SCMS Pune sets new placement records with highest package of Rs 8.65 LPA
Packages of Rs 8.65 LPA were received by the highest 10% of the batch, while the top 25% received packages of Rs 7.79 LPA. Placements were carried out in a range of industries, such as banking, finance, consulting, analytics, e-commerce, and marketing. Key Points
FinancialexpressMumbai-Goa highway project to be completed by Dec: Gadkari
The road will be commissioned for traffic in January 2024, and Mumbai-Goa commuters will be able to cover the distance in 4.5 hours. Key Points
mintFedEx’s New Robot Loads Delivery Trucks Like It’s Playing 3D Tetris
FedEx handles over 15 million packages daily. A two-armed, AI-infused robot is now helping pack some of them into delivery trucks with expert care. Key Points
WIREDA day of joy as kids at KGMU ward treated with gifts and goodies
Children at the paediatric surgery ward of KGMU celebrated Children's Day with gift packages containing snacks and hospital essentials organized by Seva Sankalp. The Kalyan Singh Cancer Institute also hosted a small Diwali celebration for patients. Key Points
Hindustan TimesTall pay wall stops rivals from fishing in Paytm's talent pool
Competitors and other startups are eyeing talent within Paytm amid its current challenges. However, the company's reputation for offering salaries well above industry norms means that many potential candidates are being priced out of the talent market. Industry insiders and executives from recruitment services and search firms have noted that Paytm's generous compensation packages are difficult for other companies to match. Key Points
Economic Times
6 crore hospital admissions costing Rs 77,298 cr authorised under AB PM-JAY till Nov 30: Govt to LS
The Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY) has authorized approximately six crore hospital admissions worth Rs 77,298 crore until November 30, according to Union Health Minister Mansukh Mandaviya. The scheme, the largest publicly funded health assurance scheme in the world, provides health cover of Rs 5 lakh per family yearly for secondary and tertiary care hospitalization to 12 crore families. Key Points
Economic TimesChatGPT makers are trying to hire Google AI employees by offering them pay packages of up to $10 million
OpenAI is reportedly offering Google AI employees pay packages of up to $10 million to join their team, intensifying the competition with the tech giant. The AI company has also been successful in recruiting experts from Google and Meta, as it continues to focus on aligning AI systems with human interests. Key Points
India TodayClass of 2024 at IITs sees silver lining in speed-trading firms
Firms including Quantbox Research, NK Securities Research, Da Vinci and Graviton Research Capital, which operate in the high-stakes world of algorithmic trading, will be signing on fresh IIT talent during the final placements at packages ranging anywhere from Rs 1 crore to Rs 3 crore, some of these firms told ET. Some have also made pre-placement offers. Key Points
Economic TimesTravel, tour firms pad up for cricket World Cup; expect big sales
Travel and tourism companies are expecting a boost in business as the ICC Men's Cricket World Cup matches begin in India. Companies are offering bundled packages that include post-match exploration of the respective destinations. There has been an increase in flight bookings, hotel reservations, and apartment and homestay rentals. Key Points
Economic TimesTravel agents' association urges govt to abolish implementation of TCS scheduled for Oct 1
The Travel Agents Association of India (TAAI) has appealed to the Indian government to abolish or defer the implementation of the new Tax Collection at Source (TCS) on foreign remittances until the next fiscal year. The TCS, which has been raised from 5% to 20% on foreign remittances under the Liberalised Remittance Scheme, will be applicable to international travel and other remittances. Key Points
Economic Times
packages of top drug brands to have QR codes from today
The National Pharmaceuticals Pricing Authority (NPPA) had last year identified brands including Dolo, Saridon Fabiflu, Ecosprin, Limcee, Sumo, Calpol, Corex syrup, Unwanted 72 and Thyronorm. They were shortlisted on the basis of their moving annual turnover value as per data from market research firm Pharmatrac. Key Points
Economic TimesDomestic travel operators welcome TCS rollback, but say move is a partial relief
The travel industry in India has expressed gratitude for the government's decision to withdraw the increase of tax collected at source (TCS) on overseas tour packages from 5% to 20% on amounts up to ₹7 lakh per annum. However, industry bodies have emphasized that their long-standing demand of reducing the TCS percentage to 2.5% remains unmet. Key Points
Economic Times