In a major development for small farmers in India, the Walmart Foundation has announced a new five-year strategy aimed at improving the livelihood of at least 10 lakh smallholder farmers, with a particular focus on empowering women farmers. The Foundation will provide grants to non-profit organizations working in collectivization and farm aggregation in several states, […]
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Indian automaker Mahindra and Mahindra Ltd is reportedly in advanced talks with global investors to raise between $1 billion and $1.3 billion to accelerate the expansion of its electric vehicle (EV) unit. According to a report from Mint, the company plans to raise capital by selling shares in its unit, currently valued at over $9.1 […]
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Twitch, the popular live streaming platform owned by Amazon, announced on Monday that it will lay off just over 400 people as part of a new round of layoffs at its parent company. According to Twitch CEO Dan Clancy, the layoffs were necessary due to the current macroeconomic environment and slower than expected growth in […]
Technology
Samsung, the South Korean electronics giant, has announced plans to invest in smart manufacturing capabilities and research and development (R&D) in India. The company’s global head for mobile business, T M Roh, revealed that the investment will be focused on Samsung’s largest mobile phone plant in Noida, with the aim of making production more competitive. […]
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Alphabet, Google’s parent company, announced earlier this year that it would be cutting 12,000 jobs globally. In response to the announcement, some Google employees have written an open letter to CEO Sundar Pichai, demanding a better course of action when it comes to these job cuts. The letter lists out five major demands that employees […]
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In a move that could shake up the Indian video streaming industry, Amazon is reportedly in advanced talks to acquire Times Internet’s MX Player. According to reports, the American e-commerce giant has signed up one of the Big Four accounting firms to conduct exclusive due diligence on MX Player, with the process expected to take […]
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The CEO of OpenAI, Sam Altman, has expressed his concerns about the potential misuse of AI language models such as ChatGPT. In a recent interview with ABC News, Altman admitted that he is “a little bit scared” of the chatbot and warned that people should be cautious about its capabilities. One of the major concerns […]
Technology
Amazon, one of the world’s largest e-commerce companies, recently announced that it will lay off 9,000 employees in the next few weeks, mostly in AWS, advertising, and Twitch. This comes after the company already laid off nearly 18,000 employees in the past. The decision was made as part of the company’s annual planning process, according […]
Technology
Wipro lays off 120 employees in US, cites ‘realignment of business needs’ Several IT firms have done mass layoffs and cost cuts in anticipation of an economic downturn. Now IT major Wipro is slashing at least 120 employees, citing “realignment of business needs,” reported news agency IANS. The impacted employees include over 100 processing agents, […]
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