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Tuesday,07-February-2023
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T.V. Narendran takes over as CII President for 2021-22

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T.V. Narendran, the CEO & MD of Tata Steel, has assumed office as the President of CII for 2021-22.

He takes over from Uday Kotak, Managing Director & CEO of Kotak Mahindra Bank.

Narendran has been engaged with CII for many years at the state, regional and national level. He was the Chairman of CII Eastern Region during 2016-17 and has led CII National Committees on Leadership and Human Resources besides being Chairman of CII Jharkhand.

He was also the President Designate of CII for 2020-21. Narendran is an alumnus of IIM Calcutta and NIT Trichy.

Sanjiv Bajaj, Chairman and Managing Director of Bajaj Finserv Limited, is now the President Designate of CII for 2021-22. He has been engaged with CII for many years at the Regional and National level.

Bajaj was the Chairman of CII Western Region during 2019-20 and has led CII National Committees on Insurance & Pensions and CII Taskforce on Fintech.

The Chairman and CEO of Hero MotoCorp Ltd, Pawan Munjal, has taken over as the Vice President for 2021-22. He has been closely associated with CII for almost 30 years.

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Reliance Jio, GSMA roll out initiative to train rural women in digital skills

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Reliance Jio and global mobile network operators’ organisation GSMA on Tuesday announced the roll-out of their digital skills programme to train rural women in India.

The programme aims to provide need-based training to rural women and individuals from marginalised/low-income groups to help them make meaningful use of digital access.

The national roll-out phase is now underway, with the programme being rolled out across 10 states.

“We are proud to partner with GSMA in this programme to take digital skills training to the women across India and be the wind beneath their wings,” said Isha Ambani, Director, Reliance Jio.

As per the GSMA’s ‘Mobile Gender Gap Report 2022’, women in India are 41 per cent less likely than men to use mobile internet.

A total of 330 million women in India still do not use mobile internet, compared to 248 million men. Lack of literacy and digital skills is one of the top reported barriers to mobile internet use.

As a part of the programme, the GSMA and Jio teams worked together to assess prevalent digital skill gaps and develop need-based digital skills training toolkits that are India-specific.

Over 1,000 rural women and men from Uttar Pradesh and Tamil Nadu participated and provided inputs for the refinement of the digital training toolkits during the trial phase.

Reliance Foundation will be supporting the roll-out through its large network and self-help groups, particularly in rural areas.

“More needs to be done to ensure women are not being left behind in an increasingly connected world. We are excited to partner with Jio and Reliance Foundation to take the Digital Skills Programme national and help accelerate digital inclusion for women,” said Mats Granryd, Director General, GSMA.

The GSMA is a global organisation unifying the mobile ecosystem to discover, develop and deliver innovation foundational to positive business environments and societal change.

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Centre asks Vodafone Idea to convert Rs 16,000 dues into equity

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Financially-stressed telecom company Vodafone Idea said on Friday that the government has directed it to convert a portion of its dues worth Rs 16,000 crore it owes to the exchequer into equity in the government’s favour.

“It is hereby informed that the Ministry of Communications has [directed] the company to convert the NPV of the interest related to deferment of spectrum auction instalments and AGR dues into equity shares to be issued to the government of India,” the company said in a filing.

The government will take 33 per cent equity in Vodafone Idea after converting all interest related to payments for spectrum and other dues into equity.

This will make the government the largest shareholder in the telecom company.

Vodafone Idea will convert dues of Rs 16,133 crore into equity and issue shares for Rs 10 each, the company informed.

“We had sought a firm commitment that the Aditya Birla Group would run the company and bring necessary investments. The Birlas have agreed and hence we have agreed to convert. We want India to be a three-player market plus BSNL and ensure healthy competition for consumers,” Telecom Minister Ashwini Vaishnaw said in a statement.

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I-T dept raids over 30 locations of five builder groups across Jaipur

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The Income Tax department on Thursday raided over 30 locations of five builder groups across Jaipur. The teams also conducted search operations at two locations of a builder group in Gurugram.

Officials said that the I-T department had received a tip-off that these builders were engaged in making cash deals while selling flats in multi-storey buildings, plots and commercial properties in Jaipur.

After verification, 40 teams of the investigating branch of the I-T department raided their locations on Thursday morning. Raids have been conducted at the premises of Manglam Group, Sanjivani, R-Tech, Jugal Derewala and Haridutt, including their offices, corporate offices and residential premises.

The I-T teams have raided places in Jaipur including Tonk Road, Mansarovar, Rajapark, Jagatpura, C-Scheme, Civil Lines, Ajmer Road, Delhi Road, Agra Road and Sanganer.

Sources said that the department had received complaints of undisclosed income running into crores of rupees. All the five builders were using cash to buy and sell land. So the I-T teams raided around 38 targets simultaneously. According to the information received so far, huge amount of cash, and documents of land purchase and sale have been found from their premises.

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