Attrition rates have risen for Indian IT firms like HCLTech, Wipro, TCS, and Infosys, reflecting a moderate demand environment and openings for specialized roles. The demand increase in sectors like retail, manufacturing, and BFSI contributes to this trend, with predictions suggesting stabilization by FY26.
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Restaurants are planning to challenge food delivery giants Zomato and Swiggy by partnering with the government-backed ONDC to launch private label food and regain control over their digital presence and customer data. This move aims to lower costs, choose their own logistics partners, and reduce dependence on commissions up to 35% charged by Zomato and Swiggy.
Consumer preference for natural and plant-based personal care products is rising, impacting toothpastes, soaps, and haircare. Over 70% of new toothpaste launches are now natural, reflecting a shift towards herbal and ayurvedic ingredients.
Niti Aayog CEO BVR Subrahmanyam emphasized that India must reduce tariffs for its own benefit, regardless of external pressures. He highlighted the need for India to prioritize openness to global markets and finalize trade agreements with major economies like the EU and UK. Deregulation at both central and state levels is also crucial for integrating into global supply chains.
JSW Group is engaging in discussions with multiple auto manufacturers, including Chinese company Geely, for electric vehicle joint ventures in India. Their aim is to expand across various EV segments, including passenger and commercial vehicles, while exploring partnerships beyond their existing collaboration with SAIC's MG.
Adani Green Energy Ltd (AGEL) recorded an over 85% rise in consolidated net profit to Rs 474 crore in the December quarter due to higher power supply revenues. The company also expanded its operational capacity by 37% YoY with new power plants and increased energy sales by 23% YoY.
Nissan is ceasing car production in India and selling its 51% stake in a Chennai factory to Renault. Despite struggling with market share, Nissan will continue to introduce new models and remain active in India. Renault plans new investments and electric vehicles, aiming to replicate past successes with models like Duster and Kwid.
Wipro CEO Srini Pallia showcased their cloud car ecosystem powered automotive prototype in Bengaluru, highlighting the company's advancements in software-defined vehicles (SDV). The AI-driven solutions aim to set new benchmarks in the automotive sector, emphasizing durability, performance, and sustainability. This platform offers automakers an integrated, cloud-native software solution with robust cybersecurity, enabling faster innovation at reduced costs.
US stocks surged following President Trump's temporary tariff exemption on key tech products, boosting tech-heavy indices. The Dow, S&P 500, and Nasdaq all experienced significant gains, with tech giants like Apple and Nvidia leading the rally. European and Asian markets also responded positively, driven by renewed confidence in the tech sector and strong Chinese export data.
High attrition rates in private sector and small finance banks are a significant risk factor, causing operational disruptions and increased recruitment costs. The Reserve Bank of India highlights the importance of strategic measures, including improved onboarding, training, and competitive benefits, to retain talent and ensure stability within the banking sector.
Stock market recommendations: Jio Financial Services, Tata Motors, and Finolex Industries are recommended for buying today based on technical indicators suggesting potential reversals.