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Aviation giant Boeing to cut 10 pc of its workforce amid rough path ahead

Oct 12, 2024

San Francisco, Oct 12 (IANS) Aviation giant Boeing is laying off nearly 10 per cent of its workforce, around 17,000 jobs, as it makes structural changes to stay competitive.Boeing President and CEO, Kelly Ortberg, sent an email to staff, announcing the decision. The layoffs will take place “over the coming months” and will include “executives,…

Apple researchers question AI’s reasoning ability in mathematics

Oct 12, 2024

New Delhi, Oct 12 (IANS) A team of Apple researchers has questioned the formal reasoning capabilities of large language models (LLMs), particularly in mathematics.They found that LLMs exhibit noticeable variance when responding to different…

Business

BJP’s strong performance in assembly polls brought optimism to domestic market: Experts

Oct 12, 2024

Mumbai, Oct 12 (IANS) The ruling party’s stronger-than-expected performance in the assembly elections brought a degree of optimism to the domestic stock market this week amid global geo-political uncertainties, analysts said on Saturday.The…

Business

Renault Korea, union reach wage deal after labour strike

Oct 12, 2024

Seoul, Oct 12 (IANS) The management and union of Renault Korea Motors, the South Korean unit of Renault, has sealed a wage deal after an extended labour strike over wages and working conditions.Unionised workers of Renault Korea engaged in…

Business

Sensex closes down by 230 points, auto and finance shares fall

Oct 11, 2024

Mumbai, Oct 11 (IANS) India frontline equity indices closed lower on Friday as finance shares and TCS weighed on them. At closing, Sensex was down 230 points, or 0.28 per cent, at 81,381 and Nifty was down 34 points, or 0.14 per cent, at…

Business

Years of planning, investment and hard work, says Adani Group as IAF plane lands at Navi Mumbai…

Oct 11, 2024

Mumbai, Oct 11 (IANS) An Indian Air Force (IAF) large multi-role tactical airlift C-295 plane successfully touched down on the South runway of the Navi Mumbai International Airport Ltd (NMIAL) on Friday, marking a key moment in the Adani…

Business

Festive sales on Indian e-commerce platforms cross Rs 54,000 crore in 1st week

Oct 11, 2024

New Delhi, Oct 11 (IANS) Online e-commerce platforms in the country saw sales worth over Rs 54,500 crore in the first week of the festive season, about 55 per cent of total sales projected during the next month.According to latest data from…

Business

Paris Agreement’s goals no longer achievable, net zero still in sight: Report

Oct 11, 2024

New Delhi, Oct 11 (IANS) Despite progress being made, greenhouse gas (GHG) emissions are continuing to increase, reaching a new record high of 37.4 billion tonnes (Gt) in 2023, confirming that the path to reach UN-mandated Paris Agreement’s…

Business

IAF C295 aircraft lands successfully at Navi Mumbai International Airport

Oct 11, 2024

Navi Mumbai, Oct 11 (IANS) The Indian Air Force (IAF) C295 transport aircraft on Friday successfully conducted an inaugural landing at the Navi Mumbai International Airport (NIMA). The C295 was traditionally welcomed by the cannon salute of…

Business

NSE to discontinue three weekly options contracts including Bank Nifty

Oct 11, 2024

New Delhi, Oct 11 (IANS) National Stock Exchange (NSE) has announced that weekly index derivatives contracts on Bank Nifty, Nifty Midcap Select, and Nifty Financial Services will be discontinued effective from November 13, November 18 and…

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