Business
TCS Suspends Staff As Nashik Probe Deepens Tata Consultancy Services has suspended employees under investigation in the Nashik case as police widen their probe into allegations of sexual exploitation, workplace harassment and forced religious conversion. The case has drawn major public
Business Finance
HDFC Bank Credit-Deposit Gap Widens In Q4 HDFC Bank’s provisional business update for the quarter ended March 31 showed loan growth continuing to outpace deposit growth, widening the gap between advances and deposits. The update pointed to steady credit expansion, but also highlighted the continued need for stronger deposit mobilisation as the bank heads into […]
Business
Oracle Cuts Jobs In India Amid AI Restructuring Oracle has reportedly laid off around 10,000 employees in India as part of a wider global restructuring drive, with the cuts linked to cost pressures and slower-than-expected returns from its artificial intelligence push. The move is being seen as one of the biggest recent workforce reductions in […]
Markets
Oil Jumps, Asian Stocks Fall On Iran Threat Asian markets fell and oil prices climbed sharply after US President Donald Trump said Washington would continue hitting Iran “extremely hard”, raising fears of a deeper conflict and prolonged disruption in global energy flows. The remarks unsettled investors across the region, with traders reacting to the prospect
Business
KPMG is preparing to cut almost 600 jobs in the UK as the firm responds to a prolonged slowdown and unusually low staff turnover in parts of its business. The move reflects continued pressure in the professional services sector, where weaker market conditions have reduced hiring momentum and forced firms to reassess workforce size. KPMG […]
Finance
The Reserve Bank of India has capped banks’ net open positions in the rupee at $100 million in the onshore deliverable market, in a move aimed at containing currency volatility after the rupee fell to a record low against the US dollar. The step comes as pressure on the Indian currency has intensified amid higher […]
Business Markets
Asian stock markets fell on Friday as uncertainty over the Iran conflict kept investors cautious, although some indexes recovered part of their earlier losses as oil prices eased slightly and hopes of de-escalation improved later in the session. South Korea remained under the most pressure, with semiconductor stocks leading the decline. Asian Stocks Fall Amid […]
Business Industry
The textile industry has welcomed the Centre’s decision to restore full RoDTEP benefits, calling it a major relief for exporters facing pressure from weak global demand, higher logistics costs and uncertainty in overseas markets. The move reverses the earlier reduction in export incentives and is expected to improve competitiveness for textile units, especially in large