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Kohli follows Rohit into retirement: Can Next Gen stars emulate India's batting luminaries?
US banking behemoth Citigroup is still looking out for new employees and has posted more than 100 job vacancies over last week
Tata Electronics' Rs 91,000 crore semiconductor fab in Dholera, Gujarat, in partnership with PSMC, will generate over 20,000 direct and indirect skilled jobs in the region and construction of the mega unit is expected to begin this year, according to a statement on Thursday. The planned unit - India's first commercial fab, marks Tata Electronics' entry into the global semiconductor industry. Tata Electronics said it is "proud to lead India's entry into global semiconductor fabrication".
Demonetisation and GST are the main reasons for the job losses.
The move is aimed at reducing costs and improving efficiency.
According to the Unite union, Rolls-Royce sent an internal memo to its staff to detail its proposals.
'Each state is unique, but when it comes to finance, the fundamentals cannot be different.'
Apollo Tyres on Thursday said it is looking at laying off about 1,500 of its workforce.
From the 30-share blue-chip pack, Zomato cracked nearly 7 per cent. Power Grid, Adani Ports, Tata Steel, NTPC, Tata Motors, Tech Mahindra, Mahindra & Mahindra, Asian Paints, Sun Pharma and UltraTech Cement were the other major laggards. In contrast, Axis Bank, Hindustan Unilever, Tata Consultancy Services and IndusInd Bank were the gainers.
Trump may temper his approach from time to time, but to think that he will change his basic philosophy is delusional, asserts T T Ram Mohan.
'There is a behavioural shift and conservativeness with companies cutting down on manpower and rationalising the number of people.'
'We face the risk of remaining a low-income country for a very long time unless something changes in the next few years.' 'Instead of constantly talking about becoming a developed economy, we need to start fixing the problems of the economy one by one.' 'There is so much potential, and we are squandering away the opportunity.'
The result meant that defending champions Pakistan joined Bangladesh in being knocked out of the tournament after losing their opening two matches against New Zealand and India.
'April 9 announcement of slapping a 125% tariff on Chinese goods has brought the focus back to China, making this new phase feel like a repeat of the original conflict.'
At a time when the tech sector witnessed a spree of layoffs and slowdown in new hiring, IT firms have opted for temporary jobs in order to turn some their fixed costs variable. Work fulfillment platform Awign has reported a 157 per cent rise in demand for such jobs in first half of 2023. Awign says most of the demand has arisen for highly-skilled tech professionals at mid-level and senior positions with 2-7 years' experience.
Sportswear maker Nike Inc will be reducing nearly 1,750 jobs, representing nearly five per cent of its global workforce, as part of its restructuring efforts.
British IT services firm Logica has decided to cut about 1,300 jobs, including nearly 500 in the UK, and move many of them to India, the Philippines and Morocco.Logica-- an IT and consultancy firm -- already has a significant presence in India and has an overall staff strength of 39,000.
An article in China's Global Times warned Beijing that China needs to worry about the effect of industrial transfer to India on production chain
The Bigg Boss 18 grand finale saw its host Salman Khan reunite with his Andaz Apna Apna co-star Aamir Khan and recreate one of the many iconic scenes.
Growth in corporate profits needs to be commensurate with wages to boost the economy, Economic Survey 2024-25 said, noting that sharp disparities between the two pose risk to the economy by curbing demand. The document tabled in Parliament on Friday noted that while the labour share of GVA (gross value added) shows a slight uptick, the disproportionate rise in corporate profitsredominantly among large firmsaises concerns about income inequality.
As many as 40 staffers, in the key equities and investment banking division in India, could be asked to go as part of the London-headquartered lender's global layoffs, said people aware of the development. HSBC India declined to comment.
Verstappen crossed the line in his Red Bull for his 64th Grand Prix victory to a huge ovation from the 115,000 crowd some 1.4 seconds ahead of McLaren's championship leader Lando Norris in second place.
In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.
The challenge is to enhance opportunities for people to generate livelihoods through entrepreneurship, both big and small, argues R Jagannathan.
'A large number of people are suddenly waking up to the fear of losing jobs,' says Shyamal Majumdar.
EPS' acceptance of Amit Shah's proposal for an electoral alliance with the BJP is being interpreted to mean how the AIADMK has signed up the NDA national leader as a junior partner. Not many have appreciated EPS for this strategic move that has now forced the BJP to play second fiddle to the AIADMK. This has meant that the BJP has buried its ambitions of capturing power in Tamil Nadu now, and is willing to wait until after the 2029 Lok Sabha polls, observes N Sathiya Moorthy.
Mobile services provider Vodafone Hutchison has announced offshoring a total of 450 call centre jobs from Melbourne to India and Tasmania.
Citigroup, the global financial giant, plans to cut almost 17,000 jobs worldwide in a bid to cut down its expenses by $1 billion.
IMAGES from the IPL match between Royal Challengers Bengaluru and Chennai Super Kings at the M Chinnaswamy stadium in Bengaluru on Saturday
His knock -- 67 off 45 balls with 3 fours and 5 sixes -- was a cocktail of composure and controlled aggression. It was also his 10th IPL half-century, a milestone that arrived just when the spotlight had begun to shift off him.
'If they aim to remain aligned with the public sentiment, as any democratic government should, then they must respond. Why else would the prime minister have cut short his visit to Saudi Arabia? And why would he have instructed the home minister himself to travel to Srinagar to assess the situation firsthand? This suggests that something is indeed being planned. I am quite certain of that, although the exact form it will take remains to be seen.'
Images from the Europa League semi-finals first Leg between Athletic Bilbao and Manchester United, Tottenham Hotspur and Bodo/Glimt.
The journey of life will always come with its temptations; it is the ability to stick to your goal that will eventually lead you to success. A fascinating excerpt from Manish Vij's must-read book, Brick by Brick.
Smith warned these job cuts would be replicated in higher skilled sectors unless spending on higher education was increased.
Tata Steel on Friday said it will cut 900 jobs in the UK as part of major restructuring of European operations to make the company an "all-weather" steel producer, capable of succeeding in difficult economic conditions.
Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January-March quarter of 2024-25, owing to higher revenues and an exceptional gain. For the quarter under review, L&T posted a consolidated net profit of Rs 5,497.3 crore, while revenue rose 10.9 per cent year-on-year (Y-o-Y) to Rs 74,392.28 crore.
Starlink's application for offering satcom services in India had been held up for the company's inability to comply with mandatory ownership disclosure norms.
'It can position itself as a China Plus One solution, fulfilling the demands of developed economies.'
Meanwhile, major companies including BHP Billiton, announced cutting off over 3,000 local jobs after deciding to shed 6,000 positions worldwide, while leading retailer Harvey Norman also forecast a series of job cuts.
