EMPLOYMENT EQUILIBRIUM
AI investments must be judged by returns, not fear of missing out: Kumar Mangalam Birla
Kumar Mangalam Birla discussed the importance of evaluating potential returns on artificial intelligence investments. He suggested a more gradual approach to adopting AI technologies within the Aditya Birla Group. The group is assessing how AI can enhance various business aspects, from customer interaction to manufacturing efficiency. Birla also highlighted the challenges related to capital allocation amidst geopolitical changes. Overall, maintaining employee motivation and collaboration remains crucial in today's business environment.
There could be a pretty big global shock, says Nobel laureate & economist Michael Spence
Michael Spence highlights the economic growth of India and China, noting India's potential growth trajectory. He emphasizes India's advancements in digital infrastructure, particularly in digital financial services like UPI. Spence discusses the significance of AI in economic development and its anticipated impact over the next decade. He warns of potential economic shocks due to rising debt levels and high market valuations.
US private job growth picks up sharply in September: ADP data
US private sector hiring experienced a significant rebound in September, with employers adding 90,000 jobs, up from 38,000 in August. This growth, led by the education, health care, and leisure industries, is accompanied by solid pay increases, although wage growth continues to lag behind inflation, impacting workers' purchasing power.
India's IT model worked, until AI. Disruption now haunts its sub-optimal equilibrium
India's IT sector thrived for decades by providing skilled labour at lower costs. This model is now challenged by Artificial Intelligence. AI is eroding the advantages of offshore services and complex task execution. India must now focus on innovation to build foundational technologies and secure its future in the global AI landscape. The old strategy is no longer sufficient.
'Making money on money not progress': Zoho's Sridhar Vembu fires a dharma missile after Piyush Goyal's wake-up call to startups
Piyush Goyal ignited a discussion about Indian startups' ambitions, urging them to tackle significant challenges beyond consumer-facing ventures. Sridhar Vembu has highlighted the societal risks of wealth concentration without job creation, emphasizing the need for employment-focused growth.
Want to travel and enjoy life NOW? Why many young professionals are opting for micro-retirement as new career goal
Gen Z promotes micro-retirement, emphasizing career breaks for balance, contrasting with traditional retirement. They also engage in 'career catfishing,' accepting job offers without intention of joining, as a protest against the job search process. These trends reflect their push for workplace changes.
Why KKR mentor Gautam Gambhir is urging IPL to change to new ball manufacturer
Former cricketers propose IPL 2024 ball change for bowlers' aid. Gambhir suggests Duke balls over Kookaburra. Bhogle advocates balance. Concerns rise over bowling competitiveness. Singh lauds Narine's role, while Buttler shines in Rajasthan Royals' victory.
Government turns focus on skilling for small businesses
"MSMEs form the backbone of India's manufacturing sector and have huge potential for employment generation. Hence, the need to impart skills training to cater to their needs," a senior official told ET on condition of anonymity. This will serve the twin purposes of enhancing productivity of MSMEs and generating millions of job opportunities with growth in manufacturing and exports, said the official.
Microeconomics wins 'macro vs micro' conversation
Microeconomics has historically been more successful in predicting economic behavior than macroeconomics, due to its ability to conduct controlled experiments. Microeconomics and macroeconomics are inextricably bound, but microeconomics has historically been more successful in its predictions.
Work generation under NREGS declines in April
The decline in work generation corroborates with the decline in demand for work under the rural guarantee scheme, which has witnessed a year-on-year dip and is inching closer to the pre-Covid levels, suggesting reduced dependence on the rural employment guarantee scheme for livelihood.
Reducing import duty on tea would result in influx of cheap teas in market, says TAI
Presenting a paper to the Anupriya Singh Patel Minister of State in the Ministry of Commerce and Industry in Guwahati on Wednesday, TAI stated, “Due to low cost of tea production, countries like Indonesia, Vietnam, Malaysia, Nepal have the potential to offer average quality tea at much lower prices."
Urban employment shoots up to 35% last week despite intermittent local lockdowns: CMIE
Even the marginal dip in overall employment rate in July after sharp pickup in June has reversed with employment rate at 38.41% for the week ended July 19, almost at par with June 21 level of 38.42%, suggesting the equilibrium is setting in the labour market, the Centre for Monitoring Indian Economy has said.
Andhra Pradesh achieved 11.77% growth rate in H1: N Chandrababu Naidu
N Chandrababu Naidu today said the state has achieved 11.77 per cent growth rate in the first half of this fiscal against the target of 10.62 per cent.
NITI's Arvind Panagariya bats for tax sops to prop small industries up
According to Panagariya, if we want Indian economy to transform tweaking the current equilibrium will just not work.
On future projections
The marginal efficiency of capital is equal to that rate of discount which would make the present value of the series of annuities given by the returns expected from the capital-asset.
Finding and keeping right talent is the biggest challenge for companies today: Sankar Ramamurthy, head, people and change practice, PwC India
There is a structural problem in the economy in terms of talent and human capital, says Sankar Ramamurthy, executive director and head, people and change practice, PwC India.
The great transformation: India & China growth could be at the cost of lifestyles in developed nations
Choices made during the 1980s have generated secular trends that are likely to lead to a paradigm shift in the relationship among developed and developing nations.
Need regulatory overhaul, says ex-Fed chief Paul Volcker
Former Federal Reserve chairman, the namesake of US rules designed to rein in banks' proprietary trading, this time, regarding supervision of global capital flows.
Steel bodies want cap on iron ore exports at 90 mt/yr
Concerned over the limited availability of iron ore, steel industry representatives will press for a cap on iron ore exports at 90 million tonne a year.
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