Workers install the electric motor inside a Tata Nexon electric sport utility vehicle (SUV) at the Tata Motors plant in Pune, India, April 7, 2022. REUTERS/Francis Mascarenhas BENGALURU, Feb 23 (Reuters) – Indian carmaker Tata Motors (TAMO.NS) has begun talks with sovereign wealth funds and private equity investors to raise up to $1 billion via a stake sale in its electric vehicle (EV) business, Economic Times reported on Thursday, citing sources. The company plans to sell a significant minority stake , the newspaper report added, eyeing a valuation of about $10.5 billion. The funds and investors include the UAE-based Abu Dhabi Investment Authority (ADIA) and Mubadala Investment Company, the Saudi Arabia-headquartered Public Investment Fund, Singapore’s Temasek Holdings, and KKR and General Atlantic. Tata Motors and some of the companies did not immediately respond to Reuters’ request for comment. KKR declined to comment while Temasek said it does not comment on "market speculation and rumours". Tata Motors plans to use the bulk of the proceeds to retire a part of its outstanding debt and infuse a small portion as primary equity in the EV business, the report said. Earlier this week, Uber Technologies (UBER.N) said it plans to introduce 25,000 […]

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What is BPM? It can make the difference between success and failure in business. Read on to find everything you need to know. There are best practices, standard operating procedures and several types of processes in the business world. Processes help maintain order and provide guidelines for a smooth workflow. They are what makes businesses tick. One of the essential tools a business can utilize is business process management (BPM). Keep reading to find out everything you need about what it is, different types, benefits and use cases. What’s the definition of BPM? Business process management is a broad-scope end-to-end process that includes methods that promote discovery, modeling, analysis, improvements and optimization of business processes. While it might sound similar to task or project management, BPM offers a more extensive scope. Task management zeroes in on individual tasks and project management is a one-time work process; business process management is an end-to-end repeatable process. A successful BPM can streamline workflow, increase efficiency and reduce costs. The best business process management systems: Incorporate advanced analytics. Monitor all business activity. Utilize decision-making management. Coordinate employees. Synthesize systems. Maximize pertinent information to accelerate digital transformation. What are the types of BPM? Three […]

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How to merge the technology potential and business opportunities of responsible AI. Artificial intelligence, and ChatGPT in particular, has exploded worldwide. And so has the potential for misuse or abuse of AI, which presents a risk that must be taken seriously. However, AI also presents a range of potential benefits for society and individuals alike. Brad Fisher, CEO of Lumenova AI, explains how and why the application of responsible AI is both a technology debate and a business conundrum. AI is a hot topic, thanks to ChatGPT . People and organizations have begun to consider its myriad use cases enthusiastically, but there is also an undercurrent of concern for the possible risks and limitations. With this rush toward implementation, Responsible AI (RAI) has come to the forefront, and companies are questioning whether it is a technology or a business matter. I think it’s both. According to an MIT Sloan white paper published in September 2022, the world is at a time when AI failures are beginning to multiply, and the first AI-related regulations are coming online. The report states that while both developments lend urgency to the efforts to implement responsible AI programs, we have seen that companies leading […]

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Binghamton Plaza business owners spoke out against the city’s plan to take over the property during a public hearing inside city council chambers Tuesday. The public hearing was the next step in the city’s plan to acquire the property at 33 W. State St. in Binghamton from its current owners, Binghamton Plaza, Inc. of Wayne, New Jersey, through eminent domain, which allows the government to take ownership of private property and developed it. Andrea Thomas, who has owned Kurious Kids Childcare within the Binghamton Plaza for almost 16 years, said many of the families they serve do not have transportation and rely on subsidies to pay for child care, which limits their child care choices. "Without access to child care, families who are already facing financial struggles would be forced to choose between losing their employment or placing their children with unlicensed home providers lacking proper training and a safe environment," Thomas said during the public comment session. And Philomena Harris, who has owned and operated Leather Corner Shoe Repair in the plaza with her husband, Timothy, since 1972, said some of their customers drive to Binghamton from all over the state just for their services. "We have worked […]

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When Apple was on the brink of bankruptcy, a vast supply chain in China helped reverse its fortunes. But following pandemic disruptions and tensions between the U.S. and China, that might change. Copyright © 2023 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information. NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

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Trish Joy Duggan is the founder of Imagine Museum , an accomplished artist, and a dedicated philanthropist. Getty The United Nations (UN) drafted the Universal Declaration of Human Rights (UDHR) 75 years ago in response to the atrocities of World War II. In pursuit of global peace, security and cooperation, the UN set these international standards to guide how we should treat each other as human beings. The 30 articles of the UDHR define our fundamental rights and freedoms: dignity; liberty; equality; the right to life and prohibition of slavery; individual rights in society; and spiritual, political, economic and cultural freedoms. We have yet to live those ideals to the fullest. From sexual harassment and poor race relations to voter suppression and extrajudicial killings , even the U.S. falls short in turning these lofty standards into widespread reality. Why? Eleanor Roosevelt, one of the declaration’s primary architects, wrote that human rights must begin close to home, which is “the world of the individual person; the neighborhood he lives in; the school or college he attends; the factory, farm or office where he works.” Educating individuals on these concepts can be a daunting task, and no one group is assigned […]

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Leading business development author and a Senior Partner of Gozdecki, Del Giudice, Americus, Farkas & Brocato LLP HitItOffTheBook.com . getty The pursuit of new clients and customers is oftentimes difficult, if not downright arduous. Sales and business development professionals are well advised to keep two terms top of mind: efficiency and focus. Inefficiently managing referral sources makes the quest to generate new business even harder. Allocating your valuable energy, attention and focus on people who do not provide material value to your business generation efforts is a regrettable waste of personal and professional resources. It is imperative to have a common sense and workable solution to keep your sales and business development efforts—as they relate to your referral sources—efficient and properly focused. One method that can provide such a solution is what I refer to as Coordinate Relationship Analysis (CRA). CRA is based on the use of a simple x and y coordinate graph through which you can visualize the relative materiality of the value that you bring to the business relationship (e.g., ways you help the other person grow his or her business) as well as what the other person brings to it (e.g., ways that person helps […]

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In the latest biosimilar business news, Fresenius Kabi announced a global partnership with Formycon for an ustekinumab biosimilar; Similis Bio partners with Novel351K to co-develop 3 biosimilars; and Celltrion Healthcare launched its bevacizumab biosimilar in Japan. Fresenius Kabi and Formycon Partnership Fresenius Kabi and Formycon announced that they will be partnering on an ustekinumab biosimilar (FYB202) referencing Stelara. Ustekinumab products are human monoclonal antibodies that target IL-12 and IL-23 for the treatment of moderate-to-severe plaque psoriasis, Crohn disease, ulcerative colitis, and psoriatic arthritis. “With the commercialization of the ustekinumab biosimilar we are expanding our product portfolio with another autoimmune disease treatment option…" commented Michael Schönhofen, PhD, Fresenius Kabi’s chief operating officer and member of the Fresenius Kabi Management Board, in a statement. "We welcome the potential of this agreement to build on the strengths of our companies across the value chain from development to commercialization." The licensing agreement will grant Fresenius Kabi exclusive commercialization rights to FYB202 in key global markets, including Germany as well as parts of the Middle East and Northern Africa Region and Latin America. Formycon will be in charge of development and registration with health authorities. Formycon will also receive upfront and milestone payments contingent […]

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From submitted press releases Here’s a look at promotions, hirings, movers and newsmakers in the Memphis area business scene: Marcus Mitchell recently joined the staff of Southern College of Optometry as director of campus safety and security. Mitchell is a 30-year veteran of the Memphis Police Department, most recently serving as a major for the Ridgeway Station. His past accolades with the MPD include Supervisor of the Year in 2020 and Investigator of the Year in 2014. He received his bachelor’s degree in business management from LeMoyne-Owen College. The Orpheum Theatre Group , the nonprofit organization that operates the historic Orpheum Theatre and the Halloran Centre for Performing Arts & Education, announced the addition of six new members to its board of directors: Patrick Trey Carter III , president, Olympic Career Training Institute; Dr. Cassandra Howard , Brigadier General, USAF VP, Chief Medical Officer Methodist Le Bonheur; Amy Knight , community volunteer; David E. McKinney , vice president of Communications and Public Affairs, AutoZone; Grayson Pruitt , vice president/wealth advisor, Truist Wealth; and Sherry Williams , senior VP, Private Client Relationship Manager, First Horizon Bank. Orpheum Theatre Group board members serve three-year terms and are eligible to serve two […]

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Editor’s Note: Sign up for Unlocking the World , CNN Travel’s weekly newsletter. Get news about destinations opening, inspiration for future adventures, plus the latest in aviation, food and drink, where to stay and other travel developments. CNN — As Qantas gears up for the 2025 launch of its ultra long-haul “Project Sunrise” flights, the airline is offering a sneak peek of what passengers in the plane’s front section will experience on the 19-hour record-breaking journeys. On Thursday, the airline revealed the first and business class cabin prototypes for the 12 Airbus A350s that will service the direct flights connecting Australia with New York and London. Given the time passengers will spend in the air, enhancing comfort is a priority for the designers. “Qantas has been the leader in opening up new long-haul flights for most of our history, and we’re bringing everything we’ve learned, both technically and in terms of passenger comfort, to Project Sunrise flying,” Qantas Group CEO Alan Joyce said in a press statement. The business class cabin features a 25-inch wide chair that can be reclined into a two-meter-long bed. In addition to working with designers and aviation specialists, the airline also enlisted the help […]

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