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Home  Business

Business

Amazon, Intel, other global giants to slash huge workforce amid AI boom

Amazon, Intel, other global giants to slash huge workforce amid AI boom

  • RBI appoints Indranil Bhattacharyya as new Executive Director

    Prior to his promotion as ED, Indranil Bhattacharyya was serving as Adviser in the Monetary Policy Department of the RBI
  • Adani Group to strengthen foothold in realty space, in talks to buy Emaar’s India business

    Emaar Properties entered the Indian real estate market in 2005 in partnership with India’s MGF Development. It has a large portfolio of residential and commercial spaces across Delhi-NCR, Mumbai, Mohali, Lucknow, Indore and Jaipur
  • BMW Group India to hike prices by up to 3 pc from April 1

    According to the official notification, the revised prices will come into effect from April 1, 2025. However, the company has not specified which models will see the highest price increase.
  • India’s coffee exports rise to 40 per cent in April-Feb

    In Rupee terms, the exports increased 43.37 per cent to Rs 13004.75 crore during April-Feb 2024-25 from Rs 9,070 crore in the same 11-month period last
  • Centre seeks reply from X over its chatbot Grok’s controversial responses

    Recently, Grok's use of abuses and slang in Hindi to an X user sparked controversy. This occurred after the X user, who had prompted Grok to provide a list of the '10 best mutuals', responded to the chatbot with some harsh comments
  • Sensex, Nifty surge as IT stocks rally; Fed rate cut outlook boosts markets

    The 30-share BSE Sensex climbed 478.13 points to reach 75,927.18 in early trade, while the NSE Nifty advanced 149.1 points to 23,056.70. Among the top gainers from the Sensex pack were Infosys, Tata Consultancy Services, Bharti Airtel, HCL Tech, Zomato, Tech Mahindra, Titan, and Mahindra & Mahindra.
  • Rupee gains 12 paise against US dollar amid positive equities, weak greenback

    Forex traders noted that the Indian rupee has pushed back against external pressures, bolstered by strong foreign inflows into debt markets. However, persistent foreign institutional investor sell-offs and uncertainty over Trump's tariff stance could still threaten the rupee's upward trajectory.
  • India banned over 1,000 betting, gambling websites in 2024

    Ashwini Vaishnaw, Minister for Electronics and Information Technology, told the Lok Sabha that both State governments and the Centre have to work together to deal with such activities
  • Rs 10,600 crore fertilizer project in Assam gets Cabinet nod

    The ammonia-urea complex will come up on the existing premises of the Brahmaputra Valley Fertiliser Corporation Limited at Namrup
  • Registrations of homes priced over Rs. 1 cr rise by 1 per cent in Hyderabad, overall registrations witness 16 per cent decline

    A strong shift toward premiumisation has emerged and homes priced at Rs.1 crore and above increased by 1 per cent YoY, accounting for 18 per cent of total registrations in February 2025
  • Uber India narrows losses to Rs 89 crore, expenses surge 26 per cent

    Employee costs accounted for nearly 68 per cent of overall spending, up 29.4 per cent to Rs 2,690 crore in the fiscal year ending March 2024
  • Steel dump from China: India’s Commerce Ministry recommends 12 per cent safeguard duty on certain products

    Domestic steel players have raised concerns over increasing imports of steel from nations like China
  • Adani Group enters Indian professional golf

    Adani Group to launch Adani Invitational Golf Championship 2025 in partnership with Kapil Dev-led Professional Golf Tour of India
  • How to Use a SIP Plan Calculator?

    Knowing how to Use a SIP Plan Calculator for Effective Investment Planning A Systematic Investment Plan (SIP) allows individuals to invest a fixed amount at regular intervals.
  • Rupee slips 10 paise to 86.66 against US dollar amid fed rate decision, trade concerns

    Forex traders noted that the local currency received support from declining crude oil prices and an influx of foreign capital into domestic equity markets. At the interbank foreign exchange, the rupee opened weaker at 86.60, dropped to 86.68, and was trading at 86.66 against the US dollar in early transactions, marking a 10-paise decline from its previous close.
  • Google to buy cloud security platform Wiz for $32 billion

    The acquisition represents an investment by Google Cloud to accelerate two large and growing trends in the AI era —improved cloud security and the ability to use multiple clouds
  • Opinion: Leakages in India’s water security

    If India does not act now, the next decade could see a severe water crisis affecting not just agriculture and industry but also basic human survival
  • Sensex zooms 1,131 points amid bullish trend, reclaims 75,000-level

    The 30-share BSE Sensex settled at 75,301.26 while the NSE Nifty surged 325.55 points or 1.45 per cent to 22,834.30 on March 18
  • Rights petitions against Adani Green Energy projects in Sri Lanka withdrawn

    The withdrawal comes after Adani Green Energy notified the Board of Investment about its decision to cancel its wind energy projects in Mannar and Pooneryn
  • Farmers struggle to sell mangoes due to lack of market in Mancherial

    Around 50,000 tonnes of mangoes are expected to be produced in the district this year
  • Flying from Mumbai to become costlier as MIAL proposes steep hike in User Development Fee

    At present, international passengers flying from Mumbai International Airport are charged Rs 187 while domestic passengers don’t have to pay any such fee
  • LG Electronics India gets SEBI nod for IPO, to raise funds via offer for sale

    The company, a wholly-owned subsidiary of South Korean giant LG Electronics Inc., had filed its draft red herring prospectus (DRHP) with SEBI on December 6, 2024
  • LG Electronics among the top IPOs to watch out for

    LG Electronics India Ltd, Innovision Ltd receive Sebi’s approval to raise funds through initial public offerings
  • India remains high-growth real estate market in APAC amid resilient economy

    Among the nine markets in the APAC region, India, South Korea, Taiwan and Australia saw significant investment growth, each recording more than 30 per cent year-on-year increases during the period, according to a Colliers report
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