logo
J&K Bank appoints Ketan Kumar Joshi as new CFO

J&K Bank appoints Ketan Kumar Joshi as new CFO

Economic Times4 days ago
Live Events
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
The Jammu and Kashmir Bank on Sunday announced the appointment of Ketan Kumar Joshi as its new chief financial officer for a term of three years.Joshi has replaced Fayaz Ahmad Ganai, a spokesperson of the J&K Bank said. The Bank notified the appointment to the stock exchanges in accordance with SEBI Regulations."A seasoned professional in banking and finance, Joshi brings over two decades of extensive experience across Indian and international financial institutions," the spokesperson said.Before joining the J&K Bank, Joshi served as CFO at North East Small Finance Bank Ltd. (2019-2024), where he successfully led a number of critical initiatives.He also spearheaded the bank's system migration from FIS (PROFILE) to BSG (TURING), ensuring capital growth aligned with business expansion and regulatory requirements.Joshi has served in Afghanistan with Maiwand Bank Bakhtar Bank , and Ghazanfar Bank. He also served as senior vice president at Bank of Tokyo-Mitsubishi UFJ Ltd, Mumbai.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Domestic capital rises as global caution prevails in Indian real estate
Domestic capital rises as global caution prevails in Indian real estate

Economic Times

time20 minutes ago

  • Economic Times

Domestic capital rises as global caution prevails in Indian real estate

iStock Representative image. India's real estate market is witnessing a decisive shift in the investment landscape, as domestic capital takes center stage amid global caution, reveals Colliers India's Q2 2025 investment overview. Institutional investments touched USD 3.0 billion in H1 2025, with domestic players contributing nearly half of the inflows for the first a relatively modest start to the year, investments rebounded strongly in Q2 2025, rising 29% sequentially to USD 1.7 billion. While this was still 15% lower than H1 2024 levels, the momentum in domestic capital offers a clear sign of confidence in the sector's fundamentals, even as foreign investors tread carefully amid global macroeconomic investments surged 53% year-on-year to USD 1.4 billion in H1 2025, now comprising 48% of total real estate inflows—up from just 16% in 2021. In contrast, foreign capital flows shrank 39% YoY to USD 1.6 billion, impacted by inflationary pressures, tighter credit flows, and global economic uncertainty.'Domestic capital has become a stabilizing force for Indian real estate,' said Badal Yagnik, CEO of Colliers India. 'Over 60% of domestic investments in H1 2025 were directed toward residential and office assets, underscoring investor confidence in core segments.'A standout example is the USD 175 million investment by HDFC Capital Advisors and Eldeco Group in the residential segment across multiple cities, signaling strong domestic institutional appetite for housing-led projects. Residential real estate emerged as the top performer in Q2 2025, drawing 31% of the quarterly investments and 27% of H1 2025 inflows—up 27% YoY. This resurgence was driven by healthy end-user demand, affordability, and a more favorable interest rate Ashwin Sheth Group secured USD 65 million in residential funding from private equity firm PAG, showcasing targeted interest in high-quality housing mixed-use category also gained traction, accounting for 26% of Q2 and 21% of H1 investment volumes. Century Real Estate attracted USD 215 million from Ares Asia and SC Lowy for a large mixed-use project in Bengaluru, reflecting investor preference for integrated of the most notable turnarounds in Q2 2025 came from the retail sector, which garnered USD 380 million—a dramatic shift after negligible activity in previous quarters. This was led by a landmark deal in Kolkata, where Blackstone invested USD 380 million in South City Projects, underscoring rising institutional appetite for high-performing retail assets.'Retail is staging a steady comeback, driven by strong consumption, urbanisation, and evolving spending patterns,' said Vimal Nadar, National Director & Head of Research, Colliers India. 'REITs and institutional investors are actively scouting for quality retail opportunities across key metros.'Retail's overall share in H1 2025 stood at 13%, compared to negligible levels a year ago, signaling a broader revival in physical retail Mumbai and Bengaluru emerged as investment hotspots, jointly contributing 39% of H1 2025 inflows. Mumbai led with USD 656 million, up a staggering 408% YoY, driven by key office and residential deals. Bengaluru followed with USD 499 million, with 57% of its share in residential and office Kolkata's sudden leap—from zero in H1 2024 to USD 380 million in H1 2025—was powered solely by the Blackstone retail deal, Delhi NCR and Hyderabad saw sharp YoY declines of 47% and 15% respectively. Chennai witnessed a steeper drop of 69%, and Pune too saw inflows fall by over 90%, showing concentration of capital in top-tier and high-potential data also reveals a cooling in industrial and warehousing, which contributed 10% to H1 2025 investments but saw zero inflows in Q2 2025. The sector's peak in Q1—highlighted by Welspun One's USD 229 million warehousing deal—could not be sustained in the second quarter, possibly due to project pipeline issues or valuation mismatches. Alternative assets—comprising data centers, student housing, senior living, and life sciences—accounted for 5% of both Q2 and H1 inflows. Notably, GIC's USD 88.2 million investment in SAMHI Hotels reinforced the growing appeal of hospitality and allied sectors. REITs continued to play a critical role, as seen in Mindspace REIT's USD 235 million deal for office assets in Hyderabad earlier this year. While foreign flows declined overall, institutional investors still found value in select core real estate sector continues to navigate a dynamic landscape shaped by domestic strength and global caution. The increasing prominence of homegrown capital is a structural shift, signaling greater maturity, institutional depth, and confidence in long-term domestic investors deepen exposure and foreign players selectively re-engage, the market is expected to remain resilient across residential, retail, and mixed-use segments. With REITs broadening access and large-ticket deals returning, H2 2025 could see an even stronger momentum—especially if global macroeconomic signals stabilize.

AI is changing the way we learn — and Shoolini University is leading the way
AI is changing the way we learn — and Shoolini University is leading the way

Time of India

time21 minutes ago

  • Time of India

AI is changing the way we learn — and Shoolini University is leading the way

A quiet transformation is underway in Indian classrooms . Artificial Intelligence (AI), once confined to tech labs and research papers, is now reshaping the way students learn, how teachers teach, and how universities function. At the forefront of this shift is Shoolini University — a research-driven institution in the Himalayan foothills — which has gone beyond the digital and embedded AI into the core of its learning ecosystem. Here, AI is not just a support system — it's an integral part of the classroom. From adaptive learning tools and smart labs to AI-based feedback systems and writing assistants, technology is being used to make learning more personalised, efficient, and inclusive. Whether it's analysing student performance or helping create better assignments, AI is helping bridge gaps and boost learning outcomes in real time. And it's not limited to labs or programming classes. AI shows up in places you wouldn't expect — across literature, history, business, and more. Inside Shoolini University's AI & Futures Centre | Shoolini Innovation Labs | Shoolini University Not just tech — AI across disciplines Artificial Intelligence (AI) at goes far beyond the expected domains of computer science or data analytics. It's woven into the learning experience across diverse fields, transforming how students engage with their subjects. In literature classes, for instance, students use AI tools to analyse the works of writers like Shakespeare and Salman Rushdie — comparing syntax, tone, and structure across time periods. Tools like Grammarly and AI-assisted writing platforms help them refine narrative techniques and understand storytelling mechanics with greater clarity. In history, AI helps decode ancient texts, while virtual reality (VR) models recreate historic cities, allowing students to experience the past instead of just reading about it. The result is deeper learning that bridges theory and immersion. Business students use AI simulations to model consumer behaviour and market trends, applying real-time data to develop marketing strategies or run mock enterprises. This prepares them to work in environments where data-driven decisions are the norm. 'AI in liberal arts helps students overcome basic errors and focus on deeper analysis and creativity,' says Nishtha Shukla Anand, Trustee and Director, Shoolini University. 'AI is not replacing thought but making space for it,' she adds. Smarter classrooms, more human learning The impact of AI is most visible in the classroom. At Shoolini, smart classrooms, adaptive learning platforms, and facial recognition systems are creating a more responsive learning environment. These tools monitor engagement and help faculty identify when students are struggling — so the support they get is timely and specific. The university houses a dedicated XR and AI Research Centre, along with the AI & Futures Centre, where students access the latest technologies and experiment hands-on. This access makes learning AI not only practical but inclusive and engaging. 'We want learning to be adaptive, not standardised,' says Prof Deepak Goel, Dean of the Yogananda School of AI, Computer and Data Sciences. 'Our goal is to give students the right education at the right time,' he emphasises. Empowering educators, not replacing them One of the biggest questions around AI in education is whether it might replace human teachers. At Shoolini, the answer is clear: It won't. Here, AI is a tool for educators, not a substitute. Students don't follow a traditional pen-and-paper exam model. Instead, they take exams online at their convenience — under digital supervision and with professors involved throughout the process. The evaluation is streamlined, accurate, and less time-consuming. 'As teachers, we guide, challenge, and support our students — AI helps us do that more efficiently,' says Prof Nisha Kapoor, Public Relations Officer and faculty member. 'And we're learning alongside them, too,' she smiles. AI in psychology and wellness AI is also finding relevance in areas like psychology and wellness. Associate Professor Nisha Kumari from the Psychology Department explains how neural networks — the foundation of modern AI — have their roots in cognitive psychology. She says, 'We teach students how AI mimics human thinking. They learn to analyse behaviour, track emotional responses, and even identify psychological patterns using AI tools.' In yoga, technology enhances physical awareness. 'AI-based tools help students adjust posture, improve breathing, and track wellness metrics,' says Assistant Professor Renitta Sinha, adding, 'This brings a new dimension to traditional practices.' Research, patents, and hands-on innovation 's research-led approach is a major reason it stands out in AI education. The university follows a 'One Student, One Patent' policy — an ambitious effort that has already resulted in over 1,500 patent filings, the highest among Indian private universities. From the first year itself, students work on real projects. At the XR and AI labs, they prototype ideas, test them, and refine them under expert guidance. Whether it's a smart agriculture model, facial recognition software, or tools to interpret climate data, students are encouraged to build solutions with real-world impact. A future-ready curriculum Shoolini's B Tech in Artificial Intelligence offers specialisations in areas like Smart Manufacturing, AI & ML, Electric Vehicles, and VLSI Design. The curriculum is updated regularly with insights from industry leaders to stay relevant in a fast-changing tech world. The university's Mission 130 aims for 100% placements, with at least 30% of students recruited by top organisations. Companies like L&T, Eicher, Havells, Reliance, and Onida are among those hiring Shoolini graduates. The university also partners with institutions like IIT Kanpur, Punjab Engineering College, and Ikigai Lab . These tie-ups give students opportunities to work on national-level projects and innovation challenges. At the same time, collaborations with AWS, IBM, and Bosch provide access to industry certifications, cloud-based tools, and hands-on experience. Shoolini's reputation in engineering is backed by numbers. It has received a Diamond rating from QS I-Gauge and is ranked 7th in India by the QS World University Rankings by Subject, and 4th by Times Higher Education World University Rankings by Subject. Its faculty include scholars and researchers from globally respected institutions like Stanford, Oxford, Columbia, Berkeley, NIH, NCI, IITs, IIMs, and IISc. Students also take up interdisciplinary minor subjects. A liberal arts student might study AI for Humanities, while management students learn to use AI tools for data-driven decision-making. Global collaborations Shoolini University's AI ecosystem is enriched by over 250 partnerships with international universities. These include the University of Arkansas (USA), Gachon University (South Korea), and the University of Naples Federico II (Italy), among others. Students get opportunities for exchange programmes, internships, and joint research — giving them exposure to international trends and best practices in AI and related fields. Built for focused learning Located in the quiet hills of Kasauli near Chandigarh, Shoolini offers a learning environment that's both calm and inspiring. Far from distractions, students focus better, think deeper, and explore with more clarity. 'Students don't just come here to study,' says Chancellor Prof Prem Kumar Khosla. 'They come to think, explore, and build. AI is one of the most powerful tools we can offer them,' he adds. The bigger picture What sets Shoolini apart is its vision — to treat AI not as a standalone subject, but as a way of thinking. While debates around AI often focus on automation and job loss, Shoolini is showing what responsible, human-focused AI education can look like. Here, AI isn't about replacing people. It's about equipping them — with skills, with perspective, and with the confidence to lead in a changing world. Disclaimer: This article has been produced on behalf of Shoolini University by Times Internet's Spotlight team.

With multiple startups IPO-ready, Tenacity Ventures now plans a bigger second fund
With multiple startups IPO-ready, Tenacity Ventures now plans a bigger second fund

Mint

time27 minutes ago

  • Mint

With multiple startups IPO-ready, Tenacity Ventures now plans a bigger second fund

Mumbai: Tenacity Ventures, backed by founders of Dream11, is gearing up to launch a $150 million second fund even as several companies from its debut portfolio move closer to public market listings, the firm's top executives told Mint. 'While companies like Purplle, Headout, Tonbo Imaging and Exotel are already IPO ready, others, including IDfy, Toddle, Seclore, Clear, Videonetics, and Qnu Labs, will certainly have the scale to explore options for a listing over a three-year timeframe," Tenacity's managing directors Rohit Razdan and Gourav Bhattacharya told Mint in a joint interview. They did not disclose if they plan to sell stakes in the IPOs. 'There is enough flexibility in India, and I think the overall ecosystem has seen a good progression in the last couple of years with many startups tapping the public markets," Razdan said. 'We expect this to ramp up in the coming years as the broader sentiment from regulators and investors alike is to encourage more companies with sustainable metrics to go public." Also Read: IPO street is lighting up as hopes swell, global worries fade While they will also explore strategic options for exits, Razdan added that the early growth stage fund is likely to see IPOs as a larger percentage of exits, given that Tenacity typically invests in mature companies with a strong product market fit. 'In some cases, public markets may not necessarily know how to value certain assets, so strategic options make more sense," he said, adding that the aim is to have many exit options always available for its companies. The VC firm has already clocked its first exit in Effectiv, a real-time risk decisioning firm, with almost a 2.5x gain when the company was sold to US-based Socure, an artificial intelligence-based provider of fraud prevention and digital identity verification, for $136 million last year. Also Read | Ride the bond-wagon: VCs and fintech startups rush to tap the latest retail investor fancy New fund Tenacity's new fund comes after the VC firm announced the final close of its first fund at $100 million in March last year to invest in Indian companies. About 80-85% of the first fund has already been deployed across 15 companies and the investment firm will begin the process for the second fund in the coming months. Largely backed by domestic investors, including other startup founders and senior executives, Tenacity plans to increase its average ticket size by 45-50% to ₹60-70 crore in its next fund for which it will also tap institutionalized pools of capital alongside existing investors. Its current average ticket size is around ₹40-50 crore. With a focus to invest in software and deep-tech companies across series B and C stages, the VC firm looks for companies that are built in a capital efficient manner with low volatility and high ability to generate returns. Also Read: Are Indian venture capitalists investing in moonshot ideas? Meanwhile, fundrasing momentum has picked over the last six to eight months with several private equity and venture capital firms including Kedaara, ChrysCapital, Stellaris Ventures, India Quotient, Sixth Sense, Prime Ventures, Accel, A91 Partners, Cornerstone VC and Bessemer Venture Partners that have launched new funds. Tenacity joins the growing list of other investment firms such as Nexus Venture Partners, Lok Capital, Chiratae Ventures, Peak XV Partners, WEH Ventures, InCred Alternative Investments, Avataar Venture Partners, Blume Ventures and Fireside Ventures that are also preparing to raise fresh capital.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store