J&Ks new startup policy to boost entrepreneurial spirit in students, women and HNIs. All you need to know

The Jammu and Kashmir administration, chaired by Lieutenant Governor Manoj Sinha, on February 23 gave the nod to a fresh startup policy aimed at establishing 2,000 new startups in the Union Territory by 2027, an official spokesperson told PTI.The newly approved policy focuses on providing entrepreneurship support facilities to students, women, and entrepreneurs. Support will be extended through government, private entities, and high-net-worth individuals (HNIs) to facilitate the setup of startups, it added. The Administrative Council (AC) convened under the chairmanship of Lieutenant Governor Manoj Sinha approved the J&K startup policy 2024-27, superseding the policy announced in 2018.As part of the initiative, the Jammu and Kashmir administration plans to establish a Venture Capital Fund of ₹250 crore. An initial capital injection of up to ₹25 crore will be infused into the fund. The venture capital fund will primarily invest in recognised startups within J&K. Detailed modalities for the fund's creation and usage will be worked out in consultation with the finance department.The J&K Entrepreneurship Development Institute (JKEDI) is expected to develop a mechanism for the allotment of land to startups displaying significant growth potential.Furthermore, one-time assistance in the form of seed funding, up to ₹20 lakh (provided in four equal instalments), will be offered to startups recognised by JKEDI. This seed funding support will have a cap of 25 startups per year, aligning with budget constraints and the goal of effectively supporting a manageable number of startups.The government aims to establish 2,000 startups over the next three years. While prioritising quantity, the administration emphasises supporting a smaller number of carefully selected startups with seed funding. To ensure effective implementation, a high-powered committee, led by the chief secretary, will monitor the scheme's progress. Additionally, a task force committee, headed by the administrative secretary of Industries and Commerce, will oversee the day-to-day implementation of the startup policy.The decision to revamp the existing startup policy stems from the administration's commitment to nurturing and inspiring entrepreneurial talent in Jammu and Kashmir, the official told PTI.  

NBCC stock jumps over 3% after signing MoUs with HUDCO

NBCC (India) has entered into two memorandum of understanding (MoU) with Housing and Urban Development Corporation Limited (HUDCO). NBCC stock surged 3.95 per cent on the NSE as of 11.32 am on Thursday to trade at ₹144.70. The MoUs pertain to reinforcing cooperation and collaboration to leverage respective strengths for the effective implementation of consultancy services and for the effective implementation of asset monetisation activities. In addition, NBCC had obtained the in-principle approval from Greater Noida Authority for the development of unused and purchasable FAR in furtherance of five existing projects of Amrapali valued at ₹10,000 crore.The stock had earlier hit a 52-week high on February 5, 2024, at ₹176.85.Meanwhile, HUDCO stock traded at ₹195 on the NSE, down by 0.43 per cent.    

Stage to get cleared for Hindujas to hike stake in IndusInd Bank

Nearly a year after making a formal application to the Reserve Bank of India (RBI) for hiking stake in IndusInd Bank, the Hinduja Group is expected to get a go-ahead from the banking regulator. According to sources aware of the matter, the approvals to increase stake in the bank is likely to come through by end of this fiscal. IndusInd International Holdings Ltd, promoted by Ashok Hinduja, and its affiliate entity collectively hold around 16.5 per cent stake in IndusInd Bank. This can be increased to 26 per cent once the approval comes through formally.Nearly a year after making a formal application to the Reserve Bank of India (RBI) for hiking stake in IndusInd Bank, the Hinduja Group is expected to get a go-ahead from the banking regulator. According to sources aware of the matter, the approvals to increase stake in the bank is likely to come through by end of this fiscal. IndusInd International Holdings Ltd, promoted by Ashok Hinduja, and its affiliate entity collectively hold around 16.5 per cent stake in IndusInd Bank. This can be increased to 26 per cent once the approval comes through formally.      

KVS Manian Appointed As Kotak Mahindra Bank’s New JMD

"Private lender Kotak Mahindra Bank made some significant leadership changes public on March 1, including naming KVS Manian as JMD (Joint Managing Director). Kotak Mahindra Bank, a private sector lender, recently revealed notable leadership changes that indicate a strategic change inside the company. KVS Manian Has Been Promoted to Co-Managing Director - Kotak Mahindra Bank redesigned KVS Manian, a seasoned executive with almost three decades of experience inside the organization, as the joint managing director with effect from March 1st. Manian has a plethora of experience, having graduated from the esteemed Indian Institutes of Technology (BHU) in Varanasi with degrees in both financial management and electrical engineering. Ekambaram Shanti Deputy Managing Director appointed With more than three decades of experience at Kotak Mahindra Bank, Shanti Ekambaram is a valuable addition to Manian's executive team. Ekambaram, who holds certifications as a Cost and Works Accountant and Chartered Accountant, and has a history in commerce, is a valuable addition to the bank's leadership team as deputy managing director. Chief Financial Officer Devang Gheewalla is appointed Devang Gheewalla will take over as chief financial officer in April, replacing Jaimin Bhatt in that position. Gheewalla will bring his vast financial experience to the forefront of Kotak Mahindra Bank's operations with this appointment, which also designates him as the president and group chief financial officer. To Take Over as Chief Operating Officer Is Milind Nagnur Milind Nagnur, the current chief technology officer, will assume the additional role of chief operating officer in April as part of a calculated drive to improve operational efficiency. The bank's dedication to utilizing technology and strengthening cybersecurity measures is demonstrated by Nagnur's dual function. Paul Parambi Becomes the Chief Risk Officer of the Group Paul Parambi has been named as the group chief risk officer by Kotak Mahindra Bank, with effect from March, in recognition of the vital necessity of risk management. The bank's risk management system Growth and Continuity under Ashok Vaswani, the New CEO The appointment of Ashok Vaswani as the new CEO, succeeding founder Uday Kotak, prompted a reorganization of the leadership. Former Barclays veteran Vaswani took office on January 1st after the Reserve Bank of India approved his three-year appointment. His direction lays the groundwork for Kotak Mahindra Bank to continue expanding and innovating. "

Pradeep Kumar Sinha Appointed as Non-Executive Part-time Chairman of ICICI Bank

"ICICI Bank authorized Mr. Pradeep Kumar Sinha's appointment as an Additional (Independent) Director for a term of five years at a recent board meeting. At a recent board meeting, ICICI Bank announced the appointment of Mr. Pradeep Kumar Sinha as Non-Executive Part-Time Chairman. With effect from June 30, 2024, this decision comes after the present Chairman, Mr. G. C. Chaturvedi, announced his retirement. Appointment at ICICI Bank authorized for a five-year term, subject to shareholder approval, as an Additional (Independent) Director, effective immediately. Designated as the Non-Executive Part-time Chairman, succeeding Mr. G. C. Chaturvedi, effective July 1, 2024, or upon RBI approval will take over in this role until February 16, 2029, covering Mr. Chaturvedi's retirement. Context Throughout his remarkable forty-year career, Mr. Pradeep Kumar Sinha has served in the Indian Administrative Service (IAS). He obtained his M. Phil in Social Sciences and has a Masters of Economics from the Delhi School of Economics. He has held a number of important roles during his career, including the position of Cabinet Secretary, which is the highest senior civil servant in India, for more than four years. He has worked in government ministries for a long time, mostly in the Power and Oil & Gas industries. Career Path Upon graduating from Delhi School of Economics with a master's degree in economics, he joined the Indian Administrative Service in 1977. Earned a diploma in economics with honors from Delhi's St. Stephens Collegeheld a visiting position after earning an M. Phil in the social sciences in 1991. a fellow at Oxford University in 1999. attended esteemed courses on ""Leaders in Development"" at Harvard University and ""Mergers and Acquisitions"" at Stanford University. Public Sector Employment Before joining the Government of India, they worked in the State of Uttar Pradesh in a variety of positions. held important positions for about 15 years in the Ministries of Power and Oil & Gas. held the post of Cabinet Secretary for almost four years, supervising the operation of the civil services. retired in March 2021 from the Prime Minister's Office following 44 years of devoted national service."

Nikhil Joshi Appointed As Managing Director of Boeing Defence India

"By designating Nikhil Joshi as the managing director of Boeing Defense India (BDI), Boeing has taken a big step to improve operations and forward its growth strategy in India. Nikhil Joshi's appointment as the managing director of Boeing Defense India (BDI) is a major step toward improving Boeing's operations and advancing its expansion strategy in India. By making this calculated move, Boeing is demonstrating its resolve to strengthen its position in one of the biggest defense markets globally and support India's defense forces' modernization and mission readiness initiatives. The Leadership of Nikhil Joshi: A Veteran's Return Nikhil Joshi, a resident of New Delhi, has over 25 years of experience in the aerospace and defense industries, including a notable career in the Indian Navy. He brings this wealth of knowledge to Boeing. He plays a crucial position at Boeing, leading both ongoing and upcoming initiatives that would improve the military forces of India's operating capacity. Under Joshi's direction, close cooperation between Boeing's global military and services industries is anticipated. Joshi reports directly to Salil Gupte, president of Boeing India and South Asia. An Outstanding Path. Joshi worked as the country manager for Eaton Aerospace in India before joining Boeing, where he made a big impact on growing the company's commercial reach. Among his many skills is commanding frontline ships and aviation squadrons, in addition to more than 4,000 hours spent in the air on different types of maritime reconnaissance aircraft. Joshi's varied background makes him a perfect leader to guide BDI toward its lofty goals in India. Boeing's History and Promise in India bolstering the Indian military arsenal. The fact that Boeing has maintained a partnership with India for more than 80 years shows how committed the firm has been to the nation's aerospace and defense industries. The strategic significance of this alliance is demonstrated by India's defense arsenal, which includes a variety of Boeing platforms, including C-17s, AH-64 Apaches, CH-47 Chinooks, P-8Is, VVIP, and Head of State aircraft. centered on the creation of sustainable value Boeing is deeply committed to India's larger aerospace ecosystem in addition to its sales efforts there. This entails cultivating regional vendors, forming partnerships in academia and research, and building a strong supply chain that presently counts over 310 regional businesses as members. A key component of this strategy is Boeing's joint venture, which produces vertical fin structures for the 737 family of aircraft and fuselages for Apache helicopters. "

Kaynes Semicon To Invest INR 4,000 Crore On OSAT/ATMP

Kaynes Semicon, a subsidiary of Kaynes Technology, will invest INR 4,000 crore to set up a semiconductor OSAT/ATMP (assembly, testing, marking and packaging) facility in the next one to two years. Hyderabad, Ahmedabad and Bhubaneswar are the preferred locations for setting up the facility. "The investment will create around 1,000-plus jobs and in the next couple of months we are expecting the final approval from the government," said Raghu Panicker, CEO, Kaynes SemiCon. The semiconductor industry comprises companies that design, fabricate, assemble, test, and supply semiconductors that are suitable for various applications. At present, India employs around 20 per cent of the global chip design talent pool. "We have mastered the art of doing chip design in the last 30 years and we are a strong player second to none. The coming together of the government, academia and venture capitals helped in creating the ecosystem for semiconductor chip design and startups," he added. Additionally, Kaynes Technology would be investing around INR 200 crore in its research and development for OSAT projects. Top semiconductor manufacturers have their largest R&D centers in India leveraging the high quality of talent to develop chip designs and provide engineering support.India's automotive industry is growing and semiconductor applications in electric vehicles, autonomous driving, and in-car entertainment systems present significant opportunities, "We are working with customers for co-package optics (CPO) and we are addressing the power segment. Electric vehicles is one of the most prominent sectors and along with it we are also exploring opportunities in other industrial sectors such as sensor signal processing, high-end computing, among others," he explained. Sharing insights into why the backend of semiconductor manufacturing is gaining popularity, Panicker, said, "Backend of the semiconductor manufacturing is more people centric and less capital intensive than silicon fabrication. It is easier to get technology partners from south east Asia who are willing to work together."Kaynes Technology is also investing in a bare board printed circuit board plant with HDI (High-density Interconnect) technology; the company has already raised money for this investment. "We are actively looking at investment in silicon carbide fab, silicon fab and display fab. The silicon carbide fab will have close to 100 crore investment, the silicon fab will have an European tech partner and display fab will have a Japanese tech partner," according to sources aware of the matter. Kaynes Technology is a 38-year-old electronics manufacturing services company with manufacturing infrastructure in Mysuru, Bengaluru, Chennai, Pune, Manesar and Parwanoo with service centers in Mumbai and Kochi.Kaynes Technology is a 38-year-old electronics manufacturing services company with manufacturing infrastructure in Mysuru, Bengaluru, Chennai, Pune, Manesar and Parwanoo with service centers in Mumbai and Kochi.    

Former employees own 44 start-ups, eight backed by Binny Bansal

In the wee years of the millennium, two young former Amazon employees, Sachin Bansal and Binny Bansal, quit their jobs and founded their own e-commerce company Flipkart. The company grew by leaps and bounds and almost two decades later, a good number of Bansals’ former employees followed their paths, to start their ventures.  Popularly referred to as ‘Flipkart Mafia’, Flipsters (former Flipkart employees) now own 44 start-ups, based on the data by PrivateCircle Research. However, these are only the companies about which information is available publicly and the real number could be higher. Data from the analytics platform YNOS venture engine, on the other hand, shows that of these 44 companies, eight are backed by Binny. These companies cumulatively have a valuation of $25 billion. Six of them are unicorns, with PhonePe being the company with the highest valuation - $12 billion. The other unicorns are Groww ($3 billion), Udaan ($1.75 billion), Spinny ($1.55 billion), cult.fit ($1.3 billion) and Slice ($1.3 billion), in that order. PrivateCircle’s data shows that the formation of new start-ups by Flipsters has a co-relation with the company’s ESOP buybacks. In December 2017, Flipkart bought back ESOPs worth over $100 million from over 3,000 current and former employees. In May 2018, American multinational Walmart acquired a majority stake in Flipkart. That year, the company exercised another ESOP buyback worth $500 million. The year 2018 also marked the creation of six start-ups by former Flipkart employees, the highest until then. In 2019, the company, yet again, exercised an ESOP buyback worth $100 million. In that year, eight start-ups were created by former Flipkart employees, the highest to date. Amid the pandemic, seven flipster-backed start-ups were incorporated in 2020. Four start-ups each were created in 2021 and 2022. In 2021, too, the company exercised an ESOP buyback.      

EV vs ICE price parity for luxury cars unlikely in near future

Carmakers Tata Motors, MG Motor India and Mahindra & Mahindra are narrowing the price gap between their electric vehicles and petrol and diesel models amid softening battery prices, but luxury carmakers do not expect such price parity any time soon. That is mainly because luxury battery electric vehicles (BEVs) are mostly imported into India, attracting up to 100% tax, and their sales volumes are too low to make local assembling viable for most models, industry executives and analysts said. “The cost of EVs in the luxury segment is much higher because of it being an expensive technology and lower volume,” said Vikram Pawah, president at BMW Group India. “So, it would take some time before the EV prices come on par with on-road prices of internal combustion engine (ICE)-powered models,” he said. Santosh Iyer, managing director and CEO of Mercedes India, said, “I don't see that (price parity) happening in the near future as BEVs in the luxury segment have much more technological advancements compared to the EVs in the mass market.” That said, electric vehicles do benefit from a lower GST of 5% and are exempt from road tax in some states. Such incentives have helped take the EV penetration in the luxury segment to 4% in 2023 against less than 2% in the mass car segment. Puneet Gupta, director at S&P Global Mobility, an automative research and analytics arm of S&P, said the price parity between EV and ICE in the luxury segment is still far away barring few high-end models and is likely to remain like that unless localisation takes off.  

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Aston Martin Unveils Its Contender For 2024 F1 Season; The AMR24

Aston Martin, the Silverstone-based Formula 1 team, has pulled the covers off its latest challenger, the AMR24, marking a significant milestone in their quest for championship success. Described as a "strong evolution" of its predecessor, the AMR24 emerges from the shadows of a season filled with both triumphs and tribulations in 2023. The journey of Aston Martin in the previous season resembled a rollercoaster ride, with a promising start giving way to challenges in maximising upgrades as the year progressed. However, armed with invaluable insights into their development missteps, the team is poised to turn the tide with its revamped car, set to hit the Silverstone track on Monday.  The AMR24 showcases refinements across various aspects, with notable changes evident in its nose and front wing, aimed at enhancing outwash and overall aerodynamic efficiency. Additionally, Aston Martin has embraced a push-rod rear suspension configuration, courtesy of Mercedes customer parts, signalling a departure from its previous setup and a step towards aligning with the technological advancements sweeping through the sport. Dan Fallows, the technical director at Aston Martin, emphasised that while significant changes have been implemented, the AMR24 remains firmly rooted in the foundation laid by its predecessor, the AMR23. Fallows highlights the importance of driver feedback, particularly from the seasoned campaigner and two-time world champion Fernando Alonso, in identifying and addressing performance gaps, notably in achieving optimal straight-line speed and cornering prowess. Critical to Aston Martin's overarching strategy is ensuring AMR24's capacity for ongoing development throughout the season. Fallows underscores the importance of maintaining competitiveness in the fierce in-season development race, drawing crucial lessons from previous campaigns and acknowledging the relentless pursuit of performance enhancements. The unveiling of the AMR24 not only showcases Aston Martin's technological prowess but also sheds light on broader trends within the F1 landscape. The team's adoption of a push-rod rear suspension confirms a key shift also observed in Mercedes' upcoming W15 car, indicative of a concerted effort to overhaul performance strategies and adapt to the evolving demands of the sport.   Meanwhile, Fernando Alonso's future in Formula 1 remains a topic of intense speculation, with the seasoned driver expressing a preference for Aston Martin should he decide to extend his tenure beyond the current season. However, Alonso concedes the need for careful consideration, balancing his unwavering passion for racing with personal priorities and long-term aspirations.  

Karnataka in tie-up with Coffee Board to train 1 lakh women entrepreneurs

Karnataka in collaboration with Coffee Board plans to train one lakh women members of self help groups (SHGs) as coffee entrepreneurs in the state.Karnataka, the largest producer of coffee in India, plans to train 100,000 women from self-help groups (SHGs) as coffee entrepreneurs in an effort to empower and boost the coffee industry. The state, in collaboration with the Coffee Board, will also set up 2,500 coffee kiosks managed exclusively by SHG women. Karnataka accounts for over 70% of the country's coffee production, with coffee being grown in over 2.46 lakh hectares in the state. The majority of coffee growers in Karnataka are small growers. The Coffee Board is in regular discussions with the State Rural Livelihood Mission to create women coffee entrepreneurs, and with the formal announcement made in the state budget for 2024-25, the initiative will be implemented in the coming year. The coffee industry in Karnataka provides employment to over 5.19 lakh people on a daily basis. The poultry industry in India is urging the government to allow the import of genetically modified (GM) maize and soyameal due to strong competition for maize supplies from ethanol-makers. The industry heavily relies on maize for its feed requirements and believes that importing GM maize and soyameal, as well as introducing high-yielding GM seeds, will increase productivity. Suresh Chitturi, Managing Director of Srinivasa Farms and Co-Chair of CII’s National Committee on Animal Husbandry and Dairy, highlighted the success of the Green Revolution in increasing wheat and paddy productivity through the introduction of high-yielding varieties. The poultry industry also called for measures to increase maize production from 30 million tonnes to 40 million tonnes. The demand for maize from the poultry industry is expected to grow by 1 million tonnes annually, while the country's maize usage for ethanol production is projected to increase from 0.8 million tonnes to 10 million tonnes by 2027-28. The per capita egg consumption in India has reached 101 eggs and is expected to rise to 180 eggs in the next 6-7 years due to increased awareness of immunity and protein intake. sources      

Get a Wireless, Speedy Charger for iPhones for $40

The life of a business leader or entrepreneur can be quite demanding and high stakes. When you're trying to build something or maintain its growth, you need to protect yourself from all possible hazards, even something as simple as your phone dying during an important meeting or sales opportunity. To help you stay connected, you can get this Speedy Mag Wireless Charger for iPhone, which is on sale for just $39.99 (reg. $119) during our Presidents' Day sale. Its wireless design works with a solid, sleek, and slim charging base that you can rest your iPhone on for rapid charging to keep you juiced when you're holding that same phone up to your ear. Despite its slim design, the charging base can be trusted to keep your phone securely on it with its strong magnetic absorption features. While it is capable, fast-moving, and affordable, this Speedy Mag Wireless Charger is also safe. It comes with built-in preventative features to stop your device from overcharging or overheating. Entrepreneurs and business leaders, your time is your greatest asset. If you're not thinking ahead about ways to protect that time, even in as simple terms as having a reliable and transportable phone charger, then you're not giving yourself or your business the best odds of success. Turn that corner with this special deal. Don't miss your chance to get this Speedy Mag Wireless Charger for iPhone, which is on sale for just $39.99 (reg. $119) during our Presidents' Day sale — a price that beats Walmart's!  

Creating Spaces, Crafting Success: Mudasir Ali Shah And The Location Interiors

Our Features Editor, Sherlyn Gomes, had the opportunity to engage in an insightful interview with Mudasir Ali Shah, COO of The Location Interiors. He stands out as a prominent leader with an outstanding record spanning more than twenty years in profit center management, strategy planning, sales and marketing, business development, and training and development. Boasting a robust corporate background, Mudasir has effectively led teams across varied regions, such as the Middle East, North Africa, the UK, and Asia. Absolutely, my upbringing in an English boarding school instilled a strong sense of discipline and leadership. The early mornings at 5 a.m., the strict rules, and even the meticulous bed-making taught me valuable life skills. Climbing the ranks from house captain to head boy during that time gave me a taste of responsibility and leadership, which still guides me today. Starting at Microsoft, which is known for exceptional customer service, set a high standard for me. Transitioning to banking provided insights into financial transactions and industry intricacies. Later, in the real estate industry at Emaar Properties, I played a role in launching iconic structures like the ‘Burj Khalifa.’ Each phase added a layer to my skills, from customer service excellence to understanding the technical facets of real estate. My family’s construction legacy inspired me, but I also inherited the artistry of crafting from my paternal ancestors. Combining these influences, I found my passion in interior design. In 2014, I founded The Location Interiors with a clear vision to be a profit-centric platform for all stakeholders, creating spaces that inspire and evoke emotions. We collaborate with designers from Italy, France, Persia, and Asia to bring a unique, international perspective to our projects. This diversity ensures a rich variation of designs that cater to a broad range of tastes and preferences worldwide. True success comes from seeing things through to the end. It involves transitioning from a mindset centered on patience, consistency, and resilience to one that thrives on flexibility and a flow-oriented approach. Success is a marathon, not a race.Transparency and meticulous planning are fundamental to overcoming challenges. By ensuring a solid foundation from the start, many challenges can be preemptively avoided. We commit to providing transparent, reliable information that empowers clients and partners, contributing to their success and ours.   

Focus on Software: Top Picks This Week

 The global software market is rapidly advancing, buoyed by robust software demand from individuals and businesses, and this continuing growth trajectory demonstrates the massive growth prospects of the industry. Given this backdrop, quality software stocks Workday, Inc. (WDAY), GoDaddy (GDDY), and Smartsheet Inc. (SMAR) could be wise portfolio additions this week. The software industry worldwide is witnessing a remarkable expansion, propelled by the rising demand for digital transformation across diverse industry sectors. Moreover, the industry is primed for robust development with the integration of cutting-edge technology. Therefore, fundamentally robust software stocks Workday, Inc. (WDAY), GoDaddy Inc. (GDDY), and Smartsheet Inc. (SMAR) could be solid buys now. The software industry plays a vital role in economic advancement and shows promising potential for persistent escalation in the upcoming years. Gartner forecasts worldwide software spending to reach $1.03 trillion in 2024, up 12.7% from the previous year. Furthermore, the global software market is expected to reach $1.79 trillion, growing at a CAGR of 11.7% by 2032. As per Gartner, there is also an imminent surge anticipated within IT services in 2024, and for the first time, this sector is set to become the largest segment of IT expenditure. An 8.7% growth is anticipated in 2024, taking the IT services spending to an estimated $1.50 trillion. This increase can be attributed largely to businesses investing in improvements to their organizational efficiency and optimization projects. The forecasted IT spending growth could act as a stimulus for digital transformation across various industries. The rapid digitalization within organizations, coupled with the increasing adoption of advanced technologies such as AI, Cloud, and IoT, encourages progression. Additionally, the need to analyze voluminous business data and swiftly integrate multichannel touchpoints into a unified platform also contributes significantly to the escalating growth and profitability of the software industry.  

Elite 4 Biotech Stocks to Buy Now for Explosive Returns

With a wide range of applications across sectors, including health, agriculture, and industrial processing, rapid technological adoption, and government support, the biotech industry's prospects appear promising. Thus, investors could consider buying biotech stocks Corcept Therapeutics (CORT), Jazz Pharmaceuticals (JAZZ), Incyte (INCY), and Exelixis (EXEL) for substantial gains. The biotech industry's long-term outlook looks robust, driven by the growing need for personalized treatment options, rapid adoption of agricultural biotechnology to increase the productivity of crops, ongoing technological breakthroughs and innovation, and favorable government policies. Given the industry tailwinds, it could be wise to invest in fundamentally sound biotech stocks Corcept Therapeutics Incorporated (CORT), Jazz Pharmaceuticals plc (JAZZ), Incyte Corporation (INCY), and Exelixis, Inc. (EXEL) for significant returns. Biotechnology has a wide range of applications in several sectors, ranging from healthcare to food & agriculture and industrial processing. Growing reimbursement policies and supportive government initiatives promoting regulatory modernization will propel the biotech industry's growth. The increasing need for personalized medicine and a growing number of orphan drug formulations to combat the rising prevalence of chronic and rare diseases are opening new avenues for biotechnology applications and are boosting the influx of emerging and innovative biotech companies.  

Yes, Bank Announces senoir - level appointments

"Senior Group President of Governance and Controls Rajeev Uberoi appointed Anurag Adlakha becomes the next senior group president and head of strategy and financial management. Mumbai: Rajeev Uberoi was named senior group president for governance and controls and Anurag Adlakha was named senior group president and head of financial management and strategy by Yes Bank on Monday. Uberoi will be in charge of management governance, compliance, vigilance, legal (general counsel), company secretarial, and control responsibilities at Yes Bank. Uberoi was previously in charge of legal and audit at IDFC Bank. Adlaka, the former CFO of Jana Small Finance Bank, will be in charge of boosting Yes Bank's bottom line. According to a press release from the bank, both of the top personnel will answer directly to Ravneet Gill, managing director and chief executive officer. Additionally, the Yes Bank board of directors made it clear that the lender's liquidity and operational performance were strong, and that its financial condition was ""sound and stable."" To approve the financial results for the quarter that ended on June 30, 2019, the board will convene on July 17. In addition, the bank denied ""unfounded speculation about, among other things, the bank's asset portfolio, future growth prospects, Board & management stability."" Yes Bank shares were trading at ₹93.40 on the BSE at 11:45 a.m. In order to ratify the financial results for the quarter that ended on June 30, 2019, the Yes Bank board will convene on July 17 (Bloomberg file)"

IGT Solutions Announces CEO Succession Plan

"With effect from April 1, 2024, IGT Solutions, a global provider of AI-led BPM and Digital Services & Solutions, announced today that Katie Stein will take over as CEO. Effective February 14, 2024, she will become a CEO Designate of IGT Solutions. Katie joins IGT Solutions with strong subject expertise and a disruptive business leadership style. Katie most recently held the position of global. ""I would like to thank Vipul for his more than two decades of leadership on behalf of the entire company and the Board of Directors,"" stated John Del Santo, the IGT board chair. ""Katie, who has a fantastic track record of client service, leadership, and shown achievement, is also welcomed. IGT Solutions' extensive strengths in AI-led BPM and Digital Services & Solutions may reach new heights of expansion thanks to Katie's vision and experience."" ""I am honoured to join IGT Solutions at this exciting time for our employees, clients and partners,"" stated Katie. ""IGT Solutions' deep domain expertise, innovative culture, and technological prowess in assisting clients in addressing their particular industry challenges are admirable.IGT Solutions has cultivated a stellar clientele of high-profile companies in the travel and tech sectors, at a time when having a close relationship with clients is more crucial than ever. This is a fantastic starting point for our next round of development. ""I had a goal when I joined IGT Solutions: we were going to be our clients' and workers' go-to partner. With more than 25,000 workers worldwide, IGT Solutions is currently the top service provider for our travel and high-tech clients', stated departing CEO Vipul Doshi. "I welcome Katie to the CEO role and wish her the best in her efforts to lead the company to greater milestones in the future."" Concerning IGT Solutions Global companies entrust their transforming experiences to IGT Solutions, a next-generation customer experience (CX) provider. It accomplishes this by fusing digital and human intelligence with cutting-edge technologies. For managing end-to-end customer experience journeys across sectors, IGT Solutions is the go-to partner. IGT was founded in 1998 and currently operates 31 global delivery centres across 13 countries, serving client processes with over 25,000 CX professionals and over 90 worldwide marquee customers. Digital transformation, systems integration, platform solutions, industrial and enterprise solutions driven by AI/ML and Gen AI, intelligent automation and analytics, and a comprehensive range of BPM services and solutions are among the services provided by IGT Solutions. "

At Rozgar Mela, around 100,000 new recruits receive appointment letters.

As part of the Center's Rozgar Mela, Prime Minister Narendra Modi handed appointment letters to nearly 100,000 recently hired employees on Monday.As part of the Center's Rozgar Mela (job fair), New Delhi Prime Minister Narendra Modi on Monday gave appointment letters to nearly 100,000 recently hired employees in various government ministries and organizations.The prime minister announced during a virtual meeting that the government has expedited the appointment process. "Previously, it would take a long time to release job adverts followed by appointments. Because of this, bribery was widespread. The appointment process has been expedited by our administration and is now transparent and time-bound. Youth employment is growing quickly under our government," Modi stated, noting that during the past ten years, the government has hired 1.5 times as many people as it did under prior administrations.According to officials with knowledge of the situation, the new hires will work in the departments of tax, financial services, atomic energy, home, defense, health, tribal affairs, and railways, among other ministries.Modi congratulated the new appointments and stated that they were now contributing to the nation's development. "Remember that the work you do every day is for the development of the nation, regardless of the department you work in," he stated.Modi used the introduction of a new budget that included 10 million rooftop solar plants as an illustration of innovation. The program has several advantages. There won't be any bills for anyone who utilize the solar panels. By providing electricity to the grid, they will also be able to make money. People will also be able to obtain employment in the industry. It might have to do with batteries, wiring, or solar panels. All of this will lead to job creation and lakhs of new jobs, he declared.The Prime Minister stated that a large number of the new hires would be joining the Indian railroads, adding that prior to 2014, the railroads received little attention. Instead, his government concentrated on electrification, doubling rail lines, announcing new trains, and enhancing passenger amenities."Indian railroads are going through a major transition, and within the next ten years, the industry will undergo a total makeover. Prior to 2014, the government paid little attention to trains' cleanliness, timeliness, or both. The way people travel has changed due to our administration. He stated, "We have already disclosed the preparations being made for the 40,000 new bogies that will be added to the other trains operating on the Vanda Bharat Express train lines."According to the PM, in order to swiftly fill positions in the forces, the government changed the recruiting procedure, and many of the new recruits would join paramilitary groups.