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FY24 marks the second ever full year decline in headcount for Tech Mahindra, which was down by 6,945. The IT company had previously reported a full-year headcount drop in FY18.
Power sector received the highest inflow from foreign investors, who bought shares worth ₹5,143 crore after buying ₹45 crore in March. In 2023, the sector witnessed inflows worth ₹2,477 crore. With the government expected to boost the country's power capabilities as part of its ambition to make India into a manufacturing hub, the focus is on the companies that will benefit from the revival of the sector.
India's IT industry is rebounding with a rise in contractual hiring, signaling recovery after layoffs and reduced bench strength. Staffing firms note increased demand for temporary contracts as companies prepare for future growth.
FPIs: Fast moving consumer goods witnessed a shift in sentiment from foreign investors as they turned net sellers in the sectors worth ₹4,351 crore after buying shares worth ₹6,241 crore in March. Consumer durable and oil & gas sectors also saw foreign selling worth ₹1,624 crore and ₹923 crore, respectively.
India News: Y S Jagan envisions Visakhapatnam as a key player in Andhra Pradesh's growth, competing with major cities. He emphasizes the IT sector, opposition cha