Finance Article

Corporate Restructuring at Samsung Group

Samsung Heavy Industries Co. 010140.SE +0.37%, the world's second-largest shipbuilder by revenue, will absorb Samsung Engineering Co. by issuing 2.36 new shares for every Samsung Engineering share. The deal is valued at 2.5 trillion won ($2.5 billion), the companies said in a regulatory filing.

The companies added that the merger is aimed at boosting Samsung Heavy's expertise in offshore plant construction and raising operational efficiency. The two companies will have combined annual revenue of about 25 trillion won, based on figures for 2013.

The long and short of the merger

Since Lee Kun-hee, the chairman of the Samsung conglomerate's core business unit, Samsung Electronics Co. 005930.SE +1.77% , suffered a heart attack in May, the group has announced a string of financial deals intended to realign various business units. Mr. Lee remains hospitalized but is stable, according to Samsung officials.

Analysts view the realignment deals as part of the preparations for a power transfer at the conglomerate to Mr. Lee's son, Jay Y. Lee. A spokesman for Samsung Heavy said the Samsung Engineering merger isn't relevant to any succession plans.

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News

Branches of Indian banks like Bank of India, State Bank of India may face closure in UK crackdown

At least seven foreign-owned retail bank branches in the UK, including some Indian ones, could be forced to close down in a crackdown on overseas banks in a bid to insulate the British economy from global crises.

A consultation launched in February by Bank of England's Prudential Regulatory Authority (PRA), responsible for supervising individual banks, concluded last week.
The new rules in force require banks from outside the European Economic Area (EEA) to offer only minimal retail services.

While Bank of England declined to name the banks affected, analysts suggested that Bank of India, State Bank of IndiaBSE 0.86 %, Isbank of Turkey and Overseas Chinese Banking Corporation of Singapore are likely to be affected.

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Economics Article

Decoding the Growth Matrix of Chi-ndia

The run up to bagging the position of the biggest economy of Asia has just begun to hotten up. Yes, we are talking of the two of the highest growing emerging economies in the world-China and India. Here we assess the scenarios of economic growth in China and India from the demographic perspective.

The world is in the midst of very rapid demographic change. Not only are developed countries such as Japan and Germany ageing rapidly, but the process appears to be even more rapid in emerging markets. Large developing countries such as China and Russia have fertility rates well below the levels needed to maintain their populations. The impact on future labor supply is much debated - but few economists have focused on the likely impact on global imbalances. 

How demographics come into play?

News

Savour yourself with Mango,Litchi, Kiwi, Guava, Radish as Easymaxx

The organized retails are in no way to loose the chance of catching the mood of the customer. Customers being the health conscious and very choosey are shifting towards the health drink instead of the normal Colas. We have many drinks in this section such as Slice, Maaza, Real juices of Dabur along with different tastes produced by Tropicana, with the industry leader as Frooti from Parle Agro. Now Bharati Retail is venturing into this foray . The company has launched various variants of fruit juices in plastic bottles as against the tradirtion of convenient and environment friendly Tetra Packs. According to Bharath Upillappan the Head Marketing of Bharti Retail said that this juice is 40% less in price than that of others. Easymaxx are available only at Bharti’s Easyday stores.

HR News

Workforce to surge 30-50% at e-commerce, FMCG, retail & BFSI companies ahead of festival season

This festive season that’s just around the corner will see a jobs boom—staffing companies are being flooded with demands for more workers as the economy starts looking up again and consumers feel emboldened enough to loosen their purse strings after being frugal through a prolonged slowdown. 

Amazon, McDonald’s and others are set to hire a large number of people — some of them temporary, some full-time — and the trend is seen extending to smaller towns as well. 

Workforce numbers will likely surge 30-50% at e-commerce, fast-moving consumer goods, retail and BFSI (banking, financial services and insurance) companies as consumer spending is expected to shoot up in the next three months. 

Workforce to surge 30-50% at e-commerce, FMCG, retail & BFSI companies ahead of festival season

Amazon will Pay Attendance Bonus,

News

 HCL to transform 100 villages with scalable models in health &sanitation :Project Samudhay

HCL Technologies is adopting 100 villages as part of an ambitious corporate social responsibility (CSR) initiative by the country's fourth-largest technology services company. The goal is to transform the villages with scalable models, impacting village communities and life in five areas — water, women's welfare, education, health and malnutrition and sanitation.

"We are partnering with 100 villages under Project Samudhay," HCL Group founder and chairman Shiv Nadar told ET in an exclusive interview. "The board has approved it. These projects are not one-way streets but one-way doors: when you enter, you don't plan to come back. That's why these are models, built to scale." HCL Technologies, which hit $5 billion in revenue and $1 billion in profit for the year ended June 30, will adopt villages in three states — Uttar Pradesh, Tamil Nadu and Karnataka — where most of its operations are based.

News

Vijay Mallya: The King of Willful Default!

After all the talk on corporate governance and a value based business model comes another shameful accolade for the liquor baron who was once known in corporate circles as a dashing ambassador of style .

 The Declaration by United Bank of India

State-run United Bank of India on Monday became the first lender to declare debt-ridden Kingfisher Airlines and its promoter Vijay Mallya as willful defaulters. The Grievance Redressal Committee (GRC) of the bank has declared directors Ravi Nedungadi, Anil Kumar Ganguly and Subash Gupte as willful defaulters.Mr. Narang said the decision of GRC would be conveyed to the Finance Ministry, Reserve Bank of India, and Securities and Exchange Board of India for their information and action.The GRC meeting was convened today after a Calcutta High Court division bench allowed the bank to initiate the process of declaring them as willful defaulters last week.

What Does This Declaration Mean for KFA?

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