Business

AI not causing mass layoffs, but changing nature of work: Study

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Contrary to fears, generative AI isn’t causing mass layoffs in India’s IT sector. A new ICRIER-OpenAI study reveals AI is boosting productivity and transforming roles, ...

Gold tops investment choices among young Indians, survey finds

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Young Indians, across Gen Z and Millennials, overwhelmingly favor gold as their top investment choice, with 62% preferring it over mutual funds, stocks, and crypto. ...

‘Got India’s commitment to stop buying Russian oil,’ claims Rubio at Munich conference

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US Secretary of State Marco Rubio claimed India committed to halting additional Russian oil purchases, amidst ongoing US sanctions. However, India’s External Affairs Minister S ...

Cabinet clears major highway projects: CCEA okays Rs 11,000cr for upgrades

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The Centre has greenlit over Rs 11,000 crore in highway projects across Maharashtra, Gujarat, and Telangana. These crucial upgrades, including road widening and new four-lane ...

India’s climate spending rises to 5.6% of GDP, Sitharaman says at Munich

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India has significantly boosted climate action spending, now at nearly 5.6% of GDP, up from 3.7% six years ago, demonstrating strong domestic commitment. Finance Minister ...

Cabinet clears Rs 1 lakh crore Urban Challenge Fund to drive market-led city infrastructure push

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The Union Cabinet has greenlit the Urban Challenge Fund, allocating Rs 1 lakh crore to spur market-linked urban infrastructure over five years. This initiative aims ...