IL&FS will restart the stake sale process of ITPCL (IL&FS Tamil Nadu Power Co) alongside its ongoing restructuring efforts, with the new IL&FS board seeking to finalise a financial transaction advisor to facilitate the process. At present, ITPCL is restructuring its debt under the prudential framework for resolution of stressed assets guidelines of June 7, 2019 of RBI for which it has obtained a CRISIL RP-4 rating, with sustainable debt amounting to Rs 4,250 crore. The plan involves segregating the debt into sustainable and unsustainable categories to ensure its viability.

At Axis Bank, Pride 365, the pride and allies' group, has grown to 423 employees from 13 employees in 2021. The private sector lender is planning a fresh uptake of transgender employees with a social partner in the next few months. Inclusiveness has been built into aspects such as dress code and sexuality education imbibed in induction sessions.

Consumer Internet group InfoEdge has initiated a forensic audit of its portfolio company 4B Networks founded by Yadav for not disclosing details of financial transactions and related-party activities when asked for by the investor. In a stock exchange filing, InfoEdge said it hired Deloitte to conduct a forensic audit of the property-tech startup.

According to Aon, a professional services firm, until last year almost no company was looking at coaching beyond the leadership level. But in 2023, it is a different scene altogether with one in three coaching assignments also including junior and middle-management levels other than leadership, Aon director Anustup Chattopadhyay told ET. Companies are mostly opting for group coaching sessions instead of one-on-one sessions to drive more coverage.

Delhi Metro Rail Corporation (DMRC) has launched a new service for Airport Express Line commuters, allowing them to buy tickets through a WhatsApp chatbot. The system enables passengers to receive a QR code-based ticket directly on the chatting app.

Adatia joins THB from McKinsey, where he has spent over 15 years helping healthcare enterprises across topics, with a specific focus on growth and digital transformation. As a partner at McKinsey, he has led the digital health and sales and marketing practice for healthcare, pharmaceuticals, and med-tech across Asian markets.

Prior to joining as Director (Human Resources) of HPCL, K. S. Shetty was Executive Director (Human Resources) with additional charge of Executive Director (Employee Relations) in HPCL. Shetty is a gold medallist in Human Resource Management from Andhra University and also a distinguished alumnus of the Swedish Institute, Stockholm from where he completed his Diploma in Sustainable Development in 2012.

New labour codes introduced by the Indian government are expected to simplify labour laws, provide stronger protection and benefits for employees, and offer greater flexibility for companies to manage their workforce. Companies may hire employees on fixed-term contracts, recording wages, working hours and benefits, while employees will be entitled to minimum wages, social security benefits, and grievance redressal mechanisms. However, labor activists have raised concerns about worker exploitation.

The message is clear: To lift growth and create jobs, a manufacturing push is vital. At LEADING FROM THE FRONT The Economic Times Awards for Corporate Excellence, Finance Minister Nirmala Sitharaman was confident that the Indian private sector is ready to step up to the challenge. And senior business leaders seemed to agree. Here's the complete list of the winners: