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● Neutral for Indian equities
IITs plan a two-year campus hiring freeze on 22 firms after over 150 offers go unhonoured
The brief
- More than 150 offers across 23 IITs were not honoured
- Oracle and 21 other firms are among the 22 companies facing the freeze
- Oracle’s India hiring pipeline may be affected; the reports do not identify other Indian-listed employers
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- Oracle invokes force majeure over New Mexico data-centre project