ET Intelligence Group: Shares of seafood companies fell 3-7% on Friday after a sharp four-day rally that followed euphoria over the India-US trade deal announcement on February 2. Despite a better medium term outlook due to the deal, which is expected to boost marine exports from India, investors are observing caution given the near-term challenges […]
Amazon.com Inc. has announced layoffs affecting as many as 16,000 corporate jobs, amid “rising competition over AI”. Amazon CEO Andy Jassy. (Reuters) The company will offer US-based employees 90 days to search for a new role internally, as well as severance and other transition support, Beth Galetti, the senior vice president of people experience and […]
Reliance Industries Ltd.’s shares tumbled after analysts warned of rising competition in the retail sector, where the Mukesh Ambani-controlled conglomerate is a major player. Shares of the oil-to-telecom major slid as much as 5.2% on Tuesday, heading for its worst day since June 2024. The selloff also weighed on the nation’s stock gauges, where Reliance […]
The central government recently enacted the Flight Duty Time Limitation (FDTL) norms in the airline industry. The rules seek to address the issue of pilot fatigue through increased rest time and reduced landing in the night hours. At the peak of the disruptions on 5 December, IndiGo cancelled 1,588 flights, or about 79% of its […]