INDIA JOB MARKET
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian market closed higher, propelled by auto and metal sectors, fueled by GST tax cut optimism and China's steel reforms. Expectations of a Federal Reserve rate cut further boosted sentiment. Despite early gains, a late sell-off indicated investor caution, with auto stocks rallying and IT facing global uncertainty.
AI era demands dynamic skills over job titles: LinkedIn’s Kumaresh Pattabiraman
LinkedIn India head Kumaresh Pattabiraman says professionals must view jobs as evolving skills, not fixed titles, to thrive in the AI era. Instead, AI is reshaping what jobs look like, and doing so very quickly, according to him.
Airbnb supported 1.11 lakh jobs in India in 2024, contributed Rs 2,400 cr in wages: Report
Airbnb's presence in India significantly boosted the economy in 2024, supporting 1.11 lakh jobs and contributing Rs 2,400 crore in wages. Guest spending reached Rs 11,200 crore, with domestic travelers making up 91% of guests. The platform's activity accounted for 0.5% of India's travel and tourism GDP, demonstrating its growing impact on the nation's hospitality sector and allied industries.
Can this American bill topple India's showpiece industry?
The proposed US HIRE Act threatens India’s $250bn IT sector, targeting outsourcing with a 25% tax on payments to foreign firms. While still unlikely to pass, it signals rising protectionism and populist rhetoric under Trump-aligned Republicans. Indian IT services and GCCs, heavily dependent on US clients, face real risks, prompting a need for market diversification and domestic growth.
India must build MSME, start-up ecosystems like China: Yogesh Pandit, Director, Pravriddhi at IISc
China has steadily built industrial clusters, enhanced logistics, and provided long-term incentives, enabling its industries to scale globally; India needs to chart a similar path, says Yogesh Pandit.
Musk vs Navarro: X CEO breaks silence after Trump aide gets fact-checked by Community notes on India charge
Elon Musk defended X's Community Notes and Grok after Peter Navarro, Trump's advisor, was fact-checked on claims about India's Russian oil purchases. Navarro attacked X, alleging Indian special interests were distorting US debate. India refuted Navarro's remarks as inaccurate, amidst growing strain in India-US relations over trade and energy ties.
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Ahead of Market: 10 things that will decide stock market action on Monday
Indian market closed flat on Friday due to profit booking in consumer and IT sectors, offsetting gains in the auto sector following proposed tax cuts. While domestic investors rotated into mid- and small-cap stocks, U.S. and European markets dipped amid concerns about the pace of economic recovery after a softer-than-expected jobs report.
'Propaganda': Peter Navarro slams Elon Musk after his X post on India’s Russian oil purchases gets fact-checked
Peter Navarro, former Trump advisor, lashed out after being fact-checked on X for spreading misinformation about India's Russian oil purchases. He accused Elon Musk of allowing "propaganda" and reiterated his claim that India is exploiting the situation for profit. Navarro insisted India didn't buy Russian oil before the Ukraine invasion.
‘Selling gol-gappas is entrepreneurship too’: Anupam Mittal on why India must respect all ‘builders with ladders’
Anupam Mittal, CEO of People Group, advocates for equal respect for all entrepreneurs. He highlights the importance of valuing individuals in various roles. This includes those fixing ACs and selling gol-gappas. Mittal draws a comparison with the US, where different professions receive baseline respect. Urban Company is preparing for its IPO launch in September.
Tech layoffs 2025 surge in US: Amazon, Microsoft, Meta slash thousands of jobs. Check full list of companies affected
In 2025, the US workforce faced significant disruptions due to federal layoffs, corporate restructuring, and economic pressures. Tech giants like Oracle, Salesforce, Intel, and Amazon announced substantial job cuts, often linked to AI adoption. Companies such as Block, Meta, Microsoft, and Google also implemented layoffs as part of restructuring and cost-cutting initiatives.
Will global cues and Fed rate cut hopes fuel a market recovery next week?
Indian equity indices ended flat amid choppy trading, with IT stocks declining due to US tariff concerns, offsetting auto sector gains fueled by GST cut hopes. For the week, however, markets gained 1%. Positive global cues and expectations of US rate cuts are expected to support a recovery next week, though Nifty faces resistance at 25,000.
Will Fed chair Jerome Powell cut rates following the weak jobs report?
August jobs report marks the fourth consecutive month of cooling labor growth, strengthening the case for a rate cut at the Fed’s September 16–17 meeting. Chair Jerome Powell has already signaled that policymakers are monitoring the slowdown closely.
Gold surges to fresh record high after soft US jobs data
Gold prices hit fresh record highs on Friday after a soft U.S. jobs report cemented hopes of a Federal Reserve interest rate cut, fuelling fresh momentum for bullion's blistering rally.
When the Dragon meets the Elephant: Building a win-win framework for both India and China
Following a five-year hiatus, Prime Minister Modi and President Xi Jinping met to recalibrate relations, emphasising stronger people-to-people ties and expanded trade. Addressing India's trade deficit is crucial, with potential for Chinese investment in Indian manufacturing. Collaboration in public health, tourism, education and infrastructure offers mutual benefits, requiring a clear road map for sustainable partnership.
The AI Job Revolution: OpenAI’s Bold Play to Transform Work
OpenAI’s upcoming Jobs Platform aims to disrupt the professional landscape, offering an AI-powered alternative to LinkedIn that not only matches candidates with companies but also rewires how skills, hiring, and opportunity are distributed in an era of rapid technological change. Backed by major employers, government partners, and a certification strategy to make millions AI-fluent, OpenAI’s initiative promises to democratize economic opportunity and spark big changes in how we train, hire, and work.
India bonds rise as fiscal worries ease, US peers up
Indian government bonds saw a slight increase. This is due to reduced worries about fiscal issues after tax changes. Also, higher U.S. Treasury yields boosted market confidence. The benchmark 10-year bond yield moved to 6.4814%. Market anticipates potential measures from the Reserve Bank of India. U.S.
GST rationalisation in textiles to remove distortions, support exports
The government's GST rate rationalisation for the textile sector aims to boost the industry towards a $350 billion target by 2030. Key changes include reduced GST on garments and fibres, making apparel more affordable and correcting the inverted duty structure.
Law to regulate online gaming brought without heeding to any pressure: PM Modi
In an interaction with national awardee teachers, the prime minister said there are huge job opportunities in online gaming market and urged teachers to sensitise students about opportunities in the sector which can be tapped.
GST cuts positive, but Trump’s tariffs could offset gains: Saurabh Mukherjea
India’s economy has received a significant boost with the government’s latest GST reforms, aiming to revitalize consumption, which accounts for roughly 60% of the country’s GDP. Experts, however, caution that external and domestic headwinds could offset the gains.
GIFT Nifty up 150 points; here's the trading setup for today's session
Indian equities closed higher, propelled by a surge in metal stocks and optimism surrounding the GST Council meeting. Market analysts anticipate range-bound movement, influenced by global cues and sector-specific developments, with GST Council decisions acting as a key catalyst. The rupee rebounded, while FIIs were net sellers and DIIs were net buyers.
Uncertainty hits IT, hiring demand falls 10% in August
Hiring at India's IT services companies has slowed since the start of the second quarter and the trend is likely to continue, according to staffing firms. In the current quarter that ends on September 30, there has so far been a 2-3% decline in demand for legacy tech jobs, but hiring has been strong for specialised roles involving artificial intelligence (AI), machine learning (ML), cloud, data and cybersecurity.
Google techie's success playbook: 3 skills young engineers should master in the age of AI
Harsh Varshney, a Google software engineer, shares insights for young engineers on thriving in Big Tech. While AI has become central to modern engineering, Varshney emphasizes that it’s not enough on its own. Success requires strong computer science fundamentals, deep expertise in AI both as a builder and power user, and the ability to translate knowledge into real-world projects.
India-EFTA trade pact with sustainability clause to take effect on October 1
The free trade agreement between India and the EFTA bloc, set to take effect on October 1, includes legally binding provisions on trade and sustainable development. India has secured a USD 100 billion investment commitment over 15 years, leading to the creation of one million direct jobs. Switzerland gains improved market access for 94.
Chips just got considerably higher
India is making strides in the semiconductor industry. The nation unveiled its first indigenous 32-bit processor, Vikram. The semiconductor market is expected to grow substantially by 2030. This growth positions India as a key player in the global market. The government has sanctioned numerous semiconductor projects. These projects aim to create jobs and reduce import dependency.
Bengaluru professionals look to future-proof their careers in age of AI and tech disruptions: Survey
Bengaluru professionals are proactively upskilling to navigate AI's impact, with 88% planning certificate courses this year. Despite job cuts, 93% see upskilling as crucial, focusing on AI/ML skills like agentic AI and Python. While 64% use GenAI tools, many seek new roles prioritizing work-life balance and job security amid evolving job landscape.
'No house, no job, please help': Bengaluru banker with 14 years' experience found begging on street
A viral Reddit post has drawn attention to a man in Bengaluru who claims 14 years of banking experience but was seen sitting on a pavement with a handwritten note asking for help. The sign read, “I don’t have job, no house, please help me. I have 14 years working experience in banking,” alongside a QR code for contributions. The images divided opinion online, with some offering sympathy and others questioning personal responsibility, employment barriers, and mental health struggles.
White-collar hiring up 3 pc in Aug; non-IT, AI-ML roles drive growth
India's white-collar job market saw a modest 3% hiring increase in August 2025, fueled by non-IT sectors and AI/ML roles, which surged by 54%. While IT faced a 6% decline, IT unicorns grew by 10%. Hyderabad led metro hiring with 10% growth and a 45% unicorn recruitment surge, highlighting its emergence as a startup hub.
Real money gaming ban leaves 2,000+ workers searching for new jobs
Following the recent ban on online money games in India, over 2,000 gaming professionals are seeking new opportunities. Real money gaming companies are pivoting and diversifying, creating uncertainty among employees, especially in non-tech roles like digital content and marketing. Tech professionals, however, remain in high demand as companies explore new business models.
Tech jobs lead India’s hiring market despite slowdown: Report
While growth in tech hiring was not the fastest compared to some emerging sectors, it remained steady, with software development postings rising by 9.2% over the past three months. Data & analytics showed the highest growth, up 15.4% during the same period.
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