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TCS overhauls hiring process
Tata Consultancy Services has shaken up its contract hiring process by onboarding US-based Pontoon Solutions as an intermediary between the company and its staffing vendors. Vendors, which once dealt directly with TCS’s Resource Management Group, must now route all hiring through Pontoon’s platform, where mandates are posted, resumes submitted, and initial screenings handled. The move, aimed at transparency and streamlining, has unsettled long-time partners, especially with a proposed 2% service fee per shortlisted candidate. As TCS tightens costs and trims staff amid global headwinds, is this the future of IT hiring?
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Paytm’s comeback story
In 2024, Paytm’s payments bank faced a massive RBI clampdown over governance, KYC, and cybersecurity issues, forcing it to halt operations and triggering deep revenue loss. But rather than fold, the fintech giant went into survival mode: slashing costs, freezing hiring, and automating backend ops. By Q1 FY26, it swung back to profit with ₹123 crore in net gains, even as revenue stayed muted. Much of the revival stems from brutal efficiency, downsizing non-core teams like FASTag, leaning into AI, and reducing Esop and marketing expenses. Still, Paytm’s future hinges on reviving growth via lending, credit cards, and new bets like UPI monetisation and international markets.
Read more.
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How micro-influencers are quietly shaping India’s election discourse
As Bihar gears up for state elections, political messaging is going hyper-local. Micro and nano influencers, often with just a few thousand followers, are tapping regional dialects, humour, and grassroots issues to engage young voters. While some creators are part of structured campaigns by political parties, others are independently spotlighting issues like jobs, potholes, welfare schemes, and voter awareness. These regional influencers are not always pushing party propaganda; instead, they reflect local mood and realities. Yet, political content is risky terrain. Many influencers tread carefully, wary of backlash and brand damage. Can regional creators redefine political engagement without losing their voice?
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Orios eyes partial exit from Country Delight
Country Delight’s early investor, Orios Venture Partners, is set to partially exit its eight-year-old stake as the D2C fresh food brand gears up for a $150-million fundraise, a mix of primary and secondary capital. Existing investors are expected to buy out part of Orios’s holding, while the startup scouts for a new investor. Although Orios wants a full exit, it’s likely to sell only part of its stake now, with more sales expected during a potential IPO. This comes amid pressure on VC firms to deliver returns to limited partners. Founded in 2015, Country Delight posted ₹1,380 crore in FY24 revenue and recently raised $25 million at an $820-million valuation.
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Two-wheeler giants brace for warranty hits
India’s top two-wheeler makers–Hero, TVS, and Bajaj–are bracing for the cost of going electric. All three have sharply raised their warranty provisions in FY25, some by over 100%, as EVs take up more space in their product mix. Early EV models are still prone to battery and electronics issues, pushing up warranty claims. Ola Electric, too, bumped up its reserves by ₹250 crore in one quarter alone. While the allocations are still a small share of revenue, they hint at the growing pains of EV manufacturing, and the cost of winning customer trust. Can these legacy giants absorb the higher risks of EVs while staying profitable and competitive in a fast-changing market?
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$10.85 million
HCL Tech CEO Vijayakumar's earnings for FY25, making him the highest-paid Indian IT CEO with a 7.9% salary increase from the previous year.
10,000
The number of AI-related job cuts in the US during July, according to Challenger, Gray and Christmas report, part of over 27,000 AI-linked cuts since 2023.
40.58%
Promoters' ownership in private listed companies as of 30 June 2025, hitting an eight-year low after net share sales worth ₹54,732 crore during the quarter.
₹4,948 crore
Shree Cement's consolidated revenue for the June 2025 quarter, up 2% from ₹4,835 crore in Q1FY25, with total sales volume at 8.95 million tonnes.
9.8 million
The number of WhatsApp accounts removed in India during June to tackle misuse, with 1.98 million banned proactively through internal abuse detection mechanisms.
6,000
The number of runs scored by England's Joe Root in the World Test Championship, making him the first player in history to reach the milestone.
₹2,495 crore
Marico's revenue from its India business for the June quarter, up 27% year-on-year, driven by 9% volume growth and price hikes.
howindialives.com
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Written by Siddharth Sharma. Edited by Alokesh Bhattacharyya.
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