Shubhra Tandon

Articles By Shubhra Tandon

362 Articles

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.

Want to buy your dream home? RBI makes high-value home loans possible at lower rates

With Friday's rationalisation, the risk weight for all home loans with an LTV of 80% or less has been set to 35% and the risk weight for all home loans with an LTV between 80% and 90% has been set to 50%.

Earlier, all loans above Rs 75 lakh carried the same risk weight, irrespective of LTV.

Don’t see cloud migration, SaaS model as just flash in the pan: V Ramakrishnan, Chief Financial Officer, TCS

One feature to note about the deal wins this quarter is the one large deal win which we had announced in December 2019.

Typically, when we announce salary hikes, historically there has been between 1 and 2% impact on the margins.

Covid-19-induced economic uncertainties: ‘Salaries to have more variable, profit-linked pay’

As Amit Vadera, AVP, TeamLease Services observed, the pandemic has accelerated the shift to linking pay with performance.

“Earlier people could do some work from nine to five and get paid but now measurable productivity is key,” he said.

Godrej Fund Management to raise $400-500 million early next year for another office fund

According to Colliers International the commercial office segment in India continues to attract significant interest from investors even in the current times of uncertainty around the remote working culture that is likely to

Forecasting a steady Grade A office space demand the plans on building office space portfolio are also afoot. (Representative image)

Unsteady economy: With demand outlook still hazy, firms are hesitant to hire permanent workers

With the economy contracting, Payoneer says 135 million jobs may have been lost leading to a 35% rise in unemployment and that has prompted many more to take up gig jobs.

Also, companies want to bring in specialised skill sets for a variety of roles,” Moraje explained.

Builders woo homebuyers; offer waiving off maintenance charges, stamp duty, prices down 8-12%

The sum of the sops, according to Knight Frank India, is significant and has brought down home prices by 8-12% in India’s top eight cities.

‘Hopeful of maintaining launch guidance of 22 projects’

Mohit Malhotra, MD and CEO of Godrej Properties, tells Shubhra Tandon that the company is looking to be a participant in the ongoing consolidation phase in real estate, and is open to acquiring projects as well as companies,

Godrej Properties, Mohit Malhotra, GPL, godrej JV and JD model, Covid-19, Godrej Properties

Looking for a job amid pandemic? Here’s good news as job openings jump, work from home becomes new trend

Professionals in spaces like cybersecurity will command increments in the range of 12-18%, those employed in automation roles will see hikes in the range of 12-15%, while medical scientists and microbiologists can expect incr

Survey: Average pay hikes in India fall sharply

Even high-flying spaces like e-commerce and digital, known for double-digit increments, have struggled to keep up with tradition.

state spending, GST shortfall, centre revenue, central government, nirmala sitharaman

DoT says stall RCom case till SC ruling

DoT is understood to have filed a 19-page affidavit before NCLT, Mumbai and prayed that the resolution plan be set aside in the light of the matter of insolvency of RCom and RTL being sub-judice in the Supreme Court.

The matter has been adjourned for hearing on September 8.

Thermax new MD & CEO expected to lead firm out of the woods

The appointment of Bhandari comes at a time when the world is grappling with the Covid-19 pandemic and the engineering company has not been immune to it.

Thermax, Thermax new MD, Ashish Bhandari, MS Unnikrishnan, Aatmanirbhar project, thermax revenue

India Bulls-Embassy Group pact ups realty consolidation hopes

However, Sharad Mittal, CEO, Motilal Oswal Real Estate Fund said large entity level consolidations are difficult to happen and believes there will be consolidation at the project level.

The merger is expected to be completed by the second quarter of 2022 financial year.

Ashish Bhandari to take over from MS Unnikrishnan as Thermax head

According to analysts, weak ordering environment coupled with order book depletion is a significant risk to revenue estimates for the coming two financial years for Thermax.

While there is some revival in private capex in few segments like metals, and cement, a broad-based recovery is key for Thermax, according to analysts.

Hiring picks up pace as India goes back to work

LinkedIn said skills that are in high demand include JavaScript, SQL, sales management, team leadership and recruiting.

Those specialising in risk management and business continuity can command their price; businesses are scrambling to find experts in this space.

Tata Realty not buying into Work From Home culture; planning for a massive office space portfolio

Tata Realty has around six million sq ft of office space ready and leased and another one million sq ft is under construction and will be ready by November in Gurgaon.

While demand has been hit, so has supply; the supply expected to come online by calendar year 2022 has declined about 20% in the past quarter itself.

Now hiring! India’s job market is bouncing back

Experts in the field of technology – artificial intelligence, machine learning, data sciences – are in big demand given most businesses need to use more IT.

Normalcy is restored in all our sites, so we expect change in volumes: JSW Steel CFO

Domestic demand in China is quite strong that got reflected in the improvement in FOB prices which have gone up from $400 in April to $480 per tonne at present.

Rs 19,350-crore BPSL resolution plan: JSW says not ‘obligated’ to implement it; awaiting SC verdict

Seshagiri Rao, joint managing director and group chief financial officer, JSW Steel, told FE that the company is ready to implement the resolution plan and is awaiting Supreme Court’s verdict on the issue related to assets

Raheja Real Estate Investment Trust listing expected next month; over Rs 3,000 cr likely to be raised

The office assets to be put under REIT boast of marquee tenants like Facebook, Verizon, Capgemini, UBS, Barclays, Amazon, Schlumberger, Qualcomm, among others.

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