Sci-Tech

DRDO successfully tests range capability of missile ‘Pralay’

New Delhi: The maximum and minimum range capability of the 'Pralay' missile system were successfully tested by the Defence Research and Development Organisation (DRDO) in Odisha over two days, an official said Tuesday. The User Evaluation Trials of Pralay, an indigenous solid propellant quasi-ballistic missile...

TCS layoffs: IT Ministry keeping close watch on situation

New Delhi: IT Ministry is keeping a close watch on the developments after Tata Consultancy Services' (TCS) decision to lay off over 12,000 employees, according to sources. Employment growth remains a key priority, with sharp focus on how initiatives like Employment Linked Incentive can help...

Service sector

India’s top IT cos wrap up Q1 with single-digit topline growth

New Delhi: India's top IT services firms delivered single-digit revenue growth in April-June, capping off a mixed, somewhat-sobering quarter as macroeconomic instability and geopolitical tensions weighed on global tech demand and delayed client decisionmaking. Management commentary painted a mixed picture, caution prevailed, yet industry CEOs...

TCS to lay off over 12,000 employees this year

New Delhi: India's largest IT services firm, Tata Consultancy Services (TCS), is set to lay off about 2 per cent, or 12,261 employees, of its global workforce this year, with the majority of those impacted belonging to middle and senior grades. As of June 30,...

 

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