upGrad Acquires WOLVES Recruitment Firm To Become The Largest Tech-Talent Powerhouse

 
~ WOLVES India will operate independently as a 100% subsidiary of upGrad Rekrut and strengthen its Tech placement portfolio ~

upGrad Rekrut a 100% subsidiary of global higher-Ed major upGrad announced the acquisition of WOLVES India, a Recruitment and Staffing firm for an undisclosed amount.  

The Bengaluru-based 7-year-old WOLVES India specialises in placing high-quality Tech talent across startups, along with mid and large-sized organisations in India and overseas. With 70 professionals, WOLVES has closed over 5000 placements in technology and product roles. 

It has also been addressing complex hiring challenges across the aero-space segment through its proprietary product - Quasara, thus helping global businesses to set up their offshore centres. 

Commenting on the development, upGrad Co-founder & MD, Mayank Kumar said, “Our acquisitions reflect our commitment to drive career outcomes for our learners. While with upGrad Rekrut we saw our learners receiving record-breaking CTCs during FY22, the joining of WOLVES India will give us an edge in the tech ecosystem. It shall foster wider employment opportunities for our learners in the form of highly paid tech roles and enhanced career acceleration.” 

The Tech industry in India will continue to observe steady demand for skilled talent and is expected to become a $350 billion market by FY26. “We are thrilled to welcome Raghu and his team on board to partner with upGrad Rekrut to offer an enhanced placement portfolio, thus enabling upGrad learners with the Tech jobs of tomorrow. This aligns with our ambition of becoming the global talent superpower in the next few years,” said Ajay Shah - Managing Founder and Husain Tinwala - Co-founder of upGrad Rekrut. 

WOLVES India will continue to operate independently under the leadership of its Founder and Director Raghu S. He further added, “WOLVES’ passion lies in enabling the perfect matchmaking between corporates and the right set of talent through analytics, market research and innovative strategies. Therefore, I’m confident that WOLVES India will support upGrad to present world-class tech job opportunities to its learners and together with upGrad Rekrut create a market leader in Tech hiring.”

About upGrad 

upGrad - started in 2015 is a pioneer in the online education revolution, focused on powering career success for a global workforce of over 1.3 billion. It is one of the few Integrated LifeLongLearning Tech Companies in the world - spanning the college learner to the working professional from the age group of 18-50 years and across Undergrad courses, Campus & Job Linked Programs, Studying Abroad, short form to executive programs to Degrees, Masters and Doctoral - with a learner base of over 3 million across 100+ countries and over 300 University partners and a robust enterprise business with a client base of 1000 companies worldwide.upGrad’s Global Learning Engine rests on four pillars - (a) its large repository of original & owned content and IP, (b) its own best-in-class proprietary tech platform, (c) it's high touch human-led delivery service backed by coaches & mentors, and (d) an 85% course completion track record, backed by a further 80% career outcomes guaranteed performance. Already termed Asia’s higher EdTech leader it has offices in the UK, U.S., Middle East, India, Singapore & Vietnam, and with a presence in many more countries.

Vedanta Collaborates With IIT Madras Incubated Start-Up For AI Based Safety Technologies

-  Company implementing AI-based safety monitoring as part of its commitment to Zero Harm

Vedanta, India’s leading producer of metals and oil & gas, has teamed up with Detect Technologies, an IIT Madras incubated start-up which is a winner of the Vedanta Spark program, to implement AI based safety incident detection by deploying T-Pulse® HSSE Monitoring System across all Vedanta business units.

The collaboration is in line with Vedanta Group’s commitment to Zero Harm by implementing AI enabled safety monitoring of workplaces which is a key initiative in its digital transformation roadmap.

Vedanta Group CEO Sunil Duggal said: “This partnership will further augment Vedanta's capabilities on technology led safety enablement. Detect Technologies' AI and computer vision solutions will help us enhance our digital safety monitoring across all business units."

The solution will utilize and detect Vedanta’s infrastructure for relaying and analyzing feeds and dashboard reporting. The module will be implemented to identify Unsafe Acts & Conditions under various categories such as Job Safety/ Hazard Communication, Work at Height, Traffic Interference & Vehicle Safety etc.

T-Pulse® offers centralized and scalable technology stack designed for plug and play deployment. Engineered for risk minimization and mitigation through actionable insights, T-Pulse® has witnessed proliferated deployment across major caution intensive workplaces such as construction, petrochemicals, logistics, power, metals, mining, pharmaceuticals, and fabrication yard. In deployment across Vedanta facilities, it has been instrumental in augmenting compliance by enabling effective responses in environments ranging from onshore drilling to Zinc manufacturing.

Detect Technologies is an IIT Madras incubated start-up and the winner of Vedanta SPARK 1.O initiative. It is a leading Industrial AI enterprise, offering SaaS based solutions primed at re-engineering and automating industrial processes to achieve 100% safety compliance and zero downtime of assets.

Vedanta Spark is a global corporate innovation, accelerator and ventures program which aims to enable start-ups that leverage transformative and sustainable technologies to create large-scale impact in partnership with group companies of Vedanta. Last month, Vedanta rolled out the SPARK 2.O accelerator program for start-ups with a focus on driving sustainable digital transformation in the natural resources sector.

About Vedanta Limited:

Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner and has pledged $5 billion over the next 10 years to accelerate the transition to net zero operations. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. The company’s flagship social impact program, Nand Ghars, have been set up as model anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Under the aegis of the Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, the Vedanta group has pledged Rs 5000 crore over the next five years on social impact programs with a thrust on nutrition, women & child development, healthcare, animal welfare, and grass-root level sports. Vedanta and the group companies company have been featured in Dow Jones Sustainability Index 2020, and was conferred Frost & Sullivan Sustainability Awards 2020, CII Environmental Best Practices Award 2020, ICSI National Award 2020 for excellence in Corporate Governance, People First HR Excellence Award 2020 and certified as a Great Place to Work 2021 & 2022. Vedanta’s flagship Nand Ghar Project was identified as best CSR project by Government of Rajasthan. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.

Young Baker To Host Haking Fundraiser To Help Badminton Player See Success In World Ranking

Vinusha MK, a 12-year-old chef from Chennai is one of the youngest, creative minds who runs a bakery called Four Seasons, inspired by the four seasons around the year.

She has initiated an interactive fundraiser on Milaap 360, the newest holisitic online giving solution from Milaap to help Hruitvik Ambekar, an international badminton athlete to reach a higher world ranking in Badminton. Vinusha has worked with Milaap, India’s largest crowdfunding platform, to conduct a fundraiser baking class two years ago. At that point all the proceeds went towards helping the street vendors of Chennai who lost their jobs owing to the COVID pandemic and the lockdown.

The teenage entrepreneur who mostly runs the cafe from home, is hosting a fundraising baking workshop on Milaap 360, an “all-in-one” fundraising platform this Saturday July 16 at 4pm. Vinusha invites participation in her fundraising and requests parents of young children to help them get registered for the baking session.

Vinusha started her journey as a baker three years back, with her first attempt to bake a perfect birthday cake for her mother, on her birthday. After trying out a few more items, she hit upon the perfect recipe and consistency for baking a cake and never looked back. She also conducts live classes on social media to drive more and more people to the world of baking in addition to running her entrepreneurial venture at this tender age.

To participate in this fun session, please register at https://mlpi.milaap360.org/hruitvik/Event

Milaap 360 is designed to guarantee a hassle-free virtual fundraising experience for the online-natives of today while seamlessly integrating the traditional methods of running a fundraiser. Each organizer on the platform will have the liberty to design their own page, with their branding, content, logo, updates as per requirement.

Infiniti Mall To Offer Its Valuable Customers A Flat 50% Off Along With A Chance To Win Great Prizes

Mumbai’s premiere shopping, food & entertainment destination - Infiniti Mall is ready to commence the sale of the year. The time of the year has arrived when guests can shop more and get more with a flat 50% off on their favorite brands along with a chance to win exciting prizes and gifts.

Offers: 

Flat 50% off on your favorite brands

Details:

When: 16th July 2022 at Infiniti Mall (New Link Road, Malad West)

17th July 2022 at Infiniti Mall (Oshiwara, Andheri West)

Time: 10 am to 12 midnight 

Rewarding their customers for their constant love and support, Infiniti Mall has also announced that all inloyal members (loyalty memberships offered by Infiniti Mall) will earn 3x points on every purchase on the sale day. This offer excludes electronics and jewelry.

At Infiniti Mall (Malad), along with great discounts, customers stand a chance to win gold jewelry when they shop for Rs. 5000 and more. High spenders can get a chance to win free movie tickets. 

Come, be part of and enjoy the sale of the year at Infiniti Mall - the most preferred leisure, shopping, and entertainment destination!

Mindtree Ltd; Margins Surprised Positively; Deal Intake At Record-High

 

BUY

CMP: Rs2901  

Target Price: Rs3400

* MTCL delivered in-line revenue in Q1FY23, while margins beat estimates. Revenue grew 4.0% QoQ (CC 5.5%) to USD399.3mn, in line with our expectations. EBITDAM expanded marginally by 10bps QoQ to 21.1%, exceeding our estimate by 70bps.

* Deal wins remained solid in Q1 with a record TCV of USD570mn. Management indicated that the deal intake remains well-balanced across annuity and transformational deals, and the deal pipeline is healthy, giving confidence in growth sustainability.

* The company is confident of maintaining revenue growth momentum in Q2 and is cautiously optimistic for H2 amid macro uncertainties and difficulty in predicting clients' spending behavior. MTCL expects to sustain over 20% EBITDAM for FY23.

* We tweaked FY23E/FY24E/FY25E EPS by -0.1%/0.3%/0.4%, factoring Q1 performance. We maintain Buy with a TP of Rs3,400 at 25x Jun'24E EPS, considering strong execution, margin defense and benefits from merger synergies with LTI in the medium term.

Godrej Properties Ltd. Unveils Quantitative research report #HomeLivabilityFactors

 
Key highlights of the report:

·         80% of the homebuyers consider it important to have a home as a place to maintain their health and mental wellbeing

·         More than 80% of the home buyers prefer their homes to be surrounded by open spaces and greens, both inside and outside their house.

·         Greater emphasis on amenities and in-home set-up for work/online classes

·         Hobbies and passions gained more prominence since COVID-19 pandemic

Godrej Properties Ltd. (GPL), has unveiled a quantitative research report #HomeLivabilityFactors which underscores the fundamental shift in homebuyers’ preferences with the onset of the Covid-19 pandemic and the significant alterations that it has brought about in their preference for residential apartments.

Before the Covid-19 pandemic a lot of people were more inclined towards rental housing as homes were just considered as a place to rest and take shelter. However, there has been a value shift in this mind-set and homes are now an abode that can cater to diverse needs of homebuyers. The previous year saw a rise in millennial home ownership and spaces that were located close to essential services. Now people are more specific in their requirements and expect more than just a living space from their homes.

According to the #HomeLivabilityFactors, nearly 80% of the home buyers consider it important to have a home as a place to maintain their health and mental wellbeing. Maintaining good health and leading a healthy lifestyle is becoming an utmost priority for most homebuyers, thus the increasing demand for multifunctional spaces at home. Homebuyers are also looking for a lot of greenery in their residential units. This is also affirmed in the research where more than 80% of the homebuyers stated that they want their homes to be surrounded by open spaces and greens, both inside and outside their homes.

#HomeLivabilityFactors also unveiled that 70% of the homebuyers consider it important to have an office set-up in their home considering that most companies might adopt the hybrid working model. Furthermore, the new found time has given people the opportunity to pursue their hobbies, 69% of the respondents feel that their home is a place to develop their hobbies and passions. From work stations, study rooms, gym spaces, play areas, better lighting for video calls, well-ventilated rooms, and more, individuals are in search of larger and spacious homes which can fulfil the needs of each family member.

Mr. Rakesh Kumar, Chief Design Officer, Godrej Properties, said, “Homebuyers are now going beyond the basic checklist and are on the lookout for very specific, custom-designed, and smart homes which are not only technologically evolved but offer contemporary facilities in terms of safety, security, and more. Home life is now centred around health and wellbeing which has led to a strong significance for an open and safe living environment.”

About Godrej Properties Limited

Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines a 125-year legacy of excellence and trust with a commitment to cutting edge design, technology, and sustainability. In FY 2021, Godrej Properties emerged as the largest developer in India by the value and volume of residential sales achieved. Godrej Properties has deeply focused on sustainable development. In 2010, GPL committed that all of its developments would be third party certified green buildings. In 2020 and again in 2021, the Global Real Estate Sustainability Benchmark ranked GPL #1 globally amongst listed residential developers for its sustainability and governance practices. In 2017, GPL was one of the founding partners of the Sustainable Housing Leadership Consortium (SHLC), whose mission is to spread sustainable development practices across the Indian real estate sector. In recent years, Godrej Properties has received over 300 awards and recognitions, including the Porter Prize 2019, The Most Trusted Real Estate Brand in the 2019 Brand Trust Report, Builder of the Year at the CNBC-Awaaz Real Estate Awards 2019, and The Economic Times Best Real Estate Brand 2018.

Flipkart And CarDekho Partner To Bring Comprehensive “Auto Experience For Flipkart Customers”

~ Through a strategic partnership, CarDekho will extend their tech-enabled auto discovery and comparison options for Flipkart’s ~400m users 

Flipkart, India’s homegrown e-commerce marketplace, and Girnarsoft, parent company of India’s leading auto search and discovery portals - CarDekho and BikeDekho announced a strategic partnership wherein innovative tools, selections and automobile content such as detailed specs, prices, comparisons and more will be made available on the Flipkart app and mobile website.  

Flipkart is strengthening its focus on the auto category which currently covers accessories, select auto services, automobile spare parts and insurance options. This collaboration with Girnarsoft will allow its users across the country to make informed auto decisions aided by search, research, and comparisons. The interface for Flipkart’s automobile section has been designed to ensure easy navigation, discovery and seamlessness in journey completions.  

Speaking on the collaboration, Sankalp Mehrotra, Vice President - Monetisation, Flipkart, said, "Our association with Girnarsoft is aligned with our customer-centric approach to bring them the best choices, through technology-first measures. With over 400 million users on Flipkart, we are able to draw a deep understanding of their journeys. Our association with Girnarsoft will provide our customers with greater choices and selection in the auto category, as they go through their Car and 2-wheeler explorations. Users will be able to discover and learn more about the vehicle of their choice. This handshake is another step in democratizing access for customers" 

Mayank Jain, CEO - New Auto Business, Girnarsoft, said, “This partnership with Flipkart allows us to offer our proprietary auto search and discovery services to a new and larger set of audience in the country. Flipkart’s reach and our strength in auto-tech solutions together will enable seamless vehicle discovery, research and buying experience for these users. This partnership takes us closer to CarDekho's vision of disrupting the personal mobility space in India.” 

With the growing adoption of e-commerce, this alliance will play a pivotal role in facilitating OEMs and dealerships of all sizes to grow their business, while solving for the growing needs of millions of customers across India.