Brands
Reliance Capital acquires 6.83% equity stake in Saregama
BENGALURU: Anil Dhirubhai Ambani Group (ADAG) company Reliance Capital Limited (RCL) has acquired a 6.83 per cent equity stake totalling 11.88 lakh shares from the open market of Indian custodians of music – Saregama Limited (Saregama).
RCL has filed disclosures under Regulation 29 (1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 at the bourses today. Before the acquisition, RCL did not have any stake in the company.
Saregma has an equity share capital of Rs 17.40 crore for 1.74 crore shares of face value of Rs 10 each. At the time of writing of this report (29 December) the share closed at Rs 362.40 on the BSE, Re 1 lower (0.27 per cent down) from the previous close of Rs 364.40. The high for the day was Rs 388.10 and the low for the day was Rs 360.50. Over the past 52 weeks, the share had a high of Rs 509.00 and a low of Rs 116.00.
The share closed at Rs 362.90 down as compared to the previous close of Rs 363.55 on the NSE. The share had opened at Rs 370 today and had an intraday high of Rs 388.25 and an intraday low of Rs 360.00. The 52 week high on the NSE was Rs 509 on 10 August, 2015, and the 52 week low was Rs 114.95 on 27 March, 2015.
Brands
Oracle layoffs affect up to 30,000 employees globally
Job cuts span US, India and more, staff cite abrupt emails, uncertainty.
MUMBAI: April began with an inbox shock and for thousands, it ended with an exit. Oracle has carried out a sweeping round of layoffs, impacting an estimated 20,000 to 30,000 employees across its global operations, even as the company continues to report strong business performance. The job cuts were communicated via emails sent early on April 1, affecting staff across multiple regions including the United States, India, Canada and parts of Latin America. The reduction spans a wide range of roles and functions, though the company has not disclosed specific criteria behind the decisions.
In the days following the layoffs, employees have taken to platforms such as LinkedIn to share their experiences, many describing the process as abrupt and unsettling. Several posts pointed to a lack of prior indication, with notifications arriving suddenly in early-morning messages.
A recurring concern has been the impact on long-tenured staff. Users reported that employees with decades of experience were among those let go, raising broader questions about job security even for seasoned professionals within large technology firms.
The layoffs have also sparked anxiety about the wider direction of the sector. As companies continue to invest heavily in automation and artificial intelligence, workforce recalibration is becoming more common often accompanied by uncertainty around future roles and skills.
For many affected employees, the immediate challenge lies in navigating career transitions in an increasingly competitive job market, with posts reflecting concerns about stability and next steps.
The development comes against a backdrop of strong financial performance at Oracle, which recently reported a 22 percent year-on-year increase in revenue, alongside continued growth in its cloud infrastructure business. The company has also been committing significant capital towards artificial intelligence and data centre expansion.
The contrast between growth and job cuts has added to the unease, underscoring a broader shift in how large technology firms balance expansion with efficiency sometimes at the cost of the very workforce that helped build that growth.
