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Shubhra Tandon

Articles By Shubhra Tandon

381 Articles

After a bit of a dip in December, jobs market gathers pace again

Part-time openings in January have been the highest for FY21 so far, albeit on a small base. In addition, the number of openings for full-time remote jobs moved up to 7,000 in January, up 40% over December, 2020.

Findings from TeamLease EdTech showed 15% of all employers across India intend to hire freshers between February and April.

Union Budget 2021: Investments in REITs, InvITs made attractive; capital raising easier

Union Budget 2021 India: The trusts can now raise debt capital at competitive rates, while dividend payment to REITs and InVITs have been exempt from tax deducted at source (TDS).

Budget 2021-22, Union Budget 2021

Demand for top-level talent shows uptick

“The job churn also allowed companies to hire relatively experienced talent at affordable costs especially in non-IT roles, lowering the demand for entry level roles,” he explained.

Data sourced from jobs portal monster.com shows the demand for senior level professionals barely dipped 5%.

‘Next year will be far better; we will pick up demand lost last year’: JSW Steel joint MD and group CFO

I do not see steel prices going up, but there may not be a big correction downwards. The reasons for that are few. The supplies are expected to go up from countries like Japan, Korea, Russia, which was not the case in 2020. S

‘Telcos expected to see growth for 2nd quarter in a row’

Wireless service providers’ revenue is set to improve in Q3FY21 on continued subscriber addition, analysts at Axis Capital observed. “Arpu to improve driven by upscaling (migration to 4G from 2G). Margin to improve from r

A total 2,251 MHz of spectrum worth Rs 3.92 lakh crore at reserve price in the 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz bands is being put up for sale.

Godrej Fund Management mulls launching REIT or core fund

The fund will be focusing on investments in office projects in Mumbai, NCR, Bengaluru and Pune. This is the third India focused office venture and fifth overall, sponsored by GFM.

Bolaraia said the fund raising environment is not easy, and is an uphill task, even though GFM has been able to raise the first round of the fund and is seeing good interest for the next $250 million as well.

Hiring Slows: Fewer full-time job offers in December

Meanwhile, the trend of fewer opportunities being generated in the top five metro locations persisted with their contribution to the total active job counts at a low 28%, down from the earlier highs of 51% in September.

Overall, after staying nearly constant in October and November, the active jobs count dipped in December 2020. (Representative image)

‘Growth momentum likely to sustain since the deal pipeline is healthy’: V Ramakrishnan, CFO, TCS

Adoption of cloud to reimagine processes within the company and drive efficiencies is also on the rise, so the margins should remain resilient.

V Ramakrishnan, CFO, TCS

WFH to spur tech hiring this year

In terms of salaries too, it is expected to be a good year for people with these skills. The current salary ranges in the Rs 20 lakh per annum bracket for a talented person with 5-7 years of experience.

Mishra said that his company is busy collecting data of people with all these skills. “We are building database of these candidates and keeping them ready,” he said.

Cheque it out: Hiring to pick up in 2021

Right now it’s India’s domestic companies that are adding to their teams and they are expected to continue to do so in 2021.

Hiring momentum stabilising with overall job openings, November data shows

The recovery in hiring activity is becoming broad-based with the job market in the non-tech sectors also looking up, LinkedIn said in a recent survey.

The count of jobs that were active, refreshed and accepting applicants in November 2020 marginally dropped to 2,70,000 mark, as against 2,75,000 in October, data compiled by Bengaluru-based specialist staffing firm Xpheno, shows.

Blue collar workers back in demand: Hiring rise majorly in sales, delivery, cab hailing services

These employees are responsible for various activities from greeting customers, offering assistance and suggestions, lending opinions and providing product information.

November saw a 35% jump in number of retail sales associates hired, over October, thanks to many more stores remaining open due to the festive season demand.

Some support from UK govt required to make business self-sustaining: Narendran

TV Narendran, CEO and MD, Tata Steel, tells Shubhra Tandon that the company has communicated to the UK government of reaching a solution sooner than later, however, no time lines can be fixed as yet.

Work from home to spur contract hiring in small cities

Contract staffing in Tier 2 and 3 cities is expected to see an increase now that companies are more open to employees working from anywhere, even their homes.

Thermax looks to focus on clean energy, water and air

In terms of the kind of projects that customers are getting started on, I think private players are opening their chequebooks for projects which have less than three years payback and projects that have a sustainability impac

Thermax will not be only a capital goods company.

JSW Infra plans to meet cargo handling capacity two years ahead of schedule

Arun Maheshwari, joint managing director and CEO told Financial Express that since 200 MTPA is looking feasible, the company is getting back to drawing boards and would like to take the target to a higher level which the comp

A fair deal for the fair sex: Women take up jobs left by migrant male workers

Sudeep Sen, business head, TeamLease Services, told FE that e-commerce and warehousing companies are now open to enrolling women, having realised they are equally capable of doing the job.

That the processes in these sectors have become more digitised and automated has helped.

Hiring picks up pace in October, more companies embrace work-from-home as permanent feature

Full-time remote job openings also grew to 3,000 in October from 2,000 in September, as more companies could be embracing work-from-home as a permanent feature.

“There’s less uncertainty and that has led to more hiring,” Dumoulin explained. (Representative image)

L&T to back another package in Bullet Train project

The contract will be awarded by National High-Speed Rail Corporation (NHSRCL). This comes close on the heels of the company getting Rs 24,985 crore package in the same project, which is also the largest ever contract bagged b

Don’t think auto sector demand will weaken in Q3, Q4: Seshagiri Rao

Seshagiri Rao, Joint Managing Director and CFO, JSW Steel, tells Shubhra Tandon that the growth momentum will continue in the second half of the year.

The worst is over, says JSW Steel

In Q2FY21, JSW Steel recorded 61.6% increase in Ebitda at `4,414 crore, and margins surged a good 740 basis points to 23%.

The worst is over, says JSW Steel

JSW Steel, the country’s second-largest steel maker, believes the worst is over, as there is an all-round improvement in demand across user industries, led by the automobile sector.

Crude steel production in the July-September period stood at 3.85 million tonne.

Dull Diwali for real estate: Few festive treats for home buyers

Godrej Properties and Oberoi Realty told FE they’re staying with the properties already in the market and have nothing new this time. Others such as the Runwal group are merely offering new phases in existing locations.

A buyer can pick up a home in any of ten projects across Mumbai, Bengaluru, Kochi, Delhi NCR and Kasauli. (Representative image)

UltraTech Cement CFO: Rural markets, govt spends on infra driving growth

Atul Daga, chief financial officer, UltraTech Cement, tells Shubhra Tandon that operations are back to pre-Covid levels and cement demand will continue to remain strong driven by rural demand and government’s push to infras

Path to Revival: Strong demand for blue-collar workers, full-time jobs on offer

Maximum job creation will happen in Bengaluru, followed by Hyderabad, Delhi and Mumbai. Chennai is projected to end the year at 100% of its Q1 demand while Mumbai, Hyderabad and Bengaluru will recover greater than 70% of dema

Telecom operators expected to see stable Q2, say analysts

For Vi, the brokerage expects the revenue to increase by 2% q-o-q. According to BofA while Vi is estimated to continue to lose subscribers, the pace of subscriber loss is reducing.

The average revenue per user (Arpu) is expected to see moderate rise for all operators on a sequential basis.

Good news job-seekers! Hirings are back: More full-time options as confidence rises

Page told FE the main reason for this is that with companies re-aligning themselves with the new normal, there has been a need for new talent. Also, companies have understood the current conditions will continue for some time

The state continues to attract electric mobility investments and has signed MoUs with Li-Energy for Rs 300 crore and Grinntech for Rs 90 crore.
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