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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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Another showdown in Delhi? INDIA bloc to hold protest over CEC; CJP gives 24-hour ultimatum | India News

NEW DELHI: The Congress and other opposition parties will march to the Supreme Court on Monday, October 12, demanding chief election commissioner Gyanesh Kumar’s resignation over alleged irregularities in the Special Intensive Revision (SIR) of electoral rolls. The protest comes a day after a police crackdown on demonstrators in Delhi and amid fresh political tensions...
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‘Deeply concerning’: India condemns attack on vessel carrying Indian crew off Oman coast | India News

NEW DELHI: The ministry of external affairs on Sunday condemned the repeated attacks on commercial vessels in the Strait of Hormuz after two merchant ships carrying Indian seafarers came under attack.In a statement, the ministry said the recurring attacks on commercial shipping in the region were deeply concerning and risked further aggravating an already volatile...
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