Page 13 - Festive Season

Festive demand to see addition of 50,000 temporary jobs in BFSI: TeamLease

The second half of the ongoing calendar year is expected to see an addition of about 50,000 temporary jobs in the banking, financial services and insurance (BFSI) sectors ahead of the festive season, according to a report by staffing company TeamLease Services. The BFSI sector is already witnessing a remarkable surge in credit card sales, personal finance, retail insurance, driven by increased consumer spending and confidence in the economy, according to the report. "This increased activity is anticipated to generate about 50,000 temporary jobs in the second half of 2023, as BFSI firms are set to increase their workforce to meet the surge in finance products," it added. The TeamLease analysis is based on current market demand, industry job openings and the larger market or industry sentiment. From the BFSI sector's perspective, the demand for temporary workers during the festive season has shown a consistent rise not only in tier-I cities like Ahmedabad, Pune, Bengaluru and Kolkata

Nepal requests India to supply rice, sugar to avert possible food scarcity

The Nepal government has requested India to facilitate the supply of paddy, rice and sugar, a senior official said here on Wednesday, as a precautionary measure to mitigate any possible food scarcity in the upcoming festive season. The request was made through the Ministry of Foreign Affairs to the Indian authorities last week, Commerce and Supplies Ministry Joint Secretary Ram Chandra Tiwari said. "Nepal has requested India to provide one million tonnes of paddy, 100,000 tonnes of rice, and 50,000 tonnes of sugar," he said. Though there is no immediate shortage of rice and sugar in the market, there are rumours about its possible scarcity following India's decision to ban the export of non-basmati white rice to the international market. So as a precautionary measure, the Nepal government has asked India to supply these food items, Tiwari said. There are also concerns that traders might resort to hoarding these goods, potentially driving up prices as the festive season approaches,

Festive demand surge expected to create 50,000 temp jobs in coming months

BFSI sector prepares for increased hiring amidst rising consumer spending; 15% jump in open anticipated positions compared to last year

Fundraising activity in debt market gathers speed ahead of festival season

Nabard, Tata Capital, Mahindra Finance to tap into market

Ahead of festive season, Indian smartphone market showing recovery: Report

The research firms attribute the halt in shipment decline to a revival in consumer demand as macroeconomic factors improve

India to see LG's highest sales growth globally this year: MD Hong Ju Jeon

LG India will boost localisation of its products by increasing the use of locally produced components from 50% to 70%

Here's how Indians celebrate Holi across different parts of the country

If you enjoy colour and want to discover interesting information about Holi, here are the various names

Demand remained muted despite the largely Covid-free festival season in Q3

Growth in private final consumption expenditure was down 7 percentage points from Q2

Auto sales up 14% in Jan, helped by festive season, rural demand: FADA

Automobile retail sales grew 14 per cent in January year-on -year as festivals, weddings and more money in the rural economy helped demand, said an industry association on Monday

Auto retail sales dip 5% in December after two-month cruising: FADA

The Indian auto industry's domestic PV sales in December 2022 were 276,000 units, 8.3 per cent higher than in December 2021, according to company numbers

Oil rises on tight US stocks as winter festivities, holiday travel hits

Demand worries, however, stemming from China's COVID-19 surge and fears of a global recession may keep oil futures in check

Festivity on hold for Asian stocks as prospect of rate hikes beckon

Japan is set to tweak its 2% inflation targeting policy, possibly giving the central bank more wiggle room

Fuel demand in India hits eight-month peak in November amid festivals

Consumption of fuel, a proxy for oil demand, was 2.4% higher than the previous month, and rose 10.2% year-on-year to 18.84 million tonnes in November, according to the data

New business premium of life insurance companies rises 30% in November

Private insurers' APE growth rebounds after lagging behind for three months

Volume growth, weak mix likely to impact Eicher Motors' margins

Muted domestic demand and margin pressure may weigh on the stock

Easing raw material prices likely to aid margins of Asian Paints

Sales performance in the festival season was muted; volumes expected to recover

4,000 jobs were posted every day during festive season this year: Report

Hiring activities witnessed 73 per cent growth during the festive season (August-October) this year compared to the same period in 2021 driven by e-commerce and logistics, retail and BFSI sectors, according to a report. As many as 1,00,000 order books were closed in this period considering that e-commerce and logistics, retail and Banking, financial services and insurance (BFSI) sectors heightened their hiring efforts in line with surging demand, according to data by business services provider Quess Corp. While seasonal sales saw some recovery last year from the impact of the Covid pandemic, this festive season has been a clear indicator for the growth of the economy with an upward spiral in job demand across several consumer facing industries. According to data from Quess, job roles such as picker, packer, helper, sales promoter, in-shop sales executive, trainee and production trainee have seen a 39 per cent year-on-year increase in demand this festive season. "Given that the econ

Festivals boost credit card spends to record high of Rs 1.29 trillion

On a year-on-year (YoY) basis, spends were up over 25 per cent, despite a high base

Australia Post restarts receiving international sea mail after suspension

The recent inconvenience to some customers during the festival season prompted the company to resume sea mail deliveries

Consumer sentiments to sustain elevated levels

Sentiments have neither collapsed, nor have they stepped down after the festive season. They seem to have sustained the elevated levels they had achieved during the festive season