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.
Beverages giant Coca-Cola will cut jobs in India as part of its "redesigning operating model" globally to accelerate business growth across markets.
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.
IMAGES from the IPL match between Royal Challengers Bengaluru and Chennai Super Kings at the M Chinnaswamy stadium in Bengaluru on Saturday
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.
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.
Images from the Europa League semi-finals first Leg between Athletic Bilbao and Manchester United, Tottenham Hotspur and Bodo/Glimt.
'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.'
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".
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.
The 5,000 jobs would be cut from the Anglo-Dutch oil and gas group as part of a restructuring that began earlier this year.
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.
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.
Lack of buyers in the property market has forced country's largest real estate firm DLF to cut prices of its future projects by up to 15 per cent, while the firm hinted that unless the housing market improved, it could resort to "some kind of cutting" of jobs.
The economic slowdown, which caused severe job-cuts across the country, has brought new opportunities for frauds who, masquerading as representatives of IT companies, are luring employment-seekers with promises of good placements in lieu of some 'security amount'.
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.
With around 2,000 jobs on the line at its troubled investment banking unit here, Barclays is believed to have dispatched a team to recruit and train new staff in India to replace workers in both London and New York, according to The Independent.
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.
The British Broadcasting Corporation on Tuesday said it would cut about 2,900 jobs, more than 10 per cent of its workforce, as a part of "transformation" of the world's biggest public broadcaster, aimed at saving 320 million pounds a year.
Besides, the Vikram Pandit-led bank has hinted at further job cuts in the coming days, after already having cut down or announced plans to bring down its workforce to below 3,00,000 employees from more than 3,75,000 at the end of 2007. In an internal mail to all its employees in the US, Citi's human resources head Paul McKinnon said on Monday that it would eliminate some 'supplemental severance payment' for the employees with 10 or more years of service.
Of the 921 job reductions, 228 flight attendants would be furloughed, while another 244 would be put on involuntary leave in October and November. An additional 449 attendants have chosen voluntary buyout packages, including overage leaves of absence, resignations with travel benefits and partnership flying.
Trump said that the funds used to support students with disabilities and scholarships will be preserved and these duties will be provided to other institutions.
'There is a behavioural shift and conservativeness with companies cutting down on manpower and rationalising the number of people.'
'It can position itself as a China Plus One solution, fulfilling the demands of developed economies.'
Former India head coach Ravi Shastri has picked India as the favourites in Sunday's Champions Trophy summit clash against New Zealand, but hastened to add that the advantage will be miniscule, given that the Black Caps are a formidable side.
Technology is rapidly reshaping industries that have long been rooted in tradition, driving a wave of innovation that is transforming everything from finance, banking, steel to manufacturing.
Divya Nair/Rediff.com speaks to students and experts to find out whether it is better to study management in India or try for an international MBA.
Prime Minister Narendra Modi advocated for a global framework for artificial intelligence (AI) based on open source, emphasizing the need for trust, transparency, and the elimination of biases. Co-chairing the AI Action Summit with French President Emmanuel Macron, Modi highlighted the transformative potential of AI across various domains, including politics, economics, security, and society. He stressed the importance of democratizing technology, addressing concerns about cyber security and disinformation, and developing quality data sets free from biases. Modi also acknowledged the need for open-source AI ecosystems to foster trust and transparency, while emphasizing the importance of localized technology for effectiveness and usefulness. Recognizing the potential of AI to improve health, education, and agriculture, Modi proposed pooling resources and talent to leverage the technology for sustainable development goals. Addressing concerns about job displacement, he emphasized that while the nature of work may evolve, technology creates new opportunities. Modi highlighted India's leadership in AI adoption and data privacy solutions, emphasizing the nation's readiness to share its expertise and contribute to an AI future that benefits all.
Yahoo! Inc, the Internet company that rejected a takeover offer from Microsoft Corp., reported a 64 per cent drop in profit after advertisers curbed spending. The company also announced plans to cut at least 10 per cent of jobs.
The White House website had a new look with the bold banner headline 'America is back' seconds after Trump was sworn in as the 47th President of the United States on Monday.
The figure constitutes less than one per cent of the company's 1,30,000-workforce. According to the report, a TCS spokesperson reasoned that these employees had failed to meet performance standards.
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.
"The initial plan was to dispose of the body parts in a secluded location, but the duo eventually decided to keep it inside a large blue drum, filling it with cement and sand," said SP Singh.
Demonetisation and GST are the main reasons for the job losses.
'The irony of this country is that the party in Opposition and the party in power both depend on Muslims.'
'The BJP lacks a credible mass leader who matches Mamata Banerjee's popularity.' 'Given the division of votes among Opposition parties, the West Bengal government's dole-giving strategy, and the consolidation of the poor, significant sections of scheduled caste groups and Muslim minorities behind the ruling party, it will be difficult to dislodge the Trinamool from power.'
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.
Consistent preparation with the right skillset and good communication skills are important to crack any campus interview, says rediffGURU Professor Suvasish Mukhopadhyay.
US banking behemoth Citigroup is still looking out for new employees and has posted more than 100 job vacancies over last week
On its 177th anniversary, Utkarsh Mishra explores the history and relevance of The Communist Manifesto.
