), corporate zombification is on the rise globally, leading to negative effects on healthy firms. In India, the focus on addressing zombie firms was temporarily abandoned during the COVID-19 pandemic, allowing these unviable businesses to continue operating. This has resulted in a duopoly emerging in sectors such as telecommunications and aviation, benefiting dominant players like Jio Infocomm and IndiGo.
New Delhi Ambani Jio Roshan Iyer Kumar Mangalam Birla Bruno Albuquerque Mukesh Ambani Jio Infocomm Ltd

Tata chief puts profits first for ecommerce arm Neu; Zerodha's Nikhil Kamath to invest in Ather

Black is beautiful and thats the colour Tata Sons chairman N Chandrasekaran wants the salt-to-software conglomerates digital arm to focus on. ‘Chandra has ordered top leaders at Tata Neu to forget the existence of all else for the time being and focus solely and urgently on profitable growth, sources have told ET. This and more in todays ETtech Morning Dispatch.
Zerodha Nikhil Kamath Nikhil Kamath Tata Chief Ecommerce Arm

Tata to invest Rs 200 crore to set up semiconductor unit in Karnataka, ET Telecom

With Wistrons iPhone manufacturing unit in Kolar being taken over by Tata, it is likely to set up an assembly, testing, marking and packaging (ATMP) plant there, according to a state industries department official. ATMP plays a major role in the semiconductor industrys ecosystem. Once a chip is printed, it must be tested and packaged before it can be shipped to manufacturers. The planned investment by Tata for its semiconductor unit is in sync with the Karnataka governments initiatives to shore ...
Tata Semiconductor Semiconductor Manufacturing Tata Group

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Jeep India: Jeep finalising EV strategy for India, looks to increase localisation

Jeep India is actively exploring options for the electrification of vehicles in the domestic market. The company is studying different strategies to meet the needs of Indian customers and is aiming for over 90% localization in its compact SUV, Jeep Compass. Aditya Jairaj, Head of Jeep India Operations, stated that electrification is a focal point for the company and that they are finalizing their EV strategy.
New Zealand Aditya Jairaj Tata Motors Jeep India Operations Deputy Managing Director Stellantis India

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