This job creation initiative comes on the heels of mPokket’s recent Rs 500 crore debt capital raise, which is meant to increase product development in career acceleration and insurance verticals. The company currently has 2,300 full-time employees.
10 hours ago
Electric vehicle charging equipment maker Blink Charging said on Tuesday it would lay off about 14% of its global workforce, as part of a cost reduction plan.
1 day ago
In the last five weeks, Project Next has transitioned Swiggy’s 100 Delivery Partners to Sales Executives who have onboarded nearly 360 restaurants, according to a statement.
17 Sep 2024
Campus recruiters are increasingly seeking engineering graduates with additional skills in emerging technologies like AI, ML, and IoT. These candidates command higher salaries compared to those with just a B.Tech degree. Internships and apprenticeships also boost employability and pay, reflecting a growing trend in the job market.
16 Sep 2024
This makes learning an important aspect of growth. Vijai Subramaniam, Founder and Chairman, Royaloak Furniture, says, “In today's rapidly evolving business landscape, continuous learning and development are imperative for both individual and organisational growth. We must prioritise cultivating a culture of lifelong learning, encompassing both technical and soft skills.”
16 Sep 2024
The layoffs are reportedly primarily concentrated in the advisory and technology sectors. A significant portion of the affected employees are based offshore. WSJ quoted PwC's US leader, Paul Griggs, communicating these changes in a memo, “We are positioning our firm for the future, creating capacity to invest, and anticipating and reacting to the market opportunities of today and tomorrow,” he explained in the memo.
16 Sep 2024
Corporate India is prioritising employee health and wellness with companies like Deutsche Bank, Aditya Birla Health Insurance, and Philips integrating health goals into performance reviews. Initiatives include onsite diet consultants, wellness sessions, heart health assessments, and tracking health metrics. Aditya Birla Health Insurance now requires employees to incorporate health goals into their key result areas.
15 Sep 2024
Creating an environment to navigate a multigenerational atmosphere will ensure the sustenance of a happy and productive workforce. By addressing and correcting the misconceptions about Gen Z, society will be able to cultivate a more inclusive and empathetic environment across generations.
15 Sep 2024
Flipkart has opened a delivery hub in Delhi-NCR run entirely by LGBTQIA+ employees, marking a first in India. Companies like Wells Fargo, Axis Bank, and Godrej Consumer Products are also taking steps to include LGBTQIA+ talent through specialized hiring programs and inclusive policies, aiming to create equitable workplaces.
14 Sep 2024
The workplace is no longer a place where only senior employees impart wisdom to their juniors. In today’s fast-paced digital world, it’s essential for everyone to be open to learning, regardless of their position or years of experience. Reverse mentoring is a powerful tool that encourages employees across generations to share their knowledge and learn from each other. By embracing this concept, organizations can create a more connected and effective workforce, better equipped to tackle the challenges of the modern world.
13 Sep 2024
Samsung Electronics' India division has sued labor union members over an 11-day strike at its Tamil Nadu home appliances plant. Workers demand higher wages and union recognition. The court urged both parties to resolve the issue soon, while Samsung expressed concerns about potential operational disruptions and safety risks.
1 hour ago
Mathew Cyriac and Nimish Shah will invest Rs 1,814 crore in Reliance Infrastructure for a minority stake. The company is raising Rs 3,014 crore through preferential allotment for expansion and working capital needs. Anil Ambani will also invest Rs 1,814 crore. Reliance Infra plans to raise another Rs 3,000 crore via QIP.
1 hour ago
Sebi has restricted Axis Capital from taking on new assignments as a merchant banker for debt securities. This decision comes after it was found that Axis Capital provided unauthorized guarantees for Sojo Infotel's Non-Convertible Debentures, posing credit risks. Sebi aims to ensure market stability and regulatory adherence.
3 hours ago
Analog Devices has entered into an agreement with Tata Group for the production of semiconductor products in India. Tata Electronics plans to invest $14 billion to establish a semiconductor fabrication plant in Gujarat and a chip-assembly and testing facility in Assam. The collaboration includes using ADI's products in Tata Motors' electric vehicles and Tejas Networks' telecom infrastructure.
2 hours ago
US unemployment benefit applications have dropped to their lowest level since May, signaling a robust job market despite a slowdown in hiring. Initial claims decreased by 12,000 to 219,000 for the week ending September 14. Continuing claims also fell to a three-month low. The four-week moving average has reached its lowest point since June.
4 hours ago
Sebi has modified the valuation framework for Alternative Investment Funds (AIFs), aligning it with mutual fund rules for certain securities. This update follows industry feedback and takes effect immediately. Independent valuers must now belong to registered entities like ICAI, ICSI, or CFA charter. Changes in valuation methods must be disclosed to investors but are not considered material changes.
1 hour ago
The Reserve Bank of India has lifted its restrictions on IIFL Finance's gold loan business, effective immediately. These limitations were placed in March 2024 and prevented various gold loan activities. IIFL Finance has pledged to uphold high compliance standards moving forward. The company's shares declined by 5.75%, closing at Rs 498.40 on the BSE.
3 hours ago
India is on track to become the third-largest economy by fiscal 2030-31 with a projected annual growth rate of 6.7%, according to S&P Global. Key factors include continued reforms, infrastructure development, and sustainable technologies. The Indian equity market is anticipated to remain competitive due to strong growth prospects and increased foreign inflows into government bonds.
3 hours ago
Sebi has amended rules to streamline the process for public issuance of debt securities, reducing the period for seeking public comments on draft offer documents and cutting the minimum subscription period. The changes aim to facilitate ease of doing business, providing faster access to funds and greater flexibility for issuers, including simplified disclosure requirements.
3 hours ago
NTPC shares soared to an all-time high of Rs 424 on BSE following NTPC Green Energy's filing for a Rs 10,000 crore IPO. The raised funds will be used to repay loans and support business purposes. The IPO includes only fresh equity shares without any Offer For Sale component.
4 hours ago