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Friday, October 24, 2025 10:37 AM

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Capgemini plans to hire 60,000 people in India by 2022

Capgemini, a French technology company, has announced that by 2022, it’ll have hired 60,000 new employees in India. According to Ashwin Yardi, CEO, the recruitment drive was made possible by the growing need for digital-led solutions. Freshers and lateral talent will make up the new hires, with an emphasis on upcoming technologies like 5G and quantum. Capgemini employs 3,55,000 people, half of whom are based in India and work there. In partnership with Ericsson, Capgemini launched a 5G lab in India in 2021. In the last few months, this lab has gained a lot of traction. Aiman Ezzat, Capgemini’s group CEO, indicated last month that India will have a bigger role in overseeing the company’s operations in the coming months. He also stated that the company would focus on producing leaders in India, who would eventually be able to lead teams across the globe. The firm employs 100 account executives, all of whom are working toward becoming global account executives. It has also ordered the construction of new centres of excellence in India this year. The three technologies that will be major growth drivers for the Company in the future are quantum, 5G, and Metaverse. Capgemini is establishing labs to develop solutions for these technologies for its global customers. Source: Economic Times

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MEA Jaishankar will make a statement on the situation in Ukraine in RS today

S Jaishankar, the External Affairs Minister, will make a statement in the Rajya Sabha on Tuesday about the situation in Ukraine and the status of Indian students being evacuated as part of Operation Ganga. In the second part of Parliament’s Budget Session, the Opposition slammed the government for delaying the rescue of students trapped in the conflict zone and criticized the Ministry of External Affairs (MEA) for releasing “vague” advisories. Chairman M. Venkaiah Naidu praised the federal and state governments for rising to the challenge of evacuating Indian students. Later, around zero hour, members expressed concern about the future of students from Ukraine. Ravindra Kumar, a TDP MP, said that now that the students’ safety and security had been assured, the government should take the required steps to protect their future by consulting all stakeholders. “Students who returned from Ukraine owing to the war are in a really terrible situation,” Congress MP K.C. Venugopal said. Their future is a major concern for their family. “The government must explain what steps it is taking to accommodate medical students who were compelled to return from Ukraine midway through their degree,” he said. On February 24, the Indian government began Operation Ganga to bring back trapped Indians in Ukraine. Prime Minister Narendra Modi sent four central ministers, Kiren Rijiju, Hardeep Singh Puri, Jyotiraditya Scindia, and General VK Singh, to coordinate rescue operations in various countries. In more than 80 special evacuation flights, India has been able to rescue over 20,000 stranded citizens. Buses and trains carried Indians to Ukraine’s western borders, where they were flown back to India through Bucharest, Budapest, Suceava, and Warsaw. Over 600 students were evacuated from Sumy, and the last group was taken back to India via Poland. Meanwhile, India has decided to relocate its embassy in Ukraine to Poland for the time being. “In view of the rapidly deteriorating security situation in Ukraine, including attacks in the western parts of the country,” the Ministry of External Affairs said, “it has been decided that the Indian Embassy in Ukraine will be temporarily relocated to Poland.” On Monday, the second part of the Budget session began and will end on April 8. In addition to conducting legislative work, the Rajya Sabha is expected to spend more than 64 hours debating issues of public importance. Source: ANI

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NCERT develops bridge course modules for out-of-school children

The National Council of Educational Research and Training (NCERT) has developed bridge course modules for out-of-school children, which include various activities that are helpful in bridging learning gaps, in order to address issues related to shortfalls or loss of learning among students during and after the lockdown. The various states were also asked to create and implement the School Readiness Module Bridge Course in classrooms for the initial one or two months for each grade. Minister of State for Education Annpurna Devi provided the information in a written reply to the Lok Sabha on Monday. NCERT has also prepared an ‘Alternative Academic Calendar,’ which is a week-by-week learning plan for grades 1 to 12. “The spread of Covid-19 pandemic has impacted school education across the world. Schools in States and Union Territories were closed as a precautionary measure to protect the students fromthe coronavirus,” she said. COVID-19, she says, has disrupted pupils’ learning from pre-school to grade 12. Education is on the Constitution’s concurrent list, and the majority of schools are under the jurisdiction of state and local governments. She noted that the Ministry of Education held multiple consultations with states and UTs during the pandemic to analyse the various components of the COVID-19 pandemic. The Alternative Academic Calendar is a collection of fun activities and challenges based on the syllabus’s topics and themes. It connects topics and themes to learning outcomes, making it easier for teachers and parents to measure students’ progress in a variety of ways. Also, links for e-resources have been provided for those learners who have access to the internet. The Ministry of Education (MoE) will also start a National Mission on Foundational Literacy and Numeracy called ‘National Initiative for Proficiency in Reading with Understanding and Numeracy (NIPUN Bharat)’ on July 5, 2021, under the aegis of Samagra Shiksha, according to the minister. The National Mission establishes goals and action plans for states to meet the goal of every child being proficient in foundational literacy and numeracy by third grade. For pupils in class 1, the Vidya Pravesh module has been launched. This play is based on a three-month school readiness programme for children entering Class I. In addition, the ministry of education has launched PM eVIDYA, a comprehensive initiative that unites all activities connected to digital, online, and on-air education to enable multi-mode access to education. Source: IANS

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India Records 2,503 Fresh Cases of Covid-19 in last 24 hours

According to the Union Ministry of Health and Family Welfare on Monday, India continues to see a steep decline in the number of Covid-19 cases, with the country reporting 2,503 new infections in the last 24 hours, bringing the total number of Covid-19 cases to 42.99 million. India saw a sharp drop in Covid-19 deaths on Monday, with 27 deaths reported in the last 24 hours, bringing the total death toll to 515,877. The active caseload in the country now stands at 36, 168, and the daily positive rate in the country is 0.47 %, according to Health Ministry data. India’s current active caseload, at 36,168, is the lowest in 675 days, according to the Ministry of Health and Family Welfare. Meanwhile, the Union Ministry of Health and Family Welfare announced on Sunday that more than 17.42 crore Covid-19 vaccine doses had remained unused and are still available with the states and union territories. “More than 182.65 crore (1,82,65,14,930) vaccine doses have been provided to States/UTs so far through Govt. of India (free of cost channel) and through direct state procurement category. More than 17.42Cr (17,42,45,896) balance and unutilized Covid vaccine doses are still available with the States/UTs to be administered,” said the Ministry. On January 16, 2021, the nationwide Covid-19 vaccination programme began. The new phase of Covid-19 vaccine universalization began on June 21, 2021. More vaccines have been made available, and States and UTs have been given advance notice of vaccine availability, allowing them to plan ahead of time and streamlining the vaccine supply chain. The Union Government has been helping the States and UTs by providing them with free Covid vaccinations as part of the nationwide vaccination drive. The Union Government would acquire and supply (free of cost) to States and UTs 75 percent of the vaccines produced by vaccine manufacturers in the country in the new phase of the Covid-19 vaccination effort.

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UGC mulling to invite industry experts to teach at Central Universities

According to an official, the University Grants Commission (UGC) aims to develop a system in which industry specialists can teach as full-time or part-time faculty members in central universities. It has also been advocated that specialists without a Ph.D. or NET qualification be permitted to teach in institutions. Special posts — professor of practise and associate professor of practise — will be created, according to the official. As per the proposal, experts who are willing to teach can be hired as full-time or part-time faculty members, depending on the needs of the university, according to the official, who also added that those who have retired at the age of 60 will be eligible for these positions and will be able to work until the age of 65. This was discussed at the UGC chairman’s meeting with the vice-chancellors of central universities on Thursday. According to the source, the UGC will organise a committee to investigate how this might be accomplished and will present its findings. There are also plans to create a portal that would serve as a single point of entry for those interested in applying to universities. Professor Abha Dev Habib of Delhi University slammed the action, claiming that the government is “freeing itself from the pressure of providing permanent posts to qualified teachers.” “Teachers who have been teaching for several years are not “experts,” and so cannot be hired on a permanent basis or even be considered for permanent interviews” (as is the case in many Delhi University departments). “However, those labelled “experts” by the BJP-RSS may be inserted into any system,” she wrote on Facebook. “A step towards dismantling higher education,” tweeted Aishe Ghosh, president of the Jawaharlal Nehru University Students’ Union. A Ph.D. is required to get into a university as a professor or associate professor, according to the UGC minimum qualifications for appointment of teachers and other academics. Source: PTI

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BJP wins four out of five states, while the AAP achieves a historic victory in Punjab.

The Bharatiya Janata Party (BJP) was victorious in four of the five states after a high-octane electoral battle. The Aam Aadmi Party (AAP) won a historic victory in Punjab, receiving the state’s largest mandate in recent years. Yogi Adityanath, the Chief Minister of Uttar Pradesh, has also written history by returning to power. Since 1985, the BJP has been the first party to retain power in the state. In Uttarakhand, Manipur, and Goa, the party is returning to power. Despite the fact that CM Pushkar Singh Dhami lost his seat, the party was able to overcome anti-incumbency. Three Independent candidates and the Maharashtrawadi Gomantak Party, which extended its support to the saffron party despite a pre-poll arrangement with the TMC, helped the BJP gain a majority in Goa. “The overwhelming majority voted against the BJP, but their votes were split among many parties, which gave the BJP the opportunity to win 20 seats,” said Congress leader P Chidambaram. Congress is in the midst of its worst crisis ever, following a resounding rejection in every state: The Congress, which ruled the country in 2004 and even nine states in 2014, today governs only two states: Rajasthan and Chhattisgarh. Many veterans, including those represented by the G-23, felt this was a case of “we told you so.” Ghulam Nabi Azad, a member of the CWC, remarked, “I am shocked, my heart is bleeding to see our defeat in state after state.”

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Imagicaaworld Entertainment is being acquired by Malpani Group in a joint venture with Aditya Birla ARC.

According to two people familiar with the development, the Malpani Group has partnered with Varda Capital-backed Aditya Birla Asset Reconstruction Company to jointly acquire the distressed loans of Manmohan Shetty’s Imagicaaworld Entertainment Ltd, in a deal that will bring lenders Rs 575 crore. After three years of negotiations, the Malpani Group has proposed to buy Imagicaaworld in an out-of-court settlement negotiated between banks and the company. The Malpani Group will receive a preferential issuance of shares worth Rs 500 crore under the proposed structure, giving it a 70 percent ownership in the distressed theme-park operator. According to the people, the Malpani Group, as the largest stakeholder, would then offer Rs 500 crore as a one-time settlement to Imagicaaworld’s lenders. Lenders would receive a 13 percent ownership stake in the company, valued at Rs 75 crore, as part of the arrangement. The Rs 575 crore settlement offer translates to a 40% recovery for the lenders. Despite a cut from lenders, Manmohan Shetty, the producer of Bollywood films, will own 5% of Imagicaaworld. Shetty currently owns 31.08 percent of the listed firm through related entities. As of March 31, 2021, Imagicaaworld, formerly Adlabs Entertainment, had a total debt of Rs 1,417 crore. As previously reported, Union Bank of India rejected promoter Shetty’s Rs 575 crore one-time settlement offer in 2019 in anticipation of larger bids. Because lenders have still to obtain board clearance and then hold a Swiss auction inviting counteroffers, the transaction is expected to finalise in the June quarter, according to one of the lenders. Under the Imagica brand, Imagicaaworld owns and runs a theme park and a water park, as well as a hotel under the Novotel Imagicaa brand. The theme park is located in Khopoli, off the Mumbai-Pune Express Highway, and spans 130 acres, including 30 acres of unutilised land and with a surplus land area of 203 acres. The lead bank, Union Bank of India, has the largest outstanding loan to the company, at Rs 429 crore, followed by Bank of Baroda at Rs 320 crore. Canara Bank, Bank of India, Central Bank of India, J&K Bank, Indian Overseas Bank, Life Insurance Corporation, and Ares SSG Capital-backed Assets Care & Reconstruction Company are among the other lenders. Source: Economic Times

Imagicaaworld Entertainment is being acquired by Malpani Group in a joint venture with Aditya Birla ARC. Read More »

Live Updates on Election Results 2022: BJP Makes History in Uttar Pradesh, Moves Ahead in Goa; AAP celebrates in Punjab

In Punjab, Arvind Kejriwal’s Aam Admi Party won by a landslide, while the BJP bucked the trend in Uttar Pradesh, where it faced a tough fight from Akhilesh Yadav’s Samajwadi Party. In Goa, Manipur, and Uttarakhand, the BJP is also leading. In Punjab, the Aam Aadmi Party has a significant lead, with close to 90 seats in the 117-seat assembly. With 13 members, the ruling Congress is in second place. As the counting of votes began the third hour on Thursday, both the Congress’s top leaders in Punjab, Chief Minister Charanjit Singh Channi and state unit boss Navjot Singh Sidhu, were trailing. Former Chief Minister Amarinder Singh loses his seat in the Patiala Urban constituency. The BJP appears to have successfully combated anti-incumbency in Uttar Pradesh, winning over 250 seats. The Congress and the Aam Aadmi Party are tied for second place. Chief Minister Yogi Adityanath of Gorakhpur and SP chief Akhilesh Yadav of Karhal were among the leaders. In the 403-member legislative assembly, 202 votes are required for a majority. The BJP has extended its lead in Uttarakhand, with the Congress trailing in the hill state, according to election trends. As per the latest trends as of 10:57 a.m., the BJP is leading in 44 seats and the Congress in 21 in the Uttarakhand assembly elections. According to the most recent trends available, the BJP was leading in 19 of Goa’s 40 Assembly seats, while the Congress was leading in 11. So far, Chief Minister Pramod Sawant has a 448-vote lead in the Sanquelim Assembly seat. In Manipur, polls reveal that the BJP is in the lead. In the Manipur elections, the BJP is leading in 24 seats, while the Congress is leading in 12.

Live Updates on Election Results 2022: BJP Makes History in Uttar Pradesh, Moves Ahead in Goa; AAP celebrates in Punjab Read More »

Professor Ram Kumar Kakani took charge as Director of IIM Raipur

Prof. Ram Kumar Kakani took over charge as Director of the Indian Institute of Management Raipur from Prof. Bharat Bhasker. During his tenure, Prof. Bharat Bhasker was influential in the growth of IIM Raipur, which ascended to 15th place in the NIRF ranking of B-schools in India. Prof. Kakani was previously the Head of the Center for Governance at IIM Kozhikode, and he was contacted by India’s premier public administration institution, LBSNAA Mussoorie, for an assessment of IAS officials’ training needs. Prof. Kakani taught at XLRI Jamshedpur and has worked as a professor in Denmark, Nigeria, Singapore, and the United Arab Emirates. Prof. Kakani has also served as the Director of the National Center for Leadership Development and Competency Assessment of the Indian government. Prof. Kakani provided the following thoughts on the future expansion and developments in management education: Enhance the quality of management education, elevating it and delivering it as a premium model, Enhance international linkages, attracting highly talented faculty of international standing and administrative colleagues to the Institute, Work closely with the Government towards strengthening its governance efficiency as well as effectiveness and also its various development as well as welfare programmes, Work closely with the Small and Medium Enterprises in Chhattisgarh towards turning them around and their reengineering; Launch new programmes on hitherto unexplored areas such as Mining Management, as Chhattisgarh is a mineral rich state and accounts for a large share in country’s mineral production. Prof. Kakani began his professional career as a corporate technocrat before transitioning to higher education, where he specialised in Finance-Performance-Strategy. With publishers such as Cambridge, Sage, Routledge, and McGraw-Hill, he has co-authored a number of works in the fields of finance and public administration. He is an active case writer and researcher.

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Citi Commercial Bank is to hire 900 individuals worldwide.

Citi Commercial Bank (CCB), which serves mid-sized businesses in more than 60 countries, has announced plans to add 900 workers over the next three years, including over 400 commercial bankers. According to a press release from the company, the commercial bank would attain growth by hiring more people in developed and major emerging markets and using existing institutional infrastructure. “Citi Commercial Bank anticipates that the financial needs of this critical client segment will evolve, requiring the sophisticated banking solutions…” says the release. As a result, the bank is substantially investing in this sector, with the majority of new hiring centred in places where commercial activity is expected to go up, such as the United States, China, Brazil, India, and Western European countries. “In today’s interconnected world, mid-sized companies quickly outgrow the capabilities of a local or even a regional bank. They are going global faster and reaching scale sooner than ever before,” comments Tasnim Ghiawadwala, Global Head, Citi Commercial Bank. The commercial bank is focusing on deepening penetration in developing, high-growth disruptor sectors by recruiting industry specialist senior bankers and improving training and development for existing bankers, in addition to entering new markets and expanding its digital capabilities. “CCB will focus on deepening client relationships through investment in our bankers and digital channels and by providing multiple client touchpoints into the rest of Citi. My priority is to unleash the power of Citi to this client set with market share gains to follow,” Ghiawadwala mentioned.    

Citi Commercial Bank is to hire 900 individuals worldwide. Read More »