Green cards not key to workforce strategy: TCS

BENGALURU: TCS CEO K Krithivasan said green cards have never been a key part of the company’s workforce strategy, as it has significantly reduced permanent residency applications for H-1B employees and stepped up local hiring in US. The company said the US suspension of green card processing would not fundamentally alter its talent management approach.“In…

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RBI measures: Rupee to gain sharply but forex liquidity likely to dry up

MUMBAI: Forex dealers expect a gap opening in the rupee-dollar exchange rate, with the domestic unit likely to record its sharpest gain in recent times. However, there is also a looming market freeze, with RBI’s aggressive anti-speculation measures risking paralysis of legitimate market-making, choking interbank liquidity and inadvertently penalising genuine corporate hedgers.Oil companies, normally the…

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Festive phone market set to shrink in volume

NEW DELHI: India’s smartphone market is expected to witness a 12% decline in sales (by volumes) this festive season, even as the overall market value is projected to grow 5%, reflecting a shift towards pricier devices and longer replacement cycles, according to Counterpoint Research.Rising memory costs have pushed up smartphone prices, prompting consumers to defer…

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Infosys plays down impact of PERM suspension

BENGALURU: Infosys said the US Department of Labor’s suspension of new and pending applications under the Permanent Labor Certification (PERM) programme for certain companies, including the IT services major, is unlikely to have a material impact on its operations.In a statement to the stock exchanges, the company said it was aware of the decision and…

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He bought a Rs 41.85 lakh and paid Rs 39.15 lakh but did not get possession; builder blames PMC-PMRDA jurisdiction changes, MahaRERA rejects excuse and orders interest payout to homebuyer

A man bought a flat from a builder but did not get possession of it in the promised time period in the sale agreement. (Image for representative purpose only) When buying your dream home, timely possession is an important point. Yet in some cases builders fail to deliver flats and houses within the stipulated time…

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Reserve Bank Of India: Rupee relief, higher hedging costs: What RBI’s new forex rules mean

RBI’s new forex rules may ease rupee depreciation pressure in near term (representative image) NEW DELHI: The Reserve Bank of India‘s (RBI) latest measures to curb volatility in the rupee could ease near-term depreciation pressure, reduce speculative dollar demand and help withdraw surplus liquidity from the banking system, according to research reports cited by news…

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Gold Prices: Gold, silver prices next week: What investors should watch amid global uncertainty

Gold, silver prices may stay range-bound with positive bias next week (representative image) Gold and silver prices are likely to remain range-bound with a mildly positive bias next week, as weakness in the rupee supports domestic bullion prices amid global fluctuations, analysts said.Investors will also track inflation data from India, China and the US for…

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