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More than 40 companies, including Amazon, Meta, UPS and Walmart, have announced layoffs in 2026  (Pexel/Representative image) (Pexel)
Posted in Business

Why more than 40 companies, including Amazon, Meta and Oracle, are cutting thousands of jobs: Check full list

More than 40 companies have announced job cuts in 2026 so far. These layoffs are happening across many industries, including technology, media, finance, retail, healthcare,…

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Google stock falls as Demis Hassabis steps down as DeepMind CEO, Jeff Dean exits. (REUTERS/Steve Marcus/File Photo) (REUTERS)
Posted in Business

Google stock falls 4% as Demis Hassabis steps down in DeepMind leadership shake-up

Google shares fell nearly 4% after the company announced major leadership changes in its AI-focused DeepMind division. Alphabet’s Class C (GOOG) stock was trading at…

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Mr Aschenbrenner is in his mid-20s and runs Situational Awareness, a hedge fund—named without irony—which posted a loss of 67% in July.
Posted in Business

Investors in Situational Awareness deserved to lose their shirts

Readers of J.R.R. Tolkien’s “The Lord of the Rings” trilogy meet Frodo Baggins, its hero, when he is still in his tweens. This, Tolkien explains,…

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Uber shares fall 4.8% as the company plans to invest over $10 billion in robotaxis. (Photo by Heather Diehl / GETTY IMAGES NORTH AMERICA / Getty Images via AFP) (Getty Images via AFP)
Posted in Business

Uber stock fall 4.8% as company plans $10 billion robotaxi push across 15 cities

Uber shares fell after the company announced a major push into robotaxis. Uber said on Wednesday that it plans to spend more than $10 billion…

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AMD stock falls after earnings beat estimates as investors seek stronger AI growth. (REUTERS/Chris Helgren) (REUTERS)
Posted in Business

AMD stock falls despite earnings beat: Why investors are still worried about AI growth and margins

Advanced Micro Devices reported better-than-expected second-quarter results, but investors appeared disappointed because they were expecting an even stronger performance from the chipmaker. AMD shares fell…

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Posted in Economy

Uzbekistan invites Indian firms for mining, minerals push ahead of PM Modi’s visit

Uzbekistan has invited Indian companies to invest in its mining and metallurgy sector, offering opportunities in gold, copper, uranium, critical minerals and rare earth elements,…

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Posted in Economy

RBI proposes new rules to standardise how lenders set interest rates

The Reserve Bank of India (RBI) proposes to rationalise the regulatory framework on setting interest rates for all regulated entities (REs) on a principle-based basis….

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IndiGo has given the country one of its strongest brands, something that delivers consistently - despite many variables not in its control - and has helped connect small towns and cities in India that might not have been connected by air at all. (Reuters)
Posted in Business

IndiGo@20 | Business News

On August 4, 2006, twenty years ago, IndiGo’s first flight took off from New Delhi for Guwahati via Imphal. The airline was launched with the…

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The development is in line with the Foreign Trade Policy (FTP), unveiled on March 31, 2023, which identifies e-commerce as a focus area for amplifying India’s exports. (MINT/ Representative photo)
Posted in Business

Govt operationalises inventory-based cross-border e-commerce export framework

The government on Wednesday operationalised inventory-based e-commerce exclusively for exports, requiring interested firms to conduct business through a registered entity as an exporter-on-record (EOR), which…

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Climatetech startup Mitti Labs raises $9.5 million led by Aramco Ventures
Posted in Startups

Climatetech startup Mitti Labs raises $9.5 million led by Aramco Ventures

Mumbai: Climatetech startup Mitti Labs has raised $9.5 million in a round led by Aramco Ventures (the venture capital arm of Saudi Aramco), with participation…

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