Dalal Street saw yet another disastrous day for Adani Group shares, with a total market loss of over $100 billion since last week. Not only has the massive decline had an effect on the wealth of billionaire Gautam Adani, but it has also raised concerns regarding a larger potential systemic impact on the domestic stock […]
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The tech industry has been hard hit over the past few months, and many businesses have decided to lay off a lot of employees. Several companies, including Twitter, Meta, Google, Microsoft, Wipro, and Philips, collectively laid off thousands of employees, and accounts of these layoffs began to circulate on social media platforms. The job market […]
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Union Finance Minister Nirmala Sitharaman made the announcement of a change in income tax slabs and a rebate of up to Rs 7 lakh under the new income tax regime on Wednesday during the Union Budget speech in the House. According to Alok Agrawal, Partner, Deloitte India, the new rules will encourage taxpayers at both […]
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According to the Economic Survey, the Indian economy is projected to grow by 6.5% in real terms in FY24 or 2023-2024 due to increased domestic demand and an increase in capital investment. The nominal GDP growth rate is anticipated to be around 11%, implying a 4.5% average annual rate of inflation for the upcoming fiscal […]
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At the 10th annual Design & Construction Week, which is held in conjunction with the 2023 NAHB International Builders’ Show (IBS) and Kitchen and Bath Industry Show (KBIS) in Las Vegas, air conditioning technologies leader LG Electronics USA will unveil a new line of HVAC innovations for the residential builder market that incorporate energy-efficient heat […]
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The allegations of wrongdoing made by short seller Hindenburg Research have been thoroughly refuted by the company that is owned by Asia’s richest man, Gautam Adani. Adani Group describes the report as a “calculated attack on India” in a document that spans more than 400 pages. In its report, Hindenburg said that, Adani failed to […]
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IBM will cut up to 3,900 jobs, or 1.5% of its global workforce, because it missed its annual cash target. Other technology companies, like Microsoft, have done the same thing, cutting jobs suddenly because of weak growth. According to IBM Chief Financial Officer James Kavanaugh, the mass layoffs, which are connected to IBM’s healthcare and […]
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At the end of 2021, the US economy performed better than expected, despite the fact that higher borrowing costs and rising living costs slowed growth. According to official statistics, the economy expanded at a rate of 2.9% annually over the last three months of 2022. That was a decrease from the previous quarter’s 3.2% due […]
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BASF and Cargill announced that their existing agreement for the development and distribution of feed enzymes has been expanded to include the United States (US). The two businesses are committed to bringing novel enzyme-based solutions to market and creating unique value for customers of animal feed. A joint innovation pipeline for producers of animal protein […]
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Through its “Affordability plans” in the country, Samsung India continues to support the wealth management of people who want to own Galaxy devices while also working toward its own personal goal of expanding the market. Aditya Babbar, Senior Director and Head of Marketing for Samsung India, tells the audience that Finance+ and other similar products […]
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