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Why is India edgy about Israel's war? The threats that loom over India

The ongoing conflict between Israel and Hamas poses several potential threats to the Indian economy. One major concern is the impact on oil prices, as India relies on imports for 85% of its oil needs. Higher oil prices could lead to increased import costs, fuel/fertilizer subsidies, and a weaker rupee, which would affect the country s current account deficit and GDP growth. ....

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Indian IT industry: Hiring outlook for Indian IT industry weakens on global macro woes, slow discretionary spends

The Indian IT industry is expected to reduce campus intake this year due to weak global cues and a cut in discretionary spending by clients. Infosys and HCL Tech s subdued hiring signals a tough road ahead for freshers. IT giants like TCS, Infosys, and HCL Technologies reported a decline in employee tally in Q2. Global growth concerns, inflation, interest rates, reduced investment, and geopolitical shocks have exacerbated worries. ....

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tcs: TCS fired 16 over recruitment scandal, 19 found guilty

TCS said it has concluded its review of the allegations on the Resource management function (RMG) within the organisation. ....

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Bribe for jobs: TCS fires 16 staffers, former head of RMG

In a post-earnings interaction with reporters last Wednesday, TCS chief executive K. Krithivasan said, We have completed our investigation. We have taken appropriate action against whosoever had violated the code of conduct. All actions have been taken, and it is closed. ....

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IT firms grapple with increase in employee costs

Employee wage costs at top Indian software services companies reach six-year high ....

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