Amazon Cuts 16,000 Jobs in Corporate Restructuring
Amazon lays off 16,000 corporate employees as part of operational streamlining. The company offers 90-day internal job search and severance packages to affected US staff.
Category : Business
I-T Raids on Vasant Gajera Premises Over Choksi Links
Income Tax department conducts searches on 30 premises linked to diamond businessman Vasant Gajera in Surat over alleged business connections with fugitive Mehul Choksi in PNB fraud case.
Amazon Grocery Struggles: Fresh and Go Stores Shut Down
Amazon is closing its Amazon Fresh and Go stores, raising questions about whether the tech giant has learned anything from its Whole Foods acquisition about physical retail and the food business.
Trade Union Leader Anantha Subbarao Dies in Karnataka
Anantha Subbarao, veteran trade union leader who championed Karnataka's transport workers for over 50 years, passes away. He led KSRTC union and became face of workers' struggles.
Intel Matches $1,000 Trump Accounts for US Employee Children
Intel announces matching contributions to Trump Administration's $1,000 child savings program for US employees' children, strengthening government-corporate partnership in workforce investment.
India's $100B Steel Plan Aims for 300 MT Capacity by 2030
India's steel industry requires $100 billion investment to expand capacity to 300 million tonnes by 2030, with consumption growing at 11-13% annually despite global slowdown.
Gold Smuggling Drops 80% at Amritsar Airport, Ganja Seizures Rise
Gold smuggling at Amritsar airport has declined by 80% due to reduced profit margins, while ganja seizures from Thailand have surged by 82% as traffickers chase higher returns.
Goa's Fourth Iron Ore Mine Auction: Six Blocks on April 16
The Directorate of Mines and Geology in Goa has announced the fourth auction of iron ore mines, with six blocks set for bidding on April 16, aiming to generate Rs 230 crore in upfront payments.
Deutsche Bank Expands Emerging Markets Credit Team
Deutsche Bank AG is strengthening its emerging-market credit operations with new hires in New York, focusing on Latin American corporate debt as part of a broader expansion strategy.
Odisha CM Vows Rourkela Steel Plant & Airport Expansion
Chief Minister Mohan Charan Majhi commits to expanding Rourkela Steel Plant to 9.5 MTPA and upgrading the airport runway to handle larger aircraft, citing positive progress under the new government.
ASML's Record AI Orders Fail to Impress Investors
ASML reported record €13.2B Q4 bookings driven by AI demand but shares fell as analysts questioned capacity expansion and revenue guidance sustainability.
Karnataka's Rs 150 Cr ELEVATE NxT for DeepTech Startups
Karnataka government introduces Rs 150 crore ELEVATE NxT initiative to support DeepTech startups with transparent grant-in-aid framework and multi-stage evaluation.
Baramati Sugar Mills Mourn Loss of Ajit Pawar
The Maharashtra sugar industry mourns the loss of Deputy Chief Minister Ajit Pawar, who was instrumental in transforming Baramati into an agricultural hub and ensuring timely payments to farmers.
Delhi Elevated Ring Road: First 5km Corridor Approved
Delhi government initiates Phase 1A of the 57.5km Elevated Ring Road project between Majnu Ka Tila and Salimgarh Fort to ease chronic congestion on arterial roads.
Canada Aims to Double India Trade to $60B by 2030
Canadian Energy Minister Tim Hodgson announces PM's goal to boost bilateral trade from $30B to $60B by decade's end, highlighting energy cooperation in oil, uranium, and critical minerals during India Energy Week visit.
Tim Cook Faces Backlash Over White House 'Melania' Screening
Apple CEO Tim Cook confronts intense criticism from employees, political figures, and online critics after attending a private White House screening of 'Melania' following a Border Patrol shooting incident.
India-EU FTA: Healthcare Manufacturing Gets Major Boost
The India-EU Free Trade Agreement opens Europe's $572.3 billion healthcare market to Indian manufacturers, positioning India as a global pharmaceutical and medical technology hub with significant supply chain benefits.
High-Level Panel to Probe Rs 300 Crore Bank Scam in Andhra
The Andhra Pradesh government has constituted a high-level committee to investigate financial irregularities at Prakasam District Central Cooperative Bank involving Rs 300 crore in questionable loans.
Patna's Danapur-Bihta Elevated Road to Finish by June 2027
NHAI announces the 25-km Danapur-Bihta elevated road in Patna will be completed by June 2027, delayed from the original September 2026 target. The project is 45% done and will connect key institutions.
Kalaburagi's 2-Lane Roads Hinder Growth, 4-Lane Demands Rise
Residents of Kalaburagi district express frustration over lack of 4-lane highways, hindering industrial and economic development. Demands include upgrading key routes like Jewargi-Ballari and Kalaburagi-Krishna to boost connectivity across Karnataka and n
India-EU FTA: Textile Exports to EU May Rise 5x, Says Trade Leader
S Rethinavelu of Agri and All Trade Chamber welcomes India-EU FTA as timely relief from US tariffs, predicting textile exports to EU could increase fivefold and boost Tamil Nadu's labor-intensive industries.
Odisha Enterprise 2026: Rs 52,000 Cr Investments, 20K+ Jobs
Enterprise Odisha 2026 event in Rourkela announced investment proposals worth over Rs 52,000 crore with potential to generate 20,000+ jobs, highlighting western Odisha's emergence as industrial hub.
Dibrugarh Postal Workers Stage Dharna for Fair Pay, End to Harassment
Hundreds of Gramin Dak Sevaks protested in Dibrugarh, demanding inclusion in 8th Pay Commission, end to harassment, and halt to rural post office closures affecting essential services.
Rupee Hits All-Time Low of 91.99 vs Dollar
The Indian rupee depreciated 31 paise to close at a historic low of 91.99 against the US dollar on Wednesday, pressured by month-end dollar demand and geopolitical concerns, despite early gains from trade optimism.
Surat Traders Eye Growth as Bangladesh Textile Industry Faces Crisis
Political unrest in Bangladesh threatens its textile industry shutdown, creating optimism among Surat traders who anticipate international buyers shifting orders to India's high-quality fabric hubs.
Odisha Farmers Export Strawberries to London, Earn 50% More
Farmers from Dhenkanal district in Odisha have successfully exported a 51-kg consignment of fresh strawberries to London, marking the state's first overseas shipment of this fruit and earning growers nearly 50% higher prices than local markets.
JPMorgan, BofA Match Trump Account $1,000 for Employees
JPMorgan Chase and Bank of America will match US government's $1,000 Trump Account contributions for eligible employees with children born between 2025-2028, joining other major corporations.
Belagavi's Railway Projects Stalled, Budget Hopes High
Belagavi residents pin hopes on Union Budget for new railway lines and faster execution of approved projects. Several key railway initiatives in North Karnataka remain delayed despite approvals.
Mizoram Launches Rs 100 Cr Venture Fund & Startup Framework
Mizoram Chief Minister Lalduhoma launched the Bana Kaih Venture Capital Fund and Startup Readiness Level framework to boost entrepreneurship with state support and SEBI compliance.
Nagaland Japan Connect 2026 Creates Jobs for Youth in Japan
Nagaland government organized Nagaland Japan Connect 2026 in Dimapur, attracting 450+ student registrations for job interviews with Japanese employers across multiple sectors.
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