Author: Indrani Bose

Trust crucial for 71% of Indians while engaging with a brand: Accenture

Majority of the violative ads were from the Home Care sector, where products claimed to be eco-friendly/ environment friendly, without adequate support data

While appreciating the convenience digital technology offers, people are increasingly needing to scrutinize what they see and what they believe as they seek to rebalance technology’s role in their lives.

HDFC Bank’s profit rises by 5 percent to Rs 16,820 cr; employee count increases by 4.5 percent to 2,06,758

As of September 30, 2024, the Bank’s distribution network was at 9,092 branches and 20,993 ATMs across 4,088 cities / towns as against 7,945 branches and 20,596 ATMs across 3,836 cities / towns as of September 30, 2023. 51% of its branches are in semi-urban and rural areas. In addition, HDCFC has 15,217 business correspondents, which are primarily manned by Common Service Centres (CSC). (Image source: CNBCTV18)

The number of employees were at 2,06,758 as of September 30, 2024 (as against 1,97,899 as of September 30, 2023).

Sustainability is not just a compliance for Swiggy, says Rohit Kapoor

Rohit Kapoor, CEO, Swiggy Food Marketplace highlights that for widespread adoption, sustainability needs to be profitable. Just like learning and development, sustainability initiatives are more likely to be prioritized when there is a financial incentive.

At Storyboard18’s Power Of Purpose event, Rohit Kapoor, CEO, Swiggy Food Marketplace, highlighted that the IPO-bound company is in the business of spreading joy, and not in the business of delivering food.

LTIMindtree records 10.3% increase in profit; lands $200m+ deal

Chetana Patnaik, CHRO, LTIMindtree, says, "We’re above 30 percent women representation overall as well as across all business lines, which is above average amongst ITeS companies. We are also on track to achieving our 2030 targets for achieving 40 percent women representation overall and 15 percent women representation at the leadership level."

Our digital infrastructure also integrates DEI needs in all processes, such as making our applications digital and accessible, including ‘others’ and ‘do not wish to disclose’ as a gender identity, supporting ‘Preferred’ or ‘Chosen’ names, says Chetana Patnaik, CHRO, LTIMindtree.

Havells India profits surge 9.5% in Q2, festive shift boosts ad spends

High commodity price volatility impacted contribution margins, especially in the cable segment. Decent growth in switches and domestic switchgear offset the impact of higher base due to large institutional orders last year in the industrial switchgear (IP) segment. The switchgear segment reported revenue of Rs 551 crore, up 4% YoY.

Lloyd reported a steady performance in the non-seasonal quarter, with a contribution margin improvement to 14% from 3.9% last year and 13.2% in the June quarter.

Have banks lost the customer-service plot?

According to report by Accenture, 36 per cent of banking customers who fell victim to cybercrime reported a loss of trust in their bank. Among these customers, 65 per cent expressed willingness to switch to another financial institution. (Image source: Moneycontrol)

Is it a wake-up call for banks as cyber scams and frauds are at an all-time high?