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A smart-glasses engineering workspace reflects Magic Leap’s 269 planned job cuts as the augmented reality pioneer exits first-party devices and pivots towards supplying waveguides and optical technology for artificial intelligence glasses. Representative image.

Magic Leap layoffs rise to 269 as augmented reality pioneer abandons first-party devices

Representative image showing large-scale iron ore mining operations, reflecting investor focus on Rio Tinto plc’s capital intensity, iron ore margins, and balance-sheet pressures following its 2025 results and share price decline.

Fortescue (ASX: FMG) shares fall as $525m Iron Bridge impairment overshadows record shipments

CBIZ to be taken private by Grant Thornton in largest US accounting M&A in 25+ years

Saudi Arabia unveils 14-country maritime coalition to protect Red Sea shipping

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General business news

PTC India Financial Services reports 34% profit surge in Q3FY25 amid strong loan growth

PTC India Financial Services Limited (PFS), a leading financial services provider in infrastructure lending, has reported a 34%…

byPallavi Madhiraju

January 29, 2025

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General business news

PTC India Financial Services Q1FY24 profits reach Rs 36.7cr

PTC India Financial Services, a non-banking finance company backed by PTC India Limited, has unveiled its financial performance…

byPallavi Madhiraju

July 31, 2023

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Energy Industry News

Tata Power JV firm Resurgent Power to acquire NRSS XXXVI transmission project

Tata Power said that Resurgent Power Ventures, its Singapore-based joint venture (JV) with an investor group, has been…

byPallavi Madhiraju

November 14, 2021

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