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The Latest Breaking News from The Economic Times

Talent shortage slows AI project progress beyond pilot stages

India faces a looming AI talent crisis, with projections indicating a shortage of over a million professionals by 2027. Companies are struggling to move AI projects beyond pilot phases due to a significant gap in skilled workers, particularly in deployment roles. This demand-supply imbalance is driving up salaries and impacting…

The Economic Times

NPCI plans to enable unified e-mandate tracking for all UPI apps

The National Payments Corporation of India is set to unify UPI e-mandate management for all third-party apps, allowing users to view subscriptions in one place. While viewing will be centralised, cancellations will still require visiting the original booking app. This move aims to simplify the rapidly growing UPI AutoPay feature,…

The Economic Times

Cybersecurity firm Mitigata raises $15 million funding led by Bessemer Venture Partners

Bengaluru-based cybersecurity firm Mitigata has secured $15 million in a funding round led by Bessemer Venture Partners. The capital infusion will fuel headcount expansion, bolster research and development, and drive international market entry into the Middle East and Southeast Asia. Mitigata's AI-powered platform offers comprehensive cybersecurity solutions, addressing the escalating…

The Economic Times

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Software-hardware loop fuelling all new AI super cycle

While energy and cooling challenges persist, a lot more hardware requirements are expected to emerge, Synopsys CIO Sriram Sitaraman told ET. While energy and cooling pose challenges, innovation is anticipated to overcome these. Enterprises are also seeing productivity boosts from AI in repetitive tasks, shifting towards efficient model usage and…

The Economic Times

As AI adoption grows, token consumption comes under close scrutiny

Businesses are facing hefty AI bills, prompting a shift from simply counting AI tokens to scrutinising their actual value. Companies are now tracking cost per outcome and implementing stricter controls like usage dashboards and approval mechanisms. Firms are exploring cheaper models and consolidating tools to manage expenses and ensure measurable…

The Economic Times

A new bunch of AI spin-offs ripe for the picking

Indian tech unicorns are transforming their internal AI tools into independent businesses, mirroring successes like Amazon Web Services and Slack. Companies such as NoBroker, Moglix, Apna, and Practo are leveraging years of accumulated data and domain expertise to launch AI-powered platforms. This strategic pivot capitalizes on the current AI wave,…

The Economic Times

Former US Fed chairman Alan Greenspan passes away at 100

Alan Greenspan, former US Federal Reserve chief, has passed away at 100. He steered the American economy through significant events like the 1987 stock market crash and the dot-com bust. While lauded for his steady leadership during economic expansions, he faced criticism for not curbing market excesses before the 2008…

The Economic Times

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Idiom of the Day: 'Like a phoenix rising from the ashes...'- Meaning, origin, and life lessons on failure and resilience

Life's setbacks, whether personal or professional, often feel like an end. However, the powerful idiom 'like a phoenix rising from the ashes' highlights our innate ability to overcome destruction and emerge stronger. This ancient symbol of rebirth teaches resilience, transformation, and the courage to rebuild after loss, reminding us that…

The Economic Times

Does planting more trees on farmland actually hurt bird populations? Here's what a new study reveals about hidden risks of tree planting

New research from Japan reveals that planting trees for conservation, while beneficial for some birds, can negatively impact species reliant on open agricultural wetlands. Shelterbelts, intended to protect crops, were found to significantly reduce grassland bird populations and wetland species diversity. This highlights a critical trade-off, suggesting that well-intentioned tree…

The Economic Times

French Proverb of the Day: 'Don’t aim for success if you want it; just do what you...'- A timeless lesson about passion, perseverance and purpose

A timeless French proverb advises against chasing success directly. Instead, it suggests focusing on doing what you love and believe in, asserting that fulfillment and achievement will naturally follow. This wisdom highlights that genuine passion fuels consistent effort and resilience, leading to meaningful accomplishments. The saying encourages a purpose-driven approach…

The Economic Times

Psychology says people who take short breaks for tea, coffee or chats aren't avoiding work: What this habit reveals?

Psychology says people who take short breaks for tea, coffee or chats aren't always avoiding work. Research in psychology suggests that planned short breaks can support attention, reduce mental fatigue, and improve focus. The way people use these breaks also depends on the workplace, personal habits, and workload. Understanding this…

The Economic Times

Who is Messi's wife? A family photo sparks fan frenzy before crucial Argentina World Cup match- Here's how Lionel Messi responded

Lionel Messi shared a heartwarming moment with his wife, Antonela Roccuzzo, after she posted a family photo before an Argentina World Cup game. The soccer superstar, who has achieved immense success on and off the field, is married to Roccuzzo, his childhood sweetheart. The couple, parents to three sons, are…

The Economic Times

Japanese proverb of the day: 'If you have no failure in life, you will...' - this Japanese saying reveals why failure might be the key to success and inspirational life lessons on personal growth and importance of learning from mistakes

Japanese proverb of the day: A Japanese saying suggests that a life devoid of failure ultimately leads to failure. This wisdom highlights that setbacks are not the antithesis of success but rather crucial stepping stones for personal growth and resilience.

The Economic Times

Best proverb of the day: 'A false friend is like a...' Life lessons from African proverb on fair-weather friends, true character, resilience, discernment and loyalty

Best proverb of the day reminds us that not every person who stands beside us during success will remain during difficult times. The African proverb, "A false friend is like a shadow; they are only with you when the sun is shining," teaches lessons about loyalty, resilience, discernment, trust and…

The Economic Times

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Life lesson of the day by the Victorian-era English novelist George Eliot: 'It is never too late to be what you might have been...'- 'Middlemarch' author's timeless life lesson on why it’s never too late to become who you were meant to be

Life lesson of the day: George Eliot's enduring wisdom, "It is never too late to be what you might have been," resonates powerfully. Her own life, marked by a late start to her literary career, exemplifies that age and past circumstances need not define our potential. Eliot's journey underscores the…

The Economic Times

US stocks: S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran

US market saw a mixed close as the S&P 500 and Nasdaq dipped, primarily due to tech giants like Alphabet facing investor scrutiny over AI spending. The Dow, however, edged higher, supported by healthcare and industrial gains. Falling oil prices offered some relief, but a hawkish Federal Reserve stance and…

The Economic Times

Quote of the Day by Emma Watson: “I don't want other people to decide what… – Inspiring lessons on self-identity, empowerment, individuality, confidence and why you should be the author of your own story by the actress and activist known for her advocacy for gender equality and self-awareness

Quote of the Day by Emma Watson: Emma Watson’s quote, “I don't want other people to decide what I am. I want to decide that for myself,” highlights the importance of self-identity, independence, and personal choice in shaping one’s life. The quote suggests that individuals should not be defined by…

The Economic Times

Quote of the day by Clint Eastwood: 'When you're young, you're very reckless. Then you get...' - Letters from Iwo Jima and Two Mules for Sister Sara actor revealed how people's behavior changes as they grow older

Quote of the day by Clint Eastwood: Clint Eastwood's quote reveals a fascinating human behavior cycle: initial youthful recklessness often matures into caution due to responsibilities. However, this phase isn't permanent. Many later embrace a renewed boldness, shaped by experience and a deeper understanding of life.

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The Economic Times

Alan Greenspan dies at 100: What is Parkinson disease, symptoms, stages and what causes it explained as it affects over a million in US

What is Parkinson's disease?: Former Federal Reserve Chairman Alan Greenspan has reportedly passed away at 100. His death has sparked public interest in age-related illnesses, particularly Parkinson's disease. This progressive neurological disorder affects movement due to dopamine loss in the brain, leading to symptoms like tremors and stiffness. While the…

The Economic Times

Best proverb of the day: 'A clever person turns great troubles into...' Life lessons from Chinese proverb on proactive problem-solving, strategy, foresight and emotional regulation

Best proverb of the day reminds us that problems become easier to manage when they are handled early and with a calm mind. This Chinese proverb teaches proactive problem-solving, emotional regulation, strategic thinking and prevention. It explains how breaking large challenges into smaller tasks helps people reduce stress, avoid future…

The Economic Times

Chinese Proverb of the Day: 'You can carve and polish without even denting rotten wood'- A timeless Chinese lesson about perseverance and determination

A timeless Chinese proverb highlights the transformative power of persistence. It contrasts the futility of working on weak foundations with the ability of sustained effort to shape even the hardest materials like metal and stone. This ancient wisdom emphasizes that true achievement stems not from instant success, but from dedication,…

The Economic Times

Tuesday Work Quote of the Day by Epicurus: "You don't develop courage by being happy in your relationships everyday. You develop it by surviving difficult times and challenging adversity"

Quote of the day: According to Greek philosopher Epicurus, you don't find courage in constant happiness but by surviving challenging times. Difficulties, setbacks and losses, are presented not as failures but as crucial training grounds for inner strength and resilience. Embracing these challenges, even on ordinary weekdays like Tuesday, builds…

The Economic Times

Starmexit: UK set for 7th PM in 10 years

Starmer won a landslide victory in the 2024 general election, but a series of missteps badly damaged his credibility. His resignation comes the day before Britain marks the 10th anniversary of its vote to leave the European Union, a decision that still roils the country's economy and politics.

The Economic Times

Best Proverb of the Day: “It isn’t necessary to drown oneself in a glass of water” — Life lessons on perspective, balance, problem-solving, optimism, stress management and why this too shall pass

Best Proverb of the Day highlights the meaning of “It isn’t necessary to drown oneself in a glass of water.” The saying reflects how people often magnify small problems and react to minor difficulties as though they are major crises. It suggests that many stressful situations become overwhelming not because…

The Economic Times

Thought of the Day by Albert Camus: 'You will never be happy if you continue to search for what happiness consists of...' offers true meaning of life, teaches how to be happy

Thought of the Day: Happiness often emerges naturally when people engage in meaningful activities, build strong relationships, and appreciate the present moment.

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