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Tata Consultancy Services or TCS -- as we know it – has been hit by a job scam. It has fired six employees after it was found that they received favours from staffing firms to recruit temporary employees. Six staffing firms too have been banne
Byju’s has been in the news for a while now. Its co-founder and CEO Byju Raveendran is busy fighting battles on several fronts -- from trying to come out with its financial statement on time to winning the faith of investors and employees. The
The Ministry of Finance on Wednesday extended the deadline for the implementation of a new rule that mandated 20 per cent tax collected at source on foreign remittances. The increase in the TCS rate from 5 per cent, which was set to kick in on
The proposed merger of Air India and Vistara has flown into rough weather. It has attracted the glare of antitrust regulator CCI -- which has asked Air India to explain why this merger should not be probed. It comes mere months after Tata Sons
Go First has secured lenders’ approval for interim funding of 450 crore rupees. With this, the grounded airline -- which has filed for bankruptcy -- may come to the runway again. But will it finally take off from the runway? Go First’s retu
After a late onset, monsoon seems to be finally making good time. It has covered almost 80% of the country -- arriving in Delhi and Mumbai at the same time. While the rains are again giving the civic bodies a tough time, the policy makers are
Byju’s juggernaut has come to a grinding halt. Just over a fortnight after it missed its interest payment on the 1.2 billion-dollar loan and took the lender to a court, its auditor has quit. Deloitte -- which was vetting Byju’s book for the la
A recent meeting between Prime Minister Narendra Modi and Tesla CEO Elon Musk has rekindled hopes of electric vehicle maker’s entry into the Indian market. And in Musk’s own words, the Texas-based company will be in India “as soon as humanly p
India overtook the United Kingdom to become world’s fifth largest economy last year. And it is projected to grow at a rate of over 6% in the coming decade. So like others, Indian airlines too are racing to tap the demand from growing ranks of
The average daily sales of electric-two wheelers slipped into slow lane in June, as the withdrawal of subsidies and the resultant jump in prices apparently forced customers to slam brake on the electric-2 wheeler purchase. So what is the road
Cyclone Biparjoy has weakened. But not before wreaking havoc in Gujarat and parts of Rajasthan. While there was no loss of life reported, normal life has been hit hard. Biparjoy has dealt a big blow to the coastal economy. With the frequency a
After hitting sky-high levels on busy routes, airfares have reportedly come down considerably in the last few days. Thanks to government intervention, which had on June 5 asked airlines to “self-monitor” the ticket prices. The prices had skyro
The Centre’s production-linked incentive, or PLI scheme, which seeks to incentivise manufacturing in India by providing fiscal stimulus, seems to have run into problems. The government is reportedly planning to hold a first-of-its-kind meeting
Media baron Subhash Chandra’s rise wasn’t meteoric. It was slow, and carefully crafted. From being a school dropout, he went on to set up India’s first private satellite TV channel -- the Zee TV, which reportedly reaches out to 1.3 billion peo
Generative artificial intelligence has become the watchword across the world. Big firms in countries like the US and China have been investing billions of dollars annually in the AI space. And the generative AI fever has India’s tech start-ups
The genie is out of the bottle now. And it is getting bigger. Since the benefits outweigh the risks, big corporations may not be interested in putting it back. But globally, the chorus for regulating generative artificial intelligence is getti
Byju’s -- India’s most valued start-up -- is in the news, yet again. It has defaulted on payment of $40 million to lenders in the US, and is reportedly effecting another round of lay-offs. US-based asset manager BlackRock too has slashed its v
The Reserve Bank of India’s Monetary Policy Committee decided to keep the benchmark lending rates unchanged for the second consecutive meeting. While Governor Shaktikanta Das appeared bullish on growth and also lowered inflation projections ma
India’s passenger vehicle segment is facing a strange situation. While big and swanky cars are zooming out of the showrooms, the smaller ones, it seems, are piling up with wholesale dealers. Inventory levels have soared to 45 days -- up from a
The government came out with the National Electricity Plan last week. It says that India’s power generation capacity will touch 900 gigawatts by the end of this decade -- in line with the rising demand. But it also wants a rejig in the country
On June 4th, two days after a three-train crash resulted in 275 deaths and 1,175 injuries in Odisha’s Balasore district, the Ministry of Railways recommended an investigation by the Central Bureau of Investigation into the incident. A railways
India has reopened the window for applying to its ambitious chip-making plan after the three aspirants failed to qualify for the financial incentives. And it has also tweaked the old scheme -- extending incentives for wafers of all sizes. So w
Indian banks are on a roll. The cumulative profit of government banks has soared 57% in FY 23 from the last fiscal to breach the one trillion-rupee mark. And the net profit of private lenders shot up by 23% YoY. The bad loan burden -- which h
Indian economy grew by 6.1% in the final quarter of financial year 2023 -- nudging the overall growth rate to breach the 7 per cent mark. But what led to this surprise buoyancy in the GDP numbers during the March quarter? And what are the key
IPL 2023 finally came to an end on May 29, with the Chennai Super Kings clinching its fifth win. The latest edition was remarkable for several records broken and milestones established on field. But off the field too, the massive viewership nu
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