LinkedIn, the Microsoft-owned career network company, announced new round of layoffs on Monday. Nearly 700 people have been handed over the pink slips as part of company’s new policy. The layoffs will impact finance, product, engineering and talent teams. Around three per cent of the total workforce will be...
Producers’ inflation rate based on the Wholesale Price Index (WPI) remained in the negative zone for the sixth successive month at (-) 0.26 per cent in September, government data released on Monday showed. However, sequential data showed that deflation has come down. WPI inflation was (-) 0.52 per cent...
NEW DELHI: A sharp decline in tomato prices may have caused the headline CPI (Consumer Price Index) inflation to plunge to 5.02% in September from 6.83% in August, but risks to food prices still persist, and experts see retail-food inflation staying above the 6%-mark in the second half of...
MUMBAI: For Mukesh Ambani’s Reliance Industries (RIL), analysts estimate higher profit growth for the July-September quarter (second quarter, or Q2) of 2023-24 (FY24), while revenue growth is expected to remain subdued. Key monitorables include guidance on new energy capital expenditure, retail expansion, and telecommunication (telecom) tariffs. In a Bloomberg...
MUMBAI: Global banking major HSBC is looking to get into funding real estate development in India through the FPI route. It might also enter the private debt space in other sectors as well, sources said. “They are big in Asia in real estate private debt. They want to explore...
NEW DELHI: The inaugural India-UK ‘2+2’ foreign and defence dialogue on Monday saw the two sides focusing on ways to boost cooperation in a range of key areas such as trade and investment, defence, critical technologies, civil aviation, health and energy. At the senior official-level dialogue, the two sides...
By Nantoo Banerjee It may be a bit early to predict economic consequences of the ongoing Hamas-Israel armed conflict on the world economy, but India is bound to be impacted if the war continues for long and oil prices keep soaring through the coming winter months. The war is...
By Nilanjan Banik The World Health Organization (WHO) calls it Disease X. It does not exist now, but it is a concept floated by WHO to gauge the readiness of any country to fight a pandemic in the future. The model underscores the importance of vigilance, research, and preparedness...
By Arun Kumar Shrivastav Under India’s presidency, The Group of Twenty (G20) unanimously adopted a regulatory roadmap for cryptocurrencies at a meeting in Marrakesh, Morocco, on October 13. The intergovernmental forum, comprising 19 sovereign countries, the European Union, and the African Union, accepted the proposals made in the joint...
By Tirthankar Mitra Come late September and October, kash flowers are in bloom in parts of Maidan in Kolkata together with a few more spots in the city yet to be invaded by concrete jungle heralding the arrival of the biggest festival of West Bengal – Durga Puja. Yet...
By Subrata Majumder West Bengal, once the epicentre for industry, has been fading in the industrial map of the country. At the time of Independence, it accounted for 30 percent of country’s industrial output. Now, it is 3 percent, according to official sources. Political belligerence, where political ideologies and...
By Dr Arun Mitra Violent attack by the Hamas on Israel which killed hundreds of civilians took the whole world by shock. No one can support the barbarian act of killing innocent children, women and men. They have violated all laws of warfare by killing people attending Super Nova...
By K R Sudhaman After successful swachhata campaign by Prime Minister Narendra Modi government during the last 2-3 years to clean up government ministries and buildings by getting rid of musty files and condemned scrap furniture, Coal ministry has shown the way to convert this waste into wealth. “Kabad...
By Harihar Swarup On August 7, 1990, Prime Minister V P Singh, driven by his own set of political difficulties, announced in Parliament that the Mandal Commission’s recommendations for reservation of Other Backward Classes would be implemented. It was a turning point for Indian Political system, marking the advent...
By K Raveendran The Israel-Palestine conflict has sent ripples through the shipping and maritime industry, leading international companies to issue cautionary advisories and adapt their operations in the region. In view of the missile attacks and the incursion of opposing militias, the security of transporting goods through the port...
By Sushil Kutty Mallikarjun Kharge assumed the office of Congress President on October 26, 2022. He beat Thiruvananthapuram Lok Sabha MP Shashi Tharoor in an election that was fixed to elect him. At the time Congress leader Rahul Gandhi was still on his Bharat Jodo Yatra and the entire...
By Arun Srivastava With Israel declaring war on the Gaza Strip after an unexpected attack by the terrorist Palestinian group Hamas on October 7, the global fraternity is straining to decode the real nature and reasons for the armed engagement. Apparently, there is no tangible reason for Hamas to...
By Anjan Roy Ukraine war and more immediately the Hamas-Israeli conflict had driven many things from out of the public view. One of these is the Nobel Prize in Economics in this year to a not widely known academic. Claudia Goldin is only the third woman to get a...