The US Equal Employment Opportunity Commission is investigating dozens of American workers’ allegations that India’s biggest IT outsourcer, Tata Consultancy Services Ltd., discriminated against them based on their race, age and national origin. The former employees are largely professionals from non-South Asian ethnic backgrounds over the age of 40, who say the company targeted them for layoffs but spared Indian colleagues, some of whom were working on H-1B skilled worker visas. They began filing complaints
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Apple is on course to post its highest-ever quarterly iPhone shipments in India, with early industry estimates indicating over three million units dispatched between January and March 2025, according to a Moneycontrol report citing IDC data. This marks a significant rise from 2.21 million iPhones shipped in the same period last year, underscoring the company’s rapid growth in the Indian market. According to preliminary figures from market intelligence firm IDC, Apple’s performance in India is being driven by a
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Foreign institutional investors (FIIs) snapped a nine-day selling streak on April 15, Tuesday, to buy domestic equities worth ₹6,065.78 crore, marking the third-largest single-day buying this year (₹11,111.25 crore on March 27; ₹7,470.36 crore on March 21). On the same day (April 15), domestic funds sold stocks worth ₹1,951.6 crore, according to NSE data. Till April 11, FIIs had sold stocks worth nearly ₹35,000 crore, while domestic institutions mopped up equities worth ₹27,600 crore that
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China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions, the White House said in a statement on Tuesday evening. The announcement came as President Donald Trump signed an executive order launching an investigation into the national security risks associated with US reliance on imported critical minerals. Trump admin to scrutinise mineral imports The order directs the Secretary of Commerce to initiate a Section
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India’s wholesale price index (WPI)-based inflation in March eased to 2.05 per cent from 2.38 per cent in February, according to data released by the Ministry of Commerce and Industry on Tuesday. The marginal decline in inflation was driven by falling prices in food and fuel & power segments, even as prices of manufactured products continued to edge up. WPI is used to measure the average changes in the prices of goods sold in bulk at the
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