Technology sector scouts for senior talent
Tech start-ups accounted for 45% of the moves, while IT services emerged second with 32% of the moves. Tech products sector added 5%, while senior tech movements in consulting sector contributed 3%, followed by GICs at 2% of
5G isn’t just about high speed, but also about fast data, high security: Priyanka Anand, V-P & HR head (South East Asia, Oceania & India), Ericsson
The whole pace for how we prepared for 5G got accelerated because of the Covid outbreak. To me, 5G is the underlying technology that can bring this whole thing around low latency that creates seamless experience for people.
Real estate revival: It could be a cracker of a Diwali for builders
Samantak Das, chief economist, JLL observed that if the impending Covid-19 wave can be contained consumer sentiments would improve further with the festive season.
Mumbai property registrations on the rise, expected to break 10-year record
FE had recently reported that Mumbai Metropolitan Region (MMR) alone, is expected to see two million sq ft of launches in the coming festive months with 25-30 big launches planned, having inventory worth Rs 3,750-odd crore.
‘Medium-to-long-term environment looks positive for organised developers’
Kamal Khetan, chairman and managing director, Sunteck Realty, tells Shubhra Tandon that the company has taken advantage of the government’s concession scheme for approvals and will lead to a total savings of Rs 250 crore. E
Auto sector hiring to pick up pace with EV push; 1L jobs seen in a year
With companies like Ola Electric, Mahindra Electric, Tata Motors, TVS, Hero and other automakers having aggressive launch pipelines, hiring for roles in research and development, supply chain, HR, finance, sales and marketing
Real Estate trends: Housing supply and demand set to grow this festival season
In Mumbai Metropolitan Region (MMR) alone, consultants expect 2 million sq ft of launches in the coming festive months with 25-30 big launches planned.
Culture of an organisation will drive decisions on remote/hybrid work: Nitin Sethi, CEO (human capital solutions), Aon, India & South Asia
There are industry nuances to this, product tech companies are more likely to drive much more flexible/ virtual models, however, industries that are sales heavy, operations heavy would want people to come back to normal worki
‘We are specially focused on consumption-led sectors’
Rampraveen Swaminathan, managing director and CEO of Mahindra Logistics Ltd, told Shubhra Tandon that the company has significant investments lined up from warehousing business as well. Edited excerpts:
Recovery road: August hiring up 26% on surge in full-time jobs
The good news is that full time opportunities contributed to 94% of the overall active jobs.
Demand rises for blue-collar jobs: Ahead of festive season, hiring sees 27% spike over Aug-Oct 2020
Temporary employment has seen a 20% increase ahead of the festive season to address the pick-up in consumer activity, according to Indian Staffing Federation.
Upsides of price increase in steel to reflect in subsequent quarters: Koushik Chatterjee, CFO, Tata Steel
In many ways it is already visible through the transformation programme and will get more accelerated once the separation of Tata Steel Netherlands and Tata Steel UK happens in the third quarter of this financial year.
Growth revival: Hiring gains momentum, outpaces pre-Covid levels in July
Kamal Karanth, co-founder, Xpheno, said the closing figures for July matched those for March 2021 and were the highest count over the 12 month period. However, the growth in July is more broad-based versus that in March, whi
Flexible Approach: Contract hiring on the rise in IT and business process management sector
In FY21, the ITBPM sector added 14,486 contract staffers, a jump of 42% over the levels in FY20. That jump could be 50% in the current year taking the net additions to nearly 22,000.
Demand for digital skills drives up attrition in IT sector
The attrition rate in the IT sector was the highest among all industries in India at 8.03% in the April-June 2021 period, followed by educational services at 7.45% and knowledge process outsourcing at 7.38%, according to the
JSW Steel electrical steel facility plans to get fillip under govt PLI scheme
On July 22, the Cabinet approved a Rs 6,322-crore PLI scheme to boost domestic output of high-grade speciality steel, which accounted for 60% of India’s imports of the metal last fiscal and brightens the prospects of the lo
Telcos to report subdued Q1 on pandemic woes
“We expect 1QFY22 to be impacted by the second wave of Covid-19, which would moderate the pace of customer acquisition,” analysts at Credit Suisse said in a note.
Despite declining trend, Covid-19 impact muted on MMR, Pune residential prices
In comparison, the fall in prices over the last one year has not been much, with MMR seeing a decline of 2% in H1 2021 versus H1 2020, and Pune a decline of 1.5% during the same period.
Looking Up: Firms step up hiring as business activity resumes
Retail, hospitality and travel industries which have been the worst hit with the pandemic also witnessed sharp increase in hiring activity during the month.
New virtual learning models emerging for skills to support digital workplace: Rajiv Kumar, VP, SumTotal Systems India
Several organisations have adopted digitisation and enabled remote working, but is that enough for the future of work? Answers Rajiv Kumar.
We are sharpening residential footprint in Mumbai and Pune: Arvind Subramanian, MD & CEO, Mahindra Lifespaces
Accounting standards require us to recognise a project only when the project is completed and until then it shows up on balance sheet and does not show up on P&L.
RIL AGM: Jio-Google’s ‘most affordable’ smartphone to debut in September
The partnership with Google for developing an affordable smartphone was announced by RIL in its AGM last year.
Long-Term View: It is about creating more productive jobs, says CII’s new president TV Narendran
Government has done a lot on ease of doing business compared to what it was few years back, but effective tax rates in India are still very high. This is not just about corporate tax.
FY22 will be better than FY21 for real estate: Irfan Razack, Chairman, Prestige Estates Projects
Both are happening. Between January and April, Bengaluru leased about 3 million sq ft, out of which share of our company is 750,000 sq ft even rent collection is 98-99%, so we are pretty stable.
Logistics sector ups hiring to keep pace with booming e-commerce
HR consultants say hiring is in full force for every role--delivery executives, pickers, packers, loaders, drivers and of course customer service executives. Teamlease estimates the industry workforce at more than 40 million.
Hiring remains flat in May, tech hiring at all-time high
Pawan Goyal, chief business officer, Naukri.com said, “It is encouraging to see a much lesser impact of the second wave of the pandemic on the job economy versus last year. Hiring numbers remaining flat in May signals resil
Outlook on recovery as clear as mud as lot of things are positive: Ashish Bhandari, MD & CEO, Thermax
April started off very well, in line with February and March. In May, we started to see slowdown across the country, which this time around was more pronounced than when we opened up post lockdown in June of last year.
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