CEO Financial News

Average salary increases have plunged to 35-40% from 50-100%, across categories of “hot skills” such as full-stack engineers, data engineers, front-end engineers, SRE/DevOps, data scientists and back-end engineers, according to data put together for ET by specialist staffing firm Xpheno. This marks a sharp slowdown from a year ago, when candidates were sitting on multiple job offers and offer shopping had become rampant while employers were in a hiring frenzy. For instance, the average salary range for a full-stack engineer with experience of four to seven years has reduced to Rs 10-26 lakh per annum from Rs 15-32 lakh per annum at the end of 2021-22. The negotiating range offered by employers has fallen to 20-35% from 50-100% during this period. For data engineers and data analytics, salary hikes on offer range between 25-35%, down from 40-90% a year ago, for front-end engineers the hikes have fallen to 15-35% from 50-90%, while for SRE/DevOps hikes range from 20-35%, down from 40-80% earlier, and for data scientists, salary hikes on offer have come down to 20-35% down from 40-100%. “We are witnessing the quintessential ‘calm after the storm’ in recruitment conversations now,” said Anil Ethanur, co-founder, Xpheno.

In this article

Nearly 1 in 3 investors would use artificial intelligence as their financial advisor, a new survey suggests — and that has the potential to lead to flawed advice, experts said.  

Source: Binance

MUMBAI : Even as Zee Entertainment Enterprises Ltd (ZEEL) founder Subhash Chandra and his son Punit Goenka await clean chit from the market regulator over financial irregularities in the media house, the company itself is entangled in a series of legal disputes, including tax claims, regulatory filings showed. While Zee Entertainment proceeds with its planned merger with the Indian arm of Japan’s media behemoth Sony Group Corp’s entertainment division, the filings showed that Zee is dealing with at least a dozen lawsuits, involving cases filed by the Income Tax department, the Commissioner of Service Tax, the Director General of GST Intelligence, and several lenders.

Wireless carrier T-Mobile plans to cut 5,000 jobs, or about 7% of its workforce

By Kanishka Singh

Nvidia's (NASDAQ:NVDA) latest quarterly earnings, unveiled last night, were nothing short of a thrilling surprise, exceeding already high expectations by a significant margin.

Reliance Retail is planning to launch a value apparel format to compete directly with Tata’s Zudio, Landmark group owned Max and Shoppers Stop’s new mass priced brand InTune. All products in Yousta are priced below Rs 999, with a majority priced below Rs 499. “The team will continuously work with India’s younger generation to understand their evolving fashion needs,” said Akhilesh Prasad, President and CEO – Fashion and Lifestyle, Reliance Retail. Experts said India's consumption structure has been skewed in the past over a narrow base of richer consumers accounting for a large chunk of the overall market. However, as the economy is broadening across many more cities and the impact is reaching further down the income ladder, the opportunity for value-formats and value-brands is expanding. Yousta has partnered with a non-profit for customers to donate old clothes at stores and allow them to be used for community programs. The product can also be accessed online through Ajio and JioMart. Reliance Retail Limited is a subsidiary of Reliance Retail Ventures Limited (RRVL), the holding company of all the retail companies under the RIL (Reliance Industries Limited) group.

Scooter Braun is one of the most recognizable names in the music business for his singular work as an executive and entrepreneur

Computer chip maker Nvidia has rocketed into the constellation of Big Tech’s brightest stars while riding the artificial intelligence craze that’s fueling red-hot demand for its technology

Dollar Tree’s fiscal second-quarter results beat Wall Street’s estimates as the discount retailer experienced strong sales and increased traffic at its stores

Sandwich chain Subway said Thursday it will be sold to Roark Capital, a private equity firm with expertise in restaurant management

Stocks that traded heavily or had substantial price changes Wednesday: Urban Outfitters, Apellis rise; Foot Locker, Peloton Interactive fall

Perpetual chief executive Rob Adams has moved to consolidate control of the enlarged investment manager as he unveiled a “refreshed strategy” following its acquisition of rival Pendal.

By Hannah Lang

Cynergy BPO, a company deeply rooted in understanding the trifecta of technology, customer experience (CX), and streamlined operations. India's strength in ecommerce BPO isn't merely a function of its vast talent pool. It's a harmonious blend of advanced technological ecosystems, an ingrained service mindset, and the capability to manage intricate back-end operations, all while ensuring a seamless front-end customer journey.

₹999, with a majority priced below ₹499. The move reinforces competition at the value-end of the market with more retailers eyeing a greater share chasing those consumers.

Indian market. The collection includes apparel (T-shirts, polos, raincoats, hoodies, padded jackets, bomber jackets, sweaters), accessories (collars, leashes, harnesses), and dog lifestyle products (bags, carriers), grooming and wellness products.

(Reuters) — T-Mobile US (NASDAQ:TMUS) plans to cut nearly 5,000 jobs, or about 7% of its workforce, in the United States, the telecom giant said on Thursday, as it grapples with higher customer acquisition costs.

By Savyata Mishra