Now Loading

Smartworks Appoints Kalpana Devnani as New CHRO

Smartworks, a provider of managed and customized office spaces in India, has announced the appointment of Kalpana Devnani as its Chief Human Resources Officer (CHRO).

Devnani brings over 13 years of HR leadership experience across various industries, including FMCG, cosmetics, quick-service restaurants (QSR), and banking. Her extensive background is expected to enhance Smartworks’ HR strategies and practices.

Prior to joining Smartworks, Devnani held key HR roles at Jubilant FoodWorks, ICICI Bank, Godrej Consumer Products, and Samara Capital, where she focused on emerging brands and international markets.

Iran Mourns as President Ebrahim Raisi and Foreign Minister Hossein Amirabdollahian Killed in Helicopter Crash

Iranian President Ebrahim Raisi and Foreign Minister Hossein Amir-Abdollahian were killed in a helicopter crash in the East Azerbaijan province on Sunday, Iranian state media reported. The Bell 212 helicopter carrying the high-ranking officials disappeared over a mountainous region amid heavy fog.

Iranian state television confirmed the absence of any signs of life among the helicopter’s passengers. “Upon finding the helicopter, there was no sign of the helicopter passengers being alive as of yet,” the broadcast stated.

Iranian state media released videos showing President Raisi onboard the helicopter, with footage depicting him looking out of an aircraft window and several senior officials, including Foreign Minister Amir-Abdollahian, seated opposite him.

In response to the tragedy, Iran’s Supreme Leader Ayatollah Ali Khamenei declared five days of national mourning. “I announce five days of public mourning and offer my condolences to the dear people of Iran,” Khamenei stated, expressing his grief over the loss of Raisi and the accompanying.

Following the death of President Raisi, Ayatollah Khamenei appointed Vice President Mohammad Mokhber to take over interim presidential duties. “In accordance with Article 131 of the constitution, Mokhber is in charge of leading the executive branch,” Khamenei announced. Mokhber is tasked with working alongside the heads of the legislative and judicial branches to organise presidential elections within a maximum period of 50 days.

The Iranian Foreign Ministry issued a statement honoring President Raisi and his delegation: “Among the believers are men who have proven true to what they pledged to Allah. Some of them have fulfilled their pledge others are waiting. They have never changed in the least.”

Prime Minister of India, Narendra Modi, expressed his sorrow over Raisi’s death: “Deeply saddened and shocked by the tragic demise of Dr. Seyed Ebrahim Raisi, President of the Islamic Republic of Iran. His contribution to strengthening India-Iran bilateral relationships will always be remembered. My heartfelt condolences to his family and the people of Iran. India stands with Iran in this time of sorrow.”

The tragic incident marks a significant moment of grief and transition for Iran, as the nation mourns the loss of its leader and prepares for the forthcoming presidential election.

International HR Day 2024 – Is Your Workplace Ready for AI? Discover What HR Leaders Think!

The workplace and Workforce have conveniently adopted AI in their routines. According to a report by Nasscom, India ranks first in AI skill penetration with a score of 3.09, driven by higher-than-average compensation and growth prospects.

The question arises, how will the future of the workplace look with AI and technology implementation? Another rising concern is the risk to jobs, as AI and automation dominate every industry. The stakes are really high as predicted by the McKinsey Global Institute, 800 million jobs globally at risk by 2030. On the commemoration of International HR Day, ObserveNow interacted with some of the prominent HR professionals and recorded their responses on ethical concerns attached to technology, AI adoption, the future of the workplace, and more in a candid conversation.

Future of WorkForce & Workplaces!

anindya-shee

Anindya Shee, VP HR at Jio, aptly remarks, “We are on the cusp of a singularity where disruptive technology is meeting an aspirational workforce. The result will be workforce models that we have not even thought about yet.” This intersection is driving a transformation that challenges traditional notions of employment and workplace environments.

NamitaPatwarNamita Patwari, CHRO at Alembic Pharmaceuticals Limited, emphasizes the shifting definition of the workplace and the workforce. “The definition of workplace is undergoing change and so is the workforce. I see more agile and moonlighting as a concept to be routine down the line few years,” she notes. Patwari envisions a future where employees will not be tied to a single job or workplace. This fluidity in employment will pose significant challenges for HR leaders, who must engage an ever-changing and multifaceted workforce. “Workplaces will be highly open and fluid,” she adds, underscoring the dynamic nature of future work environments.

Vishal SharmaVishal Sharma, Global Head of HR at Glenmark Pharmaceuticals, highlights another critical aspect of this transformation: the imperative for continuous learning and mental well-being. “The workforce will be under tremendous pressure to reskill and learn new skills. That would require creating a learning organization,” Sharma explains. The demand for cognitive resources will necessitate measures to reduce distractions and enhance mindfulness. This focus on mental health and well-being will become a cornerstone of organizational culture, ensuring that employees are not only skilled but also mentally resilient. “This will necessitate creating a huge focus in protecting mental health and fostering the well-being of employees,” Sharma concludes.

As we stand at the brink of this new era, it is clear that the future of work will be characterized by unprecedented fluidity, continuous learning, and a heightened emphasis on mental well-being. The roles of HR leaders will become more complex and integral, requiring innovative strategies to manage and engage a workforce that is both aspirational and dynamic.

Excelling with AI at Workplaces

The integration of artificial intelligence into workplaces is reshaping industries and redefining job roles at an unprecedented pace. As Anindya Shee, VP HR at Jio, observes, “AI is straddling a continuum of the value chain from transaction processing, rule-based robotic manufacturing to assisting in complex professional areas like diagnostics in medicine. This will lead to creative destruction with entire industries like traditional branch banking getting upended into a new form and format. The future will be exciting for sure.”

However, as AI takes over routine and predictable tasks, it poses a challenge to the core problem-solving abilities of organizations. Vishal Sharma, Global Head of HR at Glenmark Pharmaceuticals, cautions, “I fear we will create humanly dumb organizations if we do not cultivate a thinking organization. Problem-solving is at the heart of any organization and with the advent of AI, this ability might get diluted.” Sharma highlights the need for a balance, emphasizing, “While we talk about reskilling and upskilling, deskilling will become a new requirement. Organizations will need to focus on deskilling and unlearning strategies to cater to the growing need for reskilling. To remain relevant, adaptability and cross-cultural attitude will have to be fostered and recognized.”

Namita Patwari, CHRO at Alembic Pharmaceuticals Limited, envisions a future where AI is seamlessly integrated into daily operations. “Like smartphones are part of our routine now, so will AI. The functioning of routine and predictable tasks will be fully dependent on AI. Moving forward, the workforce will have roles that are unheard of today. The generative AI will give a great analysis of critical business challenges and possibilities. The workforce will need to learn to make use of these possibilities and convert them into business success.”

The successful integration of AI into workplaces will require a blend of technological proficiency, adaptability, and continuous learning. The future of work promises to be both challenging and exciting, with AI driving significant transformations across various sectors. While the discussions are ongoing and never-ending, ObserveNow proudly appreciates the role of HR in every organization and its efforts toward ensuring a workplace that is best to innovate, excel, and grow.

Stanza Living Secures Rs 110 Crore in Bridge Round Led by Alpha Wave

Managed accommodation provider Stanza Living has raised Rs 110 crore ($13 million) in a bridge funding round led by Alpha Wave, marking the first equity round for the Delhi-based startup in over three years. According to regulatory filings from the Registrar of Companies, the board approved a special resolution to issue 1,207 preference shares at Rs 911440.17 each.

Alpha Wave contributed Rs 83 crore, while Matrix Partners, Accel India, and Peak XV collectively invested Rs 27 crore. Data from TheKredible values Stanza Living at approximately Rs 3,900 crore ($470 million), a slight increase from Rs 3,525 crore ($424 million) in the previous round.

The company was previously reported to be seeking $25 million in funding. In March 2022, Stanza Living raised $57 million in debt led by Kotak Mahindra Bank and RBL Bank, and $100 million in equity in April 2021. To date, the startup has amassed over $230 million through equity and debt financing.

Stanza Living offers co-living solutions for professionals and students, boasting over 75,000 beds across 450+ residences in 24 cities. Its revenue rose to Rs 442 crore in FY23 from Rs 115 crore in FY22, although losses also increased by 18.71% to Rs 495 crore. The company has yet to file audited financial statements for FY24.

Stanza Living competes with Colive, Your Space, Settl, Union Living, and Coho. Last year, Tiger Global-backed home rental startup NestAway was acquired by Aurum PropTech at a 90% devaluation to $11 million.

Policybazaar Launches Claim Assurance Program to Expedite Motor Insurance Claims Across 1,000+ PIN Codes

Policybazaar has introduced its Claim Assurance Program to expedite motor insurance claims processing. This initiative aims to serve customers across more than 1,000 PIN codes, targeting both metropolitan areas and tier 2 and 3 regions.

Additionally, the company has rolled out a new advertising campaign to raise awareness about its efforts to streamline claims processing. From minor accidents to serious collisions, navigating the claims process can be challenging. Policybazaar is dedicated to making claims settlement quick and efficient, recognizing that while insurance offers a promise of future security, the true test of this promise is during the claims process.

The Claim Assurance Program provides a range of services designed to simplify car insurance claims for customers. Each policy includes benefits such as a dedicated claim manager to guide customers through the entire claims process and an on-ground support team to manage vehicle pick-up, repair, and delivery through a network of over 1,500 garages. Additionally, a 24/7 claims assistance helpline is available, even on public holidays.

“We understand that dealing with car damage and insurance claims can be stressful,” says Tarun Mathur, CBO, General Insurance, Policybazaar. “Our commitment to providing seamless support extends beyond promises; it’s about tangible actions. While no one anticipates an accident coming, we understand that it’s our duty to stand by our customers when they need it the most. Understanding the stress and uncertainty associated with claims, we have conceptualised the Claim Assurance Program which will offer immediate assistance and resolution.”

The new marketing campaign features a series of relatable advertisements that highlight Policybazaar’s comprehensive claims support, from fast vehicle pick-up to dependable assistance, aiming to enhance consumer perception of the claims experience.

Naveen Srivastava selected as Director (Operations)- PGCIL

Naveen Srivastava has been selected as the new Director (Operations) of Power Grid Corporation of India Limited (POWERGRID), according to a decision made by the Public Enterprises Selection Board (PESB).

Currently serving as the Executive Director for Northern Region III at POWERGRID, Srivastava’s appointment to the Director (Operations) position is contingent upon receiving vigilance clearances and approval from the Appointments Committee of the Cabinet.

Srivastava emerged as the top candidate among 12 other applicants interviewed during the selection process.

Srivastava’s extensive experience and leadership within the corporation positioned him as a suitable choice for the pivotal role of Director (Operations).

Experiential Learning initiatives can reinforce soft skill development; elucidates Dr. Dhruv Galgotia to ObserveNow Media

Preparing Students in a dynamic environment that is constantly changing has been a top challenge for educators today. From cultivating soft skills to emphasizing the importance of holistic learning and training them with industry-ready skillsets — there is so much that has changed from the traditional setup of the education system.

National Education Policy has been a key factor in all the transformation that is happening in the education realm. According to the findings of CollPoll NEP Survey 2022, more than 95 per cent of the institutions listed technology as the key enabler for the effective implementation of NEP. Over 63 per cent of respondents noted that technology adoption and effective planning for policy implementation and rollout will be a key accelerator for NEP adoption.

Dr. Dhruv Galgotia

Exploring the latest advancements, the role of AI in education, curriculum changes and a lot more Sheeba Chauhan, Senior Assistant Editor, ObserveNow interacted with Dr. Dhruv Galgotia, CEO, Galgotias University.

 

Here is an edited excerpt:

In what ways do you believe academic institutions can adapt their curriculum to better incorporate soft skills development alongside traditional academic subjects?

In today’s rapidly evolving job market, academic institutions must adapt their curriculum to not only impart traditional academic knowledge but also to cultivate essential soft skills in students. At Galgotias University, we recognize the importance of this holistic approach to education. To better incorporate soft skills development alongside traditional academic subjects, we have implemented several strategies. Firstly, we have redesigned our curriculum to include dedicated modules focused on communication, teamwork, problem-solving, and leadership. These modules are integrated seamlessly into our courses, providing students with practical opportunities to develop and apply these skills.

Additionally, we have introduced experiential learning initiatives such as group projects, case studies, and internships, which further reinforce soft skill development. Furthermore, our faculty members undergo training and professional development to effectively impart these skills to students, ensuring a comprehensive and impactful learning experience.

Could you share any initiatives or programs that Galgotias University has implemented to enhance students’ soft skills and prepare them for the demands of the modern workplace?

Galgotias University is committed to preparing our students for the demands of the modern workplace by providing comprehensive programs and initiatives aimed at enhancing their soft skills. One of our key initiatives is our collaboration with the National Skill Development Corporation (NSDC) to offer skill development programs tailored to industry needs. These programs cover a wide range of soft skills, including communication, interpersonal skills, and problem-solving. Additionally, we have implemented vocational training programs that provide hands-on experience and practical skills relevant to various industries. Across our schools and departments, we offer value-added programs that complement academic learning with practical skill development. For example, our School of Law hosts Moot Court sessions to improve students’ advocacy and communication skills, while our School of Hospitality and Tourism operates a functional restaurant to enhance customer service and teamwork abilities. Moreover, our partnerships with industry leaders such as Apple and Infosys enable us to offer specialized training programs like the iOS Development Centre, ensuring that our students are equipped with the latest skills and knowledge required by the industry.

With LinkedIn’s report highlighting the value of continuous skill updating, how does the university encourage its students and faculty to keep their skills fresh?

At Galgotias University, we understand the importance of continuous skill updating in today’s competitive job market. To encourage our students and faculty to keep their skills fresh, we have implemented a variety of initiatives and programs. Our short-term value-added program/courses cover emerging technologies and industry-relevant topics, allowing students to acquire new skills quickly and efficiently. Additionally, our industry affiliation programs and visits provide students with exposure to real-world scenarios and insights into industry trends and practices. We also prioritize the professional development of our faculty through Faculty Development Programs (FDP) and training sessions conducted by industry experts and premier institutions. By investing in continuous learning and skill development, we ensure that our students and faculty remain at the forefront of their respective fields.

How does Galgotias University prepare its students to complement these technologies in the context of AI and technology transforming the workplace?

As AI and technology continue to transform the workplace, Galgotias University is dedicated to preparing our students to excel in this dynamic environment. Our approach to education goes beyond technical knowledge and emphasizes the development of critical thinking, problem-solving, and adaptability skills. Through our curriculum, students gain a deep understanding of AI and technology concepts, as well as hands-on experience through projects, internships, and industry collaborations. We also offer specialized training programs and workshops that focus on the practical applications of AI and technology in various industries. Moreover, our faculty members actively incorporate AI and technology-related topics into their teaching, ensuring that students are well-prepared to leverage these technologies to drive innovation and success in their careers.

Certain soft skills like organizational skills, teamwork, problem-solving, and communication are linked to faster promotions. According to you, what are the various skill sets that can make an individual excel in the industry?

In addressing the question of soft skills linked to faster promotions, Galgotias University employs a multifaceted approach rooted in a T-shaped model of skill development. Our curriculum emphasizes both breadth and depth, incorporating interdisciplinary and transdisciplinary perspectives alongside a focus on one skill area for in-depth mastery.

For instance, while foundational soft skills like organizational abilities, teamwork, and effective communication are essential across industries, we encourage students to delve deeply into one specific skill area relevant to their career aspirations. This approach allows them to develop a comprehensive skill set while also becoming experts in a particular domain.

By combining breadth and depth in soft skills development, Galgotias University prepares students to excel in the industry by equipping them with a well-rounded skill set that meets the demands of today’s dynamic workplace.

Reckitt appoints Kanika Kalra as Regional Marketing Director- Health & Nutrition

Reckitt, a consumer health and hygiene company, has appointed Kanika Kalra as the Regional Marketing Director for Health & Nutrition in South Asia. Kalra joins the company from McKinsey & Company, bringing over 20 years of diverse experience across personal care, beauty, food and beverage, fashion, and e-commerce sectors.

In her new role, Kalra will be responsible for leading marketing strategies for Reckitt’s portfolio of health and nutrition brands across India and other South Asian markets. Her expertise is expected to drive growth and innovation within these key regions.

Prior to her tenure at McKinsey, Kalra held significant roles at Snapdeal, Unilever in Personal Care, Pepsico, and GSK Consumer. Her extensive background in both consultancy and industry positions her well for this strategic leadership role at Reckitt.

ICICI Bank appoints Soumendra Mattagajasingh as CHRO

ICICI Bank has announced the appointment of Soumendra Mattagajasingh as the Group Chief Human Resources Officer (CHRO), effective May 1. This decision, approved by the Board, places Mattagajasingh among the senior management personnel of the bank. He succeeds T K Srirang, who has transitioned to the role of Joint Managing Director at ICICI Securities.

With over 27 years of professional experience, including more than 21 years at ICICI Bank, Mattagajasingh brings extensive expertise to his new role. He joined the bank in September 2002 and has been serving as the Head of Business HR and Employee Relations. His background in human resources covers various areas such as business HR, employee relations, leadership development, training, and policy formulation.

Before his tenure at ICICI Bank, Mattagajasingh worked at HPCL and NMDC. He holds a Master’s degree in Industrial Relations from Berhampur University

Veranda Launches Generative AI Course in Collaboration with University of Cambridge Online

Brain4ce Education Solutions Pvt Ltd (operating as Edureka), a wholly-owned subsidiary of the publicly listed Veranda Learning Solutions Limited (BSE: 543514, NSE: VERANDA), has announced the launch of a pioneering Generative AI Course in partnership with the University of Cambridge Online.

This course on Generative AI in Business aims to equip professionals with the knowledge and skills necessary to integrate generative AI into organizational structures effectively. Generative AI is revolutionizing various industries by transforming business operations and fostering innovation. To help professionals leverage this technology, Edureka and the University of Cambridge Online have designed a comprehensive program covering the essential principles and techniques of generative AI.

“We are thrilled to partner with the University of Cambridge Online to offer this groundbreaking course,” said Vineet Chaturvedi, CEO of Edureka. “As AI technologies continue to reshape business landscapes, it’s crucial for professionals to stay ahead and acquire the skills needed to drive innovation. This collaboration offers a unique opportunity to gain expertise in generative AI and enhance organizational growth.”

The course will provide a deep understanding of how generative AI can drive innovation, improve decision-making, and unlock new growth opportunities. Participants will benefit from expert-led instruction, hands-on exercises, and real-world case studies, ensuring practical skills and insights that can be immediately applied in business settings.

Ellen Wilson, Managing Director of Cambridge Online Education, added, “We are excited to bring this course to learners worldwide. At the University of Cambridge Online, we are committed to excellence in education and research. Our partnership with Edureka reflects our shared vision of empowering professionals with cutting-edge skills to succeed in today’s dynamic business environment.”

Upcoming Conferences