Author: Sreelatha M

Categories
Leaders

Disney to cut 1,000 jobs under new CEO

The Walt Disney Company has announced plans to cut around 1,000 jobs as part of a restructuring effort under its new CEO, Josh D’Amaro.

The decision comes just weeks after D’Amaro took over the top role, signalling a push to streamline operations and improve efficiency across the company. The layoffs are expected to affect multiple divisions, though specific departments have not been fully detailed.

In an internal memo to employees, D’Amaro said the move was necessary to align the company’s structure with its long-term goals. He acknowledged that the decision would be difficult but stressed that it was aimed at making Disney more focused and competitive in a rapidly changing entertainment industry.

The company has been facing growing pressure from shifts in consumer behaviour, particularly the move towards streaming platforms. Like many media giants, Disney has been trying to balance its traditional businesses, such as theme parks and television, with its expanding digital services.

This is not the first time Disney has undertaken job cuts in recent years. The company has been working to reduce costs and improve profitability, especially as competition in the streaming space continues to intensify.

Employees affected by the layoffs are expected to receive severance packages and support during the transition. The company has said it will handle the process carefully, keeping communication open with its workforce.

The announcement has raised concerns among employees, especially given the timing so soon after a leadership change. However, industry analysts say such steps are common when new leaders take charge, as they look to reshape organisations and set new priorities.

D’Amaro emphasised that despite the layoffs, Disney remains committed to investing in its core businesses, including content creation and experiences. He also highlighted the importance of innovation as the company adapts to evolving audience demands.

Also Read:Google brings AI search to Windows desktop

Categories
Technology

Google brings AI search to Windows desktop

Google has introduced a new desktop app for Windows users, making it easier to search the web and access information without opening a browser.

The app works on Windows 10 and newer versions and is currently available in English. It is designed to simplify how people search by bringing everything—web results, files, apps, and even cloud content—into one place.

One of its main features is “AI Mode,” which allows users to ask questions in a natural, conversational way. Instead of just showing a list of links, the app provides clear answers along with useful sources. This makes searching feel more like having a conversation than typing keywords.

Another useful feature is a quick shortcut. By pressing Alt + Space, users can instantly open the search bar and look for anything on their computer or online. This helps save time and reduces the need to switch between apps or browser tabs.

The app also includes tools like screen-based search and image recognition. Users can select something on their screen and ask questions about it, translate text, or identify images using built-in tools similar to Google Lens.

This launch is part of Google’s broader push to bring artificial intelligence into daily use. By placing AI tools directly on the desktop, the company is trying to make technology more helpful and less time-consuming.

For now, the app is limited to English, but more languages are expected in the future. With this move, Google is taking a step towards making search more personal, faster, and easier to use.

Also Read: Anthropic brings in Novartis CEO Narasimhan to board

 

Categories
Corporate

IBM settles US case over DEI practices

IBM has agreed to pay $17 million to settle a case brought by the U.S. Department of Justice over its diversity, equity and inclusion (DEI) practices.

The settlement resolves allegations that the company used hiring and promotion policies that considered factors such as race, gender, and national origin in ways that violated federal anti-discrimination rules tied to government contracts. The DOJ also claimed that some DEI-related programs and bonuses were linked to diversity targets.

IBM has denied any wrongdoing, and the settlement does not include an admission of liability. The company said it was pleased to resolve the matter and reiterated that its hiring approach is based on skills and business needs.

The case is part of a wider crackdown by U.S. authorities on corporate DEI programmes, particularly within companies that receive federal funding or work on government contracts. Officials have argued that such programmes must comply strictly with anti-discrimination laws.

As part of the resolution, IBM has agreed to pay the penalty and make changes to certain internal practices. The government said the case was handled under a civil rights enforcement initiative aimed at ensuring compliance with federal rules.

The settlement marks one of the more high-profile actions involving a major technology company and highlights growing legal and political scrutiny around DEI policies in corporate America.

While IBM maintains that it acted lawfully, the case underscores how companies are increasingly being required to reassess workplace diversity initiatives to align with evolving regulatory expectations.

Also Read: Microsoft to end Outlook Lite app

Categories
Corporate

Adani Green tops ESG rankings

Adani Green Energy Limited has emerged as the top-ranked Indian company on ESG (environmental, social, and governance) parameters, with a score of 87.3—the highest in the country.

The rating was given by CareEdge ESG Ratings Limited, which also assigned the company its top ‘ESG 1+’ grade. This reflects strong performance across areas like environmental impact, social responsibility, and corporate governance.

The company scored well for its efforts in managing climate risks, conserving water, reducing waste, and protecting biodiversity. It also stood out for maintaining transparency and strong internal systems to oversee operations.

ESG ratings have become increasingly important for investors, as they show how responsibly a company operates beyond just profits. A higher score often makes it easier for companies to attract global investment and access funding focused on sustainability.

For Adani Green, this recognition highlights its focus on clean energy and responsible growth. As one of India’s leading renewable energy companies, it has been expanding its projects while keeping sustainability at the centre of its strategy.

The achievement also reflects a broader shift towards more environmentally conscious business practices in India. Companies are now being evaluated not just on financial performance, but also on how they impact the environment and society.

Adani Green said the rating validates its long-term approach and ongoing efforts to build a sustainable business. The company has been working on improving efficiency, reducing environmental impact, and strengthening governance practices.

Also Read: Travel platform data breach exposes user details

Categories
Beyond

Travel platform data breach exposes user details

Booking.com has reported a data breach that may have exposed personal information of some of its customers, raising fresh concerns about online safety.

The company said it detected unauthorised access to part of its system, where booking-related data was stored. While the issue has now been controlled, some customer details may have been viewed by unknown individuals.

The information potentially exposed includes names, email addresses, phone numbers, and booking details. In some cases, messages exchanged between customers and hotels may also have been accessed. However, the company has clarified that financial information, such as credit card details, was not affected.

After identifying the problem, Booking.com took steps to secure its systems and began informing affected users. It also reset certain security details, such as reservation PINs, to prevent further misuse.

Users have been advised to stay alert, especially for suspicious emails or messages related to their bookings. Experts warn that attackers could use the leaked information to send phishing messages, pretending to be hotels or the platform itself, in an attempt to trick users.

The company has not shared how many customers were impacted, and investigations are still ongoing.

This incident highlights the growing risk of cyberattacks on online platforms that handle large amounts of personal data. For users, it serves as a reminder to be cautious while sharing information online and to verify any unexpected communication.

Also Read: Adani cargo shift plan draws US scrutiny

Categories
1 Minute-Read

Adani cargo shift plan draws US scrutiny

The United States has raised concerns over the Adani Group’s plan to shift cargo operations from Chhatrapati Shivaji Maharaj International Airport to the upcoming Navi Mumbai airport.

The decision is linked to planned upgrades at the Mumbai airport, which may reduce cargo capacity temporarily. However, US authorities say forcing airlines, including American carriers, to relocate could violate bilateral aviation agreements and limit operational freedom.

They have also flagged competition concerns, as Adani operates both airports. The company says the shift is temporary and aimed at managing capacity. Talks are ongoing.

Categories
Leaders

Zeeshan Bakhrani builds ₹1.3 cr venture after layoffs

Zeeshan Bakhrani, a former product manager, has turned a difficult phase in his career into a successful business journey. After being laid off twice, he decided to move away from the corporate world and focus on his passion for food, something that has now grown into a venture earning around ₹1.3 crore a month.

Based in New York, Bakhrani had been experimenting with food as a side hustle before his layoffs. What started as small pop-ups soon became a full-time business when he chose to take the risk and invest in his idea.

In 2025, he launched Nishaan, a restaurant that blends Pakistani and American flavours. His menu features unique dishes like Bihari-style tacos and fusion street food, offering something different from traditional options. This mix of cultures has helped him stand out in a competitive market.

The response has been strong. His monthly revenue has grown quickly, reaching close to ₹1.3 crore, showing that customers are connecting with both the concept and the flavours.

Bakhrani says the journey hasn’t been easy. He now works long hours, often spending most of his day managing the business. But unlike his previous jobs, he has full control over his work and decisions, which he finds more fulfilling.

Also Read: LIC board announces 1:1 bonus shares

Categories
Corporate

LIC board announces 1:1 bonus shares

Life Insurance Corporation of India (LIC) has announced its first-ever bonus share issue since it was listed on the stock market, offering a 1:1 bonus to its shareholders.

In simple terms, investors will receive one additional share for every share they currently hold, at no extra cost. The decision was approved by LIC’s board and is being seen as a move to reward its large base of shareholders.

The company is yet to announce the record date, which will decide which shareholders are eligible for the bonus shares. Once issued, the total number of shares held by investors will double, although the overall value of their investment will remain the same at the start.

This is the first time LIC has announced a bonus issue since its listing, making it a significant step for the company. It reflects confidence in its financial strength and future growth prospects.

The move is also expected to make LIC’s stock more accessible. With more shares available in the market, trading activity could increase, and smaller investors may find it easier to buy the stock.

Bonus issues are generally seen as a positive signal by the market, as they show that a company is comfortable with its reserves and willing to reward shareholders. It can also improve investor sentiment and attract more participation over time.

While the bonus shares do not immediately increase the value of an investor’s holdings, they can benefit shareholders in the long run if the company continues to perform well.

Also Read: ICICI Pru AMC profit at ₹763 cr in Q4

Categories
Beyond

Gold at ₹93,400, Silver near ₹2.5 lakh

Gold and silver prices in India saw a mild rise on April 14, with rates firming up ahead of the Akshaya Tritiya festival. The occasion, known for gold buying, is already boosting demand in markets across the country.

According to the latest retail rates, 24-carat gold is priced at around ₹93,300–₹93,400 per 10 grams, while 22-carat gold is trading between ₹85,500 and ₹85,700 per 10 grams in key cities like Delhi, Mumbai, Pune, and Kolkata. Silver prices are also holding strong, staying close to ₹2.5 lakh per kilogram.

The slight increase in prices is being seen across most major markets, although small variations exist due to local taxes and demand conditions. Overall, the trend remains steady with a gradual upward bias.

Experts say global factors are continuing to support gold prices. Economic uncertainties and movements in international currencies have kept gold attractive as a safe-haven investment. At the same time, domestic demand is picking up due to the upcoming festival and ongoing wedding season.

Silver is also witnessing consistent interest, supported not just by investment demand but also by its industrial uses.

Also Read: RBI proposes kill switch, delays for UPI payments

Categories
Beyond

RBI proposes kill switch, delays for UPI payments

The Reserve Bank of India (RBI) has proposed new measures to reduce digital payment fraud, including a “kill switch” and a short delay for higher-value transactions.

Under the plan, payments above ₹10,000 made via UPI, IMPS, NEFT, RTGS, wallets, and net banking could be delayed by up to one hour. This cooling period would allow banks or users to detect suspicious activity and stop fraudulent transfers before they are completed.

The RBI has also suggested a “kill switch” feature that would let customers instantly disable all digital payment services linked to their bank account. This would block transactions across cards, UPI, and internet banking until reactivated through strict verification.

The measures aim to address rising cases of online fraud, especially scams where users are tricked into authorising payments themselves. The central bank says the speed of digital transactions, while convenient, has made it harder to prevent fraud in real time.

The proposals are part of wider efforts to strengthen safeguards across India’s fast-growing digital payments ecosystem while balancing speed with security.

Also Read: Musk post reignites debate on COVID vaccine safety