India is grappling with a serious shortage of Generative AI talent, with only one qualified engineer available for every ten open roles, according to report by staffing firm TeamLease Digital. The gap is expected to widen further, with the AI talent shortfall projected to reach 53 per cent by 2026 unless large-scale training and reskilling…
The resilience of India’s external sector has been a key contributor to its stable macroeconomic environment amid a global trade environment shaped by tariff adjustments and increased uncertainty, according to the Finance Ministry’s ‘Monthly Economic Review’, adding that the country has unleashed bold reforms to mitigate the impact of global uncertainties. Persistent shocks such as…
Market closing update: Indian equity markets ended lower on Thursday, August 28, as investors continued to digest the effect of new 50 per cent tariffs on US exports that came into force on Wednesday. At closing, the BSE Sensex dropped 562 points, or 0.70 per cent, settling at 80,224. The Nifty50 index closed down 163 points,…
Shares of Dr Agarwal’s Eye Hospital Ltd (AEHL) plunged as much as 18 per cent on Thursday, August 28, after the company announced a merger with its listed parent — Dr Agarwal’s Health Care Ltd (AHCL). The sharp fall came as investors appeared to react negatively to the proposed share-swap arrangement. By 1:15 p.m., AEHL…
Mangal Electricals IPO: Mangal Electrical Industries made a muted debut on the stock exchanges on August 28, listing at nearly 1 per cent below its issue price, despite strong demand during its initial public offering. The Rs 400-crore IPO was subscribed 9.46 times during the offer period from August 19 to 21. The stock opened at…
When it comes to purchasing power parity (PPP), India is likely to become the world’s second-largest economy in PPP terms by 2038, a new report showed on Wednesday. PPP is effectively the ratio of the price of a market basket at one location divided by the price of the basket of goods at a different…