Business

A native of India, Datar joined the Harvard Business School faculty in 1996 from Stanford University’s Graduate School of Business, where he was a professor. His areas of expertise include cost management and corporate governance. He has also focused on data science, artificial intelligence, innovative problem solving and machine learning. He’s on the boards of companies including Novartis AG and T-Mobile US Inc. … [Read more...] about Harvard names Indian-origin Srikant Datar as new dean of its business school

Datar will be the 11th dean of the prestigious school that is counted amongst the top business schools in the US and the world. He joined the HBS faculty in 1996 after teaching stints at Carnegie Mellon and Stanford, where he had also studied for his two masters in statistics and economics and PhD. He started higher education at the University of Mumbai (it was then called the University of Bombay) and the next stop was the Indian Institute of Management, Ahmedabad. … [Read more...] about Srikant Datar named second Indian-descent dean of Harvard Business School

The pursuit of beauty is said to be the highest of them all. Indian philosophy’s ‘Satyam Shivam Sundaram’ mandates beauty to be one of the three ideological paths to follow. Our proclivity to makeup and grooming goes back to our roots in the Indus Valley bronze figurines and Ayurveda home remedies. The beauty business in India has come a long way. From being a very small part of the toiletries and essential goods segment, cosmetics have snowballed into a huge market phenomenon. The cosmetics business is projected to be a $ 20 billion industry by 2025; it was at $ 6.5 billion in 2017. According to Redseer report, in the next few years, India will be one of the top five global revenue markets for the makeup industry. Never mind the small issue of a global pandemic, beauty in India is an essential commodity. But it’s not all good news here. Like several big businesses, the Indian beauty business is also run by people whose eyes are so transfixed at the … [Read more...] about Beauty is a serious business

As the third CIIE draws near, Minerva Foods, a Brazil-headquartered leading beef producer and exporter, hopes to drum up more business and continue to expand its sales in the fast-growing Chinese market, Celia Sampaio, a director responsible for the multinational's beef exports, said in a recent interview with Xinhua. … [Read more...] about Interview: China’s import expo offers opportunities for business, boosts global economy

E-invoicing uptake has seen immense progress with over 69.5 lakh Invoice Reference Number (IRN)s generated between October 1 and October 7, senior officials said. On the very first day of e-invoicing system, more than 8.40 lakh IRNs were generated by 8,453 users while on October 7, about 13.69 lakh IRNs were generated by 14,100 users. More than 69.5 lakh IRNs were generated by some 71,000 users. “It is a great step forward as e-invoicing has many advantages both for the business and the tax administration. Buyers and sellers will be able to have real time information of the invoices," said finance secretary Ajay Bhushan Pandey after a high level meeting attended by the GST and CBIC officials including Board members and senior officials of NIC and GSTN.The electronic invoicing system for business to business transactions was implemented on a mandatory basis for companies with turnover above Rs 500 crore kicked into effect from October 1. By 1st January 2021, e-invoicing will be … [Read more...] about Business with turnover of over Rs 100 crore to generate e-invoice for B2B deals from Jan