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The number of workers to be fired wasn't specified at the moment, reports Bloomberg, citing sources.
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A fall in crude oil prices and early gains in equity markets also supported the local currency, according to forex dealers.
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The sacking episodes have gained speed amid global economic meltdown and recession fears.
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MediBuddy, an end-to-end digital healthcare platform in India, has laid off 8 per cent of its workforce, around 200 people, across all departments as a restructuring exercise.
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The company has issued termination letters to all the affected employees and stated that despite adequate training, they have failed to perform.
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Semiconductor major Microchip Technology has acquired 1,68,000 sft of office space in One Golden Mile at Kokapet
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The 30-share BSE Sensex declined 107.59 points to 60,750.84 in early trade despite a positive beginning. The broader NSE Nifty went lower by 29 points to 18,078.85.
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Forex traders said the rupee opened stronger tracking gains in the non-deliverable forward (NDF) markets.
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The aerospace company has delivered the first fuselage for six AH-64 Apache attack helicopters ordered by the Indian Army from its Hyderabad facility.
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The announcement to set up the GCC was made during IT Minister KT Rama Rao’s meeting with WebPT CEO, COO at the World Economic Forum, Davos.
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In a session at the ongoing five-day annual meeting of the World Economic Forum, Nadella said that technology will provide more and more ways to bring people together.
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At the time, there were reports that around 10,000 people would be affected, including members of its hardware and services, human resources, and retail teams.
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Dr Reddy's Laboratories reduced the price of its cardiovascular drug Cidmus, MSN Group, launched the world’s first generic Palbociclib tablets for advanced breast cancer therapy
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Sky News reported that Satya Nadella-run company is "finalising plans to become the latest technology giant to reduce its workforce during a global economic slowdown".
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Public sector lender Bank of India posted a 20% increase in its net profit at Rs 1,151 crore in the quarter ended December
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T-Hub partnered with f5, GitHub, Digital Fabric, Moolya Testing and UCC for this cohort to give startups hands-on industry experience
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City-based Maithri Aquatech, which is into atmospheric water generation, said it won the ‘Mohammed Bin Rashid Al Maktoum Global Water Award’
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In 2022, over 1,000 companies laid off 154,336 workers, as per the data from layoffs tracking site Layoffs.fyi.
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Sensex traded at 60,316.99 points, up 224.02 points or 0.37 per cent, whereas Nifty was at 17,964.75 points, up 69.90 points or 0.39 per cent.
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The year 2022 saw record-high housing sales and new launches across the top seven cities including Hyderabad
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Bengaluru, Hyderabad, and Chennai collectively saw about 81,580 units completed in 2022, against 63,870 units in 2021
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The GCC has scaled up from just 30 employees in Hyderabad to over 1,200 employees in less than four years across their facilities in Hyderabad, Pune, and Bengaluru
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T-Hub emerged as the winner in the category for its efforts to support the growth of the startup ecosystem in Telangana
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"The Modi government has not levied any new tax on the middle class in any budget so far. No tax has been imposed on people who earn up to Rs 5 lakhs," Sitharaman said during the event.
