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<ul><li><keyword id="6997863" type="UNKNOWN" weightage="20" keywordseo="adeco-consultancy">Adeco Consultancy</keyword> conned <keyword id="6357149" type="COMPANY" weightage="20" keywordseo="hdfc-bank">HDFC Bank</keyword> by endorsing 68 unqualified employees, including one at managerial level, over the span of two years.</li><li>51 of those employees were still working in HDFC when the frauds were detected. </li><li>The matter came to light during an internal investigation by the bank when cross-checking an employee reference. </li></ul>Recruiting is never easy, but being duped into hiring unqualified or fraudulent employees is even worse. But, Adeco Consultancy, an Indian consultancy firm was able to <a href="https://www.financialexpress.com/india-news/68-including-branch-manager-used-false-documents-to-get-jobs-hdfc-bank-finds-in-internal-probe/1366466/" data-type="tilCustomLink">pull it off</a> at one of India’s top private banks, HDFC. They were able to place 68 employees in different positions at the bank over a span of two years. The catch was that a lot of these employees had their resumes puffed up by the agency through forged documents. Reports indicate that this includes falsified salary slips, forged certificates and documents, as well as non-existent references. On realisation that the bank had been conned, HDFC filed a case against <a href="https://www.financialexpress.com/india-news/68-including-branch-manager-used-false-documents-to-get-jobs-hdfc-bank-finds-in-internal-probe/1366466/">Adeco Consultancy</a>. Figuring out the rabbit hole The matter came to light in February earlier this year, when the bank was cross-checking the references listed by one of its employees, Geetanjali Bagga. She had only just joined the bank as an assistant manager in November 2017. The modus operandi was further unraveled in an internal investigation when Bagga mentioned the role of Adeco in helping her get fake documents in order to make her profile look more impressive. She admitted having to pay ₹60,000 to Amit Choudhary from the consultancy for helping her clear the exam. The bank immediately went on a checking spree to verify the documents of other employees who had come in through the same consultancy. At the end of the day, the probe unveiled that a total of 68 candidates in the bank had been misrepresented when being hired. 51 of those employees are still working at HDFC. It turns out one of their own employees, <keyword id="287885" type="PERSON" weightage="20" keywordseo="Satyendra">Satyendra</keyword> Pal, was a part of the scam helping new candidates clear HDFC's online exam. It would start as simply as the consultancy wanting to offer training and assistance which would help candidates pass HDFC’s online exam and in return, the candidates were to pay a fee between ₹25,000 to ₹150,000, as reported by <a href="https://www.timesnownews.com/business-economy/companies/article/employment-fraud-gurugram-job-consultancy-firm-tricks-hdfc-bank-using-forged-documents-here-s-how/306668">Times Now,</a> In actuality, the recruitment firm approached potential candidates in a very systematic manner by first identifying them through various job portals and then reeling them in by offering them opportunities as per the current openings of the bank. So, in the middle of ‘training and assisting’ the candidates, they were asked to pay a hefty commission for the forged documents. The FIR filed by HDFC stated that Adeco Consultancy had positioned themselves as partners of the bank to fill in vacant job openings. The firm also had 360 different domain names, similar to those of other financial institutions, which could be provided as contact details for references. The police has <a href="https://timesofindia.indiatimes.com/city/gurgaon/hdfc-bank-finds-68-used-fake-papers-for-job-one-a-branch-manager/articleshow/66422294.cms">booked</a> the firm under sections 420 (cheating), 467 (forgery), 468 (forgery for purpose of cheating), 471 (using forged document) and 120B (criminal conspiracy) of the <keyword id="75223" type="ORGANIZATION" weightage="20" keywordseo="Indian-Penal-Code">Indian Penal Code</keyword> (IPC).

Here’s how one of India's largest private banks was duped into becoming a victim of employment fraud

Technology giant <keyword id="10875" type="COMPANY" weightage="20" keywordseo="IBM">IBM</keyword> and ed-tech company Simplilearn on Wednesday announced an extension of their <keyword id="6379846" type="UNKNOWN" weightage="20" keywordseo="collaboration">collaboration</keyword> to provide curated <keyword id="9871692" type="AGENCY" weightage="20" keywordseo="Learning-Programmes">learning programmes</keyword> in Data and Artificial Intelligence (AI) for over 20,000 working professionals. The extension is aimed to curate an in-depth, industry-focused curriculum and introduce industry-focused <keyword id="472980" type="PERSON" weightage="20" keywordseo="training-programmes">training programmes</keyword> in <keyword id="771372" type="COMPANY" weightage="20" keywordseo="data-analytics">Data Analytics</keyword>, <keyword id="6357343" type="COMPANY" weightage="20" keywordseo="Data-Science">Data Science</keyword>, AI and <keyword id="294572" type="COMPANY" weightage="20" keywordseo="machine-learning">Machine Learning</keyword> (ML), Data Engineering and Business Analysis. Furthermore, learners will have access to "Ask Me Anything" mentorship sessions with IBM leaders, IBM hackathons for intensive problem-solving sessions and customised masterclass sessions to share experiences and real-time scenarios. "Through our enhanced collaboration with Simplilearn, we look forward to offering more comprehensive benefits to the learners and provide them an opportunity for career growth in the fields of AI and Data Science," Devkant Aggarwal, Leader, Growth Initiatives, Career Education, IBM ISA, said in a statement. All learning programmes integrated with IBM's course content will be delivered through Simplilearn's bootcamp-style training delivery model. "We are excited to extend our collaboration with IBM and to leverage their expertise in one of the most in-demand categories -- AI and Data Science," said Krishna Kumar, CEO - Founder of Simplilearn. "Expanding Simplilearn's alliance with IBM reinforces our mission of working with some of the most forward-thinking organizations to bring our students the most comprehensive training programmes available," Kumar added. IBM and Simplilearn began their collaboration in 2019 to introduce four master's programmes with live virtual classes and video courses for working professionals. To date, Simplilearn has helped more than 2,000,000 professionals and 2,000 companies across 150 countries to get trained, acquire certifications and reach their business and career goals. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-a72-mobile-phone-review/slidelist/81774857.cms">Samsung Galaxy A72 review – a premium mid-range phone in a crowded market</a> <a href="https://www.businessinsider.in/science/environment/news/earth-lost-more-arctic-sea-ice-than-the-area-of-rajasthan-and-madhya-pradesh-combined-in-2021/articleshow/81775537.cms">The planet lost more Arctic sea ice than the area of Rajasthan and Madhya Pradesh combined in 2021</a> <a href="https://www.businessinsider.in/tech/news/from-smartphones-to-cars-india-needs-so-many-semiconductor-chips-that-modi-may-offer-billion-dollar-cash-reward/articleshow/81777612.cms">Howzzat! A $1 billion cash reward for making semiconductor chips in India⁠ is under consideration</a> <a href="https://www.businessinsider.in/finance/banks/news/sbi-icici-hdfc-and-other-bank-customers-could-face-otp-issues-from-april-1/articleshow/81777962.cms">Bank OTP issue – SBI, ICICI, HDFC and other bank customers could face OTP issues from April 1</a>

IBM and Simplilearn to extend collaboration upskill over 20,000 professionals

<ul><li>The year 2020 pushed <keyword id="3658" type="COUNTRY" weightage="20" keywordseo="India">India</keyword> to the top position in <keyword id="3836614" type="PERSON" weightage="20" keywordseo="Mobile-game-downloads">mobile game downloads</keyword> with 7.3 billion installs.</li><li>From developing to designing games and programming, a job-seeker can craft his/her career by doing special courses available in this sector.</li><li>Here is a list of a few renowned colleges and institutions across India from where you can pursue <keyword id="8421297" type="UNKNOWN" weightage="20" keywordseo="gaming-courses">gaming courses</keyword>.</li><li>From animators to artists to producers — These are some of the career options for students who seek to build a career in the <keyword id="739806" type="PERSON" weightage="20" keywordseo="Gaming-industry">gaming industry</keyword>.</li></ul>According to the <keyword id="69007" type="ORGANIZATION" weightage="20" keywordseo="World-Economic-Forum">World Economic Forum</keyword> (WEF), India's soaring gaming industry was valued at $930 million, last year. As per the data revealed by WEF, the year 2020 pushed India to the top position in mobile game downloads with 7.3 billion installs. As India’s gaming sector gained momentum, youngsters have spotted it as a serious career choice too. From developing to designing games and programming, a job-seeker can craft his/her career by doing special courses available in this sector. These are some of the renowned colleges and institutions across India from where you can pursue gaming courses — <ul><li>Bharati Vidyapeeth Deemed University — Pune The college offers Bachelor of Science (BSc) in animation and gaming. This course covers both the production and animation aspects. One can directly enter the industry after completing this course of three years. The fees for the course is close to ₹1,00,000 per year.</li></ul><ul><li>Maya Academy of Advanced Cinematics (MAAC) — Mumbai The institute offers a variety of short term diploma and certification courses in visual effects (VFX), gaming, multimedia, design and many more. The courses will cover all key aspects of gaming. The fees can range from ₹62,000 to ₹1,08,000 depending on the course.</li></ul><ul><li>Arena Animation The institute, which is located at various locations across the country, offers various short term diploma courses in gaming which covers all aspects of game design and development. The fee structure for gaming courses can vary between ₹50,000 to ₹4,00,000 depending upon the course.</li></ul><ul><li>Zee Institute of Creative Arts — Bengaluru The academy provides various 6-12 months professional courses in game designing and development. The fee structure could vary between ₹45,000 to ₹1,10,000 depending on the course and duration.</li></ul><ul><li>ICAT Design and Media college The college, spread across cities, offers a wide range of courses — bachelor’s, master’s and professional programmes in designing, developing, programming, visual effects and many more. The fees structure can vary from ₹30,000 to ₹1,00,000 depending upon the course.</li></ul> These are some career options for students who seek to build a career in the gaming industry, according to Leverage Edu, an online career counselling and study abroad platform — 1. Game Animators Game animators are professional multimedia artists who specialise in <keyword id="25195" type="PERSON" weightage="20" keywordseo="video-games">video games</keyword>. The role of a game animator is to create interactive animated images using technology and art. According to Glassdoor, a game animator’s average salary is ₹18,000 per month. 2.Game Artists Game artists create 2D and 3D visual art of visual elements in a video game. They play a major role in making the storyboard a reality by giving expressions to the characters and backgrounds. A game artist can earn an average salary of ₹45,000 per month, according to Glassdoor. 3.Game Producers Game producers are basically owners of the project. The producers are responsible for coordinating with the designers, lead artists, lead programmers to work out characters and scenarios in the game. The average monthly salary of a game producer can be ₹51,000, according to Glassdoor. 4. Game Writers Game writing is an art of writing scripts and narratives for video games. The writer develops the plot and dialogues, and also works to design a storyline for the game. The average salary of game writers in India is ₹3,00,000 per annum, says Glassdoor. 5. Game Testers A tester sits for hours testing new games and locating bugs and flaws before the game is introduced in the market for customers. According to Linkedin, the average salary of a game tester is ₹16,000 per month. 6. Audio Engineers Audio engineers are responsible for adding realism to the video games with exotic sounds. Every game has its own unique sounds and music and the audio engineer needs to make it attractive for the customers. An audio engineer can earn nearly ₹6,00,000 per annum in India, according to Glassdoor. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/banking-jobs-hdfc-axis-icici-and-other-banks-are-hiring-across-the-country/articleshow/84666214.cms">Banking jobs: HDFC Bank, Axis Bank, ICICI Bank and more are hiring across the country for various roles</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/education/news/these-are-some-of-the-universities-that-offer-free-education-for-international-students/slidelist/84463712.cms">Planning to study abroad? These are some of the universities that offer a free education for international student</a>

Gaming industry: Build your career in one of the fastest growing sectors in India

<ul><li>The market for hacking, which is also a part of cyber security, is expected to create 3.5 million jobs globally by 2025, <a href="https://www.thehindu.com/education/a-look-at-the-opportunities-offered-by-ethical-hacking/article33502004.ece">according</a> to a report by Cybersecurity Ventures cited by the New York Times.</li><li>Tons of opportunities are now open for freshers, as well as professionals, as the demand is up significantly.</li><li>Career options you can go for after doing a professional course in Ethical hacking, according to UpGrad.</li></ul>An ethical hacker working in a private firm can expect to earn around ₹6,00,000 per annum. Whereas, a freelancer can expect to earn around ₹60,000 per month, according to <a href="https://www.glassdoor.co.in/Salaries/ethical-hackers-salary-SRCH_KO0,15.htm">Glassdoor.</a> The word hacking implies breaking into the system and database. An ethical hacker tests the level of security in any system by trying to break into it with the permission of the owner. Hacking, which is also a part of cyber security, the market in India is expected to grow from $4.3 billion in 2019 to $7.6 billion in 2022, <a href="https://www.thehindu.com/education/a-look-at-the-opportunities-offered-by-ethical-hacking/article33502004.ece">according</a> to the Data Security Council of India. The market for hacking, which is also a part of cyber security, is expected to create 3.5 million jobs globally by 2025, <a href="https://www.thehindu.com/education/a-look-at-the-opportunities-offered-by-ethical-hacking/article33502004.ece">according</a> to a report by Cybersecurity Ventures cited by the New York Times. Tons of opportunities are now open for freshers, as well as professionals, as the demand is up significantly. If you are looking for online courses that could help you get these, <a href="https://www.businessinsider.in/careers/news/top-online-courses-for-ethical-hacking-jobs-in-cyber-security/slidelist/84966456.cms">here’s a recently compiled list</a>. These are career options you can go for after doing a professional course in Ethical hacking, according to UpGrad — 1. Government / Private Firms/ Freelancer Government as well as private organisations constantly search for ethical hackers who can help them in protecting their organisation from cyber attacks and threats. An individual can also work as a freelancer for any company in this field. The key responsibility of a hacker is to identify the vulnerabilities and fix them. <a href="https://www.monsterindia.com/job/ethical-hacking-specialist-vodafone-india-3751283?searchId=125dd01c-fe19-45fe-89e9-5966b56cb024">Vodafone</a>, <a href="https://careers.wipro.com/careers-home/jobs/2559846?lang=en-us&amp;utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">Wipro</a>, <a href="https://jobs.smartrecruiters.com/Visa/743999763989444-cyber-security-engineer?trid=2d92f286-613b-4daf-9dfa-6340ffbecf73&amp;source=Linkedin">Visa</a>, <a href="https://jobs.dell.com/job/karnataka/senior-information-security-analyst-information-security-analyst/375/19462220?utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">Dell</a> are hiring ethical hackers and cyber security specialists. 2. Network Security Engineers A network security engineer is responsible for handling the maintenance and integration of the corporate Wide Area Network, Local Area Network and others as well. They also look after the implementation and administration of network security hardware and software. <a href="https://jobs.intel.com/ShowJob/Id/2949781/Information-Security-Engineer/?utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">Intel</a>, <a href="https://careers.microsoft.com/professionals/us/en/job/953849/Senior-Security-Engineer?utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">Microsoft</a>, <a href="https://jobs.apple.com/en-in/details/200232164/sap-cybersecurity-engineer">Apple</a>, <a href="https://jobs.ericsson.com/job/Noida-Infrastructure-Security-Engineer-UP/728407802/?utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">Ericsson</a>, <a href="https://in.linkedin.com/jobs/view/network-security-engineer-at-wipro-technologies-2661211545?refId=Vr98lx050zhp9%2BLY9mzTZg%3D%3D&amp;trackingId=gLYjT/U2DUZHwz0yXabuMQ%3D%3D&amp;utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">Wipro</a> are hiring Network Security Engineers. 3. Security Consultant The key responsibility of a security consultant is to evaluate the existing IT systems and infrastructures and develop and implement IT security solutions to prevent any data loss, unauthorized access. <a href="https://careers.microsoft.com/us/en/job/1019076/Consultant-Cybersecurity-Forensic-Analyst?jobsource=linkedin&amp;utm_source=linkedin&amp;utm_medium=linkedin&amp;utm_campaign=linkedin-feed">Microsoft</a>, <a href="https://careers.ibm.com/job/13454921/security-consultant-identity-access-management-bangalore-in/?codes=IBM_CareerWebSite">IBM</a>, <a href="https://careers.hpe.com/job/Hewlett-Packard-Enterprise-Bangalore-Karnataka/155279683?utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">Hewlett Packard (HP)</a>, <a href="https://www.accenture.com/in-en/careers/jobdetails?id=359784_india_1&amp;utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">Accenture</a> are hiring Security Consultants. 4. Penetration Tester A penetration tester breaks into the system and finds possible exploits in computer systems and software. They are also responsible to plan and design penetrative tests and advise management on security improvements. <a href="https://razorpay.recruiterbox.com/jobs/fk03os7/">Razorpay</a>, <a href="https://jobs.thomsonreuters.com/job/12379295/lead-penetration-tester-bangalore-in/">Reuters</a>, <a href="https://careers.ibm.com/job/12649440/lead-penetration-tester-ethical-hacker-bangalore-in/?codes=SN_LinkedIn&amp;Codes=SN_LinkedIn">IBM</a>, <a href="https://careers.wipro.com/careers-home/jobs/2677635?lang=en-us&amp;utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">Wipro</a> are hiring Penetration Testers. 5.Network Security Administrator The network security administrator is responsible for writing network security policies and performs frequent audits to ensure that the policies are correctly implemented. <a href="https://in.linkedin.com/jobs/view/network-security-admin-l2-at-tata-consultancy-services-2633748967?utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">Tata Consultancy Services</a>, <a href="https://careers.ibm.com/job/12994114/network-admin-gurgaon-in/?codes=IBM_CareerWebSite">IBM</a>, <a href="https://career.infosys.com/jobdesc?jobReferenceCode=INFSYS-External-103808-2&amp;sourceId=4003">Infosys</a>, <a href="https://in.linkedin.com/jobs/view/network-security-engineer-at-oracle-india-pvt-ltd-2665876025?refId=ZjmaC75ki2rnXGFg3E5DLg%3D%3D&amp;trackingId=//ojEYwGpYEyPQeXbsqMeQ%3D%3D&amp;utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">Oracle</a> are hiring Network Security Administrators SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/banking-jobs-hdfc-axis-icici-and-other-banks-are-hiring-across-the-country/articleshow/84666214.cms">Banking jobs: HDFC Bank, Axis Bank, ICICI Bank and more are hiring across the country for various roles</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/google-amazon-ibm-paytm-cognizant-hiring-business-analysts-across-the-country/articleshow/84847736.cms">Google, Amazon, IBM and many more are hiring business analysts across the country</a>

Cyber security jobs: Big companies like Apple, Microsoft, Intel, TCS are hiring professionals

<ul><li>With over 75 companies visiting the campus, the <keyword id="63618" type="ORGANIZATION" weightage="20" keywordseo="Indian-Institute-of-Management">Indian Institute of Management</keyword> (IIM) Visakhapatnam clocked in 100% placements for the fourth consecutive year. </li><li>Almost half of the cohort secured salary packages above ₹15 lakh per annum. </li><li>The average salary for the batch stood at ₹13.08 lakh while the highest package went up to ₹27 lakh this year. </li><li>Over a third of the offers came from the Information Technology domain, followed by BFSI (Banking, Financial Services and Insurance).</li></ul>With over 75 companies visiting the campus, the Indian Institute of Management (IIM) Visakhapatnam clocked in 100% placements for its PGP (MBA) programme for the fourth consecutive year. Half of the cohort secured salaries above ₹15 lakh per annum. “IIM-V completed its final placements with a perfect century, yet again, for the graduating batch of its flagship PGP (MBA) program beating the seasonal headwinds and building on the successful record of the past,” M. Chandrasekhar, Director at IIM-V<a href="https://timesofindia.indiatimes.com/city/visakhapatnam/for-fourth-straight-year-iim-v-records-100-placements/articleshow/74799313.cms"> told </a>the Times of India.. The average salary for the batch stood at ₹13.08 lakh while the highest package went up to ₹27 lakh this year. The institute had offers from Amazon, HDFC Bank, ICICI Lombard, BrowserStack, Delhivery and more. Unlike most IIMs, IIM Visakhapatnam secured over a third of the offers from the Information Technology domain, followed by banking and finance. Other sectors that rolled out offers at IIM-V include education technology, infrastructure and manufacturing (18%), logistics and automobile (9%), FMCG and luxury goods (4%). If we further break up, <a href="https://www.thehindu.com/news/national/andhra-pradesh/iim-v-does-well-on-placements-gets-average-package-of-1308-lakh/article31157510.ece">34% offers came from</a> operations, finance and consulting roles. This is highly in contrast with the sector-wise offers at other top management institutes. Xavier School of Management (XLRI), IIM Calcutta and Ahmedabad campuses secured the maximum number of offers from consulting companies this placement season. At <a href="https://www.businessinsider.in/careers/news/one-in-four-job-offers-at-iim-calcutta-pays-over-41-8-lakh-per-annum/articleshow/74097276.cms">IIM Calcutta</a>, over 30% of the offers came from consulting majors including Boston Consulting Group (BCG) and McKinsey &amp; Co — which also rolled out 50 offers at IIM Ahmedabad. On the other hand, XLRI also attracted the highest number of offers from the consulting domain at 26%, this year. Global multinationals KPMG and PwC were the top most recruiters. “In the prevailing tough business environment and difficult times, where slowdown is widely anticipated and is being experienced, our students bucked the trend and achieved 100% results, a loud and clear manifestation of our recruiters’ continuing faith, trust and confidence in us,” said Deepika Gupta, chairperson of career development services at IIM-V. See also: <a href="https://www.businessinsider.in/careers/news/these-are-the-starting-salaries-offered-to-b-school-students-in-india/articleshow/74168696.cms">These are the starting salaries offered to B-school students in India</a> <a href="https://www.businessinsider.in/careers/news/one-in-four-job-offers-at-iim-calcutta-pays-over-41-8-lakh-per-annum/articleshow/74097276.cms">One in four job offers at IIM Calcutta pays over ₹41.8 lakh per annum</a> <a href="https://www.businessinsider.in/indias-best-minds-from-iim-ahmedabad-xlri-mdi-gurgaon-are-heading-to-consulting-firms/articleshow/74055916.cms">India’s best minds from IIM Ahmedabad, XLRI are heading to consulting firms</a>

IIM Visakhapatnam places all its students at an average salary of ₹13 lakh; highest package stood at ₹27 lakh

<ul><li>In recent years, HR management has gained prominence across all industries.</li><li>According to Naukri Jobs Speak, hiring of HR or Administration professionals was significantly high by 31% in the month of June, 2021 as compared to June, 2020.</li><li>Business Insider brings you various job openings in marquee companies for HR roles across the country.</li><li>Check out the latest news and updates on <a href="https://www.businessinsider.in/">Business Insider</a>.</li></ul>When it comes to handling employees and taking care of their interests, human resource (HR) professionals are indispensable. In recent years, HR management has gained prominence across all industries. According to Naukri Jobs Speak, hiring of HR or Administration professionals was significantly high by 31% in the month of June, 2021 as compared to June, 2020. Business Insider brings you various job openings in marquee companies for HR roles across the country. 1. Tata Communications Indian telecom company is looking out for a Human Resources professional in its New Delhi office. Eligibility — Post Graduation or Specialization in HR with 4-7 years of relevant experience Key responsibilities — Drive the execution of plans, policies related to recruitment, steer operational activities related to employee engagement and issues. Interested candidates can apply <a href="https://jobs.tatacommunications.com/job/New-Delhi-Manager-Human-Resources-23001/761361000/?utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">here</a>. 2.Accenture The multinational consulting company is recruiting Human Resources Associate for the Noida office. Eligibility — 0-1 year of experience with graduation in any discipline. Freshers can also apply. Key responsibilities — The chosen candidate will work closely with the HR team to support the lateral recruitment of the company.The candidate will also be responsible to deliver talent across the regions with the help of the team. Interested freshers can apply <a href="https://www.accenture.com/in-en/careers/jobdetails?id=91453_india_2&amp;utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">here</a>. 3. Vistara Airlines The TATA owned Airlines are looking out for a Human Resources Executive for their Gurgaon office. Eligibility — 2-4 years of relevant experience with graduation from a recognized university. HR and Payroll experience is mandatory. Key responsibilities — Handle HR related tractions like onboarding or exit formalities, HRM data entry. Coordinate with the employees and team regarding queries, tasks and so on. Candidates who are interested can apply <a href="https://careers.airvistara.com/job/Executive-Human-Resources/4054944/?utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">here</a>. 4. Amazon E-commerce giant is hiring Senior Human Resources Partner in their Gurgaon office. Eligibility — Applicants must have 8-14 years of relevant experience in Human Resources Business Partners (HRBP) domain with MBA or Master’s degree in HR/ Social Work from B school. Key responsibilities — Identify trends and recommend solutions for better performance, retention and employee experience. Implement corporate policies/ procedures. Interested candidates may apply <a href="https://in.linkedin.com/jobs/view/sr-hr-business-partner-at-amazon-2473921253?utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">here</a>. 5. Wipro The Indian multinational corporation is hiring Human Resources Executive (HRE) for the Gurgaon office and Senior Executive Recruiter (SER) for the Kolkata office. Eligibility for HRE for Gurgaon office — 0-1 year experience in the relevant field. Freshers can also apply. Key responsibilities for HRE — Create solutions for deliverables and communication channels. Interested candidates for HRE role can apply <a href="https://careers.wipro.com/careers-home/jobs/2594454?lang=en-us&amp;previousLocale=en-US">here</a>. Eligibility for SER for Kolkata office — MBA/ Post Graduation/ Graduation in Human Resources Key responsibilities for SER — Manage the team effectively, meet the set targets as per recruitment plan, develop strategy plan for recruiting. Interested candidates interested in the SER role can apply <a href="https://careers.wipro.com/careers-home/jobs/2684479?lang=en-us&amp;previousLocale=en-US">here</a>. 6.Boston Consulting Group American management consulting firm is recruiting a Human Resources Associate in New Delhi. Eligibility — 4-6 years of experience as an HR in service industry with Post Graduation/ MBA in HR from Tier 1 or Tier 2 college/ institute. Key responsibilities — Maintain and update CDC database, plan, implement the bi-annual career for PPL Cohort. Interested candidates can apply <a href="https://sjobs.brassring.com/TGnewUI/Search/home/HomeWithPreLoad?PageType=JobDetails&amp;partnerid=25811&amp;siteid=5185&amp;jobid=631456#jobDetails=631456_5185">here</a>. 7. Max Life Insurance Company The life insurance company of India is calling out Chief Human Resource Manager in Gurugram. Eligibility — Experience and knowledge about various HR and Talent management processes, worked on at least three implementations or in one support project. Key responsibilities — Train the team and mentor the associates, finalizing and implementing HR processes for the project. Candidates who are interested can apply on this <a href="https://in.linkedin.com/jobs/view/chief-manager-human-resource-sap-at-max-life-insurance-company-limited-2672601873?utm_campaign=google_jobs_apply&amp;utm_source=google_jobs_apply&amp;utm_medium=organic">link</a>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/banking-jobs-hdfc-axis-icici-and-other-banks-are-hiring-across-the-country/articleshow/84666214.cms">Banking jobs: HDFC Bank, Axis Bank, ICICI Bank and more are hiring across the country for various roles</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/education/news/these-are-some-of-the-universities-that-offer-free-education-for-international-students/slidelist/84463712.cms">Planning to study abroad? These are some of the universities that offer a free education for international students</a>

Tata, Vistara, Wipro and many more are hiring for HR roles

Mumbai, Apr 26 () When the COVID-19 pandemic came ashore and moves like lockdowns were being deliberated upon, the USD 180-billion IT sector faced a huge challenge for business continuity. More than a month into it, industry executives feel it has been a blessing in disguise and will lead to a larger number of people to work from home in the post coronavirus world. They attribute the emerging scenario to cost and productivity gains out of WFH (Work From Home) and it is not just the IT sector which is reaping the benefits. Companies across the services sectors, including banks, are set to have fewer people work from the offices in the future. India was put under a three-week lockdown from March 25, which was extended by 19 more days till May 3, to arrest the spread of coronavirus infections. As the promised date nears, there is an increasing possibility that the lockdown will be extended in many pockets, which have turned into hotspots. At present, many employees travel long distances to workplaces in cities plagued with traffic issues and high air pollution. Largest software exporter TCS's Chief Executive and Managing Director Rajesh Gopinathan explained that over the decades, IT companies' model was based on employees trooping-in to cubicles often in specially erected or hired campuses for work, but the lockdown resulted in a quick shift to the WFH model. Keshav Murugesh, Chief Executive of business process management player WNS and former Chairman of IT industry lobby grouping Nasscom, said the association responded to the challenge by helping its members transport over 25 lakh desktops from offices to associates' residences within a fortnight, which ensured work can continue. Once they started working from home, companies are seeing gains on costs as well as efficiencies, and now, business leaders are certain that fewer people will be manning the cubicles spread across campuses. "WFH is working extremely well. With the kind of efficiencies that we have started delivering on WFH, there will be a significant impact in the longer term," Murugesh told , stating that in the future, a higher percentage of people will be working from home than pre-COVID days. Such a shift will be a blessing for women who are not able to continue with their careers because of family commitments, as they can continue devoting some time for work, Murugesh said, pegging the total number of such possible beneficiaries in millions. In a recent interaction, TCS's Chief Operating Officer N Ganapathy Subramaniam said the company is expecting to have only 25 per cent of its staff work from offices by 2025, though it was not clear when the company decided on the target. "We are seeing that our team is able to handle the transaction volumes. At the same time, we are seeing that the productivity, the velocity, the throughput of work has significantly increased. I do not believe that the gains will be lost. There will be a lot more to gain in this new model," he said. "… we don't believe that we need to have more than 25 per cent of our workforce at our facilities in order to make all the 100 per cent productive. That is one great realisation. We don't believe that every employee needs to be present all the time in our offices," Subramaniam added. The company has ensured that 90 per cent of its 3.55 lakh people working in India have been able to work from home in a secure manner. Veteran banker Aditya Puri, who has led HDFC Bank since its inception to be the largest by assets among the private sector ones, also seemed to agree with the IT industry. "Everybody who could work from home is already working from home. In fact, we are now examining whether even after coronavirus why these people should not work from home because it gives ample cost saving to us and (WFH) is a good benefit to the employee," Puri said on a conference call late last month. However, the industry's wishes cannot easily get transformed into practice, Murugesh said, pointing to the BPM (Business Process Management) industry's peculiar demands if a large portion of staff were to work from home. At present, he said the Department of Telecom and the Commerce Ministry have granted a limited period approval for carrying out WFH, and the same relaxations will have to be continued as well. Explaining the same, he said associates need specialised telephone lines to stay connected while most of the companies work out of campuses which are demarcated as Special Economic Zones, and enjoy taxation sops and other advantages because work happens from a specific area. AA RAMRAM

COVID-19 impact: More staff in services sector cos to work from home in future as well

<ul><li><keyword id="472014" type="General" weightage="20" keywordseo="green-jobs" source="Orion">Green jobs</keyword> or jobs in the ESG space, can be found in a wide range of industries, from renewable energy, and clean technology, to sustainable agriculture, and waste management. </li><li>March 2023 saw approximately 19,379 active job postings for ESG roles. </li><li>December 2022, and January 2023 saw the highest number of such jobs closed in India. </li><li>Organizations are looking for applicants with qualifications in energy, social environment, sustainable business management and environmental studies. </li></ul>The Future of Jobs Report 2023, by the World Economic Forum, did strike a warning note saying that 26 million jobs will be wiped out globally by 2027. However, a macrotrend listed in the report deserves attention. According to the report, businesses expect that the greatest net job creation impact will come from investments that support the green transformation of businesses, the wider adoption of ESG standards, and the localization of supply chains. While this is a broader trend that will change the future job landscape as much as AI will, now is perhaps the best time ever to build a career in ESG. “ESG as an industry or segment is growing and in India while we are late at it, I think in India the main reason for ESG growth is largely because you now have the government initiatives and the target of being net zero by 2070,” says says Munira Loliwala, business head, TeamLease Digital, a tech staffing solutions firm. Growth in <keyword id="14096025" type="General" weightage="20" keywordseo="esg-jobs" source="Orion">ESG jobs</keyword> ESG jobs are employment opportunities centered around Environmental, Social, and Governance (ESG) factors. These roles involve responsibilities related to sustainable business practices, impact investing, corporate social responsibility, environmental preservation, social justice, diversity and inclusion, ethical governance, and related areas. According to TeamLease Digital, between 2021 and 2022, <keyword id="17432479" type="General" weightage="20" keywordseo="esg-hiring" source="Orion">ESG hiring</keyword> and new demands grew almost by more than 147%, as compared to 2020-2021, wherein the post Covid year marked almost 85% of growth in hiring by organizations in India. March 2023 saw approximately 19,379 of active job postings for ESG roles, while December 2022, and January 2023 saw the highest number of jobs closed. The average number of ESG jobs posted stood at 12,400 between December 2022, and March 2023, while the average number of closed positions were 14,136. The average number of active ESG related jobs were 24,000. Organizations embracing ESG “ESG plays an important role if India has to attract global investments. ESG increases the chances of investments or chances of the acquisitions that most of the Indian companies today are looking at,” says Loliwala. Both big and small corporations in India have embraced ESG. Reliance Industries, for example, has integrated ESG into their business models. Led by their chief financial officer, their ESG team is a multi-disciplinary group responsible for all of Reliance’s environmental sustainability, stakeholder engagement and regulatory compliance activities. In order to enhance their commitment to ESG principles, HDFC Bank has formed an ESG committee. This committee consists of senior members from key departments within the bank and is chaired by a member of the senior management team. The ESG committee is responsible for developing and implementing the bank's ESG strategy, as well as establishing a roadmap to achieve the set targets. They report to the Corporate Social Responsibility (CSR) committee of the Board of Directors, providing updates on the bank's ESG strategy and progress. kindlife, a beauty and wellness platform which launched in 2020, has a strong ESG focus. “Our ESG goals are only achievable with a strong team who works tirelessly to bring our vision to life. We work closely with internationally renowned advisors armed with over 20 years of experience. We’ve worked closely with the World Bank and government bodies in the sustainability and clean energy space,” says Radhika Ghai, founder and CEO, kindlife. They have a team of two consultants who are guiding them with assessing their impact across various parameters and projects. They are also gearing towards their next critical goal of 100% carbon neutrality and a sustainable score for brands and products for which they are working closely with Sishir Garemella, a clean energy and climate technology expert. Talent in demand ESG jobs do not necessarily require skills in the sustainability domain. “Green jobs or jobs in the ESG space, can be found in a wide range of industries, from renewable energy and clean technology to sustainable agriculture and waste management. There are three categories of green jobs based on their degree of dependence on green skills,” says Manu Saigal, director, general staffing, Adecco India. Jobs that require green skills: These are jobs that cannot be performed without specialized knowledge of environmental sustainability. Examples include renewable energy technicians, environmental engineers, and sustainability consultants. Jobs with significant potential to create and hone green skills: “These are jobs that are not necessarily focused on environmental sustainability but have the potential to develop green skills,” says Saigal. Examples include architects and construction workers who build energy-efficient buildings and farmers who use sustainable agriculture practices. Jobs that do not require green skills: “These are jobs that are not specifically related to environmental sustainability but may contribute to sustainability indirectly,” says Saigal. Examples include accountants who work for green businesses and marketing professionals who promote environmentally friendly products. The crucial aspect of ESG is now focused on proper data analysis, collection, reporting, investigation, and filing. The typical structure involves using various frameworks to collect and analyze data, which requires hiring individuals at entry-level and mid-level positions with backgrounds in computer science, mathematics, or engineering. ESG data is considered a type of alternative data that can be utilized in the analysis of companies. As a result, investors and hedge funds are utilizing it to identify investment opportunities with lower risk by assessing a company's favourable environmental and ethical factors. Organizations are also looking to appoint applicants who have qualifications in energy, social environment, sustainable business management and environmental studies, wind and solar energies. And one important subject could also be economics and law. A lot of certification courses are available in this space today. There are courses on sustainability accounting, reporting and sustainable investing. <keyword id="17432478" type="General" weightage="20" keywordseo="esg-job-roles" source="Orion">ESG job roles</keyword> Below are some of the most common ESG job roles, responsibilities and expected salaries. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Job role </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Responsibilities </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Educational requirement </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Average starting salary (₹ lakh/annum) </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">ESG Analyst </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Responsible for evaluating the ESG performance of companies and making investment decisions </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bachelor's or master's degree in finance, economics, environmental science, or a related field </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">6-12 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Sustainability Manager </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Develop and implement sustainable business practices, manage environmental impact, and ensure compliance with ESG standards </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bachelor's or master's degree in environmental science, engineering, sustainability, or a related field. </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">7-18 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">CSR Manager </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Responsible for developing and implementing CSR strategies, managing community engagement, and ensuring compliance with ESG standards </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Master's degree in business administration, sustainability, social work, or a related field. </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">7-15 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">ESG Consultant </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Provide advisory services to companies on ESG issues, including strategy development, risk assessment, and performance evaluation. </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bachelor's or master's degree in business administration, finance, environmental science, or a related field </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">5-18 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Green Building Consultant </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Provide guidance and support for the design and construction of sustainable buildings, ensuring compliance with ESG standards </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bachelor's or master's degree in architecture, engineering, sustainability, or a related field </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">4-10 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;"> </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Responsible for developing and implementing agricultural practices that optimize crop yields and ensure sustainable farming </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bachelor's or master's degree in agronomy, agriculture, soil science, or a related field. </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">4-10 </td></tr><tr><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Precision Agriculture Specialist </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Use technology to optimize crop production by analyzing data on soil, weather, and plant health. </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bachelor's or master's degree in agriculture, agronomy, or a related field, along with expertise in data analysis and precision agriculture technology </td><td style="border-left:solid #000000 0.75pt;border-right:solid #000000 0.75pt;border-bottom:solid #000000 0.75pt;border-top:solid #000000 0.75pt;vertical-align:top;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">5-12 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> Source: Adecco India The rise of ESG jobs signifies a shift in the business landscape towards sustainability and responsible practices. As companies increasingly prioritize environmental, social, and governance factors, the demand for ESG professionals has surged, offering promising career opportunities for individuals committed to creating positive impact and driving long-term value.

Green jobs: A career option that actually impacts lives & the environment

<ul><li>Both Sensex and <keyword id="6354813" type="UNKNOWN" weightage="20" keywordseo="Nifty">Nifty</keyword> declined nearly a percent and half as Finance Minister Nirmala Sitharaman read her budget speech.</li><li>Markets were hoping for a big stimulus from the government to revive the economic growth which has hit a six and a half year low. </li><li>Changes to income tax slabs, passing of the tax on corporate dividends, liberalisation of education sector, the IPO of LIC, extended tax holiday for affordable housing were among the big proposals.</li></ul>India's <keyword id="35199" type="PERSON" weightage="20" keywordseo="stock-markets">stock markets</keyword> were unusually open on a Saturday, in anticipation of an 'economic stimulus', but as Finance Minister Nirmala Sitharaman went through with her speech, both Sensex , down nearly 700 points, and Nifty that was down about 220 points at 2:30 pm. Changes to income tax slabs, passing of the tax on corporate dividends, liberalisation of education sector, extended tax holiday for affordable housing, and the initial public offering of Life Insurance Corporation (LIC) were among the big proposals. However, the stock market did not seem very excited with the minister's proposals. "Investors stayed away from taking fresh positions ahead of the big event. Focus will turn to the Union Budget as all eyes will be on how Centre is going to bring growth as any increase in spending would result in widening of fiscal deficit. Global economy is also on the edge with slow growth fears significantly high after the outbreak of the virus," Vinod Nair, head of research at Geojit Financial Services told IANS earlier in the day. Insurance stocks like HDFC Life, ICICI Prudential, and SBI Life took a heavy beating, down anywhere between 5% and 8%, after the budget proposed the listing of LIC ⁠— the country's largest insurance giant with a corpus of ₹31 lakh crore⁠— that is likely to corner a lot of interest from investors. Technology stocks were propped up as the early part of Sitharaman's speech gave a lot of thrust to leveraging technology in a whole host of sectors from health and education to quantum computing and gene mapping. Even stocks like HUL, Asian Paints, and Bajaj Finance, which started the day on buoyant note hoping for sharp cuts in income tax and a boost for consumption including housing, gave up the early gains as the tax cuts proposed by the budget can be availed only if the taxpayer gives up on exemptions. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Income </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Previous Tax Rate </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">New Tax Rate </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Up to ₹2.5 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nil </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nil </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2.5 lakh to ₹5 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nil </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5 lakh to ₹7.5 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">20% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹7.5 lakh to ₹10 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">20% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹10 lakh to ₹12.5 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">20% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹12.5 lakh to ₹15 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">25% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Abover ₹15 lakh </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30% </td></tr></tbody></table> While Sitharaman said that a person earning up to ₹15 lakh a year can save up to ₹78,000 a year in taxes, if they give up on exemptions. These are some of the big highlights that are relevant to the share market: Cost to the exchequer ₹40,000 crore; Removed 70 tax exemptions and deductions. These new rates are available to those who forego exemptions, deductions, and rebates. Dividend distribution tax will be abolished, it will be taxable in the hands of the recipient. Cost to exchequer: ₹25,000 crore. ""The decision to remove dividend distribution tax was much-needed as it was resulting in triple taxation of corporate earnings. The shift to a simplified scheme of personal income tax is another welcome move as it removes distortionary influences in the individual’s savings choices even though the actual tax savings may not be significant for those who were availing deductions and exemptions," VP Nandakumar, MD &amp; CEO of Manappuram Finance Limited said. However, the stock of the company fell over 3.2% in trade. Shares of IDBI Bank surged as much as 17% after the Finance Minister said that the government will sell its remaining 47% stake (as of December 2019) in the bank. LIC owns 51% stake in IDBI Bank, the unlocking of value will make the insurance giant's IPO even more valuable. Zeal Aqua (up 14.4%), Waterbase (up 5.58%), Apex Frozen (up 4.55%), Avanti Feeds (up 2.93%) and Coastal Corporation (up 2.66%) gained due to a dedicated push for the fishing industry. Sitharaman said that the fish production will be increased 200 lakh tonnes a year and set a target of ₹1 lakh crore in fish exports. The education sector has been allowed to borrow money from abroad as well as to invite foreign students via a new entrance examination called the INDSAT. Shares of Navneet Education (up 2.33%), Zee Learn (up 2.19%), Career Point (up 1.98%) and MT Educare (up 1.97%), gained in trade. The speech discouraged the use of chemical fertilisers, and promote organic farming, dragging down stocks like Rashtriya Chemical Fertilisers. The ₹2.83 lakh crore allocation for agriculture, irrigation, and rural development did little to stokes of a revival in rural demand. Dividend distribution tax will be taxable in the hands of the recipient and not the company. This will cost 25,000 crore to the exchequer. Dividend and capital gains made by foreign funds on investment in infrastructure space will tax free. The budget also proposed to set up a 100 new airports in the next five years but stocks of airport construction majors like GMR Infra and GVK were down nearly 5% in afternoon trade. SEE ALSO: <a href="https://www.businessinsider.in/personal-finance/news/new-income-tax-slab-tax-savings-for-salaried-people/articleshow/73835816.cms">You'll save ₹78,000 more under new income tax slabs if you earn less than ₹15 lakh</a> <a href="https://www.businessinsider.in/budget/news/indian-government-infuses-22000-crore-in-power-and-renewable-proposes-freedom-to-choose-supplier/articleshow/73835587.cms">Indian government infuses ₹22000 crore in power and renewable, proposes freedom to choose supplier</a> <a href="https://www.businessinsider.in/budget/income-tax/news/check-out-new-income-tax-slab-of-2021/articleshow/73830824.cms">New income tax slabs 2020</a> <a href="https://www.businessinsider.in/budget/news/there-will-be-no-manual-cleaning-of-sewers-anymore-announces-nirmala-sitharaman/articleshow/73835265.cms">“There will be no manual cleaning of sewers anymore,” announces Nirmala Sitharaman</a> <a href="https://www.businessinsider.in/budget/news/union-budget-2020-live-updates-news-and-highlights/liveblog/73824572.cms">Union Budget 2020 Live Updates</a>

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