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New Delhi: India Inc is shifting focus from hiring AI builders to recruiting engineers who can apply AI to solve customer problems, improve delivery and redesign workflows. New-age roles such as forward-deployed engineers and agentic AI engineers are seeing record demand.According to a CIEL HR analysis of over 200 companies in nine sectors conducted for ET, 90% of the firms are hiring for these roles to drive customer-facing solutions and internal efficiency. The survey covered IT services, IT products, startups, global capability centres, manufacturing, retail, ecommerce , financial services and logistics. Companies are deploying these skills both for customer solutions and internal use, a trend also confirmed by HR leaders at the RPG Group, Volvo Eicher Commercial Vehicles, EY and Savills India. "Today, firms are looking for people who can make AI useful, professionals who can solve customer problems, improve delivery, redesign workflows and help businesses create value," s...

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India is aiming to connect 1 billion people to 5G by 2030, after bringing nearly 500 million users onto the network in just two-and-a-half years, Union Communications Minister Jyotiraditya Scindia said on Wednesday as he unveiled the theme for the 10th edition of India Mobile Congress (IMC) 2026.Speaking at the theme launch of Asia's largest digital technology event, Scindia also announced that India's first Telecom Manufacturing Zone (TMZ) will be set up in Gwalior, Madhya Pradesh, to create a dedicated manufacturing ecosystem for telecom equipment, semiconductor companies and data centres.The minister launched "Scale without boundaries" as the theme for IMC 2026, scheduled to be held from October 7 to 10 at Yashobhoomi in New Delhi. The theme reflects India's ambition to scale homegrown technologies and digital infrastructure globally."India's journey in telecom has moved from connecting the next billion to enabling the next billion possibilities,"...

US aircraft maker Boeing reported a wider-than-expected Q2 loss Tuesday after booking a $280 million charge tied to its troubled Air Force One replacement program, Reuters reported.The charge reflected higher engineering costs associated with delivering two delayed US presidential aircraft in 2028 and contributed to a second-quarter net loss of $428 million.The aircraft maker’s shares rose 5% in midday trading despite the Q2 loss, as investors focused on improving production and stronger cash flow. Its core loss of 76 cents per share was wider than analysts’ estimate of a 30-cent loss but narrower than the $1.24-per-share loss recorded a year earlier, according to LSEG data.Boeing generated $631 million in free cash flow, reversing a $200 million outflow in the second quarter of 2025, partly due to stronger-than-expected customer payments. The company maintained its full-year free cash flow forecast of $1 billion to $3 billion, which would mark its first positive annual result since 20...

Wall Street ended mixed on Monday, as investors awaited guidance from major technology companies in a busy week for quarterly earnings, while also worrying that stubbornly high oil prices could force the Federal Reserve to raise interest rates. Microsoft, Amazon, Meta and Apple are set to report quarterly results this week. Investors were questioning whether a multi-year rally fueled by optimism ‌about artificial intelligence ⁠may be ⁠losing steam. Investors last week were spooked by quarterly results from Tesla and Alphabet that showed heavy spending on artificial intelligence. On Monday, crude fell to a one-week low as U.S. President Donald Trump said Washington was having "good talks" with Iran and there was a chance of a peace deal, but warned U.S. strikes would resume if the negotiations failed to deliver. Oil prices surged last week, with Brent futures surpassing $100 a barrel, after new strikes on shipping in the Middle East. The S&P 500 consumer staples index and ...

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Coca-Cola has appointed JPMorgan and Citi as bankers for a planned 2027 initial public offering of one of its majority-owned bottling partners in India, a critical growth market, two sources with direct knowledge of the matter told Reuters. The beverage giant said in ‌June it ⁠was preparing ⁠a 2027 listing of its Indian bottling unit, Hindustan Coca-Cola Holdings, and exploring the sale of part of its stake, joining a broader push by global companies such as Pernod Ricard and Carlsberg to tap India's equity markets. Bankers pitched to Coca-Cola for the mandate earlier this month in London, the two sources said, following which ⁠JPMorgan and ‌Citi were appointed. One of the sources said Kotak and Morgan Stanley were also appointed as bankers on ⁠the IPO. The banks and Coca-Cola did not immediately respond to Reuters' requests for comment. The sources declined to be named as the matter is confidential. The IPO adds to a string of multinational companies turning to Indian equity m...

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New Delhi: Saudi Arabia is set to regain share in India's crude imports in July after its share nearly halved in May and June, although Russia is expected to remain the country's largest supplier, according to estimates from energy cargo tracker Kpler.Saudi Arabia is expected to supply 464,000 barrels per day (bpd) to India in July, based on arrivals in the first half of the month and tanker-tracking data. Between July 2025 and April 2026, the kingdom supplied an average of 700,000 bpd, accounting for about 14.5% of India's crude imports. After its share slipped to an average 7% in May-June, Saudi Arabia is set to recover to about 10% in July.Imports from Iraq, Kuwait and Qatar, whose crude exports rely entirely on transit through the Strait of Hormuz, remain negligible. Supplies from these countries are unlikely to pick up in the second half of July as shipping through the Strait has again been disrupted following the resumption of the US-Iran conflict.India's overall ...

New Delhi: India's oil marketing companies (OMCs) are stepping up efforts to encourage a shift among their 4 million daily commercial and industrial LPG cylinder users to cylinders that dispense fuel in liquid form instead of gas. While liquid off-take (LOT) cylinders have been part of OMCs' product portfolios for nearly two decades, customers have largely continued using conventional vapour off-take (VOT) cylinders. A senior OMC official said the companies are now prioritising the supply of LOT cylinders to commercial and industrial customers. The LOT systems, industry executives said, leave virtually no residual gas unlike VOT cylinders, offering better efficiency and significant cost savings at a time when geopolitical risks are raising supply concerns.132447360Pune Gas Systems, a 40-year-old OMC-empanelled LPG solutions provider, recently wrote to petroleum and natural gas minister Hardeep Singh Puri, saying that shifting industrial and commercial users from VOT to LOT cyli...

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Electric scooter maker Ather Energy’s board on Wednesday approved a Rs 1,200-crore raise from existing investors Hero MotoCorp, the India-Japan Fund, and founders Tarun Mehta and Swapnil Jain. The investment is part of a broader Rs 2,700-crore financing plan, which includes a Rs 1,500-crore qualified institutional placement (QIP), as per regulatory filings. The board approved the QIP floor price.Next phase of expansionThis was set at Rs 1,169.70 per share, about 10% lower than Wednesday’s closing price of Rs 1,298.As part of the preferential allotment, the India-Japan Fund (IJF)—a bilateral investment vehicle managed by state-owned National Investment and Infrastructure Fund (NIIF)—will invest Rs 200 crore in equity, Ather said in a regulatory filing.132424603Hero MotoCorp, Ather's promoter, will infuse Rs 960 crore, while Mehta and Jain, who are also promoters, will inject Rs 20 crore each. Hero and the founders will subscribe through convertible warrants.Launched in 2023, the Rs ...

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Gandhinagar: After successfully achieving a milestone in the conservation of the critically endangered Great Indian Bustard, with the second chick hatched through the "jump-start" technique surviving beyond the critical 40-day period, the Gujarat Forest Department has now recorded another conservation success with the recovery of the Indian Grey Hornbill population in the Gir forests through a pioneering species reintroduction programme.The Indian Grey Hornbill - Gujarat's only hornbill species - was common in the Gir landscape until the mid-1930s, particularly during winter. However, its population began declining in the 1950s and 1960s, with the last documented sighting in Gir recorded in 1950. While the species continues to inhabit the forests of southern and central Gujarat, it had long been considered locally extinct in Gir, though the exact reasons for its disappearance remain unknown. Reintroduced into the Gir landscape in 2021, the hornbills have successfully esta...

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IBM Chairman and CEO Arvind Krishna attributed the company's weaker-than-expected second-quarter performance to an unexpected shift in customer spending towards AI infrastructure, including servers, storage and memory, to secure supply-constrained hardware, which affected its Software and Infrastructure businesses.Shares of the company fell over 26% to $213.22 following the update, which was their biggest intraday loss in 58 years, according to a Bloomberg report.IBM said preliminary second-quarter revenue stood at $17.2 billion, missing analysts' expectations of $17.9 billion. Revenue from its Infrastructure division fell 7%, while preliminary diluted earnings slipped 2% to $2.27 per share. The company said it is still finalising its financial statements, with official quarterly results due next week and subject to minor revisions.Krishna said customer spending priorities changed sharply in the final weeks of June.“In the last few weeks of June, we saw clients shift their quar...

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The India-UK Comprehensive Economic and Trade Agreement, which comes into force on July 15, almost a year after it was signed, will give immense opportunity to Indian exports to garner higher market share.Kirtika Suneja takes a look at the bilateral trade landscape, gains and the hurdles overcome to achieve the historic deal:Bilateral goods trade between India and the UK has steadily expanded over the past five years. India's exports rose from $10.4 billion in FY22 to $13.4 billion in FY26, while imports increased from $7.1 billion to $11.7 billion during the same period.132351512The FTA resolves key trade barriers by excluding India's steel exports from the UK's proposed safeguard measures and addressing concerns around the UK's Carbon Border Adjustment Mechanism (CBAM). Around 85% of India's steel exports remain outside these measures, with iron and steel exports to the UK valued at $893 million in FY26.Also read: Want a Rolls-Royce or Land Rover? Premium cars to ...

Mumbai: Corporates will have to spell out the anti-money laundering and due diligence measures undertaken on overseas business partners and co-investors in foreign joint ventures and subsidiaries, and describe the processes followed in carrying out these checks.Such information, rarely, if ever, sought earlier, will be gathered by banks from corporate clients with overseas direct investments (ODIs) and shared with the Reserve Bank of India (RBI).Amid concerns that some overseas investments may not flow into bona fide businesses, questions on credential and know-your-customer (KYC) checks of foreign partners feature in a long list of probing queries from the regulator.132351222Besides key financial data since 2021-22, corporates have been asked to disclose energy consumption, R&D expenditure, headcount and employee costs of every foreign entity, and clarify whether these entities have physical offices and take independent business decisions.ET has reviewed RBI's questionnaire se...

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Dubai: Mysterious, unclaimed airstrikes that hit Iran after the U.S. said it finished its attacks have again raised questions of who else may be targeting the Islamic Republic.The strikes Thursday, just as Iran prepared to bury the late Supreme Leader Ayatollah Ali Khamenei, hit areas across southern Iran. The country's theocracy hasn't directly blamed anyone, though one lawmaker warned the United Arab Emirates about allegedly providing support to the U.S. campaign against Iran.Gulf Arab states, which Iran has targeted repeatedly since the war began Feb. 28, did not immediately respond to requests for comment Friday over the strikes. The attacks come as those Gulf nations and the U.S. insist that the Strait of Hormuz, a vital waterway for world energy markets, must be open and free to ships to transit.Iran says the strait must now be under its sole control and that vessels should begin to pay fees to Tehran - even though the world for decades has considered it an international ...

New Delhi: The government is considering launching a nationwide retail consumption survey to generate granular data on consumer spending patterns, people aware of the development said.The proposed survey, to be conducted by the ministry of statistics and programme implementation (MoSPI), will cover businesses across all National Industrial Classification (NIC) codes, from utensil and machinery stores to pharmacies and apparel outlets. It is expected to track retail sales of consumer durables and non-durables.The survey is likely to capture the value and volume of goods sold through retail establishments across states. "The government is considering the survey; no timeline has been decided yet," a government official saidAlso Read: Ecommerce isn't adding much to Retail Inc's cart132319005MoSPI is examining the time period of the survey, the official added.Unlike the Household Consumption Expenditure Survey (HCES), which records household consumption during a reference ...

JioStar is betting that conversations with viewers powered by generative AI will become a powerful tool for the streaming TV company.The unit of Reliance Industries Ltd., which boasts 500 million monthly users, is using OpenAI’s technology to move beyond traditional recommendations, envisioning an AI-powered platform where conversations help users discover shows, buy products and eventually influence what gets made.Executives say the same conversational interface that recommends movies from a library of over 300,000 hours of programming could become a real-time signal of audience demand, shortening the feedback loop between what viewers want and what studios produce.“The future is conversational search,” Bharath Ram, JioStar’s chief product officer, said in an interview. “Interesting search results lead people to watch content they otherwise wouldn’t have watched, increasing engagement, watch time and our ability to monetize.”Also read | Netflix to widen India content play with four we...

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SBI Funds Management, a subsidiary of State Bank of India, has filed its red herring prospectus with the Registrar of Companies for its proposed initial public offering. The IPO will open for public subscription on July 14 and close on July 16. Anchor investors will be able to place bids on July 13, one working day before the issue opens. The bidding period for qualified institutional buyers will close on July 15, a day before the public issue closes.The IPO will be entirely an offer for sale of up to 20,37,09,239 equity shares of face value Rs 1 each and seeks to value the company at Rs 1.17 lakh crores. This represents up to 10.0013% of SBI Funds Management’s paid-up equity share capital.SBI will sell up to 12,83,34,397 shares through the offer, representing 6.3% of SBI Funds Management’s paid-up equity share capital. Amundi India Holding will sell up to 7,53,74,842 shares, representing 3.7% of the company’s paid-up equity share capital.Also Read: NSE eyes September launch for $3 bil...

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New Delhi: The Reserve Bank of India (RBI) may issue broad guidelines on property title searches to streamline the process and curb frauds involving title deeds accepted as mortgage security.The guidelines could prescribe a minimum search period, key documents and records to be verified, as well as precautions to be followed while preparing title search or legal background check reports, said people familiar with the development."The RBI had sought suggestions from banks on this issue. We have, after an internal discussion, sent our inputs stating that the process and other related decisions should be left to individual banks," a bank executive said on condition of anonymity, adding that the RBI may issue broad guidelines to devise the process for title search.132245734Queries emailed to the RBI did not elicit a response till press time.A Supreme Court judgement last year said that the RBI and other stakeholders should collaborate in developing a standardised and practical ap...

Mumbai's property market is witnessing a fresh wave of competition as some of south India's largest real estate developers accelerate their entry into the country's biggest market, attracted by sustained housing demand and high-value redevelopment opportunities. Unlike earlier attempts by out-of-market players, the latest entrants are adopting a calibrated strategy centred on redevelopment projects, joint development agreements and partnerships with local landowners, providing a capital-efficient route into India's most expensive property market. Developers including Prestige Group, Puravankara, Shriram Properties, Sobha, Casagrand and RMZ have either entered or about to enter Mumbai through redevelopment projects and land acquisitions across the Mumbai Region as they seek to diversify beyond their core markets. “Mumbai is one of India's most resilient and aspirational real estate markets, driven by strong end-user demand, a robust commercial ecosystem and a discern...

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Kolkata: The FIFA World Cup has failed to deliver the sales boost India's television makers have traditionally counted on during major sporting events. TV sales remained largely stagnant in June year-on-year, against the 15-25% jump the industry expects during such tournaments, according to manufacturers, retailers and market researchers.Companies attributed the weak demand to a combination of factors: television prices have risen 15-20% over the past six months following a surge in memory chip costs, many matches are being telecast at inconvenient hours for Indian viewers, and an increasing number of consumers are choosing to stream games on smartphones instead of buying bigger-screen TVs. Prices of memory chips used in televisions as well as smartphones, tablets and laptops have escalated two-three times since November last year.Even in football strongholds such as Kerala, Goa, West Bengal and the Northeast, the initial uptick in demand proved short-lived for the quadrennial inte...

US oil companies are set to report their strongest quarterly profits in years, courting a possible clash with President Donald Trump, who has been pressing his longtime ally Big Oil to bring down gasoline prices before midterm elections in November. After months of Americans complaining about pain at the pump, Exxon Mobil and Chevron are expected to report second-quarter earnings in the coming weeks that are more than triple first-quarter levels. Oil prices spiked after the U.S.-Israeli war on Iran began in late February and global fuel supplies tightened.Also read | June: 10 mbpd, May: 3 mbpd: Gulf oil exports up, but 40% below pre-war level"The industry is definitely talking to each other and thinking of ways to deal with it, but we know what's coming. We understand the politics," said one industry executive, speaking anonymously. Since shipping through the Strait of Hormuz resumed last month, Trump has said he wants the national average to fall to about $2.50 a gallon ...

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The ​Nasdaq ended lower on Thursday as technology shares fell, while a softer-than-expected U.S. jobs report eased worries that the Federal Reserve could feel impelled to hike interest rates soon.The Dow ended higher, logging its fourth consecutive weekly gain, ‌the longest such ⁠streak ⁠since October 2024. The U.S. market will be closed on Friday in observance of the U.S. Independence Day holiday.An index ​of semiconductors was down sharply for a second day and technology was among the biggest sector decliners in ​the S&P 500.Investors are probably taking profits in chip stocks following this year's strong gains, said Bruce Zaro, managing director at Granite Wealth Management in Plymouth, Massachusetts. "You can really point the finger ​at the consolidation in the chips," he said.Tesla shares fell ⁠sharply as ‌well even though the electric carmaker posted second-quarter deliveries above estimates. Tesla shares ​had risen sharply ​this week ahead of the report.The U.S...

Semiconductor stocks opened the third quarter on a weak note on Thursday, with several of the biggest winners from the AI rally witnessing sharp profit booking after a record-breaking run in the April-June period. The VanEck Semiconductor ETF (SMH), which tracks major chip stocks, fell more than 5%, a day after ending its strongest quarter on record. The index had surged 71% between April and June as investors aggressively bought companies expected to benefit from the artificial intelligence boom.Memory chip maker Micron led the losses, tumbling 11%, while Intel fell 9% and Advanced Micro Devices (AMD) declined 7%.The three companies together had added nearly $2 trillion in market value during the second quarter as investors broadened their AI bets beyond Nvidia, expecting rising demand for memory chips and central processors to support future growth.Selling pressure also spread to semiconductor equipment makers. Lam Research, KLA Corp. and Applied Materials, all of which more than dou...

Federal Reserve Chairman Kevin Warsh on Wednesday said he will firmly go by the U.S. central bank's 2% inflation target and will "disappoint" anyone who expects monetary policy easing despite President Donald Trump's repeated demands for rate cuts. "If people thought this central bank was going to be comfortable with an inflation objective above 2%, they would be disappointed," Warsh told a European Central Bank panel in Sintra, Portugal, adding, "We have been an independent central ⁠bank for ⁠a long time. We are going to be an independent central bank at this moment and you will see no changes on that." He further restated that he would give little hints on monetary policy projections. Warsh also promised to bring in real-time economic data that will help the US central bank make better policies, replacing what he termed problematic government reports."My aspiration is that nine to 12 months from now we're going to be using new technologi...