A man with multiple aliases used the name of the famed Astor family to dupe a Mexican billionaire out of around $450 million in a bogus stock-backed loan scheme, according…
Category: Companies
A ₹15,000-crore wipeout: how Xiaomi lost India’s smartphone race to Vivo, Samsung and Apple
NEW DELHI: Xiaomi once sold one in every four smartphones in India. By 2025, it had fallen out of the country’s top five brands. The reversal marks one of the…
Why Google DeepMind workers in UK are trying to unionise over company’s Pentagon AI deals
Workers at Google DeepMind’s UK office have launched a landmark bid to unionise, citing deep concerns over the company’s expanding military contracts and what they describe as a retreat from…
Freshworks to cut 11% jobs as AI reshapes software sector
May 5 (Reuters) – Freshworks said on Tuesday it would cut 11% of its workforce, or about 500 jobs, as the business-software company grapples with an industry being reshaped by…
Fresh AI Disruption Selloff Hits Thomson Reuters Despite Strong Results
(Bloomberg) — Thomson Reuters Corp. shares fell despite positive first-quarter results after Anthropic PBC unveiled new artificial intelligence agents designed to handle a broader mix of financial services tasks. Shares…
Tata Power’s Bhutan hydro project gets $515 mn World Bank nod
The Bhutan government and the World Bank on Tuesday signed financing agreements worth $515 million for the 1,125 megawatt Dorjilung Hydroelectric Power Project being developed by a joint venture between…
NSE Q4 profit surges 19% to ₹2,871 crore amid strong trading activity
The (NSE) reported a 19 per cent quarter-on-quarter rise in consolidated net profit for the March quarter of FY26 at ₹2,871 crore, supported by robust trading activity in the equity…
Autonomous business and AI layoffs may create budget room, but not deliver returns: Gartner
Among organizations piloting or deploying autonomous business capabilities, approximately 80 per cent report workforce reductions, according to a survey by Gartner. However, those reductions do not appear to translate into…
Hero MotoCorp records highest-ever PAT, revenue for both Q4, FY26
Country’s largest two-wheelers manufacturer, Hero MotoCorp on Tuesday said it has posted highest-ever revenue and profits for both the fourth quarter (Q4) ended March 31, and for the full financial…
Reliance Industries Plans Refinery unit Shutdown for maintenance
Reliance Industries will be shutting down one of its refinery units in Gujarat with a capacity to refine 3.3 lakh barrels of crude a day, as part of its annual…