India's HPCL seeks 10 LNG cargoes for March 2026-December 2027 delivery, sources say
HPCL is seeking one cargo per month for delivery in March, April, October and November in 2026, and in February, April, June, August, October and December in 2027, added one of the sources.
The tender closes on July 21.
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Reuters
6 hours ago
- Reuters
Indian tech company TCS to cut workforce by 2%, affecting more than 12,000 jobs
BENGALURU, July 27 (Reuters) - India's largest IT services provider Tata Consultancy Services ( opens new tab will reduce its workforce by 2% in its 2026 financial year, primarily affecting middle and senior management, the company said on Sunday. The company is retraining and redeploying staff as it enters new markets, invests in new technology and deploys AI, but about 12,200 jobs will be cut as part of the process, it said. "This transition is being planned with due care to ensure there is no impact on service delivery to our clients," the company added. India's $283 billion IT sector has had to contend with clients holding back non-essential technology spending because of weak demand, persistent inflation and lingering uncertainty over U.S. trade policies. TCS Chief Executive K Krithivasan said this month that there were delays in client decision-making and project starts.
The Guardian
11 hours ago
- The Guardian
Priming students for work: how industry collaboration supercharges learning at Derby International Business School
If you're planning a career in business and want to study a business degree, how do you go about picking a university? There are academic league tables, of course, plus the degree's curriculum, employment record and, perhaps, location. But there are also harder-to-measure but equally important factors, such as the culture of a business school and the strength of its connections to industry. For Derby International Business School, collaboration with industry − and making sure that its courses reflect changing technologies, industry skills needs and business practices − is particularly important, as is ensuring its students are in demand by employers. These priorities will be reflected when the University of Derby's Cavendish Building, the new home of Derby International Business School, opens in September and welcomes students through its doors. This will include the first cohort embarking on a new two-year accelerated degree in international business and AI, launched in partnership with global industry giant Rolls-Royce. The first of its kind, the BSc (hons) international business and AI programme includes 'live briefs' – problems to solve and projects to work on – that have been co-created by academics and industry professionals. The degree will focus on the real-world application of AI – and 'the realities of business in an AI-enabled world'. It aims to equip students with advanced technological and business skills to compete in the international jobs market. The course has been designed to 'focus on needs, skills and competencies that are required by the future work market', says Parminder Johal, head of discipline for accounting, economics and finance at Derby International Business School. 'It will include people from Rolls-Royce, acting as mentors, supporting students in their projects and delivering guest lectures, providing them with a high-quality industry-engaged teaching and learning experience.' AI technology is advancing fast – but by equipping students with up-to-date skills such as AI fundamentals and managing 'big data', and combining these skills with business troubleshooting, those students will graduate well prepared for the international jobs market. 'The aim is to equip students with a skill set that's going to enable them to apply advanced technological solutions to business problems,' says Johal. The Cavendish Building will further deepen links between the business school and international industry. The new seven-storey building will also act as a co-working space and startup-style business 'incubator' for Derby's business community. Designed with collaboration in mind, it will provide a place where students, entrepreneurs and expert academics can network and learn from each other. The business school's partnership with industry also includes developing bespoke, MBA-style management courses for managers at companies. Such business training has included developing a one-year course for Holcim, one of the world's biggest suppliers of building materials. The course develops Holcim's managers in areas that include marketing, operations management, finance and strategy. Dr Simon Smith, senior lecturer and programme leader at the University of Derby, who developed the bespoke course in partnership with Holcim, likens it to a mini-MBA programme. 'It takes managers at the company, who are already fairly senior, to the next level and elevates their practice,' he says. During the global programme, which began in 2021, participants are invited to week-long residentials in France, Mexico and at the University of Derby. During these stints, participants learn about the application of theory in real-world scenarios through site visits and hear from visiting speakers who are experts in their field. The business school hopes to build more bespoke business courses for companies. Doing so brings multiple benefits – for corporate customers, the business school (through additional income and corporate links) and for its students, says Smith. 'I've been working with this company for about five years, and I've learned a huge amount,' he says. 'It's about the cross-fertilisation of ideas. It gives me industry-informed examples to teach my students, which means they are benefiting from understanding what the industry wants and needs.' For their part, Holcim executives and managers who have taken the course say it's proved useful and interesting. 'You need good self-discipline – but you also have a lot of fun within the team,' says Daniel Eppler, a course alumnus at Holcim. 'You can develop your knowledge and also your leadership skills.' Noureddine Djidi, who leads the programme at Holcim, adds that the course helps the company prepare for the future. 'By working with the University of Derby, we have the best of both worlds. In fact, the programme perfectly combines the theory, structure and scientific rigour of academia with the hands-on and practical nature of the industry.' The university's proactive approach to industry engagement is therefore beneficial for students and businesses alike – with graduates armed with the valuable skills and experience for a successful career in business. 'A central point for our business community' In September, the University of Derby will open the doors to the brand new home of its Derby International Business School in the city centre. The new seven-storey Cavendish Building is intended as a focal point for Derby's business community, with entrepreneurs able to use the facilities and access the university's expertise. The space has been designed to foster co-creation between students, academics and businesses, who will work alongside each other and have opportunities for networking. The setup aims to encourage conversations, knowledge sharing and practical innovation, initiating collaborations to help solve business challenges. The new teaching facilities, which reinforce applied learning, include: a creativity lab, an extended reality suite (simulating a finance environment), a Harvard-style lecture theatre, an auditorium, exhibition space and a logistics lab. The first two floors of the building will be 'open access' with space for people to hold meetings or undertake project work. 'Collaborating with businesses to enable them to thrive and grow is a key part of the University of Derby's ethos,' says Smith. 'Through knowledge, experience and impactful research, we are helping businesses to deliver real-world impact. 'The new Cavendish Building will be a central point for our business community – a vibrant, collaborative space that showcases the breadth of what we offer; acting as a hub for knowledge exchange and innovation, and we are looking forward to opening our doors to further exciting opportunities.' To find out more about studying at Derby International Business School, visit
Reuters
a day ago
- Reuters
Indian firm says it shipped non-military explosives to Russia
NEW DELHI, July 26 (Reuters) - An Indian firm that shipped $1.4 million worth of an explosive compound with military uses to Russia in December said on Saturday it complies with Indian rules and the substance it had shipped was for civilian industrial purposes. Reuters reported on July 24 that Ideal Detonators Private Limited shipped the compound, known as HMX or octogen, to two Russian explosives manufacturers despite U.S. threats to impose sanctions on any entity supporting Russia's Ukraine war effort. One of the Russian companies listed in Indian customs data as receiving the compound is the explosives manufacturer Promsintez. An official at Ukraine's SBU security service has said the Russian company has ties to the military and that Ukraine launched a drone attack in April against a Promsintez-owned factory. Promsintez did not respond to a request for comment. Ideal Detonators said in an emailed response to Reuters that the material it shipped was not military grade. "The shipment ... is for industrial activity and it's a civil explosive," the company said. The U.S. government has identified HMX as "critical for Russia's war effort" and has warned financial institutions against facilitating any sales of the substance to Moscow. The U.S. Treasury Department has the authority to sanction those who sell HMX and similar substances to Russia, sanctions lawyers have said. HMX is widely used in missile and torpedo warheads, rocket motors, exploding projectiles and plastic-bonded explosives for advanced military systems, according to the Pentagon's Defense Technical Information Center and related defense research programs. The compound also has some limited civilian applications in mining and other industrial activities.
