Principal Financial Group Inc. acquired a new position in Repay Holdings Co. ( NASDAQ:RPAY – Free Report ) during the third quarter, HoldingsChannel.com reports. The fund acquired 137,514 shares of the company’s stock, valued at approximately $1,122,000. Other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in Repay by 8.8% during the 1st quarter. Janus Henderson Group PLC now owns 2,871,790 shares of the company’s stock worth $31,589,000 after buying an additional 233,334 shares in the last quarter. Marshall Wace LLP acquired a new position in Repay during the second quarter valued at approximately $1,365,000. American Century Companies Inc. grew its stake in Repay by 6.7% in the second quarter. American Century Companies Inc. now owns 2,532,717 shares of the company’s stock valued at $26,745,000 after purchasing an additional 158,668 shares in the last quarter. Millennium Management LLC increased its position in shares of Repay by 182.1% during the 2nd quarter. Millennium Management LLC now owns 2,329,671 shares of the company’s stock worth $24,601,000 after purchasing an additional 1,503,919 shares during the last quarter. Finally, River Road Asset Management LLC raised its stake in shares of Repay by 89.9% during the 3rd quarter. River Road Asset Management LLC now owns 1,891,109 shares of the company’s stock worth $15,431,000 after purchasing an additional 895,429 shares in the last quarter. Institutional investors and hedge funds own 82.73% of the company’s stock. Insider Activity In other news, EVP Jacob Hamilton Moore sold 210,632 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $8.31, for a total value of $1,750,351.92. Following the completion of the sale, the executive vice president now owns 240,130 shares of the company’s stock, valued at approximately $1,995,480.30. The trade was a 46.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link . Over the last quarter, insiders have sold 269,524 shares of company stock valued at $2,222,784. 11.00% of the stock is owned by insiders. Analyst Ratings Changes Check Out Our Latest Research Report on Repay Repay Trading Up 0.2 % RPAY stock opened at $8.05 on Friday. Repay Holdings Co. has a one year low of $7.04 and a one year high of $11.27. The stock has a market cap of $785.92 million, a price-to-earnings ratio of -9.25 and a beta of 1.44. The company has a fifty day moving average price of $8.07 and a two-hundred day moving average price of $9.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.70 and a quick ratio of 2.70. Repay ( NASDAQ:RPAY – Get Free Report ) last announced its earnings results on Tuesday, November 12th. The company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. The business had revenue of $79.15 million during the quarter, compared to the consensus estimate of $78.97 million. Repay had a negative net margin of 25.53% and a positive return on equity of 8.73%. Repay’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 EPS. Equities analysts anticipate that Repay Holdings Co. will post 0.73 EPS for the current year. About Repay ( Free Report ) Repay Holdings Corporation, payments technology company, provides integrated payment processing solutions to industry-oriented markets in the United States. It operates through two segments: Consumer Payments and Business Payments. The company's payment processing solutions enable consumers and businesses to make payments using electronic payment methods. Featured Articles Want to see what other hedge funds are holding RPAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Repay Holdings Co. ( NASDAQ:RPAY – Free Report ). Receive News & Ratings for Repay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Repay and related companies with MarketBeat.com's FREE daily email newsletter .
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Ruud van Nistelrooy treated himself to a beer after enjoying a perfect start to his reign as Leicester manager. Van Nistelrooy’s first game in charge ended with a 3-1 win over West Ham, thanks to goals from Jamie Vardy, Bilal El Khannouss and Patson Daka. The Dutchman, who was out of work for just two weeks following his four-game spell as Manchester United interim boss, only started on Sunday so was happy to end a hectic three days in style. “It has been very busy getting to know everyone, start working together,” he said. “Everybody was involved with that and helping, it was busy, long days, but worth it. I was focused on the game and what the game needed, the subs, the half-time talk, so focused on the moment, so I am going to get myself a little beer and reflect on the last three days.” He endured a dream start as Vardy scored after just 98 seconds with El Khannouss and Daka adding second-half goals. It was by no means one-way traffic, though, as West Ham – who scored a consolation through Niclas Fullkrug at the death – had 30 shots on goal. But Van Nistelrooy saw enough to think he can deliver on his objective of keeping the Foxes in the Premier League. “I am very happy, if you look at the result – and it is about the result – it was a great night, three points, three good goals and also very effective. Ruud at the wheel 🛞 pic.twitter.com/eVgIwWAcYw — Leicester City (@LCFC) December 3, 2024 “Overall the game of course we have seen and how dominant West Ham were at certain stages and what they created, that is a fact and something we have to look at. “Overall, what I expected of the players going forward was togetherness and hunger, energy and spirit in this team that is fighting for every inch. “Eleven players on the pitch who are fighting as a foundation to play the rest of the Premier League. I saw that completely with every single player that started and came on. “That’s the foundation we have to build on, without that it will be impossible to get where we want to go. I am very happy about that.” West Ham’s hierarchy will have seen what impact a managerial change can have as the jury remains out on Julen Lopetegui, with away fans making their feelings clear by chanting “You’re getting sacked in the morning”. Lopetegui expects to keep his job but forthcoming games against his former club Wolves, Bournemouth, Brighton and Southampton could determine the Spaniard’s future. “The only thing that I am worried about is to go to training session tomorrow and stand up the players and prepare the next challenge,” he said. “We have one month of December with a lot of matches and I am sure with this attitude we are going to achieve many more points. “I believe in the players. I am confident that tomorrow we are going to be ready to prepare the next match. “Understanding the question, but at the end of the season maybe we talk in another way. There are a lot of matches and points, a lot of things can happen. “I believe in these players and team, I am sure the position is going to be much better. They are only words but we have to work a lot to achieve this.”Private banks achieve priority sector targets for first time in FY'24Published 7:54 pm Sunday, December 29, 2024 By Data Skrive Ranked teams are on the Monday college basketball schedule in eight games, including the Monmouth Hawks playing the Auburn Tigers. Watch men’s college basketball, other live sports and more on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Use our link to sign up. Get the latest news sent to your inbox Catch tons of live college basketball , plus original programming, with ESPN+ or the Disney Bundle.
LANDOVER, Md. (AP) — Jimmy Carter was honored with a moment of silence before the Atlanta Falcons’ game at the Washington Commanders on Sunday night, hours after the 39th president of the United States died at the age of 100 in Plains, Georgia. Beyond being a Georgia native who led the country from the White House less than 8 miles (12 kilometers) away during his time in office from 1977-81, Carter was the first president to host the NFL's Super Bowl champions there when he welcomed the Pittsburgh Steelers in 1980. Falcons owner Arthur Blank in a statement released by the team before kickoff said he was deeply saddened by the loss of his dear friend and mentor, calling Carter “a great American, a proud Georgian and an inspirational global humanitarian.” “He lived his life with great civic responsibility and took it upon himself to be the change he wished to see amongst other,” Blank said, recalling meeting Carter at The Home Depot. “President Carter’s kind and uniting spirit touched so many lives. He was a man of deep faith, and did everything with principal and grace, doing things the right way for the right reasons." ___ AP NFL: https://apnews.com/hub/nfl Stephen Whyno, The Associated PressWith a focus on human rights, US policy toward Latin America under Jimmy Carter briefly tempered a long tradition of interventionism in a key sphere of American influence, analysts say. Carter, who died Sunday at the age of 100, defied the furor of US conservatives to negotiate the handover of the Panama Canal to Panamanian control, suspended aid to multiple authoritarian governments in the region, and even attempted to normalize relations with Cuba. Carter's resolve to chart a course toward democracy and diplomacy, however, was severely tested in Central America and Cuba, where he was forced to balance his human rights priorities with pressure from adversaries to combat the spread of communism amid the Cold War standoff with the Soviet Union. "Latin America was fundamental and his global policy was oriented toward human rights, democratic values and multilateral cooperation," political analyst Michael Shifter of the Inter-American Dialogue, a think tank in Washington, told AFP. During his 1977-1981 administration, which was sandwiched between the Republican presidencies of Gerald Ford and Ronald Reagan, the Democrat sought to take a step back from US alignment with right-wing dictatorships in Latin America. - Panama Canal - An important symbol of Carter's approach was the signing of two treaties in 1977 to officially turn over the Panama Canal in 1999. "Jimmy Carter understood that if he did not return the canal to Panama, the relationship between the United States and Panama could lead to a new crisis in a country where Washington could not afford the luxury of instability," said Luis Guillermo Solis, a political scientist and former president of Costa Rica. Carter called the decision, which was wildly unpopular back home, "the most difficult political challenge I ever had," as he accepted Panama's highest honor in 2016. He also hailed the move as "a notable achievement of moving toward democracy and freedom." On Sunday, Panamanian President Jose Mulino praised Carter for helping his country achieve "full sovereignty." During his term, Carter opted not to support Nicaraguan strongman Anastasio Somoza, who was subsequently overthrown by the leftist Sandinista Front in 1979. But in El Salvador, the American president had to "make a very uncomfortable pact with the government," said Shifter. To prevent communists from taking power, Carter resumed US military assistance for a junta which then became more radical, engaging in civilian massacres and plunging El Salvador into a long civil war. Carter took a critical approach to South American dictatorships in Argentina, Chile, Uruguay and Paraguay, suspending arms deliveries and imposing sanctions in some cases. But his efforts "did not achieve any progress in terms of democratization," said Argentine political scientist Rosendo Fraga. - 'Let's go to the ball game' - The American president also tried to normalize relations with Cuba 15 years after the missile crisis. He relaxed sanctions that had been in force since 1962, supported secret talks and enabled limited diplomatic representation in both countries. "With him, for the first time, the possibility of dialogue rather than confrontation as a framework for political relations opened up," Jesus Arboleya, a former Cuban diplomat, told AFP. But in 1980, a mass exodus of 125,000 Cubans to the United States, with Fidel Castro's blessing, created an unexpected crisis. It "hurt Carter politically with the swarm of unexpected immigrants," said Jennifer McCoy, a professor of political science at Georgia State University. Castro continued to support Soviet-backed African governments and even deployed troops against Washington's wishes, finally putting an end to the normalization process. However, more than 20 years later, Carter made a historic visit to Havana as ex-president, at the time becoming the highest-profile American politician to set foot on Cuban soil since 1959. During the 2002 visit, "he made a bold call for the US to lift its embargo, but he also called on Castro to embrace democratic opening," said McCoy, who was part of the US delegation for the trip, during which Castro encouraged Carter to throw out the ceremonial first pitch at a Cuban All-Star baseball game. "Castro was sitting in the front row and we were afraid he would rise to give a long rebuttal to Carter's speech. But he didn't. He just said, 'Let's go to the ball game.'" Cubans "will remember with gratitude his efforts to improve relations," the island's current leader Miguel Diaz-Canel said on Sunday. In the years following Carter's presidency, Ronald Reagan (1981-1989) would go on to resume a full-frontal confrontation with Cuba. Decades later, Barack Obama (2009-2017) opened a new phase of measured normalization, which Donald Trump (2017-2021) brought to an end. US President Joe Biden promised to review US policy toward Cuba, but hardened his stance after Havana cracked down on anti-government protests in 2021. "Carter showed that engagement and diplomacy are more fruitful than isolation," McCoy said. bur-lp-rd-jb/lbc/mlr/bfm/sst/bbk/nro/acbQatar Participates in 8th Arab Housing Conference in Algeria
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December 19, 2024 This article has been reviewed according to Science X's editorial process and policies . Editors have highlightedthe following attributes while ensuring the content's credibility: fact-checked peer-reviewed publication trusted source proofread by Suzi Morales, University of Texas at Austin Stock investments by politicians have long drawn public scrutiny. Under a 2012 law , members of the U.S. Congress must disclose transactions over a $1,000 threshold. Early in the COVID-19 pandemic, lawmakers on both sides of the aisle were criticized for trading in everything from remote work technologies to telemedicine. But less attention has been paid to what companies might gain from having politicians as shareholders. New research from Texas McCombs finds one indirect benefit: It might insulate companies from activist investors such as Carl Icahn or Nelson Peltz, who press for changes in their operations to drive up stock prices. Timothy Werner, professor of business, government, and society, found that having shareholders who are Democratic members of Congress tends to discourage such investors. Typically, he says, "An activist investor 's main strategy is to come into a firm, cut costs, and effect changes in the hopes of quickly driving up shareholder value or stock price. Then, they sell and exit the firm." Often, their cuts include corporate social responsibility (CSR) or environmental, social, and governance (ESG) programs. Democratic politicians are more likely to be concerned about such initiatives, whether because of their own ideological bents or because they want to appear associated with companies that support such causes. Activist investors can find out whether Democratic politicos are shareholders from public investment disclosures, as well as websites and social media feeds that track politicians' investments. They'll tend to steer away from such companies, Werner theorized, to avoid public battles with Democrats, who are more likely to fight cuts to CSR and ESG. "If you look nationwide, if you look at the most recent presidential campaign, there's been a real emergence of a partisan divide around corporate social responsibility and ESG," Werner says. To test his theory, with co-authors Mark DesJardine of Dartmouth College and Wei Shi of the University of Miami, Werner looked at data on politicians' investments in S&P 1500 companies from 2004 to 2018. He correlated them with challenges to those companies by activist investors. " Shareholder Activism and the Deterrence Effect of Democratic Politician Shareholders " is published in Organization Science . The researchers found: Having even one Democratic politician as a shareholder decreased the likelihood of an activist challenge 10%. The presence of a highly prominent Democrat reduced these chances further. So did the presence of a more Democratic-leaning board of directors. The research did not find an effect from having Republican politicians as shareholders, Werner says, because they tend to be less interested in regulating businesses and less likely to scare off financial activists. His findings don't mean that companies should court individual lawmakers to invest, he says. That would invite ethical concerns and public scrutiny. It's safer to stick with traditional relationship-building efforts, such as lobbying. Is the Democratic deterrence effect helpful for average investors? Werner says it depends on their financial and ideological goals. Some don't want to dissuade activist investors, because they can encourage fiscal discipline and boost stock prices in the short run. But an investor who cares about CSR and ESG may welcome the effect, he says. "If someone's thinking about the social and environmental performance as well, and they're willing to make a trade-off in terms of financial gain, they might be happy to see these folks deterred." More information: Mark R. DesJardine et al, Shareholder Activism and the Deterrence Effect of Democratic Politician Shareholders, Organization Science (2024). DOI: 10.1287/orsc.2023.17495 Journal information: Organization Science Provided by University of Texas at AustinPhotos: Remembering former President Jimmy CarterA try, a scrap with a star and a trophy from grandma: Sione’s incredible day
LANDOVER, Md. (AP) — Jimmy Carter was honored with a moment of silence before the Atlanta Falcons’ game at the Washington Commanders on Sunday night, hours after the 39th president of the United States died at the age of 100 in Plains, Georgia. Beyond being a Georgia native who led the country from the White House less than 8 miles (12 kilometers) away during his time in office from 1977-81, Carter was the first president to host the NFL’s Super Bowl champions there when he welcomed the Pittsburgh Steelers in 1980. Falcons owner Arthur Blank in a statement released by the team before kickoff said he was deeply saddened by the loss of his dear friend and mentor, calling Carter “a great American, a proud Georgian and an inspirational global humanitarian.” “He lived his life with great civic responsibility and took it upon himself to be the change he wished to see amongst other,” Blank said, recalling meeting Carter at The Home Depot. “President Carter’s kind and uniting spirit touched so many lives. He was a man of deep faith, and did everything with principal and grace, doing things the right way for the right reasons.” ___ AP NFL: https://apnews.com/hub/nfl
This week, social media was abuzz with controversy surrounding the qualifications of certain politicians within the ruling party and Opposition. The Opposition emphasised the importance of transparency and honesty in leadership, arguing that openly sharing qualifications is essential for maintaining public trust and accountability. They assert that this underscores a core principle of democratic governance: honesty as the foundation of public trust as highlighted by the NPP. However, less than a month after the last General Election, this very principle seems to have backfired on the NPP, following the Speaker’s debacle. It is worth noting that educational qualifications are not a requirement to serve as a Member of Parliament in Sri Lanka. The eligibility criteria are limited to citizenship and being over 18 years of age. At this critical juncture, what matters far more is charting a viable pathway out of the ongoing economic crisis. Sri Lanka faces significant debt payments due by 2027, and as the new year approaches, the focus must shift toward recovery and reform. Peter Breuer, Senior Mission Chief for Sri Lanka, has consistently emphasised that while the country has made commendable progress in its recovery efforts, it is still not out of the woods. Safeguarding the hard-won gains remains imperative. To fully overcome the man-made crisis of 2021, the nation must prioritise the following five key areas: 1. Stabilisation of the economy and debt management Sri Lanka must restore economic stability through disciplined fiscal management and sustainable debt restructuring. Debt of Sri Lanka is unsustainable, the roots of the crisis, was commercial borrowing for development. Therefore it is important to restore debt sustainability. Continued engagement with international financial institutions, such as the IMF, will help build investor confidence. Attracting foreign direct investment (FDI) in sectors like manufacturing, tourism, logistics, power and technology is vital for recovery and long-term growth. 2. Strengthening energy security Addressing the energy crisis is critical. Transitioning toward renewable energy sources—solar, wind, and hydropower—will reduce dependence on costly fuel imports while aligning with global sustainability trends. Investments in infrastructure and energy policy reforms can transform Sri Lanka into a more energy-resilient nation, lowering costs for low income households and industries. 3. Skill development Reforming the education system to match global standards is essential. Emphasising digital literacy, technical skills, and critical thinking will prepare the youth for a competitive regional economy. Public-private partnerships for vocational training and entrepreneurship development can bridge the gap between education and employment, addressing both skill shortages and unemployment. 4. Agricultural productivity and food security Boosting agricultural efficiency, distribution and ensuring food security remain crucial. Modernising farming techniques, improving supply chains, and incentivising innovation can reduce dependency on imports while strengthening rural economies. Policies that empower farmers and promote sustainable business practices will ensure long-term agricultural resilience. 5. Poverty reduction Poverty reduction is a critical priority, particularly after the economic crises that have widened income inequality and worsened living conditions. Expanding and strengthening social safety nets to reach vulnerable populations is vital. Transparent and efficient delivery of subsidies, cash transfers, and food assistance can directly alleviate poverty while fostering inclusivity. Therefore the authorities need to keep an eye on this vulnerable sector. Focusing on five key areas—economic stability, energy security, education reform, agricultural productivity, and poverty reduction—will be critical for Sri Lanka to navigate 2025 successfully. Addressing these priorities with urgency and unwavering commitment will not only drive recovery but also lay the foundation for a sustainable and inclusive future. While current headline-grabbing issues such as eliminating corruption, recovering stolen assets, rightsizing the public service, and curbing wasteful Government expenditure are very important, they represent longer-term structural changes to the national fabric. These initiatives, though crucial, primarily serve as short-term optics and will not deliver substantial national benefits in the immediate or medium term. They also demand sustained political commitment and determination to achieve tangible outcomes. In reality, focusing on these issues full time now risks consuming valuable bandwidth that is urgently needed to address the key priorities articulated in this article. By concentrating on what matters most, Sri Lanka can channel its human and financial resources and efforts toward building resilience and ensuring a stronger economic trajectory. References: https://slguardian.org/imf-exposes-critical-failures-in-sri-lankas-debt-management/amp/ https://www.aljazeera.com/amp/news/2024/11/23/imf-approves-third-review-of-sri-lankas-2-9bn-bailout-but-warns-of-risks https://economynext.com/sri-lankas-imf-program-review-what-can-happen-next-181847/ Chandrasekhar C. P,, J. Ghosh and D. Das (2023): “Paying with Austerity: The Debt Crisis and Restructuring in Sri Lanka”, Working Paper, https://peri.umass.edu/publication/item/1776-paying-with-austerity-the-debt-crisis-and-restructuring-in-sri-lanka https://slhcs2024.com/wp-content/uploads/2024/09/HC-Summit-Report-2024.pdfBears vs. Vikings: 3 Key Concepts for a Bears Victory
HOUSTON (AP) — An elaborate parody appears to be behind an effort to resurrect Enron, the Houston-based energy company that exemplified the worst in American corporate fraud and greed after it went bankrupt in 2001. If its return is comedic, some former employees who lost everything in Enron’s collapse aren’t laughing. “It’s a pretty sick joke and it disparages the people that did work there. And why would you want to even bring it back up again?” said former Enron employee Diana Peters, who represented workers in the company’s bankruptcy proceedings. Here’s what to know about the history of Enron and the purported effort to bring it back. What happened at Enron? Once the nation’s seventh-largest company, Enron filed for bankruptcy protection on Dec. 2, 2001, after years of accounting tricks could no longer hide billions of dollars in debt or make failing ventures appear profitable. The energy company’s collapse put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions and rendered $60 billion in Enron stock worthless. Its aftershocks were felt throughout the energy sector. Twenty-four Enron executives, including former CEO Jeffrey Skilling, were eventually convicted for their roles in the fraud. Enron founder Key Lay’s convictions were vacated after he died of heart disease following his 2006 trial. Is Enron coming back? On Monday — the 23rd anniversary of the bankruptcy filing — a company representing itself as Enron announced in a news release that it was relaunching as a “company dedicated to solving the global energy crisis.” It also posted a video on social media, advertised on at least one Houston billboard and a took out a full-page ad in the Houston Chronicle In the minute-long video that was full of generic corporate jargon, the company talks about “growth” and “rebirth.” It ends with the words, “We’re back. Can we talk?” Enron’s new website features a company store, where various items featuring the brand’s tilted “E” logo are for sale, including a $118 hoodie. In an email, company spokesperson Will Chabot said the new Enron was not doing any interviews yet, but that “We’ll have more to share soon.” Signs point to the comeback being a joke. In the “terms of use and conditions of sale” on the company’s website, it says “the information on the website about Enron is First Amendment protected parody, represents performance art, and is for entertainment purposes only.” Documents filed with the U.S. Patent and Trademark Office show that College Company, an Arkansas-based LLC, owns the Enron trademark. The co-founder of College Company is Connor Gaydos, who helped create a joke conspiracy theory that claims all birds are actually surveillance drones for the government. What do former Enron employees think of the company’s return? Peters said that since learning about the “relaunch” of Enron, she has spoken with several other former employees and they are also upset by it. She said the apparent stunt was “in poor taste.” “If it’s a joke, it’s rude, extremely rude. And I hope that they realize it and apologize to all of the Enron employees,” Peters said. Peters, who is 74 years old, said she is still working in information technology because “I lost everything in Enron, and so my Social Security doesn’t always take care of things I need done.” “Enron’s downfall taught us critical lessons about corporate ethics, accountability, and the consequences of unchecked ambition. Enron’s legacy was the employees in the trenches. Leave Enron buried,” she said. ___ Follow Juan A. Lozano on X at https://x.com/juanlozano70'Pakistan advancing missile program capable of reaching US'
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How to Watch the Clippers vs. Pelicans Game: Streaming & TV Channel Info for December 30Tata Consultancy Services (TCS) reportedly plans to increase its hiring of fresh graduates from engineering campuses in the upcoming fiscal year (FY26), exceeding the current year's commitment of 40,000. TCS' Chief Human Resources Officer Milind Lakkad told Economic Times that this decision is driven by optimistic growth projections. The IT giant is on track to onboard the planned 40,000 freshers in FY25, providing training in cutting-edge technologies, including Artificial Intelligence (AI) and Generative AI (GenAI). "I expect that number to go up a bit more in FY26," Lakkad stated, noting that the company's planning for the next fiscal year has already commenced. TCS, known for its strong cash generation, is also increasing its focus on hiring higher-level professionals. This move aligns with the company's observation of robust growth in certain business verticals. “From the demand side, certain verticals are doing well. We expect to have broad-based growth coming in,” Lakkad said. This positive outlook follows a period of renewed growth for TCS and other leading IT companies, with increased revenue and deal pipelines in the first half of the current fiscal year. Most companies have resumed campus hiring after a pause of over a year. Focus on Early Talent Development through Campuses While hiring fresh graduates remains a cornerstone of TCS's strategy, the company is also investing in training students during their final semesters. This proactive approach aims to make them industry-ready upon graduation. "We collaborate with hyperscalers, enterprise solution providers, and other technology vendors," Lakkad explained. "We've established a tripartite arrangement involving ourselves, the technology vendor, and academic institutions to offer specialized courses during the students' final semesters, ensuring their swift integration into the workforce." Reimagining HR and Hiring with AI Lakkad emphasized that AI and GenAI are transforming every aspect of the HR function, from talent acquisition and development to engagement and deployment. TCS is leveraging AI to streamline recruitment processes. AI-powered tools assist in refining job descriptions, filtering candidate profiles to identify the best matches, and conducting more efficient interviews. AI can also analyze technical skills, assess soft skills, and provide valuable feedback for talent development initiatives. Furthermore, TCS is utilizing AI to enhance employee support through its "TCS Buddy" platform. This AI-powered system provides employees with easy access to company policies and information. As for the business and technology disruptions impacting hiring in the people-heavy outsourcing industry, Lakkad said, “We have been through multiple technology cycles in the last 30 years. And when this question comes, the answer always is basically about the change in the nature of the jobs rather than the reduction in the job content or reduction in the number of people required to do that job,” Lakkad said adding that one will be able to do things faster and so more jobs will be needed to be done which will require people. Return to Office and Addressing Industry Disruptions TCS has implemented a return-to-office policy, encouraging employees to work from the office five days a week. This policy is linked to incentives and aims to foster a stronger workplace culture, facilitate collaboration, and provide valuable learning opportunities for employees. Regarding the potential impact of global capability centers (GCCs) on hiring, Lakkad does not foresee a significant reduction in hiring volumes. Instead, he believes that the nature of jobs will evolve. Lakkad also expressed confidence that the growth of GCCs will not significantly impact TCS's business. While GCCs are increasing their in-house technology capabilities, they will continue to rely on IT service providers like TCS for specialized services and expertise.Bryan Johnson, Dave Asprey, Dr Michael Ashenden United With Olympians and Anti-Doping Experts to Forge the Future of Human Enhancement
The parents of the RG Kar rape and murder victim have moved the Calcutta High Court on Thursday seeking a fresh probe into the death of their daughter. The victim’s father claimed that he was not satisfied with the CBI probe . “We are disappointed with the way former Principal of RG Kar Sandip Ghosh and Tala Police Station SHO Abhijit Mondal were released,” they said. A single-judge bench, comprising Justice Tirthankar Ghosh, has admitted the petition and the matter may come up for hearing next week. The Sealdah court granted bail to RG Kar Medical College and Hospital’s former principal Sandip Ghosh and Tala police station SHO Abhijit Mondal in the case on December 13. The duo was granted bail after the central agency failed to file charge sheets against them within the 90-day statutory period, people in the know said. The mother of the victim claimed, “I wanted to give witness. But it was denied. 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They have filed a petition on this,” the advocate of the parents told media persons. The doctor’s body was found in the seminar room of RG Kar Medical College and Hospital on August 9. CBI has already filed a charge sheet against the prime accused Sanjay Roy. West Bengal Junior Doctors’ Front , an umbrella platform of the junior doctors in the state spearheading the movement on RG Kar, has been protesting on the issue since August and have threatened to resume the protest again. The CBI had taken up the probe on RG Kar following a Calcutta High Court order. (You can now subscribe to our Economic Times WhatsApp channel )