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How a US tech giant’s AI ambitions came to be Indian IT’s bugbear

How a US tech giant’s AI ambitions came to be Indian IT’s bugbear

Posted by By newsportaltoday May 4, 2025
Sonata Software Ltd, which entered Indian IT’s $1 billion revenue club last year, recently said it was likely to record lower-than-expected revenue from its “largest client" for the January-March period,…
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Icra downgrades Ola Electric Technologies as sales slump

Icra downgrades Ola Electric Technologies as sales slump

Posted by By newsportaltoday May 3, 2025
New Delhi: Credit rating agency Icra Ltd has downgraded the debt of Ola Electric Technologies Ltd—a key subsidiary of listed Ola Electric Mobility Ltd—after the company’s electric scooter sales dropped…
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Exxon Mobil first quarter profits sink to lowest level in years as energy prices fade

Exxon Mobil first quarter profits sink to lowest level in years as energy prices fade

Posted by By newsportaltoday May 2, 2025
New York, May 2 (AP) Exxon Mobil's first quarter profit slumped to the lowest level in years, stung by weaker crude prices and higher costs. The oil and gas giant…
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Zomato shuts 15-minute food delivery service ‘Quick’ four months after launch, confirms CEO Deepinder Goyal in Q4 report

Zomato shuts 15-minute food delivery service ‘Quick’ four months after launch, confirms CEO Deepinder Goyal in Q4 report

Posted by By newsportaltoday May 1, 2025
Zomato announced its January-March quarter results for fiscal 2024-25 (Q4FY25) on Thursday, May 1, and informed it's shareholders that the leading food delivery giant will shut down it's 15-minute food…
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Intel layoffs: CEO Lip-Bu Tan announces key restructuring plans amid plans to cut down ‘unnecessary bureaucracy’

Intel layoffs: CEO Lip-Bu Tan announces key restructuring plans amid plans to cut down ‘unnecessary bureaucracy’

Posted by By newsportaltoday April 30, 2025
Big Tech firm Intel Corporation's Chief Executive Officer (CEO), Lip-Bu Tan, on Wednesday, April 30, announced his key restructuring plans for the chipmaking giant and hinted at the upcoming layoff,…
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UPS Plans 20,000 Job Cuts This Year After Amazon Pullback

UPS Plans 20,000 Job Cuts This Year After Amazon Pullback

Posted by By newsportaltoday April 29, 2025
(Bloomberg) -- United Parcel Service Inc. expects to cut 20,000 jobs this year and close facilities as it dramatically reduces shipments for e-commerce giant Amazon.com Inc. The reductions in its…
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