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<ul><li><keyword id="132652" type="General" weightage="100" keywordseo="cleartrip" source="Orion">Cleartrip</keyword> to increase its workforce to 700 employees, a three-fold increase from October last year.</li><li>Earlier this quarter, the <keyword id="7254678" type="General" weightage="20" keywordseo="travel-aggregator" source="Orion">travel aggregator</keyword> had increased its workforce by 60%.</li><li>The hiring will be done in technology and product teams and across various destinations in India.</li></ul>Cleartrip, a Bengaluru-based travel aggregator website, is looking forward to ramping up its workforce by 400 employees by December 2022. Hiring of 400 employees will take the workforce to a total of 700 employees, a three-fold increase from 240 employees in October 2021. The hiring will be done in technology and product teams and across various destinations in India — Goa, Karnataka, Kerala, Tamil Nadu, Maharashtra, Gujarat, Jammu and Kashmir, Himachal Pradesh, West Bengal, Madhya Pradesh, Rajasthan and Punjab. Earlier this quarter, the travel aggregator had increased its workforce by 60%. Large number of hiring was dedicated towards its plans to scale up its hotel category business. When asked about the reason behind this massive hiring spree, Ayyappan Rajagopal, chief executive officer (CEO) of Cleartrip said, “Cleartrip is actively hiring for their upcoming tech park in Chennai where all the technology-related backhand work will be handled so that we can reach the target of 400 employees by the end of this year.” He further said, “By hiring top talent from the industry across levels, we are infusing fresh energy and ideas into our teams, setting us up for success. As we move forward in 2022, one of our key goals this year is to bring more offerings, scale up our existing verticals to bring more digitally-enabled travel experiences for our customers to boost their confidence while travelling during what has been a difficult time.” The announcement comes after Cleartrip’s acquisition by the Flipkart Group, part of US-based Walmart Group, which has accelerated the brand’s growth strategy to make an end-to-end travel app for the company by the end of 2022. In 2021, e-commerce giant Flipkart had <a href="https://www.businessinsider.in/business/news/flipkart-acquires-cleartrip-in-an-effort-to-cement-its-position-in-the-travel-booking-segment/articleshow/82081931.cms">acquired</a> a 100% stake in Cleartrip, making it a Flipkart Group company. Cleartrip has raised a total of $56.4 million in funding over 7 rounds, as per data from Crunchbase. Their latest funding was raised on October 29 last year in a secondary market round. Founded in 2006, Cleartrip is an online travel firm for booking flights, train tickets, hotel reservations, and activities in India and the Middle East countries. It holds offices across India, UAE, Saudi Arabia and Egypt. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/sharechat-to-acquire-short-video-platform-mx-takatak-for-around-4500-crore/articleshow/89479244.cms">ShareChat to acquire short video platform MX TakaTak for around ₹4,500 crore</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/international/news/two-indian-cities-are-in-global-top-10-of-the-most-congested-places-to-drive-through-take-a-guess/slidelist/89476030.cms">Two Indian cities are in global top 10 of the most congested places to drive through – Take a guess</a>

Online travel booking portal Cleartrip to increase its workforce by 400 by the end of this year

<ul><li>SBI is inviting applications to hire 48 Specialist Cadre Officers.</li><li>The last date to apply for the opportunity is February 25.</li><li>Candidates can expect a basic monthly salary of ₹36,000 with added perks and benefits.</li></ul><keyword id="6354731" type="General" weightage="20" keywordseo="State-Bank-of-India" source="Orion">State Bank of India</keyword> (SBI) has rolled out a notification inviting applications for the recruitment of Specialist Cadre Officers across various locations in India.The online portal for filling out applications is open till February 25. Candidates will have to appear for an online written test, which will be conducted on March 20, and personal interview. Candidates who clear the online examination will later be called for an interview by email or will be uploaded on the bank's website. Candidates can expect a basic monthly salary of ₹36,000 with added perks and benefits as per bank’s salary structure. These are the vacancies — <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Post </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of vacancies </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Assistant Manager (Network Security Specialist) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Assistant Manager (Routing &amp; Switching) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">33 </td></tr></tbody></table> Eligibility criteria for the roles — <ol><li>For Assistant Manager (Network Security Specialist) — Candidates must have 3 years of hands-on experience in managing the network of any reputed organisation with at least 1.5 years in either Level-2 resource in an organisation in the business of providing Network Services or as technical assistance centre (TAC) resource in an original equipment manufacturer (OEM) in the field of network security devices such as firewall, IPS etc. or have experience in managing network security for any organisation in BFSI sector with minimum 60% marks in graduation from a recognised university/institute. </li><li>Assistant Manager (Routing &amp; Switching) — Candidates must have 3 years' of hands-on experience in managing the network of any reputed organisation with at least 1.5 years in level-2 resource in an organisation in the business of providing Network Services or as TAC resource of an OEM in the field of network security devices such as firewall, IPS etc. or experience in managing network security for any organisation in BFSI sector with 60% marks in bachelor’s degree from any recognised university/institute. </li></ol>Candidates belonging to general/other backward class/economically weaker section (EWS) will also have to pay an application fee of ₹750. Interested candidates can fill out the online form <a href="https://bank.sbi/web/careers">here</a> and can seek out more information <a href="https://sbi.co.in/documents/77530/11154687/04022022_SCO_26_Asst.Mgr1.%28NetwSecuSpl.%29+2.%28RoutSwit%29.pdf/a3c9bf01-ab35-d47e-684b-8c04b6b13d4a?t=1643982749841">here</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/google-releases-android-13-first-developer-preview-with-new-privacy-security-features-and-more/articleshow/89495916.cms">Google releases Android 13 first developer preview with new privacy, security features and more</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/online-travel-booking-portal-cleartrip-to-increase-its-workforce-by-end-of-this-year/articleshow/89481099.cms">Online travel booking portal Cleartrip to increase its workforce by 400 by end of this year</a>

SBI is hiring 48 assistant managers across India with a monthly salary of ₹36,000 per month

In this day and age where social media and e-commerce are ruling the digital space, half a dozen <keyword id="950489" type="UNKNOWN" weightage="100" keywordseo="travel-e-commerce">travel e-commerce</keyword> companies have plans to take about 1,500 people onboard in the coming year. Most of these hirings would be done for technology, product development and marketing profiles. 
 This has come at a point when most startups are finding it hard to stay afloat. However, the travel industry has its own reasons to not get affected by the downfall in the startup sector. With frequent flash sales that have made flying cheaper, leisure travel is the new in thing for urban Indians. With this, the travel market is showing signs of promise, and travel companies like <keyword id="984795" type="UNKNOWN" weightage="100" keywordseo="goibibo">Goibibo</keyword>, <keyword id="944934" type="COMPANY" weightage="100" keywordseo="TravelTriangle">TravelTriangle</keyword> and <keyword id="2759998" type="UNKNOWN" weightage="100" keywordseo="iTraveller">iTraveller</keyword> have plans to increase their staff to at least double of what already is. 
 Other established players, like <keyword id="6362992" type="COMPANY" weightage="100" keywordseo="yatra">Yatra</keyword>, <keyword id="54613" type="COMPANY" weightage="100" keywordseo="makemytrip">MakeMyTrip</keyword> and <keyword id="132652" type="COMPANY" weightage="100" keywordseo="Cleartrip">Cleartrip</keyword>, have plans to hire for their technology teams. 
 
For working professionals too, travel space is an exciting place to be. "Travel is a great place to be in because it's so realtime and dynamic. I like the energy of constantly being updated and ahead of the curve," Vaibhav Arora, digital marketing manager at TripHobo, told ET. 
 
These perks include easy access to travel and hotel deals, not to forget constant updates about discounts and good times to book airline tickets. 
 
<a href="http://www.arabianindustry.com/static/content/images/larger1/jc-368217.jpg">Image source</a>

Travel e-commerce companies to offer 1,500 jobs in the coming year

If you have leadership qualities and talent to create wealth, you fit the bill. E-Commerce companies like Flipkart, Amazon, Ola, Uber, Jabong, etc are hiring and offering huge salaries. If estimates of headhunting firms are to be believed, they could roll out 500 jobs with salaries of more than Rs 1 crore each this year. 
 
As per the five search firms including RGF Executive Search and Longhouse Consulting, Snapdeal, Quikr, CommonFloor, Yepme, OLX, Junglee, FashionAndYou, Hungama, BookMyShow, Cleartrip and Lenskart are among companies offering jobs with one-crore-plus salaries. 
 
Flipkart, Amazon and Snapdeal account for a huge chunk of these offers. 
 
Siddharth Raisurana, Director at ABC Consultants told Economic Times the company conducted more than 100 senior-level searches for e-Commerce companies in the past six months. 
 
The executive search division of CareerNet, Longhouse Consulting, is looking at a dozen plus mandates a month. 
 
"We have 70-80% of our business coming from e-Commerce and expect to handle 180-200 mandates this year, up from 75-85 last year," Anshuman Das, managing partner, Longhouse Consulting, told ET. 
 
"We are filling in at least one position a day at the leadership level," GC Jayaprakash, executive director at RGF Executive Search, told the financial daily. 
He added that the companies were willing to pay a premium to attract top talent that would lead to wealth creation and high valuation if they go ahead with an IPO. 
 
Meanwhile, human resource heads of e-Commerce companies also agreed on the estimates. 
 "Investors are bringing hundreds of millions of dollars. We can spend it either on infrastructure or people. And that's what they are doing - investing in people," the <keyword id="231518" type="POSITION" weightage="80" keywordseo="Human-Resource-Head">human resource head</keyword> of one of the leading online retailers, on conditions of anonymity, told ET. 
 
The financial daily also reported that the HR head of another online retailer was currently scouting for such senior level talent for several of its revenue generating core functions. 
 "This year also we are looking at 30-40% increase in hiring across the board and a corresponding increase in leadership levels," said Raj Raghavan, head-HR, <keyword id="6354743" type="COMPANY" weightage="60" keywordseo="Amazon-India">Amazon India</keyword>. He declined to comment on salaries. 
 
Even Snapdeal is looking to beef up leadership hiring. 
 
(Image: Reuters)

How about a Rs 1 cr salary package! Know how to get one

<ul><li>IT companies may not be hiring talent as slowdown curbs growth, but employees continue to search for jobs online. Naukri’s monthly active users at 12.1 million. </li><li>Cricket continued to give a boost to online food ordering apps in March. Daily active users online continue to increase month-on-month. </li><li>Despite the popularity of dating apps, young Indians continue to frequently visit online marriage portals and apps to find their true love. Matrimony apps see a jump in monthly and daily active users in March. </li></ul>On the face of it, there may be little or no connection between the white willow and online food ordering, but data shows that women in blue made Indians rather hungry in the month of March. And yes, most Indians also are as keen on marriage as ever, with matrimonial portals continuing to see higher month-on-month user metrics and app downloads. Three years after the pandemic struck, Indians are still addicted to their apps and are still looking for their dream job, if they are not planning their next vacation. From ordering food online to looking for jobs and homes online, Indian consumers are not putting the brakes on their online purchases just yet, even after the economy opened up completely post the lockdowns. App downloads continued in March as did higher monthly traffic across key consumer tech platforms. In the month of March, monthly and daily active users continued to surge across apps catering to consumer needs like online food ordering, travel, property rentals/purchases, groceries or even jobs. Yes, job searches have seen an unprecedented surge in the month of March shows data from Sensor Tower’s monthly data print. Leading technology services players may have slowed down on hiring, but employees are still flocking to job portals. According to a report by Bank of America, Naukri maintained its totem pole position in MAUs (monthly active users) with 12.1 million (+7.2% month on month) users and witnessed increase in daily active user base at 2.1 million (+6% MoM) in <keyword id="10294782" type="General" weightage="20" keywordseo="march-2023" source="Orion">March 2023</keyword>. LinkedIn has the highest DAUs or daily active users at 3.7 million and is a clear leader in terms of user retention at 33% followed by Naukri at 18%, says the report. Data shows that consumer apps have continued to see good traction in the month of March 2023 compared to February. What consumers have been interestingly visiting less frequently —- are the beauty apps like Nykaa and Purplle — whose traffic is down month-on-month. Beauty brands believe that omnichannel and physical store visits are the reason for the decline in online purchases. Food delivery &amp; grocery continue to see demand According to Bank of America’s India Internet report, a majority of online food delivery apps saw an increase in fresh app downloads and user metrics, while Swiggy saw a marginal decline in fresh downloads. Online food delivery apps launched special match day games to increase engagement, which resulted in higher ordering too. While Zomato launched ZPL prediction, Swiggy launched Match Day Mania. Not surprising that monthly active users of Zomato and Swiggy grew 4.9%/4.6% MoM to 53 million/35 million. Daily active users for both Zomato and Swiggy increased 2-3% MoM to 6.1 million/4.4 million, respectively. Domino’s Pizza continued to be third in all metrics. Swiggy showed a higher retention at 13% vs Zomato at 11%. Real estate continues to be hot property online Housing continued to see the highest online traffic, as searches for rented and ownership continued to jump. Both monthly active users and app downloads were healthy for online players. Monthly active users increased sequentially for all the apps catering to housing, while daily active users grew for 99acres and Housing. Traffic on Magicbricks remained stable. Monthly active users on 99acres MAUs witnessed steep growth +14.3% compared to February. In terms of user retention, Housing continues to lead at 11%, followed by 99acres and Magicbricks at 9%. Revenge travel is still a big deal With the onset of summer, consumers are planning their next trip, which has resulted in strong traction for online travel apps like Cleartrip and Makemytrip. User metrics improved for Cleartrip, GoIbibo and MakeMyTrip; while Yatra and EaseMyTrip witnessed a decline, says Bank of America. MakeMyTrip monthly and daily users inched upwards (+9%/4% MoM) ahead of the upcoming summer holiday season in May/June 2023. Cleartrip MAUs/DAUs both grew 44.8% MoM to 1.3 million /0.1 million, respectively, majorly driven by launch of bus services in over 90 cities and various offers like zero convenience fees and flat 10% off on all bus bookings. MakeMyTrip continues to be the leader in MAUs, DAUs and retention; with 15.8 million MAUs/1.5 million DAUs while Goibibo has 8.5 million MAUs/ 0.7 million DAUs. High five for fashion apps As social distancing has given way to more contact intensive interactions, demand for fashion apparel has also increased meaningfully. Consumers continue to look for bargains online and Ajio’s All Star sale has delivered the numbers. According to data, Ajio’s monthly active users showed a sharp increase sequentially as downloads of the app increased. Ajio’s MAU/DAU base rocketed 22%/26% sequentially. Myntra/Nykaa Fashion’s MAU base improved 3% MoM each while DAU base saw a slight 1-2% decline. In terms of user retention, Myntra is at 17% followed by Ajio at 16%, says the report. Marriages are forever Young Indians continue to look for their perfect partner. User metrics and downloads witnessed an increase across all apps. Shaadi.com continued to be a leader with monthly and daily active users at 9 million/2.9 million, respectively in March 2023. Jeevansathi’s monthly numbers grew 13% month-on-month, while daily users increased by 8% compared to February. BharatMatrimony user metrics remained largely stable. Jeevansathi has the highest user retention at 34% followed by BharatMatrimony at 33%. SEE ALSO <a href="https://www.businessinsider.in/stock-market/markets/news/-some-sectors-will-benefit-from-lower-energy-prices-in-fy24-a-balasubramanian/articleshow/99722850.cms">Earnings to remain volatile in FY24, but some sectors will benefit from lower energy prices, says Aditya Birla Sun Life MF’s CEO A Balasubramanian</a> <a href="https://www.businessinsider.in/business/corporates/news/zepto-preps-for-public-listing-in-2-years-brings-in-ramesh-bafna-as-cfo-to-lead-ipo-process/articleshow/99514143.cms">Zepto preps for public listing in 2 years; Brings in Ramesh Bafna as CFO to lead IPO process</a>

Consumers continue to throng apps in search of Roti, Kapda & Makaan, March sees healthy user metrics and app downloads

<keyword id="28168" type="TECHNOLOGY" weightage="20" keywordseo="Smartphone">Smartphone</keyword> maker <keyword id="1731609" type="COMPANY" weightage="20" keywordseo="Oppo">OPPO</keyword> on Friday said that it is all set to launch A74 5G in India on April 20. According to the company, the upcoming smartphone is going to be company's first 5G-ready phone under ₹20,000. The brand has been consistently working to bring in customer-centric meaningful innovations and advanced technologies across its portfolio, the company said in a statement. This is OPPO's first phone with 5G compatibility in the pocket friendly segment, it added. The upcoming smartphone will a 90Hz refresh rate. According to <keyword id="2666663" type="COMPANY" weightage="20" keywordseo="Gizmochina">GizmoChina</keyword>, the smartphone might feature a 6.5-inch IPS <keyword id="6381337" type="COMPANY" weightage="20" keywordseo="LCD">LCD</keyword> screen that delivers an FHD+ resolution. It is likely to be powered by Snapdragon 480 chipset and paired with 6GB RAM and 128GB internal storage. OPPO A series phones have time and again proved expertise in delivering futuristic state-of-the art technology innovations, user-friendly design aesthetics, trendy and fashionable form factor and all this at a competitive price point, the company said. The Chinese smartphone maker recently launched a new smartphone under its F series, <keyword id="11031735" type="COMPANY" weightage="20" keywordseo="f19">F19</keyword>, for the India market. Priced at ₹18,990 for the sole 6GB+128GB storage variant, <keyword id="7164385" type="COMPANY" weightage="20" keywordseo="oppo-f19">OPPO F19</keyword> comes in two colour variants -- prism black and midnight blue. SEE ALSO: <a href="https://www.businessinsider.in/business/news/flipkart-acquires-cleartrip-in-an-effort-to-cement-its-position-in-the-travel-booking-segment/articleshow/82081931.cms">Flipkart acquires Cleartrip in an effort to cement its position in the travel booking segment</a> <a href="https://www.businessinsider.in/science/health/news/remdesivir-injection-price-jumps-five-times-as-covid-19-cases-rise/articleshow/82083414.cms">The utter chaos and confusion over Remdesivir in India is making the COVID-19 second wave worse</a> <a href="https://www.businessinsider.in/careers/news/jira-and-trello-maker-atlassian-is-looking-to-hire-300-engineers-in-india-in-2021/articleshow/82083765.cms">Atlassian, the maker of Jira and Trello, is looking to hire 300 engineers in India this year</a>

OPPO A74 smartphone with 5G support and 90Hz display to launch in India soon, to be priced under ₹20,000

Equity benchmark <keyword id="6484188" type="PERSON" weightage="20" keywordseo="sensex">Sensex</keyword> advanced over 150 points in early trade on Friday, tracking gains in index majors <keyword id="45123" type="CITY" weightage="20" keywordseo="HDFC">HDFC</keyword> twins, <keyword id="106317" type="CITY" weightage="20" keywordseo="Asian-Paints">Asian Paints</keyword> and <keyword id="141968" type="CITY" weightage="20" keywordseo="HCL-Tech">HCL Tech</keyword> amid largely positive cues from global markets. The 30-share BSE index was trading 160.43 points or 0.33 per cent higher at 48,964.11. Similarly, the broader <keyword id="372424" type="COMPANY" weightage="20" keywordseo="NSE-Nifty">NSE Nifty</keyword> rose 63.35 points or 0.43 per cent to 14,644.80. UltraTech Cement was the top gainer in the Sensex pack, rising over 2 per cent, followed by Asian Paints, HCL Tech, HDFC, <keyword id="11107551" type="UNKNOWN" weightage="20" keywordseo="tech-mahindra-and-mm-">Tech Mahindra and M&amp;M.</keyword> On the other hand, ICICI Bank, Reliance Industries, Bajaj Finance and Axis Bank were among the laggards. In the previous session, Sensex ended 259.62 points or 0.53 per cent higher at 48,803.68, and <keyword id="6354813" type="COMPANY" weightage="20" keywordseo="Nifty">Nifty</keyword> advanced 76.65 points or 0.53 per cent to 14,581.45. Foreign institutional investors were net buyers in the capital market as they purchased shares worth ₹979.70 crore on Thursday, according to provisional exchange data. "A continued surge in the second wave of COVID-19 cases in the country, which already crossed 2 lakh daily cases, has certainly dented investors' sentiments. "However, the government's strong effort to expedite vaccination progress in the country by allowing multinational vaccines in domestic markets and absence of complete lockdown in <keyword id="13126" type="COMPANY" weightage="20" keywordseo="Maharashtra">Maharashtra</keyword> and Delhi offered some comfort to equities," said Binod Modi Head-Strategy at Reliance Securities. Elsewhere in Asia, bourses in Shanghai, Hong Kong and Tokyo were trading on a positive note in mid-session deals, while Seoul was in the red. Equities on Wall Street too ended with gains in overnight sessions. Meanwhile, international oil benchmark Brent crude was trading flat at USD 66.94 per barrel. SEE ALSO: <a href="https://www.businessinsider.in/business/news/flipkart-acquires-cleartrip-in-an-effort-to-cement-its-position-in-the-travel-booking-segment/articleshow/82081931.cms">Flipkart acquires Cleartrip in an effort to cement its position in the travel booking segment</a> <a href="https://www.businessinsider.in/science/health/news/remdesivir-injection-price-jumps-five-times-as-covid-19-cases-rise/articleshow/82083414.cms">The utter chaos and confusion over Remdesivir in India is making the COVID-19 second wave worse</a> <a href="https://www.businessinsider.in/careers/news/jira-and-trello-maker-atlassian-is-looking-to-hire-300-engineers-in-india-in-2021/articleshow/82083765.cms">Atlassian, the maker of Jira and Trello, is looking to hire 300 engineers in India this year</a>

Sensex jumps over 150 points in early trade, Nifty tests 14,650 — UltraTech Cement, Asian Paints, HCL Tech, HDFC, Tech Mahindra and M&M top gainers

The new fiscal year 2020-21 has started for about 1.14 lakh employees of <keyword id="6368369" type="COMPANY" weightage="20" keywordseo="life-insurance-corporation-of-india">Life Insurance Corporation of India</keyword> (<keyword id="6367143" type="COMPANY" weightage="20" keywordseo="LIC">LIC</keyword>) on a happy note with over 25 per cent hike in their <keyword id="44629" type="PERSON" weightage="20" keywordseo="pay-packets">pay packets</keyword>, said a top union leader. The Central government on Thursday notified the revised pay packets for <keyword id="532212" type="UNKNOWN" weightage="20" keywordseo="LIC-EMPLOYEES">LIC employees</keyword>. The wage revision is effective from 1.8.2017. "The employees are happy with the wage revision that has come at a difficult situation. The pay hike for the employees is expected to be over 25 per cent per month," <keyword id="11107200" type="UNKNOWN" weightage="20" keywordseo="shreekant-mishra">Shreekant Mishra</keyword>, General Secretary, <keyword id="699829" type="COMPANY" weightage="20" keywordseo="All-India-Insurance-Employees-Association">All India Insurance Employees Association</keyword> (AIIEA) told IANS. He said a loading of 15 per cent has been given after 100 per cent neutralization of dearness allowance (DA) at 6,352 points of consumer price index (CPI). An additional Special Allowance ranging between ₹1,500 to ₹13,500 per month has been introduced for all cadres, which shall be reckoned for the purpose of calculation of dearness allowance (DA) but will not count for any other purpose i.e. house rent allowance, city compensatory allowance, privilege leave encashment, gratuity, superannuation benefit and others. Mishra said the overall increase in LIC's total wage bill will be about ₹2,700 crore per year. Mishra also said it will be five day week for LIC employees. "In the first round, the management offered 10 per cent wage hike and it was revised upwards in the second round to 15 per cent. We said the offer does not meet our expectations," Mishra said. According to Mishra, the 15 per cent wage hike offer was made on September 30, 2020 and the first offer of 10 per cent hike was made in March 2019. "We were having regular discussions with the management on the wage revision," Mishra said. The AIIEA had submitted a charter demanding 40 per cent wage hike. In the last wage agreement, the hike given was 25 per cent at average. Mishra said the unions next focus is to conclude wage revision for the employees of the government companies in the general insurance sector. The management of the four government owned general insurance companies are yet to call a meeting of the unions there for wage revision talks, he added. SEE ALSO: <a href="https://www.businessinsider.in/business/news/flipkart-acquires-cleartrip-in-an-effort-to-cement-its-position-in-the-travel-booking-segment/articleshow/82081931.cms">Flipkart acquires Cleartrip in an effort to cement its position in the travel booking segment</a> <a href="https://www.businessinsider.in/science/health/news/remdesivir-injection-price-jumps-five-times-as-covid-19-cases-rise/articleshow/82083414.cms">The utter chaos and confusion over Remdesivir in India is making the COVID-19 second wave worse</a> <a href="https://www.businessinsider.in/careers/news/jira-and-trello-maker-atlassian-is-looking-to-hire-300-engineers-in-india-in-2021/articleshow/82083765.cms">Atlassian, the maker of Jira and Trello, is looking to hire 300 engineers in India this year</a>

Around 1.14 lakh LIC employees to get over 25% hike in their salaries

Despite cheapest data plans and nearly 700 million internet users, <keyword id="3658" type="LOCATION" weightage="20" keywordseo="India">India</keyword> is at a dismal 49th spot globally when it comes to <keyword id="11104836" type="UNKNOWN" weightage="20" keywordseo="internet-inclusion">internet inclusion</keyword> and gender equality in accessing the world wide web, a Facebook-Economist Intelligence Unit (EIU) study has revealed. India is tied with Thailand in 49th place this year on the scores of <keyword id="11104835" type="UNKNOWN" weightage="20" keywordseo="internet-availability">internet availability</keyword> (77th position globally), affordability (20th spot), relevance (49th position) and readiness (29th) categories. "India's glaring underperformance in the availability pillar is, in <keyword id="2366428" type="PERSON" weightage="20" keywordseo="large-part">large part</keyword>, the reason for its placement, and this weak performance is owed to <keyword id="11104837" type="UNKNOWN" weightage="20" keywordseo="low-internet-usage">low internet usage</keyword> and quality and widening gender gap in mobile phone and internet access in the country," the <keyword id="6354576" type="UNKNOWN" weightage="20" keywordseo="facebook">Facebook</keyword> said in the 'Inclusive Internet Index' report. India is set to reach one billion internet users by 2025. There were over 687.6 million internet users in India in 2020. The Facebook 'Inclusive Internet Index' looked at 120 countries, representing 98 per cent of global GDP and 96 per cent of global population. Nearly 70 per cent of people around the world believed that their increased internet usage in all aspects of life signified a "new normal" that will continue indefinitely in the future. "Only 3 per cent said that no aspect of their lives had seen a dramatic shift online. Unable to meet in person, those under the most stringent lockdowns relied on the internet for nearly every conceivable activity, including forging human connections," the study showed. The majority of countries (77 out of 120) saw improvements in internet inclusion overall, in part because of increased availability. "However, the gap in availability is closing at an unacceptably slow rate, and other challenges are moving to the forefront, such as how many people are actually using the internet when it is available," the Facebook-EIU study said. People in low-income and lower-middle-income countries relied on online education during the pandemic more than those in wealthier countries and predicted that they will continue to use online channels for education even after the pandemic has subsided. "Yet schoolchildren in low- and lower-middle-income countries lost nearly 16 weeks of schooling by October 2020 due to the pandemic and significantly lower internet access and adoption, compared with only six weeks of loss in high-income countries," the report lamented. SEE ALSO: <a href="https://www.businessinsider.in/business/news/flipkart-acquires-cleartrip-in-an-effort-to-cement-its-position-in-the-travel-booking-segment/articleshow/82081931.cms">Flipkart acquires Cleartrip in an effort to cement its position in the travel booking segment</a> <a href="https://www.businessinsider.in/science/health/news/remdesivir-injection-price-jumps-five-times-as-covid-19-cases-rise/articleshow/82083414.cms">The utter chaos and confusion over Remdesivir in India is making the COVID-19 second wave worse</a> <a href="https://www.businessinsider.in/careers/news/jira-and-trello-maker-atlassian-is-looking-to-hire-300-engineers-in-india-in-2021/articleshow/82083765.cms">Atlassian, the maker of Jira and Trello, is looking to hire 300 engineers in India this year</a>

India stands at 49th position in inclusion and gender equality in accessing the internet, reveals Facebook-EIU report

<ul><li>The IPO of <keyword id="5030468" type="UNKNOWN" weightage="20" keywordseo="EaseMyTrip">EaseMyTrip</keyword> will open on March 8 and remain open till March 10. </li><li>The company has set the price band for the issue at ₹186 to ₹187 per share. </li><li>The OTA offers a range of products and services for end-to-end travel solutions, from airline tickets to rail tickets and bus tickets to taxis, holiday packages, and much more. </li><li>EaseMyTrip.com is the second largest online travel agency in India in terms of booking volume in the nine months ended December 31.</li></ul>The ₹510 crore initial public offering (IPO) of India’s second-largest online travel agency EaseMyTrip.com will hit the capital markets next week. The IPO will open on March 8 and remain open till March 10. The Delhi-based online travel agency Easy Trip Planners operate EaseMyTrip.com. The offer comprises an offer for sale of up to ₹255 crore by its promoters Nishant Pitti and Rikant Pitti, holding 49.81% and 49.68%, respectively, in the company. The company has set the price band for the issue at ₹186 to ₹187 per share. The online travel agency (OTA) offers a range of products and services for end-to-end travel solutions, from airline tickets to rail tickets and bus tickets to taxis, holiday packages, hotels, and much more. This would be the tenth initial public offering this year after Indian Railway Finance Corporation (IRFC), Indigo Paints, Home First Finance Company (HFFC), Stove Kraft, Brookfield India REIT, Nureca and RailTel recently concluded their listings. Easy Trip Planners IPO opens next week <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Issue details </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Opens on </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March 8 </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Closes on </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">March 10 </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹186 to ₹187 per share </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum bid </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">80 equity shares </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reservation for qualified institutional buyers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">75% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reservation for non-institutional buyers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reservation for retail investors </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10% </td></tr></tbody></table> Once the IPO is concluded, the equity shares will be listed on both the exchanges — BSE and NSE. Axis Capital and JM Financial are the book running lead managers for its public offering IPO. Easy Trip Planners IPO: All you need to know <ul><li>According to the CRISIL Report, EaseMyTrip.com was the only profitable online travel agency among other key agencies in India in the fiscal years 2018 to 2020. The other key players in India include Cleartrip, MakeMyTrip and Yatra Online.</li><li>EaseMyTrip.com is the second largest online travel agency in India in terms of booking volume in the nine months ended December 31.</li><li>The company has been consistently profitable over the past three years, with its profit growing from ₹3 lakh in 2018 to 32.9 crores in 2020.</li><li>In terms of annual growth in operating revenues during FY 2018 to FY2020, Easy Trip Planners Limited recorded the fastest growth at a compound annual growth rate (CAGR) of approximately 19%, among key online travel agencies in India like MakeMyTrip Limited and Yatra Online.</li><li>Indian OTA industry is expected to grow at a CAGR of 1% to 2% from fiscal 2020 to fiscal 2023 in terms of gross booking revenues.</li></ul>SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/instagram-accidentally-hid-likes-for-some-users-after-expanding-long-running-test-feature-says-cnn-report/articleshow/81308217.cms">Instagram accidentally hid likes for some users after expanding long-running test feature, says CNN report</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/instagram-accidentally-hid-likes-for-some-users-after-expanding-long-running-test-feature-says-cnn-report/articleshow/81308217.cms"></a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/paypal-which-had-shut-down-domestic-operations-in-india-now-plans-to-hire-1000-engineers/articleshow/81307572.cms">PayPal, which had shut down domestic operations in India, now plans to hire 1,000 engineers</a>

EaseMyTrip IPO is set to open on Monday — price band for the issue set at ₹186 to ₹187 per share

<ul><li>Wakefit.co, a Bengaluru-based startup was founded by <keyword id="650855" type="PERSON" weightage="20" keywordseo="Ankit-Garg">Ankit Garg</keyword> and <keyword id="1639108" type="PERSON" weightage="20" keywordseo="Chaitanya-Ramalingegowda">Chaitanya Ramalingegowda</keyword> in 2016.</li><li>In 4 years, the startup is now diversifying from its primary offering of <keyword id="9658763" type="UNKNOWN" weightage="20" keywordseo="sleep-wellness">sleep wellness</keyword> products to <keyword id="306280" type="COMPANY" weightage="20" keywordseo="Home-Solutions">home solutions</keyword>.</li><li>The startup has announced ambitious expansion plans and is also targeting Rs 450 crore revenue in FY2021. Garg and Ramalingegowda walk us through their strategy to achieve it.</li></ul> In a year when most organizations are being frugal, cutting costs and even slashing jobs, Wakefit.co recently announced that its expansion plan. It is going to invest Rs 15 crore towards setting up new facilities, expanding product lines and strengthening technological capabilities. It also aims to target Rs 450 crore in revenue for FY 2021. Moreover, the company also plans to hire close to 200 people in the next couple of months. The year 2020 has been difficult for organizations across the world. However, it is companies that have been able to adapt, stay agile and listen to its consumers and work on its offerings accordingly that have been able to weather the storm effectively. So how has Wakefit, a 4-year-old startup been able to not only grow in these adverse times without cutting any jobs but is now also looking at hiring and investing on expansion? Ankit Garg, CEO and Co-founder, Wakefit.co said, “We recently announced an investment of Rs 15 crore towards setting up of new facilities, expanding product lines and strengthening our focus on research and innovation. We believe that investing in Capex to improve quality, reduce manufacturing costs and thereby pass on the benefit to customers is the ideal way to grow a business, and we will continue to adopt that strategy while fuelling the next level of growth. As a company, our top priority will continue to be the enhancement of customer experience and satisfaction.” “As a fundamentally strong company that works on sound business values, we have always prioritized a solid balance sheet and employee welfare,” added Chaitanya Ramalingegowda, Director and Co-founder, Wakefit.co. “By virtue of these ethos, we have been able to pay full salaries to employees and avoid any layoffs during this time. In fact, being in the home solutions space, we have seen growing demand for our products, which strengthened our resolve to invest in Capex to bolster our back-end capabilities. While we have remained very frugal in marketing efforts and for potentially wasteful expenditure, we have not held back in terms of investments that will benefit the company and our hundreds of employees in the long term,” he shared. What started as an online mattress and sleep solutions startup is now diversifying its offerings too. It is now also looking at entering the home solutions space. However, that is one space that already has a few well-established players, both online and offline. So how is Wakefit.co trying to create differentiation in the segment? “With our foray into the home solutions space, we are now invested in the science and innovation of home wellness. Based on scientific research in home ergonomics, we have designed new products such as study tables, book shelves, bedside tables, coffee tables, TV units, sofas, shoe racks, and dining tables that offer superior value to customers at an affordable price. Given that we are a full stack company and own the manufacturing and back-end operations end-to-end, it is conducive to keep innovating on the products and keep the prices reasonable, yet be profitable,” explained Ramalingegowda. “Our direct-to-consumer DNA, powered by strong manufacturing capabilities, is definitely a big advantage. Currently, we have six world-class manufacturing facilities – spread across Bengaluru, Jodhpur and Delhi – to cater to the growing consumer demand,” he added. The lockdown experience The first two months when operations came to a sudden halt, there was a lot of uncertainty and confusions about the future. Supply chain had been completely disrupted. However, that halt also led to a lot of pent up demand. Moreover, with people staying more at home, they started paying more attention to wellness and sleep. “As the lockdown eased, we registered an increase in customer queries about our products. There has been a perceptible shift in customer preferences, possibly, due to prolonged stay at home as well as crucial conversations about health and well-being,” shared Garg. As working from home became the norm, Wakefit.com also witnessed an upsurge in the demand for better home solutions. “We understand that customers are creating their own efficient and ergonomic work spaces within their homes, while also filling the gaps in their home furniture needs now that they are spending more hours indoors. This has contributed to steady growth in demand over the last two months. We surpassed pre-Covid demand in June and are on track to do the same in July as well,” he added. Wakefit.co’s marketing plans for FY2021 Wakefit.co has had an interesting marketing journey so far. Last year, a campaign it did, inviting entries for its sleep internship went viral, for all the right reasons. It was a smart campaign, and appealed to a huge consumer base that was intrigued at the prospect of getting paid to sleep. More recently, another campaign the startup did featuring actors Sumit Vyas and Rasika Dugal was also widely shared, for voicing what a lot ofus had been experiencing during the first few weeks of the lockdown. So what comes next in their marketing journey? “Our goal is to build brand awareness and the best way to do it, in our opinion, is to take the stance of educating customers and to focus on innovative ideas and content that will resonate with our target audience. For instance, intelligent campaigns – such as our sleep internship campaign or the open letter campaign which went live during the lockdown period – give us opportunities to engage with our customers in meaningful ways,” said Ramalingegowda. Recently, the brand also launched the ‘Wakefit Rewards’ initiative to provide value-added benefits to its customers. It also partnered with brands like Gaana, Cleartrip, Bombay Shaving Company, Ajio, 1MG and Parentlane among others to offer value-added offers on the purchase of Wakefit.co products. The collaboration was purely on goodwill, without any commercial considerations. This allowed the partner brands to attract traffic from Wakefit.co’s users without incurring any marketing costs while Wakefit.co’s customers derived value too. On what kind of marketing budgets they are looking at allocating this year, Ramalingegowda said, “Our marketing budget allocations have always been made keeping consumer sentiment and situational awareness in mind. We do not believe in spending large marketing budgets for the sake of it or because other brands are doing it. We always think about the benefit it will add to the customer’s life and then create initiatives accordingly.” Going deeper into Bharat While the brand is expanding its offering by diversifying, its next phase of growth will also come from going deeper into the country. Already close to 30% of its demand comes from Tier II and Tier III markets. “When it comes to going deeper into the country, strategic collaborations will be the key. We work with multiple logistic partners, who have unique strengths in diverse geographies, to ensure that Wakefit.co has a robust distribution and delivery system in every corner of India. We have capabilities to deliver across 19,000+ pincodes in the country and around 30% of our demand comes from Tier 2 and 3 markets. As we grow steadily, we aim to target Tier 2 and 3 cities aggressively and target 50% demand from these markets,” shared Garg. Wakefit.co of the future Both Garg and Ramalingegowda are confident that the startup is on the right path. It will continue to keep the consumer at the heart of everything that it does. On what he thinks the Wakefit.co of the future will look like, Garg said, “The vision is to strengthen the brand and ramp up production capabilities as well as distribution network across Indian markets. Our focus is on providing cutting-edge home solutions to Indian consumers at a highly affordable price point. The idea is to create a pioneering company powered by constant innovation based on consumer data and feedback. At Wakefit.co, we are working towards inspiring healthy conversations that create greater awareness about the importance of sleep and home wellness.”

Wakefit.co is targeting Rs 450 crore revenue in FY2021. The founders tell us how they plan to reach there

Hindustan Unilever’s (HUL) senior employees are one of the best paid in the industry. HUL has 169 executives who drew eight-digit salaries last year, six times more than its closest rival ITC's 23 crorepati employees, and half of them are less than 40 years of age, according to the Economic Times. The HUL number is also 50% higher than IT major Infosys' 123 eight-digit salary earners and more than double of Wipro's 70. 
 
The firm’s annual report states, 169 managers, representing just 1% of HUL's total workforce, drew home a combined salary of Rs 310 crore. 
This is more than the total employee spends of mid-sized rivals such as Marico, Godrej Consumer and Procter &amp; Gamble Health and Hygiene. "For the kind of talent HUL looks for, the company has to pay top dollars as supply is limited and they have to retain them," Aditya Narayan Mishra, chief executive at CEIL HR Services told the ET adding that HUL has the highest number of crorepati employees in India. 
 
"Since they also create strong leadership within their organisation, retaining them becomes crucial," he said. HUL is often referred to as a 'CEO Factory', having contributed over 400 CEOs within the corporate world. 
 
Despite ecommerce edging out FMCG as the hottest career destination for B-school students, HUL still remains the most preferred company overall in the list for the graduating batch of 2015, fourth year in a row and as a dream company across sectors for the sixth year running, as per Nielsen Campus Track Business School 2015 survey. 
 
"At HUL, the ability to identify, hire, groom and retain the best talent has been honed and developed over several decades and remains one of the most important agenda of my leadership team," Sanjiv Mehta, CEO and MD at Hindustan Unilever, had told the financial daily in March this year. Salaries at HUL are partly linked to the company's performance in sales and profitability, say analysts. 
 
During 2014-15, HUL posted 9% sales growth compared to 7% in the overall FMCG growth with 90% of its portfolio gaining market share. Nitin Mathur, consumer goods analyst at Societe Generale, said: "HUL is unarguably the leader when it comes to understanding the Indian consumption patterns, across economic strata. 
 
Any competitor, either incumbents or startups, would like to leverage on this experience by hiring their executives." 
 
ET in May had reported that ecommerce companies could roll out 500 jobs with salaries of more than Rs 1 crore each this year, according to estimates by five search firms, including RGF Executive Search and Longhouse Consulting. 
 
Also offering jobs with one-crore-plus salaries are Flipkart, Amazon, Snapdeal, Ola, Uber, Quikr, CommonFloor, Yepme, OLX, Junglee, FashionAndYou, Hungama, BookMyShow, Jabong, Cleartrip and Lenskart. 
 
(Image: Think Stock)

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