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Top News / The Economic Times

How Software and IT Jobs are disappearing in favour of AI and what is going to fill that vacuum

AI and technology advancements threaten 400 million jobs globally, impacting India's IT sector. Addressing rising unemployment requires skill evolution and innovative educational approaches to prepare for the future workforce demands.

27 Apr 2024 10:54 am
How Account Aggregator can help digital lenders improve collections

Digital processes like loan monitoring, customer segmentation, and communication are being developed and improved to enhance the debt recovery efforts of digital lenders.

27 Apr 2024 10:52 am
Govt's hypocrisy knows no bounds: Cong slams Centre for seeking 'modification' in 2G case verdict

Congress criticizes BJP's double standards on 2G spectrum, accusing Modi government of seeking SC approval for non-auction allocation after condemning UPA's administrative allocation as a scam.

27 Apr 2024 10:50 am
Block deals worth over Rs 12,045 crore this week. Kotak Bank, Vodafone Idea among stocks with major action

In the large cap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 6,046 crore led by Kotak Mahindra Bank with 29 block counts, totalling to Rs 1,310 crore.

27 Apr 2024 10:49 am
ET Mutual Funds Explains: How STPs can maximise your portfolio return?

STP facility staggers the investment over a period of time and also helps maintain a balance of risk and return. The first scheme that is considered for lumpsum investment is called source scheme and the scheme to which the amount is transferred is called destination scheme.

27 Apr 2024 10:44 am
Madras HC orders RBI to conduct comprehensive asset valuations for DBS and Lakshmi Vilas Bank

Madras High Court has directed RBI to reevaluate DBS Bank India and LVB pre-amalgamation, influencing share value/write-off decisions within four months, in response to bondholders' suit, highlighting transparency and fairness for stakeholders.

27 Apr 2024 10:42 am
View: For Tesla, India can perhaps wait for now

Elon Musk, the charismatic CEO of Tesla, will need to get a whole lot of things in order at the company before deciding to invest in India. Till then, the country will be happy to keep its doors open for him even while all the action in electric is happening in China. This is irrelevant to India where there is no love lost with China and Tesla is assured VIP status here.

27 Apr 2024 10:27 am
BJP's Dilip Ghosh faces crucial battle for political survival in Bardhaman-Durgapur seat

BJP's Dilip Ghosh faces tough competition in Bardhaman-Durgapur against TMC's Kirti Azad and Left-Congress' Sukriti Ghoshal, highlighting the battle for political survival and the influence of Bengali sub-nationalism.

27 Apr 2024 10:26 am
DC vs MI Pitch IPL 2024: Delhi Capitals gear up to face Mumbai Indians in crucial IPL clash

DC takes on MI in a crucial IPL match for playoffs. Rishabh Pant, Jake Fraser-McGurk, David Warner key for DC. MI looks to Rohit Sharma, Bumrah, Tristan Stubbs, and Axar Patel for a strong performance.

27 Apr 2024 10:20 am
Archery WC: India bag three gold medals

Underlining their supremacy in non-Olympic compound archery, India grabbed a hat-trick of gold medals to make a clean sweep of team events at the ongoing World Cup Stage 1 in Shanghai on Saturday. India's Jyothi Surekha Vennam, Aditi Swami and Parneet Kaur dropped just four points to trounce Italy 236-225 in the women's compound team event to open their account with a gold in the season-opening global showpiece. The men's team of Abhishek Verma, Priyansh and Prathamesh Fuge went one step better

27 Apr 2024 10:19 am
NRIs return home, line up for love of vote

Expatriates from the UAE, including Anwar Naha, returned to Kerala to vote, with chartered flights organized by KMCC. NRIs from various countries made efforts to vote in the Lok Sabha elections, some traveling to coastal states like Kerala and Karnataka, while others returned to Meerut in the north. Expatriates' participation, especially via chartered flights, drew attention in Kerala, while NRIs in Mangaluru and Bengaluru also prioritized voting. Harsha DM and Spoorthi CS flew from Sydney to ca

27 Apr 2024 10:16 am
SAIL, IRFC among 46 stocks with double digit returns this week. SPARC, 82 others deliver negative returns

Notwithstanding high volatility over the week, the BSE 500 index outperformed the headline BSE S&P Sensex with the latter gaining 0.90% (642 points) on a weekly basis.

27 Apr 2024 10:14 am
GAT-B, BET 2024 answer keys released: Direct link, process, and how to raise objections

NTA released GAT-B, BET 2024 answer keys. Dispute by April 28, pay Rs 200/question. Evaluate for DBT-JRF, research. Entry point for postgraduate program admissions.

27 Apr 2024 9:54 am
China's first-quarter industrial profits rise at slower pace

The jump was slower than a 10.2% rise in the first two months, National Bureau of Statistics (NBS) data showed.

27 Apr 2024 9:48 am
US inflation increases moderately; consumer spending boosts Q2 outlook

The report from the Commerce Department on Friday, which also showed strong consumer spending last month, offered some relief to financial markets spooked by worries of stagflation after data on Thursday showed inflation surging and economic growth slowing in the first quarter.

27 Apr 2024 9:46 am
HUDCO among top 3 stock ideas for the week: Kunal Shah

The current market sentiment reflects strong bullish momentum, with aggressive buying seen on dips, indicating dominant buyer activity.

27 Apr 2024 9:34 am
KKR vs PBKS IPL Match: All records broken in Punjab Kings vs Kolkata Knight Riders match

The high-octane clash between Punjab Kings (PBKS) and Kolkata Knight Riders (KKR) on Friday witnessed a historic chase that will be etched in the annals of men's T20 cricket. KKR posted a formidable total of 261/6, powered by a scintillating 138-run opening stand between Phil Salt (75 off 37 balls) and Sunil Narine (71 off 32 balls). Punjab Kings made T20 history by defeating Kolkata Knight Riders with a record chase.

27 Apr 2024 9:32 am
India's culture and tradition are not of America: Shivraj Chouhan on Sam Pitroda's remarks

Shivraj Singh Chouhan condemns Sam Pitroda's comparison of India with America on inheritance tax, criticizes Congress for proposed policies like inheritance tax and caste-based census, highlighting the importance of preserving Indian values and traditions.

27 Apr 2024 9:14 am
Uttar Pradesh students write 'Jai Shri Ram', names of cricketers in exam; get 50 per cent marks

Four students from VBSP University in Jaunpur, UP, received 50% marks in a DPharma exam for writing 'Jai Shri Ram' and cricketers' names. An RTI application exposed the incident, leading to an investigation and recommendation for teachers' dismissal.

27 Apr 2024 8:54 am
US chip bans not meant to hobble China's growth, Blinken says

Since 2022, US officials have imposed sweeping controls on which computing chips can be exported to China, cutting off some sales from Nvidia, Advanced Micro Devices and Intel, among others. Those controls followed earlier bans on shipping chips to Huawei Technologies.

27 Apr 2024 8:38 am
Apple renews talks with OpenAI for iPhone generative AI features: report

The companies have begun discussing terms of a potential agreement and how OpenAI features would be integrated into Apple's next iPhone operating system, iOS 18, the report said, citing people familiar with the matter.

27 Apr 2024 8:35 am
Archery World Cup: India women's compound team wins gold

India's female archery team from Shanghai secured their first gold at the Archery World Cup Stage 1 by defeating Italy 236-225, with a significant lead and an 11-point margin to claim victory.

27 Apr 2024 8:21 am
US regulators seize troubled lender Republic First, sell it to Fulton Bank

Regulators seized Republic First Bancorp, selling to Fulton Bank via FDIC. Challenges for regional banks post-collapse of Silicon Valley, Signature, and First Republic. 32 branches in NJ, PA, NY to reopen as Fulton Bank.

27 Apr 2024 7:54 am
Motilal Oswal net profit soars, to issue bonus shares

The company's revenue from operations soared by 108% to 2,141.3 crore from 1,027.4 crore in the previous year. For FY24, the company posted a consolidated net profit of 2,446 crore, reflecting a 161% growth over the previous fiscal year. The board has approved the issuance of three bonus shares for every one share.

27 Apr 2024 7:54 am
Aditya Birla AMC PAT up 48% at Rs 267.6 crore

Revenue from operations rose 23% to 365.6.5 crore during the quarter from 297 crore last year. Operating profit rose 30% to 193.2 crore in this period as against 148.8.8 crore in the previous year. Aditya Birla Sun Life shares declined 0.87% to 555 on Friday. The stock has gained 64% in the last one year

27 Apr 2024 7:50 am
Pecker admits killing affair story at Trump trial

NEW YORK: Former National Enquirer publisher David Pecker testified on Friday at Donald Trump's criminal trial that he suppressed a story about an alleged affair to help Trump's 2016 presidential bid, even though it would have boosted sales of his tabloid. Testifying for a third day, Pecker, 72, agreed with a prosecutor who asked whether it would have been National Enquirer gold to publish the story of former Playboy model Karen McDougal's claim that she had an affair with Trump in 2006 and 2007

27 Apr 2024 7:29 am
'I can't breathe': Black man in Ohio tells police before he died, video shows

Frank Tyson's death at the hands of Canton Police echoes George Floyd's case. Officers Schoenegge and Burch are on leave. The incident, captured on video, led to CPR attempts. The Ohio Bureau of Criminal Investigation is now involved in the case.

27 Apr 2024 7:25 am
Sandeshkhali heading towards dangerous phase: Sukanta Majumdar as CBI recovers arms from Shahjahan's stronghold

CBI recovered foreign-made arms in Sandeshkhali, West Bengal, leading to concerns raised by BJP Chief Sukanta Majumdar. He called for a thorough investigation by NIA and criticized the Trinamool Congress and the West Bengal Police.

27 Apr 2024 7:11 am
26 officials suspended, around 1,700 voters boycott polling in East Tripura: Chief Election Officer

In East Tripura, the parliamentary constituency saw a 79.66% voter turnout across 1,664 polling stations, with efforts to address boycotts and ensure peaceful polling. Officials suspended for conduct violations, while innovative communication methods were employed for connectivity.

27 Apr 2024 6:59 am
Startup twists & turns on IPO street; and other top tech and startup stories this week

Food and grocery delivery company Swiggy on Friday confidentially filed its draft documents for an initial public offering (IPO) with stock market regulator Securities and Exchange Board of India (Sebi), sources told us.

27 Apr 2024 6:55 am
Pasteurized milk 'safe' from bird flu: US officials

Health authorities ensure US store milk safety from bird flu. FDA found viral fragments in retail milk samples. HPAI impacted dairy cattle herds and one human. No human transmission or virus mutation detected.

27 Apr 2024 6:45 am
China seeks to influence and arguably interfere upcoming US elections: Antony Blinken

Blinken made the comments in an interview with CNN on Friday while ending his visit to China, where the top American diplomat spent hours meeting with top Chinese officials, including Xi, as the two countries navigated a raft of contentious issues, from US tech controls to Beijing's support for Moscow.

27 Apr 2024 6:39 am
Latin American Music Awards 2024 date, schedule: How to watch, performers, hosts

Latin American Music Awards 2024 is going to be one of the most gala events of the month. According to reports, the AMA has also declared the host of this gala night will be Becky G, according to reports.

27 Apr 2024 2:27 am
'Call Me Country: Beyonce and Nashvilles Renaissance' release date: Where to watch online?

Call Me Country: Beyonce and Nashvilles Renaissance is all about Beyonce and her latest albums. The documentary is about country music and related genre.

27 Apr 2024 2:21 am
Monkey Man to Anyone But You: Full list of new movies to watch online, OTT

New movies and films are here to watch online and OTT streaming platform for viewers.

27 Apr 2024 1:58 am
Rebel Wilson's memoir faces censorship: Allegations of Misconduct against Sacha Baron Cohen dropped

The UK edition of Rebel Wilsons memoir will not carry content pertaining to alleged workplace misconduct by co-star Sacha Baron Cohen.

27 Apr 2024 1:41 am
Rafael Nadal wishes he could play long enough for his son to remember him on court

Rafael Nadal said he would love to keep playing long enough for his son to remember him on court, though the 22-time Grand Slam champion concedes time is not on his side. The 37-year-old Spaniard, who has said he expects to retire after the 2024 season, returned to competition in Brisbane in January after almost a year sidelined with a hip flexor injury.

27 Apr 2024 1:00 am
In Sabarkantha, it's Congress versus former Congress leader's wife

The fight here is between Congress' Tushar Chaudhary, son of former Gujarat chief minister Amarsinh Chaudhary and a former Union minister of state and the BJP's Shobhna Baraiya, wife of former Prantij MLA Mahendrasinh Baraiya, who joined the BJP from the Congress in 2022. The BJP had first fielded Bhikaji Damor, but replaced him with Baraiya following a controversy over his caste identity.

27 Apr 2024 12:59 am
WWE Draft 2024 Smackdown: Predictions, full list of superstars

WWE Draft 2024 for Smackdown is all set to take place on Friday night. Friday Smackdown of WWE will enable brands to pick super stars from a curated list.

27 Apr 2024 12:51 am
ATC Telecom Infra sells 2.8% stake in Voda Idea for 1,840 crore

ATC Telecom Infrastructure sold a 2.8% stake to Vodafone Idea, worth 1,840 crore, in an open market transaction. Citigroup Global bought shares worth 611 crore, with other buyers remaining unknown. Last month, ATC converted debentures allotted by Vodafone Idea into equity, and in January 2024, Canada's Brookfield acquired ATC's India unit in a $2.5 billion deal. Vi recently raised 18,000 crore through a follow-on public offer, priced at 10-11 per share.

27 Apr 2024 12:51 am
Commercial paper issuances touch a 4-year high of Rs 1.2 lakh crore

CP issuances are still not as high as 2018 levels when they touched 3.1 lakh crore in July-September, as NBFCs look for other funding avenues like securitisation, where volumes peaked in FY24 at 1.9 lakh crore. CPs are short-term, unsecured debt instruments issued by corporates.

27 Apr 2024 12:49 am
Latest version of made-in-China chip powers new Huawei phone

The Pura 70 series Huawei unveiled last week sports the Kirin 9010 processor, consultancy TechInsights found in a teardown of the device. That's a newer version of the Kirin 9000s made by Semiconductor Manufacturing International Corp. for the Mate 60 Pro, which alarmed officials in Washington who thought a 7-nanometer chip beyond China's capabilities.

27 Apr 2024 12:48 am
Non-compete clauses: Unenforceable under law, but companies love them

While Indian law is clear on the unenforceability of a non-compete clause operating beyond the term of employment, companies still include it in contracts, particularly for senior executives, as its seen as a soft deterrent, said Jay Parikh, partner at Luthra and Luthra Law Offices. Employees would rather comply than bear litigation costs and carry the burden of being sued by their previous employer.

27 Apr 2024 12:41 am
Lending service providers may have to provide digital view of all offers: RBI

The Reserve Bank of India (RBI) is considering new rules for digital lending, aiming to enhance transparency. The proposed guidelines would require lending service providers (LSPs) to digitally share all available loan offers from willing lenders with borrowers. This move aims to empower borrowers by providing a clear view of their loan options, including details like lender names, loan amounts, interest rates, and key terms. The RBI also emphasizes the need for unbiased content, prohibiting LSP

27 Apr 2024 12:41 am
CBI seizes huge cache of arms in Sandeshkhali

During investigation of the ED attack case, information was received that the items lost by the ED team and other incriminating articles may be hidden at the residence of an associate of Sheikh at Sandeshkhali. Accordingly, the CBI team along with CRPF personnel searched two premises at Sandeshkhali village today, the central agency said in a statement.

27 Apr 2024 12:40 am