BENGALURU: The IT industry is undergoing one of its deepest structural shifts in decades as AI reshapes talent needs across the delivery chain. The traditional pyramid model with large teams of junior coders supervised by layers of managers-is giving way to a capability-dense, AI-augmented structure. “The shift is from coding depth to problem framing,” said…
Global stocks on Monday were dragged down by losses on Wall Street and European equities as fresh uncertainty around tariffs intensified after US President Donald Trump announced new levies following a US Supreme Court ruling last week.Wall Street’s main indexes slid, with software and financials being the biggest drags on the benchmarks. Citigroup was down…
MUMBAI: On a day its stock slid 16%, IDFC First Bank said it will remain profitable despite a Rs 590-crore hit from fraudulent transactions in Haryana govt-linked accounts, traced to employee collusion at its Chandigarh branch. On a conference call, the bank’s CEO V Vaidyanathan said the bank has appointed KPMG for a forensic audit…
The Citrini Research’s “The 2028 Global Intelligence Crisis” has gone viral, giving deep insights into thematic equity and global macro markets by using cross-asset, lateral thinking.In this different 2028, AI doesn’t just help people do their jobs; it takes them over completely. Citrini Research highlights a move away from the basic hardware race toward “Phase…
With appraisal season around the corner, conversations about pay hikes, promotions and performance rewards are returning to office corridors as companies reassess compensation strategies.Companies are preparing to roll out an average salary hike of 9.1 per cent in 2026, signalling a shift towards skills-based pay structures rather than uniform annual increments, according to a report,…
Traffic jam in Delhi Mumbai expressway (Photo credit -PTI) More than one lakh motorists stranded during a massive traffic gridlock on the Mumbai-Pune Expressway earlier this month will receive toll refunds worth Rs 5.16 crore, after authorities decided to return charges deducted despite suspension orders.The disruption followed a gas tanker accident on February 3 on…
Cryptocurrency Bitcoin slid on Monday, extending losses amid broader market unease and a pullback from risk-heavy assets. The world’s largest cryptocurrency fell around 2 per cent in volatile trading, at one point tumbling as much as 5 per cent to dip below US$65,000 before trimming part of the decline. The move pressured crypto-linked equities, with…
Union finance minister Nirmala Sitharaman on Monday explained the reason behind the rise in gold prices and assured that the government is closely monitoring the hikes. After the customary post-Budget meeting with the Central Board of Directors of the Reserve Bank of India, she said, “Most countries today, particularly their central banks, are buying gold…
IDFC First bank has filed police complaints, informed regulators and statutory auditors, and begun recovery measures. The Reserve Bank of India (RBI) on Monday reacted to the IDFC First Bank fraud case that came to light over the weekend. “We are watching the development, there is no systemic issue,” RBI governor Sanjay Malhotra said.The Rs…
Asian markets inched higher on Monday after the US Supreme Court invalidated a major part of President Donald Trump’s tariff framework, a policy that had shaken the global economy since last year. Hong Kong’s HSI climbed more than 2% or 579 points reaching 26,992 with ecommerce heavyweights Alibaba and JD.com each jumping over three percent….
