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Number of liquidations going down under IBC: IBBI chief

The Insolvency and Bankruptcy Board of India (IBBI) in its latest newsletter said that over the years since the introduction of the Insolvency and Bankruptcy Code (IBC), more companies are getting resolved, and the number of liquidations is going down.

Indian companies to clock 7-8% growth during March quarter: ICRA

Indian companies are likely to clock 7-8% revenue growth during the March quarter of the current fiscal year, domestic rating agency ICRA said on Monday. It highlighted that the growth will be led by revival in rural demand and uptick in government spending.

TCS to create 1,200 new jobs in US amid layoff season

Amid the layoff season, tech major TCS on Thursday announced plans to create 1,200 new jobs in the US by the end of 2024. The Indian company will create these jobs in the state of Illinois, along with accelerating its STEM outreach efforts in local schools to cover 25 per cent more students and teachers.

Rocket startup Astra lays off 16% of its workforce

Astra, a rocket startup based in the US that went public last year, has fired 16 per cent of its staff as part of a wider strategy to increase the shrinking financial runway and decrease expenses.