The company has not detailed out the geographies that would be impacted by the reductions. However, given that India accounts for the biggest share of the company's headcount, the impact of these layoffs is expected to be significant.
It is not an easy life even for someone like Dravid, whose touch points with cricket spread across decades, formats and varied roles.
Learning will become genuinely global as a result of immersive experiences. Edtech advances will increase engagement, enhance knowledge and dissolve geographical barriers, says Anant Bengani, director, Zell Education.
'When I looked closely at people and stories from that region, I realised that the landscape contributes a lot to how people behave.'
Blocked working capital worth Rs 1,500 crore, in the almost-defunct job work diamond polishing units, is expected to be released even as diamantaires will issue fresh orders to such units following the GST relief.
Manjummel Boys is a largely conventional, commercial movie. But given the rather curvy observations that do stay intact in the film, Rohit Sathish is tempted to think what an even braver, more ambitious film would have done.
For now, Bounce, Shuttl, Fab Hotels, Instamojo, Zomato, Curefit, and HealthifyMe, among others, are going for salary deductions. Most of the consumer internet start-ups, besides those who are in the grocery delivery, education tech, and video conferencing business, would ultimately lay-off people and cut back salaries.
Following are comments from economists at leading financial institutions, banks and rating agencies on the interim Budget:
Begin by creating a household budget. Involve all family members in the exercise and cut costs wherever possible.
The company said it would hire 2,150 this year and top it up with another 3,850 in 2012, in contrast to Panasonic Corp's massive job cuts plan by 2013.
What do you do when you've lost your job during the lockdown and are unable to get another one? Get expert advice from HR Guru Mayank Rautela.
Airlines are slashing salaries and re-negotiating vendor contracts as drastic fall in passengers has hurt revenue. Go First has cut staff salaries by around 16 per cent while IndiGo and SpiceJet are enforcing a leave without pay (LWP) policy and pay by the hour structure respectively to prune expenses. Vistara, which reversed pay cuts for junior staff including managers and cabin crew in March, is not touching employee salaries at the moment and instead focusing on vendor renegotiation and maximising cargo revenue. An Air India executive said efforts are on to pay salaries by 7th or 8th of June.
India CMD Ramkumar Ramamoorthy clarified Cognizant would continue hiring, and that the earlier job-cut announcement was but a small one, considering the company had around 290,000 employees globally.
'Dear PM, INC supports the salary cut for MPs. Please note that MPLAD is meant to execute developmental works in the constituency. Suspending it is a huge disservice to the constituents and will undermine the role and functions of MP,' Congress chief spokesperson Randeep Surjewala said on Twitter.
'If the Pawars are so powerful, then why are they scared of me?'
'Life had its own plans and now I have learnt to go with the flow.'
Chosen for the country's highest civilian award Bharat Ratna a day ahead of his birth anniversary, Karpoori Thakur has been the veritable 'Jan Nayak' or people's hero of politics in Bihar, whose legacy parties cutting across ideologies seek to claim.
IMAGES from the Day 2 of the first Test between South Africa and India, at Centurion, on Wednesday.
The company had recently announced its plans to reduce the number of managers by about 1,000 and the number of contractors by another 5,000 as a part of its restructuring initiatives. The company is in discussion with other firms for deployment of low-cost WiMax devices in the country.
Data science isn't just about acquiring skills; it's also about comprehending the business context in which data science is applied.
The government has also set targets for the next 25 years. We are working on the target of becoming a $5-10 trillion economy as well as taking exports to a record high, he said.
The Indian economy recovered from the Covid-induced downturn during 2022 and is poised for further improvement in the coming quarters though downside risks emanating from geopolitical tensions, strengthening dollar and elevated inflation will continue. The positive trajectory in the growth trend and improved fundamentals will help the nation in neutralising the impact of global headwinds which are expected to have a bearing on the country's exports in the months to come. The challenges before the government and the Reserve Bank in the new year would be to arrest inflation, check declining value of rupee against US dollar and promote private investment and growth, with a view to ensure that the country remains one the fastest growing major economies of the world.
Tata Motors-owned Jaguar Land Rover has announced plans to axe 400 more jobs in view of the current global economic downturn.
In April this year, HP had announced to lay off about 27,000 employees globally as part of its restructuring process to reduce costs.
He said law enforcement agencies are cracking down on those involved in recruitment for terrorist groups as well as narcotic dealers and smugglers.
Bournemouth have furloughed staff while top executives and coaches have taken voluntary pay cuts to help ease the financial impact of the coronavirus crisis on the south-coast side, the Premier League club said on Wednesday.
The cuts represent roughly 6% of its institutional securities unit - which includes sales, trading and investment banking, sources say.
At this point, it is crucial to think of solutions that will help flatten the curve and also generate income, says Pratyush Banerjee.
'The impact of economic shocks on the labour markets is usually on the young who delay their entry in response to a fall in job opportunities,' says Mahesh Vyas.
Adobe, the maker of Photoshop, Flash and Acrobat has an employee strength of more than 7,000.
India Inc on Friday said it is looking forward to a repo rate cut in future as cost of funds has to come down in coming times, and expects continuation of accommodative policy stance by the Reserve Bank of India (RBI). The RBI decided to leave the benchmark interest rate unchanged at 4 per cent but maintained an accommodative stance, as the economy faces the brunt of the second COVID-19 wave. Sanjay Aggarwal, president of PHD Chamber of Commerce and Industry, said the RBI has maintained an accommodative stance as long as necessary to revive and sustain growth on a durable basis and to mitigate impact of COVID-19, apart from an aim to keep inflation within the target.
India's services sector activity eased in August but growth rates for new orders remain elevated, as services firms indicated the sharpest upturn in new export business which acted as a catalyst for firms to expand their workforces as well as output, a monthly survey said on Tuesday. Despite falling from 62.3 in July to 60.1 in August, the seasonally adjusted S&P Global India Services PMI Business Activity Index indicated one of the strongest increases in output seen since mid-2010. For the 25th straight month, the headline figure was above the neutral 50 threshold.
Measures to promote ease of doing business, cut in tax rates for smaller enterprises to 25 per cent, and reduction in interest rates are creating the right atmosphere for new businesses to flourish, particularly SMEs.
India Inc resorted to salary cuts to protect their profits in the June quarter, as revenues came under pressure due to the second pandemic wave that affected nearly the entire country, a report said on Wednesday. The "weak" wage growth will prove to be a drag on the overall economic recovery in the medium term as it will affect household consumption, the report by India Ratings and Research said. An environment of pandemic-led uncertainty and elevated inflation could impact the level of spending and hence the overall demand, it said.
In a post on X, the prime minister also urged the people to make contributions to the Armed Forces Flag Day fund.
Musheer Khan smashed his second century of the ICC Under-19 World Cup as India thrashed New Zealand by 214 runs.
Constituencies that are going to the polls in the first phase, slated for April 19, have just 19 days for campaigning. Contrast that with those going to polls in the 7th phase, notes N Sathiya Moorthy.
The Hindutva social media continues to present the DMK especially as anti-god, anti-Hindu and anti-Brahmin. The strategy did not work in the past, it has not worked in the present, and would not work in the future, as a massive vote-getter, asserts N Sathiya Moorthy.
India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
As artificial intelligence (AI) threatens to replace jobs, a new report from Microsoft has suggested that Indian employees are caught between a fear of losing jobs and an opportunity to reduce workload by delegating tasks to technology. Microsoft's Work Trend Index 2023 found that while 74 per cent of Indian employees are worried about AI replacing their jobs, 83 per cent would delegate as much work to it as possible, to help lessen their workloads. More than three in four Indian workers would be comfortable using AI not just for administrative tasks (86 per cent), but also for analytical work (88 per cent), and for the creative aspects of their role (87 per cent).
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances