 "Cisco’s dramatic layoffs of 5,600 employees highlight a tumultuous industry shift towards AI and restructuring for future growth.")
Cisco, a major US technology company, has announced significant job cuts, laying off around 5,600 employees, which is about 7 percent of its workforce. This comes as part of its strategy to manage costs amid decreasing demand, following earlier layoffs of 4,000 workers earlier in the year. The company is shifting its focus towards investments ...
On September 21, Atishi Marlena will make history as the third woman to take oath as Chief Minister of Delhi, following Sushma Swaraj and Sheila Dikshit. Her rise comes at a critical time for the Aam Aadmi Party (AAP) as they prepare for upcoming Delhi Assembly elections. Atishi, who has previously held multiple key portfolios ...
 "IIFL Finance, a key non-bank lender, regains RBI approval for gold loans, overcoming scrutiny to restore vital business operations.")
IIFL Finance, a leading non-bank lender, recently announced that the Reserve Bank of India (RBI) has lifted restrictions on its gold loan operations. These limitations were imposed in March 2024 due to concerns about the accuracy of gold evaluations and compliance with regulations. With the RBI’s decision now effective, IIFL Finance can resume its activities ...
Akhilesh Yadav, the chief of the Samajwadi Party, recently criticized Uttar Pradesh Chief Minister Yogi Adityanath, suggesting that there’s little difference between a head of a religious institution and a mafia leader. He humorously asked attendees at a press conference to compare their photos and decide who looks more like a mafia figure. This came ...
 "Samsung’s Indian unit escalates tensions, suing striking workers for higher wages, while protests threaten Prime Minister Modi’s investment plans.")
Samsung’s Indian unit has filed a lawsuit against the members of a labor union behind a strike now entering its 11th day at its appliance plant in Tamil Nadu. The company is seeking a temporary injunction to stop union activities that they claim could disrupt operations and threaten worker safety. Since September 9, over 1,000 ...
Union Home Minister Amit Shah has strongly criticized Pakistan’s Defence Minister Khwaja Asif’s statement about the potential return of Article 370 in Jammu and Kashmir, linking it to the Congress and National Conference’s ambitions. Shah claimed that both Congress and Pakistan share the same agenda, harming India’s interests. He accused Congress leaders, including Rahul Gandhi, ...
 "Binance denies liability for WazirX’s recent cyber attack, citing lack of ownership and distancing itself from the compromised platform.")
Binance, the global cryptocurrency leader, has clarified its lack of responsibility regarding the recent cyber attack on the Indian crypto exchange WazirX. In a blog post, Binance asserted that it does not own or operate WazirX, despite previous claims of an acquisition. The attack, which resulted in the theft of over $230 million, led WazirX ...
BJP President J.P. Nadda criticized Rahul Gandhi for his past remarks against Prime Minister Narendra Modi and the Other Backward Classes (OBCs), claiming Gandhi has a history of using abusive language. This response came after Congress President Mallikarjun Kharge accused BJP members of making violent statements against Gandhi. In a detailed letter, Nadda highlighted Gandhi’s ...
 "Fed’s rate cut may have muted effects in India, as markets adjusted preemptively, with mixed global economic signals ahead.")
V Anantha Nageswaran, Chief Economic Advisor, recently discussed the effects of the US Federal Reserve’s rate cut on the Indian economy. He noted that the cut, which lowered the federal funds rate range by 50 basis points, might have a limited impact on India as much of it was anticipated. Economic Affairs Secretary Ajay Seth ...
In Rajasthan, Congress MLA Shanti Dhariwal stirred controversy again by reiterating his previous comment that labeled the state as a “land of men.” During a recent event, he explained that this phrase reflects Rajasthan’s history of warriors, many of whom were men. However, he clarified that women are equally significant in the state’s history and ...
