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Monday, August 3, 2026 9:24 PM

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Climate Change Could Wipe Out Thousands of Urban Jobs in India by 2050: World Bank

India’s major cities could face the loss of hundreds of thousands of jobs over the next few decades as extreme heat increasingly makes outdoor work unsafe, according to a new World Bank report. The findings highlight the growing economic impact of climate change on employment, productivity, and urban development. The report estimates that New Delhi could lose the equivalent of 266,000 full-time jobs by 2030, with the figure rising to 418,000 by 2050 due to unsafe working conditions caused by extreme heat. Kolkata is projected to lose 360,000 jobs by 2030 and 391,000 by 2050, while Mumbai could see losses increase from 204,000 to 255,000 during the same period. Chennai is expected to lose 141,000 jobs by 2030, rising slightly to 145,000 by 2050. South Asia Faces Growing Economic Risks Across South Asia, extreme heat is already responsible for the loss of an estimated 31 million full-time jobs annually. The World Bank warns that without stronger climate adaptation measures, the region’s economy could shrink by nearly 7% by 2050. With an additional 280 million people expected to join the working-age population by mid-century, rising temperatures pose a serious challenge to employment and long-term economic growth. Johannes Zutt, the World Bank’s Vice President for South Asia, said the region’s cities are vital to future economic progress, but increasing temperatures threaten jobs, livelihoods, and overall productivity. Heat Impact Extends Beyond Workplaces The report also highlights how rising temperatures could disrupt transportation and daily life. Indira Gandhi International Airport in New Delhi is among the few major airports worldwide projected to experience temperatures close to or above 50°C for several days each year by 2030, potentially forcing airlines to reduce passenger or cargo loads. In Delhi, around 38% of Metro commuters’ travel time is spent walking, exposing millions to dangerous heat levels. Other cities are also expected to see worsening conditions. Patna’s share of annual working hours deemed unsafe due to heat could increase from 2.4% in 2030 to 6.3% by 2080, while Jaipur’s losses are projected to rise from 1.5% to 2.9% over the same period. Heat Deaths May Be Underreported According to the World Bank, the official death toll linked to extreme heat is likely underestimated because fatalities are often recorded as resulting from heart or kidney failure rather than heat exposure. The report cites research suggesting that a single five-day heatwave in India may have contributed to approximately 30,000 excess deaths. Sustainable Cooling Presents a Major Opportunity Despite the risks, the report points to significant economic opportunities in climate adaptation. India’s sustainable cooling market could reach $1.6 trillion by 2040, driven by growing demand for energy-efficient cooling systems, green buildings, and climate-resilient infrastructure. The World Bank also found that investments in heat early warning systems offer substantial returns, generating an estimated $50 in benefits for every $1 invested, making them one of the most cost-effective climate resilience measures for Indian cities. Source: Economic Times

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India’s Gig Workforce Expected to Reach Up to 2.1 Crore by 2030, Says Report

India’s internet-enabled gig workforce is poised for significant expansion, with the number of monthly active workers projected to rise from nearly 60 lakh today to between 1.7 crore and 2.1 crore by 2030, according to a new report by Redseer Strategy Consultants. The report estimates the sector will grow at a compound annual growth rate (CAGR) of 24–29%, making it a major contributor to employment generation. By the end of the decade, gig platforms could account for nearly 70% of India’s estimated annual non-farm job creation requirement of around 80 lakh jobs. Among various gig segments, ride-hailing is expected to employ the largest workforce, with 1.2–1.4 crore workers by 2030. This will be followed by delivery services, projected to engage 50–70 lakh workers, while the home services segment is likely to employ around 20–30 lakh workers. The report also highlights the sector’s role in expanding employment opportunities, noting that more than 30% of future gig workers are expected to be first-time entrants into the workforce. Additionally, 54% of current gig workers surveyed said they were not engaged in paid employment before joining gig platforms. Based on a survey of 2,250 gig workers, the study found that full-time gig workers earn significantly more than comparable workers in traditional formal and informal jobs. On average, gig workers earn ₹138 per hour, compared to ₹54 per hour in similar conventional roles. Income levels vary across sectors. Workers in home services earn an estimated ₹70,000–₹80,000 per month, while ride-hailing drivers earn around ₹37,000–₹39,000, and delivery personnel receive ₹22,000–₹23,000 in monthly net earnings. Commenting on the findings, Anil Kumar, Founder and CEO of Redseer Strategy Consultants, said that internet-based gig platforms have become an essential pillar of India’s workforce by providing flexible and scalable earning opportunities for both formal and informal workers. The report further revealed that nearly 70% of gig workers believe their platform experience has improved their future employment prospects by helping them develop skills such as customer service, navigation, and financial management. Source: IANS

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Swiggy Launches ‘Late Night Eats’ to Serve India’s After-Hours Workforce

Swiggy India has introduced Late Night Eats, a dedicated food delivery initiative designed for professionals working late-night shifts and global business hours. The service is available between 10 p.m. and 5 a.m., covering over 4,000 office locations and offering access to more than 30,000 restaurants across the country’s top 30 cities. The platform features a curated selection of meals, exclusive offers and quicker delivery options tailored for late-working employees. Customers can order from popular food chains such as Burger King, Domino’s Pizza, McDonald’s, KFC and Subway. Swiggy has also introduced the ‘2 AM Club’, highlighting restaurants that remain open until at least 2 a.m. To cater to different workplace needs, the service includes categories like One-Handed Grabbies, Healthy Nibbles, Sip-tastic Fuel, Stress Munchies and Teamwork Bites, offering everything from easy-to-eat snacks and beverages to meals suitable for team orders. According to Swiggy, one in four employees at participating office locations places food orders after 10 p.m. The company has also recorded strong growth in late-night office deliveries in cities such as Bhubaneswar, Goa, Kochi, Lucknow, Visakhapatnam and Ahmedabad, indicating that the trend is expanding beyond major metropolitan areas. Commenting on the launch, Deepak Maloo, Vice President – Food Strategy, Customer Experience & New Initiatives at Swiggy, said the rise in late-night ordering reflects changing workplace patterns, with more professionals working extended hours and across international time zones. He added that the demand for late-night food delivery is increasing not only in metro cities but also in emerging corporate hubs across Tier-2 cities. Source: Economic Times

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Income Tax Department faces shortage of nearly 27,000 staff, government tells Parliament

The Income Tax Department is functioning with a shortage of 26,997 officers and support staff as of January 1, 2026, the government informed Parliament on Monday. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Chaudhary said vacancies across Group A, B and C posts currently stand at 26,997. He noted that filling vacancies is an ongoing process and appointments are made regularly through direct recruitment by the Union Public Service Commission (UPSC) and the Staff Selection Commission (SSC), as well as through departmental promotions in accordance with recruitment rules. The minister also highlighted that the New Income Tax Act, 2025 has simplified tax laws by removing outdated provisions, restructuring the legislation and making it easier to understand. He added that the government is modernising tax administration through digital technologies, including simplified return filing, quicker processing, data analytics and faceless assessments. Responding to another query, Chaudhary said 11 individuals have been declared Fugitive Economic Offenders (FEOs) under the Fugitive Economic Offenders Act, 2018, since 2024. Properties worth ₹1,303.16 crore linked to these offenders have been confiscated. He further informed the House that Red Notices have been issued against eight of the offenders, while extradition requests have been sent for four individuals whose locations have been identified. Additionally, 12 Mutual Legal Assistance Requests (MLARs) have been submitted to facilitate international cooperation. The minister said the government has taken steps to return confiscated assets to legitimate victims of economic offences. So far, properties valued at around ₹73,015.03 crore have been restored, with restitution amounts reaching ₹15,262.30 crore in FY 2024–25, ₹32,677.97 crore in FY 2025–26, and ₹9,873.11 crore during FY 2026–27 up to the present. In a separate response, Chaudhary said net private transfers, primarily remittances sent home by Indians working overseas, increased from $124.6 billion in 2024–25 to $144.8 billion in 2025–26, according to the Reserve Bank of India’s Balance of Payments data. He added that monthly net transfers rose from $9.4 billion in April 2025 to $16 billion in April 2026, despite the impact of ongoing global conflicts. Source: PTI

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Snigdha Singh appointed CHRO at Tata Digital, to lead people strategy and talent transformation

Tata Digital has announced the appointment of Snigdha Singh as its new Chief Human Resources Officer (CHRO), effective July 1, 2026. In her new role, Singh will report directly to Sajith Sivanandan, Chief Executive Officer and Managing Director of Tata Digital. With more than 15 years of experience in human resources, Singh will spearhead the company’s people strategy as it continues to strengthen its digital ecosystem through Tata Neu. She said her priorities include building a high-performance, customer-focused organisation, developing future-ready leadership, fostering an agile and innovation-driven culture, and aligning talent initiatives with Tata Digital’s strategic focus on digital financial services, loyalty programmes, and sustainable growth. Before taking on this role, Singh served as Vice President – HR at Tata Consumer Products, where she led organisation effectiveness, culture, corporate social responsibility (CSR), and employee relations. Over the course of her career, she has also held HR leadership positions at OYO, Cipla, Procter & Gamble, and Tata Motors. Singh earned a Master’s degree in Human Resources Management and Labour Relations from the Tata Institute of Social Sciences (TISS) and a Bachelor’s degree in Mathematics from Lady Shri Ram College for Women. Source: Economic Times

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Adani Green Energy Appoints Poly Singh Arora as Chief People Officer

Adani Green Energy Ltd. (AGEL) has announced the appointment of Poly Singh Arora as its new Chief People Officer, further strengthening the company’s leadership team as it expands its renewable energy operations. Arora joins AGEL with over 22 years of experience in human resources, bringing expertise in talent management, organizational transformation, HR operations, business partnering, workforce planning, performance management, and rewards strategy. Before joining Adani Green Energy, she served as Head of Human Resources at Mumbai International Airport Limited (CSMIA). Over the course of her career, she has also held key HR leadership positions at VFS Global, Vodafone India, and Excel Callnet. According to the company, Arora’s extensive experience in driving people-centric strategies and organizational development is expected to support AGEL’s growth ambitions as it continues to expand its presence in the renewable energy sector. She holds an MBA in Human Resources Management from Punjabi University, Patiala. Source: Economic Times  

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TCS Adds Over 9,200 Employees in Q1 FY27 as Hiring Rebounds; Reports 5% Rise in Net Profit

Tata Consultancy Services (TCS) recorded a strong rebound in hiring during the first quarter of FY27, adding more than 9,200 employees and taking its total workforce to 593,798 as of June 2026. The company’s headcount stood at 584,519 at the end of the previous quarter, marking a significant recovery after three consecutive quarters of workforce reductions. TCS had seen its employee count decline from a peak of 613,069 in Q1 FY26 to 582,163 by Q3 FY26, before returning to growth over the last two quarters. The company’s voluntary attrition rate in its IT services business remained stable at 13.6% on a last-twelve-months basis. The company also highlighted continued progress in workforce diversity and employee development. Women now account for 35% of TCS’s global workforce, representing employees from 148 nationalities. During the quarter, employees completed 14.6 million learning hours, acquired 1.3 million new competencies, and more than 3.12 lakh employees enhanced their expertise in artificial intelligence (AI) and machine learning. Chief Financial Officer Samir Seksaria said the company has implemented annual salary hikes, expanded its partner ecosystem, and made strategic investments to strengthen long-term competitiveness. He added that TCS remains focused on building, acquiring, and partnering to expand its AI-driven capabilities while maintaining healthy profitability and returns. Financially, TCS reported a 5% year-on-year increase in consolidated net profit, reaching ₹13,349 crore in Q1 FY27, compared to ₹12,760 crore in the corresponding quarter last year. Revenue from operations grew 14% year-on-year to ₹72,275 crore. The company’s board also approved an interim dividend of ₹12 per equity share for FY27, with July 15 fixed as the record date for eligible shareholders. TCS reported a $9.5 billion order book for the quarter, driven by several major wins, including an $800 million AI-led transformation deal with SKF, a multi-million-dollar strategic partnership with ServiceNow, and another significant contract with a Europe-based Fortune Global 50 company. Source: Economic Times

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Flipkart Approves Second ESOP Liquidity Event, Allows Employees to Cash Out Up to 5% of Vested Stock Options

Flipkart has approved the second phase of its employee stock ownership plan (ESOP) liquidity programme, enabling eligible employees to sell up to 5% of their vested stock options accumulated over the last three years. According to an internal communication from Group CEO Kalyan Krishnamurthy, the approved buyback price has been set at ₹713.4 per stock option. The latest liquidity event is expected to be worth nearly $25 million and forms the second half of the company’s previously announced $50 million ESOP buyback initiative introduced in July last year. Employees who qualify under the programme are expected to receive their payouts in August. In his message to employees, Krishnamurthy noted that the company had initially committed to conducting two liquidity events, with the second contingent on achieving key business milestones. Following a review of the company’s performance, the board approved the second round, citing sustained business growth despite a challenging macroeconomic environment. The overall $50 million ESOP buyback programme is estimated to have benefited more than 7,000 Flipkart employees, providing them with an opportunity to unlock the value of their stock options. Source: Economic Times

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Five Semiconductor Plants Expected to Be Operational in India by End of 2026: Ashwini Vaishnaw

India is on track to have five semiconductor manufacturing plants operational by the end of 2026, Union Minister Ashwini Vaishnaw has said, marking a significant milestone in the country’s efforts to build a strong domestic semiconductor ecosystem. According to the minister, the Centre has approved 12 semiconductor projects, of which three facilities have already entered commercial production, while two more are expected to be inaugurated in the coming months. Prime Minister Narendra Modi had earlier inaugurated the country’s first and second semiconductor plants on February 28 and March 31, 2026, respectively. Vaishnaw noted that the commercial launch of the CG SEMI (OSAT) facility in Sanand, Gujarat, has further strengthened global confidence in India’s semiconductor manufacturing capabilities. He said the country is steadily building a world-class semiconductor ecosystem that will support India’s long-term economic and technological growth. The minister also praised the Gujarat government for its efficient execution, highlighting that the CG SEMI facility progressed from groundbreaking to commercial production in just 27 months. Beyond manufacturing, the plant has also generated employment opportunities for young women from states including Jharkhand, Chhattisgarh, Madhya Pradesh, Bihar, Jammu & Kashmir, Kerala, and Gujarat, many of whom received specialised semiconductor training in Malaysia. Vaishnaw added that as India’s semiconductor ecosystem expands, advanced training programmes are expected to become increasingly available within the country. Semiconductor products manufactured at the Sanand facility will cater to the automotive, two-wheeler, and industrial equipment sectors, while also being exported to markets such as Japan, the United States, and Europe, reinforcing India’s position in the global semiconductor supply chain. The CG SEMI project, launched in March 2024 with an investment exceeding ₹7,600 crore, has been developed in collaboration with Renesas Electronics of Japan, enabling access to advanced semiconductor technologies, manufacturing expertise, and global quality standards. Vaishnaw also highlighted the rapid growth of India’s electronics manufacturing industry, which is now valued at nearly ₹13 lakh crore and supports employment for over 25 lakh people. Source: IANS  

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FIFA World Cup Sparks Surge in Late-Night Food Delivery Orders Across India

India’s late-night food delivery market is witnessing a sharp rise as the ongoing FIFA World Cup 2026 drives demand during overnight match screenings. Industry leaders say changing lifestyles among young consumers, coupled with football fever, have significantly boosted food orders during late-night and early-morning hours. According to executives from quick-service restaurant chains, food delivery platforms, and quick commerce companies, demand for food deliveries between late night and early morning has jumped by nearly 12–15% over the past two weeks. Even before the tournament began, businesses had already recorded a steady 10–12% annual growth in late-night ordering habits. A major factor behind this trend is the shift in lifestyle patterns among younger consumers, many of whom now stay awake until 2 am or even later. McDonald’s India Chairman Sanjeev Agrawal noted that traditional dinner timings are rapidly changing, with more customers placing orders well past midnight. The company has already extended operating hours, with nearly 20% of its outlets across cities like Delhi-NCR, Lucknow, and Jaipur now functioning till 3 am, while select highway locations operate round the clock. Food delivery platform Swiggy reported that pizzas and burgers emerged as the most popular orders between 11 pm and 3 am since the tournament began. Among major cities, Bengaluru, Hyderabad, and Mumbai recorded the highest volume of overnight orders, while emerging cities such as Surat, Thiruvananthapuram, and Patna also showed strong demand. One customer in Chandigarh reportedly placed a late-night order worth ₹16,444. Meanwhile, Domino’s India has informed customers that several stores are now accepting orders until 3 am to cater to the increased demand. Its franchise partner, Jubilant FoodWorks, currently operates more than 2,400 outlets across the country. Packaged food brands are also benefiting from the trend. Amul Managing Director Jayen Mehta said demand during match hours is running 30–40% higher compared to normal days. Ice creams, frozen snacks, chocolates, and dairy-based products are seeing a strong uptick on quick-commerce platforms like Blinkit, BigBasket, and Zepto, especially in metro cities and southern India. However, industry experts noted that while overnight demand is rising steadily, late-night deliveries still represent a relatively smaller share compared to daytime orders. Availability also depends on local government regulations and store operating permissions. Source: Economic Times  

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