Business News Northeast - Latest Business Northeast News & Updates

28 Jun

DGT announces admissions for Craftsmen & Craft Instructors Training Schemes

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The Directorate General of Training (DGT) under the Ministry of Skill Development & Entrepreneurship has opened admissions for the session 2023-24 under the Craftsmen Training Scheme (CTS) and Craft Instructor Training Scheme (CITS) formats. The registration process, which began on 1st June 2023, has received an overwhelming response with over 35,000 candidates already registered. DGT has expanded its offerings under CITS by introducing two new trades: Surveyor and Baker & Confectioner. These trades will be available at National Skill Training Institutes (NSTIs) in 35 cities, and the seating capacity has been increased from 14,400 to 16,500. 93 ITOTs are participating…

28 Jun

Manipal offers a Fintech degree to prepare graduates for industry

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Manipal Institute of Technology, a constituent unit of MAHE, unveiled a first-of-its-kind undergraduate program in B. Tech in Computer Science and Financial Technology on 20th June 2023, solidifying its reputation as a pioneer in innovative education. The Boston Consulting Group (BCG) reported that the global revenues of the Financial Technology (Fintech) sector will reach $1.5 trillion by 2030. APAC is the leading fintech market, with fintech firms in India, China, and Indonesia, as well as a tech-savvy youth population, an expanding middle class, many small and medium-sized enterprises, and underbanked populations. The CAGR for this sector is estimated at 27…

28 Jun

NSDC along with MSU, INIFD, provides Fashion and Interior Design Skills

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National Skill Development Corporation (NSDC), the knowledge and implementation partner of the Ministry of Skill Development and Entrepreneurship (MSDE), has signedan MoU withSikkim-based Medhavi Skill University (MSU) and Hyderabad-based Inter National Institute of Fashion Designing (INIFD) to design, curate and develop new-age short term courses in the field of fashion design, interior design, and beauty and wellness. The collaboration aims to equip students with fashion and interior design industry-relevant skills, enabling them to apply their academic knowledge in real-life scenarios and increase their employability. The courses have been designed under the guidelines of the National Skills Qualifications Framework (NSQF). The…

28 Jun

[24]7.ai Enhances DEI Agenda With Gender Inclusive Initiatives

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[24]7.ai - a global leader in intent-driven customer engagement solutions – rolled out a series of new initiatives and policies aimed at bolstering their efforts in creating a more inclusive and diverse workplace that respects all individuals. [24]7.ai is committed to supporting LGBTQIA+ initiatives, promoting a welcoming work environment, valuing dignity, confidentiality, independence, integration, and equal opportunities. The DEI Council and PRIDE and Allies Network collaborate monthly to address sensitive topics and propose solutions for the LGBTQIA+ community. D&I sessions are mandatory for pre-hire orientation and induction, educating employees on unconscious bias, limiting beliefs, and community sensitization. "Rainbow Wings" training…

28 Jun

JLR announced a new collaboration with Ever stream Analytics

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JLR has announced a new collaboration with Ever stream Analytics to integrate AI into its supply chain management, allowing it to monitor its supply chain in real-time and avert future global supply issues. This will help protect the production of its current models and next generation of pure-electric vehicles. The technology uses AI, predictive analytics, machine learning and human intuition to plot emerging incidents such as natural disasters, strikes, data breaches and export issues on a global map, alerting JLR to any potential impact on its supply chain. This capability updates in real-time, taking measures to avoid industrial disruption, which…

28 Jun

Cummins India commits to endorse GRS for its employees

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Cummins India, a leading power solutions technology provider, announced Gender Reassignment Surgery (GRS) support for its employees. Through the Cummins GRS support, employees who have decided to transition to their self-identifying gender, will receive financial assistance for their surgery. As the world celebrates the Pride month, Cummins India stands as a beacon of support to the LGBTQ+ community, embracing the values of togetherness, self-expression, and equality. Cummins India regularly assesses its policies to align with the company's DEI framework. Recently, it announced its Gender-Neutral Dress Code Policy and implemented Gender Neutral Washrooms, demonstrating its commitment to LGBTQ+ diversity, equity, and…

28 Jun

Oraimo Launches FreePods 4 Wireless Earbuds with ANC Technology

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Oraimo is set to launch FreePods 4 in India to offer affordable yet top-notch technology and quality devices to young customers. Designed for those who prefer quality sound without compromising on comfort, FreePods 4 gives crystal-clear calls and an immersive listening experience in busy and noisy environments. The premium wireless earbuds are equipped with the latest ANC technology, 4-mic Proprietary Beamforming Array, AI Deep Neural Network algorithm, Transparency Mode, low-latency gaming mode, slide-to-open feature, anti-drop magnets, and a slide-to-open feature. These features reduce up to 30dB of noise, detect and reduce noise in calls, and ensure seamless connectivity. The device…

28 Jun

NSDC collaborates with LESDE to create an international centre for innovation and skills excellence

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National Skill Development Corporation (NSDC) signed an MoU with Labour, Employment Skill Development and Entrepreneurship (LESDE) department of the Government of Mizoram and Sikkim-based Medhavi Skills University (MSU) to develop an international centre for innovation and skills excellence in Mizoram for skilling the youth, pursuing domestic and overseas employment opportunities in hospitality and tourism sectors and in their allied areas. The MoU was exchanged between Shri Ved Mani Tiwari, CEO, NSDC International, Kuldip Sarma, Pro Chancellor, MSU, and Shri Lalramsanga Sailo, Secretary, LESDE, to widen the emerging talent, foster academic knowledge, and improve job readiness. NSDC will act as a…

27 Jun

Metropolis Healthcare Limited announces the launch of an advanced diagnostic testing centre in Assam

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Metropolis Healthcare Limited, a leading diagnostic service provider in India, has announced the launch of an advanced diagnostic testing centre in Nagaon, Assam. Spread over 2000 sq.ft, the laboratory has the capacity to conduct over 250 sample testing per day with a quick turnaround time and high-quality reports. In addition to this, Metropolis also opened a 500 sq.ft processing centre in Dhing, enabling them to serve a larger number of patients. Metropolis has conscientiously developed the Indian Reference Range for an extensive test menu, which is now being used by thousands of laboratories across the country. The new Metropolis Healthcare…

27 Jun

DSP Mutual Fund announce the launch of DSP Nifty IT ETF

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DSP Mutual Fund has launched the DSP Nifty IT ETF, an open-ended ETF replicating the Nifty IT index. The ETF aims to benefit investors from the long-term growth of Indian IT companies, which have significantly contributed to India's GDP and market share. The sector's consistent growth and lower earnings variability have resulted in higher earnings multiples from investors. The Indian IT sector offers global exposure to revenue flows and diversifies equity portfolios from domestic risks. Its financial strength is reflected in higher ROE and ROAs than global peers. However, the Nifty IT index has underperformed the Nifty 50 for 1.5…