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Enso Oils & Lubricants, a leading subsidiary of Enso Group, will specialize in the importation and distribution of Gazpromneft-Lubricants' high-quality oils, lubricants, and technical fluids that cater to a wide array of industries.Vinay Maloo, Chairman, Enso Group said, “Enso is proud to be the strategic partner of Gazpromneft for their products and am sure that the relationship will bring positive gains to both entities."“Gazpromneft-Lubricants has world-class products in both automotive and industrial segments to fulfill the requirements of the Indian customers," said Radhakrishnan Ramarathnam, CEO, Enso Oils & Lubricants.The partnership will supplement the supply of specialized lubricants to India's largest manufacturers of industrial equipment and machinery, as well as other enterprises. For modern passenger vehicles manufactured in India, Gazpromneft-Lubricants will supply premium lines of engine and transmission oils with improved characteristics for reliable engine operation in hot climates.

Edtech major Byju's on Monday said it will clear the full and final settlement dues of laid-off employees soon amid «difficult business restructuring». In a statement, the company said it «regrets and acknowledges the delays in settling dues of former employees».

G20 summit are yet another reminder of the growing and ever-present threat to digital security. In fact, several hackers are likely to have attacked India's digital infrastructure during the summit, claims CloudSEK, a cyber-security company. Between 2020 and 2022, India averaged 1.3 million cybersecurity incidents a year, according to data presented in Parliament based on incidents reported to or tracked by the Indian Computer Emergency Response Team (CERT-In), a government nodal agency.

With the final quarter of 2023 approaching, one winning strategy in emerging markets is becoming clearer: buying shares in smaller companies.

The world’s first fractional bond exchange using the latest in distributed ledger technology now has Citi Securities Services as its first digital custodian participant.

major tech companies to the detriment of consumers and businesses, by emphasising the need for accountability and transparency. Britain's anti-trust regulator, the Competition and Markets Authority (CMA), is, like other authorities around the world, trying to control some of the potential negative consequences of AI without stifling innovation.

Nehal Mota, Co-Founder, Finnovate, says “someone who is still thinking whether he should be joining the job market or be an entrepreneur, needs to be really sure that they can maintain the lifestyle which they are living for the next 18 months at least. Can you actually live for 1,000 days or a three-year period just from the income which the business may or may not generate? If you can, then you should really think of taking this plunge as an entrepreneur and even have a small business plan. ”We are talking about self-employed individuals like freelancers, entrepreneurs, gig workers or even someone trying to enter the workforce. For people who do not have a regular income, what could be the red flags in their entire financial journey according to you?There are a few things which we see as a pattern with financials of self-employed people. First of all, they mix their personal finance a lot with the business finance. The second thing which we have seen is that at times, they do not factor in their own personal expenses or a take-home from their business. They would have planned all the business expenses.

Canada first announced incentives to jumpstart clean technology projects there is still no money flowing, and if they are not in place soon, more than C$50 billion ($37 billion) in investments could be at risk, industry groups said. Prime Minister Justin Trudeau's Liberal government has pledged a bevy of investment tax credits (ITCs) worth some C$27 billion over five years to spur investment in green technologies, partly in response to the generous incentives that have been on offer in the United States for more than a year.

Chandraprakash Padiyar, Senior Fund Manager, Tata MF, says “all parts of home improvement look quite attractive to us. Whereas it is more about company specific within the sector that you choose from for your portfolio. But if you look at the general growth trends for the overall sector, I would say that the next three-five years look quite interesting for the overall home improvement sector. Within our portfolio, we are more towards the plywood space and sanitaryware ceramics.”What are your thoughts on this valuation argument for the broader market versus the larger cap universe? The argument now coming out is that the larger cap universe is much more fairly valued and mid and smallcaps have run way ahead of fundamentals and hence the tilt should be towards the largecaps. Do you subscribe to this argument?On largecap versus mid and smallcaps, I also at this point in time, maybe for the next 12 months or so, belong to the same camp which says that there is reasonable valuation on the largecap side and a part of midcaps and small caps may have run beyond fundamentals for a short period of time.

Naspers chairman Koos Bekker on Monday said that the company has no plans to dispose of its large stake in China's Tencent, held by Nasper's Prosus subsidiary. The 26% stake in Tencent, valued at around $100 billion, forms the bulk of the value of both companies. Naspers and Prosus have been gradually selling shares to repurchase their own shares, which trade at a discount to the value of the Tencent stake.

Orios Venture Partners (VP) on Monday had two of its managing partners, Anup Jain and Rajeev Suri, step down in back-to-back announcements on professionals networking platform LinkedIn. Jain and Suri are set out to launch a fund independently, sources in the know told ET. “Rajeev Suri who was heading investor relations and Anup Jain who was part of the investing team have departed. Rehan Yar Khan, the founding partner, continues to head fund investments along with a nine member team,” a spokesperson from Orios VP said in a statement. The Mumbai-based firm said it will continue to look to make eight to ten investments a year.

India (SBI) has introduced a digital facility for Non-Resident Indians (NRIs) to effortlessly open NRE and NRO accounts (both savings and current accounts) through its mobile app YONO. This service is designed for NTB or 'new to bank' customers, providing them with ease and efficiency in the account opening process, SBI said in a statement on Monday. This initiative fulfils a long-standing demand from NRI customers for a hassle-free way to open and manage their accounts in India, it said. An Non-Residential External (NRE) account is a bank account opened in India in the name of an NRI, to park his foreign earnings; whereas, an Non-Resident Ordinary (NRO) account is opened in India in the name of an NRI, to manage the income earned by him/her in India.

apprenticeship programmes expand, there is a need for effective last-mile delivery mechanisms so that the benefits of these initiatives reach the people who are most in need of the skills and training. This segment recently saw two initiatives: one led by the Ministry of Skill Development and Entrepreneurship (MSDE) and the other by TeamLease. To ensure the apprenticeship training framework reaches rural areas, the MSDE and the Common Service Centres (CSCs) have entered into a partnership. The CSCs will train 40,000 apprentices annually.

Indeed. Production/manufacturing, sales and marketing roles were the other preferred options, said employment specialist firm Indeed in its recently released hiring tracker, which has insights on hiring trends. The data showed that 61% of the surveyed employers engaged in hiring between April and June quarter, which resulted in an 8% increase in white-collar hiring. The survey included data from 1,109 employers and 2,517 jobseekers or employees. The data covered many cities, sectors and big and small organisations. Irrespective of the sector, there was an increase in demand for skills such as critical thinking, problem solving and communication, along with technical skills, in the changing workplace. Given the spate of layoffs recently, Indeed’s data showed that 62% of those surveyed either were laid off or witnessed it among their peers, leading to more job competition and financial insecurity.

festive season is expected to generate a demand of Rs 90,000 crore in the online retail sector, implying a growth of 18-20% compared to the last year, according to a report. In addition, the festive season is likely to see a 15% surge in job opportunities, said the report by FlexiLoans.com. The report states that this surge in online shopping has triggered a 40-50% spike in borrowing among consumers, driven by Buy Now, Pay Later (BNPL) offers.

Generative AI is poised to impact labour markets significantly while enhancing creativity and automating routine tasks for future jobs, a new study paper said on Monday. Releasing the white paper on how AI (artificial intelligence) will affect the jobs of tomorrow, the World Economic Forum said businesses and governments must take proactive steps to prepare for the effects of AI in the workforce, including creating an adaptable workforce and implementing systems that facilitate job transitions.

Banks want telecommunication companies and social media platforms to share the surging cost of scams but warn too much focus on victim compensation will “create a honeypot for organised crime”.

Japan recently announced that it is considering a proposal to take away bank cards from those over 65 to take a stab at reducing financial scams that their older population is currently grappling with. In today’s rapidly-evolving digital landscape, it’s all too easy to underestimate the profound impact of cyber threats on our lives. Many of us operate under the assumption that we are safe and well-informed, immune to the dangers that seem distant and abstract. But it’s when these perils strike close to home that their seriousness truly comes to light. I’m not referring to another wave of a virus, but rather the insidious realm of Cyber Fraud.

bread toaster is heating components that produce regulated heat to brown the bread's surface, giving it the desired crunch and golden colour. To suit a variety of tastes, modern bread toasters come with a number of functions. The intensity of toasting may be changed using the adjustable browning settings, which range from gently golden to deep brown.

Rohan Verma, CEO & MD, MapmyIndia, says “the Mappls app is totally free. We of course have a healthy B2B and B2B2C business to automotive OEMs, corporates, government, tech players, etc. Overall, the company’s in a strong financial position and we are able to offer a free solution that gives to consumers what they want and it complements our paid solutions business.”I have been speaking to some common friends who are big investors in your company. They are of the view that MapMyIndia is at a multi-year cusp of exponential growth. What has changed in the last six months that markets are deriving this kind of confidence?Probably we are a new type of company; we are a deep tech product and platforms digital map-based company and it probably took a little bit of time for both the markets to understand as well as for us to explain what are the different use cases and growth vectors for the company.

Ashwini Vaishnaw on Monday said the government was «fully committed» to Foxconn's plans to expand its manufacturing footprint in the country. «Fully committed to support and facilitate,» Vaishnaw said on X (formerly Twitter) and quoted the Foxconn India representative V Lee's LinkedIn post on Sunday where he had wished Prime Minister Narendra Modi on the occasion of his birthday and said the Taiwanese contract manufacturer was “aiming for another doubling of employment, FDI (foreign direct investment), and business size in India” by this time next year.