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India’s fast-growing Global Capability Centre (GCC) ecosystem — which already employs 1.9 million professionals — is set to create an additional 2.8 to 4 million jobs by FY30, according to a new report by TeamLease. But as expansion accelerates, the study warns, operators will face an increasingly complex regulatory and compliance environment, PTI reported.The report,…
The Export Promotion Mission will consolidate multiple schemes into a single mechanism. (AI image) Prime Minister Narendra Modi-led Union Cabinet on Wednesday approved an Export Promotion Mission (EPM) with an outlook of Rs 25,060 crore. The move assumes significance at a time when India’s exports to the US face a penal 50% tariff. Additionally, the…
US stocks edged higher on Wednesday, with benchmark indices inching toward record levels as easing worries over the government shutdown and a rebound in technology shares buoyed investor sentiment, according to an AP report.The S&P 500 rose 0.2% in early trade, nearing its all-time high from two weeks ago, while the Dow Jones Industrial Average…
As Delhi’s air quality plunged to its worst level this season, companies across sectors in the National Capital Region (NCR) have reinstated work-from-home (WFH) measures and restricted staff travel. The move follows the enforcement of Stage 3 of the Graded Response Action Plan (GRAP) from Tuesday after the city’s average Air Quality Index (AQI) crossed…
The upcoming 23rd India-Russia annual summit, scheduled for December, is expected to significantly advance bilateral cooperation in civil nuclear energy, with a special focus on small and modular reactors (SMRs) and greater localisation of nuclear plant equipment.Ahead of the summit, Rosatom director general Alexei Likhachev met Ajit Kumar Mohanty, director general of the department of…
American aerospace giant Boeing has downplayed concerns that India–US trade frictions could hit its operations, saying that tariff disputes have no bearing on its commercial or defence business in the country, ET reported.Salil Gupte, President of Boeing India, said the company continues to see India as a key market for growth and industrial partnership, even…
The longest federal government shutdown in US history has upended airlines’ holiday quarter expectations, grounding thousands of flights and forcing carriers to scramble for contingency plans as operations across the country remain crippled.Airlines, which had been counting on a rebound in corporate and leisure travel, are now seeing Thanksgiving bookings grow by just 1% since…
General Motors (GM) has asked thousands of its suppliers to eliminate parts sourced from China by 2027, in one of the auto industry’s most aggressive moves yet to insulate its operations from deepening US-China trade tensions, Reuters reported, citing four people familiar with the matter.According to the report, GM has directed suppliers to find alternative…
The commerce ministry’s Directorate General of Trade Remedies (DGTR) has initiated an anti-dumping investigation into imports of a Chinese-origin rubber used primarily in the automotive industry, following a complaint from a domestic manufacturer.The investigation concerns Halo Isobutene and Isoprene Rubber, which is widely used in manufacturing inner tubes for bicycles, cars, trucks, and industrial or…
India is poised to become the epicentre of global oil demand growth over the next decade, the International Energy Agency (IEA) said in its latest Global Energy Outlook 2025, citing rapid economic expansion, industrialisation, and rising vehicle ownership as key drivers of energy consumption.According to the Paris-based agency, India’s energy demand is projected to rise…
