Category: Business

Tata Trusts Chairman Noel Tata. (PTI)
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Noel Tata-led trustees block Mehli Mistry reappointment as Tata Trusts rift widens| Business News

Tata Trusts Chairman Noel Tata, along with Vice Chairmen Venu Srinivasan and Vijay Singh, blocked the reappointment of Mehli Mistry as a permament trustee, Livemint…

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Initially, trading had been delayed from its normal opening time of 9:00 am to 9:30 am, which was then postponed to 10:00 am. (Representational Image/Pexels)
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MCX suffers second technical glitch in four months, trading halted again| Business News

The Multi Commodity Exchange (MCX) has suffered its second technical glitch that has halted trading on the platform—again. The last time this happened was on…

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Gold has pulled back decisively from a record above $4,380 an ounce last Monday following a blistering rally. (AFP)
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MCX gold, silver prices down—check city-wise rates| Business News

Gold and silver prices in India fell, even as globally they edged higher, as safe-haven demand for the precious metals dipped due to progress on…

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Gold has pulled back decisively from a record above $4,380 an ounce last Monday following a blistering rally. It’s still up more than 50% this year. (Bloomberg)
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Gold prices back above $4,000 after plunging on easing safe-haven demand| Business News

Gold clawed back some losses after plunging below $4,000 an ounce on Monday as progress in the US-China trade talks sapped demand for safe-haven assets….

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The cuts beginning this week may impact various divisions within Amazon, including human resources, known as People Experience and Technology, devices and services, and operations. (REUTERS)
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Amazon targets as many as 30,000 corporate job cuts| Business News

Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company works to pare expenses and compensate for overhiring…

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The cuts beginning this week may impact various divisions within Amazon, including human resources, known as People Experience and Technology, devices and services, and operations. (REUTERS)
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Amazon embarks on biggest layoffs since 2022 affecting 30,000 corporate jobs| Business News

Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the…

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Under CEO Cristiano Amon, Qualcomm is getting into AI chips to diversify away from its dependence on smartphones—which isn't as lucrative as it used to be. (Reuters)
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Qualcomm share price soars after taking aim at Nvidia with new AI chips| Business News

Qualcomm Inc. has kicked off its biggest share-price rally since 2019 after unveiling chips and computers for the lucrative AI data centre market, aiming to…

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$3,500 an ounce is a level that “would be healthy for the gold market, because it still would be a ridiculously high price”. (Reuters)
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Gold prices plunge below $4,000/ounce as US-China truce erodes saven-haven demand| Business News

Gold prices slid below $4,000 an ounce, extending losses from the worst rout in over a decade as progress on a US-China trade deal sapped…

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Ola Electric operates its own stores and service centres in India, in a departure from the industry norm of dealership model. (Tushar Deep Singh/HT)
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Ola Electric scales up Hyperservice to open source its spares, service business| Business News

Ola Electric Mobility Ltd. has scaled up its so-called Hyperservice initiative to open source its proprietary service infrastructure and technology, a move the company says…

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Amazon’s exporter base in India has grown by a third in year to about 2 lakh sellers, spanning 28 states and seven union territories. (AFP)
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Amazon targets India e-commerce exports of $80 billion by 2030 despite US tariffs| Business News

Amazon.com Inc. says its e-commerce exports from India has surpassed $20 billion, including nearly $7 billion this year, despite the punitive US tariffs on the…

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