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Nearly 500 cities set to become next economic hubs: FM Sitharaman

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India's middle class, comprising 31% of the population, is identified as the nation's primary growth engine, driving nearly all consumer spending. This demographic is expanding annually at 6.3% and is increasingly found in tier-two and tier-three cities, not just metropolises. Finance Minister Nirmala Sitharaman highlighted that around 500 cities are set to become new economic hubs, with government initiatives supporting AI-driven skill development to address job displacement fears. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/lvVT5GK >
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Factory floor emerges as new cyber battleground

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Recent cyberattacks on Bajaj Auto and Tata Electronics have underscored the escalating cyber risks for India's manufacturing sector. As factories embrace automation and AI, their increased connectivity creates larger vulnerabilities. Experts warn that these breaches, which can halt production and compromise sensitive data, threaten intellectual property crucial for India's 'China-plus-one' strategy. Strengthening cybersecurity measures is now paramount for business continuity and trust. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/IfXwtne >
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Loan growth speeds up in Q1, deposits still lag

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Indian banks witnessed robust credit growth in the June 2026 quarter, with some lenders seeing advances surge significantly. However, a widening gap emerged as deposits declined for select banks like Bank of Baroda, IDBI, and RBL. Public sector banks maintained a steadier credit-deposit growth, while private lenders adjusted liabilities. Factors like a new credit guarantee scheme and supply chain issues fueled loan demand. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/o7gvCuR >
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Recruiters deploy AI to catch ghost coders

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Campus hiring faces a new wave of sophisticated cheating, fueled by GenAI. Recruiters are battling hidden devices, AI tools, proxy candidates, and ghost coders. To counter this, companies are increasingly deploying AI-powered proctoring and shifting away from browser-based tests. Experts highlight that live follow-up interviews are proving effective in exposing candidates who relied on AI assistance. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/blkhuFa >
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WC assists top-end as smart TVs shrink

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Despite a dip in India's smart TV market, the FIFA World Cup is driving a surge in premium television sales, especially for larger screens. Brands report significant demand for TVs 55 inches and above, with QLED and MiniLED technologies gaining traction. While macroeconomic pressures affect entry-level purchases, major sporting events are prompting consumers to upgrade to bigger, better-equipped models, particularly in football-centric regions. from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/2V1eQr0 >
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GST rate reset led to consumption boost

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/iHb97v3 >
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45% of homes will need electrical upgrades to charge EVs: Study

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from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/eriBtWz >
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