By Firstpost-Business
Economic Survey 2025–26 warns that while services exports have stabilised India’s external account, durable currency strength and long-term resilience will depend on manufacturing scale and structural reform
Peloton Interactive Inc., the long-struggling fitness technology company, slashed 11% of its workforce in a cost-cutting move, according to a person with knowledge of the matter.
Private equity firms Apax Funds and Advent International are pursuing a majority stake in Indian footwear company RedTape, valuing it at ₹4,500 crore-5,000 crore. The promoters, who hold 71.79%, may sell a significant portion of their shares.
Apple Inc. has lost at least four more of its artificial intelligence researchers in recent weeks in addition to a top Siri executive, with the staff headed to employers such as Meta Platforms Inc. and Google DeepMind.
