Business

Amazon is reportedly set to lay off around 30,000 corporate employees starting Tuesday, marking its largest workforce reduction since the pandemic. The cuts, part of CEO Andy Jassy’s cost-cutting drive, will affect multiple divisions, including AWS, HR, and devices.

Asian stocks surged as trade deal hopes lifted sentiment during President Trump’s Asia tour, with Japan’s Nikkei 225 topping 50,000 for the first time. Growing optimism over US-China negotiations, strong corporate earnings and easing inflation concerns boosted markets across the region

The rupee slipped 12 paise to 87.95 against the US dollar on Monday, weighed down by higher crude oil prices amid optimism over a US-China trade deal. Forex reserves rose by USD 4.5 billion to USD 702.28 billion, RBI data showed.

IndiGo has resumed direct flights between Kolkata and Guangzhou, marking the return of air connectivity between India and China after over five years. The daily service, operated by an Airbus A320, will be followed by Delhi–Guangzhou flights starting November 10.

Without regular check-ins, social engagement, or reliable systems of care, many elderly individuals are left to fend for themselves

For all our talk of ‘disruption’, no one has disrupted time, space, and biology more completely than mothers

Commerce and Industry Minister Piyush Goyal will visit Brussels on October 27–28 to meet EU Trade Commissioner Maros Sefcovic. The visit aims to accelerate India–EU FTA talks and provide political direction for a comprehensive and balanced trade deal

Tata Technologies CEO Warren Harris said the steep US H-1B visa fee hike will not affect the company immediately, due to its locally staffed global model. He expects future resourcing shifts, while aerospace growth offsets tariff-related automotive slowdowns, boosting quarterly performance

The Reserve Bank of India has proposed allowing banks to finance Indian companies for domestic or overseas acquisitions. The draft sets eligibility criteria, financing limits, and safeguards, aiming to promote strategic investments while ensuring responsible lending practices

Reliance Industries and Meta have formed a Rs 855 crore joint venture, Reliance Enterprise Intelligence Limited, to market and distribute enterprise AI services in India. The partnership offers cloud and hybrid AI solutions for industries including IT, finance, sales, and marketing

LIC clarified that its investments in Adani group companies were made independently, following board-approved policies and detailed due diligence. The insurer denied any involvement of the government, emphasizing diversified investments across top Indian firms and robust fund management practices

Congress demanded Parliament’s Public Accounts Committee investigate LIC after a Washington Post report claimed it invested Rs 33,000 crore in Adani securities. LIC denied the allegations, calling them “false and baseless,” while the opposition accused the government of cronyism

Facebook Overseas will hold a 30% stake in Reliance Enterprise Intelligence Ltd, Reliance Industries’ new AI venture. The joint venture, aimed at developing and marketing enterprise AI services, will see an initial investment of Rs 855 crore by both partners.

The US is keen to finalise a trade deal with South Korea once Seoul accepts “appropriate” commitments, a senior official said. The two nations are negotiating terms of a $350 billion investment pledge ahead of the Trump-Lee summit in Korea.

Michezo Sports has closed a funding round led by Centre Court Capital with participation from Rainmatter. The investment marks the formal entry of venture capital into India’s largely unorganised sports infrastructure industry.

Reliance Industries said it will comply with all applicable sanctions and recalibrate its refinery operations after the US imposed fresh restrictions on Russian oil majors Rosneft and Lukoil. The company said it is assessing the impact on its long-term crude supply deals

Dr Reddy's Laboratories reported a 14.5 per cent rise in consolidated Q2 profit to Rs 1,437 crore, driven by strong branded sales. Revenue grew to Rs 8,805 crore, with robust performance in Europe, India, and emerging markets offsetting North America declines

Mumbai markets opened lower on Friday as Sensex fell 153 points and Nifty dropped 51 amid profit booking and FII outflows. Despite recent highs, Hindustan Unilever and Kotak Bank declined, while ICICI Bank and Tata Steel gained; Asian markets traded higher

India has emerged as the top target for Lumma Stealer malware, with over 44,000 infected Windows devices between March and May 2025, according to Microsoft’s Digital Defense Report. The country ranks eighth globally in overall cyber threat exposure, facing rising identity-based attacks and infiltration by North Korean IT operatives.

From November 1, 2025, bank customers can nominate up to four persons in their accounts, either simultaneously or successively. The Banking Laws (Amendment) Act, 2025, aims to ensure transparency, uniformity, and efficient claim settlement across all banks

A Bengaluru girl filed a police complaint against her lover and his family, alleging sexual exploitation and forced conversion to Islam for marriage. The case has drawn political attention, with Hindu groups and BJP leaders demanding a thorough investigation

The Unified Payments Interface (UPI) recorded its highest-ever single-day value of Rs 1.02 lakh crore on October 18, buoyed by strong festive demand and GST rate cuts that boosted consumer spending. Retail sales also surged to an unprecedented Rs 6.05 lakh crore

State Bank of India has been named World’s Best Consumer Bank 2025 and Best Bank in India 2025 by Global Finance, New York. Commerce Minister Piyush Goyal lauded SBI’s role in driving financial inclusion and strengthening India’s growth story

Apple shipped 4.9 million iPhones to India in Q3 CY25, a 47% YoY increase, driven by the iPhone 17 series and festive demand. India accounted for 9% of global shipments, while exports surged 75% to $10 billion.