Amazon layoffs, SC allows use of green firecrackers,China moves WTO over India's EV

The Supreme Court on Wednesday eased its ban on green firecrackers in Delhi-NCR, allowing their offline sale under strict conditions. The court noted that smuggled firecrackers cause more pollution than approved green ones. Amazon is reportedly planning to slash up to 15% of its human resources workforce worldwide as it invests heavily in AI and cloud infrastructure. Other core business departments could also see layoffs. Hyundai Motor Co’s President & CEO Jose Munoz on Wednesday announced that the company’s Indian arm will invest ₹45,000 crore by FY30, aiming to make India its second-largest market globally. China has filed a complaint with the WTO against India’s electric vehicle and battery subsidies, alleging they give local manufacturers an unfair advantage. The stock market closed higher today, driven by global optimism and easing crude oil prices. The Nifty hit a one-month high, crossing 25,331, as broad-based buying across sectors boosted market sentiment.