NASSCOM SECTOR SKILL COUNCIL
PM Narendra Modi lays foundation stone for ASIP's Rs 2,500 crore semiconductor plant in Andhra Pradesh
Prime Minister Narendra Modi virtually laid the foundation stone for ASIP Technologies' semiconductor facility. This marks Andhra Pradesh's and South India's first semiconductor manufacturing project under the India Semiconductor Mission. The 30-acre Outsourced Semiconductor Assembly and Test facility will be developed with a planned investment of Rs 2,500 crore. The plant will initially manufacture chips using wire-bond and Flip-Chip Ball Grid Array packaging technologies.
AI application experts in high demand as companies pursue efficiency, customer focus
Indian companies now prioritize engineers applying AI to solve customer issues. Demand for agentic and forward-deployed AI engineers has significantly increased. Firms are leveraging AI for both customer-facing solutions and internal process improvements. Companies are also developing workforce capabilities in digital and AI technologies. This shift reflects a growing need for talent bridging technology and business impact.
Deposit rates rise as banks fight for funds
Banks increased fresh term deposit rates in June, led by private lenders. The average domestic term deposit rate rose to 5.99% for scheduled commercial banks. Private banks saw a significant 27 basis point increase in their deposit rates. Public sector banks also raised rates by 7 basis points. Their average deposit rate remained higher than private sector offerings.
Russian proverb of the day: 'If there's a brain, there'll be a ruble' — A timeless lesson on why knowledge creates wealth
A Russian proverb highlights that intelligence and practical wisdom lead to financial rewards. This saying remains relevant today as continuous learning opens new opportunities. Success often begins with knowledge and problem-solving abilities, not just wealth. Intelligence encompasses practical wisdom and emotional skills, not just academics. Knowledge is a lasting asset which cannot be taken away from individuals.
Manipur: Three communities travel together to meet CM in first since 2023 violence
Representatives of the Unified Zou Organisation (UZO), Zomi Chief Association (ZCA) and the Zomi Council (ZC) today called on Singh at the Chief Minister’s Secretariat, Babupara, where the Chief Minister along with MLA Tongbram Robindro extended a warm welcome to the delegation.
Housing ministry issues advisory to State RERAs to give project extension due to West Asia crisis
The Ministry of Housing has advised State RERAs to grant developers a four-month extension. This advisory addresses disruptions in global supply chains and material shortages. The extension applies to projects with completion dates on or after February 28, 2026. This move aims to provide relief to developers and protect homebuyers' interests. Uniform implementation across states will ensure project momentum and timely deliveries.
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New insurance norms for hospital admission: 'Unnecessary hospitalisation' won't be allowed; doctors fear genuine mediclaims may be denied
New insurance norms for hospital admission issued by the General Insurance Council advise that patients with uncomplicated fever be treated on an outpatient basis rather than admitted. While the council calls it advisory, doctors and nursing home owners fear insurers will use the guidelines to deny legitimate cashless claims, particularly at smaller hospitals.
Goldman Sachs Asset Management launches AI investment platform: Report
Goldman Sachs Asset Management has launched AlphaAI, an artificial intelligence investment platform. Lou D'Ambrosio will lead this new platform as chairman of Artificial Intelligence. This platform aims to generate returns from the rapidly evolving AI technology space.
Warren Buffett's way to distinguish a great investor from a lucky one. Which one are you?
In a bull market, everyone looks like a genius. Warren Buffett, having just booked what he believed was the largest one-year gain any American business had ever made, refused to take the bow. He told his shareholders a big part of it was pure luck. And then spent the rest of the letter teaching the single skill that matters most to an investor: How to tell whether a result came from ability or from a rising tide. The answer separates the managers you should trust from the ones you should flee, and the businesses that last from the ones that will die.
Cupid increases investment by $5 million in GII’s Healthcare-focused platform
Cupid Ltd has made an additional $5 million investment in GII’s healthcare-focused investment platform, funded through internal accruals. The company said the follow-on investment was made at an attractive valuation to deepen its exposure to the platform’s growth but did not disclose its post-investment stake.
Bill to provide statutory framework to Indian Statistical Institute up for introduction in Lok Sabha
A new bill will soon be introduced in the Lok Sabha to update the Indian Statistical Institute's legal framework. This legislation aims to strengthen governance and promote academic excellence in statistical sciences. The proposed bill will incorporate the institute as a body corporate for better administration. It seeks to train a new generation of data scientists and statisticians for India.
ET Prime Special Series: Multibagger or IBC - Part 69: Can new businesses bridge the gap before EVs reshape the core?
This old auto ancillary manufacturer has integrated plants, a long operating history, and stable group ownership. FY26 brought higher revenue, more exports, and a new source of engineering income. Yet the financial mix contains a warning. Profitability in the established business fell even as its revenue increased. The newer engineering activity accounted for a large part of segment profit, while a planned EV-linked business is at a nascent stage. The question: Can diversification become repeatable operating profit rather than an occasional boost?
Naga village guard killed, 2 CoBRA jawans injured in clash during Manipur operation
A Naga village guard died and another was hurt during a clash with CRPF CoBRA forces. Two CoBRA jawans also sustained injuries in the incident which occurred in Bitiang Village. Security forces conducted a raid on an illegal Naga Volunteer Group training camp in Noney district. Heavy firing erupted after armed village volunteers opened fire on the approaching security forces.
Only 9% of corporates say fresh college graduates are job-ready on Day 1, while 68% of students believe they are: HirePro Report
Indian companies report fresh graduates lack essential skills for immediate contribution. Many corporations still prioritize academic scores over practical abilities. Colleges perceive a skills-first approach which companies have not fully adopted. Students and employers prepare for different hiring criteria, creating a perception gap. Corporates now seek entrepreneurial mindsets, indicating a shift in hiring priorities.
Unilever agrees two-year worker protection after $65 billion McCormick merger, memo shows
Unilever will protect European and British food business jobs for two years. This guarantee follows the planned merger with U.S. spice maker McCormick. The agreement locks in terms until at least mid-2029 for employees. This protection exceeds typical legislative requirements for such deals. Unilever continues constructive engagement with works councils regarding these commitments.
Gen-AI to boost India's labour productivity by 0.4 percentage points annually over next decade: Goldman Sachs
Over the next decade, generative AI is poised to significantly enhance India's labour productivity, particularly in knowledge-driven sectors such as healthcare and education where improvements are set to be most notable. By automating routine tasks, workers can focus on more value-added activities. Although manufacturing and construction are likely to see lesser benefits, the overall success hinges on crucial investments in digital infrastructure and technology.
United Nations Security Council to hold informal polls for new UN chief from Thursday
The UN Security Council will hold initial straw polls for seven candidates. These informal votes assess support for the next UN Secretary-General. The process aims to select a successor for Antonio Guterres. Multiple rounds of polling may continue through the summer months. A consensus candidate will eventually be recommended to the General Assembly.
India urges de-escalation in West Asia, condemns Strait of Hormuz attacks
India voiced deep concern over escalating West Asian hostilities and maritime attacks. The nation strongly condemned recent attacks on vessels transiting the Strait of Hormuz. India called for an immediate de-escalation of tensions and unimpeded navigation. The country also highlighted the humanitarian crisis in Gaza and the situation in Yemen. India advocates for a sovereign Palestinian state living peacefully alongside Israel.
India questions delay as UN Security Council reform talks enter 18th year
UN Security Council reform talks have stalled after seventeen rounds of discussions. India's envoy expressed disappointment over the lack of concrete progress and delays. The negotiations will continue into the next UN General Assembly session. India advocates for expanding both permanent and non-permanent UNSC membership categories. This reform is crucial for a more representative and effective United Nations.
India's AI boom is rewarding engineers more than coders
India's AI and manufacturing push is reshaping job market, with engineers, technical support professionals and infrastructure roles seeing stronger salary growth than software developers, according to TeamLease. Backed by govt investments in semiconductors, electronics and EVs, the country's next wage boom appears increasingly tied to building and running AI infra.
PM Modi chairs second high-level meeting with Secretaries, reviews agenda for Viksit Bharat
Prime Minister Narendra Modi chaired a high-level meeting reviewing future action agendas. Discussions focused on finance, commerce, and technology sectors for Viksit Bharat goals. The Prime Minister urged stronger coordination among government departments and ministries. Officers were encouraged to work with a shared purpose for integrated outcomes. This meeting reviewed key initiatives and implementation challenges across these vital areas.
Government sets up India Digital Payment Intelligence Corp to contain cyber frauds
India Digital Payment Intelligence Corporation has been established to combat cyber financial frauds. This new entity will share real-time fraud intelligence and alerts with financial institutions. The government is strengthening cybersecurity measures for financial institutions across the country. CERT-In has set up a National Cyber Coordination Centre for threat monitoring. A nodal Computer Security Incident Response Team for the financial sector is also operational.
Education Ministry’s 2025 notes to states flagged learning-jobs gaps
The Education Ministry's latest data highlights deep structural challenges in India's education and employment landscape, with nearly three-fourths of the workforce having only basic education, employability among youth remaining below 55% and formal skilling limited, underscoring concerns that extend beyond the recent NEET-UG paper leak protests.
Google Apprenticeship Program 2027: No guaranteed job offer, open to career changers and non-freshers; Google executive explains eligibility
Google Apprenticeship Program 2027: Google's India Apprenticeship Program applications are now open for 2027. The initiative does not guarantee a permanent job after completion. Apprentices gain transferable skills for the wider technology sector. The program welcomes applicants from diverse backgrounds and age groups. Career changers and those with limited experience are also encouraged to apply.
Govt sets up task force for toy sector; to boost manufacturing, global share
A new task force will identify ways to increase India's toy market share. The goal is to reach five percent of the global market by 2032. This initiative aims to strengthen manufacturing and integrate with global value chains. It will also focus on resolving bottlenecks and enhancing ease of doing business. Industry stakeholders are urged to build a complete domestic manufacturing ecosystem.
Hawelia Group becomes founding member of Indian Green Building Council
Hawelia Group has joined the Indian Green Building Council as a founding member. This move highlights their dedication to environmentally responsible construction practices. The company focuses on energy efficiency and resource conservation in its projects. Their commitment aligns with the IGBC's mission to promote green building standards. This initiative aims to foster sustainable communities for future generations.
Government links payments to skill centres with jobs
The Skill Development Ministry is linking payments to training providers to candidate placement. A ₹530-crore Skills Outcome Fund will incentivize providers and increase accountability. This initiative aims to help 200,000 youths secure quality employment and improved incomes. The program prioritizes candidates from low-income households and aims for 50% female participation. Focus will be on high-demand sectors and future-oriented job roles for sustainable livelihoods.
Delhi data centre fire sparks nationwide operations safety review
The Centre launched the exercise after last month's fire outbreak at a New Delhi data centre owned by Singapore's ST Telemedia and Tata Communications that reportedly caused extensive damage to parts of the site and made data recovery difficult. After the incident, the government held meetings with stakeholders and decided to study existing state policies, an official said.
Moving up the value chain: How India’s BPM is creating new career pathways
India's BPM sector is transforming into a dynamic career ecosystem. It now emphasizes skills, digital proficiency, and employee purpose. This shift moves beyond basic jobs to foster long-term career growth. Companies are building internal talent marketplaces and promoting skill-based mobility. Continuous learning and adaptability are crucial for future success in this industry.
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