Jan 16-31, 2024 - Vol 4, Issue 12
INDIA NEWS
Hiring in Indian IT sector declines 21% in Dec, AI jobs see growth
New Delhi, Jan 9 (IANS) Hiring in the Indian IT sector declined 21 per cent in December 2023 as against the same month in 2022, displaying similar trends as seen in most of the second half of last year, a report said on Tuesday. Full stack data scientist, IT infrastructure engineer and automation engineer were some of the job roles that saw decent hiring despite a cautious job market for the IT industry, according to Naukri JobSpeak Index. Sectors like BPO, education, retail and healthcare were some of the major sectors that displayed
cautious hiring sentiments, declining by 17 per cent, 11 per cent, 11 per cent and 10 per cent, respectively, in job offers in December as against the corresponding month of 2022.
recovery in IT hiring,” he added.
The major sectors that witnessed job growth in December were hospitality and pharma. New job offers for AI stood out with 5 per cent growth in the latest month as against the corresponding month of 2022.
The job growth for this sector is the highest in the cities of Mumbai and Delhi-NCR. Senior professionals with over 16 years of experience emerged as the most sought-after candidates for hiring in the sector.
"We observe marginal sequential growth of 2 per cent in December hiring activity compared to November, driven by non-IT sectors,” said Dr. Pawan Goyal, Chief Business Officer of Naukri. com.
The Pharma sector saw an increase in hiring of 2 per cent. There has been a renewed focus on R&D in the Pharma sector which has led to its growth and jump in placements, said the report.
However, the IT sector continued to be significantly impacted pulling the overall index down in comparison to last year, signalling a longer wait for a complete
The non-metros outshined the metros. Vadodara registered a growth of 3 per cent in new job offers in the latest month as against the same month of 2022, the report added.
New Delhi, Jan 8 (IANS) The maiden edition of Inland Waterways Development Council (IWDC) chaired by Union Minister of Ports, Shipping & Waterways Sarbananda Sonowal in Kolkata on Monday has committed an investment of Rs 45,000 crore for the development of river cruise tourism in the country. An estimated Rs 35,000 crore of this ambitious allocation has been earmarked for cruise vessels while Rs 10,000 crore will be invested for the development of cruise terminal infrastructure by 2047. Sonowal also launched ‘Harit Nauka’ guidelines and ‘River Cruise Tourism Roadmap, 2047’ at the inaugural session of IWDC. “The immense growth potential must be realised as we work towards becoming a leader in the Blue Economy of the world, in accordance with the vision of Prime Minister Narendra Modi,” Sonowal said.
In an effort to boost infrastructure in the inland waterways, the number of river cruise terminals will be increased up to 185, from the present strength of 15 terminals. Building on the capacity of enhanced circuits, the cruise tourism traffic with night stays to be increased from 5,000 to 1.20 lakh by 2047. Similarly, the local cruise tourism traffic on National Waterways without night stay to be increased from 2 lakh to 15 lakh by 2047. Sonowal said that with the launch of 'Harit Nauka – Guidelines for Green Transition of Inland Vessels,' MoPSW embarks on a journey towards a sustainable and eco-friendly future for our inland waterways. He said that the roadmap had identified 30+ additional potential routes for different cruise types, including long & short, recreational and heritage segments to attract all tourist
categories. He said that an action plan and roadmap, including route development, marketing strategy, infrastructure development and navigation to effectively proceed with developing such additional river cruises is also ready. He said that significant progress in waterway infrastructure includes the establishment of Multimodal Terminals at Varanasi, Sahibganj, and Haldia, enhancing regional connectivity.
The Group announced this decision during the Tamil Nadu www.indianews.com.au
Global Investors Meet 2024 held on Monday. A Memorandum of Understanding (MoU) was also exchanged at the investors' meeting by Karan Adani, Chief Executive Officer of Adani Ports and SEZ Limited (APSEZ) and the Tamil Nadu government.
New Delhi, Jan 8 (IANS) Google on Monday announced the second cohort of the GNI Startups Lab -- a 12-week catalyst programme that aims to help the next generation, independent, early-stage Indian news startups achieve financial and operational sustainability. Created in partnership with Anymind Group and T-Hub, the GNI Startups Lab India supports high-quality reporting for local communities, niche audiences and previously underserved communities across the country. "Chosen out of over 110 applicants from across India, the ten news startups cover a diverse array of categories of journalism, including investigative, political, medical, youth, climate, and local news that provides a voice to underrepresented communities," Durga Raghunath, Head of India News Partnerships, said in a blogpost. "The diverse cohort features newsrooms from around the country, producing news in multiple Indian languages,
including English, Hindi, Malayalam, Kannada, and Telugu," she added. Moreover, the tech giant mentioned that to support the news industry in tackling the scourge of misinformation, it partnered with subject matter experts to empower journalists and newsrooms with digital tools and skills needed to find, verify, and tell engaging stories while tackling the ever-evolving risk of misinformation. Through 2023, via efforts like the GNI India Training Network and Data Dialogue, Google supported the training of more than 15,000 journalists and journalism students in over 15 languages, impacting over 240 newsrooms and media colleges. In July last year, the company launched the GNI Indian languages programme in partnership with Mediology to help 400 language news publishers modernise their online presence and enhance user experiences across web, app and video formats so that more users can better access more content.
Hyundai Motor India to invest another Rs 6,180 cr in TN
“The Kalughat Intermodal Terminal is making substantial strides to facilitate seamless transportation and boost trade activities. The completion of a new Navigational Lock at Farakka enhances waterway navigability,” he said. He said that ongoing construction of over 60 community jetties underscores a commitment to local connectivity and accessibility. “These achievements collectively promote efficiency, connectivity, and local development in waterway infrastructure,” he said. He said that as part of the strategy to ramp up inland waterways for cargo trade, an investment of Rs 15,200 crore was proposed at the Global Maritime India Summit (GMIS) held in Mumbai in October, 2023.
Adani Group to invest Rs 42,768 crore in Tamil Nadu Chennai, Jan 8 (IANS) The multibusiness Adani Group has decided to invest a whopping Rs 42,768 crore in Tamil Nadu in renewable energy, cement manufacturing, data centre, city gas distribution and generate 10,300 employment opportunities.
Google announces 2nd cohort of GNI Startups Lab India
The hospitality sector continued its growth momentum in new job offers with a 4 per cent increase in hiring as compared to December 2022.
Govt plans to invest Rs 45,000cr to develop river cruise tourism A roadmap was drawn at the meeting to create capacity in an additional 26 waterways, fit for River Cruise tourism from the current operational strength of 8 waterways. The number of cruise circuits with night stays will be increased from 17 to 80 during the same time, according to an official statement.
BUSINESS & TRADE
The break-up of the investments by different Adani group companies are as follows: Adani Green Rs 24,500 crore (employment 4,000), Ambuja Cements Rs 3,500 crore (5,000), Adani Connex Rs 13,200 crore (1,000) and Adani Total Gas & CNG Rs 1,568 crore (300).
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Chennai, Jan 8 (IANS) Hyundai Motor India Limited (HMIL) on Monday said it will invest another Rs. 6,180 crore in Tamil Nadu apart from the earlier announced Rs 20,000 crore investment for electric vehicle and others between 2023-2032.
crore.
According to Hyundai Motor, out of the fresh investment announcement, Rs 180 crore will be for a dedicated ‘Hydrogen Valley Innovation Hub,’ in association with Indian Institute of Technology-Madras.
This collaboration with the state government goes beyond mere investment; it is a catalyst for cultivating a robust hydrogen technology ecosystem that mirrors our commitment to sustainability and a green future, said Unsoo Kim, Managing Director and CEO.
The car maker has signed an Memorandum of Understanding (MoU) with the Tamil Nadu government for investing Rs 6,180
The substantial investment is a testament of the company’s commitment to fortifying the state's pursuit to boost the socio-economic development in the state and make the country self-reliant.
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