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News on Medial
'Rs 3.5 lakh a month for an internship': Entrepreneur's viral LinkedIn post reignites degrees vs hustle debate
Business Today
·
3m ago
Medial
A LinkedIn post by Mumbai-based entrepreneur Sakshi Jain has sparked a debate online, highlighting an incident that questioned the importance of formal degrees versus a hustler's attitude in achieving success. The event involved a lucrative internship offer of Rs 3.5 lakh per month, casting doubt on the conventional correlation between formal education and professional success. Jain's experiences fueled discussions about valuing practical skills and entrepreneurial spirit over traditional academic achievements.
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‘Hard work vs entitlement’: Reddit thread reignites North vs South labour ethics debate in Tamil Nadu
Business Today
·
4m ago
Medial
A debate on Reddit has reignited discussions about work culture and ethics in Tamil Nadu, focusing on the perceived differences in labor ethics between the North and South. The conversation highlights how professionalism and job performance, rather than regional identity, now play crucial roles in determining job security in the current economic landscape, challenging traditional stereotypes and emphasizing a shift towards merit-based evaluations in the workplace.
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Momo shop earns more: Startup CEO mocks Cognizant's ₹2.5 LPA offer
Inshorts
·
11m ago
Medial
Cognizant's recent job drive offered fresh graduates ₹2.52 lakh per annum, sparking online debate. A Bengaluru startup founder, Amit Misra, taking a dig at Cognizant shared a picture of a momo stall helper job offer offering around ₹3 lakh annually. The post highlighted frustrations over stagnant entry-level IT salary, with many criticising the wage disparity in cities like Bengaluru.
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'Govt gets paid before you do': LinkedIn post breaks down where your salary really goes
Business Today
·
3m ago
Medial
In a viral LinkedIn post, Anish Sengupta, a tech professional, explores how a significant portion of a salaried worker's income is absorbed by taxes and employer profits, highlighting global variations. In the US, Europe, the Middle East, and India, taxes vary, with the government often being paid first. Sengupta discusses worker-generated value versus pay, emphasizing the importance of financial strategies to maximize personal wealth. He encourages professionals to invest wisely and rethink income perception.
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'Even IIM tag won’t save you': Reddit post on skill-based hiring outweighing degrees sparks debate on relevance of MBA courses
Business Today
·
5m ago
Medial
A Reddit discussion highlights concerns over the relevance of MBA courses, citing outdated curricula and costly social environments at top institutions. Despite high tuition fees at premier B-schools, MBA degrees are still viewed as valuable, with a significant increase in post-MBA salaries. In India, around 3.3 lakh aspirants vie for approximately 5,000 IIM seats annually, indicating a strong demand for these prestigious programs amidst debates on skill-based hiring trends.
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After receiving flak for 'laying off' employees under work stress, YesMadam claims no one was fired
YourStory
·
8m ago
Medial
YesMadam, a services marketplace, denies firing employees for being stressed at work after a LinkedIn post went viral. The post shared a screenshot of an email from the company's HR manager stating that employees who reported high stress levels in an internal survey would be let go. YesMadam clarified that employees were given a break to rest and recharge, and announced the launch of a corporate program called 'Happy 2 Heal', offering head massages and spa sessions at the workplace. The company will also introduce a 'De-Stress Leave' policy with six paid leave days annually and complimentary spa sessions at home.
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Govt rolls out internship scheme on pilot basis; aims to provide 1 cr internship over 5 years
YourStory
·
10m ago
Medial
- The government has launched an internship program that will offer financial assistance of Rs 60,000 per year to 1 crore young individuals over five years. - The pilot project, with a total cost of around Rs 800 crore in 2024-25, aims to provide internships to 1.25 lakh candidates during that fiscal year. - The Prime Minister's Internship Scheme in Top Companies will also provide insurance coverage to the interns. - The program will be implemented through an online portal developed by the corporate affairs ministry. - Youth aged between 21 and 24 years, meeting certain conditions, will be eligible to apply for the internship program. - The internship program is set to begin on December 2. - Candidates can register on the online portal starting from the second week of October. - Participating companies will offer internships for a duration of 12 months, with at least half of the period spent in the actual job environment. - The interns will receive a financial assistance of Rs 5,000 per month, with Rs 4,500 disbursed by the government and Rs 500 paid by the company from its CSR funds. - Each intern will also receive a one-time grant of Rs 6,000 for incidentals upon joining the place of internship. - Insurance coverage will be provided to each intern under the government's insurance schemes. - Eligible candidates include those enrolled in online/distance learning programs, as well as individuals with various academic qualifications. - Partner companies will have a dedicated dashboard on the portal to post internship opportunities and provide detailed information on location, qualifications, and facilities offered. - Candidates can register, browse internships, and apply for up to five opportunities based on their preferred sectors, roles, and locations.
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Buying a car or just helping govt fill coffers? CA shares harsh middle-class reality of owing car in India
Economic Times
·
1m ago
Medial
CA Arvind C Thomas's LinkedIn post highlights the heavy tax burden on car purchases in India, revealing that nearly ₹6 lakh in taxes apply to a Hyundai Creta's invoice, nearly 46% of its base price. This encompasses GST (28%), Compensation Cess (17%), and TCS (1%), excluding additional expenses like road tax, insurance, and registration. The post questions whether buying a car serves personal needs or governmental revenue, sparking discussion on tax impacts on the middle class.
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Former Titan Capital Partner Bipin Shah Floats Micro VC Firm
Inc42
·
9m ago
Medial
Zeropearl, a venture capital firm, will be making around 12-15 significant investments per year, according to Shah's LinkedIn post. The firm follows a "Founder Only" thesis and promises to respond to founders within 7 days of contacting Shah. Zeropearl is open to investing in pre-revenue SaaS startups, but consumer startups must have a minimum monthly revenue of 1 Lakh to be eligible for investment.
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Opening the box left us shocked: Man who ordered ₹1 lakh TV from Flipkart
Inshorts
·
1y ago
Medial
A man ordered a Sony TV worth Rs. 1 lakh from Flipkart but received a different and cheaper brand inside the box. The incident went viral when the user shared his story on Twitter, prompting Flipkart to respond. The customer expressed his frustration with the delay in processing his return request and sought help from the public. Flipkart apologized and asked for his order details to resolve the issue. The post has gained over 210K views on Twitter.
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Bhavish Aggarwal Vs LinkedIn: Ola To Stop Using Microsoft Azure, Migrate To Krutrim AI Cloud
Inc42
·
1y ago
Medial
Bhavish Aggarwal, the founder of Ola Cabs, Ola Electric, and Krutrim AI, announced that Ola will stop using Microsoft's Azure cloud platform and migrate to Krutrim's cloud. This decision follows Aggarwal's ongoing dispute with LinkedIn over the removal of a post he made on the platform. Aggarwal also expressed his intention to work with the Indian developer community to create a digital public infrastructure (DPI) for social media that follows Indian laws and allows creators to own their data. This move aligns with his previous statements questioning the need for social media to be a closed ecosystem.
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