27 July 2024
[ad_1] The International Monetary Fund (IMF) on Tuesday issued a favourable growth projection for India to 6.8 per cent for the 2023-24 fiscal year (FY24). Earlier in January, the global body gave a growth estimate of 6.5 per cent for the economy. The improvement in the estimates was attributed to robust domestic demand conditions and
READ MORE
[ad_1] Unilever recently announced the separation of its ice cream unit into an independent division, leading to a workforce reduction of about 7,500 people. Unilever.com Barclays announced in March that it would downsize its investment banking unit and let go of several employees in the coming months. Getty Google announced multiple layoff rounds in 2024
READ MORE
[ad_1] Pakistan requires two to three years to execute the structural reforms recommended by the International Monetary Fund (IMF), Finance Minister Muhammad Aurangzeb said at an event in the US. The Pakistani minister also cautioned that if the country fails to implement these measures, it would need to find another bailout programme. Speaking at the
READ MORE
[ad_1] Mutual Fund Investments: Mutual fund assets in India witnessed a record surge in FY24, as per the Association of Mutual Funds in India’s (Amfi’s) annual report. The assets under management (AUM) soared by Rs 14 lakh crore, marking a remarkable 35 per cent year-on-year (YoY) increase, reaching an unprecedented figure of Rs 53.40 lakh
READ MORE
[ad_1] Narayana Murthy’s recent comment on the 70-hour workweek sparked strong reactions online, dividing opinions on work-life balance and effective contribution to the nation’s progress. Now, Chaitanya Ramalingegowda, co-founder of Bengaluru-based startup Wakefit, has reignited the debate on the 70-hour workweek with a unique perspective. In a new video from the startup, he suggests that
READ MORE
[ad_1] Stock Market News Today: The two key equity benchmarks, Sensex and Nifty, on Tuesday closed lower amid volatility for a third session in a row, following a downward momentum due to the ongoing geopolitical crisis in the Middle East. The BSE Sensex shed 456 points at 72,944. On the other hand, the NSE Nifty50
READ MORE
[ad_1] Bitcoin dropped to $62,000, the lowest level in a month after Iran launched drones towards Israel. When geopolitical tensions like these arise, there is a general impact on all assets. Since cryptocurrencies are widely traded 24/7 unlike equities, the impact is immediate and often more pronounced. The decentralised nature of cryptocurrencies means they can
READ MORE
[ad_1] Senior citizen term deposits have become increasingly popular in the last five years, a research report by the State Bank of India revealed. The study said that the contribution for the deposits has doubled in recent years to touch 30 per cent in the 2023-24 fiscal year (FY24) and stands at Rs 34 lakh
READ MORE
[ad_1] The Income Tax (I-T) Department is launching a campaign targeting individuals and entities who are obligated to file their income tax returns (ITR) but have failed to do so, as reported by the Economic Times. According to sources, the department has pinpointed a staggering 1.52 crore such individuals who either possess taxable income or
READ MORE
[ad_1] Corporations worldwide have been grappling with layoffs, a trend that has no industry boundaries. The latest to join this unfortunate list is Tesla, the brainchild of Elon Musk. On Monday, it was reported that the company is contemplating a workforce reduction of over 10 per cent. As per reports, these Tesla layoffs are a
READ MORE