More hirings than firings: Nomura report tests ‘ground zero’; says AI creating more jobs in India than cuts

More hirings than firings: Nomura report tests ‘ground zero’; says AI creating more jobs in India than cuts

India added 83,100 AI-related jobs during the period, compared with 31,921 positions lost through layoffs and attrition. Is artificial intelligence taking away jobs or is it leading to hirings? A new report by Nomura suggests that in India, AI is creating more jobs than cuts. India, long regarded as the global back office for multinational…

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US stock market today: Wall Street rallies as 23,000 job cuts boost hopes of softer Fed policy

US stock market today: Wall Street rallies as 23,000 job cuts boost hopes of softer Fed policy

The weaker-than-expected employment report strengthened expectations that the Federal Reserve could have more room before increasing interest rates to curb inflation. US stock market today: Wall Street stocks traded higher on Friday morning, while Treasury yields declined after government data showed US employers unexpectedly eliminated 23,000 jobs last month.The S&P 500 advanced 0.4%, remaining close…

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‘No hire, no fire’: US employers unexpectedly cut 23,000 jobs –  sharp reversal for labour market

‘No hire, no fire’: US employers unexpectedly cut 23,000 jobs – sharp reversal for labour market

Although the unemployment rate of 4.1% marked the lowest level since June 2025, the decline was driven by a contraction in the labour force rather than stronger hiring. (Image for representative purpose only) US employers unexpectedly shed 23,000 jobs last month, while downward revisions by the Labor Department erased a further 103,000 positions from payroll…

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Gold price prediction: Buy on dips the right strategy for gold right now? Check August 7, 2026 outlook

Gold price prediction: Buy on dips the right strategy for gold right now? Check August 7, 2026 outlook

For gold, from a technical standpoint, the 8-period EMA continues to trade above the 21-period EMA, Gold price prediction today: The technical structure for gold is bullish and prices are expected to go up, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.MCX Gold October futures continue to trade with a positive…

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RBI: Defaulters’ devices can be locked gradually

RBI: Defaulters’ devices can be locked gradually

RBI retained safeguards to protect borrowers even as it allowed operational flexibility MUMBAI: RBI has eased its proposed norms on device disablement for EMI-financed gadgets and relaxed disclosure requirements for recovery agents after industry feedback, while retaining safeguards for borrowers.In its revised directions on conduct of regulated entities and engagement of recovery agents, RBI has…

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Tata Sons stays, 4 more PSUs enter NBFC upper layer

Tata Sons stays, 4 more PSUs enter NBFC upper layer

Four public sector infrastructure and development finance institutions have been added to the primary list MUMBAI: Reserve Bank of India on Thursday released the revised list of upper layer NBFCs for FY27 under the scale-based regulation framework, expanding the pool with the addition of public sector infrastructure financiers while retaining Tata Sons on the list…

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India may see productivity gains from AI, says Nilekani

India may see productivity gains from AI, says Nilekani

पीएम मोदी ने टेक्नोलॉजी विशेषज्ञ नंदन नीलेकणी की अध्यक्षता में एक टास्क फोर्स का गठन करने का फैसला लिया गया है। NEW DELHI: Infosys co-founder and chairman Nandan Nilekani on Thursday said that India may emerge as a principal beneficiary of productivity gains and inclusion from AI in the next decade, despite low visibility in…

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Stock Market Today Live Updates: Where are BSE Sensex and NSE Nifty50 headed today? Oil prices, global cues and more in focus

Stock Market Today Live Updates: Where are BSE Sensex and NSE Nifty50 headed today? Oil prices, global cues and more in focus

Benchmark equity indices ended on a mixed note in the previous trading session, with BSE Sensex outperforming NSE Nifty as buying in heavyweight stocks offset broader caution. The 30-share Sensex climbed 373.76 points, or 0.48%, to settle at 78,954.76 after remaining in positive territory throughout the day. Meanwhile, Nifty 50 traded in a narrow range…

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ENIL EBITDA rises 42% in Q1, digital business grows

ENIL EBITDA rises 42% in Q1, digital business grows

The company’s non-digital business reported a 7.4% increase in EBITDA and an 85% rise in profit after tax during the quarter NEW DELHI: Entertainment Network (India) (ENIL), which operates Radio Mirchi and audio streaming platform Gaana, reported consolidated revenue of Rs 113 crore during June quarter. Domestic revenue was estimated at Rs 111 crore, while…

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Merchant charges for UPI soon? LS passes bill authorising govt to allow banks to levy fees – top facts

Merchant charges for UPI soon? LS passes bill authorising govt to allow banks to levy fees – top facts

Government is likely to permit banks and payment service providers to levy a merchant discount rate of between 0.25% and 0.4% on UPI transactions exceeding Rs 2,000. In a step closer to possibly introducing Merchant Discount Rate (MDR) on UPI transactions, the Lok Sabha on Thursday approved a Bill amending the Payment and Settlement Systems…

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Crèche benefits under India’s Labour Codes: What employers and working parents need to know

Crèche benefits under India’s Labour Codes: What employers and working parents need to know

The crèche allowance is generally admissible for up to two children. For many working parents, one of the biggest challenges after the birth of a child is balancing childcare responsibilities with professional commitments. While employer-provided childcare facilities have existed under labour laws for many years, the newly notified Labour Codes have brought renewed focus to…

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