NEW DELHI: India is set to witness a sharp rise in demand for Artificial Intelligence (AI) professionals, with reports projecting a need for one million skilled workers by 2026.As the nation aims to become a $23–35 trillion economy by 2047, higher education—especially in engineering—is being reshaped to keep pace with the fast-changing job market driven…
Representative image (Picture credit: AP) NEW DELHI: Doubling of import duty on steel and aluminium by the Trump administration will dent export demand, with companies having to scout for alternative markets.Several US importers have gone slow on fresh orders as costs went up significantly after the imposition of 25 per cent duty, although India was…
Communications minister Jyotiraditya Scindia said government has no plans to provide any relief on the AGR (adjusted gross revenue) front to telecom companies after the Supreme Court struck down their plea for a waiver of interest and penalty. In an interview with TOI, the minister also made it clear that beleaguered Vodafone Idea will not…
Finance minister Nirmala Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman on Friday said India is sustaining its GDP growth momentum as the fastest-growing economy for the fourth year in a row, aided by manufacturing, services, and farm sectors.“India is sustaining growth and it is the fastest-growing economy now for the fourth year continuously, thanks to…
NEW DELHI: India is broadening its efforts to develop AI foundation models. After Sarvam AI, the government on Friday selected three more teams – Soket AI, Gan AI, and Gnani AI – for building indigenous AI models. IT and electronics minister Ashwini Vaishnaw said the country has 367 data sets loaded on AI Kosh. “So…
China’s manufacturing activity shrank in May for the second month running, official data showed Saturday, despite Beijing reaching a temporary ceasefire in a blistering trade war with the United States.Beijing and Washington agreed this month to pause staggeringly high tariffs, although US President Donald Trump on Friday accused China of breaching the de-escalation deal.While the…
US President Donald Trump has put forward the possibility of resuming large-scale trade with Russia once the war in Ukraine ends, but experts say major obstacles stand in the way of such a move anytime soon.“Russia wants to do large-scale TRADE with the United States when this catastrophic bloodbath is over, and I agree,” Trump…
NEW DELHI: IndiGo has announced the launch of direct daily flights between Mumbai and Adampur (Jalandhar), Punjab, starting July 2, 2025. This marks Adampur as the airline’s 92nd domestic and 133rd overall destination.The new route aims to offer convenient travel options for both business and leisure travelers. IndiGo stated that the direct connection will strengthen…
NEW DELHI: The Indian bond market is gaining momentum due to lower inflation and expectations that the Reserve Bank of India will cut interest rates, according to a report by Jefferies.The report indicates favourable conditions for domestic bonds, particularly appealing to long-term investors amid evolving global financial conditions. India’s consumer price inflation has shown a…
The upcoming hike in US tariffs on steel and aluminium imports, announced by President Donald Trump, is set to impact Indian metal exports worth $4.56 billion, according to a new analysis by the Global Trade Research Initiative (GTRI).Beginning June 4, the higher duties are expected to raise product costs for Indian manufacturers and exporters in…
