Business updates

Business updates

Meta Platforms plans sweeping layoffs as AI costs mount

The Meta layoffs will be the most significant since a restructuring in late 2022 and early 2023 that it dubbed the “year of efficiency”.>

First Air India, now IndiGo, and more: Airlines hike fares as West Asia war sets oil prices on fire

The global prices of ATF, which typically accounts for 40% of an airline's operating expenses, has seen a “sharp surge”>

IndiGo adds ‘fuel charge’ on flight ticket prices as oil spikes amid Iran war

IndiGo says it has opted for a smaller fuel charge despite the surge in ATF prices requiring a “substantial adjustment” to base flight ticket prices.>

Jeffrey Epstein orbited Peter Thiel for years over money, connections and advice

Peter Thiel says he met Jeffrey Epstein a “few times”, but Epstein files suggest the depth and duration of a relationship that was beneficial for both men.>

Iran war drags down everything, everywhere all at once for India Inc.—from Sensex to Nifty 50 and Rupee

The BSE Sensex fell as much as 1,579.82 points to 75,070.44 while the broader NSE Nifty 50 dropped 2.22% to 23,305.75. The rupee plunged to an all-time low.>

Credits : HTimes