Latest news with #TASK
New Indian Express
4 hours ago
- Business
- New Indian Express
Sridhar Babu sets 6,000 placement target for TASK; hails record skill training drive
HYDERABAD: IT & Industries Minister D Sridhar Babu on Friday directed the Telangana Academy for Skill and Knowledge (TASK) officials to set an ambitious target of training at least 6,000 unemployed youth in advanced technologies and facilitating their placements during the current academic year. During a review meeting held at the Secretariat, the minister expressed satisfaction over TASK's proactive role in facilitating job placements for 4,100 candidates over the past year. He said that TASK has made significant progress in equipping unemployed youth and students with industry-relevant skills, thereby enhancing their employability. The academy has been aligning its training modules with industry needs and playing a pivotal role in placing skilled youth in relevant jobs. During the past year, TASK provided training to a record number of 1,37,677 students and 2,791 faculty members across various technical and skill domains, he said. 'TASK played a key role in organising job fairs across 148 colleges in 21 districts and on corporate campuses, helping 4,100 talented individuals secure employment,' he added. The minister, meanwhile, informed that Verisk Analytics, an American company, recruited tech professionals with an annual package of Rs 11 lakh for its Hyderabad campus.
The Hindu
18 hours ago
- Business
- The Hindu
Train, aid placement of 6,000 unemployed youth this year, IT Minister tells TASK
Industries and IT Minister D. Sridhar Babu advised Telangana Academy for Skill and Knowledge (TASK) officials to consider pursuing a target of training at least 6,000 unemployed youth in advanced technologies and facilitate their placement in the current academic year. The Minister, who conducted a review meeting at the Secretariat on various initiatives undertaken by TASK, said this on Friday. He expressed satisfaction over the Academy's role in facilitating job placements for 4,100 candidates over the past year. TASK has made significant progress in equipping unemployed youth and students with industry-relevant skills, thereby enhancing their employability. At another level, the Academy has been aligning its training modules with industry needs and playing a pivotal role in placing skilled youth in relevant jobs, he said. During the last year, TASK provided training to record 1,37,677 students and 2,791 faculty members across various technical and skill domains, Mr. Sridhar Babu said. It played a key role in organising job fairs across 148 colleges in 21 districts and on corporate campuses, helping 4,100 talented individuals secure employment with a minimum annual package of ₹2.4 lakh, the Minister's office said in a release on Friday. ₹11 lakh annual package Notable among the hiring firms were American company Verisk Analytics that recruited tech professionals with an annual package of ₹11 lakh for its Hyderabad campus; UBS onboarding 63 candidates with a ₹6 lakh annual package and Hyundai Mobis training and hiring 42 candidates through TASK initiatives. To support youth with disabilities in gaining employment and nurturing entrepreneurship, TASK entered into an MoU with Tata Trusts, as part of which Tata will conduct skill training programmes for three years. TASK also signed an MoU with TVAGA to offer three-year training programmes in Animation, Gaming, VFX, and Comics.
Yahoo
22-05-2025
- Business
- Yahoo
3 Reasons to Sell TASK and 1 Stock to Buy Instead
In a sliding market, TaskUs has defied the odds, trading up to $16.68 per share. Its 12.6% gain since November 2024 has outpaced the S&P 500's 2.1% drop. This performance may have investors wondering how to approach the situation. Is there a buying opportunity in TaskUs, or does it present a risk to your portfolio? Get the full breakdown from our expert analysts, it's free. We're glad investors have benefited from the price increase, but we're swiping left on TaskUs for now. Here are three reasons why we avoid TASK and a stock we'd rather own. We at StockStory place the most emphasis on long-term growth, but within business services, a stretched historical view may miss recent innovations or disruptive industry trends. TaskUs's recent performance shows its demand has slowed significantly as its annualized revenue growth of 1.8% over the last two years was well below its five-year trend. Analyzing the change in earnings per share (EPS) shows whether a company's incremental sales were profitable – for example, revenue could be inflated through excessive spending on advertising and promotions. TaskUs's full-year EPS grew at a weak 1% compounded annual growth rate over the last three years, worse than the broader business services sector. Growth gives us insight into a company's long-term potential, but how capital-efficient was that growth? A company's ROIC explains this by showing how much operating profit it makes compared to the money it has raised (debt and equity). TaskUs historically did a mediocre job investing in profitable growth initiatives. Its five-year average ROIC was 5.4%, somewhat low compared to the best business services companies that consistently pump out 25%+. TaskUs isn't a terrible business, but it isn't one of our picks. With its shares outperforming the market lately, the stock trades at 12.1× forward P/E (or $16.68 per share). While this valuation is reasonable, we don't really see a big opportunity at the moment. We're pretty confident there are superior stocks to buy right now. We'd suggest looking at the most dominant software business in the world. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New Straits Times
11-05-2025
- Business
- New Straits Times
Sultan of Kedah launches trust fund for the poor
ALOR STAR: Sultan of Kedah Al Aminul Karim Sultan Sallehuddin Sultan Badlishah has consented to the establishment of the Tabung Amanah Sultan Kedah (TASK) trust fund to ease the burden of the poor and underserved in the state. State Secretary Datuk Seri Norizan Khazali said the initiative reflected His Majesty's deep concern for the wellbeing of the people and commitment to fostering a more equitable distribution of economic resources. "His Majesty's compassion has been translated into action through TASK, which provides a platform for all quarters to come together and serve those in need," he said during his opening speech at the Majlis Menjunjung Duli ke Bawah Duli Yang Maha Mulia Tuanku Sultan Kedah ceremony today. The ceremony was graced by the presence of Sultan Sallehuddin and members of the royal household, including Sultanah of Kedah Sultanah Maliha Almarhum Tengku Ariff, Raja Muda of Kedah Tengku Sarafudin Badlishah, Raja Puan Muda Che Puan Muda Zaheeda Mohamad Ariff, Tunku Mahkota Tunku Shazuddin Ariff and Tunku Puan Mahkota Che Puan Nur Julie Ariff. Present were Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor and members of the state executive council. The fund, Norizan added, was a testament to His Majesty's noble vision, anchored on six key pillars including, education, health and wellbeing, social welfare, sports, environmental conservation and animal protection. Norizan said His Majesty consistently demonstrated a people-first approach by personally visiting the ground to observe conditions and listen to the concerns of the people. "His Majesty has visited fishing communities in Kuala Kedah grappling with water supply issues, and flood evacuees at temporary relief centres, offering personal contributions as a gesture of solidarity," he said. He added that the sultan had also shown concern for small businesses by visiting trading areas in Tanjung Dawai, Kuala Nerang, Jerlun and Pokok Sena to gain direct insight into current market conditions and the challenges faced by local traders. Apart from social welfare, the sultan was also committed to environmental protection, particularly in addressing coastal erosion and the preservation of mangrove ecosystems in Langkawi, Merbok and Kuala Kedah. Describing Sultan Sallehuddin as a figure of discipline and exemplary leadership, Norizan said His Majesty's background in the military had instilled values of punctuality, neat appearance, firmness and principled conduct, qualities that serve as a model for all civil servants. "These traits have inspired the state administration to adopt the acronym K.E.D.A.H., which stands for Kekuatan (Strength), Empathy, Discipline, Amanah (Trustworthiness), and Hargai (Appreciation). "This philosophy underpins our efforts to build an efficient and people-centred government under the leadership of His Majesty," he added.
Yahoo
05-05-2025
- Business
- Yahoo
2 Cash-Producing Stocks to Research Further and 1 to Question
While strong cash flow is a key indicator of stability, it doesn't always translate to superior returns. Some cash-heavy businesses struggle with inefficient spending, slowing demand, or weak competitive positioning. Cash flow is valuable, but it's not everything - StockStory helps you identify the companies that truly put it to work. Keeping that in mind, here are two cash-producing companies that leverage their financial strength to beat the competition and one that may face some trouble. Trailing 12-Month Free Cash Flow Margin: 10% Starting as a virtual assistant service in 2008 before evolving into a global digital services provider, TaskUs (NASDAQ:TASK) provides outsourced digital services including customer experience management, content moderation, and AI data services to innovative technology companies. Why Do We Think Twice About TASK? 1.8% annual revenue growth over the last two years was slower than its business services peers Falling earnings per share over the last two years has some investors worried as stock prices ultimately follow EPS over the long term ROIC of 5.4% reflects management's challenges in identifying attractive investment opportunities TaskUs is trading at $13.25 per share, or 9.7x forward P/E. To fully understand why you should be careful with TASK, check out our full research report (it's free). Trailing 12-Month Free Cash Flow Margin: 28.7% After successfully selling all four of his previous cybersecurity companies, Jay Chaudhry's fifth venture, Zscaler (NASDAQ:ZS) offers software-as-a-service that helps companies securely connect to applications and networks in the cloud. Why Is ZS a Good Business? Customers view its software as mission-critical to their operations as its ARR has averaged 26.7% growth over the last year Forecasted revenue growth of 19.7% for the next 12 months indicates its momentum over the last three years is sustainable Robust free cash flow margin of 28.7% gives it many options for capital deployment At $230.26 per share, Zscaler trades at 12.2x forward price-to-sales. Is now the time to initiate a position? See for yourself in our comprehensive research report, it's free. Trailing 12-Month Free Cash Flow Margin: 2.2% Formerly known as Apollo Medical Holdings until early 2024, Astrana Health (NASDAQ:ASTH) operates a technology-powered healthcare platform that enables physicians to deliver coordinated care while successfully participating in value-based payment models. Why Could ASTH Be a Winner? Market share has increased this cycle as its 33.3% annual revenue growth over the last two years was exceptional Expected revenue growth of 32% for the next year suggests its market share will rise Earnings per share grew by 18.7% annually over the last five years, massively outpacing its peers Astrana Health's stock price of $32.49 implies a valuation ratio of 7.4x forward EV-to-EBITDA. Is now the right time to buy? Find out in our full research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 175% over the last five years. Stocks that made our list in 2019 include now familiar names such as Nvidia (+2,183% between December 2019 and December 2024) as well as under-the-radar businesses like Sterling Infrastructure (+1,096% five-year return). Find your next big winner with StockStory today for free. Sign in to access your portfolio
