Kingfisher Airlines may cut jobs, UB group chairman and CEO Vijay Mallya said on Thursday.
On its 177th anniversary, Utkarsh Mishra explores the history and relevance of The Communist Manifesto.
China has toned down its rhetoric on fighting a trade or any other type of war with the US, saying that no such wars should be fought because they cannot be won. Foreign Ministry spokesman Lin Jian responded to US Secretary of Defence Pete Hegseth's remarks that his country doesn't seek a war with China, but will rebuild the military and prepare for war. However, on Tuesday, Lin had said that China is ready to fight till the end if the US wants a trade war or any other type of war. Hegseth said on Wednesday that the US is not actively seeking conflict with China, but is rebuilding its military and establishing deterrence.
Investors lost Rs 24.69 lakh crore in market valuation in the last four days of severe drubbing in the equity market. Spike in global crude prices, unabated foreign fund outflows, a strong US jobs data diminishing early rate cut expectations, and the rupee logging its steepest single-day fall in nearly two years dampened investors' sentiment.
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According to Unite the Union, which represents the bank's staff, around 60 back-office roles are to be moved to India.
Vietnam-based electric vehicle maker VinFast, a rival of Tesla in the global market, has set foot in India and began work on building its Rs 16,000 crore EV manufacturing facility at Thoothukudi in Tamil Nadu. The company has already sought a reduction in import duties on its cars for about two years until customers get familiar with the brand and its unit in the state. The global major kicked off the construction of the first phase of its integrated EV hub, which may see Rs 4,000 crore of investment initially and will create more than 10,000 jobs.
While this will incur a revenue loss amounting to 0.2 per cent of GDP, it will provide a strong boost to consumer sentiment and spending, points out Rajani Sinha.
The time is ideal for a 'Dream Budget' akin to the 1991 reforms that sparked high growth and unlocked significant gains in productivity, points out Rajeswari Sengupta.
'It would be difficult for us to run jails if it wasn't for murderers.'
Consistent preparation with the right skillset and good communication skills are important to crack any campus interview, says rediffGURU Professor Suvasish Mukhopadhyay.
The job cuts will affect almost a fifth of the bank's workforce.
The job cuts in Finland, Hungary and Mexico are said to be driven by the world's largest mobile phone maker's plans to move its device assembly units closer to the component suppliers in Asia.
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".
IT attrition rate is expected to be around 12% to 13% this year.
'Additionally, the significant employment multiplier will boost direct and indirect jobs of up to 1.1 million.'
MSI chairman R C Bhargava said auto sector would like to see GST benefits linked to greener/cleaner cars. The government gave tax cut on EVs but hybrid should be given duty cut. There should be tax cut on CNG vehicles.
Ace pistol shooter Manu Bhaker will lead a 35-member Indian team in the season-opening ISSF World Cups in April in South America.
The balance was so perfect in that moment, the irony so rich. Those who cheered on Elia Kazan were cheering on the one quality that made him such a singular artist: He was his own man and not susceptible to groupthink. Those who protested Kazan's presence were protesting that very quality: They were saying that he was too much of an outlier, a wolf in a radical's clothing. Sreehari Nair captures his Kodak moment at the Oscars.
Bill Aitken came to India nearly 60 years ago. He never returned. An Indian citizen since 1972, he tells Rediff.com's Archana Masih how India changed his life forever.
S&P Global Ratings on Tuesday said the Indian economy is set for "resilient growth" in 2025 and projected inflation pressure to recede which will lead to "modest" easing of the monetary policy by the RBI. In its India outlook for 2025, S&P also retained India's growth forecast for current fiscal at 6.8 per cent, followed by 6.9 per cent growth in 2025-26.
'There is a behavioural shift and conservativeness with companies cutting down on manpower and rationalising the number of people.'
The Association of Mutual Funds in India (Amfi) has already taken up the matter with the market regulator and the finance ministry.
'When there is a money crunch in the industry, actors like us are the ones who face budget cuts. Not the big actors.'
India's opposition parties have sharply criticized the Union Budget, calling it inadequate to address the country's economic woes and accusing the BJP-led government of using it to woo voters in Bihar and Delhi ahead of upcoming elections. Leaders from the Congress, TMC, DMK, SP, and CPI(M) voiced their disapproval, highlighting concerns over inflation, unemployment, and the lack of substantial measures to support the agricultural sector and the poor. They also criticized the tax cuts for the middle class as insufficient and coming too late after years of high taxes and rising prices.
'If the Trump administration decides to put guardrails on H-1B visas, that will surely impact both US and Indian firms.'
The best way to achieve financial security isn't by cutting out every vada pav or limiting yourself to home-cooked meals; it's by making yourself indispensable at work, says Vatsal Ramaiya.
Gold is the second-biggest item on India's import bill after oil and, facing a record trade deficit and a plunging currency this year, the government imposed stringent rules with the aim of curbing demand for the metal.
-French flair topped American firepower as Gael Monfils turned back the clock to dump fourth seed Taylor Fritz out of the Australian Open on Saturday and celebrate his place in the last 16 with a dance on court.
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A stumbling economy, a falling currency and high inflation, plus weak consumer demand, mean more and more become excess baggage.
A round-up of Saturday's action in LaLiga, Ligue 1, Serie A and Bundesliga.
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.
Chhaava deserves 2 stars for the historically half-baked film that it is, but 4 stars just for its attempt on making a film on Sambhaji, observes Prasanna D Zore.
Beverages giant Coca-Cola will cut jobs in India as part of its "redesigning operating model" globally to accelerate business growth across markets.
Wednesday's 3-0 win was also the club's 12th clean sheet in a row.
'The finance minister has done as much as she can when you look into the fiscal constraints she had.'
The Migration Advisory Committee said 270,000 less posts should be on the 'shortage list' of jobs, which allows employers to bring in foreign workers without trying to fill them with British staff first. In the latest review published on Thursday, construction workers and quantity surveyors were suspended from the list because unemployment among workers in those professions has risen by 500 per cent as a result of the downturn.
To curb raw material imports from China and promote textiles, the Uttar Pradesh government is looking to set up nearly a dozen private textile parks in the state. The textile parks would be established under the UP Textile and Garmenting Policy 2022.
Murthy also said this is not for the first time that the industry has faced the layoff problem and hence there should not be any extreme anxiety as the industry had dealt the issue and found solutions then.
Mint Road, on December 21, 2023, flagged the role of self-regulatory organisations (SROs) in strengthening the compliance culture in regulated entities (REs) and providing a consultative platform for policymaking. It also decided to issue an omnibus framework for SROs.
