Business Archives - Page 6 of 23

Why you should rebuild your business as often as possible

March 24, 2019 Loknath DasAs, business, Often, possible, rebuild, Should, Why, You, Your

Over the course of my company’s 15 year trajectory, we’ve never stopped rebuilding it. Rebuilding isn’t an option; it’s the only way forward. It’s how we adapt to market conditions, client requirements, and employee needs. A rebuilding mentality drives forward-thinking practices and ultimately ensures that we stay not just relevant but ahead of the curve. After years of focusing on a rebuilding strategy, I’ve distilled the approach into the following five rules: 1. Don’t give in to routine Businesses are born everyday. Everyday someone with a fresh idea or a…

Tech Mahindra aims for 50% revenue share from digital business

March 20, 2019 Loknath Das50, Aims, business, Digital, for, From, Mahindra, Revenue, Share, Tech

Pune: IT services firm Tech Mahindra said that it was targeting a 50 per cent revenue share from digital business, even as it has trained 70 per cent of its IT workforce in digital skills. The company has partnered with FutureSkills, an initiative by industry body NASSCOM, to drive this reskilling program for employees. Jagdish Mitra, Chief Strategy Officer & Head of Growth, Tech Mahindra, said, “We, at Tech Mahindra believe that successful digital transformation lies in ‘disrupting one’s own business before others do’. As part of our TechMNxt charter, we are investing…

From inspiration to influence: how to harness storytelling for business success

March 19, 2019 Loknath Dasbusiness, for, From, harness, How, influence, inspiration, storytelling, Success, to

The 11 chapters are spread across 270 pages, and make for an informative read. There is also a five-page story index which effectively illustrates the principles of story tagging and taxonomy. Shawn Callahan is a storytelling author, trainer, and coach. Based in Melbourne, he has worked with companies ranging from Danone and Allianz to SAP and Tesco. He is the founder of Anecdote, whose consulting programmes are delivered in eight languages. Shawn holds a bachelor’s degree in geography and archaeology from the Australian National University. “Smart organisations are investing in helping…

Gender Parity: Where Business Meets Social

March 18, 2019 Loknath Dasbusiness, gender, meets, Parity:, Social, where

When the United States and India held the eighth annual Global Entrepreneurship Summit in late 2017 in Hyderabad, it seemed fitting that the theme they chose was ‘Women First, Prosperity for All’. A few months later in Davos, Christine Lagarde, the Managing Director & Chairwoman of the International Monetary Fund, indicated that India could add an additional $800 Billion to its GDP if the representation of women in the workforce reached the same as men. Discussions around gender parity has moved beyond being one espoused by a fringe driving a feminist…

Millennials look to revamp old family businesses

March 11, 2019 Loknath DasBusinesses, Family, look, Millennials, Old, Revamp, to

When Bengaluru-based Chaitanya V. Cotha, the scion of the 150-year-old C. Krishniah Chetty (CKC) Group of Jewellers, joined his family business in 2010, he identified an important market that his family hadn’t given much thought to. “For my father, business to business (B2B) wing of the business was never a focus area,” says the 31-year-old. Owning it up, Cotha got on the road for 20 days a month, meeting potential small jewellers who could sell the CKC products. Within 18 months, the CKC Group started to supply their products to…

RBI eases business guidelines for white label ATMs

March 8, 2019 Loknath DasATMs, business, Eases, for, guidelines, Label, RBI, White

MUMBAI: RBI has eased business guidelines for white label ATMs allowing companies that manage these machines to source cashdirectly from the central bank, offer non bank services like bill payments and advertise even non financial products in their premises, increasing the revenue earning scope for these companies. White label ATM Operators (WLAO), can now source cash directly from RBI offices and currency chests, and will no longer be dependent on sponsor banks for procurement of cash. The RBI has allowed the operators to source cash from any scheduled bank including rural and cooperative banks, it…