LIMITED TALENT POOL
Infrastructure stocks: With more clarity a stronger round of re-rating in Modi 3.0? 7 infra stock with upside potential of up to 33%
Couple of months back PM Modi had mentioned his priorities of Modi 3.0. The first word which was used was infrastructure and then subsequently others. There should not be any surprise given the fact that even in the last ten years, infrastructure has been a priority. What has changed is that in the first five years, it was the clean up of the books and debt which was taking place. In the next five it was both, lowering debt, higher order book and now with books much better placed, much less litigation, now when the order book gets bigger as the focus on infrastructure continues the increase is likely to be more visible in margins and that increases the probability of even a strong and sustained rating. We take a look at infrastructure makers, which is very different from infrastructure owners. Though in some cases, these companies also have some projects where they have stakes.
India Inc doubles down on getting the gender mix right
Naina Lal Kidwai, chairperson of Rothschild & Co, who is also on the board of directors of Biocon and UPL, said one of the big factors fuelling this change is ESG reporting. Companies, especially the larger ones, are seeking ratings from global firms like Moody’s where one of the questions being asked is around diversity and inclusion. Indian companies also need to disclose Business Responsibility and Sustainability reporting besides adhering to integrated reporting where ESG etc, is being integrated into annual reports.
Why deeptech companies need to do a deep-dive on gender diversity
Indian companies, particularly in the IT sector, have made some progress in gender diversity but still face significant challenges, especially in the deeptech sector. A report by Pure Storage and Zinnov highlights these issues, revealing that while global capability centres (GCCs) employ 1.66 million people with 28% being women, this diversity decreases sharply at higher corporate levels, dropping to just 6.7% at the executive level.
Global capability centres seek to increase female representation in tech roles
Data from Quess Corp indicates that the presence of women in global capability centres (GCCs) has slightly increased to 30% in FY24 from 26.6% in FY20. However, there remains a significant gap in women's representation in mid and senior-level roles, leading to talent shortages. A report by Pure Storage and Zinnov reveals that only 6.7% of women hold executive positions in GCCs, with even lower representation at the senior level (15.7%).
Infrastructure stocks: Stay bullish, hedge to participate in next round of re-rating: 6 infra stock with an upside potential of up to 39%
Among the sectors which have seen a strong re-rating in the last five years, probably infrastructure is amongst the top ones. Like many other sectors here also the re-rating has been largely due to policy push and government spending. If one looks at the performance of the companies in the last five years, there has been clearly strong growth across the board. So, policy continuity becomes critical for this sector and the stocks. The
Senior-level IT services hiring in 2024 focuses on new-age skills
IT services and global market conditions impact senior-level hiring with pay hikes expected. Roles in finance, consulting, and program management are in demand. Companies hiring for roles like chief AI officer, delivery head-AI, and CFOs. Skills in cloud computing, machine learning, and data engineering are sought after. Gartner forecasts $5 trillion IT spending in 2024, with India's IT spending growing.
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India Inc hunts for new cyber warriors
Corporate India is actively seeking cybersecurity professionals amidst rising concerns over data breaches, evolving regulatory requirements, and the emergence of advanced artificial intelligence platforms. To address vulnerabilities in security controls and processes, companies are bolstering their cybersecurity teams across various domains.
Myth Debunking 101 – ‘Remote work limits career growth’
The article discusses the prevalent misconception that remote work hinders career growth and emphasizes the benefits it offers when managed effectively. It highlights the necessity of changing mindsets towards remote work to leverage its potential for career advancement. Experts suggest that remote work enhances flexibility, access to global opportunities, and diversity, while reducing overhead costs and commuting. Strategies such as networking through online platforms and acquiring specific skills like remote communication and time management are crucial for remote workers.
Foreign lands turn hunting ground for CXO search companies
Global CEO and CXO searches by Indian companies and MNCs focus on specialist roles in high-tech sectors like automotive and pharmaceuticals, emphasizing expertise in data centers, cloud computing, and EV technologies. Returning Indians are sought for their industry knowledge.
India growing when world is in stress, says CII president-designate & ITC chairman Sanjiv Puri
Sanjiv Puri, the president-designate of CII and the chairman of ITC Limited, highlighted India's growth amidst global challenges during an event. He emphasized the country's rich potential and the opportunities it offers, especially in terms of its talent pool, supply chain, and digital transformation
Tailwinds of coordination between central and state governments: 7 companies from road construction and infrastructure sector
While government policy impacts every sector in one way or another, there are some sectors where government policy is the most important factor both for growth and survival. Why it is important, because all of the spending in that sector is done by the government, it could be central or the state government. At first, it was the central government, but if one looks at how important it has become for gaining political capital, every state government has been focusing on road and highway construction. The impact of a coordinated effort between state and central government is that the lead time for the construction of roads comes down very sharply. This has a positive impact on the bottomline of the companies, right from lower requirement of working capital to higher turnover in terms of companies being able to securitize their assets to other players or private equity funds and move on to take on other projects leading to higher growth in bottomline.
Startups tap new pools of capital; consumer lending apps hit profitability
Capital pools have diversified amid the broader tech slowdown with large global, crossover and hedge funds mostly staying away from cutting new cheques. Domestic firms and family offices such as those run by Zerodha cofounder Nikhil Kamath, Manipal Group chairman Ranjan Pai, and Premji Invest have backed startups including Subko, Quorum Club, Kites Seniorcare and The Sleep Company.
We need short-term courses to skill 100 million people in fundamentals of AI: CP Gurnani
According to Nasscom, as India currently ranks first in terms of AI skill penetration and AI talent concentration, the AI skill shortage is now being felt across the spectrum.
Stretched timelines: What’s extending the duration of CEO & CXO searches?
Many seasoned pros are dropping off at the fag end of the notice period even after accepting an offer, said at least half a dozen leadership search companies. This is leaving companies, leadership consultants and even boards in a quandary as the time taken to fill a CEO/CXO vacancy - from the start of a search process till the person joins the new company - has extended more than ever before, said people linked to C-suite searches.
ET CEO Roundtable: Tech, talent & risk capital can book India’s ticket to future
Key question is who’s going to win, Arthur Burns or Paul Volcker. Which way is inflation going to go? Deep at night you feel inflation is coming down... in the morning ... it feels like it’s going up, says Uday Kotak at ET CEO Roundtable. While Nitin Kamath said If you want the markets to truly expand and the customers to be truly sticking around for long periods, we need to find ways to enable the advisory network in this country.
India Inc looks to recruit from bigger Haryana talent pool
This decision to provide 75% reservation in private sector jobs will help companies in Haryana to hire from a bigger talent pool and not just limit them to hire local talent, said at least half a dozen executives in companies ranging from auto components, automobile, e-commerce, aviation sectors.
India ready to host Olympics in 2036, no dearth of sporting talent in country, says PM
There is no dearth of sports talent in India, Modi said, adding the country has produced many sports champions. Modi referred to several key actions of his government in the last 30 to 35 days, including passage of the Women's Reservation Bill, the Nari Shakti Vandan Adhiniyam, India successfully completing key test in Gaganyaan mission, launch of Namo Bharat trains of the Regional Rapid Transit System, and Operation Ajay flights to facilitate the return of Indian nationals trapped in Israel.
ET MSME Day 2023: What can MSMEs do to hire the best talent?
While the MSME sector is among the largest job providers, it faces significant challenges in attracting and retaining top talent.
Bit-by-Bit, Indian Semiconductor firms build talent pool
Companies are also focusing on building up fresh talent on campuses. Analog Devices provides a platform for university students under its Anveshan initiative, for building or prototyping complete system designs. The programme has helped to identify key talent early and provide the required mentoring for their projects, said Prasad.
Green jobs hiring rises as companies eye sustainable growth
Green job opportunities in India have surged 80-100% compared to last year, but there is a lack of talent in this emerging field as most of these job profiles are new. Companies such as Vedanta Group, Schneider Electric and Tata Steel are scouting for talent for profiles in sustainability, waste management, green infrastructure and other related fields. To address the shortage of talent, companies are increasingly hiring younger employees and training them.
Vedanta director Priya Agarwal Hebbar's message to women: 'Call yourself a leader, not a woman leader!'
The Vedanta Limited director plans to make the mining field more inclusive in the long run.
States will have to provide 'livable' cities to attract investment, talent pool: Ahluwalia
There is a need to hugely expand non-metro cities in India, and state governments will have to strive to provide "livable" cities if they want to attract investment and talent pool, economist and former deputy chairman of the erstwhile Planning Commission Montek Singh Ahluwalia said here Saturday.
ONGC should pursue speed, not perfection: Arun Kumar Singh
"Let us not waste resources chasing perfection. Speed is more important than accuracy in the phase ONGC is now, where we need to make the discoveries faster. Of course, safety procedures remain paramount," chairman Arun Kumar Singh told the executives at a recent meeting, according to people in the know.
Z21 Ventures sets up $5-million fund to invest in early-stage companies
So far, the fund has invested about half a million dollars in TrueFoundry, HEN Nozzles, Inito, and Explorex, and is doing due diligence on more than 25 early-stage companies.
Indian professionals to benefit from Hong Kong's new talent scheme
With the city's workforce shrinking by about 140,000 people over the last two years, Chief Executive John Lee announced the "Top Talent Pass Scheme" this month, which includes incentives for high earners and top university graduates.
Succession and talent, ongoing success story
An overwhelming majority of India's biggest companies have been started by entrepreneurs and have grown through capabilities honed within the family tree. Moving down the scale, smaller businesses tend to keep it in the family even more as a means of preserving managerial talent to acquire scale. A large chunk of Asian business also operates this way. And they are not exactly an endangered species in the US and Europe.
Top companies tap freelancers to overcome attrition, talent shortage
Access to a wider talent pool and the need for flexibility and specific skills are among the key factors driving this trend, industry insiders said.
Hiring in crypto? Top tips from headhunters about what to do
With the rise in digital-asset prices and the expansion of decentralized finance (DeFi) and non-fungible tokens (NFTs), there’s been a boom in companies and organizations -- and a need for qualified people to make them function. Crypto firms have been fighting for top talent as job listings soar in an industry that’s so new, someone with just a few years of experience is often considered a veteran.
Vinod Dham: Accelerating India's technological capabilities
Growing adoption of technology will play a crucial role in India's economic development and security.
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