Oracle has started its largest-ever layoffs, impacting thousands globally. Employees must sign termination documents via DocuSign to receive severance, which appears less generous than competitors. These cuts, potentially reaching 30,000, aim to fund a massive AI data center expansion, a move that has placed the company under significant financial strain.
Ahead of Tamil Nadu polls, CM MK Stalin unveiled a raft of welfare promises and development plans in Tiruchirappalli. Key pledges include enhanced breakfast scheme, increased sugarcane and paddy prices, and financial aid for farmers and students. Stalin also promised Rs 2,000 monthly assistance for women and highlighted his government’s focus on law and order.
Tamil Nadu CM MK Stalin urged voters to defeat the AIADMK-BJP alliance, accusing them of betraying minorities and Sri Lankan Tamils by supporting the CAA. He questioned AIADMK’s leadership in the alliance and warned of dire consequences if the NDA comes to power, emphasizing the need to preserve Tamil Nadu’s identity.
Israel claims it struck an Iranian pharmaceutical facility, alleging it supplied fentanyl for a chemical weapons program. Iran confirmed the strike on the Tofigh Daru factory, asserting it produces only hospital drugs. Both nations reported the incident occurred on Tuesday.
India’s Rs 1,350 crore sports celebrity endorsement market is undergoing a dramatic transformation as elite athletes like Shreyas Iyer, Neeraj Chopra, Hardik Pandya, and Ishan Kishan break away from traditional agencies to assert control over their own brands and careers. By seeing themselves as businesses, these athletes are forming in-house offices and management firms, resulting
The UAE is reportedly considering military intervention against Iran, a significant shift from its previous neutral stance. Repeated Iranian attacks and the disruption of the vital Strait of Hormuz have pushed Abu Dhabi to explore options, including supporting US-led efforts to reopen the oil route. This move carries substantial risks of further retaliation.
European Union energy chief Dan Jorgensen stated that energy prices will remain high for the foreseeable future. He noted that even if peace is achieved tomorrow, a return to normal levels is not expected soon. The EU is preparing measures to assist families and businesses. Efforts are underway to diversify energy sources and reduce reliance
Even prior to the conflict, the rupee was facing downward pressure due to widening external imbalances and persistent capital outflows. The surge in oil prices has intensified these challenges for the world’s third-largest crude importer.
The government has limited the rise in jet fuel prices for domestic airlines to 25 percent. This decision aims to ease the financial burden on airlines and air travelers. International routes will face the full price increase. Meanwhile, non-scheduled operators are experiencing a more than double surge in jet fuel costs.
