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artificial intelligence (AI) will change the anatomy of jobs, skills, tasks and occupations and create upward social mobility in the economy, Cognizant chief executive Ravi Kumar S said. Kumar said technology service companies like Cognizant pivot on «technological discontinuities» such as generative AI.

NCP MP Supriya Sule on Friday alleged that apps like Google Pay and PhonePe are «two ticking time bombs» and sought to know what steps the government is taking to check money laundering. Participating in a discussion on 'The White Paper on Indian economy' in Lok Sabha, Sule said whatever happened in Paytm Payments Bank Ltd (PPBL) is «very alarming» and is almost like money laundering. The Reserve Bank of India (RBI) last month directed PPBL to stop accepting deposits or top-ups in customer accounts, wallets, FASTags and other instruments after February 29.

Haryana chief minister Manohar Lal said that a lot of work has been done by his administration in the state for bringing transparency and ending corruption, especially in government recruitment. «We have tackled corruption strongly, especially in government appointments. Appointments and transfers postings were an industry when we came to the government. We worked and corrected that,» he said on Friday. «That said, we have to work hard and will try to take Haryana towards Ram Rajya.» Referring to the white paper on 10 years of the UPA government, the Haryana CM said even his government got corruption and scam in legacy. His government's priority is to end three Cs — crime, caste and corruption, Manohar Lal said.

From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers

There is a common belief that investing is a journey of self-discovery. It reveals your relationship with money, your tolerance for risk, and your ability to stay disciplined in the face of uncertainty. When we look at the investment opportunities presented in India, we are looking at a stable government that offers excellent business-friendly policies and a promising future. The country is poised to be a rare bright spot despite a tough macroeconomic environment and a slowing global economy. Investment companies have highlighted how multi-asset allocation strategies will be key to generating sustainable market-beating investment returns.

When China started rolling back its zero-COVID policy, the early official numbers on the disease’s spread were so low that they were publicly ridiculed. But on a screen in his Hong Kong office in December 2022, Charles Li could see signs that more people were becoming ill.

It seems central bankers can’t keep the United States economy down — despite a 23-year high in the world’s most important interest rate, the U.S. Fed funds rate.

jobs in January as the unemployment rate fell for the first time since December 2022.The gains, which were above some analyst expectations, were mostly driven by part-time work, and were well above the 10,000 jobs RBC predicted Canadian employers would add.The bank had also predicted the unemployment rate would rise to 5.9 per cent, up from 5.8 per cent in December. Instead, unemployment came in at 5.7 per cent, down one percentage point from the previous month.Statistics Canada, which released the data Friday, said there were employment gains spread across several industries in the services-producing sector.They were led by wholesale and retail trade (up 1.1 per cent) as well as finance, insurance, real estate, rental and leasing (up 2.1 per cent).

With the fundamentals of the Indian economy remaining strong despite all global headwinds and inflation well under control, the RBI once again decided to keep the repo rates unchanged at 6.5%, thus extending the festive bonanza that it gave to the homebuyers in its last two policy announcements. Thus, homebuyers retain their advantage of relatively affordable home loan interest rates.

Manmohan Singh on Thursday from Rajya Sabha — and, for all purposes, political life — the country marks the exit of a figure who managed to hold on to the paradoxical tag of practitioner of 'decent politics'. This was no mean feat in a career that started in academia, moved to policy, and orbited into politics.

A few lucky luxury brands have always sold their goods to people who can afford them, no matter what shape the economy is in. Others that are trying to muscle in on this ultrarich patch risk leaving their usual customers out in the cold. Shares in Hermès rose 5% in early European trading Friday after the Birkin handbag maker said sales for the three months through December rose 18% compared with a year earlier.

The Conference Board chief economist Dana Peterson says the LEI is great for the goods economy on Making Money.

By Huw Jones

The Reserve Bank of India (RBI) has kept the repo rates unchanged for the sixth time in a row at 6.5 per cent. The repo rate is the rate of interest at which RBI lends to other banks. The decision was made during the three-day RBI’s monetary policy committee which started on Tuesday (February 6-8). The RBI typically conducts six bi-monthly meetings in a financial year, where it decides interest rates, money supply, inflation outlook, and various macroeconomic indicators. 

New research by Limra shows Black Americans hold a more optimistic outlook on the economy and their personal financial futures than the general population.

The Bank of Canada’s top officials cited a “mixed picture” on the direction for underlying inflation and the Canadian economy in deciding to hold its benchmark interest rate late last month, newly released deliberations show.

Interest rates running at their highest levels in about 23 years are not hurting the economy and could buy policymakers more time before deciding whether to cut, Minneapolis Federal Reserve President Neel Kashkari said Monday.

Rockefeller Capital Management has just added more than a billion dollars to its already substantial asset base as it welcomes a powerhouse high-net-worth advisory team.

Portfolio Wealth Advisors President and CIO Lee Munson discusses the expected release of big bank earnings, the Fed's rate cuts and shares his market outlook for the year.

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The number of Americans filing for jobless claims fell last week despite more layoff announcements from high-profile companies recently