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Dallas Fed Report Links Unauthorized Immigration to Housing Price Increases
A Dallas Fed report indicates unauthorized immigration between 2021-2024 led to a 2.2% rise in home prices and 1.4% rent increase in US metro areas. The study, cited by Trump, suggests this surge contributed significantly to housing demand shocks.
Microsoft Lays Off 4,800 Employees in Restructuring
Microsoft is cutting 4,800 jobs, or 2.1% of its global workforce, as it restructures its sales and Xbox divisions. Chief People Officer Amy Coleman stated the changes are necessary for the company to adapt to a rapidly evolving industry and are part of ongoing adjustments.
Tata Power Targets Rs 1 Lakh Crore Revenue, Rs 10,000 Crore Profit by 2030
Tata Power aims for Rs 1 lakh crore revenue and Rs 10,000 crore profit by 2030, driven by expansion in generation, transmission, distribution, renewables, and manufacturing. The company plans a new 10 GW solar project in Odisha and is open to entering the nuclear power segment with small modular reactors.
Centre to Sell 2.52% Stake in Cochin Shipyard Ltd via Offer for Sale
The Centre is divesting 2.52% of its stake in Cochin Shipyard Limited (CSL) through an Offer for Sale (OFS) with a floor price of Rs 1,400 per share. The sale, with an option to sell an additional 2.52%, aims to support India's maritime ecosystem development.
India Considers 'India-Plus Contribution Scorecard' for Foreign Investment
A new report proposes an 'India-Plus Contribution Scorecard' to evaluate foreign investors based on economic contributions like exports and technology. Companies scoring over 70 would get 90-day single-window clearance, while national security screening remains mandatory.
Info Edge Shares Surge on Strong Q1 Billings and Strategic Acquisitions
Info Edge's stock price rose significantly due to a 14.4% year-on-year increase in Q1FY27 billings, driven by its recruitment and real estate sectors. The acquisition of Coding Ninjas and increased investment fund commitment further boosted investor confidence.
