58pc Indian organisations boost learning & development budgets for FY25: Report

New Delhi, (IANS): About 58.5 per cent of organisations in India have increased their learning and development budgets for FY25, according to a report on Monday.The report by Great Learning, a leading global edtech company, is based on trends observed among the company’s client partners across various sectors and insights from a survey of over 100 learning and development and business unit heads.It showed that in FY24, four out of five companies reported reduced hiring costs due to effective internal talent development. For 64 per cent of these enterprises, the main goal of investing in workforce training was to cultivate emerging skills among early-career professionals to fuel business growth.About 36 per cent of organisations focused on enhancing productivity, innovation, and creativity to improve overall effectiveness and foster a culture of innovation.Further, the report showed that Indian enterprises led by the IT sector and followed by analytics and digital solutions firms have placed a strong emphasis on training in artificial intelligence (AI), machine learning, data science,...

Read More........ → September 16, 2024

India expected to clock 7.2 pc GDP growth in 2024-25: Report

New Delhi, (IANS) India's economy is expected to clock a 7 to 7.2 per cent growth rate in 2024-25 supported by a rebounding rural economy, strong manufacturing growth, robust bank balance sheets, and increased exports, according to financial advisory firm Deloitte.The August update of Deloitte's India Economic Outlook said several initiatives in the Union Budget 2024-25 toward improving agriculture productivity, creating jobs for the youth, and manufacturing would help improve supply-side demand, curb inflation, and prop up consumer spending, especially in rural areas.According to the report, optimism prevails as India records 8.2 per cent growth in the FY 2023-2024, exceeding all expectations for the third consecutive year. Amidst the robust growth, new spending patterns are emerging in both rural and urban India. There is a visible shift towards spending on discretionary durable goods (including automobiles and electric and electronic goods) as well as services as evidenced by the data released by the Household Consumption Expenditure Survey 2022-23, the report added.This points to...

Read More........ → September 12, 2024

US mobile customers harmed by T-Mobile’s Sprint purchase according to report

Rewheel figures show that T-Mobile’s purchase of Sprint has helped keep US mobile prices highAccording to a new report from Rewheel, T-Mobile’s acquisition of Sprint in 2020 has contributed to the exorbitant mobile prices in the US.“Five years on, the Sprint / T-Mobile 4-to-3 mobile merger made the US one of the most expensive mobile markets in the world,” the firm wrote in the report. “While monthly prices were falling and continue to fall across mobile markets and while the same was true in the US mobile market prior to the merger, after the merger prices in the US either stopped falling altogether or fell at a much slower rate. The 4-to-3 mobile merger in the US led to higher prices and consumer harm.”In general, Rewheel reported, “monthly prices are 2-3x higher and gigabyte prices are 5-6x higher in markets with only 3 mobile operators,” as compared to markets with 4 mobile operators. The findings were based on the monthly price of 50GB in voice and data plans with at least 1000 minutes and 10 Mbit/s speeds.By contrast, the CTIA, the US wireless industry’s main trade association,...

Read More........ → May 30, 2024