These job cuts will impact less than 1% of the workers, the report cited a source as saying. As of June end, Microsoft had 228,000 employees.
The stock traded at a P/E multiple of 10.70, while the price-to-book value ratio stood at 1.26.
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India Budget 2025: With growth lagging and inflation unpredictable, the upcoming FY2026 Union Budget must support fiscal stability while adhering to a sub-4.5% fiscal deficit target. The government should frontload capex, particularly in roads and railways, and implement measures to support MSMEs and employment-linked incentives.
An unconventional email allegedly sent by the GATE administration has gone viral, baffling students across India. Addressed as "Dear IDLI CHUTNEY NO SAMBHAR," the email sparked debates about its authenticity and possible technical issues. Shared widely on social media, the email triggered mixed reactions and a flurry of memes. IIT Roorkee, organising GATE 2025, has yet to respond. The prestigious exam, set for February, is a key step for aspirants aiming for higher education or PSU jobs.
On the technical charts, the RSI of the stock stood at 52.87.
As of 30-Sep-2024, promoters held 0.0 per cent stake in the company, while FIIs held 17.5 per cent and domestic institutional investors had 17.51 per cent.
NASA's Chandra telescope discovered a "sideways" rotating black hole in NGC 5084, using a new image analysis technique (SAUNAS), revealing unusual plasma plumes and suggesting a past galaxy collision.
TV Today Network will discontinue its radio business, Ishq 104.8 FM, within the next six months due to current market conditions. Operating stations in Mumbai, Delhi, and Kolkata, the decision comes after the radio business reported losses in FY24. The closure awaits regulatory approvals.
The Relative Strength Index of the stock stood at 51.54 on Thursday.
Saatvik Green Energy secures a Rs 1,500 crore contract to supply 1 GW of advanced N-TOPCon solar PV modules to a leading energy producer in 2025. The modules will enhance energy generation and reliability for utility-scale solar projects, produced at Saatvik's facility in Ambala, Haryana.
So, on the pricing front, we remain very conservative. We do not expect prices to significantly improve. We believe the prices will improve, but 2% to 3% YoY largely in line with WPI.
Meta's decision to end its fact-checking program on Facebook, Instagram, and Threads, replacing it with a "community notes" system, has sparked concern within the fact-checking industry. The move, seen as aligning with political pressures, could undermine the pursuit of truth and accuracy on social media, especially as misinformation spreads more easily.
CBSE conducted the CTET December 2024 on December 14 and 15. The provisional answer key was released on December 5. Candidates can challenge the answer keys until January 5, 2025. A fee of ₹1,000 is charged per question. The refund will be given if the board accepts the challenge.
Rana Gupta of Manulife Investment Management believes India will be less affected by global events like the US trade war. He highlights India's low external debt and minimal goods exports to the US as factors. As foreign portfolio investors divest, he sees long-term potential in India's market, particularly in sectors like infrastructure, consumption, cement, and rural-focused industries.
A total of 107,590 shares changed hands on the counter till time (IST).
KredX is the fifth company to secure this licence from the central bank. The other four are: Receivables Exchange of India (RXIL), M1 Exchange, Invoice Mart and C2FO Factoring Solutions.
Elvis Presley died in 1977 at 42 years old. His autopsy report was sealed for 50 years and will be released in 2027. Various theories suggest his death was due to heart disease, an autoimmune disorder, and drug use. Presley's declining health involved drug use and an unhealthy lifestyle.
Bitcoin continued to decline over 2% to $94,357 as strong U.S. economic data indicated fewer rate cuts by the Fed in 2025. Rising U.S. Treasury yields and a stronger Dollar also pressured Bitcoin. The global crypto market cap fell by 1.73% to $3.31 trillion.
The Relative Strength Index of the stock stood at 35.17 on Thursday.
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The Taliban's foreign office views India as a significant regional and economic partner after high-level talks. India's Foreign Secretary met the acting Taliban Foreign Minister in Dubai to discuss expanding relations and boosting trade via Iran's Chabahar Port. India is considering development projects in Afghanistan. No foreign government, including India, officially recognizes the Taliban administration.
The humble kitchen is in for a snazzy makeover–Beyond Appliances is aiming to capture a chunk of the Rs 8,000 crore kitchen appliance market pie with their slew of innovations in the offing.
On January 9, five stocks experienced long unwinding: L&T Finance, SBI Card, PB Fintech, Vedanta, and Naukri, with notable declines in stock prices and open interest.
Over the past three months, Praj Industries' stock has increased by nearly 7%, outperforming the Nifty 50, which saw a nearly 6% decline during the same period. Kotak Institutional Equities has set a target price of Rs 880, citing a growing total addressable market (TAM) and an improved business mix in bioenergy as key factors driving this valuation.
