New Delhi, March 25 (IANS) India’s e-commerce and healthcare sectors lead hiring activity in the first half of FY 2026–27, even as digital skills continue to see strong demand across industries, according to a report released on Wednesday.The report by TeamLease Services highlighted that sector-wise, hiring demand is led by e-commerce and tech startups with a net employment change (NEC) of 8.9 per cent, followed by healthcare and pharmaceuticals at seven per cent, and manufacturing, engineerin…
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New Delhi, March 4 (IANS) India’s services sector continued to expand at a healthy pace in February, even as growth in new orders slowed amid rising competition, according to the latest data from the HSBC India Services PMI Business Activity Index.The Services Purchasing Managers’ Index (PMI) stood at 58.1 in February, slightly lower than the 58.5 recorded in January.A reading above 50 indicates expansion, which means the sector remained firmly in growth territory as the current financial ye…
Itanagar, March 2 (IANS) Arunachal Pradesh Deputy Chief Minister Chowna Mein, on Monday, highlighted that youth empowerment and preparing the next generation for emerging opportunities remain central to the government’s vision. Chairing a pre-budget consultative meeting with Community-Based Organisations (CBOs), the Deputy Chief Minister emphasised that the exercise was not a routine formality but a sincere effort to listen to people’s voices before finalising the annual state budget. He said…
New Delhi, Feb 28 (IANS) Fears that artificial intelligence could lead to massive job losses may be exaggerated, according to Amazon CEO Andy Jassy.Speaking in a media interview, Jassy said AI is more likely to reshape the nature of work rather than completely eliminate employment opportunities.Jassy acknowledged that many roles which have relied heavily on human labour for the past two to three decades may require fewer people in the future. However, he stressed that this does not mean jobs wil…
New Delhi, Feb 28 (IANS) Fears that artificial intelligence will wipe out millions of jobs have unsettled workers and investors alike, but a new research note from Morgan Stanley suggests the long-term impact may be less severe than many expect.According to the report, while some roles will be automated, most workers are unlikely to be permanently left behind. Instead, many are expected to shift into new types of jobs, including roles that do not yet exist. The bank said artificial intelligence …
New Delhi, Feb 23 (IANS) Finance Minister Nirmala Sitharaman on Monday launched the second phase of the asset monetisation pipeline of Central ministries and public sector entities – the ‘National Monetisation Pipeline 2.0 (NMP 2.0)’ with an estimated monetisation potential of Rs 16.72 lakh crore in the next five financial years.The second phase of the pipeline has been developed by NITI Aayog, in consultation with infrastructure line ministries, based on the mandate for ‘Asset Monetisation Pl…
New Delhi, Feb 17 (IANS) Artificial intelligence is set to redefine what work means across almost every role, especially for knowledge workers, and the shift is happening much faster than the industrial age, Mihir Shukla, Co-Founder, CEO and Chairman of US-based Automation Anywhere said on Tuesday.In an interview with IANS, Shukla said AI will reshape what work means across nearly every function, particularly for knowledge workers.“Unlike the industrial age that evolved over decades, the AI tr…
Suva, Feb 13 (IANS) India’s High Commissioner to Fiji Suneet Mehta held a meeting with Fiji’s Ministry of Foreign Affairs and External Trade Sakiasi Ditoka, discussing new avenues to further strengthen bilateral cooperation across priority sectors of mutual interest. “High Commissioner Suneet Mehta was honoured to call on the Minister for Fiji’s Ministry of Foreign Affairs and External Trade Honourable Sakiasi Ditoka. The meeting featured warm and constructive discussions reaffirming the endurin…
Washington, Feb 10 (IANS) A Republican lawmaker introduced legislation to end the H-1B visa program, arguing that it disadvantages American workers and prioritizes foreign labor over US citizens.US Representative Greg Steube announced the introduction of the Ending Exploitative Imported Labor Exemptions Act, known as the EXILE Act.The bill would amend the Immigration and Nationality Act by discontinuing the H-1B visa program, which allows US companies to hire foreign workers in specialty occupat…
New Delhi, Feb 4 (IANS) The seasonally adjusted HSBC India Services PMI touched a two-month high of 58.5 in the month of January, from December’s 58.0, noting quicker expansions in new business intakes and output, the S&P Global data showed on Wednesday.Service providers in India welcomed a recovery in growth during January. They were also more upbeat towards the outlook and hired additional staff. On the price front, there were quicker albeit still moderate increases in input costs and sell…