D2C footwear start-up Yoho has raised Rs 20 crore in pre-series A funding led by Rajeev Mishra, CEO of Softbank Vision Fund, Rukam Capital, and Vijay Shekhar Sharma, founder of Paytm, along with participation from other investors.

Funds will be used by the company to create capabilities for new product propositions and sustainable manufacturing standards.

Owing to recession fears in the West, attrition rates in IT companies may remain near 20 per cent in the coming months, as reported by Livemint.

Tata Consultancy Services (TCS), in its quarterly results announced on Monday, said that attrition rose to over 21 per cent in the second quarter of the current financial year (Q2FY23). This was 19.7 per cent in Q1FY23.

Adani Data Network has been granted unified licence for access services, which enables it to provide all telecom services in the country, according to two official sources.

Adani Group entered the telecom sector after buying spectrum in the recent auction.

"Adani Data Networks has been granted UL (AS)," an official source said. Another official said that the permit was granted on Monday.

India's green energy companies, such as Adani Greens, owned by billionaire Gautam Adani's Adani Group, and carbon offsetters like EKI Energy Services, have come together to develop a carbon credit market to help achieve energy transition goals.

India is one of the world's biggest greenhouse gas emitters and it aims to reach net zero emissions by 2070.

The Enforcement Directorate (ED) arrested TMC MLA Manik Bhattacharya in the early hours of Tuesday after night-long questioning in connection with the irregularities in the recruitment of primary teachers, officials said.

Bhattacharya, the former chairman of the West Bengal Board of Primary Education, was arrested for allegedly not cooperating with the investigation, they said.

Shares of sugar companies were in focus and trading higher by up to 13 per cent on the BSE in Tuesday’s intra-day trade in an otherwise weak market on expectation of stable operational performance going forward.

Ugar Sugars rallied 13 per cent to Rs 75.35, while Shree Renuka Sugars, Avadh Sugar & Energy, Uttam Sugar, Dalmia Bharat Sugar, Dhampur Sugar, Triveni Engineering, Dwarikesh Sugar and Balrampur Chini Mills were up in the range of 2 per cent to 5 per cent.

The Andhra Pradesh government is all set to enhance the quarterly tax on transport vehicles to raise an additional revenue of Rs 200 crore.

Chief Minister Y S Jagan Mohan Reddy, at a recent meeting on resource mobilisation, gave the clearance to the quarterly tax hike proposal, official sources said here.

E-commerce giant Amazon has announced that it will invest more than one billion euros to further electrify its transportation fleet across Europe over the next five years.

The company said it is using thousands of zero-emission vehicles across its European operations, and this investment will add thousands more, accelerating Amazon's progress toward becoming net-zero carbon by 2040 -- 10 years ahead of the Paris Agreement.

India’s expected surge of rich consumers is driving the jewelry unit of Indian conglomerate Tata Group to triple its Zoya-branded stores by 2027.

“There is a lot of latent demand for luxury from India and high net-worth individuals are going to explode,” Ajoy Chawla, the chief executive officer of Titan Co., India’s biggest jeweler, said in an interview. “This is just the beginning for luxury.”

IT giant Tata Consultancy Services (TCS) said it was willing to hire at least 10,000 to 12,000 freshers in the ongoing year apart from the 35,000 it onboarded till September 30, as attrition rate remains above 20 per cent.

TCS on Monday announced its results for the quarter that ended on September 30. The attrition rate for the company’s IT Services business stood at 21.5 per cent in the last twelve months (LTM). While the top leaders said the attrition may moderate in coming quarters, it was expected to remain higher than the company’s target.

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