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.
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.
Budget 2019: Not much for real estate sector besides boost for affordable housing
Budget 2019 proposes reform measures to promote rental housing.
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
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.
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.
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 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
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
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
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.
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.
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.
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.
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
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.
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.
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.
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.
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
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.
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.
Another weak quarter for incumbent telcos
Revenues to be hit by continued downtrading of average revenue per user, Jio’s ‘monsoon hungama’ scheme.
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.
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.
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.
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.
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BUDGET 2019
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