Monthly Archives: January 2025

How are workforce trends redefining India’s business ecosystem by 2025?

India is undergoing a profound transformation, leveraging its geopolitical stability and robust economic momentum to solidify its position as a global business hub. As market dynamics shift, the rise of Indian conglomerates and the gig economy is redefining workforce strategies and reshaping organisational priorities. By 2025, these changes are poised to revolutionise India’s labour market, ushering in a new era of employment practices and industry evolution.advertisementAccording to Nilay Khandelwal, Senior Managing Director at Michael Page India, India’s evolving business landscape is redefining workforce dynamics. Resilient conglomerates, emerging technologies, and flexible hiring practices are driving innovation and growth across industries.PILLARS OF RESILIENCEIn a volatile global market, Indian conglomerates stand out for their resilience. While multinational corporations (MNCs) grapple with challenges such as delayed approvals and market fluctuations, Indian conglomerates continue to grow steadily.These businesses are expanding their footprint in traditional sectors while diversifying into emerging industries like renewable energy, semiconductors, and clean technologies. Their agility and focus on high-growth sectors position them as key drivers of India’s economic progress.Over the next decade, these conglomerates are expected to play an instrumental role in shaping the nation’s future. Their expansion into new sectors, coupled with sustained success in traditional markets, will underpin India’s economic stability and growth. As MNCs face mounting pressures, Indian companies are likely to emerge as primary revenue generators, offering both business and media appeal.CONTRACTUAL HIRING One of the most significant trends transforming India’s labour market is the growing adoption of contractual hiring. Historically, Indian firms, particularly conglomerates, relied heavily on full-time employees. However, evolving business demands have led to the embrace of more flexible and cost-effective staffing models. Initially popular amongst MNCs constrained by budgets and headcount limits, this approach is now gaining traction with domestic enterprises.The shift is particularly evident in specialised fields such as legal consulting, technology, and data analytics. As organisations address skill gaps, budget constraints, and headcount limitations, the demand for temporary talent continues to rise. Professionals in fields like artificial intelligence (AI), cybersecurity, and data science increasingly prefer project-based roles, drawn by flexibility and opportunities to engage with cutting-edge technologies.With AI and other transformative technologies gaining momentum, the need for skilled professionals in these areas will only intensify. By 2025, these fields will drive innovation across industries and form the backbone of India’s technological growth.SECTORAL TRENDS DRIVING TALENT DEMANDIndia’s labour market is grappling with a dual challenge: 34 percent of organisations struggle to find the right talent, and nearly one in three face difficulty retaining employees. This has given rise to what is termed “The Expectation Gap”-a disconnect between employee aspirations and organisational realities. Workers now seek more than competitive salaries and flexible working arrangements, while employers face the challenge of meeting these elevated expectations amidst rapid business transformations.advertisementKey sectors reflect this dynamic. The technology industry, for example, continues to grow, transitioning India from a cost-arbitrage destination to a global innovation hub. The proliferation of Global Capability Centres (GCCs) in cities like Jaipur, Visakhapatnam, and Kochi illustrates this evolution. Companies investing heavily in AI-driven solutions are competing intensely for skilled talent.Similarly, the healthcare sector is experiencing sustained growth, driven by rising demand for pharmaceuticals and medical devices. South India’s emergence as a medical tourism hub has further amplified the need for skilled professionals.Meanwhile, India’s manufacturing sector is undergoing a revival, supported by government-led initiatives in infrastructure and foreign investment. Industrial hubs in states like Odisha are creating significant employment opportunities, emphasising the sector’s potential for long-term growth.Bridging “The Expectation Gap” requires strategic workforce planning that aligns with evolving employee expectations while addressing business challenges. This balance is critical to sustaining growth in sectors like technology, healthcare, and manufacturing.—–As India approaches 2025, its business landscape continues to evolve. Companies must navigate the dual challenges of driving innovation and ensuring long-term sustainability. Trends such as the rise of contractual hiring, advancements in technology, and the growth of key sectors will shape the nation’s economic trajectory.advertisementFor businesses, adapting to these trends is vital. Organisations that align their workforce strategies with these changes will unlock growth opportunities and strengthen their position in an increasingly competitive global market. Balancing the flexibility of the gig economy with the stability of traditional sectors will be pivotal in defining the future of work in India.By staying ahead of these trends, Indian conglomerates and businesses can remain agile, fostering innovation while evolving workforce strategies to meet global demands. This adaptability will cement India’s role as a leader in the global business ecosystem by 2025.Published By: Shruti BansalPublished On: Jan 8, 2025

Bridging the Gap: A Guide to Small Business Loans

People often say that starting and managing your own business is one of the greatest things in life. For the individual, it enables passion, the development of new ideas, products, or services, and drives the local economy. However, the journey to the peak is not as smooth as the cool breeze, though a major issue that pulls the legs of small business owners is the challenge of accessing adequate capital.

What are the reasons for Small Business Loans?

A small business loan is a credit that a particular organization gives to another organization with the aim of helping it improve its operations. This money is typically used to cover various business expenses, such as:

1. Start-up costs: These involve such things as getting office space or buying equipment and are some of the most critical aspects in setting up new firms.

2. Working capital: This is the money a business requires to run the enterprise and meet its regular working costs.

3. Expansion: Business loans are useful in funding expansion activities, including the establishment of new branches and the introduction of new products/services.

4. Equipment purchases: Purchasing of good equipment is very important in most organizations. Small business loans can then be used to offset the expense of some vital equipment.

5. Inventory: Having the right stock is very important for many companies, and with small business loans, the company is able to afford the stock.

6. Marketing and advertising: By far, marketing and advertising are critical to achieving growth for a business or acquiring more customers. These costs can be met by small business loans.

Why do Individuals and Business Venturers Require Loans?

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There are various reasons for which the small businesses require loans, which are associated with the company’s requirement for funds to aid its development and functioning. Some of the most common motivations include:

1. Limited personal savings: A lot of entrepreneurs use their own money to start their business, and although this may work, it may not always be enough. Micro-credit in the form of loans can play a big role in between.

2. Unexpected expenses: Emergencies may occur, like an unpredictable breakdown of tools or machines or even devastation by natural disasters and highly charged political events.

3. Growth opportunities: Executives are capable of approaching the challenge creatively and finding new areas of business development while facing significant difficulties in attracting investment. Small business loans can enable such chances to come through.

4. Cash flow management: Every business needs to have cash flow in order to survive, let alone grow and become a big business. Small business loans have other benefits, such as financing for short-term working capital requirements.

5. Building business credit: Any business, therefore, needs to develop and optimize its business credit reputation in order to gain access to high-value loans in the future. Small business loans will allow credit to be established because they demonstrate the ability of the business to repay the borrowed amount.

Types of Small Business Loans

Understanding the small business loan space is important because many types of loans are available in the market. Here’s a breakdown of some common types of small business loans:

Term Loans: These are the oldest known methods or types of small business loans. They give a sum of money that is to be paid in equal amounts of principal together with the interest over a specific time.

Lines of Credit: These loans enable the owners of the businesses to access cash in bits as they wish up to a point of credit limit. Only interest is charged, and a balance is owed when the specified credit line limit is reached.

Invoice Financing: This type of loan enables business owners to obtain money from the sales they make by being able to take an invoice as collateral. The lender provides the debtor with some percentage of the invoice amount and gets paid directly by the debtor.

Equipment Financing: This kind of loan is basically provided for buying or for the financing of specific business equipment. That means that the actual equipment is used as a security for the credit that the company is seeking.

Merchant Cash Advance: It gives a small amount of money to a business and obtains a small percentage of its future credit card sales. Repayment is done daily or weekly; it can be paid off faster when there is a lot of sales compared to when there is not much business.

How to Qualify for a Small Business Loan?

The small business loan application process needs preparation and an understanding of some of the most important characteristics of a good candidate. Here are some key factors that influence approval:

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Credit Score: Lenders will also look at the credit histories of the business and the owner in terms of credit scores. The credit score gives a probability of approval, and the interest rate that accompanies the loan becomes improved with a higher credit score.

Time in Business: Lenders are more comfortable working with companies that have been established for quite some time to enable them to prove their ability to pay the loan. Small and start-up businesses may find it difficult to secure a loan.

Annual Revenue: The monthly interest rate is calculated by taking into account a business’s annual revenue so as to determine the capacity of the business to generate enough cash flow to meet the loan repayments.

Cash Flow: A loan officer will analyze the flow of cash for a business in relation to the specific cost of the loan and the day-to-day expenses of the business. Cash flow is another crucial factor that has to be met to ensure the approval of a loan.

Collateral: Some loan types demand guarantees, which are items such as equipment, real estate, or stock that the lender can sell in case of default by the borrower. The provision of collaterals enhances the loan approval success rate and might lead to improved loan conditions.

The Small Business Loan Application Process

Getting a small business loan application is not difficult, but it can also appear very lengthy; breaking it down into the following steps will make the implementation easier. Here’s a general overview of how to get a small business loan:

Image by khunkorn from khunkorn

Determine Your Needs: First of all, evaluate the demand and request of your business, which may include the sum of money needed, the duration of the loan, and the payment period.

Research Lenders and Loan Options: Search for the lenders and the loans to know which is the most suitable for your business, regarding loan amounts, interest rates, repayment terms, and loan requirements regarding terms involving education and personal dilemmas.

Gather Required Documents: Acquire all the requisite papers, including the balance sheets, income statements, business permits, and ownership certificates.

Complete the Loan Application: The loan application must be completed to the barest of details and accompanied with all relevant documents as shall be indicated.

Submit Your Application: Take your completed application and any other necessary documents and papers to the lender.

Loan Underwriting: Mechanically, the loan application will be analyzed by the lenders to consider whether you are capable of paying the loan.

Loan Approval or Denial: Depending on the underwriting process, the lender will grant or reject your loan application.

Review and Accept the Loan Offer: Before you are granted a loan, you are supposed to carefully read the details of the loan, and after going through the details, you sign for it to show that you agree to the loan offer.

Loan Funding: After signing the loan documents, the approval amount gets released to your business in the form of funds.

Loan Repayment: Continue flowing out principal and interest payments according to the schedule that was agreed upon when structuring the financing deal.

Conclusion

Small business loans are particularly important to the development of new businesses that need capital to fund their projects. Through analyzing such important aspects as the types of business loans, loan applications and their requirements, as well as factors that determine the approval of loans, the owners of businesses can make careful estimations concerning receiving the necessary funds. If properly advised and have a good strategy at their disposal, small businesses can expand their business horizon and get their dreams of success on the right track by providing a proper loan.

Tipico to acquire Novomatic’s Admiral Austria gaming tech business

Tipico Group has signed an agreement to acquire a 100% stake in Atlas Group, the parent of Novomatic’s Admiral Austria business, to bolster its betting and gaming portfolio across German-speaking markets.

Admiral Austria, a betting operator and terminal supplier in Austria, will help extend and strengthen Tipico’s reach in the market it said. The company also provides gaming terminals for the state lottery across the country.

Tipico Group CEO Axel Hefer said Admiral would also help the operator meet its goal of achieving dominance in German-speaking markets.

No financial details of the deal have been released and it is currently subject to regulatory approvals.

Novomatic said the sale of Admiral would enable the gaming technology provider to focus further on international expansion. It has been investing heavily in its US growth of late, installing a new CEO in December.

“For 20 years, Tipico has stood for state-of-the-art technology, innovative products and consumer protection,” Tipico’s Hefer said of the deal.

“We are pleased to have found in the Admiral Group a partner who shares these same values. We look forward to a successful future in the Austrian sports betting and gaming market.”

Stefan Krenn, a member of Novomatic’s executive board, said Tipico is a fitting partner to continue Admiral’s success in Austria.

“We have decided to sell the Admiral Group in Austria in order to focus on international growth markets and drive further global expansion,” Krenn explained.

“In Tipico, we found a highly professional and reliable partner who will continue to operate Admiral in Austria successfully and sustainably.”