Business Today

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The Moonlighting Debate

Business Today

SWEET UPTURN • AFTER TWO YEARS OF SUBDUED DEMAND DUE TO COVID-19, THE SWEETS AND SNACKS MARKET, WHICH EMPLOYS MORE THAN 10 MILLION PEOPLE, MIGHT SEE ROBUST RESPONSE THIS FESTIVE SEASON. A LOOK AT THE KEY NUMBERS

CHIPPING AWAY • The recent global chip shortage emanating from the Covid-19-inflicted supply chain crisis has compelled India to focus on becoming self-reliant in its manufacturing. The country—a leader in semiconductor design talent—will soon get its first fabrication facility with billionaire Anil Agarwal-led Vedanta Group announcing plans to set up a foundry in Gujarat with an investment of ₹1.54 lakh crore. The Union Cabinet has also approved incentives of up to 50 per cent for setting up of such units in India. Everyone seems charged up. Let’s take a look at the circuitry of the current domestic chip ecosystem

WE ARE OPEN

190

IN E-RETAIL WE TRUST

THWARTING THE INSIDER

EXPO-SING NEW OPPORTUNITIES

In the Slow Lane

WIDENING ABYSS

$120 billion

Innovative Nation

ON THE BURN

TO THE RESCUE

LAUNCHPAD MALFUNCTION

Man of the Hour

THE NEW-AGE SAMARITANS

STILL IN THE WOODS

Picking Up the Gauntlet

EARLY BIRD

Powering Ahead

No Deal • The cancellation of the PayU-BillDesk deal is a loss not just for its investors, but has broader lessons too

5G is Here • Other than ensuring seamless connectivity, 5G can unlock the next level of growth for Indian businesses

Capital Move • Sebi has allowed companies to file IPO documents in a confidential manner while tightening disclosure norms as well

Gulf Calling • India’s Nykaa and the UAE’s Apparel Group come together to explore the Gulf markets

Rising Monthly Inconvenience • Increase of the repo rate by the RBI has hit home loan consumers hard. But there’s a way out

Headwinds for Suzlon • Promoter Tulsi Tanti’s demise throws open some challenges for the wind energy major

DOUBLE TROUBLE • MOONLIGHTING. MOST IT SERVICES COMPANIES CALL IT CHEATING. MOST EMPLOYEES CALL IT THEIR CHOICE TO DO WHAT THEY WANT IN THEIR FREE TIME. THE GOVERNMENT HAS ALSO JUMPED IN WITH ITS OWN VIEW. AN ACCEPTABLE MIDDLE PATH IS YET TO BE FOUND

WHAT IS MOONLIGHTING?

WHY THE IT INDUSTRY?

WHICH OTHER SECTORS?

WHO SAID WHAT

WHAT IT EMPLOYMENT CONTRACTS SAY • All leading IT firms have clauses that disallow secondary employment, although their contracts do not specifically mention ‘moonlighting’

EMPLOYEE VS EMPLOYER

SIDE GIGS APLENTY

FRESH VISTAS • THE SHARE OF FOREIGN BANKS IN INDIAN BANKING IS ON THE DECLINE. TO REMAIN RELEVANT AND CONTINUE GROWING, THEY ARE NOW PLAYING TO THEIR STRENGTHS

STANDARD CHARTERED

HSBC

CITI

BANK OF AMERICA

DEUTSCHE BANK

SHAKY CALL • TRUECALLER’S OVER-DEPENDENCE ON INDIA MIGHT COME BACK TO BITE IT, ESPECIALLY WITH INCREASED SCRUTINY OF ITS DATA GATHERING PRACTICES AMID INDIA’S UPCOMING DATA PROTECTION LAW

CALLING FOR A RETHINK

‘AN INDEPENDENT DIRECTOR IS NOT AN INVESTIGATOR’ • Naina Lal Kidwai, Senior Adviser to Rothschild & Co India who also sits on the board of many companies, talks about being an independent director, handling work pressure, and about women in the BFSI space

7 COLOURS OF THE BLUE UNIVERSE

STAYING AHEAD • WITH A NEW CEO AT THE HELM, THE COUNTRY’S LARGEST AIRLINE IS LEVERAGING ITS ‘ECOSYSTEM’ AND A GO-GLOBAL STRATEGY TO RETAIN ITS LEADERSHIP POSITION, EVEN AS COMPETITION HEATS UP AND IT FACES...