EMPLOYMENT SLOWDOWN
Alang shipbreaking yard, world's largest, faces worst-ever crisis as vessel arrivals hit record low
Alang, India's largest shipbreaking yard, is experiencing its worst downturn. Geopolitical tensions and extended ship lifespans have led to an all-time low in vessel arrivals. Shipowners are opting for repairs over demolition. This slowdown threatens the livelihoods of thousands directly and indirectly employed in the industry. The situation remains grim.
Death of the CV: AI is making soft skills the new hiring currency. Here's how that benefits you
Artificial intelligence is leading to a surge of identical resumes, forcing recruiters to look beyond CVs and focus more on soft skills and actual experience. This shift is increasing screening efforts as companies navigate a slower hiring market influenced by geopolitical events and a nuanced impact of AI on workforce reductions.
Is India's economic growth real? Raghuram Rajan says something is off
Former RBI Governor Raghuram Rajan questions India's strong economic growth figures, citing weak corporate investment and declining foreign capital inflows. He argues these factors are difficult to reconcile with official data, suggesting a disconnect between headline numbers and business behavior. Rajan also highlights the lack of a clear economic roadmap and warns of vulnerabilities from the Middle East conflict.
Forget the DOJ. For a Trump pardon, call "Bobby" and other influencers
President Donald Trump's pardon system has shifted dramatically. Influence now hinges on personal networks and narratives of victimhood, bypassing established Justice Department rules. Advocates with access to Trump's inner circle play a crucial role. This new approach prioritizes personal appeals and connections over formal procedures. Many recipients did not meet prior criteria for clemency.
Carlyle seeks banks for India IPO of healthcare RCM provider
Carlyle has sought investment bank pitches for a potential India IPO of its healthcare revenue cycle management platform created through the merger of Knack RCM and EqualizeRCM. Advisers may be appointed soon, while details on valuation and issue size remain undecided.
AI not a threat, but opportunity for IT services: TCS chairman N Chandrasekaran
Addressing the concerns that AI could reduce demand for traditional IT services, Chandrasekaran said the market has misunderstood the relationship between AI and technology services. "Far from being a mortal threat, AI is the most significant opportunity yet for TCS and, in fact, for the IT industry as a whole," he said.
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Flexi-staffing industry in India sees 8% YoY growth in new employment in 2025-26: ISF report
The push for formal employment, strongly supported by the staffing industry, has been instrumental in bringing more workers into structured flexi roles, thereby boosting reported employment figures and aligning with the industry’s commitment to providing formal opportunities, especially for first-time job seekers and freshers, the report said.
Indian employers turn cautious for July-September quarter amid global uncertainties: Report
Looking ahead to the July-September period, India's hiring scene is poised for a slowdown as employers adopt a wait-and-see stance amidst global uncertainties. Nevertheless, the country retains a vibrant hiring potential internationally. The current economic climate plays a significant role in shaping recruitment decisions, with notable hiring aspirations surfacing in utilities, finance, and construction sectors.
Jobs outlook may cool down in Sept quarter amid economic woes
India's employment outlook is set to soften in July-September 2026, with 59% of employers anticipating hiring increases, down from 74% in the previous quarter. Despite this moderation, India's hiring sentiment remains the strongest globally, driven by manufacturing, services, and global capability centers, though employers are becoming more selective due to economic and geopolitical challenges.
100 days of Iran war: India must brace for broad-based economic shock
In a volatile turn of events, escalating strikes between Iran and Israel are sending shockwaves that may reach India’s economy. As the specter of increased oil prices looms, disruptions in supply chains could become a reality. The Reserve Bank of India is on alert, with policymakers devising strategies to mitigate possible fallout.
Oil market calm masks a host of unknowns
Global oil markets are experiencing an unusual calm despite a major supply shock. The Strait of Hormuz remains largely shut, impacting significant global supply. However, prices have retreated from highs. Uncertainties about global inventories, China's demand, and the true state of consumption create a precarious situation. Experts are operating with limited information, making the market's stability fragile.
Diversity hiring jumps 21% despite slowdown in white-collar recruitment: foundit
White-collar hiring in India saw a slowdown in May 2026. However, diversity hiring experienced a substantial surge. This trend highlights a strong employer focus on inclusive workplaces. Women lead diversity hires, with significant growth in PwD representation. IT and Consulting sectors are at the forefront of this inclusive recruitment drive. Bengaluru leads as the top diversity hiring hub.
US Stock Market: Fed may need tighter policy as inflation risks persist
Dallas Federal Reserve President Lorie Logan indicates U.S. monetary policy might not be restrictive enough to meet the 2% inflation target. Inflation remains above the Federal Reserve's goal, with projections around 2.5%. Logan suggests policy may need to stay restrictive or even tighten further.
The great $100-billion tech shift: GCCs tighten grip on India’s talent market
India's Global Capability Centres (GCCs) jobs: India's Global Capability Centres (GCCs) are rapidly outpacing traditional IT services, driven by multinational corporations' need for control over IP, data, and AI. With a deep talent pool and higher compensation, GCCs are becoming the primary engine for specialized tech talent absorption, reshaping India's hiring landscape.
US stocks today: US stocks end modestly higher as AI zeal overcomes Middle East jitters
US stocks ended mixed as AI-driven optimism supported markets but was offset by rising geopolitical tensions and oil prices. Small-cap and semiconductor stocks gained, while software lagged. Alphabet’s massive AI funding plan and Marvell’s rally highlighted ongoing AI momentum, even as inflation fears and rate hike concerns kept investors cautious.
India tech jobs decline: AI, US immigration impact recruitment
India's technology job market faces its slowest period in over two years. Active tech job openings have dropped significantly. Global uncertainty, US immigration shifts, and AI adoption are pushing companies to recruit cautiously. This indicates a structural reset in the industry, with revenue growth decoupling from headcount growth. Demand for specialized skills like AI and cloud remains strong.
India's job engine strains as Iran war hits remittances and trade
The Middle East conflict is impacting India's economy by forcing migrant workers home and reducing demand for manufactured exports. This double blow is leading to unemployment and potential social unrest, as returning workers struggle to find comparable wages in India. The situation is particularly visible in industrial hubs like Kanpur, affecting sectors like leather exports.
Top India survey reveals dark reality of workers in entertainment industry that pays crores to superstars like Ranveer, Shah Rukh, Salman and Aamir
Top India survey shows Bollywood workers face 50–60% pay cuts, job scarcity and delayed payments amid industry slowdown. Behind-the-scenes staff report rising financial stress as productions tighten budgets and reduce work opportunities, while top stars remain largely unaffected. Many workers are struggling with high living costs in Mumbai and are turning to savings or leaving the city for hometowns.
Quit metro life for a smaller city? Here’s the real money math Indians must check before moving
Many are trading metro life for tier 2 cities, seeking better quality of life, cleaner environments, and reduced stress. While income may fall, lower expenses and proximity to family are significant draws. However, career growth, job opportunities, and infrastructure quality remain crucial considerations for this evolving relocation trend.
Housing sales dip 2% in January-March in top 8 cities to 96,000 units: PropTiger
Housing sales across eight major Indian cities saw a 2% dip in the first quarter of 2026. This decline was attributed to a slowdown in demand and a reduced supply of affordable homes. Bengaluru emerged as a standout performer with a significant sales increase.
As Oracle revokes offer made to many IIT, NIT students, IIT Kharagpur techie has an advice for engineering students: 'Do offer shopping'
Engineering graduates from premier institutes are facing the shock of revoked job offers post-placement season. These sudden withdrawals, attributed to organizational restructuring and shifting hiring needs, have left students unemployed months before graduation. The incidents highlight growing concerns about job security and prompt a re-evaluation of candidate loyalty during campus placements.
Wealth creation is also about ignoring noise on the street: 15 mid- and small-cap stocks from different sectors which fit the bill
In the April 2022-September 2024 bull market, every management appeared capable. Margins expanded, working capital looked manageable, capital was available, and the street was more than eager to pay. But such phases hide many weaknesses. And it is only in a difficult market (we are not using the word bearish), that the difference between a promoter who has seen cycles and one who has only seen liquidity becomes visible. A company that has been listed for long, has survived slowdowns, has managed input-cost spikes, and has not destroyed its balance sheet in good times deserves to be looked at differently from a company whose only talking point is recent growth.
Gen Z conspiracy: China thinks the West is pushing its youth to quit
In a cultural shift, many young Chinese individuals are opting for 'lying flat'—a lifestyle choice that rejects pressures of constant work and economic strain. What started as a minor trend has blossomed into a formidable expression of dissatisfaction rooted in job uncertainty and limited opportunities.
US jobless claims increase less than expected amid low layoffs
America's job market shows resilience. New unemployment claims saw a small increase last week. Layoffs remain low, providing stability. Job openings outnumber unemployed individuals. Despite tech sector cuts, overall job cuts are down this year. The labor market shows no signs of oil price shock impact. Hiring continues steadily.
US private job growth beats expectations in April: ADP
Private sector job growth in the United States soared past expectations in April, payroll firm ADP said Wednesday, boosted by hiring in health care and a rebound in other sectors. ADP added that "health care's continued strength, along with a rebound in trade, transportation, and utilities, fueled last month's acceleration in hiring."
India services growth picks up in April on strong domestic demand, PMI shows
India's services sector saw growth in April, boosted by strong domestic demand. This rise followed a dip in March. However, global orders slowed. Middle East uncertainties are impacting future optimism. New business accelerated, with consumer services leading the expansion. International sales growth weakened. Operating expenses rose at a softer pace. Employment expanded at the strongest pace in ten months.
Sustained reforms will help India maintain growth momentum, says ADB’s Albert Park
India's economy shows strong growth prospects despite global challenges. The Asian Development Bank highlights the need for continued reforms to enhance business and trade. Inflation remains a key concern, potentially impacting interest rate decisions. Strategic focus on renewable energy and targeted subsidies will bolster resilience. India is poised to benefit from AI advancements with proper skill development.
No systemic risk to BFSI sector; may see short-term slowdown in loan growth: Deepak Parekh
Industry veteran Deepak Parekh stated the banking and financial services sector is not facing major systemic risks from global geopolitical uncertainties. He anticipates a short-term slowdown in loan growth. Real estate investment trusts are growing in India. Insurance penetration remains low. Deposit mobilization has moderated as retail investors favor mutual funds. Artificial intelligence's impact on finance is still evolving.
PMI rises to 54.7; Inflation pressures mount
India's manufacturing sector saw modest growth in April. New orders and production improved, boosting activity. However, rising costs due to the West Asia conflict are a concern. Input prices increased at their fastest pace since August 2022. Output prices also saw a quick rise. Export performance was strong. Hiring activity strengthened, indicating optimism for future expansion.
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