Karnataka Considers One-Time Settlement of Contractor Dues
The Karnataka government is mulling a one-time settlement plan to address pending dues of Rs 320 billion owed by eight departments, including the Bruhat Bengaluru Mahanagara Palike (BBMP), to private contractors across the state.This proposal was discussed in a meeting between Deputy Chief Minister D K Shivakumar and Karnataka State Contractors’ Association president R Manjunath in Bengaluru. Manjunath noted that small- and medium-scale contractors were the most affected by the prolonged payment delays, with some waiting for up to two years.The Deputy Chief Minister directed officials to pri..
Datta Infra Appoints Kirti Manucha as HR Head
Datta Power Infra, a leading Indian infrastructure and renewable energy firm, has appointed Kirti Raj Manucha as its new Head of Human Resources, effective April 2025. The move reflects the company’s commitment to aligning its expanding operations with a forward-looking and resilient people strategy.With nearly 30 years of experience across multiple industries, Manucha brings deep expertise in human capital transformation. In her new role, she will oversee key HR functions including workforce planning, talent management, leadership development, and the digital transformation of HR processes...
JM Financial Bets on Banks, Defence, and Infra
JM Financial has unveiled its India Model Portfolio with a strategic overweight on sectors such as banking, real estate, telecom, infrastructure, and defence, while maintaining an underweight position on internet platforms, utilities, cement, pharmaceuticals, and consumer staples. The brokerage described this sectoral positioning as part of a broader thematic view influenced by improving macroeconomic indicators, a more growth-oriented Reserve Bank of India (RBI), and valuation divergences across market capitalisations.JM Financial's portfolio reflects a +119 basis points (bps) overweight on b..
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