Washington, July 7 (IANS) Some of America’s biggest corporations and financial institutions lined up behind President Donald Trump’s newly launched Trump Accounts programme, pledging financial support and describing it as an initiative that could broaden wealth creation for future generations.The White House event brought together executives from Wall Street, Silicon Valley and major American corporations, signalling rare public backing from business leaders for a government-backed investment pr…
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Tumakuru (Karnataka), June 29 (IANS) Police investigating the sensational case in which a man allegedly kidnapped a woman before dying in a bomb blast triggered by him inside a taxi, have found that the accused had become obsessively possessive after suspecting that she was in a relationship with another man. Meanwhile, investigators are trying to determine how the man, Nagendra Gowda, managed to procure the country-made bomb used in the incident.According to the investigation, Nagendra Gowda an…
Tumakuru (Karnataka), June 27 (IANS) A jilted lover allegedly died after detonating a country-made bomb inside a car following the alleged abduction of a young woman on National Highway-48 near Kallambella in Karnataka’s Tumakuru district on Saturday. The woman and the cab driver narrowly escaped the explosion, while police recovered another live country-made bomb from the spot.The deceased has been identified as 30-year-old Nagendra, a native of Ankola in Karwar district. Tumakuru Superintenden…
New Delhi, June 26 (IANS) Uber India and South Asia President Prabhjeet Singh, who stepped down on Friday from his role at the ride-hailing company after 11 years, is joining Sam Altman-run OpenAI as its Managing Director for India.According to the leading AI company, Singh will strengthen its leadership team as it expands its presence in one of its top priority markets.Singh will join OpenAI in September and report to Kiran Mani, Managing Director for Asia Pacific, the US-based company said on …
New Delhi, June 26 (IANS) Uber India and South Asia President Prabhjeet Singh has stepped down from his role after an 11-year association with the ride-hailing company to pursue another leadership opportunity, the company said on Friday.Confirming the development, an Uber spokesperson told IANS that the company remains committed to expanding its presence in India, which continues to be one of its most important markets globally.“India is one of Uber’s most important markets globally, an impo…
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…
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…