Reuters Financial News

Wipro may not give hikes to "top performers with higher compensation" as salary revisions are made in December. The move will affect workers in the company's largest business line. Employees will receive their raises on December 1.

Wipro may skip giving hikes to «top performers with higher compensation» in its largest business line in the upcoming round of salary revisions in December, according to an internal memo seen by Reuters. The move comes at a time when India's No.4 software services exporter is dealing with a plethora of problems ranging from weak client spending to tough competition from larger rivals.

Reuters quoting a notice by the National Highway Traffic Safety Administration (NHTSA) on 9 November. According to details, if the driver's airbag is deployed incorrectly, it increases the risk of an injury during a crash.

Also Read: Amazon eliminates jobs in music division in new round of cuts In a call with investors, Chief Executive Officer Bob Iger said the added cost cutting will move Disney from “an era of fixing to an era of building." The company also plans to ask its board to reinstate a dividend payment to shareholders by the end of 2023, interim Chief Financial Officer Kevin Lansberry said. Walt Disney said it added nearly 7 million Disney streaming subscribers in the quarter, with the inclusion of “Guardians of the Galaxy Vol.

Asian share markets rallied on Thursday and the dollar was weaker after most U.S stocks edged higher and the S&P 500 recorded its longest winning streak in two years, with investors on high alert for signs that global interest rates have peaked. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, although up 4.6% so far this month. The yield on benchmark 10-year Treasury notes reached 4.5059% compared with a U.S.

Steve Wozniak was hospitalized in Mexico City on Wednesday due to a possible stroke, Mexican media outlets reported. The 73-year-old scientist and tech entrepreneur was scheduled to participate in a World Business Forum event in the Mexican capital's Santa Fe neighborhood.

euro was near a 15-year high on the yen and was firm against the dollar on Thursday, following hawkish remarks from European policymakers and the prospect of falling energy prices. At $1.0703 the common currency withstood a rising greenback after the European Central Bank's chief economist said he had not seen enough progress in taming inflation. Overnight, the euro touched its highest since 2008 at 161.73 yen, having broken out since the Bank of Japan left short-term rates on hold last week as investors see the pair as safer than navigating the risk of an intervention in dollar/yen. The euro is also up 0.5% this week to 87.14 pence. Ireland's central bank chief Gabriel Makhlouf said on Wednesday further interest rate hikes should not be excluded, something markets do not expect at all, while Bundesbank President Joachim Nagel said the «late mile» to the inflation target may be the toughest. «While the market has been focusing on the prospects of rate cuts from (G10 central banks) next year, many of the respective central bankers have been pushing back against this speculation,» said Rabobank senior strategist Jane Foley. «As long as inflation remains above target, policy makers are likely to want to keep alive the risk of further tightening particularly since a significant drop in market rates could worsen inflationary risks.» The unloved yen failed to get much of a boost from a fall in U.S.

Hezbollah give it the means to deliver on its leader's veiled threat against U.S. warships and underline the grave risks of any regional war, sources familiar with the group's arsenal say.

Oil prices edged up on Thursday as markets shrugged off deflationary indicators in China and looked for further clues on the status of demand from the world's two biggest oil consumers. Brent crude futures rose 62 cents, or 0.8%, to $80.16 a barrel by 0145 GMT. U.S.

By Tetsushi Kajimoto

Piyush Goyal will meet Tesla chief Elon Musk in the United States next week as the two sides look to advance the U.S. carmaker's plan to enter the South Asian market, sources familiar with the plans said. The meeting between Goyal and Musk will be the most high-profile one since the Tesla boss met Indian Prime Minister Narendra Modi in June and later said he was keen to make significant investments in the country.

Piyush Goyal will meet Tesla chief Elon Musk in the United States next week as the two sides look to advance the U.S. carmaker's plan to enter the South Asian market, sources familiar with the plans said. The meeting between Goyal and Musk will be the most high-profile one since the Tesla boss met Indian Prime Minister Narendra Modi in June and later said he was keen to make significant investments in the country. Discussions between the Musk and Goyal in the U.S. will centre around Tesla's plans to setup an Indian factory, manufacturing a $24,000 car there, sourcing more components and establishing charging infrastructure across the nation, one of the two sources told Reuters. A discussion is also likely on a new policy India is working on which will allow automakers to import fully built EVs into India at a reduced tax rate of 15%, down from as much as 100% now, if they commit to some local manufacturing. This meeting is to ensure that talks between India and Tesla «are moving in the right direction,» the person added.

France's much-debated immigration bill veered towards the right overnight as senators removed an article that would have facilitated residency permits for undocumented migrant workers in sectors struggling to find staff. President Emmanuel Macron's plans to overhaul migration legislation in France has long been delayed as it struggles to find enough support, underlining the difficulty of lacking an absolute majority in parliament. The government had tried to please the left and right with a carrot-and-stick approach that would have sped up the expulsion of illegal migrants while making it easier to obtain residency permits for those who work in sectors in high need of workers, whether it be to work in a restaurant or take part in harvests. Tuesday night's agreement — pushed by conservative and centre-right senators — could increase the likelihood of the bill passing, since it relied on votes from the right. Before that change was adopted at committee level overnight, members of the conservative Les Republicains in the National Assembly had planned to abstain on the law, a source from Macron's Renaissance party said. The lower house of parliament will have the final word on the law in December. But Tuesday's move also created tensions among the majority's ranks, suggesting debate on the bill is far from over. «They're doing as if there were no employees without documents or employers that need these skills.

Moneycontrol report said, citing one of the sources. Four other i-bank – Bofa Securities, Jefferies, ICICI Securities and Avendus Capital – are also expected to be signed as potential advisors for the much-awaited issue, another person aware of the matter told the publication. Livemint could not independently verify the development.

By Carolyn Cohn

By James Davey

Australia's second-largest internet provider, Optus, came when her cat's wifi-powered food dispenser failed to serve breakfast at 6:10 a.m. and her pet woke her. For disability pensioner Chris Rogers, who needs painkillers for a knee injury that prevents him from working, the problem became apparent when he drove 30 minutes to the pharmacist and his electronic prescription could not be filled.

rupee closed little changed on Wednesday, wedged between buoyant local U.S. dollar demand on one side and a retreat in crude oil prices and U.S.

ByteDance, the parent of short video app TikTok, is offering to buy back shares from its employees outside the United States for $160 apiece, a source familiar with the matter said on Wednesday, a plan that the company confirmed. The price per restricted stock unit is in line with an offer it made to current and former US employees in October, according to a Reuters report which said the company was looking to buy at least $300 million worth of stock at $160 per share.

(Reuters) — Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation's biggest private property developer, four people familiar with the plan told Reuters.

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