Summary: Amazon plans to cut 14,000 managerial positions by early 2025, reducing its management workforce by 13% to save $2.1–$3.6 billion annually. The move aligns with CEO Andy Jassy’s strategy to simplify decision-making, reduce bureaucracy, and improve efficiency. By increasing the ratio of individual contributors to managers by 15%, Amazon aims to streamline operations and…
Summary: Infosys co-founder N.R. Narayana Murthy, speaking in Mumbai, criticized freebies as an ineffective solution to poverty. He emphasized job creation and entrepreneurship as sustainable ways to uplift the economy. Murthy urged policymakers and businesses to focus on employment generation rather than temporary relief through subsidies for long-term economic stability. Mumbai: Infosys co-founder N.R. Narayana…
Summary: Infosys co-founder Narayana Murthy criticised the overuse of the term AI in India at TiE Con Mumbai 2025, calling it a “fashion trend.” He noted that many ordinary programs are wrongly labeled as AI. Murthy urged companies to focus on genuine AI innovation rather than superficial branding for marketing purposes. Mumbai, March 2025 –…
Summary: Reliance Jio has partnered with SpaceX to offer Starlink’s satellite broadband services in India, subject to SpaceX receiving regulatory approvals. The collaboration aims to expand Jio’s internet offerings, particularly in rural and remote areas, where traditional broadband infrastructure is lacking. Jio plans to retail Starlink solutions through its extensive retail and online channels. This…
Summary: Lloyds Banking Group plans to shift a large part of its IT workforce from the UK to India, hiring up to 4,000 employees in Hyderabad by year-end. This move supports its digital transformation, focusing on roles like cloud computing and engineering. Meanwhile, 6,000 UK IT jobs are at risk due to restructuring, though 1,200…
Summary: JioStar, the newly formed joint venture between Reliance Industries’ Viacom18 and Disney’s Star India, is laying off over 1,100 employees as part of a restructuring exercise to streamline operations and eliminate overlapping roles. The job cuts, which started in February and will continue through June, primarily affect corporate functions like distribution, finance, legal, and…
Summary: Tesla has taken a major step towards its India debut by leasing a 4,003-square-foot showroom in Mumbai’s Bandra Kurla Complex (BKC). The company will pay an annual rent of Rs 3.87 crore, with a record-setting monthly rental of Rs 881 per square foot, surpassing Apple’s previous high. This lease agreement with Univco Properties LLP…
Summary: India’s economy is projected to grow at 6.5% in FY 2025-26, driven by resilient consumer demand, normal monsoon, lower commodity prices, and tax relief measures from the Union Budget 2025-26. Rural and urban spending is expected to rise, supported by benign food inflation and higher allocations to job-creating schemes. However, private corporate investment will…
Summary: At Mumbai Tech Week 2025, Commerce and Industry Minister Piyush Goyal expressed confidence that Mumbai can become India’s next big tech hub. He highlighted the government’s enabling policies, which are helping entrepreneurs and innovators tap into new digital opportunities. Goyal said Mumbai has all the right ingredients — strong infrastructure, access to capital, and…
Summary: Reliance Jio is set to revolutionize computing with its AI-powered Cloud PC, a device-agnostic solution that eliminates the need for expensive hardware, allowing users to run compute-intensive AI applications on any screen. Announced by chairman Akash Ambani at Mumbai Tech Week, this cloud-based service aims to make advanced AI accessible and scalable. Additionally, Jio…
