Local mobile brands lose market share, What present mobile business can learn from an era gone by?

In order to enhance India’s domestic manufacturing capacity and build its export capacity, the Internet and Mobile Association of India (IAMAI) has called for an assessment of the impact of the phased manufacturing programme (PMP), which has seen limited success, causing local mobile phone brands to lose their market share.

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JPMorgan invested ₹85 cr. in an Amrapali Group company’s shares & later sold them for ₹ 140 cr. to an office boy?

The court on Tuesday ordered the federal anti-money laundering agency to investigate Amrapali, based in Noida, near New Delhi, for diverting funds overseas with the help of JPMorgan and others. The violations, based on a forensic audit, range from disregarding foreign investment norms, paying dividend without generating profits, setting up fake companies and overvaluing shares.

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Business is Risky: Secured lenders should have exited before insolvency occurred.

The case concerns the country’s most high-profile bankruptcy, Essar Steel India Ltd. Insolvency judges recently ruled that creditors whose claims are backed by collateral won’t get preferential treatment in the $6 billion sale of the company’s plant to ArcelorMittal. Secured creditors will stand in line with unsecured creditors.

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Payment guarantees for power purchase: DISCOM Efficiency

Minister of state for power and new renewable energy has approved the proposal to make it mandatory for distribution licensees to open and maintain adequate letter of credit as payment security mechanism under power purchase agreements. The order, applicable from August 1, will ensure curbing adding further to the outstanding bills of Rs 41,747 crore by distribution companies.

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The Indian Medical Association (IMA) is back at minting money

The Indian Medical Association (IMA) is back at it – endorsing commercial products. Except, this time they aren’t calling it endorsement. The new name is “certifying a claim that is health friendly”. And the IMA is refusing to divulge how much money has been given for this certification citing “non-disclosure agreements” with the companies whose products they have certified.

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Defining the nature of new world order

The neoliberal experiment has been a spectacular failure. Growth is lower than it was in the quarter-century after World War II, and most of it has accrued to the very top of the income scale. After decades of stagnant or even falling incomes for those below them, neoliberalism must be pronounced dead and buried. Vying to succeed it are at least three major political alternatives: far-right nationalism, center-left reform-ism, and the progressive left (with the center-right representing the neoliberal failure).

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“We don’t verify and evaluate it” – MCA secretary Injeti Srinivas 🤣【Yes we know】

File KYC or will consider you inactive, govt tells firms. About 44% of the country’s over 11 lakh active companies have so far complied with the new know-your-company (KYC) norms mandated by the Ministry of Corporate Affairs (MCA). The companies which don’t comply with the KYC norms by June 15 will be presumed to be inactive and tagged as ‘non-complaint’ on the MCA 21 portal.

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Garbage In – Garbage Out ⦒ A statistic is as good as the source and the method 【 NSSO, MCA 】

NSSO report on services sector to be examined by committee. The NSSO report has generated controversy following its observation that as much as 36% units forming part of MCA-21 database, used in computing GDP, were neither identifiable nor traceable in the field.

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Does the US (and its citizens) truly believe in fight against terror and can it act as a global leader?

Recently US Commerce Secretary Wilbur Ross, old reporters that “Oil is owned by private people, so the government cannot force people to make concessionary price,”. The statement raises some questions with respect the actions taken by the US, its stated intentions for the same and the disconnect. Moreover, its inability to execute strategies covertly.

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BUSINESS REORG ⦒ O&M HALYARD HEALTH IN PUNE INDIA

Formerly part of Kimberly-Clark, Halyard Health became an independent company headquartered in Alpharetta, Georgia on November 1, 2014. Now part of the Owens & Minor ( O&M ) family. Halyard Health sells sterilization wrap, facial protection, gloves, protective apparel, surgical drapes and gowns. Owens & Minor is a service provider to the healthcare industry. As far as the history and presence of O&M Halyard Health is concerned with respect to India the previous company Halyard Health has been divided into two the medical device SBU is now under a different parent while the existing business line is now under O&M. The reorganization is being undertaken by Winton Investment Advisers India.

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