Oracle has acknowledged that the adoption of AI technologies contributed to workforce reductions, with its global employee count dropping by around 21,000 over the past year. The company said restructuring costs reached USD 1.8 billion as it continues investing heavily in AI infrastructure

Indian benchmark indices Sensex and Nifty traded flat in early trade on Thursday as investors assessed the US Federal Reserve's rate outlook and mixed global cues. IT stocks declined, while FMCG and metal shares provided support amid easing crude oil prices