Author: V. Alure

A candid remark by former UK Prime Minister Rishi Sunak on the future of employment sparked intense discussion at the India AI Impact Summit 2026, as he warned that artificial intelligence could significantly disrupt traditional labour markets. Addressing policymakers, business leaders and technology experts, Sunak acknowledged that rapid advances in AI are likely to displace certain categories of jobs, particularly roles involving repetitive or automatable tasks. “Jobs will go,” he noted, stressing that governments must proactively prepare workforces for structural shifts driven by emerging technologies. However, he also emphasised that AI will create new opportunities in advanced sectors, innovation ecosystems…

Maharashtra State Electricity Distribution Company plans to complete the demerger of its agriculture arm by April, a key step ahead of its planned initial public offering for December, a top official has said.”We are targeting an IPO by December for MSEDCL (Maharashtra State Electricity Distribution Company), and before that, we will demerge our agriculture business, which we aim to complete by April,” its Chairman and Managing Director Lokesh Chandra told PTI on the sidelines of the Mumbai Climate Week.The agriculture segment will be carved out as a separate company, not a subsidiary, ensuring its liabilities do not remain on the…

Fears around artificial intelligence (AI) sparked a global selloff in information technology (IT) stocks, dragging down domestic software shares and prompting the heaviest foreign portfolio investor (FPI) outflows since the second half of July 2025.   FPIs sold IT stocks worth ₹10,956 crore in the first half of February, according to the data from National Securities Depository Ltd (NSDL). During the same period, Dalal Street saw a total inflow of ₹29,709 crore, with IT stocks seeing the worst selloff.  On the bourses, the Nifty IT index has declined 15 per cent so far in February, putting it on track for its…

India AI Impact Summit 2026: Reliance Jio will bring down the cost of artificial intelligence (AI) dramatically, as announced by Mukesh Ambani, Chairman & Managing Director of Reliance Industries Limited, at the AI Summit. He also said that the company will invest Rs 10 lakh crore over the next seven years towards AI.  During his address at the India AI Impact Summit 2026, Ambani said, “Today, on behalf of the Reliance Group and Jio Intelligence, I want to make three announcements. Announcement 1, Jio connected India to the internet era.,Jio will now connect India to the intelligence era. We will…

SEOUL, SOUTH KOREA – APRIL 21: Former South Korean President Yoon Suk Yeol arrives for his criminal trial on insurrection charges at a courtroom of the Seoul Central District Court on April 21, 2025 in Seoul, South Korea. The second trial regarding former President Yoon Suk-yeol’s charge of leading a rebellion hold at the Seoul Central District Court. (Photo by Jung Yeon-Je – Pool/Getty Images)Pool | Getty Images News | Getty ImagesFormer South Korean president Yoon Suk Yeol was sentenced to life imprisonment Thursday after being found guilty of leading an insurrection during his declaration of martial law in December…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Former South Korean president Yoon Suk Yeol has been sentenced to life in prison for insurrection over his failed attempt to impose martial law that plunged the country into turmoil.A three-judge panel at Seoul Central District Court on Thursday found that Yoon was guilty of leading an insurrection in late 2024 that attempted to subvert the constitution.“Yoon’s acts of sedition fundamentally undermine the core values ​​of democracy,” said judge Ji Gwi-yeon.Yoon had faced the possibility of a death sentence.The verdict caps a…

Carvana Co. (NYSE: CVNA) reported record fourth-quarter and full-year 2025 results, reflecting strong growth in retail unit sales, higher revenue and a sharp improvement in profitability, according to the company’s earnings release for the quarter and year ended Dec. 31, 2025. Key points Full-year retail units sold reached 596,641, up 43% year on year Full-year revenue rose to $20.3 billion, up 49% year on year Full-year net income reached $1.9 billion; adjusted EBITDA totaled $2.2 billion Q4 retail units sold increased 43% year on year to 163,522 Q4 revenue rose 58% year on year to $5.60 billion The company expects…

Trump administration expands ICE authority to detain refugees Source link #Trump #administration #expands #ICE #authority #detain #refugees

The real estate and construction markets in the UK remain cautiously optimistic, despite ongoing barriers to investment. However, just under half suggest that continued economic volatility could become a problem as 2026 rolls on. Spiralling costs and supply chain disruption have caused huge issues for the UK’s real estate and construction segments. London is now the world’s most expensive city to undertake the fitting out process – for example, in a knock to the UK capital’s attractiveness as a business hub. Analysing fit-out costs across 50 global locations, the researchers found that in London the average high specification project cost…

Baker Tilly International has named its new global head of tax. Ian Halligan brings more than three decades of professional services experience to the role. Halligan commented, “I’m pleased to be taking on this role at an exciting time for both the Baker Tilly network and the tax profession internationally. Together with our tax teams around the world, I look forward to working with our clients to solve their taxation challenges and opportunities.” Baker Tilly International is a consulting and public accounting firm, headquartered in London. With member firms spread across 700 offices, and 145 territories. This makes its combined network…