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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
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