Clients are inserting a garden leave clause in new contracts and also extending the duration of such a period that requires an executive who has quit to be on the rolls but without any responsibility, according to law firms and human resource consultants. Investment banks, consultants, startups and law firms alike now include such conditions….
India’s largest IT services provider Tata Consultancy Services (TCS) had recently announced its plans to lay off 12,261 employees, or about 2 per cent of its global workforce, this year. The majority of those impacted belong to middle- and senior-level employees. Reacting to the development, Karnataka Labour Minister Santosh Lad on Thursday said that his…
MUMBAI (Reuters) -India’s central bank is unlikely to re-introduce the policy of lending money daily to banks at a fixed rate, despite increased clamour for it from market participants, three sources said on Thursday. The policy, called fixed rate liquidity operations, will help banks manage their needs better, several bankers proposed to the RBI in…
Retailers have reported muted sales volumes so far this year, while analysts don’t expect much growth in the full year, even after taking the festive bump into account. And demand for costlier devices is not enough to offset this trend. The first six months of this calendar year saw 68 million smartphones shipped to retailers,…
Starry-eyed regional-language influencers who dream about lead roles in movies aren’t having it as easy as their counterparts in the Hindi-speaking belt in making a smooth transition to films and web shows. According to experts, there’s a bias and stigma in areas such as the south, where creators aren’t considered actors and, at best, get…
IndiGo, India’s largest carrier by fleet and domestic market share, declared a profit of ₹2,176.3 crore for Q1-FY26. The results come amidst a traditionally strong quarter getting impacted by the terrorist attack in Pahalgam in April, Operation Sindoor in May and AI171 crash in June. The airline had declared a profit of ₹2,279 crore in…
Last August, when IndiGo“>IndiGo turned 18, the airline launched a business class product named IndiGo Stretch. The airline had announced that it would induct 45 aircraft by the end of 2025 and offer IndiGo Stretch on 12 metro routes within India, starting with Mumbai- Delhi, the busiest route in the country, from November 2024. The…
The proposed rules also call for inclusion of other key services such as online banking, shopping, education, and even physical stores, under the law for their use of telecom identifiers like mobile numbers, to identify or interact with users. Simply put, almost every digital service today—from chatting on WhatsApp to shopping on Amazon—uses telecom identifiers…
India is evaluating a combat drone deal with a built-in localisation blueprint—potentially marking a turning point in how the country procures and produces high-end military technology. Under a $4.5-billion emergency procurement programme launched soon after Operation Sindoor, the defence ministry is in advanced talks with US-based Shield AI to import its V-Bat combat drones for…
Bank holidays in August 2025: With the new month drawing near, we take a look at the official bank holiday schedule issued by the Reserve Bank of India (RBI) for August 2025. Overall, the month has a total of 15 listed holidays, including Independence Day, Ganesh Chaturthi and Janmashtami, besides other regional celebrations, and the…