Chief Economic Adviser V Anantha Nageswaran has urged the industry to invest in skilling, capability development, and innovation to counter the challenges posed by artificial intelligence, particularly for Global Capability Centres (GCCs). He noted that while the government has supported GCCs through Budget measures like simplifying transfer pricing and promoting expansion into tier-II/III cities, industry must move beyond low-cost execution to thrive in an an AI-driven landscape. Nageswaran emphasised that AI displaces routine tasks, necessitating a focus on higher-value work and continuous skill enhancement to maintain India's competitive edge.
Chief Economic Advisor V Anantha Nageswaran stated that India's economy is projected to return to a 7 per cent-plus growth trajectory by 2027-28 (FY28), or sooner if external conditions improve, despite near-term challenges from the West Asia crisis.
India's unemployment rate reached an 11-month high of 5.5 per cent in May, up from 5.2 per cent in April, according to the National Statistics Office, indicating a softening labour market as labour-force participation also eased.
The Supreme Court overturned a Delhi High Court order that had suspended the life sentence of former BJP MLA Kuldeep Singh Sengar in the 2017 Unnao rape case, instructing the High Court to reconsider the plea.
India captain Shreyas Iyer addressed the media ahead of the T20I series opener against England, discussing team selection, particularly the potential debut of Vaibhav Sooryavanshi. Iyer emphasised the importance of backing experienced players who won the T20 World Cup and reflected on India's recent series loss to Ireland, highlighting lessons learned for the upcoming challenging series in England.
India and Australia have signed significant agreements covering civil nuclear energy, maritime security, and critical minerals, reinforcing their partnership's role in ensuring a peaceful Indo-Pacific. The pacts facilitate uranium supply from Australia to India and enhance cooperation in defence, cyber, and critical technologies.
'With this deal, we may see even 50 launches a year within the next few years.'
Meta has partnered with Reliance Industries Ltd (RIL) to construct its first AI-powered data centre in India, a 168-megawatt facility located in Jamnagar, marking a significant milestone in Meta's global infrastructure expansion and deepening its strategic partnership with Reliance.
Tax treatment depends on the activity and manner of earning income.
Smriti Mandhana and Shafali Verma sizzled with the bat as India coasted to an emphatic 95-run win over the Netherlands in their Women's T20 World Cup match.
The Indian government has allocated an additional 2 million tonnes of surplus broken rice from FCI stocks for its ethanol blending programme, while simultaneously issuing a detailed rebuttal to widespread misinformation regarding the E20 fuel, addressing concerns from water consumption to engine damage and environmental impact.
New capital exposure norms implemented by the Reserve Bank of India (RBI) from July 1 have led to a noticeable drop in trading volumes, with Multi-Commodity Exchange (MCX) options premium ADTV falling by nearly 40 per cent in early July.
At 15, a talent like Vaibhav Sooryavanshi should play right through the year without being rested as it would help him learn from mistakes while gaining invaluable experience in all conditions, former India spinner L Sivaramakrishnan said on Sunday.
Iran's Supreme Leader Mojtaba Khamenei will not attend his father, former Supreme Leader Ali Khamenei's, funeral due to security concerns stemming from Israeli threats. This decision follows a sharp warning from Iran's Foreign Minister to the United States, urging it to control Israel after its Defence Minister reportedly marked Khamenei for death. The incident highlights escalating tensions and ongoing diplomatic efforts to de-escalate hostilities in West Asia.
The National Democratic Alliance (NDA) is set to hold a crucial meeting to celebrate Prime Minister Narendra Modi becoming India's longest continuously serving elected prime minister, surpassing Jawaharlal Nehru's record of 4,399 days.
A Chinese official stated that India and China should view each other as cooperative partners and opportunities for development, not rivals or threats. This statement came in response to Russian President Vladimir Putin's comments on the independent and strong ties Russia maintains with both nations, emphasising non-interference in India-China relations.
'Investors shouldn't let fear dictate their decisions. The most important step is simply to begin investing.'
15 states have rolled out unconditional cash transfer schemes for women, with an estimated annual outlay of around Rs 1.7 trillion covering nearly 120 million beneficiaries.
Indian all-rounder Axar Patel expressed his disbelief at reaching 100 T20 Internationals for India, dedicating the significant milestone to his teammates, coaches, and family.
Dilip Buildcon Ltd, the contractor for the Anakkampoyil-Kalladi-Meppadi road tunnel project in Wayanad, attributed a recent fatal landslide to exceptionally heavy rainfall. The company stated that the project adheres to all safety and environmental protocols, despite allegations from Kerala Ministers of a "man-made disaster."
Leading Fast-Moving Consumer Goods (FMCG) companies in India are expressing strong optimism for the current fiscal year, anticipating robust consumption trends, significant growth, and improved profit margins. This positive outlook is largely driven by resilient demand and the expected easing of elevated input costs, despite ongoing inflationary pressures and potential weather volatility.
A lesson for India is to clearly define objectives beforehand, so that the adversary or other parties do not attempt to mitigate them midway.
Lending is no longer just about what you've done. It is about how you manage money over time, says Mohit Jain, Co-founder, Finfinity.
'Exploration should be made easier and companies should be given operational flexibility.'
If one has to compare the tenures of the two prime ministers one must credit Nehru with laying the foundations on which Modi is building a grand edifice, asserts Colonel Anil A Athale (retd).
Jammu and Kashmir Chief Minister Omar Abdullah shared a fabricated social media post attributed to former US President Donald Trump, captioned 'If only!', to highlight his demand for the restoration of J&K's statehood, drawing significant criticism online.
India's finance ministry anticipates inflation will remain relatively contained in the coming months, supported by a correction in crude oil prices and softening input costs following the cessation of the West Asia conflict, despite earlier spikes in wholesale and retail inflation.
England all-rounder Sam Curran found 15-year-old Vaibhav Sooryavanshi's India selection an "incredible story" but hoped to contain the explosive teen genius if his debut happens against the Three Lions in the ongoing five-match T20I series.
India's foreign exchange reserves increased by USD 938 million to USD 682.321 billion during the week ended May 28, according to the Reserve Bank of India, following a previous week's drop.
The start of the West Asia conflict has led to a sharp increase in crude-linked raw material prices, pushing up the price of helmets across the country.
Exiled Bangladeshi author Taslima Nasrin is set to return to Kolkata next month for an anti-fundamentalism literary event, nearly two decades after she was forced to leave the city amid violent protests over her writings. The BJP government in West Bengal is projecting this as a reversal of past capitulation to religious fundamentalism.
Preeti Pawar, a 22-year-old Indian bantamweight boxer, has emerged as a promising talent, securing an Olympic quota and winning multiple international medals despite facing health setbacks. She is now focused on achieving gold at the Commonwealth Games and refining her skills for the 2028 Los Angeles Olympics, balancing her aggressive boxing style with calming hobbies like quilling and Mandala art.
Union Minister of State for Minority Affairs George Kurian has resigned from the council of ministers following the conclusion of his Rajya Sabha term. President Droupadi Murmu accepted his resignation, which was effective immediately.
This was Afghanistan's 12th Test in last eight years and the defeat by an innings and 300 runs against India was a humbling experience for the team.
The demerger of Vedanta's four new entities - Vedanta Aluminium Metal, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel - has led to a 16% appreciation in aggregated market capitalisation, with Vedanta Aluminium Metal identified as a likely near-term top performer due to its scale, low production costs, and favourable commodities cycle.
ICICI Bank, India's second-largest private-sector lender, is set to raise approximately $500 million through an overseas dollar bond issuance, marking its first such move in nearly a decade. This fundraising effort will utilise the Reserve Bank of India's (RBI) concessional swap window, a facility designed to reduce hedging costs for foreign currency borrowings.
A Kerala native, Muhammed Sanoof, has been arrested and charged under the Unlawful Activities (Prevention) Act (UAPA) for allegedly posting an offensive comment under a video featuring the daughter of a victim of the Pahalgam terror attack. Sanoof was detained upon his return from Saudi Arabia, following a lookout notice. The case was registered based on a complaint by a BJYM leader, and police invoked UAPA after interrogation and mobile phone examination, citing crucial evidence.
Union Home Minister Amit Shah congratulated the Indian contingent for their performance at the Asian U20 Athletics Championships in Hong Kong, highlighting their medal haul as a sign of India's sporting strength.
In essence, Tata Sons will continue to be a CIC, whether registered or unregistered. It will have to follow the 90:60 principle.
If it qualifies as belonging to the upper layer, public listing will be one of the regulatory requirements. However, if it qualifies as 'unregistered CIC', it will escape from prudential regulation, explains Tamal Bandyopadhyay.
The RBI seems to be acknowledging that all deposits are not equal -- a deposit with a lower run-off assumption is inherently more valuable than one that could disappear overnight, points out Tamal Bandyopadhyay.
