Business News

No forced layoffs, Amazon India tells Labor Ministry

Earlier this week, Amazon was summoned by India's Labor Ministry to appear before the Deputy Labor Commissioner, Bengaluru after receiving a complaint about the company's Voluntary Separation Program (VSP).

Urban unemployment rate dropped in July-September 2022: NSO report

India's unemployment rate in the July-September quarter of 2022 in urban areas slowed down to 7.2%, which is comparatively lower than the 7.6% recorded during the April-June quarter.

Jio's True 5G launched across 33 district headquarters in Gujarat

Reliance Jio has now rolled out 5G service across 33 districts of Gujarat.

Black Friday protests in 40 countries threaten Amazon's sales

Black Friday is a big day for Amazon. In the last two years, the e-commerce giant captured the majority of Black Friday sales.

Sensex closes at 62,293.64 points, Nifty settles above 18,500 mark

The stock market closed on a flat note on Friday with the Sensex settling at 62,293.64 points and Nifty ending flat at 18,512.75 points.

Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Polygon, BNB

Bitcoin has slipped 1.8% in the past 24 hours to trade at $16,396.67. It is 1.9% lower than the week before.

Tata Consumer to acquire Bisleri for around Rs. 7,000 crore

Bisleri International, India's largest packaged water company, is set to be acquired by Tata Consumer Products Ltd (TCPL). The Tata Group company will reportedly pay Rs. 6,000-7,000 crore for Bisleri.

Sensex surges 762 points, Nifty ends above 18,480 mark

The benchmark Sensex and Nifty indices on Thursday showed an upward trend, continuing their winning streak. The Sensex rose 1.22% to 62,272.68 points while the Nifty gained 1.19% to end at 18,484.10 points.

Reliance Jio 5G now live in Pune: How to access

Reliance Jio has launched its True 5G services in Pune. Users in the city will be invited to the Jio 5G Welcome Offer via the MyJio app.

Foxconn apologizes for protests at China iPhone factory

A protest that erupted over unpaid wages and the fear of an infectious outbreak on Tuesday night rocked Foxconn's iPhone manufacturing plant in Zhengzhou. The COVID-hit factory saw workers clashing with police and security personnel.

Credit Suisse to layoff 9,000 people, projects $1.6bn Q4 loss

A string of scandals this year has dogged Swiss bank Credit Suisse. Add to that the challenging economic environment, and we have a recipe for disaster.

Cryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Dogecoin, Tether

Bitcoin has gone up by 1.2% in the past 24 hours to trade at $16,688.36. Compared to last week, it is flat.

Indian government summons Amazon over 'forced removal' of employees

Last week, Amazon announced that it plans to lay off around 10,000 employees. Now, India's Labor Ministry has summoned the company to appear before the Deputy Labor Commissioner in Bengaluru about the Voluntary Separation Program (VSP).

Labour Ministry summons Amazon India over firing of employees

The Ministry of Labour and Employment on Wednesday summoned Amazon India in connection with the company's alleged forced firing of employees, IANS reported.

FTX was Sam Bankman-Fried's 'personal fiefdom,' reveals court hearing

A Delaware bankruptcy courtroom was the stage for one of the most anticipated bankruptcy hearings in recent times.

Sensex gains 91 points, Nifty settles above 18,250 mark

The stock market closed on a flat note on Wednesday with the Sensex settling at 61,510.58 points and Nifty ending flat at 18,267.25 points.

HP to fire 4,000-6,000 employees in 3 years

Layoffs in the tech world are in full swing. Another major tech company has joined the list of giants who have announced job cuts this year.

Today's cryptocurrency prices: Check Bitcoin, Ethereum, Polygon, Solana rates

Bitcoin has gone up by 4.2% in the past 24 hours to trade at $16,499.39. Compared to last week, it is 2.3% down.

Who is George Hotz, Musk's new 'intern' fixing Twitter search?

George Hotz once famously turned down an offer to work at Tesla. He later founded Comma.ai to bring Tesla-like autopilot functionality to other cars.

Sensex jumps to 61,418 points, Nifty settles at 18,244 points

On Tuesday, major indices of the stock market ended flat with the Sensex settling at 61,418.96 points and the Nifty closing at 18,244.2 points.

After Meta and Amazon, Google to lay off 10,000 employees

If this year has proven anything, it is that no one is immune to the layoff bug that has created havoc in Silicon Valley. After withstanding the phenomenon for a while, Google may have fallen prey to it, too.

Twitter is ready to hire again, says Elon Musk

Today's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Solana, Polygon

Bitcoin has dropped 2.4% in the past 24 hours to trade at $15,827.06. Compared to last week, it is 4.9% down.

Union Budget 2023: Finance Minister Nirmala Sitharaman begins pre-budget talks

Union Finance Minister Nirmala Sitharaman on Monday, as part of pre-Budget 2023-24 consultations, virtually held discussions with experts and industry leaders in infrastructure and climate change areas.

Airtel 5G services rolled out in Guwahati: How to enable?

Sensex slips to 61,144 points, Nifty settles near 18,150 mark

On Monday, the benchmark Sensex and Nifty indices were on a downward trend, continuing their losing streak for the third straight day. While the Sensex plunged 0.85% to 61,144.84 points, the Nifty fell 0.81% to 18,159.95 points.

Goldman Sachs lowers India's GDP forecast for 2023 to 5.9%

Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, Solana, Polygon

Bitcoin has slipped 3.2% in the past 24 hours to trade at $16,163.44. It is 1.1% lower than the week before.

Elon Musk plans to fire more Twitter employees

'Postpone large purchases': Amazon founder Jeff Bezos warns of recession

Billionaire entrepreneur and Amazon founder Jeff Bezos has warned of economic recession in the world.

Today's cryptocurrency prices: Check Bitcoin, Ethereum, Dogecoin, Tether rates

Bitcoin has risen by 0.8% over the last 24 hours to now trade at $16,695.13. It is down 0.6% from last week.

Zomato to fire nearly 3% employees in performance-based layoffs

Amid the layoff season across the globe, especially in the tech world, homegrown food aggregator and delivery platform Zomato has confirmed that it will lay off around 3% of its workforce across various departments, Livemint reported.

Cryptocurrency prices today: Check Bitcoin, Ethereum, Dogecoin, Tether rates

Bitcoin has dropped 1.3% of its value in the past 24 hours to trade at $16,606.58. Compared to last week, it is 2.8% down.

Theranos founder Elizabeth Holmes sentenced to 11+ years in prison

The founder and CEO of failed blood-testing start-up Theranos, Elizabeth Holmes, has been sentenced to 11 years and three months in prison for defrauding investors.

Reliance Jio rolls out 5G service in Delhi-NCR

Sensex slips 87 points, Nifty settles below 18,310 points

The stock market on Friday ended on a sluggish note as the Sensex settled at 61,663.48 points and the Nifty stood at 18,307.65 points.

Amazon's layoffs will extend into 2023, says CEO Andy Jassy

Disgraced Theranos founder Elizabeth Holmes seeks leniency ahead of sentencing

Elizabeth Holmes, the disgraced former CEO of Theranos, is set to be sentenced on Friday after being found guilty of defrauding investors.

Today's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Solana, Polygon

Bitcoin has gone up by 1.8% in the past 24 hours to trade at $16,825.88. Compared to last week, it is 4.4% down.

Hundreds of Twitter employees resign after Musk's 'be hardcore' ultimatum

A new wave of resignations has hit Twitter after Elon Musk's 'be hardcore and stay or leave with a severance pay' ultimatum.