Microsoft confirms global layoffs, but not in India this time: Report
Microsoft CEO Satya Nadella this month visited India, where he met with Prime Minister Narendra Modi [File] | Photo Credit: REUTERS Microsoft is carrying out job cuts in offices around the world, but employees in India will not lose their jobs in this round, reported The Hindu Businessline. Microsoft’s job
China’s exports in December up 10.7%, beating estimates as higher U.S. tariffs loom
China’s exports in December grew at a faster pace than expected, as factories rushed to fill orders to beat higher tariffs that U.S. President-elect Donald Trump has threatened to impose once he takes office. Exports rose 10.7% from a year earlier. Economists had forecast they would grow about 7%. Imports
Rupee crashes 27 paise to hit record low of 86.31 against U.S. dollar in early trade
Photo used for representation purpose only. | Photo Credit: Reuters The rupee’s slide show went on for the second straight session on Monday (January 13, 2025) as it crashed 27 paise to hit a new lifetime low of 86.31 against the U.S. dollar, dragged down by a robust American currency
Is PPF still attractive? – The Hindu
You can invest ₹1.5 lakh in PPF, but you can claim a maximum of ₹1.5 lakh for all your eligible investments under Section 80C, which includes PF and PPF. | Photo Credit: Getty Images/iStockphoto The new tax regime is the default choice. While tax rates are lower with higher slabs
Companies look to localise data storage, telecom tech
Indian tech firms capitalise on policy changes to localize hardware and software, with CloudPhotonix and DigiBoxx leading the charge. File | Photo Credit: The Hindu From data centres to telecom equipment, Indian firms are capitalising on key policy developments to indigenise the Indian tech stack, from both a hardware and
Bessent to Wind Down Hedge Fund If Confirmed at Treasury
(Bloomberg) — Scott Bessent, President-elect Donald Trump’s pick to run the US Treasury Department, will resign from Key Square Group and divest underlying assets to avoid conflicts of interest if confirmed by the Senate. The resignation would immediately follow his confirmation as Treasury secretary, according to a document released by
Uninsured two-wheelers are a major safety concern
India’s roads have become busier over the years as average per capita income rises, leading to more people purchasing two-wheelers. With the world’s third-largest road network, the country had 354 million vehicles as of FY22, as per Statista. Yet, a significant concern stays— lack of insurance among vehicle owners. |
Air India ‘bullish’ on long-haul travel
Air India Airbus A 320 aircraft. File | Photo: V. Sudershan Air India Group, which completes three years of privatisation this month, has recorded the fastest growth in market share on far-flung international destinations such as the U.S., Europe and Australia. The airline’s passenger shares on routes to North
Sweden May Have to Build Up Its Defense Force, Premier Says
(Bloomberg) — Sweden’s Prime Minister Ulf Kristersson indicated the country could increase its defense spending amid the risk of hybrid warfare in the Nordic and Baltic regions. “I do not rule out at all that the situation will require us to take more steps to build up and expand the
Fake Aadhaar Row: Fresh Delhi Police notice for AAP MLA, Smriti Irani says ‘party supporting Bangladeshi infiltrators’
The Delhi Police issued a fresh notice to AAP MLA Mohinder Goyal in connection with a fake Aadhaar card investigation. BJP leaders claim that votes of Bangladeshi infiltrators were being added ahead of the Assembly elections by using fake Aadhar cards. Meanwhile the ruling AAP has dismissed the allegations as