The voluntary exit scheme comes as Microsoft pours billions of dollars into AI infrastructure while scaling back its workforce. (Representational Image) Microsoft Chief Financial Officer Amy Hood expects only a small number of employees to take up the company’s latest voluntary exit offer, despite the…
Category: Business
Reliance’s Hamleys Franchising Arm Faces Closure in UK
Reliance Industries’ Hamleys franchising arm in the United Kingdom (UK) is facing closure after a notice was published to strike off the company from the country’s official register. The development relates to Hamleys (Franchising) Ltd, the UK-registered entity involved in the toy retailer’s franchising operations,…
Railways Revises VDA Rates For Contract Workers From October 1; Check New Minimum Wages
The Railway Board issued a letter dated 28 October, referring to the Labour Bureau’s revised VDA order dated 30 September. (Image Source: Pixabay) The Ministry of Railways has revised Variable Dearness Allowance (VDA) rates for contract workers employed in specified categories, with the updated rates…
SBI Card To Impose 1% Fee On High-Value Fuel And Transport Payments From December 1; All You Need To Know
SBI Card rule changes from December 1. (File Photo) SBI Card users will face revised charges on certain high-value fuel and transportation payments from December 1, 2026. The credit card issuer announced the changes in a communication dated October 27, with the new fee structure…
India’s FY27 Power Demand Growth Forecast Raised To 9% As Power Generation Surges: Jefferies
India’s FY27 Power Demand Growth Forecast Raised To 9% As Power Generation Surges: Jefferies (REUTERS/Amit Dave) India’s power demand growth forecast for FY27 has been raised to 9 percent from 7 percent earlier, as electricity generation surged amid rising consumption, with Jefferies warning that tight…
Silver Prices Crash By Halve From Peak In 2026: Factors Behind Metal’s Dramatic Fall
Silver prices. (AI-Generated Image) Silver prices have plunged from record highs, losing more than half their value in less than nine months. The precious metal, which touched a record high of nearly $117 per ounce on January 28, 2026, fell more than 53% to trade…
8th Pay Commission Update: Major DA Demands That Could Change Salaries, Pensions
8th Pay Commission Update: Meetings and discussions are underway with stakeholders, unions, pensioners, and other participants. (File Photo) Central government employees and pensioners have renewed their long-standing demands concerning dearness allowance (DA) as the 8th Pay Commission gathers feedback before preparing its recommendations. The proposals…
AI Alone Won’t Give Fintechs An Edge: What Navi’s Latest Numbers Reveal
Artificial Intelligence impact on Businesses. (File Photo) Navi Limited’s latest financial performance is offering an early indication of whether co-founder Sachin Bansal’s artificial intelligence (AI)-led approach to lending can deliver sustainable growth, stronger asset quality and consistent profitability in an increasingly competitive digital lending market.…
Tata Group Owned IHCL And Adani Airports Sign Pact To Develop Eight Airport Centric Hotels
Tata Group-Owned IHCL, Adani Airports Sign Pact To Develop Eight Airport-Centric Hotels (AI-generated Image) Tata Group-owned Indian Hotels Company (IHCL) and Adani Airport Holdings Ltd (AAHL) on Thursday announced a multi-hotel operating agreement for eight hotels comprising over 2,000 rooms across Mumbai, Ahmedabad, Lucknow and…
Bulls Return To Dalal Street, Sensex Gains Over 900 Points: What Triggered Rally
Indian stock markets on Thursday staged a strong rebound, with the Nifty closing above the 22,900 mark. Broad-based buying was seen across sectors, barring auto stocks. The market opened on a muted note but gained momentum as the session progressed, led by IT and banking…