Corporate

Corporate India note strongest hiring outlook globally for Jan-Mar: Survey

Employers in India reported the strongest employment outlook for the January-March period next year, with 40 per cent corporates aiming to increase their staffing levels over the next three months, the latest ManpowerGroup Employment Outlook Survey said on Tuesday. The survey, which gathered data from more than 3,000 employers across various regions of India, revealed that 53 per cent of employers plan to hire, while 13 per cent anticipate a decrease in their staffing levels in the the first quarter of the 2025 calendar year and 31 per cent do not expect any change. The net employment outlook (NEO) -- calculated by subtracting the percentage of employers who anticipate reductions in staffing levels from those who plan to hire -- after seasonal adjustment stood at 40 per cent, strengthened 3 percentage points from both last quarter and year-on-year. "India remains one of the world's fastest-growing large economies, with its position as the global leader in employment outlook for Q1 .

Investors pump over Rs 11K crore in corporate bond funds in 3 months

Experts cite better risk-reward for investors with 3-year horizon

Q2 results review: Corporate earnings decline, a first in two years

Net sales growth weakest in a year, too; BFSI sector emerges an outlier

Corporate India expected to maintain 9.5% salary increase in 2025: Survey

Corporate India is expected to offer a salary hike of 9.5 per cent in 2025, similar to the 2024 actual salary increase, as companies are balancing optimism with caution, a report said on Tuesday. According to WTW's latest Salary Budget Planning Report, the median salary increase in India is forecasted to rise by 9.5 per cent in 2025, similar to the 2024 actual salary increase of 9.5 per cent. Salary increases in India continue to be the highest across the region. Markets such as Vietnam (7.6 per cent), Indonesia (6.5 per cent), the Philippines (5.6 per cent), China (5 per cent) and Thailand (5 per cent) are also projected to maintain a strong salary increase for next year. The Salary Budget Planning Report is compiled by WTW's Rewards Data Intelligence practice. The survey was conducted in April and June 2024. Approximately 32,000 responses were received from companies across 168 countries worldwide. The survey had 709 participants from India. "While companies in India are optimist

Amazon Business reports over 134% growth on Corporate Gifting Store

Products such as mixer grinders, juicers, thermal drinkware, headphones, chocolates and dry fruits were among the most corporate gifting items on the e-commerce firm's business-to-business marketplace

Nearly 50,000 internship opportunities posted on portal: MCA officials

The Ministry of Corporate Affairs would make the portal open for candidates to apply from October 12th to October 25th

Going beyond work life balance

Women's corporate gains slow, true leadership parity decades away: Report

While companies have improved hiring practices and support for employees balancing work and home, advancement rates for women, especially women of colour, continue to lag behind

Suzlon Energy sells corporate HQ in Rs 440 crore sale-leaseback deal

Company says move to help focus on core operations

Working capital cycle shortest in 25 years at 47.8 days, shows data

If the current trend holds, this would mark the shortest net working capital cycle in at least a quarter-century

Starbucks CEO to travel 1,600 kms to work by corporate jet

magicpin Co-founder Brij Bhushan joins Prime Ventures as full-time partner

Hyperlocal e-commerce firm magicpin Co-Founder and former chief operating officer Brij Bhushan has joined Prime Venture Partners as a full-time partner, the early-stage venture capital firm said on Friday. In this role, Bhushan will be a key member of the Investment team and will contribute to all aspects of the firm's investment, portfolio management and fundraising, Prime VP said in a statement. "Brij Bhushan brings a unique combination of strategic thinking, execution excellence, and a long-term mindset essential for company building. We believe he is a perfect addition to our leadership team," Prime Venture Partners (Prime VP), Managing Partner, Amit Somani said. Bhushan co-founded magicpin where he was instrumental in magicpin's growth, raising over USD 100 million from investors including Lightspeed, Zomato and Waterbridge. An alumnus of IIM Bangalore, Bhushan previously worked in venture capital as Vice President at Nexus Venture Partners before co-founding magicpin. He has

Only 16% corporations believe graduates are industry-ready: Report

Even as 70 per cent of academic institutions believe their graduates are well-equipped for the corporate world, only 16 per cent of companies believe in the same, which showcases an existing gap between university curricula and industry expectations, a report said on Wednesday. "There is a significant gap in perception regarding the industry readiness of graduates. While 70 per cent of academic institutions believe their graduates are well-equipped for the corporate world from day one, only 16 per cent of companies share this view. This disparity highlights a persistent challenge in aligning academic curricula with industry expectations," AI-powered recruitment automation firm HirePro's report 'Momentum 2024: The New Reality in College Hiring'. The 'Momentum 2024: The New Reality in College Hiring' report is based on inputs from over 20,000 candidates, over 350 colleges, and over 200 corporates, along with interviews with over 100 campus talent recruiters. The report also revealed a

Accounting standards for banking, insurance sectors soon: MCA secretary

Govil said that discussions are going on with the Reserve Bank of India around accounting standards for the banking industry and they may come out soon

Payback time: India Inc cut back on dividends in FY24 despite record profit

A cut in dividend payout last financial year came after three years of high double-digit growth, mirroring the boom in corporate profits in the post-pandemic period

Govt must ensure corp takeovers are fair, monopolies not created: Cong

The Congress on Saturday said it is the government's responsibility to ensure that competition among corporates is not stifled, oligopolies or monopolies do not emerge and corporate takeovers are free and fair. It is also the government's responsibility to ensure that undue advantage arising out of access to political power is not exercised, party general secretary Jairam Ramesh said. His comments came after the Adani Group acquired Penna Cements while strengthening its share in the cement sector in southern India. "Aap chronology samajhiye (understand the chronology): September 2022: Adani acquires Ambuja Cements and ACC, to become country's second largest cement player. August 2023: Adani acquires Sanghi Industries, India's largest single-location cement unit. June 2024: Adani acquires Penna Cements, giving it substantial market share even in the last remaining region of South India." he said. "Upcoming: Adani is exploring the acquisition of Saurashtra Cement, Vadraj Cement, and

Lok Sabha elections: Corporate India steps up to make every vote count

From offering free rides and paid leaves to launching ad campaigns, companies are going all out to encourage voting

Govt may look at enhanced KYC requirements for certain class of corporates

The government might look at enhancing the scrutiny of certain class of corporates, including in terms of KYC requirements, as efforts continue to weed out unscrupulous elements and curb possible misdoings, according to a senior official. The matters related to KYC (Know Your Customer), including a simplified and uniform system, are still under discussion, and a committee headed by the finance secretary is looking into various aspects. The senior official on Monday said that various aspects related to having a uniform KYC are being discussed and in the case of the corporate affairs ministry, Permanent Account Number (PAN) is being used for KYC requirements. The ministry is implementing the companies law and Limited Liability Partnership (LLP) Act, among other legislations. Further, the official said enhanced KYC requirements might be explored for certain class of corporates. As many as 26,28,865 companies were registered in the country as on January 31, 2024, and out of the total,

Amazon to ONGC, military veterans hired to lead corporate crack teams

Retired officers tasked with getting cybersecurity to operations units combat ready

Chennai sees record office space demand in 2023; leasing up 61%: CBRE

Chennai has achieved an all-time high demand for office space in 2023 calendar year at 10 million square feet on better demand from corporates, according to CBRE. Real estate consultant CBRE on Thursday said that the leasing of office space in Chennai grew 61 per cent to 10 million square feet in 2023 as against 6.2 million square feet in the previous year. Overall, the office market across nine major cities witnessed a gross absorption of 61.6 million square feet during 2023, registering a growth of 7 per cent from 57.8 million square feet in the previous year. This marked a 4-year high leasing activity after it touched the peak in 2019 with 65 million square feet. BFSI (Banking, Financial Services and Insurance) firms led leasing activity with 22 per cent share in 2023, followed by technology companies (21 per cent), engineering & manufacturing companies (15 per cent), and flexible space operators (14 per cent), the consultant highlighted. "In 2023, the global economy, while ...