Now, one of the largest trials for a four-day work week is under way, across 200 companies in six countries, with early data from a UK pilot suggesting it’s “working wellâ€. The timing couldn’t be more opportune, with the pandemic fuelling intense debates on where, when and how much to work. Joe O’Connor, CEO of 4 Day Week Global , explains why this is the future of work.
A rundown of the five most important, popular and interesting stories on ET Prime this week.
RBI Governor Shaktikanta Das said the impact of inflation globally is weighing heavily on the domestic market. For the September quarter of 2022-23, RBI projected retail inflation at 7.1 per cent.
RFL owes ₹5,344 crore to more than a dozen lenders, led by Bank of Baroda (BoB). It has offered to settle these claims with an immediate payment of ₹2,320 crore, a 57% haircut for secured creditors. Despite being approved by a majority of creditors, the plan was stuck as the SBI external committee, which vets such proposals, was reluctant to give a go-ahead.
Bharti Foundation, the philanthropic arm of Sunil Mittal's Bharti Enterprises, has won an award for being amongst India's Best Workplaces for Women 2022 - large category. It was selected for its equitable people practices that are crafted for its employees, and consistency in workplace experience, especially for women.
Brookfield's affiliate company Chronos Properties has emerged as the successful bidder to acquire the marquee property for over ₹1,080 crore. IL&FS has already received 10% of the total consideration and the deal is expected to be concluded in FY23
Reliance Jio Chairman Akash Ambani and subscription social platform OnlyFans' Indian-origin CEO Amrapali Gan have been named by TIME magazine in the TIME100 Next list that recognises "rising stars from across industries and around the world."
China, the world's second-largest economy will increasingly feel isolated owing to rising nationalism, a shift in supply chains and technology curbs, Bloomberg quoted billionaire Gautam Adani as saying at an event in Singapore on Tuesday. The property market meltdown there has drawn comparisons with what happened to Japan during the “lost decade†of the 1990s, he said.
“As a Group, we will invest over 100 billion dollars of capital in the next decade. We have earmarked 70% of this investment for the Energy Transition space. It is our commitment to invest 70 billion dollars in an integrated Hydrogen-based value chain,†Chairman Gautam Adani said, adding that the company is committed to invest $70 billion in an integrated Hydrogen-based value chain.