Business

IMF Says AI ‘Tsunami’ Will Hit Global Jobs

By BPN News Desk
International Monetary Fund Managing Director Kristalina Georgieva warned that artificial intelligence (AI) is poised to significantly disrupt the global labour market, comparing its impact to a “tsunami” at the World Economic Forum in Davos. She said AI could affect around 40 % of jobs worldwide, reshaping roles or leading to elimination and transformation of work […]
Markets

Sensex, Nifty Crash Wipes Out ₹16 Lakh Crore

By BPN News Desk
Indian equity markets saw a sharp sell-off, with the BSE Sensex and NSE Nifty 50 falling steeply and erasing around ₹16 lakh crore in investor wealth. The decline came amid broad-based selling across sectors, dragging key indices lower through the trading session. Adani Group Stocks Hit Hard Shares of several Adani Group companies were among […]
Business Finance

Rupee Slips to Record Low Amid Market Pressure

By BPN News Desk
The Indian rupee fell to a fresh record low against the US dollar, weakening past previous lows amid strong dollar demand and ongoing selling pressure from foreign investors. The depreciation reflects continued stress in the foreign exchange markets and cautious investor sentiment. Foreign Outflows and Market Impact Sustained foreign portfolio outflows from Indian equities
Image Credit: Sourav Mishra
Business

Supreme Court Issues Notice in Ambani Group Fraud PIL

By BPN News Desk
The Supreme Court has issued notices to industrialist Anil Ambani and companies linked to the Anil Dhirubhai Ambani Group in a public interest litigation alleging large-scale banking and corporate fraud. The court granted a final opportunity to the concerned parties to appear and submit their responses. Directions to Agencies The court directed investigating agencies,
Business

Amazon Plans Major Corporate Job Cuts

By BPN News Desk
Amazon is preparing to announce a fresh round of corporate job cuts as early as next week, as part of a broader plan to reduce its white-collar workforce by nearly 30,000 roles. The move is part of ongoing cost-cutting and restructuring efforts across the company. Teams Likely Affected The planned layoffs are expected to impact […]
Business Markets

European Markets Rally After Tariff Fears Ease

By BPN News Desk
European stock markets rose on Thursday as investor concern eased after U.S. President Donald Trump withdrew threatened tariffs on several European countries tied to tensions over Greenland and agreed on a diplomatic framework with NATO. Major indexes regained ground after earlier sharp losses linked to trade fears. Market Reaction The STOXX Europe 600 index climbed […]

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