Finance minister Nirmala Sitharaman NEW DELHI: Finance minister Nirmala Sitharaman on Friday described the middle class as the growth engine of India and said nearly 500 cities are poised to emerge as the country’s next centres of economic activity.Participating in a panel discussion on ‘How to promote the rise of a new middle class’ at…
BENGALURU: German software major SAP is tightening hiring, travel and third-party spending as it steps up investments in artificial intelligence, according to an internal email sent to employees.In the email, SAP said the rapid pace of AI adoption is driving significant investments in AI products, strategic acquisitions and the infrastructure needed to support AI workloads….
NEW DELHI: Commerce and industry minister Piyush Goyal on Friday urged states to identify products that are currently imported but can be manufactured competitively in India.He said such efforts would not only reduce import dependence and save foreign exchange but also strengthen domestic supply chains and reduce vulnerabilities arising from excessive dependence on foreign suppliers.This…
Representative image (AP) BENGALURU: HCLTech shares rose nearly 6% on the BSE on Friday after the IT firm announced a $1.1 billion mega deal with a Europe-based Fortune Global 50 enterprise, which people in the know told TOI is Mercedes-Benz. The agreement is among the largest AI-led deals announced by an Indian IT firm this…
BENGALURU: India’s AI data-centre boom is creating an unexpected winner: engineers from mechanical, electrical and industrial backgrounds. As companies race to build energy-intensive AI infrastructure, mechanical, electrical and cooling engineers-roles long overshadowed by software jobs-are back in demand, commanding hefty salaries and opening a new career path for industrial talent.Companies actively hiring span the full…
MUMBAI: Credit growth remained elevated across the banking system on a year-on-year basis for the quarter ended June 2026 with few banks reporting advances growing at double the rate of credit growth. In contrast, the wedge between credit and deposit growth widened with some banks (Bank of Baroda, IDBI and RBL) reporting a dip in…
File photo: US President Donald Trump shakes hands with European Commission President Ursula von der Leyen (Picture credit: Reuters) Trade in goods between the European Union and the United States reached a record €875 billion ($1.00 trillion) last year despite tariffs, but a new study has warned that the headline figures mask significant underlying economic…
The green shoots of nari shakti are now visible in India’s labour and enterprise data. But ASUSE 2025 also tells a more uneven story that women-owned enterprises are not rising uniformly across urban India. Gujarat and Maharashtra cities dominate the top ranks in female-owned proprietary establishments, while several northern cities sit near the bottom.The Indian…
Terminal is inspired by Rajasthan’s royal heritage, featuring arches, domes and design motifs reflecting local culture Prime Minister Narendra Modi on Friday shared images of the new Jodhpur airport terminal, describing it as a major boost for tourism and connectivity ahead of its inauguration on July 4.In a post on X along with the pictures,…
Representative image (Picture credit: AP) India is set to challenge the proposed US tariffs on exports before the US Trade Representative (USTR) next week, arguing that findings related to alleged forced labour are legally flawed and could negatively impact American businesses and consumers.Representatives from the commerce ministry along with industry bodies including APEDA, FICCI, CII…
