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[ad_1] NEW DELHI: HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services. At the close of trade, HDFC Bank, which recently completed the merger of its mortgage financier parent HDFC into itself, commanded a market capitalisation (mcap) of Rs 12,72,718.60 crore, which was Rs 5,826.95 crore more than TCS ' Rs 12,66,891.65 crore valuation on the BSE. Shares of HDFC Bank ended at Rs 1,688.50 apiece, up 0.22 per cent on the BSE. During the day, it climbed 0.36 per cent to Rs 1,690.95. However, shares of TCS dipped 0.25 per cent to end at Rs 3,462.35 each. During the day, it fell 1 per cent to Rs 3,436. HDFC, the parent of HDFC Bank, merged into the lender on July 1. The USD 40 billion merger, the largest such deal in the Indian corporate history, was driven by a changing regulatory landscape, which limited the advantages for HDFC continuing as a non-bank lending entity. Reliance Industries is the ...

[ad_1] New Delhi:  The tech industry has experienced a growth in full-time job opportunities while contractual and part-time jobs witnessed a decline from April 2019 to April 2023 in India, a new report has shown. The data released by leading job portal Indeed showed sluggish job growth in part-time and contractual tech jobs, with only a 3 per cent increase in share from April 2019 to April 2023. During the peak of the Covid-19 pandemic in 2021, demand for gig workers representing part-time or contractual positions increased by 23 per cent. In an ever-changing post-Covid-19 landscape, this increase reflected the industry's growing reliance on flexible talent, with businesses seeking specialised skills for specific tasks or projects, according to the report. “Our data indicate a slight decline in the number of gig workers in the most recent period analysed, possibly indicating professionals to tap into emerging avenues and diversify their career paths further," said S...