Jobs World

New Delhi: Six of the 10 most valued domestic firms witnessed a combined erosion of Rs 96,642.51 crore in their market valuation last week, with Reliance Industries Limited taking the biggest hit. Last week, the 30-share BSE benchmark dipped 388.96 points or 0.73 per cent. While Reliance Industries, Tata Consultancy Services, HDFC Bank, Hindustan Unilever Limited,...

For a father, buying a gift for a daughter who has just entered her teens is a dicey proposition. Balancing the conflicting roles of a protective dad versus the uber cool one is like skating on thin ice. The BlackBerry mobile phone sorted out that predicament for me. While the USP of the gadget was its push-email (the corporate world was completely addicted...

New Delhi: Equity investors have witnessed a wealth addition of more than Rs 31 lakh crore (Rs 31,18,934.36 crore) in the first four months of the current fiscal, helped by an overall bullish sentiment in the market. The 30-share BSE Sensex has jumped 3,077.69 points or 6.21 per cent during April-July this fiscal. Reflecting an upbeat sentiment in the market,...

Amid continued stand-off with China, the Leh administration is augmenting oxygen supply in the forward areas by adding new plants, a move that will boost the fight against Covid-19 in ‘zero-mile’ villages and far-flung settlements along northern and eastern Ladakh.“We have a new oxygen plant operating at Diskit in the Nubra sub-division earlier this month and...

Cold calculations and frozen franchises American ice-cream manufacturer Ben & Jerry was furiously attacked for politicising the pleasures of eating the frozen desserts, after it refused to sell ice-cream in Israel’s West Bank over the displacement of Palestinians. But this is misplaced, both for the brand, which was built on its progressive image, and for...

In May 2020, after four phases of nationwide lockdowns due to the coronavirus, India started hobbling towards unlocking. Districts were colour-coded according to the positivity rate and restrictions were eased accordingly. Containment zones remained closed, though.Businesses that were shut since March started gulping air as the unlock window started to open....

Motivation can be hard to muster up between rolling out of bed and turning on your computer. But top bosses have found fun ways to keep their employees enthusiastic.SOUL SPACESachin Saxena, founding member of unicorn healthcare company Innovaccer, even has a name for their downtime — Ministry of Fun. “[We play] Call of Duty (CoD) and Clash Of Clans to Scribble...

Post Q1 results, one should be very cautious in terms of being positive on the market, says Mahantesh Sabarad, Head-Retail Research, SBICAP Securities. In the series gone by, there was a clear leadership from ICICI Bank and SBI. What could SBI deliver in terms of numbers and is the leadership going to stay with these two names?First of all, I cannot comment...

We are a little underweight on the financials but that is because they haven’t reached a stage where the capex cycle begins and probably is still four to six quarters away. But that could be changing going forward, says Ravi Dharamshi, Founder & CIO, ValueQuest Investment. Why is there no financial name in your top five holdings?Yes, we are a little underweight...

The Olympics host city Tokyo, as well as Thailand and Malaysia, announced record Covid-19 infections on Saturday, mostly driven by the highly transmissible Delta variant of the disease.Cases surged in Sydney as well, where police cordoned off the central business district to prevent a protest against a strict lockdown that will last until the end of August.Police...

Parliament disruptions and frequent adjournments since the monsoon session began on July 19 have meant the two Houses functioned for only 18 hours of the scheduled 107, leading to a loss of more than `133 crore of taxpayers’ money.Government sources said the Lok Sabha has been allowed to function for about seven hours out of 53 hours in these nine working days....

With the second wave of Covid-19 having tapered off, a host of startups are looking to grow headcount. Many are looking to set up new verticals, expand territory and invest in rapid growth seen over the past months.New-age companies such as HomeLane, NoBroker, CashKaro, Meesho, slice, Droom, Clovia and Cashfree are aggressively ramping up technology and product...

Over 97 per cent students, who appeared for the 2021 Uttar Pradesh board examination, have cleared it, the state government said on Saturday. The overall pass percentage for class 10 was 99.53, while it was 97.88 for class 12, it said in a statement. The pass percentage of boys stood at 97.47 per cent, while that of the girls was 98.40 per cent in class 12,...

India has made no commitment to submit fresh targets for cutting greenhouse gas emissions, a senior official from the environment ministry said on Saturday while dismissing reports that the country has missed the deadline set by the UN climate change agency to provide an update. A foreign news agency has reported that India and China have missed the deadline...

With an improvement in the COVID-19 situation, the Odisha government on Saturday announced reopening of shopping malls, parks and cinema halls among several relaxations in all the districts, barring three cities where coronavirus caseload is relatively high. The administration granted the relaxations for a month starting from 6 am on Sunday, Special Relief Commissioner...

As a keen follower of women’s beach volleyball, I was watching Brazil take on Canada in the Olympics, when the doorbell rang. ‘Good morning, sir, good time?’ said the young man who looked like a young Anna Hazare. I mumbled something, and let him in while Eduarda ‘Duda’ Santos Lisboa passed a signal behind her bikinied back to her teammate on my TV screen.‘Sir,...

Jharkhand Chief Minister Hemant Soren on Saturday decided to hand over the probe into hit-and-run case of Dhanbad judge to the Central Bureau of Investigation. An official spokesman said that the chief minister has recommended handing over the probe in the death of District and Sessions court judge Uttam Anand to the premier investigating agency. The 50-year-old...

The Haryana government Saturday extended the COVID-19 lockdown in the state by another week till August 9, according to an official communication. However, the current lockdown relaxations with respect to the reopening of shops, malls, restaurants, religious places and corporate offices will continue. "The Mahamari Alert-Surakshit Haryana (coronavirus lockdown)...

Mumbai: Shares of fertiliser producers rallied on Friday after some of the Chinese companies in the sector said they would stop exporting to assure supplies in their domestic market. Analysts said this move could benefit Indian companies, which are already on investors’ radar due to cheaper share valuations.While Coromandel International and Fertilisers and...

NEW DELHI: Every market cycle has its own set of winners and most of the time the variation in returns among the best and worst performers during a cycle is too large, underscoring the importance of picking themes.This phase is no different, said Aditya Birla SL AMC, which expects themes such as manufacturing, digitisation, ESG and real estate may play out well...

Following are five big themes likely to dominate thinking of investors and traders in the coming week.1/ OUT OF SURPRISES?Is this year's sharp U.S. growth rebound losing momentum? A raft of economic data due in the world's biggest economy will provide clues.U.S. non-farm payrolls on Aug. 6 will offer a snapshot of July hiring. Economists polled by Reuters forecast...

Dr Cyrus Poonawalla, chairman of the city-based vaccine maker Serum Institute of India (SII), will be honoured with the prestigious Lokmanya Tilak National Award for 2021. Deepak Tilak, president of the Lokmanya Tilak Trust, has made the announcement. "Poonawalla will be felicitated for his work during the COVID-19 pandemic, wherein he helped in saving many...

India and China are discussing disengagement of troops from friction points including Gogra Heights and Hot Springs area during the 12th round of Corps Commander-level talks, said Indian Army sources on Saturday.The 12th round of Corps Commander-level talks between India and China began at 10:30 am in Moldo on the Chinese side of the Line of Actual Control.India...

With Piyush Goyal replacing Smriti Irani as the new textile minister, following the recent union cabinet reshuffle, there seems to be a humongous task lying ahead of him. It is reviving the ailing textile and apparel sector. Providing direct employment to 45 million people, and indirect employment to 60 million people, this highly labour-intensive sector is...

Twenty one new COVID-19 cases related to the Olympics were reported by the organisers on Saturday, none of them athletes, amid surging infections in the host city.Out of the total new cases, 14 were contractors and seven Games-linked officials. Sixteen are residents of Japan and five from overseas.None of them were staying in the Olympic village, the organising...

India has been positioning itself as an attractive investment destination for manufacturing, now for a few decades. The story has been sold aggressively though not as effectively as policymakers would have liked and there is little doubt that we are some distance behind the other big hitters in this space. Meanwhile, there are ambitious targets of achieving...

Syngene International, the innovation-led contract research and manufacturing arm of Biocon, is seeing a shift in clientele with a large number of small and newly founded startups from the West partnering with the company to research new treatments and medicines, said CEO and managing director Jonathan Hunt.“What India offers now in the biopharma sector is not...

An Olympic medal in archery remained elusive for India. A day after his world number one wife Deepika Kumari choked in the last-eight stage against eventual gold medallist An San of Korea, Atanu Das exited in the pre-quarterfinals of the Tokyo Olympics on Saturday. Das, who knocked out London Olympics gold medallist Oh Jin Hyek in the last-32, failed to overcome...

MUMBAI: While many have scoffed at the valuations being commanded by online food aggregator Zomato given its lack of profit track record, the Indian stock market is riddled with even worse examples that may make the fence-sitters wonder if the ongoing bull market is getting out of hand.In the darkest alleys of Dalal Street, a different kind of bull market is...

MUMBAI: The Bombay High Court on Friday noted that passing a blanket gag order on the media against reporting anything against Bollywood actor Shilpa Shetty, wife of arrested businessman Raj Kundra, shall have a “chilling effect on the freedom of press” and said there is a judicial limit on what can be construed as good or bad journalism.Justice Gautam Patel,...

Last week, amid the cheerleading of the Zomato IPO, a small minority of commentators pointed out the advanced state of undress the emperor was in. However, the general talk was that there was some kind of euphoria about this IPO. In the Zomato IPO as well as the IPOs of similar outfits that will no doubt follow, this talk of euphoria will no doubt be at a fever...

If you invest in stocks and equity funds, you must have earned healthy returns in the past few years. But while the going has been good on the investment front, there is bad news flowing from the tax department. In the past few years, the tax monster has spread its tentacles and started moving into what were considered safe havens till now. In 2018, the tax...