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Cognizant offering salaries between ₹4-12 lakh to fresher engineers, says EVP Surya Gummadis amid social media backlash

LivemintLivemint · 1y ago
Cognizant offering salaries between ₹4-12 lakh to fresher engineers, says EVP Surya Gummadis amid social media backlash
Medial

IT company Cognizant has clarified that its ₹2.52 lakh annual salary offer is for non-engineering degree holders, while fresh engineering graduates can earn salaries ranging from ₹4-12 lakh annually. The company faced online criticism for offering low salary hikes of 1 percent, but this represents the lower end of a 1-5 percent range based on individual performance. Cognizant emphasizes its investment in training and upskilling fresh graduates, with hundreds of non-engineering associates having advanced to key positions within the company. Additionally, Cognizant affirms its commitment to remaining competitive with its compensation strategy.

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Festive Rush Sparks Speed War: Quick Commerce & Ecommerce Battle For Fastest Deliveries

Inc42Inc42 · 1y ago
Festive Rush Sparks Speed War: Quick Commerce & Ecommerce Battle For Fastest Deliveries
Medial

- Efficient supply chain is crucial for the long-term sustainability of India's quick delivery realm. - Same-day and next-day deliveries have seen a significant increase during peak periods, now accounting for 12-15% of total ecommerce deliveries. - Ecommerce platforms are now focusing on swift deliveries (same day or next day) during the festive season, compared to the earlier timeline of 4-5 days. - Demand for fast deliveries has surged compared to last year's festive sales. - Quick-commerce players are expected to capture a significant portion of the customer base seeking instant gratification. - Ecommerce platforms are striving to stay ahead of the delivery curve and ensure no shopper is left craving amid the festive rush.

Groww strengthens lead in stock broking space in November as Zerodha sees further decline

EntrackrEntrackr · 1m ago
Groww strengthens lead in stock broking space in November as Zerodha sees further decline
Medial

url: https://entrackr.com/fintrackr/groww-strengthens-lead-in-stock-broking-space-in-november-as-zerodha-sees-further-decline-10897857 Content: Amid a slowdown in India’s retail broking industry, overall active users remained flat in November at 4.5 crore (45 million). Groww continued to dominate with a 26.84% market share and recorded marginal user growth, while Zerodha, Angel One and others saw a decline in clients. Recently listed wealth-tech platform Groww was one of the only major players to record growth in November 2025. According to NSE data, Groww added around 42,000 active demat accounts during the month, keeping its total client base at around 1.2 crore (12 million). As of 12:13 PM today, Groww’s share price is trading at around Rs 143 per share, with a market capitalization of Rs 88,436 crore or roughly $10 billion. Among major brokers, Zerodha saw the biggest drop in users this month, shedding nearly 1 lakh clients. Its total user base is now 69.24 lakh with a 15.38% market share. Angel One is close behind with a 15.09% share and 67.95 lakh clients after losing over 55,000 users in November. Upstox, at the fourth spot, also lost more than 65,000 accounts and now has a 4.78% market share with 21.52 lakh clients. Among traditional players, ICICI Securities and SBI Caps added around 19,000 and 30,000 accounts, respectively. Paytm also gained about 22,000 new accounts, while most other brokers, including HDFC and Kotak Securities, saw declines. Emerging brokers continued to show mixed trends. Recently turned unicorn Dhan maintained a steady user base of 9.8 lakh with a 2.18% market share, while INDmoney and PhonePe’s Share.Market saw month-on-month declines of 2.84% and 4.28%, respectively. Between January and November 2025, active demat accounts across major brokers dropped from a peak of 4.96 crore (49.64 million) to 4.50 crore (45 million), reflecting a broader slowdown in market participation.

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