Microsoft has announced another major round of layoffs, eliminating approximately 4,800 jobs across multiple divisions as the technology giant continues to restructure its business around artificial intelligence, cloud computing, and long-term growth priorities. The workforce reduction is part of the company’s broader strategy to streamline operations, improve efficiency, and reallocate investments toward rapidly expanding AI...
India’s technology industry is witnessing a major shift in hiring priorities, with demand for artificial intelligence (AI) professionals continuing to grow even as overall recruitment across the IT sector slows. The latest employment data indicates that organisations are increasingly investing in AI capabilities, reflecting a broader transformation in business strategies driven by automation, generative AI,...
Bank of Baroda has reached a significant milestone in resolving one of the most complex international banking disputes in recent years by agreeing to pay approximately ₹5,700 crore to settle legal claims related to the collapse of NMC Health in Abu Dhabi. The settlement brings closure to a long-running financial dispute that involved several international...
In one of the largest technology outsourcing agreements announced this year, HCLTech has secured a landmark $1.14 billion strategic partnership with a Europe-based Fortune Global 50 enterprise. The long-term agreement is centered on accelerating artificial intelligence adoption, modernizing digital infrastructure, and building next-generation AI-powered business capabilities. The multi-year engagement marks another significant milestone for the...
The Kerala government has formally expressed concern to Adani Ports regarding the reported diversion of cargo handled by Mediterranean Shipping Company (MSC) from the strategically significant Vizhinjam International Seaport. The state administration has sought a detailed explanation from the port operator, emphasizing that such developments could affect the port’s growth prospects, operational efficiency, and long-term...
In a significant boost to India’s industrial and manufacturing ambitions, Adani Enterprises Limited (AEL) has announced a massive investment of ₹1.08 lakh crore in collaboration with International Holding Company (IHC) of the United Arab Emirates to establish a world-class aluminium manufacturing project in Odisha. The landmark investment is expected to transform the eastern state into...
Former US President Donald Trump has reported one of the most remarkable financial expansions of his business career, with his wealth increasing by more than $1 billion over the past year. The dramatic rise has largely been driven by his aggressive entry into the cryptocurrency industry, alongside sustained earnings from real estate, licensing agreements, branded...
Hyundai Motor India reported total sales of 51,335 units in June, underlining a stable performance in the country’s competitive passenger vehicle market. The latest sales figure reflects consistent demand for the company’s portfolio despite evolving market conditions and shifting consumer preferences in the automobile sector. The monthly performance highlights Hyundai’s sustained presence as one of...
In a significant development bringing relief to commercial consumers across the country, the price of commercial liquefied petroleum gas (LPG) cylinders has been reduced by ₹183.50. The revision is expected to ease operational costs for businesses that rely heavily on LPG for daily functioning, including hotels, restaurants, catering services, and small-scale industries. The price cut...
Reports examining the financial footprint of former U.S. President Donald Trump have highlighted a rapidly expanding and increasingly diversified wealth portfolio spanning multiple sectors, including cryptocurrency ventures, large-scale real estate holdings, and international investment interests that extend into emerging markets such as India. The growing complexity of Trump’s financial ecosystem reflects a shift beyond traditional...