business news

Meta Platforms Inc., led by CEO Mark Zuckerberg, has revealed ambitious plans to invest at least $60 billion in artificial intelligence (AI) technology in 2025, aiming to solidify its position as a leader in the rapidly expanding field. This investment will include a massive new datacenter to power Meta's AI operations, with total capital expenditures expected to range from $60 billion to $65 billion for AI-related technologies.

Hayato Kawamura, a 38-year-old entrepreneur from Osaka, Japan, has become an inspiring figure in the world of real estate investment. His remarkable journey to financial success involves purchasing 200 run-down houses and transforming them into a profitable rental business, earning a staggering ₹8.2 crore in the process.

The Union finance ministry has officially notified the operationalization of the Unified Pension Scheme (UPS) for central government employees, which will begin from April 1, 2025. This new pension scheme, an option under the National Pension System (NPS), aims to provide guaranteed retirement benefits to federal employees.

In a remarkable ceremony held on the eve of Republic Day, several distinguished individuals across various fields were conferred prestigious Padma awards by the President of India. The honorees include a mix of luminaries from politics, entertainment, sports, music, and social work, whose outstanding contributions have left a significant mark on the nation.

Indian Oil Corp (IOC), India's largest refiner, has made a significant purchase of 7 million barrels of Middle Eastern and African crude oil as it adapts to ongoing disruptions in global oil supplies. The purchase comes in the wake of recent U.S. sanctions targeting Russian oil producers and tankers, which have affected India's ability to import Russian crude.

Amazon is reportedly laying off approximately 200 employees in its Fashion and Fitness group, which is part of its broader effort to expand its apparel and fashion categories in the United States. This round of job cuts affects employees in San Diego, according to a report from Business Insider, citing internal communication shared on a Slack channel.

Laurene Powell Jobs, the wife of late Apple co-founder Steve Jobs, fell ill while attending the Maha Kumbh in Prayagraj, Uttar Pradesh, on Tuesday. Powell Jobs, who arrived in the city on Monday after visiting the Kashi Vishwanath Temple in Varanasi, developed allergies on her second day at the event. However, despite her health setback, she expressed her intention to participate in the sacred ritual of taking a dip in the Ganga river.

A parliamentary panel in India is set to summon Meta, the parent company of Facebook, over a controversial statement made by its CEO, Mark Zuckerberg, regarding the 2024 Indian elections. The remarks, which were made in a podcast, suggested that the incumbent government in India lost the election due to its handling of the Covid-19 pandemic.

Delhi Chief Minister and Aam Aadmi Party (AAP) candidate from Kalkaji, Atishi, has launched a crowdfunding campaign to support her candidature for the upcoming Delhi Assembly elections. Addressing a press conference on Sunday, she appealed to the public to donate funds to help her raise ₹40 lakh, emphasizing the AAP's commitment to politics of integrity and public service.

Prayagraj, Uttar Pradesh – Laurene Powell Jobs, widely known as 'Kamala' in her spiritual circles, the widow of Apple co-founder Steve Jobs, has reached Prayagraj to take part in the Maha Kumbh Mela. A devoted follower of Swami Kailashnand Giri, the Acharya Mahamandleshwar of Niranjini Akhara, she arrived at the camp on Saturday night with a team of 40. She plans to stay at the Niranjini Akhara camp until January 15 and participate in spiritual activities, including a holy dip in the sacred Ganga.