The government is aiming for an 8-10 per cent annual economic growth.
As a tech services company, Ola has never been in hardcore manufacturing. And unlike in ride hailing, which is a two-player market (Uber is the only other competitor), in two-wheelers it faces many entrenched players. But most of all, rivals say Ola's targets are out of sync with most, even ambitious, projections.
Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations.
India has emerged as one of largest destinations in the world for investors keen to put their money into firms doing good. Nita Bhalla reports.
Unlike many other B-schools, IIM Ahmedabad follows a cluster system of final placements process where sectors are invited in cohorts at regular intervals.
A shortage of skilled workers will be staring the Indian industry, particularly the BPO sector, in the face in the next decade or so, a Nasscom-McKinsey report has cautioned.
Sixty-three-year-old Gupta's trial, which began in Manhattan federal court on May 21, will resume today after a weekend break with his protege and former McKinsey executive Anil Kumar returning to the witness stand to testify against him.
IT industry body Nasscom on Thursday said the sector continues to be a net hirer of skilled talent, and that the top 5 Indian IT companies are planning to add over 96,000 employees in 2021-22. The statement comes in the backdrop of a report by Bank of America that said domestic software firms are set to slash 3 million jobs by 2022 as automation gains pace across industries, especially in the tech space. "With the evolution of technology and increasing automation, the nature of traditional IT jobs and roles will evolve overall leading to creation of newer jobs. "The industry continues to be a net hirer of skilled talent, adding 1,38,000 people in FY2021," Nasscom said in a statement.
At a time when the Indian information technology services industry is the focus of anti-outsourcing rhetoric, the global in-house centres (GICs) or captive units of multinational companies are increasing their offshore penetration.
New age technology will reshape India's future.
'As long as people are eating we will be there,' Rebel Foods CEO Jaydeep Barman tells Viveat Susan Pinto and Niraj Bhatt.
India has a huge infrastructure problem and the solution so far appears to be to throw more money at the problem, without much effort to fix the core issues, says Sunil Jain.
While the former managing director of McKinsey & Co, Rajat Gupta, has every right to claim that he is innocent until otherwise established in a court of law, he must adopt the same standards of good conduct in India as he has been required to in the US.
Branch usage has dropped by 27 per cent on an average across Asia between 2007 and 2011.
Nine years ago McKinsey, on behalf of Nasscom, projected that India's software and services exports would touch $50 billion by 2008
An additional 68 million women could potentially enter the labour force over the coming decade.
Undaunted by US President Barack Obama's Bangalore-Buffalo remark, the domestic IT industry said the comments had nothing to do with outsourcing or with India.
McKinsey Global says these cities would generate about 47 per cent of expected global GDP by 2025.
Even as retail consultants continue to roll out the slide about the bright prospects for modern trade, on the ground, sales are sliding
'The reality is no one, including some of the names that have shown up in the last few weeks, have any unilateral decision-making power in this,' Facebook India MD Ajit Mohan tells Peerzada Abrar.
The issue of urbanization, if not addressed immediately, might lead to serious repercussions for major Indian cities and potential deterioration in quality of life, strain on resources and reduced investments in India's urban centres, according to a 21-month-long study conducted by the McKinsey Global Institute.
According to McKinsey & Company's June Economic Conditions Snapshot, executives' expectations for their national economies have declined since March and some respondents expect worsening conditions over the rest of 2011.
It has been clear for a while that India needs manufacturing - and it may be true that global manufacturing needs India as well. Time to strike while the iron is hot, say Rajat Dhawan, Anu Madgavkar and Sree Ramaswamy.
India has the world's largest treasure-trove of skilled manpower and is on the way to become a global IT powerhouse.
Interestingly, communications, which accounts for only 2 per cent of spending today, will be one of the fastest expanding categories with growth of over 13 per cent a year.
Chef Aditi Handa, who is deeply invested in baking, makes the most delicious sourdough.
Manu Kumar Jain, India head, Xiaomi, tells Sangeeta Tanwar how the Chinese smartphone maker won over the Indian market.
India urgently faces a shortage of around 200,000 IT and ITeS professionals. The shortage is bound to grow to 3.6 million in the next eight years.
'Initially, Gift City was just another real estate project, but all that changed with Modi moving to New Delhi,' notes Tamal Bandyopadhyay.
Niti Aayog's plan to create a 'New India' in less than four years should invite scepticism, argues T N Ninan.
When the Delhi police served him a notice in May for a case involving tagging some political leaders' tweets as carrying manipulated media, a spirited Maheshwari said he was employed by Twitter Communications Private Limited, and not Twitter Inc, and, therefore, could not help them. The authorities were understandably not pleased.
Of the 1,145 offers made this year, consulting firms made up 34 per cent, followed by banking, financial services and insurance, pharma/healthcare, IT/ITeS and FMCG/retail.
Job cuts in Indian IT companies will be 1.75 -2 lakh per year in next 3 years, due to under- preparedness in adapting newer technologies, says Head Hunters MD
In a clear sign of how global recession has affected placements, Day 2 of the Slot Zero at the Indian Institute of Management-Ahmedabad saw consulting firms emerge as the clear favourite over the traditionally-preferred investment banks.
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'Mining jobs get created in the most backward districts of India's poorest states,' says Anil Agarwal.
With India's gross domestic product growing at about seven per cent yearly in the past 10 years, its per capita income has grown by 9.11 per cent annually from $439 per person in 1999 to $1,050 per person in 2009.
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