American technology company Intel plans to reduce its workfoses more than 20 percent. It aims to eliminate bureaucracy and balance the management. This will be the first major restructuring since the new Chief Executive Officer of Intel, Bu Tan last month. Bloomberg news Report In a source who has been aware of the company’s plan,…
The US Equal Employment Opportunity Commission (EEOC) has started an investigation of this charge. Most of the former workers accusing discrimination are more than 40 years of age and non -South Asian origin. They say that TCS had trimmed him but took favor to his Indian colleagues. Some of the Indian workers were working on…
Infosys included in large software companies decreased by about 11.75 percent on a year-by-year basis in the fourth quarter of the previous financial year. The company’s growth estimates for the current financial year also indicates increasing competition in this sector. Infosys has estimated up to three percent growth in revenue. However, the company’s margin guidance…
The salesforce involved in large technology companies is cutting hundreds of jobs. However, this company is hiring workers to sell products related to Artificial Intelligence (AI). In the last few months, many technology companies have trimmed a large number of workers. One of bloomberg Report According to, more than 1,000 jobs will be affected in…
Government telecom company Bharat Sanchar Nigam Limited (BSNL) has increased the pace of launch of its 4G network. About 65,000 4G sites of BSNL have been activated. The company has used indigenously made technology for this network. BSNL aims to reach one lakh 4G sites by the middle of this year. The company’s chairman, Robert…
Thousands of jobs will soon be available in Infosys, one of the big software companies. The expansion of the company’s Hyderabad campus in Telangana will generate 17,000 additional jobs. More than 35,000 workers work in this campus of the company located in Pocharam, Hyderabad. It is one of the largest campuses of the company in…
The crypto market was bullish on Thursday due to better inflation data in America. The price of Bitcoin, the largest cryptocurrency in terms of market value, was close to one lakh dollars. However, earlier this week there was a significant decline in Bitcoin and its price went below $90,000. There is a possibility of the…
The interest of institutional investors has increased in Bitcoin, the largest cryptocurrency in terms of market value. American company Microstrategy plans to increase its Bitcoin holding. For this, the company is planning to increase its authorized Class A common stock from approximately 33 crore shares to more than 10 billion shares. The plan may be…
The consolidated net profit of Infosys, one of the big software companies, increased by more than 11 percent to about Rs 6,806 crore in the third quarter of the current financial year. In the same quarter of the last financial year, the company’s net profit was approximately Rs 6,106 crore. Infosys’ revenue from operations increased…
Government telecom company Bharat Sanchar Nigam Limited (BSNL) will soon launch eSIM. The company has said that its 4G network will be available across the country by June next year. After this the company plans to launch 5G network. The number of subscribers of the company has increased in the last few months. The reason…