Ecom Express plans a $170 million rights issue with existing investors. Revenue grew 20% in FY23 despite widening losses. The company postponed a public listing like Delhivery and Xpressbees. Serving Meesho, Ecom Express ventures into quick-commerce sector.
A former human-resources executive at Foxconn India said the company's executives verbally convey the recruitment rules to its Indian hiring agencies, which Foxconn tasks with scouting for candidates, bringing them in for interviews and employing them.
Ramani Dathi says there is no major uptick as far as demand for IT pros is concerned. There are a few set of clients, especially the GCCs and to some extent, who are able to maintain the current run rate of revenues and headcounts for Teamlease, but to show a massive growth or a double-digit growth, the IT services hiring has to be back on track.
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The appeal involves the juvenile's detention in an observation home, lenient bail conditions, tampering with blood samples, and the involvement of bar establishments under the JJ Act.
The Madhya Pradesh cabinet, led by Chief Minister Mohan Yadav, announced on Tuesday that state ministers will now be responsible for paying their own Income Tax, overturning a rule from 1972 where the state government covered this expense. Minister Kailash Vijayvargiya mentioned that Chief Minister Yadav proposed the idea during the cabinet meeting, which was subsequently agreed upon, leading to the decision for ministers to handle their own Income Tax payments.
Japan's Nikkei share average rose on Tuesday to its highest close in more than two months, as investors shifted focus to value stocks from semiconductor and other high-tech, while a weaker yen also lent support to export-related shares.
Banking gauge Nifty Bank also hit its lifetime high of 52,669.30, taking a 2% or 965 points intraday lead.
A day after West Bengal Chief Minister Mamata Banerjee expressed strong displeasure over the encroachment of footpaths in Kolkata and its neighbouring Salt Lake area, police on Tuesday started an eviction drive to remove all obstacles. Hawkers, who had set up stalls to sell food items, garments, and various products across the city and Salt Lake, were told to remove their structures, a police officer said.
The NCP (SP) has urged the Election Commission to remove or exclude symbols like "Trumpet/Tutari" which it finds similar to its official "man playing turha" symbol. It claimed that such phonetically similar symbols have misled voters and disadvantaged the party in recent elections. It emphasising the need for a fair electoral process to avoid confusion and ensure transparent polls in Maharashtra.
Mirae Asset Mutual Fund has introduced the Mirae Asset Nifty EV and New Age Automotive ETF, an open-ended scheme that mirrors the Nifty EV and New Age Automotive Total Return Index.
Mahabalipuram, kodaikanal, yelagiri hills and more monsoon getaway destinations from chennai.
The NHRC on Tuesday said it has issued notices to the Tamil Nadu government and police chief in connection with the hooch tragedy in Kallakurichi district and sought a report in a week. The death toll in the Kallakurichi hooch tragedy climbed to 58 on Monday. As many as 219 people have been admitted to various hospitals.
NPS exit: Many people who have not saved enough for retirement income in NPS they need to know about the options they have at the time of exit at the age of 60. By exploring deferment, continuance, and systematic withdrawal options, individuals can optimize their NPS corpus for long-term financial security and flexibility. A delay in exit can not only save taxes but can help you build big retirement kitty and hence higher pension.
Just as Indian stock markets are trading near record highs, Hyundai expects the listing of the equity shares in India "will enhance our visibility and brand image", and "provide liquidity and a public market" for the shares.
Venture fund Omnivore and family office of Ambuja Cements founder Narotam Sekhsaria lead funding round. The funds will be utilised to enhance Sid's Farm market presence in Bengaluru and Hyderabad. The firm claims serving over 25,000 customers across these two states.
In May, Russian seaborne fuel oil and VGO exports peaked at 4 million metric tons, with India and China as top destinations. The surge followed the European Union's embargo on Russian oil products, redirecting supplies to Asia. Notably, ship-to-ship loadings near Greece and Malta facilitated the transfer of cargoes destined for Asia.
Afghanistan's skipper Rashid Khan sees their first T20 World Cup semifinal qualification as a historic achievement that will inspire the nation's youth, following victories over New Zealand and Australia. The team's progress in white-ball cricket, led by coach Jonathan Trott, has instilled self-belief. Despite facing unbeaten South Africa in the semifinal, Rashid remains confident in their abilities and draws inspiration from Nepal's spirited performance.
India's football federation has sacked coach Igor Stimac after World Cup qualifying failure, citing his alleged use of an astrologer in player selections. Stimac, who led India since 2019, faced criticism from the federation for his final remarks, which they deemed damaging. Despite briefly entering FIFA's top 100 during his tenure, controversies, including claims of astrological influence in team decisions, marred his leadership.
The Delhi High Court stayed a trial court's bail grant to Delhi CM Arvind Kejriwal, arrested by the ED in a money laundering probe. The ED opposed his bail, alleging the trial judge overlooked critical evidence. The Supreme Court adjourned Kejriwal's plea against the HC's interim stay on bail to June 26, noting the unusual delay in the matter's resolution.
Jet Airways founder Naresh Goyal, facing charges in a money laundering case, seeks extension of medical bail after his wife's passing. Mumbai High Court to review plea citing poor health. Goyal's legal team to present application before the same judge who granted initial bail. Wife Anita Goyal previously arrested.
The 52-year-old Australian national was lodged at Belmarsh high-security prison in London since 2019 when he was taken into custody from the Ecuadorian Embassy, where he had sought asylum.
BSP president Mayawati criticised the BJP and Congress governments, accusing them of making the Constitution casteist, communal, and capitalistic through various amendments. She stated that they have strayed from the egalitarian and secular principles of Dr BR Ambedkar, and failed to implement the Mandal Commission report for OBC reservation benefits. She deemed their actions as inappropriate political manipulation of the Constitution.