KASHYAP DALAL
Gen Z laps up ethnic fashion brands; Warburg Pincus-Whatfix deal
Happy Wednesday! Ethnic wear brands are gaining prominence among young working professionals and, in the process, attracting investor interest. This and more in today’s ETtech Morning Dispatch.
Simplilearn eyes 35-40% revenue growth in FY25
Simplilearn, owned by Blackstone, aims for 35-40% revenue growth in fiscal 2025 after restructuring and focusing on core areas. It targets Rs 950 crore revenue and full-year profitability in FY25. It competes with the likes of Temasek-backed Upgrad, Byju’s-owned Great Learning and Unacademy’s Relevel.
BJP releases second list of 72 candidates for Lok Sabha elections; check out the full list here
Other major names on the list include Union Minister Nitin Gadkari from Nagpur, Union Minister Piyush Goyal from Mumbai North, BJP national media in-charge Anil Baluni from Garwhal, and Deve Gowda's son-in-law CN Manjunath from Bangalore Rural.
Demand for Gen AI courses surge as working professionals rush to keep themselves relevant
The trend is being driven by professionals seeking to stay competitive in a fast-evolving job market and to safeguard themselves against layoffs by futureproofing their careers through upskilling, said executives of edtech companies such as Upgrad, Great Learning, Simplilearn and Coursera.
More professionals seek upskilling in cybersecurity: Simplilearn report
The report titled ‘Safeguarding the Digital Frontier - Cybersecurity Trends and Upskilling Outlook for 2024’ highlights the pressing demand for heightened cybersecurity measures in an era dominated by digital transactions.
Top guns plug into future with licence to upskill
Edtech platforms including Emeritus, Coursera, upGrad, Simplilearn and Great Learning say they have seen a sharp uptick in the number of top executives—including CXOs—who are opting for upskilling to stay on top of things in a fast-changing business environment. Courses in generative AI, ChatGPT, machine learning, data science and business analytics and leadership skills are finding the most traction among senior leaders. Tech, tech services, BFSI and healthcare are the sectors with the maximum number of takers.
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Stocks in news: HDFC Bank, Torrent Pharma, Cipla, RIL, Biocon, Tata Motors
Torrent Pharmaceutical is in preliminary talks with Apollo Global Management to secure a loan of up to $1 billion to help fund a planned bid for Cipla, Reuters reported.
Indian edtech companies eye larger offline play in post-pandemic world
The edtech sector scaled record highs during the pandemic as education moved online, but has since been among the worst affected in terms of funding and layoffs, particularly in the tuition, K12 and test-prep segments.
Simplilearn sees 123% rise in AI/ML programme enrollments across multiple markets
The dynamic shift in the technology job market has contributed to this trend, with working professionals displaying immense interest in such programmes. Notably, the US market has seen demand rise by approximately 87%, while India has experienced a 200% increase. The Middle East and Europe have witnessed a 300% surge in demand for these programmes.
Four in 10 learners looking for career change this year : Survey
Simplilearn's 2023 Consumer Survey indicates dynamic shifts in learner sentiments from last year. According to last year's report, 59% of professionals took self-study courses, 33% of learners enrolled in part-time courses, and 51% earned skilled certifications.
Not a fad: Tech comapnies delve into generative AI space
Accenture said in its earnings call that a generative AI solution created for a banking client understands the context of e-mails and automatically sends out the mails to the right teams and helps them draft the right responses.
Varun Dhawan reacts strongly after getting trolled for lifting, kissing Gigi Hadid at NMACC event
Varun Dhawan has responded to a deleted tweet that alleged he kissed Gigi Hadid without her consent during their recent performance at NMACC fashion gala. He broke the silence on Twitter, responding to alleged criticism from an individual. It was attended by several prominent personalities which included stars like Tom Holland, Shah Rukh Khan, Salman Khan and more.
Ahead of Market: 12 things that will decide stock action on Wednesday
Mazhar Mohammad of Chartviewindia.in said there are neither sell signals nor weaknesses on the price chart and advised traders to lock in their profits by placing a stop loss below the 16,490 level and look for a modest target of 16,700.
Ahead of Market: 12 things that will decide stock action on Wednesday
On the downside, 13,250-13,280 is a near-term support zone and any minor degree dip is likely to find support over there. The overall outlook for the Nifty continues to be positive with the short-term target at 13,700.
Haryana agriculture minister tests positive for COVID-19
Haryana Agriculture Minister J P Dalal said he got himself tested three days ago and the report returned negative. However, he got one more test conducted later, in which he tested positive.
Women sign up for online tech courses to upgrade skills
“I know this role will be redundant soon. The clamour for up-skilling continues and while my employer is proactive with in-house L&D (learning and development) efforts, it is really up to me to shape my career,” said Murthy.
Market Now: These stocks cracked over 8% on Friday
In the Nifty50 pack, 25 stocks were trading in green, while 26 stocks were in red.
Market Now: Gammon Infra, GVK Power Infra surge over 10%
Auto, bank and realty stocks dealt a blow to the market, as July derivative series took off on a negative note.
Market Now: Nelco, Goa Carbons hit 52-week high in a flat market
As much as 22 securities on the National Stock Exchange (NSE) hit their fresh 52-week high by 9.30 am (IST).
Market Now: Silicon Valley, Ruby Cables among stocks that fell over 5%
In the Nifty pack, 28 stocks were trading in green, while 22 stocks were in red.
Market Now: SmallCap index touched fresh high; Aban Offshore top gainer
Among the 51 stocks in Nifty index, 26 were trading in green, while 24 were in red.
Market Now: ITC, Bharti Infratel top gainers of the day
In the Nifty50 pack, 26 stocks were trading in green, while 24 stocks were in red.
Market Now: RIL, Aurobindo Pharma among most active stocks in terms of value
Most active stocks in terms of value help investors to identify the stocks with highest trading turnover during the day.
Techies reskill to log on to big data deluge
Many working professionals are signing up for specialised courses. Those who complete the courses tend to get considerble hikes in salaries.
How archaeologists across the country are unearthing the food of ancestors to shed light on the evolution of eating
The average Indian’s interest in the archaeology of food was nudged out of its stupor in 2010 when archaeologists discovered the world’s oldest curry in the village of Farmana in Haryana.
Upskilling programmes will help in shortlisting of resumes, feel 80% respondents in survey by Sheroes and Simplilearn
According to the survey, 47% of women who take a career break are between 31-35 years of age.
Digital marketing, big data top employee reskilling wish list
Technologies such as cloud, mobile, big data, analytics and social media have restructured the way the world functions and organisations are embracing these technologies
200% more women join professional training
Nearly 5,000 women enrolled with Simplilearn to upskill themselves over the past six months, a 200% increase over the preceding six-month period.
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