GM to lay off 1,300 workers across 2 Michigan plants as vehicle production ends
Leading US car maker General Motors has announced it will lay off a total of 1,314 employees at two factories in Michigan as...
US reaches H-1B visa cap for FY24
The US Citizenship and Immigration Services (USCIS) said it has received a sufficient number of petitions to reach the congressionally-mandated cap for the...
Fitbit fined $11mn for misleading consumers about its devices
Sydney, Dec 12 (IANS) The Federal Court in Australia on Tuesday ordered Google-owned wearable brand Fitbit to pay $11 million after the company admitted...
India’s Q2 growth has been highest in the world: Sitharaman
New Delhi, Dec 7 (IANS) Finance Minister Nirmala Sitharaman on Thursday said India's second quarter growth (in the current fiscal year) has been the...
Global crypto market hits $1.5tn as panic buying fuels Bitcoin price
The world's biggest cryptocurrency Bitcoin touched a 19-month high above $42,000 which was triggered by some "panic buying", reports said on Tuesday.
The...
Moody’s cuts outlook on China’s bonds to negative as debt level rises
Moody’s Investors Service lowered its outlook for Chinese sovereign bonds to negative amid growing concerns over the country’s rising debt level.
Moody’s...
Mark Zuckerberg sells nearly $190 mn in Meta’s shares
San Francisco, Dec 4 (IANS) Meta Founder and CEO Mark Zuckerberg sold around $190 million in the company’s stock last month, the media reported.
Zuckerberg...
Billionaire Vinod Khosla backs Narayana Murthy’s 70-hr work week advice
New Delhi, Dec 4 (IANS) Indian-American businessman and co-founder of Sun Microsystems, Vinod Khosla has backed Infosys founder NR Narayana Murthy's suggestion that India's...
Musk’s X sees wave of resignations from sales team after giving bonus
Elon Musk-run X Corp has witnessed a wave of resignations from the sales team over the past month, media reports said.
According to...
Nvidia sued over ‘stolen trade secrets’ after video call screensharing error with Valeo
Automotive technology company Valeo has sued graphics chip giant Nvidia after a video call screen-sharing between the two companies showed 'stolen' data from...
