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India’s White-Collar Hiring Rises 14% in August, AI and ML Roles Drive Demand

White-collar recruitment in India increased 14 per cent year-on-year in August, with artificial intelligence (AI) and machine learning (ML) positions emerging as key drivers of the growth, according to a report by Naukri. The Naukri JobSpeak Index rose to 3,028 in August from 2,664 during the same month last year. The report noted that the increase came against the backdrop of a delayed festive calendar, with a larger share of the festive season falling in September this year compared with August last year. Among major sectors, the automotive industry recorded the highest growth at 19 per cent, followed by healthcare at 16 per cent and retail at 15 per cent. Insurance hiring increased 12 per cent, while IT grew 11 per cent. Banking and FMCG recorded 10 per cent growth each, while BPO/ITES, Oil & Gas and Real Estate each rose 8 per cent. Pharma and biotech hiring remained unchanged. Meanwhile, hospitality and travel declined 4 per cent, while education hiring fell 8 per cent. Hiring among freshers increased 15 per cent. Demand for professionals with four to seven years of experience rose 10 per cent, while recruitment for those with eight to 12 years of experience increased 16 per cent. Hiring grew 18 per cent for professionals with 13 to 16 years of experience and 13 per cent for those with more than 16 years of experience. At the functional level, healthcare and life sciences recorded 34 per cent growth, followed by media production and entertainment at 33 per cent, engineering-hardware and networks at 30 per cent, and BFSI, investments and trading at 29 per cent. Hyderabad led hiring growth among major metropolitan cities at 23 per cent year-on-year, followed by Kolkata at 22 per cent and Chennai at 20 per cent. Bengaluru and Pune each recorded 14 per cent growth, while Delhi-NCR and Mumbai registered increases of 10 per cent and 7 per cent, respectively. Emerging employment hubs also posted strong gains, with Bhubaneswar witnessing 32 per cent growth and Raipur 23 per cent. Surat and Ranchi also recorded notable increases. Within IT and software services, hiring grew 11 per cent in August. Kolkata emerged as the fastest-growing major city for IT recruitment, with hiring up 33 per cent, followed by Hyderabad at 23 per cent. AI/ML hiring within the sector increased 22 per cent, while demand for IT and information security professionals climbed 32 per cent, underscoring continued demand for specialised technology skills. Hiring by global capability centres (GCCs) also expanded 10 per cent during the month. Hyderabad led GCC recruitment growth at 28 per cent, followed by Chennai at 21 per cent. Hitesh Oberoi, Managing Director and CEO of Info Edge (India), said the hiring growth should be viewed in the context of the festive calendar, as the bulk of the festive period has shifted to September this year from August last year. Source: IANS  

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ITC Infotech to Merge with Happiest Minds After Acquiring 22.1% Promoter Stake for Rs 1,330 Crore

ITC Infotech, the wholly owned technology services arm of ITC Limited, is set to merge with Bengaluru-based Happiest Minds Technologies, creating an AI-first enterprise targeting a turnover of USD 1 billion by FY28. As part of the transaction, ITC Infotech will acquire a 22.106 per cent stake in Happiest Minds from its promoter Ashok Soota and Ashok Soota Medical Research LLP for around Rs 1,330 crore, according to regulatory filings. Following the acquisition, Happiest Minds will be amalgamated into ITC Infotech. The combined organisation will have a workforce of more than 19,000 professionals and is expected to offer end-to-end technology solutions across build, intelligence and operations. The merger will also strengthen its presence in high-growth sectors such as hi-tech, healthcare and edtech. The promoter stake acquisition will take place in two phases. ITC Infotech will first purchase an 11 per cent stake at Rs 390 per share, followed by another 11.106 per cent stake at Rs 400 per share. Once the merger takes effect, ITC Infotech is proposed to be listed on both the BSE and the National Stock Exchange. Under the approved share-swap arrangement, shareholders of Happiest Minds will receive 25 fully paid-up equity shares of ITC Infotech with a face value of Rs 10 each for every 81 Happiest Minds shares of Rs 2 each. Following the transaction, ITC Limited will become the promoter of the merged entity with a 73.4 per cent stake. Meanwhile, Happiest Minds’ existing promoters will be reclassified as public shareholders and will collectively hold a 7.6 per cent stake in the combined company. ITC Limited and ITC Infotech Chairman Sanjiv Puri said the merger would bring together the two companies’ complementary strengths, domain expertise and technology capabilities, enabling them to offer advanced solutions across global markets. He also highlighted the shared focus on people and customers between the two organisations. According to the regulatory filings, the merged company will rank as India’s 11th-largest listed IT services company by revenue. The entity will have combined FY26 revenue of Rs 7,033 crore and operations across the US, Europe, the Middle East, Asia-Pacific and India. Happiest Minds posted consolidated revenue of Rs 2,315.11 crore in FY26, while ITC Infotech reported revenue of Rs 4,718 crore during the same period. Separately, the Happiest Minds board has approved a proposal to shift the company’s registered office from Karnataka to West Bengal, subject to approval from shareholders and the relevant regulatory authorities. The proposed merger comes amid increasing consolidation in India’s technology services sector, with companies seeking scale and stronger capabilities in artificial intelligence and digital engineering. Earlier this year, Persistent Systems announced plans to acquire German digital engineering company Nagarro, with the proposed combination targeting a USD 2.9 billion revenue run-rate and a workforce of more than 46,000 employees across over 40 countries. Source: PTI

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SpaceX Plans $100 Billion Louisiana Spaceport, Expected to Create 11,100 Jobs

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SpaceX is planning a massive $100 billion investment to develop a new launch facility in Louisiana, with the project expected to generate more than 11,100 direct and indirect jobs over the next decade, according to Louisiana Economic Development. The facility, named Starbase Louisiana, will be developed in Vermilion Parish and is intended to serve as a high-frequency launch site for SpaceX’s Starship spacecraft. SpaceX CEO Elon Musk said on X that the facility could eventually feature more than a dozen launch towers, potentially supporting over 30 Starship launches a day. If achieved, the planned capacity would make it the largest launch site in the world. Louisiana Economic Development said the spaceport is being designed to accommodate thousands of launches annually and provide infrastructure to substantially increase launch frequency and expand access to space. The project is expected to create around 3,000 direct jobs over the next 10 years, with an average annual salary of approximately $92,600. This is about 192% higher than the average wage in Vermilion Parish. A further 8,100-plus indirect jobs are projected, taking the total employment impact in the Acadiana region beyond 11,100 positions. Louisiana Governor Jeff Landry welcomed the investment, calling it a significant milestone for the state and saying the project would strengthen its position as a major aerospace hub. The Louisiana facility is expected to play a key role in SpaceX’s plans to establish a high-cadence launch network for Starship and support the spacecraft’s future missions. Starship is being developed as a next-generation launch vehicle for large-scale space transportation and future exploration missions. Source: IANS

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Paytm Tightens ESOP Vesting Rules, Links Employee Rewards More Closely to Performance

One 97 Communications, the parent company of digital payments platform Paytm, has proposed changes to its employee stock option scheme that would make future ESOP vesting more closely dependent on employee and business performance, without increasing the existing option pool. According to the company’s notice for its 26th Annual General Meeting, amendments to the One 97 Employees Stock Option Scheme 2019 will introduce a graded vesting structure. The proposed changes will require stronger performance for employees to receive the full number of options eligible for vesting. The amendments will require shareholder approval through a special resolution. Under the current system, employees rated “Meets expectation” or higher were generally eligible to receive 100% of the options due for vesting, while those below that rating were not eligible. The revised framework will instead assess employees through a broader review covering role-specific key result areas, business and company performance, as well as future potential. Following this assessment, employees will receive an ESOP rating approved by the CEO. Employees rated “Meets expectation” or above could receive between 10% and 100% of their eligible options, depending on their performance. Paytm said the revised system is intended to make ESOP allocation more stringent and differentiated. The changes will apply only to future ESOP grants. Options already granted under the 2019 scheme will continue under their existing terms, with no changes to the rights of current option holders. Paytm also clarified that the revision will not increase the company’s ESOP pool or cause additional dilution. As of the AGM notice, around 2.67 crore options remained available for grant under the scheme, including options that could return to the pool due to lapses, surrender or other circumstances. Each option can be converted into one equity share with a face value of ₹1. The basic vesting timeline will also remain unchanged. Future options can vest over a period beginning one year after the grant and extending up to five years, as determined by the Nomination and Remuneration Committee. Continued employment will remain a prerequisite for vesting. Paytm said the proposed amendments are aligned with SEBI’s regulations governing share-based employee benefits and listing requirements, while seeking to strengthen the connection between employee incentives, individual performance and long-term shareholder value. Source: IANS

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MetLife GCC Appoints Dimple Kaloya as Chief Human Resources Officer

MetLife Global Capability Centers (MGCC) has appointed Dimple Kaloya as its new Chief Human Resources Officer (CHRO), bringing more than two decades of experience in human resources, consulting, talent management, people analytics and workforce management. Kaloya announced her new role in a LinkedIn post, saying she was “delighted” to join MetLife Global Capability Centers as Chief Human Resources Officer. Before joining MetLife GCC, Kaloya spent around seven years with HSBC, where she led human resources functions for the bank’s Global Service Centers in India and Group Functions GSC HTCs. Over the course of her career, she has also held roles at EY, Aon and WNS Global Services. Her experience spans HR consulting, organisational design, talent management, performance management and employee engagement. Kaloya holds a Post Graduate Diploma in Business Management from the Institute of Management Technology (IMT), Ghaziabad, and a Master’s degree in Human Resource Management from Annamalai University. Source: Economic Times

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N Chandrasekaran to Step Down as Tata Sons Chairman After Term Ends

N Chandrasekaran, chairman of Tata Sons, has announced that he will not seek another term when his current tenure ends in February 2027, bringing uncertainty over the future leadership of one of India’s largest business conglomerates. The 63-year-old executive said the decision followed the Tata Sons board’s failure to reach unanimous agreement on a proposed five-year extension. The proposal was first discussed in February, but no consensus was reached even after six months. The announcement triggered a sharp reaction in the stock market, with shares of several listed Tata Group companies falling, while investors assessed the potential implications for the conglomerate, which has interests ranging from Air India and Tata Steel to Jaguar Land Rover and Tata Consultancy Services. Chandrasekaran’s decision comes amid reported differences within the Tata Group’s governance structure. Tata Trusts, the charitable arm of the group, holds a 66% stake in Tata Sons and has three nominees on its board. Reports have pointed to disagreements over board appointments, funding decisions and the potential public listing of Tata Sons. The leadership uncertainty comes as the group navigates several major business priorities, including the ongoing turnaround of Air India, which Tata Group acquired from the Indian government in 2022, as well as other large strategic projects. Chandrasekaran said that with several critical initiatives underway, establishing clarity over leadership beyond February 2027 was important for employees, investors, business partners and other stakeholders. He became Tata Group chairman in 2017, succeeding Cyrus Mistry following Mistry’s controversial removal and the subsequent legal dispute. Prior to taking charge of the group, Chandrasekaran served as CEO and managing director of Tata Consultancy Services, where he had built a long career after joining the Tata Group in 1987. Market analyst Ambareesh Baliga said the departure of a leader of Chandrasekaran’s stature was bound to weigh on investor sentiment. However, he noted that the group has around six months to identify a successor and suggested that the next chairman could potentially emerge from within the Tata Group. Source: BBC

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White-Collar Hiring Up 5% in July as AI Recruitment Jumps 33%: Naukri Report

India’s white-collar job market recorded a 5% year-on-year increase in hiring in July, driven by robust demand for artificial intelligence (AI) talent and a rebound in information technology (IT) recruitment, according to the latest Naukri JobSpeak report. The JobSpeak Index rose to 3,227 in July from 3,074 during the same month last year, signalling a positive beginning to the second quarter of the current financial year. AI and machine learning (AI/ML) continued to be the fastest-growing hiring segment, registering a 33% annual rise in job opportunities. The report noted that AI-related hiring has maintained strong momentum for more than two years, making it the leading growth area in India’s white-collar employment landscape. The IT and software services sector also witnessed a recovery, with hiring increasing 6% compared to last year. The growth was primarily driven by Kolkata, Hyderabad, Chennai and Bengaluru. Within the sector, recruitment for AI-focused roles climbed 30%, while demand for IT and cybersecurity professionals rose by 23%. Among industries, the insurance sector recorded the highest hiring growth at 10%, followed by real estate with an 8% increase. Healthcare and fast-moving consumer goods (FMCG) also posted healthy recruitment activity. In contrast, hiring declined across telecom, banking and financial services (BFSI), pharmaceuticals, hospitality and education. Commenting on the trends, Hitesh Oberoi, Managing Director and CEO of Info Edge (India) Ltd, said the July data reflects a job market that is steadily strengthening, with employers continuing to invest in future-ready skills while expanding their workforce. Recruitment of fresh graduates remained strong, growing 6% year-on-year. Hiring also increased across most mid-level and senior-level experience categories, indicating broad-based demand across the employment market. Among major cities, Kolkata led hiring growth with a 17% increase, followed by Hyderabad at 16%, Chennai at 11% and Bengaluru at 8%. Hiring activity in Mumbai and Delhi remained largely unchanged during the month. The report also highlighted a 5% rise in recruitment by Global Capability Centres (GCCs), led by Chennai and Hyderabad, with continued strong demand for experienced AI professionals and premium AI roles. Source: IANS

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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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