Understanding Key Aspects of Retirement Planning

OVERVIEW
WE TUBE :
1} HIRING THROUGH SOCIAL MEDIA – PROF. NITASHA GUTGUTIA
2} WORLD CLASS OPERATIONAL EXCELLENCE MC DONALD'S UK – PROF. SHAILESH KALE
3} BIG DATA: THE 5 V’S - PROF.NITESH VERMA
4} INTRODUCTION TO RETIREMENT PLANNING - PROF. EKTA THAKER
5} TYPES OF E-BUSINESSES - PROF. ALOK JHA
WE LOUNGE :
1} MISS. SAGORIKA KANTHARIA - CHIEF PEOPLE OFFICER, RADIOCITY
2} MR.RAJENDRA AGARWAL - MD, DONEAR INDUSTRIES LTD
3} DR.AVINASH PHADKE - PRESIDENT & MENTOR - PATHOLOGY SERVICES, SRL DIAGNOSTICS LAB
NEWS WIRE:
1} DEMUTUALIZATION OF BOMBAY STOCK EXCHANGE (BSE)
2} MICROSOFT'S 5 BIGGEST ACQUISITIONS
3} INDIA AMONG TOP FIVE INNOVATION DESTINATIONS: REPORT
4} LEAPFROGGING THE WORLD WITH FRUGAL INNOVATION
5} NEWS IN BRIEF
6} OVER 32 MILLION TWITTER PASSWORDS REPORTEDLY HACKED
7} 5 KEY STRATEGIES FOR AN EXECUTIVE JOB SEARCH
8} PRIYANKA CHOPRA’S FIVE MONEY LESSONS
9} FACEBOOK ADDS 360-DEGREE PHOTOS TO NEWSFEED
10} 4 BENEFITS OF A MOCK INTERVIEW
Overview of project
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Learnings:
Social media is a community of people with common interests who connect with one another to learn,
play, work, organize and socialize. Communities can be large small, local and global. They can be public or
restricted to certain members.
Online Social platforms have been around for decades and only they found mainstream reception
social media tools. Social Recruiting is engaging with users of social media tools to source and recruit
talent.
Talented people in different industries are openly share their experience, ideas and insight online
through network and communities. A Company’s brand must be in line with its culture and its social
efforts used to be consistent with its employment brand.
Social media to post positions and chatters with candidates. They also use it to:
Determine culture fit, Personal branding inconsistency, Written communication skills, Trending Health
Issues, Lifestyle Change.
On Global perspective, 94% Companies use social media for recruiting and 2 out of 5 employees are
been selected from social media. 77% Companies research people and companies, 69% reconnect with
past business associates, 50% to build new business associates.
50% Job seekers would like Company to interact with fan and followers.
Hiring through social media
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Social Media as recruitment tools work on flowingly:
 Advertise job opportunities
 Network with industry leaders
 Source of candidates
 Employers branding tools
 Respond to comments, posting, discussion, request, feedback, complaints and share ideas in real time
and engage in conversation.
 Network with other industry professional and Join groups or discussion.
 Networking with prospective candidates, clients and colleagues
 An online forum like Slide share to share Presentations and Word document either publicly or privately.
 Share Knowledge, Information, experience, ideas and videos.
Having recruitment strategy like:
Objective - What you want to achieve?
Strategy – How will your customer relationships work?
Within Organization who will involve in strategy?
Technology – What tools should be use and how to work with existing technology?
People – Who will be customer as per strategy and what they will able to use and how they would
engage with organization
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Challenges and Risk in Social Media Hiring:
Legal and privacy implications.
Spam
Be prepared to be overwhelmed
Security Risks
Time consuming
Depending on technology, source may be diverse pool
Background and reference check should be done properly
Dealing with Negative comments/feedbacks
Be real and honest to your information provided
Be aware of social media policy
Be aware while choosing candidates.
Conclusions:
Social Media is very integral tool in recruitment globally. Social Media is quite interactive source.
Currently synonymous with 3 platforms like LinkedIn, Facebook and Twitter, Among this LinkedIn is
now a universal hiring source.
But, Benefits comes with risks – management both is critical in employer branding and in hiring.
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Learnings:
From this video I understood various points as he is talking about how this brand has grow up in the
market and what are the main areas of concern keeping in his mind, customer one of his satiric focus and
also to know what are the operational areas this particular company of brand is trying to cultivate for
minimizing the lead time and working on real time basis.
World class means zero defect from all aspects quality, service and value, cost. Zero defect from all
angles means logistics, supply chain, distribution, transportation.
Element of business plan:
1st phase is Data collection and analysis-data collection is nothing but collection of information.
Information could be suppliers read points or could be logistic read points, information could be
competitor analysis and information could be the market per sale.
2nd phase is Forecasting is nothing but prediction for the future.
3rd Phase is Round the clock Operational Challenges
Data collection and analysis McDonald UK description & over view-Description
WORLD CLASS OPERATIONAL EXCELLENCE MC DONALD’S UK
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Market characteristic population it could be the product consumable basis. Whenever people are hungry
in UK majority of the people brand recall is eat at Mac outlets.
The description and product and services the menu the product offering and what are the products in the
basket when they entered Mac outlet in UK
Sales and operational planning prediction the world future what are the products which are fast moving
slow moving and which are not moving Premises facility and infrastructure the market is changing very
fast Mac Donald overall global operations they are working only on 4 alphabets
1. Quality Control
2. Service
3. Cleanliness
4. Cheap Prices
Challenges in SCM, distribution warehousing and transportation management materials manufacturing
excellence.
Role of information technology real time system for improved efficiency and distribution techniques and
sales promotion and times behavior.
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Sales is not happening because of poor distribution company is always thinking to invest in advertising
and sales promotion because advertising become the one of tool for the company to make the product
grow to keeping in minds certain promotions of freebies.
The description and product and services the menu the product offering and what are the products in
the basket when they entered Mac outlet in UK
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Learning's:
What is big data
Big data is like a normal data but in very big amount and mostly unstructured.
Unstructured data means all data is not in the structured (table) format; 85% of data is
unstructured today that includes audio, video, images, chats, etc.
We cannot handle the big data in usual approach, it requires different approach : techniques,
tools and architectures.
Big data is a collection of data sets so large and complex that it becomes difficult to process
using on hand database management tools
The challenge include capture, storage, sharing analysis and visualization.
Big Data: The 5 Vs Presented by: Nitesh Verma
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5 Vs of Big Data
1. Volume
2. Velocity
3. Variety
4. Veracity
5. Value
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Volume
The amount of data generated.
Velocity
The speed at which the new data generates, travels and increases.
Variety
In which form the data has been captured; for example earlier most of the
data were in tabular form but now video, text, heart rate, etc.
Veracity
How much data is accurate to create meaningful value. How much we trust
the data.
Value
Generate value from the huge data available .
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Miss Ekta Thaker is beautifully explain the Retirement Planning that would help many people like me for
planning their future investment. She has explained how anyone can overcome various situation that will
happen in future by early investing EPF and EDLI.
She has explained about many situations that can arise in future like medical expenses (operations,
diseases, treatments etc). She has also explained how employees and employer can benefit each other by
contributing some amount in Employee Provident Fund (EPF).
She has explain following four steps of Financial Planning:
1. Identify likely sources of Income in retirement
2. Decide on current investment which will create sources of future retirement income
3. Project the income needed to maintain a comfortable standard of retirement planning
4. Adjust the retirement income needed for inflation
She has also explained about factors that affect Retirement Planning:
• Employer provided retirement plan
• Social security measures (which not available in India)
• Taxation Issues
• Insurance Coverage and Investments
• Healthcare Requirement
• Life Expectancy and Change in Lifestyle
Introduction to Retirement Planning
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There are two types of retirement plan i.e. Defined benefit plan and Defined contribution plan.
Defined Benefit Plan:
• Employees get benefit upon retirement only
• Employer is the contributors to the plan
• Benefits are based on tenure, only after working for specified period
• Contribution could very time to time because of Inflation
• Regular review is required
• DB plans can require that employees contribute to the plant
Defined Benefit Products:
• Gratuity
• Leave Encashment
• Retrenchment Compensation
• Voluntary Retirement Schemes
• HRA
She has also explain about how Gratuity Tax Treatment follows in India by showing key formulas.
Government employees have tax exemption on Gratuity amount while Non-Govt employees have to bear
tax if amount is more than Rs 1,000,000.
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VRS taxation:
Following things are exempted from VRS Taxation: Amount actually received Rs 500,000 Higher of Two:
a. Completed years of service*3*salary
b. Balance months of service left*salary
But employees has to work for at least 10 years in the same organization and is not willing to work
anywhere else.
HRA Calculation:
Rent paid over 10% of salary
50% of salary
Actual amount received
Salary=Basic Salary
Defined Contribution Plan:
Employees get benefit upon leaving the current job
Employees provide most or all the funding by deferring some percentage of the salary
Calculation of EPF:
For Employee
@12% of EPF of salary of every month
For Employer
@12% of EPF of salary of every month but employer’s contribution is bifurcated
8.33% of the salary upto 15,000 goes to EPS & balance to EPF account
1.10% of EPF salary payable by employer
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Learning's :
E- Business : Any business that involves internet as a platform to inform and promote for a
business.
Any business that communicates to consumers using the internet.
Types of E- businesses
Informative : corporate websites, educational institute websites etc
Business : Essentially E- commerce
Social platform : Facebook, twitter etc
Types of E-businesses
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Business – Broad categorization
B2B – Business to business
B2C – Business to consumer
C2C – Consumer to consumer
C2B – Consumer to business
Why do we need to categories?
We need this differentiation as
 Customers are different
 Different customers have different needs
 Different people have different skill sets to run different kind of
businesses
 Each business have their select customer base.
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Another Way to look At E-Commerce
1. Physical / tangible Goods
- From pins to television
2. Digital Goods
- Movie / Music downloads, wallpapers, e-books etc
3. Services
- Bill pay, travel ticketing, insurance premium etc
Companies in E- commerce space use either or a mix of all or some
E.g.: 1. Ebay.com to tradus.com
2. Hungama.com
3. Billdesk.com
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Learning's:
Sagorika Kantharia is a post graduate in Human Resource Management from Jamnalal Institute of
management and carriers rich experience of 20 years in media industry.
She is Heading HR function at Radio City 91.1 FM since 7 years, before that she was working with
Planet M, and before that Bennett, Coleman & Co. Ltd as Corporate HR, Before that she was
working as Vertical HR Heads for editorial brands like Times of India, Economic Times, Mumbai
Mirror, Navbharat times and Maharashtra times.
She is founder of “forum of Intelligence Learning”.
She has also launched Radio City school of Broadcasting in 2009 Instituted by Music Broadcast Pvt
Ltd which owns and operates Radio networks in 20 cities across India.
Key person in bagging the "Great Place to Work for” award for Radio City.
She is preferred speaker and quest faculty at some of the country’s top B-Schools.

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HR occupies a center stage in the organization strategy team and its active
contributor through its people processes. In the coming few changes are seen in
Talent acquisition and development and retention.
It is difficult to plan HR in the changing business scenario. If one has develop their
strategy carefully, one as to account for 10% variations as the year goes by, to
comply with unexpected changes in environment.
For any HR Personnel two biggest pain points would be finding the right candidate
and retaining them. Candidate with desired competencies are difficult to find,
because only right candidate can build strong workforce.
To create a great workforce culture for his people show employees their co-relation
between business growth and strong organization culture and assure employees all
support.
A organization must develop a well thought through retention strategy and invest
more time in developing key employees, the attrition can be managed well.
Provide employees with opportunity to excel and explore their potential.

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Organization culture and environment which encourages participation provides
learning and knowledge opportunities, career growth and benefits, feel respected
and valued, enjoy coming to work every day are important to attract and recruit the
good candidates.
Rewards and recognition programs should be conducted based on four values;
Thought leadership and Innovations, Building best-in-class consumer experience,
Process driven culture, and People orientation.
In an effort to build friendly atmosphere workplace and encourage employees to
collaborate and help their in own department and other department.
Set initiatives where employees are encourage to take pride in their own work and
share their success story with rest of the organization.
Young generation is more sharper and highly active and next step ideally should be
towards drafting policies and making strategy to engage this generations.

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Leanings:
Donear brand has established in 1977. It is one of major and respected brand in the
textile industry. After completion of education Mr. Agarwal set up the first
manufacturing facility at Murbad ( Maharashtra). He defined new standards in the
field of Fabric Manufacturing. Spoke about Donear Suiting's career path.
a) Gold medalist in Textile industry.
b) He won the Industry & Excellence award (year 2010) from the textile
association of India.
c) He has set up State of Art Manufacturing facilities in India .
d) Under his leadership Donear currently produces 17 million meters of fabric
annually .

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Spoke about modernization of Textile business
Technology has major impacted in Textile business also he believes in KARMA.
People should clear about goals when joining any organization, do not hesitate to
implementation of new things. Every time jumping or changing organization is not a
solution for bright career. People need to ask for growth in organization.

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Leanings:
Dr Avinash Phadke has come from a middle class Maharastrian family from Pune. His father and
grand father was also a doctor and that is why he also wanted to become a doctor. His father
used to run a small pathology in Pune in 1965. He completed his MBBS from KEM hospital
Mumbai. After spending two years in KEM hospital, he wanted to do research in Cancer
treatment so he joined Tata Cancer Hospital. He did his MD in pathology from Tata Cancer
Hospital. He wanted to make his career in pathology sector and he then joined his father
business in 1985. He started his own pathology and spread it across 19-20 cities in India. SRL
Pathology conducts 20,000 test daily of 6,000 patients across India.
SRL pathology is also tied up with various government agencies and is also ISO certified labs. Dr.
Avinash Phadke wanted to expand his business across PAN India but couldn’t manage his own
fund so he decided to make a partnership with Mr. Ajay Piramal, Chairman of Piramal Group. Mr.
Ajay Piramal funded the SRL pathology and took a partnership of 60%.

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His is running various pathology labs across India by own and partnering with Piramal group.
Dr Avinash Phadke feels himself lucky because he was guided by various senior doctors in Tata
Cancer Hospital and KEM Hospital. He was also surrounded by expert MD doctors from KEM and
Tata Cancer Hospital. Most of them have already joined SRL Pathology and working in the R&D
department. Dr. Avinash Phadke thinks that their employees are asset of their company as job
switching rate is only 1-2%. They have employed around 7,000 people across India.
He is working as a mentor and guest lecturer for various medical association and hospitals in
India. His wife Dr. Vandana is a doctor and his son Dr. Ajay has also joined his business.
Dr. Vandana visits his Shivaji Parks’ lab every day and she personally conducts the pathology tests
for the patients.

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Dr. Avinash Phadke started his first lab in Shivaji Park, Dadar. Now he has successfully created
more than 20 labs across India.
Dr. Avinash Padke had a vision and wanted to set-up many labs of SRL pathology across India but
it couldn’t be possible without his family, his subordinate doctors, and investor.
What made Dr. Avinash Phadke Successful in Pathology Business:
• A Long Term Vision
• Supportive Subordinate
• Family
• Entrepreneurial Skills
• Mentors
• Consumers Trust

▪The change in the name of Asia’s oldest stock exchange, from the Stock Exchange, Mumbai to
the Bombay Stock Exchange Ltd., (BSE Ltd.) is of more than cosmetic significance. Along with the
change in name comes a new perspective, one brought about by a comprehensive change in its
ownership and management. Until now, the BSE like most other exchanges in India was owned
and managed by brokers, who also had the sole right to trade in the exchanges. Conflicts of
interest were bound to arise in such situations. Until the advent of the National Stock Exchange
in 1994, the BSE was India’s pre-eminent exchange, accounting for an overwhelmingly large
proportion of the share market transactions of the country. Companies wherever located were
advised to seek a listing of their shares on the BSE so that they could have access to its large
reservoir of capital and investor base. Legally speaking, it was enough if they listed their shares
on any one of the regional stock exchanges, closest to their registered office. This last rule, like so
many others connected with the securities market, had to be discarded in the wake of the
sweeping changes in the financial markets since the 1990s. Perceptions of both investors and
regulators changed dramatically forcing the stock exchanges to overhaul themselves.
DEMUTUALIZATION OF BOMBAY STOCK EXCHANGE (BSE)
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▪A series of securities scams through the 1990s in which brokers were invariably held
accountable, the inability of the broker-dominated exchanges to check malfeasance, and a vastly
expanding role for the capital market in the national economy necessitated a thorough review of
the age-old stock market structure. In the new demutualised and corporatized exchanges that
came about as part of a major capital market reform a time-bound program for 10 other
exchanges has since been announced — the right to trade is segregated from the right to own
and manage the exchange. The transition is not going to be easy as it involves the imparting of a
much greater degree of professionalism. Stock market professionals from outside the broking
community are reportedly in short supply. By far the biggest unknown factor relates to the
future ownership of the exchange. Brokers will cede control and investors including retail ones
will hold a substantial portion of the exchange’s equity. Apart from this being totally new to
India, it does raise the possibility of other conflicts of interest including the one connected with
the listing of its own shares.
DEMUTUALIZATION OF BOMBAY STOCK EXCHANGE (BSE)
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Microsoft's $26.2 billion acquisition of LinkedIn is its biggest purchase ever in the
company's 41-year history.
Microsoft's $26.2 billion acquisition of LinkedIn is its biggest purchase ever in the company's 41-
year history. Here is the list of Microsoft's five biggest acquisitions apart from LinkedIn:
1. Skype - $8.5 billion
Microsoft had bought Skype for $8.5 billion in cash in May 2011, its biggest acquisition at the time.
Post acquisition, Skype had become a business division within Microsoft.
2. Nokia's devices & services business - $7.2 billion
Microsoft bought Nokia's devices and services business in September 2013 to strengthen its
mobile offerings. 2 years later, the company however took a $7.6 billion write-off and recently sold
its feature phone business for $350 million.
MICROSOFT'S 5 BIGGEST ACQUISITIONS
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3. aQuantive - $6.3 billion
Microsoft had acquired aQuantive for $6.3 billion in 2007 to create a viable rival to Google's
advertising business. The company however took a $6.2 billion write-down five years later.
4. Mojang - $2.5 billion
Microsoft bought Mine craft maker Mojang for $2.5 billion in November 2014, following which the
Mojang team joined Microsoft Studios.
5. Visio Corporation - $1.375 billion
Microsoft had purchased the diagramming software provider Visio for $1.375 billion in 2000 to
offer it as an office add-on.
MICROSOFT'S 5 BIGGEST ACQUISITIONS
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India has been rising in the ranks of favourite destinations to open innovation centres. Our
previous research identified eight innovation centres in India in July 2015."
Innovation centres in the country doubled to 16 in the six-month period till February this year, to
leapfrog India into top 5 globally when it comes to innovation, a report by consulting major
Capgemini said today.
"India has been rising in the ranks of favourite destinations to open innovation centres. Our
previous research identified eight innovation centres in India in July 2015. India has since seen
eight more innovation centres open their doors," it said.
"India has...leapfrogged to top 5 global locations for innovation centre," it added.
Bengaluru added four of the eight new innovation centres to emerge as the fifth global hub for
innovation in a list led by Silicon Valley, London, Paris and Singapore, it said.
The new innovation centres opened in the last few months include top brands like Apple, Airbus
and Visa, it said.
Other global companies who have checked-in into the country to house their centres of innovation
include engineering company TriMas Corporation campus in Delhi for packaging solutions and
food ingredient Puratos' centre in Mumbai.
INDIA AMONG TOP FIVE INNOVATION DESTINATIONS: REPORT
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Airbus' Bizlab intends to bring together start-ups and its internal entrepreneurs, while Visa will
house 1,000 developers who will work on next generation payment solutions, it said.
The report comes amid a growing thrust on innovative start-ups and ease of doing business by
the Government.
Globally, the financial services industry leads the rest of the pack in opening new innovation
centres, it said, adding that 42% of the leading financial organisations had innovation centres in
February 2016 as compared to 28% in July 2015.
Financial sector constituted 24% of the newly opened innovation centres, ahead of 21% from
electronics and IT and 16% from the manufacturing sector, it said.
A bulk 55% of the new innovation centres globally operate as start-up accelerators, while 33% of
them are in-house innovation labs, it said.
There has been a shift in the focus area on innovation to internet of things from the earlier big
data, it said.
INDIA AMONG TOP FIVE INNOVATION DESTINATIONS: REPORT
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▪As with our growth, it is unlikely that India will take the same path to innovation which
the Western world took
On the surface, India is not an innovation economy. We have too few patents for a country of our
size and very few globally path-breaking products have been invented here. We lack a tradition
of people starting businesses which go on to undermine the business models of big companies,
and we haven’t invented many new industries (with the notable exception of information
technology or IT Services). Even the current e-commerce wave is a derivative of what has
happened in the West, and in some ways has significantly lagged behind other parts of the
world.
This lack of innovation is part inevitable and part ironic given the ubiquity of jugaad—improvised,
flexible solutions that offer a low-cost, quick, and creative fix to local problems. Jugaad in itself is
quite innovative, in a narrow sense of the word. But this paradox is not unique to India; it is a
wider emerging market phenomenon. Given the institutional vacuum and resource constraints
that most emerging markets operate in, it is natural that most have their own version of jugaad,
right down to a unique word for it—Brazilians call it gambiarra, the Chinese call it zizhu
chuangxin, and Kenyans, jua kali.
LEAPFROGGING THE WORLD WITH FRUGAL INNOVATION
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▪Innovation is the rich world’s game. Developing new products that can scale takes significant
investments in cash, talent, and other resources which our companies can’t afford; sizeable
public investment in pure science and higher education which we haven’t made; and easily
available capital for entrepreneurs and companies which we have always been lacking.
Will we have to get rich before we get innovative? Or do we innovate along dimensions
traditionally unexplored by the Western world?
Doing more with less, faster and more effectively
From the Jaipur Foot, which has allowed poor Indians access to good quality, affordable
prosthetics since 1968 to Mitticool, the clay fridge developed in the aftermath of the 2001 Gujarat
earthquake, India has been an incubator of frugal innovation. Several of these solutions were
successful because the entrepreneurs behind them recognized the financial and infrastructure
constraints of operating in a developing country. Tapping into traditional knowledge sources and
readily available materials, these agile entrepreneurs created cost-effective solutions to local
problems.
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▪This is frugal innovation—anchored in the mindset of jugaad but oriented towards creating
products and solutions uniquely suited to Indian needs. Frugal innovation is not just about
individuals— it is something which has been embraced by the government and large companies,
both Indian and multinational.
Tata Nano was catalyzed by a desire to develop an inexpensive family car—the world’s
cheapest—for India’s middle class. Frugal engineering and unique design features made it
possible. Swach was a similarly low-cost solution to the need for safe drinking water. The
Mangalyaan mission used home-grown technologies to successfully send an operational
spacecraft to Mars, on its very first attempt, on a budget of $74 million—less than what it costs to
produce many Hollywood movies!
Multinational corporations have leveraged frugal innovation to develop high-quality, affordable
products and boost penetration levels.
Along the way, many of the more successful outcomes have made their way to Western markets.
Among the best-known of these exports are GE’s portable electrocardiogram and ultrasound
machines—breakthrough offerings developed for the Indian market that are now being sold in
the US as well.
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▪Reliance Industries, State Bank of India and 54 others figure among world's largest public
firms: Mukesh Ambani-led Reliance Industries leads the pack of 56 Indian firms in Forbes's annual
list of the world's 2,000 largest and most powerful public companies, with the US leading the list with
586 companies. The 2016 Forbes 'Global 2000, a snapshot of the world's largest companies, shows
the dominance of US and China in the current global business landscape. US and China-based
companies dominate the top 10, with only Japan's Toyota Motor at the 10th tenth preventing a clean
sweep for the two nations.
Higher foreign investment cap to boost global capital: Yes Bank: Private lender Yes Bank on
Thursday said approval by the government to hike the foreign investment limit to 74 per cent will
enhance its flexibility in raising capital at a global level, going forward. It is expected to bring in
foreign direct investment (FDI) of the order of $1 billion (Rs 6,885 crore) into the bank. The Cabinet
Committee on Economic Affairs (CCEA) yesterday allowed the bank to increase foreign investment
limit to 74 per cent, from 41.87 per cent earlier.
Investor wealth surges by over Rs 2.69 lakh cr in three days: Investor wealth surged by over Rs
2.69 lakh crore in three days, with the Sensex gaining over 1,100 points, on expectations of further
economic reforms in the third year of the Modi government. The 30-share index ended the day at
26,366.68, a sharp rally of 485.51 points or 1.88 per cent -- nearly a 7-month high. In three trading
sessions, the index has gained 1,136.32 points. Consequently, the market capitalisation of BSE-
listed companies surged Rs 2,69,402 crore to Rs 98,11,322 crore.
NEWS IN BRIEF
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▪RBI asks banks to upgrade ATMs to prevent cloning of cards: RBI has asked banks
to upgrade all ATMs by September 2017 with additional safety measures to prevent
skimming and cloning of debit and credit cards. The Reserve Bank noted while the POS
terminal infrastructure in the country has been enabled to accept and process EMV Chip
and PIN cards, the ATM infrastructure, on the whole, continues to process the card
transactions based on data from the magnetic stripe. "As a result, the ATM card
transactions remain vulnerable to skimming, cloning, etc frauds, even though the cards are
EMV Chip and PIN based. It has, therefore, become necessary to mandate EMV Chip and
PIN card acceptance and processing at ATMs also," the RBI said.
HDFC among world's top 10 consumer financial services company: Mortgage lender
HDFC Ltd has been ranked among the world's ten biggest and most powerful companies
in the consumer financial services sector on a Forbes list topped by global major American
Express. Ranked 7th, HDFC is the only Indian company in top-ten in this category, where
others include Capital One, Visa and MasterCard. In the overall list of the world's 2,000
largest and most powerful public companies compiled by Forbes, HDFC is ranked 404th
while it is at tenth position among Indian firms.
NEWS IN BRIEF
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▪The Leaked Source website adds that hacked Twitter data is comprised of 32,888,300 records,
including not only email addresses but also usernames and passwords.
Back in 2012, over 100 million LinkedIn passwords were hacked, which recently also led to Facebook
CEO Mark Zuckerberg's other social accounts getting compromised.
It seems that Twitter is next in line, as it has been reported that passwords for around 32 million Twitter
accounts have been hacked and leaked by a hacker named 'Tessa88@exploit.im'.
Not only the account credentials of general users have leaked via the hack. The Twitter co-founder Evan
William's account was also hacked for brief period. However, the hack was done by someone else.
A website going by the name Leaked Source claims that it has received a copy of the users' information
from 'Tessa88@exploit.im,' which is the same alias used by the hacker(s) who reportedly hacked
Russian social network VK earlier this month, as reported by TechCrunch.
The Leaked Source website adds that hacked Twitter data is comprised of 32,888,300 records,
including not only email addresses but also usernames and passwords. Most of the passwords are said
to be in plain text. The site adds that it asked 15 users to verify their passwords from the data leak, and
all of them confirmed.
OVER 32 MILLION TWITTER PASSWORDS REPORTEDLY HACKED
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▪While the details on how the hack was implemented are not yet known, Leaked Source says that the
hacker might have collected data using malware affecting popular browsers like Firefox and Chrome, or
might even have picked up details directly from Twitter.
It also said that Facebook CEO Mark Zuckerberg's account credentials were not included in the leak.
On the other hand, Twitter says that their systems have not been breached, as reported by TechCrunch.
"We are confident that these usernames and credentials were not obtained by a Twitter data breach -
our systems have not been breached. In fact, we've been working to help keep accounts protected by
checking our data against what's been shared from recent other password leaks," said a Twitter
spokesperson.
Also, Twitter trust and information security officer Michael Coates posted that "We have investigated
reports of Twitter usernames/passwords on the dark web, and we're confident that our systems have not
been breached." He further said that the Twitter is working with LeakedSource to obtain the information.
The Twitter co-founder Evan Williams' account was also hacked for a brief time period. OurMine, the
same group that claimed to hack the Twitter and Pinterest accounts of Facebook CEO Mark
Zuckerberg, have taken credit for this as well.
OVER 32 MILLION TWITTER PASSWORDS REPORTEDLY HACKED
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1. Be Aggressive :
Because executive level jobs can be hard to find, you must be aggressive in your search. Reach out to
everyone in your network—people you worked above, beside, and below—and let them know you’re
looking. You never know where your next job lead may come from, and now is not the time to be shy or
‘above’ letting others know what you’re looking for.
Being aggressive also means marketing yourself. Take a hard look at your resume to see if it ‘sells’ you
as a problem-solver, a money-maker, or a good leader. Then take active steps to make sure your
resume gets in front of decision makers.
2. Research :
Yes, some leadership qualities and strategies are universal, but there’s no substitute for knowing a lot
about the company you’re interviewing with. Recruiters and company leaders alike will be impressed
and more confident in hiring you if you’ve done your homework on the company (size, locations,
revenue, products, services, and so on) and its mission or goals. Know as much as you can about what
problems they may be having, what’s going on in the industry, and what their competitors are doing. Go
an extra step to find out about the backgrounds of top executives in the company. Google and LinkedIn
are great ways to find this information, but also tap your network to see who you can talk to who may
work for or previously worked for this company.
5 KEY STRATEGIES FOR AN EXECUTIVE JOB SEARCH
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3. Practice Your Answers To Interview Questions
No matter how long you’ve been in the game or how good you are at your job, most people aren’t that
skilled at presenting themselves well in an interview. You would practice your pitch before any big
presentation within the company, so why wouldn’t you put in that same effort for yourself? Practice
answering interview questions, and maybe even work with an interview coach. Your answers, your delivery
and your body language all work together to show you are someone who is confident and capable.
4. Bring A 90-Day Plan (Or Even A 6-Month To 1-Year Plan)
Nothing will prove your fit for the job, your drive and commitment, and your ability to succeed more than a
written plan of goals and action steps for your first few months on the job. Not only will creating your plan
prepare you for the interview, the discussion you’ll have about your plan will allow you to communicate at a
more substantial level about the job and avoid a lot of the obstacles that derail many executives in the first
year. Learn more about 30-60-90-Day Plans for Executive Jobs.
5. Ask For The Job
At the end of your interview say, “Based on what we’ve talked about today, would you feel confident in hiring
me for this position?” Or, if it’s more appropriate: “Would you recommend me?” Or, “Would you like to set up
another discussion?” Whatever the next step is in your process, be bold and ask for it. Companies will be
turned off by someone who acts as if they aren’t all that interested in the job. All of us want to work with
people who want to work with us. They’ll feel better knowing you are excited about the opportunity, and you
will boost your chances of getting the offer.
5 KEY STRATEGIES FOR AN EXECUTIVE JOB SEARCH
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▪A Padma Shri recipient, winner of a People’s Choice award, Miss World 2000, actress, singer, American TV
star… You know who she is. Priyanka Chopra . But do you know what she thinks about money? Here are five
money lessons that she stands by.
1. Financial independence is paramount
The first money lesson that Chopra learnt from her mother was the importance of being financially
independent. “My mom always says that when a woman is financially independent, she has the ability to live
life on her own terms. That was the best advice I ever got. No matter where you go in life, or who you get
married to, you have to be financial independent. You don’t know which curve balls life will throw at you.
Hence, you need to have the ability to take care of yourself and people whom you love,” Chopra says.
Earning itself doesn’t make you financially independent. When you know how much money you have, where
it is and what it can do, it’s easier to take decisions.
2. First save, then spend
“This habit of saving first and then spending was inculcated even before I started earning—when I used to
get my pocket money. I used to save my pocket money. I am not a miser. In an everyday situation, I am like
an ant. I keep putting money aside because I know that if I want to splurge, there is a big mountain of money
that I can use which gets accumulated,” says Chopra. One must always save a part of what one earns. The
target need not be very high target in the beginning. The equation should always be income minus savings is
equal to expenses. You can do this by putting your savings on auto-pilot by letting a fixed amount be invested
every month.
PRIYANKA CHOPRA’S FIVE MONEY LESSONS
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3. Seek professional advice
Chopra is among the busiest stars in the Indian film industry. Since her work leaves her with little extra
time, she depends on a team to manage her finances. “I have a good team who takes care of all of that.
I leave it to the people who actually know what they are doing. I have a really amazing team, which
includes my business managers over there (in the US) and over here (in India). My mom heads it. So, I
don’t even get into the nitty-gritties,” says Chopra. The money that you earn and save needs to be
managed productively. So, if you don’t have time or don’t understand money management, seek
professional help. Your financial planner or adviser will not only help you make appropriate investment
decisions but also reset the financial discipline that you need to achieve your goals. A dedicated
financial adviser whom you trust can bring clarity and stability to your money life.
4. Be regular
Be it your studies, career, or investment, your efforts need to be consistent to get results. “If you
consistently ace every exam or every test you take, you will keep on getting A+. If you study for all small
tests, and get an A+ for all, eventually you will come first in class. Anything you do, you can’t lower your
standards; eventually you will win. The plan is not the big win; the plan is winning today, right now,” says
Chopra. Incremental investments need to be made regularly. To grow wealth, money needs to be added
bit by bit. Be disciplined in investing. Besides keeping money aside consistently, take a relook at
investments when needed.
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5. Keep track of your money
In the initial days of her career, Chopra used to keep track of her money by jotting down details in a
diary. “Initially, mom and I used to have a little diary where we would write what is coming in and what is
going out just to keep track because there are months where you get a lot of money and then there are
months where you get nothing. So you have to be able to make sure that you even-out for the entire
year. This was especially so in the beginning for me,” shares Chopra. Whether you have a regular
income or not, begin with writing down all expenses. You could use a diary, and Excel sheet or even
apps. If you track your cashflow, you will be able to track down unnecessary expenses.
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Facebook says 360-degree photos can also be seen in virtual
reality compatible devices
Facebook Inc on Thursday launched a feature that allows users to upload photos
with 360-degree views.
Apart from photos taken from 360-degree cameras, panoramic photos taken on a
mobile phone can be converted to a 360-degree view on the newsfeed, the company
said on Thursday.
The photos can also be seen in virtual reality compatible devices, Facebook said.
Facebook rolled out a similar service for video last September.
FACEBOOK ADDS 360-DEGREE PHOTOS TO NEWSFEED
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Mock interviews provide candidates with an opportunity to test out their interview skills with
someone who isn’t evaluating them for an actual job. A mock interview may be offered
through career services for students or recent alumni, by a career coach or through a local
workforce services office for candidates in the process of transitioning to a new opportunity.
Here are some of the benefits of a mock interview:
1. They help you reduce stress and anxiety about interviewing.
If you’re not sure how to answer typical interview questions, mock interviews provide a great
opportunity for you to “test drive” your answers. The person conducting the mock interview
is most likely a skilled interviewer and can give you feedback on whether or not your
response is suitable.
2. They help you boost your confidence.
Job coaches who conduct mock interviews are usually ready to point out your strengths in
the interview process. By having confidence in your skills, you will perform better in an
actual interview.
4 BENEFITS OF A MOCK INTERVIEW
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3. They provide you with constructive feedback in a low-stress environment.
No one is the perfect candidate, so mock interviews help you clarify responses to certain questions
and help you work on areas where you may have weaknesses. In a real interview, there’s often not
feedback about your interviewing abilities, so a mock interview is a perfect opportunity to find out
why you may be having some difficulty in landing your dream job.
4. They can help you prepare for behavioural-based interview questions.
Many companies use “BI” questions. If you’re not familiar with this type of interviewing, it may be
advantageous to give it a practice run in a mock interview.
The expression that practice makes perfect may very well be true with interviewing skills. Take
advantage of mock interviewing opportunities even if you think you’re skills are at a very high level.
There are things that we can all improve upon when it comes to making a great impression on a
prospective employer.
4 BENEFITS OF A MOCK INTERVIEW
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