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…
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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…
New Delhi, Jan 22 (IANS) As India’s semiconductor industry scales up, its adoption of artificial intelligence (AI) is projected to generate $1.7 trillion in economic value by 2035 and reshape industries across the economy, a new report has said.A KPMG report, launched at the World Economic Forum 2026 in Davos, said that India’s responsible AI scaling gained support from robust data governance frameworks, sectoral adoption in healthcare, agriculture, education, and defence, and the creation o…