Business – Page 3 – THE ECONOMIC INDIA

01 Apr

Brawn Drain: The Silent Exodus of India’s Blue-Collar-Abhijeet Rane

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New Delhi [India], April 1: When discussing India’s workforce, the one worrisome trend that is often spoken about is brain drain – the emigration of our skilled workers abroad. What is going on unnoticed, though, is a phenomenon I would like to call ‘brawn drain’ wherein blue-collared workers, both skilled and semi-skilled, are opting to move to countries that offer them better remuneration or standard of living than India. As per data shared by the Ministry of Skill Development, the number of emigration clearances sought by unskilled and semi-skilled workers rose threefold between 2021 and 2023. These workers were engaged…

01 Apr

Data is Like Air and AI is the Breath that Powers Innovation

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New Delhi [India], April 1: In the digital age, data has become the invisible force driving every decision, innovation and breakthrough. Much like air, it surrounds us—unseen yet essential for survival and growth. At Blu Parrot, this concept resonates deeply. Our Team has played a pivotal role in transforming data from a passive resource into a strategic asset , fueling growth, creativity and technological advancements for our clients. Why Data is Like Air Data, like air, is everywhere. Every digital interaction—be it a click, share, or a transaction —generates data that businesses can leverage to understand user behavior, market trends…

31 Mar

Vedanta transforming Odisha into a global powerhouse

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Bhubaneswar (Odisha) [India], March 31: Odisha is a state of many triumphs. Its mineral-rich reserves have transformed the state into a key manufacturing hub in India with one of the most vibrant industrial ecosystems. This transformation is being driven by the state’s progressive business environment, abundant resources and skilled human capital. This rise is driven in significant part through the state’s metals and mining sector. “Our journey in Odisha has been nothing short of transformative. From breaking barriers with the country’s first women-operated potline to fostering sustainable growth through our skill development and environmental initiatives, we are deeply committed to…

31 Mar

Karan Johar Continues as Brand Ambassador of IITIIMSHAADI.COM for Third Term

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Mumbai (Maharashtra) [India], March 31: Renowned Bollywood filmmaker and television personality Karan Johar has renewed his association with IITIIMSHAADI.COM for a third term as its brand ambassador. The premium matrimonial platform, known for catering exclusively to highly educated individuals from the top 10-15 institutions, continues to strengthen its position as a leading matchmaking service. Adding to its list of remarkable achievements, the platform’s Founder & CEO, Taksh Gupta, recently received a prestigious special award in the Parliament of the UK. This honor recognizes his contributions towards bringing a positive cultural shift in society through the platform’s unique and selective approach…

29 Mar

Alstone-Premium Exterior Cladding reunites with Royal Challengers Bengaluru as its Official cladding Partner

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New Delhi [India], March 29: Alstone, India’s premium exterior cladding brand, has announced its renewed collaboration with Royal Challengers Bengaluru (RCB) as the Official Cladding Partner for T20 Season 2025. After a successful association in 2023, Alstone is once again partnering with RCB, reinforcing its commitment to high performance, innovation, and excellence values that resonate deeply with the team’s spirit. With the tagline “Think Cladding, Think Alstone”, and the campaign “Super Batting, Super Cladding 2.0”, this partnership celebrates the synergy between top-tier cricketing action and architectural innovation. As a pioneer in the façade industry for over two decades, Alstone is known for its premium…

29 Mar

Why Most AI Fails at Customer Service (And What Needs to Change)

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New Delhi [India], March 29: Imagine this: You’re trying to book a last-minute flight. You call customer service, only to be met with an endless automated menu, long hold times, and robotic responses. Frustrated, you hang up and try an online chat—only to repeat the same information. Sound familiar? For years, AI in customer service has been synonymous with frustration. Businesses have invested in automation, but instead of making things easier, it has left customers feeling unheard. What if AI could do better? What if it could actually understand, respond like a human, and seamlessly adapt to your needs? That’s…

29 Mar

Overcoming Challenges and Shaping the Future of Indian Toys: The Kitoy Story

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New Delhi [India], March 29: The Indian toy industry is a vibrant and rapidly growing business, but it is also one of the most regulated industries, particularly in terms of safety and quality. This requires overcoming challenges in terms of innovation, hard work, and unrelenting commitment to compliance. For Kitoy, a pioneer in foam toys, greatness in product safety and educational content has been a driving interest. The Entrepreneurial Journey Kitoy’s founding is a story of innovation and determination. Founders Kartik Jain and Shishir Pawar were brainstorming the concept as they prepared for their master’s at SP Jain in Dubai. They pitched the…

28 Mar

AM/NS India Commences Land Acquisition To Set Up Integrated Steel Plant In Andhra Pradesh

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Mumbai/ Amaravati (AP) [India], March 28: ArcelorMittal Nippon Steel India (AM/NS India) today announced the beginning of the acquisition of a land parcel in Anakapalli district, Andhra Pradesh, as part of its plans to set up a state-of-the-art integrated steel plant in Rajayapeta. The initial payment for acquiring the land has been made, and possession is expected soon, paving the way for the company to commence work on the greenfield project. With proposed initial capacity of 7.3 MTPA, the project reinforces AM/NS India’s commitment to contributing to India’s national ambition to reach 300 MTPA crude steel capacity by 2030 and strengthening…

28 Mar

CA Abhay Bhutada, His Net Worth, And His Meteoric Rise

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New Delhi [India], March 27: Abhay Bhutada, an accomplished Indian entrepreneur, banker, and philanthropist, has emerged as one of the country’s most influential business leaders. In the financial year 2023-24, he earned the distinction of being India’s highest-paid executive, receiving a total compensation of Rs 241.21 crore. Abhay Bhutada’s net worth, exceeding Rs 1,000 crore, reflects not just his achievements, but also a journey shaped by deep business insights, disciplined execution, and strategic foresight. Early Life and Career Hailing from Latur, Maharashtra, Abhay Bhutada began laying the groundwork for his career early on. A qualified Chartered Accountant, he started his professional…

27 Mar

Shripad Upasani Named CEO of Parasnath Clinic, Targets INR 100 Cr Turnover by FY 2025-26

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Navi Mumbai (Maharashtra) [India], March 27: Parasnath Speciality Clinic, a leading healthcare provider focused on specialized medical treatments, is set to embark on an ambitious expansion journey under the leadership of Mr. Shripad Upasani. A seasoned business leader with over a decade of experience in driving organizational growth and sales excellence, Mr. Upasani has now taken the helm at Parasnath Speciality Clinic with a transformative vision. Founded by Dr. Bhalchandra Mahamuni and Dr. Soniya Mahamuni, Parasnath Speciality Clinic has been a trusted name in non-surgical, holistic treatments for over 13 years. Now, with Mr. Shripad Upasani stepping in as Director…