Chinese developer Sunshine 100 defaults on $170-m bond

Sunshine’s default comes days after Evergrande Group announcement regarding debt repayment issues

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Infosys lays off hundreds after failing internal assessments in Mysuru

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Hundreds of campus recruits who joined Infosys in October 2024 are being forced to resign after failing three consecutive evaluation tests at the IT giant’s Mysuru campus.  Nascent Information Technology Employees Senate (NITES) president Harpreet Singh Saluja was quoted by the Deccan Herald (DH) saying that the number of employees being laid off is around 700, although Infosys admits the figure to be around 300.  According to the Economic Times , 400 employees were called in batches and asked to resign on February 7. The employees were reportedly asked to walk off with a month’s salary and access to some courses otherwise they would be terminated making it difficult for them to be hired anywhere else. Also Read Infosys co-founder, 17 others booked for caste discrimination against Dalit professor Bouncers deployed to intimate the employees Bouncers and security personnel were deployed to intimidate the employees and they were also asked to keep their mobiles and lap...
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Greater Bengaluru Committee proposes seven municipal corporations

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