Business

Meta intends to conduct a first wave of sweeping layoffs planned for this year on May 20, with more coming later, three sources familiar with the plans told Reuters. The Facebook and Instagram owner will lay off about 10% of its global workforce, or close to 8,000 employees, in that initial round, one of the sources said. The company is...

A man has won an original Pablo Picasso painting worth more than €1m (£870,000; $1.2m) in a charity raffle. Ari Hodara, an engineer and art enthusiast, learned he was the winner on Tuesday when he answered a video call from Christie’s auction house in Paris. “How do I know this isn’t a prank?” the 58-year-old asked when he was told...

Gold and silver prices in India traded sharply lower on Monday, tracking weakness in international bullion markets amid a stronger US dollar and reduced expectations of Federal Reserve interest rate cuts this year. The decline came as a surge in crude oil prices intensified inflation concerns. On the Multi Commodity Exchange (MCX), gold futures for June delivery opened lower by...

Jio-BP, the fuel joint venture of Reliance Industries Ltd and BP Plc, does not plan to raise fuel prices immediately despite a spike in international oil prices, its chief executive Akshay Wadhwa said on Friday. The country’s second-largest private fuel retailer has kept retail petrol and diesel rates steady, just like public sector firms, which have not passed on the...

India’s expected economic growth of 6.6% for fiscal 2027 could face significant ‌risks as the Iran war fans inflation worries, but ample foreign exchange buffers and a well-capitalised banking system could help mitigate some of it, the World Bank said. Doubts lingered over a fragile two-week Middle East ceasefire, raising concerns that energy ​flows through the crucial Strait of Hormuz will remain restricted. India, which...

Oil prices plunged below $100 in early Asian trading on Wednesday after President Trump announced a conditional two-week ceasefire agreement with Iran. At the time of writing, WTI had dropped by 13.96% to trade at $97.18, while Brent Crude had fallen to $95.05, down 13.01% on the day. The dramatic selloff came on the back of Trump committing to a two-week suspension of military...

Air India is scouting for a successor to lead the airline after its Chief Executive Officer (CEO) and Managing Director (MD) Campbell Wilson formally resigned on Tuesday.   The Air India Board has constituted a committee to find a successor to Wilson in the coming months. He will continue to remain as the airline’s chief until a successor is appointed, it...

Luxury carmaker BMW India managed to pull slightly ahead of rival Mercedes-Benz India in quarterly registrations, reflecting a gradual shift in the competitive landscape, even as the country’s luxury car market largely remained flat in the first quarter of calendar year 2026 (Q1CY26),   According to VAHAN data, BMW India registered 4,944 units during the January-March period, marking an 11 per...

Gold prices witnessed a pullback on April 2, 2026, after a sharp rally in recent sessions, as easing geopolitical tensions and shifting expectations around US interest rate cuts reduced safe-haven demand. International spot gold declined nearly 2.8% to hover around $4,650 per ounce, reflecting profit-booking and a temporary cooling-off in bullish momentum. In India, gold prices also edged lower across purity levels...

In early 1976 in California, Steve Wozniak designed a computer circuit board that he intended to share with fellow hobbyists at a local club. His friend Steve Jobs recognized its commercial potential and suggested manufacturing and selling the boards. From this partnership, Apple was born, laying the foundation for one of the most influential companies in history.  Now celebrating its...