For the best experience, use the Insights app.
Get the appGet
BusinessPorsche plans to reduce its workforce by about 9,000 jobs, cutting 25% to 30% of employees by 2030 due to declining sales in China and a strategic shift towards electric vehicles. The company aims to increase profit margins by producing fewer but more expensive cars, with management positions facing a 40% reduction and car prices expected to rise by 20%.
Mint Companies·
EntertainmentThe Central Board of Film Certification has cleared director Nelson Dilipkumar’s action film 'Jailer 2', starring Rajinikanth, with a U/A certificate. Produced by Sun Pictures, the film's trailer features actor Suraj Venjaramoodu and hints at a mysterious antagonist. The certification allows the eagerly awaited movie to release soon, exciting fans.
News18 Movies·
BusinessWall Street closed lower as US 30-year Treasury yields reached a 24-year high, raising inflation and debt concerns. The S&P 500 and Dow ended their four-day winning streaks, while the Nasdaq saw its first decline in six days. Rising oil prices due to Iran war fears have fueled inflation worries and a potential prolonged rate hike cycle, causing a global bond selloff.
Mint Markets·
PoliticsRahul Gandhi has urged Congress leaders to adopt creative and eye-catching protest strategies to generate social media buzz. He highlighted the importance of unexpected actions, citing recent successful demonstrations involving barricade climbing and sit-ins. These innovative methods aim to engage younger audiences and enhance the party's outreach efforts. Congress members are preparing for more surprising tactics in future protests.
Economic Times·
HealthIn Palshi village, Latur district, Maharashtra, 60-year-old farmer Jeevan Gavhane committed suicide by hanging himself from a tree in his field. His family claims he was burdened by about ₹1.90 lakh debt due to crop failure, including ₹90,000 from a private bank and ₹1 lakh from a moneylender. Police are investigating the exact cause amid severe drought affecting 80% of western Maharashtra's tehsils.
Amar Ujala··Latur
BusinessRanjit Mathrani, owner of Veeraswamy, the UK's oldest Indian restaurant, is legally contesting the Crown Estate's refusal to renew his lease. He claims the decision undervalues Indian culinary traditions compared to European cuisine. The restaurant, known for its historical significance and notable Indian patrons, faces lease issues the Crown Estate attributes to structural concerns, denying any culinary bias.
TOI World·
Mint Companies·
Porsche plans to reduce its workforce by about 9,000 jobs, cutting 25% to 30% of employees by 2030 due to declining sales in China and a strategic shift towards electric vehicles. The company aims to increase profit margins by producing fewer but more expensive cars, with management positions facing a 40% reduction and car prices expected to rise by 20%.
Tip: use ↑ / ↓ (or j / k) to move between stories.
