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Zuckerberg plans deep cuts for metaverse efforts
December 08, 2025
|Financial Express Mumbai
METAPLATFORMS'S MARK Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook.
Executives are considering potential budget cuts as high as 30% for the metaverse group next year, which includes the virtual worlds product Meta Horizon Worlds and its Quest virtual reality unit. Cuts that high would most likely include layoffs as early as January, though a final decision has not yet been made.
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Financial Express Mumbai
Exporters risk losing US summer orders as trade talks linger
INDIAN EXPORTERS OF products ranging from home decor to leather shoes are worried about missing the US summer shopping season if they are unable to lock in orders in January as trade deal talks drag on between India and the US.
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'Strongest natural diamond growth coming from India'
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3 mins
January 08, 2026
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Govt to rev up auto parts sector with ₹5K-cr push
Scheme to focus on export-oriented, high-value gear
2 mins
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Aditya Birla AMC sees 12% return from equities
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1 mins
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Analysts rule out tariff hike by telcos in Jan-Mar quarter
DESPITE EARLIER OPTIMISM around a near-term reset, analysts now do not expect a tariff hike in the January-March quarter, pushing the next round of telecom pricing intervention back by at least a quarter, if not longer.
1 mins
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Thyssenkrupp may sell Europe unit to Jindal Steel in phases
German giant's shares rise 5%
1 mins
January 08, 2026
Financial Express Mumbai
GDP pegged to grow at a faster clip of 7.4% in FY26
INDIA'S GROSS DOMESTIC product (GDP) is set to grow at 7.4% in the current financial year, in line with independent consensus estimate, the National Statistics Office (NSO) indicated on Wednesday, even as it projected economic expansion at 6.9% in the second half, slowing down from 8% in the first half.
3 mins
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GDP to grow at 7.4% in FY26: NSO
FROM THE FRONT PAGE
3 mins
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Warner Bros turns down revised Paramount bid
WARNER BROS DISCOVERY'S board has unanimously turned down Paramount Skydance’s latest attempt to acquire the studio, saying its revised $108.4 billion hostile bid amounted to a risky leveraged buyout that investors should reject.
1 min
January 08, 2026
Financial Express Mumbai
Indian Gas Exchange to launch IPO by Dec
INDIAN GAS EXCHANGE, the country's first online delivery-based trading platform for natural gas, is likely to launch an initial public offering (IPO) by
1 min
January 08, 2026
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