By 2026, around 25 per cent of the global population may spend at least an hour a day on Metaverse. This will open the doors for many businesses, the NFTs market will spread, and Web 3.0 will attract more investment.
The state is in the process of grooming a supplier ecosystem, for which India is almost entirely dependent on imports.
The challenging economic conditions are taking a toll on employees, as nearly half of the executives around the world are dissatisfied with their jobs, and do not trust their leaders, a survey says.
In a contrast to the gloomy sentiment in the US, Indian executives have higher morale and are more satisfied with their current positions, a survey has said.
Companies like Flipkart, Amazon and Meesho as well as quick commerce ones like Blinkit, Zepto and Swiggy Instamart may create hundreds of thousands of seasonal jobs for the coming festival season.
India's opposition parties have sharply criticized the Union Budget, calling it inadequate to address the country's economic woes and accusing the BJP-led government of using it to woo voters in Bihar and Delhi ahead of upcoming elections. Leaders from the Congress, TMC, DMK, SP, and CPI(M) voiced their disapproval, highlighting concerns over inflation, unemployment, and the lack of substantial measures to support the agricultural sector and the poor. They also criticized the tax cuts for the middle class as insufficient and coming too late after years of high taxes and rising prices.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
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The migration of domestically developed intellectual property to foreign corporations within India reflects an anomaly in the demand pattern of the country's job market, points out Kanika Datta.
With real employment offers hard to come by in a tough job market, fraudsters are out making bogus offers in the name of big corporate entities.
On the cusp of launching its Rs 11,327 crore initial public offering (IPO) next week, food and grocery delivery major Swiggy believes quick commerce to be its future growth engine and anticipates that it will outpace its core food delivery business over the next five years. Currently, the quick commerce business of Swiggy - backed by Prosus and SoftBank - is 40 per cent of the size of its food delivery revenues.
The fast-growing Indian online gaming sector is facing a significant threat from money laundering, necessitating urgent steps to ensure its sustained success and protect the country's robust digital economy, a report said on Thursday. The essential measures outlined in a report by the Digital India Foundation include forming a dedicated task force for illegal operators, creating a whitelist of legal operators, combating misleading advertisements, and incorporating principles of financial integrity and international cooperation.
'I believe India is very different from Bombay, Delhi and Kolkata.'
As the job markets open up, top IT services firms may look at a tiered strategy in which they hire entry-level talents at higher salaries, amid a major technological shift, say HR analysts.
'We are definitely under pressure from one of the two Diwali releases, Singham Again.'
'I tell young entrepreneurs if you don't have a great idea, if you don't have a good business model, don't think of a start-up.'
In the past 12 months, since September 2020, the net cumulative increase in employment has been just 44,483. This is negligible -- just 0.04 million on a base of over 400 million jobs, reveals Mahesh Vyas.
Facing a layoff is fast becoming more and more a real prospect for many professionals. To keep your job, you need to work smart not and do whatever it takes to make sure you are crucial to your company.
Fraudsters are on the prowl in the job market, and are using names of big companies like Maruti Suzuki, Samsung and Videocon to entice unsuspecting applicants into their trap.
The government is by far the largest employer; job security is guaranteed for government employees, and their wages are set through once-in-10-year Pay Commission.
'He needs to see results while he is in office.'
Union Minister of Commerce and Industry Piyush Goyal's recent comments on large e-commerce players have reignited the debate about their impact on smaller offline retailers. On Wednesday, Goyal said that the rapid growth of e-commerce in India is a "cause for concern" and is diminishing the market share of small, mom-and-pop stores by offering high-margin products such as consumer electronics and apparel at discounted rates.
With the financial crisis ebbing, the pace of vanishing employment has come down in recent months as against an average of a whopping 9,000 job losses daily in the beginning of this year.
rediffGURU Dr Anshuman Manaswi answers question on how to follow safety and health measures while opting for cosmetic procedures.
Stock market investors are expecting a balanced Budget with a focus on job creation, increased spending on infrastructure, reigning in the deficit, and bringing the economy back on track, experts said on Wednesday. Stock markets have been subdued in the run-up to the Union Budget with BSE's benchmark Sensex is almost flat so far this month. Even the corporate earning season failed to excite the markets, while some indices like IT and bankex have seen some positive movements.
Export-oriented sectors such as gems, jewellery, textiles and leather have seen large scale layoffs triggered by the global economic downturn. Sectors like information technology, construction, aviation, financial services and real estate that contributed to India's nine per cent GDP growth also witnessed significant retrenchment, the survey said.
Food delivery app Swiggy on Wednesday launched a Rs 11,330-crore initial share sale, asking investors to take a pie of Indian middle class' rising propensity of online ordering. The company, which is present in over 650 cities and towns of the country, is launching the initial public offering (IPO) amid heightened concerns on urban demand slump, and the management stressed that it is unaffected by the broader trends in the economy. "We are also reading about it, but we are not seeing that yet in the business... So far, we have not seen the impact of demand on our business," its chief financial officer Rahul Bothra said.
The number of monthly fresh formal hirings saw a slowdown in August, signalling a downturn in the formal labour market. In August, the number of new monthly subscribers under the Employees' Provident Fund (EPF) decreased by nearly 11 per cent to 930,000. This is a four-month low from 1.05 million in July, according to the latest monthly payroll data released by the Employees' Provident Fund Organisation (EPFO) on Sunday.
Central Bureau of Investigation has said that the Central agency is likely to question former Bihar chief minister and Union Railway minister Lalu Prasad Yadav in connection with the land-for-job case.
India's manufacturing sector growth recovered from September's eight-month low to 57.5 in October fuelled by faster increases in total new orders and international sales, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) rose from September's eight-month low of 56.5 to 57.5 in October, indicating a substantial and accelerated improvement in operating conditions.
A big slice of the employment pie in the pharma industry is for graduates, who can be easily absorbed at the entry-level.
Entrepreneur and podcaster Raj Shamani identifies four most sought after job profiles.
Indian companies also hold a considerable share of the car, bus, and three-wheeler markets in the country.
'The relationship between India and the US, when Donald Trump was president, had been so much stronger.'
Foreign investors continued their relentless selling in the Indian equity markets in August, offloading shares worth Rs 21,201 crore due to the unwinding of the yen carry trade, recession fears in the US and ongoing geopolitical conflicts. This came after an inflow of Rs 32,365 crore in July and Rs 26,565 crore in June, data with the depositories showed.
