Cover Story
- The pay gap between female and male employees not only exists but also increases as they advance in their careers. What can be done to reverse the trend?
IL&FS plans to sell Mumbai corporate headquarters to raise funds to meet debt commitments
Office space is in heavy demand in BKC, which has emerged as the city's financial centre in the past few years, taking over from Nariman Point. So, the sale of the corporate headquarters is expected to fetch Rs 1,300-1,500 crore.
Rewarding Haircut
Reliance Communication is racing against time to conclude the deal with Reliance Jio to sell its wireless business, towers, fibre and media nodes, for about Rs18,000 crore. Thirty-four stressed power sector accounts that defaulted on Rs1.5 lakh crore worth of dues are now before the National Company Law Tribunal - yet again. In December this year, drones will begin flying across Indian skies for surveys, photography, and mapping.INDO-US Ties the Iran Equation
As New Delhi is finalises its agenda for the first 2 + 2 dialogue between India's Foreign Minister and Defence Minister with their American counterparts, officials are looking for a window allowing India to reduce Iranian oil imports to last years numbers. It was among the wisest decisions taken, when the Finance Ministry junked Air India's demand for a Rs 30,000-crore fund infusion, reportedly because the airline didn't present a turnaround plan. India's gas monopoly GAIL, is set to restructure operations and become a pure infrastructure provider. The just released GDP numbers for the first quarter of FY19 - showing 8.2 per cent growth- have come as a relief for the government. SMEs hit hard, india still a cash economy. There is no respite for the rupee as it breaches the 70 mark against the US dollar.Transparent Enforcement Needed
All patients who got a faulty hip implant (eight years ago), sold by a Johnson & Johnson subsidiary must be compensated, said a February 2018 report by an expert committee of the Ministry of Health and Family Welfare. The Non Banking Finance Companies sector with over 11,000 players of all shapes and sizes is showing reduced numbers.Should Expense Ratios Come Down?
Markets regulator Sebi has sought to review the Total Expense Ratio (TER) of mutual fund schemes. MFs charge up to 2.5 per cent TER on active funds. Precision-targeting through authentic voices has led to the rise of micro-influencers, but self-regulation is needed for success.
Note Worthy
This year's Galaxy Note is not about innovation but perfection. Gender parity is lacking in STEM professions and leadership roles, but some women continue, undeterred. Polycystic ovary syndrome, or PCOS, is the most prevalent cause of infertility among women. Tips to filter what your children are exposed to. Wearables, especially watches, are all about fitness. Now, Google wants to throw in a special assistant.
Nurturing The Neglected
Vijayalakshmi Das once hand-held the microfinance institutions. Now, she is doing the same with farmer collectives and churning out women entrepreneurs. Alice Vaidyan has set the foundation for a bigger play for GIC Re in both domestic and global market.Finding Opportunities in Challenges
Apurva Purohit revamped Jagran Group's tepid business, and received recognition. Aruna Sundararajan is setting the agenda for the telecom sector's next phase of growth. Jyotsna Suri is leading the group to a Rs 1,200 crore IPO. The fourth-generation scion has donned many hats to take the business ahead. Priya nair is taking premium products to smaller towns. About 1,00,000 employees in India have been trained in newer digital technologies under Menon's leadership. Shweta Jalan is expanding the footprint of a relatively new global private equity firm in India. The first woman MD of LIC is leaving her mark on the Rs 28 lakh crore assets corporation. Vibha Padalkar is focusing on profitable products, risk management and setting high standards for disclosures. Swayam has stepped up efforts to fight violence against women Noorjehan Safia Niaz is the voice of socially and economically backward muslim women.An Algorithm for Social Change
Prukalpa Sankar is using data power to bring about change in social world. Sabarmatee has changed the face of rural odisha with organic farming. Shayara Bano fought a fierce battle against Triple Talaq and got the Supreme Court to declare it unconstitutional. Aarthi Subramanian is taking the $100 billion Tata Groups digital initiatives to the next phase Ameera Shah turned her father's nondescript clinic into one of the largest pathology chains in India. Aruna Jayanthi is leading the it giants initiatives in Asia-Pacific and Latin America. Ashu Suyash, head of India's largest ratings agency, is making CRISIL future ready. Debarati Sen has been closely involved with 3M's India story. Debjani ghosh is acting as a catalyst for indian ITs tranformation. Falguni Nayar has redefined the online beauty space. She energises and motivates her team to ride through turbulent times to come out a winner. Indu Malhotra is the first woman lawyer to be elevated directly to the position of Supreme Court judge. Nadia Chauhan has ensured that her beverage brands are available in every nook and corner of India. Neeru Chadha is the first Indian woman to be elected judge on the International Tribunal for the Law of the Sea. Her new-age brands and people policies are transforming the company. Pallavi Shroff has taken on some of the biggest names globally in the battle for IPR. Prathiba singh has contributed to some of the most important IPR laws and given landmark judgments. Under chauhan's leadership, the government's e-marketplace business has grown manifold Her early digitisation efforts and a customer-first policy have given the organisation a cutting edge. Shobana Kamineni has been the key force behind growth in the pharmacy and insurance business for Apollo. Vanaja Sarna successfully oversaw the biggest tax overhaul in the country. Vani Kola has made a mark in the male-dominated world of venture capital with several successful exits. Zarin Daruwala is well on the path of de-risking the business model of one of the largest foreign banks in India. Why so few women are taking the entrepreneurial route. Women are not just rising up the corporate ladder; they are making a huge impact at the grassroots too. Aditi Gupta has used comic books to make thousands of girls aware about menstrual health. Enabling an eco-revival to keep Gurgaon vibrant. Making women self-reliant through microinitiatives. Praseeda Kunam's Samhita Community helps poor women live a dignified life and offers them opportunity to work. Dr. Rani Bang's community care model has been replicated in 17 emerging countries. Ratnaboli Ray's Anjali helps mental hospital inmates understand their worth and live a dignified life. Pratham's ASER has helped identify learning gaps among primary schoolchildren. Suhani Mohan is taking sanitary pads to women at large and making them aware of menstrual hygiene. Sumita Ghose's artisan collective RangSutra, which started out from Rajasthan, is now a supplier to Ikea. Surga Thilakan quit her Goldman Sachs job to work on upskilling people for entry-level jobs with the help of technology.
Leaderspeak
"Move laterally early in your career..getting a breadth of experience will get you more opportunities."
"Trade wars to have less direct impact on India"
Ira Kalish, Chief Global Economist, Deloitte, Touche Tohmatsu, talks to Prosenjit Datta, Rajeev Dubey and Joe C. Mathew on how India can do well in spite of trade wars, oil, the state of the global economy and the future of global trade.
