India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
INDIA: A 6 a.m. email erased 20 years of service for some workers in India following the Oracle layoff of 12,000 in the country, which is part of a larger global reduction impacting approximately 30,000 workers or roughly 18% of its workforce. A post on Instagram says: "No warning. No HR call. No manager meeting. Oracle employees across India woke up to a termination email at 5 or 6 AM with immediate effect." It also laments that the cut involves 12,000 jobs in India alone. "Just got an email at 5 a.m. Over 20 years of service. Nice," wrote an employee online, as reported by software_muchatlu on Instagram (IG). The news is that another round of layoffs is reportedly coming within a month. Still on IG, corybittnerkc posted a video telling how a client woke up yesterday morning on vacation to an email telling him he no longer had a job. "He'd been joking about this happening for years. Oracle is just today's example of something bigger. The rules changed, and nobody sent a memo. You need to understand that and plan accordingly," he said. As of the first of April, Oracle has reportedly laid off thousands of employees with operational streamlining, AI adoption, and regional streamlining as the primary reasons cited for these massive cuts. Reports also state the company is facing pressure from investors about the amount of debt it's raising for AI investments and its dwindling cash flow. Also, the wave of layoffs is not hitting Oracle alone. In another IG post five days ago, nadahfeteih says she got fired while sitting in her car in a parking lot. "I was sitting in my car in the @stanford parking lot waiting for a friend after the #metalayoffs and clearly shocked, confused, and processing." "Because what exactly are you supposed to do after losing your job?" she asked, adding that after the shock, her mind went to sunsets, being outdoors in a life-changing moment. Meanwhile, ux.dancarino gave a detailed explanation on his firing from Meta. "I was a product designer at Meta. I have been unemployed since Wednesday. Documenting what happens," says the caption to the video. Saying that he has 60 days to find a new job, "or I'll be kicked out of the UK." He narrated how he went to the office to present some documents to update his manager in a one-on-one scheduled meeting, but the manager went on a call with him. "She sat down, and then she went into a call, and I thought she was going to present something, but then a woman appeared on the big monitor, and I realised, oh, okay, this is this kind of meeting. "I was surprisingly calm because my original manager was actually laid off the month prior, and then there were rumours of layoffs at Meta. "I had to immediately grab my stuff and leave the office, hand in the equipment, and my badge. My manager did ask me if I wanted to grab any snacks before I left. Of course, I did," showing the snacks he grabbed from the Meta office.
BENGALURU: After two-and-a-half years' wait, many campus recruits got their jobs in Infosys in October last year, but at least 490 of them from the 2022 batch were laid off last week from the Mysuru campus. Infosys in a statement said all freshers get three attempts to clear the assessment, failing which they will not be able to continue with the organisation. However, a couple of trainees that this newspaper spoke to said it was a stringent assessment and that there was no mention of these three attempts in their offer letters. Have IT companies' assessments changed over the years? No, say H ...Read More >
NEW DELHI: Axiom-4 crew members, including Shubhanshu Shukla, were welcomed with hugs and drinks as they stepped into the International Space Station on Thursday. The newly launched spacecraft -- the fifth in the Dragon series and named Grace -- successfully completed a soft docking with the International Space Station at 4.01pm while orbiting above the North Atlantic Ocean."At 6:31 am EDT (4:01 IST) on Thursday, the SpaceX Dragon spacecraft docked to the International Space Station for the fourth private astronaut mission to the orbiting laboratory, Axiom Mission 4," the National Aeronautics ...Read More >
New Delhi [India], July 2 (ANI): Delhi police have apprehended a 21-year-old man for allegedly creating multiple fake Instagram accounts of a college girl and uploading on them her sexually explicit AI-edited images, officials said on Wednesday. 'A college-going girl lodged a complaint on June 16, 2025, reporting that multiple fake Instagram accounts were created using her identity. These accounts uploaded sexually explicit, AI-edited images of her and were used for online harassment and blackmail,' South West Delhi Additional DCP Abhimanyu Poswal told ANI. The police officer said that the s ...Read More >
New Delhi, Jul 4 (PTI) The Centre has notified the Unified Waqf Management, Empowerment, Efficiency and Development Rules, 2025 that deal with issues such as the portal and database of Waqf properties, the manner of their registration, conduct of audit and maintenance of accounts. The rules were notified on Thursday in exercise of powers under Section 108B of the 1995 Act, which was inserted through the Waqf (Amendment) Act 2025, which came into effect from April 8, 2025. Also Read | 'Seeking Clarity Is Not Misinformation': CM Siddaramaiah Responds to Biocon Chief Kiran Mazumdar Shaw on COVI ...Read More >
New Delhi [India], June 8 (ANI): External Affairs Minister S. Jaishankar will undertake an official visit to France, the European Union (EU), and Belgium from June 8 to 14, 2025, the Ministry of External Affairs announced in a press release on Sunday. The visit marks a significant step in further strengthening India's strategic partnerships with Europe. The EAM will first travel to Paris and Marseille, France, where he will hold bilateral discussions with the Minister for Europe and Foreign Affairs of France, Jean Noel Barrot. Also Read | Indian Citizen Dies in UAE: Civil Engineer Issac Paul ...Read More >
Jaipur: Police in Didwana have stepped up their probe into a cross-border smuggling case in which they arrested two arms and drug smugglers on June 27 for supplying Austrian Glock and Chinese Norinco pistols. It has emerged that the case has links to a massive Rs 300-crore heroin consignment seized by Punjab's Amritsar police near the India-Pakistan border in Barmer on June 30. Canada-based Joben Kaler was identified as the main overseas handler of the heroin consignment. Didwana-Kuchaman police had arrested Mohammad Ilyas from Khunkhuna and Amarjeet Singh Takhar, alias Prince, from Jalandhar ...Read More >
AMD sees India as a key market. Reliance Jio is using AMD's GPUs in its data centers. Both companies are working on future plans. AMD aims to support India's sovereign AI capabilities. The company is collaborating with various large players in India. AMD also emphasizes its open ecosystem and collaborative approach.India is a "super important" market for AMD and the largest telco Reliance Jio is among the customers using the graphic processing units (GPUs) in its data centres, a senior official has said. The company, which has around 8,000 employees here, considers India as a key hub from an ...Read More >
Trial conducted over a 118 km Boston metro route with 10 network hops and nine ROADMs. US wireless carrier Verizon has successfully tested the transportation of 1.6 terabits per second of data across a single wavelength on its live metro fiber network. Utilising Ciena's WaveLogic 6 Extreme (WL6e) coherent optical solution, the trial, conducted in Boston, demonstrated data travelling farther and faster across Verizon's fiber network. This upgrade enhances the network's ability to handle the workloads generated by artificial intelligence (AI) applications, particularly Generative AI, according ...Read More >
June 30 (Reuters) - Futures tracking the S&P 500 and Nasdaq touched record highs on Monday, as optimism over U.S. trade negotiations with its key partners helped support upward momentum in markets. Shares of technology heavyweights rose premarket after Canada scrapped its digital services tax targeting U.S. tech firms, just hours before it was due to take effect, in a bid to advance stalled trade negotiations with the United States. Shares of Amazon (AMZN.O), opens new tab, Meta Platforms (META ...Read More >
CHENNAI: In a move to sharpen India's digital talent edge, Nasscom on Tuesday announced the establishment of a new Talent Council to drive workforce transformation across emerging technologies. The council will guide national skilling priorities in DeepTech, AI, semiconductors, and cybersecurity, besides diving industry-academia collaborations. "This is a critical step in reimagining our talent strategy. India must evolve from being talent-rich to building expert talent that applies technology to innovate enterprise and society," said Sathish HC, chief delivery officer at Infosys, who will c ...Read More >
Infosys has announced an average 85% performance bonus for eligible employees in Q2 FY25, reflecting its strong financial performance. The bonus, paid to mid- and junior-level staff, will be credited with the November salaries, with individual payouts varying based on performance. This follows Infosys' impressive 4.7% rise in Q2 net profit and a revenue increase of 5.1%, leading to an upward revision of its FY25 revenue guidance. The bonus payout surpasses the previous quarter's 80%, with Infosys outpacing rivals like TCS. Employees are also awaiting salary hikes, with revisions expected from ...Read More >
Melbourne: A celebrity and "public relations maven" from Australia Roxy Jacenko has said she regrets turning her daughter, Pixie Curtis, into a child social media influencer. The 13-year-old's Instagram account had long been used by her mother to generate income via brand sponsorships and online businesses such as Pixie's Bows and Pixie's Toys. But Jacenko is now saying the money wasn't worth the negative effects of Pixie's public persona, which included being bullied at school. This admission, along with the government's decision to ban social media for under-16s, is a timely reminder for p ...Read More >
Anuj Kumar, Director & CEO of CAMS, highlights that despite recent market corrections, the company expects FY25 to be one of its strongest years. CAMS continues to dominate by winning 70-80% of new bids, focusing on execution and margin expansion, and anticipates significant revenue and profit growth driven by mutual funds and associated business lines.Anuj Kumar, Director & CEO, CAMS, says there has been some market correction and some flattening of the mood in the last two months. But as things come back, we should be holding our projections and FY25 should be one of the strongest years in t ...Read More >
Hyderabad: Artificial Intelligence (AI) has become an integral part of Microsoft's business, and the company is putting pressure on its workforce to adopt AI, whether they like it or not. A leaked internal document revealed that Microsoft will pay close attention to its employees' contributions in the company's AI efforts during performance evaluations, revealed at the beginning of the year. Moreover, a report published by Business Insider mentions that Microsoft is asking its managers to evaluate employees based on how frequently and effectively they use the company's own AI tools. Julia Li ...Read More >
Mumbai, July 2: TikTok is reportedly planning to announce another round of layoffs, affecting e-commerce team staff from the global workforce. The TikTok layoffs will reportedly be announced due to 'organisational and personnel changes'. The company shared a memo with its employees, citing the same reason and hinting at possible layoffs. TikTok has announced several rounds of layoffs this year for various reasons. TikTok is banned in India, but it has been struggling in the US. Recently, US President Donald Trump extended the deadline for the third time for 90 days, allowing the platform to o ...Read More >
Srinagar, Jul 4: Lieutenant Governor (LG) Manoj Sinha Friday said that he was proud to see women breaking barriers in agricultural sciences and technology. In his address at the 6th convocation ceremony of Sher-e-Kashmir University of Agricultural Sciences and Technology, Kashmir (SKUAST-K), the LG said, "Proud to see our daughters breaking barriers and achieving success in Agricultural Science and Technology. It reflects a bright future for J&K and the nation." During the convocation, of the 5250 degrees of undergraduate, master's, and PhD, 2661 degrees were awarded to women, of the 150 stu ...Read More >
Guwahati: Social media influencer Babydoll Archi, reportedly from Assam and known for her bold Instagram content, has taken the internet by storm. With over 750,000 followers, Archi -- whose real name is Archita Phukan, according to her Instagram bio -- rose to viral fame thanks to her trending reel set to the catchy track "Dame Un Grrr" by Kate Linn. The transformation reel, where she dons a striking saree, has crossed 1 million views. Ready for a challenge? Click here to take our quiz and show off your knowledge! However, her sudden rise to internet stardom remains a mystery. Searches lik ...Read More >
New Delhi [India], February 3: SarkarSEO, a leading SEO agency, is introducing a new approach to digital rankings with its Search Everywhere Optimization strategy. As AI-powered search engines like ChatGPT, Perplexity, and Bing AI change how people find information, SarkarSEO is helping businesses rank across all platforms, not just Google. Also Read | US Shocker: Woman Allegedly Beats 14-Year-Old Son to Death With Extension Cord Over Unfinished Chores, Waits 5 Minutes Before Calling 911; Arrested. Search Everywhere Optimisation takes advantage of the fractured nature of the search, optimisi ...Read More >
Pune: Hospitals in Pune have started reporting an increase in dengue cases among children following recent heavy rainfall and intermittent showers. Conditions are now ripe for mosquito breeding, experts said, as they warned citizens to ensure there's no waterlogging or stagnant pools near homes and offices. "Dengue is typically seen first in children as they often play outside," said Dr Sagar Lad, a senior neonatologist and pediatric intensivist at Jehangir Hospital and Sahyadri Hospital, Shastrinagar. Dr Lad said he's seen at least three children admitted for dengue this week, with all of the ...Read More >
New Delhi, Jul 4 (PTI) The Centre has notified the Unified Waqf Management, Empowerment, Efficiency and Development Rules, 2025 that deal with issues such as the portal and database of Waqf properties, the manner of their registration, conduct of audit and maintenance of accounts. The rules were notified on Thursday in exercise of powers under Section 108B of the 1995 Act, which was inserted through the Waqf (Amendment) Act 2025, which came into effect from April 8, 2025. Also Read | Centre Notifies Waqf Management Rules 2025; Portal, Database, Audit of Waqf Properties. According to the rul ...Read More >
Mumbai, July 2: Garena Free Fire MAX is a battle royale game that offers unique survival battle experience to the mobile gamers. The players who are familiar with the games like CODM, PUBG and BGMI, will find this game engaging. The players have to land on a large battle map after jumping from an aeroplane and start gathering guns and ammo to shoot other players. They need to survive a match staying in shrinking 'safe zone'. Garena Free Fire MAX codes lets players claim rewards that help them defeat others. Check out the Garena Free Fire MAX redeem codes for today, July 2, 2025. Garena FF MAX ...Read More >
New Delhi, July 4 (SocialNews.XYZ) Global technology brand realme has released a new teaser that's generating widespread buzz online, just ahead of the anticipated launch of its realme 15 Series in India. The poster features a silhouetted figure dramatically lit under a spotlight, accompanied by the tagline "Live for Real" and the line: "I live for real. The camera just follows." With the identity still concealed, the central figure has sparked widespread speculation across social media. Fans and creators are actively trying to piece together clues, comparing the outline to popular figures f ...Read More >
New Delhi, July 4: Air India has denied allegations from British law firm Stewarts Law that it forced families of the AI 171 crash victims to disclose financial dependency on the deceased to get compensation. Over 40 families represented by Stewarts Law have accused the airline of coercion and intimidation as they pursue claims related to the crash of the London-bound Boeing plane crash at Ahmedabad in which over 241 passengers and crew were killed. "Air India categorically rejects these allegations and refutes them as both unsubstantiated and inaccurate," the Tata Group airline said in a sta ...Read More >
Hyderabad: Thousands of people who gathered at ashoorkhana in Dabeerpura on the 10th day of Muharram (Youm-e-Ashura) took part in the Bibi-ka-Alam procession. The procession commenced from Dabeerpura on an elephant and concluded at Chaderghat. The Shia mourners took out the procession to mark the martyrdom anniversary of Prophet Mohammad's grandson, Imam Hussain, on the 10th day of Muharram. Members of the Shia sect performed matam and participated in processions. The 10th Muharram is the day on which Imam Hussain was martyred in the battle of Karbala by Yazid and his army. The relic made of ...Read More >
Umwelt.Ai has partnered with PeopleStrong to enhance employee experiences and streamline HR processes through advanced AI-driven engagement solutions. This collaboration combines Umwelt.Ai’s cutting-edge analytics and sentiment analysis with PeopleStrong’s expertise in Human Capital Management (HCM), delivering real-time insights to tackle workforce challenges. The partnership aims to boost employee satisfaction, retention, and productivity, aligning with the rapid growth of India’s employee engagement market. Umwelt.Ai’s CEO Vishal Chopra emphasized its role in fostering dynamic workplaces, w ...Read More >
NEW DELHI: Coursera, Inc., one of the world's largest online learning platforms, unveiled its annual learner trends for India, based on insights from over 27 million registered learners. This year, India surpassed Europe in the total number of learners on Coursera, highlighting the ambition and commitment of Indian learners to upskill and stay competitive in a rapidly evolving global workforce. Two key trends emerged in 2024: an unprecedented demand for GenAI learning and a growing preference for role-specific content to prepare for specific jobs. According to Microsoft's Work Trend Index 202 ...Read More >
New Delhi, June 27: Panasonic layoffs are expected in India as the company restructures its operations to exit from certain product segments. Panasonic is reportedly planning a major shift in its India strategy and is likely to exit the refrigerator and washing machine segments. The development hints at the downsizing of the company's consumer electronics business in the country. The Panasonic job cuts in India may affect employees linked to the company's business related to the refrigerator and washing machine segments. As per a report of The Economic Times, Panasonic Holdings is exiting its ...Read More >
From Lucknow To Stars: 5 Lesser-Known Facts About Shubhanshu Shukla - 1st Indian On International Space Station CBSE Supplementary Exam Schedule 2025: The Central Board of Education (CBSE) has officially released the timetable of the Class 10th and Class 12th Supplementary Exams. Students who could not clear the class 10th or 12th exams (not more than two) or want to improve their scores can check their exam schedule through the official website, i.e. cbse.gov.in. The exams will start from 15th July, 2025 so students are advised to prepare accordingly. The exam will start at 10:30 AM and wil ...Read More >
Saturday, 28 June 2025 () India is set to maintain strong economic growth, surpassing G7 nations. This growth is driven by domestic demand and favorable demographics. India's share in global GDP is increasing. Merchandise trade with G7 countries has grown significantly. India is leading global initiatives in clean energy and digital governance. Strategic cooperation with G7 nations will shape future growth. ...Read More >
New Delhi: Nearly 88% of global enterprises now have dedicated budgets for Artificial Intelligence (AI), with nearly two-thirds of them spending over 15% of their overall tech budgets on AI projects, a new report said on Monday. This major investment push marks a clear shift from early experimentation with Generative AI to building intelligent, goal-oriented systems known as AI agents, according to data compiled by Nasscom. Titled 'Enterprise Experiments with AI Agents - 2025 Global Trends,' the report provides a comprehensive look at how companies across the globe are preparing for the next ...Read More >