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India has the second-highest open access quantum computing users after US, says IBM executive
In an interview to ET, Jay Gambetta, vice president of IBM Quantum, said he saw big opportunities for India to become a pioneer in quantum computing in use cases as varied as sustainability and green hydrogen, efficiency of CO2 recapture process or nitrogen in agricultural yield and logistics.
Indian financial services sector is experiencing a significant upswing: Inventure Growth & Securities’ Kanji B Rita
India's financial services sector is poised for sustained growth. By leveraging the demographic advantage, embracing technological advancements, and prioritizing financial inclusion, a robust and inclusive financial ecosystem can be built, says Inventure Growth’s Kanji B Rita.
How to fix skilling the competition
Legislation is needed to bring parity in working conditions among blue- and white-collar workers. Where this is not possible - for instance, in construction - wages must adjust to the harshness of outdoor work. Industry also has to commit more towards tenure of employment for manual labour in order to draw in a newer generation of workers.
Vienna tops the list of 10 best cities to live in the world, Pakistan’s Karachi features in the bottom 10
The Economist Intelligence Unit (EIU) annually releases its Global Liveability Index, ranking cities based on stability, healthcare, culture and environment, education, and infrastructure. In the 2024 report, Vienna, Austria, remains the top city for the third consecutive year, praised for its cultural vibrancy and exceptional public services. However, cities like Karachi, Pakistan, and Dhaka, Bangladesh, are among the least livable, ranking in the bottom ten.
View: Some suggestions for systemic improvements to minimise, or stop, future NEET-NET-type leaks
Recent events have put the National Testing Agency (NTA) under scrutiny due to the leakage of the NEET-UG test paper, impacting admission to medical colleges. With over 2 million students taking the NEET exam annually for around 1 lakh competitive seats, the stakes are high for career-defining opportunities.
Winny Immigration IPO opens today: Check issue size, price band, GMP and other details
Winny Immigration's SME IPO, aiming to raise Rs 9.13 crore, opened for subscription and will close on June 24 on the NSE SME platform.
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India major potential partner for Europe, potential in high tech, digital services: Estonia
Estonia sees India as a major potential partner for Europe, focusing on high technology, digital services, and cyber security. Jonatan Vseviov, Secretary General of the Ministry of Foreign Affairs, highlighted the growing collaboration between the two nations. Tiit Riisalo, Minister of Economic Affairs and Information Technology, emphasized the importance of cyber security cooperation.
Karnataka contributes 22% to global R&D, says IT Minister Priyank Kharge
Karnataka IT Minister Priyank Kharge on Wednesday said the state is at the forefront of innovation, contributing 22 per cent to global R&D, and is leading in areas such as technology services. The state government is striving to make not just Karnataka but India a skilled nation, research and manufacturing destination, innovation capital and biotech and startup hub, he said.
Rahul Gandhi's Birthday Today: From education to job, lesser-known facts about the Nehru-Gandhi scion turning 54
Rahul Gandhi, turning 54 today on June 19, is a prominent Congress leader and member of India's influential Gandhi family. His career challenges the ruling BJP and Prime Minister Narendra Modi. Born into a legacy of Indian Prime Ministers, Rahul Gandhi's education spanned prestigious schools in Delhi and abroad. He holds an M.Phil. from Trinity College, Cambridge, and has pursued diverse professional ventures before emerging as a key political figure, serving multiple terms in Parliament.
ESG consultancies and services on the rise as companies rush to get sustainability tag
Emerging consultancies and ESG services companies have a lot of opportunities but struggle due to lack of awareness and data.
GDP to grow 8% in FY25 on agriculture, services boost: CII
According to the industry body, the agriculture sector is likely to grow at 3.7% in the current fiscal, compared with 1.4% last year, whereas the services sector may see a growth of 9% against 7.9% a year back.
Indian universities allowed to offer admissions twice a year on lines of foreign varsities: UGC
Indian universities and higher education institutions will be allowed to offer biannual admissions twice a year, similar to foreign universities. The two admission cycles will be July-August and January-February from the 2024-25 academic session. This will benefit students who missed admission in the July-August session due to delays in board results, health issues, or personal reasons.
Sri Lanka approves Starlink's satellite internet service, ushering in a new era of connectivity
In his post, President Wickremesinghe emphasized the transformative potential of this move for Sri Lanka, particularly for the country's youth.
Unclaimed shares moved to IEPF, a govt fund? Here's a step-by-step guide on how to get back shares
Unclaimed shares: If you have found that your shares have been transferred to Investor Education and Protection Fund (IEPF) then do not worry. You can get these shares back from the IEPF Authority by filling up the online IEPF-5 e-form. However before filing up thise-form you need to know certain important aspects like entitlement letter. Read here to know more.
Mizuho is in talks to buy KKR’s part stake in fintech company InCred
According to latest discussions, global investment firm KKR may sell around 10% stake in Mumbai-based tech-driven NBFC InCred but this may change depending on how the talks progress, sources told ET.
Hygiene brand Pee Safe launches chatbot to increase awareness and help shoppers
Pee Safe introduces PeePal, an AI-driven chatbot, to enhance personal hygiene shopping and educate consumers. With the global conversational AI market projected to reach $14 billion by 2025, PeePal aims to personalize the shopping experience and empower users with hygiene knowledge. The initiative reflects Pee Safe's evolution from a single product to a comprehensive personal hygiene brand, addressing diverse consumer needs.
South side story: Can attractive sops turn Chennai into a hub for GCCs?
Can a slew of attractive sops from the state government and a competitive workforce turn Chennai into a hub for GCCs, positioning the state as a healthy alternative to Bengaluru and Hyderabad? In addition to banks and automotive firms, manufacturing, pharma, tech and product companies in the fintech space are considering setting up GCCs in Chennai.
Brazilian payment company Ebanx set to start India operations with Yes Bank
Ebanx helps nearly 300 brands process payments in multiple countries across Latin America and Africa. It now wants to enter India, which will be its first market in Asia. It will offer payments infrastructure for global brands looking to sell to Indian consumers, who can use Ebanx to pay through the local currency and by using local payment methods.
Google-backed Adda247 hires Bimaljeet Singh Bhasin as CEO of Skilling and Higher Education Business
Adda247 appointed Bimaljeet Singh Bhasin as CEO to lead skilling and higher education business growth, with support from Google, Westbridge, and Info Edge. Bimal's vast experience will help expand offerings for over 40 million users preparing for various exams.
Kedaara Capital closes largest India PE fund at $1.74 billion
Kedaara Capital has closed its $1.73 billion fund, Kedaara IV, the largest fund raised by an India private equity fund in 12 years. The fund, which will be its fourth in 12 years, was raised in just four months beginning last December and would even surpass Chrys Cap’s $1.3 billion Fund IX raised in 2023. Around 85% of Kedaara’s new fund was raised from existing backers, including the three of the largest Canadian pension funds – CPPIB, CDPQ, and Ontario Teachers’ Pension Plan (OTPP).
There is a critical need for upskilling initiatives in India, says Pearson executive
In an interview with ET’s Sreeradha Basu, Jane Baker, vice-president, Workforce Skills at learning company Pearson said India stands out as a leader in the global upskilling market due to its sheer volume of learners seeking to enhance their skills and through the active support of government initiatives like Skill India.
Investor funding in edtech drives behaviour which is not good for industry: Byju's Aakash CEO
Byju's AESL's CEO Deepak Mehrotra raised concerns about investor-driven behavior in edtech, emphasizing the inadequacy of digital tools for medical and engineering aspirants. He highlighted the need to address new learners' requirements and discussed industry challenges and his background.
Mubadala plans big deals in India's healthcare space
Abu Dhabi's Mubadala Investment Company plans to expand in India's healthcare sector, seeking deals in the $200-500 million range. With a focus on pharmaceuticals, outsourced pharma services, and medtech, Mubadala aims to deploy capital meaningfully in India. This move aligns with Mubadala's strategy to generate sustainable financial returns. They have made significant investments globally and are now looking to expand their presence in India's healthcare landscape.
Tourism and Hospitality Skill Council unveils report highlighting sector's demand and skill gap
The Tourism and Hospitality Skill Sector Council (THSC) has released a report on the Demand And Skill Gap, estimating that 5.7 million youth could be trained to meet an expected incremental labor demand of 3 million workers between 2025-2028. Challenges such as low wages and long working hours deter youth from continuing in the industry. The report was unveiled by Atul Kumar, secretary, Ministry of Skill Development and Entrepreneurship, and highlighted the need for skills like problem-solving and communication.
Nithya Easwaran is bullish on small ticket MSME and supply chain finance. Here’s why
Nithya Easwaran discusses the investment focus on various sectors within financial services in India, emphasizing the importance of fintech, customer experience, and the role of technology in enhancing the industry. She further says: "At any point in time, we would at least have seven or eight companies that we are evaluating in financial services alone. We are in our fourth fund now."
US universities can now validate TOEFL scores through Indian study-abroad partners
Educational Testing Service (ETS) has partnered with Career Mosaic to enable US universities to validate TOEFL test scores through their Indian study-abroad partners. This initiative aims to enhance the credibility of student profiles shared with universities and streamline the enrolment process. TOEFL is a standardised test for measuring English language proficiency, widely recognized by universities worldwide.
Elderly care startup Kites Senior Care raises Rs 45 crore in funding from Ranjan Pai
The funds will be used to deepen its presence in cities like Bengaluru, Hyderabad, Chennai, while also facilitating expansion into three additional cities across Southern India, the company said.
Curated Living buys student housing asset, completes foray into all regions
This student housing facility, with around 1 lakh sq ft built-up structure and a total of 766 beds, started operating from November 1. The deal marks Curated Living Solution's first brownfield venture in the student housing vertical. Curated Living is backed by realty developer DivyaSree Developers Group.
Educational Testing Service (ETS) acquires PeopleStrong's subsidiary Wheebox
Educational Testing Service (ETS) has acquired Wheebox, a subsidiary of PeopleStrong, in a move to expand its presence in India and globally. Wheebox will continue to operate independently as a subsidiary of ETS. The acquisition was led by ETS Strategic Capital, ETS' private equity investment and merger and acquisition execution arm.
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