The pace of economic growth in the first three months of the year was far more sluggish than anyone expected—and inflation was much higher.
Tata Consultancy Services (TCS), Infosys and Wipro saw their wage cost in FY24 increase by more than 5.5% on average from the previous year, even as their year-on-year revenue growth slowed, averaging 3.6%.Their cumulative wage cost went up by Rs 18,036 crore in FY24, which experts attributed to continuity in lateral hiring in high-demand areas such as artificial intelligence (AI), machine learning (ML), and cloud and engineering services, coupled with the salary increments, even though they are...
An SEC filing made by Take-Two reveals that it expects the cost-cutting efforts, which it calls "rationalizing its pipeline" and "streamlining its organizational structure," to incur costs of up to $200 million, including $35 million from employee-related costs and $140 million from canceled projects. There are also $15 million toRead Entire Article
Home Energy Rebates funding should start flowing to many consumers within months after the Department of Energy approved the first state application.
Economic growth increased at a slower pace than economists had predicted in the first quarter, while President Biden continued to deliver a positive message about the economy. NBC News' Peter Alexander reports.
Literally the day after President Biden bragged, "We're following my blue collar blueprint to rebuild America, and guess what? It's working!", Bidenomics struck with a vengeance Thursday.