HCLTech Shares Plunge 11% Amid Weak Outlook Despite AI Growth | India Business News

NEW DELHI & BENGALURU: Shares of HCLTech fell nearly 11% on BSE on Wednesday after the company issued a softer-than-expected outlook following a muted March quarter performance.Responding to concerns around a 2–3% annual deflation driven by AI, CEO C Vijayakumar said the company has largely offset the impact of deflation in its traditional services business,…

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Query in GB over fraudulent use of defence NOC for construction in Pune city raises security concerns | Pune News

Pune: Serious security concerns have been raised over the lack of an efficient system within PMC to determine whether Union ministry of defence (MoD) no objection certificates (NOC) are being used fraudulently for construction activity in the city.As per regulations, height clearance for buildings is granted by the Pune Municipal Corporation (PMC) building permission department…

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Standard Chartered CEO’s remark sparks outrage as bank plans job cuts in India, other hubs

Standard Chartered’s plan to cut nearly 7,800 jobs globally by 2030 has triggered a fierce backlash online after CEO Bill Winters described some roles as “lower-value human capital” while outlining the bank’s AI-driven overhaul.The London-headquartered lender, which has major back-office operations in India, said it would eliminate around 15 per cent of corporate-function roles over…

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