Business
Will AI mean the end of call centres?
Jane WakefieldTechnology reporter
Getty ImagesAsk ChatGPT whether AI will replace humans in the customer service industry, and it will offer a diplomatic answer, the summary of which is “they will work side by side”.
Humans though, are not so optimistic.
Last year, the chief executive of Indian technology firm Tata Consultancy Services, K Krithivasan, told the Financial Times that AI may soon mean that there is “minimal need” for call centres in Asia.
Meanwhile, AI will autonomously resolve 80% of common customer service issues by 2029, predicts business and technology research firm Gartner.
There is currently a lot of hype around “AI agents”. That is the term given to AI systems that can operate more autonomously and make decisions.
They could turbo-charge current non-AI chatbots, known as “rule-based chatbots”, which can only answer a set list of questions.
My own recent experience with parcel delivery firm Evri’s chatbot illustrates the existing, non-AI state of play.
My parcel had not arrived, and Ezra (the name of the chatbot), offered to “get this resolved straight away”.
It asked for a tracking reference, and after I had typed that in, it told me that my parcel had been delivered.
I could request proof of delivery, and when I did so it showed me a photo of the package… at the wrong front door. And there was no option to advance the conversation after this “evidence” was shown.
In response, Evri tells the BBC it is investing £57m to further improve the service.
“Our intelligent chat facility uses tracking data to suggest the most helpful responses and ensure the customer’s parcel is delivered as soon as possible, if this has not happened as scheduled,” it says.
“Our data confirms the vast majority of people get the answers they need from our chat facility, first time, within seconds. We’re always reviewing feedback to ensure our services are as helpful as possible, and we continue to make enhancements on a rolling basis.”
On the flipside, rival parcel delivery firm DPD had to disable its less rule-bound AI chatbot after it criticised the company and swore at users.
Getty ImagesGetting the balance right between being on brand and genuinely helping customers is a tricky one for businesses to grapple with as they migrate to AI.
Some 85% of customer service leaders are exploring, piloting or deploying AI chatbots, according to Gartner. But it also found that only 20% of such projects are fully meeting expectations.
“You can have a much more natural conversation with AI,” says Garner analyst Emily Potosky.
“But the downside is the chatbot could hallucinate, it could give you out-of-date information, or tell you completely the wrong thing. For parcel delivery I would say rules-based agents are great because there are only so many permutations of questions about someone’s package.”
Resources and money are among the key reasons businesses may be considering the move from human to AI customer service. But Ms Potosky points out that it isn’t a given that AI will be cheaper than human agents.
“This is a very expensive technology,” she says.
The first thing that any business wanting to replace humans with AI will have to do is ensure that they have extensive training data.
“There’s this idea that knowledge management becomes less important because generative AI can solve the fact that their knowledge is not particularly well organised, but actually the opposite is the case,” adds Ms Potosky.
“Knowledge management is more important when deploying generative AI.”
Joe Inzerillo, chief digital officer at software giant Salesforce, tells the BBC that call centres provide fertile training grounds for AIs, particularly ones that have been moved to low-cost areas such as the Philippines and India.
This is because a lot of staff training will have been done, which the AI can also learn from.
“You have a huge amount of documentation, and that’s all really great stuff for the AI to have when it is going to take over that first line of defence,” he says.
Salesforce’s AI-powered customer service platform, AgentForce, is currently being used by a range of customers from Formula 1, to insurance firm Prudential, restaurant-booking website Open Table, and social media site Reddit.
Mr Inzerillo says that when Salesforce first put the platform through its paces it learned some valuable lessons about how to make the AI seem more human-like.
“While a human might say ‘sorry to hear that’, the agent just opened a ticket,” says Mr Inzerillo.
So the AI was trained to show more sympathy, especially when a customer has a problem.
Salesforce also found that not allowing the agent to talk about competitors proved problematic.
“This backfired when customers asked legitimate questions about integrating Microsoft Teams with Salesforce,” says Mr Inzerillo. “The agent refused to help because Microsoft appeared on our competitor list.”
The firm subsequently replaced that rigid rule.
Salesforce has ambitious plans for the continuing rollout of its AI agents, and so far it claims that they are a hit with its customers. It also says that the vast majority of customers, 94%, are choosing to interact with AI agents when given the option.
“We’ve seen customer satisfaction rates that are in excess of what people get with humans – then AI can unlock the next level of customer service,” says Mr Inzerillo.
It has also meant that the firm has cut customer service costs by $100m, but he was keen to play down recent headlines that suggest this has led to 4,000 jobs being slashed.
“A very large percentage of those people got redeployed in other areas around customer service.”
Fiona ColemanFiona Coleman runs QStory, a firm which is using AI to offer human call centre workers more flexibility in their shift patterns. Its customers include eBay and NatWest.
While she sees the value in AI improving working conditions, she is not sure the technology can ever replace humans entirely.
“There are times where I don’t want to have a digital engagement, and I want to speak to a human,” she says.
“Let’s see what it looks like in five years’ time – whether an AI can do a mortgage application, or talk about a debt problem. Let’s see whether the AI has got empathetic enough.”
The use of AI in customer service could, in fact, already be facing a backlash.
Legislation currently proposed in the US to move off-shore call centres back to America also requires businesses to disclose the use of AI, and transfer a caller to a human if asked to do so.
Meanwhile, Gartner predicted that by 2028 the EU may mandate what is called ‘the right to talk to a human” as part of its consumer protection rules.
Business
Set Aside Fancy Investment Talk; CA Says Master These 3 Steps For Financial Success
New Delhi: Chartered Accountant Nitin Kaushik has said that the market rewards those who remain invested long enough to reap the benefits of compounding. He said that compounding translates patience into long term rewards and speeds up wealth accumulation in the long term.
Kaushik claims that compounding with monthly SIPs is not as quick as people often expect. “Everyone dreams of doubling their money with a magical 10 pc return. But here’s the catch, compounding with monthly SIPs is not as fast as finance charts suggest,” Kaushik wrote.
_ The shocking truth about “10% annual returns” no one tells you!
Everyone dreams of doubling their money with a magical 10% return. But here’s the catch – compounding with monthly SIPs isn’t as fast as finance charts suggest.
If you invest monthly at 10% per year, it takes_
— CA Nitin Kaushik (FCA) | LLB (@Finance_Bareek) November 2, 2025
Kaushik states that SIP profits take a notably longer time to exceed the entire investment made as a result of the delayed compounding on each individual deposit. “If you invest monthly at 10 pc per year, it takes nearly 25 years for your investment gains to finally exceed your own contributed amount. For one time lump sum investors, gains cross principal much sooner in about 7 years,” he explained.
According to Kaushik, SIPs only construct the initial portions of the entire portfolio while the genuine rewards of compounding only materialize after years of investing. “For the first two decades, your portfolio is mainly funded by your patience, discipline and monthly SIPs. The market rewards you after you have stayed invested long enough to truly benefit from compounding,” he said.
Stop Chasing Get-Rich-Quick Schemes. Master These 3 Steps Instead.
Personal finance isn’t a mystery-it’s surprisingly simple. It boils down to just three steps that I see everyone overlook when overwhelmed by fancy investment talk.
First, increase your income. That doesn’t mean_
— CA Nitin Kaushik (FCA) | LLB (@Finance_Bareek) October 31, 2025
Kaushik said that even if the initial signs of growth seem sluggish, remaining invested allows for compounding to make later growth much quicker and significant. “Post tax and fee returns are slightly lower and market returns may fluctuate. If your portfolio is not growing fast today, relax the foundation is being built and the magic of compounding accelerates with time,” he wrote.
In an earlier post, Kaushik advised to “Stop Chasing Get Rich Quick Schemes”. He instead outlined three steps to establishing continuous financial growth.
“First, increase your income. That does not mean chasing every side hustle blindly, it means focusing on growing skillsets, finding smarter ways to earn and negotiating your worth confidently. That extra Rs 5,000 per month can be a game changer over time,” Kaushik wrote.
Step two is to reduce spending. “This is not about starving yourself or extreme frugality. It is about conscious choices of skipping that daily latte, avoiding impulse buys and prioritizing what genuinely adds value to your life,” he wrote.
Kaushik said that the final and crucial part is to “invest the difference. Just saving will not protect your money from inflation quietly chipping away year after year. Investing even small amounts and creates the magic of compounding that turns pennies into lakhs,” he wrote.
Business
IPO GMP, Allotment Status Today Live Updates: Lenskart IPO Vs Studds IPO; Should You Apply?
IPO GMP Today, Subscription, Allotment Status Live Updates: The primary market is witnessing bidding in two initial public offerings (IPOs) today, November 3 — Lenskart Solutions Ltd (Day 2) and Studds Accessories Ltd (Day 3). The allotment of the Orkla India IPO is also expected to be finalised today.
Also, fintech firm Pine Labs has announced the price band of Rs 210-221 per share for its upcoming Rs 3,900-crore IPO, which will remain open for public subscription between November 07, 2025 and November 11, 2025.
Lenskart Solutions IPO Day 2
Eyewear retailer Lenskart Solutions is witnessing its second day of bidding today, Monday, November 3. The price band of the Rs 7,278-crore IPO has been fixed in the range of Rs 382-Rs 402 apiece. On the second day of the IPO, its GMP has increased to 21.14% despite high valuation concerns.
Studds Accessories IPO Last Day
Helmets manufacturer Studds Accessories Ltd is witnessing the last day of its Rs 455-crore initial public offer (IPO). The Rs 455-crore offering will be closed at 5 pm today, Monday, November 3. The firm has fixed a price band of Rs 557-585 per share, valuing it at around Rs 2,300 crore at the upper end of the range.
Orkla India IPO Allotment Status
The initial public offering (IPO) of Orkla India Ltd, which owns spices and condiments brands MTR and Eastern, closed on Friday, with a strong 48.74x subscription. Now, investors await the allotment of the IPO, which is expected to be finalised today, November 3, 2025.
Investors can check the IPO allotment status on the websites of BSE, the NSE as well as on the portal of registrar Kfin Technologies.
Meanwhile, Billionbrains Garage Ventures, the parent company of online investment platform Groww, last week set the price band for its initial public offering (IPO) at Rs 95-Rs 100 per share, valuing the company at over Rs 61,700 crore (nearly $7 billion). The Rs 6,632-crore IPO will open for subscription on November 4 and close on November 7, with a special one-day early window for retail investors on November 3.
Business
Pine Labs IPO Price Band Announced: GMP Jumps To 27.14%, Check Key Dates
Last Updated:
Pine Labs sets IPO price at Rs 210-221 per share for Rs 3,900 crore issue, with listing on BSE and NSE on November 14, 2025.
Pine Labs Fixes Price Band
Pine Labs IPO Price Band, GMP, And Key Dates: The fintech firm Pine Labs has announced the price band of Rs 210-221 per share for its upcoming initial public offering (IPO) amounting to Rs 3,900 crore. The payment gateway platform is backed by Peak XV Partners, Mastercard, PayPal, and Temasek Holdings.
The IPO consists both fresh issue worth Rs 2,080 crore and offer-for-sale (OFS) of 8.23 crore equity shares. Previously, the issue had an offer-for-sale of 14.78 crore equity shares.
Peak XV Partners, Macritchie Investments, Madison India, Mastercard Inc, PayPal Inc, AIM Investment Funds, and Actis Pine Labs Investment Holdings are selling their shares via the issue.
At the upper price band, the valuation of Pine Labs has touched Rs 25,377 crore.
Axis Capital, Morgan Stanley, Citi, JPMorgan, and Jefferies are book running lead managers, while KFin Technologies Limited is the registrar.
Pine Labs Opening Window And Key Dates
Pine Labs IPO will open between November 07, 2025 and November 11, 2025. The allotment is likely to be concluded on November 12, 2025, with the listing of BSE and NSE scheduled for November 14, 2025.
Pine Labs Financials
Pine Labs turned profitable this quarter to report at Rs 47.86 million for Q1FY26 after a string of losses. However, the fintech received a tax credit of Rs 96.35 million because of losses.
FY25 still shows a loss of Rs 1,454.87 million, but it’s smaller than FY24’s Rs 3,419.03 million.
The company reported a total income of Rs 6,530.76 million. However, its total expenses stood at Rs 6,578.63 million for the June 2025 quarter.
Pine Labs IPO Objectives
The proceeds of the IPO will be utilized for investment in certain of its subsidiaries, namely Qwikcilver Singapore, Pine Payment Solutions, Malaysia and Pine Labs UAE for expanding presence outside India.
Moreover, a portion of proceeds will be used to build and strengthen IT assets, expenditure towards cloud infrastructure, technology development initiatives, and procurement of DCPs.
The company will also use proceeds to repayment/prepayment of certain borrowings availed by the company and its subsidiaries.
Pine Labs IPO GMP Today
According to market observers, unlisted shares of Pine Labs Ltd are currently trading at Rs 281 apiece in the grey market, against the upper IPO price of Rs 221. It means a grey market premium (GMP) of 27.14%, indicating decent listing gains for investors.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
November 03, 2025, 08:02 IST
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