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It Firms Lpg Crisis: LPG crisis hits IT firms as Infosys, TCS, Cognizant, and Wipro cut canteen services and ask employees to ‘pack lunch boxes from home’

A cooking gas crunch, stemming from the West Asia conflict, has forced major Indian IT firms like Infosys, TCS, and Cognizant to drastically cut canteen services. Employees are now compelled to bring packed lunches, impacting thousands who rely on office cafeterias, especially those in PGs and hostels with limited options. People in corporate sector jobs…

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US-Iran war hits stock market: Citi, Nomura cut Nifty50 target prices; here’s the outlook

Nomura has also trimmed its year end forecast for the Nifty 50, lowering the target to 24,900 from 29,300. (AI image) US-Iran war shock for stock markets: Brokerages Citi Research and Nomura have lowered their year end forecasts for the key benchmark index Nifty50, pointing to growing risks to economic growth and corporate earnings as…

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Gold, Silver Rate Today Live Updates: Gold prices slip as crude oil prices weigh on rate cut hopes

Gold and silver prices began Monday with sharp losses on the Multi Commodity Exchange of India as surging energy costs weakened expectations of near term interest rate cuts in the United States due to rising inflation concerns. Worries that the Federal Reserve may find it difficult to reduce rates if oil prices remain high have…

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Oracle may be preparing to cut thousands of jobs, analysts see this $500 million as proof

Oracle is reportedly planning to cut jobs over the next coming months. According to a report by Financial Times, the company’s filing with the US Securities and Exchange Commission recently revealed a database group founded by Oracle founder Larry Ellison has set aside an additional $500mn to cover restructuring costs. This, investors say, is proof…

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Atlassian layoffs: Sydney-based software company announces to cut 1,600 jobs, CEO says ‘We are doing this to …’

Australian software company Atlassian has announced to cut 10% of its workforce or 1,600 jobs. Among those leaving the company is the Chief technology officer Rajeev Rajan. The job cuts come as the company restructures following a decline in its stock price driven by AI developments. According to a report by news agency Reuters, CEO…

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Iran war: Saudi Arabia, Iraq, UAE and Kuwait cut oil output as Hormuz disruption rattles energy markets

The ongoing crisis in the Middle East has brought the Strait of Hormuz to the brink of closure, disrupting global oil supplies and forcing Gulf nations like UAE, Iraq and others, to slash production. With storage tanks filling rapidly, analysts warn of the growing risk of a total production shutdown if output is not carefully…

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Pawan Kalyan takes a pay cut for ‘Ustaad Bhagat Singh’, the film to clash with ‘Dhurandhar- The Revenge’ |

Pawan Kalyan has reportedly taken a pay cut for ‘Ustaad Bhagat Singh,’ accepting around Rs 25 crore to support the makers amidst production delays. The actor prioritized the producers recovering their investments, suggesting a profit-sharing model instead of demanding higher remuneration. This gesture has fueled positive buzz for the film, set to clash with ‘Dhurandhar-…

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