Latest news with #AshokReddy
News18
31-07-2025
- Business
- News18
TeamLease Services posts Rs 25 cr profit in Q1
Agency: PTI Mumbai, Jul 31 (PTI) Staffing company TeamLease Services on Thursday reported a 29.11 per cent rise in consolidated profit to Rs 25.01 crore during the June quarter. The company's net profit stood at Rs 19.37 crore in the year-ago period, TeamLease Services said in a regulatory filing. Revenue from operations of the company grew 12.07 per cent during the quarter at Rs 2,891.40 crore compared to Rs 2,579.85 crore in the same period last year. 'Resilient demand from enterprise clients and tech profiles in non-tech companies and global capability centres, have helped sustain the growth momentum," TeamLease Services Managing Director Ashok Reddy said. Shares of the company on Thursday closed at Rs 1,835.40, down 2.15 per cent on BSE. PTI SM TRB First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Reuters
31-07-2025
- Business
- Reuters
India's TeamLease posts quarterly profit rise on higher staffing demand
BENGALURU, July 31 (Reuters) - TeamLease Services ( opens new tab, one of India's top staffing firms, posted a 27.6% jump in first-quarter profit on Thursday, boosted by higher demand across its general and specialised staffing divisions. Consolidated net profit rose to 265.4 million rupees ($3.03 million) for the three-month period ended June 30, from 207.9 million rupees a year earlier. Revenue from the general staffing business - which contributes more than 92% to the total - rose 11%. The division provides contractual roles across non-IT sectors including manufacturing, retail and telecom. Revenue from the specialised staffing division - its second-largest vertical - rose 22%, driven by robust demand from global capability centres (GCCs), which offer software, finance, and R&D support to their global parent firms. This lifted total revenue by 12.1% to 28.91 billion rupees. "Resilient demand from enterprise clients and tech profiles in non-tech companies and global capability centers, have helped sustain the growth momentum," said Managing Director Ashok Reddy. Still, Reddy noted that "persistent" macro headwinds in banking and software sectors hurt overall demand in the first quarter amid hiring freezes and layoffs at major tech firms. Earlier this week, peer Quess Corp ( opens new tab clocked a 4% growth in quarterly profit. TeamLease's shares closed 2.4% lower ahead of its results on Thursday and are down 38% so far this year. ($1 = 87.5930 Indian rupees)
The Hindu
20-07-2025
- Science
- The Hindu
Hyderabad water board to study feasibility of automating its traditional valves
The Hyderabad Metropolitan Water Supply & Sewerage Board (HMWS&SB) will take up a feasibility study of operating up to 1000 of its various valves using smart technology. Banking on the success registered in the Sanathnagar operation and management division, the Board chief K. Ashok Reddy has instructed officials to chalk out plans to conduct a study on experimental basis. The idea is to set up a control room at the head office and design a system to operate, control, and monitor the valves through a unified system. He said that the technology use should be designed so that the performance of smart meters, quantity and quality of water distributed, as well as billing details, can be linked to this system to improve operational efficiency. The Board operates over 15,000 various big and small valves in the city to supply water to consumers on a daily basis. Of them, at least 35% are operated regularly by linemen in various areas. But a majority of the valves are also on the arterial and other busy and narrow lanes in the city often causing risks to the linemen, who go from field to field to operate. The Board says that certain incidents in the past have also resulted in the loss of life and limb of its linemen. With smart valve technology, valve operation becomes an application-based operation from a phone, through Internet of Things (IOT) communication. Quality of water, quantity supplied, chlorine content, other parameters, and contamination can be monitored in real time on a dashboard. Mr. Ashok Reddy also suggested officials to install smart meters at the reservoir outlets and in areas with bulk connections so that technology can be used to bring every drop supplied into account and help conservation.
Time of India
29-06-2025
- General
- Time of India
Hyderabad Metropolitan Water Supply & Sewerage Board (HMWSSB) to modernise Manjeera with Rs 600 crore; urgent repairs begin, gates to be replaced in 45 days
The Hyderabad Metropolitan Water Supply & Sewerage Board (HMWSSB) is set to modernize the Manjeera drinking water infrastructure with a significant investment of Rs 600 crore HYDERABAD: The Hyderabad Metropolitan Water Supply & Sewerage Board (HMWSSB) has initiated plans to modernise the Manjeera drinking water infrastructure with a substantial investment of Rs 600 crore. Additionally, the board allocated Rs 3.52 crore for repair works that require immediate attention. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Following an inspection of the Manjeera barrage facilities with senior water board officials, HMWSSB managing director Ashok Reddy confirmed the structural integrity of the barrage, dismissing reports of cracked pillars. He verified that the gates and ropes were functioning properly. However, he noted damage to the barrage's apron and immediately directed the responsible agency to undertake urgent repairs. During the inspection of various barrage components, the MD instructed officials to maintain regular greasing, painting, and lighting schedules. "The Manjeera Barrage, constructed 65 years ago, underwent annual maintenance of its gates. Officials determined that gates, ropes, and bearings needed replacement. In May last year, they finalised proposals worth Rs 3.52 crore, completed the tender process, and appointed an agency. While gate tightening is complete, other works continue. The State Dam Safety Authority submitted their assessment recently. The gate replacement is expected to take 45 days, necessitating the release of the reservoir's water below MDL," said Ashok Reddy.
Time of India
28-06-2025
- General
- Time of India
Manjeera barrage to be modernised at a cost of Rs 600 crore
Hyderabad: The Hyderabad Metropolitan Water Supply & Sewerage Board (HMWSSB) has initiated plans to modernise the Manjeera drinking water infrastructure with a substantial investment of Rs 600 crore. Additionally, the board allocated Rs 3.52 crore for repair works that require immediate attention. Following an inspection of the Manjeera barrage facilities with senior water board officials, HMWSSB managing director Ashok Reddy confirmed the structural integrity of the barrage, dismissing reports of cracked pillars. He verified that the gates and ropes were functioning properly. However, he noted damage to the barrage's apron and immediately directed the responsible agency to undertake urgent repairs. During the inspection of various barrage components, the MD instructed officials to maintain regular greasing, painting, and lighting schedules. He directed the installation of protective fencing along the spillway and ordered the clearance of vegetation from the dam within seven days. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad 'The Manjeera Barrage, constructed 65 years ago, underwent annual maintenance of its gates. Officials determined that gates, ropes, and bearings needed replacement. In May last year, they finalised proposals worth Rs 3.52 crore, completed the tender process, and appointed an agency. While gate tightening is complete, other works continue. The State Dam Safety Authority submitted their assessment recently. The gate replacement is expected to take 45 days, necessitating the release of the reservoir's water below MDL,' said Ashok Reddy.
