The global capability centre (GCC) boom in India has helped women to assume leadership positions. About 25% of the women employed in the technology sector are in GCCs and the figure is expected to rise to 27% by 2027, industry data shows. Kumar Rajagopalan, vice president at staffing firm Dexian said that while the trend of appointing women to leadership positions is noteworthy, it cannot stop there.
The government initiative aims to make available 10,000 GPUs to support IndiaAI Mission, benefiting startups, researchers, students and academicians. AS Rajgopal, chief executive of NxtGen Datacenter and Cloud Technologies, one of the bidders told ET, “We have made the INDIAai bid with three hardware platforms – AMD (MI325X, MI210), Nvidia(L40S, H100, H200) and Intel Gaudi-2.”
India's software services industry, valued at $254 billion, anticipates a 10-12% increase in hiring for FY26, driven by a projected 10-15% business growth. The sector aims to add 500,000 to 750,000 jobs by March 2025, with a significant focus on fresher hiring and specialized skills. Major firms like TCS and Wipro are expanding their talent pools.
Family offices of prominent industrialists and leading private equity funds, including Warburg Pincus, Bain Capital, and others, are considering acquiring a majority stake in Haier Appliances India's operations. Talks and non-binding offers are being made to take a 51% controlling interest, with efforts to include significant Indian business families and additional financial investors.
Credit card spending in India decreased by over 16% to ₹1.70 lakh crore in November from October's high of ₹2.02 lakh crore, reflecting post-festive season consumer sentiment. Axis Bank experienced the largest drop, with a nearly 24% decline in spending.
India Inc observed a decline in the turnover of top executives in 2024, with 117 managing directors or chief executive officers exiting positions across 2,528 NSE-listed companies. This downtrend reflects the broader industry slowdown and moderated post-pandemic boom, with a notable decline in demand and business activity across various sectors.
In a market that continues to trade at high valuations, the one sector with some “valuation comfort” is banking, and that too for both private and public sector banks. However, one factor, which is cost of deposit, continues to bother banks. And the chances are that it will remain a worry for some time. Even so, it may be a good idea to stay medium-term bullish on banks. Except, of course, small finance banks or anything to do with micro finance. Check out Stock Reports Plus, powered by Refinitiv... Читать дальше...
As the market stays volatile, the chances are that you are questioning your decision to take a bullish stance. The fact is that, in an economy like India, you have to be bullish. Just do a bit of homework, so that the money invested delivers better returns. Here’s a question: Which is a better stock to own? One which, after four years, has paid a dividend last year? Or one which missed paying dividend only in FY 2020, which was the Covid year? The answer: The second one. Most investors, however, don't look at these things. Читать дальше...
Christmas 2024 offers an opportunity to spread joy and warmth with heartfelt wishes, quotes, images, and statuses for loved ones, colleagues, and friends. The article includes various message categories, including festive and religious messages, ensuring everyone feels cherished during the holiday season.
Latest reports are again suggesting that there is something severely wrong with the US retail chains as following the same path like Big Lots and Party City, recently Container Store has also filed for bankruptcy.
Recent reports have claimed that after a long 11 years of being founded, the world famous encrypted messaging service Telegram has finally started to make profit and founder Pavel Durov have recently revealed that how Telegram did it.
Latest reports are claiming that the eminent panelists from the renowned show named ‘Morning Joe’ eventually predicted the exact time when US President- elect Donald Trump and Tesla CEO Elon Musk will be having a significant fracture in their close friendship and that is pretty surprising.