“Every AI breakthrough has a physical backbone — power grids need an upgrade, cooling systems must be built, and factories increasingly need to be automated. Behind every intelligent machine, highly specialised human expertise is required,” Viswanath P S, MD & CEO, Randstad India, said. Terming it as a pronounced “labour flip”, he said skilled, technical
“The committee shall, inter alia, examine the concepts, definitions, classifications, sampling and measurement frameworks adopted in labour statistics, particularly in the context of the Periodic Labour Force Survey (PLFS),” the terms of reference of the newly formed committee read. It will also review the classification frameworks presently adopted in labour statistics, including industry, occupation, status
According to the CEA, some companies are presenting AI as a tool that could sharply reduce labour costs and boost profits, creating anxiety among workers and new graduates. “They want to tell the capital owners, you will be rewarded in the process. They have induced a fear in the minds of labour,” he said. Nageswaran
Now Dow Jones, Nasdaq Composite and S&, all are in record territories. SpaceX is already listed with a market cap of about $2 trillion and OpenAI and Anthropic are looking for valuations in the range of $1 trillion to $2 trillion each. “My best guess is that when (all) these companies successfully complete their IPOs,
At a time when two US AI startups Anthropic and OpenAI are heading towards public listings estimated to be worth several billion dollars, India is barely scratching the surface. For the first time since at least 2000, local companies are understood to be out of the top 10 constituents of the MSCI Emerging Markets (EM)
Finance minister Nirmala Sitharaman said it’s not only the rupee that’s under pressure, as currencies such as the Japanese Yen and the Korean Won had also fallen sharply against the dollar. The minister said the more significant challenge was persistent uncertainty in West Asia, while imports of crude oil, gas, fertilisers and gold were also
Oil prices plummeted as President Trump declared the Iran deal finalised, announcing the immediate, toll-free reopening of the Strait of Hormuz. This move eases fears of energy supply disruptions, with Brent crude and WTI futures seeing significant drops. The breakthrough follows intensive diplomatic efforts, promising a return to normal oil flow through the vital shipping
Commerce and Industry Minister Piyush Goyal urged French companies to invest in India’s manufacturing sector, highlighting the nation as a reliable partner offering scale, talent, and innovation. Speaking at the ‘Bharat Innovates’ event, Goyal emphasized India’s potential as both a large domestic market and a global export hub, driven by a vibrant startup ecosystem.
Following a fatal US military strike off the Oman coast that killed three Indian seafarers, India’s Directorate General of Shipping has advised recruitment agencies to halt seafarer deployments to conflict zones. Vessels in the Gulf region are urged to maintain heightened security vigilance amid escalating risks, with crew changes permitted only in emergencies with crew
India is set to boost domestic urea production by 25.4 lakh tonnes with two new plants commencing operations soon. This move aims to reduce import reliance and shield farmers from global price volatility. The government has also absorbed rising international prices, keeping retail fertilizer costs unchanged for farmers.
