THIS company gifts Creta SUVs to employees, not Mukesh Ambani's Reliance, Ratan Tata's TCS or Adani Group, name is…
A Chennai-based company has caught the attention of many social media users due to its unusual act. Usually during the appraisal time most of the companies pay money as a form of bonus. Sometimes they also give gifts but they can be mostly like vouchers. But this company has given a huge bonus and that is brand new SUVs.
The celebrations happenned at the company's office in the World Trade Center in Chennai with more than 500 team members. A company has done this to express gratitude and goodwill towards loyal staff by gifting brand new SUVs. So, this company is Agilisium which is a tech services firm.
They were celebrating a decade of its operations so gifted 25 brand-new Hyundai Creta SUVs to some of its most loyal employees. These employees have been part of the company since its foundation.
The SUV handover was a surprise for many employees, the joy which made them emotional. Agilisium also gave salary hikes on individual performance across every level of the organization. Agilisium later shared pictures and highlights from the occasion on its LinkedIn page.
'Marking a decade of collective achievement and guided by our Founder & CEO, Raj Babu's unwavering commitment, we honored employees who had completed ten years of service by gifting SUV cars. This act embodied our belief that giving back to our people is the foundation of lasting success. This wasn't merely a recognition of tenure; it celebrated the spirit of generosity in our culture from the start. As long-serving colleagues drove off in their SUVs, they reflected on the journey, the challenges overcome, the teams they helped build, and the confidence in a shared future,' was mentioned in the post.
'Our success story belongs to each of you. Without your commitment, we would not be here. I'm honored to gift SUV cars to those who stood by us from day one as a token of our deepest gratitude,' the CEO said in the LinkedIn post.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
29 minutes ago
- Economic Times
Hindalco shares in focus as Novelis Q1 net income drops 36% to $96 million; net sales up 13%
Hindalco Industries shares will be in focus on Tuesday after its US-based subsidiary Novelis Inc reported a 36% year-on-year decline in net income attributable to common shareholders to $96 million for Q1FY26. ADVERTISEMENT Excluding special items, net income fell 43% to $116 million. Adjusted EBITDA slipped 17% to $416 million, while adjusted EBITDA per tonne dropped 18% to $432. Net sales for the quarter ended June 30, 2025, rose 13% to $4.7 billion, driven by higher average aluminium prices and a 1% increase in total rolled product shipments to 963 kilotonnes. Higher beverage packaging shipments were partially offset by lower automotive and specialty shipments. The fall in profitability was linked to restructuring charges, higher aluminium scrap prices, an unfavourable product mix, and net negative tariff impacts. These were partially offset by improved product pricing, lower SG&A costs, favourable metal price lag, and forex gains. Operating cash flow increased 42% to $105 million due to lower working capital needs. Adjusted free cash flow saw an outflow of $295 million, versus a $280-million outflow last year, as capital expenditure rose to $386 million for strategic capacity expansions, including the Bay Minette, Alabama, plant. The company's net leverage ratio stood at 3.2x at the end of the quarter. Total liquidity was $3 billion, comprising $1.1 billion in cash and cash equivalents and $2 billion in committed credit facilities. In June 2025, Novelis issued $400 million of tax-exempt bonds with a mandatory tender in 2032 and maturity in 2055 to fund part of the Bay Minette project. ADVERTISEMENT Steve Fisher, President and CEO, Novelis Inc, said, "We continue to see strong demand for aluminium beverage packaging sheet supporting topline growth and the need for new capacity under construction at our plant in Bay Minette, Alabama.' Unlock 500+ Stock Recos on App 'While market headwinds, mainly from structurally higher scrap prices, negatively impacted financial performance in the quarter, we are making solid progress on our comprehensive cost reduction programme, which we expect will lower our cost base and improve our margins. We have already implemented a round of organisation redesign, footprint rationalisation and process improvement actions to drive simplification and efficiencies," he added. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Hindustan Times
an hour ago
- Hindustan Times
DLF eyes more Mumbai projects after successful debut, open to a second project in the financial capital
Delhi-NCR-based real estate developer DLF said its foray into the Mumbai real estate market has gone 'very well,' boosting its confidence for future projects in India's financial capital. Mumbai real estate: Ashok Tyagi, managing director of DLF Limited, has said that the company expects to secure approvals for the next phase of 1–2 million sq ft within the next 12 months. (Picture for representational purposes only)(DLF) Speaking at the Q1FY26 investors' call, Ashok Tyagi, managing director of DLF Limited, said the company expects to secure approvals for the next phase of 1–2 million sq ft within the next 12 months and aims to add about 1 million sq ft every 15 months thereafter. "I think I mean, clearly, we are open to a second project in Mumbai. We just have to figure out the right project and everything. As we have mentioned in the last few quarters, this was our first tentative return to Mumbai, and I think, touch wood, Phase 1 has gone off very well. So I think it clearly gives us more confidence," Tyagi said during the call. "I think hopefully, in the next 12 to 18 months, we should get even better confidence in Mumbai. We also settled our old dispute that we had in Mumbai. So I think clearly, hopefully, Mumbai, the geography, should grow, but just be slightly patient with that," Tyagi said. Also Read: Mumbai real estate: All you need to know about the Andheri West real estate market as DLF launches its first project Mumbai DLF's 'first very controlled entry experiment' According to Tyagi, the company is looking to invest in Mumbai over time because it is the country's biggest real estate market. "I mean, honestly, outside NCR and the Chandigarh Tri-City where we have vast land potential, I think Mumbai is our only location where we are potentially looking to execute and hopefully, over time, invest because it is the country's biggest real estate market. We were not present for such a long time. This is our first very controlled entry experiment. And hopefully, if this clicks, and if this does well for us and for our customers, there could be growth opportunities there," Tyagi said. Also Read: DLF's Mumbai debut: Adopts cautious project pricing aligning with Andheri West real estate market rates Mumbai sales demographics According to the company, 20% of homebuyers for its debut premium residential project in Mumbai, The WestPark in Andheri West, are Non-Resident Indians (NRIs), primarily those originally from Mumbai. The company has also secured bookings from members of the Bollywood fraternity. DLF revealed on July 25 that it has sold out all four towers launched under Phase 1, generating sales bookings worth ₹2,300 crore. The project was officially launched on July 17. Also Read: DLF's Aakash Ohri says 'careful, cautious, and confident' about upcoming Mumbai project launch "Mumbai, I think business came from all over. In fact, I was told that Mumbai doesn't even shift PIN codes, but we have business in the South, we have business from all over. We had a massive, massive broker support in Mumbai, who kind of got business from everywhere. The DLF brand prevailed," Aakash Ohri, Joint Managing Director and Chief Business Officer, DLF Home Developers Ltd had said. "So, I think what prevailed there was definitely a very solid futuristic product, very thought after. People love the balconies. People loved every attribute of what we had to present there. So that was very heartening to see," Ohri said.
Economic Times
an hour ago
- Economic Times
Highway Infrastructure shares to list today. Here's what GMP suggests
Highway Infrastructure will make its debut on the bourses today after delivering a stellar subscription performance in its Rs 130 crore IPO last week. The book-built issue, priced at Rs 70 per share, received an overwhelming response, being subscribed 316.64 times overall. ADVERTISEMENT The retail portion was booked 164.48 times, while the non-institutional investor (NII) category saw bids at an extraordinary 473.10 times. The qualified institutional buyers (QIB) segment was subscribed 432.71 times. The IPO, which opened on August 5 and closed on August 7, comprised a fresh issue of 1.39 crore shares aggregating Rs 97.52 crore and an offer for sale of 0.46 crore shares worth Rs 32.48 crore by the promoters. In the grey market, the company's shares are commanding a healthy premium of about 34% over the IPO price, indicating strong listing-day expectations. If the trend sustains, the stock could list near Rs 94 per share, rewarding investors with substantial listing Infrastructure operates across three business segments: tollway collection, EPC (Engineering, Procurement, and Construction) projects, and real estate tollway collection business is the company's primary revenue driver, with operations spanning 11 states and one Union Territory. ADVERTISEMENT It is among the few operators in India to deploy Automatic Number Plate Recognition (ANPR) technology on the Delhi-Meerut Expressway, alongside RFID-based Electronic Toll Collection systems. As of August 2024, the company had completed 24 tollway projects and was operating seven more. Unlock 500+ Stock Recos on App Its EPC portfolio includes roads, bridges, irrigation structures, and building projects, with 63 projects completed and 20 ongoing as of August 2024. The company also undertakes selective real estate developments, mainly residential projects. ADVERTISEMENT Financially, the company reported a revenue of Rs 504.48 crore in FY25, down 13% from FY24, but net profit rose 5% to Rs 22.40 proceeds will be primarily used to fund working capital requirements of Rs 65 crore, with the balance earmarked for general corporate purposes. ADVERTISEMENT With strong investor demand, robust grey market sentiment, and a differentiated position in the toll and infrastructure space, all eyes will be on how Highway Infrastructure performs when trading begins. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
