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.
'Given the way in which the PLA operates today, I don't believe local commanders were necessarily acting without approval of higher levels.' 'They were acting in a way which they believed they were carrying out the intent of the higher levels.'
'Defence funding is channelled to State-owned research organisations where scientists are merely bureaucrats holding meetings and sending out minutes of meetings and press releases, but have long ago stopped any innovative work.' 'Unless this tragedy is fixed, India's chances to create world-conquering and job-creating new industries are slim,' says Ajit Balakrishnan.
India has the fourth highest number of malaria cases in the world.
'Misplaced national priorities have brought the economy to a cul-de-sac,' says Ambassador M K Bhadrakumar.
The study, which was conducted on more than 100 healthcare workers at three centres in India including Sir Ganga Ram Hospital, found that the B.1.617.2 Delta variant not only dominates vaccine-breakthrough infections with higher respiratory viral loads compared to non-Delta infections (Ct value of 16.5 versus 19) but also generates greater transmission among the fully vaccinated HCWs.
Billionaire Mukesh Ambani's Reliance Industries is reported to have held talks with Saudi Aramco on a cash and share deal for sale of a 20 per cent stake in its oil refining and petrochemical arm. Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the oil-to-chemicals (O2C) business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to the world's largest oil exporter. The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company.
'Hindus bathe with lakhs of people, but these Hindutvawadis were standing alone in the Ganges. Even Rajnath Singh and Yogi Adityanath did not find a place'
Compared to a 64 per cent penetration in Brazil (130 million users total) and 53 per cent in China (total 733 million users), India has barely 28 per cent penetration. Of the digital reach, almost 80 per cent are from affluent segments in urban areas. How can this change?
Replaces China as imports more than double to 204 tonnes in September quarter, with demand up 39%.
'There is no holistic picture of our own goals and objectives.' 'For some inexplicable reason, the decision makers find it best to listen to their inner souls in dealing with these issues rather devising a carefully thought-out, structured plan,' says Vice Admiral Premvir Das (retd).
In a veiled attack on India, Pakistan army chief General Raheel Sharif on Saturday accused it of "creating instability" through ceasefire violations and supporting militancy in different areas of the country.
With one win and a draw, India are currently placed on top of Pool C ahead of Belgium
'At this point, neither the army or the IAF has that immediate, punitive deterrent power against Pakistan.' 'Forget a three-week war; on the LoC, where the action is, Pakistan has until now fielded better infantry weapons, body armour, sniper rifles, and matching artillery' points out Shekhar Gupta.
IMD expects day temperatures to remain above-normal in select regions across the country between March and May 2021.
Top companies in China are valued at 7.7 times the trailing 12-month earnings against a P/E ratio of 18.6 times for Nifty 50 companies.
All Pakistani moves towards peace will be seen as tactical compromises, to be abandoned when the situation changes, observes Colonel Anil A Athale (retd).
As the world grapples with extreme weather events and climate change becomes the buzzword of contemporary times, author Amitav Ghosh says the crisis has been in the making since the 17th century and it is imperative to take into account history before beginning to tackle the issue.
Investors, including large corporations, view them as a potential hedge against uncertainty, and mainstream investment banks too are jumping into the game.
The Chinese billionaire and founder of Alibaba is said to be planning a significant investment in business to business e-tailing as well as payment services and logistics companies.
Nivedita Mookerji finds out how Paytm CEO Vijay Shekhar Sharma is handling his soaring popularity after the note ban as well as the criticism that comes as a package deal.
'They could have handled this in a better way. I've observed that when Paes gets selected, Bhupathi is left out and vice versa. This has been happening for last 10-15 years. This is not good for Indian tennis'
Consumers are set to gain from discounts.
'We need to be in a perpetual state of aggression, and able to swiftly change the goal posts to keep Pakistan in a state of imbalance,' argues Sanjeev Nayyar.
'There is no such thing as ultimate survivability.'
'It's all comparative -- who outperforms, who uses tactics, who optimises technology to the best is what makes the difference.'
"I was the Governor of South Carolina, the best job serving the state that raised me. And then I got a phone call (after the 2016 elections," Haley, 48, said during a fireside chat organised by Indian Voices for Trump in Norristown in the battleground state of Pennsylvania on Saturday.
'Indian markets may initially react and follow the pattern of US and other global markets post US elections.'
Slowdown persists in China. India's GDP estimates for 2015-16 are liable to be pared; projections for 2016-17 are lacklustre.
Such businesses outperform non-family firms by 3% in first six months of CY20, says Credit Suisse report.
"We are the people, especially in the Kashmir Valley, who upheld the tricolour high over the years at the cost of thousands of our workers who were martyred," Mufti told reporters in Jammu at the end of her five-day visit to Jammu -- her first after release from over one-year-long detention under the Pubic Safety Act (PSA).
Listening -- really listening -- to advisers in the government and outside would help. India has plenty of wise economists who have worked within the bureaucracy during previous crises, points out Rahul Jacob.
Economic recovery is well under way in some advanced economies.
'When people feel they are trusted, they invariably do their best, both as individuals and as a collective team.'
Encouragingly, the recovery also appears to be becoming broad-based
'There is no need to do anything, let your SIPs get deducted every month, and stick to your allocation between equity, fixed income and emergency funds and your risk covers.'
Policy constraints may prevent many of the global retail giants from reaching their full potential.There are too many restrictions right now in the sector and policy makers lack clarity.
Assume that the rupee will trend lower over the next 10 years as India increases overseas sovereign exposures, and your long-term asset allocation should be geared to deal with this trend, suggests Devangshu Datta
The 17th edition of the FIFA U-17 World Cup in India today turned out to be a milestone event as it became the most attended in the history of the tournament.
The Duke University in North Carolina has carried out a study that counters conventional wisdom with regard to the reported decline in America's competitiveness vis-à-vis India and China.
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