Zoho founder Sridhar Vembu BENGALURU: Zoho founder and CEO Sridhar Vembu cautioned software professionals against assuming continued dominance in the job market, warning that emerging technologies like large language models (LLMs) and advanced development tooling could “destroy a lot of software jobs.” In a post on X, Vembu said, “The fact that software engineers get…
NEW DELHI: Indian govt’s retaliatory move to restrict import of ready-made garments (RMG) from Bangladesh via the land route is expected to increase logistics costs and transit time for the products which account for around a third of shipments from India’s neighbour in the east.While it takes only two-three days for apparel produced in Bangladesh…
MUMBAI: The trading pattern of foreign fund managers, developments on India-US trade deal, direction of the rupee-dollar exchange rate after Moody’s downgrade of US’s credit rating on Saturday, and quarterly numbers from large corporates will dictate the direction of the domestic market in the new week.The previous week saw a strong rally in largecap stocks…
NEW DELHI: Tata Steel aims to cut costs by Rs 11,500 crore across its global operations over the next 12–18 months, focusing on controllable expenses, Executive Director and CFO Koushik Chatterjee said during a post-earnings analyst call.Building on structural cost savings of Rs 6,600 crore achieved in FY25, the company is intensifying its cost transformation…
NEW DELHI: DIAL, the Delhi airport operator, has divested its complete 50 per cent ownership in Delhi Aviation Services Pvt Ltd (DASPL) to Bird Flight Services (India) Pvt Ltd for nearly 13 crore. DASPL held the concession for operating bridge-mounted equipment at Terminal 3 of Indira Gandhi International Airport (IGIA), including ground power units, pre-conditioned…
US Treasury Secretary Scott Bessent (File photo) NEW DELHI: US Treasury Secretary Scott Bessent on Sunday dismissed Moody’s decision to downgrade the country’s credit rating, calling it “a lagging indicator” and attributing the development to fiscal policies under the Biden administration. Speaking on CNN, Bessent said the downgrade, which stripped the US of its final…
In recent weeks, several multinational corporations across sectors, from technology and cybersecurity to fashion and consulting, have announced significant job cuts, impacting tens of thousands of workers globally.These layoffs are being driven by structural overhauls, cost-cutting strategies, and a sharper focus on profitability. Together, they signal a broader industry shift toward consolidation, leaner operations, and…
A breakthrough in US-China trade talks in Geneva has brought some hope for China’s battered manufacturing sector, but the damage may have already wrecked many factory workers, as the job market remains tight.Tensions in the trade war have relaxed, sparing Beijing from a potentially severe crisis, widespread job losses that could have threatened social stability,…
AI-generated image (Made from Bing image creator) NEW DELHI: Stock markets are expected to be primarily influenced by corporate quarterly reports, foreign fund activity and worldwide market trends this week. Global trade agreements and their market impact will also be under close observation.Last week, the BSE benchmark index increased by 2,876.12 points or 3.61 per…
NEW DELHI: Among the top 10 valued companies, nine witnessed a combined increase of Rs 3.35 lakh crore in market valuation during the previous week, aligning with positive market sentiment. Reliance Industries led the advancement, whilst Bharti Airtel was the sole decliner. The benchmark BSE Sensex surged 2,876.12 points, or 3.61 per cent, over the…
