For India to transform into a high-income country with a projected gross domestic product (GDP) of $23-35 trillion, will need a sustained annual growth of 8 per cent to 10 per cent. This will be powered by India's demographic dividend, technological innovation, and sectoral transformation, according to the "India@2047: Transforming India Into A Tech-Driven Economy" report by Bain & Company and Nasscom. By 2047, the services sector is expected to contribute 60 per cent of India's GDP, while manufacturing will account for 32 per cent, both playing a pivotal role in economic expansion.
Productivity isn't always about doing more. It's about doing what matters, with enough room to breathe, says Adarsh Rai, an emotional intelligence coach and founder-CEO of HR Brain HUB.
Call centres, once the engine room of India's BPO exports, are evolving too. Depending on the complexity, 30 to 50 per cent of voice and chat volumes are now handled by conversational AI.
'That way you're not hostage just to US sort of exports to India.'
The growing rift between MSIL and rival automakers has complicated the government's efforts to finalise the CAFE norms.
'Most tax notices arise not from wrongdoing, but from unintentional mismatch or ignorance.'
State Bank of India (SBI), the largest lender in the country, has launched a share sale to institutional investors to raise upto Rs 25,000 crore, the biggest qualified institutional placement (QIP) so far by an Indian firm, and has set a floor price of Rs 811.05, which is at a 2.5 per cent discount on Wednesday's closing price.
Reliance has filed patents not only in India but also in the US, Canada, Europe, Estonia, South Korea, and South America. The patents include narrowband Internet of Things, AI large language models, AI DeepLearning, Big Data, devices, and quantum AI in 6G.
More screens, more films, and longer windows will convert to more people watching, assuming they know a film is releasing, points out Vanita Kohli-Khandekar.
With stricter policies dampening the US/UK dream, Germany, Ireland and New Zealand are emerges as new study abroad destinations for Indian students.
India has always led in developer talent and now has a strong opportunity to lead in AI talent, OpenAI Global Chief Strategy Officer (CSO) Jason Kwon said on Thursday as the ChatGPT-maker launched OpenAI Academy in partnership with IndiaAI Mission.
'By extending the definition of 'personal' to include institutions and not just individuals, the State has equipped itself with a tool to block access to most kinds of information.'
AI isn't a magic wand. It works best when combined with good systems, informed investors, and skilled advisors, says Amit Suri.
'The startup ecosystem, the government, and the owners of large pools of Indian capital need to actively support the creation of these local champions, not pull down the teams that are trying hard to get there.'
Housing sales declined 19 per cent annually in January-March across eight major cities to 98,095 units on high prices and lower launches, according to PropTiger. Real estate consultant PropTiger, which is part of REA India that also owns Housing.com, on Wednesday noted that rising property prices and slowing growth forced buyers to exercise caution.
Employers in India are planning to outpace global adoption in certain future technologies as companies operating in the country are heavily investing in technologies like artificial intelligence (AI), energy technologies, robotics, and autonomous systems, said the World Economic Forum (WEF) in its latest "Future of Jobs" report released on Wednesday. The report, released days before the WEF annual meeting in Davos from January 20-25, notes that 35 per cent employers in India think that adopting semiconductors and computing technologies (compared to 20 per cent globally) will transform their operations while 21 per cent employers think that adopting quantum and encryption technologies (compared to 12 per cent globally) will also transform their operations.
The US Fed interest rate decision, trading activity of foreign investors and quarterly earnings from corporates would largely drive the momentum in the equity market this week, analysts said. Escalating tensions between India and Pakistan over the Pahalgam terror attack will also remain on investors' radar, they added.
Indian refiners are likely to import 2-2.2 million barrels per day of Russian crude oil in June - the highest in the last two years and more than the total volumes bought from Iraq, Saudi Arabia, the UAE and Kuwait, preliminary data by global trade analytics firm Kpler showed.
The company is eyeing sales of 8,000 units per month for the Kylaq, which starts at Rs 7.89 lakh (ex-showroom) and boasts 96 per cent localisation.
After the success of bringing businesses to WhatsApp, Meta - its parent - is now introducing ads and subscriptions to Status and Channels under the Updates tab of the messaging app, the company said on Monday. This move will further push its monetisation efforts on WhatsApp.
The foremost lesson for India today is to beef up its air defence to cater for multiple drone attacks. As seen in Operation Sindoor, we have come a long way, but there's room for getting better. We must develop a robust and almost impregnable air cover over ourselves, asserts IAF veteran Air Commodore Nitin Sathe (retd).
'Skirmishes with officials in the Press Information Bureau were an everyday affair as the newspapers sought clearances from the media censors for publishing the next day's editions'
Entry level engineers for these roles can be paid between Rs 4 lakh to Rs 8 lakh annually, which can go beyond Rs 30 lakhs for people with more than eight years of experience.
Will Russia's entry deter Trump on his warpath?, asks Ambassador M K Bhadrakumar.
In President Donald Trump's big priority bill, there is a proposal for a 5 percent excise tax on remittance transfers that would cover more than 40 million people, including those holding green cards and H1B visas.
'Pakistan is no longer a front-burner issue for America.'
South African President Cyril Ramaphosa, a former anti-apartheid activist and freedom fighter, responded to Trump's claims at their meeting in the Oval Office diplomatically, countering Trump's assertions.
US strikes on Iran's three main nuclear facilities have once again raised concerns that Tehran might shut down the Strait of Hormuz - one of the world's most critical chokepoints, through which a fifth of global oil and gas supply flows.
'If you look at where inflation (headline and core) is today in India and where the rates are, there's clearly room to cut rates.'
Global tech major Adobe Systems' chief executive Shantanu Narayen on Thursday said creativity, and not software code, will be the main driver of India's economy in the future.
This innovation has made mainframes the fastest-growing segment within IBM's Infrastructure business, demonstrating that even legacy technologies can continue to deliver value.
Google is likely to rejig the roles of some of the engineering talent from its Hyderabad and Bengaluru offices and move some of its employees to more revenue-generating projects instead of letting them go for now, sources told Business Standard.
Bajaj Finance, IndusInd Bank, State Bank of India, Maruti, Tata Motors, ITC, Tata Steel and Reliance Industries were also among the gainers. Nestle, NTPC, Kotak Mahindra Bank, Power Grid and Titan were among the laggards.
Some of the worst-affected areas include Manyata Tech Park, BTM Layout, Ejipura Junction, HSR Layout 5th and 6th sectors and Silk Board Junction.
Stand-up comedian Kunal Kamra has written an open letter to BookMyShow requesting the online ticketing platform to either not delist him or to hand over the contact information of audience members he has earned through his solo shows over the years. The letter comes days after Shiv Sena claimed BookMyShow had taken Kamra off the sale and artists list from its platform amid ongoing controversy around his 'traitor' jibe against Maharashtra Deputy Chief Minister Eknath Shinde.
The world of cricket is increasingly becoming data-driven but Rabada believes that numbers and analytics is for reference with a player like him intrinsically trusting his gut.
Mumbai Indians, the five-time IPL champions, have a robust scouting system that unearths hidden gems from across the country.
Costantini, whose second stint saw India win two Asian Games medals in 2018, has an excellent rapport with the Indian squad and has been closely following the development of Indian table tennis over the years.
Chief of Defence Staff Gen Anil Chauhan on Tuesday underlined the evolving nature of warfare and said a combat has always been between humans but now the world is going to enter an era in which it may be between a machine and human being and later between machines.
The country's biggest carmaker, Maruti Suzuki India, has raised concerns about the continuing slide in small car sales.
