New Delhi, June 13 (IANS) Meta CEO Mark Zuckerberg has told employees that the company made “mistakes” in reshaping its workforce around artificial intelligence, adding that further company‑wide layoffs are not expected this year.Zuckerberg pledged to provide greater stability as possible” in terms of organisation changes going forward, multiple reports said.”I don’t want to over promise because the world is changing in ways that are out of our control,” he said, adding that rapid advances…
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New Delhi, June 10 (IANS) Commerce and Industry Minister Piyush Goyal on Wednesday held a review meeting with the officials from ONDC and Nirmit Bharat here.The discussions focused on leveraging open digital networks to transform retail and distribution ecosystems, bring small producers and artisans onto digital platforms, strengthen logistics and mobility services through innovative digital solutions.“Emphasised how these efforts have the potential to deepen market access, improve service del…
New Delhi, June 6 (IANS) Over 1 lakh jobs have been cut in the technology sector in the first five months 2026, with May alone accounting for nearly 28,900 roles, a new report has said.The report from Layoff.fyi said a total of 1,16,739 tech employees have been laid off year‑to‑date, adding that only 10,577 job cuts were announced in May 2025, less than half compared to 28,889 last month.However, March was the worst month this year so far in terms of job cuts, with over 46,000 mass layoffs.M…
Kathmandu, June 5 (IANS) Uber, the US-based global ride-hailing giant, officially launched its services in Nepal on Friday, marking its entry into the country’s increasingly crowded mobility market. The company had begun trial operations in the Kathmandu Valley last month and on Friday formally announced the commencement of its services in Nepal by organising a launch event in Kathmandu.The Himalayan country becomes Uber’s 11th market in the Asia-Pacific region and its first expansion into a…
New Delhi, June 4 (IANS) Ola Consumer (formerly known as Ola Cabs) has suffered a sharp valuation cut after funds managed by US investment giant Vanguard Group reduced the fair value of its parent company — ANI Technologies — to just $70 million, as per multiple reports.Reports said that the markdown — based on the firm’s latest filing with the US Securities and Exchange Commission (SEC) — indicated a decline of nearly 99 per cent from the company’s peak valuation of $7.3 billion.The lates…
New Delhi, June 2 (IANS) Ride-hailing platform Uber on Tuesday announced a strategic investment in the Open Network for Digital Commerce (ONDC), which is one of the earliest investments by a global technology company in India’s open digital commerce network.The company said the investment deepens its commitment to India’s Digital Public Infrastructure (DPI) ecosystem and reflects its long-term strategy of building mobility and logistics services through open and interoperable networks.The in…
New Delhi, May 25 (IANS) US-based technology firm Microsoft has begun scaling back access to Anthropic’s Claude Code among its employees and is redirecting engineers towards GitHub Copilot CLI as surging AI usage drives up enterprise computing costs, according to multiple reports.Reports said the technology company had earlier expanded access to Claude Code across thousands of employees, including developers, project managers and designers, to encourage experimentation with AI-assisted coding …
New Delhi, May 24 (IANS) Pakistan is grappling with a mounting foreign exchange crisis driven by pressure to repay roughly $4.8 billion of external debt, weak investor confidence, and falling foreign direct investment (FDI), according to an international media report. The report in the Times of Oman stated that foreign direct investment in Pakistan plummeted by 33 per cent in FY26 to $1.195 billion from $1.92 billion in 2023–24 and $1.83 billion in 2024–25. As a share of GDP, FDI remained be…
New Delhi, May 23 (IANS) Pakistan is grappling with a mounting foreign exchange crisis driven by pressure to repay roughly $4.8 billion of external debt, weak investor confidence and falling foreign direct investment (FDI), a report has said.The report from Times of Oman said that foreign direct investment plunged 33 per cent in FY26 to $1.195 billion, continuing a declining trend of $1.92 billion in 2023–24 and $1.83 billion in 2024–25. As a share of GDP, FDI remained below 0.45 per cent.De…
New Delhi, May 22 (IANS) Delhi Lieutenant Governor (L-G) T.S. Sandhu on Friday discussed issues related to the city’s infrastructure and urban mobility with Union Minister Manohar Lal, an official said. In a message on social media platform X, L-G Sandhu said, “Called on Union Minister for Housing & Urban Affairs and Power, @mlkhattarJi. Discussed a range of developmental issues concerning Delhi, focusing on infrastructure enhancement, urban mobility, and collaborative efforts to ensure the …