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.
Battling tough business conditions, Nokia's latest move would be in addition to restructuring plans unveiled in April that would affect as many as 7,000 jobs globally.
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.
IMAGES from the Premier League matches played on Wednesday.
India's biggest firm, Reliance Industries, has decided to cut salaries by 10 per cent in its oil and refining divisions. Several smaller companies like Kajaria Ceramics have followed suit with cuts as high as 40 per cent for those earning more than Rs 50 lakh.
Despite difficult working conditions, Indians are still seeking jobs in Gulf countries
If you are an expert in programming languages, statistics and algebra, then a career in AI and ML is worth a shot in 2021.
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 cut in wages by companies whose operations were not shut by the lockdown was more likely opportunistic than out of business compulsions to survive the lockdown. If this is true, then it is worth wondering what kind of opportunism was this? Was it to make a quick buck or was it to use a crisis to engineer a structural change that was necessary, asks Mahesh Vyas.
"Boeing will reduce the production program's work force by approximately 1,100 jobs through the end of 2012," the company said in a statement.
Growth in India is expected to slow to 6.3 per cent in FY 2023/24 (April-March), a 0.3 percentage point downward revision from January, the World Bank said Tuesday but noted there is an unexpected resilience in private consumption and investment and robust growth in the services. The World Bank made these points in its latest edition of Global Economic Prospects according to which global growth is projected to decelerate from 3.1 per cent in 2022 to 2.1 per cent in 2023. In Emerging Markets and Developing Economies (EMDEs) other than China, growth is set to slow to 2.9 per cent this year from 4.1 per cent last year. These forecasts reflect broad-based downgrades.
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.
Inconsistent SRH take on LSG in push for play-offs spot
The company which posted results for the latest quarter said restructuring efforts are underway that will include a workforce reduction of around 5,000 employees.
It should cover mandatory expenses, insurance premiums and loan installments for six months to a year.
Financial assistance of Rs 25,000 to one lakh persons going on pilgrimage to major Hindu temples, increase in maternity leave period and assistance, cut in fuel prices and steps to ban National Eligibility cum Entrance Test (NEET) were the various promises made by the Dravidian party.
With economic problems and job cuts, Hangzhou locals and people in other parts of China are not very pleased about hosting the Asian Games.
The FA said 42 positions were already vacant before the COVID-19 crisis while they are proposing to remove a further 82 roles from the organisation.
India A spinners turned the knife into England Lions' batting line-up to give their side a commanding 134-run victory on the fourth day of the third and final unofficial 'Test' in Ahmedabad on Sunday.
Cisco, which employs about 73,000 people worldwide, has warned against a 'challenging macro environment'
Abhishek Porel and Tristan Stubbs struck half-centuries for Delhi Capitals in their final league game of the season.
Twitter has started laying off employees in India as part of a global job cut ordered by the social media platform's new owner Elon Musk to attain economies of scale and make the USD 44 billion acquisition viable.
The economic slowdown has seen an increase in cost-cutting measures. Tell us what is happening in your company.
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.
Virat Kohli has hardly ever set foot at the Bengaluru-based National Cricket Academy for any fitness-related rehabilitation work, said Indian skipper Rohit Sharma, who wants aspiring cricketers to follow the ace batter's exemplary work-ethic.
Politics is not on the radar of 18 to 21-year-old Indians, reveals Rama Bijapurkar.
German chemical company BASF, which has a significant presence in India, will slash about 3,700 jobs by 2013 as part of its restructuring measures.
The Goa CM knows running a coalition government while pursuing a development agenda will require a fine balancing act.
Rajat Patidar and Axar Patel struck half-centuries in a match dominated by the bowlers.
In the event of a war with China, AMCA deep strikes would target China's rail and road links with Tibet, isolating PLA divisions there.
'I think because India is a bigger country and Bollywood is such a well-oiled machine, the star thing has become so much bigger than the actor thing.'
'Suddenly the audience pool feels bigger, like everyone is watching everything now.' 'It's no longer limited in terms of boundaries, like a state or a language.' 'Whether it's a series, a movie or even a Korean film, the audience has access to all of it.' 'Slowly, the boundaries are blurring, so that's great for actors.'
According to media reports, Qantas Chief Executive Alan Joyce said the result was unacceptable and the company would slash 5,000 full-time equivalent positions.
Harshal finished with 2/28, taking his wicket tally to 22 in 13 games and overtake Jasprit Bumrah for the most wickets in IPL 2024. The pacer is way ahead of everyone when it comes to bowling in the end overs, with 16 wickets between the 16th and 20th overs -- the most by any bowler this season so far with Bumrah a distant second on 11 wickets in the death overs.
The payroll data has been revised downwards for each of the nine months between September 2017 and May this year
'You cannot have only one product or one market or one customer segment.'
Another season of these legal antics would be welcome, applauds Deepa Gahlot.
'The long-term impact of elections is minimal.'
After job cuts at Twitter, Facebook's parent company Meta is planning to begin "large-scale layoffs" this week in what could be the largest reduction to date at a "major technology corporation in a year that has seen a tech-industry retrenchment," a media report said.
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