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Wednesday, October 28, 2026 11:21 AM

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IIM Bangalore, Axis Bank Join Hands to Establish Centre of Economics at New Undergraduate Campus

The Indian Institute of Management Bangalore (IIMB) has partnered with Axis Bank to establish a Centre of Economics at the IIMB–Dorabji Tata School of Undergraduate Studies, located at its new campus in Jigani, Bengaluru. The two institutions have signed a memorandum of understanding (MoU) to support the development and functioning of the centre. Under the agreement, Axis Bank will fund the construction and operationalisation of the centre within the campus’s Integrated Academic and Administrative Block, part of Phase I. The partnership will also support faculty development initiatives, academic research, and need-based and merit-based scholarships for students. The Centre of Economics will promote an interdisciplinary approach to economics education, combining quantitative and computational methods with data analytics and empirical research. Its academic programmes will focus on applying economic concepts to real-world challenges while aligning the curriculum with international standards and contemporary research practices. Vijay Mulbagal, Group Head – Wholesale Bank Coverage, Corporate Salary, Sustainability and CSR at Axis Bank, said the collaboration seeks to strengthen undergraduate education and research through academic programmes benchmarked against global standards. Prof. U. Dinesh Kumar, Director-in-charge of IIM Bangalore, highlighted the centre’s role in enabling students and faculty to explore the factors shaping economic development at national and global levels. He added that Axis Bank’s support would strengthen academic infrastructure and create opportunities to advance the institution’s vision of building a world-class undergraduate education ecosystem. The IIMB–Dorabji Tata School of Undergraduate Studies welcomed its first cohort in August 2026. The inaugural batch comprises 80 students selected from nearly 12,000 applicants for its Bachelor of Science (Honours) programmes in Data Sciences and Economics. Among them, 40 students will pursue a Bachelor of Science degree in Economics with a minor in Data Sciences at the Axis Bank Centre of Economics. Through its interdisciplinary model, the school aims to integrate subject-specific expertise with quantitative capabilities and practical, data-driven applications, preparing students to address emerging challenges in economics and related fields. Source: Indian Express

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Microsoft Offers Voluntary Buyouts to 60,000 Employees Amid Rising AI Investments

Microsoft has announced a voluntary buyout programme for approximately 60,000 employees, representing more than a quarter of its global workforce, as the technology company seeks to control costs and finance its expanding investments in artificial intelligence (AI). According to a source familiar with the matter, the programme will cover employees across several divisions, including AI experiences, Copilot, finance, human resources, Xbox, and Windows + Devices. Marketing, commercial business and security teams will be excluded from the initiative. Microsoft Chief People Officer Amy Coleman said in an internal memo that the offer would provide eligible employees considering opportunities outside the company with a supported transition option. She added that the programme would also help participating business units adjust their workforce to evolving organisational requirements. The move comes as Microsoft and other major technology companies continue to invest hundreds of billions of dollars in AI infrastructure, including data centres and advanced chips. These substantial expenditures have attracted investor attention over concerns about the potential returns on such investments. Microsoft has projected capital expenditure of $175 billion for the 2026 calendar year. The company reported 223,000 full-time employees worldwide as of June 30, 2026, according to its annual filing. The latest buyout offer follows an earlier voluntary programme introduced this year for approximately 9,000 employees, accounting for around 7% of its US workforce. In July, Microsoft also announced plans to eliminate 4,800 jobs, representing approximately 2.1% of its global workforce, as part of a restructuring of its Xbox gaming business. The changes included plans to divest up to five gaming studios as the company sought to improve returns from the division. The latest voluntary buyout scheme will be available to eligible employees at level 70 and below in participating teams across Canada, India, the United Kingdom and the United States. Microsoft described the initiative as a time-limited programme informed by lessons from its previous voluntary retirement scheme. Eligible employees were expected to receive further details shortly after the announcement. Source: Reuters  

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12th BRICS Parliamentary Forum Underway in New Delhi

The 12th BRICS Parliamentary Forum is being held at Samvidhan Sadan in New Delhi, with Lok Sabha Speaker and forum chairperson Om Birla and parliamentary leaders from BRICS member and partner countries attending the event. The two-day forum is centred on the theme, “Fostering Parliaments for People-Centric Development.” Prime Minister Narendra Modi is scheduled to participate in the event and interact with leaders of the visiting delegations. Eleven BRICS member countries and 10 partner countries have been invited to participate in the forum. The discussions aim to strengthen consensus-based dialogue through four high-level sessions focusing on resilience, innovation, cooperation and sustainability. The deliberations will also address issues related to terrorism. In addition, a dedicated meeting of the chairs of international affairs committees from the parliaments of BRICS member and partner countries will focus on parliamentary diplomacy, capacity-building and the exchange of best practices. The forum seeks to build on previous parliamentary engagements among BRICS nations and strengthen cooperation between legislatures on shared development priorities and global challenges. Source: News on AIR  

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India’s Creator Economy: Turning Digital Influence into Sustainable Businesses

India’s creator economy is entering a new phase. What began as a space for sharing videos, personal opinions and everyday experiences has evolved into a dynamic business ecosystem connecting creators, brands, audiences and digital platforms. From YouTubers and Instagram influencers to podcasters, educators and regional-language storytellers, creators are finding new ways to turn their ideas and influence into income. But as the industry grows, an important question emerges: Can digital influence translate into a sustainable business, or does success still depend too heavily on algorithms, viral content and brand deals? The answer lies in how creators approach their work. Building an audience may open the door, but creating a lasting business requires strategy, consistency, financial discipline and a clear understanding of what audiences value. The Rise of India’s Creator Economy India’s digital landscape provides fertile ground for the creator economy. Affordable smartphones, widespread internet access, social media adoption and the popularity of short-form video have made content creation accessible to people across cities, towns and smaller communities. Creators no longer need to belong to established media organisations to reach large audiences. A teacher can explain complex concepts through short videos, a home chef can build a food-focused community, and a regional storyteller can connect with viewers who rarely see their experiences represented in mainstream media. This shift has also expanded the definition of a creator. Beyond entertainers and lifestyle influencers, the ecosystem now includes independent journalists, financial educators, gaming professionals, subject-matter experts, artists and niche community builders. Regional-language content is particularly important. Audiences increasingly have opportunities to discover information and entertainment in languages they use in everyday life. For creators, this creates room to build meaningful communities around local culture, specialised interests and shared experiences. The opportunity, however, extends beyond gaining followers. It lies in building relationships that can support a business over time. From Followers to Customers: Understanding the Real Value of Influence A large following may look impressive, but it does not automatically translate into revenue. A creator with hundreds of thousands of followers may struggle to generate consistent income, while another with a smaller, highly engaged audience may build a profitable business. The difference often comes down to trust, relevance and audience intent. When people consistently turn to a creator for reliable advice, entertainment, inspiration or product recommendations, that relationship becomes valuable. Brands are interested not only in how many people a creator can reach, but also in whether those people listen, engage and take action. This makes audience quality an important consideration in creator-led businesses. Engagement, repeat viewership, community participation and audience loyalty can offer more meaningful signals than follower counts alone. Creators who understand their audience are also better placed to identify business opportunities. A fitness creator might develop a structured training programme, while a professional illustrator could sell digital resources or conduct workshops. A regional food creator might build a brand around recipes, culinary experiences or collaborations with local businesses. In each case, the business grows from the value the creator already provides. Beyond Brand Deals: Building Multiple Revenue Streams Brand collaborations remain an important source of income for many creators. Sponsored videos, product placements, affiliate marketing and campaign partnerships allow businesses to reach specific audiences through familiar and relatable voices. However, relying entirely on brand deals can leave creators vulnerable to fluctuating marketing budgets, changing platform policies and unpredictable campaign demand. A more resilient approach involves developing multiple revenue streams that complement one another. 1. Brand Partnerships and Affiliate Marketing Creators can collaborate with brands whose products or services genuinely match their content and audience. Affiliate links and referral arrangements can provide additional income when audiences make purchases through their recommendations. The key is credibility. Audiences are more likely to maintain trust when promotional content is relevant, transparent and based on honest assessments rather than repeated endorsements. 2. Products and Services Owned by Creators Selling products or services allows creators to move beyond earning solely from someone else’s advertising budget. Depending on their expertise, they might offer online courses, e-books, merchandise, consulting, digital templates, workshops or specialised services. These offerings also give creators greater control over pricing, positioning and customer relationships. 3. Memberships and Community-Based Models Some audiences are willing to pay for deeper access to a creator’s work. Paid communities, memberships, exclusive content and subscription-based newsletters can generate recurring revenue when they deliver consistent value. Such models work best when the creator has established a clear reason for audiences to return, participate and remain subscribed. 4. Intellectual Property and Content Licensing A creator’s work can have value beyond the platform on which it first appears. Original videos, photographs, illustrations, music, educational material and other creative assets may generate licensing opportunities, subject to appropriate rights and agreements. Over time, a recognisable content library and distinctive creative identity can become business assets in their own right. No single revenue model suits every creator. The objective is to build a combination that reflects the audience, the creator’s strengths and the resources required to maintain quality. Why Personal Branding Is a Business Asset In a crowded digital environment, visibility alone is not enough. Creators need a clear identity that helps audiences understand what they stand for and why their work is worth following. Personal branding goes beyond logos, colours and a carefully designed profile. It is shaped by the creator’s subject expertise, communication style, values, consistency and relationship with the audience. A technology creator who explains complex developments in simple language, for example, can establish a recognisable position through clarity and reliability. A travel creator might differentiate themselves through responsible tourism, detailed local knowledge or practical budget advice. A strong personal brand also helps businesses assess whether a partnership is appropriate. When a creator’s audience, values and expertise align with a brand’s objectives, collaborations can feel more natural and produce better outcomes. This does not mean creators should avoid experimentation. It means that new formats and ideas should strengthen, rather than constantly dilute, the identity they are building. The Algorithm Trap: Why Creators Need Greater

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Mid-Career Professionals to Account for 93% of Healthcare GCC Hiring Demand in 2026: Report

Mid-career professionals are expected to dominate recruitment at healthcare Global Capability Centres (GCCs) in India in 2026, accounting for nearly 93% of hiring demand, according to a report by staffing and workforce solutions firm Quess Corp. The sector is projected to generate around 67,000 job openings during the year. The findings are outlined in Quess Corp’s India Healthcare GCC Outlook 2026, which draws on secondary research, job postings across multiple recruitment platforms and publicly available information. The report highlights the growing demand for professionals with three to 12 years of experience, as companies increasingly prioritise specialised skills and industry expertise. India’s healthcare GCC ecosystem has expanded to 155 organisations employing approximately 3.2 lakh professionals. These centres are moving beyond conventional support operations towards artificial intelligence (AI), scientific research, clinical development and digital health services. Recruitment demand is increasingly focused on specialised roles in AI, data analytics, clinical research and regulatory functions. However, the report points to a widening talent shortage in these areas, with the supply of suitably qualified professionals struggling to meet industry requirements. Bengaluru and Hyderabad remain major hubs for healthcare GCCs, together accounting for 62.2% of the existing workforce and 58.4% of projected hiring demand in 2026. Kapil Joshi, CEO of Quess IT Solutions, said hiring in India’s healthcare GCC sector nearly doubled in the previous year, but the availability of skilled professionals remains a significant challenge. He noted that the AI and data segment has only 1.6 professionals available for every job opening, while employers increasingly seek mid-career specialists who combine technological expertise with an understanding of healthcare regulations. Joshi added that as fresher recruitment slows, companies need to focus on developing the next generation of specialised professionals to address future workforce requirements. Source: PTI Tags: 

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Assam Announces Recruitment Exams for 5,734 Government Posts on February 1, 2027

Assam Chief Minister Himanta Biswa Sarma has announced that recruitment examinations for 5,734 vacancies across six government departments will begin on February 1, 2027, giving candidates approximately three months to prepare. In a post on social media platform X on Saturday, Sarma encouraged young aspirants to use the available preparation time effectively and put forward their best efforts to secure government jobs. …and the jobs begin! On February 1, 2027 we will begin the process to fill up over 5,700 posts across 6 Departments. My young friends have 3 full months to prepare themselves and give their best to be selected as one among the 5,734. https://t.co/a3v6tfYs6J — Himanta Biswa Sarma (@himantabiswa) October 24, 2026 The Assam Police has the largest share of vacancies, with 2,236 posts available. The Forest Department follows with 1,307 vacancies, while the Home Guards department has 827 openings. The Assam Police Radio Organisation (APRO) accounts for 684 posts, while Fire and Emergency Services has 489 vacancies. The Prisons Department has the remaining 191 posts. The announcement provides prospective candidates with a timeline to prepare for the upcoming recruitment examinations across the six departments. Further details regarding the examination process and application requirements are expected through the relevant official channels. Source: PTI

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Centre Flags Programme Code Violations by TV Channels, Advises Caution in AI Use

The Ministry of Information and Broadcasting has raised concerns over violations of the Programme Code by private satellite television channels and directed broadcasters to comply strictly with the prescribed regulations, warning that non-compliance could lead to action. In an advisory issued on Wednesday, the ministry also urged television channels to exercise caution while using artificial intelligence (AI), including generative AI, for graphics, virtual news presentations and other programmes. It said AI tools should be used only in an assistive capacity without compromising the accuracy, authenticity or sensitivity of news content. The ministry noted that several channels had breached provisions of the Programme Code under the Cable Television Networks (Regulation) Act, 1995, and the Cable Television Networks Rules, 1994. An inter-departmental committee observed that certain broadcasts were inconsistent with the spirit of the code, including instances where multiple channels aired similar news and visuals on the same subjects. The committee called for strict compliance with statutory requirements and stressed that inappropriate behaviour and language should not be normalised during television broadcasts. The advisory also emphasised the need for careful selection and sensitisation of panellists for debates and discussions to prevent communal or anti-national content. Broadcasters were advised to use measures such as muting audio, displaying disclaimers or discontinuing feeds to prevent derogatory, abusive or inflammatory remarks from being aired. Reiterating existing restrictions, the ministry prohibited live coverage of anti-terror operations conducted by security forces. Channels must rely on periodic briefings from authorised officers until such operations are completed. Broadcasters were further asked to avoid sensational reporting of crime and violence, exercise discretion when showing disturbing visuals and refrain from repeatedly airing or looping such footage. Reports on disasters and major accidents should be based on verified information, with visuals time-stamped wherever necessary to prevent public panic. The ministry also directed channels to use only authentic maps of India published by the Survey of India. Additionally, broadcasters must ensure that the identities of victims of sexual offences remain protected, including by withholding indirect details that could reveal their identities. The advisory called on television channels to strengthen their editorial oversight and content review mechanisms to ensure responsible broadcasting and compliance with established standards. Source: PTI

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Amazon to Hire Over 300,000 Workers for US Holiday Season, First Increase in Three Years

Amazon has announced plans to recruit more than 300,000 workers across the United States for the upcoming holiday season, marking its first increase in seasonal hiring in three years as the e-commerce giant prepares for a rise in customer orders. The company had maintained seasonal recruitment at around 250,000 workers annually over the past three years. The latest hiring drive will include seasonal, part-time and full-time positions across its core US operations. The recruitment expansion comes amid expectations of stronger holiday spending. The National Retail Federation forecast last week that US holiday sales would grow by 4.2% year-on-year, exceeding $1 trillion this year. Amazon also announced changes to employee benefits. From next year, seasonal workers who work at least 30 hours per week will become eligible for the healthcare benefits available to regular full-time employees. The move follows Walmart’s recent expansion of healthcare benefits for its workforce as rising medical expenses and the increasing cost of living continue to put pressure on American households. Amazon’s hiring announcement comes shortly after the company disclosed a limited number of layoffs in its retail division earlier this month. The company said full-time employees would receive a minimum wage of $20 per hour, with average pay reaching nearly $24 per hour. Seasonal workers will earn an average hourly wage of $20. The increased recruitment is expected to help Amazon manage the anticipated surge in holiday orders while providing temporary employment opportunities during one of the busiest periods for the US retail industry. Source: Reuters  

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FSSAI Warns Food Companies Over Non-Compliance with Labelling Norms for Health Supplements

The Food Safety and Standards Authority of India (FSSAI) has raised concerns over food businesses failing to comply with mandatory labelling requirements for nutraceuticals, health supplements and other specialised food products. The regulator has warned of action against businesses that do not follow the prescribed rules. In an advisory shared on social media on Monday, FSSAI highlighted the need to comply with labelling requirements and display appropriate warning statements for plant-based and botanical ingredients, including their extracts. The regulator said several Food Business Operators (FBOs) involved in manufacturing and selling nutraceuticals, health supplements, foods for special dietary use and foods for special medical purposes were not following the stipulated labelling standards and warning requirements. These products are governed by the Food Safety and Standards (Health Supplements, Nutraceuticals, Food for Special Dietary Use, Food for Special Medical Purpose, Functional Food and Novel Food) Regulations, 2016. The regulations cover categories such as health supplements, functional foods, products containing prebiotic and probiotic ingredients, and novel foods. According to FSSAI, the framework specifies permissible limits for plant and botanical ingredients and their extracts, whether used individually or in combination with other ingredients. The regulations also prescribe strict labelling standards and prohibit products from making medicinal claims or suggesting that they can cure diseases. Warning statements must be clearly visible, legible and prominently displayed to help prevent misuse, particularly among vulnerable consumers. FSSAI has urged food businesses to ensure compliance with the applicable requirements, emphasising the importance of accurate product labelling and appropriate warnings to safeguard consumer health and safety. Source: PTI

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82% of Indian Students Prefer Handwritten Notes for Better Retention Despite AI Adoption: Survey

Most Indian students recognise the benefits of artificial intelligence (AI) in completing academic tasks faster but remain concerned that excessive reliance on the technology could affect their ability to understand and retain study material in depth, according to the HP Futures 2026 global survey. The survey found that 82% of Indian students prefer traditional learning methods, such as handwriting or printing notes, to improve their memory and retain what they have studied. Despite these concerns, students acknowledge the importance of combining AI tools with essential skills such as creativity and critical thinking to succeed in the future job market, the report revealed. The findings also highlighted optimism about AI’s impact on employment. Around 78% of Indian students believe AI will create more job opportunities than it eliminates, while 87% expressed confidence in their ability to use AI tools effectively and responsibly in their future careers. Confidence in the education system was also high, with 92% of respondents in India believing that their education is preparing them for the job market. The report was developed by HP in collaboration with the Global Learning Council and the Education Leaders Forum. It brought together 58 experts from the education, policy and future-of-work sectors to examine how education systems can prepare young people for an AI-driven workplace. The survey covered more than 6,000 students worldwide, including 758 from India. The report called on policymakers in India and other countries to establish clear strategies for making critical thinking, creativity and other transferable skills integral to mainstream education rather than treating them as optional or extracurricular components. It also emphasised the need to prioritise literacy, numeracy and foundational learning while incorporating practical, engaging and creative teaching approaches. The findings underline the importance of balancing AI adoption with traditional learning practices and core intellectual skills to prepare students for an evolving employment landscape. Source: PTI

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