According to the Financial Times, Credit Suisse will be trimming its workforce by 10 per cent leading to job loss for 650 employees, while HSBC said it was slashing 500 jobs. Credit Suisse has been impacted by the loan writedowns, which has led to two quarters of losses for Switzerland's second-largest bank this year, the report said.
Defending champions England stormed their way to a crushing eight-wicket victory over the West Indies.
Manchester United have lost 11 of their 27 league matches this campaign, two more than all of last season. The two previous seasons with 12 league losses (2013-14 and 2021-22) led to managerial changes.
Sallie Mae, a US-based company which gives loans to students, announced on Monday that it plans to move back as many as 2,000 overseas jobs, including those from India, even if it means an additional financial burden on the company because of higher labour expenses
Company chief executive David Smith said that he did not expect sales to return to normal levels "for some time." He added, "It is only right and proper that our response to the unavoidable impact of the credit crunch and a severe reduction in demand includes actions across all grades and functions in the company. It is critical that Jaguar Land Rover becomes a more efficient and dynamic organisation to face up to the challenges that we will meet in the years ahead."
Tata Motors-owned Jaguar Land Rover has announced plans to axe 400 more jobs in view of the current global economic downturn.
Hampshire-based De La Rue, which produces over 150 currencies around the world, faced production difficulties after employees allegedly falsified paper test certificates for the Reserve Bank of India, which has been its biggest client.
The West Indies, led by Andre Russell, delivered a top-class bowling performance to dismiss the United States for 128 in their crucial Super Eights Group 2 clash of T20 World Cup in Barbados on Friday.
Arsenal reclaim provisional top spot with 1-0 win at Man United
Amid the rhythmic chug of the train, a chorus of voices rises, each bearing its tale of hope and despair.
Break the chains of debt, invest in your future, and wave the flag of financial independence high. Freedom awaits, comrades. Let's conquer this battlefield together this Republic day, exhorts Vatsal Ramaiya.
New Zealand authorities have begun easing social restrictions in recent weeks with COVID-19 cases slowing to a trickle, and sports have been given the green light to restart domestic competitions.
Nominations and addresses are of paramount importance in bank accounts, insurance policies, mutual funds, etc.
The assessment highlights the challenges posed by modern technologies that are automating and making redundant multiple human tasks, from manufacturing to healthcare
Images from the ICC T20 World Cup Group B match between Scotland and Namibia on Friday.
'The life of his political career is dependent on success in this constituency.'
Amid mass layoffs in the tech sector, the federal agency for immigration services has said it is wrong to assume that sacked workers holding the much-sought-after H-1B visas have to leave the country within 60 days, asserting they have multiple options to stay in the US. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
The survey covered around 3,000 units from sectors like textiles, gems and jewellery, metal and metal products, leather, automobiles, as well as infotech and business process outsourcing. The latest survey says total employment in the surveyed units was 15.72 million. This is less than the 16.2 million jobs in the same units seen in September 2008.
The US, second in Group A with four points after suffering their first loss in three matches, will also ensure qualification for the next round if they beat Ireland on Friday.
Terming pacer Mukesh Choudhary's poor performance against Sunrisers Hyderabad as "tough baptism", Chennai Super Kings head coach Stephen Fleming asserted that the defending champions remain committed to support their players in search of "a new hero when short on firepower".
The impact of AI automation in India is the lowest.
Governments seem to be a lot more wary of imposing a draconian lockdown this time. Some lessons seem to have been learned. So, it may be fair to assume that these lockdowns will do less harm. But they will hurt the recovery process, which is still incomplete, warns Mahesh Vyas.
'There is a huge constituency that upholds this ideology.' 'Hindutva will remain relevant in our public life in the near future as an ideology and in politics as well.'
The US saw a staggering 467,000 job losses in June, pushing the unemployment rate to a 26-year high of 9.5 per cent, indicating that economic revival may take longer time than anticipated.
Mumbai Indians skipper Hardik Pandya seemed to be at a loss for words to explain the reasons for his team's disastrous showing in IPL 2024 so far.
Although the third quarter of financial year (2023-2024) FY24 (Q3FY24) was marginally below expectations, Info Edge (India) is witnessing strong investment trends and hitting new highs. The big driver is optimism about a pickup in the jobs market, which benefits Naukri.com and could mean upgrades in Q4FY24 expectations. The JobSpeak Index, which Naukri.com releases on a monthly basis, is showing a "transformative shift".
Xavi played for Barcelona for 17 years, making 767 appearances and winning 25 trophies, including four Champions League titles and eight LaLiga crowns.
Under intense scrutiny, Iyer looked rusty at the start of the IPL and got out for a two-ball duck in their opener against SRH. He had some significant contributions later on but his efforts were all overshadowed by Narine and Salt's explosive batting.
The Bharatiya Janata Party suffered stunning losses in three Hindi heartland states, partial poll results showed Tuesday, forcing the party to rely on allies to form the government after a bitter and divisive election that was projected as a referendum on Prime Minister Narendra Modi's popularity.
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Car sales in India fell for the second consecutive fiscal in 2013-14 with a drop of 4.65 per cent as the auto industry continued to struggle with demand slump.
'You look with hope at a politician who comes along and promises to change all that: 10 million new jobs every year, no need to touch someone's feet to get an introduction to an employer. And fix the corrupt guys who have made the system what it is.' 'But five years later, the reality has changed little or not at all,' says T N Ninan.
"The decision is likely to lead to a number of jobs being lost in the jewellery sector in India, specially among vulnerable groups of society," Commerce and Industry Minister Kamal Nath said in a statement.
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.
At this point, it is crucial to think of solutions that will help flatten the curve and also generate income, says Pratyush Banerjee.
Prime Minister Narendra Modi was on Tuesday poised to form the government for a third consecutive term with the Bharatiya Janata Party-led National Democratic Alliance getting a majority in the Lok Sabha, notwithstanding crushing losses in three Hindi heartland states after a bitterly fought election that was projected as a referendum on his popularity.
While Vedanta Aluminium, Balco and Cairn India confirmed the job cuts, sources said Sesa Goa too had slashed jobs.
The government must realise that it has very little time to recover itself, its reputation, its legacy - and India's fortunes,says Mihir S Sharma.
However, the net job loss in the export sector is estimated to be 7,48,000 since some sectors like plantation may witness a positive growth. The study said, during 2009-10, India's total exports are likely to dip by 2.2 per cent.
Sindhu saw off Sim 21-13, 12-21, 21-14 in a 59-minute women's singles second-round match to register her third win over the Korean world number 34.
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