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Time of India
15 hours ago
- Business
- Time of India
Virgin Atlantic Partners with TCS to Transform Airline Operations with AI and Cloud Technologies, ET TravelWorld
International 2 min read Virgin Atlantic renews TCS partnership to boost AI-led airline operations Virgin Atlantic has extended its two-decade partnership with Tata Consultancy Services for another seven years. The collaboration will modernise the airline's core technology systems with AI-driven tools, improve operational resilience, and enable personalised customer experiences. TCS will implement a unified technology platform and launch a Technology Command Centre to streamline airline operations and support real-time decision-making.
Time of India
2 days ago
- Business
- Time of India
AI to hit entry-level white-collar roles hardest: Jefferies report
Representative AI image Entry-level white-collar positions are likely to be the most affected by Artificial Intelligence (AI) implementation, according to a recent report by Jefferies. The findings highlight growing employment concerns for new workforce entrants in the United States, particularly recent university graduates. Currently, the unemployment rate for recent US university graduates stands at 5.8 per cent- well above the national average of 4 per cent and more than double the 2.7 per cent rate recorded among all university graduates. "We believe AI's most significant impact for investors will be through labour disruption, beginning with entry-level roles," said Jefferies, as quoted by ANI. The report claimed that that individuals entering the workforce are encountering greater employment challenges compared to other demographic groups. Anthropic CEO Dario Amodei, cited in the report, projected that AI could replace as much as half of entry-level white-collar jobs within one to five years. Amodei also warned that this trend could lead to a sharp rise in unemployment, potentially reaching between 10 per cent and 20 per cent. Sales, customer support, software development and marketing were identified as particularly vulnerable sectors, with junior-level staff forming a significant share of the workforce in these areas. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Click Here - This Might Save You From Losing Money Expertinspector Click Here Undo The report also noted that a degree in technology no longer assures job security. Unemployment rates among recent graduates in Computer Engineering and Computer Science have reached 7.5 per cent and 6.1 per cent respectively. AI's growing presence is evident across industries. Jefferies' research shows that out of 419 US companies that discussed AI in their earnings calls since 2021, 40 per cent came from non-tech sectors such as retail, finance and healthcare. Industry leaders present differing views on the impact of AI adoption. IBM CEO Arvind Krishna reported a net increase in employment following AI integration. In contrast, Klarna's CEO admitted that AI-led staff reductions compromised customer service quality, potentially requiring the company to rehire in the future. The Jefferies analysis positions AI as both a transformative opportunity and a serious challenge. While AI may drive efficiency and growth, it also raises significant concerns for early-career professionals. The report also stressed on the need for a coordinated response from corporations, governments and educational institutions to promote skill development and support workplace transitions in the AI era. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Standard
27-05-2025
- Business
- Business Standard
Vertoz Limited (Formerly known as Vertoz Advertising Limited) reports robust performance for Q4 & FY2024-25 Results
VMPL New Delhi [India], May 27: Vertoz Limited, a global MadTech and CloudTech technology company, delivering AI-led solutions across advertising, marketing, media monetization, digital identity, and cloud infrastructure, today announced its consolidated results for the fourth quarter and full year ending March 31, 2025. Consolidated Performance Highlights (in crores) Full year Highlights (Y-o-Y) * Revenue from Operations was reported at Rs. 255.20 crore, an increase of 64% Y-o-Y * EBITDA was reported at Rs. 36.44 crore, an increase of 70% Y-o-Y * PAT was reported at Rs. 25.66 crore, an increase of 59% Y-o-Y Q4 FY2025 Highlights (Y-o-Y) * Revenue from Operations was reported at Rs. 65.18 crore, an increase of 43% Y-o-Y * EBITDA was reported at Rs. 12.40 crore, an increase of 86% Y-o-Y * PAT was reported at Rs. 6.01 crore, an increase of 28% Y-o-Y Key Takeaways * Consolidated Revenue has grown 6x (March 2020 - March 2025) * Consolidated Profit CAGR growth of 44% (March 2020 - March 2025) * Focus on talent - expanded from a team of 45 to 350 in 5 years Over the past year, Vertoz has evolved from being an advertising-focused company to becoming a technology enabler -- powering both the future of advertising and marketing through MadTech, and the future of digital identity and cloud services through CloudTech and Domains. Despite global economic headwinds, Vertoz's revenue growth remained resilient, supported by our focus on evolution, adaption and growth. Management's Comment: Mr. Ashish Shah, Director, Vertoz Limited, said: "FY2025 was a year of transformation -- not just in the robust numbers we delivered, but in the kind of company we're becoming. Vertoz is evolving -- from a company with ambition to a company with global relevance. This transformation runs deeper than strategy -- it's a mindset. We're rethinking how we operate, how we innovate, and how we show up for our clients and teams. This shift in mindset has displayed in financial performance - Over the past five years, we've grown sixfold -- a journey that has been both inspiring and energizing. Yet, we're just getting started. From expanding our global presence to investing in what's next, we're building with clarity and intent. Our vision is clear: to become a global force in MadTech and CloudTech -- and in doing so, champion India's place on the world's digital map. I am incredibly proud of how our teams across the globe came together to drive innovation, stay agile, and deliver real value to our partners and customers. This is just the beginning -- we are setting the foundation for a bolder, even more global Vertoz."
Yahoo
23-05-2025
- Business
- Yahoo
Emerging market equity funds lure investors fleeing overvalued U.S. assets
By Patturaja Murugaboopathy and Johann M Cherian (Reuters) -Emerging market equity funds are leading the global performance this year, bolstered by attractive valuations, years of under-positioning by investors and an easing of economic pressures after U.S. President Donald Trump's pause on tariffs. According to data compiled by LSEG, funds tracking equities in Latin America and emerging Europe have each gained around 24% so far this year, while broader emerging market equity funds are up 9.3%. Notably, equity funds focused on Morocco, Colombia, Greece, Brazil, and Portugal have each returned more than 30% this year. In comparison, U.S.-focused equity funds have returned just 0.17%, and global equity funds are up 6.8%. The outperformance of emerging markets marks a reversal after their years of lagging developed markets, during which U.S. equities, driven by the AI-led tech rally, delivered stellar index gains. This year, however, investors have been selling U.S. assets as worries over possible recession, fiscal instability and Trump's erratic policies shake their faith in the dollar. LSEG Lipper data showed dedicated EM equity funds have attracted $10.6 billion in inflows in the first five months of the year, a 43% increase over the same period last year. Malcolm Dorson, emerging markets senior portfolio manager at GlobalX, attributed this to how under-owned emerging market equities are. U.S. investors allocate just 3–5% to emerging markets, well below the 10.5% weighting in the MSCI Global Index and far short of their roughly 25% share of global market capitalisation, he said. "Allocators are dangerously short a deeply discounted and fast-growing asset class," he said. Analysts also highlight improving fundamentals. Latin American countries are largely insulated from tariffs, given their trade deficits with the U.S., while Asian economies are pivoting toward domestic consumption. Further, upgraded its rating on emerging market stocks to "overweight" from "neutral" earlier this week. It said it expects all central banks across developing economies, excluding Brazil, to ease monetary policy, which could increase economic activity and the attractiveness of equity markets. Gains in tech stocks have buoyed Chinese and Hong Kong equities, drawing renewed interest from foreign investors seeking to invest in artificial intelligence and other low-cost tech firms such as DeepSeek. There are opportunities in Mexico and Brazil, which have remained resilient despite trade tensions, according to Alison Shimada, portfolio manager at Allspring Global Investments. "The China consumer story is especially interesting right now," she said. "Beijing is very focused on stimulating the consumer economy. India may be overbought, but there are pockets of opportunity such as power companies and non-bank financials." At the end of last month, the MSCI Emerging Markets Index was trading at a forward 12-month price-to-earnings ratio (P/E) of 11.96, just below its 10-year average of 12.1. In contrast, the MSCI USA and MSCI World indexes were trading at 20.5 and 18.1, well above their 10-year averages of 18.8 and 16.9, respectively. (Reporting By Patturaja Murugaboopathy in Bengaluru and Johann M Cherian in Singapore; Editing by Janane Venkatraman) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Emerging market equity funds lure investors fleeing overvalued U.S. assets
By Patturaja Murugaboopathy and Johann M Cherian (Reuters) -Emerging market equity funds are leading the global performance this year, bolstered by attractive valuations, years of under-positioning by investors and an easing of economic pressures after U.S. President Donald Trump's pause on tariffs. According to data compiled by LSEG, funds tracking equities in Latin America and emerging Europe have each gained around 24% so far this year, while broader emerging market equity funds are up 9.3%. Notably, equity funds focused on Morocco, Colombia, Greece, Brazil, and Portugal have each returned more than 30% this year. In comparison, U.S.-focused equity funds have returned just 0.17%, and global equity funds are up 6.8%. The outperformance of emerging markets marks a reversal after their years of lagging developed markets, during which U.S. equities, driven by the AI-led tech rally, delivered stellar index gains. This year, however, investors have been selling U.S. assets as worries over possible recession, fiscal instability and Trump's erratic policies shake their faith in the dollar. LSEG Lipper data showed dedicated EM equity funds have attracted $10.6 billion in inflows in the first five months of the year, a 43% increase over the same period last year. Malcolm Dorson, emerging markets senior portfolio manager at GlobalX, attributed this to how under-owned emerging market equities are. U.S. investors allocate just 3–5% to emerging markets, well below the 10.5% weighting in the MSCI Global Index and far short of their roughly 25% share of global market capitalisation, he said. "Allocators are dangerously short a deeply discounted and fast-growing asset class," he said. Analysts also highlight improving fundamentals. Latin American countries are largely insulated from tariffs, given their trade deficits with the U.S., while Asian economies are pivoting toward domestic consumption. Further, upgraded its rating on emerging market stocks to "overweight" from "neutral" earlier this week. It said it expects all central banks across developing economies, excluding Brazil, to ease monetary policy, which could increase economic activity and the attractiveness of equity markets. Gains in tech stocks have buoyed Chinese and Hong Kong equities, drawing renewed interest from foreign investors seeking to invest in artificial intelligence and other low-cost tech firms such as DeepSeek. There are opportunities in Mexico and Brazil, which have remained resilient despite trade tensions, according to Alison Shimada, portfolio manager at Allspring Global Investments. "The China consumer story is especially interesting right now," she said. "Beijing is very focused on stimulating the consumer economy. India may be overbought, but there are pockets of opportunity such as power companies and non-bank financials." At the end of last month, the MSCI Emerging Markets Index was trading at a forward 12-month price-to-earnings ratio (P/E) of 11.96, just below its 10-year average of 12.1. In contrast, the MSCI USA and MSCI World indexes were trading at 20.5 and 18.1, well above their 10-year averages of 18.8 and 16.9, respectively. (Reporting By Patturaja Murugaboopathy in Bengaluru and Johann M Cherian in Singapore; Editing by Janane Venkatraman)
