Infosys recently laid off 240 trainees due to their failure to meet internal assessment criteria, offering them transition assistance and outplacement services. As tech industry layoffs rise, companies are increasingly using outplacement firms to support retrenched employees amid digital transformation and workforce restructuring. This trend extends beyond IT, impacting sectors like pharma and food processing, reflecting broader economic challenges.
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Flipkart is reportedly shutting down ANS Commerce, an e-commerce enabler it acquired in 2022. Despite a revenue increase to Rs 54 crore in FY24, the decision was influenced by widening losses of Rs 73.8 crore. This move includes layoffs among ANS Commerce employees and aims to ensure a smooth transition for all stakeholders.
Former Google CEO Eric Schmidt has criticized Donald Trump's science policies, labeling them as "madness" and "too stupid," fearing they undermine America's technological competitiveness against China. He highlighted funding cuts for universities and research agencies, leading to hiring freezes and concerns about international talent avoiding the U.S. due to immigration uncertainties.
Ravi from Haryana faced a 220-day distressing journey after paying around Rs 35 lakh to an unauthorized travel agent to reach the US. His family was extorted for an additional Rs 6 lakh while Ravi starved in the jungles of Panama and was ultimately deported upon arrival in the US.
Manipur CM N Biren Singh blamed Congress for the state's issues, criticizing past settlement decisions under Congress and defending PM Modi's absence. He highlighted historical ethnic conflicts under Congress leadership and emphasized his efforts for rehabilitation and development. Singh's recent speech included an apology to 2023 violence victims, showcasing measures for recovery and growth in Manipur.
Tesla CEO Elon Musk cautions about the level of propaganda in top universities, comparing it to North Korea, in response to Canadian professor Gad Saad's claim that most university educators believe Kamala Harris would be a superior president to Donald Trump.
Singapore Police have arrested three men for fraud linked to illegal re-export of Nvidia GPUs to Chinese AI company DeepSeek, bypassing US trade sanctions. The arrests followed a joint operation targeting 22 sites and detaining nine suspects, amid intensified scrutiny by U.S. authorities regarding banned semiconductor acquisitions.
Elon Musk has accused the Biden administration of delaying the return of Nasa astronauts Sunita Williams and Butch Wilmore from the ISS, despite SpaceX's offer for a rescue mission. The astronauts have been stranded due to Nasa deeming Boeing’s Starliner unsafe for re-entry. They are now scheduled to return on a SpaceX Crew Dragon in March.
Pakistan hints at India’s involvement in the Balochistan train hijacking, linking attackers to handlers in Afghanistan allegedly sponsored by India. The incident, implicating the Balochistan Liberation Army, left 58 dead and highlights ongoing regional tensions and security issues. Afghanistan rejects Pakistan’s claims, and India is yet to respond to the allegations.
R Ashwin, 38, recently retired from international cricket citing a lack of creative satisfaction. He plans to continue club cricket, including the IPL. Ashwin expressed gratitude for the game and overwhelming support post-retirement, including calls from legends like Sachin Tendulkar and Kapil Dev. The cricketer visualizes more creativity in his future endeavors.
Buoyed by forecasts of a favorable monsoon, the government has set an ambitious foodgrain production target of 354 million tonnes for the 2025-26 crop year. This target, nearly 4% higher than the previous year, aims to capitalize on expected good rainfall. A nationwide awareness campaign will educate farmers on climate-resilient seeds and government programs.