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ENGINEERS TRANSITION TO FDE ROLES
Rise in NPA is transitory, as borrowers take time to adjust to new rules, says Muthoot Finance MD
Muthoot Finance has indicated an increase in bad loans linked to evolving lending regulations that are affecting borrowers. The company expresses confidence that clients will gradually acclimate to the revamped monthly payment system. The managing director mentioned it is still too early to assess the regulation's overall influence on the industry.
Info Edge's Sanjeev Bikhchandani takes charge, assures continuity after Hitesh Oberoi
Info Edge (India) Ltd, the owner of Naukri.com, is reshaping its leadership, with founder Sanjeev Bikhchandani set to return to an executive role as managing director and group chief executive officer after Hitesh Oberoi steps down from the top operating job following nearly 27 years with the company.
Climate platform Two Point O raises $10 million led by Transition Venture Capital
The company plans to enter battery energy storage while expanding its existing offerings in solar power, energy efficiency, and wastewater treatment. It will also target customers in sectors such as data centres, automobile manufacturing, pharmaceuticals, and healthcare, where energy and water consumption are significant operating costs.
Vaishnaw visits BEML facility building India’s first bullet train for Mumbai-Ahmedabad corridor
Bharat Bullet Train is being developed for the Mumbai-Ahmedabad High Speed Rail corridor, emphasizing indigenous technology. Railway Minister Ashwini Vaishnaw reviewed various production processes at BEML's Aditya manufacturing facility in Bengaluru. The train will offer advanced passenger amenities and adhere to stringent safety standards during its operation. It is designed to accommodate about 557 passengers, including special provisions for persons with disabilities.
NCRTC explores transit-oriented development along Namo Bharat, proposed regional corridors
NCRTC is evaluating transit-oriented development to create planned urban centers along major corridors, including the Delhi-Ghaziabad-Meerut route. A recent workshop gathered key stakeholders to discuss policy support for private investment in these developments. Emerging urban centers such as Meerut and Ghaziabad are expected to benefit significantly from improved connectivity. The new framework aims to link transport infrastructure closely with land-use planning for organized urban growth.
In 2004, San Jose used 1,000 tons of shredded waste tires beneath 2,000 feet of light-rail track; the unusual layer reportedly reduced vibration and saved over $1 million
The use of shredded tires as a base for light rail tracks offers a cost-effective solution for reducing noise. Many transit authorities have successfully implemented this method, leading to significant savings in construction costs. Additionally, using shredded tires prevents tires from ending up in landfills where they can pose environmental hazards. Despite successful trials, this method remains underutilized in many US transit expansions.
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Honeywell leaning on physical AI to net $1 billion India revenuesThe $69 billion building, process, and industrial automation giant, carved out from the Honeywell industrial conglomerate as part of a companywide restructuring, is betting big on physical AI, leveraging its hardware and software experience, Anant Maheshwari, president of strategy and president & CEO of global regions told ET in an interview.
AI could wipe out $200 billion of IT services work by 2030: BCGBCG’s Sreyssha George says Indian IT firms will have to rethink how they price work, hire freshers and pay AI talent, as clients move from paying for headcount to paying for outcomes.
Core4 Engineers SME shares to list today: Check IPO subscription status and other key detailsCore4 Engineers will make its debut on the BSE SME platform on October 30 after its Rs 54.82 crore IPO was subscribed 5.44 times. The NII category led demand with 12.26 times subscription, followed by QIBs at 5.06 times and individual investors at 2.72 times. The IPO was entirely a fresh issue of 58.94 lakh shares.
Venezuela's Maria Corina Machado hopeful for 2027 presidential electionVenezuelan opposition leader Maria Corina Machado, in her first public remarks since returning from 10 months in exile, said the country is moving irreversibly towards presidential elections in 2027. She called for the dismantling of the repressive system and the release of political prisoners, while denying any contact with interim President Delcy Rodriguez or Washington over a possible meeting.
Noel Tata to step down as Trent chairman after 29 years on November 11; Bahram Vakil set to succeed himNoel Tata will step down as Trent chairman and director on November 11 after nearly three decades with the retailer, with Bahram Vakil taking over from November 12. Tata will become chairman emeritus. The board has also approved two director appointments as Trent reported a 25% rise in September-quarter net profit.
In Burgos, Spain, engineers turned steelmaking waste into full-size pavement slabs; five years outdoors caused no major damage, and skid resistance stayed road-safeIn an innovative endeavor, engineers from Burgos, Spain, developed sustainable pavement utilizing waste from steel production, significantly cutting down on industrial refuse. Their five-year study, monitoring large-scale pavement slabs in real environments, revealed that the pavement exhibited no major structural issues or safety risks related to skid resistance. This breakthrough paves the way for eco-friendly infrastructure methods in construction, promoting the recyclability of industrial byproducts.
Bajaj Electricals exec chairman Shekhar Bajaj to become non-executive board member from JanuaryBajaj Electricals executive chairman Shekhar Bajaj will step down from his current role by the end of 2026 after leading the company for four decades. He will transition to a non-executive board position from January 1, 2027, subject to shareholder approval. The move is part of the company’s shift towards a professionally managed, board-led governance model, it said.
AI led services to generate up to $200 billion in new work by 2030: BCG reportA recent report highlights the transformative impact of artificial intelligence-led services on the job market, predicting significant workforce expansion by 2030. It estimates the global services market will surge from $ 1.6-1.7 trillion to a remarkable $ 2.2-2.4 trillion. To leverage this growth, technology employees must undergo reskilling. Up to 40 new Applied AI roles may emerge, but organizations risk increased expenses by seeking external hires for these specialized jobs.
Who is Dr M. V. Ramana Murthy? An IIT Madras alumnus honoured after a new electric ray species discovered deep in the Arabian Sea has been named after himNew electric ray species found: Dr M. V. Ramana Murthy, Mission Director of India's Deep Ocean Mission, has been honoured by the naming of a newly discovered electric ray after him. An IIT Madras-trained ocean engineer, he has worked in coastal research, desalination, marine technology and hazard management, including as director of the National Centre for Coastal Research.
AI can perform the work of 10 people, says Zoho’s Sridhar Vembu, warns of headcount impactSridhar Vembu, the visionary behind Zoho, raises alarms regarding the transformative role of AI on computer-related jobs. He posits that one AI-empowered individual might outperform several workers. While acknowledging impending job cuts, he is optimistic about fresh opportunities opening across different sectors. Vembu also points out the soaring costs tied to AI technologies, urging companies to pivot swiftly.
'Dropboxers, today will be your last day': Dropbox lays off 9% of global workforce; CTO Ali Dasdan to step down. Read what the company said in memoDropbox is set to cut approximately 200 jobs as part of its growth-oriented reorganization plan. The focus will be on restructuring teams in engineering, product, and administration, resulting in several employees leaving immediately. On November 18, Chief Technology Officer Ali Dasdan will also resign. Employees impacted by the layoffs will receive severance packages including financial support, while the company aims to enhance operations and customer service effectiveness.
Amazon lays down AI usage guidelines for software engineers; here’s what it wantsAmazon recently issued internal guidelines regarding the use of artificial intelligence by its software engineers. The guidelines emphasize enhancing customer engagement while utilizing AI to tackle customer challenges effectively. Employees are cautioned against the practice of 'tokenmaxxing,' which could lead to increased costs and complexity. The company advocates for the development of 'Renaissance Developers' who merge AI tools with business understanding.
Amazon asks engineers to reconnect with customers as AI reshapes software developmentA company-wide memo also suggested managers to look closely at teams using the least and the most AI; understand what holds back adoption and whether heavy users deliver more.
byteXL strengthens leadership team to fuel AI and skilling pushbyteXL has appointed four senior executives across operations, business, strategy and finance as it prepares to scale its institutional network from 40 to 120 colleges and reach 500,000 students over the next two years. The company is also expanding programmes in AI, GCCs, electric vehicles, semiconductors and precision engineering as it shifts towards a deeper technology focus.
India in striking distance of 8% growth as reforms boost economy: Shaktikanta DasDas said the BFSI sector has a crucial role to play in India's journey from a lower-middle-income economy to a high-income economy, through its intermediation in allocation of financial resources. He said the sector would be required to support India's next-gen Digital Public Infrastructure (DPI), be the frontline of green and transition finance and become the catalyst for democratising financial inclusion to support this journey.
Anthropic IPO: Here are some of the key people of Indian origin behind the AI giantAs the artificial intelligence company prepares for the next phase in its journey, let’s take a look at several top people in the organisation with Indian connections.
Shaktikanta Das urges BFSI sector to lead infrastructure, high-tech manufacturing fundingShaktikanta Das highlighted the essential role of the BFSI sector in financing infrastructure and new manufacturing. He emphasized the need for funding micro, small and medium enterprises as well as agriculture. Das proposed utilizing digital financial channels for efficient credit underwriting and financial inclusion. The segment must adapt to support next-gen Digital Public Infrastructure and sustainable finance.
Meet Rajesh Ambati, the Indian-origin vice-president of engineering at AppleRajesh Ambati, a software engineer of Indian descent, has recently ascended to vice-president of engineering at Apple. In this new role, he will lead efforts in connectivity technologies and bolster product development initiatives. Additionally, Louie Sanguinetti and Derek Shaeffer have also been elevated to vice-president roles in light of organizational changes.
Microsoft offers exit packages to India staff amid $20.5 billion AI pushWhile the company has not given specifics of the number of people who shall be covered through this programme, there are around 60,000 employees eligible globally. The decision will be taken by December 1, 2026 and those opting for it will be given a package similar to a standard severance offer, including one month of base salary for every completed year of service, health insurance and career transition services.
44% of India’s GCCs now own platforms and AI outcomes: ReportGlobal Capability Centres in India are transitioning into AI capability hubs, significantly increasing salaries for digital professionals. The focus of GCCs is shifting from execution to innovation and strategic capabilities. Reports indicate that AI talent in India commands a significant wage premium due to higher demand. As GCCs expand their roles, the need for skilled talent in AI and related fields continues to grow.
88% Indian firms want FDEs by 2030; only 1% of engineers fit the bill: Scaler-CMR reportAccording to India's FDE Opportunity Report, enterprises are hiring for AI deployment and customer-facing skills, but those are the skills engineers lack most.
58% of engineers want FDE roles, but 90% lack upskilling roadmap: ReportA report reveals that nearly 58 percent of engineers desire to transition into forward-deployed engineering roles. Despite this interest, nine in ten engineers are not aware of pathways for upskilling. Furthermore, most engineers feel unclear about the FDE role and career advancement opportunities. Indian enterprises are anticipating a growing demand for FDEs by 2030, particularly in multinational companies.
Don’t build your career around a tool that may not survive: Oracle’s Sanjeev ChauhanOracle’s cloud engineering head says AI is taking over routine infrastructure work, and engineers will need to move from tuning individual systems to designing how entire systems work together.Load More