News for 'workforce'

India slips to 131st position in Global Gender Gap Index

India slips to 131st position in Global Gender Gap Index

Rediff.com12 Jun 2025

India has ranked 131 out of 148 countries in the World Economic Forum's Global Gender Gap Report 2025, slipping two places from its position last year.

Was ready to strike during Operation Sindoor: Navy chief

Was ready to strike during Operation Sindoor: Navy chief

Rediff.com28 Jun 2025

During Operation Sindoor, Indian naval ships, submarines and aircraft were operationally ready and deployed, projecting strength and preparedness to deter any "potential actions from our western adversary" in the maritime domain, Navy chief Admiral Dinesh K Tripathi said on Friday.

Trump pulls NASA nominee Issacman days after Musk's White House exit

Trump pulls NASA nominee Issacman days after Musk's White House exit

Rediff.com1 Jun 2025

Isaacman's removal comes just days after Elon Musk's official departure from the White House, where the SpaceX CEO was serving in the role of a "special government employee" leading the Department of Government Efficiency.

Heatwave grips North India as mercury nearing 50 deg C

Heatwave grips North India as mercury nearing 50 deg C

Rediff.com14 Jun 2025

The India meteorological department said heatwave conditions will persist for at least two more days.

Microsoft flags the risk AI development faces

Microsoft flags the risk AI development faces

Rediff.com10 Mar 2025

The underrepresentation of women in the field of artificial intelligence (AI) poses a significant risk of perpetuating the prevailing societal biases into future technologies, according to a top Microsoft executive. Himani Agrawal, chief partner officer, Microsoft India and South Asia, believes that inclusion is a shared responsibility and if AI continues to be shaped without diverse perspectives, the biases of today risk becoming hardwired into the technology of tomorrow.

Telecalling Jobs Grow, Sales Jobs Decline

Telecalling Jobs Grow, Sales Jobs Decline

Rediff.com26 Mar 2025

Traditional field sales are losing ground, with job postings declining except in Tier III and IV cities.

Tiger Global-backed Koo lays off 30% of its workforce in a year

Tiger Global-backed Koo lays off 30% of its workforce in a year

Rediff.com21 Apr 2023

Tiger Global-backed Koo, an Indian alternative to Twitter, has laid off 30 per cent of its workforce of 260 employees in the last year as the budding firm, like many other start-ups in the country, battles global headwinds. "It's important for businesses of all sizes to adopt efficient and conservative approaches to see this period through. "In line with this, we have acted on some role redundancies by letting go of 30 per cent of our workforce over the course of the year," said a Koo spokesperson.

How AI Will Disrupt The Job Market: Should India Worry?

How AI Will Disrupt The Job Market: Should India Worry?

Rediff.com25 Jun 2025

Despite the alarming figures on job displacement, AI is expected to generate millions of new roles, echoing historical trends of technological transformation.

'India to have 50% of Swiss Re's global tech talent'

'India to have 50% of Swiss Re's global tech talent'

Rediff.com29 May 2025

'This means that there will be more than 1,000 tech talent in India over the next 12-18 months.'

India-Pakistan Conflict Takes Toll On Punjab Trade

India-Pakistan Conflict Takes Toll On Punjab Trade

Rediff.com3 Jun 2025

'Those who call for war from far-off places should realise the repercussions it has on the people who are actually affected.'

Court accepts ED closure in CWG 'scam' case

Court accepts ED closure in CWG 'scam' case

Rediff.com28 Apr 2025

A Delhi court has accepted the Enforcement Directorate's closure report in a money laundering case against Suresh Kalmadi, the former head of the organising committee of the 2010 Commonwealth Games, and then secretary general Lalit Bhanot, bringing an end to the money laundering angle in the alleged scam. The court noted that the ED's investigation failed to find evidence of money laundering, and the CBI had already closed the corruption case based on which the ED launched its probe.

Flipkart CEO Krishnamurthy signals strong growth amid India IPO plans

Flipkart CEO Krishnamurthy signals strong growth amid India IPO plans

Rediff.com27 May 2025

Flipkart Group Chief Executive Kalyan Krishnamurthy on Monday said the firm was advancing preparations for a potential initial public offering (IPO) in India, which included shifting its holding company to India from Singapore. Speaking at an internal town hall, Krishnamurthy said the company's leadership structure is strengthening and that the steps toward relocating Flipkart's legal base to India are progressing as planned, according to people familiar with the matter.

Unemployment rate rises to 5.6% in May

Unemployment rate rises to 5.6% in May

Rediff.com16 Jun 2025

The rate of unemployment in the country, measured in monthly term, rose to 5.6 per cent in May from 5.1 per cent in April this year mainly due to seasonal variation, showed the government data released on Monday.

Indian Youth Spend More Time on Work

Indian Youth Spend More Time on Work

Rediff.com7 Jun 2025

In 2019, out of the 1,440 minutes in a day, Indian youth spent 148 minutes on employment-related activities, which increased to 158 minutes in 2024.

Can AI Improve Customer Service At PSBs?

Can AI Improve Customer Service At PSBs?

Rediff.com20 May 2025

'AI analyses body language, etiquette, and communication skills, providing an in-depth performance matrix and a ranking system to help employees identify areas of improvement.'

MF assets surge 23% to hit record Rs 65.74 lakh cr in FY25

MF assets surge 23% to hit record Rs 65.74 lakh cr in FY25

Rediff.com19 May 2025

Mutual fund assets surged 23 per cent or over Rs 12 lakh crore year-on-year to reach a record of Rs 65.74 lakh crore in FY25, propelled by robust net inflows and mark-to-market gains amid buoyant equity and debt markets.

NDMA Plans 300 More Heat Action Plans as Mercury Rises

NDMA Plans 300 More Heat Action Plans as Mercury Rises

Rediff.com18 Mar 2025

States are mandated to develop and implement 'heat HAPs' for prevention of heat-induced diseases. But most do not go beyond standard advisory on heat prevention.

India's services sector growth improves slightly in April

India's services sector growth improves slightly in April

Rediff.com6 May 2025

India's service sector activity accelerated slightly in April largely driven by a quicker increase in new order inflows, which also underpinned a faster expansion in employment, a monthly survey said on Tuesday. The seasonally adjusted HSBC India Services PMI Business Activity Index reached 58.7 in April, up from 58.5 in March, indicating a sharp and stronger expansion in service sector output.

Working Post Maternity Like Deepika? Know Your Rights

Working Post Maternity Like Deepika? Know Your Rights

Rediff.com10 Jun 2025

Shruti Swaroop, founder of Embrace Consulting, tells you why Deepika Padukone's quiet protest should inspire you to understand your maternity benefits and plan your return to work with confidence, not compromise.

India to add 90-110 lakh gig workforce by 2025

India to add 90-110 lakh gig workforce by 2025

Rediff.com7 Dec 2022

With more and more companies preferring to hire employees on project basis, a report has revealed that there is likely to be 90-110 lakh additions to the gig workforce by 2025, a report said on Wednesday. The gig economy has been one of the most pivotal economic shifts in a long time and people are choosing gig jobs because it works with their lifestyle, they can choose when and how much they work, or it allows them to earn money between jobs, global job site Indeed said in the report. According to the report, companies have also started investing in gig work platforms and processes, which indicates how integral they are to the future of jobs growth in India.

Micro-Shifts, Unbossing... GenZ Is Changing Workplaces

Micro-Shifts, Unbossing... GenZ Is Changing Workplaces

Rediff.com27 May 2025

The 9-to-5 structure feels outdated to the Gen Z generation.

India Inc earns fat profits but wages have not kept pace

India Inc earns fat profits but wages have not kept pace

Rediff.com1 Feb 2025

Growth in corporate profits needs to be commensurate with wages to boost the economy, Economic Survey 2024-25 said, noting that sharp disparities between the two pose risk to the economy by curbing demand. The document tabled in Parliament on Friday noted that while the labour share of GVA (gross value added) shows a slight uptick, the disproportionate rise in corporate profitsredominantly among large firmsaises concerns about income inequality.

'AI is no longer a futuristic concept but an economic multiplier'

'AI is no longer a futuristic concept but an economic multiplier'

Rediff.com2 Feb 2025

Budget 2025 lays down a transformational roadmap for India's digital and economic future, focusing on AI-driven enterprise modernisation, workforce skilling, and sustainable innovation. With bold investments in AI, digital infrastructure, and ease of doing business, the government has set the stage for businesses to scale, innovate and compete on a global level.

How India can become a high-income country

How India can become a high-income country

Rediff.com20 Feb 2025

For India to transform into a high-income country with a projected gross domestic product (GDP) of $23-35 trillion, will need a sustained annual growth of 8 per cent to 10 per cent. This will be powered by India's demographic dividend, technological innovation, and sectoral transformation, according to the "India@2047: Transforming India Into A Tech-Driven Economy" report by Bain & Company and Nasscom. By 2047, the services sector is expected to contribute 60 per cent of India's GDP, while manufacturing will account for 32 per cent, both playing a pivotal role in economic expansion.

FTA deal with India: EU firms want non-tariff barriers to go

FTA deal with India: EU firms want non-tariff barriers to go

Rediff.com15 Mar 2025

European Union (EU) companies operating in India want New Delhi to streamline or remove non-tariff barriers such as Quality Control Orders (QCOs), complex Customs procedures; simplify labelling, testing, and import procedures; and facilitate cross-border digital transactions without data localisation constraints. These are results of a Business Sentiment Survey, 2025 conducted by the Federation of European Business in India (FEBI) ahead of resumption of negotiations for a free trade agreement (FTA) between both the sides scheduled to be concluded by year-end.

Tesla's EVs to start rolling out of Satara in Maharashtra?

Tesla's EVs to start rolling out of Satara in Maharashtra?

Rediff.com19 May 2025

The US carmaker's entry into India is expected by the last quarter of the current financial year.

Higher competitive pressures to cap DMart's margins in near term

Higher competitive pressures to cap DMart's margins in near term

Rediff.com13 May 2025

The stock of India's largest listed pure-play retail company, Avenue Supermarts (DMart), has slipped over 10 per cent from its monthly highs. A weak operational performance in the fourth quarter (January-March) of financial year 2024-25 (Q4FY25) and muted near-term outlook due to intense competitive pressures and higher costs could lead to downward momentum on the stock. While the stock dipped by 3.44 per cent in early trade on Monday, it recovered a bit to close 1.07 per cent lower at 4,017.

Are employees satisfied with work-life balance?

Are employees satisfied with work-life balance?

Rediff.com24 Mar 2025

A majority of employees surveyed are dissatisfied with their current work-life balance mainly due to lack of flexibility in work hours, a report said on Monday. A significant 52 per cent of respondents have expressed dissatisfaction with how they manage personal and professional responsibilities, while only 36 per cent have reported being satisfaction with their current work-life balance, said the report by staffing and HR solutions provider Genius Consultants.

Accenture plans to reduce workforce

Accenture plans to reduce workforce

Rediff.com26 Aug 2020

In India, Accenture said it continues to hire, and as part of its ongoing compensation programs, it also recently recognised a number of its people with bonuses and promotions.

India's GDP growth revised downward to 6.3% for 2025

India's GDP growth revised downward to 6.3% for 2025

Rediff.com17 May 2025

India's economic growth forecast for 2025 has been revised downward to 6.3 per cent, and despite a projected moderation, the country remains one of the fastest-growing large economies, supported by resilient consumption and government spending, the United Nations has said.

5 Key Lessons From Microsoft Layoffs

5 Key Lessons From Microsoft Layoffs

Rediff.com16 May 2025

Professionals will be required to either learn new tech skills that focus on AI, cloud computing, or risk becoming obsolete, says Arun Prakash M.

5% Reduction in Tax Can Stimulate Spending

5% Reduction in Tax Can Stimulate Spending

Rediff.com31 Jan 2025

While this will incur a revenue loss amounting to 0.2 per cent of GDP, it will provide a strong boost to consumer sentiment and spending, points out Rajani Sinha.

Dixon Tech plans Rs 1K-cr facility near Chennai; to create 5K jobs

Dixon Tech plans Rs 1K-cr facility near Chennai; to create 5K jobs

Rediff.com10 Apr 2025

Electronics manufacturing services firm Dixon Technologies is setting up a Rs 1,000-crore facility near Chennai and signed a Memorandum of Understanding with the Tamil Nadu government on Wednesday. The factory, which will come up at Oragadam in neighbouring Kancheepuram district, is expected to generate 5,000 jobs in the region, the state government said.

Microsoft to axe 10,000 jobs, nearly 5% of global workforce

Microsoft to axe 10,000 jobs, nearly 5% of global workforce

Rediff.com18 Jan 2023

Microsoft will lay off 10,000 workers, about five per cent of its total workforce, its CEO Satya Nadella announced on Wednesday, terming it a hard choice that the tech giant had to make to remain a "consequential company" amid global economic uncertainties. Microsoft is the latest company after Facebook and Amazon to cut jobs as the bloodbath continues in the technology sector in 2023. Describing the current times as "significant change", Indian-origin Nadella said customers who accelerated their digital spend during the Covid-19 pandemic, are now optimising their digital spend to do more with less.

EPFO net members addition grows to 16.05 lakh in Dec

EPFO net members addition grows to 16.05 lakh in Dec

Rediff.com25 Feb 2025

Retirement fund body EPFO added 16.05 lakh net new members in December, which is 9.69 per cent higher compared to November 2024, as per the payroll data released on Tuesday. Further, a labour ministry statement said there was a growth of 2.74 per cent in net payroll additions compared to December 2023.

Vibe Coding's Challenge For India's IT Cos

Vibe Coding's Challenge For India's IT Cos

Rediff.com14 May 2025

'Could the impending new crisis, vibe coding, similarly create not a disaster like what befell Indian handlooms during the Industrial Revolution but another opportunity like what the Y2K crisis created?' asks Ajit Balakrishnan.

Formal Hirings Drop 3% in Jan

Formal Hirings Drop 3% in Jan

Rediff.com21 Mar 2025

Of the 823,000 new subscribers in January, the share of young people (18 to 25 age group) declined to 57.07% (470,000) from 57.28% (485,066) in the preceding month.

How q-com will drive India's blue-collar job market

How q-com will drive India's blue-collar job market

Rediff.com9 Jan 2025

The rapid rise of quick commerce is anticipated to create a substantial increase in the need for blue-collar workers, with India projected to require 2.4 million jobs by 2027, according to job matching and hiring platform Indeed. Quick commerce companies hired over 40,000 employees in the last quarter to handle increased festive shopping and e-commerce demand, Indeed India Sales Head Sashi Kumar said.

'Weaponising Water Poses Serious Risks For India'

'Weaponising Water Poses Serious Risks For India'

Rediff.com5 May 2025

'Militarily, it risks escalating tensions with Pakistan, potentially triggering conflict due to Pakistan's heavy reliance on the Indus.'

TCS Q3 net profit rises 12% to Rs 12,380 cr

TCS Q3 net profit rises 12% to Rs 12,380 cr

Rediff.com9 Jan 2025

India's largest IT services company TCS on Thursday reported an 11.95 per cent jump in net profit at Rs 12,380 crore in the December quarter while the overall workforce reduced by over 5,000 employees. The Tata Group company had reported a net profit of Rs 11,058 crore in the year-ago period, and Rs 11,909 crore in the preceding September quarter. The company's revenue grew 5.6 per cent to Rs 63,973 crore as against Rs 60,583 crore a year earlier.