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Tuesday
March 2021
3:51 AM IST
News Headlines
CM flays Rahul''s silence over Cong govt falling in party-ruled states        Kerala has become ''fundamentalists'' own country'' under CPI(M) rule, says Sitharaman        COVID-19 crisis far from over; 3rd wave to be more dangerous: CSIR official        Army cancels recruitment exam after paper leaked        Rahul dubs PM Modi a ''formidable enemy,'' vows to defeat him        ISRO launches DRDO''s satellite Sindhu Netra        On National Science Day, Modi asks citizens to practise Lab to Land mantra        UN Human Rights Office says 18 killed in Myanmar crackdown        FDA authorizes Johnson & Johnson vaccine against Covid-19 for emergency use        ISL: Straight shootout for final playoff berth between Goa and Hyderabad        Comments against judges a disturbing new trend: Ravi Shankar Prasad        Syria airstrikes: President Biden protected US personnel, facilities, says White House        DGCA extends suspension of scheduled international passenger flights till February 28        Rahul launches tirade against Modi, talks about ''connect'' with Tamil Nadu        Fishing hartal hits coastal belt in Kerala        Five assembly polls to begin Mar 27, Bengal to have max 8 phases; counting on May 2        Vijayan claims Rahul shying away from attacking BJP        Kerala to test all returning expats using RT-PCR; 3,671 fresh COVID-19 cases, 14 deaths reported        Gelatin sticks, detonators seized from train passenger in Kerala        Hundreds of Nigerian schoolgirls taken in mass abduction        
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Business News
Strong startup ecosystem critically important for business: Nisa Godrej
 
New Delhi: A strong startup ecosystem is critically important as it gives fresh ideas and new ways for doing business, said Godrej Consumer Products Ltd Chairperson Nisa Godrej.
Speaking at the 25th Wharton India Economic Forum, Godrej Consumer Products Ltd (GCPL) Chairperson Nisa Godrej said companies can get ideas from startups and make changes as the business cycles are getting much faster.

"Strong startup ecosystem is critically important for the business. You need people to come and disrupt industries," Godrej said.

Though in the older and larger organisation, it is difficult to disrupt (but) it''s not impossible "as during the pandemic, we have seen large changes are possible", she added.

"You can look at startups as a way to learn. You can also see and take ideas... (though) you may take longer time on some of these ideas," she said.

Citing the Godrej group''s example, Nisa said the group firm Godrej Property has two arms Godrej Fund management which raised Rs 25 crore funds in the middle of the pandemic and Godrej Housing Finance.

These are two new separate companies.

"In consumer products, we have lots of digital-first brand and a lot of online stuff. Our model is simple... We have hired a new team to do that and have not created a separate company," she added.

Women, she said, could be a large professional workforce of this country and there is also need to spread education among them.

"We have now five women on board, which is 40 per cent of the total strength of the board. This is the highest for any listed company in India," she said.

However, Godrej said that when she looks within the company, engagement with women is still lower and attrition is higher though pay and promotion is equal.

"There is lot of learning to do," she said adding that there is a need for a data-driven, goal-oriented approach.


Comments against judges a disturbing new trend: Ravi Shankar Prasad
FM urges industry to unleash animal spirits; make India fastest growing economy
flydubai prepares for Boeing 737 MAX aircraft to rejoin its fleet
Bajaj Finance down 2.43 pc to Rs 5365.45
Bank, financial stocks power Sensex past 52k; Nifty tops 15,300
India's exports up 6.16 pc in Jan
M-cap of seven of top-10 most valuable firms jump over Rs 1.40 lakh cr
Petrol crosses Rs 99/litre in Rajasthan, diesel at Rs 91 as prices rise for 6th day
Petrol nears Rs 95 in Mumbai as rate hiked for fifth day in a row
Hero Electric creates new logistics arrangement for customers in eastern, north-eastern India
TCS to recruit 1,500 tech staff in UK
E-commerce grows by 36 per cent in last quarter in India: Report
Rupee rises 8 paise to 72.89 against US dollar in early trade
Sensex jumps over 200 pts; Nifty nears 15,200
JK Cement shares gain over 5 pc after Q3 earnings
Sensex rallies over 600 pts to hit record high; Nifty tops 15,100
Nabard disburses Rs 16,500 crore under RIDF in first 10 months of FY21
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Gold declines for fourth consecutive trade; tumbles Rs 322
Coal India signs Rs 2,900 cr pact for procurement of dumpers
KERALA NEWS
Kerala has become ''fundamentalists'' own country'' under CPI(M) rule, says Sitharaman
 Tripunithura(Ker): Union Finance Minister Nirmala Sitharaman on Sunday attacked the Kerala''s CPI(M)  
COVID-19 crisis far from over; 3rd wave to be more dangerous: CSIR official
Fishing hartal hits coastal belt in Kerala
Vijayan claims Rahul shying away from attacking BJP
INTERNATIONAL NEWS
UN Human Rights Office says 18 killed in Myanmar crackdown
 Yangon: Security forces in Myanmar opened fire and made mass arrests Sunday as they sought to break
FDA authorizes Johnson & Johnson vaccine against Covid-19 for emergency use
Syria airstrikes: President Biden protected US personnel, facilities, says White House
Hundreds of Nigerian schoolgirls taken in mass abduction
NATIONAL NEWS
Army cancels recruitment exam after paper leaked
 New Delhi: The Army has cancelled an examination for pan-India recruitment of general duty personnel
Rahul dubs PM Modi a ''formidable enemy,'' vows to defeat him
ISRO launches DRDO''s satellite Sindhu Netra
On National Science Day, Modi asks citizens to practise Lab to Land mantra
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