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Meesho Prioritizes Employee Well-Being with 9-Day ‘Reset and Recharge’ Break

Leave a Comment / / Human Resource Community

Meesho, the e-commerce platform, has placed a strong emphasis on the well-being of its employees by introducing its third annual ‘Reset and Recharge’ break from November 11 to 19, 2023. During this nine-day period, known as Meesho’s “MeeCARE” initiative, employees, or “Meeshoites,” can disconnect from work, prioritize their mental health, and celebrate. This move reflects Meesho’s dedication to the overall happiness and growth of its workforce, following the success of the ‘Meesho Mega Blockbuster Sale.’ Furthermore, the company has enhanced its parental policies, offering financial support, extended leave for primary caregivers, and provisions for unforeseen circumstances, health issues, and equitable performance evaluations. Meesho’s employee-centric approach is geared towards alleviating burnout and anxiety, promoting a healthy work-life balance, and fostering exceptional company culture. The ‘Reset and Recharge’ break is part of the comprehensive MeeCARE wellness program, encompassing mental, physical, financial, and social well-being, along with various initiatives such as employee-led communities, sports events, health services, counselling, financial wellness sessions, and partnerships with NGOs. Meesho has previously introduced innovative policies, including unlimited wellness leave, gender reassignment leave, and pet adoption leave, highlighting their commitment to creating a flexible and empowering workplace.

Meesho Prioritizes Employee Well-Being with 9-Day ‘Reset and Recharge’ Break Read More »

Netflix’s Ad-Supported Plan Grows to 15 Million Users, Surpassing Expectations

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Netflix has reported a significant increase in the popularity of its ad-supported subscription tier, revealing that it now boasts 15 million monthly active users worldwide. This marks a threefold growth from the figures disclosed in May and demonstrates notable progress as Netflix approaches the one-year mark since introducing this more affordable option. In response to slowing subscriber growth, Netflix launched this ad-supported plan alongside efforts to curb password sharing, effectively aiming to boost its revenue. This strategy has yielded positive results, with Netflix surprising Wall Street by adding 8.8 million subscribers in its third-quarter report, and similar growth is anticipated for the fourth quarter. Netflix is further enhancing its ad tier by introducing new features for both advertisers and users. Advertisers can now select from 10-, 20-, and 60-second ad formats in addition to the existing 15- and 30-second options. This expanded choice provides advertisers worldwide with multiple formats to utilize. Ad tier members can also look forward to improvements such as higher 1080p streaming resolution and the ability to download movies and series to their devices, starting at the end of the week. Netflix plans to cater to binge watchers by offering an ad-free episode after viewers watch three consecutive episodes of a series, starting in the first quarter of 2024.

Netflix’s Ad-Supported Plan Grows to 15 Million Users, Surpassing Expectations Read More »

COVID Vaccination Doesn’t Increase Risk of Sudden Deaths Among Young Adults in India: Study

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A study conducted by the Indian Council of Medical Research (ICMR) has found that COVID-19 vaccination does not raise the risk of sudden deaths among young adults in India. The research, titled “Factors associated with sudden deaths among adults aged 18-45 years in India,” is currently undergoing peer review and is yet to be published. The study’s findings indicate that factors such as previous hospitalization for COVID-19, binge drinking, and intense physical activity shortly before death are more likely to increase the risk of sudden deaths in this age group. Union Health Minister Mansukh Mandaviya, referencing the ICMR study, advised individuals who had experienced severe COVID-19 not to exert themselves excessively for a year or two to reduce the risk of heart attacks and cardiac arrests. The study was initiated due to concerns about anecdotal reports of sudden deaths among healthy young adults in India, potentially related to COVID-19 or vaccination. It analyzed cases of seemingly healthy individuals aged 18-45 who died suddenly from unexplained causes between October 1, 2021, and March 31, 2023. The research collected information on their medical history, behaviors, COVID-19 hospitalization, and vaccine doses administered, concluding that COVID-19 vaccination actually reduces the risk of sudden deaths among young adults in India. This study offers valuable insights into the factors contributing to such occurrences in this demographic.

COVID Vaccination Doesn’t Increase Risk of Sudden Deaths Among Young Adults in India: Study Read More »

IIT JAM 2024 Application Modification Window Opens on November 20, Exam Details Revealed

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The Indian Institute of Technology, Madras (IIT-M) is set to open the application modification window for IIT JAM 2024 from November 20, 2023. This allows registered candidates to make changes to their applications on the official JAM 2024 website, jam.iitm.ac.in. The IIT JAM 2024 exam is scheduled for February 11, 2024. In the morning session, exams for Chemistry, Geology, and Mathematics will be held, followed by Biotechnology, Economics, Mathematical Statistics, and Physics in the afternoon. Candidates can choose to appear for one or two test papers, provided they are not scheduled in the same session. After the exam, candidates can access their responses and the answer key through the JOAPS login. The results will be announced on March 22, 2024, with scorecards available on April 2, 2024. The application process for admission will commence on April 10, 2024. The JAM 2024 exam will be conducted across eight zones, and candidates must specify their preferred examination cities when applying. The choice of the first city determines the zone, and candidates can select their second and third choice cities from the same zone. Detailed information about the zones and examination cities can be found on the official website.

IIT JAM 2024 Application Modification Window Opens on November 20, Exam Details Revealed Read More »

India Mobile Congress 2023 Draws Record 1.5 Lakh Attendees, Showcasing Telecom and Technology Advancements

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India Mobile Congress 2023, the 7th edition of the nation’s largest telecommunications industry event, witnessed an impressive turnout of over 1.5 lakh attendees over the course of three days. This marks a notable 55% increase in footfall compared to the previous year, as revealed by data shared by India Mobile Congress (IMC). In 2022, the event had seen 1,00,210 participants over three days. Ramakrishna P, CEO of India Mobile Congress, stated, “As we establish IMC as a premier technology platform going beyond telecom, this year’s edition of IMC had a spectacular show of future technologies and engaging discussions spread over 3 days. We are really happy to note the highest-ever attendance of over 1.5 lakh at IMC 2023,” The event, inaugurated by Prime Minister Narendra Modi on October 27, saw a substantial increase in attendance on the opening day, with 7,600 attendees compared to 3,532 in the previous year. Additionally, the number of participating countries at the event more than doubled, increasing from 31 in the previous year to 67 in 2023. IMC 2023 also witnessed the active involvement of 402 startups, marking a fourfold increase from the previous year’s participation.

India Mobile Congress 2023 Draws Record 1.5 Lakh Attendees, Showcasing Telecom and Technology Advancements Read More »

Sharp 61% Surge in Female Job Applicants Signals High Demand in India’s Festive Job Market: Report

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Ahead of the festive season in India, there has been a substantial 61% increase in the number of female job applicants, as reported by the prominent job and professional networking platform, apna.co. This surge in women applicants suggests a growing demand for female professionals in various industries, especially in sectors like e-commerce, retail, and hospitality, which tend to experience increased activity during the festive season. The job market has undergone significant changes from 2022 to 2023, with notable shifts in the top five job categories: telecalling, accounts, business development, marketing, and delivery. Notably, several leading companies such as Bajaj, Axis Bank, Paytm, Flipkart, and Reliance actively participated in the festive season job market and offered attractive incentives to attract top talent. “We have witnessed a substantial increase in the number of female applicants and evolving preferences among job seekers over the past year. Looking forward, we expect further changes in the employment landscape as we strive to empower professionals and bridge the gap between job seekers and employers,” noted Nirmit Parikh, Founder and CEO of apna.co. Furthermore, the report revealed that more than 1.2 lakh job openings were documented in August and September 2023 in major Indian cities, reflecting a surge in hiring demand in anticipation of the festive season. City-specific trends indicated distinct preferences, with Delhi showing a preference for roles in Sales & Marketing, Customer Support & Sales, and Accounting Technicians, while Mumbai exhibited high demand for Finance & HR, Sales & Marketing, and Business Development positions.

Sharp 61% Surge in Female Job Applicants Signals High Demand in India’s Festive Job Market: Report Read More »

Radio Mirchi and Radio Orange Compete to Acquire BIG FM Network in Insolvency Bid

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Two leading radio networks, Radio Mirchi and Radio Orange, are reportedly competing in a bid to acquire BIG FM Radio network, which is currently going through an insolvency process. The bids from Radio Mirchi and Radio Orange, as well as Haryana-based Sapphire FM, are both valued at Rs 251 crore. The lenders involved are expected to request upward revisions to the bids, and the lenders may potentially recover up to 60% of their total admitted claims, considering the cash reserves of BIG FM. BIG FM, owned by Reliance Broadcast Network Ltd, is India’s largest radio network, operating in numerous towns and villages. The insolvency proceedings began after BIG FM failed to repay a debt of Rs 175 crore, with total lender claims amounting to Rs 578 crore. Lenders include IndusInd Bank, HSBC Asset Management, Franklin Templeton MF, and Reliance Commercial Finance. The insolvency case is related to Reliance Broadcast Network’s failure to clear a financial debt of Rs 175 crore, stemming from NCDs issued in 2015 and 2016. IDBI Trustee Services represented L&T Investment Management Services in the case, with Reliance Capital serving as the guarantor for Reliance Broadcast Network. However, at the time of NCD redemption in 2020, the payment was not made, leading to the insolvency proceedings.

Radio Mirchi and Radio Orange Compete to Acquire BIG FM Network in Insolvency Bid Read More »

14 BHU Scholars Awarded Prime Minister’s Research Fellowship

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Fourteen research scholars from Banaras Hindu University (BHU) have earned the prestigious Prime Minister’s Research Fellowship (PMRF) in the latest cycle. These scholars, representing various departments at BHU, have been selected through a rigorous national-level selection process. Under the PMRF scheme, the chosen scholars receive an attractive fellowship package, including a research contingency grant. For the first two years, the fellowship amounts to Rs 70,000 per month, increasing to Rs 75,000 per month in the third year, and Rs 80,000 per month in the fourth and fifth years of their research projects. Additionally, researchers can access a research contingency grant of Rs 2 lakh per annum. The PMRF scheme, initially launched in the 2018-2019 budget, is designed to promote high-quality research and attract the best talent into the research field. BHU, known for its commitment to excellence, has increased its representation in prestigious schemes and fellowships, reflecting its dedication to fostering research and academic achievement. Vice-Chancellor Prof. Sudhir Kumar Jain expressed optimism about BHU’s future performance in this regard.

14 BHU Scholars Awarded Prime Minister’s Research Fellowship Read More »

ICC Cricket World Cup 2023 Sets Unprecedented Viewership Records on Disney Star Network

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Disney Star has achieved record-breaking viewership for the ICC Men’s Cricket World Cup, showcasing the widespread cricket fever. According to data from BARC shared by Disney Star, the first 18 matches of the tournament amassed a staggering 123.8 billion viewing minutes. This reflects a remarkable 43% increase compared to the previous edition held in England and Wales in 2019. Additionally, the current World Cup, which commenced on October 5, attracted 364.2 million viewers for these initial 18 matches. One of the standout moments was the highly anticipated India vs. Pakistan clash on October 14, which saw 76 million concurrent TV viewers and 35 million simultaneous digital viewers. The tournament also witnessed a new digital concurrency record during the India vs. New Zealand match in Dharamsala on October 22, surpassing the previous record set during the India-Pakistan match, with 43 million viewers on Disney+ Hotstar. This epic clash marked the highest peak viewership in digital cricket history across all formats. Notably, attendance at the venues also surged, with over 542,000 fans present at matches during the first half of the tournament. This is a substantial increase of 190,000 more attendees compared to the equivalent stage in 2019, as reported by the broadcaster. Disney Star anticipates further momentum in the tournament, driven by the strong performance of the Indian team, the fluctuating fortunes of top teams, and a competitive points table, according to Sanjog Gupta, Head of Sports at Disney Star. The broadcaster remains committed to delivering exceptional coverage of the global event and aims to continue delighting sports fans around the world.

ICC Cricket World Cup 2023 Sets Unprecedented Viewership Records on Disney Star Network Read More »

Strides Pharma Sells Singapore Plant for $15M to Reduce Debt and Costs

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Strides Pharma Science (Strides) has recently announced a significant development in its strategic restructuring efforts. The company has signed a binding agreement with Rxilient Biohub to sell its manufacturing facility in Singapore for a total of $15 million. The proceeds from this transaction will be allocated towards reducing the company’s debt. This sale also promises to yield substantial cost savings for Strides, with an annual reduction of INR 75 crore. Of this amount, INR 18 crore will be attributed to a decrease in operating expenses, while INR 57 crore will pertain to depreciation and operating lease expenses. It’s important to note that this transaction will not have any adverse impact on the company’s revenues and is expected to be earnings per share (EPS) accretive. The Singapore manufacturing facility had been inactive since the previous year as part of Strides’ broader strategy to optimize its manufacturing network and cut costs, which was unveiled as part of the FY23 reset strategy. Strides has been directing its efforts towards integrating its operations in the United States, and products previously supplied for US government procurement have already been transitioned to the Chestnut Ridge manufacturing site in the US. The company views this sale as the culmination of its ongoing manufacturing network optimization efforts, aligning with its core objectives of enhancing profitability and operational efficiency. The completion of this transaction is anticipated in the third quarter of FY24, contingent upon the receipt of necessary approvals.

Strides Pharma Sells Singapore Plant for $15M to Reduce Debt and Costs Read More »