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Time of India
a day ago
- Time of India
₹1.5 lakh for dusky, ₹5 lakh for fair: Ghaziabad police bust 'baby traders' selling kidnapped kids to childless couples
Ghaziabad police have busted a child trafficking network involving a nurse, an ASHA worker, and two women who operated marriage bureaus. The gang allegedly kidnapped children and sold them to childless couples across Uttar Pradesh , charging between ₹1.5 lakh to ₹5 lakh per child, depending on gender and complexion. According to ACP Siddharth Gautam, as quoted by TOI, the racket had links in Delhi, Bijnor, Moradabad, Roorkee, Amroha, and possibly even Jammu & Kashmir and Nepal. The accused allegedly took random photos of children playing outside homes and circulated them on WhatsApp groups. Swati alias Shaista, 35, who ran Pari Marriage Bureau in Moradabad, and Sandhya Chauhan, 37, who ran Subharti Marriage Bureau in Muzaffarnagar, reached out to interested couples using these images. Prices were discussed based on the child's appearance and gender. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Rescue operation leads to breakthrough in case The racket came to light after Rashid, a local resident, reported his one-year-old son missing. The child was last seen playing outside their home. Police reviewed CCTV footage from nearby transport hubs, identifying a suspect carrying the boy. The investigation led them to a house in Loni, where the child was rescued on Thursday according to a report by TOI. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like With temperatures hitting 95°F, this is the mini air conditioner everyone's buying in the U.S News of the Discovery Undo Further inquiry revealed that an initial deal was struck with a couple from Moradabad for ₹2.5 lakh, but when they backed out, another couple from Amroha agreed to pay ₹1.5 lakh. The boy was briefly kept at the Loni house before police intervened. Four suspects arrested, more charges likely Live Events Police arrested four individuals: Swati alias Shaista, Sandhya Chauhan, Afsar, 28, a meat shop owner from Tronica City, and Naved, 19, a daily wage worker. Afsar reportedly tipped off Naved about the unattended child, stating he was promised a commission. He claimed financial distress during the month of Sawan led him to cooperate. Medical staff also involved in trafficking The network also included Nurse Ranjhana alias Reeta from Moradabad and ASHA worker Deepak Singh. They allegedly identified babies born to women with unwanted pregnancies, especially from economically weaker backgrounds. According to initial findings, Reeta had been part of the gang for over two years. She is accused of misleading mothers by claiming their babies were stillborn and handing them over to the traffickers. FIR filed Police recovered incriminating chat records from the phones of the accused women, including conversations with Reeta and Deepak discussing prices and potential buyers. An FIR has been registered under Section 143(4) (trafficking) of the Bharatiya Nyaya Sanhita (BNS) at Tronica City police station. 'We plan to add more charges as the investigation progresses,' a police officer told TOI.
Time of India
2 days ago
- Business
- Time of India
Microsoft layoffs mount as it cuts 40 jobs - 3,160 fired in Washington since May, employees call it a cultural crisis
Microsoft layoffs Washington 2025 : Microsoft has cut another 40 jobs in Washington state, bringing the total number of layoffs in its headquarters' state to 3,160 this year, as per a report. The latest cuts, disclosed Monday in a state filing, are part of ongoing workforce reductions even as the company reports record profits and massive investments in artificial intelligence, according to The Seattle Times report. Are Microsoft's August 2025 Layoffs Part of a Larger Workforce Restructuring? Monday's layoffs were small compared to the company's other major job cuts announced in May and July, totaling more than 15,000 employees globally, as per the report. Microsoft had revealed in May that it was laying off over 6,000 workers and made another announcement in July for an additional 9,000 employees, as reported by The Seattle Times. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program However, the firm confirmed that the latest layoffs are separate from the previous cuts, but the company declined to provide details about the teams, roles, or regions impacted, as reported by Geekwire. A Microsoft spokesperson said in an emailed statement to The Seattle Times that, 'Organizational and workforce changes are a necessary and regular part of managing our business,' adding, 'We will continue to prioritize and invest in strategic growth areas for our future and in support of our customers and partners,' as quoted in the report. ALSO READ: Intel stock falls after Donald Trump calls for CEO Lip-Bu Tan to resign over China ties Live Events What Support Is Microsoft Offering to Laid-Off Employees? While the firm said that it is giving severance packages and outplacement services to affected workers, along with career counseling and job search support, according to Geekwire. Microsoft also highlighted that some laid-off employees have transitioned to other roles within the company, as per the report. Microsoft's $88 Billion AI Investment: Is It Leading to Job Losses? Despite continuing one of the largest layoffs in Microsoft's history, the tech giant has reported record quarterly revenues and profits, with Microsoft's fiscal year earnings stunning Wall Street, especially for its cloud and AI business, as reported by The Seattle Times. Microsoft had briefly even surpassed a $4 trillion market value after the strong earnings report last week, becoming only the second company to reach that mark, but then its stock closed Monday up 2.2%, at a market value of $3.98 trillion, as per The Seattle Times report. The company revealed last week that it invested $88 billion over the past year to create its AI infrastructure and plans to spend another $30 billion in the third quarter, according to the report. These increasing capital expenditures have put pressure to cut operating costs via workforce reductions, as reported by Geekwire. ALSO READ: Eli Lilly Q2 earnings beat expectations on Mounjaro, Zepbound sales, stock falls after obesity drug trial miss Microsoft Layoffs Spark Cultural Shift Concerns Among Employees While the ongoing layoffs have caused widespread tension inside Microsoft's workplace culture, with some employees expressing concern about job insecurity and what some see as an erosion of the more compassionate environment under CEO Satya Nadella, according to the Geekwire report. What Satya Nadella Said About Layoffs and Growth Even Nadella had addressed this 'incongruence' in a memo to employees last month, saying, 'This is the enigma of success in an industry that has no franchise value,' adding, 'Progress isn't linear. It's dynamic, sometimes dissonant, and always demanding,' as quoted in The Seattle Times report. ALSO READ: Is Google's AI revolution a threat to website traffic for digital publishers? Here are strategies to stay ahead Is Microsoft Still Hiring While Laying Off Staff? However, even after the waves of layoffs in the company, Microsoft's headcount has remained steady, as Nadella said that the firm prioritises hiring in other parts of its business, as per the report. Microsoft said that it had 228,000 employees at the end of June this year, which is the same number that it reported last year, according to The Seattle Times report. ALSO READ: As the July jobs report paints a grim picture, 114 companies plan layoffs in August - is yours on the list? FAQs Why is Microsoft laying off employees while making record profits? Despite strong earnings, Microsoft is shifting resources toward AI and cloud infrastructure, which has led to workforce reductions in other areas to manage costs, as per the Geekwire report. Is Microsoft offering support to laid-off employees? Yes. The company says it's offering severance, outplacement services, career counseling, and some internal reassignments, as per the Geekwire report.
Time of India
3 days ago
- Business
- Time of India
How should investors deal with tariff threats and tepid earnings? Samir Arora answers
Samir Arora , Founder, Helios Capital , addresses investor concerns regarding US-India trade tensions , emphasizing the importance of avoiding overreactions to short-term issues. He suggested that if trade disputes are resolved quickly, excessive bearishness would be unwarranted. Arora also advised adjusting portfolios to account for tepid earnings growth and diversifying away from underperforming sectors, advocating for a mix of growth and established stocks. We do not know which way the tariff deal with India is going to head and only time will tell. But till then, what do you do? Samir Arora: There has to be a measured bet here whether this is going to be long-term. If this is going to last only a few months and then a deal is done like it has been done with Japan, with the EU, and maybe one or two others where it started with an aggressive number from Mr Trump, then all this effort of being bearish would not be worth it. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mountain Gear for Extreme Conditions Trek Kit India Learn More Undo Second is that although India may have to figure out if these things really last, then what are the new friendship circles? , From a stock market point of view or from an economic point of view, there might be micro issues on some stocks here or there, but at a macro level, how can it matter so much if the entire Indian exports to the US are about 2-2.5%. Now, unless this expands to services, unless something happens which threatens the rest of the market and economy, there should not be too much reaction. Yesterday Switzerland reacted to a 39% tariff by closing down 15 basis points. Today India can react by being down 0.4%. So, we have suitably reacted. That is the thing, we are down half a percent, 120 points on Nifty futures today, but the fact is that we have had a rough July. We have lost almost 900 points on the index and there has been consistent FII selling. Have the markets adjusted to the worst? Samir Arora: For this month, yes. But from February 1, we have got inflows and this month the initial selling could not be attributed to US-India issues. It was related to the fact that we may have had poor results in IT and maybe in some large consumer companies here or there and even the banks did not really do so well. So that is more to do with us. If you want to consider the US-India impact, that may be the last few percent, maybe 2% or something. As an investor, what do you do? It is such an unknown black hole that you are staring at. You do not know which way this situation is going to pan out. More importantly, for how long does this stretch? With Trump, even the deadlines get pushed back like anything. Samir Arora: Exactly. See, you do not react. I think you missed my main tweet. Over the last 30 years I have seen plague in Surat, the Asian crisis,Russian crisis, the global financial crisis as well as the 911 attack on parliament. In that context, this looks relatively less harmful. It is harmful, but not to any extent to which you can react in a significant way. Live Events You Might Also Like: Post this earning season, Pankaj Murarka is avoiding these sectors. Here's why Also one or two textile apparel exporters are down. Now what to do? But other than these one or two, if somebody has in a portfolio 3%, 4%, 2% that you have to wait and hope that this also works itself out because in the end these rates will not last. Otherwise you move on. Move on means you do not have to buy today if you do not want to. But generally, it is okay. What do you do as an investor? You can only work with the knowns. So, let us talk about earnings. We have not seen any big upgrades coming in. There has been softness or neutrality on the earnings front barring a few odd good earnings here or there. How do you deal with that and how do you readjust your portfolios to that? Samir Arora: You deal with that by not having so much of your portfolio and stocks that have been lacklustre and you buy some of these 100% growth guys; not all of them, but 10-20% in that and you have to have a mix of stocks because the issue is that if you look at the large three pools, then the IT pool is not doing well or growing maybe 5% or less and the consumer guys will grow 5% to 8-9-10% and the financials will grow 8-10% to 15%. So, as of now, no one is pulling up the whole group as in the aggregate numbers but plus-minus two-three quarters that should be okay. In the meantime, you lower your expectations and hope to make 10% annualised because earnings growth on aggregate is plus-minus 10%. But be confident of the fact that over time India will get some more flows than they have recently because there is a clear trend of diversification away from the US. Looking at different indices, there is the all country world index and then the regular MSEI world. Basically US weight in those is very high and for the first time in many years, we can see it in world ex-US ETFs and in emerging markets and also that the flows are going out or that US exposure is becoming a little less maybe with new money or old money going out. Plus the fact that after many years, the world ex-US is outperforming US and you can see it in the fact that people are worried about currency and the fact that they are hiding in gold and then they are reading books like the one written by Ray Dalio on what happens when countries go broke and basically he is talking about the US. You Might Also Like: Take it one day at a time; not very bullish or very bearish at this point in time: Mihir Vora So, for whatever reason, there will be slight diversification or a lot of diversification away from the US and even a small diversification will help the ex-US world because that world is much smaller than US and in that we also have valid claim to get some flows plus-minus a few months here or there, and which we are already getting. From February 1, we have positive flows. You Might Also Like: We have added 2E Networks in July, exited UPL; prefer HDFC and Axis among private banks: Pramod Amthe
Time of India
3 days ago
- Business
- Time of India
Dollar drifts as investors await Fed governor replacement
SINGAPORE: The dollar was rangebound on Wednesday, with investors choosing to stay on the sidelines ahead of U.S. President Donald Trump's pick to fill a coming vacancy on the Federal Reserve 's Board of Governors. Trump said on Tuesday he will decide on a nominee by the end of the week and had separately narrowed the possible replacements for Fed Chair Jerome Powell to a short list of four. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: Unsold Sofas at Bargain Prices (Prices May Surprise You) Sofas | Search Ads Search Now Undo Data out the same day also showed the U.S. services sector activity unexpectedly flatlined in July even as input costs climbed by the most in nearly three years, underscoring the hit from Trump's tariffs on the economy, which has also begun to bite corporate earnings. Still, those did little to sway the dollar, as traders were hesitant to take on fresh positions ahead of news on who would fill the Fed board vacancy. Concerns are mounting that partisan loyalty would invade the staid world of central bank policy. The dollar was last little changed at 147.54 yen, while the euro ticked up 0.02% to $1.5760. Sterling last bought $1.3304. Live Events Moves in currencies overnight had been muted. "I still think that between now and the end of the week, if Trump is going to make an announcement about who he wants to fill the vacant board seat, depending on... how credible (the markets) view that candidate to be, I think that has the potential to prompt some reaction across everything," said Ray Attrill, head of FX research at National Australia Bank (NAB). "For me, that' the biggest swing factor for the next sort of 48 hours or so." While moves in the dollar have been more subdued this week, the currency has yet to recover from its steep losses on Friday, when it clocked its largest one-day percentage fall in nearly four months following an alarming jobs report. Against a basket of currencies, the dollar was last at 98.76 , still some distance away from its peak of 100.25 hit on Friday before the nonfarm payrolls figures. Traders continue to price in an over 90% chance of a Fed cut in September, with about 58 basis points worth of easing expected by the year-end. But data such as Tuesday's services ISM report underscore the fine line the Fed has to tread, as policymakers weigh rising price pressures from Trump's tariffs against signs of a weakening U.S. economy. "The services ISM has obviously got that kind of stagflationary whiff about it... that's obviously a bit of a two-edged sword in terms of what does that mean for policy," said NAB's Attrill. "At the moment, I think we're sort of of the view that maybe there's a bit too much confidence in the market about the certainty of a September move." In other currencies, the Australian dollar rose 0.15% to $0.6479, while the New Zealand dollar gained 0.23% to $0.5914. New Zealand's jobless rate rose slightly in the second quarter as the labour market remained soft, data on Wednesday showed, supporting the view that the central bank will proceed with a flagged 25 basis-point interest cut at its August policy meeting.
Time of India
4 days ago
- Politics
- Time of India
Restoration of Jammu & Kashmir statehood not a concession but essential course correction: Omar Abdullah writes to chiefs of parties
Chief Minister Omar Abdullah on Tuesday wrote to the presidents of over 40 political parties seeking their support for the restoration of statehood to Jammu and Kashmir, saying it "must not be viewed as a concession, but as an essential course correction". According to officials, Abdullah, in his two-page letter, called for bringing a legislation for the restoration of statehood to Jammu and Kashmir during the current Parliament session. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program The chief minister's appeal comes nine months after his government's unanimous resolution calling for immediate statehood restoration, which, he says, was personally handed to the Prime Minister with an assurance of progress. It also comes on the sixth anniversary of the revocation of the special status of Jammu and Kashmir and its bifurcation into two Union Territories -- Ladakh, and Jammu and Kashmir. "Restoration must not be viewed as a concession, but as an essential course correction -- one that prevents us from sliding down a dangerous and slippery slope where the statehood of our constituent states is no longer regarded as a foundational and sacred constitutional right but reduced instead to a discretionary favour bestowed at the will of the central government," the letter said.
