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By early 2025, Amazon plans to let off 14,000 administrative staff members as part of a comprehensive restructuring strategy meant to boost productivity and cut expenses. It is anticipated that Amazon will save between $2.1 billion and $3.6 billion a year as a result of the decision,
A media report claims that when Lip-Bu Tan, Intel's new CEO, takes charge this week, he is ready to make "tough decisions" like layoffs and a major overhaul of the company's artificial intelligence policy. In an effort to revitalise the faltering tech giant, which
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The growth of the e-commerce industry impacted the courier business. Due to more shopping in the eCommerce platform courier business is becoming one of the fastest-growing markets in India nowadays. Courier and delivery companies provide various services starting from the online courier and cargo marketplace and finishing with logistics. There
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Possession of land has always been and continues to be, viewed as an indication of social status and authority. The pursuit of more territory has been the cause of numerous conflicts and the downfall of many empires throughout history. On the one hand, land has been vital to human advancement
According to a media report, IPO-bound Groww will begin providing wealth management services to wealthy clients under the name W through a distinct arm. The online investment platform, which already provides investment options including equities, mutual funds, and exchange-traded funds (ETFs), will be expanding under a separate organisation for the
N. Chandrababu Naidu, the chief minister of Andhra Pradesh, stated on 10 March that the government is forming a task force and attempting to establish a "Quantum Valley" in the state in order to gain a competitive edge in this revolutionary field. The chief minister stated that he
Leading Indian tech companies, including TCS, Infosys, and Wipro, have been encouraged by Union IT Minister Ashwini Vaishnaw to create a mobile operating system especially for India. "I urge our leading tech companies—Infosys, TCS, and Wipro—to accept this challenge: create a mobile operating system for our nation,
Perfios, a Bengaluru-based software development company, has added the AI-driven debt management and collections platform CreditNirvana to its extensive range of business-to-business (B2B) products for an unknown sum. The agreement was made one month after the fintech company, which specialises in fraud detection and software solutions for financial institutions'
Investors are alarmed by President Donald Trump's tariffs, and a stock market sell-off has erased $4 trillion from the S&P 500's top last month, when Wall Street was applauding most of Trump's program, due to fears of an economic slowdown. Businesses, consumers,
The German automaker Volkswagen has now revealed its upcoming electric vehicle project. After being promoted earlier this year, the company has now introduced ID.Every1, their entry-level EV. The ID.Every1's production-spec model, which is now only a pre-production concept, will begin to be sold in Europe in
Aiming to get more people back on campus, Infosys has instructed its tech workers to follow its policy of working from the office ten days a month. Functional heads at the Bengaluru-based company emailed their colleagues to advise them to restrict the amount of work-from-home days they apply for, starting
According to reports, the Competition Commission of India (CCI) has received a petition from the All India Consumer Products Distributors Federation (AICPDF) accusing Blinkit, Zepto, and Swiggy Instamart of monopolising the market and charging unjust prices. According to a media report, AICPDF President Dhairyashil Patil made the petition. According to
Redefining the U.S. government's position on digital assets, President Donald Trump issued an executive order to establish a Strategic Bitcoin Reserve. White House Crypto and AI Commissioner David Sacks confirmed the announcement in a post on X. The reserve won't be dependent on public funds.
Britannia Industries, a prominent biscuit manufacturer, announced on 6 March that Rajneet Singh Kohli, its executive director and chief executive officer, left on March 5 in order to explore an outside opportunity. The stock exchange statement states that March 14 is Kohli's last day with the company. In
Over 1,100 employees will be let go by JioStar as the newly established joint venture between Viacom18 of Reliance Industries Ltd. and the India division of The Walt Disney Co. eliminates overlapping responsibilities as a result of the merger. According to media reports, the departures began a month ago
According to government sources, public consultations on the draft Digital Personal Data Protection (DPDP) laws are now complete, and the final version could be released in the next eight weeks or so. The draft will not significantly alter anything. There won't be another extension for receiving the remarks,
In addition to developing India's largest supercomputer, Ola's artificial intelligence (AI) initiative, Krutrim, announced on 6 March that it is collaborating with Lenovo to develop Krutrim 3, a 700-billion-parameter large language model (LLM). At the Lenovo Tech World India 2025 in Mumbai, Ola's chief
According to a senior Jabil official on 6 March, the US electronics manufacturer Jabil wants to invest about $125 million to establish a silicon photonics production facility in Gujarat. Jabil has decades of experience in silicon photonics technologies, according to Matt Crowley, Executive Vice President, Global Business Unit, who spoke
Mukesh Ambani and his daughter Isha Ambani are reportedly considering job and cost reductions as sales of Reliance Retail declines sharply. This includes reducing marketing expenditures, postponing the opening of new stores, combining Reliance Brands Ltd. with the bigger retail company, and reevaluating international brand alliances. Additionally, higher-paying staff will
At its FAST FORWARD India '25 Product and Technology exhibition, EV manufacturer Ultraviolette unveiled its latest motorcycle model, Shockwave, along with Tesseract, the first scooter in its lineup. Among its other features, the Tesseract has a range of 261 kilometres, an acceleration time of 2.9 seconds from 0
For its impending initial public offering (IPO), NoPaperForms has hired two investment bankers. The company offers SaaS-based enrolment automation solutions under the Meritto name, has hired two investment bankers. According to a media report, which cited people familiar with the situation, the Naveen Goyal-led business has chosen IIFL Capital and
Satellite internet may be available in Indian skies as early as June. The Telecom Regulatory Authority of India (TRAI) is finalising a series of recommendations regarding the cost and usage of satellite communications that have been in the works for almost two years. The introduction of a framework and the
An antitrust action against Microsoft for including its antivirus software with the Windows 10 operating system (OS) has been dropped by the Competition Commission of India (CCI). According to the regulator, there is no proof that Microsoft has imposed any limitations or requirements on customers' usage of the antivirus
On February 4, the packaged goods business Adani Wilmar Ltd. agreed to acquire G.D. Foods Manufacturing (India) Pvt. Ltd., a smaller competitor that produces Tops noodles and ketchup. According to a stock exchange filing by Adani Wilmar, the acquisition would be carried out in many phases, with 80% of