With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping $100 billion mostly in salaries annually, says a report. The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA. Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, while it the RPA will have the worst impact in the US with a loss of almost 1 million jobs, according to a Bank of America report on Wednesday.
Neither India nor China will be badly affected by Grexit.
IMAGES from Day 4 of the Wimbledon Champions at the All England Lawn Tennis and Croquet Club, London, on Thursday
Australian top seed Alex de Minaur moved into his second consecutive final at the Next Gen ATP Finals with a 4-2, 4-1, 0-4, 4-2 victory over Frances Tiafoe in Milan on Friday.
'The Olympic Spirit has been thrown to the wind in Xi Jinping's China.' 'The International Olympic Committee is ready to kowtow to totalitarian China,' notes Claude Arpi.
Perhaps it says something more deep and profound about the time we live in and how it has shaped us, observes Aakar Patel.
The 30-share Sensex ended lower by 75 points at 27,729.
Australian Nick Kyrgios blasted 15 aces to blow past Japan's Yoshihito Nishioka 6-2, 7-5 on Thursday and reach the quarter-finals at the Citi Open in Washington.
Nimrat Kaur in the 'abode of the clouds' -- as Meghalaya is known in Sanskrit -- makes for beautiful viewing.
The 76-year-old, who recently returned from Saudi Arabia, had died on Tuesday night.
Stock markets crashed over 1,000 points or nearly 4 per cent on Monday, making it the biggest fall since 2008.
The 30-share Sensex ended up 300 points at 27,961.
Puerto Rico's Jasmine Camacho-Quinn capped a dazzling performance in the 100 metres hurdles at the Tokyo Olympics with a gold medal while Miltiadis Tentoglou of Greece won the men's long jump title in an action packed Monday morning at the Olympic Stadium
Radhika Apte's espionage skills, a quartet of romances in Visakhapatnam and a whole lot of other adventures and thrills, there's tons of action to catch on OTT this week.
Images from the Euro 2020 qualifying matches played on Tuesday night.
Here's a glimpse of all that happened around the world last week, in 14 images.
AEK Athens midfielder Giorgos Katidis was handed a life ban from all national teams by Greece's soccer federation EPO on Sunday after he appeared to give a Nazi salute to supporters during a match.
Japan is preparing to host the Tokyo Summer Olympics as planned, the government's top spokesman said on Wednesday, amid speculation the Games could be postponed because of the coronavirus threat.
Germany's Thomas Mueller struck twice as the nervy world champions kicked off their Euro 2016 qualifying campaign with a 2-1 victory over Scotland on Sunday.
Aerial photography has an uncanny ability to literally offer a fresh perspective on subjects that have been photographed to death, and this ability is on full display in the winners gallery of the first annual Aerial Photography Awards. The grand prize winner was Belgium's Sebastien Nagy, who was declared Aerial Photographer of the Year 2020. Scroll down to view some of the best images from the contest.
Italy sealed a place in the semi-finals of the ATP Cup by winning both singles matches against France
The rupee has lost 32 paise, or 0.50 per cent, in five trading days
'I've achieved some things that a lot of people thought it would be not possible for me to achieve. Everything is possible, and I did put myself in a good position to go for the Golden Slam. But, you know, I was in this position in 2016 as well. It ended up in a third-round loss in Wimbledon.'
The Legend of Hercules is merely a mash up of 300, Gladiator, Troy and pretty much every other film made about ancient Greece.
Consequences of China's efforts to stabilise its equity markets after three weeks of declines, which wiped out some 30 per cent of the value is far more importance to the world, says Clyde Russell.
Mommy turns style icon for mommy-to-be Esha!
At a virtual press conference to launch the report, Inger Anderson, Executive Director, United Nations Environment Programme, said, "Climate change is here and now. No one is safe. Despite warnings from so many years, the world did not listen. We need to act now. Reducing greenhouse gas emissions will not only limit climate change but also reduce air pollution."
The 30-share Sensex surged 414 points to end at 27,730.
Germany scored five times in 27 minutes in the first half to crush Estonia 8-0 and make it three wins in three Euro 2020 Group C qualifiers.
The rupee depreciated 20 paise to close at 63.84 in Monday's trade.
Naomi Osaka pulled out of the semi-finals of the Western & Southern Open tennis tournament on Wednesday in New York City, in protest at racial injustice. Her decision follows protests over the police shooting of Jacob Blake, a Black man, in the city of Kenosha, Wisconsin, on Sunday.
World leaders from across the political spectrum congratulated Joe Biden who became the president-elect of the United States, and Kamala Harris who made history as the first female to serve as the vice president.
Roger Federer found that out this week when he was blocked access to a locker room at the Australian Open by a security guard who took his job very seriously.
Here are the top 10 images from the big news that shook the world in the previous week.
Arundhuti Dasgupta finds herself surrounded by Greek legends and fables in the mythical centre of the world.
"We are ready to evaluate purchase for any additional shares including from the IndusInd Bank. But, our headroom is about four per cent. We will keep our holding below 25 per cent," Dabur India Vice Chairman Mohit Burman told PTI from Greece on Sunday.
