"The 'China plus one' strategy by the major sourcing nations is under progress and India is emerging as an important sourcing destination," Mallcom India Managing Director Ajay Kumar Mall told PTI in an interview.
"The 'China plus one' strategy by the major sourcing nations is under progress and India is emerging as an important sourcing destination," Mallcom India Managing Director Ajay Kumar Mall told PTI in an interview.
The company's active customer base has increased 36% year on year to 35 million, with more than 1000 branches and 2 lakh channel. The company's lending book grew 11% year on year to Rs. 67,185 crore of which retail, SME and HNI segment now account for 68% of total lending book.
Anticipation is high as the 65-year-old billionaire has used the speech for a series of big announcements. These include the launch of his disruptive telecom service in 2016, Saudi Arabian Oil Co.’s proposed investment in Reliance’s energy business in 2019 and a strategic shift to green energy last year.
Reliance intends to create a complete green energy ecosystem in the country, starting from solar power generation to green hydrogen production. Ambani's green energy enthusiasm was also evident through the latest annual report where he mentioned the words 'clean' and 'green' as many as 23 times in his note to shareholders in the company's annual report for FY22.
"After all these 60-65 years of going through government and public sector, I have no doubt in my mind that the way forward for India is to rely on the private sector," he told the media at an event.
"Our employees had been advocating for years before the pandemic for options that would allow them to reduce commute, care for family and factor in personal needs. However, we faced constraints as a regulated institution. So, once the enabling infrastructure came into place, there was no looking back."
After the pandemic, the workplace dynamics changed irretrievably. Companies the world over did everything possible to woo employees back to the office. Life returned to pre-Covid normalcy with people travelling for leisure, restaurants and bars buzzing again, flights, hotels and resorts becoming jam-packed and traffic snarls as we knew them returning.
The clock-in/clock-out system lost its relevance at artificial intelligence and analytics firm Fractal well before the pandemic set in, says Rohini Singh, its chief people officer.
A rundown of the most important, popular and interesting stories on ET Prime this week.