CHENNAI: Despite reduction of unsold stock inventory and signs of recovery in the affordable housing segment, it has not enthused developers. Poor conversion rates, spiralling construction costs and unsustainable margins are posing a grave challenge to the affordable housing market.This has resulted in several developers keeping away from launching new projects in the segment. Their…
Byju Raveendran (File photo) BENGALURU: Byju’s founder, Byju Raveendran, outlined plans for what he described as a major reboot of the embattled edtech company, centred around AI-powered personalised learning and a renewed focus on mission-driven education. In a wide-ranging interview on ANI’s podcast with Smita Prakash, Raveendran addressed controversies around his leadership and financial mismanagement…
BENGALURU: India is experiencing an uptick in mid-market global capability centres (GCCs). The country witnessed over 140 greenfield GCCs come up during the past 30 months, according to data from HR consultancy firm Xpheno’s research. These GCCs initially planned for 70,000 positions, with individual centres targeting between 50 to 3,000 roles.A recent Nasscom-Zinnov report showed…
Zoho founder Sridhar Vembu BENGALURU: Zoho founder and CEO Sridhar Vembu cautioned software professionals against assuming continued dominance in the job market, warning that emerging technologies like large language models (LLMs) and advanced development tooling could “destroy a lot of software jobs.” In a post on X, Vembu said, “The fact that software engineers get…
NEW DELHI: Indian govt’s retaliatory move to restrict import of ready-made garments (RMG) from Bangladesh via the land route is expected to increase logistics costs and transit time for the products which account for around a third of shipments from India’s neighbour in the east.While it takes only two-three days for apparel produced in Bangladesh…
MUMBAI: The trading pattern of foreign fund managers, developments on India-US trade deal, direction of the rupee-dollar exchange rate after Moody’s downgrade of US’s credit rating on Saturday, and quarterly numbers from large corporates will dictate the direction of the domestic market in the new week.The previous week saw a strong rally in largecap stocks…
NEW DELHI: Tata Steel aims to cut costs by Rs 11,500 crore across its global operations over the next 12–18 months, focusing on controllable expenses, Executive Director and CFO Koushik Chatterjee said during a post-earnings analyst call.Building on structural cost savings of Rs 6,600 crore achieved in FY25, the company is intensifying its cost transformation…
NEW DELHI: DIAL, the Delhi airport operator, has divested its complete 50 per cent ownership in Delhi Aviation Services Pvt Ltd (DASPL) to Bird Flight Services (India) Pvt Ltd for nearly 13 crore. DASPL held the concession for operating bridge-mounted equipment at Terminal 3 of Indira Gandhi International Airport (IGIA), including ground power units, pre-conditioned…
NEW DELHI: India’s pharmaceutical industry continues its rapid ascent on the global stage, driven by affordability, innovation, and inclusivity. Thesector recorded a 7.8 per cent year-on-year growth in April 2025, according to India Ratings, part of the Fitch Group, as quoted by Press Information Bureau (PIB) on Sunday.This growth reflects continued strong domestic demand and…
AI-generated image (Made from Bing image creator) NEW DELHI: Stock markets are expected to be primarily influenced by corporate quarterly reports, foreign fund activity and worldwide market trends this week. Global trade agreements and their market impact will also be under close observation.Last week, the BSE benchmark index increased by 2,876.12 points or 3.61 per…