GLOBAL SURVEY
Asia's factory activity expands in June on solid global demand
The surveys show how Chinese firms are ramping up production despite weak domestic demand, which Beijing has failed to reverse with a rescue package for an ailing property sector.
India prepares first comprehensive list of fauna
India, under the leadership of Prime Minister Narendra Modi, is at the forefront of global biodiversity conservation efforts, as showcased by the unveiling of the Fauna of India Checklist Portal encompassing over 1,00,000 species. The country's commitment is evident through initiatives like 'Ek Ped Maa Ke Naam' and projects like the cheetah relocation program.
Majority of Indian employers plans to add staff in first six months of FY25: Survey
The Indian employment market is expected to expand by more than 6% in the first half of the fiscal year, driven by a positive economic climate across 23 industries, according to TeamLease Services' Employment Outlook Report for H1 FY25. The report, which surveyed 1,417 employers in 20 cities, found that 56% of employers plan to grow their workforce in the coming months, 23% expect to maintain current levels, and 21% foresee a decline in staff numbers.
New survey reveals nearly 74% Indians support taxing the super-rich; Here's why
As the G20 finance ministers' meeting approaches, a new survey shows overwhelming public support for a wealth tax on the super-rich. Conducted by the Earth4All initiative and Global Commons Alliance, the survey reveals that 74 per cent of Indians support wealth taxation to address global issues like hunger, inequality, and climate change. The meeting will discuss implementing a global minimum tax on the ultra-rich, potentially reshaping global economic policies.
Nearly nine in 10 recruiters use AI for sourcing candidates: Survey
India Inc. is grappling with a shortage of workers skilled in AI, despite over half of recruiters being prepared for AI adoption. Lack of knowledge or training is cited as a major barrier, emphasizing the need for educational initiatives to bridge the skills gap. A survey from Talent500 indicates a strong inclination among companies to incorporate AI-driven tools into their recruitment processes.
Employees prefer work from home as heatwave forces corporates to adopt hybrid work
The 2023 report released by the Intergovernmental Panel on Climate Change (IPCC) reveals that rising global temperatures have led to unprecedented climate change across all regions of the world, with consequences ranging from rising sea levels to more frequent and severe weather events, as well as the rapid disappearance of sea ice.
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Most entry-level job seekers prioritise competitive wages, benefits: Survey
Employers are focusing on competitive wages and growth opportunities to attract top talent amid shift in preference among employees away from 9-5 jobs.
Central banks around the world have positive outlook on gold, according to World Gold Council survey
The WGC survey received responses from a record-high 70 central banks. The survey shows that Central bank sentiment towards gold remains very high, with 29 per cent saying they will add more gold in the next 12 months and 81 per cent saying that official sector gold reserves overall will grow in the same period. Optimism towards gold’s future role in global reserves continues to grow, with 69% saying that gold’s share of reserves will be higher in five years compared to 62% last year, the WGC survey said.
India's fast-growing economy has a problem
India faced criticism for withholding a labor survey revealing high unemployment until after Modi's re-election in 2019.
Companies need to increase AI skilling initiatives and also focus on ethics: Survey
Only 25% of IT professionals are very familiar with AI, as per ISACA survey. 40% orgs lack structured AI training, highlighting knowledge gaps and need for upskilling.
Mumbai remains India's most expensive city to live in: Survey
Within Asia, Mumbai and Delhi have seen upward movement in rankings. Mumbai has climbed six spots, while Delhi has moved up by two. As a result, Mumbai is now ranked as the 21st most expensive for expats among the cities surveyed in Asia, while Delhi is at the 30th position.
Global rate-cut juggernaut is struggling to start
Central banks cagey about joining the global interest-rate cutting cycle may reveal themselves this week with a quartet of decisions in advanced economies.
Why AI's future is Indian: SenseAI survey shows how India is at a turning point
One of the key revelations is that SaaS has emerged as the dominant business model among the startups in a survey, indicating a growing preference for cloud-based AI solutions.
Nearly 90% Indian employees say they are suffering, over 40% are sad: Gallup Workplace Report
The Gallup 2024 State of the Global Workplace report reveals that only 14% of Indian employees feel they are "thriving," while 86% are "struggling" or "suffering." South Asia shows similar trends, with low levels of thriving. Despite high daily anger rates, India boasts a 32% employee engagement rate, surpassing the global average of 23%.
Companies cautious on short-term hiring, but overall outlook stays upbeat
Employers in India are showing caution in short-term hiring for the July-September quarter, with a net employment outlook of 30%, six percentage points lower than the current quarter and the same period last year. While 48% of employers plan to hire more people, 18% expect a decrease in hiring or have no plans to hire. The most optimistic sectors are finance and real estate, healthcare and life sciences, and IT, while communication services and transport, logistics, and automotive are less optimistic.
Southeast Asian nations top choice for Indians travelling abroad this summer: Survey
Southeast Asian countries are top choices for Indian travelers for short vacations, with Bali, Pattaya, and Bangkok being popular destinations according to the OYO Global Summer Vacations Travelopedia 2024 survey. Europe and the United States are preferred for longer stays. OYO Founder and CEO Ritesh Agarwal highlighted the convenience for Indian travelers.
Not just employers with benefits! India Inc looks to be more to woo talent
Corporate India is offering new-age benefits, realizing that attracting and retaining talent requires more than just high salaries. Cos offer new-age perks like cash for self-development, health insurance for siblings and pet care to woo talent
Answer to India’s critical minerals requirement lie in India’s extended neighbourhood
India is exploring critical minerals in Latin America for EVs, but a solution may be closer in Kazakhstan. The country has reserves of critical minerals that can support India's clean energy goals.
Abki Baar? Participate in our Lok Sabha Elections Survey to gauge the mood of the nation
As the Indian elections near completion, key questions arise: Will a single party gain a majority, or will voters opt for change? Can the INDIA bloc remain united if victorious, or will ideological differences cause disintegration? If BJP wins, can PM Modi fulfill his promises, and who will succeed him? The ET Online Elections Survey seeks to gauge public sentiment.
GCCs see regulatory compliance as key for India expansion: Survey
Global capability centres (GCCs) operating in India have made it a priority to understand local compliance norms amid an evolving regulatory and GenAI landscape, as per a Nasscom-KPMG survey report.
European shares struggle for direction ahead of ECB's inflation surveys
European shares were subdued as investors awaited inflation surveys for insights on the ECB's monetary policy, with Germany's DAX up 0.2% post a 1.8% fall in April's wholesale prices.
New highs on D-Street! Nifty scales Mt 23K, Sensex hits fresh peak
Indian benchmark equity indices Nifty and Sensex hit fresh record highs on Friday, led by banking and financial stocks, despite robust U.S. economic data.
European shares rise as chipmakers bounce on Nvidia forecast
European stocks edged higher on Thursday after strong forecasts from AI darling Nvidia lifted global chipmakers, while investors awaited the latest business surveys to gauge the euro zone economy's outlook and interest rate path.
Antarctica's record-low sea ice levels made 4 times more likely by global warming: Study
Researchers, led by those at the British Antarctic Survey (BAS), using climate datasets and models found that Antarctic sea ice reaching historic lows would occur only once in over 2,000 years, or was "extremely unlikely" without climate change, which made the record-low levels of sea ice around Antarctica more than four times likelier.
Cash flow struggles, access to finance continue to be major barriers for India’s small businesses: CPA Australia survey
On access to finance, the survey revealed that 42% of respondents said it was easy to seek funds in 2023, a sharp decline from 69% in 2022.
Investors 'most bullish' since Nov 2021 - BofA survey
The survey of global fund managers with $562 billion in asset under management found 82% expect the first by the rate cut by the Federal Reserve in the second half, while 78% say a recession is unlikely over the next 12 months.
IG Drones secures work order to conduct drone survey at NMDC Diamond Mining Project, Panna
IG Drones conducts drone surveys at the diamond mining project in Panna, Madhya Pradesh. The company aims to establish India as the global drone hub by 2030.
Cyber attack, data breach among top risks for businesses in India: Survey
The biennial survey said that India's dependency on technology is likely to increase with the widespread adoption of digital infrastructure like the Unified Payments Interface, Aadhaar, and Open Network for Digital Commerce. "With increasing digitisation, cybercrimes continue to become rampant with costs and complexities associated with such breaches forcing organisations to look at risk mitigation and transfer mechanisms to better manage cyber risks," the survey noted.
Cyberattack is top concern for businesses in India: Aon Survey
Companies that participated in Aon’s 2023 Global Risk Management Survey listed business interruptions and failure to attract or retain top talent as the other top concerns
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