Amazon has cut fewer than 1,000 white-collar jobs, mainly in its Stores business, according to Reuters. The latest layoffs affected employees in the US, India and the UK and came as the company held its Prime Big Deal Days shopping event. Amazon confirmed the job cuts but did not reveal the exact number of employees affected. The Stores unit manages Amazon’s main e-commerce website and several related operations. The latest reductions follow Amazon’s earlier plan to eliminate around 30,000 corporate positions. The company has been reducing its workforce after expanding significantly during the Covid-19 pandemic, when online shopping demand surged. (PC: News18)

London-based Advertising and media agency Here&Now365 has teamed up with The Earthshot Prize, the global environmental award founded by Prince William, for a media campaign across the UK, the US and India this autumn. For the first time, Earthshot Finalists are appearing on television and outdoor media in all three countries. Their work can be seen on the London Underground, at Piccadilly Circus and in Times Square, and on NDTV, Aaj Tak, SET UK and B4U Music. Launched in 2020, the Prize is built on a simple idea: optimism, not despair, is what moves people to act. Each year it shortlists fifteen solutions across five challenges, and backs five winners with £1 million each to scale solutions that already work. The 2026 Summit and Awards will be held in Mumbai this November. India is home to more Earthshot Finalists than any other country.  Here&Now365 says diversity and community sit at the heart of its storytelling. The campaign is aimed in particular at Indian diaspora audiences, with stories of climate progress and innovation. Founder and Chairman Manish Tiwari has also written a blog for the Prize website, "The Power of Communications: Telling a Positive Climate Story." He recalls childhood summers in the Hasdeo forests, often called the "lungs of central India," and cites the Chipko Movement and Gandhi's principle of Earth Trusteeship as reasons for the partnership. Tiwari writes that India is not only experiencing climate change but actively solving it, in its villages, laboratories and city streets. 

Reliance Industries has proposed setting up a nuclear power plant in West Bengal, with the project potentially attracting around ₹2 lakh crore in investment over six to seven years. The proposal was discussed during meetings between Reliance officials and the state government. The company has reportedly shown interest in Haripur in East Midnapore, where an earlier NPCIL nuclear project was cancelled in 2011 following opposition from local fishermen and villagers. The state has also suggested Nayachar near Haldia as an alternative site. Reliance is additionally exploring investments in hotels, data centres and coal gasification. 

Tata Trusts has proposed merging Tata Electronics Systems Solutions (TESS) and Tata Consulting Engineers (TCE) with Tata Sons to help the group’s holding company avoid a stock market listing. The Trusts, which own a 66% stake in Tata Sons, have asked its board to consider the restructuring and seek prior approval from the Reserve Bank of India (RBI). The proposed merger aims to remove Tata Sons’ classification as a non-banking financial company (NBFC) and a core investment company (CIC). The plan requires regulatory clearance. The move comes amid differences between Tata Trusts and the Tata Sons board over the company’s listing. (PC: X)

The Indian stock market witnessed a sharp fall on Monday, September 28, as the Sensex dropped over 900 points within an hour of opening. The Nifty 50 also slipped below the 23,000 mark. The sell-off wiped out nearly Rs 4.9 lakh crore in market value by around 10:15 am. Rising crude oil prices above $100 per barrel, higher US bond yields and continued foreign investor selling added to market pressure. Both benchmark indices had already recorded seven consecutive weekly declines, reflecting continued weakness in Indian equities. (PC: NDTV)

The Food Safety and Standards Authority of India (FSSAI) has initiated penal action against Amazon, Swiggy Instamart, BigBasket, Flipkart India and Zepto over various food safety and regulatory non-compliances. The regulator cited misbranding and misleading claims, along with the sale and display of prohibited or poisonous food articles. The action includes misleading claims involving Happilo Premium Date Bites - Zesty Orange. Swiggy Instamart and BigBasket also face action over misleading claims and non-compliant product information concerning Milky Mist Fresh Low Fat Cream, Farm Fresh Curd and Greek Yoghurt. FSSAI said it has intensified enforcement against food businesses and e-commerce companies over the past six months. (PC: X)

Markets regulator SEBI has settled proceedings against five Adani Group companies over alleged disclosure violations. The companies are Adani Enterprises, Adani Green Energy, Adani Total Gas, AWL Agri Business and Adani Energy Solutions. Together, they paid ₹1.50 crore to settle the proceedings. SEBI said the cases followed its examination of corporate governance and related-party transaction issues raised in the Hindenburg report. Adani Enterprises paid ₹76.05 lakh, while Adani Green Energy paid ₹45.50 lakh. The other three companies paid ₹9.75 lakh each. SEBI had earlier settled cases involving Adani Ports and Adani Power. The regulator closed these proceedings after receiving the settlement amounts.  

The India-New Zealand Free Trade Agreement will come into force on October 20, 2026, Commerce Minister Piyush Goyal said on Monday. The date falls on Vijayadashami.   The pact, signed in April, gives Indian exports 100% duty-free access to New Zealand. India will open about 70% of its tariff lines in phases, while protecting sensitive sectors such as core dairy and onions.   New Zealand has pledged $20 billion in investment over 15 years and a quota of 5,000 temporary work visas for skilled Indian professionals. Both nations aim to double trade to nearly $5 billion in five years. (PC: X)

Tata Sons has reappointed N Chandrasekaran as chairman for five more years, but Tata Trusts chairman Noel Tata has called the move illegal. The board voted 4-1 after a meeting of about three hours in Mumbai on September 17. Noel Tata was the only director to oppose it. He said his veto was wrongly overridden on the basis of a legal opinion. The Trusts say Chandrasekaran's August 12 decision not to seek another term was accepted and is final. Reports say the Trusts will try to remove him as a director at the annual general meeting.

Warren Buffett has stepped down as chairman of Berkshire Hathaway after more than 60 years. The 96-year-old investor will become chairman emeritus and remain on Berkshire’s board, continuing to provide his judgment and perspective. His son, Howard G. Buffett, has been named chairman, while Greg Abel remains CEO after taking over on January 1, 2026. Buffett led Berkshire from 1965, transforming it from a struggling textile company into a conglomerate spanning insurance, railroads, energy, manufacturing, retail and investments. Berkshire ended June with about $364.7 billion in cash. Abel leads Berkshire’s operations and capital allocation while Buffett remains involved. The transition continues while executive authority rests with Abel in the years ahead. (PC: X)