Business

India's digital economy is growing at an unprecedented pace, and at the centre of this transformation are Global Capability Centres (GCCs). As per a TeamLease Digital report, "GCCs will contribute over 22-25 per cent of net new white-collar tech jobs in 2025, led by demand in AI and cloud computing".

The widening losses come against the backdrop of slowing passenger traffic growth and rising aircraft deliveries.

The Reserve Bank of India's decision to lower interest rates has led to a marked decline in borrowing costs for companies, thereby boosting debt serviceability across several sectors, according to a report by the Bank of Baroda (BoB).

Airbus Helicopters has awarded a contract to Mahindra Aerostructures Pvt. Ltd. (MASPL), as an additional source, to manufacture the main fuselage of the best-selling H125 helicopter, significantly deepening the partnership between the two companies and boosting 'Make in India' in rotorcraft manufacturing.

On the occasion of Pradhan Mantri Jan Dhan Yojana's (PMJDY) 11th anniversary, Prime Minister Narendra Modi lauded the scheme's impact over the years. "When the last mile is financially connected, the entire nation moves forward together. That is exactly what the PM Jan Dhan Yojana achieved. It enhanced dignity and gave people the power to script their own destiny," Modi said on a social media post.

Indian consumers are set to receive a significant boost as the government moves towards simplifying the Goods and Services Tax (GST) structure by reducing the number of tax slabs and lowering rates on several key items.