BUSINESS
Hiring to witness 7% point growth if lockdowns are not imposed
According to the report, if further lockdowns and workplace operating rules are not enforced, the intent to hire in the current quarter (April-June 2021) can rise to 7 percentage point over the previous quarter (Jan-March 2021). In fact, out of the 21 sectors reviewed, more than eight sectors will witness a 9-11 percentage point rise in their intent to hire in the current quarter.
Wonderchef aims 30% sales growth in FY22
"During the lockdown, our strong presence on the digital landscape helped the brand grow. Post that, with presence across multiple sales channels -- direct-to-home, general trade, army canteens, modern trade, and our exclusive brand outlets --- Wonderchef was able to reach a much wider audience during the entire year and clock sales of Rs 500 crore at the brand level for the first time,"
Mutual funds' AUM surges 41% to Rs 31 lakh cr in FY21
The growth was primarily led by an increase in AUM of equity funds (Rs 4.09 lakh crore), income funds (Rs 2.39 trillion) and other ETFs (Rs 1.29 lakh crore), said the Fund Folio report from Motilal Oswal Financial Services. Equity AUM, including ELSS and index funds, of domestic mutual funds reached new highs of Rs 10.2 lakh crore (up 67 per cent YoY) in FY21, led by a rise in market indices.
Oberoi Group signs MoU with EESL to further its sustainability initiatives
EESL through its Building Energy Efficiency Program (BEEP) will assist The Oberoi Group in implementing several energy-efficient initiatives, including clean energy systems across its properties. These initiatives will help reduce the Group's overall carbon footprint and strengthen its energy conservation efforts.
Companies raise Rs 1.6L cr from primary market in FY21
It is the second-highest fund amount raised from the primary in the last 10 years after Rs 1.74 lakh crore raised by the companies in FY2017-18, showed a Motilal Oswal Financial Services report. "Funds worth Rs 1.6 trillion were raised from the primary market in FY21 via the QIP, IPO, OFS, FPO, etc. route," it said.
Sony invests additional $200M as Epic Games raises $1B
Epic Games CEO Tim Sweeney said on Tuesday that the company will use the investment to "help accelerate our work around building connected social experiences in Fortnite, Rocket League and Fall Guys, while empowering game developers and creators with Unreal Engine, Epic Online Services and the Epic Games Store."
Covid variants pose biggest threat to US economic recovery
"The biggest risks that I see to the recovery are these variants," Kashkari told the Economic Club of New York, mentioning one variant of the virus which is dominant in parts of the US and easily infects younger people, Xinhua reported.
Yes Bank, SBI Cards top bought large cap stocks for MFs in March
Equity funds saw inflows for the first time in nine months at Rs 9,100 crore. The outflow trend seems to have reversed as matured investors are likely to invest at every lower level, said a report by ICICI Direct.
Covid Effect: Airlines demand assistance package, capacity reduction
Industry insiders have contended that rising Covid cases have severely impacted demand, leading to cancellations. Voicing their concerns, airline representatives at a meeting with Civil Aviation Secretary Pradeep Singh Kharola have demanded a financial assistance package from the Centre to deal with the second Covid wave.
GDP still likely to grow in double digits during 2021: Moody's
"Vaccination will be a key element in managing the second wave as the authorities balance virus management against maintaining economic activity. India began its vaccination drive in mid-January and had administered 100 million doses of the coronavirus vaccine as of April 10, becoming the fastest country to reach that threshold so far."
Don't Miss
Advertisement