India’s gig economy could add 90 million jobs enabled by large multinationals, according to a white paper released by the Forum for Progressive Gig Workers. The study said that the country’s gig economy market is expected to grow at a compound annual growth rate (CAGR) of 17% to reach a gross volume of $455 billion
Iron ore production in the country rose 4.1 per cent to 158.4 million tonnes (MT) in the April-October period of the ongoing fiscal year, the government said on Thursday. As per provisional data, iron ore production was 152.1 MT in the year-ago period. Continued growth in production of iron ore in the current financial year
State-owned Oil and Natural Gas Corporation (ONGC) has made four more discoveries since it first made an oil field near Ashokenagar in West Bengal six years back but is still awaiting the state government’s nod for a petroleum mining lease to develop them, Oil Minister Hardeep Singh Puri said on Thursday. ONGC notified the first
The Godrej Enterprises Group (GEG) on Thursday unveiled a refreshed brand identity, it said in a release. The move is aimed at “unlocking new worlds for customers and other stakeholders”. The new logo marks a clear shift from three colours to a single colour, which the company said, allows ‘for greater consistency and synergy across
IT services major Wipro is at a crossroads once again– new CEO, new expectations, new hopes. However, Nuvama Institutional Equities said, there are two big differences this time: 1) its portfolio with higher exposure to discretionary spends is favourably placed to ride the macro recovery; and 2) the CEO this time is an internal lifer
As the textile industry grapples with environmental concerns and changing consumer preferences, sustainability has become a core focus for leading manufacturers. Rohit Aggarwal, who recently took over as CEO of Lenzing AG, an Austrian leader in sustainable fibers, shares his vision for the company’s future, particularly in emerging markets like India. In an exclusive conversation
Vardhman Textiles on Thursday announced that its board of directors approved to increase the processed fabric capacity at Vardhman Fabrics, Budhni, Madhya Pradesh, by about 31 million meters per annum with a total capital outlay of approximately Rs 350 crore. The company has an existing processed fabric capacity of about 175 million meter per annum
BEML on Thursday announced that it has bagged an order worth Rs 3658 crore from Chennai Metro Rail. The contract encompasses a comprehensive scope including design, manufacture, supply, testing, commissioning, training of personnel and maintenance contract of standard gauge metro rolling stock (electrical multiple units) and depot machinery & plant. Also ReadAircastle withdraws insolvency case
EPFO Update: Private sector employees covered under the EPFO have long been demanding an increase in their minimum pension, which is currently fixed at Rs 1,000 per month. Adding to their 7–8-year struggle to present their case to the government, a delegation of EPS-95 pensioners met Finance Minister Nirmala Sitharaman on January 10 to push
RIL, Jio Q3 Earnings Announcement Key Dates, Where to Watch Live Streaming: Mukesh Ambani led-Reliance Industries Ltd (RIL) will announce its fiscal third quarter earnings next week on January 16 (Thursday). The conglomerate will hold its board meeting to consider and approve the standalone and consolidated financial results for the third quarter of FY25 and
Indore-based TaskUs, a leading BPO and digital transformation services provider, abruptly fired over 300 employees without prior notice, sparking widespread outrage. A video of distressed employees addressing the company staff has gone viral on social media. In the video, employees accuse company representatives of mistreating them and even laughing while delivering the layoff news, further
Larsen & Toubro chairman SN Subrahmanyan’s comments on a 90-hour working week have sparked outrage with a host of his peers in corporate India criticising the idea of working inordinately long hours. CEOs took to Twitter and television on Friday to express their reservations on the remarks by Subrahmanyan, who has exhorted L&T employees to
With 400 million people in attendance, and manifold eyeballs on it, the Maha Kumbh is gargantuan not only in human presence, but in business opportunity as well. The figure is Rs 2 lakh crore to be precise, put forth by Uttar Pradesh chief minister Yogi Adityanath on Wednesday. This makes the event a pitching ground
