TeamLease

As per National Stock Exchange (NSE) bulk deal data, Goldman Sachs Funds - Goldman Sachs India Equity Portfolio sold 1,67,802 shares at Rs 1,865 per share and 89,314 shares at Rs 1,960 per share

The staffing services provider's consolidated net profit fell to Rs 28.43 crore ($3.29 million) for the three months ended Dec. 31, from Rs 31 crore a year ago

Staffing company TeamLease Services on Wednesday reported a 10.12 per cent decline in consolidated net profit to Rs 24.85 crore for the quarter ending September 2024. The company's net profit stood at Rs 27.65 crore during the corresponding period of the previous financial year, TeamLease Services said in a regulatory filing. Its revenue from operations rose 23 per cent to Rs 2,796.83 crore in the quarter under review compared to Rs 2,272.60 crore a year ago. "We have crossed 3.5 lakh billable headcount in our employment cluster owing to strong growth across sectors. Profit expansion is the key focus area this year, and we are confident of maintaining strong double-digit growth in the sequential profits. "Our planned investments in Hiretech and Hrtech solutions, through organic and inorganic routes, will give us enhanced capabilities in the coming quarters," TeamLease Services Managing Director Ashok Reddy said. The company's shares on Wednesday closed at Rs 2,841.35, up 5.36 per

Bengaluru remains the top hub for GCCs, while Hyderabad leads in high-tech, driving the nation's digital transformation

The expansion plan is poised to transform the logistics sector, which is currently experiencing a 12 per cent annual growth rate, said the study

Revenue from its specialised IT staffing services business climbed 3.6 per cent, whereas that from its general staffing business rose 20 per cent

TeamLease Degree Apprenticeship (TLDA) on Monday said it has joined hands with global professional services and solutions firm Genpact under which the latter will employ over 5,000 graduate apprentices through the Ministry of Education apprenticeship programme. Apprenticeships have emerged as indispensable talent supply chain interventions across various industries, specifically in the last 4-5 years. However, the skill deficit of 3.85 million is a looming threat that IT and BPM businesses must address as a matter of importance, TeamLease Degree Apprenticeship Vice-President Dhriti Prasanna Mahanta said in a statement. "In collaboration with Genpact, who will employ 5,000 graduate apprentices, we are committed to bridging the skill gap that will provide aspiring professionals with practical, hands-on training and supervision, ensuring they flourish in a tough environment and build successful careers," he added.

The TeamLease report highlights a significant gender disparity, with an estimated 2.05 million women compared to 3.61 million men in the tech industry as of 2024

Auto, electronics sectors have become gender-agnostic in apprentices' recruitment for the shop floor: TeamLease

Demand will be for data scientists, developers and cybersecurity specialists, it says

The study carries insights from 6,313 educators, including primary school teachers, high school instructors, college professors, and educational professionals across the country

Under the collaboration, the institutions will provide the option of Work-linked Hybrid Degree Programs to every student who aspires to graduate from IIT Patna

"The demand for salespeople (selling personal, home, agriculture and other loans) is huge," said CEO for staffing at TeamLease

The study underlined India's pledge to reach a 500 GW clean energy goal by 2030 that has resulted in an 81 per cent YoY surge in demand for green jobs in January 2023

The anticipated boom in apprentice recruitment can be attributed to the auto sector's robust performance, which is influenced by macroeconomic factors and positive industry sentiments

The second half of the ongoing calendar year is expected to see an addition of about 50,000 temporary jobs in the banking, financial services and insurance (BFSI) sectors ahead of the festive season, according to a report by staffing company TeamLease Services. The BFSI sector is already witnessing a remarkable surge in credit card sales, personal finance, retail insurance, driven by increased consumer spending and confidence in the economy, according to the report. "This increased activity is anticipated to generate about 50,000 temporary jobs in the second half of 2023, as BFSI firms are set to increase their workforce to meet the surge in finance products," it added. The TeamLease analysis is based on current market demand, industry job openings and the larger market or industry sentiment. From the BFSI sector's perspective, the demand for temporary workers during the festive season has shown a consistent rise not only in tier-I cities like Ahmedabad, Pune, Bengaluru and Kolkata

Hiring intent for all categories of jobseekers increased to 73%: TeamLease

The upcoming festive season is expected to push demand on e-commerce platforms which will boost their need for gig workers like delivery and warehousing partners

The company, which hires and trains people in various skills before supporting their placements, said consolidated net profit fell 0.5% to 264 million rupees ($3.22 million) in the April-June quarter