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Toyota withdraws lockout notice at Bidadi factory

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BENGALURU: Toyota Kirloskar Motor said it has withdrawn the lockdown, imposed in its Bidadi plant since November. This followed a meeting with Karnataka’s deputy chief minister.
However, the suspension of 66 unionised employees, which led to the problem between the workers and the management, will continue pending enquiry and workers will have to sign an undertaking, while reporting.
“This will be in the interest of both team members and their families as well as the company. Consequent to the lifting of the lockout, operations will enhance with effect from second shift of January 12, 2021, in both the plants,” Toyota said in a statement.

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HUL Q3 net up 18.8% at Rs 1,938cr; sales rise 20%

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NEW DELHI: FMCG major Hindustan Unilever Ltd on Wednesday reported a 20.3 per cent rise in consolidated net profit to Rs 1,938 crore for the third quarter ended December 2020.
The company had posted a net profit of Rs 1,631 crore in the October-December quarter previous fiscal.
Its sales during the quarter increased 20.26 per cent to Rs 11,969 crore, as against Rs 9,953 crore in the corresponding period a year ago, Hindustan Unilever Ltd (HUL) said in a regulatory filing.
HUL’s total expenses too rose 21.65 per cent to Rs 9,548 crore in Q3 FY2020-21 compared to Rs 7,849 in the year-ago period.
“Our consumer-relevant innovations, market development and execution excellence have enabled us to drive broad-based growth across our categories in the December quarter.
“I am particularly pleased with the performance of our Nutrition business and with the recovery in the discretionary segments of our portfolio; these are structurally attractive and offer immense growth potential,” HUL CMD Sanjiv Mehta said.
He further noted that the near-term demand outlook is improving.
“We expect to see a revival in urban while rural should continue to do well. Inflationary pressures are building up in select commodities and we will manage them judiciously. I am confident that we are very well positioned to capture the growth opportunities and accelerate momentum,” he added.
Shares of HUL on Wednesday settled at Rs 2,390.75 on BSE, down 0.87 per cent from the previous close.
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'TCS 3rd most-valued IT services brand globally'

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NEW DELHI: Tata Consultancy Services (TCS) has been ranked third most-valued IT services brand globally, after Accenture and IBM, according to a report by Brand Finance.
Four Indian IT services companies — TCS, Infosys, HCL and Wipro — secured spots in the top-10 global tally.
“Third-ranked TCS is rapidly closing the gap with IBM following a healthy 11 per cent brand value increase to $15 billion,” the report by Brand Finance said.
TCS has celebrated strong revenue growth as demand grows for its core transformation services and through winning deals – worth over $6.8 billion in the fourth quarter of 2020 alone, it added.
“With the brand benefitting from the long cycle of technology spending in its overseas markets, and the increase in spending from the financial sector in the US and European markets as the road to recovery begins, TCS will be hoping the coming year will prove even more fruitful,” the report said.
Accenture retained the title of world”s most valuable and strongest IT services brand with record brand value of $26 billion, while IBM continued at the second place with brand value of $16.1 billion.
The report said “Brand value” refers to the present value of earnings specifically related to brand reputation.
“With what was a very tough 2020, led so ably by its CEO Rajesh Gopinathan, TCS has excelled itself once again. Along with 10 per cent growth in its brand, its market cap also hit pole position in its industry and it is increasingly closing in on the top two in the IT services sector table,” Brand Finance CEO (chief executive officer) David Haigh said.
Rajashree R, chief marketing officer at TCS, said this recognition of TCS brand strength is a stellar reaffirmation of the continued trust that customers have placed in the company.
“We are proud and excited to embark on the next phase of our growth, building on our beliefs, and harnessing the passion, dedication and strength of our 469,000 associates who are the true custodians of Brand TCS,” she added.
The report noted that Infosys has overtaken Cognizant at the fourth spot, following a 19 per cent brand value increase to $8.4 billion. Cognizant has suffered a 6 per cent brand value loss of $8 billion. The Bengaluru-based company has entered the “Big 4 of IT services brands globally and making it the fastest growing brand in the top 10”, it added.
“Even before the pandemic, Infosys leadership recognised the importance of focusing on its service offering, including data security and cloud services. This focus, paired with key acquisitions to bolster the brand’s end-to-end customer experience offerings, has propelled Infosys to a position where it consistently wins larger consulting, data management and cloud service projects,” the report said.
Infosys CEO Salil Parekh said the execution of the company’s ‘Navigate your Next’ strategy over the last three years, has strengthened the brand, positioning Infosys as the industry’s leading digital services provider.
“Continued strategic investments in building differentiating digital capabilities along with increased sales and marketing effectiveness have amplified our ability to grow in client relevance and deepen partnerships with global businesses,” he added.
HCL was at the seventh spot, while Wipro ranked 9th in the tally.
Tech Mahindra saw 11 per cent brand value growth to $2.3 billion that has enabled the brand to jump to the 15th spot in this year’s ranking as it continues to work towards accelerated growth through building on its healthy pipeline deals and embracing new 5G opportunities, the report said.
“Being recognised as one of the fastest growing organisation globally is a true testimony of our collective spirit of resilience…At Tech Mahindra, we took this challenge on war footing to ensure business continuity and enhanced customer experience through innovative and purpose-driven initiatives, while also living up to our promise of delivering “Connected World and Connected Experiences”, Harshvendra Soin, global chief people officer and head of marketing at Tech Mahindra, said.
LTI was named as the sector’s fastest growing with 37 per cent brand value growth to $982 million (ranked 21) by the report.
“For the last five years, LTI has consistently delivered double digit growth year-on-year and shows no signs of slowing down. As a young brand, it is rising quickly within a highly competitive space, and is fast becoming one of the most exciting challenger brands within the sector,” it added.
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Infosys recognised as the fastest growing top 10 IT services brand

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BENGALURU: Infosys announced on Wednesday that it has been recognised as the fastest growing among the top ten IT services brands, by brand valuation firm ‘Brand Finance’, in its Global 500 2021 report.
The brand valuation summarises three years of significant brand growth for Infosys, marked by over 29 per cent increase in its brand value over three years, bringing it to $8.4 billion in the 2021 ranking, and positioning it among the top five brands in IT services globally throughout this period, an Infosys statement said.
“The execution of our ‘Navigate your Next’ strategy over the last three years has strengthened the brand, positioning Infosys as the industry’s leading digital services provider”, saidSalil Parekh, chief executive officer, Infosys.
“Continued strategic investments in building differentiating digital capabilities, along with increased sales and marketing effectiveness, have amplified our ability to grow in client relevance and deepen partnerships with global businesses”, he said.
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