Companies are cutting some mid-career and routine roles while continuing to hire specialist freshers. At a time when layoffs in the IT sector globally grab headlines every few weeks, what’s happening in Indian IT this year? The Indian IT jobs market is going through a shift that is increasingly more structural than cyclical – new…
The technology used to produce premium-quality Waste Plastic Modified Bitumen was developed by IIT (BHU). (Image for representative purpose only) In a first for the road sector, the Nitin Gadkari-led Road Transport Ministry has used waste plastic in a wet mix with bitumen to construct a bituminous stretch of a national highway. The initiative could…
Bloodbath at Dalal Street NEW DELHI: Dalal Street suffered its worst and longest losing streak in nearly 25 years, with investors losing over Rs 6 lakh crore. Benchmark indices came under heavy selling pressure on Thursday, with BSE Sensex and NSE Nifty50 falling more than 1% as persistent foreign investor outflows, rising US bond yields…
AnthropicAnthropic’s AI paradox: More powerful systems could mean bigger risks to humanity Anthropic’s much awaited IPO is built around a striking contradiction: the artificial intelligence company wants public investors to help finance technology it says could transform the global economy, while warning in the same prospectus that increasingly powerful AI could pose catastrophic or existential…
PIB debunks fake Saturday holiday notification (representative image) The Press Information Bureau (PIB) Fact Check unit on Thursday debunked a document circulating on social media that claimed the Central Government had declared every Saturday a public holiday for all public sector banks, including the State Bank of India (SBI).In a post on X, PIB Fact…
GST collections cross Rs 2 lakh crore India’s gross Goods and Services Tax (GST) collections once again crossed the Rs 2 lakh crore mark in September, rising 14.7% year-on-year to Rs 2.04 lakh crore, according to government data. The increase was driven by higher revenue from both domestic transactions and imports.Revenue from domestic transactions grew…
BIS hallmarking serves as a system for determining the purity of precious metal articles. (Image for representative purpose only) Gold hallmarking, a sign that allows you to verify the purity of the gold you are purchasing, has become costlier. And, the fallout of that is that there is a possible rise in fraudsters who are…
MUMBAI: Consumer demand appears to be losing momentum, with loans for consumer durables and credit card outstandings growing just 2.4% and 3.6% year on year, respectively, in Aug. At the same time, banks have seen strong demand for secured borrowing, with gold loans adding Rs 98,096 crore in the first five months of FY27, almost…
Before the lower prices could be introduced, the companies were required to submit proposals to state excise authorities. Scotch whisky prices in India have dropped by 10-15% for the first time since the India-UK free trade agreement came into force, with Diageo and Pernod Ricard passing on lower import costs to consumers in some key…
Commerce minister Piyush Goyal with US trade representative Jamieson Greer US trade representative Jamieson Greer called Union commerce and industry minister Piyush Goyal a “trade minister for life” as he opened the G20 trade ministers’ meeting in Milwaukee. The light-hearted remark came as the two ministers met on the first day of the two-day gathering.Greer…
