Business
Morgan Stanley has laid off around 3 percent of its global workforce, affecting approximately 2,500 employees across various divisions. The move comes as the global investment bank adjusts its workforce amid changing market conditions and shifting business priorities. Morgan Stanley Layoffs Affect Around 2,500 Employees The layoffs impact roughly 2,500 employees worldwide,
Business Markets
Sensex Falls 1,600 Points, Nifty Below 24,700 Indian equity markets witnessed a sharp sell-off, with the Sensex plunging more than 1,600 points and the Nifty 50 slipping below the 24,700 mark during intraday trade. Broad-based losses were seen across sectors as investors reacted to global cues and profit-booking pressure. Sensex Tanks Over 1,600 Points The […]
Business
Infosys co-founder Narayana Murthy has said artificial intelligence (AI) will expand employment opportunities rather than reduce jobs, emphasising the technology’s role in enhancing productivity and creating new roles across sectors. His remarks come amid global debate over AI’s impact on the future of work. Narayana Murthy Says AI Will Create Jobs Mr Murthy stated that
Business Markets
Foreign Portfolio Investors (FPIs) turned net buyers in the Indian stock market in February, marking a notable shift after months of outflows, with inflows reaching their highest level in over a year. Despite this return of foreign capital, broader market sentiment remained cautious amid persistent volatility. FPIs Turn Net Buyers In February Data from market […]
Industry
Prime Minister Narendra Modi will inaugurate Micron Technology’s semiconductor Assembly, Test and Packaging (ATMP) facility in Sanand, Gujarat, marking a major milestone in India’s push to strengthen domestic semiconductor manufacturing under the India Semiconductor Mission. PM Modi Inaugurates Micron ATMP Facility In Gujarat The Prime Minister is scheduled to formally
Business
Tata Consultancy Services (TCS) is encouraging employees to adopt artificial intelligence tools across operations, even as the technology has the potential to reduce traditional revenue streams, Chief Executive Officer K. Krithivasan said while outlining the company’s long-term strategy. TCS Encourages Employees To Adopt AI Tools Krithivasan said TCS is actively promoting
Business
Prime Minister Narendra Modi has laid the foundation stone for a major semiconductor manufacturing facility being set up by HCL and Foxconn in Uttar Pradesh, marking a significant step in India’s push to strengthen domestic chip production and reduce import dependence. HCL Foxconn Semiconductor Unit In Uttar Pradesh The project, valued at around ₹3,700 crore, […]