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The CEO reading list: October 26, 2019

| Updated on October 28, 2019

Missed all the important economy and policy news this week because you were wrapping up your pending projects before Diwali? Here’s a curated list of Businessline’s most important stories from the past week.

The whistle-blower returns

The Infosys stock was battered by over 15 percent this week, with SEBI beginning a probe after a group of ‘ethical employees’ complained to the company’s Board and the SEC about alleged unethical top management conduct which included artificially boosting profit numbers. SEBI also plans to investigate insider trading in the stock ahead of this disclosure.

Read more on the Infosys issue

Hot talent

TCS plans to move away from campus hiring to using a national entrance test to sniff out hot talent in emerging technologies.

Read : Now, TCS will double pay of company’s ‘Hot Talent’

Upward march continues

Many economic indicators may be sinking, but India continues its upward march in the World Banks Ease of Doing Business rankings. Most of the improvement came from process changes in resolving insolvency, trading across borders and issuing construction permits.

Also read: India moves up 14 places to 63rd position in World Bank’s Doing Business 2020 survey

Still growing

In the slowdown, one business that’s regularly exceeding its targets is food delivery, with Swiggy already smashing its 2020 target.

Also read: Swiggy surpasses 2020 target, delivers over 500 million orders a year

Distribution shift

With trade channels hit by a liquidity crunch, FMCG makers are looking to go direct.

Read more: FMCG players bet on direct distribution in rural areas as wholesale channel faces liquidity crunch

Merc booming

Mercedes Benz appears quite happy with its India operations with sales staying ahead of the 10,000 mark for the fifth year.

Also read: Mercedes-Benz India sales crosses 10,000 units annually for fifth consecutive year

On time

Go Air and IndiGo fared best on on-time performance in September

 

 

 

Compiled by Aarati Krishnan

Published on October 26, 2019

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