News in Infographics: IT shares fall, IndiGo Q4 net loss widens & more

Shares of Indian IT companies have emerged among the major sectoral losers this year. The Russia-Ukraine war, negative sentiment around the Q4 earnings season and continuous selling by FIIs has strengthened the grip of bears in the Indian market.

Also Read: IT shares fall up to 41% in 2022 amid slowdown, outlook concerns

Hit by Omircon wave of COVID-19, domestic budget carrier Interglobe Aviation Limited (IndiGo) on Wednesday posted a widening of consolidated net loss at Rs 1,681 crore in the quarter ended 31 March, 2022. The aviation company had posted a net loss of Rs 1,159 crore in the year-ago period.

Also Read: IndiGo Q4 net loss widens to Rs 1,681 cr, revenue rises 29%

Due to the sudden transition to online teaching amid the COVID-19 induced lockdown, the majority of teachers were left with no choice but to become proficient in digital tools. However, even after two years of rapid digitisation in education, 31 per cent of teachers are still not proficient in digital tools, reveals a TeamLease EdTech report titled “Digital Transformation of the Teaching Community.”

Also Read: 31% teachers in India not proficient in digital tools, 79% still undergoing training: survey

The report also revealed that due to lack of training, around 79.34 per cent of teachers learned by practice, 35.54 per cent of teachers prepared themselves by taking courses provided by institutions, 25.62 per cent learned from friends/colleagues/family, and 19.01 per cent equipped themselves by undertaking self-sponsored courses.

Also Read: 31% teachers in India not proficient in digital tools, 79% still undergoing training: survey

Shantanu Rooj, Founder and CEO, TeamLease EdTech, while sharing his views on the current digital teaching ecosystem, said, “It has been over two years since we witnessed a sudden, unplanned, overnight shift to digital learning. Back in September 2020, six months into the pandemic, when we did a survey with 1,200 teachers for our study on ‘The Use of Technology in Teaching & Learning in Indian Higher Education Institutes’ more than 80 per cent of the teachers were uncomfortable with online teaching.”

Also Read: 31% teachers in India not proficient in digital tools, 79% still undergoing training: survey

Neeti Sharma, Co-Founder and President, TeamLease EdTech, said, “Digital learning is here to stay and with a continual increase in the integration of digital mechanisms with conventional learning, upskilling and reskilling the teaching community on a regular basis will be crucial. More and more HEIs have realised the value of having formal training."

Also Read: 31% teachers in India not proficient in digital tools, 79% still undergoing training: survey

TeamLease EdTech claims that its survey-led report captures data from more than 1,000 teachers across the nation.

Also Read: 31% teachers in India not proficient in digital tools, 79% still undergoing training: survey

There may be many things on your mind making you miss the due date to pay the health insurance premium. This can be a costly mistake because if you don’t renew your policy on time, you can lose out on several continuity benefits.

Also Read: What happens when you forget to pay your health insurance premium?

After dealing with the COVID-19 pandemic-induced disruptions, businesses are now grappling with increasing geopolitical issues, rising inflation and higher commodity prices which are impacting their profitability. For chief executive officers (CEOs) in India, this disruption has triggered a shift towards sustainability and digital transformation reflecting the change in businesses’ capital strategy, reveals the consulting firm EY’s CEO Survey 2022.

Also Read: 17% Indian CEOs claim businesses are facing pressure to become sustainable: EY report

Rajiv Memani, Chairman, EY India, said, “There is no doubt that Indian CEOs are leading from the front to combat the challenges emanating from the pandemic and geopolitical tensions. More than ever, CEOs are looking at how these interconnected issues may impact their growth agendas and are building agility and the ability to pivot quickly as circumstances demand into their overall corporate strategy. They are increasingly looking at M&As as a lever for accelerating business transformation and long-term value creation.”

Also Read: 17% Indian CEOs claim businesses are facing pressure to become sustainable: EY report

EY claims that this survey gathered data from a panel of more than 2,000 CEOs in 53 countries and across 14 sectors — financial services, telecoms, consumer products and retail, technology, media and entertainment, life sciences, hospital and health care providers, automotive and transportation, oil and gas, power and utilities, mining and metals, advanced manufacturing, and real estate, hospitality, and construction.

Also Read: 17% Indian CEOs claim businesses are facing pressure to become sustainable: EY report

Tackling the surging cost of commodities and daily consumed items should be the top most priority for the government and the Reserve Bank of India (RBI) that will help India come back to the growth path.

Also Read: Taming inflation will help bring consumption back on track: India Inc at WEF