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Business

Microsoft Pauses Hiring in US Consulting Unit Amid Cost-Cutting Measures

Microsoft Corp. has announced a temporary hiring freeze in its US consulting unit as part of its cost-cutting strategies. Employees are encouraged to use virtual meetings to save o...

Business

JSW Steel Cleared in Coal Block Case: A Legal Victory Amidst Controversy

JSW Steel Ltd has been discharged by a court in a case related to alleged irregularities in coal block allocation, marking a significant legal victory. The decision follows the app...

Business

BlackRock's Future Leadership Shaken as Key Executive Mark Wiedman Announces Departure

Mark Wiedman, a key executive at BlackRock and potential successor to CEO Larry Fink, is leaving the firm. His departure, reported by the Financial Times, raises questions about Bl...

Business

Revolutionizing Digital Assistance: OpenAI's ChatGPT Introduces 'Tasks' Feature

OpenAI has launched 'Tasks,' a new beta feature for ChatGPT, allowing Plus, Team, and Pro subscribers to schedule reminders and automate actions, enhancing its role as a digital as...

Business

Cleveland-Cliffs CEO Confident in Financing $7 Billion Bid for US Steel

Cleveland-Cliffs Inc. CEO Lourenco Goncalves is confident in financing a $7 billion bid for US Steel, with plans ready if Nippon Steel's deal collapses. He's backed by major financ...

Business

Adebayo Ogunlesi, a Global Finance Heavyweight, Joins OpenAI's Board to Shape the Future of AI

OpenAI appoints Adebayo Ogunlesi, a global finance leader with extensive experience in infrastructure investment and strategy, to its Board of Directors. Ogunlesi's expertise is ex...

Business

Meta Announces Further Staff Reductions, Targeting Underperforming Employees

Meta Platforms Inc. is set to cut more staff, focusing on underperforming employees. CEO Mark Zuckerberg aims to raise performance standards, with plans to refill positions by 2025...

Business

India's Commerce Ministry Eyes 5-Year Extension for Exporters' Interest Equalisation Scheme in Upcoming Budget

India's Commerce Ministry is pushing for a five-year extension of the interest equalisation scheme to support exporters with competitive rates, amidst global economic challenges. T...