LinkedIn, owned by Microsoft, is reducing its workforce, cutting 281 positions in California, primarily affecting software engineers. This follows Microsoft’s broader layoffs and previous cuts at LinkedIn earlier in the year. Other tech giants like Google, Meta, and Apple have…
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The Insolvency and Bankruptcy Board of India has amended corporate insolvency regulations. Resolution professionals can now invite interest for individual assets. Financial creditors receive pro rata payments before those who voted in favour. The Committee of Creditors can invite interim…
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Reacting to the development, FIEO president S.C. Ralhan stated that the proposed increase in US steel and aluminium import tariffs will have a significant bearing on India’s steel exports, especially in semi-finished and finished categories like stainless steel pipes, structural…
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US Federal Reserve Governor Christopher Waller said on Monday that he sees room for interest rate cuts later this year amid expectations that sweeping US tariffs are likely to temporarily push up inflation and raise unemployment.
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Tesla is unlikely to manufacture in India soon, according to Heavy Industries Minister Kumara Swamy, despite securing showroom space and job listings. India plans to invite applications under a new EV policy offering lower import duties (15% vs 70%) to…
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The Food and Drug Administration (FDA) has suspended the food business license of a Zepto warehouse in Dharavi due to significant food safety violations. An inspection revealed fungal growth, improper storage near stagnant water, expired products, and inadequate cold storage.…
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