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Monday, October 19, 2026 8:56 PM

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Only 6% of companies achieve significant financial gains from AI: McKinsey survey

Despite widespread improvements in employee productivity, only a small proportion of companies are translating artificial intelligence (AI) adoption into substantial financial returns, according to McKinsey’s 2026 State of AI survey. The report found that 80 per cent of respondents had experienced improvements in individual productivity through AI. However, only 37 per cent reported a positive impact on earnings before interest and taxes (EBIT), while just 6 per cent of organisations qualified as high performers in AI implementation. McKinsey noted that companies making the greatest progress are redesigning their operating models around products, customer journeys and business processes. Such an approach can accelerate decision-making, strengthen accountability and help businesses respond more quickly to changing priorities. The report emphasised that there is no universal operating model for achieving AI success. Instead, organisations need to simplify workflows, eliminate unnecessary handoffs and ensure resources can be redirected efficiently as business requirements evolve. Only 11 per cent of surveyed organisations had reached the stage of fundamentally rethinking work and value creation through AI. The findings also pointed to growing organisational complexity, with coordinator roles expanding at approximately 1.5 to two times the rate of line roles over the past five years. According to McKinsey, AI could help businesses reduce administrative complexity and improve coordination rather than introduce additional layers of processes and oversight. Stanford economist Erik Brynjolfsson, in a recent conversation with McKinsey, argued that businesses risk overlooking AI’s broader potential when they focus primarily on reducing workforce numbers. He highlighted the importance of reorganising work to take advantage of the new capabilities that AI makes possible. However, the report warned that excessive automation could undermine employee development by removing opportunities to acquire essential skills through routine tasks. If AI agents take over entry-level responsibilities traditionally used to build professional expertise, organisations could face a future shortage of experienced workers capable of exercising sound judgement. A separate survey on AI readiness revealed a significant difference between individual confidence and organisational preparedness. While 70 per cent of respondents said they felt personally ready to work with AI, only 27 per cent of leaders considered their organisations prepared for the changes associated with an agentic AI future. McKinsey stressed the need for clear AI governance frameworks that establish appropriate usage guidelines and define accountability. As an example, the report cited a global life sciences company whose policy requires AI to support employees without undermining human creativity, expertise, autonomy or oversight. Employees remain responsible for work produced with AI assistance. The report concluded that the organisations extracting the greatest value from AI would not necessarily be those deploying the largest number of AI agents or automating the most tasks. Instead, long-term success would depend on rethinking how businesses create value and aligning workflows, talent strategies and leadership practices with the capabilities of AI. Source: ANI

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The Intelligent Campus Revolution: Are Schools and Universities Ready for the Future?

Education is undergoing a significant transformation as artificial intelligence (AI), connected devices, data analytics and digital infrastructure reshape how institutions teach, learn and operate. From smart classrooms and digital learning platforms to automated administrative systems and intelligent campus management, technology is becoming an increasingly important part of the education ecosystem. However, the shift towards intelligent campuses is about more than adopting new technologies. It involves rethinking how educational institutions deliver learning experiences, manage resources, support educators and prepare students for a rapidly changing world. As Maharashtra continues to strengthen its education ecosystem, an important question emerges: Are schools and universities ready to embrace the intelligent campus revolution? Beyond Smart Classrooms: Understanding the Intelligent Campus A smart classroom equipped with digital boards and online learning tools is only one part of a larger transformation. An intelligent campus connects various aspects of institutional operations through technology, enabling better coordination, informed decision-making and more responsive learning environments. AI-powered learning platforms can help educators identify students who may need additional academic support. Connected infrastructure can improve energy management, campus security and resource utilisation, while digital administrative systems can simplify admissions, attendance tracking and communication with parents and students. For universities, intelligent campuses can also support research collaboration, digital libraries, virtual laboratories and industry-linked learning opportunities. In schools, these technologies can make classroom experiences more interactive and help teachers adapt their approaches to different learning needs. The real value of an intelligent campus, therefore, lies not in the number of devices installed but in how effectively technology improves educational outcomes. The Role of AI in Transforming Teaching and Learning Artificial intelligence is emerging as a powerful enabler of personalised and adaptive learning. AI-supported platforms can analyse learning patterns, recommend relevant educational resources and provide timely feedback, helping students progress at their own pace. For teachers and faculty members, technology can reduce repetitive administrative work, assist in preparing learning materials and support the assessment process. This can create more opportunities for educators to focus on mentoring, critical thinking, creativity and meaningful student engagement. Nevertheless, technology cannot replace the human relationships at the heart of education. Teachers remain essential for developing values, encouraging curiosity, understanding individual circumstances and helping students navigate complex social and ethical questions. The challenge for institutions is to integrate AI responsibly, ensuring that technological tools complement educators rather than diminish their role. Building the Digital Infrastructure for Tomorrow An intelligent campus requires a strong and reliable technological foundation. High-speed internet connectivity, secure digital platforms, cloud-based systems, interoperable data infrastructure and appropriate cybersecurity measures are essential to support technology-enabled education. Institutions must also consider whether their existing infrastructure can accommodate emerging technologies without creating fragmented systems or unnecessary costs. Investing in digital tools without a clear implementation strategy can result in underused resources and limited educational benefits. Equally important is ensuring that technology remains accessible to all students. Differences in internet connectivity, access to devices, language proficiency and digital literacy can affect how effectively learners benefit from digital education. Schools and universities must therefore adopt inclusive strategies that combine infrastructure development with digital skills training, accessible learning resources and appropriate student support. From Technology Adoption to Institutional Transformation One of the biggest challenges in building intelligent campuses is moving beyond isolated technology projects towards institution-wide transformation. Successful implementation requires a clear vision, leadership commitment and collaboration among educators, administrators, technology providers and students. Institutions need to identify their priorities, establish measurable objectives and evaluate whether investments are improving teaching quality, student engagement, operational efficiency or employability. Professional development is equally important. Teachers and administrators need the knowledge and confidence to use digital tools effectively. Without adequate training and institutional support, even sophisticated technology may fail to deliver its intended benefits. Data governance and cybersecurity must also remain central to the transformation process. Educational institutions handle sensitive information relating to students, faculty members and institutional operations. Clear policies on data collection, access, privacy and responsible AI use are essential to maintaining trust. Universities as Engines of Innovation For higher education institutions, the intelligent campus offers opportunities that extend beyond classroom learning. Digital research infrastructure, collaborative innovation spaces and industry partnerships can help universities strengthen their contribution to research, entrepreneurship and economic development. By connecting academic programmes with emerging industry requirements, universities can create more opportunities for experiential learning, interdisciplinary research and skills development. Intelligent systems can also support institutional planning by helping leaders understand student needs, allocate resources and identify areas requiring improvement. However, technological advancement must be accompanied by academic freedom, ethical oversight and a commitment to producing socially responsible graduates. The objective should be to use technology to expand the possibilities of higher education while preserving its broader intellectual and social purpose. Preparing Students for an AI-Driven World As workplaces evolve, students will need more than technical knowledge to succeed. Critical thinking, communication, creativity, adaptability, collaboration and ethical decision-making will remain essential alongside digital and AI literacy. Educational institutions must create learning environments where students can apply knowledge to real-world challenges, work across disciplines and develop practical competencies. Project-based learning, industry engagement, internships and entrepreneurship initiatives can help bridge the gap between academic learning and professional expectations. An intelligent campus should ultimately prepare students not merely to use technology but to understand its implications, question its limitations and apply it responsibly. Are Schools and Universities Ready? Readiness for the intelligent campus revolution will differ across institutions. While some schools and universities may already have advanced digital infrastructure and established technology strategies, others may still be addressing fundamental challenges relating to connectivity, funding, training and access. There is no single model that every institution must follow. The way forward depends on institutional needs, available resources, student demographics and long-term educational priorities. What matters is a strategic approach that places learning outcomes at the centre of technological investment. Institutions must assess their current capabilities, identify practical priorities and introduce solutions that can evolve with changing educational requirements. The intelligent campus is not simply a destination defined by technology. It is an ongoing process of

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India Salaries Expected to Rise 9.1% in 2027 Amid Global Economic Uncertainty: Aon Report

Average salaries in India are projected to increase by 9.1% in 2027 as companies seek to attract and retain skilled employees while managing rising workforce costs and uncertain global economic conditions, according to a report released by professional services firm Aon on Wednesday. The estimate comes from Aon’s Annual Salary Increase and Turnover Survey for India 2026-27 and is broadly in line with the average salary hike of 9% recorded in 2026. The study covered more than 1,200 organisations across 45 industries, making it one of India’s largest compensation surveys. The report noted that strong domestic consumption, continued investments and export growth are supporting business confidence, enabling employers to maintain compensation spending while remaining focused on cost efficiency. Among sectors, non-banking financial companies (NBFCs) are expected to record the highest salary increases at 10.1% in 2027. The energy sector is projected to follow with increments of 9.9%, while real estate and infrastructure companies are expected to offer hikes of 9.8%. Roopank Chaudhary, Partner and Rewards Consulting Leader for Talent Solutions India at Aon, said employers are increasingly directing compensation towards critical roles and employees with skills in high demand. He noted that stable salary budgets, alongside a modest increase in non-merit adjustments in manufacturing and technology, indicate a growing emphasis on market competitiveness and workforce priorities. The survey also highlighted rising employee attrition, with the overall rate reaching 18% in 2026, compared with 16.2% in 2025 and 17.1% in 2024. The trend underscores the continuing challenge of retaining talent amid competition for skilled professionals. Meanwhile, the adoption of artificial intelligence (AI) productivity tools continued to expand across workplaces. Established usage increased to 56% in 2026 from 46.1% in the previous year, with adoption spreading across all major job categories examined in the survey. Amit Kumar Otwani, Associate Partner at Aon’s Talent Solutions India, emphasised that employers must look beyond regulatory compliance when implementing the Wage Code. He highlighted the importance of evaluating its wider implications for workforce management and costs while communicating changes effectively to employees. Source: IANS  

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IIT Kanpur Launches $1 Billion Fundraising Drive, Announces ₹180-Crore Innovation School in Noida

The Indian Institute of Technology (IIT) Kanpur has announced plans to establish a ₹180-crore school dedicated to innovation and entrepreneurship at its Noida campus, alongside a major fundraising campaign targeting $1 billion (approximately ₹9,000 crore) by March 2029. Named the Gautam School of Innovation & Entrepreneurship (G-SINE), the new institution aims to help students transform research and emerging technologies into commercially viable products and technology-driven startups. Its flagship MBA programme in Technology and Entrepreneurship is scheduled to commence in July 2027. The school forms part of IIT Kanpur’s ‘Greater Than Us’ campaign, which will support research and development across seven strategic technology domains: artificial intelligence, cybersecurity, drones, medical technology, sustainability, semiconductors and quantum technologies. Defence Minister Rajnath Singh launched the campaign in New Delhi on October 14. According to IIT Kanpur Director Manindra Agrawal, the institute has already secured commitments worth ₹4,155 crore from alumni, corporate donors, government bodies and other partners, representing nearly half of the overall fundraising target. G-SINE is being established with a ₹180-crore commitment from IIT Kanpur alumnus Rahul Gautam, with a memorandum of understanding signed during the campaign launch. Agrawal emphasised the importance of bridging the gap between laboratory research and commercial deployment. The school will focus on helping faculty members and students advance technologies towards market readiness, with entrepreneurship and startup development forming central elements of its approach. The institution will have dedicated full-time faculty members and degree programmes, covering areas such as AI, cybersecurity, digital health, biotechnology, drones and advanced manufacturing. It will also work alongside a proposed Deep Tech Hub at the Noida campus, providing students with access to product development and testing facilities. The institute’s Startup Incubation and Innovation Centre (SIIC), which has incubated 571 startups, will further support the initiative. The ₹9,000-crore fundraising campaign is structured around three pillars: Foundation, Talent and Frontier. Of the total target, ₹5,000 crore is earmarked for infrastructure, including research facilities, computing resources and student housing. Another ₹3,000 crore will support scholarships, doctoral fellowships and faculty recruitment, while ₹1,000 crore will be allocated to strategic technology initiatives. Agrawal said the campaign reflects IIT Kanpur’s commitment to strengthening India’s capabilities in strategically important technologies and reducing dependence on external technology ecosystems. The initiative builds on the institute’s existing specialised schools in medical sciences and technology, artificial intelligence and sustainability. IIT Kanpur also plans to establish dedicated funds to attract leading faculty members without financial constraints becoming a barrier to recruitment. Source: Indian Express  

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Moj Crosses 500 Million Downloads, More Than Doubles Daily User Engagement

Moj, the short-video platform owned by Mohalla Tech, has surpassed 500 million downloads on the Google Play Store, marking another milestone for the homegrown social media company. According to the company, Moj ranks fourth in India’s Social Media category on the platform and is the only Indian app among the top four. The platform generates more than one billion video plays daily and records nearly 300 minutes of usage per user each month. Launched in 2020, Moj has built a network of over three million creators and offers content in multiple Indian languages. The introduction of ad-supported micro-dramas last year has significantly boosted engagement, with daily time spent per user more than doubling to nearly 50 minutes. The platform has also become an important source of income for creators, who collectively earn close to ₹100 crore annually. Moj reported 100% year-on-year revenue growth over the past 12 months, attributing part of the expansion to rising advertiser interest in micro-dramas, commerce integrations and branded content. Ankush Sachdeva, CEO and co-founder of Mohalla Tech, said the 500-million-download milestone reflected the trust and engagement of users across India. He added that Moj would continue to focus on stories, creators and trends representing the country’s linguistic and cultural diversity while helping brands engage audiences through immersive storytelling. Source: Economic Times  

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PM Modi to Launch Five Ladakh Development Projects Worth ₹3,350 Crore

Prime Minister Narendra Modi will inaugurate and dedicate five major development projects worth approximately ₹3,350 crore in Ladakh through video conferencing tomorrow. The initiatives focus on improving regional connectivity, strengthening power infrastructure, preserving cultural heritage and enhancing water security. The Prime Minister will also address the gathering during the event. Among the key projects is the new passenger terminal building at Kushok Bakula Rimpochee Airport in Leh, constructed at a cost of ₹640 crore. Spanning 23,800 square metres, the facility is designed to accommodate up to 35 lakh passengers annually. Modi will also dedicate the 298-km-long Nimmu-Padum-Darcha Road, built by the Border Roads Organisation (BRO). The strategic route connects Nimmu in Leh with Darcha in Himachal Pradesh through the remote Zanskar Valley, offering an alternative access corridor to Ladakh alongside the Srinagar-Leh and Manali-Leh highways. The Prime Minister will further inaugurate the 9 MW Hanu Small Hydroelectric Project and the 66 kV double-circuit Dah-Hanu-Khaltsi Transmission Line to strengthen electricity transmission and improve power supply reliability across the region. The remaining initiatives include India’s first Petroglyph Conservation Park at Sindhu Ghat in Leh and 40 water bodies developed across 40 villages under Project Him Sarovar, aimed at supporting water security in Ladakh. Source: News on AIR

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CBSE Releases Class 12 Special Exam Timetable for Students in West Asian Countries

The Central Board of Secondary Education (CBSE) has announced the timetable for Class 12 special board examinations for students in West Asian countries. The date sheet is available on the board’s official website, cbse.gov.in. The examinations will be conducted from October 23 to October 28, 2026, for students who are dissatisfied with the marks awarded under the special assessment scheme introduced after the cancellation of regular examinations amid the prevailing conflict in the region. Earlier, CBSE cancelled Class 12 board examinations for 40 subjects, including 20 academic papers, across seven West Asian countries: Bahrain, Iran, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE). The decision was taken in view of the prevailing war situation, according to examination controller Sanyam Bhardwaj. On March 27, the board introduced an assessment scheme outlining how results would be calculated for affected candidates. The results of regular Class 12 students in the region were subsequently declared on May 13, alongside those of candidates in India and other countries. Under the scheme, students unhappy with their results were given an opportunity to appear for examinations in subjects whose papers had previously been cancelled. Last month, eligible candidates were asked to submit examination forms for the subjects in which they wished to appear. CBSE Class 12 Special Exam Timetable 2026 The subject-wise examination schedule for students appearing in the special board examinations is provided below. Subject Exam Date Exam Timing Political Science October 23, 2026 10:30 am to 1:30 pm Economics October 23, 2026 10:30 am to 1:30 pm Mathematics October 23, 2026 10:30 am to 1:30 pm Applied Mathematics October 23, 2026 10:30 am to 1:30 pm Psychology October 24, 2026 10:30 am to 1:30 pm Business Studies October 24, 2026 10:30 am to 1:30 pm Physical Activity Trainer October 24, 2026 10:30 am to 1:30 pm Biology October 26, 2026 10:30 am to 1:30 pm Information Technology October 26, 2026 10:30 am to 1:30 pm Marketing October 26, 2026 10:30 am to 1:30 pm Multimedia October 26, 2026 10:30 am to 1:30 pm Artificial Intelligence October 26, 2026 10:30 am to 1:30 pm Home Science October 27, 2026 10:30 am to 1:30 pm Informatics Practices October 27, 2026 10:30 am to 1:30 pm Computer Science October 27, 2026 10:30 am to 1:30 pm English Core October 28, 2026 10:30 am to 1:30 pm Admit Cards Released; Results to Replace Earlier Performance CBSE has also issued admit cards for the special examinations, which will be held at designated centres in the participating countries. According to Bhardwaj, one examination centre has been established in each country based on the List of Candidates (LOC) submitted by students. The board has clarified that the result of the special examination will be treated as final and will replace the candidate’s earlier performance. Students appearing for the examinations are advised to check the official date sheet and admit card details carefully before their respective papers. Source: PTI  

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Maharashtra to Introduce Digital Milk Tracking System to Combat Adulteration

Maharashtra is planning to introduce a digital milk-tracking mechanism within the next six months to a year to strengthen food safety and curb adulteration. The proposed system will enable authorities to trace milk from dairies and collection centres back to the individual animal, Maharashtra Food and Drug Administration (FDA) Commissioner Tukaram Mundhe said. Speaking at the India Today Conclave Mumbai 2026, Mundhe said the FDA had initiated inspections at milk collection centres across the state to identify adulteration, unsafe milk and violations of prescribed hygiene and handling standards. The proposed digital system will use animal identification data, including details recorded on ear tags, to establish a link between milk production and the animals from which the milk originates. The FDA plans to coordinate with the Animal Husbandry Department to match animal records with milk production data, helping officials identify discrepancies and trace the source of potentially adulterated milk. Mundhe said the department had identified hundreds of milk collection centres for inspection around 15 days earlier, with enforcement teams working to trace milk supplies back to individual farmers. He added that collection centres, chilling facilities and dairies previously found violating regulations had begun improving compliance following inspections and enforcement measures. FDA Calls for Greater Public Participation in Food Safety The FDA commissioner emphasised that food safety requires collective responsibility from consumers, food businesses and government agencies rather than relying solely on individual officials. He noted that safe food practices have implications for public health, economic development, farmers and the country’s overall growth. According to Mundhe, awareness and compliance are gradually expanding across the food sector, from street food vendors to established businesses, although the pace of improvement differs. He also highlighted Maharashtra’s ‘Eat Right School’ initiative, which encourages children to adopt healthier eating habits, consume nutritious food and avoid excessive junk food. The programme has received encouraging feedback from parents, he said. FDA Steps Up Pharmaceutical Industry Inspections Mundhe also outlined the department’s enforcement efforts in the pharmaceutical sector, including action against establishments that fail to comply with regulatory requirements. Inspections cover pharmacies, drug manufacturing facilities and producers of active pharmaceutical ingredients (APIs), which are essential components of medicines. He said inspections had uncovered shortcomings at certain manufacturing facilities, including equipment affected by rust. The department is strengthening surveillance and enforcement to address such deficiencies and improve compliance across the pharmaceutical supply chain. The planned digital milk-tracking system, alongside inspections and awareness initiatives, is expected to support efforts to improve food safety standards and strengthen accountability across Maharashtra’s dairy sector. Source: PTI  

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Green Cards Not Central to Workforce Strategy, Says TCS CEO Amid Shift to Local US Hiring

Tata Consultancy Services (TCS) has said that green cards have never been a central component of its workforce strategy, as the IT services major reduces permanent residency applications for H-1B employees and expands local recruitment in the United States. TCS CEO K. Krithivasan said the US suspension of green card processing would not significantly change the company’s approach to talent management. He noted that applications for permanent residency filed by the company in recent years had fallen to single-digit levels, as explained by the company’s human resources leadership. The company has been increasing its reliance on locally recruited professionals in the US, who now account for 50 per cent of its workforce. TCS plans to hire an additional 15,000 employees in the country over the next five years. Of its approximately 30,000-strong US workforce, around 11,000 employees are on H-1B visas. Krithivasan explained that the company’s operating model involves employees travelling from India to the US for client assignments lasting two to three years before returning. He highlighted the continuous movement of talent between onsite and offshore operations as a key feature of its workforce strategy. TCS also said fresher recruitment would remain aligned with business demand rather than a predetermined annual target of 40,000. The company hired 10,000 fresh graduates in the September quarter, compared with 14,000 in the preceding quarter. Meanwhile, TCS has increased its intake of AI-native talent from Indian universities by 50 per cent as it strengthens its artificial intelligence capabilities. Chief Human Resources Officer Sudeep Kunnumal said these recruits were adapting naturally to AI-led work and delivering strong results for clients. The company added 4,258 employees during the quarter, taking its total headcount to approximately 5.9 lakh. Its annualised AI revenue crossed $3.1 billion, contributing more than 10 per cent of overall revenue. Krithivasan also highlighted emerging AI-led engagements, including projects involving Porsche and Best Buy, in which TCS helps clients rethink their operating models to adapt to changing business requirements. The company aims to help organisations transition towards AI-first operations rather than focusing solely on revenue acquisition or protecting existing business. TCS expects growing demand for AI services to compensate for productivity-driven pricing pressures in traditional technology services. However, Krithivasan indicated that a more decisive shift in the balance could take between six quarters and three years. He added that technology spending could remain stable or rise modestly as businesses invest in AI, technology modernisation and operational improvements. Source: TNN  

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‘Ramayana’ Part One Set for Worldwide Release on November 5; Advance Bookings to Begin on Dussehra

The makers of Ramayana have announced that the first instalment of the ambitious two-part cinematic adaptation will arrive in theatres worldwide on November 5. The announcement was made on the first day of Navratri, alongside the unveiling of a new ensemble poster featuring Ranbir Kapoor, Sai Pallavi, Ravie Dubey and Yash. Advance bookings for the film are scheduled to open on Dussehra. The makers marked the announcement with the tagline, “Yeh Ram Ke Yug Ka Aarambh Hai,” signalling the beginning of the film’s cinematic journey. The newly released poster features Kapoor as Lord Rama, Pallavi as Sita and Dubey as Lakshman, while Yash appears as the formidable Ravana. Actor Sunny Deol will portray Hanuman. Directed by Nitesh Tiwari, the film brings one of India’s most revered epics to the big screen through a two-part adaptation. The narrative centres on Lord Rama’s journey, his exile, Sita’s abduction by Ravana and the ensuing conflict between good and evil. The project is produced by Namit Malhotra’s Prime Focus Studios in collaboration with DNEG and Yash’s Monster Mind Creations. The production aims to recreate the epic’s mythological world through elaborate sets, detailed costumes and large-scale visual effects. The film’s musical score brings together Oscar-winning composer Hans Zimmer and acclaimed Indian composer A. R. Rahman. Terry Notary and Guy Norris are also part of the action team. The first instalment will release in Hindi, Tamil, Telugu, Kannada and Malayalam, with screenings planned across premium theatrical formats, including IMAX. The second part is scheduled to arrive during Diwali 2027. Sony Pictures will oversee international distribution outside India, while Dharma Productions will handle distribution across the Hindi-speaking market. Source: PTI

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