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NTT DATA on Thursday announced a Generative AI (GenAI) Talent Development Framework to impart training to all its employees worldwide. India houses more than 40,000 of NTT DATA’s employees, the most outside the home base for the Japanese company with a headcount of about 200,000. “With the rapid advancement of generative AI, talent development has become a social imperative. By utilising the framework we have established, we can effectively cultivate highly skilled professionals,” chief executive Yutaka Sasaki said.

Simbhaoli Sugars Ltd.(up 4.99%), Ponni Sugars(Erode)Ltd.(up 1.06%), Kothari Sugars & Chemicals Ltd.(up 1.00%), DCM Shriram Industries Ltd.(up 0.33%), EID Parry(India)Ltd.(up 0.32%), KCP Sugar & Industries Corporation Ltd.(up 0.32%) and Dhampur Sugar Mills Ltd.(up 0.20%) stood among the top gainers.

Nikhil Kumaraswamy was on Thursday announced as the NDA candidate for the November 13 Assembly by-polls from Channapatna, a seat vacated by his father and Union Minister H D Kumaraswamy after being elected to Lok Sabha. The 36-year-old is pitted against five time MLA from the segment and former Minister C P Yogeeshwara of the Congress, who joined the party after quitting BJP on Wednesday. Nikhi's mother Anitha Kumaraswamy, a former MLA, had unsuccessfully contested from the seat in 2013, and faced defeat against Yogeeshwara, a political heavyweight in the constituency. With Yogeeshwara joining Congress to contest the Channapatna bypoll, pressure was mounting on Kumaraswamy from party workers and leaders to field Nikhil.

Subscribe to enjoy similar stories. Mumbai: The Reserve Bank of India (RBI) has been using public speeches by its top brass to hint at upcoming regulatory action against specific institutions or even some lending practices, showed a Mint analysis. This was evident when the regulator barred four non-bank financiers, including two microfinance institutions, from fresh lending.

telecom industry has demanded that the license fee paid by them to the government should be reduced to 0.5% to 1% of the gross revenues, from the current 8%, as the circumstances and regime have changed for the industry. The industry said a reduction in fees would facilitate telcos to plough the revenues back to the network for upgradation and expansion, which will enable digital inclusion. The Cellular Operators Association of India (COAI), which counts all the three private telecom operators –Reliance Jio, Bharti Airtel and Vodafone Idea –as its members, said, payments made basis the AGR (adjusted gross revenue) need to be reconsidered under the changed regime and circumstances. Telcos pay an 8% license fee to the government, which includes a 5% universal service obligation (USO) levy.

Global Capability Centers (GCCs) continue to expand in India, companies are learning that cultural alignment can significantly influence their success or failure. With over 1,800 GCCs in the country, contributing more than $65 billion annually, understanding local culture is becoming just as important as accessing India’s skilled workforce and cost-effective environment. Why Cultural Alignment Matters for GCC Operations For multinational companies setting up GCCs in India, it’s crucial to recognize that success goes beyond tapping into talent. Leaders need to understand and integrate local cultural norms to foster innovation, collaboration, and long-term success.

Rajesh Power Services (RPSL) has filed a Draft Red Herring Prospectus (DRHP) with the BSE SME to raise funds via an initial public offering (IPO). The IPO will comprise a fresh issue of 27.90 lakh equity shares with a face value of Rs 10 each and an Offer for Sale (OFS) of up to 20 lakh equity shares, through a book-building process.

Artificial Intelligence and other innovative methods to check traffic violations and ensure that penalties are levied accurately, Union minister Nitin Gadkari said on Thursday. Addressing the 12th edition of the Traffic InfraTech Expo, the minister outlined plans for upgrading toll collection methods, including the exploration of satellite toll systems, which would improve efficiency and ensure transparency in toll collection. Gadkari noted that road safety cannot be achieved without integrating advanced engineering solutions, enforcement of laws, and the adoption of cutting-edge technologies like Artificial Intelligence (AI). Highlighting the ministry's approach to enhancing road safety, he said that the government has decided to appoint experts from the private sector to collaborate on developing technological solutions.

BPM) organisations must move beyond routine tasks and address more complex and strategic challenges while offering insights into the emerging skills that will define the future of work in this dynamic industry, a new report has said. As the sector undergoes rapid transformation driven by technological advancements, changing client expectations and new engagement models, the demand for specialised skills and redefined job roles has become more critical than ever, said the report, ‘BPM Shifting Gears: Shaping Tomorrow’s Skills and Careers’, jointly prepared by industry association Nasscom and job search portal Indeed. India’s BPM industry is steadily growing, generating $48.8 billion in revenue as of FY2024 while undergoing significant shifts from process management to delivering end-to-end transformation solutions.

Zerodha Mutual Fund has announced the launch of the Zerodha Gold ETF FoF, an open-ended fund-of-funds scheme that invests in units of Gold ETFs. The new fund offer (NFO) for the scheme will open for subscription on October 25 and will close on November 8. The scheme's investment objective is to seek capital appreciation by investing in units of Gold ETFs. It will be benchmarked against the domestic price of physical gold and will be managed by Shyam Agarwal and Kedarnath Mirajkar.

Falgu Aviation Leasing Ltd, an aircraft lessor, has approached the National Company Law Tribunal (NCLT) against SpiceJet Ltd over an unpaid debt of Rs 67 crore. The lessor has said that the debt arose from rental dues for a Boeing 737 that it had leased to the budget carrier. SpiceJet has been entangled in a cycle of settlements and fresh insolvency pleas with the airline being taken to insolvency court by different lessors frequently even as it settles pending insolvency cases.

NASA has delivered a crucial component for the NISAR (NASA-ISRO Synthetic Aperture Radar) satellite to the Indian Space Research Organisation (ISRO). The radar antenna reflector, essential for the mission, arrived in Bengaluru on October 23, 2024. This reflector plays a key role in focusing microwave signals sent to and from Earth’s surface, allowing NISAR to scan almost all of the planet’s land and ice surfaces every 12 days to gather scientific data. After its arrival aboard a NASA C-130 cargo plane, the radar antenna was transported to ISRO’s Spacecraft Integration and Test Establishment for reintegration with the NISAR spacecraft. The satellite is scheduled for further testing in preparation for its launch from the Satish Dhawan Space Centre on India’s southeastern coast in early 2025. NASA and ISRO will coordinate to finalize the official launch date.

Adani Wilmar on Thursday reported a consolidated net profit of Rs 311 crore for the September quarter, compared to a loss of Rs 131 crore posted in the same period last year. Revenue from operations in Q2 FY25 was reported at Rs 14,460 crore, an 18% increase from Rs 12,267 crore in the corresponding quarter of the previous financial year. The profit after tax (PAT) was marginally below on a sequential basis, declining by 0.7% from Rs 313 crore in Q1 FY25.

The initial public offering (IPO) of Afcons Infrastructure will open for subscription on October 25. The issue closes on October 29. Through the public offer, the company plans to raise nearly Rs 5430 crore. Here are 10 things to know about the Afcons Infrastructure IPO before subscribing to the issue.

Nathan Lyon to go seventh on the all-time Test-wicket takers list when he dismissed Devon Conway to grab his third wicket on Day 1 of second Test in Pune. The two off-spinners will go head-to-head when India visits Australia for a five-match Test series in November. Conway was Ashwin's 531st Test wicket. the Tamil Nadu bowler has the second highest wickets for India, only behind Anil Kumble's 619 scalps.

Godrej Consumer Products Ltd. rose 3.98 per cent to Rs 1240.6 in Thursday's trade. It hit an intraday high of Rs 1299.95 and low of Rs 1238.7, respectively, during the day. The stock quoted a 52-week high price of Rs 1541.3 and low of Rs 959.55.

cyclone Dana rolling towards the Odisha coast, the authorities on Thursday advised devotees against visiting the Jagannath temple in Puri and expedited preparations to minimise the impact of the calamity on the 12th-century shrine. Puri District Collector Siddharth S Swain said that the devotees, including those undertaking a month-long 'Kartik Brata' ritual, should also be discouraged from visiting the temple as a safety measure. Shree Jagannath Temple Administration (SJTA) in a statement said that all measures were being taken to protect the shrine located in the seaside town while keeping the daily rituals intact. The administration said that measures have been taken to ensure that loose materials like GI sheets, scaffolding tubes and others do not get affected in the gale.

ACC Ltd on Thursday reported a 48% year-on-year (YoY) fall in its consolidated net profit at Rs 200 crore in the second quarter. The same stood at Rs 388 crore in the last year quarter. Revenue from operations increased 4% YoY to Rs 4,614 crore.

Indian Hotels Company Ltd. gained 0.15 per cent to Rs 658.75 at 12:32PM (IST) in Thursday's trade. The scrip has hit a high of Rs 663.2 and low of Rs 651.3 so far during the session. The stock had closed at Rs 657.7 in the previous session. The counter has had a total traded volume of 22322 shares so far with a value of Rs 1.46 crore on the NSE. It traded at a price-to-earnings multiple of 72.9 and a price-to-book ratio of 8.9.

Tata Power Company Ltd. traded at Rs 437.4 on BSE at 12:48PM (IST) on Thursday, down 0.01 per cent from previous close. The stock quoted a 52-week low price of Rs 230.75 and a high of Rs 494.85.

Supreme Court on Thursday refused to entertain a plea alleging contempt of its order on demolition of properties by the authorities in Uttarakhand, Rajasthan and Uttar Pradesh. A bench headed by Justice B R Gavai and comprising Justices P K Mishra and K V Viswanathan said it was not inclined to entertain the plea filed by the petitioner who was not directly or indirectly related to the alleged act. «We don't want to open a pandora box,» said the bench. The court said it will hear those affected by the demolition of properties.