Deloitte is focusing on ramping up hiring in India said Romal Shetty, Deloitte’s south Asia chief executive officer. He said Deloitte India, will increase its headcount to 2,50,000-2,60,000 from the current 1,20,000 employees in the next three to four years, he added that Deloitte India would invest in includes AI, renewables and energy, cloud, digital and cyber. He added Deloitte has invested a lot in mergers and acquisitions. He also spoke about how trust in Indian businesses is low because corporate governance is not as strong as it ought to be. To know more about Deloitte’s upcoming investments watch this interview with Moneycontrol’s Chandra Srikanth.
A special address by Li Qiang, Premier of the People's Republic of China at the World Economic Forum at Davos 2024.The Forum's Centre for Regions, Trade and Geopolitics is helping stakeholders shape progress on global and regional priorities within the most complex geopolitical and geo-economic landscape in decades. Watch to know more.
While tackling inflation, higher interest rates have wider repercussions: slowing down growth, increasing pressure on global markets, creating debt sustainability risks and changing the nature of investment. Will high rates become the new normal and what might a new equilibrium look like? Watch Gita Gopinath, First Deputy Managing Director, International Monetary Fund live on Moneycontrol to know more.
PwC Global Chairperson Bob Moritz along with India Chairperson Sanjeev Krishan speak to Moneycontrol’s Chandra R Srikanth on PwC’s Global CEO Survey. On one hand the CEOs are optimistic heading into 2024, on the other, almost half of them are concerned about business viability amid acceleration of tech and climate pressure. Moritz and Krishan decode the PwC Global survey, also throwing light on how India Inc is placed. Being bullish on India’s growth, Moritz highlights how India is a bigger supply chain alternative than ever before and how Indian organisations have started to play more globally. Watch the full interview from the World Economic Forum in Davos.
'More inflows will come to India and Japan', says Manish Kejriwal Founder and Managing Partner of Kedaara Capital. Fundraising, new investments, and exits were lower in 2023 than in previous years. At Kedaara, it was the best year. We deployed more than $450 million across five deals and $125 million in co-investments at a time when the environment was not strong. He speaks to Moneycontrol's Chandra Srikanth on the innovation of GenAI. Watch this interview for more.
PM Modi will be re-elected and that is good for India and for the world. I am a raging Indian bull. PM Modi is the ultimate master of branding and branding countries. He has done a superb job of positioning India. I am pessimistic about the world but remain optimistic about India. India has become the go-to market and an alternative to China in Asia. Sir Martin Sorrel Chairman of the board of directors, S4 Capital speaks to Chandra Srikanth of Moneycontrol.
"I'm very bullish on India and Hero as a company is also very bullish. There are geopolitical issues that are happening but remember the world has gone through a massive pandemic and then, of course, the huge thing of inflation," says Niranjan Kumar Gupta, CEO of Hero MotoCorp. At Davos, he speaks to Chandra Srikanth of Moneycontrol on the outlook of the EV market. "The outlook for EVs is positive, we are there with Vida, we are soon going to cross 100 cities from 3 cities in March 2024 in the short span of nine months. We are going to bring out mid and affordable products this calendar year as well". For more, watch this interview.
When it comes to the use of Large Language Models for defense, what does the future look like? Andrew NG & Jeff Maggioncalda talk to Moneycontrol's Chandra Srikanth on GenAI courses and regulations. They talk about how there will be some huge winners building LLMs, maybe some regional winners as well. But that space is hyper-competitive. And there are so many more opportunities in applications of AI to healthcare, financial services, and IT consulting. These have huge opportunities that relatively very few people are working on. For more watch this interview.
Davos 2024 | On the day 1 of WEF, Moneycontrol brings you the top global voices. From GenAI to outlook of EV market industry, here are the key insights. Tune into the first edition of the Davos 2024 bulletin.
Just days after concluding his visit to China, Maldivian President Mohamed Muizzu has set a deadline for India to pull their troops out by March 15. In an apparent jibe at India amid the ongoing diplomatic row, Muizzu also said that while “Maldives is a small country, it does not give a license to bully us”. Meanwhile, here's a look at why Indian troops are in Maldives, and why Muizzu wants them out. Watch to find out!
Denmark’s King Frederik X took the throne on Sunday, as his mother Queen Margrethe II stepped down. King Frederik X and Queen Mary will be the new king and queen of the country. Watch this video to learn five interesting facts about them.
'India has a sea of opportunities with AI', said Cathy Li, Head of AI, Data, and Metaverse at WEF. At Davos, this year AI has taken center stage. When it comes to AI there's a lot at stake, from governance to policies and equal opportunities. So how will AI be an inclusive and regulative model? To find an answer to all these questions watch this interview with Cathy Li, where she shares her insights on how AI will become a multi-stakeholder model. She also shares insights on opportunities that lie ahead for India when it comes to AI.
India has a sea of opportunities with AI, says Cathy Li, Head of AI, Data, and Metaverse at WEF. At Davos, this year AI has taken the centre stage. When it comes to AI there's a lot at stake, from governance to policies and equal opportunities. How can will AI be an inclusive and regulative model? To find the answers, watch this interview with Cathy Li, as she shares her insights into how AI will become a multi-stakeholder model. She also talks about the AI opportunities that lie ahead for India
Google laid off employees working on its voice-activated assistant. According to Google, the restructuring would help improve Google Assistant as it explores integrating newer artificial intelligence technology into its products. Watch to know more.
Deadly riots in Papua New Guinea led to the death of over 15 people. The South Pacific country’s prime minister appealed for calm following a day of protests that turned ugly, the unrest stemmed from police officers going on strike that morning. The protest spun out of control, in Papua New Guinea’s capital city Port Moresby, and descended into lawlessness. Australia said it’s keeping a close eye on the situation, though Canberra says it hasn’t received any requests for help from Papua New Guinea, which it regularly supports in policing and security. For more details watch this video
Electric car manufacturer Tesla has announced it is suspending for two weeks the bulk of production at its factory in Germany, citing a shortage of parts due to shipping delays caused by Huthi rebel attacks in the Red Sea. The Red Sea attacks had led to delays that created a "gap in the supply chains", resulting in production at the facility southeast of Berlin being suspended "with the exception of a few sectors", Tesla said in a statement sent to AFP. Watch to know more!
Union minister Smriti Irani, who will be part of the Indian delegation at the World Economic Forum in Davos, Switzerland, R Dinesh & Chandrajit Banerjee of CII talk to Shereen Bhan about India's increasing presence at WEF. Watch!
US House Republicans moved toward holding Hunter Biden, Joe Biden’s son in contempt of Congress for not testifying in their impeachment probe of his father President Joe Biden, after he set off pandemonium with an unexpected Capitol appearance. Hunter Biden appeared without notice at the House Oversight Committee’s meeting on the matter, sparking arguments between lawmakers, some of whom scolded him for the surprise
Israeli singer and actor Idan Amedi, known for his role in the popular TV show Fauda was injured while fighting the Hamas in Khan Younis in the Gaza Strip. Why is he a part of the Israeli army? What happened to him? How did he get injured? Watch to find out.
For years, Britain's overlooked Post Office scandal, deemed one of the nation's most significant miscarriages of justice, remained largely unnoticed by the public. However, the narrative changed recently due to an ITV television series. The drama shed light on how numerous postal workers faced wrongful prosecution due to computer system errors. Stretching across two decades, this scandal resulted in the detention of some postal employees and inflicted severe financial hardships, causing many to lose their homes and livelihoods. Ongoing independent inquiries and a police probe are gradually uncovering the intricate details of this over two decades, thrusting former ministers and high-ranking business executives into the centre of attention. Watch!
Claudine Gay has resigned as President of Harvard University, amid the row over anti-Semitism and plagiarism. Now, Barack Obama is among the names speculated to take charge as the president of Harvard. But apart from him, Deval Patrick and Danielle Allen’s names have also popped up to succeed Claudine Gay. Sanjay Suri of CNN-News 18 explains.
Seergrills, a UK-based startup, has introduced 'Perfecta', heralded as the inaugural grill driven by artificial intelligence. Termed as the world's fastest grill, it guarantees seamless and impeccable outcomes in under three minutes. With its AI capabilities, Perfecta purportedly reacts promptly to user commands. Users can instruct Perfecta on their desired cooking preferences, and the grill promises to deliver flawlessly cooked meals within minutes. In an interview with CNBC TV18, reporter Shibani Gharat engaged in a conversation with Suraj Sudera, the CEO and founder of Seergrills, discussing this innovative cooking device.
Maldives’ economy is primarily driven by the tourism industry and India has been the largest tourist market for the country between December 2020 and June 2023, according to the Ministry of tourism (MoT) Maldives. India stood second with 18,905 Indian tourists arriving in the nation in November 2023 alone, accounting for 11.6% of total visitors. Not just tourism, Maldives is dependent on India for infrastructure too. Watch to know how India contributes to Maldives’ tourism & economy.
French President Emmanuel Macron shakes up his second term by appointing 34-year-old Gabriel Attal as the new Prime Minister. Seeking to revitalize his presidency and steer beyond past reforms, Macron aims to boost his centrist party's standing in the upcoming European parliament elections. Attal, a familiar face as the former government spokesman during the pandemic, steps in to replace Elisabeth Borne, signaling a fresh direction. Watch the video to know who is this young French Prime Minister who is openly gay.
From aiding in medical evacuations during the Covid-19 outbreak to collaborating on infrastructure development, India always stood as a great support to Maldives. Watch Aman Sharma of CNN-News18 as he explains all the details.
Former Vice President & Tourism Minister of Maldives Ahmed Adeeb speaks to Network18 as three minister face suspension over derogatory remarks made against India and PM Narendra Modi over his recent visit to Lakshadweep islands. Watch!
It is not about 60 or 70 hours, if you want to succeed you have to work hard in this country… we owe it to the less fortunate to work extremely hard…’ said Narayana Murthy. In an exclusive interview with CNBC’s Shereen Bhan, Infosys founder Narayana Murthy opened up about the 70-hour-work-week debate. Watch this video to know more.
Iran witnessed one of the most dangerous blasts on Jan 3, 2024. Two blast took place back to back in a span of 20 minutes. The twin bomb blasts that killed at least 95 people in the country’s south, ripping through a crowd commemorating Revolutionary Guards general Qasem Soleimani four years after his death in a US strike. Watch to know more.
As to the announcement released by Commerce Minister Piyush Goyal on January 3, India's economy is expected to reach $4 trillion before the next general elections. In the next two to three years, Goyal predicted with certainty, India's economy would grow even more to reach $5 trillion, making it the third largest in the world by 2027. Watch to know more.
During his official two-day visit to Lakshadweep, Prime Minister Narendra Modi, engaged in snorkelling and shared photos of his morning walk along the picturesque beaches of the region. The PM also inaugurated a range of significant developmental projects worth Rs 1,156 crore in Kavaratti on January 3. Watch for further information on the visit and the wide-ranging initiatives in the region
U.S. court documents naming people who had ties with the late sex offender Jeffrey Epstein, were unsealed on Wednesday. The names of more than 150 people mentioned in a lawsuit by Virginia Giuffre, one of Epstein's most prominent accusers, were kept under seal for years until a federal judge ruled last month that there was no legal justification to keep them private. It brought the spotlight back on big names, including Britain's Prince Andrew, who was accused of groping a woman. The documents include extracts of a deposition by one of Epstein's accusers, who alleges the Duke of York put his hand on her breast when posing for a photo in 2001 at Epstein’s Manhattan townhouse.
Members of the U.N. Security Council on 3rd January 2024 called on Yemen's Houthis to halt their attacks on shipping in the Red Sea and the Gulf of Aden, saying they are illegal and threaten regional stability, freedom of navigation, and global food supplies. UN Assistant Secretary-General Khaled Khiari told the Security Council, “The United Nations continues to warn against the adverse political, security, economic and humanitarian repercussions of military escalation in the Red Sea and the risk of exacerbating regional tensions.”
Russia's opposition politician Alexei Navalny is being held at the “Polar Wolf” prison, which lies north of the Arctic Circle and considered one of Russia’s toughest. Watch!
What makes Japan prone to earthquakes & tsunamis? The answer to this question lies in the location of Japan. Japan is situated along the ‘Ring of Fire’, which is the most active earthquake tectonic belt in the world. The ‘ring’ refers to “an imaginary horseshoe-shaped zone that follows the rim of the Pacific Ocean. However, Japan has found a way to lessen the impact of the earthquakes. Watch to find out.
A Japan Airlines airplane carrying hundreds of people crashed into an earthquake rescue aircraft and caught fire as it touched down at Tokyo's Haneda airport, killing five people on Jan 2, 2024. Watch to know more
The Supreme Court on January 3 dismissed the pleas seeking transfer of the probe into allegations of violations of securities laws by the Adani group companies to a special investigation team. This comes almost a year after the Hindenburg Research came out with a damning report against the Adani Group. The court said there was no need to question the market regulator Securities and Exchange Board of India’s investigation and asked SEBI to complete the remaining two of the 24 probes in three months.
Harvard President Claudine Gay on Tuesday said she would resign from her position, ending a six-month tenure marred by allegations of plagiarism and backlash over her congressional testimony about antisemitism on campus on December 5. Watch!
An Israeli drone strike killed a senior Hamas leader in Beirut on 2nd January 2024. Saleh al-Arouri was a member of Hamas’ political bureau and a co-founder of its military wing. His killing marks the first assassination of a Hamas official outside the Palestinian Territories since the group's deadly assault on Israeli territory. In Gaza, Palestinian health officials say the death toll has surpassed 22,000. Watch this video to know more.
Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools. A part of Network18, moneycontrol.com is the most influential destination for stock market news and advice, business news, and news about the Indian and global economy.
Israel's Maya and her younger brother, Itay Regev, share their experiences following their release from captivity by Hamas in Gaza. Watch the video for more!
IT industry veteran, Saurabh Srivastava, talks to Shweta Punj of Moneycontrol on high profile exits from IT majors, fall of decacorns, the new digital competition law and outlook for 2024. Expect the IT slowdown to continue until 2025
The central Government earned Rs 1,603 Crores from selling scrap since October, 2021. This is double the budget of Chandrayaan 3. But, how did they earn so much? What are the items which were sold. Watch to know more!
Japan has been hit by 155 earthquakes since 1st January including the main 7.6-magnitude jolt that struck Ishikawa and another 6. The major temblor killed 24 people, according to a report by news agency Reuters and triggered tsunami waves over a metre high. The earthquake damaged homes and sparked a major fire that caused damage overnight. The authorities are still assessing the scale of the damage from the quake.
Scientists at Lawrence Livermore National Laboratory have figured a way to simulate asteroid defense using nukes, which they call ‘nuclear ablation’. This comes after NASA launched its DART mission last year. The first-ever mission dedicated towards changing an asteroid’s motion in space. NASA’s DART mission successfully redirected an asteroid named dimorphous’ orbit. But, how will nuking the asteroid actually work? And why is it better than DART’s mission? Watch
Ongoing disruptions in the Red Sea caused by attacks from Yemen's Houthi rebel group may prompt New Delhi to explore an alternative route through Africa for transporting basmati rice. This shift could potentially result in a price increase of approximately 15-20%. The attacks in the Red Sea are expected to affect India's basmati rice shipments, as the region serves as a vital pathway for oil, liquefied natural gas, and consumer goods transportation. Additionally, it plays a crucial role in accessing the Suez Canal, a pivotal maritime link connecting Asia and Europe.
In 2023, the cryptocurrency market saw ups and downs, but it also produced profitable gains. This year, the price of bitcoin increased 160%, drawing in institutional money. By 2024, Bitcoin might be worth about $70.5 billion. Watch to know more
From Google’s CEO Sundar Pichai to India’s PM Narendra Modi, everyone has talked about artificial intelligence in 2023. On one hand, you see AI fueling the growth of the Indian economy; but on the other hand, Paytm has laid off over 1000 employees after implementing AI automation technology. As AI keeps evolving, governments are creating new regulations to curb its misuse. So, in 2024, you can expect more AI tools, and software; but this doesn’t need to hinder your life… Instead, you can use AI to your advantage, but how? Which is exactly what we’re answering in this video. Before walking into 2024, this is how you can arrange your finances, invest in markets & spend your money judiciously with AI.
President Vladimir Putin on Wednesday invited Prime Minister Narendra Modi to visit Russia next year, saying it will allow them to discuss all current issues and talk about the outlook for the development of bilateral relations. "We will be glad to see our friend, Mr. Prime Minister Modi in Russia," Putin told External Affairs Minister S Jaishankar, who called on the Russian leader at the Kremlin. "We will be able to discuss all current issues, talk about the outlook for the development of Russian-Indian relations. We have a very large amount of work to do," the Russian leader was quoted as saying by the state-run Tass news agency. He asked the Indian minister to pass on to Modi "his best wishes" and an invitation to come to Russia.
India's music concerts are a big hit among the youngsters. Starting from Jonas Brothers to Ed Sheeran, all the international sensations are now performing on the Indian stage considering the pool of audience and the growth of music industry in the country. The music concerts are poised to generate revenue as high as Rs 1,000 Crore by 2025 with some amazing concerts lined up for 2024. Which ones will you be attending? Watch to select from the list.
For the first time, a Hindu woman will contest general elections in Pakistan. Dr. Saveera Parkash has filed her nomination from the PK-25 seat of Buner district, Khyber Pakhtunkhwa province. Pakistan will go to polls on February 8 to elect the members of the 16th National Assembly. Recent amendments by the Election Commission of Pakistan (ECP) mandate a 5% inclusion of women candidates in general seats At least 28,626 candidates filed their nominations to contest the February 8 general elections. Watch for more.