In IT, industry growth and a high attrition rate are two sides of the same coin. The demand prompted aggressive hiring, talent retention and salary hikes, which caused severe margin shocks in the preceding quarters.
Ajay Singh, one of the promoters and MD of SpiceJet, on Thursday divested nearly 1 per cent stake in the budget airline for Rs 52
The mutual fund SIP stoppage ratio rose to 122.76% in February, up from 109.15% in January, as more investors discontinued SIPs than started new ones.
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