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Amazon is planning to cut approximately 14,000 corporate jobs starting next week, marking the second major layoff wave since October and bringing total reductions to 30,000 roles. CEO Andy Jassy clarified the cuts aren’t driven by AI or financial concerns but by excessive bureaucracy and organizational layers. The layoffs will affect employees across AWS, retail,…
Gold futures surged to a fresh lifetime high on Wednesday, tracking a sharp rally in global prices as investors flocked to safe-haven assets amid escalating trade war tensions and heightened geopolitical uncertainty.On the Multi Commodity Exchange (MCX), gold futures for the February contract soared by Rs 7,774, or 5.16 per cent, to hit an all-time…
Gold prices surged to fresh record highs on Tuesday as renewed fears of a potential US–EU trade war pushed investors towards safe-haven assets amid rising global uncertainty.The rally followed tariff threats by US President Donald Trump against European nations opposing his Greenland move, triggering risk aversion across global markets. Precious metal extended gains from the…
NEW DELHI: : The Delhi high court quashed on Monday the 2016 income-tax notices to NDTV founders Prannoy Roy and Radhika Roy and asked the department to pay Rs 1 lakh to each of them as costs for harassment.A bench of Justices Dinesh Mehta and Vinod Kumar observed that authorities subjecting Prannoy Roy and Radhika…
The Union Budget should prioritise simpler and more predictable tax laws, alongside tax neutrality for cross-border and corporate reorganisations, to strengthen India’s appeal as a long-term destination for foreign direct investment (FDI), tax and economic experts said, reported PTI.They argued that rationalising the tax framework and lowering the cost of capital would complement ongoing reforms…
Gold prices remained high on Monday as investors continued to seek safety amid rising geopolitical tensions and trade-related uncertainties.Gold and silver prices surged to fresh record levels as escalating geopolitical risks and shifting US monetary expectations boosted demand for safe-haven assets. Renewed unrest in Iran, fresh US tariff threats against several European countries over Greenland…
BHOPAL: The Madhya Pradesh govt aims to develop a memorial in honour of those who were killed and maimed by the MIC gas leak from the Union Carbide factory in Bhopal on the intervening night of Dec 2 & 3, 1984, on the lines of memorials developed in Hiroshima and Nagasaki in Japan.The proposed gas…
Representative image (AI-generated) The ministry of labour and employment is considering making the four Labour Codes effective from April 1 to align their rollout with companies’ financial year. The move is aimed at easing the impact of higher provident fund and gratuity costs arising from changes in salary structures under the new framework.According to officials…
Gold prices edged lower in the domestic market on Friday, with profit-taking setting in after bullion retreated from record levels in overseas trade amid a firmer US dollar. On the Multi Commodity Exchange (MCX), gold futures for the February contract fell Rs 520, or 0.36 per cent, to Rs 1,42,601 per 10 grams, with volumes…
Gold prices climbed to a fresh lifetime high in the domestic market on Thursday amid sustained buying by jewellers and stockists, according to the All India Sarafa Association.Gold advanced by Rs 800 to hit a new peak of Rs 1,47,300 per 10 grams (inclusive of all taxes), extending gains for the fifth consecutive session. The…
