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GLOBAL RESTRUCTURING
Microsoft cuts 4,800 jobs as it revamps XboxMicrosoft said Monday it was eliminating about 4,800 jobs -- roughly two percent of its global workforce -- in a cost-cutting move that wil...- Global Market: Citi joins London's bullion clearing network in major precious metals expansionCiti has joined London's over-the-counter gold market clearing network, becoming the fifth bank to do so. This significant move expands the...
- Companies prioritising AI readiness, specialised skills over large-scale workforce expansion: ReportIndian companies are now prioritizing skilled talent and AI readiness over sheer hiring numbers, a shift towards precision in recruitment. ...
- Charting the Global Economy: US hiring slows, eurozone CPI coolsIn Asia, Japan's economy is nearing a post-war growth record, buoyed by AI-driven exports, though some Chinese fund managers warn of an AI ...
- The Devil Wears Prada 2 OTT release date in India: When and where to watch Meryl Streep, Anne Hathaway, Emily Blunt sequel online. Check language versionsThe highly anticipated sequel to The Devil Wears Prada has captivated audiences, earning $678 million globally. The film, reuniting Meryl S...
- Indian IT firms likely to report muted Q1 growth amid AI spending, macro uncertaintyIndia's Information Technology (IT) companies are expected to report another quarter of subdued earnings growth despite seasonal strength, ...
- Global creditors drag Udaan's parent to bankruptcy court in Singapore after $170-million bond defaultInsolvency petition filed this week, A&M appointed as liquidator of B2B commerce company. Ten year old co has seen valuations crash 70% as ...
- Cars24 scraps job titles and hierarchy in AI-era organisational overhaulIndian used-car platform Cars24 has ditched job titles and hierarchical ranks for all employees, adopting a single designation: 'Builder'. ...
- Vedanta Power, Iron & Steel and Oil & Gas shares crash up to 8%. What’s triggering the selloff?Vedanta shares saw profit-taking after a strong rally in newly demerged entities, with most segments falling up to 8% over 14 sessions. Ved...
- Meta's Mark Zuckerberg says AI agent tech progressing slower than expectedZuckerberg and other Meta executives have been seeking to moderate some of the organizational changes introduced earlier this year, witho...
- Udaan faces creditor heat; Bhavin Thurakia's fifth rodeoCreditors have dragged B2B ecommerce firm Udaan’s parent to Singapore court over a bond default. This and more in today's ETtech Top 5.
- Tarun Nandwani appointed CEO of Newgen SoftwareNewgen Software Technologies has appointed Tarun Nandwani as its new CEO for an 18-month term starting August 1, 2026, succeeding Virender ...
- India's private credit market doubles to $25 billion AUM in five years: ReportIndia's private credit market is booming, nearly doubling to $25 billion in assets under management over five years, fueled by strong busin...
- OpenAI offers 5% stake to Trump administration: reportThe proposed arrangement would involve other U.S. AI companies handing over a similar stake to the government, The Financial Times reporte...
- Global Market: M&A hits record $2.8 trillion in H1 2026 as mega-deals dominate activityGlobal M&A activity hit a record Rs 2.8 trillion in the first half of 2026, driven by a surge in mega-deals above $10 billion. Supportive f...
- Why CDSCO and BEE have not kept pace with the industries they overseeCDSCO still faces challenges like chronic understaffing, gaps in technical skills, weak lab infra and fragmented approvals. About a decade ...
- RBI's tighter capital market norms kick in from today; Ashvin Parekh on why the timing mattersNew Reserve Bank of India regulations, now effective from July 1, aim to bolster financial stability by limiting bank exposure to real esta...
- Microsoft to cut under 2.5% of workforce in latest layoffs: reportU.S. companies have continued to trim headcount in recent months, with a fresh wave of layoffs across the technology, media and finance s...
- India's underperformance sets stage for recovery, says JM Financial's Deepak GuptaIndian equities are showing signs of a potential rebound, with attractive valuations and improved currency stability, according to Deepak G...
- BAT to cut 9,000 jobs globally as the world lights fewer cigarettesBritish American Tobacco is slashing approximately 9,000 jobs globally as part of a major restructuring. This significant workforce reducti...
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