India Financial News

NTT DATA on Thursday announced a Generative AI (GenAI) Talent Development Framework to impart training to all its employees worldwide. India houses more than 40,000 of NTT DATA’s employees, the most outside the home base for the Japanese company with a headcount of about 200,000. “With the rapid advancement of generative AI, talent development has become a social imperative. By utilising the framework we have established, we can effectively cultivate highly skilled professionals,” chief executive Yutaka Sasaki said.

Simbhaoli Sugars Ltd.(up 4.99%), Ponni Sugars(Erode)Ltd.(up 1.06%), Kothari Sugars & Chemicals Ltd.(up 1.00%), DCM Shriram Industries Ltd.(up 0.33%), EID Parry(India)Ltd.(up 0.32%), KCP Sugar & Industries Corporation Ltd.(up 0.32%) and Dhampur Sugar Mills Ltd.(up 0.20%) stood among the top gainers.

Subscribe to enjoy similar stories. In India, we are taught to be busy, or at least convincingly play the part of looking busy. The art of being occupied round the clock starts right in childhood and is worn as a badge of honour throughout higher education and then one’s cut-throat work life.

Subscribe to enjoy similar stories. Mumbai: The Reserve Bank of India (RBI) has been using public speeches by its top brass to hint at upcoming regulatory action against specific institutions or even some lending practices, showed a Mint analysis. This was evident when the regulator barred four non-bank financiers, including two microfinance institutions, from fresh lending.

telecom industry has demanded that the license fee paid by them to the government should be reduced to 0.5% to 1% of the gross revenues, from the current 8%, as the circumstances and regime have changed for the industry. The industry said a reduction in fees would facilitate telcos to plough the revenues back to the network for upgradation and expansion, which will enable digital inclusion. The Cellular Operators Association of India (COAI), which counts all the three private telecom operators –Reliance Jio, Bharti Airtel and Vodafone Idea –as its members, said, payments made basis the AGR (adjusted gross revenue) need to be reconsidered under the changed regime and circumstances. Telcos pay an 8% license fee to the government, which includes a 5% universal service obligation (USO) levy.

Global Capability Centers (GCCs) continue to expand in India, companies are learning that cultural alignment can significantly influence their success or failure. With over 1,800 GCCs in the country, contributing more than $65 billion annually, understanding local culture is becoming just as important as accessing India’s skilled workforce and cost-effective environment. Why Cultural Alignment Matters for GCC Operations For multinational companies setting up GCCs in India, it’s crucial to recognize that success goes beyond tapping into talent. Leaders need to understand and integrate local cultural norms to foster innovation, collaboration, and long-term success.

The NSE Nifty index ended the session 36.1 points down at 24399.4, while BSE Sensex fell 16.82 points to 80065.16.

K Rammohan Naidu on Thursday said the government aims to set up 50 more airports in the next five years and pitched for further developing the country's airport ecosystem that will also help in boosting job creation. In the last 10 years, the number of airports has doubled to 157. Naidu said that 50 more airports are expected to be developed in the next five years and 200 more in the next 20 years. The minister was speaking after inaugurating the Airbus India and South Asia Headquarters — Training Centre in the national capital.

Wrestling Federation of India (WFI) on Wednesday withdrew the Indian team from the World Championship, conveying to world governing body, UWW, that the sports ministry is interfering with its autonomy. The senior World Championship in 12 non-Olympic categories is scheduled to be held in Tirana, Albania from October 28. The WFI had recently announced selection trials for the U23 and World Championship, which was challenged as contempt of court by the protesting wrestlers who questioned the legality of the selection by the suspended federation. WFI withdrew the selection trials notice and the court, on October 4, decided not to proceed with the contempt petition.

BPM) organisations must move beyond routine tasks and address more complex and strategic challenges while offering insights into the emerging skills that will define the future of work in this dynamic industry, a new report has said. As the sector undergoes rapid transformation driven by technological advancements, changing client expectations and new engagement models, the demand for specialised skills and redefined job roles has become more critical than ever, said the report, ‘BPM Shifting Gears: Shaping Tomorrow’s Skills and Careers’, jointly prepared by industry association Nasscom and job search portal Indeed. India’s BPM industry is steadily growing, generating $48.8 billion in revenue as of FY2024 while undergoing significant shifts from process management to delivering end-to-end transformation solutions.

Subscribe to enjoy similar stories. They say interest is dearer than the principal. Grandparents tend to dote on grandchildren more than their own.

Subscribe to enjoy similar stories. When you pick your favourite business daily or switch to your preferred channel for market updates, more often than not, you will find India's corporate giants all over it. And nothing wrong with that, but in that noise, one usually loses sight of other strong opportunities that do not make the headlines.

Subscribe to enjoy similar stories. SRF Ltd's September quarter (Q2FY25) results drew a lukewarm response from the Street, with the underperformance in its core chemicals segment and muted growth in the packaging films business weighing on investor sentiment. Consolidated Ebitda came in at ₹538 crore, down 13% year-on-year, falling short of the consensus estimate of ₹631 crore.

Pen drives are the best to carry your data alongAlso read: Amazon Great Indian Festival Diwali Sale: Grab more than 80% off on tablets and accessories from Apple, Samsung and moreSolid State Drives (SSDs) have revolutionized data storage with their speed, reliability, and efficiency. Unlike traditional hard drives, SSDs use flash memory, which significantly reduces loading times for files, software, and operating systems.

Subscribe to enjoy similar stories. The Indian stock market recently witnessed a landmark event – the successful completion of Hyundai Motor India’s ₹27,870-crore initial public offering, the country’s biggest IPO to date. The last time a car maker went public was in June 2003, when Maruti Suzuki launched its ₹990-crore IPO.

New Delhi: In a major step towards enhancing collaboration and digital adoption at incubation centres, the Indian STEPs and Business Incubators Association (ISBA) announced a strategic partnership with SanchiConnect at the 16th edition of ISBACON 2024, India’s premier conference for startup incubators. The conference attracted over 300 participants from incubators across India, government bodies, and international associations such as AABI (The Asian Association of Business Incubators), Thai-BISPA, the British High Commission, and the German Centre for Research & Innovation.

Ravichandran Ashwin surpassed Australia's Nathan Lyon to become the seventh highest wicket taker in Test cricket during the first innings of the second Test against New Zealand at Pune. Ashwin got his 531st Test wicket when he dismissed Devon Conway for his third wicket in the innings. The Tamil Nadu bowler has the second highest wickets for India, only behind Anil Kumble's 619 scalps. Playing in his 104th Test, Ashwin has a bowling average of 23.74 and a strike rate of 50.38. He has the joint second most five-wicket hauls at 37, sharing the record with Australian great Shane Warne. Sri Lankan legend Muthaih Muralitharan leads the list with 67. Additionally Ashwin has scored 3438 Test runs at an average of 26.45, including six centuries.

NASA has delivered a crucial component for the NISAR (NASA-ISRO Synthetic Aperture Radar) satellite to the Indian Space Research Organisation (ISRO). The radar antenna reflector, essential for the mission, arrived in Bengaluru on October 23, 2024. This reflector plays a key role in focusing microwave signals sent to and from Earth’s surface, allowing NISAR to scan almost all of the planet’s land and ice surfaces every 12 days to gather scientific data. After its arrival aboard a NASA C-130 cargo plane, the radar antenna was transported to ISRO’s Spacecraft Integration and Test Establishment for reintegration with the NISAR spacecraft. The satellite is scheduled for further testing in preparation for its launch from the Satish Dhawan Space Centre on India’s southeastern coast in early 2025. NASA and ISRO will coordinate to finalize the official launch date.

Maharashtra Cricket Association (MCA) Stadium in Pune, has witnessed growing unrest among spectators due to inadequate facilities at the venue. Fans have reported a severe shortage of drinking water on Day 1, leading to protests during the lunch break. The match is part of a three-match series, with New Zealand having won the first Test last week.

The initial public offering (IPO) of Afcons Infrastructure will open for subscription on October 25. The issue closes on October 29. Through the public offer, the company plans to raise nearly Rs 5430 crore. Here are 10 things to know about the Afcons Infrastructure IPO before subscribing to the issue.

Nathan Lyon to go seventh on the all-time Test-wicket takers list when he dismissed Devon Conway to grab his third wicket on Day 1 of second Test in Pune. The two off-spinners will go head-to-head when India visits Australia for a five-match Test series in November. Conway was Ashwin's 531st Test wicket. the Tamil Nadu bowler has the second highest wickets for India, only behind Anil Kumble's 619 scalps.