Hiring activity witnessed a 6 per cent year-on-year growth in March this year, supported by a rebound in economic activities and led by sectors such as banking and telecom, according to a report. However, there was a marginal dip of 2.4 per cent in hiring activity as compared to February, owing to the appraisal season, according to the Monster Employment Index (MEI). "Two years into the pandemic, it is heartening to see that the Indian economy has overcome setbacks and challenges with hiring momentum exceeding pre-COVID levels by 6 per cent this year compared to 2020," Monster.com, a Quess company, CEO Sekhar Garisa noted.
The acquisitions, costing more than $1.6 billion, have helped Holcim corner close to quarter of the country's 189 million-tonne cement market. Lafarge, which entered India in 1999 by acquiring the cement division of Tata Steel and bought out Raymond's cement facility in 2001, has a capacity of only 5.5 million tonnes. Holcim also plans to invest around Rs 10,000 crore (Rs 100 billion) in the next five years to set up plants.
CreditSights has dialed back on its language on debt levels at richest Indian Gautam Adani's group but has maintained that the group's leverage is elevated. In a new note published after discussions with the group's management, CreditSights, a Fitch group firm, said it "has discovered calculation errors" in its recent debt report on two Adani Group companies but these did not change its investment recommendations. On August 23, CreditSights stated that the Adani group was "deeply over-leveraged" and may "in the worst-case scenario" spiral into a debt trap and possibly a default.
Equity indices failed to hold on to their gains in see-saw trade on Tuesday, ending in the red for the third straight session despite a tentative recovery in global equities. The rupee too bounced back from historic lows, but the overall sentiment remained risk-averse amid concerns over economic recovery in a high interest rate scenario. The 30-share BSE Sensex had a choppy start but gained momentum in mid-session trade. However, it succumbed to selling pressure towards the fag end to close 105.82 points or 0.19 per cent lower at 54,364.85. On similar lines, the broader NSE Nifty declined 61.80 points or 0.38 per cent to finish at 16,240.05.
Ultratech Cement, TCS, Kotak Mahindra, M&M, Maruti, IndusInd Bank and Bajaj Auto were the prominent gainers. On the other hand, ICICI Bank, Nestle, Asian Paints, ONGC and ITC ended in the red.
He has had a productive first year at the RBI -- one which saw, also, India's economic imbalances improve and the unexpectedly strong general election outcome.
Virat Kohli and Rohit Sharma have a chance to cement their status as two of the best to play the 20-over format.
'The pipeline of new industrial projects is the best I've seen in the last 10 years, and it looks solid enough to sustain for at least a few quarters,' points out Naushad Forbes, adding, 'It is only when we get back to the same labour force participation we saw before Covid that the economy will have truly recovered.'
The Indian Premier League (IPL) 2021 is all set to resume on Sunday with Mumbai Indians (MI) and Chennai Super Kings (CSK) locking horns against each other.
Having two new teams for the next two editions of Indian Premier League in place of suspended Chennai Super Kings and Rajasthan Royals was among the two proposals put forward by the IPL Governing Council in its meeting.
IndusInd Bank, Kotak Bank, ICICI Bank, Sun Pharma, Bajaj Finance and Ultratech Cement were prominent gainers. NSE Nifty rose 176.65 points to 14,867.35.
'There are a number of different interests that we have in common'.
The year 2015 will be a tough year for mergers and acquisition.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Each year, Samson has played a few match-defining knocks but this time he would have to go the extra mile if the Royals want to win that elusive second title.
Tata Motors on Monday launched the country's first CNG truck in the medium and heavy commercial (M&HCV) vehicle segment in the 28- and 19-tonne nodes. Most truck makers, including Tata Motors, currently offer CNG only in the small and light commercial vehicle segments. The company also launched a fleet of seven trucks in the intermediary and light commercial vehicle (I&LCV) segment, meant for varied applications.
The upcoming Indian Premier League is not only about entertainment but it also carries a bundle of hopes for out-of-favour all-rounder Yusuf Pathan, who is eying a comeback into the national team through the T20 event.
Is it time to take a relook at our economic theories? asks Ajit Balakrishnan.
Smita has left behind a rich haul of films that showcase her enormous ability to offer us a glimpse into her soul each time she performed a role.
As part of the exercise, each family will get complete ownership of the businesses it manages while scrapping the holding company.
The visit, which is expected around April 22, is long overdue after Johnson was forced to cancel planned visits to India twice last year due to the COVID-19 pandemic.
'If Covid peaks at around 250,000 cases, I don't see the market fall much. If it becomes uncontrollable and goes up to 600,000 a day, then the market may fall.'
PowerGrid was the top laggard in the Sensex pack, shedding around 2 per cent, followed by Sun Pharma, ITC, ONGC, Bharti Airtel and Reliance Industries. On the other hand, Maruti, Nestle India, ICICI Bank and UltraTech Cement were among the gainers.
A long and bitter funding winter in the start-up world is beginning to take its toll on start-up advertising across properties. Earlier this week, Mastercard replaced Paytm as the title sponsor for all international and domestic cricket matches organised by the Board of Control for Cricket in India (BCCI). But this is just one part of the story. The other side is that organisers of high-impact shows and events on Hindi general entertainment channels, too, are feeling the winter chill.
SBI was the top loser in the Sensex pack, shedding over 1 per cent, followed by Reliance Industries, Tech Mahindra, M&M, L&T, Bharti Airtel, IndusInd Bank and HDFC. NSE Nifty slipped 31.60 points to 15,824.45.
What does Rahul Dravid need to do to be able to join NCA without carrying the blemish of perceived or potential 'conflict of interest'? Sudhir Bisht attempts an answer.
Indian golfer Anirban Lahiri gave it his all but fell short by a stroke
Virat Kohli might be the captain but his leadership is strengthened by having Mahendra Singh Dhoni close by.
It all started in Zimbabwe for Manish Pandey and the stylish batsman is back in the African nation with an aim to establish himself in India's limited overs set up during the ODI and T20 series starting on Saturday. Pandey is set to play the first ODI on Saturday at the Harare Sports Club, a venue where he made his India debut in July last year. After making 71 in his debut innings, he went on to play three ODIs in Australia including the one at Sydney where he scored a match-winning 104 to guide India to their sole win of the five-match series. Ahead of the three-match ODI series here, Pandey recalled the time last year when he realised his dream.
Birsa Munda International Hockey Stadium in Sundargarh district will be packed to the rafters during the FIH Men's Hockey World Cup.
Since January this year, Indian exporters have begun to dread the shipping news. That's because most of it would be about another lot of shipping companies deciding to avoid Indian ports on account of delays.
Kohli holds the record for most Test appearances as India Test captain (68) and he also holds the record for most Test wins by an Indian captain (40). Only Graeme Smith, Ricky Ponting, and Steve Waugh have won more matches than Kohli as captain in Test cricket.
The market capitalisation of BSE-listed companies jumped to a record high of Rs 2,40,04,664.28 crore on Tuesday, driven by a rally in stocks that also saw the benchmark Sensex touching its lifetime peak of 53,887.98 points. Rallying for the second consecutive day on Tuesday, the 30-share BSE index closed at a fresh closing peak of 53,823.36 points, a jump of 872.73 points or 1.65 per cent. During the day, it zoomed 937.35 points to 53,887.98 points.
SBI Research has projected the Indian economy to grow at 7.5 per cent in 2022-23, an upward revision of 20 basis points from its earlier estimate. As per official data, the economy grew by 8.7 per cent in FY22, net adding Rs 11.8 lakh crore in the year to Rs 147 lakh crore, the report said, adding this was however only 1.5 per cent higher than the pre-pandemic year of FY20. "Given the high inflation and the subsequent upcoming rate hikes, we believe that real GDP will incrementally increase by Rs 11.1 lakh crore in FY23. "This still translates into a real GDP growth of 7.5 per cent for FY23, up by 20 basis points over our previous forecast," SBI chief economist Soumyakanti Ghosh said in a note on Thursday.
'I didn't expect much from him when he came on set.' 'But he was just jumping and flying around and I couldn't tell that this was his first action film!'
As many as 26 premises are being searched in these cities by the federal agency under the criminal sections of the Prevention of Money Laundering Act, they said.
From December 1, fully vaccinated eligible visa holders including students and skilled workers, can come to Australia without needing to apply for a travel exemption, a statement by the Australian government said.
'Both the people have a perspective and are people of stature and people of understanding'
'A soft landing of the Indian economy would be a long-term positive for the equity markets.'
India always faces a Hobson's choice as far as feeding coal-fired generators goes - even if the government is reluctant to admit it. The country cannot do without shipping in the world's most polluting fuel from overseas. And it will continue to do so unless it decides to reduce demand by forcing citizens, farmers and businesses to live without electricity for part of the day, or use diesel generators to fire facilities.
