India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
New Delhi, April 7 (SocialNews.XYZ) Indian companies are far ahead of global peers on organisational agility, restructuring plans and AI adoption, but leaders must also focus on fair pay to retain talent, a report said on Tuesday. The report from Mercer said 54 per cent of C-suite leaders in India expect AI's primary role to be transforming the business and driving innovation in the next two years compared to 42 per cent globally. Further, 66 per cent of HR leaders planned work redesign to achieve optimal human-machine capability. The report, based on nearly 12,000 global respondents including 650 from India, revealed that 80 per cent of India's C-suite plan to simplify reporting lines, significantly ahead of the global average of 59 per cent, while 76 per cent intend to flatten hierarchies, compared to 44 per cent globally. Around 64 per cent Indian respondents expect to create self-organising teams, versus 49 per cent globally. Overall agility scores in India are also marked higher, with 48 per cent rating their agility as high compared to just 29 per cent worldwide, particularly in business agility at 52 per cent and product agility at 42 per cent. Gen Z accounted for 43 per cent of India's workforce compared to 33 per cent globally. Meanwhile, 54 per cent employees cited pay as the top reason for plans to leave the organisation, even while Indian employees place exceptional value on purpose. Around 74 per cent respondents said working for an organisation with a purpose they are proud of helps them thrive, compared to 42 per cent globally. Around 44 per cent of employees felt their pay to be unfair. "The drive for fair and competitive compensation is also evident in employees' desire for internal equity, with 37 per cent wanting assurance that they are paid the same as peers for similar work," the report said. To address this challenge, HR leaders in India are significantly more likely than their global peers to plan to address pay equity gaps between recent hires and longer-tenured employees in 2026, the report noted.
Software-as-a-Service (SaaS) major Zoho Corporation has launched Zia LLM, its proprietary large language model (LLM) tailored for enterprise use. Zia LLM comes in three model sizes, 1.3 billion, 2.6 billion, and 7 billion parameters, designed to deliver contextual, domain-specific intelligence while ensuring data privacy. The model is built using Nvidia's H100s. "We have been investing on contextual AI model for the past 12 years. We are announcing our model as we are working on full AI stack a ...Read More >
Mumbai: In a global survey on artificial intelligence (AI), 85 per cent of respondents said their AI investments are meeting or exceeding expectations, with nearly one in four companies reporting significantly better-than-expected returns. However, only eight per cent of organizations have reached the "Transformation" stage of AI adoption, where AI drives innovation, competitive advantage, and industry disruption, said a survey by Protiviti, a global consulting firm. The survey included 1,000 executives worldwide, including 176 C-suite leaders in IT, operations, finance, and compliance. The f ...Read More >
The demand for engineering, technical and AI profiles has risen by 27 per cent, with compensation levels improving by 5 per cent compared to H1 FY25, according to Adecco India. After several muted quarters, India's IT sector hiring stabilised in the first half of FY 2025-26 as hiring patterns improved, following a reasonable rise in the recruitment of freshers and mid-senior level professionals, HR solutions provider Adecco India said on Tuesday. Campus intake has improved by 25 per cent compar ...Read More >
CHENNAI: In a move to sharpen India's digital talent edge, Nasscom on Tuesday announced the establishment of a new Talent Council to drive workforce transformation across emerging technologies. The council will guide national skilling priorities in DeepTech, AI, semiconductors, and cybersecurity, besides diving industry-academia collaborations. "This is a critical step in reimagining our talent strategy. India must evolve from being talent-rich to building expert talent that applies technology to innovate enterprise and society," said Sathish HC, chief delivery officer at Infosys, who will c ...Read More >
Mumbai (Maharashtra) [India], August 13 (ANI): Maharashtra Chief Minister Devendra Fadnavis inaugurated on Wednesday IBM's new office in Mumbai. Far more than just a corporate milestone, the CM declared the opening as a pivotal step toward shaping the future of both Maharashtra and India. 'This is not a mere experience centre of IBM,' Fadnavis said in his address. 'But this is a place where the future of India and the future of Maharashtra will be shaped.' Highlighting the transformative potential of emerging technologies, he emphasised that Maharashtra is embracing the vision of Viksit Bhar ...Read More >
New Delhi, August 14: Cognizant, an IT services company, is reportedly preparing to implement salary hikes for a large portion of its workforce later this year. The development is said to target eligible employees and also aims to reward top performers in India. As per reports, the company is planning merit-based adjustments that could impact many employees across different roles in India. Cognizant is reportedly aligning this adjustment with its earlier statements during the second-quarter earnings, hinting at a structured plan to reward talent and boost employee motivation across the organi ...Read More >
INDIA: A 6 a.m. email erased 20 years of service for some workers in India following the Oracle layoff of 12,000 in the country, which is part of a larger global reduction impacting approximately 30,000 workers or roughly 18% of its workforce. A post on Instagram says: "No warning. No HR call. No manager meeting. Oracle employees across India woke up to a termination email at 5 or 6 AM with immediate effect." It also laments that the cut involves 12,000 jobs in India alone. "Just got an email at 5 a.m. Over 20 years of service. Nice," wrote an employee online, as reported by software_muchat ...Read More >
New Delhi: Protest at the Aligarh Muslim University (AMU) against a recently announced fee hike, the long-standing suspension of students' union elections and calls for administrative accountability have entered their sixth day, with students boycotting classes and staging sit-ins at the Bab-e-Syed gate (the iconic entrance of the varsity). The fee structure for different courses has witnessed a sharp revision. Students say the hike ranges from 25% to over 60% across various programmes. Many claim they first learned of the revised fees only while trying to pay through the university's online ...Read More >
Bengaluru (Karnataka) [India], October 16: Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $5,076 million in Q2 revenues, year on year growth of 2.9 and sequential growth of 2.2 in constant currency. Operating margin was at 21.0. Free cash flow generation was strong at $1.1 billion, 131.1 of net profit. TCV of large deal wins was $3.1 billion, with net new of 67. Employee headcount increased by 8,203. Second consecutive quarter of strong performance. Revenue growth of 2.2 sequentially in Q2 and 3.3 in H1 in CC; Large d ...Read More >
India's second largest software exporter also narrowed its revenue estimates for the fiscal year by lifting the lower end of the growth guidance, to 2-3% from 1-3% in constant currency, which excludes the impact of currency movements. This is a further improvement from the previous quarter, when it tweaked the outlook from the earlier 0-3% growth. It retained the operating margin guidance of 20-22%. Infosys on Thursday beat analyst estimates with a 13.2% year-on-year and 6.4% sequential increase ...Read More >
Pointing to Google's decision to set up a major AI data centre, Naidu said Vizag is emerging as a 'preferred city' for several tech companies and stressed prioritising skill development and human resources. The CM further said that universities and educational institutions should also be represented at the summit. Andhra Pradesh chief minister N Chandrababu Naidu on Sunday said the state should be developed as a destination for Artificial Intelligence, ahead of the proposed CII partnership summi ...Read More >
Srinagar, Jul 4: Lieutenant Governor (LG) Manoj Sinha Friday said that he was proud to see women breaking barriers in agricultural sciences and technology. In his address at the 6th convocation ceremony of Sher-e-Kashmir University of Agricultural Sciences and Technology, Kashmir (SKUAST-K), the LG said, "Proud to see our daughters breaking barriers and achieving success in Agricultural Science and Technology. It reflects a bright future for J&K and the nation." During the convocation, of the 5250 degrees of undergraduate, master's, and PhD, 2661 degrees were awarded to women, of the 150 stu ...Read More >
India's Global Capability Centers (GCCs) are evolving from cost-saving back offices to innovation hubs, driving global product development and digital solutions. With over 1,600 GCCs currently, projected to generate $121 billion in revenue by 2030, India is becoming a strategic innovation powerhouse. For decades, India has been perceived globally as the world's back office, a reliable destination for IT services, business process outsourcing, and support functions. But in recent years, this narrative has undergone a dramatic transformation. At the heart of this shift is the rise of Global Cap ...Read More >
New Delhi, Dec 16 (PTI) The government is inclined to avoid introducing new laws or regulations for Artificial Intelligence (AI) unless "absolutely necessary," preferring instead to utilise existing legal frameworks like the Digital Personal Data Protection (DPDP) Act to address emerging issues, Electronics and IT Secretary S Krishnan said on Tuesday. Speaking at Assocham's AI Leadership Meet, Krishnan said the government's regulatory approach is thoughtful and careful to ensure it does not hinder innovation in the burgeoning technology sector. "As it is, we are a country with many laws... S ...Read More >
Bengaluru, March 31: Fresh concerns over potential layoffs at Oracle Corporation in India have triggered anxiety across the tech sector, after multiple employees claimed they were abruptly terminated early Tuesday morning through emails sent around 6 AM IST. According to posts circulating on platforms like Reddit and other online forums, several employees reported being locked out of their work systems almost immediately after receiving termination emails. The sudden and impersonal nature of the process has drawn widespread criticism, with many alleging there was no prior communication from m ...Read More >
Bengaluru, March 31: After weeks of speculation, fresh reports indicate that Oracle Corporation has initiated a new round of layoffs, impacting multiple teams across regions, including India. Employees claim the layoffs were abrupt and communicated through early morning emails, some arriving as early as 5 AM to 6 AM, leaving little room for preparation or response. Several employees shared their experiences on platforms like Blind and Reddit, describing a sudden and impersonal process. According to these accounts, emails from "Oracle Leadership" informed them that their roles had been elimina ...Read More >
New Delhi [India], September 13 (ANI): The Department of Financial Services (DFS), Ministry of Finance, organised PSB Manthan 2025, a two-day programme that concluded on Saturday in Gurugram. The event, chaired by the Secretary of DFS, brought together the senior leadership of Public Sector Banks, along with regulators, industry experts, academicians, technologists, and banking practitioners. Eminent speakers included, Swaminathan J, Deputy Governor, Reserve Bank of India; V Anantha Nageswaran, Chief Economic Adviser to the Government of India; M Damodaran, Former Chairman, SEBI; Debasish Pa ...Read More >
AI Conference India - The 'Making AI Work' event, hosted by ET Enterprise AI, is set to be a crucial gathering for technology decision-makers in India. As a high-impact AI Conference India that promises to cut through the hype and focus on measurable outcomes, it's where Chief Information Officers (CIOs) must arrive prepared. The 'Making AI Work' event, hosted by ET Enterprise AI, is set to be a crucial gathering for technology decision-makers in India. As a high-impact AI Conference India that promises to cut through the hype and focus on measurable outcomes, it's where Chief Information Off ...Read More >
Mumbai (Maharashtra) [India], April 3: Over 200+ HR professionals, CXOs, and business leaders gathered on March 28 for the SRIF HR Summit 2026 at Vijay Patil School of Management, Nerul, Navi Mumbai -- a full-day forum on the future of hiring, workforce strategy, and the governance of artificial intelligence in HR. Also Read | Kerala Lottery Result Today 3 PM Live: Suvarna Keralam SK-47 Lottery Result of April 3, 2026, Watch Lucky Draw Winner List. The SRIF-HR-SUMMIT-2026 was organised by the SRF Staffing and Recruitment Industry Federation (SRIF), the summit was powered by Vijay Patil Schoo ...Read More >
Umwelt.Ai has partnered with PeopleStrong to enhance employee experiences and streamline HR processes through advanced AI-driven engagement solutions. This collaboration combines Umwelt.Ai’s cutting-edge analytics and sentiment analysis with PeopleStrong’s expertise in Human Capital Management (HCM), delivering real-time insights to tackle workforce challenges. The partnership aims to boost employee satisfaction, retention, and productivity, aligning with the rapid growth of India’s employee engagement market. Umwelt.Ai’s CEO Vishal Chopra emphasized its role in fostering dynamic workplaces, w ...Read More >
NEW DELHI: Coursera, Inc., one of the world's largest online learning platforms, unveiled its annual learner trends for India, based on insights from over 27 million registered learners. This year, India surpassed Europe in the total number of learners on Coursera, highlighting the ambition and commitment of Indian learners to upskill and stay competitive in a rapidly evolving global workforce. Two key trends emerged in 2024: an unprecedented demand for GenAI learning and a growing preference for role-specific content to prepare for specific jobs. According to Microsoft's Work Trend Index 202 ...Read More >
New Delhi: Nearly 88% of global enterprises now have dedicated budgets for Artificial Intelligence (AI), with nearly two-thirds of them spending over 15% of their overall tech budgets on AI projects, a new report said on Monday. This major investment push marks a clear shift from early experimentation with Generative AI to building intelligent, goal-oriented systems known as AI agents, according to data compiled by Nasscom. Titled 'Enterprise Experiments with AI Agents - 2025 Global Trends,' the report provides a comprehensive look at how companies across the globe are preparing for the next ...Read More >
New Delhi: India's Global Capability Centres (GCCs) have flourished on the back of robust infrastructure, business-friendly reforms and a deep talent pool but sustaining this momentum will require more work, Department of Economic Affairs (DEA) secretary Anuradha Thakur said on Monday. A targeted policy push, deeper Centre-state coordination and curriculum upgrades were among tasks lying ahead. Speaking at the CII (Confederation of Indian Industry) GCC's Business Summit, Thakur said the core drivers of India's rise as a global hub for GCCs included strong physical and digital infrastructure, ...Read More >
Finance Minister Nirmala Sitharaman stressed the need for regulations that promote responsible AI innovation without stifling technology. Releasing NITI Aayog's report 'AI for Viksit Bharat', she highlighted challenges like job displacement in routine roles and the importance of reskilling. India must align industrial and trade policies to boost productivity, foster innovation, deepen domestic demand, and strengthen participation in global value chains. Finance Minister Nirmala Sitharaman on Mon ...Read More >
CHENNAI: In a bid to strengthen East Africa's energy ecosystem, the Indian Institute of Technology Madras (IIT Madras) has joined hands with GRID-INDIA, a Miniratna enterprise under the Union Ministry of Power, to enhance energy infrastructure and technical capacity in Tanzania. "This strategic partnership, formalised through a Memorandum of Understanding (MoU) on May 22, 2025, at IIT Madras, brings together India's premier academic institution and the national power system operator to offer certification programs, conduct joint research, and deliver technical consultancy to Tanzanian power s ...Read More >
Gurgaon, 2nd July 2025 - Capterra India announced its 2025 HR Software Trends Survey, shedding light on the transformative shifts within India's human resources landscape. The comprehensive survey, which includes insights from 294 Indian HR professionals, highlights how organisations are leveraging technology to navigate rising costs, widening skills gaps, and the pervasive influence of Artificial Intelligence (AI). The survey identifies four critical trends shaping HR in India: The urgent need for training and upskilling current employees stands out as a top operational challenge, cited by ...Read More >
Mumbai, March 31: Meta has reportedly commenced testing a new premium subscription tier called Instagram Plus, aimed at providing everyday users with enhanced control over their social media experience. According to a report by TechCrunch, the service is currently being piloted in select regions including Mexico, Japan, and the Philippines. Unlike the existing Meta Verified programme, which focuses on security and authenticity for creators, Instagram Plus is designed to offer a suite of functional tools specifically for Story engagement and privacy. The move marks a significant shift in Meta' ...Read More >
New Delhi, July 12: Tech giant Google has roped in Indian-origin Varun Mohan, co-founder and CEO of coding AI startup Windsurf, in a major move in the ongoing AI talent race. In a post on social media platform X, Demis Hassabis, Co-Founder and CEO at Google DeepMind, informed hiring several senior Research and Development team members, along with Mohan. "Thrilled to welcome @windsurf_ai founders Varun Mohan and Douglas Chen and some of the brilliant Windsurf eng team to @GoogleDeepMind," Hassabis said on Saturday. "Excited to be working with them to turbocharge our Gemini efforts on coding ag ...Read More >
Mumbai: OutSystems, a leading AI-powered low-code development platform, today announced the Early Access Program for OutSystems Agent Workbench. Agent Workbench enables enterprises to create and orchestrate intelligent agents for any use case -- and across any department, workflow, or data -- with enterprise-grade security and control. Delivered on OutSystems trusted platform, Agent Workbench makes it easier than ever for pragmatic leaders to innovate at speed and orchestrate human-AI collaboration. "Organizations are excited by the promise of AI and agentic systems, but are struggling with e ...Read More >
Mumbai, September 29: TCS layoffs have become a major talking point in the tech community since CEO K Krithivasan announced cutting 2% of the company's workforce. Previously, it was reported that around 12,000 employees had been laid off by the IT major in India; however, according to new reports, the tech sector has been facing several other issues globally, such as the H-1B visa fee hike by US President Donald Trump and the rise of artificial intelligence. Meanwhile, IT unions and other parties have claimed that the TCS layoffs could affect more employees than the initially reported 12,000. ...Read More >