New Delhi, May 21 (IANS) US-India trade is entering a high‑growth phase and could reach $500 billion by 2030 driven by stronger supply chains, technology collaboration and deeper integration across manufacturing and services, a report said on Thursday. The report from KPMG in India and AMCHAM said bilateral trade has expanded steadily in recent years, with India’s cumulative exports to the US reaching $87.3 billion in FY26, accounting for 20 per cent of total merchandise exports.Electronics,…
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New Delhi, May 7 (IANS) India’s real estate projects need end‑to‑end, enterprise‑led digital transformation due to increasing scale and complexity, as the market is projected to grow from $650 billion in 2025 to $5.8 trillion by 2047, a report said on Thursday.A joint report by KPMG in India and FICCI said that the sector is at an inflection point and technology must move from a peripheral enabler to a foundational driver in a project’s entire lifecycle.Technology must play a more pron…
New Delhi, April 27 (IANS) India is poised for an AI-led surge in venture capital (VC) investments, as global funding more than doubled to a record $330.9 billion in the first quarter of 2026, driven by a wave of artificial intelligence (AI)-led megadeals, according to a report released on Monday.In its latest report, KPMG said that global VC funding rose sharply from $128.6 billion in Q4 2025 to $330.9 billion in Q1 2026, even as the number of deals declined to 8,464 from 10,097, indicating a s…
New Delhi, April 24 (IANS) Tech giants Meta Platforms and Microsoft may cut thousands of jobs and offer voluntary buyouts, as the technology firms step up efforts to streamline operations amid heavy investments in artificial intelligence (AI), according to multiple reports.Meta reportedly told employees in an internal memo that it plans to cut about 10 per cent of its workforce or roughly 8,000 jobs, starting May 20.The Mark Zuckerberg-backed firm has also decided not to fill around 6,000 open p…
New Delhi, March 10 (IANS) IDFC First Bank on Tuesday said it paid Rs 645 crore in claims linked to the fraud at its Chandigarh branch, about Rs 55 crore more than its initial estimate, and confirmed no further discrepancies have been found.IDFC First Bank said in an exchange filing that “against the initial estimate of principal of Rs 590 crore, the bank has received claims and paid the net principal amount of Rs 645 crore.”The claims “pertain to the same incident and linked to the same branc…
Mumbai, Feb 26 (IANS) Multinational brokerage Bank of America Securities (BofA) downgraded the rating on IDFC First Bank Ltd. to ‘Neutral’ and cut its 12‑month target price to Rs 75 from Rs 95, citing near‑term headwinds after the bank was de‑empanelled by the Haryana government following a fraud incident.The brokerage predicted a 13 to 14 per cent cut to the bank’s EPS estimates which prompted a downgrade from its earlier ‘Buy’ rating.The bank has seen nearly Rs 200 crore of deposit outfl…
New Delhi, Feb 25 (IANS) The revision of three‑decade‑old tax treaty between India and France will lower dividend levies for large French investors including Sanofi, Renault and L’Oreal and safeguard India’s tax base, a report has said.The report from BBC said the new agreement expanded New Delhi’s right to tax certain transactions such as capital gains arising from the sale of shares, including transactions where a French entity owns less than 10 per cent of an Indian company.”The changes…
Mumbai, Feb 14 (IANS) India should focus on 10 priorities, ranging from building a future‑ready workforce to deepening manufacturing competitiveness and scaling MSMEs, to reach the goal of ‘Viksit Bharat’ by 2047, a new report has said.The report from KPMG in India said the first step of building a future ready workforce calls for operationalising education, skilling and employment continuum, expanding apprenticeships and building deep‑tech capability so talent is job ready across manufa…
Mumbai, Feb 11 (IANS) Nearly 45 per cent of core skills are projected to change by 2030 and India will need 3.2 million additional green‑skilled workers by then, a report said on Wednesday.The report from KPMG in India and the Confederation of Indian Industry (CII) said the current MSME talent landscape is characterised by fragmented skill levels, limited formal skilling exposure, and varying degrees of digital readiness.Only about 10 per cent of the MSME workforce have formal vocational train…
New Delhi, Jan 23 (IANS) Life sciences leaders in India are scaling artificial intelligence (AI) and digital transformation, said a report on Friday.The report by KPMG, which surveyed 110 global Life Sciences leaders, noted that life sciences CEOs in India are also investing in enhancing workforce skills, and the country is on track for sustainable growth in the sector.“India’s life sciences sector is moving from aspiration to execution. CEOs are scaling AI and digital transformation, pursui…