Layoffs across the United States are expected to intensify this month, with nearly 95 employers planning job cuts in July, according to data from WARNTracker.com, cited by ET. The mass layoffs span a wide range of industries including tech, retail, healthcare, delivery, pharmaceuticals, and manufacturing, with thousands of jobs on the line.Companies are required to…
The legal battle revolves around TriZetto, a healthcare software platform acquired by Cognizant in 2014. The Infosys vs Cognizant fight is getting uglier by the day. But why are the two IT sector giants locked in a battle or employees in the US? In an ongoing legal dispute between the two IT companies, Infosys has…
The cryptocurrency market traded largely lower on Tuesday, with Bitcoin hovering just under $107,000 as investors stayed cautious ahead of the July 9 US tariff decision.As of 11:50 am IST, Bitcoin was down 1.2% at $106,984 after touching an intraday high of $108,317. Ethereum declined 1.7% to $2,460. The global crypto market capitalisation fell 1.12%…
US Federal Reserve Chair Jerome Powell on Tuesday stressed the importance of political neutrality for the central bank, amid renewed pressure from President Donald Trump, who has criticised the Fed for not cutting interest rates more aggressively this year.Speaking at a central banking conference in Sintra, Portugal, hosted by the European Central Bank, Powell said:…
HDB Financial Services, the non-banking finance arm of HDFC Bank, will make its stock market debut on Wednesday with grey market activity indicating a strong listing. According to ET, the grey market premium (GMP) stood at Rs 67 as of Tuesday, suggesting a listing price of Rs 807, about 9% higher than the IPO’s upper…
US stocks drifted lower Tuesday as Wall Street’s recent momentum slowed and shares of Tesla tumbled sharply amid an escalating rift between Elon Musk and President Donald Trump.The S&P 500 slipped 0.3% and appeared on track to break a three-day winning streak that had carried it to record highs. The Dow Jones Industrial Average dipped…
Tata Sons has inducted Indian Hotels CEO Puneet Chhatwal and Tata Consumer CEO Sunil D’Souza into the board of Tata Digital, a strategic move aimed at bolstering consumer business expertise across the conglomerate’s digital ventures. The reshuffle follows the departure of Tata Digital MD and CEO Naveen Tahilyani in May, after just over a year…
NEW DELHI: India’s gross Goods and Services Tax (GST) collection for June stood at Rs 1.85 lakh crore, recording a 6.2% increase over the same month last year, according to data released by the finance ministry on Tuesday.The June figure, however, represents a dip compared to previous months in FY26, when GST mop-up hit a…
The Sensex and Nifty have shown positive performance for four successive months. (AI image) India’s benchmark Sensex has witnessed an exceptional increase of 12,000 points within three months resulting in a Rs 72 lakh crore rally. The remarkable 17% increase from April 7’s low of 71,425 has driven markets near their peak levels again. The…
Representative image (Picture credit: AP) Asian equities edged up on Tuesday while oil prices continued their decline amid uncertainty over US tariffs and expectations of increased crude supply by OPEC+. Investors remained cautious ahead of a crucial US Senate vote on President Donald Trump’s massive tax-and-spending bill and upcoming labour market data.As per news agency…