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    The e-commerce shopping industry is projected to generate almost 7,00,000 gig jobs in the second half of 2023
    Updated : Aug 08, 2023

    Non-metro cities & e-commerce fuelling surge in festive season temporary staff hiring

    Temporary hiring numbers are seen to be better this festive season between August and December than the last

    The company's EPS is expected to grow by 62.8 per cent, and return on equity is forecast to be 12.2 per cent in 3 years.
    Updated : Aug 07, 2023

    PB Fintech Q1 Results: Net loss narrows 94% YoY to Rs 11.9 crore, revenue jumps 39%

    PB Fintech's operating revenue grew by 31 per cent year-on-year to Rs 666 crore, with contribution margins coming in at 44 per cent. 

    Sebi said a total of 185 applications related to violations of securities regulations were resolved through settlements in FY23.
    Updated : Aug 07, 2023

    Sebi annual report: Indian companies raised Rs 9.8 lakh crore in 2022-23 from capital markets

    In its annual report, Sebi said its recovery from erring market participants for the year stood at Rs 6,031 crore, down 61.72 per cent year on year from Rs 15,756 crore.

    Tata Sons had acquired a 100 per cent stake in loss-making Air India on January 27, 2022, through its fully owned subsidiary, Talace Private Limited
    Updated : Aug 07, 2023

    Air India rebranding: Tata Group-owned airline likely to change livery colours soon

    In April 2023, an internal communication from the Chief Executive Officer (CEO) Campbell Wilson stated that Air India will unveil a whole range of new services, such as a new color scheme, cabin interiors, crew uniforms, and insignia as part of a rebranding process.

    Tech Mahindra
    Updated : Aug 07, 2023

    Tech Mahindra appoints former Infosys, CitiusTech veteran Atul Soneja as COO

    Prior to CitiusTech, Soneja held several leadership roles in Infosys and its subsidiaries, including managing multi-billion service lines across multiple industry segments like financial services, retail and manufacturing, to heading the AI and automation platform business of Edgeverve, a subsidiary of Infosys.

    Tech Mahindra
    Updated : Aug 07, 2023

    ‘Tech Mahindra to focus on deals from BFSI, healthcare, manufacturing, etc.,’ says CPO Harshvendra Soin

     Moreover, CEO designate Mohit Joshi is expected to spearhead this pivot as he was the Head of BFSI, Healthcare, and Life Sciences at Infosys.

    Zerodha
    Updated : Aug 07, 2023

    What is OmneNEST? Zerodha's backend tech that drives their business

    It is worth noting that Omnesys is a backend execution management system (EMS). It is used by a majority of Indian brokers, including Zerodha.

    Earlier, a single-member bench of the Delhi HC allowed the lessors of Go First to access and inspect the planes they had leased to the airline.
    Updated : Aug 07, 2023

    Go First crisis: Supreme Court rejects airline's plea, allows lessors to inspect their aircraft

    The CJI-bench clarified that the single judge will also decide the jurisdictional issues.

    The platform fee is levied per order, irrespective of the cart value, and applies to all users
    Updated : Aug 07, 2023

    Zomato introduces Rs 2 platform fee in select markets: All you need to know

    The platform fee is levied per order, irrespective of the cart value, and applies to all users, including those enrolled in the Zomato Gold loyalty program.

    The Adani Green stock price has declined 48 per cent on a year-to-date basis
    Updated : Aug 07, 2023

    Qatar Investment Authority may have picked stake in Adani Green Energy: Report

    At 1.30 pm, shares of Adani Green Energy were trading at Rs 982.9, down by 3 per cent, on BSE.

    Like other business forays, disruption will be the key here too for the conglomerate
    Updated : Aug 07, 2023

    Reliance moving ahead on renewable energy commitments

    Like other business forays, disruption will be the key here too for the conglomerate

    Chanda Kochar, who was appointed as the bank’s MD and CEO in December 2008, quit the post in 2018
    Updated : Aug 07, 2023

    ICICI-Videocon loan fraud: ‘Chanda Kochhar disclosed Videocon links to husband's firm only after Sebi query in 2018'

    The CBI has named the Kochhars and Venugopal Dhoot, Nupower Renewables (NRL) managed by Deepak Kochhar, Supreme Energy, Videocon International Electronics Ltd, and Videocon Industries Limited, as accused in the FIR.

    Keki Mistry appointed as strategic advisor for Cyrus Poonawalla Group's financial services arm
    Updated : Aug 07, 2023

    Keki Mistry appointed as strategic advisor for Cyrus Poonawalla Group's financial services arm

    Keki Mistry served as the CEO and Vice Chairman of HDFC from 2010 till its merger with the HDFC Bank.

    The amount of OCDs is likely to be $628 million, which is equal to the value of the 10.30 per cent stake
    Updated : Aug 07, 2023

    Vijay Shekhar Sharma used his Netherlands-based firm to buy AntFin's stake in Paytm; all you need to know

    There is, however, a catch. As the name suggests, OCDs offer Ant Holdings the option to convert their debentures into equity shares of the issuing company at a predetermined conversion price

    Indian IT companies are betting big on AI skilling of staff
    Updated : Aug 07, 2023

    TCS, Wipro, Tech Mahindra: As AI projects take centrestage, Indian IT companies bet big on employee skilling

    This trend in investment in employee skilling at IT companies comes at the back of peaked  interest in generative AI among clients in the sector.

    Paytm founder and CEO Vijay Shekhar Sharma
    Updated : Aug 07, 2023

    Vijay Shekhar Sharma returns as largest shareholder of Paytm; to buy 10.30% stake from Antfin Holdings 

    Upon the completion of the transaction, Sharma’s share in Paytm will increase to 19.42 per cent whereas Antfin’s shareholding will reduce to 13.5 per cent

    INFOSYS
    Updated : Aug 07, 2023

    Another top executive Richard Lobo quits Infosys; second exit from top brass in a week

    In his resignation letter to the CEO, Lobo noted, “I’m writing to inform you of my decision to resign from my position at Infosys. I’m grateful for the opportunities and experiences I have had during my time here.”

    Reliance Retail's future plans include scaling up its digital commerce and new commerce businesses by offering a wider catalogue and superior value.
    Updated : Aug 06, 2023

    RIL says Reliance Retail crosses a billion transaction benchmark in FY23, to ramp up FMCG biz

    In FY23 alone, it added 3,300 new stores, bringing the total count to 18,040 stores spread across 65.6 million square feet.

    Reliance Jio has committed to an investment of Rs 2 lakh crore to fulfill its ambitious pan-India 5G rollout plan.
    Updated : Aug 06, 2023

    Reliance Jio ties up $2.2 bn funding from Swedish export credit agency EKN for 5G equipment

    During FY 2022-23, Reliance and its subsidiary Jio Infocomm Limited (JIL) tied up $3 billion equivalent through syndicated term loan facilities, the conglomerate said in its annual report 2022-23 released on Sunday.

    This move comes despite Ambani opting to draw no salary during this period
    Updated : Aug 06, 2023

    Reliance seeks shareholders' nod to appoint Mukesh Ambani as head for another 5 yrs

    This move comes despite Ambani opting to draw no salary during this period, a decision he made in light of the COVID-19 pandemic's impact on the economy and business.

    RIL Chairman and MD Mukesh Ambani
    Updated : Aug 06, 2023

    Jio Financial Services to provide simple, affordable solutions: Mukesh Ambani

    Last month, Reliance demerged its financial services company Reliance Strategic Investments Ltd, and renamed it as Jio Financial Services Limited (JFSL).

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