Shubhra Tandon

CDPQ set to acquire 3 of Essel’s road projects for Rs 3,500 crore

Upon completion, the deal is expected to bring down Essel Infraprojects' debt to nearly Rs 8,000 crore from Rs 11,466 crore. The deal is part of overall plans of the Subhash Chandra-led Essel group to reduce its debt.

CDPQ, Essel, road project, Essel Highways, Essel Devanahalli Tollway, national highway project, L&T Infrastructure Development Projects, infrastructure news

Home loan tax sops may not boost demand in metros

Market experts peg the difference between market value and circle rate at 5-7% in most instances.

home loan, housing loan, home loan repayment, home loan interest rates, fixed News

Budget 2019: Not much for real estate sector besides boost for affordable housing

Budget 2019 proposes reform measures to promote rental housing.

Budget 2019, Union Budget 2019 India, Budget 2019 India, Budget 2019-20, News

Traditional job roles are getting redesigned: Siddhrath Gupta , CEO, Mercer Mettl

It would be unfair to say that suddenly something so bad has happened for the unemployment to go up by 4x. In my official capacity, I have not seen that form of distress either in the organised or unorganised space, says Sidd

Siddhrath Gupta , CEO, Mercer Mettl News

Airtel, Vodafone Idea focus on high revenue customers

In November, both Bharti and VIL adopted a minimum recharge scheme through which they fixed a ceiling of Rs 35 as the minimum recharge plan and discontinued all recharges below that.

Airtel, Vodafone Idea, reliance Jio, mass market player, postpaid tariffs News

Tata Steel net debt rises over three times in FY19

Tata Steel’s standalone net debt for the full year ended March 2019 more than trebled to Rs 28,471 crore, from Rs 8,769 crore a year ago, because of a decrease in current investments along with cash and bank balances.

Industry News

Reliance Jio, Airtel, Vodafone Idea report similar revenue market share

Reliance Jio reported mobile RMS, including access services and national long-distance revenues, of near 31%, Vodafone Idea (VIL) stood at about 31% and Bharti Airtel was a tad above 29%. The remaining is shared among the sma

Jio vs airtel vs vodafone prepaid recharge data benefits and unlimited calling News

Jio impact waning? Airtel, Vodafone Idea arrest revenue slump

While Bharti Airtel witnessed an increase of 4.35% quarter-on-quarter in the company’s India mobile services revenue to Rs 10,632.3 crore for the three months of January-March 2019, Vodafone Idea saw its revenues remain fla

Telcos arrest revenue slump for first time since Jio's launch News

Proxy advisory firms at odds over JSW Steel employee benefit scheme

Under the Samruddhi Plan 2019, permanent employees in the grade L01 to L15 can buy equity shares of the company from open market by availing a loan provided by a ‘lending agency’. The interest thereon will be borne by JSW

Proxy advisory firms at odds over JSW Steel employee benefit scheme News

Vodafone Idea to do away with all low Arpu subscribers by May end

According to the company’s management, the telco rolled out the minimum recharge plan for most of the country in December, however, certain set of customers in some markets may not have come into the new tariff fold because

Vodafone Idea to do away with all low Arpu subscribers by May end News

Digital push: Banks woo IT talent with fat paychecks

Small NBFCs may hire a CTO at Rs 60-80 lakh plus variable pay and also ESOPs; larger firms offering Rs 1.5-2 crore.

banking sector, banking industry, nbfc, axis bank News

Job market: Hiring in finance sector slowing down? Here’s what numbers say

But the addition to the headcount in 2019 could be less than 10%, says Randstad India MD and CEO Paul Dupuis, who points out the sector now faces several challenges.

Banking & Finance News

Age of automation! Fewer jobs on the shop floor, new age companies a big draw

HR consultants say that in the absence of benchmarks that assess skills and compensate employees accordingly, jobs in the manufacturing sector are not as remunerative as those in the services space.

Jobs and Education News

Vodafone Idea to increase cost of acquiring new SIM

The increased cost will now be made uniform across all the 22 circles, the company management told analysts a day after it posted a wider net loss at Rs 5,005 crore during the October-December quarter.

Vodafone Idea, new SIM of vodafone idea, Bharti Airtel, Balesh Sharma, vodafone new sim price News

Budget 2019: Tax benefits should see more home buying

Budget has proposed several tax sops to incentivise purchase of second homes, and also announced relief for realty firms by extending tax rebate on development of affordable housing until next fiscal and not charging tax for

Budget 2019 News

Good news on salary front: India Inc pay packages seen rising 10% this year

HR professionals estimate there was a marginal drop in median pay increases from 10.5% in 2017 to 10% in 2018.

Industry News

Job opportunity! Whopping 4 lakh openings in these 3 sectors

The pace of hiring in India Inc may have slowed over the past couple of years, but 2019 holds out promise for those who want to work in sunrise spaces. HR consultants are counting four lakh new jobs at the very least.

rpf recruitment, rpf recruitment 2019, rpf recruitment admit card, rpf recruitment constable, rpf recruitment constable salary News

Vodafone Idea cut staff count by 1,800 post merger

The company said the figures for revenue, EBITDA key performance indicators for Q1 and Q2 of FY19 are proforma figures and presented as if Vodafone Idea was a merged entity from April 1, 2018.

Industry News

Unsold inventory remains high in Mumbai Metropolitan Region

The unsold inventory in the country’s costliest real estate market –Mumbai Metropolitan Region (MMR) – continues to remain high with over 2.2 lakh units remaining unsold as of September 2018.

mumbai properties, mumbai realty, mumbai real estate News

Good news on job front: IT, healthcare, retail hiring in FY 2019; FMCG, telecom disappoint

Growth of 4.1% seen for FY19; IT, retail, healthcare among sectors looking up; telecom, FMCG disappoint

job sector, healthcare sector, it sector, it industry News

Chinese products, US scrap challenge for domestic metal companies, says Hindalco Industries Satish Pai

The current run in the aluminium space has been good and domestic demand augurs well for the domestic metal industry in FY19.

Industry News

MSMEs, entrepreneurs engines of growth; have key role to play, says chairman of Club of Rome-India

With limited resources and rising global population, the debate has to be centred around the efficient utilisation of these while providing employment opportunities and quality life.

Markets News

Another weak quarter for incumbent telcos

Revenues to be hit by continued downtrading of average revenue per user, Jio’s ‘monsoon hungama’ scheme.

telecom operators, Bharti Airtel, Vodafone, Idea, Jio, Jio monsoon hungama, Reliance Jio News

Heavy job losses of up to 75,000 to in telecom sector due to M&A, but Reliance Jio continues to hire big

Telcos are expected to let go of around 50,000-75,000 employees in 2018, according to one estimate by Randstad India. Others like TeamLease Services peg the number at an even higher 90,000.

Jobs and Education News

Investing more in new segments to beat cyclicality, says CEO of Thermax

To combat volatility in the capex cycles which impacts capital goods companies, Pune-based Thermax is venturing into new areas to make the company’s core business more resilient to it.

Thermax, MS Unnikrishnan, crude oil prices, capex cycles, domestic market, NCLT, private capex  News

Fare war: Jio’s new price points portend fresh pain points for rivals

After a gap of four months, Reliance Jio has once again brought in a disruptive tariff scheme which will hurt incumbents Bharti Airtel and Vodafone Idea.

relaince jio, barti airtel, vodafone idea, myjio app, Zero Touch Postpaid, Morgan Stanley, PhonePe News

Vodafone Idea’s capex likely to remain subdued, hit Arpu

Vodafone Idea registered revenues of Rs 58,500 crore for the 12 months to June 30, 2018, against Bharti Airtel’s Rs 51,575 crore.

vodafone , idea, vodafone idea merger News