Skip to content
Search

Latest Stories

‘India scores high on digitisation,workers keen on reskilling’

Digitisation is the new buzzword for Corporate India as 84 per cent employees in the country said their employer has a digital strategy - one of the highest in the world.

According to the Randstad Workmonitor survey, globally, India scores high on this scale followed by China (81 per cent) and US (73 per cent).


The study conducted online among employees aged 18-65 working a minimum 24 hours a week in a paid job (not self-employed) noted that the staffers are well aware of the challenges that digitisation is likely to bring and agree that they currently perform a lot of repetitive work and/or routine tasks that could be automated.

“Around 87 per cent of the respondents said digitisation requires different skill sets against what is currently available in our workforce,” the survey said, adding that “84 per cent of the respondents believe that they personally need to acquire more digital

skills to guarantee their future employability”.

The respondents are also upbeat about economic and financial conditions of the country.

Around 93 per cent expect the economic situation in India to improve in 2017 while 89 per cent mentioned that their employer performed financially better in 2016 than in 2015.

The survey further noted that the last quarter of 2016 saw the highest actual job switch in India as 47 per cent respondents from the country said they have changed their jobs in the last six months.

This trend is reflected really high within employees in the age group of 25-34 years (57 per cent) followed by 18-24 years (50 per cent) and 35-44 years (46 per cent).

More For You

Anil Agarwal

Vedanta Resources, which is based in the UK and owned by Indian billionaire Anil Agarwal, has been working on reducing its debt. (Photo credit: Getty Images)

Getty Images

Anil Agarwal’s Vedanta Resources signs £438 million refinancing deal

VEDANTA LTD said on Thursday that its parent company, Vedanta Resources, has signed a loan facility agreement worth up to £438 million with international banks to refinance existing debt.

The refinancing move, where old loans are replaced by new ones, often at better terms like lower interest rates, has led ratings agencies such as S&P Global Ratings and Moody's to upgrade their outlook on the company this year.

Keep ReadingShow less
Trump-Getty

Trump said that while deals are being made with some countries, others may face tariffs.

Getty Images

Trump says major trade deal with India may be finalised soon

US PRESIDENT Donald Trump on Friday said a "very big" trade deal could be finalised with India, suggesting significant movement in the ongoing negotiations between the two countries.

“We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India," Trump said at the “Big Beautiful Bill” event at the White House.

Keep ReadingShow less
Asda suffers nearly £600m loss as debt and IT costs surge

Asda co-ownerMohsin Issa. (Photo: Asda)

Asda suffers nearly £600m loss as debt and IT costs surge

ASDA, one of Britain’s largest supermarkets, has reported a pre-tax loss of £599 million for 2024, swinging sharply from a £180 million profit the previous year.

The loss comes despite total sales rising by over £1 billion to £26.8bn, as the retailer faces mounting debt costs, falling sales, and spiralling spending on a major IT overhaul, the Telegraph reported.

Keep ReadingShow less
Mounjaro

Mounjaro, or tirzepatide, is part of a new class of weight-loss medications, with trials showing patients losing an average of 20 per cent of their body weight after 72 weeks.

Reuters

Lilly to sell Mounjaro pens in India as Wegovy enters market

ELI LILLY said on Thursday that it has received approval from India's drug regulator to launch pre-filled injector pens of its weight-loss drug, Mounjaro.

The move gives the company more options to compete with Novo Nordisk, which recently launched its weight-loss drug Wegovy in the country.

Keep ReadingShow less
India-US trade talks collapse over tariff disputes

FILE PHOTO: US president Donald Trump and Indian prime minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, D.C., U.S., February 13, 2025. REUTERS/Kevin Lamarque.

India-US trade talks collapse over tariff disputes

TRADE talks between India and the US have hit a roadblock over disagreements on import duties for auto components, steel and farm goods, Indian officials with direct knowledge said, dashing hopes of reaching a deal ahead of president Donald Trump's July 9 deadline to impose reciprocal tariffs.

The deadlock marks a sharp shift from earlier optimism, following Trump's claim that New Delhi had proposed a "no tariffs" agreement for American goods, and officials from both sides suggesting India could be among the first countries to strike a deal on the new US tariffs.

Keep ReadingShow less