The layoffs have been done in businesses which are moving slowly due to various reasons including delayed execution
The 13 firms under consideration had nearly a million employees as of March 2018, including contractual and temporary workforce.
Mutual funds (MFs) have lined up information technology (IT) funds, indicating that technology stocks are back on fund managers' radar after a hiatus. Over the past 18 months, stock prices for companies in the software space have either corrected or remained subdued. Fund houses have launched five IT-based sectoral funds in the past three months, with three of them taking the passive route.
'The India which was all about glamour and razzmatazz through which he could earn the trust of people of the other India, which was Bharat.'
