BUSINESS
Budget 2024-25: Edtechs bat for tax incentives, digital infra boost, ESOP focus
Edtech companies are optimistic that tax incentives and benefits may be announced in the interim budget. They say reduced Goods and Services Tax (GST) rates on digital educational content and services could make online learning more affordable, benefiting both students and edtech companies.
BUSINESS
Budget 2024-25: Higher-ed institutions await budget boost; call for reduced tax burden, affordable student loans
Higher educational institutions said they need the assistance of a variety of companies to improve the technological skills of students in response to the constantly evolving demands of the business world. But the services are taxed “heavily”.
BUSINESS
Deakin University inaugurates India campus, receives 500 applications from varied backgrounds
The institute has received around 500 applications from across backgrounds, with 40 percent- 50 percent from an engineering background and having work experience. The majority of the applicants are from Ahmedabad followed by Bengaluru, Hyderabad, Delhi, and Chennai.
BUSINESS
Budget 2024-25: Staffing firms anticipate tax relief and 9% PF interest rate
For Budget 2024-25, head-hunters support increasing limits for deductions such as investments, medical insurance premium and housing rent allowance to boost disposable incomes and encourage responsible financial planning.
BUSINESS
Demand for crypto talent drops, hiring to remain moderate in 2024
The current active demand for crypto talent in the market is nearly one-third of what it was at the same time a year ago, thanks to the fluctuations in the crypto markets owing to ambiguous regulations and a lack of experienced talent in the field.
BUSINESS
Schools sceptical of later hours for children, say “problem lies elsewhere”
The proposed shift in timings, aimed at ensuring proper sleep to young students, is raising questions about how it aligns with parents' work schedules and existing school routines.
BUSINESS
Women find Chennai 'safest' for less crime, more jobs; Delhi enters 10 safe cities list
The survey covered 113 cities in India to gauge their inclusivity and conduciveness to working women. The list was divided into two categories – first covering 49 cities with a million-plus population and second assessing 64 cities with less than a million population.
BUSINESS
New Zealand, France, Germany may attract more Indian students in 2024: Study abroad consultants
Changes in immigration policies have made Indian students fret over post-study work opportunities. Many students view countries such as Germany and France, with their more flexible work visa regulations and growing job markets, as attractive alternatives.
BUSINESS
IIMs struggle over summer placements, only 20% succeeds in 2 months, stipends down
Only three of the six premier IIMs and one of 15 new IIMs completed summer placements, according to a report by HirePro, exclusively shared with Moneycontrol.
BUSINESS
5 key court rulings that will transform employee-employer relations in 2024
Some landmark decisions not only altered the legal landscape but also played a transformative role in delineating the rights and responsibilities of employers and employees.
BUSINESS
Maharashtra labour department issues notice to TCS over 'unfair' transfer practices
NITES said it received more than 300 complaints that TCS has been “systematically forcing more than 2,000 employees to transfer to different cities without proper notice or consultation, causing immense hardship for them and their families”
BUSINESS
India Inc looks to ‘brand custodians’ to tell compelling stories
Brand custodians are responsible for brand building, marketing, developing a long-term strategy for the brand and the employer. Unlike marketing, their focus is on long term goals for the brand.
BUSINESS
Vedanta keeping 'high watch' amid spike in Covid cases
At present, the company is keeping a high watch on developments and the government advisory, and releasing guidelines to the employees on the same basis
BUSINESS
Only 15% of workforce are high potential employees: Deloitte study
Interestingly, just 6 percent of companies formally inform people of their high-potential status, according to a Deloitte study shared exclusively with Moneycontrol.
BUSINESS
Indian students face scams, deceptive schemes while pursuing UK education
Many students bound for foreign universities fall prey to various scams. Some of them could even be travel-related ones. A NatWest study revealed a third of students in UK universities have been targeted by criminals in 2022.
BUSINESS
AI fuels growth of India's HR Tech companies, GenAI preps for exciting 2024
By embedding AI across their product offerings, HR tech companies are witnessing a surge in market size, revenue, and client base, and they're gearing up for even more explosive growth in 2024, with the rise of Generative AI.
BUSINESS
Wipro taking 'necessary precautions' to safeguard employees amid rising Covid cases
Sixty-three cases of Covid sub-variant JN.1 were reported in the country till Sunday, December 24, including 34 in Goa, official sources said.
BUSINESS
HR approach for 2024: As AI takes over, human touch remains essential
While AI excels at sifting through vast volumes of resumes, there's no substitute for human intuition and rapport-building in hiring.
BUSINESS
Indian schools face challenges in 2024 as govt reforms pedagogy, evaluation
From training teachers on new methodologies to revamping outdated infrastructure, schools are tasked with executing a transformation that extends beyond textbooks and classrooms.
BUSINESS
Hiring intent in India Inc will rise in 2024 but IT jobs to remain scarce: Report
The information technology sector will see a more conservative hiring intent at 3 percent, potentially reflecting a nuanced approach amid evolving industry dynamics, according to the ‘India Decoding Jobs 2024’ report by Taggd
BUSINESS
Traditional roles in banks are shrinking in the face of modernisation
Roles that have seen a headcount contraction of 5 percent to 8 percent over the last two years are Telecallers, Senior Sales Officers, Sales Executives, Relationship Executives and Collection Officers, according to data put together for Moneycontrol by specialist staffing company Xpheno.
BUSINESS
B-schools navigate tough job market, keep salaries steady
In some cases, there is a more than 20 percent increase in both the average and highest salary packages. Amid this positive trend, there is subdued emphasis on bulk hiring this year as companies implement cost-cutting measures.
BUSINESS
Only 4 out of 10 youth in India have heard of ‘21st-century skills’
The skills in question refer to a set of abilities that are considered essential for success in the modern world. These ‘21st-century skills’ go beyond traditional academic knowledge and include critical thinking, creativity, digital literacy, and cultural awareness.
BUSINESS
Engineering is viewed as a portal to lucrative employment: PanIIT chief
There is no scarcity of talent, but engineers have a skewed view of what technology is, and move to that area —IT / ITeS / Digital Tech—to the detriment of core engineering, said PanIIT Chairman Debashish Bhattacharya.
