When someone says something that sounds politically correct, you may doubt whether they really mean it. But when someone advocates an idea that is so out of tune with the current reality and changing times, there is no doubt they mean what they say. Larsen and Toubro (L&T) chairman S.N. Subrahmanyan was merely reinforcing, in…
AFTER DECADES of blue-collar jobs being snatched up by machines, advanced chatbots are now breathing down white collars. “Generative” artificial-intelligence (AI) tools, such as ChatGPT, have made significant progress in crafting human-sounding language and grasping context. So much so that they have leapfrogged humans in some tasks. This could make as many as 300m jobs…
As the 2024 academic year concludes, law graduates are stepping into a job market where their skills are more coveted than ever. Law firms across India have ramped up their hiring efforts, offering higher salaries to attract fresh talent needed to navigate the complexities of a fast-growing corporate landscape. The fight for talent Top law…
Aspirants at job fair in Kozhikode. File | Photo Credit: The Hindu One key flaw with the annual Budget process is that the Finance Minister gets a platform to make grand announcements, which trigger banner headlines. The next year, more announcements are made, triggering more mega headlines. No one bothers to hold the Finance Minister…
For students at India’s top management institutes, there is another reminder of a tight job market. Median pay—what a middle-ranked candidate would get—has stagnated. In some cases, for the batch of 2024 at Indian Institutes of Management (IIMs), it has even dipped. However, these colleges have increased fees for upcoming batches citing rising costs and…
IT firm Cognizant will lay foundation stone for its new 10 lakh sqft campus in Hyderabad on August 14, the Telangana Chief Minister’s office announced on Tuesday. Cognizant, which with 57,000 employees in Hyderabad has emerged as the second largest employer in the IT sector in the State, will create an additional 15,000 jobs at…
Advocacy of Chinese foreign direct investment into India by the Economic Survey notwithstanding, a change in India’s position seems unlikely. “There is no rethinking at present to support Chinese investments in the country,” commerce and industry minister Piyush Goyal said on Tuesday, noting that the survey’s recommendations are not binding. The current path of India-China…
New Delhi: A ramp-up in the number of global capability centres (GCCs) is serving India well, creating jobs at a time when IT services companies, India’s largest mass recruiter of fresher tech talent, are witnessing a slowdown, the 2024 Economic Survey said. This will be key to driving higher contribution of GCCs to the Indian…
Mumbai: The government will need to inject more funds in the education sector to bring in more public-private partnerships, encourage apprenticeship programmes, establish centres which are focused on crucial skillsets like AI and rollout better infrastructure for a stronger impact of the National Education Policy. “The current 3.5% of GDP spending will not be sufficient…
