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.
JSW’s steel production to take a hit in first quarter, says Seshagiri Rao
However, the company's management is hopeful that the impact will be limited to one quarter and conditions should improve from the second quarter onwards.
Sales Spurt: E-commerce firms press pedal on hiring across functions
Sivaram said there has been a 15% jump in the demand for management information specialists over the pre-pandemic period. Customers, he added, were also looking for CAD designers, those manning IT help desks, UI and UX develo
L&T FY22 guidance on order inflows aggressive: Analysts
“Order inflow guidance at low- to mid-teens appears ambitious as FY21 had lumpy order wins—high speed rail contracts,” analysts at Nomura observed. The foreign brokerage estimated growth at 9% to Rs 1.9 lakh crore in FY
‘2021 has made it clear future of work is hybrid’
There is a huge bump in hiring of cyber security people as many companies adopt work from home (WFH).
Coronavirus woes: Hiring momentum slows in April
While hiring activity across experience bands saw an average decline of 13% in April with the 0-3 years’ experience band being the most hit witnessing a decline of 19%, fall in hiring for 13 plus years’ experience was muc
Hindustan Unilever Q4 profit jumps 42% to Rs 2,143 cr, volumes grow 16%
The company’s profits jumped 41% year-on-year during the quarter to Rs 2,143 crore, ahead of Bloomberg consensus estimates of Rs 1,968 crore. Revenues rose a sharp 34% y-o-y to Rs 11,947 crore again beating estimates of Rs
Maruti Suzuki Q4 profit declines 9.7%
However, he said it would be difficult to predict how the rest of the quarter would play out. “Nobody knows what will happen and what conditions or restrictions might be imposed. I would not like to make a forecast for the
Digital Transformation: New-age tech skills see rise in demand
Ravish Agrawal, co-founder and CEO, Able Jobs, observed that while engineers are being hired to build the infrastructure, sales and support roles are also important given there are several first-time users of the platform who
Jobs 2021: More temporary staff in demand, fewer permanent jobs on offer
According to Alok Kumar, senior director, Manpower, such senior professionals are taken on as consultants for specific projects for a specific period.
Hiring momentum continues to grow touching 2.9-lakh mark in March
The second wave of the Covid-19 pandemic failed to cast a shadow on the hiring momentum in March as the count of active jobs, refreshed and accepting applicants reached the 2.9-lakh mark, against 2.6 lakh in February 2021.
Job Market: Freelance profiles find more takers
Numbers support the trend too. Jobs portal platform Indeed, analysed the freelance job market in India between January 2019 and 2021 revealing that there is a 22% jump in hiring in January 2021 compared to January 2019.
Mahindra Holidays sees growth in domestic leisure tourism, plans Rs 1,200-cr infra boost
Singh said the company would be following a healthy-mix of owned and asset-light strategy, whereby 55-60% of rooms will be owned by the company and the remaining 40%-odd will be on long leases.
Rewards 2021: More companies would be willing to roll out increments; better pay hikes for top achievers
Despite better increments, for the majority of companies, the increase in the wage bill would be equal or less than the budget for salary hikes; this suggests they’re taking a hard look at their team strength.
Reviving capex: ‘We will have to bank on govt-led projects’
As we have said in the past, we will aggressively pursue our strategy of focusing on our core segments and exiting from businesses that are non-core for us.
Pandemic experience has made us more resilient and accelerate future readiness: Tata Steel’s Chatterjee
Once it's complete, we would have simplified the India business into four clusters (long products, downstream, mining and utilities & infrastructure) to drive scale, synergies and simplification.
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