BENGALURU: Tata Sons chairman N Chandrasekaran said even as AI will enhance productivity, it may also result in job losses. “It’s a mixed bag. We need to reskill and upskill to handle this change. While there will be job losses, AI will create jobs in data management,” Chandrasekaran, who is also TCS chairman, said at…
India FY24 GDP growth data: Indian economy grew at a faster-than-expected rate of 7.8% year-on-year in the January-March quarter, driven by robust growth in the manufacturing sector. For the full year 2023-24 it is estimated that India’s GDP is estimated to have grown at a robust 8.2%. Economists anticipate this momentum will remain strong throughout…
7th Pay Commission news: The central government’s decision to raise the dearness allowance for its employees by 4%, bringing it to a total of 50%, has led to significant changes in various allowances, including retirement gratuity. This increase is a substantial benefit for government workers.ET quoted the latest per the Office Memorandum (OM) dated May…
Modi’s midas touch for PSU stocks? Since the beginning of the Lok Sabha election on April 19, Dalal Street investors have been accumulating PSU stocks in substantial quantities, confident that ‘Aayega to Modi hi’. The market capitalization of the BSE PSU index has risen by nearly Rs 7 lakh crore during this period, with shares…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Friday. While BSE Sensex moved up over 300 points, Nifty50 was above 22,550. At 9:18 AM, BSE Sensex was trading at 74,234.07, up 348 points or 0.47%. Nifty50 was at 22,587.65, up 99 points or 0.44%.The equity markets continued…
The top Indian IT outsourcing companies have experienced a significant reduction in their bench strength within a short period. However, this may not necessarily be a negative development for these global services leaders. By leveraging higher utilization rates and generative artificial intelligence (GenAI), they are able to drive efficiencies throughout their talent hierarchy as the…
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, dipped in opening trade on Thursday. While BSE Sensex dropped over 200 points, Nifty50 was near 22,650. At 9:22 AM, BSE Sensex was trading at 74,398.62, down 104 points or 0.14%. Nifty50 was at 22,675.70, down 29 points or 0.13%.The Indian equity markets experienced…
In September 2018, a meeting with Prime Minister Narendra Modi marked a pivotal moment for Sunil Bharti Mittal-led Bharti Airtel, which was grappling with a severe crisis at the time, according to the Bharti Group founder. Airtel was struggling due to the impact of free voice and data services provided by new entrant Reliance Jio…
NEW DELHI: Global ratings agency S&P on Wednesday revised India’s outlook to ‘positive’ from ‘stable’ citing robust growth and improvement in the quality of govt spending, but kept the sovereign rating at the lowest investment grade of BBB (minus).“We expect sound economic fundamentals to underpin the growth momentum over the next two to three years.Regardless…
MUMBAI: Insurance regulator Irdai has brought in several reforms in health covers aimed at improving service standards for policyholders. The new norms will require insurers to approve cashless claims within an hour and provide final authorisation for discharge from a hospital within three hours.Insurers will also need to provide a one-month grace period for annual…
