Author: TI Editor
Infosys has said that it will implement changes in its attendance software to make sure that employees work for at least 10 days a month from office. In an email to functional heads, Infosys said that the new policy will be effective from March 10.According to a report by The Economic Times the new changes will put a cap on the number of work-from-days that can be applied each month.“To support this, starting March 10, 2025, system interventions will be implemented to limit the number of work-from-home days that can be applied each month. These measures are designed to ensure…
L&T Chairman SN Subrahmanyan, who came into the spotlight months ago for endorsing 90-hour work weeks, on Thursday announced that women employees in the L&T parent group will now be entitled to one day of paid menstrual leave.Women employees comprise of roughly 9 per cent of L&T’s 60,000-strong workforce. The move is expected to benefit over 5,000 women employees at the company.Subrahmanyan announced the move at a company event to celebrate International Women’s Day, PTI reported quoting sources.Exact details of how to implement the announcement will be formulated by the relevant officials shortly, the wire agency reported.With the announcement, L&T…
US President Donald Trump has signalled his willingness to save the popular short-video app TikTok from another potential ban. Notably, TikTok was briefly taken offline in the US due to a bipartisan law called the Protecting Americans from Foreign Adversary Controlled Applications Act, but upon resuming office, Trump gave the app a 75-day reprieve to comply with the law via an executive order.The law stated that TikTok had to cut ties with its Chinese parent company, ByteDance, or be banned in the US. While granting the extension in January, Trump had proposed a possible joint venture between TikTok’s current and…
Sunny Hu was about to go to bed when her phone lit up bearing bad news for her outdoor furniture business: More US tariffs just dropped. “I’m speechless. I feel like there’s nothing I can do,” said Hu, whose company makes patio sets in eastern China and sells mostly to American retailers. The next day, her US sales team brought another dreaded update — some customers held their orders because of Donald Trump’s torrent of levies. Trump’s rapid-fire measures are rippling across a sector that powered almost a third of China’s growth last year. The tariffs look set to inflict…
(Bloomberg) — Walgreens Boots Alliance Inc. agreed to be purchased by Sycamore Partners for $10 billion, turning one of the oldest, most recognizable US drugstore chains into a private company. Sycamore will pay $11.45 a share in cash for Walgreens, according to a statement Thursday. The offer represents a roughly 8% premium to Walgreens’ closing price Thursday in New York. The shares rose 5.7% after US markets closed before being halted. A representative for Walgreens didn’t immediately respond to a message seeking comment. The Wall Street Journal reported the news earlier. The purchase price is a stunning decline from Walgreens’…
With the 25% tariff US President Donald Trump levied on imports from Mexico and Canada, Volkswagen expects that its vehicles made in North America will most likely avoid them. However, other carmakers, including BMW, may not be exempt, according to a report by news agency Reuters.This week, Trump granted one-month relief on tariffs to automakers that complied with the United States-Mexico-Canada Agreement (USMCA), after stating that duties would go into effect on March 4. The automakers that will eventually face tariffs remain unclear.Vehicles made by Volkswagen in North America comply with USMCA, the report quoted a Volkswagen spokesperson. While BMW…
(Bloomberg) — A day before President Donald Trump delayed tariffs on some Mexican and Canadian goods, a group of restaurant chains that included McDonald’s Corp. and Chick-fil-A told White House officials that the duties would have an immediate negative impact on the industry because it relies on imported meat and produce. Representatives for several restaurant companies, which also included Taco Bell parent company Yum! Brands and Dunkin’ owner Inspire Brands, met with White House economic advisers on Wednesday, according to people familiar with the matter. The meeting, led by the National Restaurant Association, was planned weeks in advance as part…
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Samuel Bankman-Fried appeared on former Fox News host Tucker Carlson’s podcast, bashing former President Joe Biden and Securities and Exchange Commission Chair Gary Gensler as his parents seek a pardon from Donald Trump. Bankman-Fried, who is serving a 25-year sentence over his role in the collapse of his FTX cryptocurrency exchange, said that he was “shocked” by the first two years of Biden’s administration and said that crypto regulation under Gensler was “something of a nightmare.” In contrast, he said on the podcast, released Thursday, that he was hopeful about what he had heard from Trump. “Obviously, the follow through…
A real estate investment trust sponsored by asset manager Blackstone Group and Bengaluru developer Sattva Group filed its draft papers with the market regulator for an initial public offering (IPO) to raise around ₹7,000 crore. The Knowledge Realty Trust has a portfolio of 30 Grade A office assets across 48 million sq. ft., mostly concentrated in Bengaluru, Hyderabad and Mumbai. It will be majority owned by Blackstone at 55% while Sattva Group will hold the rest, the company said in its offer document filed with the Securities and Exchange Board of India (Sebi). It will be the second largest real…