4, Nov 2023
NSDC partners HCLTech to transform job markets from qualification-based to skill-based hiring
Bengaluru, India, Nov 4, 2023: Aligned with the vision of the Hon’ble Prime Minister, Shri Narendra Modi, to empower India’s youth through digital technology and Artificial Intelligence (AI), the National Skill Development Corporation (NSDC) has entered into a partnership with HCLTech to bridge the skills gap, particularly in the tech and engineering sectors. Under this collaboration, both organizations will work together to promote the adoption of technology among learners from diverse backgrounds and explore new global markets and business opportunities.
The agreement was exchanged by Ved Mani Tiwari, CEO, of NSDC, and C Vijayakumar, CEO & Managing Director, of HCLTech. This partnership comes shortly after the recent G20’s Digital Economy Working Group (DEWG) meeting, which achieved consensus on deliverables in three discussion areas: Digital Skilling, Digital Economy, and Digital Public Infrastructure.
This strategic partnership will enable NSDC and HCLTech to jointly transform the assessment landscape and digital learning by introducing digital assessments in tech and non-tech-base
d courses (B2B & B2C). There is also scope for collaborating on the creation of new products and programs to enhance talent with flexibility and scale. Additionally, to ensure that every Indian has access to quality training, the focus will be on enhancing the impact of learning by jointly developing and offering industry-relevant resources and tools. Under the partnership, the vision to add a new dimension in assessment for setting standards in digital learning indicates the keenness of both organizations to provide regular check-in learning and augment access to technology.
Praising this initiative, Ved Mani Tiwari, CEO, of NSDC, said, “NSDC and HCLTech are entering into this partnership with a commitment to enhance the trust in job markets. Both organizations will jointly develop an assessment platform where students and working professionals can get themselves assessed and certified for skills in demand. This is a significant step towards moving from qualification-based hiring to skill-based hiring. Both parties will also collaborate to offer reskilling, upskilling online courses to prepare for opportunities in a dynamic job market.”
It is estimated that the assessments market is expected to grow to $10B+ by 2027. North America accounted for the largest (~40%) revenue share in 2021. Europe plays a significant role in international employability and rate of employment, hence contributing to the growing share in the assessment services market. The APAC market is expected to register the fastest revenue growth during the forecast period
As part of the agreement, NSDC and HCLTech will jointly leverage each other’s technical and domain expertise in the Assessment platform, Assessment & hiring test (both tech and non-tech), Smart labs (coding and data science), Learning programs, Faculty development & certification programs, and Advisory services for government and institutions.
Additionally, both parties will also collaborate in creating joint IPs for digitalizing and digitizing assessments, covering the wider landscape of skilling as well as the educational ecosystem, and engage in advisory services and positioning tech solutions.
Commenting on the occasion, Srimathi Shivashankar, Corporate Vice President and Global Head, of EdTech Business, HCLTech, said, “We are delighted to join forces with NSDC to leverage digital technologies to build a future-ready talent ecosystem for India and the rest of the world. I am confident that HCLTech’s proven Career Shaper learning and assessments platforms and NSDC experience in talent and nation building can make a significant impact in how technology can be smartly used for skilling.”
Under its EdTech Business, HCLTech leverages its vast experience to assist governments, enterprises, and educational institutions in establishing technology and talent skill academies through its Career Shaper learning and assessment platforms.
NSDC, operating under the aegis of the Ministry of Skill Development and Entrepreneurship, is actively advancing digital skills for India’s youth by integrating technology into skill development. Online learning platforms and digital resources have been introduced, making training materials more accessible and adaptable to changing industry trends.
NSDC’s digital learning initiatives collaborate with Indian and global partners, offering access to over 1.4 lakh minutes of multi-lingual digital content in various sectors. This extensive resource pool equips learners with the necessary digital skills for today’s rapidly transforming world. Furthermore, NSDC’s partnerships with industry leaders have resulted in industry-specific skill development programs, aligning training with industry needs and improving the quality of training while enhancing employment prospects for candidates. These collaborations bridge the gap between education and employment in the digital age, promoting India’s digital skills revolution.
The recently launched Skill India Digital (SID) is one such platform that will play a pivotal role in transforming India into a thriving digital economy. This initiative coincides with the global consensus on Digital Public Infrastructures (DPI) during India’s G20 presidency. The platform will also prepare the younger generation for international job opportunities, aligning with the vision of the Hon’ble Prime Minister, Shri Narendra Modi, to make India a global skill hub.
- 0
- By Rabindra
4, Nov 2023
Applications Invited for Federal Bank Hormis Memorial Foundation Scholarship
4, November 2023, Mumbai: Federal Bank invited applications for Federal Bank Hormis Memorial Foundation Scholarships for the academic year 2023-24. The scholarship is a project under the CSR initiatives of the Bank and is dedicated to the memory of the Bank’s Founder, Late Shri K P Hormis.
Courses eligible for the scholarship are MBBS, Engineering, BSc Nursing, MBA, and BSc Agriculture including BSc (Hons) Co-operation & Banking with Agriculture Sciences conducted by Agriculture Universities. The annual family income of the applicant should be below ₹ 3,00,000/-. Children of armed forces personnel who gave up their life for the nation will be considered under a separate channel and the family income stipulation is not applicable to students falling under this category. Students applying for the scholarship should have secured admission for the first year under merit in Government/ Aided/ Government Recognised Self-financing/ Autonomous colleges during the Academic year 2023-24
Ajith Kumar K K, Chief Human Resources Officer, Federal Bank said that “The heartbeat of the Bank’s CSR initiatives echoes in the transformative power they wield—nurturing communities, championing environmental sustainability, and crafting a shielded tomorrow for the future. Our commitment to education, especially vocational avenues, is a beacon for those wrestling with financial constraints. We’ve been catalysts for dreams, ensuring students not only complete their courses with our backing but also step into a world of meaningful employment.”
Students belonging to the states of Kerala, Tamil Nadu, Karnataka, Maharashtra, Gujarat, and Punjab are eligible to apply for the scholarship. One seat in each discipline will be kept aside for physically challenged students, and additionally, will include a category for Speech/ Hearing/ Vision impaired students, which shall be duly evidenced by a certificate issued by a Medical Officer, not below the rank of DMO or an approved Medical Officer of the Bank. If applications are not received under a physically challenged category, it will be utilized under the general category.
Selected students will be reimbursed 100% of tuition fees and other educational expenses paid as per the fee structure of the college, subject to a maximum of Rs.1 Lakh per year. Last date for online application: 17.12.2023
4, Nov 2023
Cigniti Technologies reports the financial results for Q2FY24
Mumbai, November 04, 2023: Cigniti Technologies Limited, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company, announced the consolidated financial results for the quarter ended September 30, 2023.
For the quarter under consideration, the company’s consolidated revenue from operations stood at Rs. 451.83 crore as against Rs. 439.53 crore in Q1FY24.
EBIDTA margin for the quarter ending on September 30, 2023 stood at Rs. 64.83 crore as against Rs. 62.07 crore in Q1FY24.
Profit After Tax incurred by the company for the quarter ending on September 30, 2023, stood at Rs. 45.85 crore as against Rs. 44.56 crore in Q1FY24.
Commenting on the results, Mr. Srikanth Chakkilam, Chief Executive Officer, said, “We are pleased to see our revenue grow sequentially amid current market conditions, owing to our robust business practices and diligent execution. While we acknowledge the challenges faced by the overall industry in this quarter, we remain optimistic about Cigniti’s future prospects based on our offerings and thought leadership.
“We remain committed to swiftly adjusting to market changes with a strong emphasis on delivering optimal results for our stakeholders. Looking ahead, we anticipate a potential for margin enhancements through the second half of FY24.”, he added.
Highlights for the quarter ended September 30, 2023:
· Revenue from the top 5 clients contributed approximately 24.60% of the Revenue.
· BFSI, Retail & e-commerce, and Travel & Transport sectors contributed in a major way to the revenue for Q2’FY24
· Revenue splits geographically: North America & Canada – 83.21%, UK & Europe – 8.45%, Rest of the World – 8.33%.
· The Board recommended an interim dividend of Rs 3 per share.
4, Nov 2023
TASVA, The Traditional Menswear Brand Unveils AW 23 Collection Campaign Starring Ranbir Kapoor and Ananya Pandey
Bengaluru, November 04, 2023: With Ranbir Kapoor and Ananya Pandey as the brand ambassadors, Tasva unveils its Autumn Winter 2023 collection that reimagines the essence of Indian culture and tradition, meticulously redefining the Modern Indian Man. With a splendid union between the visionary couturier Tarun Tahiliani and the consumer powerhouse, Aditya Birla Fashion & Retail Ltd., the brand emerges as a harmonious confluence of heritage, cultural opulence, and the pinnacle of artisanal craftsmanship.
The collection is a heartfelt tribute to the changing dynamics of men’s fashion in the Indian social landscape. The TV commercial, featuring the brand ambassadors, depicts the playful demeanour that marks wedding festivities today. It breaks the age-old adage of men staying aloof from wedding shopping. Instead, it invites grooms to take charge of the most important day of their lives and make choices that reflect the best that they can be.
Ecstatic at the launch, Ranbir Kapoor said, “I am absolutely thrilled to be a part of TASVA’s AW campaign as it mirrors a significant change in how urban grooms are now engaging in their wedding preparations. Nowadays, grooms actively participate in every facet of the wedding, from overall planning to selecting their attire as carefully as the bride. I am excited to be representing a brand that aligns with the preferences of discerning modern Indian grooms.” Inspired by India’s architectural marvels and its breathtaking natural beauty, this collection unfolds a captivating narrative adorned with a plethora of architectural, floral, and fauna motifs.
Perfectly summarising the ethos of the collection, Ananya Pandey said, “TASVA is a brand that mirrors the changing role of today’s grooms. It’s refreshing to witness this paradigm shift towards a modern perspective on weddings which I believe is elegantly depicted in this film from the bride’s lens.”
In true Tarun Tahiliani fashion, this collection gracefully melds the heritage of traditional aesthetics with the fluid lines of contemporary design. With an admirable commitment to affordability and accessibility, this collection caters to a diverse clientele. “Ranbir and Ananya, with their great on-screen chemistry, perfectly portray today’s young generation which is increasingly taking charge while staying true to their roots. The campaign is a continuation of TASVA’s commitment to and celebration of the modern Indian man, who has redefined how he sees himself. Whether in marriage or in life, comfort, quality, and a joie de vivre must go together. He wants to have fun and we at Tasva are committed to bringing him clothes that can do just that” says Tarun Tahiliani.
This wedding season, imbue your wardrobe with the effortless charm of Tasva’s breezy kurta sets and the impeccable tailoring of their sherwanis and achkans. From versatile Indo-western ensembles to chic dinner jackets, there is a garment for every taste and occasion.
Delighted with the collection campaign launch, Mr. Ashish Mukul, Brand Head said, “Over the last year, Tasva has created a strong customer connect with its best-in-class product offering and unique store experience for Men’s Indian wear buyers. We have an exquisite range across festive occasions & wedding wear apparel and accessories for Men. We believe we are the go-to choice for the Global Indian man looking for designer wedding wear at affordable prices.”
3, Nov 2023
Importance of Technical Education in Your Career
Technical education refers to the teaching of specific skills and knowledge in various fields of technology and applied sciences. It is typically focused on practical, hands-on training that prepares individuals for careers in specific industries or professions. Technical education can be pursued at various levels, including secondary schools, vocational schools, community colleges, and universities. Technical education plays a significant role in an individual’s career for several reasons:
Skill Development: Technical education equips individuals with practical skills and knowledge necessary for specific trades, professions, or industries. This practical knowledge enables them to excel in their chosen careers, making them more valuable to employers.
Career Opportunities: Many industries and professions require specialized technical skills. With technical education, individuals can access a wider range of career opportunities, as they are prepared for roles that demand specific expertise, such as engineering, information technology, healthcare, and manufacturing.
Economic Growth: A well-educated and skilled workforce is crucial for a nation’s economic development. Technical education contributes to the growth of industries and the overall economy by providing the skilled workforce necessary for innovation, productivity, and competitiveness.
Problem-Solving Abilities: Technical education often emphasizes problem-solving and critical thinking skills, which are valuable not only in specific job roles but also in life in general. These skills can help individuals adapt to changing circumstances and address complex challenges in their careers.
Job Security: As technology continues to advance and industries evolve, technical skills become increasingly important. Individuals with technical education are often in high demand and have a level of job security because of their specialized knowledge and abilities.
Innovation and Creativity: Technical education encourages creativity and innovation, as students often work on real-world projects and apply their knowledge to find practical solutions. This fosters a culture of continuous improvement and innovation within industries.
Higher Earnings Potential: In many cases, individuals with technical education can command higher salaries compared to those without specialized skills. Technical expertise is often rewarded with better compensation.
Global Opportunities: Technical skills are in demand worldwide, which means individuals with technical education have the opportunity to work and collaborate internationally, expanding their career horizons.
Career Advancement: Technical education can serve as a solid foundation for career growth. Many individuals who start with technical roles can later move into management or leadership positions, leveraging their expertise to guide teams and organizations.
Contributing to Society: Many technical careers have a direct and positive impact on society, such as healthcare professionals saving lives, engineers designing sustainable infrastructure, and scientists researching critical solutions to global challenges.
In conclusion, technical education is vital for career development and personal growth, as it provides individuals with the skills, knowledge, and opportunities needed to succeed in the ever-evolving job market. It not only benefits individuals but also contributes to economic growth and societal progress.
3, Nov 2023
Healthy Habits for a Healthy Life
“Health is wealth” is a well-known saying that emphasizes the importance of good health as a valuable asset. This phrase highlights the idea that having good health is one of the most precious and valuable things in life. Without good health, it can be challenging to enjoy life to its fullest or achieve one’s goals and aspirations. Maintaining a healthy lifestyle through proper diet, regular exercise, and other health-promoting habits is seen as an investment in one’s well-being and overall quality of life. In contrast, poor health can lead to various physical, emotional, and financial challenges. So, taking care of your health is often considered a wise and valuable investment.
Healthy habits are essential for maintaining a healthy life. They not only promote physical well-being but also contribute to mental and emotional health. Here are some key healthy habits to incorporate into your daily life:
Balanced Diet: Eat a variety of nutrient-dense foods, including fruits, vegetables, whole grains, lean proteins, and healthy fats.
Control portion sizes to prevent overeating.
Stay hydrated by drinking plenty of water throughout the day.
Regular Exercise: Aim for at least 150 minutes of moderate-intensity aerobic exercise or 75 minutes of vigorous-intensity exercise per week.
Incorporate strength training exercises for muscle health and bone density.
Find physical activities you enjoy to make exercise a sustainable habit.
Sufficient Sleep: Aim for 7-9 hours of quality sleep each night.
Maintain a consistent sleep schedule to regulate your body’s internal clock.
Create a comfortable and relaxing sleep environment.
Stress Management: Practice stress-reduction techniques such as meditation, deep breathing, yoga, or mindfulness.
Set realistic goals and prioritize tasks to reduce stress.
Get support from friends, family, or a mental health professional if needed.
Regular Check-ups: Schedule routine health check-ups with your healthcare provider.
Follow recommended screenings and vaccinations for your age and risk factors.
Be proactive in addressing any health concerns or symptoms.
Hygiene and Sanitation: Wash your hands frequently with soap and water to prevent the spread of germs.
Maintain good personal hygiene, including oral care, regular bathing, and clean clothing.
Keep your living spaces clean and well-ventilated.
Stay Hydrated: Drink an adequate amount of water daily to maintain proper bodily functions.
Limit the consumption of sugary beverages and excessive caffeine.
Avoid Harmful Substances: Limit or eliminate the use of tobacco, alcohol, and recreational drugs.
Be cautious with prescription medications and follow your healthcare provider’s instructions.
Maintain a Healthy Weight: Aim for a healthy body weight and body mass index (BMI).
Focus on gradual, sustainable weight management through diet and exercise.
Social Connections: Build and maintain strong social relationships for emotional support.
Spend time with loved ones, engage in social activities, and seek community involvement.
Continuous Learning: Stimulate your mind through reading, learning new skills, or pursuing hobbies.
Challenge your brain with puzzles, games, and intellectual activities.
Positive Self-talk: Cultivate a positive self-image and practice self-compassion.
Challenge negative thoughts and focus on self-improvement.
Gratitude and Mindfulness: Practice gratitude by regularly reflecting on the things you’re thankful for.
Embrace mindfulness to stay present in the moment and reduce stress.
Environmental Responsibility: Contribute to a healthy planet by reducing waste, conserving energy, and supporting sustainable practices.
Remember that adopting and maintaining healthy habits is a lifelong journey, and it’s essential to be patient with yourself. Make gradual changes, set realistic goals, and seek support from professionals or support networks when needed. The key is to create a balanced and sustainable lifestyle that promotes your overall well-being.
3, Nov 2023
The Beatles’ “Now And Then” Music Video Details And Global Premiere Plans Unveiled
London – November 3, 2023 – As announced last Thursday, October 26, the last Beatles song, “Now And Then” will be released this Thursday, November 2. Today, Apple Corps Ltd./Capitol/UMe are pleased to share the details and premiere plans for the song’s evocative new music video, which Peter Jackson has directed in his first foray into music video production.
The “Now And Then” music video will premiere worldwide this Friday, November 3 at 2 pm GMT / 10 am EDT / 7 am PDT on The Beatles’ YouTube channel. The poignant and humorous video invites viewers to celebrate The Beatles’ timeless and enduring love for one another with John, Paul, George, and Ringo as they create the last Beatles song.
Tune in HERE this Friday, November 3 at 2 pm GMT / 10 am EDT / 7 am PDT to join others from around the world to celebrate The Beatles’ “Now And Then” music video premiere.
Speaking about directing the music video, Peter Jackson says:
“When Apple asked me to make the music video, I was very reluctant – I thought my next few months would be a hell of a lot more fun if that tricky task was somebody else’s problem, and I could be like any other Beatles fan, enjoying the night-before-Christmas anticipation as the release of a new Beatles song and music video approached – in 1995, l loved the childlike excitement I felt as the release of Free As A Bird was inching closer.
I could have that experience once again – all I had to do was say no to The Beatles.
To be honest, just thinking about the responsibility of having to make a music video worthy of the last song The Beatles will ever release produced a collection of anxieties almost too overwhelming to deal with. My lifelong love of The Beatles collided into a wall of sheer terror at the thought of letting everyone down. This created intense insecurity in me because I’d never made a music video before, and was not able to imagine how I could even begin to create one for a band that broke up over 50 years ago, had never actually performed the song, and had half of its members no longer with us.
It was going to be far easier to do a runner.
I just needed a little time to figure out a good reason for turning The Beatles down – so I never actually agreed to make the music video for Now And Then (in fact I still haven’t to this day).
I told Apple how the lack of suitable footage worried me. We’d need to use a lot of rare and unseen film, but there’s very little … Nothing at all seemed to exist showing Paul, George, and Ringo working on Now And Then in 1995 … There’s not much footage of John in the mid-seventies when he wrote the demo … I grizzled about the lack of unseen Beatles footage from the ’60s … And they didn’t even shoot any footage showing Paul and Ringo working on the song last year.
A Beatles music video must have great Beatles footage at its core. There’s no way actors or CGI Beatles should be used. Every shot of The Beatles needed to be genuine. By now I really had no idea how anyone could make a Now And Then music video if they didn’t have decent footage to work with, and this was far from being a lame excuse. My fear and insecurity now had solid reasons why they should prevail and allow me to say no without looking too much like a chicken.
I knew The Beatles don’t take no for an answer if their minds are set on something – but they didn’t even wait for me to say no. I found myself swept along as they quickly addressed my concerns. Paul and Ringo shot footage of themselves performing and sent that to me. Apple unearthed over 14 hours of long forgotten film shot during the 1995 recording sessions, including several hours of Paul, George, and Ringo working on Now And Then, and gave all that to me. Sean and Olivia found some great unseen home movie footage and sent that. To cap things off, a few precious seconds of The Beatles performing in their leather suits, the earliest known film of The Beatles and never seen before, was kindly supplied by Pete Best.
Watching this footage completely changed the situation – I could see how a music video could be made. Actually, I found it far easier if I thought of it as making a short movie, so that’s what I did… My lack of confidence with music videos didn’t matter anymore if I wasn’t making one.
Even so, I still had no solid vision for what this short film should be – so I turned to the song for guidance.
After we had separated John’s voice on the demo tape over a year ago, Giles had produced an early mix of Now And Then. This had been sent to me back in 2022. I loved it. Since then I must have listened to Now And Then over 50 times, purely for pleasure.
Now I started listening to it intently for different reasons. I was hoping that ideas or inspiration for the short film would somehow float up from the music. And that began to happen. As I kept listening, it felt like the song was creating ideas and images that started forming in my head – without any conscious effort from me.
I teamed up with Jabez Olssen, my Get Back editor, to try and figure ways the new film footage could be used to support these wispy ideas. It was a very organic process, and we slowly started build little fragments, sliding pictures and music around in different ways until things began to click in.
We wanted the short film to bring a few tears to the eye, but generating emotion using only archive footage is a tricky thing. Fortunately, the simple power of this beautiful song did a lot of the work for us, and we finished the first 30 or 40 secs of the film fairly quickly.
Having done that, we jumped straight to the ending and tried to craft something that could adequately sum up the enormity of The Beatles’ legacy – in the last few seconds of their final recording. This proved to be impossible. Their contribution to the world is too immense, and their wondrous gift of music has become part of our DNA and now defies description.
I realized we needed the imagination of every viewer to do what we couldn’t and have each viewer create their own personal moment of farewell to The Beatles – but we had to gently steer everyone to that place. I had some vague ideas but didn’t really know how to achieve this.
Fortunately, Dhani Harrison happened to be visiting NZ at this time. I discussed the ending with him and described one vague idea I’d been toying with. His eyes immediately filled with tears – so that is the way we went.
Jabez and I now began thinking about the middle section. We could actually watch the beginning and end now, and quickly realised our initial plan of having similar emotional power continue through this middle section would be completely wrong. That was not who The Beatles were. At their core, they were irreverent and funny, and the middle section should capture that spirit. We needed to laugh at The Beatles, and laugh with them. They were always sending themselves up – and the more seriously other people took them, the more they would clown around.
Luckily we found a collection of unseen outtakes in the vault, where The Beatles are relaxed, funny, and rather candid. These become the spine of our middle section, and we wove the humour into some footage shot in 2023. The result is pretty nutty and provided the video with much-needed balance between the sad and the funny.
It was finally finished after WētāFX completed a few simple, but tricky VFX shots.
To be honest, while we hope we’ve given The Beatles a suitable final farewell, that’s something you’ll need to decide for yourselves when it’s finally released – only a few days from now.
Having got to the end, I’m very happy I’m not waiting for the release of somebody else’s Now And Then music video. I have genuine pride in what we made, and I’ll cherish that for years to come. A huge thanks to Apple Corps and the Fabs for giving me all the support I needed – and not allowing me to wriggle away.”
The music video’s global premiere will follow the worldwide release of The Beatles’ “Now And Then”/“Love Me Do” double A-side single this Thursday, November 2 at 2 pm GMT / 10 am EDT / 7 am PDT. “Now And Then” was written and sung by John Lennon, developed and worked on by Paul McCartney, George Harrison, and Ringo Starr, and now finally finished by Paul and Ringo over four decades later. The double A-side single pairs the last Beatles song with the first: the band’s 1962 debut UK single, “Love Me Do,” a truly fitting full-circle counterpart to “Now And Then.” Both songs are mixed in stereo and Dolby Atmos®, and the release features original cover art by renowned artist Ed Ruscha.
Premiering this Wednesday, November 1, ‘Now And Then – The Last Beatles Song’ is a 12-minute short film telling the story of how “Now And Then” was finally finished, almost five decades after it was originally written. This poignant short film, directed by Oliver Murray, tells the story behind the last Beatles song, with exclusive footage and commentary from Paul, Ringo, George, Sean Ono Lennon, and Peter Jackson. The short film will debut online for global viewing on The Beatles’ YouTube channel (7:30 pm GMT / 3:30 pm EDT / 12:30 pm PDT).
On November 10, The Beatles’ 1962-1966 (‘The Red Album’) and 1967-1970 (‘The Blue Album’) collections will be released in 2023 Edition packages by Apple Corps Ltd./Capitol/UMe. Since their first incarnations appeared 50 years ago, these albums have introduced successive generations to The Beatles’ music. Both collections’ track lists have been expanded for the new editions, with all the songs mixed in stereo and Dolby Atmos by Giles Martin and Sam Okell at Abbey Road Studios, aided by WingNut Films’ audio de-mixing technology. The UK single version of “Love Me Do” now kicks off 1962-1966 (2023 Edition) and “Now And Then” is featured on 1967-1970 (2023 Edition) to complete the career-spanning collections, which also include new essays written by journalist and author John Harris.
3, Nov 2023
One Point One Solutions Raises Rs. 97.42 Crore By Allotment Of Warrants To Investors
Mumbai, November 03, 2023: The Board of Directors of One Point One Solutions Ltd., a leading provider of Business Process Management (BPM) solutions, has approved an allotment of 3,44,00,000 convertible warrants at Rs. 28.32 per warrant to the promoter or promoter group of the company and certain identified non-promoter persons or entities by way of preferential allotment.
The company has received 25% of the consideration amount of warrants amounting to Rs. 24.36 crore as an advance.
Commenting on the development Akshay Chhabra, Managing Director, One Point One Solutions Limited said, “It is indeed a proud moment for us to raise a sizable amount of funds for deploying into our overseas expansion besides pursuing our in-organic growth so as to deliver good growth rates in the next three years.
This is a reiteration of investors’ confidence in the company and this would really put us in a very comfortable position to focus on our growth plans.”
3, Nov 2023
Yugen Infra Targets INR 10,000 Cr Topline in Next 3 Years
Yugen Infra, a joint venture of Timespro Consulting LLP and V K Developers Pvt Ltd, forayed into the burgeoning real estate market of the country with a grand residential project near New Goa International Airport, also known as MOPA. Timespro has been in the real estate broking business for the last 10 years, and V K Developers has been in the construction business for over 25 years.
Yugen Infra is committed to commencing this project by January 2024, and it has already bought 300 acres of land in MOPA, a futuristic region blessed with enormous amenities and smooth inter-state connectivity. The estimated cumulative gross development value (GDV) of this ambitious project is INR 1,000 Cr, and Yugen is making an outlay of INR 150 Cr in the first phase of this project. Apart from this project of significant multitude, this promising realty player is also coming up with many mega projects in Delhi-NCR, where Yugen’s headquarters is based.
The founders of Yugen Infra hold strong market repute nationwide for working on a host of covetous projects of the trustable industry players such as Emaar, Adani Realty, Birla Estates, DLF, BPTP, M3M, Elan, to name a few.
While throwing light on their maiden project, Mr Sheeshram Yadav, Managing Director – Yugen Infra, said, “Goa is one of the most sought-after markets in the country due to high appreciation, high rental yields, and preferred 2nd home destination. Besides Manohar International Airport and many star hotels in the adjacent surroundings, the project location is immensely attractive to businesses as well who understand the significance of ambience and connectivity. Moreover, the lush green coastal area qualifies for a sustainable address that every progressive mind would love to own.”
“Connectivity to mainline Goa and the advantages of living in a green and serene milieu yet in close proximity to the commercial centres via non-congested roads make our project location more enticing and futuristic,” Mr Yadav added.
3, Nov 2023
Denodo Improves Business User Productivity and Lowers Cloud and Data Lake Costs with New Platform Enhancements
New Delhi, India, November 03, 2023 – Denodo, a leader in data management, today announced significant enhancements to the Denodo Platform, which helps organizations to democratize data usage across the enterprise using generative AI, enforces consistent security and cost management policies, and enables self-service for business users, so they can create their own data products. This news follows closely on the heels of Denodo’s recent $336M funding announcement, which underscores the company’s mission to transform the way organizations innovate and operate their businesses by unifying data assets in real-time and making data ubiquitous and secure to all users and business applications.
“Data must be front-and-center for every organization that wants to be data-driven and competitive in the digital transformation era,” said Sanjeev Mohan, principal, of SanjMo and former Gartner Research VP, Data and Analytics. “However, in most cases, data is deeply buried, complex to access, and almost unattainable for business users. This diminishes its value and potential to optimize business and decision-making processes and to take advantage of new technologies such as GenAI. Denodo continues to push the boundaries of data integration, management, and delivery using a logical approach, organizations can get the maximum value from their initiatives.”
As organizations continue to expand the deployment of data products and new data analytics projects across diverse platforms and cloud systems, they remain challenged on a number of fronts. The latest features in the Denodo Platform provide all stakeholders with a strong foundation of reliable, trustworthy data to enable better cloud and data lake access and ensure strong performance. By enabling self-service BI, data science, hybrid/multi-cloud data integration, and enterprise data services to ensure organizations get the most value from their strategic business initiatives, Denodo continues to push the boundaries of data management using a logical approach.
These key Denodo Platform enhancements will help companies to:
Democratize data usage with generative AI, by enabling business users to use natural language when interacting with their data, without requiring SQL skills or access to BI tools. The latest features include pre-built integrations with ChatGPT and Azure OpenAI, enabling natural-language access to all datasets governed and delivered by the Denodo Platform.
Strengthen self-service data product development by empowering business teams to author and deliver their own data products for collaboration and data sharing both within and outside the enterprise. Data users can author, deliver, and share their datasets directly within the Denodo Data Catalog using drag-and-drop view-creation wizards and an embedded SQL shell. Data access request workflows can now be managed within the Denodo Data Catalog, enabling data owners to quickly respond to requests and have subsequent visibility to sensitive data usage, to streamline data access and governance.
Leverage the new FinOps Dashboard to improve cloud cost savings by controlling costs and optimizing workloads, including compute and data ingress/egress charges across diverse databases, data lakes, and other data platforms in use throughout the enterprise and in the cloud. The Denodo Platform’s new FinOps Dashboard provides production operations and finance staff with views and reports of the various costs incurred, from all analytic and operational data workloads managed by the system.
Democratize big data analytics, and cost-effectively improve scale, by optimizing data processing workloads for both performance and cost as data volumes grow. Denodo now offers embedded massively parallel processing (MPP) capabilities based on Presto, the leading open-source parallel SQL query engine, to improve performance when processing large data volumes. Combined with other features intended to facilitate business user interaction with data, such as the data catalog and generative AI integration, these MPP features bring the power of big data analytics to such users without requiring knowledge of SQL or advanced analytics.
Accelerate enterprise-wide privacy compliance by simplifying the management of fine-grained access control policies for all data. Data owners can now manage indirect access controls of derived views, enabling them to control downstream access to their data products, which is critical for data sharing and multi-tenant deployments. Access policies can now be based on the user’s client session details, enabling data sovereignty and other location-based compliance capabilities. Finally, tags and security classifications can now be automatically synchronized from Collibra and other data governance tools.
“Companies are scrambling to deploy more and more projects that include data sharing, analytics, generative AI, and other capabilities, and they are adopting distributed data management principles such as data mesh and data fabric to improve efficiencies, capitalize on existing assets, reduce risk, and perform better analytics,” said Alberto Pan, executive vice president, and chief technical officer at Denodo. “The latest enhancements to the Denodo Platform enable businesses to strengthen data security, leverage AI to improve self-service for business teams, and achieve control over FinOps to improve performance and their bottom line.”
