NSDC Partners HCLTech To Transform Job Markets From Qualification-Based To Skill-Based Hiring

Aligned with the vision of the Hon’ble Prime Minister, Shri Narendra Modi, to empower India’s youth through digital technology and Artificial Intelligence (AI), the National Skill Development Corporation (NSDC) has entered into a partnership with HCLTech to bridge the skills gap, particularly in the tech and engineering sectors. Under this collaboration, both the organizations will work together to promote the adoption of technology among learners from diverse backgrounds and explore new global markets and business opportunities.

The agreement was exchanged by Ved Mani Tiwari, CEO, NSDC and C Vijayakumar, CEO & Managing Director, HCLTech. This partnership comes shortly after the recent G20's Digital Economy Working Group (DEWG) meeting, which achieved consensus on deliverables in three discussion areas: Digital Skilling, Digital Economy, and Digital Public Infrastructure.

This strategic partnership will enable NSDC and HCLTech to jointly transform the assessment landscape and digital learning by introducing digital assessments in tech and non-tech-based courses (B2B & B2C). There is also scope for collaborating on the creation of new products and programs to enhance talent with flexibility and scale. Additionally, to ensure that every Indian has access to quality training, the focus will be on enhancing the impact of learning by jointly developing and offering industry-relevant resources and tools. Under the partnership, the vision to add new dimension in assessment for setting standards in digital learning indicates the keenness of both the organizations to provide a regular check in learning and augment access to technology.

Praising this initiative, Ved Mani Tiwari, CEO, NSDC, said, “NSDC and HCLTech are entering into this partnership with a commitment to enhance the trust in job markets. Both organizations will jointly develop an assessment platform where students and working professionals can get themselves assessed and certified for skills in demand. This is a significant step towards moving from qualification-based hiring to skill-based hiring. Both parties will also collaborate to offer reskilling, upskilling online courses to prepare for opportunities in a dynamic job market.”

It is estimated that the assessments market is expected to grow to $10B+ by 2027.  North America accounted for the largest (~40%) revenue share in 2021. Europe plays a significant role in international employability and rate of employment, hence contributing to the growing share in assessment services market. APAC market is expected to register the fastest revenue growth during the forecast period

As part of the agreement, NSDC and HCLTech will jointly leverage each other’s technical and domain expertise in the Assessment platform, Assessment & hiring test (both tech and non-tech), Smart labs (coding and data science), Learning programs, Faculty development & certification programs, and Advisory services for government and institutions.

Additionally, both parties will also collaborate in creating joint IPs for digitalizing and digitizing assessments, covering the wider landscape of skilling as well as educational ecosystem and engage in advisory services and positioning tech solutions.

Commenting on the occasion, Srimathi Shivashankar, Corporate Vice President and Global Head, EdTech Business, HCLTech, said, “We are delighted to join forces with NSDC to leverage digital technologies to build a future-ready talent ecosystem for India and the rest of the world. I am confident that HCLTech’s proven Career Shaper learning and assessments platforms and NSDC experience in talent and nation building can make a significant impact in how technology can be smartly used for skilling.” 

Under its EdTech Business, HCLTech leverages its vast experience to assist governments, enterprises and educational institutions in establishing technology and talent skill academies through its Career Shaper learning and assessment platforms.

NSDC, operating under the aegis of the Ministry of Skill Development and Entrepreneurship, is actively advancing digital skills for India's youth by integrating technology into skill development. Online learning platforms and digital resources have been introduced, making training materials more accessible and adaptable to changing industry trends.

NSDC's digital learning initiatives collaborate with Indian and global partners, offering access to over 1.4 lakh minutes of multi lingual digital content in various sectors.This extensive resource pool equips learners with the necessary digital skills for today's rapidly transforming world. Furthermore, NSDC's partnerships with industry leaders have resulted in industry-specific skill development programs, aligning training with industry needs and improving the quality of training while enhancing employment prospects for candidates. These collaborations bridge the gap between education and employment in the digital age, promoting India's digital skills revolution.

The recently launched Skill India Digital (SID) is one such platform that will play a pivotal role in transforming India into a thriving digital economy. This initiative coincides with the global consensus on Digital Public Infrastructures (DPI) during India's G20 presidency. The platform will also prepare the younger generation for international job opportunities, aligning with the vision of the Hon’ble Prime Minister, Shri Narendra Modi, to make India a global skill hub.

About NSDC

Giving boost to Indian Government Skill India Mission, NSDC, a nodal skill development agency, working under the Ministry of Skill Development & Entrepreneurship (MSDE), Government of India, is a unique Public Private Partnership (PPP) that aims to catalyze the creation of a large and quality vocational training ecosystem in India. Since inception, NSDC has trained over three crore people in different sectors through its collaboration with training partners pan India. NSDC has established 37 Sector Skill Councils (SSCs) and implements the Government’s flagship skill development schemes such as Pradhan Mantri Kaushal Vikas Yojana (PMKVY), National Apprenticeship Promotion Scheme (NAPS), among others. NSDC also funds enterprises, companies and organizations that provide skill training. The organization enables private-sector capacity building in skill development by offering concessional loans, other innovative financial products, and strategic partnerships. For more information,  visit at https://nsdcindia.org

About HCLTech

HCLTech is a global technology company, home to more than 221,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services. Consolidated revenues as of 12 months ending September 2023 totaled $12.9 billion. To learn how we can supercharge progress for you, visit hcltech.com.

Bank of Baroda Presented A Contribution Of Rs. 3 lakh Each To "Sneha Jyothi Orphan Children’s Home And Bangalore Hospice Trust"

* Bank of Baroda Announces CSR Initiatives n Bengaluru  

Bank of Baroda (Bank), one of India’s leading public sector banks, rolled out various Corporate Social Responsibility (CSR) initiatives in Bengaluru. During his visit to Bengaluru zone, Shri Debadatta Chand, Managing Director & Chief Executive Officer, Bank of Baroda presented a contribution of Rs. 3 lakh each to Sneha Jyothi Orphan Children’s Home and Bangalore Hospice Trust.  

Sneha Jyothi Orphan Children’s Home provides education, food and shelter to orphan children in Bengaluru. Bangalore Hospice Trust is a non-profit charitable trust providing professional palliative care (free of cost) to advanced stage cancer patients.  

In addition, Shri Chand also presented a 500 LPH RO Plant to Govt Higher Primary School, Yentaganahalli. He also flagged off two Bolero Safari Vehicles, sponsored by Bank of Baroda, to Bengaluru Bannerghatta Biological Park. These vehicles will be utilised in the Park to provide safari rides to the general public at the park.   

About Bank of Baroda 

Founded on 20th July, 1908 by Sir Maharaja Sayajirao Gaekwad III, Bank of Baroda is one of the leading commercial banks in India. At 63.97% stake, it is majorly owned by the Government of India. The Bank serves its global customer base of ~165 million through over 70,000 touch points spread across 17 countries in five continents and through its various digital banking platforms, which provide all banking products and services in a seamless and hassle-free manner. The Bank’s vision matches the aspirations of its diverse clientele base and seeks to instil a sense of trust and security in all their dealings with the Bank. 

Visit us at www.bankofbaroda.in  

Facebook https://www.facebook.com/bankofbaroda/ 

Twitter https://twitter.com/bankofbaroda 

Instagram https://www.instagram.com/officialbankofbaroda/ 

YouTube https://www.youtube.com/channel/UCdf14FHPLt7omkE9CmyrVHA  

LinkedIn https://www.linkedin.com/company/bankofbaroda/ 

Mahindra Launches New Jeeto Strong With Enhanced Payload Capacity, Best-In-Segment Mileage

·         A higher payload capacity of 815 kg in diesel and 750 kg in CNG – up by 100 kg

·         Jeeto Strong offers a best-in-segment mileage of 32.00 km/l in diesel and 35.00 km/kg in CNG.

·         Attractive price of ?. 5.28 Lakh for diesel and ?. 5.55 Lakh for CNG, ex-showroom Pune.

·         Electric vacuum pump-assisted braking system (first in a sub-2 tonne ICE cargo 4-wheeler) provides enhanced control.

·         3 Year or 72000 km warranty showcases commitment to quality and durability, ensuring lasting trust and confidence.

·         An all-new digital cluster, providing essential information at a glance, thereby enhancing the driving experience and convenience.

Mahindra Last Mile Mobility Limited (MLMML), a subsidiary of Mahindra and Mahindra, has launched the “Mahindra Jeeto Strong”. There are more than 200000 satisfied Jeeto customers in the country. The Jeeto Strong retains the core value of Jeeto brand – best-in-segment mileage – while bringing in a higher payload capacity and more features.

The Jeeto Strong is all set to redefine last mile cargo transportation. With a much-higher payload capacity of 815 kg in diesel and 750 kg in CNG, it enhances productivity. It stands out with best-in-segment mileage (32.00 km/l in diesel, 35.00 km/kg in CNG), a first in a sub-2 tonne ICE cargo 4-wheeler - electric vacuum pump-assisted braking, a user-friendly brand-new digital cluster and improved suspension. To enhance the ownership experience, Mahindra also offers free accidental insurance worth ? 10 Lakh for the driver, ensuring safety and security of its customers. Mahindra also provides an unmatched 3 Year or 72000 km warranty showcasing its commitment to quality and durability.

Jeeto Strong is a successor to the Jeeto Plus (diesel & CNG) with 100 kg additional payload than the latter. The new Jeeto Strong is attractively priced at ?. 5.28 Lakh for diesel and ?Rs 5.55 Lakh for CNG, ex-showroom Pune.

Ms. Suman Mishra, Managing Director & CEO of MLMML, said, "At Mahindra, we constantly listen to customer feedback and their evolving needs. A testimony to our commitment to constant advancement - the Jeeto Strong – with its now unmatched payload capacity, superior mileage as well as attractive pricing makes for a compelling option in its segment. It will not only transform last mile cargo delivery but also the lives of our driver partners, allowing them to deliver more, save more, and achieve more.”

About Mahindra Last Mile Mobility Limited

Mahindra Last Mile Mobility Limited is committed to the electrification of the mobility landscape, prioritising electric 3- and 4-wheelers. The company offers a wide portfolio of products in various fuel options, including 3-wheelers like Treo, Zor Grand, Alfa, and the 4-wheeler SCV - Jeeto.

Learn more about MLMML on www.mahindralastmilemobility.com / Twitter/LinkedIn (@mahindralmm), and Facebook (@MahindraLastMileMobility).

About Mahindra

Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.

Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room

Pantaloons Unveils Its New Format Shopping Experience ‘Pantaloons OnLoop’ At JP Nagar, Bengaluru

Pantaloons, India’s leading fashion brand from Aditya Birla Fashion and Retail Ltd., in a historic step towards transforming the fashion retail environment, announced the grand launch of its very first Pantaloons OnLoop store in JP Nagar, Bengaluru today.

Pantaloons OnLoop is a playful, distinctive, technology-first experiential store, designed for the young and modern customer who is seeking fun and excitement in all they do.

The new store spread over a sprawling 70,000 sq. ft. is a sensory feast, offering experiences beyond fashion, with a spectrum of 50+ fashion brands across categories of Apparel, Footwear, Watches, Sunglasses, Cosmetics, Bags and more. The store will house renowned ethnic wear brands Tasva, Jaypore alongside Pantaloons exclusive brands like Rangmanch, Akkriti, Indus Route etc. Also, present are iconic sportswear classics such as Puma and Skechers, alongside brands like GIVA, Korean skincare brand Quench, all under one roof, guaranteeing a fashion-first experience. The store also hosts the first Coco Leni eyewear store in Bengaluru.

Smart Trial Rooms, Endless Aisle, and a Customisation zone with heat transfer technology as well as options like embroidered badges, customized bag tags & more, elevate the shopping experience, allowing for seamless browsing and trying on your favourite ensembles.      

Commenting on the launch of the new concept, Sangeeta Pendurkar, CEO, Pantaloons, Style Up and Marigold Lane said, “Pantaloons has over the years become a fashion playground for the young modern shopper. Taking this to the next level, I am delighted to introduce Pantaloons OnLoop as the ‘go-to’ destination for the Gen Z, seeking all things lifestyle and fashion. Envisioned as a theatre of imagination, Pantaloons OnLoop offers the customer an unparalleled shopping experience.”

For the next generation of customers who live their lives on loop, Pantaloons OnLoop represents a destination for Fun loop that they will keep coming back to.

TASVA, The Traditional Menswear Brand Unveils AW 23 Collection Campaign Starring Ranbir Kapoor And Ananya Pandey

~ Your special day deserves a Tasva ~

With Ranbir Kapoor and Ananya Pandey as the brand ambassadors, Tasva unveils its Autumn Winter 2023 collection (https://www.youtube.com/watch?v=Sz017ewJ1T4&ab_channel=Tasva) that reimagines the essence of Indian culture and tradition, meticulously redefining the Modern Indian Man. With a splendid union between the visionary couturier Tarun Tahiliani and the consumer powerhouse, Aditya Birla Fashion & Retail Ltd., the brand emerges as a harmonious confluence of heritage, cultural opulence, and the pinnacle of artisanal craftsmanship.

The collection is a heartfelt tribute to the changing dynamics of men’s fashion in the Indian social landscape. The TV commercial, featuring the brand ambassadors, depicts the playful demeanour that marks wedding festivities today. It breaks the age-old adage of men staying aloof from wedding shopping. Instead, it invites grooms to take charge of the most important day of their lives and make choices that reflect the best that they can be.

Ecstatic at the launch, Ranbir Kapoor said, “I am absolutely thrilled to be a part of TASVA's AW campaign as it mirrors a significant change in how urban grooms are now engaging in their wedding preparations. Nowadays, grooms actively participate in every facet of the wedding, from overall planning to selecting their attire as carefully as the bride. I am excited to be representing a brand that aligns with the preferences of discerning modern Indian grooms.” Inspired by India's architectural marvels and its breathtaking natural beauty, this collection unfolds a captivating narrative adorned with a plethora of architectural, floral, and fauna motifs.

Perfectly summarising the ethos of the collection, Ananya Pandey said, “TASVA is a brand that mirrors the changing role of today's grooms. It's refreshing to witness this paradigm shift towards a modern perspective on weddings which I believe is elegantly depicted in this film from the bride's lens.”

In true Tarun Tahiliani fashion, this collection gracefully melds the heritage of traditional aesthetics with the fluid lines of contemporary design. With an admirable commitment to affordability and accessibility, this collection caters to a diverse clientele. “Ranbir and Ananya, with their great on-screen chemistry, perfectly portray today’s young generation which is increasingly taking charge while staying true to their roots. The campaign is a continuation of TASVA’s commitment to and celebration of the modern Indian man, who has redefined how he sees himself. Whether in marriage or in life, comfort, quality, and a joie de vivre must go together. He wants to have fun and we at Tasva are committed to bringing him clothes that can do just that” says Tarun Tahiliani.

This wedding season, imbue your wardrobe with the effortless charm of Tasva’s breezy kurta sets and the impeccable tailoring of their sherwanis and achkans. From versatile Indo-western ensembles to chic dinner jackets, there is a garment for every taste and occasion.

Delighted with the collection campaign launch, Mr. Ashish Mukul, Brand Head said, “Over the last year, Tasva has created a strong customer connect with its best-in-class product offering and unique store experience for Men’s Indian wear buyers. We have an exquisite range across festive occasions & wedding wear apparel and accessories for Men. We believe we are the go-to choice for the Global Indian man looking for designer wedding wear at affordable prices.”

Website - https://www.tasva.com/pages/about-tasva

International Institute of Information Technology Bangalore Celebrates Silver Jubilee Year Of Academic Excellence

The International Institute of Information Technology Bangalore (IIIT-B) marked a significant milestone by celebrating its silver jubilee year of academic excellence. Established in 1998 with a vision to contribute to the IT industry through education and research, entrepreneurship, and innovation, IIIT-B has established itself as a distinctive institution in the domain of information technology.

"Twenty-five years of dedicated pursuit of knowledge, innovation, and academic excellence have made IIIT-B an institution that truly stands apart," said Prof. Debabrata Das, Director of IIIT-Bangalore, addressing the gathering at the valedictory function of Silver Jubilee. "Our journey has been marked by a commitment to fostering research, entrepreneurship, and collaboration with industry, enabling our students to excel in the dynamic world of information technology."

IIIT-B's Silver Jubilee year highlighted several facets that set the institution apart:

1. Experiential Learning: IIIT-B emphasizes experiential learning through project electives, lab work, and internships, providing students with practical knowledge.

2. Research Excellence: The institute hosts centers of research such as the E-Health Research Centre, Centre for Data Sciences, and Centre for Information Technology and Public Policy, fostering multidisciplinary research. The EHRC that provides technical support to the he National Tele Mental Health or TELEMANAS Programme, a significant initiative, making mental health support more accessible across the country has handled over 4,00,000 calls since its launch in October 2022. The IIIT-B COMET Foundation is working to develop indigenous technologies for 5G and 6G Networks. The Centre is developing various technologies to support massive-MIMO capability in indigenous Radio Access Networks. It is also actively working to contribute the emerging 6G standards in the area of Intelligent Reflecting Surfaces.

3. Entrepreneurial Support: IIIT-B offers robust support through its Innovation Centre and startup ecosystem, encouraging students to turn their innovative ideas into viable ventures. IIIT-B has been a catalyst for innovation, fostering 60 startups, launching 80 products and generating 300+ full-time jobs. The accomplished faculty and industry-academic governance have played a key role in these achievements.

4. Global Collaboration and Presence: IIIT-B collaborates with renowned international institutions like MIT Boston, University of Berlin, and Hof University, promoting global exchange of knowledge. Modular Open Source Identity Platform (MOSIP) that developed AADHAR like platform has been rolled out in 12 countries including Morocco, Philipines and Euthopia.

5. Innovative Pedagogy: The institute's pedagogy incorporates learning management systems, automated assessments, and regular curriculum reviews, ensuring that students stay updated with the latest technological trends.

6. All-Round Development: IIIT-B goes beyond academic rigor, promoting all-round development through various clubs and committees focusing on theater, art, comics, and more.

The academia at IIIT-B has continuously evolved to keep pace with the latest trends in the IT sector. The institute's three-tier approach of program, course, and teaching distinguishes it from others, allowing students to make a significant impact on the academic field.

IIIT-B also emphasizes international exchange programs, faculty collaborations with leading universities, and industry partnerships, creating a rich learning environment for its students. The institute's strong research culture is evident through its seven research domains, which connect research to industry and society, catalyzing positive change.

The Innovation Centre at IIIT-B plays a pivotal role in supporting research, innovation, and entrepreneurship, incubating startups and commercializing intellectual property. Scholarships are awarded based on academic achievements and financial needs, ensuring that students have access to quality education.

IIIT-B's impressive placement record, with 100% placements, showcases its commitment to preparing students for successful careers in various industries. The campus provides world-class facilities, including sports amenities, a state-of-the-art library, medical services, and a vibrant campus life filled with events, conferences, and seminars.

Key Research Centers at IIIT-B, including the E-Health Research Centre, Machine Intelligence & Robotics CoE, Centre for IT & Public Policy, IIIT-B Innovation Centre, and Modular Open Source Identity Platform (MOSIP), have contributed significantly to research and innovation in their respective domains. As IIIT-B celebrates its silver jubilee, it looks forward to continuing its journey of excellence, innovation, and collaboration with industry and academia.

About IIIT-Bangalore

IIIT-Bangalore is a premier institute focused on Post-Graduate IT education and research, located in the heart of Electronic City, Bangalore. IIIT-Bangalore is graded A+ by National Assessment and Accreditation Council (NAAC). In the National Institutional Ranking Framework (NIRF) for 2022, IIIT-B has secured 74th ranking. The institute was ranked number 1 among India's Best Technical Universities (Private) by India Today. IIIT-Bangalore contains state-of-the-art infrastructure, eminently qualified faculty, a vibrant alumni community, cutting-edge research facilities, and close industry collaborations.

The institute’s specially designed courses make the students cognitive of the current technologies. Experiential learning and practices followed in the institute equip them with the tools and knowledge to solve contemporary real problems. IIIT-Bangalore has consistently achieved excellent placement records every year since its establishment in 1998, thanks to the unwavering support of the industry and the expanding pool of highly skilled alumni.

For more details, log onto https://www.iiitb.ac.in

DCB Bank Announces Second Quarter FY 2024 Results

The Board of Directors of DCB Bank Ltd. (BSE: 532772: NSE:DCB) at its meeting in Mumbai on October 31, 2023, approved the unaudited financial results for quarter ended September 30, 2023 (Q2 FY 2024) along with limited review report by statutory auditors ‘Sundaram & Srinivasan, Chartered Accountants’ and ‘B S R & Co.LLP, Chartered Accountants’.

Highlights:

1) The Bank’s Profit After Tax (PAT) for Q2 FY 2024 was at INR 127 Cr. In comparison Profit After Tax for Q2 FY 2023 was at INR 112 Cr., growth of 13%.

The Bank's Profit After Tax (PAT) for H1 FY 2024 was at INR 254 Cr. In comparison Profit After Tax for H1 FY 2023 was at INR 210 Cr., growth of 21%.

2) Advances growth year-on-year was at 19% and Deposit growth year-on-year was at 23%.

3) The Gross NPA and Net NPA as on September 30, 2023 was at 3.36% and 1.28% respectively. Both Gross NPA and Net NPA declined as compared to last year.

The Provision Coverage Ratio (PCR) as on September 30, 2023 was at 75.49% and PCR without considering Gold Loans NPAs was at 76.63%.

4) Capital Adequacy continues to be strong and as on September 30, 2023, the Capital Adequacy Ratio was at 16.55% (with Tier I at 14.28% and Tier Il at 2.27% as per

Basel Ill norms).

Speaking on the Q2 FY 2024 results Mr. Murali M. Natrajan, Managing Director & CEO said, “The Bank’s growth trajectory is expected to improve further in the coming months. The market conditions have impacted Cost of Deposits/Funds and CASA balances, which is expected to stabilize in two quarters or so.”

About DCB Bank

DCB Bank Limited is a new generation private sector bank with 439 branches across 20 states and 2 union territories. It is a scheduled commercial bank regulated by the Reserve Bank of India. It is professionally managed and governed. DCB Bank has contemporary technology and infrastructure, including state-of-the-art India’s first Aadhaar number & fingerprint based biometric ATMs, and internet banking for personal as well as business banking customers.

The Bank’s business segments are Retail, micro-SMEs, SMEs, mid-Corporate, Microfinance Institutions (MFI), Agriculture, Commodities, Government, Public Sector, Indian Banks, Co- operative Banks and Non-Banking Finance Companies (NBFC). DCB Bank has more than 10,00,000 active customers.