Tag Archives: Firms

Amid coronavirus outbreak, VC firms tell startups to brace for uncertainty

Bengaluru: As Covid-19 continues to spread across the world and in India, creating curbs on travel and large business events, venture capital (VC) firms are advising startups and their portfolio companies to conserve cash and spend less, and brace for a possible uncertain fund-raising environment. “What we are witnessing is possibly a once-in-a-lifetime event, which will, almost certainly, deliver the global economy a ... Read More »

Lending startups now chase logistics firms

Bengaluru: Loans to logistics companies are going digital, with startups in the space looking to leverage data and technology to formalise credit to truckers, fleet owners and truck drivers. Startups such as Loanzen and BlackBuck are lending to driver owners, fleet operators and even first-time borrowers, to finance vehicles and also to fund purchases of spares. “We are looking at ways to fund for ... Read More »

Good news for job seekers: Manufacturing, services firms open to hiring apprentices

A survey by the National Employability Through Apprenticeship Program (NETAP) showed that manufacturing (40 percent) and services (42 percent) sectors are open to hiring apprentices over the next six months. As per  ‘The Apprenticeship Outlook and Index’ report, the July-December 2019 period will witness positive growth in apprentice hiring. The hiring sentiment is expected to grow from 36 percent to 41 percent, up ... Read More »

Social media firms warned they could be blocked over suicide content

Social media firms could be banned if they fail to protect children from suicide and self-harm material, the Health Secretary has warned. Matt Hancock said Parliament had the power to block access to the social networks and that the Government “must act” if tech companies failed to purge their sites of such images and videos. His comments come as a Daily Telegraph investigation ... Read More »

Fake news, rumours on social media hit Indian firms

When FabHotels filed a complaint with the Delhi police and its cyber cell on 28 September alleging three people had spread rumours on social media platforms that the budget hotel chain was cash-strapped and failing to pay suppliers, it highlighted a pattern—of companies being hit by fake news. Fake news and unsubstantiated rumours on social media have caused significant damage ... Read More »

Irish business seeks €1bn in EU aid to protect firms hit by Brexi

Dublin-based trade body seeks to protect Irish exporters after Brexit. Photograph: Marco Cristofori/Getty Images Irish business leaders have called for a €1bn state aid programme to guard against Brexit disruption, in the event that the UK quits the customs union. The Irish Business and Employers Confederation wants the EU to cushion Irish exporters caught up in the chaos this would ... Read More »

‘Bad’ foreign firms drive US job revival

German carmaker BMW invested $8 billion in a 1.2-mn sq ft assembly plant in the US. (Photo: Reuters) Years before Donald Trump began promising to bring back good manufacturing jobs by getting tough with US trade partners, such jobs have already been on the rise, largely thanks to foreign companies now cast as villains in Trump’s narrative. Reuters analysis of federal jobs data shows ... Read More »

Chinese Firms Dominate Indian Smartphone Market in Q4 2016: IDC

Smartphone shipment in the country remained almost flat at 25.8 million units in the October-December 2016 quarter compared to the year-ago period, impacted by demonetisation and seasonal slowdown after festive sales, research firm IDC said. Compared to the July-September 2016 period, shipment in the said quarter declined sharply by 20.3 percent. “In CY Q42016, smartphone shipments clocked 25.8 million units, ... Read More »

Demonetisation To Impact Small Firms, Rural Demand: Tata Steel

  New Delhi: The government’s move to demonetise currency will impact the secondary steel sector as most of the business conducted by these mini mills and rolling factories is cash-based, which in turn would help the large producers, Tata Steel said. Counted among the top 10 steel makers globally, the Mumbai-based firm said that demonetising will also temporarily impact steel ... Read More »

New Spyware Detected Targeting Firms in Russia, China: Symantec

A previously unknown group called “Strider” has been conducting cyber-espionage attacks against selected targets in Russia, China, Sweden, and Belgium, US-based computer security firm Symantec said on Monday. The group, which has been active since at least October 2011 and could have links to a national intelligence agency, has been using an advanced piece of hidden malware identified by Symantec ... Read More »