Latest News, Updates & Breaking Headlines
New Delhi: It’s advantage Mercedes, BMW and Audi. The FTA will reduce import tariffs for cars that cost upwards of Rs 25 lakh from EU from a high of 110% to 30% in the first year, to 10% in 10 years, with a quota of 2.5 lakh vehicles annually.Tesla, however, will have to wait for…
Workday CEO Carl Eschenbach has dismissed concerns that artificial intelligence (AI) will affect software business models. He called such fears overblown, despite his company cutting over 1,700 jobs last year as part of an AI-focused restructuring. In an interview with CNBC’s “Squawk Box” from the World Economic Forum in Davos, Switzerland, Eschenbach said, “It’s an…
India is planning a major reduction in import tariffs on cars from the European Union, cutting duties to 40 per cent from levels as high as 110 per cent, in what would be the country’s biggest opening yet of its closely guarded automobile market. The move comes as New Delhi and Brussels close in on…
The India–European Union free trade agreement (FTA), expected to be announced on January 27, is likely to lower costs and expand trade rather than harm domestic industry, the Global Trade Research Initiative (GTRI) said on Sunday.In FY2025, India–EU goods trade crossed $136 billion. GTRI said tariff reductions under the FTA would primarily reduce input costs,…
Aviation giant IndiGo has vacated over 700 slots at domestic airports including Delhi, Bengaluru and Mumbai. The move follows a 10% reduction in IndiGo’s winter flight schedule, ordered by regulatory watchdog DGCA, after severe operational disruptions in early December that affected thousands of passengers. Slots is a specific time period allocated to an airline for…
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,…
As “Homebound” failed to make it to the Oscars, actor Vishal Jethwa said that the film’s journey remains extraordinary for him and added that being shortlisted among the final 15 films from 86 entries was itself a deeply humbling experience, especially given his modest beginnings. As ‘Homebound’ failed to make it to the Oscars, actor…
MUMBAI: Tiger Global and Microsoft will fully exit PhonePe as the Walmart-owned fintech gears up for a debut on Dalal Street in the coming months. The first Indian business from Walmart’s stable to go public, PhonePe is seeking to raise about Rs 12,000 crore ($1.3 billion) through an offer for sale (OFS). Walmart, which holds…
The US Federal Reserve’s preferred inflation measure remained elevated in November, reinforcing expectations that policymakers are likely to pause further interest rate cuts as they assess the impact of earlier easing and new trade-related pressures.Data released by the US Department of Commerce on Thursday showed that the personal consumption expenditures (PCE) price index rose 2.8%…
NEET PG cut off controversy explained A late-stage decision to drastically lower qualifying cut-offs for NEET PG 2025 has triggered one of the most serious debates in recent years over merit and governance in India’s medical education system. The National Board of Examinations in Medical Sciences (NBEMS), with the Centre’s approval, reduced eligibility thresholds across…
