Joining the Big Tech layoff season, networking major Cisco has reportedly started laying off 5 per cent of its workforce, which is more than 4,000 employees as a part of its “rebalancing” act and “rightsizing certain businesses”. Silicon Valley Business Journal reported that many workers took to TheLayoff.com and Blind portal to post about the […]
GDP for 2022-23 projected to grow at 7.0%. Internet banking facility to be started for Regional Rural Banks’ customers. Regulation of offline payment aggregators proposed. Repo Rate hiked to 5.90% The repo rate, the rate at which RBI lends money to commercial banks, has been hiked by 50 basis points again. Considering the prevailing adverse […]
Fraudsters use illegal telecom set-ups to route ISD calls received through internet (VoIP) illegally to domestic mobile and wireline customers in India. Illegal telecom setups primarily use internet connectivity on one side and connect to domestic mobile and landline network for distribution of call which is not allowed as per regulations. Such illegal setups pose […]
‘Nothing is more religious than serving the people in need’ says Vice President Jagdeep Dhankhar. Dhankhar lauds the efforts of Bhagwan Mahaveer Viklang Sahayata Samiti (BMVSS) for their untiring efforts, Says, ‘BMVSS’ service for humanity reflects India’s civilisational ethos of sharing and caring’. The Vice President, Shri Jagdeep Dhankhar today said that “there is nothing […]
The President of India, Smt Droupadi Murmu, inaugurated the Integrated Cryogenic Engine Manufacturing Facility of Hindustan Aeronautics Limited (HAL) in Bengaluru today (September 27, 2022). She also laid the foundation stone for the Zonal Institute of Virology (South Zone) virtually on the occasion. Addressing the gathering, the President said that inauguration of the Integrated Cryogenic […]
E-commerce major Flipkart witnessed record number of shoppers at 1.6 million users per second the moment it opened the ninth edition of its ‘Big Billion Days 2022’ festive sales on Friday. Attributing the huge rush to its opening to shoppers from tier 2 and smaller cities, the number of Flipkart Plus customers using Early Access […]
Though expected a little later, Indian rupee has plunged to its lowest today touching Rs.81 per US dollar, amid gloomy prospects of markets around the world in view of a steep rise in interest rates by the US Federal reserve by 0.75 percentage points, vowing to further hike in the future. On Thursday, experts expected […]
Indian benchmark indice Sensex fell by 800 points as of 01:30 p.m. on Friday. which is at 58,314.78 points or 804.94 (1.36%) points down from the previus day, revealing the deep impact caused by the US Fed Reserve decision to hike interest rates steeply and its pledge to continue further to tame the inflation. Nifty […]
Following uproar among IT companies on many workers indulging in moonlighting, Wipro had warned against it and now took stern action firing 300 employees for moonlighting with its key rivals at the same time. Wipro Chairman Rishad Premji said in Wednesday that the “reality is that there are people today working for Wipro and working […]
Tech billionaire Elon Musk on Monday announced that Starlink, the satellite Internet division of his rocket company, is now active on all the continents, including Antarctica, connecting the entire world on one internet provision at a speed of around 50-200 Mbps. On the microblogging site Twitter, Musk wrote, “Starlink is now active on all continents, […]
Sep 17 (IANS) Aiming decriminalisation of offences, the Central Board of Direct Taxes (CBDT) on Saturday issued revised guidelines for compounding of offences under the Income Tax Act, 1961 with reference to various offences covered under its prosecution provisions. Some of the major changes made for the benefit of taxpayers include making the offence punishable under […]
Sep 16 (IANS) The British pound slumped to a 37-year low on Friday after new data showed that shoppers are pulling back spending as inflation squeezes household budgets, underscoring fears that the economy may already be shrinking, media reports said. The currency fell below $1.14, its lowest since 1985, after the Office for National Statistics said […]
Equities market was falling sharply on Friday during the afternoon trade due to heavy sell-off in IT, PSU Banks, Auto stocks following weak Asian markets on concerns of global recession, dealers said. At 2.10 p.m., Sensex was down 1050.03 points or 1.75 per cent at 58,883.98, and Nifty was trading 326.56 points or 1.83 per […]
Indian billionaire Gautam Adani has now become the world’s second richest man, replacing Bernard Arnault on the Forbes list with a net worth of $155.5 billion. The revised Forbes Real Time Billionaires List says Adani’s net worth rose by $5.2 billion, or by 3.49 per cent and slidly ahead of French tycoon Bernard Arnault and […]
New Delhi, Sep 16 (IANS) After six stressful and tough learning months, Byju Raveendran is back in the game, consolidating the loss-making acquisitions like WhiteHat Jr and optimising the rest, while doubling down on opening more physical tuition centres. According to him, “the worst is finally over” and there is only “growth ahead” as seen in […]
New Delhi, Sep 16 (IANS) Aiming to facilitate the ease of doing business and reduce compliance burden on small companies, the Ministry of Corporate Affairs has revised the threshold for paid up capital for such companies. The government has taken several measures in the recent past towards ease of doing business and ease of living for […]
Washington, Sep 16 (IANS) The Lina Khan-led Federal Trade Commission (FTC) in the US has announced a new policy to tame gig economy companies and platforms in order to protect all kinds of delivery partners/online cab drivers from unfair contracts, pay and hours. The FTC approved a new policy by a 3-2 vote, saying that “protecting […]
Hong Kong, Sep 16 (IANS) Chinese conglomerate Tencent has laid off all of the editorial staff at Fanbyte, an online gaming publication owned by it. Some of the staff members at Fanbyte posted their ordeal on Twitter, saying the website’s editor-in-chief, head of media, features editor, social editor, news editor, graphic designer, podcast producer and […]
Chandigarh, Sep 16 (IANS) The Indian Railway Catering and Tourism Corporation (IRCTC), a public sector undertaking under the Ministry of Railways, is causing loss to the exchequer by not issuing invoice to the consumers for eatables sold within trains, a tax consultant said on Friday. In a letter to Union Finance Minister Nirmala Sitharaman, Chandigarh-based tax […]
An Ahmedabad citizen got a lottery of not a few hundreds or lakhs, but Rs 11,677 crore in his demat account only to be taken back in a few hours. The money was in his account for more than eight hours. Ramesh Sagar has been investing in the stock market for the last five to […]