Tata Consultancy Services (TCS), one of the biggest IT firms in India, has been rocked by a bribes-for-jobs scandal. According to a report by Mint, a few senior personnel at the company were accepting bribes from staffing firms for giving jobs to their candidates, for years.

This has led to the company sacking four officials from its resource management group (RMG) and banning three staffing firms.

In rising trouble for edtech major Byju’s, its statutory auditors Deloitte Haskins & Sells resigned due to the delay in the company's filing of financial results.

In a letter to the board members of Think & Learn Private Limited, the parent company of Byju’s, Deloitte said: “The financial statements of the Company for the year March 31, 2022 are long delayed…we have not received any communications on the resolution of the audit report modifications in the respect of the year ended March 31, 2022.

Uber Technologies stated that it would be cutting off 200 jobs in its recruitment team, according to a report by Reuters and the Wall Street Journal (WSJ).

Uber reportedly has a global workforce of 32,700 worldwide and this reduction would affect less than one per cent of its employees. However, within the recruitment division, this would be about 35 per cent of the employees, according to WSJ's estimate.

Prime Minister Narendra Modi on his state visit to the US, met Joe Biden and Jill Biden at the White House and exchanged presents with them.

First Lady Dr Jill Biden received a 7.5-carat green diamond from Prime Minister Narendra Modi, and President Joe Biden received a unique sandalwood box.

Shares of sugar companies were in focus and rallied up to 14 per cent on the BSE in Thursday’s intra-day trade in an otherwise subdued market on expectation of sugar prices to remain elevated due to the deteriorating weather outlook coupled with rising demand.

Among individual stocks, Uttam Sugar Mills (up 14 per cent at Rs 347.65), Ugar Sugar (up 8 per cent at Rs 131) and Dhampur Sugar Mills (up 6 per cent at Rs 286) hit their respective 52-week highs.

Union Home Minister Amit Shah will convene an all-party meeting on June 24 in the national capital to discuss the situation in Manipur, Home Ministry Spokesperson said on Wednesday.

The meeting is scheduled at 3 pm in New Delhi to discuss the situation in Manipur.

Elon Musk, the owner of social media network Twitter, said the platform has no choice but to follow local laws in every country.

Musk’s comments, following his meeting with Prime Minister Narendra Modi in New York, came in response to questions regarding Twitter co-founder Jack Dorsey’s allegations that the Indian government had threatened to “shut Twitter down in India” if it did not take down critical content during the farmers’ protest against the three farm laws.

US President Joe Biden and First Lady Jill Biden on Wednesday hosted Prime Minister Narendra Modi for an intimate dinner at the White House.

Modi was received by the president and the first lady, and before entering the building, they posed for photos and were seen chatting.

The Enforcement Directorate (ED) is raiding 15 premises in Mumbai and another outside the city as part of its money laundering investigation into the alleged multi-crore Covid-19 jumbo centre scam.

The premises of Sujit Patkar, a close aide to Shiv Sena (Uddhav Balasaheb Thackeray) leader Sanjay Raut, and IAS officer Sanjeev Jaiswal—then additional municipal commissioner, BMC and a close aide of Aaditya Thackeray —are among those being searched.

5G subscriptions in India are expected to reach about 700 million by the end of 2028 from 10 million at the end of 2022, a report released on Thursday said. At the end of the next five years, 5G will account for 57 per cent of all mobile subscriptions in India, making it the fastest-growing region for the adoption of this technology, it added.

According to the June 2023 Ericsson Mobility Report, currently, 4G dominates the market in India with 820 million subscriptions at the end of 2022. But this is expected to decline to 500 million by the end of 2028.

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