JOB MARKET RECOVERY
Will Nifty give up 24,000 or make new highs this week? 7 factors to decide
Looking ahead, market focus will shift to upcoming releases including US and Indian manufacturing Purchasing Managers' Index (PMI) data, alongside a pivotal speech from the Federal Reserve Chair. Meanwhile, attention within India remains fixed on the progress of the monsoon season, with the India Meteorological Department confirming its onset in Delhi and other parts of North India.
5 world market themes for the week ahead
Euro 2024 excitement rises with political shifts in Britain and France. M&A activity surges amidst economic uncertainties. Emerging Asia grapples with inflation as central banks navigate rate decisions. Labour's potential win in Britain poses fiscal challenges. The market awaits U.S. job data impact on Federal Reserve's rate policy.
Bosch weighs offer for appliance maker Whirlpool, say sources
German engineering group Robert Bosch is weighing a bid for U.S. appliances manufacturer Whirlpool, according to three people familiar with the matter, a move that would boost its position in the household appliances market.
Excited about gain in market share in US, says Biocon chief Kiran Mazumdar Shaw
Biocon Executive Chairperson Kiran Mazumdar Shaw say we've seen significant market share growth for our biosimilars in the US, exceeding our 20% global insulin market target sooner than expected. Demand has surged, especially for insulins, creating substantial opportunities.
5 world market themes for the week ahead
Central bank decisions in Britain, Switzerland, and Norway will show the rate cutting trend, while retail sales data from the US and China will indicate consumer health. Europe gears up for the Euros 2024 tournament in Germany. Investors are monitoring cocoa supply issues in Ivory Coast, Ghana, and other countries like Brazil.
Hiring activity registers 11% surge: Foundit Insights Tracker
A recent report by foundit reveals a significant increase in hiring index, with the production and manufacturing sector showing remarkable growth. This upswing is attributed to factors like government support in PLI and infrastructure development.
- Go To Page 1
Govt may increase emphasis on consumption and job creation: Pramod Gubbi
So, we went into the elections quite strongly positioned for a potential adverse event. But it was not because we expected any adverse event. It is just our style of investing. So, to that extent, there has been almost next to nothing in terms of changes that we have made pre or post elections.
Ahead of Market: 10 things that will decide stock action on Monday
Nifty50 and Sensex, the benchmark equity indices, reached record highs on Friday, reclaiming losses incurred on election day. The surge was attributed to expectations of political stability and forecasts indicating accelerated economic growth.
Job market recovery may slow, for now
The absence of a decisive mandate in the 2024 elections may impact job market recovery temporarily. Coalition partners will have a stronger voice in policy decisions, affecting investor sentiment. Experts anticipate a short-term slowdown in job creation.
US dollar gains after stronger-than-expected services sector data
The Institute for Supply Management said its nonmanufacturing purchasing managers index rose to 53.8 last month from 49.4 in April. May's reading, the highest since August, overshot estimates of all 59 economists in a Reuters poll that had pegged the median expectation at 50.8.
Is it time to buy large-cap stocks after yesterday's market drop? Arvind Sanger answers
We invest in companies where we feel promoters' interests are aligned with shareholder interests for long-term value creation and we will have to see in the current coalition government what are going to be the new areas of emphasis and what is going to be the continuity.
Improved hiring sentiment, more job postings in 2024: Report
Job postings on apna.co increased by 31% year-on-year in the first four months of 2024, driven mainly by the e-commerce, BFSI, and hospitality sectors. E-commerce saw a 21% increase, BFSI 17%, and hospitality 13%, with a notable demand for professionals in sales, business development, brand marketing, and customer support. Major companies like Bajaj Finserv, Lenskart, HDFC Insurance, and Aditya Birla led this growth.
E-commerce, BFSI, hospitality sectors driving job market in 2024: Report
Driven by economic recovery, the demand for workforce in BFSI increased the maximum by 21 per cent during the first four months of this calender year. The e-commerce sector saw an increase of 17 per cent, services and hospitality industries reported a growth of 13 per cent, according to a report by professional networking platform Apna.
World unemployment to fall slightly in 2024: UN
The International Labour Organization (ILO) predicts a slight decrease in global unemployment in 2024, contrary to its earlier forecast of a rise, citing "slow progress" in addressing inequalities. Despite improvements, disparities persist, with women in low-income countries disproportionately affected. The ILO calls for inclusive policies to ensure a fair recovery.
How to overcome financial loss
When someone loses money, there is always the judgement that one could have avoided it. The society dissects the failure with the benefit of hindsight and points out what should have been done instead. Failed businessmen bear that burden and are constantly reminded of the mistakes they made while managing their now-failed enterprises.
Dow closes up to make it seven in a row, as jobs data boosts rate-cut hopes
U.S. Federal Reserve policy has been the main driver of investor sentiment in 2024. Renewed hopes the central bank will cut rates have pushed the Dow to its biggest rally since December. It closed at its highest since April 1.
Hiring sees 9% uptick in April 2024, says latest foundit Insights Tracker
The startup ecosystem saw a 37% increase in the number of new companies, leading to a 14% surge in the number of jobs. More than half (53%) of all startup jobs are targeted at freshers. Production and manufacturing sector saw a 31% year-on-year surge in hiring.
Oil edges back towards 7-week low after resilient US jobs data
Brent crude futures for July were up 40 cents, or 0.5%, at $83.84 a barrel by 1332 GMT, having earlier touched a session peak of $84.44. U.S. West Texas Intermediate (WTI) crude for June was 27 cents, or 0.3%, firmer at $79.27, off a high for the day of $79.90.
No jobs, no future: In Canada, drugs are Indian students’ last resort
The grim reality of hefty education loans and joblessness in the land they once hoped would offer prosperity has ensnared numerous Indian students in Canada in a vicious cycle of cocaine, marijuana and liquor as a coping mechanism for unemployment-induced stress
Travel, tourism sector expected to add 5.82 cr jobs in India by 2033: NLB Services
The travel and tourism sector is poised for significant growth, expected to create 5.82 crore jobs in India by 2033. Despite challenges, the sector saw a quick recovery post-pandemic. In 2020, it accounted for 39 million jobs, constituting 8% of the nation's workforce. Talent demand in tourism surged by 44% in August 2023, with 1.6 million additional jobs expected in 2023. This growth trend is projected to continue, with the sector set to add 58.2 million jobs by 2033.
Signs of optimism in job market: White-collar mandates up for June quarter
Manufacturing, infrastructure, pharma and healthcare, global capability centres (GCCs), engineering and banking and financial services are among the sectors taking the lead on the hiring front amid large-scale public-private investments, strong digital transformation initiatives, increased consumer demand, and advancements in healthcare technology, the firms said.
Japan's service sector sentiment rises to highest in over three decades
Improved business sentiment among big Japanese non-manufacturers in Q1, with big manufacturers' sentiment souring due to auto production disruptions. BOJ to scrutinize for domestic demand support, growth, inflation forecasts, interest rate clues, capital expenditure, wage hikes, and global economic uncertainty.
Ukrainian women's startups drive tech sector resilience, offer economic recovery hope
Martial law prohibits most men of military age from leaving the country, creating a need and space for female tech entrepreneurs at home and abroad. They are able to build on a stronger representation by women in leadership positions in Ukraine than in the European Union and globally.
Asia shares strike seven-month high ahead of US jobs data
Japan remained an outlier as expectations mount that the Bank of Japan (BOJ) could finally exit negative interest rates this month. That lit a fire under the yen and sent domestic bond yields rising.
Over next few years, India will have a much more balanced economy: Ritesh Jain
According to Ritesh Jain, India is transitioning from a services-based economy to a manufacturing-based economy, driven by government focus, PLI schemes, and the China plus one strategy. This shift is expected to lead to broad-based prosperity, job creation, and higher real estate prices in tier II and tier III cities.
Gen AI may not lead to job losses but can shift demand curve, says S&P Global Market Intelligence President
India is due to hold a general election in April-May, whereas the US will hold its presidential election in November. In the case of India, Deepa Kumar, head, Asia-Pacific Country Risk, S&P Global Market Intelligence, said the goal for the newly elected government will be to carry forward the structural momentum put in place by the outgoing regime.
Hiring activity in January 2024 declines 5% year-on-year, but grows 3% from December 2023: foundit insights tracker
Hiring activity in India slowed 5% in January 2024, but month-on-month growth was 3%. The Interim Budget 2024 had a positive impact on the job market, with various sectors showing consistent hiring momentum. Telecom/ISP, BFSI, and Logistics, Courier/Freight/Transport sectors saw a 5% increase in job postings.
Market Verdict on Budget: Saurabh Mukherjea on 2 stocks to play on women power and rural recovery
Saurabh Mukherjea highlights the rise of Indian women as a major theme in the budget. He mentions Rainbow Medicare that are focused on this theme. He also discusses the government's focus on creating opportunities for the poor rather than giving handouts. Mukherjea suggests looking at Eicher Motors as a play on the rural recovery and the Volvo Eicher side of the business. He further talks about the potential of Royal Enfield and the growing EV market for VECV.
India’s tourism and hospitality sector saw 50% jump in hiring in 2023
Indeed’s quarterly tracker also shows that blue-collar hiring in the industry saw an overall 8% increase compared with the year-ago period. "The rise not only signals a noteworthy post-pandemic recovery but also reflects a promising future for the industry, while underscoring the job market's adaptability and resilience in the face of evolving global trends," the company said in a release on Wednesday. The surge in hiring was led by Delhi NCR, Mumbai, Bengaluru, Pune and Kochi.
Load More
