'We spent considerable time re-skilling all the employees, and then we created a new focus called the 'One Infosys'.'
147 domestic and international recruiters -- including Ola, Amazon, Flipkart and Xiaomi -- hired all 460 graduates.
US tech giant IBM is betting big on the India growth story and plans to open more software development centres in the country as it looks to partner with the government in its digitisation journey, its chairman and CEO Arvind Krishna said on Friday. On a visit to India, Krishna met Finance Minister Nirmala Sitharaman, Telecom Minister Ashwini Vaishnaw and Minister of State for IT Rajeev Chandrasekhar to discuss deeper collaboration including skilling and workforce development. The firm that originally designed the technology and system behind ATMs, barcodes and the US social security net, is greatly enthused with the speed at which the Indian government is willing to make decisions and where it is moving, he told a select media briefing.
The funding marks the first investment in the Indian food delivery category by SoftBank Vision Fund 2, with participation from the company's long-term investor, Prosus, and other existing investors Accel Partners and Wellington Management, Swiggy said in a statement. In addition, new investors Qatar Investment Authority, Falcon Edge Capital, Amansa Capital, Goldman Sachs, Think Investments and Carmignac participated in the round, it stated. This latest fundraise was heavily oversubscribed following strong interest from investors, and comes on the back of Swiggy's rapid recovery from the impacts of COVID-19 and subsequent growth in 2020-21, Swiggy said.
Ddata analysts at the fresher level are drawing an average annual salary of Rs 7 lakh as against Rs 3.2 lakh for software engineers.
The World Anti-Doping Agency (WADA) has begun an investigation into doping violations after an inquiry led by Richard McLaren uncovered 40 positive adverse analytical findings hidden in the International Weightlifting Federation (IWF) records.
'As the demand for transferable skills that can be remotely applied increases, the need for tech-based courses is on the rise/'
'Political parties and leaders understand the impact the new media can have on outcomes.' 'From treating them as broadcast tools five years ago, now they look at them as arsenal that can potentially change electoral outcomes.'
The Reserve Bank's rate-setting panel began its three-day deliberations on Monday to decide the next monetary policy amid expectations that the central bank will maintain status quo on the benchmark interest rate in the backdrop of global scare due to the new coronavirus variant Omicron. Reserve Bank Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) is scheduled to announce the policy resolution on Wednesday. If the RBI maintains status quo in policy rates on Wednesday, it would be the ninth consecutive time since the rate remains unchanged.
Security incidents became more costly and harder to contain due to drastic operational shifts during the pandemic with the cost of data breaches to Indian organisations rising close to 18 per cent to Rs 16.5 crore on an average between May 2020 and March 2021, according to a report by IBM. The study pointed towards similar trends in other parts of the world with data breaches costing surveyed companies $4.24 million per incident on an average - the highest in the report's 17-year history.
Former India coach Gary Kirsten and former fast bowler Ashish Nehra joined Royal Challengers Bangalore as the batting and bowling coach respectively for the 11th edition of the Indian Premier League to be held later this year.
Former England soccer captain David Beckham is moving into the virtual world as co-owner of London-based start-up Guild Esports. Guild said in a statement on Thursday that it will launch player academies and run teams in various esports arenas including Rocket League, EA Sports, FIFA and Fortnite.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The retail inflation rate breached the 6 per cent upper tolerance limit of the RBI for the first time in seven months in January, while the wholesale price index stayed in double-digits for the 10th month in a row, showed two sets of data released by the government on Monday. Retail inflation, the key input for the RBI while reviewing the repo rate every two months, soared during the month mainly because of a spike in certain food items. The previous high for retail inflation was 6.26 per cent in June 2021.
Seema had been given a four-year suspension by NADA's Anti-Doping Disciplinary Panel (ADDP) following the hearing on her positive test for banned performance enhancing drugs.
More people using the internet for financial and e-commerce transactions has led to job creation in a niche segment. Specialists who can help deal with rising technology (tech) frauds are in high demand amid the surge in electronic transactions during the pandemic. Demand for tech fraud experts has risen upwards of 35 per cent, reveals employment and human resource services company TeamLease Services.
Images from Day 2 of the third Test between South Africa and India, in Cape Town, on Wednesday.
The Indian Army has an inventory of over 500,000 items. At any time, the army has to be ready to rapidly deploy resources to various locations at short notice. Improved efficiency can occur with automation- and technology-based processes.
Hinduja Group's business process management entity, Hinduja Global Solutions Limited (HGS) said on Wednesday that it has entered into definitive agreements to divest its Healthcare Services business to funds affiliated with Baring Private Equity Asia (BPEA), at an enterprise value of $1.2 bilion. The deal is subject to closing adjustments, and is expected to complete within 90 days, subject to shareholder and other regulatory approvals. "The cash that will come in as a result of this transaction will be deployed to growing the business as well as looking at buying some capabilities...where capabilities are important for being able to do a good job of customer experience transformation.
On Friday, barring a few, most of the team members returned to their native places after being granted the break.
The Indian FMCG industry has recorded a 9.4 per cent growth in the January-March quarter of 2021, helped by a consumption-led growth and value growth by increased prices of products, especially of staples, said data analytics firm Nielsen. The rural market continued to perform with strong growth of 14.6 per cent during the period and the metro markets have registered a positive growth after two quarters. Fast Moving Consumer Goods (FMCG) industry sales growth from the traditional trade channels jumped to double digits, while growth in e-commerce normalised down to single digits in the January-March quarter.
Gender equality might have improved over the years but India's working women still contend with the strongest gender bias across Asia Pacific countries, says a report. According to the LinkedIn Opportunity Index 2021, more women in India have experienced the impact of gender on career development when compared to the APAC region. "In India, more than 4 in 5 working women (85 per cent) claim to have missed out on a raise, promotion, or work offer because of their gender, compared to the regional average of 60 per cent," the report said.
Most of the hirings are, however, in the entry or junior level.
IIM Lucknow has concluded its 2020-21 final placements.
Vettori has said that Virat Kohli is always open to listen, a quality which makes him such a 'good captain.'
India may be considered a sporting minnow but in terms of doping by its athletes, it has been ranked third behind Russia and Turkey in a World Anti-Doping Agency Report for 2013 with as many as 91 from the country testing positive for banned substances in that year.
'There will be partnerships between banks and fintech firms, but there will also be areas where they will be direct competitors.'
Since September, Reliance Retail has raised money from Silver Lake, KKR, Mubadala, Abu Dhabi Investment Authority , GIC, TPG, General Atlantic and Saudi Arabia's Public Investment Fund in a divestment programme that mirrored sister Jio Platforms a few months earlier.
The telecom ministry will set up an intelligence unit and a consumer protection system as part of continuing efforts to tackle the menace of pesky calls as well as to take strict action against financial frauds perpetrated using telecom resources.
The two central premier investigative agencies - Central Bureau of Investigation and Enforcement Directorate - have asked their officials to focus more on digital evidence, e-forums and social media to crack down on offenders. These are a crucial part of prosecution amid the second wave of the pandemic. The Income Tax Department is going full throttle on data analytics to issue notices in time-bound cases. Further, sleuths have been given electronic devices including laptops with secure connections, which keep data encrypted and inaccessible.
However, the government's draft policy on e-commerce companies has forced consumer companies to also adapt to the changes. For Dabur India, e-commerce channel continues to be a key driver of growth in urban India. The contribution of online sales to its entire portfolio is at six per cent compared to 1.5 per cent before the pandemic.
France's main anti-doping laboratory, already under a provisional ban, has been suspended from carrying out anti-doping activities for up to six months because of analytical issues, the World Anti-Doping Agency (WADA) said on Friday.
Approximately 85.6% undergraduate and postgraduate students who availed placement services of the institute got placed.
Flamboyant all-rounder Ravindra Jadeja has been named as India's Most Valuable Player (MVP) in Test cricket in the 21st century by Wisden magazine. With an MVP rating of 97.3, the 31-year-old Jadeja was also rated as the second Most Valuable Player in Tests worldwide, behind only Sri Lanka legend Muttiah Muralitharan.
Moody's Analytics had said Prime Minister Narendra Modi must keep BJP members in check or risk "losing domestic and global credibility".
Read. Meditate. Take a short nap. Take up activities that strengthen and sharpen your brains, and enhances your mood and memory, suggests stress management expert Dr Khushboo Thakker Garodia.
RustOrange co-founders Samik Sarkar, Shashank Agnihotri and Kuvalaya Singh share their story and learnings.
Many companies are putting HR's reputation as a back office administrator to rest by either outsourcing or automating most administrative tasks.
Most offers are coming from regular recruiting firms and sectors led by consulting, analytics, IT and finance.
'What happened was that over a period of time, the data analytics showed that many were claiming it and that it was being misused'
