Business
Genai: ‘GenAI to reshape workforce, GCCs to cushion job impact’
BENGALURU: GenAI is poised to transform India’s labour market over the next decade, redefine job roles and accelerate the shift towards higher-value work, according to a new Goldman Sachs report.The report estimates that GenAI could automate 9-17% of tasks currently performed by India’s non-agricultural workforce. However 8-12% of jobs face a meaningful risk of substitution,…
Group Cancer Care Policy: Companies boost health cover with top-ups for cancer
MUMBAI: Employers are widening employee health benefits beyond conventional group medical insurance as companies seek protection against diseases that can quickly exhaust standard health covers. Reflecting this shift, AstraZeneca Pharma India has become the first company in India to buy a group cancer care policy that sits on top of its existing group health insurance,…
Stock Market Highlights: BSE Sensex surges nearly 900 points; Nifty climbs above 24,250
Stock market today: Sensex slips 70 points, Nifty ends flat Benchmark equity indices Sensex and Nifty ended little changed on Tuesday as investors remained cautious ahead of key global central bank policy meetings this week and amid broad-based weakness across Asian markets. The 30-share BSE Sensex fell 69.86 points (0.09%) to close at 76,765.92. During…
India may soon get plastic notes: Why they are being introduced and what happens to paper money
The RBI has recently floated a tender to procure material for polymer banknotes. Soon you may be using plastic or polymer currency notes! The government has authorised the Reserve Bank of India (RBI) to print an initial batch of 2 billion polymer banknotes for field trials, the government informed Parliament on Monday.The RBI has recently…
Why did stock market rise today? BSE Sensex rallies 1,000 points; Nifty50 crosses 24,250 – top reasons for rally
India has comparatively fewer large listed companies directly exposed to the artificial intelligence infrastructure boom. Stock market today: Nifty50 and BSE Sensex rallied strongly in trade on Wednesday as IT sector stocks led the recovery. Sensex and Nifty each advanced over 1% even as crude oil prices jumped following escalating tensions between the US and…
India faces 100% Trump tariff threat as US Senate advances Russia Sanctions Bill – what it means
The Trump administration has previously imposed trade measures on India while exempting China. (AP file photo) Is India going to face 100% tariffs for its continued imports of Russian crude oil? A latest move by the US Senate has sparked buzz on countries like China and India, which import Russian crude oil in huge quantities,…
What India should do to respond to emerging global challenges, high oil prices: FinMin outlines
The report cautioned that a sustained increase in global crude oil prices could once again put pressure on both the fiscal deficit and the current account balance. Amid the ongoing US-Iran conflict, the Finance Ministry in its monthly economic review has called for reinventing approach to dealing with the evolving global challenges. India will need…
US Federal Reserve meet today: Kevin Warsh-led FOMC keeps interest rates unchanged
Inflation has remained above the US Fed’s 2% target for more than five years. (AP photo) Kevin Warsh-led Federal Open Market Committee (FOMC) decided to keep the interest rate unchanged in the 3.5-3.75% range. The US Federal Reserve announced the monetary policy review after deliberations on July 28 and July 29. “The Committee decided to…
India-US trade pact: Piyush Goyal explains the one condition to seal the deal
The long proposed India-US bilateral trade agreement will enter its first phase only after Washington restores India’s tariff competitiveness against rival exporting nations, Addressing concerns around the much awaited trade pact, commerce and industry minister Piyush Goyal on Wednesday, said that the understanding reached between the two countries was based on India receiving a comparative…
Oil prices jump over 7% as Middle East chaos flares up, brent crude back at $90 per barrel
Oil prices rallied sharply on Wednesday, with benchmark crude contracts gaining over 7%, after a fresh wave of military action in the Middle East reignited concerns over global oil supplies. The rally was also supported by industry data showing a drawdown in US crude inventories.Around 9 pm IST, Brent crude rose $6.28, or 7.47%, to…