Welcome to new beginnings in 2021.
The New Year raises new hopes, new expectations, new aspirations - even new anxieties. Finance Minister Nirmala Sitharaman has raised hopes by inviting ideas to spur growth with a promise to deliver a Budget like never before . Centre has shown an open mind to suggestions. That has given rise to the belief that the government will finally act on the biggest problem facing the economy - demand or consumption. Centre s attempts so far to accelerate supply-side economy, idolising the China model of investment-led growth has turned out to be a wrong diagnosis of the current state of Indian economy. It delivered neither investment, nor growth. Instead, it caused several quarters of unimpeded deceleration as demand collapsed on the back of slowdown, uncertainty and job losses. Covid only worsened the state of the economy.
AI is becoming main part of most businesses: Capgemini India CEO
The AI technologies are getting more mature and Capgemini s recent survey says companies are using it for prediction and as a main part of the business
Rukmini Rao | December 22, 2020 | Updated 20:48 IST
Capgemini India s CEO Ashwin Yardi
With the company s recent survey showing over 55 per cent of CXOs looking to scale up artificial intelligence (AI) adoption, Capgemini is focusing more on expanding its portfolio across AI technologies. The AI technologies are getting more mature and the survey says companies are using it for prediction and as a main part of the business. Also, with nearly 95 per cent of workforce operating from home and the company moving the entire hiring and training process virtually, Capgemini India has been shaping up an entirely new working mode since the onset of the pandemic. In an exclusive conversation with Business Today s Rukmini Rao and Rajeev Dubey, Capgemini India s CEO Ashwin Yard
Retail s Battle of Wallets & Wits
Mukesh Ambani s Reliance Retail, Jeff Bezos s Amazon Inc. and the Walton family s Walmart-Flipkart combo are pitching themselves for the long haul in Indian retail
Rajeev Dubey, Editor, Business Today
Knives - and wallets - are out in full measure as three of the world s richest businesses vie for supremacy of India s $850 billion retail market, an industry that is projected to present an even greater business opportunity of $1.3 trillion as soon as 2025. Mukesh Ambani s Reliance Retail, Jeff Bezos s Amazon Inc. and the Walton family s Walmart-Flipkart combo are pitching themselves for the long haul in Indian retail. With $33.3 billion (Rs 2.46 lakh crore) already invested, they are digging into their deep pockets to ready an arsenal that will endure a multi-year battle for leadership. And the Tatas - one of India s oldest business houses and among the most conservative - have also thrown their hat into the ring by bidding for India s biggest groc