The highest domestic salary package offered in campus placements at Faculty of Management Studies (FMS), Delhi University, dropped by almost Rs 12 lakh this year compared to those offered during campus placements to 2016.
The highest yearly domestic package was Rs 54.3 lakh, down from Rs 66 lakh in 2016. Accenture Strategy and EY Consulting emerged top recruiters at FMS Delhi with 10 offers each at the final campus placements this year. Capgemini Global Consulting made nine offers while Amazon India hired eight graduates this year.
(Source: Livemint)
WhatsApp co-founder Brian Acton was in the capital on the messaging app's eighth birthday on Friday. Ukraine-born Jan Koum founded WhatsApp with Acton in 2009. At the time, both were former Yahoo employees.
Today, the app has 1.2 billion monthly active users worldwide. Of these, 200 million are in India alone, making the country their biggest market globally.
The app's acquisition by Facebook in February 2014 for a ginormous $19 billion made global waves in the tech world. Acton spoke with TOI about the how far they have come along, and where they plan to go
(Source: Times of India)
Budget carrier IndiGo has roped in former United Airlines executive Cindy Szadokierski as a consultant for its airport operations.
Szadokierski would be the third executive from United Airlines to be on board with IndiGo after Greg Taylor and Rohit Philip in the recent past.
When contacted, an IndiGo spokesperson declined to comment, while queries sent to the airline's President Aditya Ghosh remained unanswered. Taylor joined the no-frills airline as Executive Vice President for Revenue Management earlier this month, while Philip has been serving as Chief Financial Officer since May last year.
(Source: PTI)
In the midst of the state election season, comes a warning from JPMorgan’s economists. Watch the election results but watch the finances of India’s state governments equally closely.
The country’s states are already spending more than the centre and unless there is a course correction, the consolidated deficit for states could hit a 13-year high this year, said Sajjid Chinoy and Toshi Jain of JPMorgan in a report dated 22 February.
The consolidated state deficit had narrowed to 2 percent between 2010-12, but widened to 2.8 percent in 2015-16 (even without accounting for the UDAY scheme). In 2015-16, states exceeded their deficit target by 0.4 percent of GDP. In 2016-17, states have exhausted 60 percent of their budget deficit compared to 46 percent last year, noted JPMorgan.
(Source: BloombergQuint)
There may be some good news for corporate houses, private equity and venture capital funds concerned over the government's announcement in the Union Budget 2017 to allow the income-tax department to reassess the valuations of any merger and acquisition (M&A) deals and tax them accordingly.
The government may be looking to prescribe a method whereby it can learn whether the deal was done at lower or higher valuations and then levy tax.
(Source: Economic Times)
Jagran Prakashan, the publisher of Hindi daily Dainik Jagran, said its subsidiary Music Broadcast Ltd (MBL) has received regulatory approval of the DRHP for a proposed Rs 400 crore initial public offer (IPO). The company said in a BSE filing:
The offer will be open for subscription to public on 6 March and close on 8 March 2017.
In November last year, the company had said the IPO will comprise fresh issue aggregating up to Rs 400 crore and an offer for sale of up to 26,58,518 equity shares by certain existing shareholders of MBL.
(Source: BusinessLine)
More travellers are booking rooms close to travel dates, benefitting hotels that charge more for late bookings, industry executives said. The change in customer behaviour is a relief for hoteliers, who have struggled to raise average room rates (ARR) despite rising occupancy in the last two years.
(Source: Livemint)
Four decades after the launch of Rasna, the concentrated beverages maker has diversified into the packaged food space under the Vitos brand.
Rasna International Pvt Ltd., which has 80 percent market share in instant drinks and concentrates, on Thursday launched a chocolate-filled baked “healthy snack” targeted at children with a price tag of as low as Rs 5 a pack.
The company is looking to capture at least 5 percent of the Rs 5,000-crore packaged food market over the next three years, Chairman and Managing Director Piruz Khambatta told BloombergQuint.
(Source: BloombergQuint)
Kissandhan Agri Financial services, a wholly-owned subsidiary of Sohan Lal Commodity Management Pvt Ltd (SLCM Group) announced activation of loan facility at Latur mandi in Maharashtra
Kissandhan is catering to all the major agri regions of the country namely, Haryana, Maharashtra, Punjab, Madhya Pradesh, Rajasthan, Delhi Gujarat, Uttar Pradesh and Uttarakhand. The plans are to explore regions like West Bengal and Bihar and extend innovative financing solution to the entire agri community.
(Source: PTI)
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