Microsoft & Amazon To Cut-Off Combined 25,000 Jobs
On Wednesday, Microsoft (a tech giant) announced the layoffs of its 10,000 employees which covers 5% of its workforce. This decision of Microsoft comes after the fresh round of Amazon’s layoffs which includes 18,000 job cuts. After the pandemic, the tech industry went through difficult times that resulted in massive layoffs in companies like Meta,…
Aman Goyal
Adani Enterprise Plans To Launch Rs.20,000 Cr. FPO
The Adani Enterprise, a flagship of the Adani Group is expected to start the documentation process with the Securities Exchange Board Of India (SEBI) to file for an FPO (Follow-on public offer) worth rupees 20,000 crores. This FPO is likely to be the largest, succeeding the Yes Bank FPO that raised 15,000 crores in the…
Sumit
RBI May Cut Dividend To Govt. Due To High-Interest Cost
Rbi Records The Lowest Surplus Transfer To The Government Of Rs.30,307 Crore In FY2022 As Compared To FY2021- The Indian Express The Reserve Bank Of India (RBI) is planning to cut the dividend to government due to the high-interest cost. During FY2022, RBI transferred the lowest surplus funds of Rs 30,307 crore to the government…
U.S. Debt Ceiling Crisis Risk On Peak Again In 2023
With new leadership in the U.S. In The House of Representatives, the risk of deadlock over the debt ceiling may lead to a fiscal crisis the highest ever, according to Jason Furman, former top economic adviser during the administration of President Barack Obama. The Debt Ceiling is the maximum amount of money the United States…
Yash Sharma
Allcargo Logistics Obtained 75% Of Fair Trade GmbH
A leading logistics company, Allcargo Logistics, picked up a 75 percent stake in the European rival Fair Trade GmbH for 12 million euros. The German company Gesellschaft mit beschränkter Haftung (GmbH) is valued at 16 million euros. The Mumbai-based company said in the statement that ━ “the acquisition is being carried out through its European…
iPhones And Apple Watches May Arrive With MicroLED
Tech giant, Apple, is reportedly working on MicroLED displays to use in its iPhones and iWatches, by 2025. According to Apple reporter Mark Gurman, the iPhone maker is expected to use MircoLED screens in the Apple Watch first and replace the OLED display currently used. Earlier this month, it was reported that the company was…
Mercedes-Benz Sales Decline By 1% In The Previous Year
The biggest luxury carmaker Mercedes-Benz delivered 2. 5 million cars in 2022, which is 1% down compared to the previous year, said the company on Tuesday. It also mentioned that it could be the impact of COVID-19 measures and bottlenecks. The company said that entry-level vehicles, the lowest price segment of the brand, saw a…
Union Budget 2023-24: Everything Explained In Details
Finance Minister Nirmala Sitharaman is all set to launch Budget 2023-24 on February 1. There are lots of expectations from the Budget 2023, as always. Now it is to see what the government will bring for the citizens and industries. According to the experts, the government’s plan may see a rise in customs duty and…
Brazilian Protest Continues: What Is The Reason Behind?
Brazilians have been protesting for a couple of weeks in support of former President Jair Bolsonaro, who lost the election with a very thin lead from Luiz Inacio Lula da Silva. Thousands of people blocked roads, bypassed security barricades, climbed on roofs, smashed windows and invaded government buildings, which were believed to be largely vacant…
Vipin
Meta Fined $414 Million To Ireland For Privacy Breach
European Union regulators on Wednesday imposed a fine on Meta of $414 million (390 million euros) for privacy violations and also banned the company from forcing users in the 27-nation bloc to agree to personalised ads. The Data Protection Commission of Ireland hit two fines on Facebook parent Meta that could shake up Meta’s business…
