US federal mortgage giant Fannie Mae has laid off about 700 employees, including Telugu workers, over the two days. About 200, a majority of them Telugu, were fired on "ethical grounds", The Times Of India reported, citing sources. The terminations are linked to the irregularities and misuse of the company's "matching grants program", a scheme designed to support charitable donations, according to the English daily. Some employees were allegedly hand-in-glove with non-profit organisations, such as the Telugu Association of North America (TANA), and misused company funds. TANA is at the centre of the controversy, with one laid-off employee holding a regional vice president position in the organisation and another the spouse of a former president of the American Telugu Association (ATA), the report said. This controversy follows a similar scandal at Apple in January 2025, where over 100 employees were fired for misusing its "Matching Gifts Programme....
Delhi received heavy rainfall today morning resulting in waterlogging in several parts of the national capital. The Indian Meteorological Department has predicted more rains through the day which are expected to bring the mercury down.
The maximum and minimum temperatures for Saturday are expected to settle around 34 and 26 degrees Celsius, respectively.
An IMD official said there would be a generally cloudy sky with the possibility of moderate rain and thundershowers in the city.
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