Author: Team Admin

New Delhi: Chipmaker Intel says it is cutting 15% of its huge workforce — about 15,000 jobs — as it tries to turn its business around to compete with more successful rivals like Nvidia and AMD. In a memo to staff, Intel Corp. CEO Pat Gelsinger said Thursday the company plans to save $10 billion in 2025. “Simply put, we must align our cost structure with our new operating model and fundamentally change the way we operate,” he wrote in the memo published on Intel’s website. “Our revenues have not grown as expected — and we’ve yet to fully benefit…

New Delhi: More than 100 countries, including India, face serious obstacles in becoming high-income countries in the next few decades, and New Delhi may take nearly 75 years just to reach one-quarter of US income per capita, a World Bank report said. It will take China more than 10 years to reach one-quarter of US income per capita and Indonesia nearly 70 years, according to the World Development Report 2024: The Middle Income Trap. Drawing on lessons of the past 50 years, the report finds that as countries grow wealthier, they usually hit a “trap” at about 10 per cent…

New Delhi: Sajjan Jindal, chairman and MD of JSW Group, has announced the gift of the MG Windson car to every Olympic medalist from Team India. So far, India has won 3 bronze medals in the ongoing Olympic Games Paris 2024. “Delighted to announce that every Olympic medalist from Team India will be gifted an MG Windsor, a remarkable car from JSW MG India! Because our best deserve the best, for their dedication and success!” the industrialist said in a post on X. Jindal’s post came after Morris Garages India announced their new CUV MG Windsor, in collaboration with JSW…

Ayodhya: One person went missing after a boat carrying nine pilgrims capsized on Friday in the Sarayu river in Ayodhya, an official said. According to the official, while the local divers and SDRF personnel rescued eight persons, a 29-year-old woman identified as Kashish is missing. “The boat collided with another boat following which it capsized. All those who were onboard the boat wore life jackets. The missing individual also had a life jacket on. Rescue teams are trying to find her,” Ayodhya Senior Superintendent of Police, Raj Karan Nayyar said. It has been learned that the incident happened when the…

Goemkarponn Desk PANAJI: As Goa is eyeing to revive the local economy in the mining rich villages, the State government, while propoising to drop 49 villages from the eco-sensitive areas (ESA) of the Western Ghat region, has said that notifying these villages will have major impact on the iron ore mining sector. Impact on minor minerals like laterite and basalt quarries, is yet another concern raised by the State- where the Centre has proposed to notify 99 villages as ESA. State government in a recent communication to the Union Ministry for Environment, Forest and Climate Change has highlighted various reasons…

The recent devastating landslides in Wayanad, Kerala, have brought to light the vulnerability of ecologically sensitive areas to such natural disasters. Chief Minister Pramod Sawant, for a change, has drawn parallels between Wayanad and Goa and serves as a wake-up call for the latter. However, only statements would not suffice and there has to be an action plan to mitigate the threat like Wayanad. The occurrence of massive landslides in Mundakkai, Chooralmala, Attamala, and Noolpuzha hamlets due to heavy rains resulted in a tragic loss of lives, with hundreds still missing. This highlights the urgent need for Goa to address…

New Delhi: Insolvency proceedings against Byju’s were quashed by an appeals tribunal on Friday in a big win for founder Byju Raveendran but a setback for US lenders that say they are owed $1 billion by the education start-up. Byju’s was valued at $22 billion in 2022 before suffering setbacks including boardroom exits, an auditor resignation, and a public spat with foreign investors over alleged mismanagement. The company has denied any wrongdoing. The company was facing insolvency proceedings after India’s cricket board said it was not paid $19 million in sponsorship dues. Former billionaire CEO Byju Raveendran asked the insolvency…