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Global IT services company Cognizant will lay off around 7,000 mid-to-senior level employees globally and is exiting the Digital Content Business, which will affect another 6,000 jobs.

Cognizant to lay off around 7,000 staff

The plan will sharpen the company's strategic focus and simplify the operating model.

1 Nov 2019 1:48 AM IST

Shares of Allahabad Bank closed 1.96 per cent down at Rs 87.70 on BSE.

Allahabad Bank lowers interest rates by up to 35 bps

The RBI repo rate has been cut down to 5.15 per cent from the existing rate of 5.40 per cent

31 Oct 2019 7:10 PM IST

The shake-up led to consolidation, with Vodafone Plc merging its Indian operations with Idea Cellular last year in a deal worth $23 billion.

Voda-Idea shares recover losses, settle higher over 2 per cent

Shares of the telecom operator ended up by 2.10 per cent at Rs 3.89 apiece.

31 Oct 2019 7:03 PM IST

The finance ministry is considering writing to markets regulator Sebi seeking relaxation for certain state-owned firms from meeting the minimum 25 per cent public shareholding norm.

Sebi tightens norms for listed banks on bad loan disclosures

The decision has been take in consultation with the RBI, the Sebi said in a circular.

31 Oct 2019 5:43 PM IST

The growth of eight core sectors slowed to 3-month low of 4.1 per cent in March due to weak performance in as many as six sectors including coal, crude oil and natural gas.

Core sector output shrinks by 5.2 per cent in September

The eight core sectors had expanded by 4.3 per cent in September 2018.

31 Oct 2019 5:30 PM IST

In India, banks will face the maximum pressure on income from card transactions and fees, with free payments putting 8.4 per cent of the payments revenue at risk.

Banks' payments revenues to dent by USD 9 billion by 2025: report

Banks may not be able to garner all the goods for themselves, as the non-bank players become more active in the segment.

31 Oct 2019 5:21 PM IST

In the international market, gold was trading higher at USD 1,489.50 per ounce and silver at USD 17.82 an ounce.

Gold prices up Rs 115 to Rs 39,017 per 10 gram

Gold is trading at Rs 39,017 per 10 gram in the national capital on firm global trends.

31 Oct 2019 4:27 PM IST

FICOs survey found that 40 percent of respondents said digital-only banks and fintechs were the greatest competition to their business. (Photo: Pixabay)

Indian fintech eco-system makes way for a trailblazer technology

A collaborative approach is the way forward for Digital India and UPI has just got it right!

31 Oct 2019 4:24 PM IST

The broader NSE Nifty too advanced 33.35 points, or 0.28 per cent, to close at 11,877.45.

Sensex extends gains for 5th session; Yes Bank zooms 24 pc

After touching a fresh lifetime high of 40,392.22, the 30-share index settled 77.18 points, or 0.19 per cent, higher at...

31 Oct 2019 4:04 PM IST

The updated Pulsar 150 now comes with features like a rear disc, split seats and more.

The smallest Pulsar punches the hardest with 40,000 sales in 2 months

Pulsar 125 is the most affordable Pulsar available right now.

31 Oct 2019 4:01 PM IST

Syndicate Bank has reported a net loss of Rs 263.19 crore for the June quarter of 2017.

Syndicate Bank reports Rs 251 crore net profit in Q2

The bank had reported a net loss of Rs 1,542.54 crore in the same period previous fiscal.

31 Oct 2019 3:57 PM IST

The styling of the 2020 Honda Jazz is more evolved and comes with softer lines all around.

India-bound 2020 Honda Jazz revealed at Tokyo Motor Show

The 2020 Honda Jazz debuts smooth design lines and the carmaker's new dual-motor hybrid powertrain.

31 Oct 2019 3:53 PM IST