New Delhi, July 7 (IANS) Around 25 per cent of Indian companies said their workforce is adequately prepared to leverage artificial intelligence — a 12‑point decline from 2025 — even as AI deployment accelerates across businesses, a report said on Tuesday.Nearly 56 per cent of Indian organisations reported AI is deployed broadly or embedded in core business processes, compared to 36 per cent respondents saying AI was fully integrated across their organisations in 2025, the report from Kyndryl…
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Jakarta, July 7 (IANS) Prime Minister Narendra Modi announced on Tuesday that the Coast Guard of India and Indonesia will work together to ensure maritime safety and security in the Indian Ocean. While addressing a joint press meet with Indonesian President Prabowo Subianto following their talks in Jakarta on Tuesday, PM Modi said that India and Indonesia agreed to enhance defence exchange, disaster management and industrial cooperation.Hailing ties between India and Indonesia, PM Modi said, “I …
Seoul, July 7 (IANS) South Korea-based Samsung Electronics Co. on Tuesday estimated its second-quarter operating profit at nearly 90 trillion won (US$58.8 billion), marking another quarterly record as strong demand for artificial intelligence (AI)-related semiconductors boosted earnings.The South Korean technology giant said operating profit for the April-June period is expected to total 89.4 trillion won, up 1,181 percent from a year earlier, according to its earnings guidance, reports Yonhap N…
New Delhi, July 6 (IANS) Microsoft has announced another round of job cuts, eliminating around 4,800 positions, or approximately 2.1 per cent of its global workforce, as the technology giant continues to invest heavily in artificial intelligence (AI) while seeking to improve operational efficiency.The latest layoffs come amid a broader trend across the technology industry, where companies are balancing massive AI investments with efforts to control costs.Industry leaders such as Amazon and Meta …
New Delhi, July 6 (IANS) Union Commerce and Industry Minister Piyush Goyal on Monday said that artificial intelligence (AI) and digital technologies can play a transformative role in empowering MSMEs, startups, exporters and local businesses, while highlighting the need for stronger collaboration to drive innovation-led and technology-driven growth.The minister shared that he met a delegation from Google led by Vidhya Srinivasan, Vice President, Ads & Commerce, and Preeti Lobana, Vice Presid…
New Delhi, July 6 (IANS) India is uniquely positioned to emerge as a trusted connector economy that links global markets, supply chains and geopolitical blocs in an increasingly fragmented world, Mahindra Group Chairman Anand Mahindra said in his letter to shareholders on Monday. He said the country’s strengths place it at the centre of the evolving global economic order, while outlining the Group’s vision for long-term growth amid rising global uncertainty.”India’s economic strengths, strategic…
Mumbai, July 6 (IANS) The Nationalist Congress Party (NCP) will observe a statewide ‘Jan Seva Saptah’ (Public Service Week) from July 22 to July 26 to celebrate the birth anniversary of the former national president and ex-Deputy Chief Minister late Ajit Pawar. The announcement was made by NCP State President and MP Sunil Tatkare on Monday.Paying tribute to the late leader, Tatkare described Ajit Pawar as a symbol of relentless hard work, decisive leadership and an unwavering commitment to the p…
New Delhi, July 6 (IANS) India Inc’s corporate earnings are pegged at a compound annual growth rate (CAGR) of around 15 per cent during FY26-FY28, supported by improving macroeconomic conditions, easing geopolitical concerns and stronger earnings visibility, a report showed on Monday.The report by Motilal Oswal Financial Services Ltd. (MOFSL) said India is entering a more favourable phase after nearly two years of market consolidation, with attractive valuations positioning domestic equities to …
Washington, July 6 (IANS) Artificial intelligence’s biggest obstacle is no longer advanced computer chips but access to electricity, BlackRock Chairman and Chief Executive Larry Fink has said, warning that the United States must modernise its ageing power grid or risk slowing the next wave of technological innovation.Speaking in an interview with CNN’s Fareed Zakaria GPS, Fink said the rapid expansion of AI is creating unprecedented demand for computing power, exposing weaknesses in America’s el…
New Delhi, July 6 (IANS) White‑collar hiring in India grew over 6 per cent in June, with AI and machine‑learning roles continuing to outperform, posting 25 per cent year‑on‑year growth in June, a report said on Monday.The report from jobs site Naukri said insurance continued its strong run with 16 per cent growth, FMCG at 7 per cent, telecom at 6 per cent, real estate at 5 per cent and BPO/ITES and pharma or biotech at 4 per cent each.The report said that the Naukri JobSpeak Index reache…