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India beats global average in employees using AI: report - The Economic Times
Economic Times
·
1m ago
Medial
India leads in AI adoption, with 92% of employees regularly using generative AI tools, according to a Boston Consulting Group report. Despite the widespread use, nearly half of Indian employees fear job displacement over the next decade due to AI. The Global South, including India and the Middle East, shows significant AI integration. To harness AI's potential responsibly, companies must invest in workforce upskilling, process redesign, and leadership alignment around AI strategy.
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Can India build its own ChatGPT? Hanooman.ai, Microsoft & CoRoverAI take the stage at ET Soonicorns Summit 2025 - The Economic Times
Economic Times
·
1m ago
Medial
India is determined to establish itself in the global AI arena, with ambitions to create its own AI models akin to ChatGPT. The Economic Times Soonicorns Summit 2025 in Bengaluru highlights this effort, featuring industry leaders discussing India’s AI strategy. With favorable government support and a burgeoning startup ecosystem, India aims to leverage its cultural and linguistic diversity to forge unique AI solutions, creating potential domestic and international economic opportunities.
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Over 80% of Indian companies report zero layoffs in 2023
Livemint
·
1y ago
Medial
According to a report by HR consulting company Mercer | Mettl, a majority of mid-size Indian companies did not lay off any employees in 2023. In contrast to the global average of 32% layoffs, only 22% of Indian companies sacked their employees. However, IT services, computer software, and financial services sectors were still affected. The report also highlights the continued trend of hiring freelancers and the influence of AI and automation on job roles. Inclusive hiring and equal opportunities are expected to be top priorities for companies in talent acquisition.
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Kerala startup ecosystem valued at $1.7 billion: Study
Internet
·
1y ago
Medial
According to a recent study, Kerala created a startup ecosystem valued at $1.7 billion in 18 months till the end of 2023, which is five times more than the global average during the period. Ecosystem value is a measure of economic impact, calculated as the value of exits and startup valuations.
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India Fourth Among Countries With Fastest-Growing AI Talent: LinkedIn
Inc42
·
1y ago
Medial
India ranks among the world's top five fastest-growing AI talent hubs, with 14 times more individuals adding AI skills to their profiles since January 2016. LinkedIn's report reveals Singapore had the swiftest AI skills growth, increasing by 20 times from January 2016 to June 2023. AI skills adoption spanned various sectors, including technology, retail, education, and financial services, reflecting global interest in AI.
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Amazon Admits To Flouting Safety Norms At Manesar Warehouse, Claims Action
Inc42
·
1y ago
Medial
According to a report by Economic Times, Amazon India has acknowledged violating workplace safety standards at its Manesar warehouse on May 16. The company has committed to rectify the situation immediately. Amazon clarified that a small group of employees took a pledge led by one of their colleagues, which they considered to be a motivational activity. This development follows allegations of labor law violations at Amazon India's Manesar warehouse, for which a detailed report has been requested by the National Human Rights Commission.
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Only 37% of Indian organisations provide cybersecurity training to employees: Zoho survey
YourStory
·
6m ago
Medial
A Zoho survey highlights that only 37% of Indian organizations provide cybersecurity training to employees, below both APAC's 44% and the global average of 41%. While India's digital transformation maturity score (64.6%) is above average, cybersecurity remains a weakness. The report emphasizes the need for improved cybersecurity strategies, especially in government and enterprise sectors. Additionally, shadow applications pose security risks, and task delegation is largely manual, reflecting gaps in digital adoption.
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In slow December quarter, TCS beats Infosys
Livemint
·
1y ago
Medial
Tata Consultancy Services (TCS) has outperformed Infosys in the December quarter as its revenue rose by 1% sequentially, beating profit estimates. A significant portion of TCS's growth was driven by a large contract with BSNL. However, both TCS and Infosys are at risk of registering their slowest annual growth due to the global economic slowdown. Additionally, the combined workforce of both companies declined by 11,781 employees during the quarter. TCS reported a revenue of $7.28 billion and a net profit of $1.41 billion, while Infosys reported revenue of $4.66 billion and a net profit of $733 million.
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Employer Branding Trends To Watch Out For
Inc42
·
1y ago
Medial
Companies with diverse executive teams have a higher chance of achieving above-average profitability, according to McKinsey. The World Economic Forum forecasts that around 50% of employees will need reskilling by 2025. Moreover, by 2030, artificial intelligence is expected to contribute $15.7 trillion to the global economy, bringing about significant changes in the job market.
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India ranks 36 out of 170 nations on readiness for frontier technologies global index
Economic Times
·
4m ago
Medial
India ranks 36th out of 170 nations on a global readiness index for frontier technologies, according to a UN report. The country improved from 48th in 2022, showing strengths in research and development, and industrial capacity. India, alongside China and Brazil, is among developing nations excelling in AI and tech infrastructures. The report highlights AI's growing economic impact and the need for reskilling to address potential job displacement, as well as government efforts to bolster India's AI ecosystem.
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Accepting over ₹2 lakh in cash? Financial advisor warns splitting payments won’t save you from full penalty
Business Today
·
4m ago
Medial
In 2024, the average attrition rate at India Inc showed a decline despite global uncertainties. This trend indicates that employees are prioritizing stability over exploring new growth opportunities during this period.
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