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In a statement released on October 10, Tata Consultancy Services stated that it intends to increase employment in the UK by 5,000 over the next three years through its ongoing investment and talent development initiatives. Reaffirming its long-term connection with the UK, India's largest IT services company
More than 250 workers at B9 Beverages, the firm that makes Bira 91 speciality beer, have demanded that founder Ankur Jain be fired from management and that the company's leadership be changed. The workers petitioned the company's board, the biggest lender, Anicut Capital, and significant investors,
As the 157-year-old Tata organisation, the biggest corporate conglomerate in the nation, negotiates intricate shareholder disputes and strategic choices, a number of changes within the organisation are garnering fresh attention. The firm has been embroiled in fresh scandals since the death of seasoned businessman Ratan Tata last year, involving everything
A $6 billion investment in artificial intelligence infrastructure has been launched by India's IT giant Tata Consultancy Services, marking a significant shift from its conventional services-led business model to the capital-intensive realm of AI data centres. This is one of the company's most ambitious investments to
With its latest processors now in production, Intel is taking a bold gamble by predicting that graphics chips, not dedicated neural engines, will be the key to AI computing in the future. The company's most aggressive performance boost in years, the Core Ultra series 3, codenamed Panther Lake,
A $128 million lawsuit brought by former CEO Parag Agrawal and three other senior managers who claimed they were not given severance pay has been settled between Elon Musk and the business that was formerly known as Twitter. A September 30 federal court filing that postponed litigation deadlines and the
After InGovern Research Services identified INR 4,717 crore in contested tax liabilities, ongoing royalties, and related-party transactions, LG Electronics India's INR 11,607 crore IPO (Initial Public Offering) is being investigated. The advising company added that the Korean parent will maintain 85% control after listing, noting that
The Bombay High Court last week upheld the State Bank of India's (SBI) decision to label the accounts of Reliance Communications (RCom) as "fraud" and submit Anil Ambani's name to the Reserve Bank of India (RBI). On October 3, a panel of Justices Revati
In an effort to improve the efficiency and transparency of major trade execution, the Securities and Exchange Board of India (SEBI) has released a circular for the implementation of a revamped block deal framework for stock exchanges. In order to prevent price manipulation, the block deal mechanism permits pre-negotiated agreements
According to reports, internal conflicts within Tata Trusts, the largest stakeholder in Tata Sons, have gotten so bad that the government is stepping in to help the Tata Group, one of India's largest conglomerates, deal with a governance crisis. According to sources close to the Tata Group, who
According to reports, Google intends to invest $15 billion, or around INR 88,774.2 crore, to construct a data centre cluster with a 1 GW capacity spread across three campuses in Visakhapatnam, Andhra Pradesh. According to sources cited by ET, the cluster will have three data centre campuses with
To identify and address security vulnerabilities in its artificial intelligence (AI) systems, Google has started a new incentive programme. The organisation is rewarding those who find significant flaws that have the potential to cause actual harm with incentives of up to $30,000 (about INR 26 lakh). Rogue actions—situations
As a component of the AgentKit, OpenAI has introduced the Agent Builder, which gives developers the means to create agentic processes, enhance performance, and create agents using a visual-first canvas. In a blog post announcing the capability, OpenAI stated that up until now, creating agents required balancing disparate tools, including
According to media sources, Indian IT powerhouse Tata Consultancy Services (TCS) has cancelled its post-results news conference for the second quarter profits (Q2), which was scheduled for October 9, because the date falls on the anniversary of Ratan Tata's passing. At 5:30 p.m., the press conference
Following the US government's shutdown on October 1st due to Congress's failure to adopt a budget or temporary funding package, NASA ceased the majority of its operations. NASA is “closed” until further notice, according to a notification on the agency’s website. The closure comes as
To broaden its fintech products under Zoho Payments, SaaS startup Zoho has introduced its line of point-of-sale (POS) devices, which includes an all-in-one POS device, smart POS device, and static QR with soundbox. Sridhar Vembu, a co-founder of Zoho, made the announcement on X. In order to tackle "real
After 4.5 years of operation, the fintech startup Niro, which assisted consumer internet platforms in offering embedded credit products, has closed. Investors like Elevar Equity, GMO Venture Partners, Rebright Partners, Mitsui Sumitomo Insurance VC, Innoven Capital, Alteria Capital, and CRED founder Kunal Shah supported the Bengaluru-based company, which was
The Sambhal police have stepped up their efforts against Jawed Habib, a famous hairstylist, and his family for allegedly defrauding more than 100 individuals out of crores of rupees. Nineteen fresh cases were recently filed, bringing the total number of complaints against Javed Habib and his son Anas Habib to
The Danish pharmaceutical company intends to reduce 11% of its workforce, or 9,000 positions, in order to save 8 billion Danish krone ($1.25 billion) a year. Indian workers in Bengaluru have been laid off less than a month after Ozempic manufacturer Novo Nordisk declared it was reducing its
Reliance Infrastructure Ltd. and Reliance Power Ltd.'s shares are under scrutiny on 7 October following their clarification of SEBI show-cause notifications regarding suspected violations of the SEBI Act of 1992 and the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003. Reliance Power stated in a filing
Nvidia's market dominance will be challenged by the five-year agreement as OpenAI prepares to implement AMD's new MI450 chips. OpenAI CEO Sam Altman and Advanced Micro Devices CEO Lisa Su during a hearing of the Senate Commerce, Science, and Transportation Committee in Washington in May. In
As the government looks to improve relations with the UK, India is thinking of settling its long-standing demand for billions of dollars in past-due fees from Vodafone Group Plc's struggling local business once and for all, according to people familiar with the situation. As per various media reports,
As the Spanish telecom juggernaut prepares for a comprehensive strategy overhaul in November, Telefónica is thinking of laying off up to 7,000 employees. Although the business has not yet finalised the details, a Reuters official and internal sources both say that staff reductions are being considered. On November 4,
Through a block sale valued at INR 950 Cr (about $114 million), Flipkart Investments, the investment vehicle of the e-commerce powerhouse Flipkart, is reportedly diluting its whole 6% stake in Aditya Birla Lifestyle Brands Ltd (ABLBL). Flipkart plans to sell 7.3 Cr shares at a base price of INR