After startups and Big Tech, the layoff season may have begun at the $245 billion Indian information-technology (IT) industry. Bengaluru-based IT major Wipro is looking to cut hundreds of jobs, targeting mid-level employees working onsite as the company looks to improve margins, according to a media report, citing two sources. The company has said it is aligning its business and talent to the changing market environment.
The mega procurement proposal will shortly be placed before the Defence Acquisition Council, the defence ministry's top body on procurement, they said.
Maksym Bordus, who was born in 2000, had signed up to fight for the Ukrainian army on the first day of Russia's full-scale invasion in February last year.
Titan's October-December quarter (Q3) business update claims 22-23 per cent revenue growth in the standalone jewellery sales (excluding bullion sales), implying a 4-year compound annual growth rate (CAGR) of 21.3 per cent. Store additions also looked healthy, with 21 new Tanishq stores opened in Q3, taking the total count to 466 (+43 in 9 months of FY24) including two in the US and one in Singapore. Titan added 90 stores in Q3, pushing its total retail outlets to 2,949 (including CaratLane).
A belligerent century from India all-rounder Shivam Dube brought Mumbai back into the contest against Uttar Pradesh.
Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index of IPL 2024 after Game 31.
The growth of eight key infrastructure sectors slowed down to 4.3 per cent in May 2023 due to a decline in the production of crude oil, natural gas and electricity, according to the data released by the government on Friday. The core sector growth was 19.3 per cent in May 2022, while in April 2023, the key infra sectors recorded a growth rate of 4.3 per cent. During April-May this fiscal, the output growth of these eight sectors slowed down to 4.3 per cent against 14.3 per cent in the year-ago period, the data showed.
BCCI honourary secretary Jay Shah provived updates on the Asia Cup venue, WPL and India's preparations for the ODI World Cup.
Foreign Portfolio Investors (FPIs) have pulled out over Rs 10,000 crore from Indian equities in the first three weeks of September, primarily due to rising US interest rates, recessionary fears, and overvalued domestic stocks. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. Mayank Mehra, smallcase, manager and principal partner at Craving Alpha,believes that strong economic growth prospects, attractive valuations, and government reforms could support foreign investment flows in the next month.
Pat Cummins took 10 wickets to lead Australia to Pakistan series triumph
The efforts of Aryan Juyal (76) and Karan Sharma (67) stood out as Uttar Pradesh held nerves to beat 41-times champions and hosts Mumbai by two wickets in a Ranji Trophy match on Monday.
At 5 per cent, Mumbai is likely to witness the highest rise in residential prices in 2024, a report released on Wednesday said. New Zealand's Auckland will also see a price rise of 5 per cent. According to real estate consultancy Knight Frank's "Prime Global Cities Index", improving gross domestic product (GDP) figures, Mumbai's relative value and investment in infrastructure will be the prime influencers in pushing prices higher for the luxury housing market in the city.
The weather office has forecast intense spells of rain at isolated places in Nainital, Champawat, Pithoragarh, Bageshwar, Dehradun, Tehri and Pauri districts on Sunday.
A look at the XI Best Spells of the league stages of IPL 2024.
Cameron Green said Mumbai Indians are peaking at the right time in the ongoing edition of the Indian Premier League.
The annual decline works out to be 16.3 per cent in 2022-23 compared to inflows in 2021-22. The gross FDI inflows in 2021-22 were $81.97 billion, up 10 per cent over fiscal 2019-20. The previous year-on-year contraction in FDI was in 2012-13 when the inflows declined by 26 per cent to $34.298 billion.
Maruti Suzuki India's production in December 2022 was lower by 17.96 per cent at 124,722 units, according to a regulatory filing by the company. The company had a total production of 152,029 units in the same month a year ago. Production in mini cars and compact segment, comprising models such as Alto, S-Presso, Baleno, Celerio, Dzire, Ignis, Swift and WagonR, was lower at 83,753 units last month as compared to 106,090 units in December 2021.
Over 260 eminent citizens, including former judges and bureaucrats, have written to Chief Justice of India D Y Chandrachud urging him to take cognisance of DMK leader Udhayanidhi Stalin's 'eradicate Sanatan Dharma' comment, calling it "hate speech".
This was the third time India were involved in a two-day Test.
Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index of IPL 2023 after Game 33.
Demand for fast-moving consumer goods (FMCG) fell in April owing to lower stocking by kiranas, according to the data from Bizom. Kiranas stocked lower quantities in April as they resorted to heavy stocking in March. Sales in value terms were down 8.4 per cent in the month as against the same period last year while on a month-on-month basis, they declined 17 per cent.
England face fellow strugglers Sri Lanka in a must-win World Cup match on Thursday.
India won nine gold, as many silver and two bronze medals in total.
Sadeera Samarawickrama top-scored with an unbeaten 91 to power Sri Lanka to an easy five-wicket victory against the Netherlands.
Veteran batter Cheteshwar Pujara slammed his second hundred of the ongoing Ranji Trophy season, guiding Saurashtra to a comfortable 242 for four against Rajasthan on the opening day of their Group A match, in Jaipur on Friday.
Non-basmati white rice accounts for nearly 25-30 per cent of total rice exported from the country.
Equity indices ended lower on Wednesday amid mixed global market trends ahead of the keenly awaited US Fed interest rate decision. The 30-share BSE Sensex fell 262.96 points or 0.44 per cent to settle at 59,456.78. During the day, it tanked 444.34 points or 0.74 per cent to 59,275.40. The NSE Nifty went lower by 97.90 points or 0.55 per cent to end at 17,718.35.
Dharmendrasinh Jadeja took 7/32 as Saurashtra thrashed Rajasthan by 218 runs.
April-June 2023 (Q1FY24) was a mixed quarter for India's top family-owned business groups. Three of the big five in terms of revenue reported a year-on-year (Y-o-Y) decline in combined net sales and two saw a Y-o-Y fall in net profits. Combined net sales of all listed companies in the five groups were up just 2.2 per cent Y-o-Y at Rs 6.6 trillion in the quarter, down sharply from the 10.3 per cent in the March 2023 quarter (Q4FY23) and 42.8 per cent in Q1FY23.
Left-arm spinner Shams Mulani grabbed a match haul of 10 wickets as Mumbai defeated Andhra by 10 wickets to secure a successive bonus-point victory in the Ranji Trophy in Mumbai on Monday.
Srinivas Bhogle and Purnendu Maji present Rediff.com's Most Valuable Player Index after 23 World Cup 2023 games.
Air India will restore salaries that were cut in the wake of the coronavirus pandemic from September 1, according to a communication. The loss-making airline, which was taken over by Tatas in January this year, has also decided to revise crew layover allowances and meal arrangements from September 1. In the communication to the employees, Air India CEO and managing director Campbell Wilson said the airline "will be restoring the salary reduction for all employees with effect from September 1, 2022."
Such weather conditions are not typical for May which tends to be the hottest month of the year in Delhi with a mean maximum temperature of 39.5 degrees Celsius.
As many as 12,391 people have been killed and 62,914 others have been injured in Turkey after the earthquakes that rocked the country on Monday, Anadolu Agency reported citing Turkey's disaster management agency, AFAD.
One wondered whether Rahul had gone to sleep for a few overs as the situation came down to 12 from the final over.
Ravichandran Ashwin, Ravindra Jadeja and Axar Patel scored 177 runs in India's 400 in the first Test in Nagpur, while in Delhi they contributed 134 priceless runs out of a team total of 262.
As India retained the Border-Gavaskar Trophy with a 2-1 win, Rohit Sharma and Australia skipper Steve Smith agreed the outcome of the Delhi Test sealed the fate of the series.
Stalin still enjoys a lot of sympathy and empathy as someone wishing well for the state, but not full-throated support as in 2019 and 2021, notes N Sathiya Moorthy.
Over 260 artists, writers and former faculty members of the National School of Drama have raised 'grave concern' about the institute allegedly promoting religious festivals on its Instagram account.
TCS became a slow-moving giant and lost some of its sheen to competitors -- both big and small. Even as TCS remains the primary cash cow of Tata Group, its revenue and profit growth have slowed considerably.
