ITC chairman and managing director Sanjiv Puri took over as the new CII president during elections. The industry chamber is recommending several measures, including creating more jobs, skilling and generating political consensus on crucial reforms related to land & labour laws and farm & power sector. In an interview with TOI, Puri emphasised the need…
Mumbai: Paytm is in advanced stages of discussion to sell its movie and events ticketing business to Zomato as part of the fintech’s strategy to divest its non-core assets, sources aware of the development told TOI. The deal, if finalised, could value the business vertical of Paytm at close to Rs 2,000 crore.In a stock…
Vande Metro latest update: Vande Metro, the new short-distance train by Indian Railways is ready. Officials told TOI that the new Vande Metro train will soon roll out for trial runs. Vande Metro, also known as the Vande Bharat Metro, is inspired by the semi-high speed Vande Bharat Express and aims to transform train travel…
BENGALURU: Infosys has won an over $100 million (Rs 850 crore) deal from Swedish retailer Ikea, outpacing incumbents HCL, Capgemini and DXC, and other regional players. About 350 roles at Ikea will be impacted across China, France, Germany, India, Poland, Sweden, and the US, and these employees will transition to Infosys. “It has been a…
NEW DELHI: India’s foreign exchange reserves rose for the second consecutive week, reaching a new all-time high of $ 655.817 billion for the week ended June 7, as reported by the Reserve Bank of India (RBI) on Friday. The reserves rose by $4.3 billion, bringing the total to $ 651.51 billion.The previous record for the…
NEW DELHI: Domestic air travel has again touched all time highs this summer but growth has been capped by high fares caused by a serious capacity crunch. DGCA data shows about 1.4 crore people flew within the country this May, almost the same as the peak seen last December. However, growth is capped at about…
Indian Army gets new suicide drones! In a boost for India’s defence preparedness, the Indian Army has received its first batch of indigenously developed man-portable suicide drones, known as Nagastra 1 loitering munition. These new drones are designed to carry out precision strikes on enemy training camps, launch pads, and infiltrators, without putting the lives…
Corporate offsites will never be the same again! Corporates across sectors are spending money on offering premium experiences to their top performers including luxury family holidays and meet-ups with celebrities.Companies from various sectors, including banking, auto, and insurance, have shown a willingness to invest generously in their top performers, partners, and distributors this season.These rewards…
Budget 2024 date: The Union Budget 2024 is likely to be unveiled by Finance Minister Nirmala Sitharaman on July 22. This will be the first comprehensive Budget presented by the Modi 3.0 government since assuming office.Prime Minister Modi’s administration will prioritize addressing the challenges faced by the agriculture sector, creating jobs, sustaining the momentum of…
MUMBAI: “I started crying at the meeting. I told them that I was willing to work even at a lower salary and designation,” said a Paytm employee who is staring at an imminent job cut. Executives from the HR department reached out to him over a call late last month, stating that his role would…
