India Inc. is expected to see a 9.4% salary hike in 2025, slightly lower than 2024's 9.6%. The EY report highlights increased AI use for compensation strategies, with sectors like e-commerce and financial services leading salary growth. CEO compensations for Nifty50 firms saw 18-20% increases, with a rise in performance-linked incentives.
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India is set to welcome over 120 new mid-market global capability centres (GCCs) by 2026, driven by medium-sized companies leveraging the country’s digital expertise. Over 800 mid-market GCCs currently employ 220,000 people, and the U.S. and Europe dominate the space. Emerging cities are attracting new GCCs, which are vital for sustainable growth and technological advancement.
Banks and UPI applications must conduct weekly updates of their mobile number records to prevent errors from recycled or modified numbers. Applications must obtain explicit user permission before assigning or updating numeric UPI IDs.
A Sebi committee has declined a settlement offer from Zee Entertainment, former chairman Subhash Chandra, and former MD Punit Goenka regarding listing norm violations. Instead, Sebi's adjudicating officer must incorporate new findings from the investigation and issue a fresh show cause notice.
Grant Lee's AI startup Gamma is thriving with just 28 employees, achieving significant revenue and profitability. Many AI-driven startups are leveraging technology to maximize efficiency and reduce the need for large teams and funding. The trend raises questions about the future of venture capital investment in such lean and efficient companies.
India's technology sector workforce grew by 1.2 lakh in 2024-2025, fueled largely by Global Capability Centres (GCCs) hiring over 100,000 professionals. IT firms added only 11,000 employees, while GCCs continued to drive significant employment growth and further reinforce India's expanding tech industry.
Bitcoin soared to a new all-time high, fueled by President-elect Trump's pro-crypto stance and MicroStrategy's inclusion in the Nasdaq 100. MicroStrategy's recent $1.5 billion Bitcoin purchase and Trump's support for a national Bitcoin reserve boosted investor confidence. This positive sentiment drove Bitcoin's seven-week winning streak, its longest since 2021, and increased demand for crypto ETFs.
Sajjan Jindal, chairman of the JSW Group, plans to invest Rs 5.8 lakh crore ($70 billion) in renewables, steel, cement, infrastructure, and automobiles over the next six years. Jindal argues that India needs tariffs to protect domestic industries from cheaper Chinese imports, which are threatening local manufacturers. He stresses the need for government support to compete with China.
Tesla reported lower than expected profits Wednesday but confirmed key 2025 benchmarks, saying it will return to sales volume growth and move forward with fully autonomous driving. But Tesla expects growth in 2025, saying in its earnings release that "with the advancements in vehicle autonomy and the introduction of new products, we expect the vehicle business to return to growth in 2025."
Household debt in India has increased to 42.9% of GDP as of June 2024, driven mainly by a rise in the number of borrowers. Most borrowing is for consumption, asset creation, and productive activities, with highly rated borrowers prioritizing asset investments. This trend is seen as enhancing credit quality and financial resilience.
Infosys McCamish Systems, impacted by a 2023 cybersecurity incident, will pay $17.5 million to resolve class-action lawsuits. The settlement follows mediation with plaintiffs and covers allegations against IMS and some customers. Approval will close lawsuits without liability admission.