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Newsletter | TCS, Infosys & HCLTech in cost-cutting mode; Supreme Court's verdict on same-sex marriages & more
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Newsletter | TCS, Infosys & HCLTech in cost-cutting mode; Supreme Court's verdict on same-sex marriages & more
Oct 17, 2023 4:36 AM

Here's a rundown of 11 significant news stories to keep you in the know:

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TCS, Infosys and HCLTech: Indian software giants are in cost-cutting mode

India's top three technology service providers - Tata Consultancy Services Services (TCS), Infosys and HCLTech have focussed aggressively on cost-cutting during the July-September period and that has been the key highlight of the quarter.

The outlook of these three giants remains uncertain as revenue growth has slowed. Therefore, the focus has shifted to the margin front. All three companies have surpassed EBIT margin expectations for the quarter, witnessing a jump of more than 100 basis points each.

TCS, Infosys and HCLTech: Indian software giants are in cost-cutting mode

Same-Sex Marriage Verdict LIVE Updates | Legal recognition of civil union is a move toward queer marriages: Justice Kaul

Justice Bhat said, “We agree with CJI on the inapplicability of SMA. Gender neutral interpretation may not be equitable and can expose women to vulnerabilities.”

“The Centre had proposed a high-powered committee. We proceed to agree with CJI with respect to the right of trans persons to marry,” he said

On the right of adoption, we disagree with CJI and have voiced concerns. Not that queer couples can’t be good parents but children may be deprived of legal benefits flowing to children of heterosexual couples. Justice Bhat said.

US President Joe Biden to visit Israel on Wednesday says Secretary of State Blinken

US President Joe Biden will visit Israel on Wednesday, the country's Secretary of state Antony Blinken said on Wednesday.

The visit is designed to signal US solidarity with its closest Middle East ally and help prevent the conflict from engulfing the region. Biden, who was invited by Prime Minister Benjamin Netanyahu, is expected to meet with the Israeli leader to discuss US assistance ahead of expected ground operations in the Gaza Strip.

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