Express News Service
BENGALURU: Hiring activity across sectors including hospitality, retail as well and banking has seen a 16 per cent drop since March 2020, data from Naukri.com showed.
In April, overall hiring activity registered a 15 per cent decline over the previous month, while the figures remained flat (-1%) for May.
Even as recruitments in May showed a growth compared to the pandemic year of 2020, a majority of the sectors except IT/ITes are yet to reach pre-pandemic levels of hiring activity, the report added.
Hospitality was the worst impacted sector in terms of hiring in May, according to the latest Naukri JobSpeak report.
Hiring activity in India falls 15% in April amid rising COVID wave
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The increased requirement for healthcare and life insurance has had a less impact on hiring in sectors such as insurance (-5%), pharma/biotech (-9%), and medical/healthcare (-10%) in April.
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Hiring activity in India fell in the month of April amid a rising second wave of the Covid 19 pandemic and clampdowns in many states, according to data from leading job portal Naukri.com.
Data showed that hiring declined by 15% in April compared to March as the Naukri JobSpeak Index fell to 2,072 from 2,436 a month earlier.
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Zomato said it intends to garner ₹8,250 crore (about $1.1 billion) through its public listing. Of this, ₹7,500 crore (approximately $1 billion) will be through a fresh issue of equity shares. The rest, amounting to ₹750 crore, will be raised through an offer for sale (OFS) by existing investor
Info Edge the Gurgaon-based company’s earliest backer.
Info Edge, parent company of Naukri.com, told stock exchanges on Tuesday about its intention to sell shares worth $100 million in Zomato’s initial public offering (IPO), ET reported earlier. Info Edge currently owns 18.5 per cent in the company, valued at ₹7,270 crore.