ecommerce
EPFO Welcomes 14.41 Lakh New Enrollees, 57 pc are youths
Of these, a large number of 7.47 lakh are first-time entrants to the organized workforce. Of these, as many as 56.83 percent belong to the 18-25 age bracket. Obviously, the youth are the main job seekers in the organized sector, according to official statements.
Jan-March Quarter Sees Decrease in India's Unemployment Rate
This decrease, as per the data from the Periodic Labour Force Survey (PLFS) released by the National Statistical Office (NSO) on Wednesday, indicates a sustained advancement in the job markets. Particularly noteworthy is the decrease in female unemployment rates, which decreased from 9.2% in the first quarter of 2023 to 8.5% in the corresponding period of 2024.
Meesho Secures $275 Million in Funding for Social Commerce Platform
This fundraise is still open, investors in this round included existing investors SoftBank, Prosus, Elevation Capital, and Peak XV Partners.
Startup Employment Booms in India, Offering 53% of Jobs to Fresh Talent, Reveals Report
According to a report released by talent platform foundit (previously known as Monster APAC & ME), a significant portion—approximately 53 percent—of these job openings are earmarked for fresh talents.
India Inc Expected to Seek 3.9 Million Jobs in the First Half of 2024: Report
BetterPlace, a SaaS and frontline workforce management platform, conducted a comprehensive year-end insights report analyzing over a million data points.
Centre Reports PLI Schemes Garnering Rs 95,000 Crore in Investments
One of the most significant outcomes of the PLI schemes has been the generation of employment opportunities, directly and indirectly benefiting over 6.4 lakh individuals.
Dr Reddy’s, Cipla log higher PAT for Q2 but with slight difference
In a regulatory filing, the Hyderabad-based Dr.Reddy’s Laboratories said for the quarter ended September 30, 2023, it had booked an operational revenue of Rs 4,838.7 crore (against Q2FY23's Rs 4,880.3 crore) and a net profit of Rs1,192.6 crore (Rs.1,116.3 crore).
E-com platforms log Rs 47K cr worth GMV in 1st week of India festive sales
High average selling price (ASP) items such as mobiles, electronics and large appliances emerged as the largest contributor to the sales, driving 67 per cent of the total sales, according to the report from market research firm Redseer Strategy Consultants.
Hiring in tier 2, 3 cities saw uptick, CIEL HR with Rs 150 Cr kitty targets four acquisitions
They also said the company in its runup to the initial public offering (IPO) is in the process of getting converted into a public limited company and raising Rs 200 crore out of which Rs 150 crore will be for four acquisitions.
India to see Rs 90K cr worth e-commerce sales in festive month this year
Marking the 10th year of e-commerce festive season sales, the industry is expected to clock the GMV of Rs 5,25,000 crore for the entire year, according to the report by market research firm Redseer Strategy Consultants.
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