The July-September quarter (Q2) results for 2024-25 (FY25) from the largest listed consumer electrical solutions companies, Havells India and Polycab India, followed similar trends, demonstrating robust revenue growth while falling short of profitability expectations. Both companies witnessed overall growth in the 16-30 per cent range, but margins declined by 130-290 basis points (bps) year-on-year (Y-o-Y). Although brokerages are bullish on long-term prospects and have raised revenue projections, earnings forecasts have been revised downward due to margin pressures.
Out of 24,230 IIT and NIT grads, about 8,000 students didn't find any takers during campus placement drives this year.
As many as 458 infrastructure projects, each entailing an investment of Rs 150 crore or above, were hit by a cost overrun of more than Rs 5.71 lakh crore in May this year, according to an official report. According to the Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth Rs 150 crore and above, out of 1,817 projects, 458 reported cost overruns and 831 projects were delayed.
Dharashiv, earlier Osmanabad, is among the eight districts that comprise the state's Marathwada region, where activist Manoj Jarange has led an agitation demanding reservation for Marathas in education and government jobs.
An amendment to the Indian Immigration Act governing the conduct of manpower agents is now waiting for the mandatory clearance from the union cabinet, Minister for Overseas Indian Affairs Vayalar Ravi said in Dubai on Tuesday. Of the 56 complaints received so far this year, 13 licences were cancelled while 27 were suspended. Twenty-eight licences of recruiting agents were cancelled in 2006 and 65 were suspended.
Retirement fund body EPFO recorded a net addition of 19.94 lakh members in July this year, the labour ministry said on Monday. Union Labour Minister Mansukh Mandaviya said at a press conference that 10.52 lakh new or first-time workers subscribed to social security schemes run by Employees' Provident Fund Organisation (EPFO). The minister said almost 20 lakh net new members addition (19.94 lakh) was recorded in July this year.
The I-T department will rely on data analytical tools and run models to separate black money holders and genuine taxpayers based on the large data base being shared by banks.
While the number is a minuscule compared with the emigration of close to 75,000 people from the state every year, the company is making efforts to enhance this by tying up with more overseas employers and their representatives.
A cultural programme was organised to entertain the villagers with the BSF jazz band, where village headmen and local civil administration took part.
'This doesn't mean that Mumbai will be handed over to the army'
'Domestic investors are opening up to the idea of high-growth Internet companies as a pool of value creation.' 'They like the execution that they see with Zepto, and for us, that is the most important factor.'
However, the Redmond-based company suggested that imparting practical training could help overcome the dearth in availability of trained manpower.
'In the case of a road accident, prevention is the only answer.' 'There's no cure to death or disability when the accident happens, and when it's due to reckless or negligent driving, it's worse because it's avoidable.'
The good news is that salary hikes are expected, though it is uncertain when they will be implemented.
In addition to that, 68 people still remain missing, with 100 more sustaining injuries in the disaster.
Moreover, the implementation of the Sixth Pay Commission -- which has raised the pay packets of government employees almost at par with their private sector counterparts -- has increased the attraction for public sector jobs. In the wake of the economic downturn, industry experts feel there has been a shift towards public sector employment.
'People's expectations were very high.' 'We felt both sides had understood each other.' 'But the removal of Article 370 triggered apprehensions within the Naga people.'
He made the announcement after Maharashtra minister and member of Maratha quota sub-committee Shambhuraj Desai, Shiv Sena MP Sandipan Bhumre met him at his native Antarwali Sarati village in Jalna district and discussed the issue.
Undeterred by the growing pressure from the United States, the Centre on Wednesday said it would develop India as a 'global hub' to enable the country become a 'great IT nation.'
The death toll of Indians killed in the massive fire in Kuwait has risen to 46 with one more person succumbing to injuries as authorities said that an electrical short circuit in the room of the guard on the ground floor of the building caused the blaze that killed 50 people.
The incident, which came months after the lynching of dairy farmer Pehlu Khan by suspected cow vigilantes in Alwar, has triggered an outrage.
'We don't have to go abroad for anything.' 'Anyone who thinks we have a lot to learn from the US needs to have his head examined.' 'We are in a new era.'
'Everything about farming is enjoyable and relaxing.'
'As the city grows, so do its fire incidents.'
Following the conflict, Israel has banned the entry of Palestinian workers. The departure of several thousand other foreign workers, the Israeli construction industry has been facing a deep crisis.
Over 6,900 corruption cases probed by the Central Bureau of Investigation were pending trials in different courts, 361 for more than 20 years, according to the latest annual report of the Central Vigilance Commission (CVC). Besides, as many as 658 corruption cases were pending CBI investigation, 48 for more than five years.
The review plea filed on May 10 said, "There are mistakes and errors apparent on the face of the impugned order..., and as such there are sufficient reasons which require review of the impugned order/judgment..."
While praising the internship scheme announced in the Budget, India Inc wants clarity on how it will be implemented. The scheme is expected to help companies address the skill gap in employment. Dheeraj Hinduja, chairman, auto major Ashok Leyland, said: "We had started an internship programme at our plant in Pantnagar, which we established in 2010 with colleges there.
Crisis-hit SpiceJet plans to hand out pink slips to at least 1,000 employees in the coming days as the airline works to significantly reduce costs and streamline operations of its depleted aircraft fleet, officials said on Monday. Faced with financial woes, legal battles and other headwinds, the no-frills carrier might ask more staff to leave as there is excess manpower now compared to the number of planes in service. A final decision on the quantum of layoffs is expected this week, one of the officials in the know said.
The police want to trace the youths as well as a minor seen in the viral video, it said in court.
Heavy machinery was deployed to divert the flow of the water in the affected streams towards fields, an official told PTI.
State Bank of India (SBI) is planning to recruit over 15,000 people in 2024-25, increasing the strength of those in the field for marketing. The recruits will be also for deployment in the bank's operations subsidiary and expanding the branch network. The operations subsidiary - State Bank Operations Support Services - became functional last year.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
'India has a skill shortage of 56%.' 'This is a very interesting paradox -- the unemployment rate is 6% to 7%, and at the same time 20% of those qualified are unemployed.'
Global consumer preferences can be influenced through music, films, literature, yoga and sports because they create interest and a sense of familiarity that can help our businesses to access foreign markets, suggests T N C Rajagopalan.
The plan to relieve NSG from VIP security tasks has been in the making since 2012 when NSG commanders foresaw an event where simultaneous terror attacks could be witnessed at one time on multiple centres in the country and the commandos will have to be rushed in different directions.
India needs to grow at an annual rate of 9-10 per cent for around three decades and constant innovations to become a $35 trillion economy by 2047, India's G-20 Sherpa and former NITI Aayog CEO Amitabh Kant said on Sunday. "We are the fifth largest economy in the world and by 2027 we will surpass Japan and Germany to become the third largest economy in the world. "And our aim is that by the time we turn 100 in 2047, India should be a $35 trillion economy," Kant said while addressing a session at Mumbai Tech Week (MTW) hosted by Tech Entrepreneurs Association Mumbai (TEAM).
A 24-year-old Indian man who went to Canada in 2022 to pursue higher education was shot dead in his car in Vancouver city, police said on Sunday.
The federal contingency force has committed a total of 112 teams for deployment in five states and the Union Territory of Andaman and Nicobar Islands which are expected to be affected by the cyclone developing in the Bay of Bengal.
