MUMBAI: Veteran banker Uday Kotak has warned that India’s economic ‘animal spirits’ are fading as the next generation of business families focuses more on managing investments than building and running companies.Kotak also called for a cohesive strategy from policymakers to counter the “vacuum cleaner” effect of US policies, which are pulling foreign capital away, straining…
A little over a year ago, a group of researchers at Sheffield Hallam University in England published a report documenting a Chinese clothing company’s potential ties to forced labor. Members of the British Parliament cited the report ahead of a November debate that criticized China for “slavery and forced labor from another era.” But Smart…
MUMBAI: The boards of Ratan Tata Endowment Foundation (RTEF) and Ratan Tata Endowment Trust (RTET), which were bequeathed the late industrialist’s shares in Tata companies, are set for restructuring. The three siblings of Ratan Tata – his half-sisters Shireen and Deanne Jejeebhoy and his half-brother Noel Tata – are preparing to join as trustees, indicating…
Honeywell, one of the last remaining U.S. industrial conglomerates, will split into three independent companies, following in the footsteps of manufacturing giants like General Electric and Alcoa. The company said Thursday that it will separate from its automation and aerospace technologies businesses. Including plans announced earlier to spin off its advanced materials business, Honeywell will…
BENGALURU: Global capability centres (GCCs) are set to surpass IT services companies in hiring tech talent, says a study by HR firm NLB Services. The report says GCCs will witness a two-fold increase in their workforce over the next five years and they are planning to hire 4.5 lakh professionals this year. “By 2030, GCCs…
A worrying trend is emerging, and it’s bad news for core engineering students. However, if you have a computer science background, the scenario looks much brighter. According to a recent TNN report, IT jobs that were once open to students across various engineering disciplines are now slipping out of reach for core engineering students. The…
Mexico’s pitch to companies considering the American market was simple. Worried about vulnerable supply chains? Need to reduce your reliance on China? Want an inexpensive spot close to the United States with favorable trade rules? Try Mexico. Thousands of companies, from family enterprises to powerhouse brands, in Asia, Europe and elsewhere have done just that…
Oil and gas companies in the United States are bracing for the possibility that President Trump will thrust their businesses into disarray and will drive up prices at the pump by imposing 25 percent tariffs on goods from Canada and Mexico. The United States is the world’s largest oil producer, but the country’s refineries are…
President Trump is swinging American energy policy sharply in favor of fossil fuels, but oil and gas companies say those changes won’t push them to engage in the frenzy of new drilling that Mr. Trump wants. The oil industry is thrilled by Mr. Trump’s executive orders, which are designed to make life harder for renewable…
Before Sunday, Colombia was quietly emerging as a refuge for multinational brands seeking a stable place to make their products in a time of geopolitical and environmental upheaval. President Trump’s threats to increase tariffs on imports from China was forcing companies to diminish their dependence on factories in that country. Businesses were setting up plants…