Charles Prince, chief executive officer, Citigroup has vehemently denied reports that the banking major is planning to shed thousands of jobs and focus outside North America for growth and termed it as 'press voyeurism'.
Google is likely to rejig the roles of some of the engineering talent from its Hyderabad and Bengaluru offices and move some of its employees to more revenue-generating projects instead of letting them go for now, sources told Business Standard.
The industry has requested the Reserve Bank of India for restructuring of loans, the chairman said. According to estimates, the sector has a loan burden of about Rs 1 lakh crore (Rs 1 trillion).
'The LTTE were the pioneers of that.'
India ended an 11-year-long ICC Trophy drought, beating South Africa by seven runs to claim the ICC T20 World Cup title for the second time on June 29 last year, in Barbados.
Tata Steel's Anglo-Dutch Corus unit was starting consultations on job cuts due to the continued deterioration in market conditions and falling demand.
Jasmine Paolini's exit means only one of the top five women's seeds -- world number one Aryna Sabalenka -- will be in the third round. It is only the second time that this has happened in the professional era after Wimbledon 2018.
Prof Anantha Chandrakasan has been named Massachusetts Institute of Technology's new provost, the first Indian-American to serve in this leadership role.
A number of Manchester United players are "not good enough" while some others are being "overpaid", the club's co-owner Jim Ratcliffe said.
'Pakistan's army has got a streak of democracy. It is more democratic than the country.'
The department of homeland security withdrew Harvard certification under the Student and Exchange Visitor Programme, effectively barring the university from admitting new foreign students and threatened the legal status of current international enrollees.
Breaking his silence after nine years, Vijay Mallya said he may return to India if assured a fair trial.
Saudi Arabia has decided to curb its reliance on foreign labourers and implement a slew of measures to tackle the problem of unemployment in the Kingdom.
Man United boss Amorim says he has no plans to quit
A fresh political row has erupted in West Bengal after a person allegedly involved in Bangladesh's August 2024 student protests was found listed as a voter in Kakdwip, triggering sharp Bharatiya Janata Party-Trinamool Congress exchanges over alleged illegal infiltration and manipulation of the voter list in the state.
'Let's see how this love story shapes up in the run up to the municipal corporation election.'
Napoli celebrated their second Italian title in three years -- and fourth overall -- after a thrilling battle with Inter whose 2-0 win at Como following goals from Stefan de Vrij and Joaquin Correa left them one point adrift of their rivals.
Aamir is also reuniting with PK Director Rajkumar Hirani for a biopic on Dadasaheb Phalke, the Father of Indian Cinema.
Novak Djokovic reached the Wimbledon quarter-finals for the 16th time but it proved a hard day's work at his Centre Court office.
Gram Chikitsalay uses the same template as Panchayat but with a fraction of its humour or charm, observes Deepa Gahlot.
To support liver health and potentially reverse fatty liver, it's essential to focus on a well-balanced diet, portion control, and active lifestyle habits, says rediffGURU Komal Jethmalani, a nutritionist and dietician.
More than 2,800 jobs will be axed as Tata Steel plans to close its blast furnaces at the Port Talbot plant in South Wales in the UK. Of the total job cuts, 2,500 will be in the next 18 months, said Indian conglomerate Tata. A further 300 jobs are to go in three years.
rediffGURU Dr Ganesh Natarajan offers advice on how to build and scale your first start-up.
A statement issued on Thursday by Corus said the consultation process within the company identifies 2,045 jobs as being at risk. Some 1,500 of these are in the company's production facilities -- around 800 at the engineering steels sites, mainly Rotherham and Stocksbridge; about 370 in Corus Tubes in the UK and the Netherlands; and about 375 at downstream rolling and finishing plants in Teesside and Scotland.
'...the auto industry to get back to 7% to 8% annual growth.' 'High growth in the SUV segment alone will not achieve this, as it is a small market.'
Several Indian immigrants, including 30 from Punjab, were deported from the US after being apprehended at the border. They had paid hefty sums to travel agents who promised them a better life in America, only to be met with illegal crossings and harsh detention conditions. Their dreams are now shattered, leaving them with heavy debts and a bleak future.
The 9-to-5 structure feels outdated to the Gen Z generation.
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'
The company, which is part of tech giant Microsoft, has about 1,200 employees in India. It, however, did not comment on the impact of the job cuts on its India operations.
Scottie Scheffler corrected swing issues in time to hold off a spirited effort by Spaniard Jon Rahm for a runaway victory and third career major title.
The bank made a Rs 67 crore net profit, up 21% from the previous year. Its deposits grew 8%, the loan book 10%. Net bad loans dropped from 7.53% to 6.07%. So why was the banker, who headed the bank, not promoted?
The Surat diamond industry has once again extended its vacation, fuelling speculations of retrenchment of workers, as global recession has severely affected the sector.
Nilakshika Silva's blistering 33-ball 56 powered Sri Lanka to a thrilling three-wicket victory over India in the women's Tri-series, ending a seven-year losing streak against their rivals.
Royal Challengers Bengaluru and Virat Kohli washed away 18 years of hurt and disappointment, conquering Punjab Kings by six runs to lift their maiden Indian Premier League title.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Captain Kevin De Bruyne scored in his penultimate game at Etihad Stadium as Manchester City beat Wolverhampton Wanderers 1-0 on Friday to climb to third in the Premier League and boost their chances of Champions League qualification.
Suryakumar Yadav's doughty 73 not out proved to be the difference as Mumbai Indians sealed the fourth and final play-off berth with a 59-run trouncing of Delhi Capitals.
'Is the Agniveer scheme or their post-retirement re-employment in paramilitary forces or in the state governments the BJP's answer to the crying need on the job front?' 'Or, even Finance Minister Sitharaman's one-year internship scheme in the public and private sector, is it a permanent solution, either?', asks N Sathiya Moorthy.
'You think: Did I fail the people I had to let go? Did I promise something I couldn't deliver? That day (when we had to sack 70 people) will stay with me.'
rediffGURU Shekhar Kumar, senior manager, talent acquisition, at the Shri Venkateshwara University in Gajraula, Uttar Pradesh, offers career advice on how to optimise your skills, build your network and make the most of your workplace.
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