Google CEO Sundar Pichai has announced a 10% reduction in managerial roles, including directors and VPs, as part of efforts to enhance efficiency amid rising AI competition. The decision, revealed during an all-hands meeting, marks another step in Google's restructuring strategy that began in 2022. While some managerial roles transitioned to individual contributor positions, others were eliminated. Google faces mounting challenges from rivals like OpenAI threatening its search market dominance. Over the past two years, Google has streamlined operations, including a massive layoff in 2023 that impacted 12,000 employees globally.

India’s stock markets witnessed a sharp decline as global sell-offs deepened following the US Federal Reserve's cautious rate cut stance. The Sensex plummeted 1,153 points to 79,029.03, while the Nifty dropped over 200 points, closing at 23,966.25. The Fed's 0.25% rate cut, paired with signals of limited future reductions, triggered investor concerns. A record-low rupee, weaker bond yields, and FPI outflows of ₹1,317 crore added to the turmoil. Experts pointed to 23,900 as a critical support level for the Nifty. While volatility remains high, analysts advised avoiding panic selling and focusing on fundamentally strong stocks to navigate the market turbulence.

The Indian rupee plunged to an all-time low of ₹85 against the US dollar on Thursday, following a 25 bps rate cut by the US Federal Reserve and a cautious outlook for 2025. The decline marks the fastest depreciation pace in years, with the rupee sliding from ₹84 to ₹85 in just two months. Weak capital inflows, a widening trade deficit, and slowing domestic growth have compounded the pressure. Other Asian currencies, including the Korean won and Malaysian ringgit, also weakened by 0.8%-1.2%. Analysts expect the rupee’s volatility to persist in 2025 despite RBI interventions.

India's stock market witnessed a sharp decline on Friday as the BSE Sensex plunged 1,079 points to 80,210, and the NSE Nifty fell 330 points to 24,218. Metal stocks led the slump, with Tata Steel and JSW Steel among major losers, alongside IndusInd Bank and Reliance Industries. Foreign Institutional Investors (FIIs) sold ₹3,560 crore worth of equities on Thursday, further weakening market sentiment. While global market trends and fund outflows weighed on indices, select stocks like Bharti Airtel and Hindustan Unilever bucked the trend, registering gains. Analysts cite global uncertainties and weak demand as key factors behind the crash.

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has maintained the key repo rate at 6.5%, prioritizing inflation control. RBI Governor Shaktikanta Das announced the decision, backed by a 4-2 majority, emphasizing a neutral stance to ensure inflation aligns with the target. The standing deposit facility (SDF) remains at 6.25%, while the marginal standing facility (MSF) and bank rate stand at 6.75%. The cash reserve ratio (CRR) remains at 4.5%, mandating banks to hold reserves with the RBI. Das reiterated the MPC’s commitment to tackling inflation sustainably for long-term economic stability.

The Sensex soared 1,000+ points to 81,937.20, with Nifty50 nearing 24,800 on Thursday afternoon, reflecting robust market optimism. Wall Street gains, fueled by US Federal Reserve Chair Jerome Powell's positive economic remarks, boosted global sentiment. Foreign Institutional Investors contributed ₹1,798 crore to Indian markets, spurring large-cap stocks. Anticipation of RBI's dovish policy stance further lifted investor confidence, with PSU banks and IT stocks leading the rally. Analysts, however, caution against overstretched valuations. Sustained FII inflows and stable macroeconomic conditions could propel further gains. Investors await the RBI's policy decision and key US economic data for future cues.

Bitcoin's value soared past $100,000 for the first time, fueled by optimism surrounding US President-elect Donald Trump's crypto-friendly stance. Trump pledged to make the US the "bitcoin and cryptocurrency capital of the world," nominating Paul Atkins, a pro-crypto figure, to lead the SEC. Bitcoin's value has surged 45% since Trump’s election victory and doubled this year. Prominent figures like Elon Musk praised the move, highlighting its impact on institutional adoption. Trump's plans include a crypto advisory council and a "strategic reserve" of bitcoin, signaling a paradigm shift towards mainstream financial acceptance of digital assets.

IndiGo has filed a trademark infringement suit against Mahindra Electric for using '6E' in its upcoming BE 6E electric car. The airline claims the term is central to its branding and passenger services, including 6E Prime and 6E Flex. Mahindra, however, argues that its mark "BE 6e" is distinct and unrelated to aviation. The Delhi High Court will hear the case on December 9. Mahindra plans to launch the BE 6E in February 2025 and is in discussions with IndiGo to resolve the dispute amicably. Both companies emphasize their commitment to protecting their respective brand identities.

Manish Tiwari, founder of Here and Now 365, was honored as British Indian of the Year 2024 at the Viksit Bharat Investment Summit. Reflecting on the achievements of Indian migrants, he stated, “Indian migrants are transforming the UK’s cultural and business landscape. Together, we can build ecosystems that are not only profitable but also deeply purposeful.” The summit, hosted by the Indo-European Business Forum (IEBF), brought together European ambassadors, diplomats, business leaders, and Indian officials to explore opportunities in trade and innovation. Speaking at the event, IEBF founder Vijay Goel said, “In the world of trade, no partnership is soaring faster than the European-Indian collaboration.” Under Manish Tiwari’s leadership, Here and Now 365 has emerged as the UK’s largest multicultural advertising consultancy, designing campaigns that resonate with diverse ethnic communities. The organization exemplifies the potential of cross-cultural collaboration, fostering inclusivity and understanding. Prominent figures attending included Karnataka Labour Minister Santosh Lad, Baroness Sandip Verma, and Paul Scully. The event highlighted the pivotal role of Indian talent in shaping global business landscapes, fostering innovation, and building strong economic ties between India and the UK.

Gautam Adani, Chairman of the Adani Group, has denied US allegations of paying over $250 million in bribes to Indian officials for solar energy contracts. Speaking at the 51st Gem and Jewellery Awards in Jaipur, Adani declared, “Every attack makes us stronger.” He reaffirmed the group's commitment to regulatory compliance and dismissed the claims as “baseless.” US prosecutors also accused Adani executives of misleading investors about anti-bribery practices. The allegations have sparked political uproar in India, with opposition demanding a probe. The Indian government clarified the issue involves private entities and the US Department of Justice, with no prior notification.