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Companies have opportunity to rethink their old approaches: Stefanos Zenios, Stanford Graduate School of Business
Uncertain times can spur innovation because they bring new needs, challenges and opportunities to light. The Covid-19 pandemic has disrupted every industry and demographic, but not equally, said Stefanos Zenios.
The pandemic has "peaked out" world over and the recovery is recognisable globally and in India too says Hildegard Wortmann, Member of the Board of Management at AUDI AG. Despite the small size, she says the future growth potential in India is very strong and the new product action will continue with three new offerings in the coming five months to capitalize on festivities.
The chief minister of the state talks about bringing the law and order situation under control, crack down on illegal mining and land mafia, as well as propelling UP into a $1 trillion economy.
As a deputy governor at the Reserve Bank of India, Viral Acharya drove banking sector reforms, brought in systems to fix regulatory leakages and block escape routes used by unscrupulous corporates. Acharya quit months before his term was due to end, fighting for the regulator’s autonomy.
Optional postal ballot voting facility will be provided to those above 80 years, persons with disability. The SVEEP (systematic voter education and electoral participation) strategy is being modified to ensure that ‘no voter is left behind’.
A session can be called at a short notice but these are special circumstances due to Covid: Kalraj Mishra
"It is wrong on the part of the CM to say that I am not calling the session because I am under someone’s pressure. I am not working under anyone’s influence. My only master is the Constitution of India and I am following it," says Rajasthan governor Kalraj Mishra
"Government should consider the promulgation of a National Litigation Policy which provides for a comprehensive, consistent and considered approach to Government litigation. This would help as the Government being the biggest litigant in the Indian court system will have the ability to end the litigations on a rule-based system i.e. without allegations of fear or favour," says Vijayendra Pratap Singh.
"Home isolation was very critical... It was projected that by July 31, Delhi will have 5.5 lakh Covid-19 cases and 80,000 beds would be required...In case Delhi had reported 50,000 active cases, there would have been a severe shortage of beds, revealed Kejriwal in an exclusive interview.
Swiss drugmaker Novartis is turning to tech to deal with the pharma business in times of pandemic, as companies go virtual. Bertrand Bodson, chief digital officer, Novartis, in an interview shares how the company is innovating its business in the time of pandemic.
"RDIF is cooperating with Indian partners to share the most advanced practices to combat coronavirus, we have been in touch through the whole coronavirus period," Kirill Dmitriev said.
Indo-Swiss agriculture platform Pioneering Ventures plans to integrate various parts of the agriculture value chain including harvesting, collection, processing and logistics. Agriculture and dairy focussed companies MilkLane, FarmLink, Desai Fruits and Vegetables, Citrus Processing India and Samaaru are already part of the platform.
The BRICS Chamber of Commerce and Industry (CCI) founded in 2012 promotes business among Brazil, Russia, India, China and South Africa (BRICS countries). In an e-mail interview Sameep Shastri, vice chairman, BRICS CCI discusses the role of the body in a post-Covid 19 world, its priorities and more. Edited excerpts follow
If the economy opens up fully, chances of recovery are very good: A S Rajeev, CEO, Bank of Maharashtra
"The global economy has taken a hard hit due to Covid-19. The IMF in its recently released World Economic Outlook, June 2020 has reported that the global economy is expected to contract by 4.9% in 2020, the impact would be much larger than what we have seen during the global financial crisis of 2008."
At the end of Dec 2019, we had 10 million daily meeting participants. By the end of April, we announced that we had reached 300 million daily meeting participants... But I am not sure that anything about this pandemic is perfectly planned.. We used it as an opportunity to see how we can scale our business, says Aparna Bawa.
Toyota Kirloskar Motor (TKM) managing director Masakazu Yoshimura is cautiously optimistic about sales prospects this year, as enquiries have touched 90% of levels seen before the Covid-19 pandemic at its dealers. As for localization of making components, he tells ET’s KR Balasubramanyam that no country has achieved 100 % localization, not even Toyota’s Japanese plants.
The pandemic and subsequent lockdowns have put our lives and livelihoods on hold. there have been no new launches since the outbreak. The inter-relation between supply chains, migration of labourers, cost overruns, and liquidity constraints have created significant challenges for the sector, says Kishore Jain - President, CREDAI Bengaluru.
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