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Bengaluru: The dreaded 6 am emails from Oracle leadership, along with the sudden revocation of VPN and Slack access, have come to define the ongoing layoffs in India. An estimated 10,000-12,000 employees in India -- out of its 50,000-strong workforce -- are likely to be affected, according to industry sources, while globally the company is said to be cutting around 30,000 roles.India, often described internally as a second headquarters for Oracle, is now bearing the brunt of the company's aggres ...Read More >
Sanand (Gujarat), March 31 (SocialNews.XYZ) Union Electronics and Information Technology Minister Ashwini Vaishnaw on Tuesday said four semiconductor plants are expected to be ready in India by 2026, as he outlined an accelerated roadmap for the sector following the inauguration of a new facility in Gujarat. In comments after Prime Minister Narendra Modi inaugurated the Kaynes Semicon's OSAT plant in Sanand, Vaishnaw said: "In 2026, four plants will be ready, and two plants in 2027. India's fir ...Read More >
New Delhi, Oct 20 (SocialNews.XYZ) A wireless retinal implant showed potential to restore central vision in patients with advanced age-related macular degeneration (AMD), according to clinical trial results published on Monday. Advanced atrophic AMD, also known as geographic atrophy (GA), is the leading cause of irreversible blindness in older adults, affecting more than 5 million people worldwide. The study, led by researchers from the University College London, University of Pittsburgh, and ...Read More >
Jammu: Directorate of School Education Jammu (DSEJ) has declared Pooja holidays for all government and recognised private schools across Jammu Division from October 19 to October 23, 2025. According to an order issued by the Director School Education Jammu (DSEJ) said It is hereby ordered that all the Government Educational institutions and also recognized Private School (s) upto Higher Secondary levels (Summer /Winter Zones) of Jammu Division shall observe Pooja Holidays w.e.f 19-10-2025 to 23 ...Read More >
Bengaluru - An investor group including Singapore's Temasek, BlackRock, Microsoft and Nvidia is buying one of the world's biggest data centre operators with nearly 80 facilities in a deal worth US$40 billion (S$51.8 billion) to secure coveted computing capacity for artificial intelligence (AI). The deal is the biggest-ever data centre transaction as companies race to lock in AI computing power. Aligned Data Centers, which is based in Texas, currently has 50 campuses in the United States and So ...Read More >
(Reuters) -U.S. stock index futures rose on Monday, building on gains from last week as a flurry of AI-related dealmaking and softer labor market trends bolstered expectations for an interest-rate cut. The resilience in equities came despite the federal government shutdown showing little signs of resolution, underscoring the persistent appetite for tech stocks and an increased focus on the upcoming earnings season for cues on the trajectory of the economy. "The current AI infrastructure buildo ...Read More >
Jayshree Ullal (left), Kiran Mazumdar-Shaw (centre), Falguni Nayar (right) India's businesswomen and entrepreneurs recently made history at the release of the M3M Hurun Rich List 2025 on Wednesday. As per the annual report published by the Hurun Research Institute, which tracks the wealth and assets of India's most affluent groups and families, India's businesswomen made history this week by featuring in the top spot of the Hurun India rich list for the very first time. Roshni Nadar Malhotra ( ...Read More >
STORY: Wall Street hit a milestone on Tuesday as all three major stock indexes closed at record highs, with the Dow adding more than four-tenths of a percent, the S&P 500 gaining over a quarter of a percent and the Nasdaq climbing more than a third of a percent. Data released on Tuesday showed U.S. employers added nearly a million fewer jobs in the 12 months through March than previously estimated. The large downward revision supported expectations the Federal Reserve will soon cut interest ra ...Read More >
(Reuters) -U.S. stock index futures slipped on Thursday, as investors stepped to the sidelines and awaited an earnings report from big-box retailer Walmart and clues on the Federal Reserve's next policy move from a three-day conference in Jackson Hole. A sharp decline in technology stocks such as Nvidia, AMD, Palantir and Meta earlier this week signaled investor fears that the stocks, which have soared since April lows, are now overvalued, while Washington's growing interference in the sector h ...Read More >
NEW YORK, Aug 5 (Reuters) - U.S. stocks ended lower on Tuesday as investors weighed the impact of tariffs after Yum Brands (YUM.N), opens new tab and other companies cited trade duties in their results or outlooks. In addition, U.S. President Donald Trump said the U.S. could impose a "small tariff" on pharmaceutical imports before increasing the rate subsequently. He also signaled an announcement on tariffs on semiconductors and chips in the "next week or so." Shares of KFC parent Yum Brands ( ...Read More >
July 17 (Reuters) - Futures tracking the Nasdaq and the S&P 500 rose on Thursday, as strong results from Taiwan's TSMC boosted chipmakers after a rollercoaster session marked by concerns about the Federal Reserve's independence. At 5:45 a.m. ET, Dow E-minis were down 24 points, or 0.05%, S&P 500 E-minis were up 5.75 points, or 0.1%, and Nasdaq 100 E-minis were up 41.25 points, or 0.18%. U.S. chipmakers rose in premarket trading after TSMC (2330.TW), opens new tab, the world's main producer of ...Read More >
Pune: The ongoing pre-non-interlocking and non-interlocking works to develop the Hadapsar railway station would affect trains' movement in the Daund-Pune section this week from Thursday till Sunday. A total of 17 trains, including DEMUs from Pune to Daund and Baramati to Pune, Pune-Harangul Express (01487), Harangul-Pune Express (01488), Solapur-Pune Intercity Superfast Express (12169) and Pune-Solapur Intercity Express (12170), would remain cancelled on Sunday (July 20), a railway official said ...Read More >
New York/Bengaluru -- Thinking Machines Lab, the artificial intelligence start-up founded by former OpenAI executive Mira Murati, said on Tuesday it has raised about $2bn at a valuation of $12bn in a funding round led by venture capital firm Andreessen Horowitz. The fundraise also saw participation from AI chip giant Nvidia, Accel, ServiceNow, Cisco, AMD and Jane Street, the start-up said. The huge funding round for a company launched only in February, with no revenue or products yet, undersco ...Read More >
New Delhi, July 11 (SocialNews.XYZ) Despite volatility and chaos in the US stock market in the Q2 (April-June) period this year, Indian investors doubled down on their investments in shares of leading US companies, a report said on Friday. The April-June quarter was anything but ordinary for the US stock market, even as the S&P 500 plummeted 13 per cent in April after President Donald Trump's 'Liberation Day' tariff shock. The volatility spiked to crisis level before it started softening after ...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 ...Read More >
Hyderabad: MSI on Tuesday announced a new range of AI-powered laptops and two new handheld gaming consoles at the 2025 Computer Show held at the Taipei Nangang Exhibition Centre. MSI is offering consumers the option to choose between AMD and Intel chipsets for both the gaming consoles and the laptops. MSI Handheld Gaming Consoles The newly introduced handheld gaming consoles from MSI -- Claw 8 AI+ Polar Tempest Edition and Claw A8 -- come with an 8-inch Full HD+ display with support for a 120H ...Read More >
The companies will continue to work together from a business development perspective across cloud gaming, AI and network orchestration in the Telco sector. With this latest licence deal coming quickly on the back of the recent Rights issue, Activeport is now fully capitalised and ready to accelerate its recurring revenue growth from network orchestration licences and SaaS for Telco's and data centres. This licence deal highlights the value Activeport's engineering expertise in bare-metal o ...Read More >
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