Hey folks, have you heard about the chaos that erupted yesterday? It's been a wild ride in the business world. The biggest shocker was the massive Microsoft-CrowdStrike IT outage that caused disruptions across the globe. Imagine being stuck at an airport because all the check-in systems went down—pretty frustrating, right? This glitch even hit major airlines and airports like T3 IGI in New Delhi and Hong Kong, leading to flight cancellations and long lines.
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Adding to the drama, Byju's CEO warned that his ed-tech firm might face a total shutdown due to looming insolvency issues. On the flip side, Reliance Jio Infocomm reported a 12% rise in Q1 net profit, which is a silver lining in the midst of all this chaos.Â
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Even Amazon had to crack down on employees who were just coming in to get coffee and leave, exploiting the return-to-office policy. Oh, and Indian stock market traders faced issues due to the Microsoft outage, affecting brokerages like Motilal Oswal and 5paisa.
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In tech, Tata Technologies reported a 15% drop in Q1 profit, while Xiaomi overtook Samsung in India's smartphone market. It's been a rollercoaster of a day in the business world, with some companies facing crises and others riding high on profits and market gains.
