WebinarsNew
Explore Business Standard
Edtech firm PhysicsWallah on Thursday said it plans to exit from the business of direct financing for students and instead partner with NBFCs for education loans. The move comes after a recent announcement wherein the company said it will invest Rs 120 crore through an equity-infusion in its fully-owned subsidiary FinZ Finance Private Limited. "Physicswallah Limited wishes to inform the exchanges that it is restructuring its lending strategy and has tied up with multiple leading regulated third-party NBFCs to enable student lending needs. This decision reverses the company's earlier approach and is intended to materially reduce balance sheet and credit related risks for the company," the company said. PW said strategic direction for FinZ Finance will be decided in the near future subject to the board and other regulatory approvals. "We received feedback from our partners that our core strength lies in building communities and our online business. Our lending business is best left t
As organisations increasingly recognise that artificial intelligence boosts productivity, employees using AI are likely to gain an edge in increments over the next 2-3 years, particularly in sectors such as technology, GCCs and BFSI, TeamLease Edtech founder and CEO Shantanu Rooj said. Companies in India are no longer treating AI skills as optional experimentation - they are moving into the core capability stack, Rooj told PTI. "Recent employer and workforce studies show that 92 per cent of Indian knowledge workers already use AI at work, and 80 per cent of leaders in India say they would prefer a less experienced candidate with AI skills over a more experienced one without them," he stated. At the same time, Rooj said national industry estimates suggest India's demand for AI professionals could cross 1 million by 2026, which means companies are now thinking about AI not just as a tool, but as a workforce strategy. "Organisations are set to increasingly move toward AI-influenced ..