Microsoft confirms global layoffs, but not in India this time: Report
The Hindu
Microsoft is carrying out job cuts but employees in India will not lose their jobs in this round, reported The Hindu Businessline.
Microsoft is carrying out job cuts in offices around the world, but employees in India will not lose their jobs in this round, reported The Hindu Businessline.
Microsoft’s job cuts in the first month of 2025 are related to employee performance, with the company taking action against those who are falling short of expectations, reported CNBC, citing a Microsoft spokesperson.
Meannwhile, Puneet Chandok, President, Microsoft India and South Asia, told The Hindu Businessline that jobs were not being cut in India, and that more jobs were actually being created in the country.
The layoffs are set to affect fewer than 1% of Microsoft’s employees, reported CNBC, citing an anonymous source.
Microsoft CEO Satya Nadella visited India this month, where he met with Prime Minister Narendra Modi and announced a $3 billion investment in the country to strengthen AI and cloud infrastructure.
Sensex and Nifty rebound in early trade after sharp decline, with HCL Tech earnings disappointing investors.
Rupee appreciates against dollar on positive inflation data and easing crude oil prices, supported by domestic equity markets.
Chinese and Indian refiners adapt to U.S. sanctions on Russian oil, seeking alternative supplies from Mideast and Africa.
Union Agriculture Ministry extends soybean procurement deadline for Maharashtra, Rajasthan, and Telangana, with increased targets and state cooperation emphasized.
HCLTech reports 5.5% rise in Q3 net profit to ₹4,591 crore, revenue grows 5.1% to ₹29,890 crore.
Maharashtra CM Fadnavis establishes soybean procurement mechanism, extends deadline, emphasizes agro hubs, onion storage, and market committee reclassification.
India's net direct tax collections growth slows slightly to 15.88% in January, with gross tax receipts at ₹20.64 lakh crore.
Congress leader Jairam Ramesh mocks PM Modi for rupee depreciation in X post, highlighting fall from ₹58.58 to ₹86.
India's retail inflation drops to 5.22% in December 2024, with food inflation at 8.4%; top items with highest inflation listed.
Microsoft is carrying out job cuts but employees in India will not lose their jobs in this round, reported The Hindu Businessline.
China's exports surge ahead of potential US tariffs, boosting trade surplus and showcasing growth in high-tech manufacturing.
Rupee hits all-time low against dollar as RBI intervenes to support currency amid Fed rate cut expectations.
Sensex and Nifty plummet due to global trends, foreign fund outflows, Brent crude rise, and strong US jobs data.
Rupee hits lifetime low against dollar amid global cues, oil surge, and foreign capital outflow, impacting Indian markets.
India’s record-breaking capital-raising spree will continue in 2025 given the strong pipeline of firms looking to go public, the head of the country’s oldest exchange told Reuters.
Discover why PPF remains crucial in goal-based portfolios despite changes in tax regime and deduction limits.
Indian tech firms capitalise on policy changes to localize hardware and software, with CloudPhotonix and DigiBoxx leading the charge.
Two-wheeler fatalities rose by 8% in 2022, claiming almost 75,000 lives or 44% of the over 1.68 lakh accident deaths that year; India logs highest number of road accidents globally.