Business Finance
The Ministry of Finance has said that recent rationalisation of the Goods and Services Tax (GST) rates is expected to support domestic demand by reducing tax burdens for consumers and businesses. However, it cautioned that global uncertainties remain a downside risk to the growth outlook. Impact of GST Changes The ministry’s monthly economic review highlighted […]
Technology
Qualcomm has announced two new artificial intelligence chips, the AI200 and AI250, as part of its push into the data-centre market. The launch marks a strategic shift for the company, which has traditionally been focused on smartphone processors. The news sent Qualcomm’s shares soaring by nearly 20% on October 27. Features Of The New Chips […]
Business
Digital commerce giant Amazon is set to reduce its corporate workforce by up to 30,000 employees, representing nearly 10 percent of its estimated 350,000-strong corporate staff. This would mark the company’s largest job-cutting exercise since the 27,000 layoffs in late 2022 and early 2023. Reason Behind The Cuts Executives cited over-hiring during the pandemic, rising […]