News digest: Flipkart-Walmart deal, staff addition by IT firms, and more

The recent movement in the rupee is being taken in all seriousness by corporates in India, and they are queuing up to hedge their foreign exchange (forex) exposures, say currency consultants

Employee addition by Indian information technology's Big 4 drops over 76%

Net employee addition by the top four Indian information technology (IT) services companies in 2017-18 dropped by more than three-fourths. Even though these companies showed good revenue growth during that period, the non-linearity drive the industry had undertaken had been clearly paying dividends. Read more

India Inc lines up to hedge forex exposures before it is too late

The recent movement in the rupee is being taken in all seriousness by corporates in India, and they are queuing up to hedge their foreign