Latest News, Updates & Breaking Headlines
Microsoft-owned LinkedIn recently fired 5% of its global workforce across four divisions. Now, a new report by New York Post reveals that the professional social network is now once again cutting more than 600 jobs this summer with California employees bearing the brunt of the fresh round of layoffs. A new Worker Accounting and Retraining…
BJP supporters celebrate majority in the West Bengal Assembly elections in Kolkata on Monday. (ANI photo) West Bengal has turned saffron. Mamata Banerjee‘s 15-year rule has ended and Bharatiya Janata Party (BJP) is all set to form its first government in the state. So, what contributed to this decisive political shift in the state’s electoral…
According to the RBI, cost pressures and uncertainty have taken a toll on new orders and output. (AI image) When it comes to the Indian economy, domestic resilience is often cited as its biggest strength. But how long can the Indian economy continue to hold well as external pressures in the form of supply disruptions…
Any restrictions to the flow of crude oil in the world markets will raise prices, in turn causing import bills of dependent economies like India to balloon. (AI image) Will the Donald Trump administration’s move to blockade the Strait of Hormuz impact India and China? The US has begun the blockade of the all important…
India’s manufacturing sector is on high alert as the war involving Iran threatens to disrupt key maritime routes used for global trade. (AI image) US-Iran war impact: The ripple effects of the ongoing Middle East tensions, LPG supply issues, rising oil prices and closure of Strait of Hormuz are being felt across industries in India….
Netflix has reportedly cutting jobs across global team. According to a report by Variety, Netflix has slashed several dozens of staff from its global product team as part of an internal reorganisation. The streaming giant has not yet revealed the exact number of employees fired, but the report suggest that the layoffs primarily affected the…
Financial services giant Morgan Stanley has slashed almost 3% of its workforce, which translates to 2,500 employees across its major divisions. A source familiar with the matter told Reuters that the reduction spans across investment banking and trading, wealth management, and investment management. Financial advisors, however, remain unaffected according to the source. The bank comes…
According to Goldman Sachs, Indian companies could be among the hardest hit in Asia by the conflict involving Iran. (AI image) US-Israel-Iran war impact: Indian equity benchmarks, Nifty50 and BSE Sensex, will see mounting pressure in the coming days if the Middle East crisis persists, feel analysts. Indian stocks, already under pressure, are expected to…
AI generated image for representation- Starting March 1, messaging apps like WhatsApp, Telegram, Signal and others must comply with the Department of Telecommunications’ SIM-binding rule—a directive that ties your app access directly to the physical SIM card in your phone. The order, issued on November 28 under the Telecom Cyber Security Rules, 2024, gave platforms…
Amazon’s Cloud Unit shut down temporarily after ‘Objects Hit’ UAE data centre facility. Amazon Web Service (AWS) confirmed that at approximately 4:30 AM PST on March 1, “objects struck” the facility in availability zone mec1-az2, creating sparks and igniting a fire. The UAE fire department cut power to the building. The zone went dark. In…
