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NEWS

Posted On:
07-10-2024

Samsung officials hold talks with TN govt amid ongoing labour strike

Senior officials of Korean electronics giant Samsung on Sunday called on Tamil Nadu Minister for Industries TRB Rajaa here and discussed swiftly resolving the ongoing labour strike at their factory. The meeting was held following Chief Minister M K Stalin's directive to three of his ministers to resolve the issue at the earliest.Nearly 1,100 employees of the total 1,750 are on strike at the factory in Sriperumbudur near here, since September 9 pressing for various demands including pay revision and better working conditions. They also demand that the Samsung India Workers' Union backed by the Centre of Indian Trade Unions (CITU) gets registered by the state government. Stalin on Saturday instructed three state ministers, including Rajaa, T M Anbarasan (MSME) and C V Ganesan (Labour Welfare and Skill Development) to hold talks with the management and the employees and ensure an early end to the strike.
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Posted On:
07-10-2024

Malls need to be 'more humane' towards delivery partners: Zomato CEO

Zomato CEO Deepinder Goyal on Sunday said malls need to be "more humane" towards delivery partners, sharing his first-hand experience as a delivery executive picking up orders for the food tech giant. The Zomato CEO and his wife Grecia Munoz, who changed her name to Gia Goyal on Instagram, earlier took on the role of delivery partners to deliver orders in Gurugram and get a first-hand experience of challenges faced by them.Sharing his experience in a social media post, Goyal said: "During my second order, I realised that we need to work with malls more closely to improve working conditions for all delivery partners. And malls also need to be more humane to delivery partners. What do you think?" The Zomato CEO tagged a video with the post elaborating upon the experience."We reached Ambience Mall in Gurugram to pick up the order from Haldiram's. Was told to take the other entrance, and realised they are asking me to take the stairs. Went in again on the main entrance to make sure there are aren't any elevators for delivery partners".
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Posted On:
07-10-2024

Amid box office jitters, Saregama eyes majority stake in Dharma Productions

Music label major Saregama India, owned by RP Sanjiv Goenka, is reportedly in talks to acquire a majority stake in producer Karan Johar’s company, Dharma Productions, Livemint reported on Monday. Sources cited in the report suggested that the deal may not occur and has not reached the final stages. This development comes at a time when box office volatility and rising star fees are making it tougher for production companies to operate independently, a challenge Dharma Productions is also facing. The report added that Dharma Productions has been seeking investments for some time. Recent projects from Dharma Productions include Kill, Bad Newz, Yodha, and Mr & Mrs Mahi. The Alia Bhatt-starrer Jigra is set to hit theatres this week. Recently, Johar has commented publicly on the “unprecedented” compensation demands of movie stars. On September 24, he revealed in an interview that some leading actors had demanded Rs 40 crore in fees for Kill, which surprised him since that was the entire budget of the film.
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Posted On:
08-10-2024

Suresh Narayanan to retire from Nestle India in 2025, Amazon's Manish Tiwary to take over as MD

Narayanan has been with Nestle for over 26 years, playing a pivotal role in the company’s growth and navigating significant challenges. He took charge as managing director in 2015, a period marked by the Maggi noodles crisis.Nestle India’s chairman and managing director, Suresh Narayanan, will retire from the company effective July 31, 2025. He will be succeeded by Manish Tiwary, currently the country leader at Amazon India, who will take over as managing director from August 1, 2025, according to an exchange filing by the company. Narayanan has been with Nestle for over 26 years, playing a pivotal role in the company’s growth and navigating significant challenges. He took charge as managing director in 2015, a period marked by the Maggi noodles crisis, where he successfully revived the brand after it faced a nationwide ban. He was appointed chairman and managing director later that same year in October. Tiwary, who brings nearly three decades of experience in the e-commerce and consumer goods sectors, has been with Amazon India since 2016 following a 20-year career at Unilever. An MBA from IIM Bangalore, Tiwary currently holds directorships at Amazon Digital Services Private Limited and More Consumer Brands Private Limited. He will step down from these positions by October 30, 2024, before joining Nestle.
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Posted On:
08-10-2024

Blinkit, Swiggy Instamart and BigBasket next on Mukesh Ambani's disruption list?

Mukesh Ambani is reportedly taking aim at Blinkit, Swiggy Instamart, and BigBasket as Reliance Retail quietly tests the waters in the quick commerce race. According to The Economic Times, Reliance has already launched pilot programs via JioMart in Navi Mumbai and Bengaluru, signaling its intent to shake up the fast-paced delivery market. With plans for a nationwide rollout, Reliance is gearing up for a head-on collision with the biggest names in India’s booming quick commerce sector.The initial phase, the report adds, focuses on grocery deliveries, but Reliance plans to expand into value fashion and electronics, including smartphones and laptops. Unlike competitors, who rely on dark stores and neighborhood warehouses, Reliance will fulfill orders from its vast retail network, including Reliance Digital and Trends stores. The goal is to deliver most orders within 10-15 minutes, using its logistics arm, Grab, for fulfillment. This strategy will allow Reliance to tap into its existing infrastructure rather than building new facilities, setting it apart from its rivals.
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