The scaling of the 13,000 peak by the benchmark index Sensex has lead to a spurt in the primary arkets as well with Info Edge India Ltd, owner of job portal naukri.com, receiving a massive response to its public offer.
The IPO will be sometime in the first half of next year.
Venture capital (VC) and private equity (PE) funding for Indian startups in the artificial intelligence sector has seen a dramatic decrease with deal sizes shrinking, notwithstanding the buzz around the country's potential as a major AI hub. Data from research agency Traxcn, which tracks PE/VC investments, shows that total funding for AI startups in India, which started with a bang in 2022 at $599 million, dropped sharply in 2023 to $168.4 million - a decrease of over 71 per cent.
Hiring activities witnessed a moderate increase of 3 per cent in September with most of the sectors showing positive recruitment trends after a dip in the index the previous month, according to job portal Naukri.com said.
Help came from Sanjeev Bikchandani, founder and executive vice-chairman of Info Edge, the main investor in Zomato.
In signs of sluggishness in the labour market, hiring activities declined in May as employers remained cautious tracking macro economic conditions.
The company, backed by China's Ant Group, is planning to issue fresh shares worth Rs 7,500 crore in the IPO. This will make this India's third-largest offering after Reliance Power and DLF.
Recruitment activity in India is poised to improve this year, driven by sectors such as IT and ITeS, after hiring remaining largely unchanged in December from a month earlier.
The demand for professionals working in banking and insurance and production maintenance also saw the maximum dip during October.
Sanjeev Bikhchandani is on the lookout for start-ups which have the potential to become as big as his own venture.
Sector-wise, oil & gas witnessed monthly growth of 30 per cent in hiring while insurance sector registered an increase of 25 per cent compared to September.
The experience of 99labels, a fashion e-retailing site controlled by InfoEdge -- the same company that owns India's largest job search site, Naukri.com -- is key to understanding big changes sweeping the e-commerce sector.
The loss before tax shot up 262 per cent to Rs 492 crore for the financial year ended March 2016.
Univariety offers career guidance that is rooted in the real world.
Sector-wise, IT and BFSI sectors are expected to witness the maximum number of job creation, followed by manufacturing, pharma and ITES.
'We work with a very large restaurant base, we make sure that we're doing the right thing by them, and we're helping them grow because we'll grow only when they do.'
Hiring activity particularly in the manufacturing and infrastructure sectors is expected to pick up in the third quarter of this fiscal on the back of the country's economy showing signs of recovery, a top official of online recruitment portal Naukri.com said.
India Inc's hiring activity witnessed a marginal decline in the month of April, owing to the ongoing appraisal season, but overall industries are upbeat about their hiring sentiment and 2011 is expected to be a landmark year for job creation, job portal Naukri.Com says.
Mutual funds bought FMCG, construction, auto, and IT stocks in November.
Sanjeev Bikhchandani, Founder & CEO, Info Edge (India), and B S Nagesh, CEO, Shoppers Stop, say hiring is not taking place in companies the way it was happening two to three years earlier.
Skylark Drones, a leading drone platform company that counts Tata Steel, Ultratech Cement, Softbank Energy among its customers has secured $3 million in a pre-series A funding round. It would use the funding to strengthen its product offerings and fuel international expansion.
"Gmail users can both search and apply on Naukri but if you are not registered on Naukri with a Gmail id, you can still search for jobs and view job descriptions, but can't apply," said Vibhore Sharma, senior vice-president, Product and Technology, Info Edge (India). The user may note the jobs he wishes to apply to and can then log on to his Naukri account whenever he wants to apply.
The initial public offer of Info Edge (India) Ltd, owner of job portal Naukri.com, has received an enthusiastic response from investors with the issue getting subscribed by more than five times on the second day itself.
Food delivery platform Zomato has filed preliminary papers with capital market regulator Securities and Exchange Board of India (Sebi) to raise Rs 8,250 crore through an initial share-sale.
"I must be the most risk averse person I have met. I am really scared of risks. The point is to keep de-risking at every opportunity," says Sanjeev Bikhchandani, CEO, Naukri.com.
The markets opened in the positive terrain on the back of positive Asian cues
Food delivery platform Zomato's initial public offering was oversubscribed on the opening day on Wednesday with retail investors bidding for 2.7 times the number of shares reserved for them. The offer received bids for 75.60 crore equity shares against an IPO size of 71.92 crore, stock exchange data showed. Retail investors sought 2.69 times the portion reserved for them. Against 12.95 crore shares reserved for retail individual investors, 34.88 crore shares were bid by 1700 hours.
Sanjeev Bikhchandani can smile now. First, the IPO of Info Edge, the promoter of jobs portal ww.naukri.com, was subscribed 54.77 times.
The latest update is on Zomato's fourth acquisition overseas this year.
The Naukri Job Speak Index -- which tracks monthly hiring activities online -- stood at 1,300 showing a 1 per cent growth in hiring, when compared to October 2013.
Just about 54 per cent of employers predict fresh job creation in the second half of this year whereas the same sentiment was shared by 68 per cent entities at the start of 2013, while salary hikes too are expected to be on the lower side, said the survey.
Google on Tuesday began reinstating about 250 Indian apps it had delisted from its Play Store over a billing dispute as it caved in to government criticism, but the squabble may not yet be over.
According to the report, Naukri Job Speak Index stood at 1,600 for May 2014, a stable hiring scenario compared to the previous month.
With scrutiny that comes with a public listing, Deepinder Goyal's leadership could face its sternest test yet.
The firm is on course to replace state-owned Gail India in the widely-followed index during the semi-annual review set for March.
Changes have been made in several indices including Nifty 500, Nifty 200, Nifty 100, Nifty Midcap 150, Nifty Smallcap 250 and host of sectoral indices including FMCG, IT, media, pharma, commodities and services sector.
Food delivery company Zomato's Rs 9,375-crore initial public offering (IPO) will open for subscription on July 14, said investment banking sources on Wednesday. The company initially was looking to raise Rs 7,500 crore through the offering. Investment banking sources said the issue size has been increased because of the robust demand from investors.
Shares of Zomato on Friday zoomed nearly 53 per cent in its debut trade against its issue price of Rs 76. The stock made its debut at Rs 115, reflecting a huge gain of 51.31 per cent against the issue price on the BSE. It then hit a high of Rs 138, a jump of 81.57 per cent.
Half of the nation's 100 richest saw gains rising a collective 14% to $517.5 billion, says Forbes. Forbes released 2020's top 100 richest Indians on Thursday, which included newcomers, Sanjeev Bikhchandani, co-founder of Info Edge (India), who owns popular job and property websites; siblings Nithin and Nikhil Kamath, co-founders of discount stock brokerage Zerodha Broking, and three specialty chemicals producers - Vinod Saraf, founder of Vinati Organics, Arun Bharat Ram, the patriarch of SRF, and brothers Chandrakant and Rajendra Gogri of Aarti Industries. Other newcomers included Delhi-based brothers Ramesh Kumar and Mukand Lal Dua of Relaxo Footwears, which owns affordable footwear brands; dairyman, R G Chandramogan of Hatsun Agro; Premchand Godha, who chairs IPCA Laboratories, manufacturing formulations, bulk drugs and drug intermediates; G Rajendran, founder of jewellery chain, GRT Jewellers.
Ramping up globally, the Indian restaurant search service is going as local as possible in its markets to improve its brand's stickiness.
