Oracle is laying off at least 10,000 employees—potentially up to 30,000—as it struggles to manage the cash demands of a $300 billion cloud computing deal with OpenAI. The cuts, Oracle’s largest-ever restructuring, span divisions including Oracle Health, Cloud, Sales, and NetSuite. With debt exceeding $100 billion and free cash flow deeply negative, the company is...
Category: News
Saudi raises Arab Light crude to record premium as Iran war disrupts markets
Saudi Arabia has raised the price of its main crude grade for Asian buyers to a record high, as the Middle East conflict enters its sixth week and continues to disrupt global energy flows worldwide.The kingdom’s oil giant Saudi Aramco has set the cost of its Arab Light crude for May sales to Asia at...
‘Dhurandhar 2’ collection day 19: Ranveer Singh film eyes Rs. 1,050 crore India net
Aditya Dhar’s ‘Dhurandhar 2: The Revenge’ officially enlisted its name as the second Hindi film to cross the Rs 1,000 crore India net milestone. Starring Ranveer Singh, the espionage thriller has amassed Rs 1,014.97 crore domestically and Rs 1,605.74 crore globally, outperforming blockbusters like ‘Jawan’ and ‘KGF 2’. Despite the IPL 2026 season, the film...
Microsoft’s former exec, laid off after 26 years, shares message on Oracle layoffs
Oracle announced to cut jobs across its global office last month, impacting thousands of employees. The layoffs, which were communicated through an early 6am email, have triggered reactions across the tech industry. Amid this, a former Microsoft senior executive has shared a LinkedIn post with a message for the laid off Oracle employees. Sara N,...
Tamil Nadu election: Why TVK chief Vijay called off Chennai campaign
NEW DELHI: Tamilaga Vettri Kazhagam (TVK) chief Vijay on Monday called off his scheduled election campaign in Chennai, citing logistical constraints imposed by local authorities.Vijay was set to campaign in the Villivakkam and T Nagar constituencies. While police had granted permission for the events, the party alleged that the time allocated to travel between the...
Bengal polls: ADM served show-cause notice over Malda judicial officers ‘hostage’ episode
Malda ‘hostage’ incident: ECI has handed over the probe to NIA NEW DELHI: The District Magistrate (DM) of West Bengal’s Malda issued a show-cause notice to the Additional District Magistrate (Law and Order) after seven judicial officers, including three women, were gheraoed on April 1. The show-cause notice dated April 4 was served to ADM...
SC orders CBI inquiry into allegations that PWD contracts went to firms linked to Arunachal CM’s kin
NEW DELHI: The Supreme Court on Monday ordered the Central Bureau of Investigation (CBI) to probe into the allegation that Arunachal Pradesh chief minister Pema Khandu‘s family received contracts worth Rs 1,270 crores over 10 years.It directed CBI to initiate probe within two weeks and ordered Arunachal Pradesh government to place before the agency all...
American analyst to all companies blaming AI for layoffs: You are ‘lying’
Popular VC Marc Andreessen has once again stated that “AI job loss” narratives are fake arguing that AI will lead to massive productivity gains which in turn will boost demand and create a large jobs boom. “The “AI job loss” narratives are all fake. AI = massive ramp in productivity = massive ramp in demand...
‘If he cannot then I don’t know…’: Ashwin’s blunt take on Ajinkya Rahane
Kolkata Knight Riders’ captain Ajinkya Rahane (AP Photo/Rafiq Maqbool) With Kolkata Knight Riders enduring a tough start to IPL 2026, Ajinkya Rahane has found himself under increasing scrutiny following defeats to Mumbai Indians and Sunrisers Hyderabad.Rahane began the season on a positive note with a fluent 67 off 40 balls against Mumbai Indians, but his...
Rupee rebounds: Currency rises 33 paise to reach 92.85 against US dollar
Rupee stood firm on Monday, gaining 33 paise to reach 92.85 against the US dollar in early trade. This follows intervention by the Reserve Bank of India, as the bank stepped in to support the currency. The RBI tightened norms to curb speculative positions and capped banks’ net open positions at $100 million, even as...
