The IT industry is seeing a significant increase in moonlighting-related background checks due to low salary increases and job market uncertainty. Verification firms are flagging more cases of overlapping employment, particularly in the IT services sector, as remote work makes it easier for professionals to take on additional roles.
In Kondhwa, Pune, a 22-year-old data scientist was allegedly raped in her apartment by a man posing as a courier delivery agent. The assailant sprayed a chemical on her face, took a selfie with her, and threatened to upload it if she reported the crime.
Reliance Retail Ventures is set to acquire a minority stake in FaceGym, a UK-based facial workout brand, marking its entry into the Indian market. Over the next five years, Reliance plans to establish FaceGym’s presence through standalone studios and curated spaces within select Tira stores.
BlackRock Investment Institute highlights India’s growing importance in global investments, driven by demographic shifts, digitalization, and supply chain changes. While neutral on short-term Indian stocks, they recommend above-benchmark allocations for long-term portfolios. India’s stable policies and rising demand attract investors, making its long-term economic case compelling.
IL&FS has petitioned the NCLT to dismiss Chronos Properties’ plea regarding the BKC headquarters sale. IL&FS argues Chronos, backed by Brookfield, breached deal terms by failing to renew a mandatory performance guarantee for its Rs 1,080-crore bid. The dispute arose after IL&FS sought a revised consideration of Rs 1,296 crore, prompting Chronos to seek a…
India’s service sector surged to a 10-month high in June, fueled by increased new orders and robust overseas demand, particularly from Asian, West Asian, and US markets. This expansion led to job creation for the 37th consecutive month, although the pace slowed slightly from May.
India’s IPO market is regaining momentum, fueled by HDB Financial Services’ successful debut and easing geopolitical tensions. Startups like Meesho are leading the charge, with several others, including Pine Labs and Lenskart, preparing to file. Experts predict primary market fundraising could reach $2.4 billion in July.
Vishnu Manchu’s mythological epic, ‘Kannappa,’ featuring a star-studded cast including Prabhas and Mohanlal, has underperformed at the box office, earning Rs 30.10 crore in its first week. Despite a decent opening, collections dipped over the weekend and sharply declined during weekdays. Low theatre occupancy, particularly for the Hindi version, further contributed to the film’s struggles.
