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<ul><li>About 18,968 companies were incorporated in India between April to June last year.</li><li>There are a total of 21,87,026 registered companies in India till June 30, 2021.</li><li>21,349 companies spent ₹21,231 crore on <keyword id="6354502" type="ORGANIZATION" weightage="20" keywordseo="CSR">CSR</keyword> in FY20 for the welfare of workers and local people.</li></ul> India has added 36,191 new companies between April to June this year. This represents an increase of 17,223 new companies, compared to 18,968 companies that were incorporated between April to June last year. It should be noted that in the months of April and May last year, India was going through a nation wide lockdown due to the COVID-19 pandemic. The data was shared by the Minister of State for the <keyword id="6376435" type="UNKNOWN" weightage="20" keywordseo="ministry-of-corporate-affairs">Ministry of Corporate Affairs</keyword>, Rao Inderjit <keyword id="6361419" type="PERSON" weightage="20" keywordseo="singh">Singh</keyword>, in a written reply to a question in Lok Sabha. The minister’s reply was to a query on whether the second wave of the coronavirus pandemic has adversely impacted the economic conditions of the companies in the country. As per the data shared with the ministry, there are a total of 21,87,026 registered companies in India till June 30, 2021. Of these, 13,76,366 companies were active and remaining 8,10,660 were not active due to several reasons like liquidations, mergers, conversion to limited liability partnership (<keyword id="56681" type="ORGANIZATION" weightage="20" keywordseo="LLP">LLP</keyword>) or were striked off. As many as 14,674 companies were closed down in the financial year 2021, between April 2020 to March 2021. Close to 70,972 companies were shuttered in FY20, while 1,43,223 companies were closed in FY19. "There is no verifiable information which says that the closure of the company is due to lack of business acumen," the minister said in another written reply. He was responding to a query on whether want of business acumen is also a reason for closure of companies. Singh, in another response, noted that 80,270 independent directors were appointed by companies in the last three financial years between FY19 to FY21. He also highlighted that the 21,349 companies spent ₹21,231 crore on corporate social responsibility (CSR) in FY20 for the welfare of workers and local people in the country. The Section 135 of the Companies Act of 2013 mandates every company having net worth of ₹500 crore or more, or a turnover of ₹1,000 crore or more have to undertake CSR activities. SEE ALSO <a href="https://www.businessinsider.in/business/corporates/news/adani-group-companies-in-regulators-radar-for-non-compliance-of-rules/articleshow/84553128.cms">Adani Group companies in regulator’s radar for non-compliance of rules</a> <a href="https://www.businessinsider.in/business/news/lenskart-raises-220-million-to-launch-in-middle-east-southeast-asia/articleshow/84552711.cms">Lenskart raises $220 million to launch in Middle East, Southeast Asia</a> <a href="https://www.businessinsider.in/business/ecommerce/news/amazon-prime-day-2021-big-discounts-on-kindle-echo-fire-tv-and-more/articleshow/84561783.cms">Amazon Prime Day 2021: Discounts on Kindle, Echo, Fire TV and more</a>

India added almost double the number of new businesses in the last three months compared to same time last year, while India was mostly under lockdown

Amazon, the leading e-commerce company in India, has decided to run a pilot programme in the hope of a greener environment. It would ask its delivery boys to use cycles to deliver packages in India's biggest cities over distances of 3-5 km. 
 
The programme was started in Mumbai last month and has now been expanded to Bengaluru, Hyderabad, Delhi and Chennai. Under next phases, the programme would be extended to more cities. 
 "Being conscious of the environment we live in, reducing carbon footprint is the need of the hour," Samuel Thomas, transportation director at <keyword id="6354743" type="COMPANY" weightage="100" keywordseo="Amazon-India">Amazon India</keyword> told ET. "We have taken this eco-friendly step by introducing bicycle deliveries, which also helps delivery associates with easier access in congested metro cities." 
 
The delivery team would ride geared bikes to carry packages of up to 7.5 kg per trip. 
 
However, people aware of compensation levels told ET that under this programme, a bicycle messenger could earn only about Rs 7,000 to Rs 8,500 a month, which is very less as compared to what motorcycle messengers earn, which counts up to Rs 14,000 a month. 
 
<a href="http://insidebitcoins.com/wp-content/uploads/2015/06/shutterstock_276929006.jpg">Image source</a>

This e-commerce website delivers orders on cycle in hope of a greener world

The UpSkill <keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword> Summit 2022, hosted by <a href="https://www.linkedin.com/company/great-learning/">Great Learning</a> and <a href="https://www.linkedin.com/company/business-insider-india/">Business Insider India</a>, witnessed leading industry experts and thought leaders sharing insights on the need for upskilling India Inc. The discussions on how to decisively win the battle of building high-quality talent for the tech-transformed world took centre stage at this event. Given the demands of the ever-evolving digital era, UpSkill India Summit 2022 reinforced the commitment of enterprise leaders, CHROs, and L&amp;D Heads from top IT/ITES, BFSI, and retail companies keen on evolving and enhancing their strategies for new-age skills. <h3 style="line-height:1.38;margin-top:16pt;margin-bottom:4pt;">Bridging Talent Supply-Demand Gaps</h3>While the workforce in India is massive to cater to global demands, supply-demand gaps and skills-parity in the workforce act as a challenge to the various industries. In his keynote address, <a href="https://www.linkedin.com/in/sanjeevsinghss/">Sanjeev Singh</a>, Chief Operating Officer, Wipro, suggested that educational institutions, governments, and industries should reimagine the curriculum to better suit the current age. He emphasised the need for a laser focus on emerging opportunities in different sectors and training the workforce accordingly. He further added that as opposed to a traditional degree program, short courses or certifications benefit some people better and provide more value than longer-term degrees. <div type="image" title="Sanjeev Singh, COO at Wipro" msid="93326342" hostid="261"></div> <div type="ExtQuote" text="The only way you create a larger pool of talent is by absorbing people. And the only people available to be absorbed are those who are not part of the pool." auname="Sanjeev Singh, Chief Operating Officer, Wipro at UpSkill India Summit 2022"></div> It is also crucial that companies tap into the unexposed talent pool in rural areas and make the IT sector more inclusive to accommodate those who may face language barriers. In the thought-provoking panel discussions, speakers from prominent organisations examined several ideas, strategies, and opportunities for upskilling. Business Insider India's Ashwin Raghunath moderated the first panel discussion, "Upskilling India for Transformation,” featuring <ul><li><a href="https://www.linkedin.com/in/rituparna-dasgupta-she-her-3b172011/">Rituparna Dasgupta</a>, Talent &amp; Development Leader, Intuit </li><li><a href="https://www.linkedin.com/in/nidhi-pant-5517964/">Nidhi Pant</a>, Senior Associate Director, Capability Development, KPMG India </li><li><a href="https://www.linkedin.com/in/vinutha-rao-a48a5b4/">Vinutha Rao</a>, SVP &amp; Head, Talent Acquisition &amp; Talent Development, Digital Business, HCL Technologies </li><li><a href="https://www.linkedin.com/in/srilatakolachana/">Srilata Kolachana</a>, Director, Learning and Development, APAC SBU, CGI </li><li><a href="https://www.linkedin.com/in/mohanlakhamraju/">Mohan Lakhamraju</a>, CEO, <keyword id="6559242" type="General" weightage="80" keywordseo="great-learning" source="Orion">Great Learning</keyword> </li></ul> The discussion sought to highlight the strategic aspects of upskilling - by examining its current state in India’s enterprises and identifying the bottlenecks that industries faced in rolling out successful upskilling initiatives. One of the key takeaways from this discussion was the need for businesses to adopt agility in their approach and be aware of the changing face of technology and market demands. EdTech companies like Great Learning invest heavily in R&amp;D and innovation for their platforms. Technology augments the teaching process and helps efficiently track critical metrics to deliver the best outcomes. <div type="ExtQuote" text="[Investments are] going into R&amp;D, innovation, and building technology and analytics, building how to measure, monitor, derive insights from the learning process, how to track learner behaviour, and how to augment and engage learners better at scale so that the burden of doing all of this is not one instructor." auname="Mohan Lakhamraju, CEO, Great Learning at UpSkill India Summit 2022"></div> Mohan noted that there was a “behaviour change” in the ecosystem where upskilling is now being used as a retention mechanism in enterprises to retain talent and reduce attrition. He added that we are in a golden period, and while transformation is underway, Covid has accelerated the pace of adoption, investment, and innovation. And even as we adapt to the transformation in this space, two themes that need to be addressed here, according to Nidhi Pant, are context (the rationale behind the upskilling exercise) and secondly, curating the right experience for the learner to bring about the best impact and returns from the process. “The learning experience is something that we really need to catch up on if we are not doing enough,” she added. Speaking of how enterprises can work with educational institutions to build capabilities, <keyword id="14629270" type="General" weightage="50" keywordseo="srilata-kolachana" source="Orion">Srilata Kolachana</keyword> said, “We have CSR initiatives where we work with schools, and it is a great way to build talent. But how about our think tank working with those engineering students for these NGO projects? If we are doing these kinds of linkages, then, without too much investment, we are building capability. Because we are giving mentoring support, and we are giving capability-building effort. We are putting that in place. So I think we have to look at the entire value chain holistically. I don't believe that it is some kind of blame game -- that they are not coping up or we are not there. I believe that we also have to do a lot to build that capability.” One of the crucial areas that Inuit’s <keyword id="6878443" type="General" weightage="50" keywordseo="rituparna-dasgupta" source="Orion">Rituparna Dasgupta</keyword> highlighted was finding the balance between hiring externally versus focusing on retaining talent and training them, which would be a far more cost-effective method. She further explained that Inuit has a strong partnership with academia to help bridge the gap, and that rests on three pillars — connection with the company, the impact of work, and helping them upskill within the organization. HCL’s <keyword id="14629268" type="General" weightage="50" keywordseo="vinutha-rao" source="Orion">Vinutha Rao</keyword> seconded that thought, that while the importance of academia versus vocational courses is widely debated, academia is crucial since it builds the foundation. Still, it is more important to shape the ‘curiosity mindset.’ She added, “If you can give a foundation training which builds a continuous learning attitude and curiosity mindset, I guess we got it right, and that’s what will take us in the next decade.” The other key theme highlighted by the panellists was the importance of ensuring reach and expanding the availability of upskilling initiatives. This was followed by the second panel discussion, "Enterprise Upskilling: Doing it Right," featuring: <ul><li><a href="https://www.linkedin.com/in/thirumala-arohi-mamunooru/">Thirumala Arohi Mamunooru</a>, SVP &amp; Head, Education, Training &amp; Assessment, Infosys </li><li><a href="https://www.linkedin.com/in/anuragseth3009/">Anurag Seth</a>, Former VP &amp; Head, Talent Transformation, Wipro </li><li><a href="https://www.linkedin.com/in/arvind-kumar-09112b3/">Arvind Kumar</a>, AVP &amp; Head, Talent Development Digital Business, HCL Technologies </li><li><a href="https://www.linkedin.com/in/bharaniram-bhaskarbhatta-b814228/">Bharaniram Bhaskarbhatta</a>, Senior Program Manager, ACES &amp; Training, RBS, Amazon</li></ul>This discussion was moderated by<a href="https://www.linkedin.com/in/ritesh-malhotra-5312881b/"> Ritesh Malhotra,</a> Head of Enterprise, Great Learning. Ritesh sought to understand the deployment and implementation challenges that enterprises faced. From boardroom concerns regarding upskilling to ensuring the adoption of strategic upskilling initiatives, the panel shed light on the roll-out issues that learning and development leaders need to address while planning their upskilling routines. Furthermore, he mentioned how Great Learning is working with these challenges by providing a platform that connects enterprises with ready-to-hire talent. He explained, "We’re building two new models, Hire Train, Deploy, and what we can do with universities at an early stage. Superset is essentially India’s largest hiring automation platform. Between GL and Superset, we have millions of learners on the platform. We’ve [added] thousands of colleges, and Superset last year rolled out around lakhs of offers just through the platform. <div type="ExtQuote" text="Whatever you could do going to colleges, visiting them, and making offers…now you can do that remotely. We have the colleges, we have the students, and we have the ability for you to choose them remotely. All sorts of assessments can be run -- you can interview them remotely and make them offers remotely. So the end-to-end lifecycle of us just training has expanded to hiring as well." auname="Ritesh Malhotra, Head, Enterprise, Great Learning"></div> Thirumala Mamunooru spoke about how Infosys has integrated ed-tech into the business’ DNA. His business is now identifying skills and recalibrating them frequently, giving them a clear understanding of skills relevant today and what might be required in the future. Also, by understanding the needs and motivations of the learner, they were able to optimise their upskilling initiatives. Bharaniram Bhaskarbhatta of Amazon highlighted the challenge they faced when looking for the right service provider for upskilling employees, since most of them either provided a trainer to deliver on the needs or provided content but lacked a combination of both, which was a huge deterrent for them. “If I would go to a service provider, then I would want the entire thing to be given to me. Otherwise, if I have to put that entire effort again, it doesn't make sense for me to go to the service provider.” HCL’s Arvind Kumar emphasised that talent development should not be an isolated element but must be in line with the business. Arvind also gave the audience insights on the company’s internal skills-mapping methodology that they use to gauge talent, which helped them chart the individual’s upskilling course. Wipro’s Anurag Seth shared insights on the ‘buy vs build’ dilemma when it comes to talent management. He noted that enterprises that choose to ‘buy’ upskilling packages might not be able to access all the skills that they consider critical, thus drawing upon the need to ‘unbundle’ the skills packages. This would enable the enterprises to deeply customise the programs to best suit their business needs. “Because the way their programs are structured and professors are structured, I know that in discussion with Great Learning, a lot of these things are changing, and they are amenable in some of the programs we've done with you (sic), but I think that has to fundamentally change.” As Enterprise India transforms to adopt the digital paradigm to stay in step with evolving technology, finding skilled manpower to foster and innovate remains a challenge. The UpSkill India Summit 2022 highlighted the challenges in this domain and strategies that enterprise learning &amp; development leaders could adopt to fast-track their upskilling initiatives.

India Inc leaders share insights on how businesses can bridge the gap and upskill to transform the workplace

New Delhi, Mar 17 () Following are the top business stories at 1850 hours: DEL75 BIZ-LD YES BANKAbsolutely no worries on liquidity front, says Yes Bank CEO-designateMumbai: Yes Bank CEO-designate Prashant Kumar on Tuesday said there are absolutely no worries on the liquidity front and that complete operational normalcy would be restored from 6 pm on Wednesday. DEL74 BIZ-LD STOCKSNo respite: Sensex collapses in fag-end selloff, Nifty ends below 9,000Mumbai: Stock indices erased early gains to sink deeper into red on Tuesday as the global equity rout intensified amid the coronavirus-triggered recession fears. DCM25 BIZ-COMPANIES BILLGovt proposes decriminalising offences, direct overseas listing in cos lawNew Delhi: Decriminalising offences, allowing direct overseas listing of companies, relaxing CSR norms and setting up National Company Law Appellate Tribunal (NCLAT) benches are among the proposals in the latest bill to amend the companies law.DCM6 BIZ-MUTUALFUNDS-DEBTHit by pullout from liquid schemes, debt MFs see Rs 28,000 cr outflow in FebNew Delhi: Mutual funds focussed on investing in fixed-income securities saw an outflow of nearly Rs 28,000 crore in February, after registering an infusion of over Rs 1 lakh crore in the preceding month, mainly on account of a massive pullout from liquid funds. DEL82 CORONAVIRUS-AVI-GOAIRCoronavirus: GoAir suspends int'l services, offers leave without pay programme for employeesMumbai: Budget carrier GoAir on Tuesday announced suspending international operations and offering leave without pay programme for its staff on a rotational basis, amid sharp decline in air travel due to the coronavirus pandemic. DCM33 BIZ-ONGCONGC starts pumping gas from KG blockNew Delhi: State-owned Oil and Natural Gas Corp (ONGC) has begun gas production from its most promising block in the Krishna Godavari basin in the Bay of Bengal and is planning a ramp up production in coming weeks, officials said. DEL95 BIZ-RUPEE-CLOSERupee settles marginally down at 74.28 against US dollarMumbai: The rupee pared its initial gains to settle marginally lower at 74.28 (provisional) against the US dollar on Tuesday amid continued meltdown in equity markets and sustained foreign fund outflows. DCM34 CORONAVIRUS-BIZ-AMAZON INDIAOut of stock on some popular items, working with partners to ensure availability: Amazon IndiaNew Delhi: Amazon India has said it is working extensively with seller partners to ensure product availability, and bringing on additional capacity for delivery, after stocks ran out on some popular items, especially in the household staples category. DCM31 CORONAVIRUS-BIZ LD FORDCoronavirus: Ford asks 10,000 employees in India to work from homeNew Delhi: US auto major Ford has asked its 10,000 employees in India, except those in business-critical roles, to work from home with similar steps being taken by Swedish luxury car maker Volvo and Fiat Chrysler India in the wake coronavirus pandemic. DCM12 BIZ-INDIAINC-OVERSEAS INVESTMENTOverseas investment by Indian cos in Feb at USD 2.37 bnMumbai: Overseas investment by domestic firms stood at USD 2.37 billion in February 2020, as per RBI data. SHWSHW

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India added almost double the number of new businesses in the last three months compared to same time last year, while India was mostly under lockdown

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This e-commerce website delivers orders on cycle in hope of a greener world

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India Inc leaders share insights on how businesses can bridge the gap and upskill to transform the workplace

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