Byju’s founder and chief executive Byju Raveendran has apologised to the firm’s employees for the clumsy layoffs in India’s largest education technology company, saying 2,500 job cuts were necessitated to avoid role duplication and reduce redundancies. In a message toByju’s founder and chief executive Byju Raveendran has apologised to the firm’s employees for the clumsy layoffs in India’s largest education technology company, saying 2,500 job cuts were necessitated to avoid role duplication and reduce redundancies. In a message to
Tag: business
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Growth Next Year To Be Better Than ‘IMF’ Projections: CEA
Chief Economic Adviser V Anantha Nageswaran on Monday said India is expected to clock better growth than IMF’s projections next year aided by enhanced capital formation. Recently, the International Monetary Fund (IMF) projected 6.8 per cent real growth for this yearChief Economic Adviser V Anantha Nageswaran on Monday said India is expected to clock better growth than IMF’s projections next year aided by enhanced capital formation. Recently, the International Monetary Fund (IMF) projected 6.8 per cent real growth for this year
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RBI Commences Pilot Launch Of Digital Rupee For Specific Use
RBI has said that the first pilot in the Digital Rupee – Wholesale segment (e₹-W) shall commence from today, November 1, 2022. The use case for this pilot is settlement of secondary market transactions in government securities. Use of e₹-W isRBI has said that the first pilot in the Digital Rupee – Wholesale segment (e₹-W) shall commence from today, November 1, 2022. The use case for this pilot is settlement of secondary market transactions in government securities. Use of e₹-W is
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The Steel Man of India ‘Jamshed J Irani’ Passes Away at 86New ‘
Jamshed J Irani, known as the steel man of India, died in Jamshedpur late Monday night, Tata Steel said. He was 86. “The Steel Man of India passes away. It is with profound grief that Tata Steel informs of the demiseJamshed J Irani, known as the steel man of India, died in Jamshedpur late Monday night, Tata Steel said. He was 86. “The Steel Man of India passes away. It is with profound grief that Tata Steel informs of the demise
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Elon Musk Floats Paid Twitter Verification, Fires Board
Billionaire Elon Musk is already floating major changes for Twitter – and faces major hurdles as he begins his first week as owner of the social-media platform. Twitter’s new owner fired the company’s board of directors and made himself the board’sBillionaire Elon Musk is already floating major changes for Twitter – and faces major hurdles as he begins his first week as owner of the social-media platform. Twitter’s new owner fired the company’s board of directors and made himself the board’s
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LPG Cylinder Price Now: Commercial Cylinder Gets Cheaper, Check Latest Prices
In a big relief, the price of commercial LPG cylinder has witnessed a decline today. The leading oil marketing companies (OMCs) have slashed the price per unit of commercial LPG Cylinder by Rs 115.50 with immediate effect. It is worthIn a big relief, the price of commercial LPG cylinder has witnessed a decline today. The leading oil marketing companies (OMCs) have slashed the price per unit of commercial LPG Cylinder by Rs 115.50 with immediate effect. It is worth
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Workers Leave IPhone Factory, In Zhengzhou Amid COVID Curbs
Workers who assemble Apple Inc’s new iPhone have walked out of their factory in northern China to avoid COVID-19 curbs after some coworkers were quarantined following a virus outbreak. Videos circulating on Chinese social media platforms showed people said to beWorkers who assemble Apple Inc’s new iPhone have walked out of their factory in northern China to avoid COVID-19 curbs after some coworkers were quarantined following a virus outbreak. Videos circulating on Chinese social media platforms showed people said to be
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Wall Clock, E-Bike Maker Oreva Group, At Centre Of Morbi Bridge Collapse
Oreva group, which is under scanner following the collapse of a suspension bridge at Morbi in Gujarat that killed at least 130 people, specialises in CFL bulbs, wall clocks and e-bikes and it is not known how it managed to getOreva group, which is under scanner following the collapse of a suspension bridge at Morbi in Gujarat that killed at least 130 people, specialises in CFL bulbs, wall clocks and e-bikes and it is not known how it managed to get
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Remove Withdrawal Restrictions, On BSBD Accounts For Digital Payments: Report
The Reserve Bank needs to keep digital payments outside the purview of withdrawal restrictions on zero-balance basic savings bank deposit (BSBD) accounts and let the government allow a uniform fee of 0.3 per cent, in lieu of the Merchant Discount RateThe Reserve Bank needs to keep digital payments outside the purview of withdrawal restrictions on zero-balance basic savings bank deposit (BSBD) accounts and let the government allow a uniform fee of 0.3 per cent, in lieu of the Merchant Discount Rate
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IMF Says Mideast, North Africa, Economies Resilient In 2022
The economies of Middle Eastern and North African countries were resilient this year, but double-digit inflation is expected to slow growth in 2023, the International Monetary Fund said on Monday. The IMF forecast GDP growth at 5per cent in 2022 forThe economies of Middle Eastern and North African countries were resilient this year, but double-digit inflation is expected to slow growth in 2023, the International Monetary Fund said on Monday. The IMF forecast GDP growth at 5per cent in 2022 for