SBI plans to hire 3,500 officers in next 5 months to strengthen operations, service delivery| Business News

The country’s biggest lender, State Bank of India (SBI), plans to hire around 3,500 officers to bolster its operations and enhance service delivery nationwide. Earlier this year, SBI Chairman C S Setty announced that the bank’s total recruitment across categories would be about 18,000. (HT Photo/Representational Image) The bank has recruited 505 Probationary Officers (POs) […]

Meta Platforms plans layoffs to cut 600 AI jobs in Superintelligence Labs unit| Business News

Meta has announced layoffs to cut 600 jobs in its unit Superintelligence Labs, as the Facebook owner looks to make its AI unit more flexible and responsive. Meta CEO Mark Zuckerberg. (AFP) The job cuts will affect Facebook Artificial Intelligence Research (FAIR) unit, as well as teams focused on product-related AI and AI infrastructure, the […]

Amazon plans to replace more than half-a-million US jobs with robots| Business News

Amazon.com Inc. plans to replace more than half-a-million jobs in the United States with robots, the New York Times reported citing internal strategy documents and interviews with executives, as America’s second largest employer “is on the cusp of the its next big workplace shift”. In all, Amazon is planning to replace and/or avoid 600,000 US […]

Tokyo homebuyers divided on purchase plans as living costs soar

(Bloomberg) — Japan’s bout of inflation is cutting both ways in the Tokyo housing market. Potential homebuyers in Tokyo are divided on their property purchasing plans as surging living costs add to affordability concerns, according to a Bloomberg Intelligence survey. Some are delaying purchases while others are wary of missing out on opportunities posed by […]

Nestle plans layoffs that will affect 16,000 jobs globally over next two years| Business News

Nestle SA plans to effect layoffs that will affect 16,000 jobs globally over the next two years, according to its new chief executive officer Philipp Navratil Nestle CEO Philipp Navratil said Nestle was increasing its savings target to 3 billion Swiss francs by the end of 2027. That needs layoffs. (AFP) “The world is changing, […]

Ola Electric enters India’s battery-storage ecosystem even as cell plans stall| Business News

Ola Electric Mobility Ltd. has launched its first non-automotive product, at a time when its cell manufacturing plans have stalled and electric two-wheeler sales have nosedived. Ola Electric believes it can scale Ola Shakti BESS with “zero incremental capex and R&D spends”. (@bhash/x) Ola Shakti is a residential battery energy storage system powered by Ola’s […]

Goa’s Mormugao Port plans MoUs for ₹3,000 crore invesment at Maritime Week| Business News

PANAJI: The Goa-based Mormugao Port Authority (MPA) on Wednesday said it expects to sign about 24 agreements for investments worth ₹3,000 crore at the upcoming India Maritime Week in Mumbai. India Maritime Week expects participation from over 100 countries, over 1,00,000 delegates, over 200 speakers, (X/PIB_Panaji) MPA chairman N Vinodkumar said the port, one of the […]

Goa’s Mormugao Port plans MoUs for ₹3,000 crore investment at Maritime Week| Business News

PANAJI: The Goa-based Mormugao Port Authority (MPA) on Wednesday said it expects to sign about 24 agreements for investments worth ₹3,000 crore at the upcoming India Maritime Week in Mumbai. India Maritime Week expects participation from over 100 countries, over 1,00,000 delegates, over 200 speakers, (X/PIB_Panaji) MPA chairman N Vinodkumar said the port, one of the […]