Business

Starbucks to Cut 900 Jobs, Close Underperforming Stores in North America
25 Sep

Starbucks to Cut 900 Jobs, Close Underperforming Stores in North America

Rajeev Sharma0 CommentsBusiness, , , , ,
Seattle, September 25, 2025: Starbucks will lay off nearly 900 non-retail employees and shut a number of underperforming stores in the United States and Canada as part of a wider restructuring drive. Employees whose positions are being eliminated will be informed on Friday, the company said.The coffee chain noted that a review of its operations showed several locations were missing financial targets or failing to deliver the customer experience associated with the brand. “This is a more significant action that we understand will impact partners and customers. Our coffeehouses are centres of the community, and closing any location is difficult,”…
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Tariffs on India Over Russian Oil Ties Highlight Complex U.S. Foreign Policy, Says Rubio
24 Sep

Tariffs on India Over Russian Oil Ties Highlight Complex U.S. Foreign Policy, Says Rubio

Rajeev Sharma0 CommentsBusiness, India, Trending, World News, ,
Washington, D.C. (Rajeev Sharma): U.S. Secretary of State Marco Rubio has confirmed that the Trump administration imposed trade penalties on India due to its ongoing energy dealings with Russia, despite New Delhi being one of Washington’s key allies in the region. Rubio’s comments came during an interview with Good Morning America, where he was pressed on the former president's approach to Russian aggression in Ukraine and the claim that Donald Trump often avoided following through on threats directed at Russian President Vladimir Putin. In response, Rubio defended the administration’s record, pointing to specific economic decisions. “India is one of our…
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Indian Rupee Hits Record Low of 88.67 Amid U.S. Tariff Concerns; Gold Surges Past USD 3,700
23 Sep

Indian Rupee Hits Record Low of 88.67 Amid U.S. Tariff Concerns; Gold Surges Past USD 3,700

Rajeev Sharma0 CommentsBusiness, , ,
New Delhi, September 23, 2025 — The Indian rupee slipped to a fresh all-time low of 88.67 against the U.S. dollar on Tuesday, surpassing its previous record of 88.47 recorded on September 11. Analysts attribute the decline to concerns over U.S. tariff policies, uncertainty surrounding H1B visa rules, and month-end as well as half-year-end outflows by importers.Currency expert K. N. Dey noted that while there were some foreign institutional investor inflows yesterday, outflows from importers added pressure on the rupee. “Volatility may continue for another two to three days, though the downside appears limited. Levels of 88.47–88.50 could provide good…
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22 Sep
nishuthapar10 CommentsBusiness
National Times Bureau :- The Supreme Court on Monday criticised the way pilots were blamed in the preliminary report on the Air India plane crash. The court said it was “irresponsible” to point fingers at pilots before the final investigation report is ready. Hearing a PIL that sought an independent, court-monitored probe, the bench of Justices Surya Kant and N Kotiswar Singh issued notices to the Centre and the Directorate General of Civil Aviation (DGCA). The court stressed that confidentiality must be maintained until the inquiry is complete. The judges observed that blaming pilots too early can cause unnecessary suffering…
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GST 2.0 Rollout: Simpler Tax Regime Promises Savings for Households, Hits Luxury Goods
22 Sep

GST 2.0 Rollout: Simpler Tax Regime Promises Savings for Households, Hits Luxury Goods

Rajeev Sharma0 CommentsBusiness, India, Trending, ,
New Delhi (Rajeev Sharma): India has entered a new phase of indirect taxation with the launch of GST 2.0, which takes effect nationwide from today. The overhaul replaces the earlier four-rate structure with a streamlined system that has just two regular slabs – 5% for essentials and 18% for most goods and services – along with a steep 40% levy on luxury and sin products. The government has pitched the reform as a consumer-friendly move that will ease compliance, reduce disputes, and ultimately bring down the cost of living. Prime Minister Narendra Modi, hailing the transition as the start of…
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Punjab Taps Market for Rs 1,000 Crore Loan Amid Ongoing Borrowing Trend
20 Sep

Punjab Taps Market for Rs 1,000 Crore Loan Amid Ongoing Borrowing Trend

Gurpreet Singh0 CommentsBusiness, Punjab, Trending
Chandigarh (Gurpreet Singh): The Punjab government has raised eyebrows yet again by borrowing Rs 1,000 crore through the issuance of State Development Loans (SDLs), despite consistent public assurances that the state's treasury remains in stable condition. The loan was raised on September 18 at an interest rate of 6.98%, according to official data. This marks the sixth straight month the state has sought funds from the open market, further intensifying concerns about its long-term fiscal roadmap. Repayment Due by 2033 As per the official notification, the borrowed amount will be paid back over a period of eight years, with the…
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SBI General Insurance Launches Unique Health Scanning Feature on Its Mobile App
20 Sep

SBI General Insurance Launches Unique Health Scanning Feature on Its Mobile App

nishuthapar10 CommentsBusiness, Trending
SBI General Insurance, one of India's leading general insurance companies, has launched an innovative, unique health tracking feature on its mobile app, marking a significant advancement in health and wellness promotion. This new feature leverages advanced biometric technology to provide users with easy access to important health metrics through simple face and finger scans. The initiative offers a seamless, contactless, and tech-enabled approach to proactive wellness, designed to support users in taking charge of their health and well-being in real time. SBI General Insurance mobile app now offers face & finger-scan based health tracking, fostering proactive wellness and digital empowerment…
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India’s Sovereign AI BharatGen Secures Rs. 988.6 Crore Under IndiaAI Mission; Receives Largest Share of MeitY’s Rs. 1,500 Crore Allocation
20 Sep

India’s Sovereign AI BharatGen Secures Rs. 988.6 Crore Under IndiaAI Mission; Receives Largest Share of MeitY’s Rs. 1,500 Crore Allocation

nishuthapar10 CommentsBusiness, Technology, Trending
BharatGen, India's first government-backed multimodal Sovereign AI flagship initiative, has been awarded funding of Rs. 988.6 crore by the Ministry of Electronics and Information Technology (MeitY). The formal announcement was made by Hon'ble Union Minister of Electronics G IT, Shri Ashwini Vaishnaw, during an event at Hotel The Ashok, New Delhi. Hon'ble Union Minister of Electronics & IT, Ashwini Vaishnaw, made the formal announcement at an event held in Delhi The allocation positions BharatGen as the foremost beneficiary of the Rs. 1,500 crore IndiaAI Mission 2025, highlighting its central role in building India's sovereign AI ecosystem. The funding will help…
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20 Sep

This Big Billion Days Flipkart Drives Digital-first Affordability and Convenience for Two-wheelers with a Seamless, Tech-powered Experience

nishuthapar10 CommentsBusiness, India, Lifestyle, Trending
Extensive range of two-wheelers from all leading petrol & electric vehicle OEMs Fully digital purchase journey with insurance, registration, financing, and 24x7 two-wheeler expert assistance Loan options up to 48 months tenure, up to 24-month No-Cost EMI, and platform bank offers from Flipkart Axis Bank and Flipkart SBI credit cards Flipkart, India's homegrown e-commerce marketplace, is set to transform how India shops for two-wheelers through a wide selection across petrol and electric vehicles as it prepares for its annual shopping festival, The Big Billion Days. As the festive season kicks off, Flipkart is reinforcing its position as the preferred destination…
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Amritsar Woman Alleges Domestic Violence and Dowry Harassment by In-Laws
19 Sep

Amritsar Woman Alleges Domestic Violence and Dowry Harassment by In-Laws

Gurpreet Singh0 CommentsBusiness,
National Times Bureau :- In Amritsar, a woman has filed a complaint against her in-laws, accusing them of repeated physical assault and demanding dowry. The matter has gained attention after the Bhagwan Valmiki Seva Society extended support to the victim and accompanied her to lodge a formal complaint with the Amritsar police. In her petition to SSP Dehati, the woman claimed that she has been beaten and physically abused multiple times over dowry demands. Despite being married for ten years and having four children—three daughters and one son—she alleged that her in-laws continue to subject her to harassment and insist…
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