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multiple employees affected by the recent job cuts have confirmed the news, with Jane Machun Wong, one of the impacted staff members, expressing her thoughts on social media. "I'm still trying to process this, but I am informed that my role at Meta has been impacted," Wong said, thanking her colleagues at Threads and Instagram for her "wild journey" at the company.Reportedly, Meta acknowledged the layoffs in a statement, explaining that the move is designed to align resources with its long-term strategies.

Central Bank of India on Thursday posted a 51 per cent jump in profit at Rs 913 crore in the second quarter ended September 2024. The lender had earned a net profit of Rs 605 crore in the same quarter a year ago. Total income increased to Rs 9,849 crore during the quarter under review, as against Rs 8,412 crore in the same period last year, Central Bank of India said in a regulatory filing.

Supreme Court on Thursday deferred to November 27 the hearing on the question whether its 2022 verdict upholding the Enforcement Directorate's powers to arrest and attach property under the Prevention of Money Laundering Act required any reconsideration. A three-judge bench headed by Justice Surya Kant was informed by a lawyer that senior advocate Kapil Sibal, representing the petitioners, was not available today. «This is what happens. When we list, somebody is not available,» the bench said. The request of adjournment was not opposed by the ED's counsel.

Centrum Wealth Management Limited has reduce call on HDFC AMC with a target price of Rs 4,545. The current market price of HDFC AMC is Rs 4,794.5. HDFC AMC, incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 101840.51 Crore) operating in Financial Services sector. HDFC AMC key Products/Revenue Segments include Investment Management & Advisory Fees and Income From Portfolio Management Services for the year ending 31-Mar-2024.

Balrampur Chini Mills Ltd.(up 0.41%), Simbhaoli Sugars Ltd.(up 0.36%), EID Parry(India)Ltd.(up 0.16%) and Magadh Sugar & Energy Ltd.(up 0.15%) were among the top gainers.

Brihanmumbai Municipal Corporation (BMC) on Wednesday announced a 5-10 per cent water cut across Mumbai from October 17 to October 18 citing a glitch in a valve on a pipeline in Thane district. A BMC release said that a 900-mm valve of the Vaitarna pipeline at Tarali in the neighbouring district has malfunctioned, necessitating the partial shutdown of the water supply system. It is expected to be fixed in about 48 hours, said the civic body. «Consequently, there has been a 5 per cent to 10 per cent reduction in the supply to the Bhandup Water Treatment Plant, which supplies water to Greater Mumbai,» the release said, justifying the water cut in the city from Thursday to Friday. Water to Mumbai city and suburbs is primarily sourced from the Vaitarna dam.

Revenue from operations in the reporting period increased 8% year-on-year to Rs 2,573 crore, compared with Rs 2,386 crore in the same period of last year.

interim dividend of Rs 17 per share and has set the record date on October 25, 2024. The announcement was made along with company's Q2FY25 earnings. L&T Technology reported marginal rise of 2% in its consolidated net profit at Rs 320 crore for the second quarter ended September 2024. The same stood at Rs 315 crore a year ago. Revenue from operations in the reporting period increased 8% year-on-year to Rs 2,573 crore, compared with Rs 2,386 crore in the same period of last year.

HDFC Securities has buy call on Sudarshan Chemical Industries with a target price of Rs 1,161. The current market price of Sudarshan Chemical Industries is Rs 1,102.35. Sudarshan Chemical Industries, incorporated in the year 1951, is a Mid Cap company (having a market cap of Rs 7,659.65 Crore) operating in Chemicals sector. Sudarshan Chemical Industries key Products/Revenue Segments include Inorganic Pigments, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2024.

Ascertis Credit, is eyeing a $1 billion (about ₹8,400 crore) fundraising for its fifth fund, after investing more than $1 billion across four funds to date. The firm plans to launch its fifth and largest fund yet within the coming month. The firm's upcoming Fund V is expected to target fundraising, with investments focused predominantly in India, alongside opportunities in Southeast Asia. Ascertis will raise capital from both international and domestic investors. It will deliver returns in the mid-teens from the fund.

small-cap stocks during the September quarter. Techno Electric, Honasa Consumer, Heritage Foods, Genus Power Infra, Sansera Engineering, Electronics Mart India, Kalyan Jewellers, Kamdhenu, and Arvind Fashions are among the companies that attracted foreign flows in the period. For instance, foreign portfolio investors (FPIs) increased their stakes in Techno Electric & Engineering Company from 4.39% to 9.81% during the quarter.

Sagility India and Senores Pharmaceuticals have received approvals from the Securities and Exchange Board of India (Sebi) for their proposed initial public offerings (IPOs). The regulator issued its final observations on the draft papers last week. When a company receives a final observation from Sebi, it’s a signal from the regulator to go ahead with the IPO process. Sagility India’s IPO consists solely of an offer for sale (OFS) of 984.4 million shares by promoter Sagility BV. The company provides technology-driven services to insurance settlement entities and healthcare providers.

Wall Street's main indexes were mixed on Tuesday as investors parsed quarterly results from companies such as UnitedHealth and Bank of America. At 09:32 a.m.

trade ties with the country immediately, a government source said on Tuesday. Canadian funds are also not expected to change their stance on India, the source added. Relations between India and Canada plummeted on Monday after Ottawa linked India's high commissioner and other diplomats to the murder of Sikh leader Hardeep Singh Nijjar on its soil and accused New Delhi of a broader effort to target Indian dissidents in Canada.

total accounts banned, 1,661,000 were flagged and banned before any user complaints were filed. This early detection was made possible through automated systems designed to monitor suspicious behaviour patterns, such as bulk messaging, a common precursor to scams or misuse of the platform.The August report also highlights that 10,707 user complaints were received via WhatsApp’s grievance mechanisms.

Subscribe to enjoy similar stories. Indian homebuyers seem to be following Shah Rukh Khan’s advice like never before. The Bollywood star once told fellow actor Rajkumar Rao, “Beta kabhi bhi ghar lega na, toh aukaat se thoda zyaada lena, kyunki phir na, upar wala bhi dekhta hai aur tu khud bhi zyada mehnat karega.

The NSE Nifty index closed 70.61 points down at 25057.35, while BSE Sensex ended down 152.93 points at 81820.12.

MCX on Tuesday announced the launch of cotton seed wash oil futures. Each contract will have a trading unit of 5 tonne with a base value quoted in Rupee per 10 kg at Ex-Tank Kadi, Gujarat, MCX said in a statement. The margin requirement for entering into the contract is approximately 12 per cent, providing participants with affordable access to hedging.

Germany's auto, electrical and metal industries, sources said on Tuesday, falling short of the demand made by the union. The offer, which foresees the first increase on July 1, 2025 and the second a year thereafter, was made by employers in northern Germany, the first negotiating district to do so, with other districts expected to fall in line with their position. Germany's largest industrial union, IG Metall, has demanded a pay rise of 7% for the almost four million workers and has threatened to strike alongside the talks.

mandatory disclosures on packaged products sold through quick commerce companies, a senior government official said on Tuesday, signalling potential regulatory action against non-compliant firms. Consumer Affairs Secretary Nidhi Khare told reporters the government is examining whether these companies are adhering to the Legal Metrology Act, which requires disclosure of key product information. «We are examining mandatory disclosures on packaged products sold via quick commerce companies,» Khare said. The act mandates that packaged goods sold both online and offline must display information including maximum retail price, expiration date, weight, manufacturer details, and consumer grievance addresses.

Max Healthcare Institute Ltd. gained 1.78 per cent to Rs 964.4 in Tuesday's trade. It hit a high of Rs 966.4 and low of Rs 945.8 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 843.68, while the 50-DMA was at Rs 916.23. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.