Business Brief:Tech companies lay off 1 lakh employees this year; foreign investors invest ₹14,610 crore in October

Here’s a brief outlook on today’s key events and a recap of major business news headlines on Sunday. Before yesterday’s big news, today’s headlines to watch… Now read yesterday’s big news… 1. Tech companies lay off 1 lakh employees this year: Including major companies like TCS, Amazon and Microsoft; AI became the reason for layoffs Major tech companies worldwide are conducting large-scale layoffs in 2025. According to the Layoffs.fyi website, 218 companies have laid off more than 1,12,000 employees so far this year. Large tech companies like TCS, Microsoft, and Amazon are leading in layoffs. Companies say these layoffs are happening due to AI technology, slow economy, and cost-cutting measures. 2. Foreign investors invested ₹14,610 crore in October: Had sold ₹76,575 crore worth of investment in 3 months Foreign Portfolio Investors (FPI) invested ₹14,610 crore in the Indian stock market in October. Before this, FPIs had withdrawn money from the market for three consecutive months. According to reports, FPIs have started buying due to India’s strong economy and positive changes in the global market. 3. Stock market expected to rise this week: Will Sensex-Nifty reach all-time high, 5 factors that will determine market movement The stock market is expected to rise in the week starting November 3. Second quarter results, global market signals, foreign investor buying and selling, and technical factors will determine market movement. Last week, markets broke a four-week winning streak, closing with a slight decline amid profit booking and mixed global signals. 4. Union Bank car loan starts from 7.90%: SBI also cuts interest rates, pay attention to loan tenure while taking loan Car sales in the country have increased after the GST rate cut. Initial estimates from the auto industry indicate that 4,70,000 cars were sold in the country in October. This is 17% more compared to October 2024. 5. Reliance’s value increased by ₹47,431 crore this week: Market cap of 4 companies in top-10 increased by ₹95,447 crore Based on market valuation, 4 out of the country’s 10 largest companies saw their value increase by ₹95,447 crore in this week’s trading. During this period, the country’s largest private sector company Reliance Industries remained the top gainer. The company’s market cap increased by ₹47,431 crore to reach ₹20.12 lakh crore. Meanwhile, the largest public sector bank SBI’s market cap increased by ₹30,092 crore during this period to reach ₹8.65 lakh crore.