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BENGALURU/MUMBAI : Global capability centers (GCCs), which have outpaced IT services companies in talent acquisition both from campuses and the job market, are now grappling with attrition due to rising competition among themselves. The skilled workforce at GCCs, accustomed to serving US and European clients, are prime targets for competing GCCs seeking to onboard personnel without delay, as they enter or expand operations in India. "GCCs, too, are susceptible to attrition risk, in view of rising demand for talent across GCCs, particularly with a growing number of GCCs getting established.

UK higher education institutions and setting back the country’s ambitions to be a leader in science and technology, according to an influential British entrepreneur. Recent steps by Prime Minister Rishi Sunak to make the UK less attractive for overseas students will lead to a university funding shortfall and a reduced pool of talent for British employers, Ewan Kirk, founder of quantitative hedge fund Cantab Capital Partners and a former entrepreneur-in-residence at the University of Cambridge said. The measures will chafe against the premier’s ambition to make Britain a hub for high-growth industries such as biotechnology and artificial intelligence, he said Do you meet the immigration criteria? Check here “For all the guff and bloviation about making the UK a scientific superpower, you’ve actually got to do something that’s going to make that happen,” Kirk, also a non-executive director at defense firm BAE Systems, said in an interview. “The corollary of being a scientific superpower is presumably that you need a lot of scientists,” he said. “We’re not going to grow them all internally, so would it not be good to get some from outside?”

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One of the biggest potential problems Thomas West foresees for the future of the RIA space is organic growth.

With clouds looming over the commercial real estate market, sales of non-traded real estate investment trusts started 2024 with a downturn, as widely expected, with last month’s non-traded REIT fundraising and sales by financial advisors down 47% compared to January 2023, according to new research by Robert A. Stanger & Co. Inc., which tracks sales of illiquid alternative assets.

Back in August, I wrote an article called Gold: The Anti-Bubble.

Stocks finished the day lower, with the S&P 500 dropping about 40 bps and the Nasdaq 100 finishing flat. Not much changed materially.

Zerodha's CEO Nithin Kamath revealed on Monday that he experienced a «mild stroke» six weeks ago. He attributed the stroke to a combination of factors including the recent passing of his father, poor sleep, exhaustion, dehydration, and excessive exercise. The revelation by 44-year-old Kamath, who is a fitness enthusiast, has reignited debate about work-life balance. Kamath noticed symptoms such as facial drooping and difficulty with reading and writing. He anticipates a full recovery within 3-6 months. After the mild stroke, Nithin Kamath said he wondered «why a person who's fit and takes care of himself could be affected». Zerodha cofounder said that his doctor «said you need to know when you need to shift the gears down a bit.» Noting that Nithin Kamath is one of the «fittest persons», Hyderabad-based neurologist Dr Sudhir Kumar said the Zerodha founder has rightly has rightly recognized five likely risk factors that could have caused his stroke: Stress (of losing his father), sleep deprivation, over-exercising (over-working out), exhaustion (related to work commitments and workouts) and dehydration.

Siddharth Srivastava, ETF Products & Fund Manager, Mirae Asset Investment Managers (India), says “from a macroeconomic indicators point of view, there are no red flags. Things look robust. But I think investor expectations this year or for next year or so should be muted. Somewhere around low teens is what investors should be okay with unless and until there is a next good set of news which will provide the next momentum to the market.” Let us begin by discussing the market setup itself. We are very poised at an inflection point where there are no major triggers for the markets because elections are priced in, earnings are behind us, and there is no other major event ready to watch out for. What do you then think is the right expectation in terms of returns from the Indian markets this year? Siddharth Srivastava: From a valuation point of view, investors should remain cautious, especially in the microcap, smallcap category. There are pockets of opportunities, especially in the largecap and the midcap side. But markets will consolidate. Earnings need to come out at a reasonably good level to justify the valuations where we are currently on. I think that will drive the next possible support in the markets.

MLAs in Karnataka exercised their franchise for the four Rajya Sabha seats on Tuesday till 1 pm, Election Commission officials said. The Congress has 133 MLAs, excluding the Speaker, while the BJP and JD(S) have 66 and 19 legislators respectively, in the 223-member House. Others account for four. However, one Congress MLA died on Sunday. On Tuesday, voting began at 9 am and will go on till 4 pm. The counting will start from 5 pm. The MLAs will exercise their voting rights using an open ballot system. They have to display their voting preference to the nominated polling agents. The Rajya Sabha seats fell vacant following the retirement of four members — Union Minister Rajeev Chandrasekhar (BJP) and Congress's G C Chandrashekhar, Syed Naseer Hussain and L Hanumanthaiah.

Maharashtra Government has ordered an SIT to probe the Maratha reservation agitation led by activist Manoj Jarange Patil. The move came after Jarange Patil accused Maharashtra deputy CM of conspiring to target him. Speaking in the Maharashtra Legislative council on Tuesday, CM Eknath Shinde said "«Many leaders have become big on the issue of Martha reservation, Jarange patil raised demands for Maratha reservation he didn't had any political background and even I went to him.Keeping all the protocols aside I visited him twice. But now he is making remarks against DCM, our ministers and on the government… why? He is using low level language against the DCM, this language is not of karaykarta it's a political language. There are many other castes leaving in the state but this is an attempt to creat conflict between castes too. We won't tolerate such language against anyone. So let SIT investigate the matter and doodh ka doodh paka pani hone do» «We have given reservation to Maratha and it will stand in the court too all the guidelines and norms of court has been studied properly and accordingly. We have given reservation, there is no injustice done on any other community but people are spreading rumours that this reservation won't stand in court why? Who is spreading this?» the Maharastra CM said.

₹9,362.35 crore. Mint explains the circumstances behind the various legal cases Byju’s is battling. On 22 February, a consortium of four Byju’s investors—Prosus NV, General Atlantic, Sofina, and Peak XV Partners, with support from Tiger Global and Owl Ventures—moved the Bengaluru bench of the NCLT against the edtech firm’s rights issue.

Jumpman: The Making and Meaning of Michael Jordan. By Johnny Smith. Basic Books; 336 pages; $30. The Book of James: The Power, Politics, and Passion of LeBron. By Valerie Babb.

PM Modi urged all to join the campaign and encourage young voters to exercise their democratic right to vote. With the general elections expected in April-May, he said there is a possibility that the Model Code of Conduct (MCC) will be enforced in March like it was done in 2019, a reference to the expected announcement of the election schedule sometime next month.

By Huw Jones

By Jeff Mason

Actor and comedian Amy Schumer has revealed she was diagnosed with Cushing’s syndrome after she faced harsh online criticism for her face appearing “puffier than normal” during a recent appearance on The Tonight Show. 

Pranav Gundlapalle, Senior Research Analyst, Sanford C Bernstein, says from the bottom that we saw, what is driving the Paytm stock up is incremental news flow confirming that all the problems are restricted to Paytm Payments Bank Ltd (PPBL) and One 97 Communications will continue its UPI payments which is anyway 70% of the payment volumes. As long as that gets resolved and remains unimpacted, there is a significant upside from here. What is it that you make of this last salvo by Vijay Shekhar Sharma stepping down? Pranav Gundlapalle: I think it is again an attempt to distance the 197 entity from the PPBL entity. So in the spirit of maybe being late is better than never, there is an attempt to set that up as an independent entity with limited linkages to One 197 Communications. I think that is the objective.

Vijay Shekhar Sharma's resignation as part-time non-executive chairman and board member at Paytm Payments Bank, Paytm shares today rallied 5% in the morning only to give up all the gains quickly in volatile trading as investors try to understand whether the restructuring of the board will help placate an angry RBI. After two days of 5% upper circuits, the stock was trading just 1% higher in early trade.

SpaceX's lawsuit claiming a US labour board's structure is unconstitutional, after a judge in Texas granted the agency's request to send it to California. A panel of the New Orleans-based 5th US Circuit Court of Appeals in a brief order said the Los Angeles federal court should not have processed the transfer last week, days after the appeals court paused it pending an appeal by SpaceX.

Congress in Karnataka and BJP have locked horns over UK professor Nitasha Kaul being denied entry into India for the state-organised conference on the Constitution over the last weekend. The ruling Congress has hit out at the BJP, calling the incident yet another example of how the Centre restricts both individual and state rights. “It is a stark reminder of the multiple challenges to the constitutional idea of India. All patriotic Indians must reflect on these threats and unite to reclaim our Constitution,” Social Welfare Minister H C Mahadevappa said on Monday. The Karnataka government, he added, had every right to host a programme on Constitution awareness and invite an expert to speak at the convention. Industries Minister MB Patil said the incident showed what type of democracy there was in India. “This is not a good thing for our country because in our country Baba Saheb Ambedkar has given a world class Constitution where everyone’s views are respected. There is a freedom to talk,” he said.