Tuesday, August 11
Hyderabad: FMCG major Unilever is exploring the possibility of setting up a Global Capability Centre (GCC) in Hyderabad, the Telangana government has said.Chief Minister A Revanth Reddy, who is leading the state government's delegation to the World Economic Forum (WEF) Annual Meeting at Davos, met Willem Uijen, Chief Supply Chain and Operations Officer of global consumer goods giant Unilever."The Chief Minister highlighted Hyderabad's rapid transformation as a global hub for GCCs. Uijen said the company would be happy to explore the setting up of a GCC in Hyderabad," an official release said on Tuesday.State IT and Industries Minister D Sridhar Babu said Hyderabad is home to GCCs of several FMCG companies like McDonald's, Heineken and Costco.According to the government, the UAE would partn
New Delhi: Demand for China has been going up among Indian travellers considering expanded aviation capacity, attractive hotel rates, and social media content, but recent visa application requirements are likely to hinder travel. Tour operators and travel agents familiar with the matter said visa timelines have expanded and rejection rates for visas to China are up following new requirements that mandate a prior online submission of documents and approval from the embassy and consulates followed by in-person physical document submissions. There is also a greater scrutiny of financial statements, travel companies said.As per new rules introduced in December last year, applicants need to complete an online application form and upload all the necessary documents including passports, photos a
Global money managers are warming up to shares of Indian software exporters again, as they gear their business toward artificial intelligence.While the revenues from development of AI-based products are still small, analysts and investors are enthused by the growth demonstrated by companies, including Tata Consultancy Services Ltd., Infosys Ltd. and HCL Technologies Ltd. TCS said revenues from AI products grew 17% in the three months ended December from the prior quarter, while those for HCL Tech jumped 20%.Foreign funds purchased information technology stocks worth 45 billion rupees ($495 million) in the fortnight ending Dec. 31, a first since May, data compiled by the National Securities Depository Ltd. showed. The buying proved prescient as an NSE gauge of tech stocks is on pace for its
Vedanta Ltd has quietly built one of India’s broadest employee-wealth engines, delivering a cumulative Rs 2,500 crore financial impact to staff over the past five years through deeply discounted stock options, an approach that is now reshaping compensation norms in Indian manufacturing.The metals-to-oil conglomerate said its latest grant, ESOP 2025, is valued at more than Rs 500 crore alone and brings nearly 1,200 employees, many of them fresh graduates, into its shareholder base for the first time. Shares under the programme are allotted at Re 1, among the lowest exercise prices in the country, magnifying gains as Vedanta’s stock trades near record highs.From paycheques to equity stakesUnlike the narrower, top-heavy equity plans common across Indian industry, Vedanta’s ESOPs now cov
