The aggregate value of private equity (PE) deals in Indian real estate has declined nearly 30 per cent to $3.6 billion in 2023-24 (FY24) as compared to $5.1 billion in FY20, according to a report released on Monday.
It added that in the last four years, the number of CEOs earning more than Rs 20 crore has doubled. The survey titled 'Deloitte India Executive Performance and Rewards Survey 2024', based on the analysis of 400 organisations (except public sector companies), said that 75 per cent of all CEOs in India now earn more than Rs 5 crore annually. This was 66 per cent in 2020.
'The Indian retail landscape is poised for a significant shift with the anticipated arrival of several prominent international luxury fashion brands in 2024.'
The Big Four accounting firms have increased the hiring of people from technology backgrounds in India amid an increased focus of clients on digital transformation, especially after the Covid-19 pandemic. EY India said that it has expanded its overall tech talent pool by 3x in the last three years across service lines including consulting, tax, assurance, and strategy & transactions. "Today over 50 per cent of our workforce is from STEM (science, technology, engineering and mathematics) and technology background," it said, adding that it continues to hire significantly in the areas of AI, cloud computing, data analytics and cybersecurity to help its clients in transformation.
The representation of women on the boards of the top 100 companies in India has improved in the last five years, said a survey released on Monday. The findings were based on the annual reports and website disclosures of Nifty 100 companies and revealed in the 4th Annual Corporate Governance Survey by Excellence Enablers Private Limited. In the year ending March 31, 2023, the percentage of women among the total directors in the top 100 companies was the highest since 2018-2019 - rising to 19 per cent from 15 per cent earlier.
On Sunday morning, the sun shone brightly on vintage cars parked in symmetry on the grounds of ITC Maurya in New Delhi. The owners were making sure the old beauties turned up spick and span for a rally organised by ITC Hotels in partnership with the Heritage Motoring Club of India. The rally would end at ITC Grand Bharat in Gurugram, Haryana, later in the day.
The percentage of Indian women in senior management positions in mid-market companies, with revenue between $10 million and $1 billion, has been declining since 2021, a report released on Thursday said. According to Grant Thornton's "Women in Business Report 2024", currently, 34 per cent of women in these Indian businesses have senior management posts. In 2023, it was 36 per cent. In 2021 and 2022, this percentage was 39 per cent and 38 per cent, respectively.
India Inc may offer an average salary hike of 9.6 per cent in 2024, similar to the actual increase last year, according to a report released by global professional services provider Ernst & Young (EY). The 'Future of Pay 2024' report states that the highest salary hikes are expected in e-commerce (10.9 per cent), financial services (10.1 per cent), and 10 per cent each in professional services and real estate. The expected hike will be lower than the 10.4 per cent seen in 2022. In 2023, the highest salary hikes were seen in e-commerce (10.5 per cent), and 10.4 per cent both in auto/vehicle manufacturing and financial services.
Several food and grocery delivery firms witnessed their highest ever single-day orders on New Year eve, December 31. Zomato achieved a record-breaking number of orders on its app. The company carried out nearly as many orders on December 31 as the total for the equivalent day in the period from 2015 to 2020.
The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.
Thousands of movie buffs remember the double deckers of Mumbai, associating them with stars and blockbuster songs of yesteryear, recalls Debarghya Sanyal.
Like, Share, Subscribe, Vote: The 2024 polls may be dubbed 'YouTube election'.
'There is no reason to anticipate a drastic change in Canada's attitude towards Indian students.'
'With the current situation in the global job market, students come back with an added burden of educational loans.'
Tourism is badly affected. Entire apple orchards have been washed away. 2 million people are threatened with loss of livelihood.
At 5 per cent, Mumbai is likely to witness the highest rise in residential prices in 2024, a report released on Wednesday said. New Zealand's Auckland will also see a price rise of 5 per cent. According to real estate consultancy Knight Frank's "Prime Global Cities Index", improving gross domestic product (GDP) figures, Mumbai's relative value and investment in infrastructure will be the prime influencers in pushing prices higher for the luxury housing market in the city.
Jawaharlal Nehru did not unfurl the Tricolour at the Red Fort on August 15, 1947. But, in a gesture of nationalistic symbolism -- one that has endured by repetition over the 76 years of independent India -- Nehru took to the ramparts at Red Fort's Lahori Gate on August 16, 1947, unfurled the Tricolour there and delivered his first Independence Day speech.
More people working in India's technology industry have lost their jobs in the first six months of 2023 than in the corresponding period in 2022.
Advertisements of charitable organisations and crowdsourcing platforms must not disrespect the dignity of the beneficiaries by showing their graphic images, the Advertising Standards Council of India (Asci) said in its guidelines for charitable causes released on Thursday. Additionally, these ads must disclose how much of the raised funds would be used as fee by the platform, it added. Acknowledging that crowdsourcing platforms provide reach through ads and organic posts to beneficiaries by helping them tap potential donors, Asci said: "There have been some concerns about ads that create donor distress through the use of images that may be too graphic."
Even as our tier-2 and tier-3 cities become increasingly well-mapped, and well-documented through myriad tech-driven data, the Indian film-maker's dominantly urban gaze turns to regions not crowded by data, area codes, or directions, observes Debarghya Sanyal.
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