Monday, August 10
Bengaluru: With water security in focus at Davos during the World Economic Forum's 'Year of Water', India Inc is integrating conservation into the core of its operational strategy, moving beyond treating it as just an optional ESG initiative.From boardrooms to shop floors, companies such as Larsen & Toubro, Infosys, SAP, ITC, and Myntra are tightening controls on how water is consumed, reused, and monitored; hardwiring efficiency into design and nudging employees to rethink everyday use. The focus is on reducing dependence on freshwater, improving reuse, and building resilience against growing water stress, amid a growing recognition that this directly impacts costs, operations, and business continuity.Not surprisingly, water stewardship or using water in a way that is socially equitab
More than 8,000 flights across the U.S. set to take off over the weekend have been canceled as a major storm expected to wreak havoc across much of the country bears down, threatening to knock out power for days and snarl major roadways. Roughly 140 million people were under a winter storm warning from New Mexico to New England. The National Weather Service forecast warns of widespread heavy snow and a band of catastrophic ice stretching from east Texas to North Carolina. Forecasters warned that damage, especially in areas pounded by ice, could rival that of a hurricane. By Friday night, the edge of the storm was sending freezing rain and sleet into parts of Texas while snow and sleet were falling in Oklahoma. After sweeping through the South, the storm was expected to move into the North
The primary market will see a relatively quiet week ahead in terms of fresh fundraising, with no mainboard public offerings opening for subscription. However, investor activity will continue on the SME platforms, where five IPOs are scheduled to open next week, alongside three listings across the mainboard and SME segments.While there are no large mainboard issues opening, market attention will remain on the listing side, led by Shadowfax Technologies, which is set to make its stock market debut.Shadowfax IPOShadowfax will be the only mainboard listing among the three companies scheduled to list during the week. The grey market premium for Shadowfax stood at Rs 0 ahead of listing, indicating muted expectations of a listing pop amid cautious broader market sentiment.Shadowfax Technologies r
Amazon is preparing for a second round of layoffs next week as part of its broader goal of trimming some 30,000 corporate workers.The world's largest etailer had trimmed about 14,000 white-collar positions in October as part of this exercise, its biggest yet.The upcoming layoffs could reportedly begin as soon as Tuesday. This will impact Amazon Web Services (AWS), retail, Prime Video, and the People Experience and Technology (PXT) units, though the exact scope is unclear.The cull will affect only a fraction of the company's 1.58 million total employees but is still a major reduction in its office ranks. Most of Amazon’s staff globally work in fulfillment centres and warehouses.During the October round, the company allowed laidoff employees to be on payroll for 90 days to apply for intern
