• Fri, Apr 20, 2018
  • Stop unproductive phone calls, meetings: Elon Musk to staff

    Updated: Apr, 20, 201801:35 AM

    As Tesla aims to boost the production of its Model 3 sedan, company CEO Elon Musk has told his staff to cut short unproductive phone calls and meetings.
    Stop unproductive phone calls, meetings: Elon Musk to staff
    According to a BBC report on Thursday, Musk wrote an email to his staff that also suggested a crackdown on expenditure. Musk advised the staff to “cancel large meetings or if you have to have them, keep them ‘very short’, walk out of a meeting or end a phone call if it is failing to serve a useful purpose, avoid acronyms or nonsense words.” The report quoted Musk as also saying: “We don’t want people to have to memorise a glossary just to function at Tesla. Sidestep the ‘chain of command’ to get the job done. Managers insisting on hierarchies will ‘soon find themselves working elsewhere’ and ignore the rules if following a them is obviously ridiculous.”“I have asked the Tesla finance team to comb through every expense worldwide, no matter how small,” the email continued. “All contracting companies should consider the coming week to be a...
  • Former foreign secy writes to PM Modi for waiver of cooling-off period to join Tatas Former foreign secy writes to PM Modi for waiver of cooling-off period to join Tatas
    Updated: Apr, 20, 201801:31 AM

    Former Foreign Secretary S Jaishankar is slated to join Tata Sons as its head of global strategy and has written to Prime Minister Narendra Modi for a waiver of the mandatory cooling-off period for...

  • Thyssenkrupp: JV with Tata Steel by 2018-end Thyssenkrupp: JV with Tata Steel by 2018-end
    Updated: Apr, 20, 201801:29 AM

    German steel giant Thyssenkrupp expects its proposed joint venture with Tata Steel Europe to be finalised by the end of this calendar year. Both the companies in September last year had announced...

  • Munjals, Burmans submit higher bid of Rs 1,500 crore for Fortis Healthcare Munjals, Burmans submit higher bid of Rs 1,500 crore for Fortis Healthcare
    Updated: Apr, 20, 201801:27 AM

    Sunil Kant Munjal of Hero Enterprise as well as Anand Burman and Mohit Burman of Burman family have approached the Board of Fortis Healthcare with a binding offer to invest Rs 1,500 crore directly in...

  • Chai Point gets USD 20 million in Series C funding Chai Point gets USD 20 million in Series C funding
    Updated: Apr, 20, 201801:27 AM

    Chai Point has raised USD 20 million in its third strategic funding round, led by private equity firm Paragon Partners.

  • Parag Milk Foods acquires Danone’s unit in Sonipat Parag Milk Foods acquires Danone’s unit in Sonipat
    Updated: Apr, 20, 201801:20 AM

    Parag Milk Foods has acquired Danone’s manufacturing facility in Sonipat, Haryana, whichwill help it expand its footprint in the north and northeast India.

  • TVS, MRF in all-India top 1000 brands TVS, MRF in all-India top 1000 brands
    Updated: Apr, 20, 201801:18 AM

    Even as many of the city-based brands made it to the top 1000 list of trusted brands, the number of inclusions have nearly halved from last year, says a research by TRA, part of the Comniscient Group.

  • Merck to sell consumer health biz to Procter and Gamble Merck to sell consumer health biz to Procter and Gamble
    Updated: Apr, 20, 201801:12 AM

    German drug manufacturer Merck on Thursday said it will sell its global consumer health business to Procter and Gamble (P&G) for USD 4.2 billion.

  • Ola co-founder Bhavish Aggarwal, Kohli , Deepika among TIME's 100 most influential people Ola co-founder Bhavish Aggarwal, Kohli , Deepika among TIME's 100 most influential people
    Updated: Apr, 19, 201808:38 PM

    TIME said a record 45 people on this list are under 40 - including the youngest designer ever, 14-year-old actor Millie Bobby Brown - and a common theme in the tributes is how much people can learn...

  • Rupee sags to 13-month low of 65.80 vs US dollar on crude shock Rupee sags to 13-month low of 65.80 vs US dollar on crude shock
    Updated: Apr, 19, 201808:16 PM

    Both the benchmark six-month forward premium payable in August eased to 93-95 paise from 94-96 paise, while the far-forward February 2019 contract edged up to 217-219 paise from 216-218 paise...