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SERVICE SECTOR
The human advantage behind Huron’s growth in IndiaHuron has seen remarkable growth in its India team since 2020, surpassing 4,100 professionals. This advancement signals a deliberate transi...- AI reshapes India's IT services sector contracts as clients demand more for lessOutsourcing giants like Tata Consultancy Services, Infosys, Wipro, HCLTech and Cognizant are rejigging business models, increasingly tying ...
- India's August private sector growth recovers slightly from over four-year low, PMI showsAugust marked a subtle rise in India's private sector activity, propelled by a rebound in services growth that countered the slowest factor...
- FIIs pour Rs 6,535 crore into Indian financial stocks. What else are they buying this month?This month, foreign investors have significantly channeled capital into Indian financial stocks, while also increasing their investments in...
- AI reshapes India's IT services sector contracts as clients demand more for lessIndustry executives also say they are losing some work entirely as customers use AI to shift tasks in-house, while all the uncertainty that...
- FPIs turn bullish on financials, autos and IT in first half of AugustOverseas investors showed strong buying in early August, marking four consecutive fortnights of inflows. Financial services and automobiles...
- Raghuram Rajan pitches AI tax idea for govt coffers amid ‘jobocalypse’ fearsRaghuram Rajan proposes taxing artificial intelligence usage by corporations. This tax aims to offset the financial advantage machines curr...
- The 20 reforms that could take India to a $20 trillion economy by 2036: ReportIndia could reach a $20 trillion economy by 2036 with broad reforms. A 20-point agenda covers infrastructure, capital markets, and human ca...
- LIC gets RBI nod to raise stake in HDFC Bank to nearly 10% from 4.11%Life Insurance Corporation of India received approval from the Reserve Bank of India. This allows LIC to increase its stake in HDFC Bank to...
- ICRA estimates India's GDP growth at four-quarter low of 7 per cent in April-JuneIndia's GDP growth forecast stands at seven percent for the April-June quarter, marking a four-quarter low and a slowdown from prior growth...
- NITI Aayog proposes regulatory reforms to boost India's professional services exportsRegulatory reforms can unlock India's professional services export potential, according to NITI Aayog. Professional services are a key part...
- Finance ministry asks ministries to move from WPI to PPI in future contractsThe finance ministry has asked ministries and departments to adopt the Producer Price Index (PPI) instead of the Wholesale Price Index (WPI...
- India could reach $20 trillion by 2036 with 14.2% rupee growth: EquirusIndia could reach a $20 trillion economy by 2036 with reforms. This requires sustained rupee growth and appreciation, according to a resear...
- India's engineering services exports surge nearly eightfold to USD 13.8 billion in a decade: NITI AayogIndia's engineering services exports have experienced impressive growth, climbing to USD 13.77 billion in 2024-25, showcasing a dramatic in...
- India less exposed to AI job risks than others, Goldman saysIndia's large workforce performing physical tasks faces minimal AI job losses. Services sector roles may see some substitution risks, impac...
- BofA to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unitBank of America is making headlines with its planned acquisition of a substantial 26.5 percent interest in Jio Credit. This deal, involving...
- Security, facility management sector may grow 9-10% this fiscal: Crisil RatingsIndia’s organised security and facility management sector is projected to grow 9-10% this fiscal, after 15% annual growth during FY23-FY26,...
- TRAI directs use of 1601-series for service, transactional calls by utilities, logistics cosTRAI mandates a new 1601 number series for transactional calls by other sectors. This initiative aims to separate these calls from sensitiv...
- US service sector maintains strong growth pace in JulyThe Institute for Supply Management said on Wednesday its nonmanufacturing purchasing managers index inched up to 54.1 last month from 54.0...
- India's July services sector growth slides to over four-year low as demand wilts: PMIIndia's services sector growth slowed significantly in July, reaching its weakest pace in over four years. New business expansion was moder...
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