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 […]
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 […]
Markets
Asian stock markets rallied sharply on Monday, driven by growing optimism that the Donald Trump-Xi Jinping meeting could yield a favourable trade agreement. Japan’s Nikkei 225 index climbed over 2 % to cross 50,000 for the first time, while South Korea’s KOSPI and Hong Kong’s Hang Seng Index also registered strong gains. Trade Optimism Drives […]
Business
Cognizant Technology Solutions has announced it will hire more school and college graduates in 2025 than ever before, marking a significant shift in its recruitment strategy. The company’s Chief Executive Officer, Ravi Kumar S, said the initiative expands hiring beyond traditional STEM degrees to include liberal-arts and community-college graduates. Rationale Behind the
Business
Reliance Industries Limited (RIL) has formalised a joint venture with Meta Platforms’s subsidiary, Facebook Overseas, incorporating a new entity named Reliance Enterprise Intelligence Limited (REIL) on 24 October 2025. Under the amended joint-venture agreement, Reliance’s wholly owned subsidiary, Reliance Intelligence Limited, will hold 70% of REIL, while Facebook Overseas