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The Economic Times
The Economic Times HCLTech slows headcount reduction in Q2 FY25, down by 780 employees
HCLTech's larger peer Tata Consultancy Services (TCS), India’s largest IT services company, added 5,726 employees during the second quarter of fiscal year 2025 - July to September period, continuing its net employee addition from the previous quarter.
The Economic Times Nvidia notches record close, could unseat Apple as most valuable company
In June, Nvidia briefly became the world's most valuable company. It was overtaken by Microsoft, and the tech trio's market capitalizations have been neck-and-neck for several months.
The Economic Times Mumbai toll waiver: FASTag providing banks face business hit
The total daily revenue from these five toll booths amounts to Rs 1.5 crore, and with the exemption of light motor vehicles, the government is expecting a revenue loss of approximately Rs 50 lakh per day.
The Economic Times Only 13 of 30 National Company Law Tribunal courts work full time
Nearly a third of positions at the National Company Law Tribunal remain unfilled, impacting the government's insolvency reform initiative. This shortage has led to operational inefficiencies, delaying insolvency resolutions significantly. The average resolution time has surged to 716 days, far exceeding the 270-day deadline, posing challenges for corporate insolvency processes.
The Economic Times Wipro makes it mandatory to work three-days from office: Here's what co's HR head said on new hybrid work policy
Wipro has introduced a new hybrid work policy requiring employees to work from the office three days a week. The policy focuses on a balanced work environment, fostering collaboration, flexibility, and trust. Employees can select their in-office days and work remotely on specified days, supporting personal well-being and caregiving responsibilities.
The Economic Times India and US set to ink Rs 34,500 crore drone deal
India and the US are set to sign a Rs 34,500 crore deal to acquire 31 MQ9B drones for the Indian armed forces. The agreement includes contracts for maintenance and acquisition. General Atomics plans to partner with Bharat Forge for components and establish a global drone maintenance hub in India.
The Economic Times Seven companies carved out of OFB see profits soar to Rs 1,549 cr From Rs 35 crore in three Years
Seven companies formed from the old Ordnance Factory Board are now profitable three years after corporatisation. Previously, they had heavy losses. They now focus on research and development for Indian armed forces and export orders. Yantra India Limited and Armoured Vehicles Nigam Limited are among the top performers, posting substantial profits.
The Economic Times Why Indian companies are latching on to Generative AI
A Deloitte survey showed over 95% of respondents feel compelled to adopt GenAI to stay ahead in their industries.
The Economic Times GCCs in India to raise hiring 20-25% in next six months on BFSI, manufacturing push
Industry leaders anticipate a significant uptick in recruitment across various sectors, driven by both domestic initiatives and global economic dynamics. However, experts caution that several economic challenges could impact recruitment strategies.
The Economic Times India withdraws high commissioner, other officials from Canada; expels 6 Canadian diplomats
In a late evening statement, the MEA said India has asked six Canadian diplomats including Charge d'Affaires Wheelers and Deputy High Commissioner Patrick Hebert to leave India by or before 11:59 pm on October 19.
The Economic Times Inertia Steel CFO Jatin Ravindra Gaikar resigns
Gaikar cited unavoidable circumstances that made it difficult for him to continue contributing his time to the company’s affairs.
The Economic Times B-Right RealEstate names Anand Mahesh Chirania as CFO
Chirania succeeds Jinal Mukeshkumar Mehta, who will transition into the role of Head of Accounts & Compliance on the same date. Mehta has also resigned from her position as CFO, effective October 14, 2024.
The Economic Times Rita Finance and Leasing appoints Suhas Somkant Niphadkar as CFO
Niphadkar brings over 20 years of experience in the banking sector, specializing in finance, debt syndication, and securing partnerships with more than 30 banks and NBFCs.
The Economic Times Export to be major job creator as India transitions to USD 5 trillion economy: USISPF
US-India Strategic Partnership Forum President Mukesh Aghi highlights exports as a key job creator for India's $5 trillion economy goal, stressing the need for economic engagements with the US. The bilateral trade target is set at $500 billion, with current trade figures revealing a close competition with China.
The Economic Times GST on rides: CBIC gives a week’s time to ecommerce firms to give views, promises clarification
A three-member team led by CBIC chairman Sanjay Kumar Agarwal met with representatives from the app-based transportation companies at North Block in Delhi and listened to them for about 90 minutes.
