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Life of a finance head in the time of COVID-19 in Wallonia

Loknath Das

Akash Ohri moved to the Seraing municipality in Liege province of Belgium as the Financial Controller for the industry sector at industrial machinery manufacturer John Cockerill Group in July 2019. The group, having a turnover of 1.3 billion euros, has five verticals and the industry sector is one of them. For Ohri, this move from India to Belgium was a transfer within the company because of a shuffle of responsibilities. Ohri is a board member of the Indian subsidiary CMI Industry Automation and the Chinese joint venture Cockerill Engineering Beijing…

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What you need to know about your home finance in the time of Covid-19

Loknath Das

With lockdown and its economic fallout causing untold damage to the economy, more and more South Africans are finding themselves on unpaid leave, reduced salary packages or laid-off entirely. This is places many homeowners under severe stress when it comes to keeping up with their mortgage repayments and could well be deterring new buyers from entering the market as well. Under difficult circumstances like these, it’s easy to give in to feelings of hopelessness. However, according to Leonard Kondowe, National Admin Hub Manager for Rawson Finance, there are actually some…

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Stocks in news: Biocon, Tata Consumer, Escorts, Cipla, L&T Tech, M&M Financial, Manappuram Finance and more

Loknath Das

Stocks in the news today: Here is a list of top stocks that are likely to be in focus in Friday’s trading session based on latest developments. Companies set to announce their earnings are Cipla, Crompton Greaves Consumer Electrical, L&T Technology Services, Mahindra & Mahindra Financial Services. Investors will also be taking cues from the latest released March quarter earnings Share Market LIVE: Sensex drops 180 points, Nifty at 9,128; Bharti Infratel, ICICI Bank, Maruti top losers Key highlights on share market; check the latest stock market news -Yesterday, Sensex…

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Technology and ethics in the coronavirus economy

Loknath Das

The last two decades have ushered in significant change and transformation. I believe the 2020s will be dispositive in redefining the pillars of our economy, and COVID-19 magnifies this greatly. As of this writing there are 3,611,394 confirmed cases, and the U.S. accounts for 33% of those. We are now dealing with a 4.8% Q1 GDP contraction and expectations for Q2’s shrinking runs into the 25% range, more than 30 million unemployed and a $7 trillion federal intervention — in a span of six weeks. Eric Schmidt recently predicted that…

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Coronavirus travel updates: which countries have restrictions and FCO warnings in place?

Loknath Das

Workers wearing protective suits at Shanghai Pudong International Airport Photograph: China News Service/China News Service via Getty Images The Foreign Office (FCO) is advising UK nationals against all but essential international travel. Border closures and other travel restrictions are increasing globally. The FCO advice took effect on 17 March, for an initial period of 30 days. This article is being updated daily. It was last updated at 7.45pm (GMT), 20 March In a statement, the FCO said the advice is in response to the increasingly unpredictable situation in terms of restrictions being imposed:…

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8 biggest misconceptions about women in technology

Loknath Das

The biggest problem women face in the tech world is the outdated but stubborn idea that women and technology aren’t a good fit. Girls start hearing this misconception in elementary school and it doesn’t stop when women start working. Kelly Hopping, chief marketing officer of Capterra, said that many people still think women don’t really understand or care about technology. “Many of my female peers are more geeked out on technology than their male counterparts, but the assumption is that women want to be in less technical roles, like HR…

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Work from home is the bug fix for technology companies operating in India

Loknath Das

Bengaluru/Mumbai/New Delhi: On Tuesday morning, Intel India issued an extensive email advisory to its employees in Bengaluru mentioning travel restrictions, selective home quarantine, guidance to attend large gatherings and even handling packages. Intel’s pandemic leadership team and emergency operations centre teams are monitoring the situation closely, the tech firm said in the email, adding that it has begun screening visitors, delivery people and new contingent workers arriving at all its sites. “Security personnel will now ask visitors, delivery people and new contingent workers about recent travel to areas impacted by Intel’s…

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Challenges Faced By Women In Technology

Loknath Das

The future of AI will change everything about life. And the gender bias that’s permeated history has already reared its ugly head. The AI revolution has, until now, been shaped by men and is starting to marginalize half of the world’s most critical stakeholders: women. How can we make huge decisions that have global implications if women — half of the world’s population — are missing from the equation? The results could be catastrophic. To address this challenge of AI, we need a body of diverse leaders in Tech, led…

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Tata Motors, two group finance firms accused of antitrust violations in India: Sources

Loknath Das

India’s competition regulator is examining allegations that Tata Motors and two finance firms of its $100 billion parent group abused their market position while selling commercial vehicles, according to three sources and legal documents seen by Reuters. The Competition Commission of India (CCI) is reviewing a complaint which alleges the country’s biggest seller of trucks dictated terms around the quantity and type of vehicles its former dealer in northern India – Varanasi Auto Sales – should stock. More than a dozen lawyers representing the three Tata companies attended a private hearing at…

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Muthoot Finance shares jump over 7% on strong Q3 results; NIM at 17.1% highest in 12 quarters

Loknath Das

Shares of Muthoot Finance ltd jumped over 7 percent on Monday, buoyed by a strong third quarter performance. The gold finance company’s shares quoted at Rs 792.35 apiece, up 6.3 percent on BSE at 9.36 am. The stock opened at Rs 774, up over 3.5 percent from its Friday’s close of Rs 746.60. The stock surged to a new 52-week high of Rs 801.70 per share. So far this year, the stock has gained nearly 3 percent, while the one year return on the stock is more than 50 percent…

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