A senior economist from the Reserve Bank of India (RBI) publicly accused researchers at the State Bank of India (SBI) of copying large portions of the Central Bank’s reports in a LinkedIn post. The RBI economist claimed that several paragraphs, graphs and data tables in SBI’s Ecowrap economic publication mirrored chapters from the RBI’s Monetary […]
Life Insurance Corporation of India (LIC) has firmly denied allegations that it misused the savings of its policyholders to benefit the Adani Group. The claims were made by senior Congress leader Jairam Ramesh, who alleged that “the savings of LIC’s 30 crore policyholders were systematically misused to benefit Adani Group companies.” LIC’s Response LIC dismissed […]
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 […]
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 […]
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 […]
Reliance Industries Ltd. (RIL), India’s largest private refiner, has begun recalibrating its Russian crude oil imports to align with the Government of India’s latest guidelines. The decision follows new U.S. and European sanctions on major Russian oil companies. India’s Role In Russian Oil Trade India has been the biggest buyer of Russian seaborne crude this […]
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,
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 […]
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 […]
HDFC Bank has clarified that the adoption of artificial intelligence will not result in job cuts. CEO Sashidhar Jagdishan said the bank sees AI as a tool to enhance efficiency and redeploy staff into customer-facing and technology roles rather than reduce its workforce. AI Experiments in Progress The bank, with a workforce of around 2.20 […]
