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President Trump plans to announce 'Liberation Day,' imposing 25% tariffs intended to boost US revenue by $6 trillion over a decade but risking global economic instability. Economists predict a $1.4 trillion global income hit, inflation, and disrupted trade. While some countries like India may gain initially, experts warn of long-term negative impacts.
Zomato has laid off around 500-600 customer support employees due to non-performance and is leaning on AI to automate job functions. Impacted employees claimed they were terminated without notice. The layoffs come as Zomato reports a significant drop in profits and continues its expansion into quick commerce. The company recently approved new stock options for eligible employees.
The Indian government is closely monitoring the US reciprocal tariffs, which are expected to impact exports and demand. Trade experts anticipate higher duties on Indian goods, including agricultural products, to be a strategic move by the US in bilateral talks. India plans to push forward with trade negotiations to counter the tariff impacts.
Ratan Tata, who passed away in October 2024, left nearly Rs 3.5 crore for his house helps and office staff, waived off their loans, and ensured his belongings benefited the underprivileged. He bequeathed substantial amounts to his long-time cook, butler, and driver, canceled loans, and directed funds for his executors and domestic servants.
President Droupadi Murmu urged the RBI to enhance vigilance against financial fraud and cyber threats as technology advances. She praised the RBI's role in maintaining trust and stability over the past 90 years and emphasized its importance in driving financial innovation and ensuring a secure digital payment system.
Maruti Suzuki, India’s leading carmaker, remains skeptical about the mass adoption of electric vehicles (EVs) due to concerns over range, charging infrastructure, and customer trust. Meanwhile, Hyundai is optimistic, predicting the share of EVs in total car sales to grow significantly, reaching 5% by FY27.
In an era dominated by SUVs, Maruti's WagonR emerged as the highest-selling model in FY25 with sales of 1.98 lakh units, slightly ahead of Tata Punch. Despite the growing preference for SUVs, Maruti continues to see significant demand for hatchbacks, with WagonR and Swift performing strongly.
2025/04/10 02:31:17
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