Computer giant Microsoft has signed a $170-million, five-year contract with India's HCL for outsourcing work for its online business productivity suite.
Sector experts say rising pressure on margins owing to price discounts on the core business, increased hiring in the US and emergence of new technology areas are key reasons for such cost cutting.
Sony Mobile Communications is planning to cut 1,000 jobs globally by the end of March next year to increase operational efficiency and reduce costs.
The AAP will contest all the 90 assembly seats in Haryana on its own, but the Lok Sabha polls will be fought as part of the INDIA bloc, Kejriwal said.
Chip giant Qualcomm chief executive Cristiano R Amon and billionaire Gautam Adani on Monday discussed role of AI, semiconductors and edge appliances across markets in the fast changing global technology space. The two leaders met in Mumbai on Monday morning to discuss India's potential around semiconductors, AI and mobility, according to a social media post by Adani. While Qualcomm is big on designing and manufacturing semiconductors and wireless telecommunications products, Adani group had in 2022 bought a small quantity of fifth generation or 5G spectrum for private captive network deployment in ports, logistics and power generation among others.
'I have had occasion to work with Bill Gates as a young engineer, and am one of the few people in India who has interacted with Steve Jobs and Larry Ellison.' 'I have worked with Andy Grove at Intel, so I know what bright and great people are like, but Modiji is a different level of perfection.'
All pre-election opinion polls indicate a strong majority for the Opposition Labour Party, forcing the incumbent Sunak-led Conservatives on the back foot to caution voters against handing a "supermajority" to the Keir Starmer-led Labour.
The avoidable stresses and strains in ties helped in one way. It showed for the entire region how a matured India handled diplomatic relations, especially with a smaller and suspicious neighbour, with practised dignity and patience, unruffled by provocations in word, deed and action, observes N Sathiya Moorthy.
'He fears that the youth tide has gone against him and he will be swept away in the next assembly election in the state.'
After SBC's recent $16 billion acquisition of AT&T Corp, it now plans to cut 13,000 jobs after the deal is closed by early 2006.
As the job markets open up, top IT services firms may look at a tiered strategy in which they hire entry-level talents at higher salaries, amid a major technological shift, say HR analysts.
British banking major Royal Bank of Scotland has said it will slash as many as 9,000 jobs worldwide in the coming days, including 4,500 positions in the UK, as part of its cost-cutting measures.
The bank sheds staff to help it deal with bad home loans.
The biggest worry is not the shrinking of the labour market, but the collapse of good jobs.
'People have got into the habit of sitting at home (and watching films).' 'They don't want to watch movies in theatres because they do not want to waste as much as Rs 1,000 on tickets.' 'They feel there is no point in watching a film on the big screen because it will anyway come on OTT in a month's time.'
On a surprise visit to Beijing amid speculation that he may unveil Tesla's autonomous driving technology in the burgeoning electric vehicle (EV) market in China, billionaire Elon Musk on Sunday met Chinese Premier Li Qiang and discussed future expansion plans for his automobile.
Ulajh strikes you as an attempt at statement-making gone horribly wrong, a punchline that doesn't land, a roar that never reaches the ear, observes Sreehari Nair.
Starting afresh in a new domain or with a new employer or opting for entrepreneurship can be the brighter side of job loss.
Stories are legion about the Karatmeter's use at that time. Hundreds of people standing in queue for testing, customers breaking down after discovering the actual purity of their jewellery and then becoming irate about the jeweller who had gypped them, the local jewellery industry leaning heavily on the Tanishq franchisees to desist from using it, some jewellers even threatening violent action.
I never play for spot, always play for team's success: Shardul
The Finland-based power plant and equipment company Wartsila Corporation today said it will reduce about 400 jobs globally in its support functions and information management services.
The UK steel industry is struggling for survival in the face of extremely challenging market conditions.
Between April and September 2014, the central govt released Rs 13,618 cr to states, against Rs 24,676 cr in the same period last year.
The charge is likely to lower the company's adjusted fourth quarter net income by 46 per cent from a year earlier.
Prices of automobiles, including cars, sports utility vehicles and two-wheelers, are set to come down with Finance Minister P Chidambaram announcing a reduction in excise duty in the Interim Budget.
IMAGES from the Premier League matches played on Wednesday.
There is no use of the BJP targeting the likes of Mamata Banerjee and M K Stalin, directly by the party's political bosses, both in Delhi and the respective state capitals, or even using the Raj Bhavans to fire those salvos from. Successive elections have proved that it's counter-productive, if anything. But the BJP is yet to understand it, acknowledge it, points out N Sathiya Moorthy.
The drastic cost-saving drive unveiled by the bank would trim its workforce by nearly 16 per cent from the current strength of 64,000 people.
To land a job in a competitive field, graduates must go beyond the obvious and prepare extensively, adbises Vijay Gupta, director-global human resources, Rahi Sytems, a global IT services and solutions company.
Defence Minister Rajnath Singh on Saturday approved a proposal to reserve 10 per cent of the job vacancies in the defence ministry for 'Agniveers' who meet requisite eligibility criteria.
The new season coasts along on the simple anecdotes that make up the piggy bank of family lore; the performances are as wonderful as before, but the sharpness of humour is starting to dull a bit, observes Deepa Gahlot.
In addition, the company also plans to reduce headcount in its seasonal and temporary workforces, the company said while outlining its plan to improve profitability and enhance operational efficiency in its electronics businesses. Under the corporate restructuring measures, Sony is planning to reduce investment in the electronics business by about 30 per cent in the fiscal 2010, compared to its mid-term plan.
Inconsistent SRH take on LSG in push for play-offs spot
A leaked report by Sir Peter Gershon outlined plans to transform the civil service into a small, streamlined administrative core which delegates most of its powers to super agencies at regional or national level.
UBS stepping in to save Credit Suisse with a $3.2-billion acquisition has provided the beleaguered Swiss bank's India employees a glimmer of hope. The surprise deal - engineered by the Swiss government - has triggered optimism of fewer job losses at Credit Suisse's India unit and better synergies at key verticals, such as wealth management and investment banking. "UBS is a much stronger hand. Coming within its fold will give Credit Suisse's wealth management and investment banking divisions a good home.
The company's search for a partner in India seems to be grounded once again
International Business Machines said it plans to cut up to 13,000 jobs, or 4 per cent of its work force, as part of a cost-cutting move targeting Europe, where IBM's management structure has remained the same for the last 60 years.
Also, Justin Langer's chances of getting a fresh contract will depend on Cricket Australia's meeting where the top bosses are expected to take a call.
Abhishek Porel and Tristan Stubbs struck half-centuries for Delhi Capitals in their final league game of the season.
For the first time, Modi is eyeball to eyeball with his bete noire, sitting a few feet across him. Given the last 10 years, a confrontation between them was unavoidable, inevitable, points out Saisuresh Sivaswamy.
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