Category: Business News & Economy

Nifty Consolidates Below 24,000 as Market Awaits Fresh Direction

Generative AI could substitute twelve percent of Indian non-agricultural jobs. Forty-eight percent of jobs will likely be complemented by this technology. Healthcare and education sectors are expected to benefit most from AI augmentation. India’s GenAI adoption depends on infrastructure and compute affordability. Widespread adoption could boost annual labor productivity growth significantly.

Noida property prices went up by 125% to Rs 10,780 per square feet, Bangalore by 90% to Rs 9,450 per square feet from 2019 to 2026; Know Delhi, Gurgaon, Hyderabad prices. Check the trend.

Indian companies report fresh graduates lack essential skills for immediate contribution. Many corporations still prioritize academic scores over practical abilities. Colleges perceive a skills-first approach which companies have not fully adopted. Students and employers prepare for different hiring criteria, creating a perception gap. Corporates now seek entrepreneurial mindsets, indicating a shift in hiring priorities.

Near term impact of west Asia tensions over Nifty 50

EPF wage ceiling: The Employees Provident Fund wage ceiling may increase to Rs 25,000. This change will bring more employees under the EPF and EPS schemes. Employees’ in-hand salaries might decrease while their retirement corpus grows. The Employees Pension Scheme pension will likely increase significantly for eligible members. This revision aims to enhance retirement benefits…

In a special report, Wall Street brokerage Goldman Sachs said the labour market impacts of gen-AI are expected to be “uneven” and it looks gen-AI as a medium-term positive for India’s growth outlook.

For non-resident Indians, foreign currency non-resident bank fixed deposits remain a favored investment choice. With an uptick in interest rates for tenures ranging from three to five years, Punjab National Bank currently leads with an attractive 6.50% rate on select five-year deposits. Meanwhile, HDFC Bank and ICICI Bank also showcase appealing rates for extended FCNR(B)…

Companies are gearing up for a stronger festive hiring season this year. Temporary recruitment is expected to exceed last year’s levels significantly. This surge is driven by resilient domestic consumption and expanding retail sectors. Ecommerce and logistics companies are leading this festive hiring push. Growth is also accelerating beyond major metropolitan areas.

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