Category: Business

  • This is Barclays’ single largest capital infusion in its Indian business in the last three decades

    This post was originally published on The Asian Age | Home.

  • Flipkart has nine supply chain facilities, including fulfilment and sortation hubs in Karnataka spread across nearly 23 lakh sq feet area

    This post was originally published on The Asian Age | Home.

  • India is proving to be a bright spot for jet fuel demand after the delta variant interrupted a recovery in air travel from the US to China

    This post was originally published on The Asian Age | Home.

  • surveillance capitalism
    The digital advertising platforms don’t just want our data. They also want us to spend our lives online, an “addiction” created for the primary purpose of serving advertisers. Manal al-Sharif reports on the pitfalls of “digital dictatorship” in this latest of her Tech4Evil series.

    This post was originally published on Michael West Media.

  • Rupert Murdoch, White Man's Media, News Corp, John Menadue
    Western media – a tool of the political, military and business establishment – have contributed to the killing of millions in Vietnam, Iraq, Afghanistan, Syria and Libya, writes John Menadue. In turn, Australia’s mainstream media is a tool of the “US Imperium”. This is the first in White Man’s Media, a series to be published in Menadue’s Pearls and Irritations.

    This post was originally published on Michael West Media.

  • The plan aims to monetise brownfield infrastructure assets worth Rs 6 lakh crore across sectors

    This post was originally published on The Asian Age | Home.

  • HDFC on Thursday raised $1 billion by issuance of AT-1 bonds, priced at 3.70%, which is 42.5 basis points lower than initial price guidance

    This post was originally published on The Asian Age | Home.

  • The Washington Foreign Law Society (WFLS) will present an online free event on Tuesday August 24, 2021, from 5:30-6:30pm ET, discussing and critiquing the U.S. Supreme Court decision Nestle v Doe, which held that the Alien Tort Statute does not…

    This post was originally published on Human Rights at Home Blog.

  • Use of AI is increasing the power of Big Tech players like Google and Facebook and their control over our lives

    This post was originally published on Michael West Media.

  • In the international market, gold was trading higher at USD 1,793 per ounce and silver was flat at USD 23.88 per ounce

    This post was originally published on The Asian Age | Home.

  • By Fiona Hurd, Auckland University of Technology and Suzette Dyer, University of Waikato

    The revelations last week of toxic workplace behaviour and a “boys’ club” culture at MediaWorks raise questions about organisational policies and processes that go well beyond a single company.

    The MediaWorks review by Maria Dew QC identified instances of bullying, sexism, harassment, inappropriate relationships and use of illegal drugs. Her report’s 32 recommendations will now inform a culture change plan at the company.

    The case provides a warning and an example for other organisations looking to improve their own cultures. But it also underlines how pervasive and resistant to change these problems can be — as our own research has shown.

    We analysed three years of reflections by tertiary human resources (HR) students who had just completed a training session on sexual harassment processes and responses. While all felt they better understood definitions of sexual harassment and bullying after the course, they also felt there was a lack of consequences for the harassers, and that victims often lose everything.

    More concerning, the students almost unanimously said they would be unlikely to raise the matter if they witnessed an act of harassment. Many also felt they would find it difficult to speak up about or improve inadequate HR policies or processes they might find at future employers.

    They felt to do so would be a “black mark” on their own career development. While many “hoped” they would speak out, they were unsure how they would act in reality. Those who had experienced sexual harassment themselves reflected on how “difficult it is to make a complaint”.

    HR is part of the culture
    This last observation is important. Not unlike the findings in the recent Christchurch Girls High School survey, close to half of the HR students reported instances of either experiencing or witnessing an act of sexual harassment in the workplace.

    Most reported they would likely “remain silent and just leave” if faced with instances of harassment in their future professional lives. Simply put, as other research has also shown, we found sexual harassment was experienced as a “normal” and complex part of working within a corporate environment.

    This is not a criticism of HR students, who will no doubt move on to become ethical, high-performing professionals. In fact, their responses mirror those we see across employee groups.

    But our study is unique — most research has focused on managerial or employee experiences of sexual harassment, whereas ours involves practitioners who play a critical role in harassment policy design and implementation, as well as in developing work cultures intolerant of harassment.

    To see such responses in a group that is often blamed for organisational failure by high-profile inquiries suggests we first need to acknowledge that HR people themselves are working within a wider culture that can inhibit meaningful change.

    Why workers don’t speak up
    The responses in our research reflect the expectations of a corporate culture these future leaders are already well versed in — that to speak up means potentially sacrificing your own professional progression, or risking being seen as someone who “can’t take a joke”.

    Many people will understand this dilemma, which is not limited to speaking up about harassment and bullying. Those who speak up against racism and discrimination based on sexual orientation or disability face similar issues.

    If even those charged with developing processes to support positive work cultures are not confident in speaking up, how do organisations do better? This is surely an issue of critical importance to all New Zealand organisations, given recent reports suggesting the problem is widespread and certainly not limited to high-profile cases.

    As the Mediaworks report showed, solutions have to go beyond fixing the support processes for employees who have experienced harassment, and involve confronting the largely invisible drivers of toxic organisational culture.

    These are not easily captured in a traditional “organisational values” statement. The idea of “culture” extends to the language, behaviours and micro-interactions we have with one another every day.

    Our research participants reported their own experiences of needing to “adapt to the crass behaviour” and the difficulty in stepping outside taken-for-granted norms: “You can’t put up a force field.”

    Leaders need to be honest
    Given this, perhaps recommendations around processes and training programmes specific to sexual harassment are not enough. Instead, the key might lie in seeing this behaviour as part of wider cultural behaviours that, on their own, might not immediately raise alarm bells.

    Studies have shown that any form of disrespectful behaviour — such as refusing to help, spreading rumours, subtle undermining, or even leadership behaviour such as “shoulder tapping” for preferential treatment — can lead to a culture that supports toxic power structures and where harassment and bullying become risks.

    Many of these behaviours are seen as a “normal” part of office politics, easy to dismiss or difficult to see. More importantly, they can be hard for leaders to admit to — we all want to lead organisations with strong, positive organisational cultures.

    But having clear, candid and honest discussions with colleagues around the leadership table about the invisible culture will open a dialogue and create the potential for change.

    Importantly, it takes a willingness by leaders to be brave enough to take an honest look in the cultural “mirror” and be open to what is revealed.The Conversation

    Dr Fiona Hurd, head of department, International Business, Strategy and Entrepreneurship, Auckland University of Technology, and Suzette Dyer, senior lecturer in human resource management, University of Waikato. This article is republished from The Conversation under a Creative Commons licence. Read the original article.

    This post was originally published on Asia Pacific Report.

  • Flipkart has sharpened its focus on scaling up this category with sellers, brands and farmers

    This post was originally published on The Asian Age | Home.

  • On year-on-year basis, all categories were in the green with two-wheelers up by 28%, three-wheelers up by 83%, passenger vehicles up by 63%

    This post was originally published on The Asian Age | Home.

  • The case pertains to an investigation by ED into allegations of attracting foreign investment by Flipkart and WS Retail

    This post was originally published on The Asian Age | Home.

  • Silver also zoomed Rs 766 to Rs 66,926 per kilogram from Rs 66,160 per kilogram in the previous trade

    This post was originally published on The Asian Age | Home.

  • PepsiCo bought Tropicana in 1998 and the Naked juice brand, also part of the sale Tuesday, about 10 years later

    This post was originally published on The Asian Age | Home.

  • Tesla Inc Chief Exec Elon Musk said in July that the company was likely to set up a factory in India if successful with imported vehicles

    This post was originally published on The Asian Age | Home.

  • e-Rupi voucher will be delivered in the form of a QR code or SMS string-based e-voucher to the beneficiary’s mobile number

    This post was originally published on The Asian Age | Home.

  • MPC may shrug off inflation build-up

    This post was originally published on The Asian Age | Home.

  • OYO’s survival through the COVID crisis and resurgence shows that it is a company with strong fundamentals and high value potential

    This post was originally published on The Asian Age | Home.

  • The company is eligible to have exclusivity for 12 months before the FDA can approve another biosimilar interchangeable to Lantus

    This post was originally published on The Asian Age | Home.

  • Gold Council has refrained from giving a yearly estimate of gold demand

    This post was originally published on The Asian Age | Home.

  • Union Cabinet on Wednesday approved a Bill to protect bank deposits of up to Rs 5 lakh

    This post was originally published on The Asian Age | Home.

  • Last month, the DCGI had approved the oral medication for emergency usage

    This post was originally published on The Asian Age | Home.

  • There has been a sharp spike in retail slippages, especially from gold loans and the farm segment, as the Covid second wave hit repayments

    This post was originally published on The Asian Age | Home.

  • By Harry Lock, RNZ News reporter

    The tourism and hospitality sectors are disappointed but understanding of the New Zealand decision to suspend the travel bubble.

    Prime Minister Jacinda Ardern announced the decision yesterday afternoon, and said the suspension in quarantine-free travel would go on for at least eight weeks.

    It comes at a particularly bad time for the ski sector, which was looking forward to welcoming Australians over the next couple of weeks.

    Ski-based accommodation provider, Ski Time, at the foot of Mount Hutt ski field, is expecting to lose more than half of its bookings over the next two months due to the travel bubble suspension.

    The manager, Pete Wood, said as a result, they may have to make some redundancies.

    “It is going to be tough, we’ll probably have to make some tough decisions over the next couple of weeks depending on how business travels along.

    “We certainly don’t want to lose any staff – we’ve got a great team here at the moment and they’ve all pitched in to survive the last 18 months together, and it would be a shame to lose a few of them.”

    60 percent Australian
    He said 60 percent of all the business’s August bookings were by Australians and they would now all be cancelled.

    He hoped New Zealanders would be heading to the South Island for a ski holiday this August, to make up for the lack of Australians.

    “We had a pretty chocka-block August coming up, but of course with these cancellations, there’s going to be quite a few gaps here, which makes way for Kiwis to start travelling again, because they can’t go to Australia.”

    Ski Time is not the only business to be losing out: one Queenstown operator said cancellations have been coming in thick and fast since the suspension of the trans-Tasman travel bubble.

    Mark Quickfall owns Totally Tourism, and like many operators in the south, he said they were gearing up for a big winter season with visitors from Australia.

    He said many businesses and employees will be feeling anxious after yesterday’s announcement, especially if more staff have been brought in in anticipation of higher visitor numbers.

    “We’re only one leak from an outbreak. If you have a choice of opening up and ending up with a lockdown, or staying protected, I think we know what the answer is there.

    “But it doesn’t make it any easier.”

    Support ruled out
    The government has ruled out any specific support for tourism businesses hit by the suspension.

    A financial cost to operators is coming though.

    “There’s been a huge number of cancellations just rushing in,” Quickfall said. “Like everyone down here, we had strong bookings out of Australia, for our heli-ski businesses, helicopter operations, down at Milford.

    “That’s all just disappeared overnight.”

    The tourism industry body said it hopes the suspension of the trans-Tasman bubble will not go on any longer than eight weeks.

    Industry pins hopes on September holidays
    Tourism Industry Aotearoa chief executive Chris Roberts said while it is disappointing, it is the right decision to make.

    He said operators would be looking forward to the next Australian school holidays, which begin in mid-September. If the bubble is up and running then, Roberts expects large numbers of visitors will be booking trips again.

    “If the bubble’s up and running again by September, then we can expect good numbers of Australian visitors coming over here for those school holidays in September.

    “That’s something we can look forward to in the end of what is hopefully only an eight-week suspension.”

    Roberts hopes domestic tourists will fill some of the gap in the meantime, and that the financial hit will not be too bad.

    “There are relatively few Australian visitors currently in New Zealand.

    “Those Australians who were planning to come to New Zealand in the next eight weeks which would have included some skiing holidays will now have to cancel those plans and that’s reasonably unfortunate.

    New Zealanders may holiday at home
    “But at the same time, New Zealanders won’t be heading off to Australia, and some of those New Zealanders might choose to holiday at home instead.”

    Meanwhile, the hospitality industry said the government needed to rethink its decision not to offer support to businesses hit by the suspension of the trans-Tasman bubble.

    Hospitality New Zealand chief executive Julie White said while it was the right decision, businesses would suffer.

    She said the hospitality and tourism sectors have borne the brunt of the economic impact of the lockdowns and border restrictions.

    “Hospitality and tourism are the lost leaders when it comes to the cost of balancing the health risk. I think this is the time – we really need to have that robust conversation with the government.”

    This article is republished under a community partnership agreement with RNZ.


    This content originally appeared on Asia Pacific Report and was authored by APR editor.

    This post was originally published on Radio Free.

  • The stock made its debut at Rs 115, and later hit a high of Rs 138

    This post was originally published on The Asian Age | Home.

  • On July 27, 2021, from 12:00-1:00 pm EST, join the ABA International Law Section’s International Human Rights Committee as their roundtable experts evaluate the second revised draft treaty on transnational corporations and business enterprises regarding human rights prepared by the…

    This post was originally published on Human Rights at Home Blog.

  • The RBI has also been exploring the pros and cons of introduction of CBDCs since quite some time

    This post was originally published on The Asian Age | Home.

  • In the international market, gold was trading lower at USD 1,797 per ounce and silver was flat at USD 25.17 per ounce

    This post was originally published on The Asian Age | Home.