Trump praises Japan’s new PM, Amazon’s record layoffs, and Mehli Mistry’s uncertain future at Tata Trusts

Donald Trump hails Japan alliance, offers PM Takaichi ‘anything you want’

President Donald Trump hailed the US’s alliance with Japan, reaffirming ties with a longstanding partner and praising new Prime

Minister Sanae Takaichi on her plans to ratchet up defence spending as the pair met in Tokyo. “I want to just let you know anytime you have any questions, any doubt, anything you want, any favours you need, anything I can do to help Japan, we will be there,” Trump said.

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Stock Crash: US, China trade deal hopes spurs risk assets but one group of stocks is sulking

The rising optimism of a trade deal between the US and China has sent risk assets soaring with indices on Wall Street hitting new records on Monday. However, a section on Wall Street is not very pleased with these developments and that shows in their stock price action.

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Amazon to announce its largest layoffs ever from Tuesday morning

Amazon is looking to announce job cuts from Tuesday, October 28. The layoffs are said to be the largest cuts to the company's corporate workforce ever, and will span almost every business, CNBC reported, citing a source.

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Mehli Mistry unlikely to be reappointed as trustee on Tata Trusts Board: Sources

The reappointment of Mehli Mistry as a trustee on the Tata Trusts board appears unlikely, with sources close to Tata Group told CNBC-TV18 that at least three trustees have voted against the move.

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Gold spot and futures prices fall below $4,000 for the first time after October 9 as profit booking continues

Gold prices fell below the mark of $4,000 an ounce in both the spot and futures market in early trading on Tuesday, October 28, as progress in US-China talks over a prospective deal spurred risk assets and continued to dampen demand for haven assets like the yellow metal.

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Tata Group stock gets third bullish call in five days with Motilal Oswal projecting 19% upside

Brokerage firm Motilal Oswal has upgraded shares of Tata Steel Ltd. on Tuesday, October 28, to "buy" from its earlier rating of "neutral". The brokerage has also revised its price target higher for the Tata Group stock to ₹210 from ₹180 earlier.

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Megasoft shares in 5% upper circuit for fifth day after ₹213 crore UK acquisition

Shares of Megasoft Ltd. are locked in a 5% upper circuit for the fifth straight session on Tuesday, October 28. The company informed the exchanges that its wholly owned subsidiary, Sigma Advanced Systems UK Ltd, has signed a share purchase agreement to acquire a 100% stake in Nasmyth Group Ltd, UK.

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Sovereign gold bond premature redemption today: This issue has delivered 166% returns in 5 years

Investors in the Sovereign Gold Bond (SGB) 2020-21 Series-I will receive ₹12,198 per gram on premature redemption due on October 28, 2025, according to data released by the Reserve Bank of India (RBI).

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Delhi to conduct cloud seeding trial today, says Minister Manjinder Sirsa

Delhi Environment Minister Manjinder Singh Sirsa said Tuesday the cloud seeding trial will be conducted in the capital on Tuesday (October 28) after the aircraft equipped to carry out the exercise arrives from Kanpur once visibility improves there.

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OpenAI offers 12 months of free ChatGPT Go access to all users in India

US-based artificial intelligence (AI) organisation OpenAI, on Tuesday, announced a new offer in India, providing 12 months of free access to ChatGPT Go. According to the company, the promotion will be available to users who sign up during a limited period starting November 4.

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MCX says trading delayed due to technical glitch, fresh update awaited

Multi Commodity Exchange of India (MCX) has withdrawn its earlier announced trading start time and said the commencement of trading remains delayed due to a technical issue.

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