Industry Trends

Punjab signs skill development pacts for automotive, footwear and fashion sectors

In a move to align skill training with industry requirements, Punjab Skill Development Mission (PSDM) has signed memorandums of understanding (MoUs) with State Institute of Automotive and Driving Skills (SIADS), Mahuana, and entered into a tripartite agreement involving Northern India Institute of Fashion Technology (NIIFT), industries and commerce department, Punjab, and Footwear Design and Development Institute (FDDI).

22 hours ago

Cognizant commits over 25,000 professionals to Anthropic's Claude delivery

Cognizant on Tuesday announced the formation of the 'Claude Frontier Capability Group', with more than 25,000 professionals focused on delivering Claude for clients.

1 day ago

Qualcomm begins India layoffs amid global workforce restructuring

US technology corporation Qualcomm has started laying off employees in India as part of a broader global workforce restructuring programme.

1 day ago

Programme on new Labour Codes enhances awareness among stakeholders

In a bid to enhance awareness, improved understanding, and stronger stakeholder engagement around the new Labour Codes, a district-level capacity-building programme brought together Central Government and State Government authorities and industry representatives in Madhya Pradesh.

09 Nov 2026

Mahindra Aerospace flags talent shortage as India scales up aircraft manufacturing

The company said India's aerospace industry remains at a nascent stage in terms of the availability of workers trained for the specialised nature of aerospace manufacturing. Developing talent capabilities is therefore becoming an important part of its expansion strategy.

06 Nov 2026

Diwali bonus rumour sparks protest by 300 workers at Greater Noida factory

At least 300 workers of a private mobile manufacturing company staged a protest on its premises in Greater Noida’s Ecotech-1 area on Wednesday morning over confusion surrounding the payment of Diwali bonuses. The protest, which began around 8 am, was called off after police and labour department officials intervened.

05 Nov 2026

India's financial crime compliance workforce to reach 45,000 by 2030, create 19,000 jobs: Report

The report highlighted that financial crime is estimated to cost the global economy more than USD 4.4 trillion annually, with AI-enabled fraud, synthetic identities, mule account networks and sanctions evasion posing growing challenges for financial institutions.

30 Oct 2026

Nevada unions, politicians caught between AI job creation and destruction

On more than 100,000 acres of Nevada desert east of Reno, one of the world's largest concentrations of data centers is taking shape, providing years of work for thousands of electricians, pipefitters and other union tradespeople who are building it.

29 Oct 2026

Layoff tracker: From Amazon to Netflix, these companies are cutting jobs globally

While some companies have explicitly linked their restructuring to AI-led business transformation, others have cited efficiency, performance or changing market conditions. The scale and nature of the cuts vary, with some companies disclosing exact numbers and others leaving the total unspecified.

29 Oct 2026

Dropbox layoffs: Co-CEO Ashraf Alkarmi sends memo to employees announcing 9% job cuts, CTO Ali Dasdan to leave

Dropbox has announced a significant reduction in its workforce, planning to eliminate approximately 9% of its positions as part of a strategic realignment of resources. This move is expected to result in severance expenses ranging from $27 million to $33 million, impacting the company's financials primarily in Q4 of 2026.

29 Oct 2026

Norwest to hike investments in Indian mfg, healthcare, tech after $4bn global fund raise

8 hours ago

'Legend replaces a Legend': Trump wants Tim Cook to replace Nvidia CEO Jensen Huang

In light of Jensen Huang's sudden resignation from Nvidia, alleged personal conduct issues have arisen. Donald Trump has proposed Tim Cook as a fitting successor. The Nvidia board swiftly acknowledged Huang's significant contributions while confirming his departure. Consequently, Nvidia experienced a substantial stock decline. Colette Kress will serve as interim CEO as the company begins its search for a permanent replacement.

8 hours ago

Chinese 'spy' Alice Huang's firms invested in DeepSeek, promised Nvidia's Blackwell chips

Alice Huang, associated with Nvidia CEO Jensen Huang, has drawn scrutiny over her data centre ventures. Companies linked to her invested in DeepSeek to secure Nvidia's Blackwell chips, which are crucial for AI operations. In Singapore, she is under investigation for allegedly misleading authorities during inquiries into her business Megaspeed. Authorities have barred her from re-entering Singapore amid these investigations.

8 hours ago

Nvidia tumbles over 12% in pre-market trading after Huang's exit

Nvidia shares plummeted nearly 11% following CEO Jensen Huang's departure amidst growing controversy and investor unease. This shake-up pushed other AI-driven firms like Oracle and Micron Technology to also suffer losses. The dollar surged to a 19-month peak, with the US 10-year Treasury yield hitting 5%. As Nvidia transitions, Colette Kress will hold the interim CEO position, while analysts await the company's forthcoming earnings report for crucial insights.

9 hours ago

Paytm nears listing price for the first time since 2021; shares climb 7.31% to Rs 1,925

Paytm share price today: The share price of One 97 Communications, the parent company of Paytm hit a multi-year peak of Rs 1,925 at closing and is now Rs 25 shy of its listing price of Rs 1,950 on the National Stock Exchange. It is now up over 49% year-to-date.

10 hours ago

Google, Microsoft & more: Valuation of firms led by Indian CEOs hits $15 trillion

A wave of Indian-origin business leaders is reshaping the global corporate landscape, amassing an impressive collective valuation of $15 trillion. The rise of artificial intelligence has been instrumental in this growth, with 103 out of the 200 companies listed in the HSBC Hurun Global Indians List 2026 leveraging AI technology.

11 hours ago

Everyone wanted a Labubu. What happened?

Once a coveted collectible, Pop Mart's Labubu dolls are now witnessing a steep decline in desirability, particularly in the United States. Recent sales data reveals a dramatic fall in global revenue, resulting in collectors becoming increasingly discerning. As enthusiasts pivot towards new toy brands and characters, many are reevaluating their investments in Labubu dolls, signaling a pivotal shift in the collecting landscape.

11 hours ago

Is AI putting Indian IT jobs at risk? What Moody’s says about the future of work

The rise of AI is stirring concerns in India's IT and BPO industries about productivity and job security. Moody's Ratings highlights the uncertainty regarding AI's potential employment impact, as concrete evidence remains elusive. India struggles with its digital infrastructure and skilled labor needed to harness AI effectively. However, if geopolitical tensions in the Middle East diminish, India's economic growth prospects could enhance.

13 hours ago

What's redefining India's employment landscape? AI, talent gaps and labour reforms and what it means

India's employment landscape is undergoing a fundamental shift. The opportunity lies in ensuring that employees are equipped to work effectively with these tools. As AI adoption deepens, organisations will need to focus not just on technology deployment but also on helping their workforce understand, adopt and use these capabilities responsibly.

13 hours ago

Indians buy 52 tonnes of gold as prices fall from Rs 1.8 lakh peak to Rs 1.42 lakh

The festival calendar also worked in favour of jewellery purchases. Dhanteras was observed on November 6, followed by Diwali on November 8. Both occasions fell in the early part of the month, when salaried employees typically receive their monthly pay and festive bonuses. In the current fiscal year through September, gold sales by volume declined by nearly 50%.

14 hours ago