London-headquartered bank has announced plans to cut more than 15% job roles by 2030 as it scales usage of artificial intelligence (AI) to streamline processes, Bloomberg has reported. The are…
Category: Companies
Indian Oil posts 56% jump in Q4 profit to Rs 11,377 crore on strong margins
Indian Oil Corporation Ltd (IOC) on Monday reported a 56 per cent jump in its March quarter net profit, aided by healthy marketing and refining margins before the full impact…
Tata Steel rules out joint ventures in India, bets on solo expansion for better control
Tata Steel Ltd will add capacity on its own in the Indian market as opposed to striking joint ventures, the company’s top management said, taking a divergent route from its…
Jaguar Land Rover shrinks board, shifts operational power to executive committee
New Delhi: With a new captain at the helm, struggling British luxury carmaker Jaguar Land Rover (JLR) has shrunk its board of directors from 11 members to three and shifted…
Back to WFH? India Inc responds to Modi’s fuel-saving appeal
India’s largest employers have revived or expanded work-from-home (WFH) policies following Prime Minister Narendra Modi’s call to reduce fuel consumption and conserve foreign exchange amid a West Asia crisis that…
TCS raises salaries, ties monthly performance pay to office attendance
Bengaluru: Tata Consultancy Services Ltd’s decision to award hikes of up to 6% to top performers should have sparked jubilation. Instead, revised compensation letters show changes that link work-from-office to…
Office Reits eye AI-resilient, GCC-driven tenant portfolios, acquisitions to expand
Bengaluru: India’s listed office real estate investment trusts (Reits) are building artificial intelligence-resilient, GCC-driven tenant portfolios as they focus on expansion through acquiring premium assets and increasing occupancy in FY27.…
The New York Times sues the Pentagon a second time over Hegseths media restrictions
The New York Times sued the Defense Department on Monday for the second time in five months, arguing that a requirement that journalists be escorted while on Pentagon grounds violates…
Delta to Prioritize Global Expansion Over Domestic Transactions
(Bloomberg) — Delta Air Lines Inc. Chief Executive Officer Ed Bastian said he’ll sit out consolidation in the US aviation market and instead focus on expanding abroad through partnerships, even…
Adani Enterprises to pay $275 million settlement to the US treasury for buying Iranian gas
Mumbai: Adani Enterprises Ltd (AEL) on Monday said it has reached a $275 million (about ₹2,650 crore) settlement with the US Treasury for purchasing $192 million worth of sanctioned Iranian…