India's largest IT services company TCS on Thursday reported an 11.95 per cent jump in net profit at Rs 12,380 crore in the December quarter while the overall workforce reduced by over 5,000 employees. The Tata Group company had reported a net profit of Rs 11,058 crore in the year-ago period, and Rs 11,909 crore in the preceding September quarter. The company's revenue grew 5.6 per cent to Rs 63,973 crore as against Rs 60,583 crore a year earlier.
Former Pakistan Cricket Boardchairman Najam Sethi has blamed former Prime Minister Imran Khan for the decline of Pakistan cricket.
'These companies hired in high numbers last year and are balancing that out this year by recruiting fewer freshers.'
The Tesla careers page reveals there are 14 staff vacancies, of which 13 are based in Mumbai.
IndusInd Bank on Tuesday fire fought the fallout of a Rs 2,100 crore discrepancy in accounting, saying it has enough reserves and capital to cover for it, but the management's assurance failed to arrest the free fall of shares which tanked over 27 per cent on the bourses. IndusInd Bank CEO and managing director Sumant Kathpalia said that the accounting lapse was noted around September-October last year and the bank gave a preliminary update to the RBI about this last week.
IndusInd Bank on Tuesday fire-fought the fallout of a Rs 2,100 crore discrepancy in accounting, saying it has enough reserves and capital to cover for it, but the management's assurance failed to arrest the free fall of shares which tanked over 27 per cent on the bourses.
There's clearly no limit to how dramatic a wedding can be.
Surat police have seized 22 cars and registered FIRs against the parents of three Class 12 students who were driving without licenses in a convoy of 35 high-end cars while performing stunts. The students were on their way to a school farewell function. The video of the incident, which went viral, showed students performing dangerous stunts such as driving with their heads out of sunroofs and holding smoke guns.
'It would have been impossible for any other country to manage such a vast crowd or accommodate the visit of so many devotees with such remarkable arrangements,' says Navin Mendon.
IT services company Infosys has laid off over 300 freshers who underwent foundational training at its Mysuru campus but could not clear internal assessments after three attempts, according to sources. IT employee union NITES, however, said the number of freshers affected by the move was much higher, and threatened to lodge an official complaint with the Ministry of Labour and Employment, seeking urgent intervention and strict action against the company.
Deutsche India, which houses the largest technology centre of German investment bank Deutsche Bank, is expanding its operations in India and hiring thousands. "Since January 2023, we have hired more than 2,500 people for Deutsche India and expect a positive trend to continue for the rest of 2023," Dilipkumar Khandelwal, chief executive officer of Deutsche India and Global Head of Technology Centers told 'Business Standard'. "We will continue to hire in the similar range even for the next year." Deutsche India has about 16,000 employees in the country and most of them are engineers.
We have entered a new era in human history, asserts Aakar Patel.
Despite the dominance of AI, creativity and innovation are the most in-demand skills, reveal LinkedIn's Skills On The Rise 2025 report.
'Brazil, China, Colombia and India each had more than 2,000 of their citizens overstaying student/exchange visas, with India having the highest number (7,000).'
An Indian woman sentenced to death in Abu Dhabi for the alleged murder of a four-month-old child has been executed on February 15, the Delhi High Court was informed on Monday. The woman, Shahzadi Khan, was handed over to the Abu Dhabi police on February 10, 2023 and sentenced to death on July 31, 2023. Her father, Shabbir Khan, had filed a petition seeking information about her well-being. The court was informed that the woman's last rites will be held on March 5.
India's information technology (IT) sector will witness subdued hiring in 2023-24 as macro uncertainties impact demand environment, with clients either taking a pause on spend or stopping discretionary spend, say human resource experts. To begin with, unlike earlier years, the three large IT players TCS, HCLTech, and Wipro have not provided any new hiring targets for the financial year. And Wipro has said that its hiring target will depend on the demand environment.
'The choice is clear: We either embrace this transformation and cement our global leadership, or hesitate, lose ground, and fade into irrelevance.'
Dip in attrition rates and higher bench strength seem to be signalling a normal year for hiring in FY24.
IT services firm Wipro's revenue is likely to increase by about 4.5 per cent in FY26, mainly driven by favourable sectoral trends and recovery in discretionary customer spending, according to global rating agency Fitch.
Dinesh Karthik may have spent his career in M S Dhoni's shadow, but his contributions to Indian cricket, especially in the IPL, deserve a legacy all his own, asserts Sudhir Bisht.
Another major takeaway from Unstop's report is the growing disparity between academic preparation and corporate expectations.
While Angel One and Unifi Capital have obtained the final licence, Jio BlackRock, Capitalmind, Choice International and Cosmea Financial Holdings have received in-principle approvals.
Karnataka Deputy Chief Minister and state Congress president DK Shivakumar faced criticism from within the party for his participation in Mahashivaratri celebrations in Tamil Nadu, which was also attended by Union Home Minister Amit Shah. Shivakumar defended his attendance, asserting his Hindu faith while emphasizing his respect for all religions. He also clarified that he had not met Amit Shah and refuted claims of aligning himself with the BJP.
From Saif Ali Khan's sabse bada beta's streaming debut to how to make potstickers with Prince Charles' chhoti bahu, it's all there on OTT this week.
Saif Ali Khan made his first media appearance after his shocking stabbing incident last month, and looked happy to announce his latest film, Jewel Thief: The Heist Begins.
An order was issued to terminate 223 contractual employees of the Delhi Commission of Women after Lieutenant Governor V K Saxena gave his nod to a proposal on it, officials said on Thursday.
Afsar Dayatar/Rediff.com captures glimpses of Simran Shaikh returning home to Dharavi, a couple of days after she became the most expensive hire at the Women's Premier League auction in Bengaluru on Sunday.
IT services company Infosys on Wednesday said it did not use force or intimidation tactics when it laid off trainees at Mysuru campus over performance-related issues, and that it was explaining the circumstances to the labour department authorities. In an interview to PTI, Shaji Mathew, chief human resources officer at Infosys, however, conceded that assessment failure percentages this time around have been "slightly higher" than in the past but dismissed charges that the tests had been designed for failure.
The Mission Olympic Cell is also considering higher incentives for retired Olympians and world-class players who want to take up coaching, in an effort to retain top talent within India.
The IT sector's fresher hiring is expected to rise by 20% to 25% for 2024-2025. The increase in hiring is driven by a focus on specialised skills catering to segments like AI, machine learning and data analytics.
Industry players said IT hiring was not as strong as it was in 2022. One reason is the high bench IT firms have due to earlier hiring.
'If the Trump administration decides to put guardrails on H-1B visas, that will surely impact both US and Indian firms.'
The hiring scenario is for the batch that passes out in 2024. These are graduates who will be impacted, given 2022 graduates are not fully absorbed and 2023 onboarding still incomplete.
Two persons including a man who allegedly opened fire outside Bollywood actor Salman Khan's residence in Mumbai have been arrested from Gujarat, police said on Tuesday.
The Maldives government has set a target of attracting 300,000 Indian tourists in 2025, aiming to regain its position as a top destination for Indian travelers. The country's tourism sector has been impacted by strained relations between Male and New Delhi, which led to a decline in Indian tourist arrivals in 2024. To revive the Indian tourist market, the Maldives is planning a major campaign, including a brand ambassador, cricket summer camps, and expanded flight routes from more Indian cities.
The Supreme Court of India has ruled that courts should not hesitate to deny liberty to accused individuals in order to ensure a corruption-free society. The court's statement came while upholding the dismissal of an anticipatory bail plea in a corruption case against a public official. The court highlighted the dangers of corruption and emphasized that the presumption of innocence alone cannot be the sole consideration for granting bail in such cases.
'A lot of youngsters are hired because senior people do not want to work in such a culture and these people are made to work 14 hours a day atleast.'
Olympic champion Elaine Thompson's mentor Jerry Holness joins as Indian women's 400m coach
This may be in line with Russia's private military company, Wagner Group, which was controlled until 2023 by Yevgeny Prigozhin, a former close ally of Russia's president Vladimir Putin. The group used the infrastructure of the Russian Armed Forces.
A leading expert predicts that the incoming Trump administration will likely continue its pro-India policies, including the Indo-Pacific strategy and Quad, but highlights potential challenges such as trade disagreements, immigration issues, and a possible quid pro quo for technology sharing. The expert also notes that the Trump 2.0 administration may prioritize great power politics over strategic altruism, potentially impacting human rights and religious freedom concerns.
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