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Union Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State for Education, Jayant Chaudhary inaugurated a new daycare facility for children of employees at Kaushal Bhawan, the headquarters of the Ministry of Skill Development and Entrepreneurship (MSDE), in a move aimed at promoting a more inclusive and family-friendly workplace. Spread across nearly 600 square metres, the facility has been designed to provide a safe, nurturing and child-friendly environment for children aged between six months and six years. It includes sleeping and resting areas, play and activity zones, age-appropriate learning resources, hygienic washrooms, child-friendly furniture, and…

TVS Motor Company has announced the launch of TVS Paddock, an exclusive retail channel dedicated to its premium motorcycle portfolio, as the company seeks to strengthen its presence in India’s fast-growing premium mobility segment. The new retail ecosystem aims to provide customers with a bespoke ownership journey by combining immersive brand experiences, personalised consultations, specialised service capabilities and enhanced aftersales support under a single platform. The initiative marks a key milestone in TVS Motor’s premium mobility strategy and reflects changing consumer preferences for personalised and experience-driven products. TVS Motor said the new retail philosophy brings together motorcycles, community engagement, merchandise,…

Xiaomi India on Saturday launched the Xiaomi 17T, a new flagship smartphone that combines Leica-powered imaging, AI-driven features, immersive display technology and a large-capacity battery, as the company seeks to strengthen its position in the premium smartphone segment. The Xiaomi 17T features a Leica-powered triple-camera system led by a 50MP main sensor and, for the first time in the Xiaomi T Series, a Leica 5x periscope telephoto camera. The device also introduces Leica Live Moment and Leica Live Portrait, aimed at enhancing photography and storytelling through richer visual experiences. The smartphone sports a 6.59-inch 1.5K AMOLED display with up to…

Snapchat has reported a sharp rise in advertiser adoption in India, with the number of advertisers on the platform increasing tenfold over the past two years and the number of advertisers spending across all four quarters tripling during the period. The company attributed the growth to rising demand for immersive advertising formats, expansion of Chat as a high-attention advertising surface, and investments in AI-powered targeting and advertising tools. With more than 250 million users in India, Snapchat said it has become a key platform for brands seeking to engage Gen Z consumers, a demographic that currently accounts for 43 per…

The Reserve Bank of India (RBI) kept key policy rates and its monetary policy stance unchanged, while continuing to monitor inflationary pressures and global economic developments, according to market reactions following the central bank's latest policy announcement. Reacting to the policy decision, Upasna Bhardwaj, Chief Economist at Kotak Mahindra Bank, said the RBI had expectedly maintained both rates and stance, while highlighting amplified risks on the inflation front. She noted that the central bank remains cautious amid evolving macroeconomic conditions and inflation concerns. Bhardwaj said the bank expects a cumulative 50 basis points rate hike cycle to begin from October…

State-owned Life Insurance Corporation of India (LIC) is actively engaging with major financial regulators, including the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI), to expand the availability of long-term investment instruments. LIC Managing Director and CEO R. Doraiswamy revealed that this proactive outreach is driven by a massive, continuous surge of inflows into the corporation’s annuity and pension products. Annuity products convert a policyholder's retirement corpus into a guaranteed, lifelong stream of income, creating long-tailed liabilities for LIC that can span up to 50 years. To safely match these extended liabilities, the insurance…

A relentless wave of artificial intelligence adoption has triggered a profound shift across the global workforce, with the technology, media, and telecommunications sector alongside customer operations suffering the most severe disruption. As corporate giants aggressively scale up spending on generative AI models and data centers, executive leadership teams are leveraging high-level automation to significantly downsize their workforces. This sudden operational transition has debunked early projections that automation would take decades to materialize, proving instead that routine, rule-based digital tasks can be completely substituted overnight at a fraction of human labor costs. The legal, administrative, and technology sectors are experiencing unprecedented…