Bengaluru, April 23 (IANS) Amid the complexity of designing US fire trucks that increases manifold because each US state has a unique fire code, global professional services company Vee Technologies’ engineering business has rolled out the design of its 3,000th fire truck this month, its was announced on Thursday.The Bengaluru and Atlanta-headquartered firm forayed into the challenging area of designing fire trucks for the US market a decade ago.The complexity of designing US fire trucks increas…
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New Delhi, April 17 (IANS) Global tech layoffs are accelerating in 2026, with more than 80,000 jobs already cut in the first quarter and total losses likely to exceed 3 lakh this year, led by companies like Oracle, Amazon, and Meta, according to a report.The report by TradingPlatforms noted that the latest wave of layoffs builds on a broader post-pandemic correction, with over one million tech jobs lost globally since 2021 as companies recalibrate hiring after the Covid-era expansion.Artificial …
Mumbai, April 16 (IANS) Tata Group-backed Tejas Networks’ shares plunged nearly 6 per cent in early trade on Thursday after the company’s January–March quarter (Q4) earnings disappointed traders and investors.The BSE 500 stock declined as much as 5.86 per cent to Rs 423.50, hitting an intraday low, compared with its previous close of Rs 449.90. The fall came after the company reported its fifth straight quarterly loss in Q4 FY26, with revenue also declining sharply year-on-year.Tejas Network…
New Delhi, April 13 (IANS) India’s IT services sector is showing early signs of recovery with improving growth visibility and strengthening fundamentals, a new report said on Monday.The data compiled by BNP Paribas highlighted that despite cautious investor sentiment, underlying indicators suggest a gradual rebound in demand and earnings momentum.The brokerage noted that near-term trends are turning more supportive, backed by rising hiring activity, steady management commentary, and continued …
New Delhi, March 26 (IANS) Nokia on Thursday announced key leadership changes in India, appointing Samar Mittal as India Country Business Leader and Vibha Mehra as India Country Manager, effective April 1. The move is part of the company’s renewed strategy to strengthen its presence and sharpen its business focus in the country.In his new role, Samar Mittal will lead Nokia’s business strategy in India, focusing on expanding the company’s partnerships with telecom operators, as well as play…
New Delhi, March 19 (IANS) India’s Infrastructure Investment Trusts (InvITs) are expected to see the industry’s assets under management grow by about Rs 1 lakh crore in FY26, a report said on Thursday.The report from CareEdge Ratings said AUM of these trusts doubled from about Rs 3 lakh crore in FY22 to roughly Rs 6.25 lakh crore by FY25.Combined leverage or total external debt to enterprise value is expected to remain at around 49 per cent in FY26, driven by higher valuations from equity ra…
New Delhi, March 13 (IANS) The Centre for Development of Telematics (C-DOT) successfully hosted the Demo Day for cohort-II of the ‘Samarth’ incubation programme for 18 startups, it was announced on Friday.’Samarth’, a cutting-edge incubation programme for startups in telecom and ICT sector, was structured in two cohorts of six months each, accommodating up to 18 startups per cohort, thus supporting a maximum of 36 startups to work on set of five innovative problem statements in areas of telecom …
New Delhi, Feb 23 (IANS) Around 70 per cent of jobs in India are hosted in non‑metro India, with Tier‑3 cities alone accounting for 40 per cent of employment and Tier‑2 hubs a further 29 per cent compared with 31 per cent in Tier‑1 cities, a report said on Monday.The staffing firm Quess Corp said in the report that The BFSI & Manufacturing sectors contribute to over 45 per cent of workforce from Tier 3 towns, while retail contributes 33 per cent.These opportunities are concentrated a…
New Delhi, Feb 20 (IANS) The Centre’s Production Linked Incentive (PLI) Scheme has succeeded in attracting investments of over ₹2.16 lakh crore in the manufacturing sector and created more than 14.39 lakh direct and indirect jobs as on December 31, 2025, according to a statement issued by the Ministry of Commerce and Industry on Friday.Cumulative sales of manufacturing units set up under the scheme exceeded Rs 20.41 lakh crore, while total exports crossed Rs 8.3 lakh crore. The government ha…
Kolkata, Feb 15 (IANS) Acting information received from confidential sources, West Bengal’s Bidhannagar Police Commissionerate has busted an illegal SIM box racket and arrested a person in connection with the case, police said on Sunday.Officers of the Commissionerate’s Intelligence Department raided flat number 5B on the fifth floor of a residential building in Hatiara in the Rajarhat area near Kolkata on Saturday and busted the ring.The items recovered by the team in this search include- 9 SIM…