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The rate of employees leaving the information technology (IT) firms continues to remain high as opportunities are growing with high digital acceptance across industries. However, the rise in attrition rate pushes such companies to hire more employees at competitive salaries, which eventually impacts their incomes. Among the brands worst hit is Tata Consultancy Services (TCS). […]
Among the 5,000 foundry units in India, Gujarat alone account for about 30 percent while notching the first spot in the turnover from the same. About 90 per cent classify into small and medium scale enterprises (SMSEs). That the foundry industry is a labour-oriented enterprise makes matters worse. It provides direct employment to 5 lakh […]
Adani Group managed Sardar Vallbhbhai Patel International Airport (SVPIA) and has completed the recarpeting work on its 3.5 km long runway in a record time of 75 days. This time scale is an all-time best among brownfield runways in India. The quantity of asphalt laid for the recarpeting was equivalent to a 200 km stretch […]
“Do not be afraid to take risks along the way. You are blessed to be entering a world which is now increasingly risk friendly. Spend the early years of your career taking the right risks and make some bold bets on yourself. Test what you like and what you dislike. Take on roles that put […]
After 17 years of its entry into India, the world’s largest cement and building materials manufacturer Holcim group is mulling over the idea of pulling out of the country. The Holcim Group is putting its stake in Ambuja Cement and ACC Ltd up for sale. The firm is learnt to be in talks with the […]
An Indian woman investment banker-turned successful entrepreneur at the age of 50. Falguni Nayar does have grit and resolve in her indomitable Gujarati spirit. Hers is a story of resilience against all perceived odds.
Singapore High Commissioner Simon Wong said on Tuesday that the Singapore Stock Exchange (SGX) will begin operations at GIFT City in collaboration with NSE from July this year. The news comes after Wong had a meeting with Gujarat Chief Minister Bhupendra Patel in Gandhinagar. The NSE IFSC-SGX Connect is an initiative taken up by the two countries to collaborate in […]
One of Singapore’s top fashion e-commerce firm Zilingo has suspended its Indian Founder and CEO Ankiti Bose, citing discrepancies in accounting. According to sources, the move follows the company’s attempt to raise funds, where the investors started questioning its finances during due diligence. Consequently, the talks with the investors have been put on hold and […]
On Monday, Adani Green Energy’s stock price soared 16.3% to a new high of Rs 2,701.6 on the BSE, putting it among the country’s top-10 most valuable businesses by market capitalization. And continuing on that momentum on Tuesday, it jumped 9.3% on BSE to touch a 52 week high of Rs 2951.90. A thousand rupees […]
The unrelenting, steadily rising prices of transport fuel in India – in some states, as much as Rs 15 over the past month – have resulted in unprecedented inflation in the country, pushing the price of daily commodities to sky-high levels. The cost inflation index for the financial year 2021-22 was 317. In February 2022, […]
At times a person is faced with a situation where he or she is in need of finance for a short time, be it fees for the children or unexpected medical emergency or a forgotten electricity bill. It may happen that your regular salary or revenue is still a few weeks or months away and […]
With less than three months to go before the nationwide ban on single-use plastic straws comes into effect, beverage makers are scrambling to come up with alternatives. The plastic straw pierced into Tetra Pak cartons has become one of the most common modes of consuming cold beverages in India and the ban will majorly impact […]
Indian billionaire Gautam Adani’s ports-to-power conglomerate looks to expand, Abu Dhabi-based International Holding Company PJSC has invested almost $2 billion in three of his companies. According to Indian media reports, Adani Enterprises Ltd, the group’s flagship company, will issue preferential shares to IHC for Rs 7,700 crore ($1.02 billion) and Adani Green Energy Ltd. and […]
The Highcourt has criticised the coercive methods used by the state tax officials and said that the recovery targets for revenue collection should not be at the expense of foreclosing the remedies which are available to assessees for challenging the correctness of a demand. The bench of Justice J B Pardiwala and Justice Nisha Thakore […]
On April 7, the Tata Group will unveil its much-anticipated super app, named ‘Neu.’ On its app as well as the Google Play Store, the company announced the inaugural date of ‘Neu,’ stating that “start your new journey with us on April 7.” With the announcement of the super app’s launch date, Tata Group hopes […]
On Tuesday, Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch appeared before a Parliamentary panel to be questioned over the Sahara case, the NSE controversy, share offers of Paytm and Patanjali’s acquisition of Ruchi Soya. Former minister of state for finance Jayant Sinha chaired the meeting of the Parliamentary standing committee on […]
National Thermal Power Corporation Limited has signed a pact to blend natural gas (PNG) from Gujarat Gas Ltd with Green Hydrogen. A first-of-its-kind project in the country, the project ensures the decarbonisation of the cooking sector and the self-sufficiency of the country’s energy needs. “With the continued focus on a clean environment, NTPC has taken […]
Jio-bp and TVS Motor Company on Tuesday announced an agreement to explore the creation of a robust public EV charging infrastructure for electric two-wheelers and three-wheelers in the country. This partnership will be building on Jio-bp’s growing network in this space. Partnership agenda: customers of TVS electric vehicles are expected to get access to the […]
Demand for branded basmati rice, cooking oil, and poultry chicken fell by about 15% in March compared to the same month last year. This rise in prices attributes to high costs and inflationary pressure. As a result of Russia’s invasion of Ukraine, which began in the last week of February, global commodity prices have risen […]
The Competition Commission of India (CCI) has ordered an investigation against top food delivery platforms, Zomato and Swiggy. CCI ordered the probe over the illegal and unfair business practices regarding their dealings with restaurant partners. The Director-General of CCI will investigate the issue within 60 days. In July 2021, the National Restaurant Association of India […]
