Technically skilled gig workers in high demand
Demand for technically skilled gig workers has gone up as a direct result of large enterprises looking to optimise their future through a digital presence and lower fixed costs with reduction of full-time employees. Gig workers are freelance workers who work on a contractual or temporary basis for a specific period. According to staffing company […]
Wistron’s Loss may be r rivals gain
Apple Inc.’s move to suspend new business to supplier Wistron, the first to assemble iPhones in India, has given an unexpected lift to rival suppliers Foxconn and Pegatron, who are angling to capture a larger share of the iPhone maker’s orders as well as from other companies. An initial investigation by Apple into the rioting […]
Wi-Fi plan to boost IT jobs
Grocery stores, restaurants, hotels and other places in urban as well as rural areas could soon become public Wi-Fi hotspots as part of the Prime MinisterWi-Fi Access Network Interface (PM Wani) project, creating an ecosystem for jobs in information technology (IT) and telecom. Industry experts said the project, with its need to set up massive […]
Micro health plans makes it big
Bite-sized health insurance plans offering small premiums and cover size have turned popular during the coronavirus pandemic, bringing together innovative insurance companies and payment apps with their massive reach. Payment apps PhonePe and Paytm already sell large numbers of these insurance plans and, soon, WhatsApp will offer such plans from SBI General Insurance Co. Ltd […]
India’s urban poor suffer from job crisis
Over the past few months, several high-frequency indicators have suggested a pick-up in economic activity across the country. But data from the latest round of the YouGov-Mint-CPR Millennial Survey conducted online in October and November suggests that the job market is yet to recover from the pandemic shock. The survey shows that young workers were […]
Zomato raises $660mn
Gurugram based food tech unicorn Zomato has completed its primary fundraise worth $660 million, giving the company a valuation of $3.9 billion, as the firm set its sights on an initial share sale in the first half of 2021. The fundraise saw 10 new investors join Zomato including Tiger Global Management, Baillie Gifford, Luxor Capital, […]
Air traffic grew by 20%
Indian Airlines flew 20% more passengers in November than in the previous month as the carriers were allowed to sell more tickets per flight and travellers felt more confident about flying amid the pandemic. As many as 6.35 million passengers travelled by air in November compared with 5.27 million in the preceding month, data released […]
Red tape hurts returning entrepreneurs
Many Indian and Chinese migrants, after becoming successful entrepreneurs abroad, return and set up businesses back home. This reverse migration helps bring ideas and capital from abroad and boosts growth. Yet, not all countries provide a conducive environment to make this possible. For instance, a study finds that China is more welcoming to returning entrepreneurs […]
Consumption revival to take time
The coronavirus pandemic will continue to wreck household consumption in India all through 2021 and pre-covid levels will be reached only by 2022, a report by The Boston Consulting Group (BCG) said. BCG now expects its 2028 consumption estimate for India to be met only by 2030. Household consumption, which includes food and grocery, housing […]