Search Results for: JOB CUTS

US Fed makes rate hike of 0.75 percentage points, highest since 1994

To tame the inflation that is at its highest in 40 years, the US Federal Reserve raised the interest rate by 0.75 percentage points, the biggest since 1994

Jun 16, 2022

Moody's Analytics sees another 60-80 bps hike in repo rate this year

Hours after the Reserve Bank of India raised key lending rates, or repo rate, by 50 basis points to 4.9 per cent, global financial services company Moody's Analytics said the central bank could hike the repo rate by another 60 to 80 basis points through the rest of the year.

Jun 9, 2022

RBI says further cut in state VAT on fuels can soften inflationary pressure, expectations

A further reduction of state value added taxes on petrol and diesel across the country would certainly contribute to softening of the inflationary pressures as well as the inflationary expectations, said the Reserve Bank of India Governor Shaktikanta Das on Wednesday.

Jun 8, 2022

Goa Based fashion designer Karishma Mehta's bridal wear collection is unique for Indian wedding fashion segment

Karishma Mehta says I already had some idea of managing and executing the business which helped in launching my own label just after completion of the course

Jun 8, 2022

Tangedco announces power cuts in Chennai on Monday [details inside]

Tamil Nadu Generation and Distribution Company (Tangedco) has announced power cuts from 9 a.m. to 2 p.m. in Chennai on Monday, June 6.

Jun 5, 2022

Musk retracts statement over job cuts, says headcount will increase

Two days after reportedly emailing employees of a 10 per cent job cut at Tesla, CEO Elon Musk on Sunday retracted his statements saying total headcounts will increase.

Jun 5, 2022

KK's demise: Mamata cuts short Bankura visit, rushes to Kolkata

In view of the sudden demise of the playback singer Krishnakumar Kunnath, popularly known as KK, West Bengal Chief Minister, Mamata Banerjee, decided to cut short her scheduled political programme in erstwhile Maoist-infested Bankura district on Wednesday morning and rushed back to Kolkata.

Jun 1, 2022

GIC Re logs PAT of Rs 2,005 cr, cuts underwriting loss

The General Insurance Corporation of India (GIC Re) closed last year with a higher after tax profit and gross premium income.

May 28, 2022

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Moody's slashes India's GDP projection further down to 8.8% from 9.1%, here's why

Moody's Investors Service has slashed India's GDP projection to 8.8 per cent for 2022, from 9.1 per cent estimated previously, citing the prevailing high inflation in the country.

May 27, 2022

TN FM hints no tax cut on petrol, diesel

Tamil Nadu's DMK government headed by Chief Minister M.K. Stalin may not reduce its taxes on petrol and diesel in line with the reduction in excise duty announced by the Central government as one goes by the state Finance Minister Palanivel Thiaga Rajan's statement.

May 22, 2022

Shanghai reopens commercial outlets with Covid resurgence under control

China's financial hub Shanghai is gradually reopening commercial outlets such as shopping malls, convenience stores and pharmacies after weeks of closed management to ward off Covid-19.

May 17, 2022

Google's new 10-shade skin tone scale to boost inclusivity, cut AI bias

Tech giant Google has launched a novel 10-shade skin tone that will be incorporated into its products over the coming months to boost inclusivity and to reduce Artificial Intelligence (AI) bias.

May 13, 2022

Toyota Group signs MoU with K'taka for Rs 4,800 crore investment

Shanghaied Toyota cuts down production in China plant, reports profits slumped by third

After Tesla, Toyota too cut down its production by 50,000 cars per month due to lockdown imposed by China in Shanghai after Omicron Covid variant surged

May 12, 2022

IPL 2022: Jaiswal's 68, Hetmyer's finishing exploits help Rajasthan Royals defeat Punjab Kings by six wickets

Opener Yashasvi Jaiswal marked his return to Rajasthan Royals' playing eleven with a scintillating 68 while Shimron Hetmyer exhibited his finishing exploits in an unbeaten 31 to help the side defeat Punjab Kings by six wickets at the Wankhede Stadium on Saturday.

May 7, 2022

Ensure continuous power supply during exam time: OPS to Stalin

Former Tamil Nadu Chief Minister and AIADMK Coordinator O.Panneerselvam on Friday urged the state government to ensure continuous power supply during the exam months of May and June.

May 6, 2022

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