Business Markets
Meta is preparing another round of workforce reductions as the company increases investment in artificial intelligence infrastructure and technology. The move reflects a broader shift in the global technology sector, where companies are restructuring operations and reallocating resources to support rapid AI development. Meta Layoffs Linked To AI Investment Meta is
Business Finance
The Enforcement Directorate (ED) has conducted search operations at 19 locations across Chandigarh, Mohali, Panchkula, Gurugram and Bengaluru in connection with an alleged ₹597-crore fraud linked to IDFC First Bank. Authorities also froze more than 90 bank accounts suspected to be connected to the diversion of funds as investigators attempt to trace the money trail […]
Business
Shell has declared force majeure on LNG contracts linked to supplies from Qatar after disruption at QatarEnergy’s major export facility forced a halt in production, adding fresh pressure to global gas markets already strained by the wider Gulf crisis. The move means Shell can temporarily suspend contractual delivery obligations to some buyers because of circumstances […]
Industry
Laptop and desktop prices in India are expected to rise sharply this year as manufacturers face higher costs for memory, graphics components and some processors. Industry reports indicate that prices could increase by as much as 35% in some categories, while overall PC demand may weaken as buyers delay purchases. Laptop Prices In India May […]
Business Markets
Asian Stocks Fall As Oil Jumps On Crisis Asian equities came under heavy pressure on Monday as oil prices surged sharply amid the worsening West Asia crisis, with investors reacting to fears of supply disruption, shipping risks and a broader economic shock across the region. The selloff reflected growing concern that the conflict could hit […]
Business
Morgan Stanley has laid off around 3 percent of its global workforce, affecting approximately 2,500 employees across various divisions. The move comes as the global investment bank adjusts its workforce amid changing market conditions and shifting business priorities. Morgan Stanley Layoffs Affect Around 2,500 Employees The layoffs impact roughly 2,500 employees worldwide,
Business Markets
Sensex Falls 1,600 Points, Nifty Below 24,700 Indian equity markets witnessed a sharp sell-off, with the Sensex plunging more than 1,600 points and the Nifty 50 slipping below the 24,700 mark during intraday trade. Broad-based losses were seen across sectors as investors reacted to global cues and profit-booking pressure. Sensex Tanks Over 1,600 Points The […]
Business
Infosys co-founder Narayana Murthy has said artificial intelligence (AI) will expand employment opportunities rather than reduce jobs, emphasising the technology’s role in enhancing productivity and creating new roles across sectors. His remarks come amid global debate over AI’s impact on the future of work. Narayana Murthy Says AI Will Create Jobs Mr Murthy stated that