QUESS

Global capability centres seek to increase female representation in tech roles

Data from Quess Corp indicates that the presence of women in global capability centres (GCCs) has slightly increased to 30% in FY24 from 26.6% in FY20. However, there remains a significant gap in women's representation in mid and senior-level roles, leading to talent shortages. A report by Pure Storage and Zinnov reveals that only 6.7% of women hold executive positions in GCCs, with even lower representation at the senior level (15.7%).

South India driving office property market recovery

Southern India, particularly Bengaluru, Hyderabad, and Chennai, is set to lead the recovery in India's office property market, with these cities accounting for 60% of the total space requirement by 2025. The tech sector and global capability centers are driving office leasing activities, with Bengaluru leading in demand. Experts anticipate a surge in demand from companies like QuessCorp, Morgan Stanley, Google, and Amazon in 2024.

Most Indian cities reeling from labour crisis in election season

The second-longest Lok Sabha elections in the history of the nation spanning 44 days have thrown up a slew of handsome and instant earning opportunities for migrant workers back home, from attending election rallies and door-to-door pamphlet distribution to tenting, vehicle business, catering and food supply.

South India, led by Bengaluru and Chennai, spearhead India's tech talent surge

Among functional skills, development (35%) held the highest share of tech hiring demand: Quess Corp Annual Digital Skills Report FY24.

Quess Corp Q4 Results: PAT rises to Rs 98 crore

Business services provider Quess Corp on Friday reported an increase in profit after tax (PAT) to Rs 98 crore during the March quarter. The company's PAT stood at Rs 30 crore in the corresponding period of the previous fiscal, Quess Corp said in a regulatory filing.

Quess reports highest ever quarterly revenue, annual EPS up by 24% y-o-y

The company’s board has recommended a final dividend of Rs 6 per share which makes the total dividend payout for the financial year 20023-24 to Rs 10 per share. The company reported an earning per share (EPS) of Rs 6.31 (184% increase year-on-year) for the March quarter and Rs 18.61 (24% jump year-on-year) for the financial year 2023-24

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.

Companies shopping for workers floored by women

"There is a preference to hire women on assembly lines," said Lohit Bhatia, president of workforce management at leading staffing company Quess Corp. "Many automobile, EV and component makers as well as electronics and mobile manufacturers want to specifically hire women in roles that require precision work." Maruti Suzuki, MG Motor and Lumax among others are hiring an increasing number of female apprentices on the shop floor.

These 4 stocks closed crossing above VWAP on April 18

This stock is set to zoom 13%; commercial service player aims at 7% rise

Nifty traded near its high point in the first half and then rapidly lost ground to close with a loss.

Bullish Momentum: These 4 stocks with White Marubozu Pattern on April 18

Hiring of temporary staff to sell credit cards, personal loans continues to grow

The demand for manpower to sell credit cards and loans in India is increasing, despite the Reserve Bank of India's stricture on unsecured loans and the growth momentum in personal loans tapering off in February. Frontline sales jobs from BFSI companies are 14-20% higher this month compared to a year earlier, with industry executives predicting that about 25,000-30,000 frontline sales personnel will be hired in the April-June quarter to cater to the rising demand in retail and unsecured loan categories.

Hiring in electronics industry sees a hike of 154% year-on-year in March: Quess Corp

Quess Corp's electronics hiring surge in March focused on women's employment, safety measures, and key roles like electronic engineers. Industry emphasizes gender diversity, inclusion, flexi staffing, very large scale integration, and nanotechnology.

Quess Corp MD buys 10,000 sq ft plot for ₹67.5 cr in Bengaluru

At ₹70,300 per sq ft, the deal set a new benchmark for the property market in the country's technology hub. "The deal was closed last week, and the property belonged to Arvind Reddy and Geeta Reddy. The last deal closed in this locality was clinched at around ₹68,000 per sq ft by TVS Motor," said people aware of the matter.

Ajit Isaac buys the most expensive property on Bangalore's Billionaire Lane for ₹67.5 crore

The southern suburb of Koramangala has emerged as a thriving hub for entrepreneurship in the bustling city of Bangalore. With its prime location and strategic proximity to the city's business centers, Koramangala has become a sought-after neighborhood for startups and self-made billionaires alike.

Q4 results preview: 29 companies likely to report doubling of profit

29 companies expected to double profits in Q4FY24 across various sectors like BFSI, Auto, Healthcare. Notable companies include Adani Ports, KEC International, Birla Corporation, JK Cements, United Breweries, Gland Pharma, Quess Corp Ltd, Signature Global, NMDC.

Technical Breakout Stocks: How to trade Quess Corp, KEI Industries and Tata Power on Monday

KEI Industries is in a strong uptrend on both a positional and intraday basis. In the short term, the upside resistance levels are at 4,087 and 4,187, and on the downside, support levels are placed below 3,830 and 3,710.

Former Naval Commander Anil DSouza sells stake in Simpliance

Former Naval Commander Anil Prem DSouza and partners exit Simpliance Technologies, selling to Aparajita for Rs 28 crore. Quess Corp previously held a 52% stake. Post-exit, DSouza plans waste management ventures and addressing real estate challenges.

Govt job fair: BFSI leads in hiring; At 20,000 plus, engineering graduates largest participants

Skill Development Minister Dr Sharan Prakash Patil on Wednesday said 9651 of 44,527 candidates who enrolled for the fair were handed offer letters by 598 companies that participated in the mela. Some participants got offers from three companies and were given the option to choose one.

Technical Breakout Stocks: How to trade Quess Corp, CRISIL and MRPL on Tuesday

Sectorally, buying was seen in consumer durables, telecom, power, and FMCG stocks while metal, capital goods, and realty stocks saw some selling pressure.

Hot Stocks: Brokerage view on Paytm, Policy Bazaar, Cummins India and Quess Corp

Nuvama sees limited downside in Quess Corp and sees a strong value unlocking in the near future. There are high odds of medium-term upside. The investment bank raised the target price to Rs 630 from Rs 580 earlier. The option to own pure staffing is an attractive one.

Quess Corp to split into three independent listed companies

This will result in the separate listed companies of Quess Corp, Digitide Solutions and Bluspring Enterprises. They will handle workforce management (Quess), business process management, Insurtech and HR outsourcing (Digitide) and facility management, industrial services, and investments (Bluspring).

Hiring of apprentices jump in IT, ITES segment: Report

Business solutions provider Quess Corp's 'Apprentice Skill Trends Report' said there has been an over 250 per cent annual increase in apprentice headcount in the IT/ITES space in 2023 compared to last year as companies look at lowering the cost of their workforce.