RETENTION RATES
Rating firms monitoring MTNL as telco misses escrow transfer for bond payments
India Ratings & Research (Ind-Ra) is closely monitoring the financial situation of state-owned Mahanagar Telecom Nigam Limited (MTNL) after it failed to transfer sufficient funds to an escrow account for bond interest payments. This breach is deemed a default event, triggering a possible government guarantee invocation. MTNL issued bonds in July 2023, raising Rs 2,480 crore at 7.59% interest. Due to insufficient funds, MTNL couldn't fund the escrow account as required. Ind-Ra and CRISIL Ratings have downgraded MTNL’s unsupported ratings due to its deteriorating financial performance and delayed debt servicing.
9 Best-seller air coolers of 2024 for top rated and highly efficient cooling this summer
The article analyzes best seller air coolers based on factors such as cooling performance, water tank capacity, energy efficiency, durability, and user-friendly features. Each cooler's specifications, including air delivery, cooling pads, power consumption, and room size suitability, are highlighted to help readers make informed decisions. Additionally, the article discusses the unique selling points of each model, such as inverter compatibility, auto-fill functionality, and 4-way air deflection, to cater to different preferences and requirements.
Budget 2024 an opportunity for Nirmala Sitharaman to play some good shots
The Lok Sabha election results in India surprised many as they diverged from the exit polls. The focus now shifts to the Union Budget 2024, setting the economic tone for the future. All eyes will now be on Finance Minister Nirmala Sitharaman.
FPI buying of debt via voluntary retention route gathers pace
Foreign holdings in India's debt market have surged, with FPI investment in the voluntary long-term route hitting $508 million in May. Recent deals by companies like Vedanta and Nirma have contributed to the rise, with market players expecting further activity as Indian sovereign debt joins a JP Morgan index.
Access to benefits key in retaining women contract workers: Study
A study by Quess Corp and The Udaiti Foundation reveals that both single and married women who receive performance incentives are more likely to retain their jobs than those who don't. The findings, which analysed data from 1.6 million Quess employees over four years, highlight the high turnover in the staffing industry and India's low female labour participation rate. The study found that nearly one out of every two associates who quit do so within the first three months of employment, underlining the importance of support in that period to stem attrition.
Credit costs expected to increase if RBI’s proposed norms for projects under construction implemented
There is a possibility that the implementation of this framework will overlap with the expected credit loss (ECL) framework that is required by RBI. The ECL framework requires banks to recognise losses on loans as soon as they are expected to occur, even if the borrower hasn’t actually defaulted.
Attrition rates continue to remain high for MBA graduates; drop in pre-placement offers: Study
Deloitte India's study on MBA graduates reveals high attrition rates, location preferences, and trends in compensation and skills assessment.
Attrition for MBA campus talent highest across degrees; employee turnover among campus hires drops in 2023 vs 2022, survey shows
A survey by Deloitte has revealed that the attrition rate among MBA graduates hired directly from campus was the highest across disciplines in 2023, with the highest one-year (40%) and two-year (38%) attrition rates. Infant attrition was the highest among Graduate in Management (BBA / BCom /others) degree holders, with 33% of fresh hires leaving organisations in less than a year of joining. However, the survey showed a reduction in attrition rates from 2022, with MBA hires from Top-10 and Tier-1 colleges attriting at 24% (infant), 40% (one-year), and 38% (two-year) in 2023.
Entry-level jobs in telecom industry thrive despite broader workforce slowdown: TeamLease
Despite a general slowdown in headcount expansion in the Indian telecom industry, demand for entry-level customer-facing and technology roles remained strong. TeamLease Services data shows a growth in associate workforce by 51.05% in FY22, with a 31.41% expansion in FY24. Telecom companies focused on hiring field sales executives, customer relationship executives, and technology staff to support network operations.
Even traditional companies are adapting to Gen Z employees: Teamlease
Krishnendu Chatterjee discusses the impact of purpose-driven work values on individual and employer health, referencing Tom Rath's concept of 'working to live.' He emphasizes the importance of aligning organizational purpose with employee retention rates.
10 Best Insulated Water Bottles to Keep you Refreshed in any Climate (2024)
Insulated water bottles are designed to maintain the temperature of beverages, whether hot or cold, for extended durations. Additionally, the best insulated water bottles often boast leak-proof and sweat-proof designs, making them ideal companions for outdoor activities, workouts, or daily commutes. With a variety of styles, sizes, and features available, these bottles offer versatility and convenience, ensuring that hydration remains accessible and enjoyable, regardless of the weather conditions. Thus, investing in these water bottles provides a reliable solution for staying refreshed throughout the day.
2024 promises to be a non-linear market. Here are 3 key reasons why
Institutional investors grapple with non-linear markets, driven by earnings risk, high dispersion, and volatile interest rate outlook. Sector and stock rotation intensify post hot summer forecast, reflecting increased market participation amid erratic swings.
Red flag: Why are so few women checking into India Inc’s C-suite?
Only 4% of exec directors at Nifty 50 are women, and across NSE-listed cos that figure drops to 3%; enabling policies needed to empower them. There is a persistent and high level of unconscious bias as well. Allyship is key. “Boys’ clubs still operate that many times do not give women the right kind of projects (that can advance them in their career) thus demotivating many women who see their juniors becoming senior and moving ahead,” said Girotra.
Karnataka tops in talent retention: Study
Karnataka, home to Bengaluru, India's prominent information technology hub, remains a magnet for white-collar and leadership talent, surpassing other states, as per a study conducted by executive search firm Xpheno. The study, analyzing leadership talent movements up to December 2023, revealed that only 13 Indian states exhibited a positive talent balance, retaining more talent than they lost to other regions.
Insurtech startup Acko aims to achieve profitability by fiscal year 2027
Acko is eyeing profitability on the back of its general and health insurance segment turning earnings positive, founder and CEO Varun Dua said in an interview with investment bank UBS Global. Recently, Acko floated its life insurance company focussing on the sale of term plans, which is currently in the beta stage.
GenAI to help 60% of Asia's top firms boost worker retention: report
According to a new report by IDC, generative AI can emerge as a game-changer for organisational advancement across intelligent document processing (IDP), generative automation, and knowledge sharing.
Majority of Indian workers likely to stay if given good organisational culture: Report
Recent research conducted by SHRM suggests that 64 per cent of Indian workers are likely to stay if given good organisational culture, significantly higher than the global average of 37 per cent among employees.
WFH good for firms' revenue growth: Study
The analysis of 554 public companies that employ a collective 26.7 million people found that "fully flexible" firms which are either completely remote or allow employees to choose when they come to an office increased sales 21% between 2020 and 2022, on an industry-adjusted basis.
Post-Launch Evaluation: Continuous Improvement in Product Management
Post-launch evaluation is a crucial step in product management, where product managers assess the performance of their products, gather user feedback, and make data-driven decisions for continuous improvement. It allows for user-centric improvement, data-driven decision-making, gaining a competitive edge, customer retention and loyalty, and innovation and adaptation.
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