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LABOUR AND CONSTRUCTION CO OPERATIVE FEDERATION
Pakistani-American businessman caught in $38,000,000 adult day care scam; Prosecutors say millions were hidden as 'laddu' paymentsA Pakistani-American businessman, Pervez Siddiqui, and seven associates face charges for an alleged $38 million Medicaid fraud scheme. Pros...- Waymo recalls nearly 4,000 robotaxis after construction zone incidentsWaymo, a leading robotaxi company, has recalled almost 4,000 driverless cars. This action follows incidents where vehicles entered highway ...
- Federal regulators back Trump's plan to speed power to energy-hungry AI data centersFederal regulators are speeding up power grid connections for big energy users like AI data centers. This move aims to boost America's comp...
- RBI cancels licence of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit BankThe Reserve Bank of India has cancelled the banking license of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank due to its de...
- Govt plans financial aid for contractors to provide temporary homes to labourers at project sitesHousing Minister Manohar Lal Khattar announced plans to financially assist contractors for temporary labourer housing at project sites, fun...
- US Stock Market: Warsh signals overhaul of policy communications, skips rate projection in major shiftFederal Reserve Chair Kevin Warsh signalled a possible overhaul of the US central bank’s communication strategy after declining to submit h...
- AI-led growth continues to draw global capital into the US: Mitul KotechaThe Federal Reserve's hawkish stance has surprised markets, with revised inflation forecasts and the dot plot indicating a commitment to hi...
- Saudi Arabia limits instant work visas for new businessesSaudi Arabia has introduced new rules for instant work visas. Newly established businesses can now get up to five visas. Older companies ca...
- Realtors eye margin relief as US-Iran peace deal raises hopes of lower fuel costsA potential peace deal between the US and Iran offers hope for India's real estate and construction sectors. Developers are watching oil pr...
- India's Wipro opens AI centre for Anthropic's Claude in BengaluruWipro has launched a new AI hub in Bengaluru. This centre focuses on Anthropic's Claude models. It aims to help businesses adopt AI more wi...
- When environmental rules stall housing, not pollutionIndia's environmental clearance process often delays urban housing projects, raising costs and slowing jobs without improving protection. A...
- US Stock Market: Warsh faces key test as new Fed chair amid inflation concernsFederal Reserve Chair Kevin Warsh faces his first major policy test as inflation remains elevated and markets await clues on future interes...
- AI is making blue collar workers like electricians, mechanics richer than office workersArtificial intelligence is creating new, lucrative roles for skilled tradespeople in India, with demand for electricians, HVAC technicians,...
- Indian staffing cos step up global reach to diversify revenuesIndian staffing companies are actively expanding their global reach. They are tapping into international talent shortages across sectors li...
- RBI imposes restrictions on Mogaveera Co-operative Bank for 6 monthsThe restrictions are effective from the closure of business hours on Friday for a period of six months and are subject to review, the Reser...
- Google to invest $50 million to train over 300,000 workers for construction and technical jobsGoogle is investing fifty million dollars to train more than three hundred thousand workers. This initiative targets construction and techn...
- China firm secures Kenya Airport revamp deal after Adani falloutKenya has awarded a $2.9 billion airport upgrade contract to China Communications Construction Co., two years after canceling a deal with I...
- Mahindra's SUV output dips up to 15% in June amid supply chain worker crunch; XUV 7XO, Thar production hitMahindra & Mahindra is experiencing a significant drop in SUV production. A shortage of contract workers is affecting key parts suppliers. ...
- Swiggy, Zomato, Uber asked to register gig workers by June 21: ReportApp-based platforms like Swiggy, Zomato, Uber, Ola, Rapido, Blinkit, and Zepto must register their gig workers on the e-Shram portal by Jun...
- L&T betting big on 'digital workers' to overcome manpower challenges in projects: CFO R Shankar RamanLarsen & Toubro is embracing automation and robotics to boost construction. The company aims to transform the industry by reducing reliance...
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