Indian IT hiring landscape is at a pivotal juncture as it transitions from a year of decline towards a more hopeful future. The focus on specialised skills, particularly in AI and data science, combined with geographical shifts towards Tier 2 cities, indicates a transformation within the sector.
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday said the central bank has developed an innovative artificial intelligence and machine learning (AI/ML) based model MuleHunter.ai to address the growing issue of mule bank accounts that are often used for committing financial fraud. Developed by the Reserve Bank Innovation Hub, the new initiative is piloted with two public sector banks.
Social media or mass media have become weapons of mass distraction, but there are no concerted efforts yet to tackle them, Justice Mahesh Sonak of the Goa bench of the Bombay high court said on Saturday.
The IT sector's fresher hiring is expected to rise by 20% to 25% for 2024-2025. The increase in hiring is driven by a focus on specialised skills catering to segments like AI, machine learning and data analytics.
Company identifies areas like cognitive technologies, artificial intelligence, man-machine interface, robotics
State-owned Life Insurance Corporation (LIC) is not keen on a composite license but it is looking to buy less than 50 per cent stake in a standalone health insurance company to enter the health insurance segment such that they have a say in the management of the company, without having to run the company, sources in the know said. "LIC doesn't need a composite licence. "Even if it is introduced, they will not opt for it.
The National Informatics Centre uses AI to automate document analysis and detect fraud in government departments.
India believes that Canada doesn't take seriously violence or terrorism or incitement to hatred seriously, Canadian Prime Minister Justin Trudeau said on Wednesday as he cited foundational responsibility for the Canadian government for not taking actions against those espousing violence and terrorism against a third country.
Home Minister Amit Shah accused the Congress of twisting facts and distorting his comments on B.R. Ambedkar in the Rajya Sabha, saying the opposition party launched a malicious campaign after a parliamentary discussion "established" the Congress as being "anti-Ambedkar and anti-reservation." Shah defended his remarks, stating his address was clear and without confusion, and that his party would explore all legal options against the Congress for misrepresenting his comments. He also accused the Congress of insulting V.D. Savarkar, crushing constitutional values by imposing Emergency, and humiliating soldiers who laid down their lives.
The overall average package offered during IIT Bombay placements 2023-2024 stood at Rs 23.5 LPA. 22 students accepted offers with annual packages exceeding Rs 1 crore.
Telecom operator Bharti Airtel and IT major Tata Consultancy Services (TCS) have joined hands to build a 5G-based remote working technology using robotics, according to a joint statement. TCS during the trials has successfully tested two use cases of its Neural Manufacturing solutions on Airtel's 5G testbed in Manesar - remote robotics operations, and vision-based quality inspection, the statement claimed. "The 5G ecosystem will open limitless possibilities for enterprises to enhance productivity and serve their customers even better with digitally enabled applications.
When AI is used to enhance operational efficiency, businesses can deliver the same product or service but with improved quality, faster, or even at a reduced cost
President Droupadi Murmu on Tuesday said cyberattacks have emerged as a major threat to national security and the civil services and armed forces must join hands to create a secure nationwide system capable of thwarting them.
Fugitive United States intelligence leaker Edward Snowden has said he would like to leak more secrets after disseminating documents on a complex network of snooping on phone and internet communications across the globe.
The customs officials, based on an intelligence input, halted a Malta-flagged merchant ship -- CMA CGM Attila -- at the port en route to Karachi on January 23 and inspected the consignment, which included a Computer Numerical Control (CNC) machine, originally manufactured by an Italian company.
'Our business continues to roll out its strategy, the role of this GDTC continues to grow.'
Fresher hiring, which has been subdued as Indian information technology (IT) services firms scaled back their recruitment, is set for a turnaround. The IT sector's fresher hiring is expected to rise by 20-25 per cent for 2024-25 (FY25). Additionally, the global capability centres are projected to boost their fresher hiring by 40 per cent compared to last year, according to a TeamLease Digital analysis.
The setting up of STEAG is part of the Army's efforts to develop technologies considering the future battlefield, they said.
Employees in India were found to be more eager than employees across the region to adopt new workplace technologies
The terms of the acquisition were not made public.
'One problem with machine learning is that extensive human inputs are required.' 'This is both an expense and time consuming.' 'If AIs can do this on their own, the process may become more efficient,' says Devangshu Datta.
The sources said Gandhi wants India to lead in the niche area which comes after software development.
As we brace for unprecedented rates of urbanisation, it is crucial to ensure that illegal constructions and unauthorised land use are curbed, asserts Amit Kapoor.
Nearly 40 per cent of IITians sitting for placements in 2024 are yet to receive job offers, showing a doubling of the 'unplaced' in the last three years from 19 per cent in 2021-2022 to 38 per cent in 2023-2024.
De-centralised execution should drive the operational concept and support military strategy, under a unified command architecture. Enablers and technology need to be positioned first for such an activity to be undertaken, recommends Lieutenant General Anil Chait (retd).
'Today, let us reaffirm our commitment to strive to realise Gandhiji's dreams. His watchwords, truth and nonviolence, will continue to remain relevant for the whole world. He also taught us that rights and duties are but the two sides of the coin - indeed, the true source of rights is duty. Today we recall his lessons in compassion too - compassion not only for our human neighbours but also for our other neighbours, namely, flora and fauna, rivers and mountains.'
A computer with NPU can handle a wide range of tasks directly on personal devices without relying on a Cloud service.
Researchers at the Michigan State University in the US said once in use, the implications of their programme would be huge.
'When I started to step into the West in 2006, I believed India was not going to be the back end.' 'I understood that no film-maker wants to believe that they are outsourcing their creativity to a low-end place.' 'The application of technology in the hands of our Indian artistes is identical to any of our artists in the West.' 'Nobody in the world can say this shot was done in India and that in London.'
'Everything about farming is enjoyable and relaxing.'
Edward Hess, Professor of Business Administration and Batten Executive-in-Residence, Darden School of Business, discusses the growth of technology and the challenges it creates for organizations with Sangeeta Tanwar.
Flipkart's hyper-value e-commerce platform Shopsy is intensifying efforts to tap over half of the 821 million internet users (about 442 million) in rural India. These efforts are being led by Prathyusha Agarwal, who recently joined as business head at Shopsy. The aim is to become the go-to destination for consumers seeking entry-level products across various categories.
'India has a skill shortage of 56%.' 'This is a very interesting paradox -- the unemployment rate is 6% to 7%, and at the same time 20% of those qualified are unemployed.'
Considering factors like job prospects, growth potential and industry trends can provide valuable insights into selecting a suitable career path, suggests rediffGURU Rohit Gupta.
'While investors need to be prepared for making some losses, they should not lose big money chasing euphoria amid fear of missing out.'
Tata Sons chairman N Chandrasekaran on Thursday said the best of artificial intelligence and machine learning will be deployed at Air India and emphasised that the airline is not just another business for the group but a passion and a national mission. As Tata Group steers the transformation of loss-making Air India since taking control in January last year, Chandrasekaran said that he most of the time receives "caring criticism" about the airline that also further strengthens the commitment. Speaking at an event in the national capital where Air India's new brand identity and aircraft livery were unveiled, he said the focus is on upgrading all human resources aspects in the airline.
... while learning from past tech revolutions, suggests Ajit Balakrishnan.
The home minister will also review the preparation for the annual Amarnath pilgrimage set to start on June 29.
While war rooms are set up closer to the sales, warlike preparations go into it almost 12 months in advance to ensure that on D-day the firm gives its best to its customers.
The Reserve Bank of India (RBI) has identified "climate shocks" as a risk to food inflation rates and overall price rise while stating that the outlook for the country's economic growth remains bright. In its Annual Report for 2023-24, released on Thursday, the central bank said easing supply-chain pressures, broad-based softening in core inflation, and early indications of an above-normal southwest monsoon meant well for the inflation outlook in 2024-25. "The increasing incidence of climate shocks, however, imparts considerable uncertainty to the food inflation and overall inflation outlook," said the RBI while noting headline inflation moderated by 1.3 percentage points on an annual average basis to 5.4 per cent in 2023-24.
