1 Million tech jobs to reality market, Reliance Jio's IPO, Dabur, ITR Filing, HDFC Bank, etc.

Market Briefs

Main Briefs

India's Realty Market Surpasses China with 36 Billion-Dollar Companies 

• India now has 36 realty companies valued at over $1 billion, up from 7 six years ago.

• China's count has declined from 100 to 30 due to market challenges.

• The 2024 GROHE-Hurun India Real Estate 100 report highlights India's robust real estate growth.

• Mumbai leads with 33 companies in the top 100, followed by Bengaluru, New Delhi, and Gurugram.

• DLF is the most valuable developer at ₹2 lakh crore, followed by Macrotech Developers and IHCL.

• Adani Realty entered the top 10 for the first time with a 62% valuation increase.

• Sobha is the top employer with 26,275 employees.

• The cumulative value of India's top realty firms has risen by 70%, to $171 billion.

• Two women-led companies, Brigade Enterprises and Taj GVK, are in the top 100.

1 Million Engineers Needed: India’s Tech Industry Urges for Major Educational Reforms

• Over 1 million advanced-skilled engineers needed in India's tech sector within 2-3 years.

• Existing workforce requires significant reskilling in AI, big data analytics, and cyber-security.

• New graduates will fill only 25% of the advanced tech jobs.

• TCS has 80,000 unfilled positions due to skill mismatches; Larsen & Toubro's IT unit lacks 20,000 engineers.

• Nasscom warns the digital talent demand-supply gap will grow from 25% to 29% by 2028.

• Poor schooling and lack of practical skills in college contribute to the skill gap.

• India’s tech sector, worth $250 billion, represents 7.5% of the national GDP and employs 5.4 million people.

• Economists like Raghuram Rajan emphasize the need for improved education to sustain growth.

Indian Briefs, You Can’t Miss:

1. Chartered Accountants Report Delays Due to Slow AIS ITR E-Filing Portal

2. HDFC Bank Negotiates 20% HDB Financial Stake Sale with Credit Funds

3. TCS Clears Delayed Hiring Backlogs, Adds 11,000 Trainees in Q1FY25

4. Reliance Jio's IPO Listing May Hit Rs 9 Lakh Crore Valuation: Jefferies

5. Qatar Opens Doors to UPI Payments for Indian Nationals

6. Dabur Achieves Unprecedented Growth, Adds 2 Lakh Outlets in FY24

7. Bangalore Metro Awards Rs 766 Crore Order to Siemens-led Consortium

8. Shoppers Stop to Launch Large Format Outlets, Featuring Aditya Birla's The Collective

9. CARE Ratings Predicts 3-6% Decline in Commercial Vehicle Sales for FY25

World Briefs

• Starlink Set to Enter Sri Lankan Telecom Market with Government Approval

• Donald Trump Scheduled to Speak at Bitcoin 2024 Conference

• PepsiCo Misses Revenue Targets as Snack and Soda Demand Slows

• BMW to Recall 390,000+ Vehicles in US Due to Airbag Inflator Issues

• Samsung Targets Chinese Market with Custom AI Features

• Apple's iPhone Tap-to-Pay to Open Up to Competitors as EU Approves Plan

AI Briefs

• SoftBank Secures Acquisition of UK AI Chipmaker Graphcore

• New Prompt Playground by Anthropic's Claude Boosts AI App Development

• Perplexity AI Brings Pro Search Feature to Android Users

• AI Startup Investments Soar Over 100% in Q2, Crunchbase Reveals

Company Of The Day

Company Name:  Dabur India

• Founder: S.K. Burman

• Year Of Foundation: 1884

• Headquarter: Ghaziabad, Uttar Pradesh, India

• Industry:

  Dabur is an India’s leading FMCG Companies with Revenues of over Rs 7,680 Crore & Market Capitalisation of over Rs 48,800 Crore.

• Why Is It in the News?

  Dabur Added 2 Lakh Outlets in FY24. A Massive Jump.