Australian telecom Telstra to axe 8,000 jobs to save USD 740 mn

Telstra Corp, Australia’s largest telecommunications company, today announced that it will axe 8,000 jobs – one in four employees – over three years in a bid to save 1 billion Australian dollars (USD 740 million). Telstra shares fell more than 7 per cent in early trading on the Australian stock market after the announcement to


Digital services’ failures widespread in India: Report

While almost all business decision makers in India agree that optimising digital performance is essential for the growth of their businesses, about two-thirds of them face critical digital services and applications failures at least a few times a month, a new global report revealed on Tuesday. Budget constraints, legacy networks and lack of visibility are


H-4 visa on hold till rulemaking process is complete: US immigration

No decision about H-4 visas is final until the rulemaking process is completed, a senior US official has said, days after over 100 lawmakers urged the Trump administration to continue granting work authorisation to certain dependent spouses of non-immigrant workers holding H-1B visas, the most sought-after among Indian IT professionals. The Trump administration is planning


Dish antenna maker Nucleus Satellite doubles FY18 rev to Rs 79.7 cr

Nucleus Satellite Communications Madras, a dish antenna maker for direct to home (DTH) operators, has doubled its FY18 revenue to Rs 79.7 crore on a provisional basis. This is a significant jump from Rs 39.3 crore it earned in FY17. Nucleus had surpassed the FY17 revenue in seven months of its operations in FY18. For