New Delhi, April 18 (IANS) US tech giant Meta (formerly Facebook) is reportedly planning to lay off at least 10 per cent of its global workforce, or nearly 8,000 workers, next month.Further layoffs are planned in the second half of the year, according to a Reuters report. However, the details of those layoffs have not been known yet. The initial round in May is likely to reduce about 10 per cent of its global workforce.According to the report, the layoff plans may depend on the developments in t…
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New Delhi, April 10 (IANS) India’s digital payment system Unified Payments Interface (UPI) is set to mark its 10th anniversary on April 11, after growing 12,000-fold in volume and over 4,000 times in terms of value.The payment system scaled from 17.86 million transactions worth Rs 6,952 crore in FY17 to 218.98 billion transactions amounting to nearly Rs 285 lakh crore in FY26, data from analytics firm Tracxn showed.Transactions rose gradually in the initial years — to 915 million in FY18 and…
New Delhi, April 2 (IANS) The Reserve Bank of India is unlikely to hike interest rates at its upcoming Monetary Policy Committee meeting next week unless crude oil prices sustain above $100 per barrel, a report said on Thursday.With “base case of oil averaging $80 per barrel in 2026, we expect no rate hikes”, an HSBC Global Investment Research report said, adding that an interest rate defence for the rupee could prove costly if the growth drag from higher oil prices becomes non-linear and intens…
Washington, March 19 (IANS) Federal Reserve Chair Jerome Powell said the US central bank was keeping interest rates unchanged as it monitored the fallout from higher oil prices and broader uncertainty linked to the conflict in the Middle East. Powell on Wednesday (local time) said the Federal Open Market Committee decided to keep its policy rate unchanged because the current stance remained appropriate. He said the US economy was expanding at “a solid pace”, even as inflation stayed above ta…
Washington, Feb 22 (IANS) The CIA has formally withdrawn or ordered revisions to 19 intelligence products after an internal and independent review found they did not meet the agency’s analytic standards and “failed to be independent of political consideration”, the agency has said.CIA Director John Ratcliffe, in an official release, said the products, produced over the past decade, “fall short of the high standards of impartiality that CIA must uphold and do not reflect the expertise for…
New Delhi, Jan 16 (IANS) The ongoing Nipah outbreak in West Bengal, with cases rising to five in just a week, acts as a warning against intruding into animal habitats, said health experts on Friday.The first two patients — a male nurse from Purba Medinipur district and a female nurse from Mongolkot in Purba Bardhaman district who worked at a private hospital in Barasat in North 24 Parganas district — continue to remain in the ICU. All three new cases — a doctor, a nurse, and a health staff me…
Washington, Dec 22, (IANS) India’s economic acceleration and digital transformation are reshaping the country at a pace that many outside observers may underestimate, Atul Keshap, President of the US-India Business Council (USIBC), said after a recent visit. Keshap said meetings with cabinet ministers, parliamentarians, experts and business leaders left him with “a clear sense of an India on the move.” He cited India’s 8.2 per cent growth rate and visible transformation across infrastruc…