India will see a promising 7.1 per cent net employment growth rate in the second half of FY25, according to a report on Monday. The report by TeamLease Services, a people supply chain company, showed that the job growth rate in the country has surged from 6.33 per cent in the previous half-year, and reflects … Read more
India's economy was projected to grow at a faster pace in the third quarter of the current financial year (October-December 2024) compared to the first half (April-September 2024) as positive indicators are emerging of economic activity picking up pace, according to a report by ICRA. The report states that the preliminary data for November indicates … Read more
The Indian benchmark indices surged on Monday in the early trade, with Sensex crossing 80,000-mark after the landslide victory by the BJP-led MahaYuti alliance in Maharashtra. The Sensex was up 1,173.91 points or 1.48 per cent at 80,291.02, and the Nifty was up 367.00 points or 1.54 per cent at 24,274.30. About 2,371 shares advanced, … Read more
The Adani Portfolio of companies on Monday reported record results for the first half of this fiscal (H1 FY25) as well as the trailing-twelve-month (TTM) period. In H1 FY25, the portfolio companies invested Rs 75,277 crore, increasing the total gross assets to a record Rs 5.53 lakh crore. Consistently advancing EBITDA reached its highest ever, … Read more
Progress in generative AI (GenAI) is poised to impact the procurement function globally through advancements in three areas, according to a new report. Agentic reasoning, multimodality, and AI agents are the advancements that will redefine how procurement operates and significantly impact the agendas of chief procurement officers (CPOs), said the Gartner report. According to Ryan … Read more
India’s image as the 'IT Outsourcing Centre' has now transformed into a new identity as a 'Deep Tech Hub' due to the reforms undertaken by the government to promote innovation, Petroleum Minister Hardeep Singh Puri said on Sunday. "As a result of the dedicated focus of PM Modi making India a hub for innovation, … Read more
Union Commerce and Industry Minister Piyush Goyal has said that India is the best place in the world to provide sustainable infrastructure to the digital world. Minister pointed out that it will be important to understand how in the future the digital world and sustainability issues will intersect. He said that major portion of energy … Read more
The latest HSBC ‘flash’ PMI survey compiled by S&P Global has showed that surging new business and export sales boosted output growth across India's private sector economy in the month of November. Rising capacity pressures, evidenced by increasing backlogs, prompted companies to ramp up hiring efforts, which was supported by an overall improvement in business … Read more
The Indian agritech landscape has significant growth potential to emerge as an institutional innovation for bridging the technological gap and the country currently has 19 agritech soonicorns and 40 minicorns, that are embracing emerging technologies like AI and developing innovative business models, according to a new RBI paper. Although only a single unicorn is identified … Read more
Escalating tensions between Russia and Ukraine, rising crude oil prices, foreign institutional investors (FIIs) and Q2 GDP will be the major factors for the stock market next week, according to experts. In the last week, the Indian equity markets ended their two-week losing streak on a high note, navigating a volatile week marked by … Read more