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Amazon has reportedly laid off over 500 employees in India as part of its global restructuring plan impacting more than 16,000 workers worldwide. The layoffs primarily affected tech and HR teams, especially software development roles. The move reflects broader industry shifts driven by cost optimization and AI-led automation.
Maharashtra is observing state mourning following the tragic death of Deputy Chief Minister Ajit Pawar in a plane crash near Baramati. The veteran NCP leader died along with others when the aircraft crashed during an emergency landing attempt. Leaders across India, including top state and national figures, are expected to attend the funeral with full state honours. Public holidays, institutional c
The US Federal Reserve kept interest rates unchanged, choosing caution as it evaluates easing inflation and a still-tight labour market. Despite repeated calls from President Donald Trump for sharp rate cuts, the Fed maintained its benchmark rate within the expected range, reinforcing its policy independence. Chair Jerome Powell’s stance reflects concerns over persistent inflation, political press
The S&P 500 surged past the historic 7,000 mark, powered by strong optimism around artificial intelligence, Big Tech earnings, and expectations of easier US monetary policy. Rapid index gains highlight rising investor confidence despite past tariff-driven volatility. With technology stocks dominating the rally and interest rate cuts in focus, global capital flows are shifting—raising questions abo
Amazon has announced the layoff of 16,000 employees in its second major workforce reduction in three months, as the tech giant restructures to stay competitive in the AI race. The company aims to remove bureaucracy, speed up decision-making, and operate more efficiently. While job cuts impact nearly nine percent of corporate staff, Amazon said hiring will continue in strategic roles critical to it
Ajit Pawar, Maharashtra’s Deputy Chief Minister and a key NCP figure known as “dada,” died in a plane crash near Baramati on January 28, 2026. Groomed under uncle Sharad Pawar, he rose through strategic alliances, administrative expertise in finance and infrastructure, and bold moves.
The fatal plane crash that killed Maharashtra Deputy Chief Minister Ajit Pawar has drawn attention to VSR Aviation, the operator of the Learjet 45 involved in the incident. This marks the second major hull-loss accident for the company in under three years. Following the tragedy, VSR Aviation’s official website became inaccessible as aviation authorities began investigations into safety compliance
Swiggy launched integration with AI tools like ChatGPT, Claude, and Google Gemini, allowing users to order food, groceries from Instamart, and book restaurants on Dineout directly through chat prompts.
The Finance Ministry advances to the final stage of the Union Budget 2026-27, implementing a lock-in period for officials to protect budget secrecy. The traditional Alva festival accompanies the process, reflecting cultural practices surrounding budgeting in India. Printing and security measures are coordinated across departments to ensure confidentiality.
The article outlines Budget 2024 reforms in India, including changes to income tax slabs, increased reliefs for employees, and revised rates for long and short term capital gains, alongside crypto asset taxation and asset holding periods.
