KUALA LUMPUR: Oil and gas contractor Uzma Bhd is banking on two strategies to drive the group forward in terms of operations and profitability amid the volatility in the oil and gas industry. Managing director/chief executive officer Datuk Kamarul Redzuan Muhamed (pic) said oil and gas would remain as the company’s core business, but the group would need to increase resilience and operate differently. “When I said differently, sometimes there are places that we bid our tenders, it is always technically acceptable but (offers the) cheapest (solutions), we probably do not want to participate in those businesses. “We believe that certain capabilities that we have require some premiums, so we will participate in the areas that we feel require some premiums, ” he said. Kamarul Redzuan said this during a presidential plenary session at the virtual Reimagining Malaysia Assets (Reset) 2021 conference yesterday. He noted that Uzma’s non-oil and gas business would be its growth … [Read more...] about Uzma banks on two strategies to drive business
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Uzma banks on two strategies to drive business forward
KUALA LUMPUR: Oil and gas contractor Uzma Bhd is banking on two strategies to drive the group forward in terms of operations and profitability amid the volatility in the oil and gas industry. Managing director/chief executive officer Datuk Kamarul Redzuan Muhamed said oil and gas would remain as the company’s core business, but the group would need to increase resilience and operate differently. "When I said differently, sometimes there are places that we bid our tenders, it is always technically acceptable but (offers the) cheapest (solutions), we probably do not want to participate in those businesses. "We believe that certain capabilities that we have require some premiums, so we will participate in the areas that we feel require some premiums," he said. Kamarul Redzuan said this during a presidential plenary session at the virtual Reimagining Malaysia Assets (RESET) 2021 conference today. He noted that Uzma's non-oil and gas business would be its growth business … [Read more...] about Uzma banks on two strategies to drive business forward
In conversation with Tarun Anand of the Universal Business School about the new avatar of the post-COVID MBA
From changing student expectations of what constitutes a desirable learning experience to the rising popularity of micro-credentials and a readily available menu of online qualifications- the post-COVID MBA looks quite different. As a result, the business of business schools is changing. Schools are evolving into more comprehensive organizations. They are delivering more programs online, moving into new geographical regions, and expanding into more speciality areas. But many schools are finding they can’t do all of these activities alone. As a result, more institutions are “unbundling” their operations and sharing control of their programs with other institutions. Such unbundling can involve any number of models. Here’s what Tarun Anand of the Universal Business School , who has been a pioneer in high-quality management education in India has to say about the change. 1. The MBA continues to be in demand. What changes will we see in this decade to the structure of an MBA? … [Read more...] about In conversation with Tarun Anand of the Universal Business School about the new avatar of the post-COVID MBA
How India’s family-run business empires battle over their billions
India's big industrialist families usually make the news for their billion-dollar deals and high-profile acquisitions, but every now and then they grab the headlines for an entirely different reason: The battles over their billions. Last month saw the culmination of one of India's ugliest courtroom dramas that pitted billionaire industrialist Ratan Tata, 83, against his relative and former protege Cyrus Mistry, the erstwhile executive chairman of the US$106 billion (S$142 billion) salt-to-software Tata group. Mistry was ousted from his post in 2016 after a four-year stint - but instead of exiting quietly, the 52-year-old decided to drag his mentor to court, claiming unfair dismissal. The Supreme Court, however, backed the removal of Mistry and ruled last month that his ousting for lacklustre performance was legal. The verdict created national news, as millions of Indians sat glued to their television sets following the twists and turns of the Tata vs Mistry saga, which dragged … [Read more...] about How India’s family-run business empires battle over their billions
M&M to invest Rs 3,000 cr on electric vehicle business in next 3 years
electric vehicles business in the next three years, while it looks for more alliances and partnerships in the vertical, according to a top company official. M&M is working on developing an EV platform by combining the capabilities of its operations across the globe, including Detroit and Italy. "So, for EVs, we are going to invest Rs 3,000 crore additional to what we have talked about," Mahindra Group Managing Director and CEO Anish Shah told. Mahindra & Mahindra Ltd had earlier said it was investing Rs 9,000 crore in the auto and farm sectors in the next five years. The company, which has set a goal of putting 5 lakh electric vehicles on Indian roads by 2025, has already invested Rs 1,700 crore in the EV business in India with another Rs 500 crore on a new research and development (R&D) center. While it has already opened its electric technologies plant in Bengaluru that produces battery packs, power electronics and motors, it has also invested in a new … [Read more...] about M&M to invest Rs 3,000 cr on electric vehicle business in next 3 years