Job cuts announced by US employers jumped 31 per cent in July to over 97,000, increasing for the first time in six months, warning of a further hike in downsizing activity by the last quarter of the year, a report said on Wednesday.
Analysts tracking Corus said the steel company's workers had witnessed nearly 8,000 job cuts in the last eight years and were, therefore, apprehensive of Tata Steel's intentions.
Having already witnessed a job cut of around seven lakhs so far in the year, the textile industry may see a further reduction in manpower by five lakhs, given in a decline in business by 1.5 per cent.
A riveting mother-son drama with a superb first half, Balan: The Boy loses some of its grip after an ambitious but uneven turn, notes Sreeju Sudhakaran.
Oracle Corporation has reportedly laid off thousands of employees globally, including a significant number in India, with affected individuals receiving early morning termination emails and immediate laptop lockouts, despite the company posting record quarterly revenues of $17.2 billion.
In an effort to improve their balance sheets, many of the major multinationals have started to lay-off employees.
Carlo Ancelotti has extended his contract as the manager of the Brazilian national football team until the 2030 World Cup.
'There are new job roles that are emerging because of AI.'
Union Minister Nitin Gadkari has called for Indian companies to form joint ventures with US companies to leverage new technologies, while also expressing an ambitious target to make India's automobile industry the world's number one within five years.
Matteo Berrettini reached the French Open quarterfinals by ousting giant-killer Juan Manuel Cerundolo, while Felix Auger-Aliassime and Flavio Cobolli sealed their last-eight spots with contrasting wins.
Hindustan Unilever (HUL) will closely assess the global initiatives of its parent under the productivity programme and evaluate what works best for its business and people, said the company. The statement from HUL comes after its parent Unilever recently told its employees that it will cut a third of office-based jobs in Europe by the end of 2025. "We will closely assess the global initiatives of Unilever under the productivity programme and evaluate what works best for our business and our people," HUL told Business Standard.
India is growing fast, but to keep growing strong, the government must make more things at home, create jobs, and spend money wisely, suggests Rajiv Memani, regional managing partner, Africa-India Region, EY.
Delhi Police have dismantled an interstate cyber fraud racket that deceived individuals with false promises of overseas jobs and visa services, leading to the arrest of three suspects.
The Strait of Hormuz crisis is impacting lifestyles worldwide, from reduced gold purchases in India to energy conservation in Europe and Japan, as governments urge citizens to adapt to the global energy shock.
'Much later when I came to Afghanistan, I realised that there were songs in Bollywood films.'
Petrol and diesel prices in India have seen their fourth increase in less than two weeks, pushing cumulative hikes to nearly Rs 7.5 per litre since May 15, reaching their highest levels since May 2022. This surge, driven by global crude oil costs and the Iran conflict, is expected to exacerbate inflationary pressures and raise transportation costs across the economy.
Senior BJP leader Smriti Irani has criticised the TMC government in West Bengal, alleging corruption and failure to ensure women's safety. She promised a monthly cash support of Rs 3,000 for every woman if the BJP is voted to power.
Prime Minister Narendra Modi launched a strong attack on the Mamata Banerjee government in West Bengal, accusing it of facilitating cultural changes through infiltration, presiding over a 'Maha jungleraj' in tribal areas, and betraying women, farmers, and youths.
The BJP must respect Bengal's pluralistic ethos and with this historic mandate give the state the constructive change it truly deserves, expects Kolkata native Payal Singh Mohanka.
India is unlikely to see any large-scale job cuts as it has a strong domestic market to consume what it produces, Cabinet Secretary K M Chandrasekhar said.
Planned job cuts announced by US employers declined in December to 41,785, the lowest monthly total since June, says a report by global outplacement company Challenger, Gray & Christmas.
'The BJP successfully merged governance with identity. That's a powerful combination in Assam's political context.'
The rapid development of artificial intelligence (AI) globally presents significant opportunities for Indian companies and will not adversely impact their businesses, Nasscom AI head Ankit Bose said on Tuesday.
Former India goalkeeper PR Sreejesh has publicly criticised Hockey India for allegedly favouring foreign coaches over Indian coaches, despite his successful tenure with the junior men's team. Hockey India has rejected Sreejesh's claims.
Union Health Minister J P Nadda launched a scathing attack on the TMC in West Bengal, accusing it of appeasement politics, shielding infiltrators, and presiding over a corrupt and lawless regime.
'At the first sign of real trouble, that money will move. There will be a run.'
Prime Minister Narendra Modi has accused the Trinamool Congress (TMC) of betraying women by obstructing the passage of the Constitution (131st Amendment) Bill, 2026, which aimed to reserve 33 per cent of seats in Parliament and state assemblies for women. Modi asserted that women in West Bengal would punish the TMC in the upcoming assembly elections.
The report, however, said that the increase in layoffs should not be seen as a sign of 'recession relapse'.
If TVK MLAs and ministers are perceived as clean, or demonstrably cleaner than their predecessors, the credibility dividend will be enormous. The voter will feel rewarded, points out Ramesh Menon.
rediffGURU Anu Krishna, co-founder of Unfear Changemakers explains how you can deal with teenage rage and behaviour tantrums.
'...especially pressure on the rupee, the current account deficit, and foreign exchange outflows.' 'The key question over the next several months is whether the government can prevent external turbulence from feeding into domestic economic pessimism.'
'The nepotism, corruption, bad governance and 15 years of rampant crime that has happened across West Bengal under her rule led to her ouster.'
Rising living expenses, fear of contract hiring cast shadow on real gains.
Pukhraj Singh Gill emerged victorious at the ADT Players Championship presented by The R&A, overcoming a tense three-way play-off to secure his first international title.
Mammootty's greatness lies not in hiding his flaws, but in turning them into his most powerful acting tools, observes Sreehari Nair.
At a time when artificial intelligence is reshaping industries, can it really replace a designer's instinct?
Indian golfer Karandeep Kochhar voices concerns about the uncertainty surrounding LIV Golf-backed funding and its potential impact on the Asian Tour and Indian golf.
Kimi Antonelli, the Italian teenager, secured his third consecutive Formula One victory at the Miami Grand Prix, extending his championship lead. The race saw dramatic moments, including a safety car deployment and penalties for top drivers.
Senior TMC leader Abhishek Banerjee criticises Union Home Minister Amit Shah over infiltration, terror attacks, and unfulfilled job promises, questioning the BJP's governance record.
From leafy greens to popular fruits, testing has shown varying levels of pesticide residues, raising concerns about routine exposure. Simple steps like washing, soaking, peeling and careful handling can help reduce potential risks.
