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As organisations increasingly recognise that artificial intelligence boosts productivity, employees using AI are likely to gain an edge in increments over the next 2-3 years, particularly in sectors such as technology, GCCs and BFSI, TeamLease Edtech founder and CEO Shantanu Rooj said. Companies in India are no longer treating AI skills as optional experimentation - they are moving into the core capability stack, Rooj told PTI. "Recent employer and workforce studies show that 92 per cent of Indian knowledge workers already use AI at work, and 80 per cent of leaders in India say they would prefer a less experienced candidate with AI skills over a more experienced one without them," he stated. At the same time, Rooj said national industry estimates suggest India's demand for AI professionals could cross 1 million by 2026, which means companies are now thinking about AI not just as a tool, but as a workforce strategy. "Organisations are set to increasingly move toward AI-influenced ..
Edtech firm Physicswallah has received an income tax demand notice of Rs 263.34 crore for the assessment year 2023-24. The demand was raised after the Income Tax Department treated investments received by the company from investors during the period, including funds from SEBI-registered Category II Alternative Investment Funds (AIF), as taxable income, Physicswallah said in a regulatory filing. The company plans to challenge the assessment order. "Based on its preliminary assessment, the company believes that it has strong legal and factual grounds to file an appeal before the appropriate appellate authority," Physicswallah said. PhysicsWallah posted about a 33 per cent increase in consolidated profit to Rs 102.27 crore in the December quarter. Its revenue from operations also grew about 33 per cent to Rs 1,082.41 crore during the quarter from Rs 809.67 crore a year earlier. Shares of Physicswallah settled 7.87 per cent higher at Rs 86.81 crore on the BSE on Wednesday. The statut