BUSINESS
US economy contracts again amid fears of recession
Gross domestic product, a wide-ranging measure of economic activity, fell by 0.9 per cent on an annualised basis from April to June. That decline marks a key symbolic threshold for the most commonly used - albeit unofficial - definition of a recession as two consecutive quarters of negative economic growth.
Telecom industry has come a long way in 5G advancements: Ashwini Vaishnaw
Announcing the sixth edition of the India Mobile Congress (IMC) 2022, scheduled for September 29-October 1 in New Delhi, he said that the industry has emerged to become a sunrise industry in India and a benchmark for the world. "We are committed to make sure that India's regulatory systems are transformed to become the world's best so that industries across the globe are comfortable to invest and plan for the next 10 years," said the minister.
On time performance of various airlines records decline in May, June
On time performance of Go First was 94.5 % during January 2022 which came down to 71.8 % in May and 76 % in June. Similarly, On time performance of Spicejet was 87.5 % in January and it reduced to 70.9 % in May and 79.4 % in June. Other airlines including Indigo, Alliance Air, Air Asia and a few others recorded similar trends during the last few months.
Asia's richest woman loses more than half her fortune as China's property crisis escalates
The 41-year-old controls Country Garden Holdings, China's largest real estate developer by sales. Her stake was largely transferred from her father Yang Guoqiang, who founded the company in Foshan, Guangdong province, in 1992, CNN reported. Country Garden's stock has lost more than half its value this year, as the country's real estate sector has struggled with falling home prices, weakening buyer demand, and a debt default crisis that has engulfed some of its largest developers since last year, CNN reported.
Google brings Meet, Chat, video calls, Spaces together in Gmail
Later this year, the users will see improvements to Gmail for tablet users, better emoji support and more accessibility features. "Now you can optimise Gmail for how you like to stay connected, whether it's as a standalone email application or a hub for easily moving between Chat, Spaces and video calls in Google Meet," said Neena Kamath, Product Manager.
Airlines should deploy type rated certifying staff, says DGCA
"Based on reports of increased engineering related occurrences in scheduled airlines in recent times, the DGCA conducted several audit/spot checks which indicated improper identification of cause of a reported defect, increasing trend of MEL releases, and insufficient certifying staff," said Director General Civil Aviation Arun Kumar.
56% of Indian job seekers faced scams during their job hunt: Report
"Our aim behind sharing insights from the hiring industry is to help recruiters and job seekers be well versed with the latest trends and help in making an informed decision. A prevalent problem in the hiring industry is the prevalence of recruitment scams. Keeping the issue in mind, Hirect is ensuring the safety and security of the users by eliminating the consultants in between," said Raj Das, Global Co-Founder and CEO of Hirect India, in a statement.
41% income taxpayers yet to file IT return, 10% facing tech glitches
However, 59 per cent respondents said they already filed their tax returns, which is a considerable improvement on the findings from a week ago on July 20, according to data provided by community social media platform LocalCircles. In an earlier survey, LocalCircles found that 54 per cent of the respondents were yet to comply with the requirement to file tax returns by this month's end, of which 37 per cent remained uncertain if they will be able to meet the deadline.
Indian stock markets rise on Thursday
The Indian stock indices went up on Thursday with the BSE Sensex gaining 1,041.47 points and the NSE Nifty 287.80 points. The Sensex closed at 56,857.79 points while the broader Nifty closed at 16,929.60 points. On Wednesday, the BSE Sensex had closed at 55,816.32 points and the NSE Nifty at 16,641.80 points. The gainers on the bourses were largely finance, banks and software companies.
HCL's Roshni Nadar richest woman in India, Nykaa's Falguni Nayar at second spot| Here's list of top 10 richest women in India
Falguni Nayar, founder of beauty brand Nykaa, is the richest self made woman in our country and second richest woman overall, with a networth of ₹ 57,520 crore, according to the third edition of the report released on Wednesday . The third richest is Biocon's Kiran Mazumdar-Shaw with a wealth of ₹ 29,030 crore. The list has a total of the 100 richest women in the country. Among the 100 entrants, the youngest woman on the list is 33-year-old Kanika Tekriwal of Bhopal-based Jetsetgo with a wealth of ₹420 crore.
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