Latest news with #AkhilGupta
Mint
14-05-2025
- Business
- Mint
Code junkies make way for AI pros as skills landscape shifts
Employers are keen on hiring tech pros skilled in artificial intelligence rather than traditional coding, even as roles diminish in project management, data analysis and content marketing, a Mint+Shine Talent Insights study found. The study, based on responses from 1,300 job seekers and 251 HR executives in the January-March period, reflects the changing landscape of skills sought by Indian companies. "29% survey respondents reported a decline in demand for traditional coding roles compared to last year. Entry-level coding and support jobs may decline, but high-value, AI-assisted engineering and product roles are on the rise," the study said. Despite the crests and troughs in the job market, the IT sector remained one of India's top recruiters in 2024, accounting for 37% of the total hiring. "Rising demand for IT services, digital transformation across industries, emerging tech and startups, rapid adoption of AI, remote working supporting global hiring and ample talent pool are key growth drivers for this industry," the study noted. "The job market is evolving faster than ever, and so are the expectations. AI is transforming how we work, but it's also redefining what we value. Only those who grow with the change will stay relevant in the new world of work," said Akhil Gupta, chief executive officer (CEO), Hence, companies catering to new-age skills have been a bright spot, witnessing continued demand and fundraising, in an otherwise gloomy edtech sector. Companies like upGrad and Eruditus have raised new rounds of funds, while others like Physics Wallah, which earlier operated in adjacent segments like test prep and K-12, have diversified into upskilling to cash in on the growing demand. Also read | Coding is currently GenAI's killer app, says Databricks AI head Naveen Rao Companies have seen the shift in the demand for specific skill sets, where some of the popular ones are getting phased out, also resulting in the need to upskill. "Technology has always evolved in cycles—from trials and proofs-of-concept to mass production and commoditization. Today, we are amid one such cycle, where digital technologies like AI and automation are transforming industries with unprecedented pace and breadth," said Amit Chadha, chief executive officer and managing director, L&T Technology Services. Chadha pointed out that skills that were "once central to traditional engineering such as standalone computer-aided design (CAD), computer aided manufacturing (CAM), or manual testing, are gradually giving way to integrated, intelligent, and automation-driven approaches. CADs and CAMs are often used to build prototypes. Banking, Financial Services, and Insurance (BFSI) and e-commerce are among sectors that remain attractive. In fact, the banking sector may have hired fewer than the previous year, but remains one of the top recruiters. Mint had reported in April that lenders had over-hired after the pandemic and underestimated the growth of digital services, and now recruitment in the lower orders has eased a bit. In the e-commerce industry, logistics and dark stores continue to recruit in good numbers. Read this | Talent shortage, candidates' demands delay hiring closures: Mint+Shine study Global capability centres (GCC), essentially dedicated technical centres for global companies, are another talent-guzzler. The study pointed out that GCCs in India are set to create 425,000-450,000 new jobs this year. RPG Group said it is using strategic skill mapping, customized learning programmes and cross-functional gigs to update talent. "Siloed technical expertise and professionals with narrow technical skills without adaptability may find their roles getting limited as interdisciplinary knowledge is becoming more valuable," cautioned Supratik Bhattacharyya, chief talent officer at the group. Whether established business houses or startups, companies are scanning the talent pool for AI-based skill sets. "The shift is clear: it's no longer about 'Do you know AI?' but "Can you apply AI to solve a business problem in your domain in real-world scenarios?" said Mayank Kumar, co-founder, upGrad. The upskilling platform says it has seen a 40% quarterly uptick in the March quarter for a host of AI-related courses. Similarly, Raman Khanduja, co-founder and CEO at MintOak Innovations, a company that helps banks innovate and compete with new-age fintechs, sees routine coding, manual operations and narrowly defined roles losing relevance. 'What's gaining ground are skills that harness the power of AI, not just in engineering, but also in areas like data analysis, customer insights and content syndication." While firms are scanning the job market for the right candidate, Dale Vaz, co-founder of stock trading platform Sahi, points out how AI models have boosted business. "Our brokerage, for example, is priced at just ₹10 per order—50% lower than many leading brokers—thanks to our AI-first cost structure," said Vaz, the former chief technology officer (CTO) of e-commerce company Swiggy. And read | AI to play a key role in hiring, but aspirants prefer human contact: report
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Business Standard
22-04-2025
- Business
- Business Standard
UBS to sell wealth management biz to 360 One, to take 4.95% stake in it
360 ONE Wealth and Asset Management Ltd (360 ONE) on Tuesday said it proposes to acquire wealth management business of UBS India. Under the proposed deal, Switzerland-headquartered UBS India will pick up a 4.95 per cent stake in 360 ONE through warrants, according to an exchange filing. As part of this collaboration, it is proposed that clients from both institutions will have access to onshore and offshore wealth management solutions, 360 One said in a regulatory filing. Potential collaborative opportunities for asset management products and investment banking services will also be explored, it said. In addition, 360 ONE will acquire UBS's onshore wealth management business in India through its subsidiaries, it said. UBS will also purchase warrants amounting to 4.95 per cent stake in 360 ONE, demonstrating UBS's commitment to the fast-growing ultra and high-net-worth Indian market, it said. The entire transaction will be subject to the necessary regulatory approvals, it added. "A joint committee led by senior leadership from both institutions will be established to explore growth opportunities. This is a first step towards a powerful collaboration, which will further enhance the value proposition and unlock synergies for our clients and employees," it said. With this transaction, it opens the way for a global, personalized, and sophisticated wealth management experience for both sets of clients as well as significant value enhancement to our employees and shareholders, Akhil Gupta, Chairman, 360 ONE said. "We are proud of this latest milestone and convinced that this strategic collaboration with 360 ONE will help accelerate our momentum in one of the world's most significant and fastest-growing markets. "Together, we are best placed to serve our global Indian clients wherever they are as they seek greater opportunities, both domestically and globally," UBS Co-Head Global Wealth Management Asia Pacific Jin Yee Young said.
Business Mayor
22-04-2025
- Business
- Business Mayor
360 ONE WAM to acquire UBS India wealth biz in Rs 307 crore deal
360 ONE WAM Ltd on Tuesday announced the acquisition of UBS AG's India wealth management business in a transaction valued at Rs 307 crore, further strengthening its presence in the domestic wealth management sector. The deal includes stock broking, portfolio management, and distribution businesses, alongside the residual loan portfolio of wealth management clients, with active assets under management of approximately Rs 26,000 crore as of December 31, 2024. As part of the agreement, 360 ONE WAM will issue 2.05 crore warrants to UBS AG at Rs 1,030 per warrant. Upon conversion, this will give UBS a 4.95% equity stake in 360 ONE WAM Ltd. 360 ONE WAM shares closed at Rs 953.70 on BSE on Monday, down 0.22 per cent. The deal also includes a broader strategic collaboration between the two firms as it will allow both companies to offer integrated onshore and offshore wealth management solutions. A joint committee will be formed to explore further growth opportunities under this alliance. 'This collaboration represents a strategic leap forward for both 360 ONE WAM and UBS AG—one that strengthens our position as a market leader in India and UBS's offering as the wealth manager of choice for Global Indians,' said Akhil Gupta, Chairman, 360 ONE WAM. Jin Yee Young, Co-Head Global Wealth Management Asia Pacific, UBS said, 'We are proud of this latest milestone and convinced that this strategic collaboration with 360 ONE will help accelerate our momentum in one of the world's most significant and fastest-growing markets. Together, we are best placed to serve our global Indian clients wherever they are as they seek greater opportunities, both domestically and globally.'
Time of India
22-04-2025
- Business
- Time of India
360 ONE WAM to acquire UBS India wealth biz in Rs 307 crore deal
360 ONE WAM Ltd on Tuesday announced the acquisition of UBS AG 's India wealth management business in a transaction valued at Rs 307 crore, further strengthening its presence in the domestic wealth management sector. The deal includes stock broking , portfolio management , and distribution businesses, alongside the residual loan portfolio of wealth management clients, with active assets under management of approximately Rs 26,000 crore as of December 31, 2024. As part of the agreement, 360 ONE WAM will issue 2.05 crore warrants to UBS AG at Rs 1,030 per warrant. Upon conversion, this will give UBS a 4.95% equity stake in 360 ONE WAM Ltd. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play this game for 3 minutes, if you own a mouse Undo 360 ONE WAM shares closed at Rs 953.70 on BSE on Monday, down 0.22 per cent. The deal also includes a broader strategic collaboration between the two firms as it will allow both companies to offer integrated onshore and offshore wealth management solutions. A joint committee will be formed to explore further growth opportunities under this alliance. Live Events 'This collaboration represents a strategic leap forward for both 360 ONE WAM and UBS AG—one that strengthens our position as a market leader in India and UBS's offering as the wealth manager of choice for Global Indians,' said Akhil Gupta, Chairman, 360 ONE WAM. Jin Yee Young, Co-Head Global Wealth Management Asia Pacific, UBS said, 'We are proud of this latest milestone and convinced that this strategic collaboration with 360 ONE will help accelerate our momentum in one of the world's most significant and fastest-growing markets. Together, we are best placed to serve our global Indian clients wherever they are as they seek greater opportunities, both domestically and globally.'
Yahoo
25-03-2025
- Automotive
- Yahoo
Proton launches its new e.MAS 7 BEV in Nepal
Malaysian national car company Proton announced it has entered the Nepalese battery electric vehicle (BEV) market with the launch of its 7 model, which was only launched in Malaysia in December. The automaker is targeting the rapid growth in the country's BEV segment, which it says has expanded more than ninefold in the last three years to account for around 73% of total vehicle sales. BEV sales in the country are understood to have increased to 10,794 units in 2024 from just 1,134 units in 2021, in line with the government's Green Mobility Vision. Proton also pointed out that the Nepal Electricity Authority (NEA) has pledged to build a network of over 300 charging stations across the country in the next three years. The launch event was held in the country's capital city Kathmandu and was attended by a number of Proton executives, including CEO Dr Li Chunrong. The automaker's local distributor, Jagdamba Motors Pvt Ltd, was represented by executive director Akhil Gupta and managing director Sahli Agrawal, as well as by Shanker Lal Agrawal - chairman of its parent company Shanker Group. Proton said it currently has three sales outlets operating in the country, but plans to expand the network to 12 by the end of the year. "Proton launches its new 7 BEV in Nepal" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
