AI-generated summary
Amazon periodically reviews its workforce structure to align with business objectives, often resulting in organizational adjustments and job cuts across global operations.
Amazon’s latest global layoffs of around 1,000 employees have impacted at least 100 jobs in India, primarily across its retail and customer service functions, people aware of the development told ET.The layoffs came to light a day after Amazon's biggest flagship sale event in the country, Great Indian Festival, opened on October 7.Responding to ET's queries, an Amazon spokesperson said, "We’re always looking at our team structures to ensure

India has reduced its dependence on China by increasing import duties in the toy industry, but the overall trade deficit has increased to $112 billion. Imports of raw materials and components from China are continuously increasing, leading to economic imbalance amid diplomatic reforms.
The GST Council plans to reduce the tax refund period to around 17 days, including a maximum 10 days for acknowledgement and seven days for processing, while also streamlining GST registration through automation and proposing trust-based cancellation and expanded input tax credit eligibility for various business-related services.
Tata Trusts trustees have dismissed objections from two senior trustees regarding a proposed restructuring of Tata Sons, stating that the Reserve Bank of India did not mandate a listing and that the plan does not threaten the trusts' charitable status, citing past resolutions supporting Tata Sons' unlisted position.
Smartphone and consumer electronics manufacturers in India are extending EMI tenures to up to 30 months to counter sharp price increases and revive festive demand, with brands like Samsung, Xiaomi, and Vivo offering no-cost EMI schemes on entry-level to flagship models, absorbing financing costs to boost affordability.
Shane and Emma Rozeveld, a Canadian couple, transformed their hobby gardening into Aslan Organics, a 50-acre Ontario farm generating over $200,000 in annual revenue. After starting in British Columbia in 2017 and relocating to Sarnia in 2021, they expanded through farmers' markets, online sales, farm shares, and wholesale, achieving consistent 30%+ yearly growth and surpassing the $200,000 threshold in 2025.
The Indian rupee traded near the 96-per-dollar level on Monday, pressured by high crude oil prices, sustained foreign fund selling, and high import bills, even as BSE Sensex and NSE Nifty opened higher.