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  • Over 7 in 10 large Indian firms adopt ESG goals in response to regulatory shifts

    ESG

    In a significant stride towards sustainability, over 75% of large Indian companies have set clear environmental, social, and governance (ESG) goals, with 84% voluntarily sharing their targets. This data was revealed in a report by research company IMA India and Uniqus Consultech, highlighting the growing importance of ESG strategies in the corporate sector. The report further revealed that about 61.3% of manufacturing companies expect to see measurable outcomes from their ESG initiatives in the medium to long term, with 13.3% anticipating results in the very near term. This indicates a shift in corporate India’s approach towards sustainability, with a majority of companies embedding ESG into their core strategies and taking concrete steps towards sustainability.

    However, the journey towards sustainability is not uniform across all sectors. While large companies have fully integrated ESG strategies into their organisational strategies, small and medium enterprises (SMEs) still have some road to cover. This disparity underscores the need for a more inclusive approach to ESG adoption, ensuring that all businesses, regardless of their size, are part of the sustainability journey. The primary drivers of ESG adoption, as cited by 85% of respondents, are ethical responsibility and corporate citizenship. More than half of the respondents are leveraging or exploring ‘Green Finance’ and technology for their ESG efforts but have not made significant progress yet. This suggests that while the intent to adopt sustainable practices is high, the execution and implementation of these practices remain a challenge for many companies.

    The Securities and Exchange Board of India (SEBI) has introduced new ESG reporting requirements for the top 1,000 listed companies in the country by market capitalisation. This move is expected to increase transparency and accountability among companies, encouraging them to adopt more sustainable practices. However, the rapid pace of regulation has left some companies, even early adopters, struggling to meet the new norms. Companies like L&T and ITC, which were early adopters of ESG practices, are now facing challenges in sourcing information from a diverse and often extensive supply chain. For instance, ITC’s interests range from cigarettes to hotels, and it is grappling with how to source similar information from its agri-business suppliers (millions of small farmers) and customers (the thousands of well-heeled individuals in its hotels business).

    BUSINESS

    The HR departments within organisations are playing a crucial role in promoting ESG initiatives. They are leading efforts in diversity and inclusion, employee well-being, and ethical training. By fostering a culture of sustainability, HR can improve the company’s crisis response capabilities through better stakeholder engagement, enhanced reputation, and by ensuring the workforce is educated on ESG matters. The complexities of ESG compliance, especially for multi-jurisdictional operations, and the need for specialised knowledge are additional hurdles. Companies are investing in skill development and data management systems to ensure accurate reporting, while also seeking clarity on legal implications.

    In conclusion, the adoption of ESG goals by Indian companies is a testament to the growing importance of sustainability in the corporate sector. While challenges remain, the commitment to ethical responsibility, corporate citizenship, and sustainable practices is driving companies to innovate and adapt. As new technologies and regulations continue to shape the ESG landscape, companies that can effectively integrate sustainability into their core strategies will be better positioned to thrive in the long term. The journey towards sustainability is a collective one, and it is encouraging to see Indian companies taking significant strides in this direction.

  • Move Over Pichai and Nadella: Nikesh Arora and Yamini Rangan are highest-paid Indian American CEOs

    BY VEENA RAO

    In a revealing study by C-Suite Comp, a data analytics firm tracking executive compensation, it turns out that the highest-paid CEOs in the United States do not necessarily helm the largest corporations. This annual report shines a spotlight on the staggering earnings of CEOs from smaller tech and financial firms, some of whom are outpacing the compensation of leaders at giants like Apple and Blackstone.

    Indian American CEO Nikesh Arora of Palo Alto Networks stands out, topping the list of Indian American CEOs with a staggering $266.4 million in total compensation. Arora is also the chairman of Palo Alto Networks. He previously held senior executive roles at Google and SoftBank. Arora is known for his strategic leadership in technology and cybersecurity sectors.

    Yamini Rangan, CEO of HubSpot, has made it to the list of the highest-paid female CEOs at number 8. HubSpot is a leading customer relationship management (CRM) platform. With a background in technology and software, Rangan has played a pivotal role in driving growth and innovation at HubSpot, focusing on empowering businesses with effective marketing and sales solutions.

    Prior to becoming CEO, Yamini served as HubSpot’s first-ever chief customer officer, overseeing the marketing, sales, and service teams, according to the HubSpot website. A tech industry veteran, Yamini has more than 24 years of experience across product marketing, sales, and strategy. Yamini previously served as chief customer officer at Dropbox, where she was responsible for embedding customer focus across the organization. Before Dropbox, she was VP of sales strategy and operations at Workday, where she helped quadruple revenue and scaled the sales organization. At SAP, Yamini held several customer-facing leadership roles in strategy, pre-sales, and value-based selling, and helped close landmark deals.

    She holds a bachelor’s degree in electronics engineering, a master’s degree in computer engineering, and an MBA from Berkeley. In 2019, Yamini was recognized as one of the most influential women in business by San Francisco Business Times. Yamini currently serves on the board of Splunk, a cybersecurity company.

    The C-Suite Comp report, published this Monday, ranks CEOs based on “total compensation granted” and “compensation actually paid.” These metrics include salaries, bonuses, perks, stock options, and other financial benefits, with the latter metric providing a clearer picture of how executive pay aligns with company performance.

    The report also highlights the broader trend of rising CEO compensation. TPG CEO Jon Winkelried leads the list with nearly $199 million in total compensation, followed by Harvey Schwartz of the Carlyle Group at $187 million. On the “compensation actually paid” scale, Tesla’s Elon Musk stands out with $1.4 billion, a figure driven by the company’s robust market performance.

    The SEC’s 2022 rule for enhanced pay transparency has brought these figures to light, aiding stakeholders in understanding the correlation between executive pay and company performance. This regulatory change is pivotal for investors, employees, and the broader public in assessing the fairness and effectiveness of executive compensation.

    Indian American executives are part of a diverse leadership landscape where only two women were among the top-paid CEOs: Sue Nabi of Coty and Safra Catz of Oracle.

    The Indian American community’s representation in these rankings shows its growing influence and success in corporate America.

  • #ViralVideo: Indian mother dries clothes on balcony of 5-star resort in Dubai, video goes viral

    Viral video shows Indian mother drying her clothes in 5-star resort's balcony in Dubai
     Video of an Indian mother drying her clothes on the balcony of a 5-star resort in Dubai is now viral. Photo Courtesy:   Pallavi Venkatesh Instagram web page

    The Internet is full of humorous and viral movies and this time it’s the act of an Indian mother which has drawn the eye of social media customers.

    In the video, a presumably Indian mother could possibly be seen drying clothes by preserving them on the balcony of her room in a 5-star resort in Dubai.

    Instagram consumer Pallavi Venkatesh went to Dubai and stayed on the Atlantis, The Palm, together with her household.

    Unknowingly, her mother grew to become the speak of the Internet after Pallavi shared a video the place her mother could possibly be seen drying clothes on the balcony of the seaside resort.

    Pallavi shared the video with the caption that learn: “Moms simply momming at Palm Atlantis.”

    With over 11 million views, the resort additionally responded to it and wrote in the remark part: “Mom duties. We hope you loved your keep! (We embrace a retractable drying twine in each toilet, so as to dry your clothes over the tub).”

  • Indian MSMEs Set to Generate 2 Lakh Jobs by 2025

    MSME

    India’s MSME sector is projected to generate over two lakh new jobs by 2025, according to a report by NLB Services. The sector contributes to over 33% of the GDP and drives 62% of the employment domestically.

    The surge in digitisation and post-pandemic shift in the workforce are expected to drive demand for roles in various sectors. Government initiatives and global trends of digital transformation are expected to fuel the growth of the MSME sector.

    India‘s Micro, Small, and Medium Enterprises (MSME) sector, a significant contributor to the country’s economy, is projected to generate over two lakh new jobs by 2025, according to a report by NLB Services. This sector, which currently employs about 1.2 crore people, is expected to create job opportunities across various sectors, including services, manufacturing, e-commerce, logistics, and supply chain, in both urban and rural areas.

    India, home to 633.9 lakh enterprises, has the fastest-growing cohort of MSMEs, generating mass-scale employment, particularly in tier 2 and 3 regions. Small businesses, which comprise 96 per cent of industrial units, are the second-largest employment generator in the country, said Sachin Alug, CEO, NLB Services.

    The MSME ecosystem contributes to over 33 per cent of the GDP, driving 62 per cent of the employment on the domestic front. However, Alug pointed out that the average contribution of MSMEs in employment generation across other emerging economies stands at 77 per cent, indicating untapped potential that can be explored in India.

    MSME

    The surge in digitisation and the post-pandemic shift in the workforce are expected to drive the demand for roles in construction, manufacturing, transportation, and supply-chain. The majority of these new roles will emerge across states like Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Tamil Nadu, and Telangana.

    The report also highlighted the role of women in the MSME sector. Women-led enterprises constitute 20.44 per cent of micro-businesses, 5.26 per cent of small businesses, and 2.77 per cent of medium businesses. These enterprises have registered better growth in income compared to male-owned MSMEs. Over the next five years, we expect another 20-25 per cent surge in women-led MSMEs, which will further complement job creation, the report added.

    The MSME sector’s growth is not an isolated phenomenon. It is part of a broader trend of economic development and job creation. For instance, in July 2022, India launched three schemes under the banner ‘Strengthening Pharmaceuticals Industry’ (SPI) for strengthening MSMEs in the pharmaceutical sector. The states of Andhra Pradesh, Gujarat, Maharashtra, and Goa emerged as major pharmaceutical manufacturing clusters.

    Moreover, the government’s focus on skilling, deeptech, R&D, innovation, and digital infrastructure, as reflected in the Interim Budget 2024, is expected to fuel the growth of the MSME sector. The Skill India Mission has helped build a highly skilled workforce, and the Rs. 1 lakh crore corpus with interest-free loans for tech-savvy youth is expected to be a game-changer.

    UP among Top 5 in MSME employment generators.

    IANS

    The growth of the MSME sector also aligns with the global trend of digital transformation. The integration of artificial intelligence (AI) applications in various sectors holds extraordinary potential to revolutionize industries. For instance, the use of computer vision systems in grain inspection, which uses advanced imaging techniques and machine learning algorithms, is becoming increasingly popular.

    In conclusion, the Indian MSME sector’s projected job creation by 2025 is a testament to its robust growth and its crucial role in the country’s economy. The sector’s potential remains untapped, and with the right policies and support, it can contribute significantly more to employment generation and economic development. The future of the MSME sector in India looks promising, with the potential to drive the country’s economic growth and employment generation to new heights.

  • Indian Railways: Senior citizens can get discount on rail tickets, here is the plan of the railway

    Senior citizens Train Ticket Price: Senior citizens touring by prepare could quickly get excellent news. The discount on prepare tickets can be restarted. There has been a long-standing demand from senior citizens to reinstate this discount. In such a state of affairs, it is anticipated that the discount can be introduced quickly.

    A big quantity of trains are run by the Indian Railways, which is known as the spine of the nation. Many guidelines have been made by the Railways to make the journey of the folks nice. At the similar time, many varieties of services have additionally been offered. Before the arrival of the Corona virus epidemic, senior citizens used to get a discount in fare whereas touring by prepare. After the lockdown, this discount given to senior citizens has been stopped. Since then, senior citizens have been pleading to restart the fare concession in the railways.

    – Advertisement –

    In such a state of affairs, it is anticipated that Indian Railways can restore this exemption quickly. If the Railway Ministry considers this attraction, then senior citizens can get exemption as soon as once more.

    Also Read: Top 10 international locations with the most extremely rich people

    40 to 50 % discount was out there on hire

    According to media stories, earlier than the coronavirus pandemic, senior citizens used to get a discount in railway fares. In this, 50 % discount was offered to feminine senior citizens and 40 % discount was offered to male senior citizens. After the discontinuation of this discount, at current, senior citizens additionally need to pay the full fare like a typical man. According to the guidelines of the Railways, males above 60 years of age are counted in the class of senior citizens. On the different hand, if we discuss ladies, then ladies above 58 years of age are thought of senior citizens by the Railways.

    There is a risk of getting discount in sleeper class

    It is additionally being stated that the railways can give concessions to senior citizens in sleeper class. The reasoning behind this is that folks from the prosperous class don’t journey on this class. In such a state of affairs, holding the needy in thoughts, this concession can be given in sleeper class. However, no official assertion has been issued by the Indian Railways and the Central Government on this regard to this point.

    – Advertisement –

  • Indian Railways: Senior citizens can get discount on rail tickets, here is the plan of the railway

    Senior citizens Train Ticket Price: Senior citizens touring by prepare might quickly get excellent news. The discount on prepare tickets can be restarted. There has been a long-standing demand from senior citizens to reinstate this discount. In such a scenario, it is anticipated that the discount can be introduced quickly.

    A big quantity of trains are run by the Indian Railways, which is known as the spine of the nation. Many guidelines have been made by the Railways to make the journey of the individuals nice. At the identical time, many varieties of services have additionally been offered. Before the arrival of the Corona virus epidemic, senior citizens used to get a discount in fare whereas touring by prepare. After the lockdown, this discount given to senior citizens has been stopped. Since then, senior citizens have been pleading to restart the fare concession in the railways.

    – Advertisement –

    In such a scenario, it is anticipated that Indian Railways can restore this exemption quickly. If the Railway Ministry considers this attraction, then senior citizens can get exemption as soon as once more.

    Also Read: Top 10 nations with the most extremely rich people

    40 to 50 % discount was obtainable on lease

    According to media stories, earlier than the coronavirus pandemic, senior citizens used to get a discount in railway fares. In this, 50 % discount was offered to feminine senior citizens and 40 % discount was offered to male senior citizens. After the discontinuation of this discount, at current, senior citizens additionally must pay the full fare like a standard man. According to the guidelines of the Railways, males above 60 years of age are counted in the class of senior citizens. On the different hand, if we speak about girls, then girls above 58 years of age are thought-about senior citizens by the Railways.

    There is a chance of getting discount in sleeper class

    It is additionally being stated that the railways can give concessions to senior citizens in sleeper class. The reasoning behind this is that folks from the prosperous class don’t journey on this class. In such a scenario, maintaining the needy in thoughts, this concession can be given in sleeper class. However, no official assertion has been issued by the Indian Railways and the Central Government on this regard up to now.

    – Advertisement –

  • Former Pakistan skipper Inzamam-ul-Haq claims Indian players were involved in ball-tampering during T20 World Cup clash against Australia

    Inzamam ul Haq accused India of ball-tampering
    Pakistan cricketer Inzamam-ul-Haq beneath whose management the nation performed for a number of years. Photo Courtesy: Wikimedia Commons

    Former Pakistan captain and 1992 World Cup hero Inzamam-ul-Haq has triggered an issue by accusing India of ball-tampering.

    He claimed one thing was executed with the ball when India confronted Australia in the Super 8 match of the continuing T20 World Cup.

    India will play England in a semi-final clash when the previous Pakistani champion cricketer is making the claims.

    Inzamam mentioned pacer Arshdeep Singh was in a position to utilise ‘reverse swing’ attributable to ball tampering.

    “You should perceive that Arshdeep Singh managed to do the reverse swing in the fifteenth over. Is it not too early for a brand new ball?” the previous cricketer was quoted as saying during a information channel dialogue.

    He mentioned the umpires ought to hold their eyes open.

    He made the comment whereas collaborating in a cricket particular occasion of Pakistan’s 24 News channel.

    Pakistan exited from the group stage match of the T20 World Cup.

    India defeated Pakistan in their group-stage clash in New York.

    Pakistan suffered a shock defeat by the hands of co-hosts USA.

  • Indian stock market at all-time high, bank stocks lead sharp rally

    Sensex jumps more than 1,000 points on impressive GDP numbers (Ld)

    IANS

    Driven by the monetary sector, the Indian stock market noticed a sharp rally to shut at an all-time excessive on Tuesday, with the Bank Nifty index breaking above the resistance of 52,000 for the primary time.

    The home market skilled a monetary sector-driven rally on Tuesday, primarily led by non-public banks, with the Nifty Bank reaching a brand new excessive and the Sensex surpassing 78,000.

    Sensex closed at 78,053 factors, or 712 factors up, whereas Nifty reached 23,721, or 183 factors up.

    Axis Bank, ICICI Bank, HDFC Bank, Tech Mahindra and L&T have been high gainers on the Sensex.

    According to market watchers, the Bank Nifty is buying and selling in a robust uptrend with greater highs and better lows intact on the every day chart.

    market

    IANS

    “The help now stands at 52,000, and intraday dips needs to be seen as a shopping for alternative for targets of 53,000/53,500,” stated Kunal Shah from LKP Securities.

    According to market consultants, revenue reserving was evident in sectors equivalent to realty, energy, metals and midcaps.

    Amid reasonable consolidations and sector rotations, the market is shifting upwards as a result of expectations from the upcoming price range.

    Additionally, the progress of the monsoon is being watched for insights into the consumption outlook, stated consultants.

    The rupee traded greater by 0.03 at 83.45 towards the greenback, exhibiting slight good points as capital markets remained constructive with help from the banking and monetary sectors and fund flows into these areas.

    (With inputs from IANS)

  • Indian man Dasari Gopikrishna among victims of Texas shooting; came to US just 8 months ago

    Dasari Gopikrishna
    Indian nationwide Dasari Gopikrishna was shot throughout a retailer theft in Texas, US. Photo courtesy: X/@PMuralidharRao

    Dasari Gopikrishna, a 32-year-old Indian who arrived within the United States of America just eight months ago, has been recognized as one of the victims of the convenience store shooting in Texas on June 21.

    Gopikrishna, who was from Bapatla district in Andhra Pradesh, southern India, was shot throughout an armed theft on the comfort retailer adjoining a gas station in Pleasant Grove, Dallas, Texas.

    Critically injured, he was rushed to a close-by hospital, however died on Sunday morning whereas present process remedy. Gopikrishna is survived by his spouse and son.

    Also read: Texas mall shooting: 27-year-old NRI woman among nine victims

    Posting a photograph of the sufferer on the social community X, former Andhra Pradesh scholar chief P Muralidhar Rao, now a BJP member, wrote: “My heartfelt condolences exit to his household. Rest assured, the Government of Andhra Pradesh will present all obligatory help to carry him again residence. We stand firmly with the household throughout this robust time and pray that they discover the power to address their loss.”

    (*8*)Indian Consul General DC Manjunath, who was in Dallas for a Yoga Day occasion on Sunday, confirmed to the Press Trust of India that the incident was unrelated to a taking pictures in Arkansas as beforehand reported by varied sources.

    Expressing condolences to Gopikrishna’s household, Manjunath mentioned, “We are deeply saddened to study concerning the tragic demise of Indian nationwide Gopikrishna Dasari in a theft taking pictures incident at Pleasant Grove, Dallas, TX, and are in contact with native members of the family.”

    The consulate, with help from Indian associations, is offering all potential help to facilitate the repatriation of Gopikrishna’s physique to India following native formalities, together with post-mortem and dying certificates.

  • Nisarg Srishti Welfare Foundation and Palingo Foreign and Indian Languages Institute organised ‘Panel Discussion’ on Kabir Das Jayanti 2024

    Nisarg Srishti Welfare Foundation and Palingo Foreign and Indian Languages Institute organised 'Panel Discussion' on Kabir Das Jayanti 2024In a commendable effort to advertise Indian literature and foster appreciation for the works of a literary large, the Nisarga Srishti Welfare Foundation (NSW Foundation ) and the Palingo Foreign and Indian Language Institute (PFLII) joined forces to host a well-attended panel lecture commemorating Kabir Jayanti. The occasion introduced collectively a distinguished panel of students and literary lovers for a stimulating dialogue that explored the life, works, and lasting affect of the revered Fifteenth-century mystic poet Kabir. The occasion was promoted by Media Partner Neel Writes.

    Setting the Stage for Scholarly Discourse:

    The program commenced with welcome remarks from the gracious host, Dr Garima Kavathekar, Founder & Director of NSW Foundation . Dr. Kavathekar highlighted the muse’s unwavering dedication to selling Indian literature and its varied varieties. Following Dr. Kavathekar’s handle, a revered moderator commenced this system with introductory feedback that set the stage for insightful discussions to comply with.

    Insights from Renowned Scholars:

    Dr. Iqbal Shaikh, Principal of Poona College, delivered the opening handle. Dr. Shaikh’s presentation centered on the centrality of humanity in Kabir’s works. He emphasised the poet’s timeless message of compassion, social concord, and the significance of recognizing the oneness of all beings.

    Dr Mo Shakir Shaikh, Head of the Hindi Department at Poona College, then offered his evaluation of Kabir’s poetry. Dr. Sheikh’s discourse delved into particular examples from Kabir’s couplets, illustrating the poet’s highly effective use of language to convey advanced social and religious themes. Shri Baba Sheikh, a Hindi Professor at Poona College, additionally shared his interpretations, enriching the dialogue along with his distinctive perspective on Kabir’s works.

    A Deep Dive into Kabir’s Literary Legacy:

    Dr. Nirmala Rajput, Professor of Hindi at SNDT College, offered a complete lecture subsequent. Dr. Rajput’s in-depth evaluation explored varied aspects of Kabir’s literary contributions, together with each his written works and the wealthy oral traditions related to the poet. Her presentation supplied the viewers a well-rounded understanding of his enduring affect.

    Creative Tributes:

    The program additionally featured a charming efficiency by humorist poet Mahendra Manik’s insightful and partaking poem that explored Kabir’s life and teachings, highlighting their enduring relevance in in the present day’s world. Renowned poets Shri Nandkumar Mishra Aditya and Ved Smriti Kriti additional enriched the occasion with their recitals of Kabir’s couplets in Maithili Bhojpuri. Their performances, accompanied by insightful commentary, introduced Kabir’s phrases to life for the viewers.

    Resonance and Appreciation:

    The program resonated deeply with the viewers, evidenced by the enthusiastic response from attendees. Guests together with Rajesh ji from Gujarat and journalist Sonu Kumar from Bihar expressed their appreciation for this system’s content material and execution.

    The occasion, which organically prolonged past its deliberate period, served as a strong testomony to the enduring affect of Kabir’s phrases and the significance of preserving and selling India’s wealthy literary heritage.

    Looking Ahead: A Continued Commitment to Cultural Appreciation:

    Dr. Garima Kavathekar concluded this system by expressing her honest gratitude to all of the members, presenters, and visitors. She reiterated NSWF’s unwavering dedication to cultural appreciation. Dr. Kavathekar pledged to arrange comparable occasions sooner or later, celebrating the huge and various panorama of literature throughout all languages. This dedication ensures that future generations can have the chance to have interaction with and recognize the works of literary giants like Kabir, fostering a deeper understanding of India’s wealthy cultural heritage.


    Mansi Praharaj