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.
Mumbai Captain Ajinkya Rahane was unexpectedly recalled from the dressing room by the on-field umpires after being given out caught down the leg side on Day 2 of the Ranji Trophy match against Jammu and Kashmir.
Here's what you must know about the new rule, its implications, and whether it affects taxpayers' rights and privacy.
India's e-commerce market alone is projected to reach $200 billion by 2026, making it a prime industry for ambitious entrepreneurs, explains rediffGURU Harsh Bharwani.
Within days of announcing mega investments for building in Hyderabad its second data centre cluster in India, Amazon Web Services (AWS) on Monday said it is excited about the India market, where cloud adoption offers massive headroom for growth. Pledging its long-term commitment to the India market, AWS, Amazon's cloud computing unit, said it expects global uncertainties to accelerate the decisions by companies to opt for flexible, on-demand cloud infrastructure to pare costs, gain efficiencies and drive business innovation. "Cloud reacts well to uncertainty," Puneet Chandok, president - commercial business, AWS India and South Asia, Amazon Internet Services Pvt Ltd (AISPL) told PTI.
German technology major SAP views India as the fastest growing market, where it plans to embark on an aggressive hiring spree, a top company executive said on Wednesday. "India is among the top 10 markets for SAP and growing fastest. We will continue to invest in India. "We are expanding our campus to accommodate 15,000 more people.
As Day 4 unfolds in the closely contested match, all eyes are on KL Rahul, whose performance could be pivotal in shaping the outcome.
Fresher hiring, which has been subdued as Indian information technology (IT) services firms scaled back their recruitment, is set for a turnaround. The IT sector's fresher hiring is expected to rise by 20-25 per cent for 2024-25 (FY25). Additionally, the global capability centres are projected to boost their fresher hiring by 40 per cent compared to last year, according to a TeamLease Digital analysis.
The Hunter's Moon, a supermoon occurring in October, is one of several supermoons that will take place in 2024 and 2025.
A federal judge in Seattle has temporarily blocked former President Donald Trump's executive order seeking to terminate birthright citizenship in the United States, calling the policy 'blatantly unconstitutional', CNN reported.
'We had been deceived by the clouds, taken to the brink of death, but saved by the Almighty.'
The IT sector's fresher hiring is expected to rise by 20% to 25% for 2024-2025. The increase in hiring is driven by a focus on specialised skills catering to segments like AI, machine learning and data analytics.
In previews of Q2FY25 and beyond, industry analysts are expecting a turnaround for IT services. High teens earnings per share or EPS growth is expected for the next two-three financial years. The hopes are backed by deal wins of above $100 billion as at Q1FY25, up 16.6 per cent year-on-year ( Y-o-Y).
'The scrapping of import duty would help Indian companies compete in international markets, thus paving the way for India becoming a space manufacturing hub for the world.'
Jobs requiring AI skills carry a significant wage premium, with some roles offering up to a 25 per cent increase in wages, notes Manoj Nagpal, vice president, professional services, OpenText, an information management company.
TikTok's app effectively shut down in the US, just hours before a law banning the popular video-sharing platform was set to go into effect. The app was shut down on Saturday, displaying a message that the app "isn't available right now," but expects resolution under President-elect Trump. The Supreme Court on Friday unanimously upheld the divest-or-ban law, which gave TikTok's China-based parent company ByteDance until Sunday to divest from the app. President Trump said Saturday that he would most likely give TikTok a 90-day extension. Following Friday's Supreme Court decision, TikTok CEO Shou Zi Chew thanked the president-elect for his commitment to finding a solution to keep the app accessible in the US.
Defiant Djokovic still targeting Grand Slam wins after Australia setback
India is preoccupied with analysing the US sanctions, which may cut off India's access to discounted Russian crude and force it to buy at market prices.
Aseem Chhabra picks his top 10 Indian films of 2024, which includes films that have had theatrical releases or are streaming on OTT.
A fire broke out at the Maha Kumbh Mela in Prayagraj, Uttar Pradesh, India, on Sunday, engulfing 18 tents in Sector 19. The blaze, which started around 4 pm, was caused by an LPG cylinder explosion. No casualties were reported, and the fire was brought under control within an hour. Uttar Pradesh Chief Minister Yogi Adityanath, who was in Prayagraj to review preparations ahead of Mauni Amawasya, visited the site and instructed authorities to take measures to prevent similar incidents in the future.
A building under construction at the Kannauj railway station in Uttar Pradesh collapsed on Saturday, trapping around two dozen workers under the rubble. Six workers have been rescued and rushed to hospital. Rescue efforts are ongoing with teams from the National Disaster Response Force (NDRF) and State Disaster Response Force (SDRF) deployed at the site. Uttar Pradesh Chief Minister Yogi Adityanath has directed officials to ensure the safe recovery of those trapped and their proper medical treatment.
Under the India AI mission, supercomputing, comprising over 10,000 GPUs, will be made available to various stakeholders for creating an AI ecosystem.
Rain is expected to influence the first morning of play on Friday, with a 25% chance of showers forecast.
US short-seller Hindenburg Research has said it is not under investigation by the US SEC as it rubbished alleged links of its founder to a hedge fund for preparing reports targeting companies.
Sinner gives the impression of a player with all the answers against whoever he comes up against, but the off-court questions he is likely to face about the doping case that surfaced in August might be harder to shrug off.
'The choice is clear: We either embrace this transformation and cement our global leadership, or hesitate, lose ground, and fade into irrelevance.'
rediffGURU Chocko Valliappa offers advice on how you can pick the right course and career.
Sinner remains the man to beat at Melbourne Park even as doping officials seek a two-year ban for the world number one for failing two drugs tests last March.
Shami has been steadily rebuilding his form through domestic cricket. Making his Ranji Trophy return last November, he guided Bengal to a season-opening victory with a match haul of seven wickets.
Bollywood celebs ace the style game in show-stopping dresses with slits.
Residents of North India battle freezing conditions.
Vikramaditya Motwane and Satyanshu Singh have created an excellent but grim series, applauds Deepa Gahlot.
'India has the maths talent, academic institutions, and research institutions to do the next big thing.'
He said scientists have noticed a trend of very deep cloud systems developing over the southeast Arabian Sea, and added that sometimes, these systems intrude into the land, like in 2019.
With a heavy downpour preventing the resumption of play after the break, the match was abandoned and the series remains locked at 1-1.
The race to acquire diversified fintech firm Religare Enterprise Limited (REL) intensified as Dabur group promoters, the Burman family, said it was going ahead with the open offer on Monday and claimed that the counter offer made by US-based businessman Digvijay Gaekwad wasn't valid and will not stand scrutiny of market regulator Sebi. The Burman family claimed that the competing offer falls outside the 15-day window stipulated by the Sebi takeover code, following their initial offer on October 4th, 2023.
'We all knew he was dangerous, but that first shot he played off Jasprit Bumrah, that cover drive, off the front foot.' 'It told me that this is a player in prime, prime form.'
The performance of banking and information technology (IT) stocks has had a significant impact on the composition of diversified mutual fund (MF) portfolios. Over the past two months, these sectors have become increasingly dominant, now constituting nearly 30 per cent of the total allocation in many diversified MF portfolios.
'Did anyone else get the feeling that AWIAL -- despite being ostensibly based in the Mumbai of today -- is actually set in a Neverland of Solemnity?' asks Sreehari Nair.
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