Layoffs are being done across the tech industry and thousands of employees who were working at Microsoft, Google as well as Meta are impacted in a big way. People are facing financial issues and are unable to support their families, while some have limited time to secure a new job or they will be deported to their home country because of an H1B visa. There are workers who are on a job hunt for months and are struggling to find a job. Nicholas Knowlton, who was recently laid off at Microsoft, is one of them.

Knowlton has been searching for a job for the past two months, ever since Microsoft announced the layoffs. The laid off employee was a cloud solution engineer at the company, and he is now actively looking for new roles. Knowlton revealed on LinkedIn that he has applied for more than 250 roles and attended 57 recruiter calls, but he hasn't secured a job offer yet.

Cabinet on Wednesday approved a revival plan for the state-run Bharat Sanchar Nigam Ltd (BSNL) worth Rs 89,047 crore. It includes an allotment of 4G/5G spectrum for BSNL through equity infusion. 

With this, the authorized capital of BSNL will be increased from Rs 1.5 trillion to Rs 2.1 trillion.

"With this revival package, BSNL will emerge as a stable telecom service provider focused on providing connectivity to the remotest parts of India," the Centre said in a press release. 

While the markets ended flat, buying was seen in rate-sensitive stocks like banking, auto and realty ahead of the RBI’s MPC meet later this week. With expectations rising that central bank could once again take a pause on rate hike, hopes of steady interest rates going ahead triggered optimism in the rate-sensitives.

Technically, the market is consistently holding a higher bottom formation. For traders, 18550 would be the trend decider level. Above the same, the index could move up to 18700-18750. On the flip side, below 18550, uptrend would be vulnerable and below the same, the market could retest the level of 18480. Any further correction, could drag the index till 18440.

The Congress has opened a mega shopping mall of hate, BJP national president JP Nadda said, in a sharp attack on Rahul Gandhi, who is currently touring the US. Nadda accused Gandhi of trying to divide the Hindus and the Muslims, stating that the grand old party is running no "mohabbat ki dukaan (shop of love)". 

"Whenever India sets a new record, the 'Yuvraj' of Congress, Rahul Gandhi, cannot digest India's pride. On the one hand, they raise questions about the surgical strike, talk about dividing Hindus and Muslims, and on the other hand, they say that they are running a shop of love. You have opened a mega shopping mall of hatred," the BJP leader said, as he launched a book on the achievements of the Modi government in the nine years it has been in power.

Indian IT tech company Infosys made headlines earlier this year for firing freshers after they couldn't clear an internal test. The company, like many other tech giants, has been in cost-cutting mode for quite some time and even slashed the average variable pay of its employees. The CEO of the company, Salil Parekh, also got a reduction in his total salary for the financial year 2022-23, a report reveals. 

According to a report in Business Today, Infoys CEO Salil Parekh got a reduction of 21 per cent in his annual salary last year. He earned Rs 56.44 crore in the financial year 2022-23, which is less when compared to the previous year. In the financial year 2021-22, Parekh got a total salary of Rs 71 crore. The same was revealed in the company's annual report.