India’s power demand is projected to grow by 6.0–6.5 per cent annually over the next five years, driven by accelerating electric vehicle (EV) adoption, rapid expansion of data centres, and the development of green hydrogen projects, according to ICRA.“These three segments are expected to contribute to 20–25 per cent of the incremental demand over the…
MUMBAI: RBI has acknowledged that government’s ownership of public sector banks makes its risk management job easier. In its latest economic capital framework report, RBI notes that such ownership has “demonstrably reduced the potential losses” it might face when offering emergency liquidity assistance (ELA), warranting lower capital buffers for these entities.In other words, govt-owned lenders…
NEW DELHI: The Congress on Friday confirmed it will participate in the government’s proposed multi-party parliamentary delegations to several countries to explain India’s stand on terrorism from Pakistan. While the government has not officially announced the plan, Congress general secretary in-charge communications Jairam Ramesh told PTI that Union minister Kiren Rijiju had spoken to the…
NEW DELHI: Centre’s announcement to include caste enumeration in the upcoming general census has triggered a war of words, with both the ruling BJP and opposition parties scrambling to claim credit for the decision.Union minister Ashwini Vaishnaw announced on Wednesday that the Cabinet Committee on Political Affairs has approved the inclusion of caste enumeration in…
NEW DELHI: Caste census, which has been a key demand of several opposition parties in the last many elections, will finally be a reality with the Centre on Wednesday announcing nationwide caste count along with the next population census.The government, which had till now strongly resisted opposition demands for a caste census, justified its U-turn,…
HYDERABAD: India’s mid-market GCCs (global capability centres) are experiencing a surge, outshining their peers by unlocking new opportunities. This growth is creating a flywheel effect, allowing them to leverage a diverse talent pool. India has over 480 mid-market GCCs, with 2.1 lakh employees, as shown in a Nasscom-Zinnov report. Mid-market GCCs are capability centres set…
KEAM 2025 exam centres cancelled in Bahrain and Hyderabad; registration fee deadline extended KEAM 2025: The Commissioner for Entrance Examinations (CEE) Kerala has announced the cancellation of the KEAM 2025 exam centres in Bahrain and Hyderabad due to an insufficient number of applications. This change will affect candidates who had chosen these centres as their…
BENGALURU: Global capability centres are increasingly recruiting talent from IT services companies, with approximately half their workforce now sourced directly from these firms. Data from HR consultancy Xpheno indicates that GCCs have modified their recruitment approach, incorporating both experienced professionals and fresh graduates.Recent statistics reveal GCCs now source 45-48% of their workforce from IT firms,…
“Approach will be guided by India First,” Piyush Goyal on his meeting with US Trade representative NEW DELHI: Commerce Minister Piyush Goyal on Friday called his discussion with US Trade Representative Jamieson Greer a “forward-looking” step toward a mutually beneficial bilateral trade agreement, setting the stage for a major economic shift between the two nations.Goyal,…
NEW DELHI: The second batch of 266 people were airlifted back to India after being rescued from scam call centres in South East Asia. In a social media post on X, ministry of external affairs spokesperson Randhir Jaiswal said that Indian Embassies worked with Myanmar & Thailand governments to secure their release & facilitate their…