Amazon Email Blunder Exposes Cloud Unit Layoffs
Amazon accidentally confirmed upcoming layoffs in its cloud division through an erroneously sent email to employees, acknowledging organizational changes amid ongoing restructuring.
Category : Corporate News
Amazon Closes Stores for Same-Day Grocery Delivery Focus
Amazon is closing dozens of Amazon Fresh and Amazon Go stores to concentrate on expanding same-day grocery delivery and Whole Foods operations, aiming to compete with Walmart's market dominance.
Gold, Silver Prices Surge to Record Highs on Safe-Haven Demand
Gold prices surged to a record high above $5,200 per ounce in international markets, driven by safe-haven demand amid economic and geopolitical uncertainty. Silver also saw significant gains, with futures jumping over 7%.
MP Auto Dealers Seek Budget 2026 Support for Sales, EVs & Tax Cuts
Automobile dealers in Madhya Pradesh hope Union Budget 2026 will boost demand in passenger vehicles, two-wheelers & EVs through tax relief, easier financing & policy support.
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Tim Cook's White House Visit Sparks Political Backlash for Apple
Apple CEO Tim Cook faces criticism for attending a White House event with President Trump during Minneapolis protests, testing his apolitical corporate strategy and revealing tech industry's political balancing act.
Vedanta Sells HZL Stake via OFS to Raise Rs 4,600 Crore
Vedanta Ltd plans to sell up to 6.7 crore shares of Hindustan Zinc through an offer for sale, aiming to raise nearly Rs 4,600 crore to strengthen its balance sheet and optimize capital structure.
UP Secures Rs 3 Lakh Crore Investment at Davos
Uttar Pradesh government signs 31 MoUs worth nearly Rs 3 lakh crore at Davos WEF, with major investments in data centers, renewable energy, and manufacturing sectors.
Kitex MD Denies ED FEMA Case, Calls Reports Fake
Kitex Group MD Sabu M Jacob refutes media reports of ED FEMA case, calling them baseless. He clarifies notices were routine for exporters, denies NDA joining to evade action, and plans legal steps.
IndiGo Extends Flight Cancellations to Central Asia
IndiGo has extended flight cancellations to Tbilisi, Almaty, Baku, and Tashkent until February 11 due to tensions in Iran. The airline cites airspace safety concerns and aircraft limitations.
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UPS Cuts 30,000 Jobs, Reduces Amazon Dependency
UPS announces up to 30,000 operational job cuts and facility closures as part of its strategic turnaround, focusing on higher-profit sectors like healthcare while reducing Amazon shipments.
GM Shares Jump 9% After Robust Q4 Profit and 2026 Outlook
General Motors shares climbed over 9% after reporting strong Q4 2025 profits and raising its 2026 outlook, driven by robust demand for trucks and SUVs in North America.
Delhi Police EOW Case in Rs 500-Crore Fortis Trust Row
Delhi Police's Economic Offences Wing files case after Japna Singh, wife of ex-Fortis promoter Malvinder Singh, alleges illegal removal from Rs 500-crore trust by sister-in-law Aditi Singh.
PC Jeweller Q3 Profit Jumps 28%, Revenue Surges 37%
PC Jeweller reports strong Q3 FY2025-26 results with 28% net profit growth and 37% revenue increase. Company advances toward debt-free status and expands franchise network.
Amazon Closes Go & Fresh Stores, Focuses on Whole Foods
Amazon announces closure of all Amazon Go and Fresh physical stores by February 1, shifting focus to Whole Foods Market expansion and grocery delivery services.
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Khosla Challenges Trump-MAGA in Tech, Urges Musk Workers to Quit
Indian-American billionaire Vinod Khosla sparks controversy by urging non-white employees at Elon Musk's companies to resign, positioning himself as a rare tech titan opposing Trump's growing Silicon Valley influence.
KPMG Opens New Tax Office in Kolkata, Strengthening Global Hub
KPMG Global Services Delivery Platform inaugurates a new Kolkata office for its Tax Business Unit, enhancing the city's role as a global hub for technology-driven tax services and creating career opportunities.
ONGC Seeks Shell, ExxonMobil, TotalEnergies for Offshore Boost
India's ONGC has invited 10 global energy majors including Shell, ExxonMobil, and TotalEnergies to bid as technical service providers for enhancing production in western offshore fields amid muted oil and gas output.
Metro Brands Q3 Revenue Up 15%, Declares ₹3 Dividend
Metro Brands Limited reports strong Q3 FY26 results with 15% revenue growth to ₹811 crore, driven by festive demand and GST reduction. EBITDA margin expands to 32.7%, net profit surges 37.1% YoY.
EU FTA: Auto Stocks Fall, Textiles Rise in India
India-EU Free Trade Agreement causes auto stocks to decline as tariffs drop, while textile shares surge with EU eliminating 12% duties. Market reacts to sectoral shifts.
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Khosla vs Musk: Racism Row Over 'WAGA' Comments
Indian-American billionaire Vinod Khosla has accused Elon Musk of racism, urging non-white and 'decent white' employees at Tesla, SpaceX, and X to resign. The clash erupted after Musk expressed concerns about declining white populations globally.
Vodafone Idea Q3 Loss Narrows to ₹5,286 Crore
Vodafone Idea reports Q3 net loss of ₹5,286 crore, down from ₹6,609 crore YoY. Revenue rises 2% to ₹11,323 crore, ARPU improves to ₹182. Network expansion and data growth drive performance.
Generational Divide: Late-Night Work Messages Spark Debate
Indian workplaces face a generational clash as late-night messages divide employees. Older generations see commitment, while younger workers view them as disrespectful intrusions.
TCS Rs 330 Cr Brazil Campus Investment by 2027
Tata Consultancy Services announces a Rs 330 crore investment to construct a new campus in Brazil by 2027, featuring 9,000 sq m area and LEED Gold certification.
Tier-2 Cities Senior Salaries Rise, Closing Metro Gap
A new report reveals that senior-level salaries in India's tier-2 cities are growing rapidly, significantly reducing the compensation gap with metropolitan areas like Delhi and Mumbai.
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Aster DM Healthcare NCLT Order for Merger Meetings
Aster DM Healthcare has received an order from the National Company Law Tribunal to convene meetings of shareholders and creditors for approving its merger with Quality Care India Ltd.
Purpose-Driven Leaders Reshaping Indian Business Landscape
A new wave of Indian business leaders is prioritizing purpose and passion over profit, driving innovation and social impact in a rapidly evolving corporate landscape.
Khosla Attacks Musk Over 'WAGA' Racism Claims
Indian-American billionaire Vinod Khosla accuses Elon Musk of promoting 'White America Great Again' ideology, urging non-white employees at Tesla, SpaceX, and X to resign and join his ventures amid ongoing race-related controversies.
India Protects Citizens from Global Fuel Price Shocks
Union Minister Hardeep Singh Puri highlights India's success in insulating citizens from severe fuel price shocks despite global volatility. At India Energy Week, he emphasizes energy security and transition.
SC Rejects JioStar Plea on CCI Kerala Probe
The Supreme Court upheld the Kerala High Court order, allowing CCI to investigate JioStar for alleged abuse of dominance in Kerala's television sector through discriminatory pricing.
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BMW-UNICEF STEM Initiative Boosts Education in India
The BMW Group and UNICEF partnership has significantly advanced STEM education in India, impacting thousands of students and teachers through innovative learning programs and infrastructure development.
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