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<ul><li><keyword id="1402053" type="General" weightage="20" keywordseo="ashok-vaswani" source="Orion">Ashok Vaswani</keyword> is a Stanford graduate who is also a CA, CS and did his Bachelors at Sydenham College of Commerce.</li><li>Vaswani worked with <keyword id="44473" type="General" weightage="20" keywordseo="citigroup" source="Orion">Citigroup</keyword> and more recently, at <keyword id="6386585" type="General" weightage="20" keywordseo="barclays" source="Orion">Barclays</keyword>, where he built and grew the business to a scale.</li><li>Vaswani is obsessed with technology but also focused on earning the trust of his consumers.</li><li><keyword id="45051" type="General" weightage="20" keywordseo="uday-kotak" source="Orion">Uday Kotak</keyword> has roped in an outsider given the extent of the transformation that <keyword id="46013" type="General" weightage="20" keywordseo="kotak-mahindra-bank" source="Orion">Kotak Mahindra Bank</keyword> will need in times to come when banks will have to fight for wallet share of consumers. </li></ul>Today, you don’t need to step into a bank to make payments, check your balance or even request for a cheque book. That is if you still use those booklets. Since your bank’s mobile app allows you to do all this and much more online, can there be more digitisation in banking? Well, the new CEO of Kotak Mahindra Bank Ashok Vaswani thinks that a lot more technology can be deployed in banks. As the CEO of Barclays Bank UK, Vaswani knows how the lives of consumers can transform with digitisation. He is also cognisant of the fact that a bank does not only cater to millennials or GenZ population. At Barclays, he had a team of tech experts to help consumers who were even in their 1990s such that they could learn not just digital banking but even chat with grandkids on Skype or Zoom. That is how the new CEO of Kotak Mahindra Bank thinks, given that his head and heart are in the right place. At a time when banks are struggling to keep consumers happy while maintaining high profit margins, Vaswani could well be the man who can plug the gaps. And, if there’s something he can talk about for hours, it is the technological transformation of financial services. Not only is he cognisant of the ease that digital banking brings, but also the risk that comes along with it. This generational shift at India’s fourth largest private bank in India clearly wants to up its game in the years to come by leveraging technology to transform not only its operations but also create new and better services for its customers. Imagine an AI Bot that actually tells consumers every month on how spending on eating out is much more than feasible or that average monthly savings are not good enough when you retire. Yes, Vaswani believes that is the next stage of banking as it can open up different ecosystems. In an interview a few years ago at the University of West England, Bristol, he said: “I would submit that a lot more digitisation can happen. Why would I not be able to tell you, you are earning so much, you are spending this much and you should be saving. Can you imagine, you spent so much money on Uber and that you should be careful?” There are so many aspects of digital transformation that limits are frankly only set in the mind. As the CEO of Barclays UK, he has not just built a lot of products for consumers but even their confidence in the bank and the banking system. It is a refreshing change to hear a CEO talk about confidence in the company and not just on margins. Vaswani has a proven track record spanning three and a half decades across the world’s leading banks. He was initially at Citigroup and more recently, at Barclays, where he built and grew the business to a scale. He brings with him significant executional experience with a high degree of compliance and industrial strength across corporate and consumer businesses. Vaswani was Chief Executive Officer of Barclays Bank, UK and subsequently CEO of their global consumer, private, corporate and payments businesses and Member of the group executive committee. Earlier, he was CEO Citigroup Asia Pacific and Member of the Citigroup Global Operating Management Committees. He also built and ran various country and regional businesses across geographies. What makes him interesting is that he has not only run global banks but has even been president of Pagaya Technologies, a US-Israeli AI fintech company. This kind of exposure makes him a much better candidate than any insider at Kotak Mahindra Bank. At last count, there were three top contenders for the job, but Uday Kotak has roped in an outsider given the extent of the transformation that the bank will need to undertake to remain relevant in the face of competition from other fintechs. Ashok is married to Veena and their daughter is working in the United States of America. It is interesting that Uday Kotak, first generation founder and promoter of Kotak Mahindra Bank, has brought in an outsider to run the bank. Organisations typically are wary of bringing in outsiders at top jobs mostly because of the friction that results from such hiring due to cultural fitment and acceptance of a known candidate. It is easier for the rank and file to accept an insider rather than an outsider but Uday Kotak has chosen to take the risky route. While in some unfortunate cases like Infosys, where Vishal Sikka did not fare too well when promoters stepped away in 2014, the experiment of outsiders has been rather successful at the Tata Group. When Ratan Tata took over the reins at the Tata Group, he brought in Kishor Chaukar who came from ICICI Securities to head Tata Industries. Ravi Kant came in from Philips India in 1999, and headed commercial vehicles for Tata Motors before becoming MD in 2005. In 1998, the then vice-chairman of Hindustan Lever (now known as Hindustan Unilever), moved to Tata Sons as executive director. Typically, Indian corporations bring in overseas talent when they believe that the requisite skills are not available in India. But given that India’s private banking sector has grown and flourished under the stewardship of homegrown talent, this shift is an interesting move by Uday Kotak, who clearly sees merit in Vaswani’s experience outside of India. No wonder Uday Kotak, Founder and Director, Kotak Mahindra Bank said: “I am proud that we bring a ‘Global Indian’ home to build Kotak and India of tomorrow.” Interestingly, Ashok Vaswani is a Bachelor of Commerce, Economics and Accountancy, from the Sydenham College of Commerce and Economics (Bombay University), CA from the Institute of Chartered Accountants of India, CS from the Institute of Company Secretaries of India and Executive Education from the Stanford University Graduate School of Business. Uday Kotak too is alumnus of Sydenham College and has a postgraduate degree in management studies in 1982 from Jamnalal Bajaj Institute of Management Studies.

The CEO who believes that there’s a lot more to digitise at banks

<ul><li>The gig economy of India is attracting more and more young people aged between 16 to 23 years.</li><li>Teenagers, between the age group of 16 to 18, have shown a massive 750% growth in terms of willingness to opt for <keyword id="8708804" type="General" weightage="20" keywordseo="Gig-jobs" source="Orion">gig jobs</keyword>, revealed <keyword id="10663475" type="General" weightage="80" keywordseo="taskmo" source="Orion">Taskmo</keyword> report.</li><li>However, gig jobs are nowhere enough for a worker to survive and support a family.</li></ul>India’s gig economy, which has been expanding, is now attracting the youngest of employable India, as per a report. According to a report by gig marketplace Taskmo, the gig economy largely attracted youth aged between 16-23 years. Over 40% of the 7,50,000 registered gig workers on the Taskmo platform are of this age group and it has increased eight-fold in 2022 as compared to 2019. “As the concept of gig is finding wide acceptance, there is a surge in participation of youth, who are preferring to take up gig job roles. Younger generations are also more open to exploring varied opportunities. It’s good that they do not want to limit themselves to work that comes with boundaries,” said <keyword id="12360099" type="General" weightage="20" keywordseo="Prashant-Janadri" source="Orion">Prashant Janadri</keyword>, co-founder, Taskmo. Teenagers are the most keen as those between 16-18, have shown a massive 750% growth in terms of willingness to opt for gig jobs. Gig jobs allow youngsters to earn pocket money, without tying them down to stringent timings. <cmsannotation type="cmsannotation" annotationid="Covid job losses and gigs" comment="subhead" text="Covid job losses and gigs">Covid job losses and gigs</cmsannotation> But, it’s not just youngsters who are taking up gigs. The Covid-19 pandemic opened the floodgates for the gig workers as people relied heavily on them for home delivery of necessities. Many of them joined the gig economy in desperation as the pandemic felled many full-time jobs. “Although the gig economy provides a lot of appealing benefits, many full-time employees had to reluctantly join the sector out of necessity during the start of Covid-19,” the report said. Indian unemployment rate for the month of July dipped to its lowest in six months to 6.8%; but that’s mostly due to increased agricultural activities, according to CMIE data. Urban unemployment in India jumped to 8.2% in July from 7.8% in June – showing the need for full time jobs that offer medicare and other benefits, in addition to a steady pay. <cmsannotation type="cmsannotation" annotationid="Added expenses and low pay" comment="subhead" text="Added expenses and low pay">Added expenses and low pay</cmsannotation> According to a <keyword id="14747776" type="General" weightage="20" keywordseo="GigPulse-report" source="Orion">GigPulse report</keyword> by Karmalife that produces <a href="https://hr.economictimes.indiatimes.com/news/workplace-4-0/employee-wellbeing/only-36-gig-workers-are-financially-resilient-in-india-says-gigpulse-report/92609399">financial solutions for gig workers</a>, the average earnings of gig workers stands at ₹18,000 per month. Over 15% of them face a financial deficit of at least ₹5,000 per month, on an average. Most gig workers also have to spend a part of their earnings on vehicle maintenance. About 22% of the gig workers in India are primary earners who support their families and view their jobs as core livelihood. About 39% co-earn with other family members and view their gig jobs as temporary transition to a ‘better opportunity’, <a href="https://www.livemint.com/money/only-22-of-gig-workers-in-india-primary-earners-says-report-11657172064836.html">revealed </a>the GigPulse report. <keyword id="46425" type="General" weightage="80" keywordseo="anand-mahindra" source="Orion">Anand Mahindra</keyword>, the chairman of Mahindra Group also spoke about the need to create full-time job opportunities and careers at his annual general meeting or AGM speech on August 5. “In the private sector, job creation is happening mainly at the lower end of the gig economy - drivers for Uber, delivery for Zomato, that sort of thing. This is not nearly enough. To create jobs on a mass scale and to take advantage of the global factors that are moving in our favour - we must boost manufacturing,” said Mahindra. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/indians-are-buying-more-pre-owned-cars-scorpio-fortuner-among-the-top-picks/articleshow/93619467.cms">Indians are buying more pre-owned cars: Scorpio, Fortuner among the top picks</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sustainability/news/genzs-millennials-are-turning-to-thrift-stores-to-upgrade-their-wardrobe-while-saving-the-environment/articleshow/93619737.cms">GenZs, millennials are turning to thrift stores to upgrade their wardrobe while saving the environment</a>

Gig jobs are popular with pocket-money seeking teens, for primary earners it’s a burden

<ul><li>According to <a href="https://www.indiatoday.in/education-today/jobs-and-careers/story/career-outlook-for-data-scientists-in-india-sky-high-pay-and-rising-demand-1825991-2021-07-09">analysts</a>, India is the second largest hub for <keyword id="6357343" type="General" weightage="20" keywordseo="data-science" source="Orion">data science</keyword> and it is predicted that the country will have more than 11 million job openings by 2026.</li><li>The Great Learning report reveals that 57% of the hiring managers believed that the gap between supply and demand exists at the entry level.</li><li>Business Insider brings you several job openings in marquee companies for data scientist roles .</li></ul>Data science has been one of the most in-demand jobs especially in the last few years. However, 92% hiring managers witnessed a massive supply gap in data scientists in India, revealed a report by edtech platform Great Learning. According to <a href="https://www.indiatoday.in/education-today/jobs-and-careers/story/career-outlook-for-data-scientists-in-india-sky-high-pay-and-rising-demand-1825991-2021-07-09">analysts</a>, India is the second largest hub for data science and it is predicted that the country will have more than 11 million job openings by 2026. Analysts further reported that there were more than 93,000 jobs in data science that were vacant during August last year. The Great Learning report further reveals that 57% of the hiring managers believed that the gap between supply and demand exists at the entry level or fresher level while 27% of them believe that the talent gap exists in the mid-level roles of team lead and project management, which highlights the need to upskill both early stage and mid-career professionals with enterprise-specific use cases of data science. Business Insider brings you several job openings in marquee companies for data scientist roles — 1. IBM The American multinational technology company is looking for a full-time data scientist to join their New Delhi office. Eligibility — The candidate should have 5 plus years of experience in data engineering and data science and 2 plus years of consulting experience within specific industries with strong domain expertise and business acumen. PhD or masters in Science, Technology, Engineering, and Mathematics (STEM)-related fields with knowledge in quantum computing. Key responsibilities — Engage and educate client data science teams to define promising areas for quantum exploration. Collaborate with industry and solutioning experts to design and shape experiments to demonstrate quantum-enabled advantage. 2. Accenture The global technology services company is hiring a full-time Data Science Associate Manager for their Gurugram, Bengaluru and Kolkata office. Eligibility — Knowledge of statistical techniques and machine learning algorithms, and analysis tools like R, Python. Key responsibilities — Create insights from predictive statistical modeling, mathematical knowledge, tools, and techniques to solve complex problems and deliver value. Collaborate with Accenture teams to address business issues and influence change using strategy, industry, and analytical skills. 3. McKinsey and Company The management consulting firm is actively recruiting Data Scientist — Quantum Black for its Gurugram office. Eligibility — Masters degree or PhD level in the field of computer science, machine learning, applied statistics, mathematics. Experience in statistical modelling and machine learning techniques. Key responsibilities — Work on complex and extremely varied data sets from some of the world’s largest organisations to solve real world problems. Develop data science products and solutions for clients as well as for our data science team. 4. Gartner The technology research and consulting company is hiring an Associate Data Scientist for its Gurugram office. Eligibility — 1-3 years hands-on experience building machine learning models, natural language applications of artificial intelligence business capabilities. Bachelor's degree in a quantitative field (maths, statistics, computer science, engineering, etc.) required or master’s degree or PhD in the same field. Key responsibilities — Work on Data science projects in close collaboration with the data engineering team, product owners and business leaders to deliver high value business capabilities. Responsible for maintaining proper documentation and further code-reusability principles. 5. EY The multinational professional services company is scouting for data scientists with NLP for its Noida office. Eligibility — 4 plus years of experience in machine learning, statistical modeling, quantitative analysis, forecasting, data visualisation, recommendation engine etc., and 2 plus years of professional experience in software development in languages like Python, spark. Experience in data processing with Python, SQL and understanding of natural language processing concepts. Bachelor’s or master’s degree in math, statistics, information technology, computer science, economics, or a related field. Key responsibilities — Balancing excellent business communication skills with a deep analytical understanding is needed. Applying data Science, machine language algorithms, using standard statistical tools and techniques for solving client business problems. 6. Ola The multinational ridesharing company is looking for a data scientist for its Bengaluru office. Eligibility — PhD or master’s with over two years of relevant experience or bachelor’s in technology (B.Tech) with over four years of relevant experience in operations research, applied mathematics or statistics or econometrics, electrical or systems engineering, physics or similarly highly quantitative field. Key responsibilities — Building an intelligent system using techniques in machine learning, optimisation, signal analysis, and statistics. 7. Deloitte The multinational professional services company is hunting for a data scientist for its Mumbai office. Eligibility — At least 6-9 years of experience in descriptive and predictive analytics and over three years of experience in implementing and executing data science projects throughout the entire lifecycle. Bachelor’s or master’s degree in quantitative fields. Key responsibilities — Manage a portfolio of data science projects across various verticals. Oversee and improve machine learning (ML) models developed by the team &amp; identify scope for model improvements &amp; best practices. 8. Jio The Indian telecommunications company is actively recruiting data scientists for its Bengaluru and Hyderabad offices. Eligibility — 2 to 8 years of experience in development or research on artificial intelligence (AI) algorithms. B.Tech or M.Tech or PhD in computer science, AI/ML or related fields. 9. Tech Mahindra The Indian multinational information technology and business process outsourcing company is hiring data scientists for its Bangalore, Pune, Hyderabad, Chennai, Noida, and Mumbai offices. Eligibility — 3-12 years of experience in the relevant field. Expert level proficiency in at least one of the upcoming technologies like deep learning, NLP, Computer Vision, recommender systems. 10. PayPal The online payments giant company is scouting for a data scientist for its Bengaluru office. Eligibility — Over 3 years of relevant experience with graduation from a recognised university or over 2 years of relevant experience with a master's degree from a recognised university. Key responsibilities — Day-to-day duties include data analysis, monitoring and forecasting, creating the logic for and implementing risk rules and SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/federal-bank-is-offering-internships-for-fresh-graduates/articleshow/87151028.cms">Federal Bank is offering internships for fresh graduates — Check out stipend, incentives and other details</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/indian-employees-to-get-the-biggest-salary-hikes-amongst-asia-pacific-countries-next-year/slidelist/87158215.cms">Indian employees to get the biggest salary hikes amongst Asia-Pacific countries next year</a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/indian-employees-to-get-the-biggest-salary-hikes-amongst-asia-pacific-countries-next-year/slidelist/87158215.cms"></a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/indian-employees-to-get-the-biggest-salary-hikes-amongst-asia-pacific-countries-next-year/slidelist/87158215.cms"></a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/indian-employees-to-get-the-biggest-salary-hikes-amongst-asia-pacific-countries-next-year/slidelist/87158215.cms"></a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/indian-employees-to-get-the-biggest-salary-hikes-amongst-asia-pacific-countries-next-year/slidelist/87158215.cms"></a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/indian-employees-to-get-the-biggest-salary-hikes-amongst-asia-pacific-countries-next-year/slidelist/87158215.cms"></a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/indian-employees-to-get-the-biggest-salary-hikes-amongst-asia-pacific-countries-next-year/slidelist/87158215.cms"></a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/indian-employees-to-get-the-biggest-salary-hikes-amongst-asia-pacific-countries-next-year/slidelist/87158215.cms"></a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/indian-employees-to-get-the-biggest-salary-hikes-amongst-asia-pacific-countries-next-year/slidelist/87158215.cms"></a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/indian-employees-to-get-the-biggest-salary-hikes-amongst-asia-pacific-countries-next-year/slidelist/87158215.cms"></a><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/indian-employees-to-get-the-biggest-salary-hikes-amongst-asia-pacific-countries-next-year/slidelist/87158215.cms"></a>

Jio, Ola, Accenture, IBM and more are looking for data scientists across India

<ul><li>‘Challenge accepted,’ said Gurnani to <keyword id="15681942" type="General" weightage="20" keywordseo="chatgpt" source="Orion">ChatGPT</keyword> maker OpenAI CEO <keyword id="257641" type="General" weightage="20" keywordseo="sam-altman" source="Orion">Sam Altman</keyword> who had said it was totally hopeless to compete with his company on training foundational AI models.</li><li>Gurnani has taken a contrarian stance to that of the industry recently on the <keyword id="64527" type="General" weightage="20" keywordseo="moonlighting" source="Orion">moonlighting</keyword> issue.</li><li>He had created a unique approach to downsizing when his company took over troubled Satyam Computers. </li></ul>Come December, <keyword id="351287" type="General" weightage="20" keywordseo="c-p-gurnani" source="Orion">C P Gurnani</keyword> is all set to hang his boots as <keyword id="43217" type="General" weightage="20" keywordseo="tech-mahindra" source="Orion">Tech Mahindra</keyword>’s CEO, but that’s not making him take a back seat. Unlike most tech CEOs and other top leaders in general, he is unafraid to speak his mind. So much so that Gurnani made OpenAI CEO Sam Altman back down and clarify his comments that it’s hopeless for India to compete with his company on AI. The first to respond was Gurnani who ‘accepted a challenge’ on behalf of India — to create a ChatGPT-like product. “From one CEO to another, challenge accepted,” Gurnani said after Altman said, “The way this works is we're going to tell you, it’s totally hopeless to compete with us on training foundational models, you shouldn’t try and it’s your job to try anyways,” responding to a question on the capability of small team of Indians to try it. Altman’s comments, however, ended up reportedly offending the likes of minister of state for IT and electronics, Rajeev Chandrasekhar. Meanwhile, the 64-year-old Gurnani, never one to shy away from taking on challenges or voicing his opinions, however contrary — has taken the bull by the horn one more time. A votary of moonlighting Not too long ago, when moonlighting was a hot debate, almost every tech major including Tata Consultancy Services (TCS) and Infosys opposed it calling it an ‘ethical issue’. In fact, Wipro’s executive chairman Rishad Premji was a vocal opponent, claiming to have fired people for taking up side hustles while being employed with the company and ‘working’ from home. Amidst a sea of dissent, Gurnani was one of the first voices who supported moonlighting – only asking his employees to be open about it. He asked them not to cover up the extra work as it would aid their resumes. “If you go by my word, if someone is meeting the efficiency and productivity norms, and he wants to make some extra money as long as he is not committing fraud, he is not doing something against the values and ethics of his company, I have no problem. I would like to make it a policy. So, if you want to do it, cheers to that, but be open about it," Gurnani had said. ‘People were not toxic’ Such out-of-the-box thinking and policies are not new for Gurnani. After the shocking Satyam scam, where its founder admitted to falsifying accounts, Mahindra &amp; Mahindra bought the company and brought Gurnani to run it. Almost all the employees of the beleaguered company had turned persona non grata. However, he said, “The company’s accounting books were toxic, the people were not.” Amidst dealing with legal and regulatory issues, he did roadshows lasting many months to convince clients to stay with the company. However, as the immediate task was to improve profitability of the company, he had to do what he dreaded — fire around 18,000 people. The firing was not done at one go however. The company gave a small salary for six months, set up job fairs, trained them and even had psychiatrists to help tide over the crisis – until they found another job. As with moonlighting and the Satyam restructuring, Gurnani brings his unique perspective to artificial intelligence (AI) as well. The chemical engineer from NIT Rourkela isn’t worried about AI taking over human jobs – he believes it will give humans more leeway to create emotional connections and relationships, and of course bring in more creativity to work and life.

C P Gurnani and the contrarian stance

<ul><li>Mahindra &amp; Mahindra (M&amp;M) slashed nearly half of the redundant job roles at its North American unit. </li><li>In a written statement to Business Insider, Mahindra’s spokesperson said that its Detroit centre would continue work on its electric car platforms and prepare for the launch of the New Roxor 2021. </li><li>Reports indicate the positions were cut across various verticals, including engineering staff, at its Detroit-based plant, which rolls out off-road vehicle Roxor.</li></ul>One of India’s largest automakers, Mahindra &amp; Mahindra (M&amp;M), has slashed nearly half of the redundant job roles at its North American unit even as it remains focussed on building its electric vehicles business. It took these tough measures as it looks to conserve cash and work towards building a leaner organisation across global businesses. According to its <a href="https://www.mahindraautomotivena.com/about">official website, MANA</a> employed around 500 people till early 2020, is reported to have slashed over half of the workforce. <a href="https://www.reuters.com/article/uk-mahindra-usa-layoffs-exclusive/exclusive-indian-automaker-mahindra-cuts-over-half-of-north-america-workforce-sources-say-idUKKBN29I26F">Reports</a> indicate the positions were cut across various verticals, including engineering staff at its Detroit-based plant. In a written statement to Business Insider, Mahindra’s spokesperson said that even as it realigns its workforce and cuts down on non-core operations, work will continue at its Detroit centre on the ‘Born Electric’ platforms. Mahindra is also preparing to launch the New Roxor 2021, for which they continue to ‘retain as well as bring in new and relevant skilled talent.’ Mahindra opened the <a href="https://www.thehindu.com/business/Industry/mahindra-opens-detroits-first-car-making-plant-in-25-years/article20608973.ece">Detroit plant</a> in 2017 with an investment of $230 million, marking its first automotive plant in nearly the city in three decades. The North-America plant plays an important role in building out off-road vehicle Roxor and GenZe Electric scooters for Mahindra. Although the company did not announce the number of employees that were laid off, it said that given the challenging business environment, the North American unit has combined some of the job roles, and reduced the resultant redundant jobs. The Mahindra Group remains firm on implementing capital allocation norms, with a sharp focus on financial returns, driving growth, and continued improvement in international subsidiaries, the statement added. The company had <a href="https://auto.economictimes.indiatimes.com/news/passenger-vehicle/uv/revamped-detroit-plant-to-start-making-new-jeep-by-march-31/80165634">recently invested $1.6 billion </a>to revamp two old engine plants to build the new versions of the popular Jeep Grand Cherokee SUV — the production is likely to start by the end of March. It will also build two-row and what likely will be plug-in hybrid electric versions of the Grand Cherokee later this year at the Detroit Assembly complex. M&amp;M is planning to focus on manufacturing large sport-utility vehicles and electric models for its core India market, where the company has struggled competing with its peers such as Tata Motors and Kia. SEE ALSO:<a href="https://www.businessinsider.in/tech/apps/news/the-indian-government-may-call-whatsapp-to-explain-why-its-new-data-sharing-terms-apply-in-india-but-not-in-europe/articleshow/80262586.cms" data-type="tilCustomLink"> The Indian government may call WhatsApp to explain why its new data privacy policy applies in India but not in Europe</a> <a href="https://www.businessinsider.in/politics/world/news/trump-becomes-first-president-to-be-impeached-twice-as-house-charges-him-with-inciting-an-insurrection/articleshow/80260200.cms" data-type="tilCustomLink">Trump becomes first president to be impeached twice as House charges him with inciting an insurrection</a>

Mahindra says Roxor 2021 will still be made in Detroit after laying off nearly 250 redundant roles

<ul><li><keyword id="7681538" type="UNKNOWN" weightage="20" keywordseo="Tech-Mahindra-CFO">Tech Mahindra CFO</keyword> <keyword id="388883" type="PERSON" weightage="20" keywordseo="Manoj-Bhat">Manoj Bhat</keyword> is happy with the budget but feels more could have been done to address the needs of the IT services industry specifically.</li><li>Taxation, for instance, could have been simplified to ease the cost of doing business across multiple geographies.</li><li>Since the IT services industry has been a huge job creator in India, it would also have been helpful if there were more incentives for employment generation.</li></ul>India’s latest budget did acknowledge the role of technology in economic revival. For instance, the government plans to introduce e-courts for faster resolution of disputes. It also earmarked ₹1,500 crore to dole our financial incentives for digital transactions. However, what the IT services players in India, like <keyword id="43217" type="CITY" weightage="20" keywordseo="Tech-Mahindra">Tech Mahindra</keyword>, HCL Technologies, Infosys, Wipro and Tata Consultancy Services (TCS), wanted to see was some relief on taxes and incentives for job creation. “I think the government has come up with a budget that is investment oriented. In a lot of ways that ticks a lot of the boxes. But, specifically for IT services, there’s nothing there,” Tech Mahindra CFO, Manoj Bhat told Business Insider in an exclusive interview. Taxation is getting more complicated world over The industry lobby, NASSCOM, hoped for some clarity on the tax framework with more employees working from home — a trend that many companies plan to stick to in some form or the other in the long run. “As companies like us become larger and operate in so many countries, helping us work through some easier tax situations esp in international context whether its around transfer pricing or some of the other laws that are coming through would have been nice,” said Bhat. Transfer pricing relates to the prices charged by different entities — located in different jurisdictions — for goods and services. The tax rules related to transfer pricing are complex. Governments, in India and abroad, are becoming increasingly proactive in scrutinising transfer pricing policies and practices. The IT services industries is a big job creator At a time when the Indian economy needs a demand boost, Tech Mahindra’s CFO also believes that the budget could have done with adding some incentives for job creation. “That’s something they should consider perhaps in terms of continuing some of the benefits that were offered in the past few years that are no longer there,” said Bhat. In the past, the sector has been a huge boon for creating new opportunities and helping the economy grow. NASSCOM estimates that the $200 billion industry created over 200,000 new jobs in 2019 — a year that saw massive unemployment in India. “We require WFH to be enabled in SEZs (Special Economic Zones on a long-term basis. Since this requires movement of duty-free goods like laptops etc outside the SEZs, the Finance Ministry should provide the requisite clarifications under Customs and GST,” said NASSCOM in their pre-budget expectations. Even though bigger players can do without the incentives, smaller and upcoming IT companies would have welcomed the relief. The demand for talent is also on the rise as businesses that were once hesitant about going digital are bringing up their timelines to ensure that their customers can still reach them even if stepping out of the house isn’t an option. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/markets/news/india-becomes-the-first-asian-country-allow-small-investors-to-directly-lend-to-the-government/articleshow/80701417.cms">India becomes the first Asian country to allow small investors to directly lend to the government</a> <a href="https://www.businessinsider.in/science/space/news/isro-will-transform-in-2021-as-india-pumps-big-money-to-draw-in-startups-for-the-second-space-age/articleshow/80683054.cms">ISRO will transform in 2021 as India pumps big money to draw in startups for the 'second space age'</a> <a href="https://www.businessinsider.in/politics/news/new-citizenship-law-pulls-india-down-in-the-democracy-rankings-and-2021-is-not-looking-better/articleshow/80671194.cms">New citizenship law pulls India down in the democracy rankings — and 2021 is not looking better</a>

INTERVIEW: Two things on Tech Mahindra CFO’s wishlist for the Budget 2021-22 that were left unaddressed

As the world continues to evolve and adapt, so too does the way we <keyword id="6355058" type="General" weightage="20" keywordseo="work" source="Orion">work</keyword>. <keyword id="824043" type="General" weightage="20" keywordseo="business-insider" source="Orion">Business Insider</keyword> India is back with its second edition of The <keyword id="1967222" type="General" weightage="20" keywordseo="future-of-work" source="Orion">Future of Work</keyword> Summit 2023 in Mumbai this Friday, March 17. The conclave aims to explore the latest trends and advancements in the way we work. This year's agenda is focused on several key areas that are transforming the world of work as we know it: technology, cultural intelligence, upskilling and human capital. Let’s get onto what you can expect at the FoW Summit 2023. The future of <keyword id="11018" type="General" weightage="20" keywordseo="jobs" source="Orion">jobs</keyword> is tied in with the technology revolution, upskilling and the ability to find the confluence between work, technology and human experience. The day begins with a keynote address by Maharashtra’s Labour Secretary, Vinita Vaid Singal on the impact of technology on workforce, the need for reskilling and upskilling programmes to ensure that workers are equipped with skill sets to thrive in a changing job market. <h5 style="line-height:1.2;background-color:#ffffff;margin-top:12pt;margin-bottom:12pt;">Final call to <a href="http://businessinsider.in/fow2023">register </a>and be a part of all the action</h5>The rest of the sessions are broadly categorised into four sections - <ul><li>Enhancing Human Capital: The need for policies to align employee growth and business strategies to ensure that both workforce and business can thrive. -Nitin Sethi, CEO, Aon Consulting, India &amp; South Asia -Naiyya Saggi, Co-Founder, Good Glamm Group -Karan Virwani, CEO, WeWorkIndia </li><li>Technology: The future of work and technology and the tools driving digital transformation across workplaces over the next decade -Ashok Krish, Global Lead - Digital Workplace, TCS -Sumedha Chakraborty, Country Head, India &amp; SAARC Business, Google Workspace, Google Cloud -Mukesh Jain - CTO, VP &amp; Global Head of Innovation with AI/ML, Insights &amp; Data - Capgemini </li><li>Upskilling and push for Diversity, Equity, Inclusion (DEI): Two cornerstones that HR leaders must focus on to create a productive, diverse workforce that can adapt to changing needs of business. -C Jayakumar, Executive VP &amp; <keyword id="6378374" type="General" weightage="20" keywordseo="chro" source="Orion">CHRO</keyword>, Larsen &amp; Toubro -Harshvendra Soin, Global Chief People Officer and Head Marketing, Tech Mahindra -Ryan Lowe, Partner - People Advisory Services, E&amp;Y -Harish Iyer, Head - DEI, Axis Bank -Ishita Medhekar, CHRO, Metropolis Healthcare -Neha Bagaria, Founder &amp; CEO, JobsForHer </li><li>Culture, Content &amp; Creator Economy that focuses on the future of storytelling in India: How new platforms are revolutionizing the way we consume and tell stories and the opportunities it presents for content creators. -Rohan Joshi, Influencer, Comedian, Co-Founder - All India Bakchod -Advait Gupt, Co-Founder &amp; CEO, Kulfi Collective -Varun Duggirala - Influencer, Podcaster, Entrepreneur -Karishma Mehta, Founder &amp; CEO, Humans of Bombay</li></ul>Co-powered by Google Cloud, the Future of Work Summit 2023 is a confluence of the brightest minds reimagining the new era of work, workplace and workforce. Discover new trends shaping the workplace and learn about the strategies and tools that can help you stay ahead of the curve. Register <a href="http://businessinsider.in/fow2023">now</a>!

Final countdown begins! Here’s your guide to the Future of Work Summit 2023

<keyword id="824043" type="General" weightage="20" keywordseo="business-insider" source="Orion">Business Insider</keyword> India is hosting an annual business conclave on the <keyword id="1967222" type="General" weightage="100" keywordseo="future-of-work" source="Orion">Future of Work</keyword> (FoW) this year on March 17th in Mumbai. The event is being co-powered by Google Cloud. The Covid pandemic has re-defined many aspects of living and most importantly the approach to <keyword id="6355058" type="General" weightage="20" keywordseo="work" source="Orion">work</keyword>, <keyword id="6355058" type="General" weightage="20" keywordseo="work" source="Orion">work</keyword>force and the workplace. Corporates across the board are looking to rebuild with the latest mediums and tools. The challenge they now face is to make themselves more humane amidst digital adoption, find a balance between hybrid and physical work space and create a more equitable environment overall. Register <a href="http://businessinsider.in/fow2023">here </a>to know more about the FoW summit. The event will see founders, entrepreneurs and CXOs from India’s top brands along with trailblazers from across sectors and domains debate challenges, latest trends, address the many questions that deserve answers and to debunk many prevalent myths – when it comes to the <keyword id="1967222" type="General" weightage="100" keywordseo="future-of-work" source="Orion">future of work</keyword>. Meet the speakers: FoW Summit 2023 <ul> <li>Dr C Jayakumar, Executive VP &amp; <keyword id="6378374" type="General" weightage="20" keywordseo="chro" source="Orion">CHRO</keyword>, L&amp;T</li> <li>Mukesh Jain, CTO, VP &amp; Global Head of Innovation with AI/ML, Insights &amp; Data, Capgemini</li> <li>Harshvendra Soin, Global Chief People Officer and Head Marketing, Tech Mahindra</li> <li>Karan Virwani, CEO, WeWork India</li> <li>Neha Bagaria, Founder &amp; CEO, JobsForHer</li> <li>Harish Iyer, Head of Diversity, Equity and Inclusion, Axis Bank</li> <li>Anurag Malik, Partner &amp; National leader – Workforce Advisory Services, EYIndia</li> <li>Varun Duggirala – Influencer, Podcaster, Entrepreneur</li> <li>Karishma Mehta, Founder - Humans of Bombay</li> <li>Rohan Joshi, Influencer, Comedian, Co-Founder - All India Bakchod</li> <li>Advait Gupt, Co-Founder &amp; CEO, Kulfi Collective</li> <li>Dr Marcus Ranney, Champion of Wellbeing, Author &amp; Founder - Human Edge</li> </ul> Here’s why you should attend this summit: 1.Gain insights on latest trends, ideas and solutions from innovators and enablers 2.Listen and learn from the finest minds in the industry 3.Understand the evolving landscape to help hone your skills 4.Networking and knowledge sharing <keyword id="824043" type="General" weightage="20" keywordseo="business-insider" source="Orion">Business Insider</keyword>’s FUTURE OF WORK is the knowledge sharing platform, for all, to bring conversations and ideas together and learn from each other. You can apply <a href="https://www.businessinsider.in/fow2023">here</a> to attend the event.

Business Insider India’s Future of Work Summit 2023: Meet the speakers

<ul><li>Since there is uncertainty around Covid-19 and its possible impact, more pay cuts and job cuts are in the offing. </li><li>However, a select few companies have stepped up hiring despite the global pandemic. </li><li>This week, Business Insider brings job openings across companies that are hiring engineers across domains including radio frequency, telecommunications, integration experts and more.</li></ul>Ever since the government announced the nationwide lockdown on March 24, the unemployment rate in India remained high at over 20%, <a href="https://www.businessinsider.in/careers/news/india-unemployment-worsens-cmie-jobless-rate-spikes/articleshow/75989712.cms">according to</a> the Centre for Monitoring Indian Economy (CMIE). Since there is uncertainty around Covid-19 and its possible impact, more pay cuts and job cuts are in the offing. However, a select few companies have stepped up hiring despite the global pandemic. Every week, Business Insider collates interesting vacancies across marquee organisations. A few such vacancies are listed here. This week we bring job openings across companies that are hiring engineers. Here are a few of those opportunities: Tech Mahindra Position: Telecommunications Engineer Location: Bengaluru Experience: 3-8 years Eligibility: Bachelor’s or Master’s degree in electronics and communication Tech Mahindra is looking for an experienced telecommunications engineer. The selected hire will work on signal processing fundamentals, cellular communication and wireless standoffs. The role requires strong knowledge of programming in c, c++ and MATLAB. He will work on developing prototypes , enhancing algorithm performance and work with debugging tools. To apply for the job, the candidate must have knowledge of architecture and design, including debugging skills. He should be experienced in integration and optimization tools. Interested candidates can apply <a href="https://www.linkedin.com/jobs/view/1869834583/">here</a>. Intel Corporation Position: RF Engineer Location: Bengaluru Experience: Minimum 8 years Eligibility: B.Tech in Electronics and communication Intel is hiring RF Engineers in Bengaluru, who will work on radio frequency topology, its system analysis, block characterization and specification. The candidate will work on the radio frequency test equipment. He will be responsible for the design of RF circuits, analyse and understand the analog circuits and chip layout requirements. To apply, the candidate must have experience in RF design and testing of RF systems like cellular modems, WiFi, bluetooth and GPS. Interested candidates can apply <a href="https://www.linkedin.com/jobs/view/1880489320/">here</a>. Larsen &amp; Toubro Infotech Position: Integration Engineer Location: Gurgaon Experience: Minimum 5 years Eligibility: Not specified L&amp;T Infotech is looking to hire an integration engineer who will work on integrating third party upstream and downstream systems and other SaaS applications. He will work with the frontend, backend and database teams and architects to understand and build an integrated solution. He will be responsible for building APIs, software development kits, libraries and templates for integration and then migrate existing Leni stack to cloud stack. The applicants must have experience in building add ons to SaaS products like atlassian, salesforce, <keyword id="249410" type="COMPANY" weightage="20" keywordseo="HubSpot">hubspot</keyword>, zendesk and more. Interested candidates can apply <a href="https://www.linkedin.com/jobs/view/1880420444/">here</a>. Wipro Position: Software Engineer Location: Bengaluru Experience: Minimum 4 years Eligibility: MTech, BTech or MCA Wipro is hiring a senior software architect skilled in DevOps and Azure. The selected candidate will work on developing projects in Sharepoint Online, Microsoft Teams and Power platform. To apply for the job, the candidate must have experience in SharePoint migrations and design, Microsoft office 365 services. The candidate will be required to have excellent communication and documentation skills. Interested candidates can apply <a href="https://www.linkedin.com/jobs/view/1879467818/">here</a>. ABB Position: Project Engineer Location: Bengaluru Experience: Minimum 4years Eligibility: Mechanical Engineering ABB is hiring a project engineer to work on engineering design concepts and evaluate the techniques and procedures to complete engineering projects. The candidate will be responsible for reviewing and approving designs and extending technical support for testing and installation. He will work on creating design plans, cost estimates and quality of the program. The role includes supporting research and development projects for product development. Interested candidates can apply <a href="https://www.linkedin.com/jobs/view/1902429146/?alternateChannel=paview&amp;alternateCode=seturl&amp;eBP=CwEAAAFyte51abWVrRv_JRXf1YKoL-KXtMHrhRzM0oRFYizPsLgbx_OFqg1WkmLqJm_cp_vg6mwsW8lC2vskgjbeMTdrwrU_zNCNerVBJAOtfWiK4xekaU-ivbj88XzYpyQfHfH9W7Q0-dIopkGLN5h3q2XCb-q7fzb_lAkggkJjSqLvdZ5p2KWgJOt7fei5JzxcPtWye-yVOIv7j2-ij0lUg6FI79ztHLwMhD4R95sfnEpCnoJWPzDKg8l_kiiDU3_LoSxS-2_uOh8CSbgFpA8Lw4QH_4ctGg74m7uo74EAJ9_OA8YlcQp9J--3hflQpxa66RfsNs8G7rtmeKqifbTqY3b4tMjFUk2aipWUiA&amp;refId=43c75e3c-1e34-4ce9-a62b-e0044b9334b3&amp;trk=d_flagship3_job_details">here</a>.

Tech Mahindra, Intel, Wipro and other multinationals hiring engineers

<ul><li>Inflation can provide a minimum threshold of returns on productive assets, said <keyword id="46425" type="General" weightage="20" keywordseo="Anand-Mahindra" source="Orion">Anand Mahindra</keyword>, chairman of <keyword id="45224" type="General" weightage="100" keywordseo="mahindra" source="Orion">Mahindra</keyword> &amp; Mahindra.</li><li>A fall in Rupee value can boost <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>’s export competitiveness, he said in his AGM speech.</li><li>India can be the balance against <keyword id="1334" type="General" weightage="50" keywordseo="china" source="Orion">China</keyword>, said Mahindra, who believes our country can gain from the vacuum created by the global supply chain disruption.</li><li>“In the private sector, job creation is happening mainly at the lower end of the gig economy. We need to boost manufacturing.’</li><li>Read more from Mahindra’s AGM speech.</li></ul>All that the <keyword id="30067" type="General" weightage="50" keywordseo="rbi" source="Orion">RBI</keyword> governor <keyword id="6359111" type="General" weightage="50" keywordseo="shaktikanta-das" source="Orion">Shaktikanta Das</keyword> was worried about in the monetary policy on Friday morning, became ‘positive’ cues for M&amp;M chairman Anand Mahindra as he addressed the annual general meeting of Mahindra &amp; Mahindra, in the afternoon. Inflation, Mahindra, agrees is a concern but it can nevertheless provide a minimum threshold of returns on productive assets. “It enables a businessman to take more risks because inflation ensures that investing in the present is cheaper than that in the future. It further makes businesses more attractive vs passive investments, thus attracting capital. If it does not spin out of control, inflation can be the ally of growth,” he said in his speech. <cmsannotation type="cmsannotation" annotationid="The export advantage" comment="subhead" text="The export advantage">The export advantage</cmsannotation> Twitter’s favourite businessman, as he is called, also said that the Rupee was overvalued and ‘finding its own level’ was inevitable. As it fell, it boosted export competitiveness, which has grown 25% year-on-year. The war has disrupted the global supply chain, but at the same time, it is restructuring. As the sourcing diversifies, India will be the top gainer, and the domestic manufacturing could take off. As the world unshackles itself from China, a vacuum has been created. Many countries will rush to fill it too. “That is India's cue. We can be the balance against China. We can be the new player in the supply chain. The situation is rife with opportunities. We have but to seize the day,” Mahindra says. <cmsannotation type="cmsannotation" annotationid="Gig jobs are not enough" comment="subhead" text="Gig jobs are not enough">Gig jobs are not enough</cmsannotation> However, he also points out gaps that India has to fill to take advantage of these opportunities. The most important of these is jobless growth, as Indian unemployment hovers around 7-8%, as per CMIE data. He spoke of the suffering of young men and women who suffer the most from joblessness, who are his biggest followers on Twitter. Mahindra who engages with most of the people who comment or tag him on various issues believes that a country with the largest youthful population might dip into unrest if this problem is not solved. “In the private sector, job creation is happening mainly at the lower end of the gig economy - drivers for Uber, delivery for Zomato, that sort of thing. This is not nearly enough. To create jobs on a mass scale and to take advantage of the global factors that are moving in our favour - we must boost manufacturing,” he said in his speech. He ended his speech by quoting British writer Charles Dickens, without the horror that Dickens is known for. These are the best of the times, these are the worst of times – the first lines of The Tale of Two Cities. “But depending on how you look at it, these can be the best of times,” he concluded. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/nykaas-q1-net-profit-at-5-crore-falguni-nayar-says-demand-recovering-in-beauty-personal-care/articleshow/93375638.cms">Nykaa’s Q1 net profit at ₹5 crore, Falguni Nayar says demand recovering in beauty, personal care</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/tractors-and-better-cars-drive-mms-q1-net-profit-but-the-future-is-electric/articleshow/93374861.cms">Tractors and better cars drive M&amp;M’s Q1 net profit but the future is electric</a>

Worst of times can also be the best of times, says Anand Mahindra

<ul><li><keyword id="6358815" type="General" weightage="80" keywordseo="tech" source="Orion">Tech</keyword> majors like <keyword id="12873900" type="General" weightage="20" keywordseo="wipro-tech-mahindra" source="Orion">Wipro, Tech Mahindra</keyword> and other MNCs have either put off recruitment of freshers or asked them to wait. </li><li>Experts, allaying fears of recession in US and Europe affecting IT industry in <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>, state that the trend is not new.</li><li>The present trend could be the result of workability of pipeline projects. </li></ul> There is uneasiness among a major section of students whose onboarding process has been delayed by major tech companies. Tech majors like <keyword id="10862" type="General" weightage="80" keywordseo="wipro" source="Orion">Wipro</keyword>, Tech Mahindra and other MNCs have either put off recruitment of freshers or asked them to wait until they are intimated. The freshers awaiting onboarding in Wipro have launched a full fledged campaign on social media, questioning Wipro Chairman Rishad Premji's integrity and commitment as he spoke strongly about ethics in connection with moonlighting. "The career of thousands of students like me is at stake. We cleared the Wipro exam in 2021. We rejected offers from other companies. But, it's been one year and we are still not onboarded. Wipro is either delaying or rejecting without any clarification," fresher Nithin said. Another fresher <keyword id="15167860" type="General" weightage="50" keywordseo="rushikesh-rupnar" source="Orion">Rushikesh Rupnar</keyword> stated that "it's been 9 months since I received my offer letter. There is no update regarding onboarding since then. Are we a joke to them? So many students out there are waiting to join". The <keyword id="15167857" type="General" weightage="50" keywordseo="nascent-information-technology-employees" source="Orion">Nascent Information Technology Employees</keyword> Senate (<keyword id="12917180" type="General" weightage="50" keywordseo="nites" source="Orion">NITES</keyword>), an NGO working for the welfare of IT employees, stated that the trend is not confined to Wipro. "After Wipro, we have received complaints from employees of various IT companies regarding delay in onboarding. Unfortunately the CEOs bragging about work ethics and transparency are left with no humanity." "If the workers are organised, all they have to do is to put their hands in their pockets and they have got the capitalist class whipped," NITES asserted. IT firms should be held accountable for endangering the professional futures of the employees and trainees. Companies play a good game about their beliefs and ethics on the surface, but in reality, It's just crony capitalism, one of the IT job aspirants alleged. The students who have formed a group online with the "Wipro onboard us" title, stated "please update on our career, group respected <keyword id="15167858" type="General" weightage="50" keywordseo="rishadpremji" source="Orion">RishadPremji</keyword> sir please update about the onboarding of freshers, why this ego system on freshers." "I hope u r reading this reply and you got to help us soon. Wishing good health and happiness to the people who re supporting us in struggle of Wipro on-board." "Please update on our career group submitted respected RishadPremji sir we don't know how the moonlighting effected your company, but your hiring process and holding freshers on-boarding effecting the lives of 20k+ freshers. Is our lives not valuable?" NITES had also filed a complaint with <keyword id="9286293" type="General" weightage="50" keywordseo="union-ministry-of-labor-and-employment" source="Orion">Union Ministry of Labor and Employment</keyword> urging to initiate action against the Wipro for delaying onboarding of more than 2,000 students. Wipro has stated that it will honour all offer letters. However, experts, allaying fears of recession in US and Europe affecting IT industry in India, state that the trend is not new. They say since China is being hit post Corona period, India could be more resilient. The present trend could be the result of workability of pipeline projects. If pipeline projects are getting affected for various reasons, the companies will strategise their moves by holding new recruitments or withdrawing offers. "This trend is an old one and the situation is projected like it is the end of IT industry which is wrong. The focus is on adopting to new technology, which is being focussed by all major tech companies. They are doing best prepare work force for new challenges," an expert said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/musk-again-offers-to-buy-twitter-for-54-20-a-share-report/articleshow/94655083.cms">Musk again offers to buy Twitter for $54.20 a share: Report</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/competition-commission-gives-conditional-approval-to-sony-zee-merger-deal/articleshow/94654411.cms">Competition Commission gives conditional approval to Sony-Zee merger deal</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/upi-is-indias-favourite-payment-mode-with-transactions-worth-30-4-trillion-in-april-june-says-report/articleshow/94642629.cms">UPI is India’s favourite payment mode with transactions worth ₹30.4 trillion in April-June, says report</a>

Freshers feel the heat as IT majors put onboarding on indefinite hold

The Uttar Pradesh government, through its investment promotion agency <keyword id="9888370" type="General" weightage="80" keywordseo="invest-up" source="Orion">Invest UP</keyword>, has been successful in attracting beverages industrial units in Gorakhpur, Amethi, <keyword id="3481192" type="General" weightage="80" keywordseo="prayagraj" source="Orion">Prayagraj</keyword> and Chitrakoot. <keyword id="3270385" type="General" weightage="80" keywordseo="varun-beverages-ltd" source="Orion">Varun Beverages Ltd</keyword>, all India franchisee of <keyword id="54572" type="General" weightage="100" keywordseo="pepsico" source="Orion">PepsiCo</keyword>, has been allotted land in these districts through fast-track mode for setting up their units for producing carbonated soft drinks, fruit pulp or juice-based drinks. The company has proposed to invest Rs 3,740 crore in total in all the four plants with about 5,650 expected job opportunities. Chief Executive Officer, Invest UP, Abhishek Prakash said: "Under the leadership of Chief Minister <keyword id="43254" type="General" weightage="80" keywordseo="yogi-adityanath" source="Orion">Yogi Adityanath</keyword> and guidance of industrial development minister <keyword id="238672" type="General" weightage="80" keywordseo="nand-gopal-gupta" source="Orion">Nand Gopal Gupta</keyword> 'Nandi', policy of fast-track land allotment and promotion of mega projects in the state are proving to be significant enablers in attracting investment in the state." Additional Chief Executive Officer, <keyword id="14167509" type="General" weightage="50" keywordseo="prathamesh-kumar" source="Orion">Prathamesh Kumar</keyword> said that Varun Beverages Ltd. has been allotted 45-acre land through fast-track mode in Narkatha village of Gorakhpur. The company proposes to invest Rs 1071. 28 crore here with around 1,500 expected employment avenues. With allotment of 68. 6-acre land in Bargarh Industrial Area in Chitrakoot, Varun Beverages Ltd has proposed to invest around Rs 496.57 crore with estimated jobs to the tune of 1,000. Around 24.7-acre land has been allotted in Saraswati Hi-Tech City, Naini-Prayagraj and the investor has proposed to invest Rs 1,052.57 crore with 1,500 employment opportunities, while 26.1-acre area has been allotted in in Trishundi Industrial Area-Amethi, where proposed investment is Rs 1,119.59 crores with 1,650 expected jobs. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/science/health/news/who-warns-against-covid-complacency-urges-for-life-saving-action/articleshow/94388039.cms">WHO warns against Covid complacency, urges for life-saving action</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/rbi-restrains-mahindra-finance-from-using-recovery-agents-after-accident/articleshow/94387976.cms">RBI restrains Mahindra Finance from using recovery agents after accident</a>

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