Today's Tech Check- "Insights: GenZ's Work Priorities, US-India AI Task Force, Dairy Revolution, HCLTech Leadership Shift, FAME Compliance Clears Hero Electric & Okinawa Autotech"
Today's Tech Check- "Insights: GenZ's Work Priorities, US-India AI Task Force, Dairy Revolution, HCLTech Leadership Shift, FAME Compliance Clears Hero Electric & Okinawa Autotech"
27th April, 2024
“🚀 Dive into the latest buzz with Newstok! 📰 Get ready to fuel your curiosity and stay ahead of the curve with our exclusive newsletter. From hot industry trends to expert insights and insider tips, we've got you covered. Join our vibrant community of knowledge seekers and embark on a journey of discovery. Don't miss out – subscribe now and unlock a world of valuable content with Newstok!"
1. "GenZ's Top Work Priorities: Why It's More Than Just the Paycheck in 2023"
Gen Z, born between 1997 and 2012, will soon be the most populous generation, projected to make up 27% of the workforce by 2025.
Unlike previous generations, they prioritize jobs that align with their purpose, societal impact, and offer work-life balance, over just a paycheck.
They are the most tech-savvy generation, valuing continuous learning and professional growth. Many companies are implementing L&D programs to cater to these needs.
Businesses are adjusting recruitment strategies, focusing more on value propositions and skill-centric career development to attract and retain Gen Z talent.
Future workplace strategies for Gen Z involve continuous adaptation, leveraging older generations' expertise for leadership skill development, and fostering a growth-accelerating environment.
#workforce #Resources #leadership #environment
2. "US-India Business Council Gears Up for the Future: Launches AI Task Force with Meta as Co-Chair"
US-India Business Council Appoints Meta as Co-Chair of AI Task Force: The US-India Business Council (USIBC) has established an AI Task Force, choosing Meta as the co-chair to boost leadership in the AI domain between the U.S. and India.
High-Profile Leadership and Advisory Appointments: Key figures appointed to the AI board advisory panel include Inderpreet Sawhney from Infosys, Bala Subramania from UPS, and Akash Shah from BNY Mellon.
Aim of the AI Task Force: Dedicated to promoting common AI concepts and principles, enhancing both nations' industrial competitiveness in developing and commercializing AI, and ensuring these technologies benefit democratic societies.
Impact and Future Directions: Led by USIBC President Ambassador Atul Keshap, the initiative seeks to revolutionize industries and reinforce free societies through AI, demonstrating a significant move towards collaboration between the U.S. and India in the field of AI.
#AI #leadership #war #News #Article
3. "Revolutionizing India's Dairy Sector: How Dairytech Startups are Leading the White Revolution 2.0"
India is the leading milk-producing country globally, contributing 24% to the world’s milk supply with a 51% production increase from 2014 to 2022.
Despite advances, the country struggles with sourcing, storage, supply, and distribution in the dairy sector.
Dairytech startups are using IoT, AI, and ML to address these issues, improving cattle health monitoring, milk yield, and quality.
Challenges such as poor feed quality, animal healthcare, and disease management are being tackled by these ventures.
The Indian dairy industry is forecasted to grow to an INR 49.95 Lakh Cr opportunity by 2032, at a 13% CAGR from 2023.
Startups like Country Delight and Milk Mantra focus on quality and timely delivery, while others like Barosi and Happy Milk have adopted a D2C model.
Some startups cater to lactose intolerant or vegan consumers, including Alt Co and Oatey.
Innovations in logistics, distribution, and financing for dairy farmers are being developed by companies such as DVG, Dvara E-Dairy, and Stellapps.
However, the industry faces challenges like milk quality, financial accessibility for farmers, and the adoption of technology.
The sector's unorganised nature and the need for technical support remain key issues, with potential for growth through improved breeding, feeding practices, and enhanced financial products for rural areas.
The Indian dairy market, vital to the GDP and involving 300 million cattle and 80 million dairy farmers, promises significant opportunity for tech-driven growth and innovation.
#AI #technology #startup #health #innovation #Startup #logistics #Features #healthcare #GDP
4. "HCLTech Welcomes New Era of Leadership: Lee Fang Chew Appointed as Independent Director"
HCLTech Appointment: Lee Fang Chew named as an Independent Director, effective April 25, 2024.
Professional Background: Brings over 30 years of global technology sector experience; worked at Intel Corporation (1986-2016) in leadership roles and as VP of Strategic Alliances at Applied Materials (2017-2020).
Educational Qualifications: Alumna of the National University of Singapore with a Bachelor of Accountancy; leadership programs at Kellogg School of Management and Stanford University.
Industry Recognition: Named one of the 50 most powerful women in tech by VAR Business Magazine in 2006.
Leadership Comments: Roshni Nadar Malhotra, Chairperson of HCLTech, highlights Lee Fang Chew's appointment as a step towards diverse board leadership. Lee Fang Chew looks forward to contributing to HCLTech's growth in the evolving technology landscape.
Expected Impact: Lee Fang Chew's role is anticipated to significantly influence HCLTech's strategic direction in its next growth phase, "HCLTech 2.0".
#technology #leadership #war #strategic #News #Article
5. "Government Panel Clears Hero Electric & Okinawa Autotech in FAME Compliance Controversy"
Ministry of Heavy Industries committee exonerates Hero Electric and Okinawa Autotech from violating FAME II Scheme guidelines.
This decision follows a thorough assessment by the committee, as reported by Business Today.
Both companies were previously under scrutiny for allegedly misusing government subsidies.
The government had aimed to reclaim substantial sums: approximately INR 155 Cr from Hero Electric, INR 125 Cr from Okinawa, and INR 50 Cr from Benling.
The controversy centered around the phased manufacturing program (PMP) aimed at encouraging local production, which these companies were accused of not fully complying with yet benefiting from subsidies.
Legal action was considered against the accused companies for not returning the wrongly obtained subsidies.
The government's effort focuses on recovering funds from companies that did not meet localization requirements essential for subsidy eligibility under the FAME-II scheme, designed to support domestic EV manufacturing by subsidizing up to 40% of vehicle costs for compliant manufacturers.
#manufacturing #manufacturers #manufacturing #decision #Internet #EV #News
NewsTok.ai is your ultimate destination for daily news briefs bringing you the latest in business, technology, startups, and politics. NewsTok curates & summary daily news summary from authentic sources, all powered by the best AI.
"In addition to English, we're excited to announce that our news articles are now available in both Tamil and Hindi on our website! We believe in making our content accessible to a wider audience, and by offering translations in these languages, we hope to engage and connect with even more readers. So whether you prefer to read in English, Tamil, or Hindi, you can enjoy our latest updates and insights on our website. Happy reading!"
Download our app (iOS / Android) or Join our WhatsApp Channel to stay ahead in just 5 minutes!