Financial Times writes about proposed Halting International Relocation of Employment (HIRE) Act in US which will 'affect prospects of' Indian giants such as TCS & Infosys.
It's not just the pay, the entire business model of IT services firms has come into question, with TCS announcing the elimination of 12,000 jobs to focus on AI-driven strategies.
After making headlines as 'Bulldozer Baba', Yogi seems more focused on the economy in 2nd term. Economic Advisory Group has brought together industrialists, economists, entrepreneurs.
It’s easy to beat up on the corporates. But a society that does not give its entrepreneurs, wealth & jobs creators love and respect, is doomed to be frozen in a low-middle-income status.
Companies treat layoffs as a cost-cutting instrument to boost performance and expect to be rewarded by stock markets. But evidence contradicts this notion.
Infosys' move comes after rival Tata Consultancy Services said it planned to train 25,000 engineers to get them certified on Microsoft's Azure Open AI.
The deal is valued at $454 million for five years with an option to renew for one additional year for a maximum of three times, Infosys said in a statement.
By consolidating 29 laws into four codes, compliance is streamlined and regulations are simplified, improving “ease of doing business”. This is bound to improve investor confidence.
UP govt had received investment commitments of Rs 4.28 lakh crore during the investors summit in 2018, and Rs 33.5 lakh crore during the global investors summit in 2023.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
COMMENTS