Moveworks For HR: The First AI Solution That Provides Personalized HR Support

* Employees can automatically resolve workplace requests through simple conversations with Moveworks — freeing up HR teams to focus on the projects that matter most

Moveworks, the AI platform that powers the best places to work, today introduced Moveworks for HR: a sophisticated artificial intelligence solution built for human resources. The platform now automatically resolves employees’ HR requests, including benefits inquiries, PTO applications, payroll questions, and more.

The shift to flexible work has created enormous challenges for HR teams, since employees expect to stay productive, informed, and fulfilled from anywhere in the world. These employees overwhelm HR with thousands of requests, at all hours of the day, and they continue to quit at a record rate as their companies struggle to support them. Moveworks for HR solves these challenges at scale — with AI that provides instant, personalized help to every employee based on their unique role, department, seniority, benefits, location, and language.

“Moveworks is the core of our digital workplace, since it lets employees access support for the broader tech stack with a single search,” said Steve Phillpott, CIO and CDO at Solidigm. “Our job is about using technology to empower and improve the employee experience — whether they need IT support or HR help or more. That’s what we’ve achieved with Moveworks.”

Moveworks for HR is an out-of-the-box solution that requires no added work for HR teams. It plugs into a company’s preferred communications platform — Slack, Microsoft Teams, or a company portal, for instance — and automatically responds to each unique request with a personalized response. To provide the best possible answer, Moveworks’ machine learning models automatically ingest, scan, standardize, annotate, and conversationalize every knowledge article, form, FAQ page, and user record across an enterprise.

With this new release, HR teams can:

* Resolve common employee requests automatically: Employees can check remaining PTO balances, inquire about benefits, payroll, company holiday schedules, human resources information system (HRIS) questions, and more.

* Accelerate resolution time for complex issues: Employees go to a single place for PTO approvals, life event changes, employee verification letter requests, and more. Moveworks routes the request to the appropriate person for approvals and recommends the best action for the employee and the approver.

* Dramatically increase ROI for existing HR systems: Employees no longer have to ask their HR team to access information buried within HR systems and disparate knowledge bases. By connecting Moveworks to these existing systems, such as ServiceNow, Jira, Workday, SharePoint, Simpplr, Guru, and Confluence, among others, the platform can deliver the best possible solution in a single message.

“HR teams are responsible for every aspect of the employee experience, from onboarding new hires to handling major life events,” said Moveworks CEO Bhavin Shah. “This has become a near-impossible job in our complex digital world — further complicated by the fact that employees now expect instant support while working from anywhere and everywhere. HR teams need the help of sophisticated AI to overcome their organization’s biggest challenges, while still ensuring employees get the personalized HR support they need.”

Moveworks for HR uses hundreds of machine learning models to decide the best possible response or action for each specific user, considering their location, language preference, security permissions, and a variety of other factors. Employees simply ask for what they need, however they want, in whatever language they desire.

“We support over 1,000 team members across the globe with different needs and circumstances,” said Lainey Dailo, HR Operations Manager at Solidigm. “Moveworks navigates this complexity for us, which means our people get the personal touch they expect from HR, but without having to wait. To create an incredible employee experience, you need the combination of HR and AI.”

Moveworks for HR is a critical addition to the Moveworks platform. Moveworks customers already had the ability to answer questions across any line of business, send interactive comms at scale, and get insights across the entire digital business. With the addition of Moveworks for HR, businesses can resolve HR issues automatically — without the need for manual intervention.

To schedule a demo of Moveworks for HR, visit: https://www.moveworks.com/request-demo

About Moveworks

Moveworks is the AI platform that powers the best places to work.

Today, employees deal with endless distractions: they wait days to get IT support, search through dozens of systems to find the new HR policy, and don’t learn about critical changes until it’s too late. Moveworks lets them focus on what really matters. Our AI platform gives employees support in seconds, just by asking for what they need, and enables leaders to prevent problems in advance. With Moveworks, companies like Hearst, DocuSign, and Broadcom make work magic.

For more information, visit: Moveworks.com

Make A Promise Of Forever With De Beers Forevermark's Icon Bridal Collection

Whether a message of love or an enduring promise, nothing says “I do” like De Beers Forevermark’s Bridal collection. On the auspicious occasion of Akshaya Tritiya that celebrates new beginnings, the diamond brand presents a range of exquisite diamond jewellery.Inspired by the joy and beauty of the commitment that couples make to one another, De Beers Forevermark offers unique engagement and wedding diamond rings as a symbol of a couple’s shared love for each other, marking auspicious new beginnings with the promise of forever.

“As one of the most auspicious days in the Indian calendar, Akshaya Tritiya is associated with bringing good luck, success and fortune to those starting new ventures and celebrating new milestones in relationships. Diamonds hold meaning and value, marking a special memory in time. We hope that our specially crafted jewellery makes the expression of ‘I do.’ between couples set to mark new beginnings in their relationship, even more meaningful on this propitious day,” said Sachin Jain, Managing Director, De Beers India.

Designed to represent the romance and brilliance of a star in the night sky, while also mirroring the outline of a diamond - two everlasting symbols of forever, the icon has been reimagined in a diamond jewellery line. The collection features delicate settings and motifs enhanced by the beauty of De Beers Forevermark diamonds that captivate like stars at the centre of each design.

Deeply emotional and instantly life-changing, ‘I do.’ is one of the most meaningful and time-honoured expressions of intent. For more than a century De Beers has been helping couples express this profound commitment to each other. Each De Beers Forevermark engagement ring represents the promise of forever that is unique to every relationship.

Find your nearest De Beers Forevermark stores here https://www.forevermark.com/en-in/store-locator/ or discover the collection online at https://www.forevermark.com/en-in/diamond-rings/engagement-rings/

Taranbir Singh - CEO and Co-founder of FAARMS said, "We have been working on ground in spreading digital payment literacy among the farming community. We believe Bharat BillPay will revolutionize the way bills have been traditionally paid in India. The collaboration with the Government of India to integrate Bharat BillPay into the FAARMS app will give direct access to rural India to pay all their bills anytime anywhere instantly. This is a life-altering moment and we are glad to be the catalyst here."

Alok Duggal, COO and Co-founder of FAARMS says, "We have a deep reach in the remotest of villages in northern & central India and have been successful in gaining the trust of the farming community in the last 2 years. This helped us become one of the first agri-startup to tie up with, for connecting brands with the rural community".

About NPCI

National Payments Corporation of India (NPCI) was incorporated in 2008 as an umbrella organisation for operating retail payments and settlement systems in India. An initiative of RBI and IBA under the provisions of the Payment and Settlement Systems Act, 2007, NPCI was initiated for creating a robust payment and settlement infrastructure in the country. It has changed the way payments are made in India through a bouquet of retail payment products such as RuPay card, Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), BHIM Aadhaar, National Electronic Toll Collection (NETC) and Bharat BillPay.

NPCI is focused on bringing innovations in the retail payment systems through the use of technology and is relentlessly working to transform India into a digital economy. It is facilitating secure payments solutions with nationwide accessibility at minimal cost in furtherance of India’s aspiration to be a fully digital society.

About NPCI Bharat BillPay Ltd.

NPCI Bharat BillPay Ltd. is a wholly-owned subsidiary of National Payments Corporation of India. Came into effect from April 1, 2021, NBBL is growing rapidly on account of the ease and accessibility it offers to the customers and the one-stop solution to Billers for low-cost collections. The platform offers 20,000+ billers across multiple banks and non-bank channels.

Bharat BillPay To Offer Recurring Payments To Farmers Across India In Collaboration With FAARMS

·         Now, farmers can easily pay their recurring payments via Bharat BillPay on the FAARMS app

Bharat Bill Payment System, the one-stop platform for facilitating all recurring payments across categories has collaborated with FAARMS to enable the recurring payments facility for all the farmers across India. Through the FAARMS app, farmers can easily access a complete spectrum of products and services that include seeds, fertilizers, pesticides, animal feed, and more products delivered right at their doorstep. This collaboration will help to create a marketplace for the farmers across India wherein they can purchase products as well as manage various recurring payments like electricity, loan repayments, water bills, etc. on the same app.

In its continuous endeavour to support the Government of India and RBI’s vision for a cash-lite economy, Bharat BillPay has continuously strived to collaborate with new partners and facilitate digital inclusion by making recurring payments easy for the end-users. With this collaboration, Bharat BillPay will help in hand-holding, enabling, and driving each Indian household towards a seamless digital journey.

Currently, Bharat BillPay offers recurring payment services to customers across categories such as electricity, telecom, DTH, gas, education fees, water & municipal taxes, NETC FASTag recharge, loan repayments, insurance, cable, subscription fees, mobile prepaid recharges, and many others.

Noopur Chaturvedi, CEO, NPCI Bharat BillPay Ltd. (NBBL) said, “We are glad to collaborate with FAARMS to make life easier, safer, and effortless for every Indian household through Bharat BillPay. This partnership is a step towards bringing farmers into the mainstream digital payments ecosystem and bridging the financial inclusion gap for the last mile of the country. We look forward to collaborating with many new players to create a network effect and provide a convenient, uniform, and assured transaction experience to farmers and many such households across India.”

Persistent Systems Ltd: All-Round Beat; Growth Momentum To Remain Strong Globally

BUY

CMP: Rs4309  

Target Price: Rs4850

* PSYS reported better-than-expected operating performance in Q4. Revenues grew 9.1% QoQ/42.2% YoY (6.8%/36% organic) to USD217.3mn on the back of strong consistent growth in the Services business (14.7% QoQ). EBITM was flat sequentially at 14%.

* Revenue growth was broad-based across BFSI (9.8% QoQ), Healthcare & Life Sciences (9.1%) and Software, Hi-tech & Emerging industries (8.7%). Order booking stood at USD361mn (1.7x book-to-bill) in TCV, including USD195.1mn of new business TCV.

* Services revenues grew 14.7% QoQ to USD198mn, driven by 10.8% volume growth. Services has posted an ~11% CQGR in the last four quarters, and management remains confident of sustaining growth momentum. IP-led revenues declined 27% QoQ largely due to the restructuring of the CE/CLM IP deal with IBM to a T&M services model.

* We raise our FY23/FY24 EPS estimates by 6.5%/4.9%, factoring in Q4 performance, integration of the Media Agility acquisition and higher EBITM assumptions. We maintain Buy with a TP of Rs4,850 at 35x Mar'24E EPS (earlier Rs4,600), considering favorable industry tailwinds and a strong earnings trajectory (~24% EPS CAGR over FY22-24E).

LTI Achieves Premier Partner Status In The AWS Partner Network

* Also attains AWS IoT Competency and AWS Energy Competency

Larsen & Toubro Infotech (BSE: 540005, NSE: LTI), a global technology consulting and digital solutions company, has achieved Premier Partner Status in the AWS Partner Network (APN), an Amazon Web Services (AWS) global community of partners that leverages programs, expertise, and resources to build, market, and sell customer offerings. LTI achieved this recognition for its expertise in assisting enterprises achieve their cloud technology goals across complex customer landscapes.

As a Premier Consulting Partner, LTI has demonstrated the ability to help enterprises harness the full potential that AWS has to offer and accelerate their journey in the cloud. Achieving Premier Consulting Partner status differentiates LTI as an AWS partner with deep expertise and success in helping customers design, architect, build, migrate, and manage their workloads on AWS.

Recently, LTI also achieved the AWS Energy Competency and AWS IoT Competency for helping customers optimize the entire value chain including geophysical and reservoir analysis, production operations and optimization, pipeline operations, and optimization of solar and wind renewable power generation. AWS Competency Partners are vetted and validated against various benchmarks to achieve the prestigious designation.

Sanjay Jalona, CEO & Managing Director, LTI, said, “We are proud to receive Premier Consulting Partner status in the AWS Partner Network. LTI enables digital transformation to offer enterprises automated and scalable paths to achieve true cloud innovation. Completing the rigorous process of demonstrating our AWS expertise, including the extensive accreditation and certification process; shows that our team is dedicated to helping companies achieve their technology goals by taking advantage of the agility, breadth of services, and pace of innovation available in AWS.”

“We are pleased to recognize LTI as an AWS Premier Consulting Partner,” said Chris Sullivan, Global Director, WW System Integrators & Strategic Alliances at Amazon Web Services (AWS). “LTI is helping enterprises around the world accelerate their migration and modernization journeys. Their achievements demonstrate our mutual commitment to help customers transform their business with the scale, security and agility of AWS”.

James Harrison, Senior Vice President, Global Infrastructure and Cloud Operations at ViacomCBS, said,“We at Paramount congratulate LTI on their AWS Premier Consulting Partner status achievement. LTI is an important partner in our cloud adoption strategy, and they display a superior understanding of the AWS services portfolio and the ability to leverage their ecosystem. We look forward to working with LTI & AWS in our ambitious cloud journey."

In order to become an AWS Premier Partner, companies complete a rigorous approval process through accreditations and certifications, and demonstrate a long-term investment in their relationship with AWS, with a must-have extensive expertise in deploying customer solutions in AWS. LTI has previously attained AWS competencies for DevOps, Migration, Data & Analytics, Financial Services, Machine Learning, Microsoft Workloads, and SAP.

About LTI:

LTI (NSE: LTI) is a global technology consulting and digital solutions Company helping more than 485 clients succeed in a converging world. With operations in 33 countries, we go the extra mile for our clients and accelerate their digital transformation journeys. Founded in 1997 as a subsidiary of Larsen & Toubro Limited, our unique heritage gives us unrivalled real-world expertise to solve the most complex challenges of enterprises across all industries. Each day, our team of more than 45,000 LTItes enable our clients to improve the effectiveness of their business and technology operations and deliver value to their customers, employees and shareholders. Find more at http://www.Lntinfotech.com or follow us at @LTI_Global.

Role Of Credit Report And Score For Home Loan Eligibility? What Are The Top Reasons For A Poor Credit Score?

When you seek a loan, the financial institution screens your credit report to evaluate the amount of credit you are eligible for and the amount that you can service. This document gives the lender an insight into your identity, your credit history (the loans you have taken in the past), your ongoing credit accounts, payments, recent enquiries for more credit, and of course, your credit score.  

A good credit score will vouch for you in many ways when it comes to getting a credit card, a car loan, home mortgage and so on. Neeraj Dhawan, Managing Director, Experian India said, ‘’Your credit score - a three-digit number – is derived from detailed analysis of your credit history which includes every major financial step, your overall behaviour in handling money and other valuable assets that you have created besides your general attitude towards financial obligations, including your utility payments.’’ 

Top reasons for a poor Credit score: 

Delayed repayments: When borrowers delay in making repayments, it leads to poor credit score. If you have consistently delayed making payments, it can affect your credit score. The more the number of delayed payments the higher the impact on credit score to drop down.  

Multiple loans: Multiple ongoing loans might also affect the credit score as it will increase the debt burden and hamper the ability to repay. 

Not having a long credit history: Having a long credit history helps maintain your credit score. If possible, you should keep your old credit cards open rather than closing it to enable you to capitalize on the years of good credit history and repayment behaviour. 

Applying for multiple loans or credit cards: Applying for multiple loans or credit cards sends out a message that you are desperate for credit. It is advisable to space out your credit card and loan applications instead of applying at the same time. To avoid triggering hard inquiries due to multiple credit applications, you can download your free Experian credit report and share it with the lending institutions.  

Not reviewing your credit report: A credit report is a summary of all your personal information, credit transactions, credit accounts, and repayments. Any discrepancy in your credit report can bring down your credit score. In order to ensure factual accuracy in your credit report, it is advisable to check your free Experian Credit Report and Score regularly. To avail of your free, unlimited Experian credit report, visit www.experian.in.   

Life Insurance Corporation of India’s IPO Open From May 4-9, Sets Price Band At Rs 902 To Rs 949 Per Equity Share

·         Price Band of Rs 902 – Rs 949 per equity share bearing face value of Rs 10 each (“Equity Shares”).

·         Discount - Rs 45 per Equity Share to Retail and Eligible Employee Category and Rs 60 per Equity Share to Policyholder Category

·         Bid/Offer Opening Date – Wednesday, 4 May, 2022 and Bid/Offer Closing Date – Monday, 9 May, 2022.

·         Minimum Bid Lot is 15 Equity Shares and in multiples of 15 Equity Shares thereafter.

·         The Floor Price is 90.2 times the face value of the Equity Share and the Cap Price is 94.9 times the face value of the Equity Share.

Life Insurance Corporation of India (“LIC” or the “Corporation”) has fixed the price band at Rs 902 to Rs 949 per Equity Share for its maiden public offer. The initial public offering (“IPO”) of the Corporation will open on Wednesday, 4 May, 2022 for subscription and close on Monday, 9 May, 2022. Investors can bid for a minimum of 15 Equity Shares and in multiples of 15 Equity Shares thereafter.

The IPO is through an offer-for-sale (“OFS”) of up to 221,374,920 Equity Shares by the President of India, acting through the Ministry of Finance, Government of India ("Selling Shareholder") (“Offer”). The Offer includes a reservation for Eligible Employees and Eligible Policyholders.

LIC, India's largest life insurer, had a market share of 61.6% in terms of premiums or GWP, 61.4% in terms of New Business Premium (or NBP), 71.8% in terms of number of individual policies issued, and 88.8% in terms of number of group policies issued, for the nine months ended December 31, 2021 (Source: the CRISIL Report).

LIC was formed by merging and nationalizing 245 private life insurance companies in India on September 1, 1956, with an initial capital of Rs 50.00 million. LIC is the fifth largest life insurer globally by GWP (comparing LIC’s life insurance premium for Fiscal 2021 to its global peers’ life insurance premium for 2020) (source: the CRISIL Report) and the largest asset manager in the country as at December 31, 2021 (source: the CRISIL Report), with an established track record of financial performance and profitable growth. As at December 31, 2021, the Corporation covered 91% of all districts in India and had the largest individual agency network among life insurance entities in India, comprising approximately 1.33 million individual agents.

LIC’s individual product portfolio in India comprises 32 individual products (16 participating products and 16 non-participating products) and seven individual optional rider benefits. LIC’s group product portfolio in India comprises 11 group products. Customers in the age bracket 27 to 40 years old accounted for approximately 42% and 42% of individual policies sold in Fiscal 2021 and the nine months ended December 31, 2021, respectively. LIC’s omni-channel distribution platform for individual products currently comprises (i) individual agents, (ii) bancassurance partners, (iii) alternate channels (corporate agents, brokers and insurance marketing firms), (iv) digital sales (through a portal on our Corporation’s website), (v) Micro Insurance agents and (vi) Point of Sales Persons – Life Insurance.

LIC and the Selling Shareholder may, in consultation with the book running lead managers to the Offer, consider participation by Anchor Investors in accordance with the SEBI ICDR Regulations, whose participation shall be one Working Day prior to the Bid/Offer Opening Date, i.e., Monday, 2nd May, 2022. The Offer is being made in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process, in terms of Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Net Offer shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the Net Offer shall be available for allocation to Non-Institutional Bidders and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Bidders.  The Offer includes a reservation of 0.025% of the Post-Offer paid up Equity Share capital for Eligible Employees and 0.35% of the Post-Offer paid-up Equity Share capital for Eligible Policyholders.

All capitalized terms used herein and not specifically defined shall have the same meaning as ascribed to them in the red herring prospectus dated 26th April, 2022 (“RHP”) filed with SEBI and the stock exchanges.

Photo caption (L-R) - S Ramesh (MD & CEO, Kotak Mahindra capital company Ltd),  Amit Agrawal (ADDLLL Secretary DFS),  M.R Kumar (Chairperson, LIC), Tuhin Kanta Pandey (Secretary DIPAM), Dr. Alok Pande (Joint secretary DIPAM), Sanjoy Chatterjee (Chairman & CEO Goldman Sachs India Security Pvt. Ltd).