Business

Facebook Takes 30% Stake In Reliance AI Venture

By BPN News Desk
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
Business

JPMorgan’s Dimon: US Must Act To Fix Supply Chains

By BPN News Desk
Jamie Dimon, Chief Executive of JPMorgan Chase, has warned that the United States is “too reliant on unreliable sources” for vital materials, manufacturing and products critical to national security. In remarks first reported by Business Insider, he announced a new ten-year plan worth US $1.5 trillion, called the Security and Resiliency Initiative, aimed at rebuilding […]
Business

Target to Cut 1,800 Corporate Roles

By BPN News Desk
Retail giant Target has announced plans to eliminate about 1,000 current corporate jobs and scrap nearly 800 open positions, cutting roughly 8% of its global corporate workforce. The restructuring move is aimed at simplifying operations and improving efficiency. CEO Cites Too Many Layers Incoming CEO Michael Fiddelke, set to take over in early 2026, said […]
Business

Apple Cuts iPhone Air Production

By BPN News Desk
Apple has sharply reduced production of its latest model, the iPhone Air, after global demand fell well below expectations. Industry reports suggest that starting November, orders may fall to under 10% of September’s initial volume. Weak Demand Hits New Model Launched in September 2025 as part of the iPhone 17 lineup, the iPhone Air was […]
Business

Amazon Plans To Cut 600,000 Jobs By 2033

By BPN News Desk
Amazon is preparing to reduce its reliance on human workers by automating a large share of its U.S. operations. According to internal planning documents, the company aims to replace around 600,000 jobs by 2033 with robotics and artificial intelligence. A phased target reportedly includes eliminating 160,000 positions by 2027. Company’s Clarification Responding to reports,
Business

Walmart Pauses Job Offers to H-1B Candidates

By BPN News Desk
Walmart Inc. has temporarily halted job offers to candidates who would require new H-1B visa sponsorships in the United States. The decision is being made in light of a newly imposed $100,000 fee on new H-1B applications by the U.S. administration. Reason Behind the Move Sources indicate the fee hike is prompting companies to reevaluate […]
Business

RIL Q2 Net Profit Up 10% to ₹18,165 Crore

By Arun D
Reliance Industries Limited (RIL) reported a consolidated net profit of ₹18,165 crore for the quarter ended September 2025, up 10 % compared with ₹16,563 crore in the same quarter last year. Revenue also sees growth Revenue from operations rose roughly 10 % year-on-year to around ₹2.59 lakh crore, driven largely by strong performance in the […]

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