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Air India Deal: Government Signs A Share Purchase Deal With Tata Sons For Rs 18000 Crore

/ Governance Community

Tata Sons have purchased Air India Airlines again to save it from its losses. The government on Monday signed a share purchase agreement worth Rs 18,000 crore with Tata Sons for the sale of the national carrier Air India. In this months timeline, the government had accepted an offer made by Talace Pvt. Ltd., a unit of the holding company of the salt-to-software conglomerate, to pay ₹2,700 crore cash and take over ₹15,300 crores of the airline’s debt. However, on October 11, 2021, a Letter of Intent (LoI) was issued to the Tata Group, confirming the government’s willingness to sell its 100% stake in the airline. Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted, “Share Purchase Agreement signed today by Government with Tata Sons for strategic disinvestment of Air India.” Based on the agreement, the sale also includes the ground handling arm of Air India– AISATS. In the bid race, Tatas beat the Spicejet promoter Ajay Singh and the reserve price of Rs 12,906 crore set by the government for the sale of its 100% stake in the loss-making carrier. This deal will be the first privatisation since 2003-04, Air India will be the third airline brand under Tatas Umbrella. The company already holds a majority interest in AirAsia India and Vistara, a joint venture with Singapore Airlines Ltd.

Air India Deal: Government Signs A Share Purchase Deal With Tata Sons For Rs 18000 Crore Read More »

BATM develops molecular diagnostics tests for the treatment of tuberculosis

/ Health & Wellness Community

BATM is a leading provider of real-time-based technologies to provide networking solutions and medical laboratory systems. It has recently been announced that it has developed a new method for rapid and comprehensive diagnosis of tuberculosis. This new technology’s testing and validation phase will be commenced in the second half of this year. The process will be funded under a program of Stop TB Partnership, an international alliance comprising various government and non-government organizations. The new method consists of one step PCR test developed by the group Adaltis subsidiary, with testing on the NATlab instrument by using the new isothermal RCA process developed by the Group Ador Diagnostics Associate company. This PCR test will diagnose if someone is infected with TB and if the test is positive. This NATlab system will be used to identify the strain of TB and its resistance to antibiotics. The process is expected to give results within two hours by testing the samples in both phases. This new process is far less than several days required in the current and commonly used test, which usually depends on incubation to check the antibody resistance once a patient is infected with TB. This new method which is being developed, is presented with the cooperation of leading universities in Italy. The testing and validation of the solution will take place at the University of Heidelberg. Source: healthtechdigital.com

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A bunch of civil servants who have extended a helping hand towards UPSC Aspirants through social media

/ Education Community

The UPSC Civil services exam of India is considered one of the toughest exams in the country and demands a lot of patience, perseverance, proper guidance, and hard work. While one can get the appropriate advice from the currently serving officers, it helps a lot in clearing the aspirant’s vision. While many civil servants have shared their study plan, notes, and tips to crack the exam in the past few years, many of these officers have also been using social media platforms to get an enormous reach. Also,few other officers have created groups and communities to extend the helping hand towards these aspirants. A joint initiative, “Being IFS,” was launched in 2019,a platform to answer all the queries related to the civil services exam and to give the right strategy. The platform provides one-to-one communication to the students. IFS officer Ankit Kumar launched this platform. The other civil servant officers gaining immense popularity on social media and sharing their knowledge and suggestions to students are IFS officer Parveen Kaswan with 320K followers on Twitter, IPS officer Lakshay Pandey, and 2015 Topper Tina Dabi as one the most followed Civil Servant officer. IAS and PCS officers are also coming ahead and extending a helping hand towards the underprivileged and remote area located aspirants. Source: theindianexpress.com

A bunch of civil servants who have extended a helping hand towards UPSC Aspirants through social media Read More »

Concerns found in the Q2 results for PVR and Inox, even after reopening of theaters

/ Media Entertainment & Art Community

Shares of multiplex giants like PVR Ltd and Inox Ltd have been under observation since the reopening of theaters in Maharashtra. At the same time, Maharashtra is one of the key income generators for these companies, with around 25 to 30 percent revenue from contribution through the Hindi Content. It is not to be denied that states such as Andhra Pradesh, Odisha, Rajasthan, and Telangana are operating at an occupancy rate of 100%. Even after a positive performance of these multiplex companies, a loss of Rupees 64 crore was noticed in the last quarter for Inox’s Ind-AS adjusted Ebitda and Rupees 110 Crore loss for PVR. Ebitda is short for earnings before interest, tax, depreciation, and amortization. However, several production houses have announced the release of their content in theaters soon, the rising competition from Over-The-Top media platforms remains a challenge. As per the analysts, a strong movie pipeline and fully operational networks shall be applied to revive the theater industry despite some restrictions. Source: livemint.com

Concerns found in the Q2 results for PVR and Inox, even after reopening of theaters Read More »

World Health Organization urges the G20 nation to come up for vaccine donation to the South

/ Health & Wellness Community

WHO called the world’s twenty wealthiest nations, holding a summit next week, to come ahead and make donations of COVID-19 vaccines doses to the global south, which is going through a vaccine lag in terms of the required number of vaccines. Tedros Adhanom Ghebreyesus said in a news briefing that the G20 countries must fulfill their dose-sharing commitments immediately. For global health financing, Gordon Brown said, “If the world’s wealthiest nations cannot mobilize for the vaccine to the impoverished countries. An epidemiological and economic dereliction of duty will shame us all”. WHO’s 40% vaccination target in all countries by mid-2022 is still short of 500 million vaccine doses, whereas almost 240 million vaccines are unused in the west. Source:Healthworld.com

World Health Organization urges the G20 nation to come up for vaccine donation to the South Read More »

Hackensack Meridian Health expands Google Health Collaboration

/ Health & Wellness Community

Hackensack Meridian Health announced this week that it would do a complete transition towards Google Workspace and Chrome OS devices, one of the first health systems taking this path. It will also be expanding its collaboration with Google Cloud to enable deployment of more Artificial Intelligence Tools clinical decision support and enhanced care delivery. This expansion in terms of workspace and Chrome OS, Chromebook, and Chromeboxes aims to better the quality of cyber security and boost provider’s productivity and users experience, said Hackensack Meridian Leaders. While Hackensack meridian health will work with Google Cloud to apply the AI-enabled lookout for specific clinical use cases, such as screening and detection. Hackensack Meridian Health recently hired its new chief information and digital engagement officer, Kash Patel. The company has been using chrome enterprise over the past year, with 3,000 Citrix-approved chrome books deployed to give its remote workforce secure access towards its core application. Source: HealthcareITNews.com

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Now students who have qualified Olympiads can directly get entry to IITs, and JEE Advanced won’t be required

/ Education Community

Now students who have qualified for the International Olympiads can get direct admission to IIT. They won’t be required to clear JEE Advanced entrance test. IIT Kanpur made this announcement, which reportedly claims to give entry to students who have participated in Internationally renowned Olympiads, who are eligible to get direct access based on their performances in the competition. It is justified that students who crack an international Olympiad go through complex preparation and selection processes. Students who will qualify for the Olympiad exam can apply directly for admission in their preferred subjects. However, the final acceptance of this new decision is yet to come from the head of departments of IIT. However, this latest entry for the admission system is introduced by IIT based on principal agreement. Hence there is no such guarantee regarding admission of these students yet. Source: News18.com

Now students who have qualified Olympiads can directly get entry to IITs, and JEE Advanced won’t be required Read More »

Reinventing HR with Technological advancement in the post-pandemic scenario.

/ Blogs, Human Resource Community

What Is HR Tech? An HR professional plays an important role in organizing and executing functions in an organization to help it achieve scalability in an overall sense. Right from recruiting, onboarding and managing talent, all HR operations, tasks and services are being automated. The process of automating all HR tasks using state-of-the-art software and tools to accomplish ordinary and everyday tasks is known as HR tech. According to statistics by Randstad, in 2016 alone, global investments in HR Tech were estimated to be around $1.96 billion. This statistic shows that the future of businesses, talent acquisition and management is through HR tech. What Is The Current State Of The HR Tech Market? The COVID-19 pandemic necessitated the use of HR tech right from small to large scale businesses as the entire workforce went online. The lingo in the market is calling us ‘Digital Citizens.’ Many organizations have given the liberty of permanent work-from-home to their employees as they have the necessary HR software in place to monitor and track the digital footprints left by them. One thing to ponder is what is the future like for HR tech in India? Based on statistics by Globenewswire, The global HR technology market is projected to grow from USD 24.04 billion in 2021 to USD 35.68 billion in 2028 at a CAGR of 5.8%. Therefore it is safe to say that the current state of the market looks ripe for HR tech start-ups, businesses and investors. The rising wave of next-gen HR tech is heavily implementing data analytics, machine learning, AI and advanced automation along with other disruptive technologies. Existing HR tech tools are also being redefined to create innovative solutions to manage talent. Leveraging HR tech will provide companies with a significant edge over their competitors. HR tech in India is taking a leap in the right direction. Maximum companies already have or are trying to acquire HR tech software and tools to optimize operations and minimize human errors. Many companies are seamlessly integrating their policies with technology to help employees in all stages of work. All forward-thinking enterprises are undergoing digital transformation to take advantage of the cloud. Hence, implementing the latest HR tech tools and software is the logical next step. Latest HR Tech Trends In 2021 The technological shift in HR tech and entire business processes is prominently visible to the entire world. The digital transformation has made a significant impact on everyday HR functions. When tasks are automated, easy and quick access to data is the biggest perk. Everything from recruitment, attendance to payroll is coordinated and maintained by HR tech tools. If you are wondering whether HR tech is efficient for important processes and services then the answer is a big YES. In the modern-day virtual and hybrid workspace tasks like remote talent management, employee wellbeing, feedback and engagement are being tracked and maintained by HR software. Let’s look at some of the latest trends in HR tech: Augmented Analytics – AI-powered tools allow easier access to data and hence, visualization becomes clearer. Using AI processes to systemize tedious tasks allows HR professionals to save time. AI for Talent Acquisition – Some special AI-powered tools and platforms fish out the ideal candidate based on employer preferences. AI for Employee Engagement – There are built-in sections in HR platforms that are powered by AI. They are specially designed to help employees communicate. They help in increasing productivity by enabling direct communication and mind mapping. Cloud-based HR – Leveraging cloud-based HR technology gives more power to the employees and allows them to measure efficiency and interaction on their own. Right from data security to learning and development, there is a multitude of benefits of using cloud computing. Virtual Reality – Many organizations are leveraging virtual reality to demonstrate and train employees in real-time from any part of the world. Even processes like onboarding, interviews and previews are happening with the support of technologies like virtual reality. [Source: peoplematters] ArdorComm Media’s HR Webinar on “Reinventing HR with Technological advancement in the post-pandemic scenario” on 29th Oct from 4 pm onwards. ArdorComm Media is a path-breaking and growing media organization that is a host to different sectors including healthcare, education, HR, government and media and entertainment. We organize events in various industries to invite thought leaders and subject-matter experts to address the latest trends, challenges and solutions to accelerate knowledge exchange and innovations. Our upcoming webinar on HR will talk about how HR-Tech is flawlessly upgrading business processes. If you want a chance to network with experts and peers to indulge in collaborations for the growth of your business, you should definitely be a part of the event. The event will be jam-packed with attendees from all over the country and speakers from notable enterprises. The key topics of discussions are: How can HR-tech help in managing workflow & informational shifts Easy data management & minimization in human errors due to modern-day HR-tech Increase in ROI by Human Capital Management solutions Increase in data visibility and superior connectivity with cloud computing If you are employers, HR leaders, managers and recruiters, you should join the event to witness the revolution in HR tech and discover the latest trends in the HR tech market. Looking forward to seeing you in the webinar!

Reinventing HR with Technological advancement in the post-pandemic scenario. Read More »

Seven HR Tech startups that have transformed the human Industry thoroughly

/ Article/Stories, Human Resource Community
Human Resorce article

Human Resource as its name, only defines itself as the business of people and the people who drive businesses. Still, this Industry appears at ease with budding technology as the new generation start as are all set to deliver a competitive edge for the employees. Here is the list of the seven startups who are driving the HR world with their technology automation: Humaans: Humaan is an (HRIS) Human Resource Information System that will help the HR team onboard, manage and grow their employees by having a faster workflow, automation and quick access to data. Credly: New York-based digital credential company helps the world speak a common language regarding people’s knowledge, skills and abilities. Many organizations are taking the help of Credly to translate individuals learning experiences into professional opportunities. Appraisal: It is a performance management system that lets the organizations move from a single annual assessment to a continuous employee discussion using a simple employee-first interface.Its uniqueness lies in its ability to fit in with its own culture and ways of doing things. Enterprise Alumni: As a startup, this firm is engaged in strengthening the employee networks of some of the world most prominent companies. Enterprise Alumni helps these companies use their vast untapped pool of people as a source of high-quality recruitment, marketing, sales and community. Currently, this startup is serving clients like; Nestle, P&G and HSBC. To date, the total investment in this business has been made toil $15 million from top venture funds. TravelTime platform: It is expected that people plan their travel not based on distance but rather based on time. This importance of time also applies to a daily commutation to work. The TravelTime Platform is an APIand Analytics tool that allows users to search for location data in minutes rather than miles. It has been proven valuable to recruitment sectors by showing the list of easily reachable jobs for candidates in terms of time but in terms of distance. Intro: Most of the time, hiring an employee is preferred through some reference. This way, Intro builds confidence on the employee side and employer side and gives an assurance of the long stability of employees in that particular job. Intro simplifies the process of companies to connect with qualified employees within their employee social and professional network. This employee referral program uses machine learning to match relevant talent with the open positions, letting employees reach out to their contacts. Personio: Personio is an HR, recruiting, and payroll platform which has digitized the HR department of 2000 SME customers to date in almost 40 countries. The innovation SaaS solution combines all the core features of HR in the digital tool, which simplifies the management of things for HR managers and business leaders, like; attendance data, absence and salaries consistently. Source: www.forbes.com

Seven HR Tech startups that have transformed the human Industry thoroughly Read More »

WhatsApp is working on a new feature to be launched shortly

/ Media Entertainment & Art Community

The Facebook-owned chat platform WhatsApp is working on a new feature to be launched shortly. Which are expected to be interesting, and a few of the best and most exciting features among them are as follows: Done and Undo buttons while editing media: A media feature that doesn’t have a roll-out date yet. WhatsApp is all set to test its undo and Done buttons while editing a particular media content on the platform. This feature will apply to the video as well as the image-based content. While editing an image or video on WhatsApp, an option to undo the work will be given if you don’t like the editing. This simple feature will speed up your process. Control bar for video in Picture: This feature will allow you to watch a video on the floating window inside the chat to carry open chatting on WhatsApp while watching the video. With redesigning this feature,WhatsApp also adds a control bar to let pause, play or close the video. Reaction Notification: WhatsApp has already been in the news for working on reactions seen on Facebook and Twitter in the messages. This feature will let you react to a message using emoji, stickers and GIFs. WhatsApp is also working on a feature that let you know when a person reacts to your statement and what kind of reaction it will be

WhatsApp is working on a new feature to be launched shortly Read More »