Robotics engineer Caitlin Kalinowski of OpenAI resigns over the company's handling of its artificial intelligence collaboration with the United States Department of Defence. This action has exacerbated the dispute regarding the role of commercial AI in national security. Caitlin Kalinowski announced her resignation "on principle" after
The digital retail giant Flipkart, which is owned by Walmart, has finally finished transferring its holding company domicile from Singapore to India. In preparation for a possible domestic public offering, it is a critical structural step for the company. A representative from Flipkart said that the company's internal
According to a recent filing by the company, e-commerce startup Meesho intends to challenge an income tax demand notice totalling around INR 1,500 crore, including interest. On March 6, Meesho was notified for the evaluation year 2023-24. According to the document, a tax demand totalling INR 1,500 crore,
Intercity bus ticketing services in India have been launched by ride-hailing firm Uber in partnership with ixigo's bus business AbhiBus. This marks the first international market for intercity travel provided by Uber. Users of Uber will be able to find and compare bus choices with AbhiBus' end-to-end
Sundar Pichai, CEO of Alphabet, may get $692 million in salary over the next three years if a new incentive plan is approved by the board of directors. Following the implementation of the new plan, Pichai will join the ranks of the world's highest-paid business executives. Reflecting Alphabet&
Tech Mahindra denied on March 9 that the company is mulling on a plan to drastically cut jobs. Consequently, denying rumours that the IT services provider may be laying off employees. The company clarified in a filing with stock markets that it had received calls and saw online posts about
Infosys is adjusting its hybrid work structure and has asked more workers to work from the office at least four days a week. The business is broadening its return-to-office requirements. Workers at specific units have just been notified by the IT services major that personnel at employment levels 6A and
Several news outlets have reported that, following performance reviews, Flipkart had asked 250–300 staff to resign this year. As is common practice in the business, around 1-2% of employees are let go each year as part of performance management. This round of layoffs affects about 2% of the workforce.
As part of its ongoing efforts to combine Discover Financial Services and Capital One Financial Corp., which it acquired for $35.3 billion last year, the banking firm intends to let off over 1,100 employees. This is the second big round of layoffs since Capital One finished its acquisition
Sarvam AI, a firm based in India that specialises in generative AI, announced the opening of its startup support programme on March 5th. The goal of this program is to provide its models and infrastructure to startups so that they can create AI-powered solutions. As stated in a number of
The Karnataka government has suggested a ban on social media use for minors under the age of sixteen in an effort to address the rising worries about children's digital addiction and excessive screen time. The chief minister of the state, Siddaramaiah, made the announcement when presenting the budget.
As a result of the financial burden caused by its ambitious development into AI technology, Oracle Corp. is getting ready to lay off thousands of workers across all of its business groups. The planned layoffs would go beyond the usual, small-scale labour modifications that the corporation has done in the
The Indian travel aggregator MakeMyTrip announced on March 5 that it has reached a deal to purchase a majority stake in Flamingo Transworld, a regional tour operator. When it comes to group tours, Flamingo is well-liked in the Indian states of Gujarat, Maharashtra, Rajasthan, and Madhya Pradesh. The company'
Tata Consultancy Services Ltd is restructuring its business model to take advantage of emerging technology. It recently inked an agreement with OpenAI to construct AI data centres in India and is now in the final stages of finalising arrangements with other tech titans. Several additional hyperscalers are being considered by
Forest Essentials will soon be acquired by the Estée Lauder Companies, a prominent American cosmetics company. The business announced that it has reached an agreement to acquire the remaining stake in the high-end Ayurvedic brand from India. The acquisition is anticipated to close in the second half of 2026, but
Depending on the outcome of the present volatile geopolitical climate, fintech giant PhonePe plans to launch its initial public offering (IPO) by next month. The public listing, which just includes an offer-for-sale component, is expected to garner between $900 million and $1.5 billion for the Bengaluru-based business. After receiving
In 2025, Apple Inc. reached a market revenue of over INR 3 trillion thanks to the iPhones made by two important vendors, Tata Electronics and Foxconn (Hon Hai Technology Group). That puts Apple in second place, only behind Tata Motors Passenger Vehicles (TMPVL), the biggest listed manufacturing company in the
Nearly three percent of Morgan Stanley's worldwide employees have lost their jobs. So, even if the investment bank had record yearly earnings in 2025, it still affected almost 2,500 people. Each of the three main areas of the company—investment banking and trading, wealth management, and investment
Amazon, the tech titan, has once again laid off workers, this time in its robots section. Scott Dresser, VP of robotics at Amazon, recently announced layoffs in an internal memo. The move is part of a larger attempt to cut costs. In their most recent wave of layoffs, Amazon chose
On 2 March, domestic FMCG producer Dabur India revealed that it has finalised a deal to purchase a share in RAS Beauty. Buying a small share in RAS Beauty, a direct-to-consumer premium skincare brand, will cost Dabur INR 60 crore as part of its newly launched Dabur Ventures programme. In
Fino Payments Bank shares recovered well from an early 14% fall to trade modestly up on 3 March, erasing all intraday losses. Shares fell on fears associated with Rishi Gupta's (the company's MD and CEO) detention. In morning trades, shares of Fino Payments Bank were trading
Nasscom, the industry authority for IT services, has recommended that its member companies facilitate work-from-home arrangements for their employees in the region. West Asia is experiencing one of its most severe geopolitical crises in decades, prompting the corporation to take this decision, according to the IT industry association. The situation
Ericsson, a Swedish producer of telecom network equipment, and Vodafone Idea, the third-largest carrier in India, have strengthened their collaboration. Together, the two will update the carrier's postpaid offerings and strengthen the telco's future networks. On 2 March, the businesses announced that Ericsson will launch cloud-native
The Amazon Web Services Availability Zone (AWS) data centre in the UAE was momentarily rendered powerless following an incident involving objects that struck the facility. While the United States, Israel, and Iran are in the midst of an open conflict, the incident allegedly set off sparks and a fire at