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Quess Corp's global headcount has topped 600,000, putting it in the same league with global staffing behemoths Adecco, Randstad and Manpower, and software services giant Tata Consultancy Services in terms of number of employees. The Bengaluru-headquartered firm, which offers staffing, workforce management and technology outsourcing services, ended the June quarter with an employee count of 597,000. Since then, it has added at least 6,000 workers, chairman Ajit Isaac told ET. “We are among the largest globally in headcount and perhaps the youngest to achieve this in a span of 17 years,” he said.

Tencent Cloud Europe B.V. sold shares of PB Fintech worth Rs 1,668.15 crore in a block deal on BSE on Thursday. The entity sold 97 lakh shares at Rs 1,719.75 apiece. As of June 30, Tencent Cloud Europe B.V. held a 4.26% stake in the company. Axis Mutual Fund, Mirae Asset MF, Marshall Wace Investment Strategies Eureka Fund, SBI MF and Goldman Sachs (Singapore) PTE-ODI were among some of the buyers.

IT services firm HCLTech is looking to diversify risks and unlock new revenue streams, by expanding its presence in markets such as India, Africa and the Middle East. HCLTech outlined its growth strategies to more than 100 analysts who attended an ‘Investor Day 2024’ meet hosted by the company in Mumbai on Wednesday. The company also highlighted its strength in engineering, research & development (ER&D), and plans to leverage increasing semiconductor demand, expand market participation in focus areas and new frontier markets, and grow within its top current and potential clients, some of the analysts who attended the event said. “The company wants to tap high-potential regions and expand, amid the ongoing slowdown in the core American markets denting business over the past five-six quarters,” one of the analysts said on the condition of anonymity. “HCLTech spoke of improving the mix of verticals and geographies, gaining of market share, organic development of digital skills, its clients’ cloud migration activities and inorganic augmentation of capabilities.”

Apple is in talks to invest in OpenAI as part of a new fundraising round that would value the ChatGPT maker above $100 billion, Wall Street Journal reported on Thursday, citing people familiar with the matter. The news comes a day after the Journal reported that venture-capital firm Thrive Capital would invest around $1 billion in OpenAI, leading the funding round. Apple and OpenAI did not immediately respond to Reuters requests for comment, while Thrive Capital and Microsoft declined comment.

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The biggest meme coin on The Open Network (TON), $DOGS, rallied 21% in the early hours today, after news yesterday that Telegram CEO and Toncoin creator Pavel Durov was released on €5 million bail by French authorities.

iPhone 17 Pro Max could be its impressive 12GB of DRAM, a significant enhancement over the 8GB RAM that will be featured across the other 2025 iPhone models, such as the ultra-slim iPhone and the iPhone 17 Pro. This increase in memory is expected to significantly boost the device's on-device AI capabilities, making it an attractive option for users who prioritize high-performance smartphones.

French President Emmanuel Macron starts a two-day state visit to Serbia, with the focus on the possible sale of 12 Rafale multi-purpose fighter jets to the country, which has maintained close ties to Russia despite its invasion of Ukraine

Motilal Oswal Financial Services, L&T Tech’s new strategy may not alter its growth path in the short term, but it could open up new avenues for growth, especially in hitherto weak areas such as mobility—a fast-growing segment for its peers. Against this backdrop, the company’s renewed strategy is a step in the right direction. However, the targets seem ambitious.

quick commerce space continues to see new entrants as more and more companies try to snag a piece of the pie. Ecommerce majors Amazon and Flipkart, and mobility major Ola are among those that are planning to enter the segment even as existing players like Zomato-owned Blinkit, Zepto and Swiggy’s Instamart continue to strengthen their play. Take a look at some of the recent developments in the quick commerce segment in India: Amazon India set to launch quick commerce: Amazon is all geared up to enter the buzzing quick commerce segment in India. The ecommerce major will likely launch its offering in the first quarter of the next year and has entrusted Nishant Sardana, who was heading the PC, audio, camera and large appliances business at Amazon India with the the responsibility of developing its quick commerce strategy, people in the know said.

RIL AGM Highlights 2024: At the 47th Annual General Meeting (AGM) of Reliance Industries Ltd (RIL), shareholders are bracing for key announcements that may impact the conglomerate’s future growth trajectory. The meeting, widely watched for its impact on market sentiment, could reveal important updates across RIL's diversified business sectors, including telecom, retail, oil, and new energy. The spotlight will likely be on Reliance Jio, with expectations centered on its monetisation efforts following a recent tariff hike and the completed rollout of 5G services across India. Jio has been a driving force for RIL’s growth, and investors are keen to hear about new targets, partnerships, and strategies for maintaining its momentum. RIL’s AGM has traditionally been a platform for major announcements. Last year, the company unveiled a comprehensive five-year succession plan, placing Mukesh Ambani’s three children at the helm of different business divisions. This year, similar updates may follow, particularly regarding the oil-to-chemicals business, retail operations, and new energy initiatives.

Smriti Irani shared her insights on Congress leader Rahul Gandhi's evolving political strategies. She suggested that Gandhi believes he has «tasted success» and is now engaging in a different style of political maneuvering. Irani pointed out that when Gandhi discusses caste issues or appears in Parliament wearing a white T-shirt, he is fully aware of the message it conveys to the youth.

measures a funds risk adjusted returns and shows how much risk a fund manager takes to deliver a return. A higher sharpe ratio means a fund manager is able to deliver better risk-adjust return. But compare these ratios with other funds in the same category to ensure the comparison is like-to-like.

Indian Navy is set to commission its second nuclear submarine, with the 112-metre-long INS Arihant to be launched out of Visakhapatnam on Thursday by Defence Minister Rajnath Singh. Top military officials are set to be present at the inaugration of the submarine, with the nuclear-powered machine set to join INS Arihant as part of the country's 'nuclear triad,' strengthening India's ability to fire nukes from the air, land and the sea. Armed with K-15 missiles — that are nuclear-tipped and have a range of 750 kilometres — the 6,000-tonne submarine became 'fully ready' earlier in August, following extensive trials and upgrades.

The policy was introduced in August 2020 to assist visitors in Canada who were unable to return home because of border closures related to the COVID-19 pandemic. Under the policy, they could apply for a work permit without having to leave Canada. Also, anyone who had held a work permit within the preceding 12 months but had changed their immigrations status to “visitor” became eligible to “work legally in Canada while waiting for a decision on their new work permit application.”

substantial increase in lot sizes. Over time, this may become a market for deep-pocketed investors, those who can afford to take some big risks. So, why do retail traders usually lose money trading options? Why does that not happen with stocks? Well, it’s because stocks are simple, relative to options.

Over the past decade, increases in computing power, ubiquitous connectivity and changes in consumer and channel dynamics, along with new competition, have seen digital technology transformations become CEO agenda items. Building a digital-ready company is a board-level imperative, but success has been elusive. In a BCG study of nearly 900 transformations globally, more than 80% of companies indicated that digital transformation is an urgent priority, but only about 30% of the efforts are successful.

MUMBAI: Capitalmind, a PMS (portfolio management services) provider, became the latest entity to receive the Securities and Exchange Board of India's (Sebi's) in-principle approval to launch a fund house. Once launched, it will be India's 45th fund house.

Reliance Industries Ltd (RIL), the country’s largest conglomerate, several significant announcements are anticipated that could unlock value in the company’s shares. Jio's focus on monetisation with recent tariff hike and completion of 5G rollout has been leading the growth engine for the conglomerate.

The U.S. Postal Service is abandoning a plan to reroute Reno-area mail processing to Sacramento

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