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Cognizant discriminated against non-Indian workers, US jury says

Published on Oct 08, 2024 10:20 AM IST

Cognizant was found guilty of discriminatory practices against non-Indian employees by a US jury, which has mandated punitive damages. The firm intends to appeal, claiming compliance with US laws and a commitment to diversity despite allegations from former employees.

Gold Rate Today 08-10-2024: Check latest prices in your city

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Published on Oct 08, 2024 10:15 AM IST

Samsung's rare apology as results sag: 'These are testing times'

Samsung Electronics faces a crisis in its memory chip division, leading to an apology to investors. New head Jun Young-hyun vowed to implement changes after disappointing revenue and profit figures, as competition from SK Hynix intensifies and delays in AI chip deliveries affect performance.

Published on Oct 08, 2024 10:13 AM IST

Deepinder Goyal on Zomato's lowest moment: ‘When Swiggy raised $1 billion…’

Zomato founder Deepinder Goyal recalled the company's lowest moment when Swiggy raised $1 billion while Zomato had only $35 million in 2018. He also announced he won't return as a judge on Shark Tank India due to a sponsorship deal with Swiggy.

Updated on Oct 08, 2024 09:00 AM IST

Meet Shark Tank India's newest judge: Snapdeal co-founder Kunal Bahl

Kunal Bahl joins Shark Tank India as a judge for its fourth season. Current judges include Ritesh Agarwal and Aman Gupta, while Zomato's Deepinder Goyal exits due to a sponsorship conflict with Swiggy, affecting his participation.

Published on Oct 08, 2024 08:51 AM IST

Warren Buffett’s Bank of America stock sale spree surpasses $10 billion

Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks during a game of bridge after the annual Berkshire Hathaway shareholders meeting in Omaha. Warren Buffett started selling in mid-July, impacting the stock price. The latest sale generated $383 million, with shares closing at $39.96 on Monday.

Published on Oct 08, 2024 08:43 AM IST

Foxconn building world's largest manufacturing facility for Nvidia's GB200?

A senior Foxconn executive announced plans for the world's largest GB200 chip manufacturing facility for Nvidia, though the exact location is not yet revealed. This was shared during the company's annual tech day in Taipei.

Published on Oct 08, 2024 08:16 AM IST

Business News LIVE Updates Today October 8, 2024: Cognizant discriminated against non-Indian workers, US jury says

Latest news on October 8, 2024: Cognizant was found guilty of discriminatory practices against non-Indian employees by a US jury, which has mandated punitive damages. The firm intends to appeal, claiming compliance with US laws and a commitment to diversity despite allegations from former employees.

Updated on Oct 08, 2024 10:20 AM IST

Is RBI moving closer to a rate cut or will that happen in December?

RBI MPC: A police officer walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India.

Published on Oct 08, 2024 08:08 AM IST

Deepinder Goyal stopped from entering Gurgaon mall, owner responds to video

Wearing a delivery agent's uniform, Deepinder Goyal took on the challenge to understand the difficulties faced by his employees every day.

Updated on Oct 07, 2024 04:47 PM IST

RuPay and new runaway inaugurated in Maldives for transaction, connectivity ease

Maldives' President Mohamed Muizzu shakes hands with Prime Minister Narendra Modi at Hyderabad House.

Published on Oct 07, 2024 03:58 PM IST

DGCA advisory to airlines over potential risk from jammed rudder control

A Boeing 737 MAX sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington in December 2015 (REUTERS FILE PHOTO)

Published on Oct 07, 2024 06:26 PM IST

Amazon India head to replace Nestle India's Chairman and MD after his retirement

Manish Tiwary, with nearly three decades of experience in e-commerce and consumer goods has worked with Amazon for the last eight and a half years, joining as a Vice President in May 2016, and becoming the India head in July 2020

Published on Oct 07, 2024 02:59 PM IST

WazirX founders meet with government agencies amid probe into $235 million hack

WazirX, India's largest cryptocurrency exchange with over 1.5 crore users, went through a cyberattack on July 18 resulting in $235 million worth of crypto tokens being stolen from its wallets. This was nearly 45% of its entire holding assets.

Published on Oct 07, 2024 02:09 PM IST

Ratan Tata says hospital visit for medical check-up: ‘Rumours unfounded'

Ratan Tata, 86, refuted claims of hospitalization due to blood pressure issues, calling them unfounded. He stated he is undergoing regular medical check-ups and remains in good spirits, asking the media to avoid spreading false information.

Updated on Oct 07, 2024 01:15 PM IST

Worry for Bhavish Aggarwal? Ola Electric shares now down 43% from listing high

Ola Electric's shares fell 8%, down 43% since its August debut, amid fierce competition from Bajaj Auto and TVS Motor. The company launched a sale with significant discounts, while founder Bhavish Aggarwal clashed with comedian Kunal Kamra on social media regarding service quality.

Published on Oct 07, 2024 12:15 PM IST

Adani, Mahindra, other top conglomerates sign up for PM Internship Scheme

Through the PM Internship Scheme, the government aims to partner with the private sector effectively to generate jobs.

Published on Oct 07, 2024 11:59 AM IST

Tokyo Metro looks to raise up to $2.4 billion in largest Japan IPO since 2018

Tokyo Metro plans to finalize its IPO price on October 15, with a listing on the Tokyo Stock Exchange scheduled for October 23.

Published on Oct 07, 2024 11:56 AM IST

Deepinder Goyal says malls need to be 'more humane' towards delivery partners

Zomato's Deepinder Goyal shared his experiences as a delivery partner, revealing challenges like limited access in malls. He advocated for better treatment and working conditions for delivery personnel, stressing the importance of humane practices in the industry.

Published on Oct 07, 2024 11:52 AM IST

Gautam Adani to acquire Heidelberg's Indian cement unit for $1.2 billion?

The Adani Group aims to buy Heidelberg Materials' Indian cement business valued at $1.2 billion, enhancing its cement sector footprint after acquiring stakes in Ambuja Cement, Sanghi Industries, and Penna Cement.

Published on Oct 07, 2024 11:00 AM IST

Want AI to replace grunt work? Careful what you wish for

Generative AI is automating entry-level roles traditionally held by junior analysts, raising concerns about the future of job training and recruitment. This shift may require graduates to possess advanced skills, challenging current educational frameworks and altering career pathways in various industries.

Published on Oct 07, 2024 10:35 AM IST

Gold Rate Today 07-10-2024: Check latest prices in your city

Gold silver image

Published on Oct 07, 2024 10:15 AM IST

Vedanta chief Anil Agarwal mourns mother's demise: ‘Feel incomplete without her’

Anil Agarwal shared the news of his mother’s death at 90, expressing profound grief and gratitude for her life. He remembered her strength and the values she instilled, emphasizing that following her teachings is the best tribute.

Updated on Oct 07, 2024 10:02 AM IST

Why Singapore and Hong Kong want money to serve a purpose

Hong Kong has launched a second round of e-HKD pilot programs, exploring tokenized bank deposits alongside CBDCs. This innovation aims to enhance payment options, streamline transactions, and potentially set a global trend in financial technology and sustainability initiatives.

Published on Oct 07, 2024 09:53 AM IST

Mark Zuckerberg customizes Porsche Cayenne Turbo GT minivan for his wife

Mark Zuckerberg has unveiled a customized Porsche Cayenne Turbo GT minivan for his wife, Priscilla Chan, while he gets a Porsche 911 GT3. The collaboration with West Coast Customs includes a fun boost mode, which Priscilla commented on in an Instagram post.

Updated on Oct 07, 2024 09:51 AM IST

You could buy Mahindra & Mahindra's first petrol-hybrid SUV in 2026

Mahindra's hybrid strategy includes possible technology sharing with Skoda Auto Volkswagen, while Hyundai Motor India is also set to introduce a petrol-hybrid SUV in 2027, intensifying competition in the market.

Published on Oct 07, 2024 09:37 AM IST

An ultra slim Apple Watch Series 10, and inadvertent Watch Ultra 2 intricacy

The Watch Series 10 is closer to the Watch Ultra 2’s proposition, with parity across watchOS 11. (Vishal Mathur/ HT Photo)

Updated on Oct 07, 2024 09:26 AM IST

Mark Zuckerberg's new ambition: Design T-shirts with his ‘favourite sayings'

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during the Acquired LIVE event at the Chase Center in San Francisco, California, US.

Published on Oct 07, 2024 08:56 AM IST

What's happening in global stock markets? Japan's Nikkei up, Wall Street gains

A woman walks in front of an electronic quotation board displaying stock prices of Nikkei 225 on the Tokyo Stock Exchange in Tokyo.

Published on Oct 07, 2024 08:41 AM IST

RBI October monetary policy meeting begins today: Should you expect a rate cut?

RBI MPC: Starting today, the RBI's monetary policy meeting will evaluate the repo rate, currently at 6.50%. With inflationary pressures and new MPC members, decisions will consider global economic factors and the recent US interest rate cuts.

Published on Oct 07, 2024 08:35 AM IST