Business World

     Tata Motors Highlights : Tata Motors launches 55 tonnes prime mover Signa 5525.S The model offers the power of enhanced performance and lower cost of ownership Tata Motors is the country's first manufacturer to get the ARAI certification T ata Motors on Tuesday launched its 55 tonne prime mover Signa 5525.S , which is powered by a 6.7 litre engine. Equipped with three distinct drive modes ( light, medium and heavy ) Signa 5525.S is India's highest gross combination weight prime mover in the 4×2 segment. The model offers the power of enhanced performance and lower cost of ownership, thereby increasing revenue and reducing operating costs. Tata Motors is the country's first manufacturer to get the Automotive Research Association of India (ARAI) certification of 55 tonne for a 4×2 prime mover. 

     Adani Group : Adani Group, is an Indian Multinational Conglomerate Company, headquartered in Ahmedabad Gujarat .  It was founded by Gautam Adani in 1988 as a commodity trading business, with the flagship company Adani Enterprises Limited, previously Adani Exports Limited .  The Group's diverse businesses includes energy, resources, logistics, agribusiness, real estate, financial services, defence and aerospace.  The Group has annual revenue of over US $13 billion with operations at 70 locations in 50 countries. 

      Highlights : Tatas tap wealth funds to buy Shapoorji stake  Tata Group may offer to purchase the Mistry family's 18.4% stake in a staggered manner On September 22, the Shapoorji Pallonji group said in a statement that it wants to end its relationship with the Tata Group. T he Tata Group has reached out many to several investors including sovereign wealth funds, to raise funds to buy out the Mistry family's stake in Tata Son's Limited. Tata Group may offer to purchase the Mistry family's 18.4% stake in a staggered manner, instead of acquiring the entire shareholding at one go. The Mistry family's stake is estimated to be ₹1.5 lakh crore , according to valuations submitted to the Supreme Court. On September 22, the Shapoorji Pallonji group said in a statement that it wants to ends it seven-decades-long relationship with the Tata Group.

 Business Awareness Quiz  1.    ‘The easy way to stay in touch’, is the punchline associated with which of the following prepaid mobile cards? Ans : Trump 2.  Which of the following represents the percentage of equity that will be retained by the Government after the disinvestment of HPCL and BPCL, respectively? Ans : 12% and 26%  3.  The name of Raymond’s chain of stores, that it plans for the retailing of consumer durables is Ans : Plugin 4. Which of the following personalities has been appointed as the head of Tehelka Panel after the much in news resignation of its chief K.Venkataswamy? Ans : S.N. Phukan 5. This scooter won the Business Standard Motoring Scooter of the year 2003 award and has the punchline, Science and Sizzle. Which scooter are we talking about here? Ans : Nova   6. Which of the following personalities has been chosen as the winner of JRD Tata Corporate Leadership Award 2002, given by All India Management Association? Ans : S. ...

    Highlights : Harley Davidson to exit India It seeks local partners to serve existing customers An associated workforce reduction of approximately 70 employees A merican cult bike manufacturer, Harley Davidson on Thursday said it is discontinuing sales and manufacturing operations in India , a decade after it started selling it's premium bikes in the country. Industry sources said the company is looking to tie up with a partner to run its business in the country. The India action include an  associated workforce reduction of approximately 70 employees. About Harley Davidson :  Harley Davidson is an American motorcycle manufacturer founded in 1903 . Harley Davidson is noted for a style of customisation that gave rise to a chopper motorcycle style.  Harley Davidson is one of the world's largest motorcycle manufacturer and an iconic brand known for its royal following.

       Apple Inc Highlights :  Apple opens its first online store in India  Apple's overall smartphone market share in India is less than 2% in the premium segment Apple's physical store is still some time away   A pple Inc opened its Indian online store on Wednesday, allowing the world's most valuable company to control the experience of shoppers and introduce visitors to a wider portfolio of products. With its first company-owned physical store in India is still some time away, the online store offers options that customers may not get on third-party online stores, serving as a vital cog in Apple's  long-term plans. But opinion remain divided on whether the move alone will boost the company's market share in the short term. Apple's overall smartphone market share in India is less than 2% in the premium segment

    Amazon :  Amazon.com, Inc. is an American Multinational Technology Company based in Seattle, Washington. Amazon focus on e-commerce , cloud computing, digital streaming and artificial intelligence.  Amazon is considered big 4 companies in the information technology industry of United States, alongwith Google, Apple and Facebook . Amazon has been referred to as " one of the most influential economic and cultural forces in the world" as well as the world's most valuable brand. Jeff Bezos :  Jeffrey Preston Bezos is an American internet entrepreneur, industrialist, media proprietor and investor.  He is best known as the founder, CEO and president of the multinational technology company Amazon . According to Forbes, Bezos is the first person in history to have a net worth exceeding $200 billion.      Jeff Bezos

  TATA GROUP :  Tata Group is an Indian multinational conglomerate holding company headquartered in Mumbai, Maharashtra, India. Founded in 1868 by Jamsetji Tata, the company gain international recognition after purchasing several global companies.  Each Tata Company operates independently under the guidance and supervision of its own Board of Directors and it's shareholders. RATAN TATA : Ratan Naval Tata is an Indian industrialist, philantropist, and a former chairman of Tata Group.  He is the recipient of two of the highest civilian award of India Padma Vibhushan and Padma Bhushan. He is well known for his business ethics and philanthropy.

     Tesla Highlights : Tesla initiates talks to set up Research Centre in Bengaluru  India will be the second country besides US where Tesla will have a research centre India's EV market is expected to touch ₹50,000 crore by 2025 T esla has shown initial interest to invest in research and innovation centre in Karnataka and talks are in preliminary stage. If the talks fructify, India will be the second country besides US where Tesla will have a research centre. INDIA OPPORTUNITIES :  India's EV market is expected to touch ₹50,000 crore by 2025 Of this, battery, motor and controller together can be a ₹15,000 crore opportunity for India by 2025 Over 3 million EVs to be sold in India, majority of them will be 2 and 3-wheelers.

  Business Awareness | Session - 1  Q : Name the first Indian Businessman who found place in the cover  story of Forbes magazine ? Ans : Azim Hasham Premji  Q : Which newspaper has the motto - Journalism of Courage ?  Ans: The Indian Express Q : Name the brand that advertises itself with the slogan "The vison of sound" ? Ans: Samsung TVs  Q : Which company uses tagline "Drive your way" ?  Ans : Hyundai Q : Rahul Dravid is associated with the advertising campaign of which bank ? Ans : Bank of Baroda 

   Highlights : Jio aims to make India an innovation destination : Mathew Oommen  To become self reliant in key technologies  Reliance Jio Infocomm would drive investment momentum further  R eliance Jio Infocomm said it would drive India's investment momentum further so that the country would become a new destination for innovation . And to become self reliant in key technologies. Billionaire Mukesh Ambani- owned Jio Platforms, a part of the oil to retail conglomerate has recently attracted close to ₹150,000 lakh crore in foreign investments from Facebook , Google , Qualcomm and others. Mumbai-based company has recently claimed to have developed 100% homegrown 5G Technology. 

    Highlights : India ranks 116 in World Bank's latest annual report : Human Capital Index 2020 Last year India ranked 115 among 157 countries. This year's list covers 174 countries  I ndia has been ranked at the 116th position in the latest edition of the World's Bank annual Human Capital Index that benchmarks key components of human capital across the countries. However, India's score increased to 0.49 from 0.44 in 2018 , as per Human Capital Index report released by World Bank on Wednesday. Last year India ranked 115 among 157 countries.This year's list covers 174 countries. About Human Capital Index : The Human Capital Index is a report prepared by the World Bank . The index was first published in October 2018 and ranked 157 counties. The Human Capital Index measure which countries are best in mobilizing the economic and professional potential of of its citizens. The index measures how much capital each country losses through lack of education and health. It...

     Flipkart may list overseas by 2021  Highlights : Flipkart may list overseas by 2021  Walmart had in 2018 acquired a majority stake in Flipkart for $16 billion  Flipkart's subsidiary, PhonePe, is also looking to turn profitable by 2022 and go public by 2023. F lipkart may go public as early as next year at a valuation and of $40-45 billion . Flipkart would look at an overseas listing, either in US where it's parent company Walmart is based or another country. Walmart had in 2018 acquired a majority stake in Flipkart for $16 billion , valuing the Bengaluru-based Company at $21 billion. As per Walmart's timeline, the IPO could be done by 2022 . But the digital transformation in India, with customers increasingly moving online to shop, has been so rapid that it has made Flipkart grow much faster . Flipkart's subsidiary, PhonePe , is also looking to turn profitable by 2022 and go public by 2023.

    Highlights : Max India to buy back shares of up to ₹92 crore under capital reduction programme The company plans to offer to its public shareholders the option of taking ₹85 per share  Max India got relisted on the bourses on August 28 M ax India on Tuesday said it's borad has approved a capital reduction programme under which the company will buy back equity shares worth up to ₹92 crore from public shareholders. The company plans to offer to its public shareholders the option of taking ₹85 per share for upto 20 percent of their shareholding in lieu of cancelling these shares. Max India, which got relisted on the bourses on August 28, has a treasury corpus of of over ₹400 crore primarily from disinvestment proceeds of its erstwhile subsidiary Max Bupa. The approval process is expected to take about 6-8 months .

       Onions  Highlights : India bans export of all varieties of Onion  The ban include Bangalore rose onions and Krishnapuram onions Bangladesh, Malaysia, UAE and Srilanka are the top importers of Indian onions. I ndia on Monday prohibited the export of all varieties of onions, except those cut, sliced or in powder form. The export of all varieties of onion is prohibited with immediate effect . The ban include Bangalore rose onions and Krishnapuram onions. India exported $ 198 millions of onions in the April-June period of FY2021 and $440 million in the entire 2019-20. Bangladesh, Malaysia, UAE and Srilanka are the top importers of Indian onions. India had last year banned the exports of the key kitchen staple in the wake of its rising prices in the country and set the minimum export price (MEP) of onion at $850 a tonne to curb it's shippments and help bring down soaring prices in the domestic market due to floods in parts of major growing states ...

  The Fortune Global 500 , also known as Global 500, is an annual ranking of top 500 corporations worldwide as measured by revenue . The list is compiled and published annually by Fortune Magazine.  #1 : Walmart      Walmart Inc, is an American Multinational Retail Corporation that operates a chain of hypermarkets, discount department stores and grocery stores headquartered in Bentonville, Arkansas.  The company was founded by Sam Walton in 1962 and incorporated in October 31, 1969. It owns and operates Sam's Club retail warehouses.  As of July 31, 2020 Walmart has 11,496 stores and clubs in 27 countries , operating under 56 different names .  The company operates under the name Walmart in the United States and Canada, as  Walmart de México y Centroamérica  in  Mexico  and Central America, as Asda in the United Kingdom, as the Seiyu Group in Japan and as Flipkart Wholesale in India . Walmart is the world's largest Company b...

      Highlights : India has huge potential to tap Middle East markets, investments, says expert The organisers of MITT Summit announced they expect India to become one of the main participants in their upcoming events This signifies India's growing profile in the resource rich region T he organisers of MENA Innovation Technology Transfer Summit ( MITT Summit )  announced on Friday that they expect India to become one of the main participants in their upcoming events. This signifies India's growing profile in the resource rich region. The Sharjah Research Technology and Innovation Park ( SRTI Park) , UAE's premier research and innovation hub, is organising the first edition of MITT Summit on September 22nd. The hybrid summit will connect Sharjah, New Delhi , Paris, Moscow and New York, while major players in the world of Technology will connect for 14 hours of submitting discussion on how best to shape the future of innovation and promote sustainability.

      Google-Apple Corona Virus Tracking tech Highlights : Apple and Google are loading their phones with Corona Virus Tracking tech The Technology relies on Bluetooth wireless signals  Instead of geographic location, the app relies on proximity Q     : What is it ? Ans : Apple and Google have sometime back announced a "exposure notification" solution. It is actually an Application Programme Interference or API that is designed to automatically alert people if they might have been exposed to the Corona Virus. The companies are now trying building more of the necessary  technology directly into phone software. That could make it much easier for people to get it on their phone even if their local public health agency hasn't built its own compatible app. Q.      : How it works ? Ans.   : First of all it is an API so it won't work on its own. The API is just an enabling tool and needs to be embedded in an app, like Aarogya Setu. G...

     ITC Limited Highlights : ITC appoints new CFO Supratim Dutta as per strategy to lower age of top deck  Dutta's appointment is with effect from September 5 Dutta, a chartered and cost accountant, joined ITC in 1990  ITC Limited has appointed Supratim Dutta as it's new Chief Financial Officer ( CFO ) continuing with the conglomerate strategy of appointing relatively younger blood in key senior management positions. Rajiv Tandon , 66, who was erstwhile CFO and also an executive director on the company's board will continue as a director henceforth. Dutta's appointment is with effect from September 5. Dutta, a chartered and cost accountant , joined ITC in 1990 . He has been in ITC for 30 years and has worked in various areas of finance such as planning, treasury, M&A, accounting, taxation, IT, investors relations and Business Strategy. - wealth of experience not age bar.

    Nestle India Highlights : Nestle flags off entrepreneurship kiosk platform to spur out-of-home consumption Kiosk running on a franchisee-operated business model Offer entrepreneurship to generate business and employment for franchise owners N estle India on Wednesday announced the launch of an ' entrepreneurship for youth ' platform to spur out-of-home consumption. The maker of Maggie Noodles and Nescafe coffee said the kiosk business model adheres to stringent food safety and quality monitoring process.  These kiosks operated by franchisees includes Nescafe Corner, Maggie Hotspot, KitKat Break Jone and a+ Milk Booth. Nestle said the kiosks, running on a franchisee- operated model , offer entrepreneurship to generate Business and employment for franchise owners.

     Ravinder Takkar Highlights : Vodafone Idea MD & CEO to get no remuneration for 3-year tenure VIL appointed Ravinder Takkar as its MD & CEO The AGM is scheduled to be held on September 30 V odafone Idea MD & CEO Ravinder Takkar will not get any remuneration during his current tenure of 3 years , according to a proposal by the company. Vodafone Idea Limited (VIL) may bear expenses incurred by Takkar for the business of the company. Relating to travelling, lodging and boarding, entertainment and all other incidental expenses for the business of the company.  Takkar will not be paid any sitting fees for attending the meetings of the Board of Directors of the company or any committees thereof. The AGM is scheduled to be held on September 30 VIL appointed Ravinder Takkar as its MD & CEO following the resignation of Balesh Sharma from the post.

Vi Highlights : Vodafone Idea rebrands itself as 'Vi' in fresh start The company looks to raise up to ₹25,000 crore  To meet government dues, pay interest and invest in operations V odafone Idea Limited on Monday rebranded itself as ' Vi ', creating a unified identity two years after the merger of erstwhile Vodafone India Ltd and Idea Cellular Ltd. The company termed the rebranding as the final step towards integrating the two brands, which have had vastly different appeals among customers segments. The rebranding comes at a time when the company looks to raise up to ₹25,000 crore to meet government dues, pay interest and invest in operations. Vodafone Idea will initially raise hybrid debt through convertible bonds . Convertible bonds will offer an annual return of at least 10% . It will have a tenure of around 10 years .

Vodafone Idea Highlights :  Vodafone Idea is likely to relaunch its brand identity Today The attempt is to attract new set of subscribers The Telco has been steadily loosing its customers to rivals Reliance Jio and Bharti Airtel V odafone Idea is likely to relaunch its brand identity Today, unveiling a completely new identity and communication around it.  The relaunch is to have a combined brand identity and advertising around it as the organisation has till now been advertising the two brands seperately. The unveiling of this new brand is to communicate the superior quality of calls and top notch service around it. The attempt is to attract new set of subscribers on the promise of assured quality under this brand and stem futher user erosion. The Telco has been steadily loosing its customers to rivals Reliance Jio and Bharti Airtel .