Page 2 - Business Services

Biz services provider Quess Corp profit falls 29% to Rs 48 crore in Q1

Leading business services provider Quess Corp has reported a 29.41 per cent decline in profit after tax at Rs 48 crore for the June quarter. The company's profit after tax stood at Rs 68 crore in the corresponding quarter of the previous financial year, a company release said. It reported a revenue of Rs 4,600 crore in the first quarter of the current fiscal compared to Rs 3,979 crore in the same period of the previous financial year. "We are pleased to report revenues of Rs 4,600 crore, up 16 per cent year-on-year backed by 15,000+ headcount, totaling up to an overall headcount of 5.25 lakh," Quess Corp Executive Director & Group Chief Executive Officer Guruprasad Srinivasan said. "Around 35 per cent of the associates who joined us in Q1 entered the formal workforce for the first time. We acquired 183 new customers, setting us up for growth over the next few quarters," Srinivasan said. Further, he said in product-led businesses, investment continues in people, technology and ...

Updated On : 03 Aug 2023 | 6:19 PM IST

Grameen Foundation urges to increase renumeration for Biz Correspondents

Social impact organisation Grameen Foundation India on Wednesday made a case for increasing and diversifying revenue or remuneration for business correspondents (BC) agents in India. The Grameen Foundation India (GFI) presented four reports based on their previous work and future recommendations for the industry. Under the report 'Assisted E-commerce and ONDC: A New Revenue Source for BC Agents in India', it highlighted the need for increasing and diversifying the revenue of BC agents in India, who provide financial services to underserved rural populations. Under the 'Gender Mainstreaming in Business Correspondent Network - Grameen's I-CARE Framework', it said that I-CARE Framework will help to develop and share valuable insights on gender mainstreaming within BC networks for organisations working on financial inclusion. Similarly, another report titled 'Women-Friendly Micro-Saving Products' focused on the innovative micro savings products geared towards women and how they can hel

Updated On : 19 Apr 2023 | 8:01 PM IST

India improves its ranking by 6 spots in global biz environment rankings

Out of 17 economies in the Asian region, India is ranked 10th in the 2023- 27 forecast period, up from 14th in 2018-22 period

Updated On : 13 Apr 2023 | 11:32 PM IST

30 GLORIOUS YEARS OF BUSINESS EXCELLENCE

Updated On : 30 Mar 2023 | 10:46 AM IST

AI content platform Writesonic's biz grows five-fold so far this fiscal

Artificial intelligence content platform Writesonic's business jumped five-fold this fiscal so far, mainly due to faster content generation, according to a top company official. Writesonic is one of the leading artificial intelligence review platforms and news sites. It is developed by India-born Samanyou Garg. The platform is designed to simplify content creation and enhance communication. "Writesonic has grown with a user base of 10 times in the last 3 months. Writesonic's business has grown more than 15 times since the seed funding in September 2021. It has generated over 200 million pieces of content, equivalent to more than 25 billion words and (business) has grown at 500 per cent from April 1, 2022, to February 28, 2023," Garg said in a statement. ChatSonic (Writesonic's AI chatbot platform) for businesses will soon be launched, wherein any business can create a custom chatbot on their data, he added. ChatSonics Chrome extension is poised to transform how artificial intellig

Updated On : 10 Mar 2023 | 5:45 PM IST

$3.1 mn spent on privacy last year by businesses in India: Report

The average privacy spending by businesses in India was $3.1 million in 2022 and $2.4 million in 2021, a new report said on Monday

Updated On : 30 Jan 2023 | 5:24 PM IST

Twitter announces 'Blue for Business' to help distinguish biz on platform

Associated profiles will receive a little badge of their parent company's profile picture next to their blue or gold checkmark

Updated On : 20 Dec 2022 | 10:55 AM IST

Indian IT, business services market grew 7.4% in first half of 2022: Study

The IT and business services market in the country was valued at $7.15 billion between January and June 2022, according to IDC

Updated On : 15 Nov 2022 | 6:38 PM IST

Active companies in India close to 15,00,000, registrations fall in Sept

The Finance sector showed a small rise of 0.9 per cent in the number of active companies

Updated On : 11 Nov 2022 | 12:14 AM IST

InsurTech models to help Indian insurance mkt hit $222 bn by FY26: Redseer

New online distribution models such as B2C, B2B and B2B2C are key drivers of growth, with B2C in particular, gaining significant opportunities.

Updated On : 10 Jun 2022 | 4:20 PM IST

Dentsu World Services now certified as 'Great Place to Work'

Awarded by Great Place To Work Institute (India) for the year 2022-2023

Updated On : 10 May 2022 | 9:50 PM IST

513 students get 662 offers at Indian Institute of Management Bangalore

The Lateral and Final Placements for the PGP and PGPBA Class of 2020-22 of the Indian Institute of Management Bangalore (IIMB) saw 662 offers, leading to all 513 students who appeared for placements being placed. Harsh Agrawal, Placement Representative, said: "Overall, there has been a 37 per cent increase in the number of offers YoY, driven primarily by Consulting and Product Management roles. Strategy Consulting continued to be the most sought-after role among the students, followed by Product Management and Finance. Consulting companies made 248 offers led by Accenture with 51 offers, followed by Boston Consulting Group with 30 offers, an IIMB statement said on Wednesday. Top recruiters included Kearney (27), Bain & Company (26) and McKinsey & Company (22). Prominent recruiters in the Information Technology and Product Management domain, who made 141 offers, are Microsoft (15) and OYO (11). The 65 offers made in the E-commerce space included Amazon (37) and Paytm ...