Jobs
Unilever to cut thousands of jobs globally
Consumer goods giant Unilever is set to announce thousands of worldwide job cuts this week, the BBC reported. The Marmite and Dove soap maker will slash the positions in more than 100 countries, with cuts in the "low thousands" planned, the BBC report cited a source as saying. It comes a week after the firm failed in its bid to buy the consumer health division of GlaxoSmithKline (GSK) for 50 billion pounds.
Job and income supporting measures to be watched in Union Budget
Some measures to support the rural economy, amid its weakening and the impending state elections, and any measures to revive the Residential Real Estate sector would be welcome.
US Fed officials signal March rate hike as inflation surges to 40-yr high
"Inflation is too high and working people around the country are concerned about how far their paychecks will go," Fed Governor Lael Brainard said Thursday at a hearing before the Senate Banking Committee. "Our monetary policy is focused on getting inflation back down to 2 per cent while sustaining a recovery that includes everyone. This is our most important task," said Brainard, President Joe Biden's nominee to serve as the central bank's Vice Chairman.
ECLGS saved 13.5 lakh MSMEs, 1.5 crore jobs: SBI Research
"In absolute terms, MSME loan accounts worth Rs 1.8 lakh crore were saved from slipping into NPA during the period," the report said."This is equivalent to 14 per cent of the outstanding MSME credit being saved from becoming NPA." In May 2020, the Centre launched the ECLGS scheme for the MSME sector to provide relief to the sector amidst the pandemic. Of the 13.5 lakh beneficiaries, over 93 per cent were those in micro and small segments, the report said.
HP begins manufacturing laptops, multiple PC products in India
The company has begun manufacturing multiple models of laptops, desktop towers, mini desktops at the Flex facility in Sriperumbudur near Chennai, Tamil Nadu.
HP is also manufacturing display monitors in India. Some of these products qualify under public procurement order of the government and will be available on the Government e-Marketplace (GeM) portal to meet the demands of the government departments and other customers, according to the company.
Mohandas Pai invests in Monster.com as it raises Rs 137.5 cr
The online talent platform said that the funds will be utilised towards enhanced investments on product development and marketing in India, SEA and Middle-East markets. Post the funding, Monster.com is now valued at $100 million. In 2018, Quess Corp acquired Monster.com's businesses in India, Singapore, Malaysia, Philippines, Hong Kong, Vietnam, Thailand, Indonesia, the UAE and Kingdom of Saudi Arabia.
India logs 9% growth in job postings in September YoY: Report
The CEO of Monster.com Sekhar Garisa said that as we approached the end of the September quarter, it was promising to note that we had witnessed a significant growth of 6% in the hiring over the last 3 months. The report further says that there was a stable monthly growth in job postings in the month of September compared to that of August.
PwC India to create 10K additional jobs in next 5 years
The fresh investment and expansion of Indian operations is part of PwC's 'The New Equation', a new approach in how the firm sees new opportunities serving the clients as they work to build trust and deliver sustained business outcomes to their stakeholders. The new business strategy will see the company create new jobs in the areas of digital, Cloud, cyber, analytics and emerging technologies.
Hiring in India surpasses pre-Covid levels in July: Report
The country's premier index on hiring trends grew by 11 per cent in July versus June, to touch 2,625, the highest it has ever been, including the pre-Covid timeline. The rapid digital transformation across all sectors drove up the demand for jobs in the IT sector by 18 per cent, the report showed. July also recorded a higher demand for jobs across all functional areas, with more job options for freshers.
Apple supply chain creates 20K jobs in India: Report
Manufacturers including Foxconn, Wistron and Pegatron were all committed to creating certain numbers of job opportunities when they applied to enter the subsidies programme under India's Production Linked Incentive (PLI).
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