Simon Leclerc

Startups in India are actively working to decarbonise EV batteries and make them sustainable, reports Garima Bora for The Economic Times. The production of lithium-ion batteries that powers EVs, account for 40-60% of EV production emissions, McKinsey & Company estimates. Rare earth materials are mined for the production of batteries causing pollution. Moreover, spent lithium-ion and lead-acid batteries are often discarded in landfills, says the report. How are environmentally conscious startups battling this? Nexus Power extracts nanodot proteins from crop residues to power batteries. Cancrie uses coconut shells to produce nanomaterials for batteries, which also works as an alternative to nanocarbons that are often imported from abroad. Metastable Materials use chemical-free technology to extract about 90% of products from the disposed batteries. BatX Energies extract valuable metals like nickel and cobalt from used batteries and produce recyclable objects. The battery recycling market in India is expected to surge from $0.1 billion in FY23 to $1 billion by FY30, says Avendus Capital. Source: The Economic Times - https://lnkd.in/gFyxhrG9 ✍: Novinston Lobo 📷: Getty Images #Sustainability #EVPower

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The travel and tourism industry is booming in India post-pandemic, which is leading to companies hiring more people, Riya Tandon reports for The Economic Times. What job roles are up for grabs? Marketing, HR, finance, IT, and business development need more fresh graduates and post-graduates. Management trainees from top hotel management schools and freshers from vocational training institutes are sought after for positions like customer service and retention, front office, and food and beverage production, says the report. Arun Bagaria, co-founder of TravClan, says that there is growing demand for roles in operations, as well as those in managing reservations, customer support, and processing bookings. How can new hires succeed? Experts suggest acquiring a combination of technical, soft, and behavioural skills, the report says. The industry is set to add about 5.82 crore jobs by 2033, another Economic Times report says, citing a survey by NLB Services. The industry accounted for 39 million jobs in 2020 and saw a 44 percent increase in demand for talent by August 2023. The top five states attracting the most domestic tourists are Uttar Pradesh, Tamil Nadu, Andhra Pradesh, Karnataka, and Maharashtra, adds the report. Source: https://lnkd.in/g6GQMcAJ ✍: Novinston Lobo 📷: Getty Images #TravelAndTourism #TravelJobs

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Around 4,500 C-suite executives switched jobs in the last one year in the IT services sector in India, reports shivani shinde for Business Standard, citing a report by Xpheno. The movement represents 4.5% of the overall leadership roles in the sector and includes people in positions ranging from directors to assistant VPs and heads of businesses, says the report. Kamal Karanth, co-founder of Xpheno, says that the current churn is happening primarily due to two developments. First, two new CEO appointments by two large IT services firms and the restructuring of leadership teams, he adds. In the last 12 months, Infosys saw nine senior exits, while Cognizant hired 20 senior leaders. Meanwhile, executives from top firms have been hired by Tech Mahindra, says the report. Pareekh Jain, CEO of EIIRTrend, says that many executives are shifting to firms that may be smaller but are growing much faster, with the pandemic's effect now fading. Over 92% of the senior leaders who switched have moved within IT services, while the rest shifted to either GCCs or product companies, adds the report. Source: Business Standard - https://lnkd.in/g4i33SE9 ✍: Novinston Lobo 📷: Getty Images #LeadershipChurn #ITHiring #CSuite #ITServices

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