In 2024, the internet and e-commerce sector led in pay across all levels, with top executives earning an average of Rs 37 lakh. Professional services, business consulting, and media closely followed. Healthcare topped senior and middle-level pay due to digital integration and job growth. Bengaluru emerged as the top talent hotspot, while Mumbai excelled in senior-level salaries. Tier-2 cities Bhopal, Mysore, and Kanpur showed impressive growth in junior-level roles.
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Zhang Yiming, the founder of ByteDance, has become the wealthiest person in China with a net worth of $57.5 billion. This achievement is particularly noteworthy for the 41-year-old, considering the recent challenges, including potential US restrictions on TikTok, ByteDance's popular application.
Pi Network launched its Open Mainnet on February 20, 2025, leading to considerable price fluctuations for Pi Coin. Analysts see significant growth potential if adoption increases, with predictions stating it could reach $100 or even $500 by 2030, contingent upon widespread adoption and practical utility.
Hindenburg Research, known as a corporate muckraker, is shutting down after completing its investigations. Major cases include the Adani Group and Nikola Corporation.
Adani Group and Aditya Birla Group are set to enter the high-growth wires and cables sector, challenging an industry dominated by smaller, unorganized players. This move is expected to disrupt the market significantly. Both conglomerates have invested heavily, with Adani forming a joint venture and Aditya Birla announcing a major investment and plans for a new plant.
Accel raised $650 million for its eighth India-focused fund, reflecting confidence in the country's startup ecosystem amid global economic uncertainties. This funding will support both new ventures and existing portfolio companies, with notable investments like Swiggy, BlackBuck, and Bluestone preparing for public offerings.
India's auto components industry saw robust growth in the first half of FY25, with an 11.3% increase in market size to $39.6 billion. Demand for larger vehicles, especially UVs, surged, alongside a rise in 350-500cc motorcycles. EV sales grew overall, but e-PVs declined. Exports performed strongly, with the USA, Germany, and Turkey as top destinations.
Bitcoin hits an all-time high of $109,241 as anticipation grows for Donald Trump’s return to the White House and potential pro-crypto executive orders. Trump’s memecoin launch caused fluctuations in the digital asset market, further pushing the momentum of Bitcoin and other top tokens like Ether and XRP.
Waaree Renewable Technologies Ltd has secured a 2 GW solar project from Sunbreeze Renewables Nine Pvt Ltd, a Jindal Renewables SPV, to be implemented in Bikaner, Rajasthan. The project, valued at WRTL's largest-ever order, will enhance energy efficiency using advanced technologies. Jindal Renewables aims to be a leader in renewable energy, targeting 12 GW of assets by 2030.
US asset management giant Capital Group has acquired a 5% stake in Sammaan Capital through a Rs 1,300 crore Qualified Institutional Placement (QIP) round. Along with other prominent investors like BlackRock and Marshall Wace, Capital Group's Smallcap World Fund's investment signifies a significant institutional presence in the Indian mortgage financing company.
Sebi chief Tuhin Kanta Pandey emphasized the importance of transparency and accountability in enhancing trust within India's financial markets. He highlighted the need for optimum regulation, focusing on relevant statutes, and pledged to foster investor awareness and education. Pandey also expressed his intent to promote voluntary compliance through a consultative approach involving all stakeholders.