
أخبار ذات صلة
Microsoft Prepares for New Round of Layoffs Amid Cost-Cutting and AI Investments
Microsoft is set to announce another round of layoffs, impacting sales, consulting, and Xbox divisions, as part of cost-cutting efforts and increased AI investments. While smaller than last year's cuts, thousands of positions could be eliminated, affecting less than 2.5% of its workforce.
EPF Scheme 2026 Replaces 1952 Version Under New Social Security Code
The Employees' Provident Funds Scheme, 2026, has replaced the 1952 version under India's Social Security Code, 2020. While contribution rates and UAN remain unchanged, the new framework emphasizes digital processes and introduces stricter governance for exempted trusts, with the government gaining power to temporarily reduce contributions during emergencies.
Paisabazaar Launches PB Pass for Complimentary Airport Lounge Access
Paisabazaar introduces PB Pass, a complimentary airport lounge access program for its credit card users, offering entry to over 1,800 global lounges. New applicants get access upon card activation and first bill payment through the app, while select existing users can win passes monthly.
Russia Begins Importing Gasoline from India Amid Ukrainian Attacks and Fuel Shortages
Russia has started importing gasoline by sea from India to alleviate fuel shortages caused by Ukrainian attacks on its energy infrastructure, leading to rationing and price hikes. India has already shipped at least 60,000 metric tonnes, with Russia planning monthly imports of 400,000 tonnes from multiple countries including Belarus.
India's Economic Outlook Improves with Falling Oil Prices, but New Risks Emerge
Falling crude oil prices have improved India's economic outlook, easing inflation, strengthening the balance of payments, and prompting economists to raise GDP growth forecasts. However, new risks including an uneven monsoon, food inflation, geopolitical tensions, and global commodity price uncertainty threaten the recovery.
CCI approves $1.78 billion acquisition of Royal Challengers Sports by Aditya Birla Group-led consortium
India's Competition Commission approved a $1.78 billion deal for an Aditya Birla Group-led consortium, including The Times of India, Bolt IPL Holdings, ICONIQ, and Blackstone, to acquire Royal Challengers Sports, owner of the RCB IPL and WPL franchises. Aryaman Vikram Birla will chair the franchise, with Satyan Gajwani as vice-chairman.
