MUMBAI: The Indian Global Capability Center (GCC) of Deutsche Bank is betting on a startup-style approach to accelerate AI adoption, with its in-house incubator at Deutsche India Pvt Ltd (DIPL) drawing 100 ideas within its first 100 days, reflecting what its leadership describes as an unusually high openness to technological change among the local workforce.Stefan…
BENGALURU: India’s e-commerce and quick commerce sector is hiring again, but the playbook has changed. Talent demand rose 35% between 2023 and 2025 to nearly 98,750 roles, even as companies shifted from expansion-led hiring to building technology capability and execution strength, according to a CIEL HR report.The sharpest shift is in technology hiring. Demand for…
NEW DELHI: Jindal Steel International is seeking clarity from German authorities, with the proposed deal to acquire Thyssenkrupp Steel facing delays over pension-related issues, persons aware of the matter said. The talks remain active and the deal has not been abandoned, though certain legal and operational matters are yet to be resolved. Pension liabilities remain…
Russian President Vladimir Putin. (AP photo) Russia’s energy revenues are surging as the Iran war rattles global oil markets, with Vladimir Putin estimated to be earning at least $760 million a day from oil and gas exports.According to the Kyiv School of Economics (KSE) Institute, monthly revenues could nearly double from about $12 billion to…
NEW DELHI: With Climate action gaining momentum as part of India’s net-zero commitment by 2070, the country’s carbon market is beginning to take shape and gain momentum. Homegrown institutions such as the Carbon Registry of India (CRI) are emerging as important enablers for the voluntary carbon market offering platforms to register and track carbon projects,…
India on Thursday urged members of the World Trade Organisation (WTO) to restore a fully functional dispute settlement system, saying the current mechanism has deprived countries of effective redressal, PTI reported.Speaking on the opening day of the WTO’s 14th ministerial conference (MC14) in Yaounde, Cameroon, commerce and industry minister Piyush Goyal stressed the need to…
Borrowing costs for homebuyers in the US rose further this week, with the average long-term mortgage rate reaching its highest level in more than six months and adding pressure during the peak spring housing season.Mortgage buyer Freddie Mac said the benchmark 30-year fixed mortgage rate increased to 6.38% from 6.22% a week earlier. The rate…
NEW DELHI: With the big Gulf carriers operating a fraction of their schedules, foreign airlines are expanding their India flights to meet the increased demand for options to the likes of Emirates, Qatar Airways and Etihad. SWISS will operate a second daily light between between Delhi and Zurich from April 1 to May 31, 2026….
The escalation of the Middle East conflict could push US inflation to 4.2% this year–the highest among G7 economies– while also slowing global growth, the Organisation for Economic Cooperation and Development (OECD) has said, underlining the widening economic costs of the US-Israel war with Iran, the Financial Times reported.In its interim economic outlook, the Paris-based…
Historically, India’s highest monthly purchases of Russian crude have been around 2.0-2.1 Mbd since the Russia-Ukraine war began in 2022. (AI image) Russian crude has emerged as a major player amid the US-Iran war – global crude oil supply is badly affected via the Strait of Hormuz, Middle East countries are finding it difficult to…
