BUSINESS
From changing colleges to getting fee refunds: What’s next for Indian students pursuing MBBS in Ukraine
A similar situation had arisen in 2014 when Crimea became a big issue between Ukraine and Russia. Many students studying there transferred to other universities and some in Crimea Federal University went to Russia.
BUSINESS
In-depth: Lido Learning episode a hard lesson for the edtech sector, but the bull market is still on
Don’t look at the edtech sector through the prism of 5-6 companies that have made big headlines. The focus must be on quality education, fulfilling promises and managing finances better, say edtech players and experts.
BUSINESS
IIM-B placement: Entire batch hired in two days; Accenture, Amazon and BCG top recruiters
The B-School saw a 37 percent growth in the number of offers this year as against last year, driven primarily by consulting, and product management roles.
BUSINESS
Lido Learning closure: Startups open arms to hire Lido employees out seeking work
Founded in April 2019, Mumbai based Lido Learning was offering online tuition in the school education space and has raised over $20 million to date.
BUSINESS
Exclusive | Simplilearn doubles revenue in six months after Blackstone investment, strengthening CXO positions: Founder Krishna Kumar
Simplilearn have opened several top-level positions including VPs and CXO-level roles as it seeks to accelerate growth in India and the US. When Blackstone invested in July-August, Simplilearn had reported a revenue of Rs 357 crore, which has crossed Rs 800 crore. And by end of FY23, the number is set to be more than Rs 1,300 crore, says Kumar.
BUSINESS
Paternity leave is gradually coming out of closet at workplace
But companies need to normalise paternity leave, make sure and spell out that this wont hamper career growth, getting right assignments or the appraisal of male employees, say experts.
ECONOMY
Exclusive | Four labour codes will be implemented in 2022; welfare scheme for gig workers on the anvil: MoS Labour Rameswar Teli
“We are linking PM Shram Yogi Mandhan Yojna (PM SYM) that promises pension to informal sector workers registered in the scheme, with the E-sharm database,” said Minister of State for Labour Rameswar Teli.
BUSINESS
India Inc projected to offer 9.9% pay hike in 2022; attrition rate at two decades high
The projected increment is the highest since 2016 when the average raise was 10.2%, consulting firm Aon said. Industries giving the biggest pay hikes will be e-commerce and venture capital, hi-tech/IT, professional services, and life sciences.
BUSINESS
Exclusive: Edtech firm Hero Vired launches faculty ESOPs to reward and retain talent
The faculty ESOPs programme comes close on the heels of the one-year-old edtech rolling out a biannual appraisal and increment system to retain talent
BUSINESS
MC Interview: MakeMyTrip to step up hiring, continue hybrid work model, put employees first: Group CHRO Yuvaraj Srivastava
MakeMyTrip is looking at hiring 700 to 800 more people this year, including replacements, across its brands – Goibibo, redBus and MakeMyTrip.
BUSINESS
Permanent work from home roles emerge as a favourite with Indian jobseekers: Naukri
As many as 32 lakh job searches for permanent and temporary WFH jobs were made in the past six months. Out of these, about 57% were for permanent remote jobs.
BUSINESS
Exclusive | EPFO to declare FY22 interest rate in March second week, PF rate hike unlikely
EPFO board to meet after the state assembly election results are announced in the second week of March. The retirement fund paid 8.5 percent interest rate to millions of its subscribers in 2020-21.
BUSINESS
Labour ministry to hire 5,000 doctors for ESIC hospitals, set up a Rs.600 crore super speciality hospital in Manesar
Labour ministry will open a 500-bed super speciality hospital in Manesar, a large industrial and automobile manufacturing hub in the state of Haryana, at a cost of Rs 600 crore.
BUSINESS
MC Explainer: Haryana jobs quota law, the controversy and the legal tangle around it
Industry associations claim that the Act is contrary to the very idea of common citizenship for the Union of India and that it fails to uphold the federal structure of the country.
BUSINESS
IIM-A placements: BCG, Accenture top recruiters as final campus hiring begins
BCG made 47 offers and Accenture Strategy 32 on Day 1, indicating a strong hiring season. The next round of placements will be held on February 11
BUSINESS
Diversity in Indian boardrooms: Women hold 17.1% of board seats, 4.7% are female CEOs, 3.9% are CFOs
The number of women chairing company boards in India has gone down in recent years - only 3.6% of chairperson’s positions were occupied by women in 2021, against 4.5% in 2018, highlighting the need for greater gender diversity. The figure was 3.2% in 2016 and 2.7% in 2014.
BUSINESS
Mphasis appoints Dave Cassie as head of Canada operations
Cassie was managing director, Financial Services Advisory at PwC, where he led the accounting and conulsting firm's Canada Asset and Wealth Management practice
BUSINESS
Professionals are honing tech skills in India, compliance in Germany and business ethics in France
There is a 54% increase in India’s tech and development learning in the past year, 24% in North America, 39% in Asia-Pacific and a huge 243% in the UK
BUSINESS
From employee empathy to ESG: 5 workspace trends that will gain momentum in 2022
Companies and employers will reflect on what has and hasn’t worked, and respect the unique boundaries and balance of life, says a global think tank on workspace research and education
BUSINESS
Campus placement: ISB places outgoing batch at average salary of Rs 34 lakh, up 21%
In the finance space, Axis Bank, Credit Suisse, Barclays, Goldman Sachs, and Wells Fargo were among others who recruited from the B-School. ISB said of the total students, 39% are women graduates and they cumulatively received 41% of the total offers.
BUSINESS
India registers 7,17,686 gig workers; 58% are from Bengal, UP and Bihar
Social Secuirty Code provides for devising welfare schemes for gig workers, but no scheme has been finalized yet as the provisions under the Code relating to gig and platform worker have not come into force, the labour ministry said.
BUSINESS
IIM Ahmedabad, NIIF to set up India’s first ESG research chair
The industry is increasingly realizing the importance of incorporating ESG in their operations, says IIM-A. NIIF says it is crucial for fund managers to create a sustainable and responsible investment community to unlock significant value.
ECONOMY
Budget 2022 allocates Rs 1 lakh to set up 200 TV channels; education ministry to seek clarity
PM e-Vidya scheme unifies all efforts related to digital/online/on-air education and provisioning of digital devices to enable multi-mode access to education, according to Budget 2022 documents.
ECONOMY
Budget 2022 | Foreign universities allowed to operate in GIFT City, free from regulatory glare
Budget 2022 | Move divides industry as some hail step while others lament skewing of the playing field
