Wall Street took a breather on Thursday, with US stocks making only modest moves near record levels while gold edged higher and Treasury yields remained largely unchanged. The S&P 500 inched up 0.1%, coming off its latest all-time high and marking eight gains in the past nine sessions. The Dow Jones Industrial Average rose 21…
TCS, which is Tata Group’s most profitable entity, had in July announced a workforce reduction of 12,261 positions. (AI image) TCS layoffs: Tata Consultancy Services, India’s largest IT services exporter, has released around 1% of its workforce, its Chief HR Officer Sudeep Kunnumal said on Thursday. Kunnumal said that around 6,000 people have been laid…
The all-India House Price Index (HPI), compiled by the Reserve Bank of India (RBI) using transaction-level data from 18 major cities, rose 3.6 per cent year-on-year in the first quarter of the current fiscal, the central bank said on Thursday.The RBI said the growth moderated compared with the 7.6 per cent increase in the same…
The Indian government is signalling a warmer reception for Chinese investment in electronics manufacturing, provided companies commit to technology transfer and local workforce training, officials said.This could improve the chances of Chinese joint ventures clearing the stricter scrutiny currently applied to investments from neighbouring countries, a ministry of electronics and IT (MeitY) official said.“The ECMS…
India is gearing up for 6G trials, with global experts at the India Mobile Congress (IMC) 2025 highlighting the country’s growing importance in next-generation network development and international collaboration. Industry leaders and researchers told ANI that India’s push in 6G research and innovation could shape the future of global connectivity.Ashutosh Dutta, Chief 5G Strategist at…
The government has moved a step closer to boosting India’s self-reliance in rare earth magnets, with a key panel approving a Rs 7,300 crore scheme to support local manufacturing. These magnets are essential for electric vehicles, wind turbines and a range of consumer electronics.The expenditure finance committee (EFC), which functions under the finance ministry, cleared…
New Delhi: Reliance Jio Infocomm chairman Akash Ambani and Airtel chief Sunil Mittal lauded govt’s efforts on boosting telecom and next-gen technologies, including deep tech and startups, and said the India Mobile Congress (IMC) brings out India’s movement towards becoming a global innovation hub.“Today we saw the whole value chain… from semiconductors, to fraud management,…
China has sought assurances from India that heavy rare earth magnets they supply will be utilised exclusively for domestic requirements. (AI image) China will export rare earth magnets to India only if it assures that they will be used for domestic needs and will not find their way to the US. Indian companies have already…
New Delhi: India needs an industrial policy that rewards productivity and performance and does not act as a permanent shelter from competition, chief economic adviser V Anantha Nageswaran said on Wednesday. “If protection is provided, it must come with quid pro quo obligations on the part of industry,” Nageswaran said at a CareEdge ratings event,…
Asian markets were mixed on Thursday as investors tried to assess the global AI-driven rally, US interest rate moves, and the continuing government shutdown in Washington.Japan’s Nikkei gained 1.29% or 614 points trading at 48,349, while HSI dipped 9 points or 0.03% to reach 26,820 at 9:30 AM IST. In India, NSE benchmark Nifty traded…