BUSINESS
Test prep firm CL Educate open to acquiring firms; to add about 300 more physical centres: Group CEO Nikhil Mahajan
We are open to acquiring players as long as they come at right price, bring in right value. Valuation apart, the business actually has to be real cash generating. We are not going to acquire something, which is only subscriptions without any revenue, says Mahajan.
BUSINESS
Business schools must adapt to the need of the digital economy: Ranjan Banerjee, dean of BITSoM
The pandemic disruptions have made B-Schools aware to build in greater focus on learnability, embed technology in every vertical, prepare students for a world where they will have multiple careers in a lifetime.
ECONOMY
EPFO’s investment committee recommends hike in equity exposure to 20%: Labour Ministry
The 20 percent equity exposure of EPFO will mean at least Rs 36,000 crore of PF money going to the equity market per annum, which will cheer the stock market.
BUSINESS
MC Interview: Our goal is not just to attract talent but to also retain it; work-life balance a key component of our EVP: Priya Cherian, PayU's chief people officer
Start-up layoffs have offered employers a wider pool of talent to choose from. Hiring costs will stay elevated for maybe six months, after which they will correct, says Cherian of PayU.
IIT
ABCD: IIT Delhi disrupts management education hierarchy in India; 6 IITs among top 20 B-Schools
Six IITs find a place among top 20 B-Schools in India. And it shows that older IITs are gradually becoming comprehensive beyond their repute as elite institutions in the technology and engineering space.
BUSINESS
Study Abroad: Top 5 universities in Germany, from TUM to Heidelberg University
Home to some of the very old and legacy universities in the Europe, public funded higher education in Germany is quite inexpensive compared to other top European destinations, and even other destinations like the US and Australia.
BUSINESS
Study Abroad: Top five universities in the US
While university education cost remains quite high in the US for foreign students, the quality of education at top institutions there works as a ladder for socio-economic success, and professional growth.
BUSINESS
Women hold only 15% of C-suite roles in India, far below the global average of 25%
While in India 15 percent of C-suite roles are held by women, it is 27 percent in the US, 33 percent in Singapore, 25 percent each in South Africa and the UK, 24 percent in France and 19 percent in Germany.
BUSINESS
Indian staffing industry added 2.27 lakh new formal workforce in FY22, women participation in flexi work at 27%
Indian Staffing Federation said the new additions are almost 22 percent more than the year before period, and projected that some of the sectors including fintech, IT and IT-Infra will continue to do well in FY23.
BUSINESS
From IT to retail, the top five sectors where hiring continues to be strong
This assertion from staffing firms and job aggregators also syncs with broader government figures related to merchandise export, GST collections and payroll numbers.
BUSINESS
India Inc’s hiring appetite to grow in Q2; IT, FMCG, Education among key sectoral drivers: TeamLease
Attrition continues to be high in sectors like IT (22%), educational services (13.11%), healthcare and pharma (12.25%) and ecommerce (11.04%) .
BUSINESS
No, Labour Codes are not coming into effect from July 1
These are structural reforms and the ministry is for balancing labour welfare on one hand and ease of doing business on the other.
BUSINESS
EPFO board to meet in July; separate PF scheme for gigs, universal pension scheme likely on table
A new universal pension scheme may be considered in view of the call given by the Prime Minister on universal social security and global trends, to cater to those not covered under EPS 95, an internal panel has recommended.
BUSINESS
Indian companies look at crisis-hit Sri Lanka, Ukraine to hire tech talent at massive discount
The price they are coming for is at a 50-65 percent discount when compared with the flared up current market price. Companies have started experimenting with the talent from these locations to deal with the tech talent war in India.
BUSINESS
Amid startup layoffs, larger job market remains buoyant across sectors
While thousands of startup employees have lost jobs, the number is small if one looks at the larger employment market canvas, experts said. While IT and ITes sector will continue its run, e-commerce and logistics as well as export oriented sectors including textiles, leather goods are doing well. Consumer goods sector will increasingly hire more as well as the retail and hospitality sectors.
ECONOMY
California, New York and Massachusetts among top five destinations for Indian students going to the US
An analysis of the official international student flow to the US shows that while more than 27 percent of foreign students in Illinois are Indians, its almost 22 percent in Texas, about 18 percent in New York and 13.7 percent in California.
BUSINESS
EPFO Payroll: April records 9.23 lakh fresh additions to formal work
The new payroll additions recorded in April, the first month of FY23, is almost 45,000 less than the new additions in March, when the pension fund had added 968,163 new subscribers. But net payroll additions have gone up.
BUSINESS
As the world of work changes, role of HR is shifting from recruiter to relationship manager
With the evolution of workspace dynamics, hybrid work becoming a new normal, and employee retention assuming greater meaning, HR leaders are reinventing themselves.
IMMIGRATION
Indian students’ hunger for foreign education: What is driving it, and has it changed post-pandemic?
While selecting a foreign education destination, Indian students are weighing the market value of the course, rating of the institution or university, cost of living, and post-study work opportunities.
BUSINESS
Interview |Ireland an attractive study destination; visa and residency processes are efficient, says ambassador Brendan Ward
Besides Indian students who are largely going for master’s degrees, Ward said Ireland is becoming a destination for high-skilled Indian professionals and healthcare workers as well
BUSINESS
Millionaires on the move: India may lose 8,000 HNWIs in 2022, among top 10 countries in emigration by millionaires
India is among the top 10 countries witnessing outflow of millionaires. And the top 10 list includes Russia, China, India, Hong Kong, Ukraine, Brazil, the UK, Mexico, Saudi Arabia, and Indonesia.
BUSINESS
Forget a four-day workweek, bank employees in India want a five-day week
Nearly 900,000 bank employees will go on a day’s strike this month to press demands for a five-day workweek
BUSINESS
Won’t allow educators leaving just for money to come back: Bodhi Tree-backed Allen’s founder
Maheshwari’s comments come at a time when SoftBank-backed edtech unicorn Unacademy is opening its offline centre in Kota. In May, Unacademy had announced its forays into offline tuition centres.
ECONOMY
QS World University Rankings 2023: IISc top research university in the world; 27 Indian varsities among top 1000
The Indian top universities are led by IISc, followed by IIT-Bombay and IIT-Delhi respectively.
