Alphabet, the parent company of Google, is likely to join the list of Big Tech companies going for large-scale layoffs. With this, almost the entire universe of FAANG - acronym for Facebook, Amazon, Apple, Netflix and Google - has now come under the layoff turbulence hitting tens of thousands of tech jobs around the world. Reports surfaced on Tuesday about the Mountain View (California)-headquartered tech giant planning to fire around 10,000 employees.
International oil prices surged close to $100 a barrel on Tuesday after Russian President Vladimir Putin sent troops into Ukraine, but petrol and diesel prices in India continue to be on freeze and are expected to rise once assembly elections in states like Uttar Pradesh end. Amid fears of supplies being disrupted because of Russian aggression, the price of futures contract for Brent crude oil with April delivery on London's ICE rose by 4.18 per cent to $99.38 per barrel on Tuesday morning, before paring some gains to settle just above $98. The last time Brent exceeded $99 per barrel was in September 2014. Russia makes up for a third of Europe's natural gas and about 10 per cent of global oil production.
Just as political observers braced for another tiresome tantrum, on Tuesday, November 2, Harish Rawat -- the Congress secretary in charge of Punjab and a native of Uttarakhand -- whisked Channi and Sidhu to his home state and a visit to the Kedarnath shrine where spirituality and no doubt the freezing weather seems to have brought about yet another ceasefire in the Punjab Congress for now.
External Affairs Minister S Jaishankar will move the Weapons of Mass Destruction Bill in Rajya Sabha, as per the house's list of business.
Congress leader Rahul Gandhi, who set off a national debate when he walked the Bharat Jodo Yatra in a T-shirt in north India's cold winter, donned a pheran to ward off Kashmir's bone-freezing chill on Monday.
Byju's is planning to raise $500-600 million from Abu Dhabi's sovereign wealth funds and existing investors, according to sources, as the start-up world is facing a funding freeze. The educational technology (edtech) giant targets profitability by March next year. "There is no change in Byju's valuation. The new fundraising process is still going on," said a person familiar with the matter. "Any new valuation would be determined in the futureByju's is planning to raise $500-600 million from Abu Dhabi's sovereign wealth funds and existing investors, according to sources, as the start-up world is facing a funding freeze. The educational technology (edtech) giant targets profitability by March next year. "There is no change in Byju's valuation. The new fundraising process is still going on," said a person familiar with the matter. "Any new valuation would be determined in the future as it is very tough for investors to do that in this environment." as it is very tough for investors to do that in this environment."
'We had 110 Adivasis who were languishing in jail for nearly five years because it was claimed they were responsible for some blasts.' 'When the time to give the proof came, they had no proof to show.' 'Then the people are let free, totally exonerated, but their lives are totally shattered.' 'Not only their lives, but the lives of their families.'
AC Milan entered the Champions League quarterfinals for the first time in eleven years, with a draw in the round of 16 second leg against Tottenham Hotspurs.
India's fuel sales surged past pre-pandemic levels in March on twin impact of the economy rebounding from the lifting of pandemic-related restrictions and anticipation of price increases leading to stocking. In the first two weeks of March, dealers, as well as the public, topped up their tanks in anticipation of an increase in prices that had been on hold in the run-up to the elections in states like Uttar Pradesh. While daily price revisions restarted on March 22, the increases were calibrated.
Minimum temperatures have plummeted below the freezing point across the Kashmir Valley, but pilgrims from all over India can be seen taking a dip at Shadipora located at the confluence of the Jhelum river and Sindh stream in the Ganderbal district of central Kashmir these days.
The Delhi Police Cyber Cell has arrested 12 people, including three HDFC Bank employees, for allegedly trying to withdraw money from the account of an NRI, officials said on Tuesday.
A government order issued last evening blocked the assets of Gaddafi and 28 other members of his clan, including his wife Safia al-Barrasi, his sons and his only daughter Aisha as well as several relatives and leaders.
China on Thursday sought to defend its move to block a proposal by the United States and India at the United Nations to blacklist Pakistan-based Jaish-e-Mohammed (JeM) deputy chief Abdul Rauf Azhar, saying it needs more time to assess the application.
The United States and Cuba have announced that they have formally re-established diplomatic relations after 54-year freeze and would reopen embassies in their respective capitals from July 20, a major step towards normalisation of ties between the Cold War foes.
Rediff.com gives you a peek into these action-packed moments from the weekend, frozen in time...
Jet fuel prices on Wednesday were hiked by over 18 per cent -- the steepest ever increase -- to all-time high levels after international oil price surged to a multi-year high.
It would be Zelenskyy's first foreign trip since the Russian invasion in February, a surprise visit that could change security concerns.
However, organisations such as the Missionaries of Charity will not be eligible for the extension benefits as their applications for a renewal of the FCRA registration have already been rejected, according to a notice issued by the ministry of home affairs.
Conventional wisdom is that when the US sneezes, emerging markets like India catch a cold. And yet the Indian stock market went up last year, points out Debashish Basu.
'Eknath Shinde and 40 other traitors have become slaves of Delhi (Centre) to finish off the Shiv Sena'
Devas Multimedia has seized $87,457.47 cash that ISRO's commercial arm Antrix Corporation held in the US as it looked to enforce a $1.2 billion compensation it had won over a cancelled satellite deal, its lawyer said on Wednesday. Devas Multimedia America Inc had sought seizure of $145,000 but the actual recovery was $87,457.47 (a little less than Rs 70 lakh). This came after it secured a favourable order from the Eastern District Court of Virginia, Matthew D McGrill said.
In 1937, a hydrogen-powered German airship flying into New Jersey caught fire and crashed, killing 35 passengers on board. It was sort of a man-made disaster as some 100 people were loaded on to a balloon filled with the most flammable material in the universe. The airship was named Hindenburg. Eight decades later, in 2017, a graduate of international business management from the University of Connecticut founded a "forensic financial research" firm to specialise in spotting wrongdoings and frauds, or what it calls man-made disasters, at companies around the globe and take market bets against them.
'The pride of the devoted Seinfeld fan is that he happens to love a show that doesn't take his love for granted, so that even on repeat viewings he is never really sure what directions an episode might take,' observes Sreehari Nair.
The difference between what the banks play in the US and India is not that of soccer and football but rugby and football. SVB also has a unique character. But when risks are mispriced, the fallout could be very similar, points out Tamal Bandyopadhyay.
Large parts of north India reeled under numbing cold on Tuesday with the mercury remaining below freezing point at most places in Jammu and Kashmir, while dense fog in the early hours of the morning hit road and rail traffic movement.
Here's looking at Sara and Ibrahim's dream vacay in Gulmarg.
10 most exciting trends spotted at New York Fashion Week.
The Uddhav Thackeray-led Shiv Sena faction has submitted to the Election Commission its three options of a trident, rising sun or mashaal (burning torch) for its poll symbol, sources said on Sunday.
The arrival of autumn in Srinagar marks its presence by changing the chinar leaves to orange-red.
Makki and other LeT/JUD operatives "have been involved in raising funds, recruiting and radicalising youth to violence and planning attacks in India, particularly in Jammu and Kashmir (J&K)," the sanctions committee said, providing a statement for the reasons of Makki's listing.
The case of the two Shiv Sena factions for legitimacy and the party symbol, 'Bow and Arrow', is now before the Election Commission. Whichever way the EC findings go, the other can be expected to move the Supreme Court. They would need a final verdict before the parliamentary polls, points out N Sathiya Moorthy.
This versatile Thai red curry takes any kind of vegetable or protein in it and is served with steamed rice and garnish.
The failure of SVB was due to idiosyncratic reasons, but shows how higher rates can expose fault lines in unforeseen places, observes Neelkanth Mishra.
The talks took place in a beach resort in Benaulim on the sidelines of a meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organisation.
Job openings for permanent staffers at fresher level will be adversely affected due to the overall hiring freeze amid the second wave of COVID-19, while temporary or gig workers seem to be better placed, says a survey. According to a survey by staffing and HR services company Genius Consultants, over 57 per cent respondents believe that new job positions for permanent employees will suffer a major impact of the overall hiring freeze. However, just 43 per cent of respondents believe the same for temporary or gig workers, it noted.
Following is the process for the takeover of Chelsea Football Club after the English Premier League side said a consortium, led by Los Angeles Dodgers part-owner Todd Boehly and backed by Clearlake Capital, had won the bid to acquire the club.
Insiders say President Kovind has been told he will not be re-nominated, reveals R Rajagopalan.
Capgemini has gone back on its previous expectations of modest growth in the first half of 2009, following a significant deterioration in the wider economic environment since the third quarter, said John O'Brien, senior analyst at advisory and consulting firm Ovum. Capgemini now expects to see a modest decline in the first-half sales, while maintaining an operating margin of 6.5 per cent.
So far the government has been silent on the charges being levelled, even after the stock price rout. Perhaps it is hoping for the share price to settle so that the matter goes away, predicts Aakar Patel.
The best possible way to deal with job uncertainty is accepting the fact that it could happen to anyone and if it does, then it is important to work on a multi-pronged strategy on how to get through it in the best possible manner, advises Sumit Sabharwal.
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