Category: Business

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)
Posted in Business

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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The finance ministry has been for the past couple of months discussing with the RBI the matter of raising the FDI limit for PSU banks. (Livemint)
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India plans to hike FDI limit for PSU banks to 49% amid flurry of M&A deals| Business News

India is planning to raise the FDI limit in public sector banks to up to 49% amid a flurry of M&A deals in the private…

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Vodafone Idea has a total debt of  ₹2 lakh crore, including AGR dues of  ₹83,000 crore. (Reuters)
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Vi says to ‘work closely’ with DoT to resolve AGR dues matter, after Supreme Court relief| Business News

Vodafone Idea Ltd. is looking forward to working with the Department of Telecommunications to resolve the AGR dues case, after a Supreme Court reprieve in…

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The JLR cyberattack cost the British economy an estimated £1.9 billion and affected more than 5,000 suppliers. (Bloomberg)
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Tata Motors PV in focus as UK credit agency warns against JLR loan guarantee| Business News

The UK government’s £1.5-billion loan guarantee to help Jaguar Land Rover after a major cyberattack falls outside the “normal underwriting criteria”, the Financial Times reported…

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TCS has a $1-billion contract with Marks & Spencer's. (Reuters)
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TCS refutes UK media report on losing $1-billion Marks & Spencer’s contract| Business News

Tata Consultancy Services Ltd. has denied a report published in The Telegraph UK that Marks & Spencer’s Plc has scrapped its contract with India’s largest…

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