The US-based athletic footwear and apparel corporation has announced that it will lay off 2% of its global workforce due to weaker sales and rising competition. The company has not shared details about the exact number of employees to be laid off; however, according to an estimate, Nike has around 83,000 employees worldwide. The Nike layoffs 2024 will affect nearly 2% of its total workforce. In December, Nike announced it cut nearly $2 billion in costs over three years. The layoffs are expected to start on Friday, and a second phase would be completed by the end of the current…
Author: Editorial Team
Kavita Chaudhary, renowned for her 1989 superhit TV show ‘Udaan’ and her portrayal of Lalita-ji in the iconic Surf ads, reportedly passed away due to cardiac arrest at Parvati Devi Hospital in Amritsar on February 15. The funeral is currently underway. Suchitra Verma, Kavita’s mentee and close friend, revealed that the actor had been battling cancer for a few years. When they last met, Kavita had informed her about undergoing chemotherapy and appeared visibly in pain. “I feel miserable to have lost her and never got a chance to meet her. I never knew her condition would deteriorate so suddenly,”…
Over the years, Microsoft has invested heavily in OpenAI, giving it a strong base to challenge established search engines. OpenAI, renowned for creating ChatGPT, is reportedly venturing into the web search segment. If the report proves true, it could potentially challenge and be a successful Google search rival. According to a source cited in a report by The Information, OpenAI is developing a web search product, possibly in collaboration with Bing, to act as a Google Search Rival. This move comes a year after Microsoft, a significant supporter of OpenAI, infused Bing with Copilot AI tools. Microsoft CEO Satya Nadella…
On Thursday, Alia Bhatt and Amazon Prime Video unveiled the Poacher trailer. It’s an original crime thriller series. Emmy Award-winning filmmaker Richie Mehta writes, creates, and directs the upcoming web series, which narrates the tale of one of India’s biggest crime rackets. Inspired by real-life events, Poacher centres around the narrative of the largest ivory poaching scheme, entailing cold-blooded murders, silent victims, and an unprecedented world of crime. Premiering on Prime Video in India and over 240 nations and territories worldwide on February 23, Poacher can be streamed in multiple languages, including Hindi, English, Tamil, Telugu, and Kannada. Additionally, it…
The year 2023 witnessed significant achievements for some individuals. Aaquib Wani emerged as the mastermind behind the newly designed jerseys for the Indian cricket team across ODI, T20I, and Test formats. Cricketer Shubman Gill etched his name in history as only the third Indian batter to notch 10 international centuries by age 24, joining the ranks of Sachin Tendulkar and Virat Kohli. Actor Tripti Dimri garnered acclaim for delivering “refreshing” and “full-bodied” performances in movies like Animal and Qala. Javelin star Neeraj Chopra clinched two gold medals at the Asian Games and World Championships, solidifying his status as a world-class…
According to reports, Reliance Industries is discussing the acquisition of a 29.8% stake in Tata Play, a subscription-based satellite TV and video streaming service, from Walt Disney. The potential deal signifies the strategic move of the Mukesh Ambani-owned Indian oil-to-telecom conglomerate to strengthen its presence in India’s television distribution sector and expand the reach of its OTT platform, JioCinema. Tata Play did not respond to ET Online’s query on this development. Potential Reliance-Tata Play Deal Tata Sons, the holding company of the Tata group, currently holds a majority 50.2% stake in Tata Play, with Temasek, a Singapore-based fund, owning the…
Jackky Bhagnani and Rakul Preet Singh are preparing to tie the knot on February 21 in Goa. According to a report by India Today, their grand wedding will unfold at the luxurious ITC Grand in south Goa. The guest list for the destination wedding remains limited, encompassing only close friends and family. More details continue to emerge about the extravagant wedding celebrations of Rakul Preet Singh and Jackky Bhagnani. The couple’s nuptials, scheduled for February 21, 2024, will be hosted at the opulent ITC Grand in South Goa. Festivities are set to commence on February 19 and span three days.…
India’s financial crime-fighting agency requests details on overseas transactions from Paytm Payments Bank, a unit of One 97 Communications, one of the country’s largest payment operators. Earlier this month, Reuters reported that the Enforcement Directorate had initiated a probe into One 97 Communications, also recognized as Paytm, suspecting a violation of foreign exchange rules. The firm had denied allegations of forex violations. Two weeks after the country’s central bank ordered Paytm Payments Bank, an affiliate of Paytm, to shut most of its business, including deposits, credit products, and its popular digital wallets, by the end of February, citing “persistent non-compliance,”…
BOC Aviation, based in Singapore, signed a finance lease transaction with InterGlobe Aviation, the parent company of Indian airline IndiGo, involving four Airbus A320NEO aircraft scheduled for delivery in 2024. Steven Townend, BOC Aviation’s CEO and Managing Director, stated the company’s pleasure in supporting IndiGo’s expansion strategy and assisting in building its fleet of fuel-efficient aircraft. Riyaz Peermohamed, IndiGo’s Chief Aircraft Acquisition and Financing Officer, expressed satisfaction with the partnership, highlighting that the new aircraft would support the company’s expansion plans and strengthen its position in both domestic and international markets. IndiGo aims to continue providing affordable and hassle-free travel…
The Reserve Bank of India has instructed card networks such as Visa and Mastercard to cease Business Payments via Cards conducted by corporations and small enterprises, surprising the industry. Industry sources have reported a temporary halt in transactions being conducted at other business outlets that may not be authorized to accept card payments. Although the exact reason remains undisclosed, industry sources suggest that the regulator is concerned about money flow through the card route toward non-KYC-ed merchants. While their bank accounts may be KYC-ed, these merchants are largely unauthorized to accept Business Payments via Cards as merchants. Fintechs Directed to…