A small-town boss in the US state of Louisiana has handed his 540 full-time employees a combined $240 million after selling his family’s company, with the average worker walking away with around $443,000.Graham Walker, former CEO of Fibrebond Corp. in Minden, sold the electrical-equipment enclosure maker to power-management giant Eaton for $1.7 billion last year….
Gold prices climbed in futures trade on Friday as firm spot demand and fresh buying by speculators lifted sentiment in the bullion market.Retail gold rates across major Indian cities also recorded gains, with most markets witnessing an uptick in 22K, 24K and 18K prices.On the Multi Commodity Exchange (MCX), gold contracts for August delivery rose…
Air India has told employees that it does not anticipate layoffs despite mounting financial pressures linked to the Middle East conflict, while also directing teams to sharply reduce costs and suspend discretionary spending.During a townhall meeting on Friday, Air India chief human resources officer Ravindra Kumar GP assured staff that job cuts were not expected…
A rare and unsettling health situation has unfolded on a cruise ship travelling across the South Atlantic, pulling multiple countries into a coordinated alert. What began as a few cases of fever and respiratory illness among passengers has now escalated into confirmed hantavirus infections, suspected cases, and several deaths. The vessel, carrying fewer than 150…
According to probe findings, the gunmen allegedly followed Chandranath Rath’s Scorpio SUV before launching the attack. KOLKATA: Police stations in border districts of West Bengal intensified surveillance and searches as cops suspect the involvement of professional shooters from neighbouring states in the killing of BJP leader Suvendu Adhikari’s close aide Chandranath Rath, news agency PTI…
A localised cooling failure at an Amazon Web Services (AWS) data centre is claimed to have sparked disruption, crippling services for cryptocurrency exchange Coinbase and derivatives giant CME Group. According to a report by news agency Reuters, the issue, which AWS attributed to “increased temperatures” in the AWS Health Dashboard within a single data centre…
Domestic equity markets ended the week under pressure on Friday as renewed military actions near the Strait of Hormuz weighed on investor sentiment, dragging both benchmark indices lower.The BSE Sensex settled at 77,328.19, down 516.33 points or 0.66 per cent, while the Nifty 50 closed at 24,176.15, falling 150.50 points or 0.62 per cent. Nifty50…
NEW DELHI: A press conference held by Pakistan’s military on Thursday, marking the first anniversary of the 2025 India-Pakistan military confrontation, triggered sharp reactions online. Soon after India began its press conference, Pakistan also held a presser to mark the anniversary of what it termed as “Marka-e-haq”.However, reacting to India’s remarks, Pakistan army spokesperson Lt…
Cloudflare is cutting more than 1,100 jobs across the world, according to a memo sent to staff on May 7. The cybersecurity company said that the layoffs are part of a sweeping reorganisation to prepare for what it calls the agentic AI era. As reported by Business Insider, the layoff announcement was made by the…
Photo credit: X/@BJP4Keralam NEW DELHI: With the Congress-led LDF securing a majority and on course to form a government in Kerala after more than a decade, attention has now shifted to who will become the state’s next chief minister. Several names have reportedly been discussed, including key Kerala Congress leader V D Satheesan and Congress…