Employment-linked incentive scheme for job creation; direct incentives for employees and employers from August – who will benefit

The Indian government has approved the RS 99,446 crore Employment-Linked Incentive (ELI) scheme, aimed at generating over 2 crore formal jobs by offering direct financial support to new employees and hiring incentives to employers. The scheme, launching on August 1, 2025, is expected to transform India’s formal job market.As part of the initiative, newly employed […]

India’s services sector maintains strong momentum in May; job creation hits record high

India’s services sector showed continued strength in May, with businesses reporting solid growth in activity, hiring, and international demand. The HSBC India Services PMI Business Activity Index edged up to 58.8 from 58.7 in April, reflecting another sharp expansion. A reading above 50 indicates growth, while anything below signals contraction. The sector’s momentum was underpinned […]

Economy

Job creation in services sector during May recorded strongest growth even as Purchasing Managers’ Index (PMI) was almost flat at 58.8, S&P Global reported on Wednesday.

Job creation in services sector during May recorded strongest growth even as Purchasing Managers’ Index (PMI) was almost flat at 58.8, S&P Global reported on Wednesday. Services has maximum share in India’s Gross Value Added (GVA) with around 54 per cent. According to Pranjul Bhandari, Chief India Economist at HSBC, services PMI was broadly in […]

ESIC job creation rises 5.8% in March, adding 1.63 million employees, almost half under 25

Formal employment under the Employees’ State Insurance Corporation (ESIC) surged in March, with new job creation increasing by 5.79%, reaching 1.63 million, up from 1.54 million in February, provisional payroll data released by the ministry of labour and employment on Friday said.The data also revealed a 33.9% rise in establishments joining the social security umbrella […]

Formal job creation may hit record high in FY 2024-25; here’s what EPFO data suggests | India-Business News

India is poised to witness record-breaking formal job creation in the fiscal year 2024-25, hinting strong hiring activity supported by robust economic growth. According to provisional data released by the Employees’ Provident Fund Organisation (EPFO), the net addition of formal jobs in the first 11 months of the fiscal year 2024-25 has already reached 13.22 […]

Bajaj Finance share price hits 52-week high; stock delivers with 36% returns, Rs 1.5 lakh crore value creation in 2025

Bajaj Finance share price hits 52-week high Bajaj Finance share price today: In a remarkable display of market performance, Bajaj Finance has outperformed its Nifty counterparts this year, generating a 36 per cent year-to-date return and creating Rs 1.5 lakh crore in investor value.The company’s market capitalisation is approaching Rs 6 lakh crore, following its […]

SketchBubble Launches Free AI Presentation Maker to Revolutionize Slide Creation

  Jaipur, Rajasthan, India:  SketchBubble, a leading provider of professionally designed presentation templates, proudly announces the launch of its new Free AI Presentation Maker, an innovative tool designed to empower users to create high-quality, visually appealing presentations in a matter of minutes—no design skills required. With the rise of AI-powered tools across […]

Axis Max Life Launches STAR ULIP, a Holistic Protection & Wealth Creation Solution

Axis Max Life Insurance Ltd. {formerly known as Max Life Insurance Company Ltd.} (“Axis Max Life”/ “Company”), has launched the Axis Max Life Smart Term with Additional Returns (STAR) ULIP (UIN: 104L128V01), a Unit Linked, Non-Participating Individual Life Insurance Plan that offers both life insurance protection and market-linked returns.   The product is […]