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Amazon, Intel, Google, More Companies Step Up to Combat India's COVID-19 Crisis


Amazon, Intel, Google, More Companies Step Up to Combat India s COVID-19 Crisis
Companies have pitched in with everything from airlifts of medical equipment and funding pledges to making medical oxygen.
By Reuters | Updated: 29 April 2021 12:58 IST
On Tuesday, Amazon said it would ship 100 ICU ventilator units to India from the United States
Highlights
Google promised $18 million (roughly Rs. 130 crores) in funding for India
JSW said it was building large COVID patient centres around its plants
Global and Indian firms are flexing their industrial muscle to help the world s second biggest population battle coronavirus, coming to the rescue of a public health system buckling under the weight of surging infections and deaths. ....

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Tatas see exits of senior executives amid corona storm | India News


MUMBAI/CHENNAI: Several familiar faces at the Tata Group are exiting the country’s largest conglomerate amid a business upheaval and challenges caused by the pandemic.
The design head of the group’s flagship Tata Motors, Pratap Bose, is leaving after a 14-year stint even as the homegrown automobile major searches for a CEO candidate to replace Guenter Butschek, who is on an extension till June-end. Richa Sharma of Tata Consumer Products too is on her way out after leading its packaged foods business for seven years.
While Bose and Sharma are heading for greener pastures, others like TCS, Titan and Tata Elxsi’s chief financial officers V Ramakrishnan, S Subramaniam and Muralidharan H V, respectively, are superannuating. Recently, Renu Basu retired as senior VP (sales & marketing) at Indian Hotels Company (Taj) after more than a two-decade stint. ....

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TATA acquires BigBasket, stress in textile sector, and SEBI's new punch: Three things Teji Mandi investors should know on April 29, 2021


Fund Managers Under The Pump
SEBI has directed mutual funds to pay a part of the salary to its top employees in the form of units of the schemes they oversee.
As per the guidelines, at least 20% of the salary, perks, bonus, or non-cash compensation of these executives will have to be paid in the form of units of mutual fund schemes. And, units allotted as compensation should also be proportionate to the assets under management of the schemes.
SEBI has introduced this new rule based on the forensic study on Franklin Templeton. The study alleged that some of the top officials of Franklin Templeton and their family members withdrew a part of their investments from some of six stressed schemes of the fund house. The withdrawal was done just before the schemes were shut for redemptions on April 23, 2020. ....

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Tatas deal to buy up to 64.3% stake in BigBasket gets CCI approval


NEW DELHI: Competition Commission of India has approved Tatas proposal to acquire up to 64.3 per cent stake in BigBasket, a deal that will provide the diversified group a strong foothold in the fast-growing online grocery market.
Under the deal, Tata Digital Ltd (TDL) will purchase up to 64.3 per cent of the total share capital of Supermarket Grocery Supplies Pvt Ltd (SGS) as well as SGS sole control over Innovative Retail Concepts Pvt Ltd.
SGS is into B2B (business-to-business) sales through the portal business.bigbasket.com.
Innovative Retail Concepts Pvt Ltd (IRC) is engaged in B2C (business-to-consumer) sales through www.bigbasket.com and related mobile applications. ....

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2020 Tata Harrier Automatic : Official Review


Quote:
PrasannaDhana
You think someone who is ready to shell 22-24 lakhs on harrier can t spend a few more lakhs for getting a car that they like more (compass) than the harrier? Unlikely.
We are sorry that your brand new car had to undergo such minor issues and bodywork so early in your ownership. For what it is, Harrier definitely is a good product.
You yourselves have clocked 150 km a day for 30 days without any issues. That s what matters and the ICE hiccups aren t major, and a software update can fix it instantly.
What you have experienced is a sub-par dealership experience, which definitely cannot be generalized to Tata dealers all over the country. Every manufacturer has dealers that are shady. ....

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