Reserve Bank governor Shaktikanta Das on Friday reiterated his call for an outright ban on cryptocurrencies, saying these are “nothing but gambling” and their perceived “value is nothing but make-believe.'' To further its opposition to such currencies and also to take a lead over other central banks, the RBI recently launched its own digital currency (central bank digital currency), in the form of e–rupee on a pilot mode, first for the wholesale in late last October and a month later for retail customers.

E-commerce giant Amazon and business software maker Salesforce are the latest US technology companies to announce major job cuts as they prune payrolls that rapidly expanded during the pandemic lockdown.

Twitter's new billionaire owner Elon Musk has said that he will resign as the social media company's chief executive as soon as he finds "someone foolish enough to take the job".

Elon Musk sold another USD 3.58 billion worth of Tesla stock this week, but it wasn't clear where the proceeds were being spent.

Hewlett-Packard (HP) has said that more than 6,000 of its staff members might be laid off by the end of the fiscal year 2025 and cut down on its workforce globally by around 12 per cent.

The mass layoffs that began in Amazon's corporate ranks this week will extend into next year, CEO Andy Jassy said on Thursday.

Technology giant Amazon plans to lay off 10,000 people in the coming days, adding to the bloodbath being witnessed in the technology world after Twitter and Facebook parent Meta significantly trimmed their workforces.

Twitter's new owner and Tesla CEO Elon Musk has sold nearly USD 4 billion worth of Tesla shares, according to regulatory filings.