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Tata Consultancy Services plans to reduce its workforce by approximately 2%, impacting over 12,000 employees due to economic uncertainties and AI-driven technological changes. The company will provide affected staff with notice period compensation, severance benefits, insurance coverage, and outplacement assistance. This decision comes amid a slowdown in hiring across the Indian software services sector.
Suresh Narayanan retires from Nestlé India after a decade as CMD, leaving behind a legacy of significant growth and successful navigation of the Maggi crisis. Under his leadership, revenue, profit, and market capitalization surged, dri ...more
NCRTC has initiated electricity procurement through the power exchange for its Ghaziabad RSS, aiming to cut operational costs and boost green energy usage. This move, expected to save around Rs 1 crore annually from a single drawl point ...more
Lenskart's IPO plans have been formally approved by shareholders, paving the way for a stock market debut. The omnichannel eyewear firm aims to raise ₹2,150 crore as part of its public issue, potentially reaching $1 billion. Lenskart, ...more
Donald Trump and Ursula von der Leyen announced a trade deal between the US and EU, aiming to resolve a prolonged transatlantic trade dispute. Trump and Ursula von der Leyen met in Scotland for crucial discussions, seeking to resolve th ...more
Reliance Infrastructure (RInfra) and Reliance Power (RPower), in their statements, say the searches had no impact on their business operations and that they would cooperate with the ED
The newly signed India-UK free trade agreement, CETA, will grant British companies national treatment, enabling them to deliver services in India without establishing a local base. The agreement covers various sectors, including telecom ...more
Oscar Piastri triumphed at the rain-soaked Belgian Grand Prix, securing his third victory and extending his lead in the Drivers’ Championship. He skillfully overtook teammate Lando Norris early in the race and managed tyre strategy ef ...more
We are looking at a ULIP to non-ULIP ratio of 65:35 for FY26 against 70:30 last fiscal, says MD & CEO Amit Jhingran
Earlier this month, the Elon Musk-run Tesla launched its Model Y in India, at prices starting at Rs 59.89 lakh, with its first showroom in Mumbai.
The US and China are likely to extend their tariff truce for another 90 days as trade negotiations continue, with discussions planned in Stockholm on Monday. During this period, both countries will refrain from new tariffs.
In Scotland, US President Donald Trump and EU chief Ursula von der Leyen are engaging in trade deal talks to resolve a prolonged transatlantic dispute. Trump had earlier indicated a 50% chance of reaching an agreement before the August ...more
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