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India Inc’s hiring activity recorded a 16% year-on-year growth in March amid removal of restrictions and a pick-up in bu...
04/07/2022

India Inc’s hiring activity recorded a 16% year-on-year growth in March amid removal of restrictions and a pick-up in business momentum prompting employers to strengthen their search for manpower, according to latest data from online job portal Naukri.com.

The Naukri JobSpeak Index for March stood at 2832 at the end of the financial year reflecting the steady growth of hiring activity in India.

Read more at:
https://economictimes.indiatimes.com/jobs/hiring-activity-in-india-grows-16-y-o-y-in-march-naukri-jobspeak/articleshow/90658791.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Apart from travel & hospitality (82%), that has seen consistent growth since the travel restrictions have been relaxed, other key sectors that observed an uptick in hiring trends compared with last year are education (+44%), real estate (+30%), retail (+28%), BFSI (+22%), IT-software (+14%), and FMC...

Cryptocurrency exchanges under stress as liquidity providers take a step back due to TDS
04/07/2022

Cryptocurrency exchanges under stress as liquidity providers take a step back due to TDS

Till March, liquidity providers helped exchanges with float or the difference between buying and selling price for concluding a transaction.

IDFC Mutual Fund is set to be acquired by a consortium comprising Bandhan Financial Holdings Limited, GIC and ChrysCapit...
04/07/2022

IDFC Mutual Fund is set to be acquired by a consortium comprising Bandhan Financial Holdings Limited, GIC and ChrysCapital for Rs 4,500 crore. IDFC Mutual Fund sent a communication to all its investors about the big news. Many investors are wondering if things are going to change at the fund house.

The agreement between Bandhan Group and IDFC MF envisages continuity of the current management team and investment processes at IDFC AMC. The mutual fund house says that the two entities wil ..

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IDFC Mutual Fund is set to be acquired by a consortium comprising Bandhan Financial Holdings Limited, GIC and ChrysCapital for Rs 4,500 crore.

A Turkish court ruled Thursday to suspend the trial in absentia of 26 Saudis accused in the gruesome killing of Washingt...
04/07/2022

A Turkish court ruled Thursday to suspend the trial in absentia of 26 Saudis accused in the gruesome killing of Washington Post columnist Jamal Khashoggi and for the case to be transferred to Saudi Arabia.

The decision comes despite warnings from human rights groups that turning the case over to the kingdom would lead to a cover up of the killing which has cast suspicion on Saudi Crown Prince Mohammed bin Salman.

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It also comes as Turkey, which is in the throes of an economic downturn, has been trying to repair its troubled relationship with Saudi Arabia and an array of other countries in its region. Some media reports have claimed that Riyadh has made improved relations conditional on Turkey dropping the cas...

Activity in India's services sector rose to a three-month high in March, aided by easing of Covid-related restrictions, ...
04/07/2022

Activity in India's services sector rose to a three-month high in March, aided by easing of Covid-related restrictions, even as business confidence remained subdued due to inflation concerns that were reaccelerated by the Russia-Ukraine conflict, a private survey showed on Wednesday.

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The S&P Global Purchasing Managers' Index (PMI) for services rose to 53.6 in March from 51.8 in February, with companies recording the fastest growth in sales and business activity so far in calendar year 2022. A reading above 50 in the index shows expansion and below that contraction.

Congress president Sonia Gandhi on Tuesday appealed for unity in the trouble-torn party, even as she said the path ahead...
04/07/2022

Congress president Sonia Gandhi on Tuesday appealed for unity in the trouble-torn party, even as she said the path ahead would be more challenging. Gandhi's statement at the Congress Parliamentary Party's general body meeting reflected the leadership's concern after change-seekers upped the ante after another round of electoral rout for the party.

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​​"The road ahead is more challenging than ever before... Unity at all levels of our vast organisation is of paramount importance," she said.

NEW DELHI: A 4 per cent drop in Titan Company's jewellery segment sales in the March quarter did not go down well with t...
04/07/2022

NEW DELHI: A 4 per cent drop in Titan Company's jewellery segment sales in the March quarter did not go down well with the market, as the scrip declined 2 per cent in early trade on Thursday. But many analysts have maintained their price targets on the Tata group stock, calling the subdued quarterly sales a one-off event.

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"We expect demand recovery as gold price stabilises, though there is a 2-3 per cent downside risk to our FY23-FY24 jewellery sales and a 4-5 per cent risk to our FY23-24 earnings estimates. We view Q4 as a blip in a promising story," Kotak Securities said. The stock was down 2 per cent in early trad...

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