Industry Trends

lastminute.com to slash 25% of its jobs in AI transition

​Online travel ​agency lastminute.com on ​Wednesday said it ​would cut a quarter of its jobs in a push to integrate ‌AI ⁠into ⁠its operations, in the latest ​sign of AI adoption shaking up ​the labour market

10 hours ago

Australian unions to end strike at Inpex Ichthys LNG, new pay deal agreed

Australian unions said on Wednesday that they have reached a deal with Japan's Inpex to end strikes at the Ichthys liquefied natural gas (LNG) onshore and offshore facilities.

16 hours ago

Fujitsu chair resigns over 'woman-related inappropriate conduct'

Fujitsu's chairman has stepped down over "woman-related inappropriate conduct", the on Wednesday. Furuta assumed the role of Fujitsu's chairman in 2024 after serving as executive vice president and chief technology officer.

16 hours ago

Why AI startup CEO gave every employee $3,000 technology-loaded mattress covers

An AI startup, Factory, invested in high-tech sleep technology for its employees, believing better rest directly boosts focus and performance. CEO Matan Grinberg views engineers like athletes, emphasizing cognitive function through adequate sleep. This unconventional perk, alongside healthier office snacks, aims to maximize employee brainpower, rejecting a 'grindslop' culture.

16 hours ago

Wipro launches AI Centre of Excellence for Anthropic's Claude, to train 10,000 experts

IT services major Wipro on Tuesday announced the launch of an Applied AI Centre of Excellence (CoE) focused on Anthropic's Claude models to accelerate artificial intelligence adoption for enterprises.

16 hours ago

Ex-Citi exec alleges she was fired after raising Trump-related compliance concerns

​A former Citigroup ​executive alleged in a lawsuit that the bank fired ​her in retaliation for identifying regulatory and compliance risks that, according to a Financial Times report on Tuesday, were related to Citi's efforts to court U.S. ‌President Donald ⁠Trump as ⁠a client.

16 hours ago

Rivian trims workforce by about 2% amid profitability push

Electric-vehicle maker ​Rivian said on Tuesday ​it is laying off less than ​2% of its workforce as part of ongoing efforts to scale its operations profitably.

16 hours ago

OpenAI Academy launches three enterprise AI courses to turn access into capability

Addressing this gap, OpenAI has introduced a new set of enterprise- focused learning programmes through its OpenAI Academy platform.

16 Jun 2026

AI is making blue collar workers like electricians, mechanics richer than office workers

According to an analysis by talent firm Randstad of more than 50 million job postings, demand for electricians in India has jumped by 242% over the past four years. As reported by the Times of India, hiring for HVAC technicians has surged by 200%, while demand for robotics technicians has skyrocketed by more than 500%.

16 Jun 2026

AI can be more disruptive as it targets both cognitive and skill-based jobs: CEA Nageswaran

In an exclusive conversation with ANI, Nageswaran said that while technological change has always disrupted certain categories of employment, AI represents a more complex transition because it is not limited to routine or manual tasks.

16 Jun 2026

US Federal Reserve policy meet: Kevin Warsh-led FOMC keeps interest rates unchanged; projects hike by year-end, raises inflation forecast

Markets had broadly expected the US Federal Reserve to keep its benchmark interest rate unchanged, extending the pause that has been in place throughout the year.

3 hours ago

India-UK FTA clears steel hurdle; 85% of Indian exports shielded from British curbs

India has secured protection for 85% of its steel exports to the UK under the upcoming free trade agreement, with the remaining shipments covered by country-specific quotas and other access schemes. This agreement resolves a key sticking point ahead of the Comprehensive Economic and Trade Agreement's operationalization on July 15.

3 hours ago

PNGRB asks oil, gas firms to strengthen compensation for accident victims

Oil and gas firms are urged by PNGRB to boost worker compensation beyond legal mandates for accident victims and their families. While some companies have improved their voluntary payouts, others lag. The regulator is also pushing for enhanced safety culture and training to prevent incidents, aiming for zero accidents in the sector.

4 hours ago

New resource race: G7 joins forces to challenge China’s critical minerals dominance

G7 leaders are uniting to lessen reliance on China for vital minerals, essential for defense and green tech. Plans include coordinated stockpiling, enhanced recycling, and a new platform with the IEA. The goal is to significantly cut dependence on single suppliers by 2030, fostering more secure global supply chains.

4 hours ago

NSE files DRHP for $2-3 billion IPO; Tiger Global, SBI among major sellers

The National Stock Exchange has officially filed for its long-awaited IPO, aiming to raise $2-3 billion. This move follows a nine-year delay due to the co-location controversy. The offer is entirely an 'offer for sale,' with existing shareholders, including Tiger Global, divesting stakes. This listing marks a significant milestone after regulatory hurdles were cleared.

4 hours ago

India's power generation capacity crosses 530 GW, set to touch 600 GW next year

4 hours ago

China's export surge sparks Europe fears as G7 countries weighs response to 'China Shock 2.0'

Europe faces a looming "China Shock" as booming exports, redirected from the US, threaten its industries. G7 leaders are discussing trade imbalances, with concerns that China's manufacturing dominance and sophisticated products could mirror past disruptions. Policymakers are considering tougher trade measures against Chinese imports, particularly in key sectors.

5 hours ago

Fuel, forex and conflict hit airlines: Domestic carriers’ profits may fall 15% this year

Indian airlines anticipate a 10-15% drop in operating profits this fiscal year. Soaring aviation fuel prices, airspace limitations, and a weakening rupee, exacerbated by the Middle East conflict, are significantly impacting the sector. Despite potential fuel price moderation, higher costs and lease rentals will continue to pressure airline finances.

6 hours ago

'The countdown begins': India-UK FTA to take effect from July 15, UK envoy calls it a 'historic moment'

India and the UK will implement their landmark free trade agreement on July 15, significantly reducing tariffs on key products like whisky and automobiles. This historic pact is set to boost bilateral trade by billions and enhance economic cooperation, with businesses having 28 days to prepare for its benefits.

6 hours ago

'We are very close to deal': Trump signals progress on India-US trade agreement

US President Donald Trump indicated significant progress in trade talks with India, stating a deal is "very close." This follows intensified negotiations and an upcoming visit by the US Trade Representative to finalize a bilateral trade agreement. Most issues are reportedly settled, with discussions focusing on minor details for the initial phase, expected before July 24.

7 hours ago