She is also looking for clearer guidelines on internship and apprenticeship programmes, and details on subsidies and directives for companies.
“As of now, there has not been any movement. We need notification on how these programmes are going to get implemented. So only then we can assess what can be the potential upside on these initiatives,” she said.
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TeamLease is confident of achieving 20% topline growth in the fourth quarter. It expects a significant improvement in margins and absolute profits during the quarter, as some deferred profit from the ed-tech cluster will be realised.
On January 29, TeamLease announced the acquisition of an 80% stake in Ikigai Enablers, which will help the company expand its IT staffing business in Singapore and the Middle East. While it is a small acquisition, it is the third HR tech acquisition in less than three months.
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The market capitalisation of TeamLease Services is around ₹4,062.18 crore, but its shares have declined by nearly 13% over the past year.
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