P&G ropes in 3 startups to drive automation at Ariel, Tide, Pampers’ Hyderabad facility Posted on 13th August 2019 |
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| One of the leading global FMCG companies P&G has partnered with three startups to drive automation and other tech solutions at the manufacturing sites of P&G’s three popular brands viz Ariel, Tide and Pampers. Maharashtra based Goken Technology India Pvt. Ltd. and Greenovative Energy Pvt. Ltd. and Chennai based Infomine Software Solutions were selected by P&G “to pilot innovative digitization and energy optimization solutions at P&G’s Hyderabad plant,” the company announced in a statement. Procter & Gamble had joined hands with a Telangana state government initiative WE Hub to identify and collaborate with startups as the state government looks to invest in Indian startups and their inclusive growth. Over 50 startups applied through WE Hub portal. “P&G’s active participation to involve startups in their pursuit to drive automation in their manufacturing site sets a great precedent for the involvement of Corporates in creating a conducive environment for startups,” Deepthi Ravula, CEO of WE Hub said. The partnership with WE Hub is helping the company to leverage external startup capabilities, Shivangi Jain, Associate Director – Purchasing and Supplier Partnerships, P&G India said. P&G is not the only FMCG brand that is eyeing start-ups for developing business. Recently, ITC had also said that the company will invest in FMCG start-ups. Previously, IT major Microsoft had also announced a collaboration with WE Hub. “As our engagement with technology increases, we will require more talent with advanced skill sets that are different from what exists now,” Reena Dayal Yadav, director of Garage India, Microsoft said at the event. Designing and execution of learning activities and tools that would enable women to innovate and encourage girls to pursue a career in science, technology, engineering and math (STEM) is the key agenda of the partnership. We Hub is an only State-run platform for women entrepreneurs and was initiated by the IT E & C Department, Government of Telangana. The platform aims to ensure morale, financial, governmental and policy support needed to start and scaling up companies and the government extends support to the women entrepreneur in Telangana and across India. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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