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Connecting With Technology Mentors: 10 Effective Methods For Young Professionals

Loknath Das

Technology is evolving at an unprecedented rate. Newcomers to the industry may find themselves facing a slew of challenges and trends they couldn’t have predicted during their time in school. Having an experienced tech veteran by their side to show them the ropes and help them adapt can make all the difference in their career success. As experienced tech professionals, the members of Forbes Technology Council understand how beneficial mentorships can be in this ever-changing field. To help you facilitate connections between your young employees and industry mentors, our panel of experts…

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Looking for job? IT, finance top providers among listed cos

Loknath Das

The information technology (IT) and financial services sectors emerged as the top job providers, jointly accounting for over 50 percent of all hiring in India, says a new study by investment group CLSA, titled ‘Boardroom nectar — distilling the essence of India’s annual reports’. The study, which analysed 250 listed companies, showed that both sectors also topped at hiring women. From the 45 lakh jobs created by companies, finance alone employed 28 percent (13 lakh people) and IT 26 percent. Within financials, the public sector employed 60 percent of all…

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Low-carbon technology fund is tonic for Scottish gin maker

Loknath Das

The Orkney Distillery wants to become the world’s greenest gin and whisky producer. Photograph: Alamy A craft distillery in Scotland could become the greenest gin and whisky producer in the world as part of the government’s plans to cut industrial climate emissions. The Orkney Distillery has secured a slice of the government’s £390m fund to help develop low-carbon technologies that could reduce carbon emissions from industry. It hopes to use the funds to become the first gin distillery in the world to run on hydrogen made from renewable energy rather than liquid petroleum gas.…

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The Best Speakers for Travel

Loknath Das

When you hit the road, you want your tunes to come with you. But sometimes a pair of earphones—even noise-cancelling headphones—just isn’t enough. Whether it be serving as impromptu DJ for your friends or enhancing a presentation with a soundtrack, you need a portable speaker. Here are the best speakers for travelers that will let you pump up the volume without weighing you down. JBL Clip 3 JBL Clip 3 JBL If you’re looking for the most portable speaker out there, the JBL Clip 3 is the best option to…

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Ujjivan Financial files prospectus for small finance bank IPO, stock plunges 8%

Loknath Das

Shares of Ujjivan Financial Services fell nearly 8 percent on Monday after the company filed a draft red herring prospectus with the Securities and Exchange Board of India (Sebi) to list its subsidiary Ujjivan Small Finance Bank (USFB). The stock fell as much as 7.8 percent to Rs 261.70 per share on BSE. At 9:25 am, the stock was trading 4.4 percent lower at Rs 271.7 compared with 0.63 percent (236 points) gain in BSE Sensex at 37,586. USFB plans to launch an initial public offering (IPO) at a face value…

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Population control: Finance Commission may not reward states for poor show

Loknath Das

The hue and cry last year over the ToR with regard to use of 2011 population, prompted PM Modi to announce that the Centre has suggested to the commission to “consider incentivising the states who have worked on population control.” The 15th Finance Commission (FC) may assign a lower weight to ‘population’ than 17.5% by the previous FC while giving a ‘respectable’ weight to progress made in curbing population growth to balance the needs represented by the latest population and progress towards population control, for inter-se distribution of resources among…

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Are you good at managing financial accounts? These startup roles may be perfect for you

Loknath Das

Financial accounting is crucial for any company’s existence. A financial executive or financial analyst is required to manage revenue accounts, and can be a part of the company’s short and long-term business strategies, investments, and other decisions. A finance executive’s job include keeping track of financial transactions, preparing financial reports, reviewing statements, preparing accounting ledgers and performing various other finance-related tasks. If you are good with numbers and money, then one of these finance executive openings might help you. Livspace Finance Executive Experience needed: 2-5 years The candidate will be responsible for document verification of…

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Aye Finance gears up for aggressive pan India expansion

Loknath Das

Aye Finance, CapitalG backed fintech lender, has announced plans for aggressive Pan-India expansion in the current fiscal. After a successful year which saw Aye reaching a milestone AUM figure of INR 1000 crores, the fintech lender will be opening 67 new branches to service the credit needs of a larger number of Indian micro enterprises. Aye has been rapidly expanding its footprint and in this round Aye is entering the new states/UT of Maharashtra, Gujarat, Bihar, Jharkhand, Chhattisgarh, Chandigarh and Himachal Pradesh along with strengthening its branch presence in the…

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Piramal sells entire 10% stake in Shriram Transport for ₹2,300 crore

Loknath Das

New Delhi: Ajay Piramal-controlled Piramal Enterprises Ltd on Monday sold its entire stake of about 10% stake in commercial vehicle financier Shriram Transport Finance Co Ltd., citing a “broader strategy” to leverage opportunities for growth in its financial services business. As of 31 March, Piramal held 22.6 million shares in Shriram Transport, which specialises in financing second-hand trucks, representing a 9.96% stake. The stake sale will fetch Piramal approximately ₹2,300 crore, based on the closing price of the stock on Monday. “Earlier this year in April 2019, Piramal Enterprises Ltd. had announced…

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Draft norms for ‘on-tap’ licensing of small finance banks by August end

Loknath Das

On-tap licensing is a time-efficient feature that will allow parties to obtain the licence on-demand basis and eligible parties won’t have to wait. The Reserve Bank of India (RBI) will issue draft guidelines for ‘on-tap’ licensing of Small Finance Banks (SFB) by the end of August 2019 with a view to enhance supply of credit to small borrowers and encourage competition. On-tap licensing is a time-efficient feature that will allow parties to obtain the licence on-demand basis and eligible parties won’t have to wait. In September 2015, the RBI had…

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