AMERICA GLOBAL TALENT
All is fair in books and coffee at Frankfurt, despite AI anxieties and geopolitical unease
The Frankfurter Buchmesse this year experienced a decline in trade visitors and exhibitors amidst ongoing geopolitical tensions. Many Ukrainian publishers suffered losses due to the war, reflecting the continuing impacts of the Russia-Ukraine conflict. The event also highlighted innovative contributions from global comic book publishers and creators from various countries. Notably, the theme of this year's fair underscored the growing influence of machine intelligence in publishing.
Wipro reappoints Angan Guha as head of Americas 2
The move comes after Suzanne Dann, the former CEO for Wipro’s Americas-2 Strategic Market Unit, stepped down in April to pursue opportunities outside Wipro, India’s fourth largest IT services company.
German companies plan to double, triple growth in India over 3-5 years: Piyush Goyal
German companies are planning significant growth in India over the next three to five years. Piyush Goyal emphasized partnerships in technology co-creation and skill development for Indian youth. During his visit to Germany, he met with various industry leaders to discuss investment opportunities. There is a focus on expanding German manufacturing and research capabilities in India. Promising sectors for collaboration include electronics, automobiles, and smart manufacturing.
Infosys Q2 net profit rises 6.2%; projects weakest growth in seven years
Revenue rose 10.7% yearly and 2.1% quarter-on-quarter to reach Rs 49,244 crore. Infosys lowered its guidance for 2026-27 to 1-2% in constant currency terms, its weakest estimate in seven years, down from an earlier range of 1.5-3%. Last quarter, it had trimmed the upper end from 3.5% earlier.
AI fear makes companies look powerful and helps them raise funds: Andrew Ng
In an exclusive interview with The Economic Times Digital, Andrew Ng argues that the immediate challenge is to prepare people for work that increasingly involves AI. He notes that computer science students, who have never used a coding agent or are connected to an advanced AI model, even as those skills become essential, continue to graduate from universities.
Why sovereign AI is critical to India’s next growth leap?
India has already created considerable momentum. The priority now is to connect government initiatives, industry investments, academic research and startup innovation into a coherent ecosystem.
- Go To Page 1
Online festive sales fizzle; Snowflake CEO on AI’s impact on software
Happy Monday! Festive ecommerce sales have slowed down this year, we tell you why. This and more in today’s ETtech Morning Dispatch.
India's cuisine, culinary diversity & Bollywood take centre stage at New York City's biggest food festival
The NYC Wine and Food Festival recently featured an event highlighting Indian cuisine with renowned chefs. Maneet Chauhan and Chef Vijaya Kumar hosted 'Flavours of Bollywood', showcasing various regional dishes and street food. Guests enjoyed diverse offerings like idlis, butter chicken, and malai ice cream, emphasizing the depth of Indian culinary heritage. The event attracted attendees from various states and celebrated the upcoming Diwali festival.
Trump’s super intelligence diplomat: Marco Rubio
Trump changed AI to SI. Now he has created a new breed of SI diplomacy.
Dr Doom, who predicted global financial crisis, has a forecast for India
Economist Nouriel Roubini, known as “Dr Doom” for predicting the 2008 Global Financial Crisis, sees India emerging as a major growth story over the coming decades. He believes easing US tariffs, deeper trade ties, friendshoring and continued reforms could strengthen India's economic prospects. However, India must accelerate growth towards 9% to create enough jobs for its young workforce as artificial intelligence reshapes employment and global manufacturers diversify beyond China.
Piyush Goyal pitches India as manufacturing, innovation base for Canadian businesses
Union Commerce and Industry Minister Piyush Goyal has urged Canadian businesses to utilize India's manufacturing capabilities. He highlighted the potential for production and exports to global markets beyond India's domestic market. Goyal emphasized India's preferential trade agreements that enhance market access to approximately USD 85 trillion of global GDP. He encouraged bilateral commercial engagements ahead of finalizing the Comprehensive Economic Partnership Agreement.
Bank of America consumer retail M&A banker Peacock to leave, sources say
Richard Peacock, a veteran banker in consumer and retail M&A, is leaving Bank of America. He has been with the bank for over a decade. Earlier this year, he was named co-head of a new private capital M&A group. His departure follows that of Andrew Conway, who left for Citi's investment banking chair. Bank of America declined to comment on Peacock's exit from the firm.
Cisco bullish on India, to expand chip design team, says CEO Chuck Robbins
Cisco's leadership is focusing on expanding its silicon design team in India due to available talent. The company has successfully implemented a meaningful manufacturing strategy, showcasing its commitment to the market. Cisco plans to introduce its sovereign critical technology suite to India soon, following its earlier rollout in Europe and Canada. India, alongside the Middle East, is considered a major growth opportunity outside the US.
Bank of America loses bankers, tells staff of big ambition, continued hiring
Recent high-profile exits at Bank of America, such as banker Amy Lissauer, have sparked concerns about the institution's future. Once a leader in investment banking fees, the bank now sits in fourth place. In response to staff unease, executives held a reassuring meeting focused on commitment to employees and recruitment plans.
ETSA champions show the great Indian dream is all home-brewed and visa-free: Union Minister Piyush Goyal
In a candid conversation with ET’s Deepshikha Sikarwar, he spoke about India’s trade deals, India-US relations, foreign investment, and how Indian businesses will benefit from the restrictions on the green card programme.
H-1B visas, green card programmes generated $2.1 trillion in US household income: USISPF
The US-India Strategic Partnership Forum has backed the Trump administration’s crackdown on alleged PERM abuse while warning against overlooking the economic contribution of legal immigrants. USISPF said green card and H-1B pathways have strengthened US growth and innovation, citing $2.1 trillion in household income and nearly $579 billion in federal, state and local taxes generated by legal immigrants.
US green card freeze: TCS, Infosys, Wipro, HCLTech had just 61 certified PERM cases in FY26
HCL America recorded 59 certified cases and TCS only two. Infosys and Wipro had no recorded cases in the period and neither did US-headquartered Cognizant.
Trump's bid to curb techies may end up benefiting India
Trump’s tightening of H-1B and PERM rules could hurt Indian IT companies in the short term but may also accelerate the shift of more US technology work to India, former HCLTech CEO Vineet Nayar argues. The bigger opportunity would be for Indian firms to move beyond manpower-heavy outsourcing towards higher-value work in AI, product engineering, cybersecurity and technology ownership.
US visa curbs may shift higher-value tech work to India, says former HCL Tech CEO Vineet Nayar
Restrictions imposed by the US on major technology companies may prompt a shift in high-value technology work to India. Vineet Nayar highlighted how this situation may benefit Indian IT firms and enhance technological capabilities. While US companies seek to protect local jobs, Indian firms could focus on architecture and product engineering. The industry might also shift away from traditional models of sending engineers to client locations.
TCS Q2 results: Profit rises 15% YoY to Rs 13,884 crore; co declares dividend at Rs 12 per share
TCS Q2 Results 2026: IT services major Tata Consultancy Services (TCS) reported 15% year-on-year (YoY) growth in its consolidated net profit at Rs 13,884 crore for the second quarter. Also the company has declared a second interim dividend of Rs 12 per share for the financial year 2026-27.
Meet Aneeshwar Kunchala, the 7-year-old environmentalist who hosted a COP27 documentary and interviewed children worldwide
Aneeshwar Kunchala is a young environmentalist based in Warrington, UK. He found himself passionate about nature and wildlife at an early age. At seven, he presented the SKY Kids documentary COP27 - Six Ways To Save Our Planet, connecting with children from Australia, Kenya, Singapore, the U.S.A. and Colombia to explore environmental challenges and possible solutions.
Messi set for emotional Argentina farewell in Buenos Aires friendly vs Benin
Argentina fans are hopeful for the future of their national team following Lionel Messi's retirement from international football. The team has shown immense potential with impressive victories against Bolivia and Burkina Faso without their legendary player. Coach Lionel Scaloni emphasizes the need for unity and confidence in the new generation of players. Many young talents have emerged, signaling a new era for Argentine football after Messi.
Defence stocks: Time to change strategy in a bearish market? An ecosystem with down and upside potential of -39% to plus 37%
The current fall is both at the level of the indices and the broader market. And when the selling is this broad, almost every sector is affected. But they do not all feel it equally, and it is worth knowing why every sector behaves differently at different points of time. Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
G20 ministers discuss curbing impact of govt-backed excess manufacturing capacities: Piyush Goyal
G20 trade ministers focused on preventing unfair manufacturing practices caused by government-supported large production capacities. Discussions included addressing predatory pricing and overcapacity threatening fair trade in countries like India and the US. Commerce and Industry Minister Piyush Goyal highlighted India's advantages for data centers, including low costs and tax benefits. He emphasized that India's renewable energy availability further enhances these advantages for global investors.
Nike stock plunges after shocking earnings report, company plans lay offs
Nike earnings statement shows that the company projected sales in the current fiscal year would fall by "high-single digits". Nike reported a two percent drop in quarterly profits to $712 million. Revenues fell four percent to $11.2 billion for the quarter ending August 31, the first quarter of Nike's fiscal 2027.
Indian executives are gaining clout in US corporate boardrooms
The landscape of S&P 500 boards has seen a noteworthy shift, with Indian men now occupying a record 16 seats. This development reflects the increasing preference for directors equipped with CEO-level expertise. In contrast, Indian women's representation on boards continues to stagnate. Compounding these dynamics, future entry for Indian executives into the US job market may face challenges due to prevailing immigration policies.
a16z’s Raghuram isn't writing off India AI yet; insurers weigh new rules
Happy Monday! a16z’s Raghu Raghuram said India can build frontier AI companies by using its talent. This and more in today’s ETtech Morning Dispatch.
Too early to write India off in the global AI race: Andreessen Horowitz’s Raghu Raghuram
India has few frontier AI model companies and limited computing capacity, but according to a16z managing partner Raghu Raghuram, the country should not be written off. In an interview with ET, Raghuram said Indian startups could first build services on open-weight models before eventually developing their own.
Load More
