INDIA PROFESSIONAL SERVICES GROWTH
Can Union Bank maintain its momentum after a 13% stock surge?
The loan book grew by 9.5% to ?9.5 lakh crore while deposits rose by 7.2% to ?13.1 lakh crore year-on-year compared with 6.7% and 3.8% growth in the previous quarter, respectively. Credit growth was buoyed by 22.1% increase in retail loan book and 12.5% rise in the micro, small, and medium enterprises (MSME).
3 in 5 Indian finance professionals eye entrepreneurship: Survey
A growing number of Indian accountants are shifting away from traditional corporate paths, with 63% now aspiring to become entrepreneurs, according to ACCA’s Global Talent Trends Survey 2025. The survey, which covered over 10,000 professionals across 175 countries, reveals evolving career goals driven by a desire for flexibility, purpose, and global opportunities.
UAE introduces 5 new categories for Golden Visa eligibility
The UAE has broadened its Golden Visa program to attract global talent by offering 10-year residencies to various professionals. Recent expansions include nurses, educators, content creators, e-sports professionals, and luxury yacht owners. These initiatives aim to bolster the nation's economic growth and knowledge sectors by providing stability and security to qualified individuals and their families.
Now locating: Human talent for AI agents
As agentic AI sweeps the automation wave across sectors, India is witnessing a surge in new job roles to train, design and deploy these intelligent systems responsibly. Himanshi Lohchab analyses.
AI leadership roles up 40-60% in FY25 as talent demand soars
Leadership roles in artificial intelligence (AI) have surged by 40-60% year-on-year in FY25, according to data from staffing firms. Firms across IT, consulting, global capability centres, BFSI, and healthcare sectors are leading demand. Startups in ecommerce and fintech are setting up dedicated AI units.
Urban Company ties up with Noon to expand at-home services in UAE, Saudi Arabia
The services will be offered to users in both countries through the app of the Saudi Arabia-based digital ecommerce platform Noon.
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India's manufacturing and services PMI is highest among developed and emerging markets: J P Morgan
India is leading the world in manufacturing and services. J.P. Morgan's report shows India's PMI is the highest. Manufacturing PMI is at 58.2 and services PMI is at 58.7. China's PMI is lower than India's. The U.S. and Eurozone show mixed economic signals. India's strong domestic demand drives its growth. This reflects business optimism and economic momentum.
GCCs, small companies see an opening in WFO rules
Resistance to work-from-office (WfO) requirements comes at a time when low salary hikes in IT sector are also making many unhappy. While companies may be conceding to some requests to retain key employees who may be hard to replace, some people are quitting jobs and joining smaller firms or global capability centres (GCCs) that are open to work-from-home or hybrid models.
Agriculture, manufacturing, services push & climate action key to growth, says CII president
CII President Sanjiv Puri asserts that India's economy possesses strong foundations and is poised for a resilient recovery, even amidst potential short-term disruptions from border conflicts. He emphasizes the need to bolster agriculture, manufacturing, and services while addressing climate change for inclusive growth.
OpenAI leads surge in business AI adoption, Ramp AI Index reveals
OpenAI leads enterprise AI adoption, according to the Ramp AI Index, but Chinese AI company Manus AI is quickly gaining ground. The index, tracking real corporate spending, reveals a surge in AI usage among businesses. While foundational models dominate, specialized AI tools like Turbopuffer and Jasper are experiencing rapid growth, indicating a shift towards tailored enterprise solutions.
Half of tech workers in India getting AI training at work: Naukri survey
The survey, which collected responses from over 16,000 professionals across industries, found that one in three tech workers is currently undergoing formal AI training through their organisations. Freshers appear to be beneficiaries of this trend as well, with over half reporting either basic or comprehensive AI training.
Weekly Horoscope Capricorn, 12th May 2025 to 18th May 2025: Career, creativity, and personal growth take centre stage in shifting energies
This week will bring momentum in your career and self-expression. The Moon will transit from the Tenth House to the First House. This can bring emotional shifts from ambition to self-awareness. The Sun and Mercury emphasise your home, creativity and learning. Jupiter transit will activate health and service. Rahu and Ketu will change signs on 18th May. This may bring long-term changes in finances and personal transformation.
Coforge to top $2 billion revenue target, CEO says
Coforge snagged a 13-year contract valued at $1.56 billion from US-based travel technology provider Sabre Corp in the previous quarter. That came at a time when larger rivals struggled to secure mega deals as macroeconomic uncertainties and tariff risks weighed on the Indian IT sector. The IT firm's revenue grew about 33.8% in the fiscal year ending March, and it is relying on steady organic growth this year.
Mother knows best
Business leaders share the words of wisdom from their mothers that have turned into lifelong mantra.
FTA rolls out red carpet for Indian students as UK study benefits expand
The India-UK Free Trade Agreement is poised to make the UK a more attractive destination for Indian students. The deal promises streamlined visa procedures, enhanced post-study job opportunities in sectors like IT and finance, and mutual recognition of qualifications. Experts anticipate increased collaboration, potential scholarships, and a boost in career prospects for Indian graduates in the UK.
India to benefit from relaxed UK visa rules under new trade deal
A new trade agreement between India and the UK will simplify visa rules for Indian professionals in technology and other sectors. The deal includes an annual quota of 1,800 visas for Indian musicians, chefs, and yoga instructors. Indian companies operating in the UK will benefit from easier mobility for service sector workers.
No cubicles, no clocks: Gen Z’s vision for the future of work
Gen Z in India prioritizes flexibility and work-life balance alongside salary, reshaping traditional career expectations. Hybrid work models are favored, with less interest in entrepreneurship compared to structured employment offering growth and purpose. Companies adapting to these values by providing human-centered workplaces are more likely to attract and retain Gen Z talent.
India-UK FTA signals new global trade strategy, bypasses China dependence, navigates US tariffs: SBI
India and the UK are set to sign a Free Trade Agreement. This deal aims to reduce reliance on China. It will also address US tariff challenges. The FTA is expected to boost bilateral trade significantly. Both countries anticipate economic gains.
India-UK clinches trade deal; duty cut on British whisky, cars; boost to garment, leather goods exports
India and the UK have finalized a landmark trade agreement aimed at doubling trade to USD 120 billion by 2030. The deal eliminates tariffs on a significant number of Indian goods entering the UK, including labor-intensive products, while reducing tariffs on UK exports like whisky and cars to India.
From financial relief to greater job access, India–UK free trade pact holds major gains for NRIs in UK
India and the UK completed their Free Trade Agreement. This agreement brings good news for Non-Resident Indians working in the UK. Indian professionals will get exemption from social security payments for three years. The FTA makes it easier for Indian professionals to work in the UK. Indian firms will have better access to the UK market.
India-UK trade deal to open opportunities for Indian yoga instructors, musicians, chefs
The India-UK free trade agreement is set to create new avenues for Indian independent professionals like yoga instructors, musicians, and chefs, according to the commerce ministry. The agreement facilitates easier mobility for various professionals, including contractual service suppliers and investors. Similar provisions exist in the India-Australia economic cooperation and trade agreement, offering quotas for Indian chefs and yoga teachers.
From cheaper chocolates to cars and NRI boons, how historic FTA with UK sweetens the pot for India
India and the UK have finalized a comprehensive Free Trade Agreement, projected to boost bilateral trade by ?25.5 billion annually by 2040. The agreement eliminates tariffs on 99% of Indian exports, benefiting sectors like textiles and IT. It also simplifies taxation and offers social security exemptions for Indian workers in the UK.
India-UK trade agreement to boost bilateral trade, expand consumer markets: Experts
Experts believe the India-UK free trade agreement, eliminating tariffs across sectors, will significantly boost bilateral trade and expand consumer markets. The deal, removing taxes on labor-intensive exports and easing imports, aims to double trade to USD 120 billion by 2030. It provides opportunities for businesses to access a combined market of USD 6.08 trillion and diversify services exports.
India crucial to PwC’s growth strategy, says global advisory head
PwC is increasingly relying on India for its global advisory strategy, leveraging the country's vast talent pool and technological maturity. India is pivotal in scaling managed services, integrating technology into transformation programs, and redefining end-to-end consulting. The firm's 'One Consulting' model and focus on AI are driving growth, with India playing a key role in PwC's global ambitions.
India, UK drop key demands in FTA talks to respect mutual sensitivities: Official
India and the UK finalized a free trade agreement. Both nations considered each other's political concerns during negotiations. India dropped its request for post-study work visas. The UK withdrew its demand to open legal services in India. The agreement will reduce the cost of British Scotch whiskey and cars in India.
Services activity picks pace in April on strong output, exports
India's services sector experienced a slight growth in April, with the HSBC India Services PMI increasing to 58.7. New business volumes rose sharply, and international demand saw its fastest expansion since July 2024. Despite this growth, business sentiment weakened to its lowest level since mid-2023 due to increasing competition.
India-UK FTA will add new chapter in growth, development of both countries: PM Modi
Prime Minister Narendra Modi announced the finalization of the India-UK Free Trade Agreement, calling it a historic moment that will usher in a new era of growth and development for both nations. The agreement, reached with UK Prime Minister Sir Keir Starmer, aims to boost trade, create jobs, and foster economic cooperation, particularly benefiting India's MSME sector.
Startups post strong hiring growth in April, seasoned professionals in demand
Hiring by Indian startups surged 32% in April, driven by a strategic shift towards innovation-led scaling and sustainable growth. Companies are increasingly prioritizing experienced professionals over freshers, with a focus on deep-tech and health solutions. Tier-2 cities are emerging as startup hubs, signaling a more balanced and inclusive growth model across India.
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