BUSINESS
India shows strong hiring outlook in Q3 despite global layoffs: Report9
According to the ManpowerGroup Employment Outlook Survey, India with 36 per cent is among the top five countries with the highest positive hiring outlook in the July-September period. India has been ranked fifth after Australia in the global list. The labour market in the country is showing positive sentiments in the third quarter of 2023 amid global layoffs and global macroeconomic conditions, said the report.
IndiGo plane grounded after tail strike incident at Delhi airport
In an official statement, the DGCA said that the A321-252NX (Neo) aircraft with registration VT-IMG was operating from Kolkata to Delhi when the incident occurred on Sunday. The DGCA statement revealed that the flight proceeded without any issues until the approach for landing in Delhi.
Reliance Industries tops India Inc in Forbes Global 2000 list for 2023
Reliance Industries was placed at number 45 in the overall ranking of 2000 global corporates ahead of well-known names like Germany's BMW Group, Switzerland's Nestle, China's Alibaba Group, the US's Procter & Gamble and Japan's Sony. Reliance Industries improved its ranking in the prestigious listing of global corporates from 53 in 2022 to 45 in 2023.
Indian economy on rise with growing employment, spike in manufacturing: PM Modi
Addressing the newly recruits in various government departments at a 'Rozgar Mela' where more than 70,000 appointment letters were handed over virtually by him, the prime minister said that due to various government schemes like Startup India, Stand up India and Mudra Yojana, several employment opportunities have emerged in.
Oracle founder Larry Ellison now world's 4th richest person
Ellison is now the world's fourth-richest person, with a staggering $129.8 billion net worth, Bloomberg reported. He just squeaked past Gates, whose net worth -- Bloomberg reported -- is currently $129.1 billion. It's the first time Ellison is richer than Gates and ranked above No. 5 on the list, the outlet reported.
Asia leads as nanometer chips redefine semiconductor industry
TSMC, the world's largest semiconductor foundry, has unveiled advancements in 2nm technology and new additions to its 3nm family. Its 2nm technology is slated for production in 2025. "The nanometer chip revolution is here to rewrite the rules of technology. Unleashing a power surge in the AI realm, 5nm chips, for instance, are redefining speed and efficiency across industries," said Kiran Raj, Practice Head of Disruptive Tech at GlobalData.
Goldman Sachs cuts forecast for oil prices by nearly 10%
The Wall Street bank now thinks Brent crude, the global oil benchmark, will cost $86 a barrel in December, compared to its previous estimate of $95, while West Texas Intermediate (WTI) crude will fetch $81 a barrel, down from $89, CNN reported.
Retail inflation falls to 25-month low in May as food prices slide
Food inflation too slid to 2.91 per cent in May from 3.84 per cent in April. According to data released by the Ministry of Statistics and Programme Implementation, retail inflation was at a high of 7.04 per cent in May 2022, while food inflation was 7.97 per cent during the period.
Industrial production for April rises 4.2% (Bus)
According to data released by the Ministry of Statistics and Programme Implementation on Monday, the IIP growth was 6.7 per cent in April 2022. Retail inflation for May 2023 fell to a 25-month low of 4.25 per cent as food prices fell.
SEBI bans Subhash Chandra, Punit Goenka from holding position of director or key personnel till further orders
SEBI in its order said, "It is apparent that the issuance of LoC to Yes Bank by Mr. Subhash Chandra in support of Associate Entities, the default by associate entities leading to appropriation of ZEEL's FD by Yes Bank, the circuitous transactions through connected entities to show receipt of funds by ZEEL from the associate entities.
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