Business

Amazon to cut 14,000 corporate jobs as AI spending accelerates

Seattle: Amazon will cut approximately 14,000 corporate jobs as the online retail giant increases its spending on artificial intelligence. “The reductions we're sharing today are a continuation of this work to get even stronger by further reducing bureaucracy, removing layers, and shifting resources to ensure...

Rare-earths, soybeans, and tariffs dominate Trump–Xi summit agenda

2 months ago

Washington: The United States and China are not going to resolve all the issues that divide them before President Donald Trump and President Xi Jinping meet Thursday in Busan, South Korea. But they are likely to make enough progress on China's stranglehold on strategic minerals,...

OpenAI offers ChatGPT Go free for one year in India from November 4

2 months ago

New Delhi: OpenAI Tuesday said it will offer 'ChatGPT Go' , which supports higher query limits and more image generation, free for one year to users in India who sign up during a limited-time promotional period beginning November 4. ChatGPT Go is OpenAI's recently launched...

Vodafone Idea gets relief as Supreme Court permits govt to re-examine AGR dues

2 months ago

New Delhi: The Supreme Court provided major relief to Vodafone Idea Monday by permitting the Centre to reconsider and reconcile the telecom operator's pending adjusted gross revenue dues of ₹5,606 crore for 2016-17, noting the matter falls within the government's policy domain. Adjusted gross revenue...

Gold falls to Rs 1,25,900/10 gram in Delhi as trade optimism dulls safe haven demand

2 months ago

New Delhi: Gold prices declined by Rs 700 to Rs 1,25,900 per 10 grams in the national capital Monday, tracking weak global trends as easing US-China trade tensions dented safe-haven demand. According to the All India Sarafa Association, the yellow metal had climbed Rs 1,000...

Growth outlook for FY26 remains strong despite global economic, trade uncertainties

2 months ago

New Delhi: The growth outlook for FY26 remains strong, supported by domestic demand, lower inflation, monetary easing, and the positive effects of GST reforms despite global economic and trade policy uncertainties, a finance ministry report said Monday. "Against a global backdrop characterised by economic and...

SC allows Centre to reconsider Vodafone Idea’s Rs 5,606 cr AGR dues for FY 2017

2 months ago

New Delhi: In a significant development, the Supreme Court Monday permitted the Centre to reconsider and reconcile Vodafone Idea Ltd's pending adjusted gross revenue dues amounting to Rs 5,606 crore for the financial year 2016–17, observing that the issue falls within the policy domain of...

Sensex jumps 567 points amid global stocks rally on hopes of US-China trade deal, Fed rate cuts

2 months ago

Mumbai: Benchmark BSE Sensex jumped by nearly 567 points and broader Nifty closed above 25,900 Monday following a sharp rally in global markets, as softer-than-expected US inflation reignited hopes of Fed rate cuts this year. The 30-share BSE Sensex jumped 566.96 points or 0.67 per...

Afghan and Pakistani transporters stranded on the road leading to Torkham border, which has remained closed since October 13, have urged authorities to exclude bilateral trade from political and security issues between the two nations. The transporters told local media that they have been suffering a lot, running short of money and also facing physical and psychological issues. Quoting the stranded transporters, Pakistan's leading daily, Dawn, reported that around 4000 to 5000 vehicles, carrying multiple trade goods, are waiting for the border to reopen with no definite date in sight in the near future for the resumption of trading relations between the two nations. Transporters said that they were facing several issues, including personal and goods security, monetary losses, shortage of food and water and continuous mental torture. A local transporter told the newspaper that said that a number of his fellow transporters had exhausted their money during the past two weeks for arranging water and food, medicines and maintenance of their loaded vehicles. He said that none of the so-called transporters' unions had asked them about the problems they were facing, while the brokers and goods owners were not considering their financial issues, as they refused to offload the current consignment in order to save them from further losses. He said that they were finding it difficult to protect their loaded vehicles, arranging for food and water while also sleeping on the hard surface of the road, as they had no option. Their concerns come after tensions between Afghanistan and Pakistan escalated on October 11, days after explosions rocked Kabul while Afghanistan's Foreign Minister Amir Khan Muttaqi was in India. In response, the Taliban launched a deadly offensive along the border with Pakistan. Both countries later agreed to an immediate ceasefire after more than a week of intense fighting that left dozens dead and hundreds injured. Pakistan has accused the Taliban of allowing hostile groups, including the Tehreek-e-Taliban Pakistan (TTP), to operate from “sanctuaries” in Afghanistan, a charge denied by the Taliban. Taliban has blamed Pakistan's aggressive actions, including airstrikes on Kabul, as the reasons for the escalation of the conflict.

Torkham border dispute freezes Afghanistan-Pakistan trade, strains drivers

2 months ago

Islamabad: Afghan and Pakistani transporters stranded on the road leading to Torkham border, which has remained closed since October 13, have urged authorities to exclude bilateral trade from political and security issues between the two nations. The transporters told local media that they have been...

IndiGo resumes Kolkata-Guangzhou direct flights

2 months ago

New Delhi: IndiGo Monday said it has restarted flights between Kolkata and Guangzhou, marking the resumption of direct air services between India and China after a gap of more than five years. The first flight, operated with an Airbus A320 aircraft, took off from Kolkata...