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Mumbai/New Delhi: High employee expenses have prompted information technology (IT) companies to defer onboarding and promotions to initiate strict cost control measures. A weak deal pipeline and poor visibility for the next couple of quarters has compelled Tata Consultancy Services (TCS), HCL Technologies and Wipro to set minimal hiring targets. A Mint analysis found that in the first quarter of the financial year, wage costs as a share of revenue increased for all three companies to a record high in the last at least five years.

second spotcontinued between Hyundai Motor and Tata Motors.     This was a particularly rainy week in northern India, with loss of lives and property reported in multiple states, especially the hills.Delhireceived 40% of its seasonal rainfall in just a two-day period. Till 30 June, the monsoon deficit for the entire country was 10% of the long-period average.

₹9.25 crore nett on its opening day and went on to make around ₹80 crore overall. Also read: Tom Cruise's Mission Impossible advance booking surges in India, may be his biggest opener; Check details here Alongside Tom Cruise and Hayley Atwell, the movie features Pom Klementieff, Ving Rhames, Simon Pegg, Rebecca Ferguson, Vanessa Kirby, and Henry Czerny.

State Election Commission (SEC) has announced repolling in 20 Panchayat Constituencies today. But, the date of re-polling is yet to be announced. Constituencies which will undergo re polling as per the SEC notification are 15 in Howrah’s Sankrail, one in Singur and four in North 24 Parganas district’s Habra. In order to investigate the violence during panchayat polls, a five-member Fact Finding team went to Raj Bhawan to meet Governor C V Anand today and visited South 24 Parganas district’s Basanti to met the victims of poll violence. Governor and Chief Secretary H K Dwivedi held separate meetings with senior BSF officials today to discuss the ongoing situation in the state. In order to curb violence, it was decided that there will be three nodal officers in every district-Police Superintendent, District Magistrate and a BSF Nodal officer. Following BSF’s decision to keep one nodal officer in every district, BSF will soon share the numbers of the nodal officers in each district.

Siddaramaiah on Thursday said the state government will purchase 4,000 buses for the Karnataka State Road Transport Corporation (KSRTC) and recruit 13,000 drivers, conductors and mechanics. During the discussion in the State Assembly on the motion of thanks to Governor Thaawarchand Gehlot's address to the joint session of the Karnataka Legislature on July 3, the chief minister said, «The KSRTC's 'income' has increased ever since the 'Shakti' scheme offering free travel to Karnataka women in non-luxury government buses started on June 11.» «The state government will bear the expenditure met by the KSRTC on Shakti scheme. Rs 2,900 crore will be needed for the scheme in the next nine months, which we will give,» Siddaramaiah said.

IN ITALY, THEY have a saying about family-run companies, shared by an Italian winemaker I know: “The first generation builds it, the second maintains it and the third destroys it." I’m happy to report that under the stewardship of this winemaker and his sister—the second generation to run their winery—his family business is flourishing. How do some families fit the personal with the professional to create successful intergenerational businesses, while others do not? I talked with three prominent California wine families who seem to have figured it out. Ramey Wine Cellars, Healdsburg It was never a given that David Ramey’s children, Claire and Alan, would take over the family winery.

ICC with an aim to achieve prize money parity by 2030 on Thursday announced equal prize money for both the men’s and women’s teams at ICC events while also making changes to the over-rate sanctions in Test cricket. The recent decision by the council means that the teams will now ‘receive equal prize money for finishing in similar positions at comparable events as well as the same amount for winning a match at those events.’ The new decision will be applicable from the next cycle of events of ICC where same prize money to men's and women's champions and runners-up teams will be given at the global events. ICC has been increasing price money over the years. The amount that winners and runners-up of ICC Women's T20 World Cup 2020 and 2023 received was five times the amount they did in 2018. The prize money for the ICC Women's Cricket World Cup 2022 rose to $3.5 million from the $ 2 million that was awarded for winning the cup in England back in 2017.

equality and empowerment". In the last 50 over men's World Cup, champions England had received $4 million while runners-up New Zealand received $2 million.

When ChatGPT burst on the scene in November 2022, with 100 million users in the first two months, Generative AI went from niche to mainstream. That said, there is still a good deal of confusion about what generative AI is, what it does, and what it all means. In addition, the technology is evolving rapidly.

A financial planner in Cleveland has pleaded guilty to charges of conspiring to defraud the United States and filing a fraudulent tax return. The advisor in question, Rao Garuda, was implicated in an illegal scheme known as the Advanced Legacy Plan or the Ultimate Tax Plan.

By Steve Holland and Essi Lehto

Twitter wants a federal court to end an order imposed by the Federal Trade Commission that limits its data security practices

House Republicans who say the Federal Trade Commission has been overzealous and politicized under President Joe Biden are interrogating agency head Lina Khan

Federal Trade Commission that limits its data security practices. The FTC has been watching the company for years since Twitter agreed to a 2011 consent order alleging serious data security lapses. But the agency's concerns spiked with the tumult that followed Elon Musk's Oct 27 takeover of the company.

renewable energy (RE) installations in FY24 are to be around 20 GW, led by the solar sub-segment, CareEdge Ratings said on Thursday. This is based on the healthy pipeline of over 55 GW assets under development. The subsequent year is expected to see installations of 25 plus GW, leading to a cumulative increase of 45 GW over the next two fiscal, the rating agency said in a sectoral note. The solar sub-segment is expected to lead the way in terms of installations, followed by wind and hybrid capacity. The commercial and industrial segment is also expected to contribute significantly to future capacity additions. These projections are based on the government's commitment to ensuring the bidding of approximately 50 GW of annual capacity for the next five years to facilitate the achievement of the target of 500 GW capacity through non-fossil fuel sources by 2030. This will require annual RE installations to exceed 40 plus GW. The trajectory for FY24 includes 10 GW of wind capacity and 40 GW collectively from solar, hybrid, and storage-based capacity. Additionally, key states like Gujarat, Maharashtra, and Karnataka, among others, are actively conducting state-specific auctions to support further capacity additions.

Officials say that record monsoon rains have killed more than 100 people in northern India over two weeks

Cristiano Ronaldo has invested an unannounced amount of money in second luxury watch company Chrono24 GmBH. Its significance can be understood by the fact that the other known personal stakeholder is Louis Vuitton chairman Bernard Arnault. Chrono24 GmBH was valued at more than USD 1 billion in 2021 and it has more than 5,00,000 luxury watched for sale.

U.S. officials have approved the first over-the-counter birth control pill, a major change that will broaden access for women and teenagers

Icra said, indicating continued revival of the Indian aviation market. While domestic air traffic in June was around 5% lower sequentially, it witnessed a year-on-year growth of 19%.

Former Mozambique finance minister Manuel Chang has been extradited to the U.S. to face a fraud and corruption trial over a $2 billion scandal involving fraudulent government loans

A popular online influencer has been arrested in Dubai over a satirical TikTok video in which he portrays a brash Emirati on a spending spree inside a luxury car showroom