Leading chipmakers Nvidia, AMD, and Broadcom are adopting big tech's strategy of offering substantial, multi-year stock-based compensation packages to retain employees. These "golden handcuffs" are proving effective, with employee retention rates soaring amid the AI boom and significant growth in equity valuations.
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Banks in Bihar and Jharkhand are closed on October 28 for Chhath Puja, while other regions remain open. Online banking and digital platforms are still accessible for transactions. Additionally, banks in Gujarat will be closed on October 31 for Sardar Vallabhbhai Patel's birth anniversary.
Mohsin Naqvi, at the center of the Asia Cup controversy, was again in the spotlight congratulating Pakistan's T20I series win over South Africa. He met players, sharing a warm embrace with captain Babar Azam. This follows Pakistan's 2-1 series victory, with standout performances from Shaheen Afridi and Babar Azam leading the charge.
Cricket legend Sachin Tendulkar lauded Rohan Bopanna's inspiring career as the Indian tennis star officially retired after over two decades. Bopanna, who achieved remarkable milestones including becoming the oldest Grand Slam winner and World No. 1, expressed his pride in representing India. He remains committed to developing the sport through his academy and UTR Tennis Pro.
Amazon is slashing approximately 14,000 corporate jobs, citing a need for leaner operations and faster innovation driven by AI. Senior Vice President Beth Galetti announced the cuts, emphasizing a shift towards fewer layers and increased ownership to better serve customers. This move aims to streamline the company and invest in key strategic areas.
Electric vehicle adoption in India is accelerating, with sales nearly doubling in the first half of FY26 compared to the previous year. EVs now represent around 5% of total passenger vehicle sales, up from 2.6%. Major players like JSW MG Motor and Tata Motors are leading this surge, with luxury brands also reporting significant growth in their green car offerings.
Two officials are suspended following an incident where five children received HIV-positive blood. The Jharkhand Chief Minister announced financial aid and free treatment for the affected children. A probe panel will investigate the matter and suggest reforms. The High Court has also ordered an investigation into the serious lapse at Chaibasa Sadar Hospital.
The FBI's investigation into illicit gambling and poker activities has intensified, leading to the arrest of NBA players Terry Rozier and former player Chauncey Billups. Hall of Famer Kevin Garnett is also reportedly linked to private poker games investigated by the FBI, though he has not been charged with any wrongdoing.
Devoted Texas Longhorns fan Scott Wilson, 74, passed away Friday. An Austin lawyer and proud UT alum, Wilson was hospitalized in Florida after a medical emergency while traveling to a game. He hadn't missed a Texas baseball game in over 25 years and was planning to attend his 595th consecutive football game.
Pakistan has admitted to a US drone agreement during Pakistan-Afghanistan peace talks, causing Afghan negotiators to demand written guarantees against drone use in their airspace. The talks collapsed as Pakistan blamed Kabul for refusing to act against militants, with Islamabad vowing to protect its people from terrorism.
The US Supreme Court has ended a decade-long legal fight, allowing H-4 visa holders, primarily spouses of H-1B workers, to continue working. This decision upholds employment authorization for those facing green card backlogs.