SGI: Shriram to recruit 1.50 lakh agents, Infogain to employ 1,000 people.

IT company Infogain will recruit 1,000 employees. Shriram General Insurance will appoint 1.50 lakh agents. Shriram General Insurance (SGI) will increase the number of agents to two lakh to increase business. At present it has 57 thousand agents including point of salespersons. The company also plans to increase branch network by 20 per cent every year, said Anil Agarwal, managing director and CEO of SGI. It has 235 branches. Will recruit 750 employees in the current financial year and 5,000 in three years.

SGI plans to increase branch network by 20% every year

Infogain will recruit 800 out of 1000 employees in India in the current financial year. It has 6,000 employees out of which 5,000 are in India. Also planning an acquisition. The company’s president Dayapatra Nevatia said that when companies are doing layoffs in the world, it has not laid off any employee.

4 SME IPOs can come this week

Four SME Initial Public Offers (IPOs) will come this week. These include Vasa Densitti, Hemant Surgical and others. The Vasa issue will open on Tuesday and close on May 25. Will collect 54 crores at the price of 121-128. It also has a presence in e-commerce. BRLMs is Hem Securities. Vasa has 300 domestic and international brands.

Market movement will be decided by FII investment and results of companies

After last week’s fall in the stock market, this week many factors will decide the course of the market. Foreign investment, results of companies and global factors can affect the movement of the market.

The Bombay Stock Exchange’s Sensex closed down 298 points last week. According to analysts, macroeconomic data, crude oil prices, trends in global markets and activities of domestic investors will also affect the market. This week, the quarterly results of other big companies including Bharat Petroleum, Ashok Leyland, Oil India, LIC, Vodafone will come.