Economic Times5/10/2026BusinessIndia
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Microsoft Announces 4,800 Job Cuts, Restructuring Xbox Division
Microsoft is cutting approximately 4,800 jobs, about 2% of its global workforce, as part of a cost-cutting and restructuring effort. The struggling Xbox gaming division will see the deepest overhaul in its history, with 3,200 gaming jobs shed, four studios spun off or sold, and a fifth under review.
Economic Times
Developing·2h ago
India Diversifies LPG Imports, US Emerges as Key Supplier Amid Middle East Conflict
India is increasing LPG imports from the US to diversify its supply sources and reduce dependence on the Middle East, especially after the Strait of Hormuz closure disrupted Gulf shipments. US supplies have grown substantially, reaching up to 65% of India's imports in June, helping mitigate supply challenges during the West Asia conflict.
Times of India
Developing·4h ago
Trent Reports 19% Revenue Surge in Q1 FY27 Driven by Store Expansion
Tata Group retailer Trent's revenue jumped 19% to Rs 5,666 crore in Q1 FY27, fueled by aggressive expansion of its Westside and Zudio stores. The company added 20 new outlets, now operating over 1,300 stores.
Economic Times
Developing·3h ago
SpaceX President Gwynne Shotwell Announces Stock Donation to Trump Accounts for Children
SpaceX President Gwynne Shotwell and her husband will donate $325 million in company stock to Trump Accounts for over 2 million American children, prioritizing lower-income areas near central Texas. This follows former President Trump's expectation for Elon Musk to donate, and comes as over 6 million Trump Accounts have launched, with other major companies also pledging contributions.
TOI World
Developing·4h ago
FSSAI Issues Notices to Three Brands for Misleading Claims and Incorrect Labelling
India's FSSAI has issued notices to three food brands for misleading claims and incorrect labelling. Heritage Fresh Paneer, La Casa Vegan Hazelnut Chocolate Spread, and Cipzer Nutraceuticals Juice Capsules face scrutiny for terms like 'Fresh', 'All Natural', '100% organic', 'Vegan', and 'FSSAI Approved'.
Times of India
Developing·4h ago
Microsoft Begins New Fiscal Year with Significant Layoffs, Xbox Hit Hardest
Microsoft has laid off approximately 4,800 employees, about 2.1% of its global workforce, as its new fiscal year begins. The cuts primarily affect the commercial sales and Xbox gaming divisions, with Xbox planning further reductions and studio spin-offs.
Times of India