business news

Tata Consultancy Services (TCS), one of India's leading IT firms, is grappling with a significant skills gap, resulting in 80,000 unfilled job positions. This challenge is part of a broader slowdown in the IT sector, as reported by the Times of India.

The Reserve Bank of India (RBI) has levied significant fines on two banks for non-compliance with regulatory norms. The Central Bank of India has been fined ₹1.45 crore, while Sonali Bank PLC's Indian wing has incurred a penalty of ₹96.4 lakh. These fines were imposed due to violations related to customer protection and Know Your Customer (KYC) norms, according to a report by PTI.

A Southwest Airlines flight narrowly avoided a catastrophic crash off the coast of Hawaii, coming within just 400 feet of the ocean after aborting a landing due to adverse weather conditions. The incident, involving a Boeing 737 Max 8, occurred in April and has since drawn significant attention and an investigation by the Federal Aviation Administration (FAA).

German automaker Mercedes-Benz has reaffirmed its commitment to investing ₹3,000 crore in Maharashtra, according to state Industries Minister Uday Samant. This substantial investment is part of Mercedes-Benz's broader investment plans for India, which were initially announced in January.

Wells Fargo, one of America's leading banks, has taken strict action against more than a dozen employees for engaging in deceptive practices involving simulated keyboard activity. The bank terminated these employees from its wealth and investment management unit after discovering their attempt to fake work through keyboard simulation.

New Delhi: India's wholesale price-based inflation surged to a 14-month high in May, driven primarily by food items, according to government data released on Friday. The Ministry of Commerce & Industry reported a 2.61% increase in wholesale inflation for May, exceeding economists' expectations of a 2.5% rise. This figure marks a significant jump from April's year-on-year rise of 1.26%.

Sysmex Astrego, a Sweden-based in vitro diagnostic company, has been awarded the prestigious £10 million Longitude Prize for its groundbreaking PA-100 AST System, a rapid point-of-care test for Urinary Tract Infections (UTIs). This accolade underscores the critical need for innovative solutions in combating antimicrobial resistance (AMR) globally.

Tech entrepreneur Bryan Johnson has made headlines with his bold assertion that his birthday now arrives every 19 months, a claim rooted in his pursuit of anti-ageing breakthroughs. Known for his focus on longevity research and his Project Blueprint initiative, Johnson's recent announcement has sparked curiosity within the anti-ageing community.

GitHub CEO Thomas Dohmke recently revisited Bengaluru's iconic Brigade Road, capturing a nostalgic moment by recreating a photo taken 16 years ago at the same spot. Dohmke, who was in India this week, expressed his affection for the country, referring to it as his "new home away from home."

In a recent interview, Nvidia CEO Jensen Huang revealed a unique philosophy regarding employee management, expressing his belief in nurturing talent rather than resorting to termination. Huang stated that he prefers to "improve" rather than "give up" on employees, emphasizing a commitment to helping individuals develop and excel within the company.