Industry Trends

Zomato sets up wellness facility at Gurugram HQ for employees, families

The new facility will offer Zomato employees and their families access to cutting therapies like cryotherapy, red light therapy, and hyperbaric oxygen therapy. Zomato also has a chief fitness officer, Anmol Gupta, who collaborates with employees on wellness and healthy living, supported by an in-house team of trainers, nutritionists, and wellbeing counsellors.

14 hours ago

BP cutting 4,700 jobs worldwide as part of cost-saving drive

The reductions amount to just over 5% of BP's 90,000 worldwide employees. Auchincloss's memo said that about 2,600 of the contractors involved in the job cuts have already left the business.

14 hours ago

UK's CAB Payments to cut 20% of jobs and focus on automation

The announcement chimes with a broader trend of British companies cutting jobs, limiting hiring and increasing their reliance on technology after finance minister Rachel Reeves raised employer social security contributions and the minimum wage, leading to cost increases this year.

17 hours ago

M&M rolls out 'returnship' programme for women

The Mahindra group launches SOAR, a unique returnship program aimed at reintegrating women who took career breaks into mainstream roles. The initiative seeks to address gender disparity by offering permanent roles, mentorship, and training. The move follows industry trends to enhance female labor participation rate and reduce the gender gap.

23 hours ago

Infosys aims to hire over 20,000 freshers in FY26

​ Infosys hiked its annual sale forecast Thursday and posted an 11.4 percent on-year rise in profit for the December quarter, signalling a gradual revival in client spending.

1 day ago

How HR leaders can champion employee wellbeing in the manufacturing industry

The article highlights the evolving role of HR in the manufacturing industry, emphasizing its critical responsibility in fostering employee wellbeing, safety and engagement. It addresses challenges like high turnover, skilled talent shortages and workplace risks, urging HR to adopt innovative strategies, including upskilling and industry-academia partnerships. Post-pandemic, HR’s focus on mental health, work-life balance, and open communication is essential to building purpose-driven, inclusive workplaces as this approach ensures a motivated workforce and long-term organizational success.

16 Jan 2025

Senior banker shares his friend's bitter-sweet regret after he could not crack L&T job interview

Adarsh Samalopanan recounted his roommate Ramzan's L&T job interview. Ramzan's passion for basketball was questioned, and he was asked to quit the sport for academic focus. Despite arguing the benefits, he was rejected. The story gained attention amid backlash to L&T's 90-hour workweek proposal. L&T's chairman's comments drew criticism for impacting personal and professional well-being.

16 Jan 2025

ShareChat to lay off another 5% employees to cut costs

The Google-backed vernacular social media firm plans to reduce its total employee count to 500 by March 2025. It had 650-700 employees as of November 2024.

16 Jan 2025

A breakup letter to Mr Subrahmanyan

You’re driven. You want to build a nation. But sir, I can't help but wonder, are we building a nation that works hard or a country that hardly lives? When you spoke about a 90-hour workweek, as an employee, it felt like a betrayal. I mean, really? I thought we were past that.

16 Jan 2025

Why India Inc is still facing deeper corporate issues and needs a reality check

At a time when the world is talking about a four-day work week, or having policies like right to disconnect, some Indian leaders are glorifying statements which may not hold a great significance in their own lives but may impact the public at large.

16 Jan 2025

FTA: Goyal to meet EU Trade Commissioner

1 hour ago

TechM's revenue rises 1% in Dec qtr

1 hour ago

Forex intervention gains outweigh costs: RBI study

RBI's recent bulletin emphasizes the importance of foreign exchange interventions for emerging markets like India. These actions help stabilize capital flow volatility, with RBI moderating currency swings through both purchases and sales. This strategy aims to manage volatility and prevent financial risks, as highlighted by Michael Patra and co-authors.

2 hours ago

Forex kitty at 10-month low, Re at 86.61/$

2 hours ago

Wipro's Q3 revenue falls nearly 1%

Wipro's revenue dropped 0.7% year-on-year in the Dec quarter but met its guidance, with a forecasted growth of -2% to 0% for the next quarter. The company reported a positive outlook with increasing AI spending, a good pipeline, and improved operational efficiency. Wipro's headcount reduced by 1,157 employees.

2 hours ago

'It's time to stoke demand, trigger investment boom'

The State of the Economy report from RBI suggests the time is ripe to boost demand and investment, with an anticipated economic rebound driven by strong agricultural prospects and a resurgence in domestic demand. Emphasis is placed on monitoring inflation and leveraging public capital expenditure and green energy initiatives for sustainable growth.

2 hours ago

Zomato pumps Rs 500cr into arm Blinkit

Zomato has invested an additional Rs 500 crore into Blinkit, its quick commerce business, bringing total funding to Rs 2,800 crore since the 2022 acquisition. This move follows Zomato's recent Rs 8,500 crore fundraising, aimed at bolstering its financial position amidst stiff competition in India's quick commerce sector.

2 hours ago

IMF retains India's FY25 growth forecast at 6.5%

The IMF maintains India's growth forecast for 2024-25 at 6.5% despite a sharper-than-expected deceleration in industrial activity. Calls for measures to boost consumption persist amid global uncertainty. The IMF aligns with the World Bank's estimate, recognizing India's tag as the fastest-growing major economy.

2 hours ago

Government to move new income tax bill in Budget session

Finance minister Nirmala Sitharaman plans to introduce a bill for a new direct tax law during the budget session. The focus is on simplifying provisions and making the language more accessible for the common man. The new law will replace the 63-year-old Income Tax Act. The bill will be introduced and potentially tweaked based on feedback from taxpayers and experts.

3 hours ago

China moves to stall Apple, BYD manufacturing shifts

China is restricting the movement of employees and specialized equipment for high-tech manufacturing to India and Southeast Asia, aiming to prevent production shifts due to possible US tariffs under President-elect Trump. The measures target technology transfers, potentially impacting companies like Foxconn and affecting India's solar panel and electric vehicle manufacturing sectors. Beijing denies harmful actions, aiming to retain production and jobs.

3 hours ago