Major Companies Firing Employees: What You Need To Know
Since the beginning of 2024, major companies have been announcing large-scale layoffs. These layoffs have been caused by economic downturns, company restructuring, mergers, shifts in business strategies, etc. Tata Steel UK Layoffs Tata Steel UK, a subsidiary of Tata Group, is firing around 2,500 employees. The CEO, T V Narendran, said, “The loss of the…
Himanshu
Jio Finance Beta App Launched: All You Need To Know
Jio Financial Services launched a beta version of the Jio Finance app on Wednesday, 29 May 2024. With this app, Jio plans to offer UPI, digital banking, and loans on mutual funds. The app’s key features are instant digital account opening and streamlined bank management with the Jio payments bank account. This app also provides…
ABHYUDAYA MITTAL
Health Claims Must Settle Within 3 Hours, IRDAI Mandates
IRDAI introduced a master circular for health insurance products that has repealed 55 other circulars. With this master circular regulator, IRDAI is poised to improve transparency and the claims experience for policyholders. The master circular implements several regulatory changes regarding health coverage announced by IRDAI last month. These changes include removing the upper age limit,…
Abdullah Ansari
Gaurav Banerjee Appointed as Sony’s New Captain
In a strategic move, Sony has appointed Gaurav Banerjee as its CEO for operations in India, as reported by two sources to Reuters on Tuesday. Banerjee, who previously held an executive position at Disney’s India unit, is set to bring a fresh perspective to Sony’s operations. At Disney, he served as the head of content…
Sachs Predicts India’s GDP Growth To Soar At 6.7%
The renowned US-based financial institution Goldman Sachs, known to be a global investment bank, has revised its GDP forecast for India by 10 basis points to 6.7% for 2024. This revision is based on sustained growth momentum and the expectation of extra fiscal space due to a dividend transfer from RBI to the government. The…
Bhumika
Reliance Gears Up For Viacom18 Merger & African TelecomÂ
Reliance, led by the richest Asian man, Mukesh Ambani, is set to make big moves. The multinational conglomerate is proceeding into Africa’s mobile broadband market via a Telecoms venture. With the launch of Next-Gen InfraCo, the company’s objective is to provide top-notch digital services in Ghana at affordable prices. On the other hand, it has…
Retiring as a LegendÂ
Although Indian football started promisingly in the pre-independence era, it entered a decline in the following decades. Factors like poor grassroots development and infrastructure, insufficient coaching programs, limited exposure to international contests and a shift of focus in other sports like cricket contributed to this downturn. Consequently, Indian football struggled to sustain its early momentum…
Chandan Kumar
Nvidia’s 600% Profit And Stock Split Announcement
NVIDIA Corporation surpassed the analyst forecast of second-quarter revenue of $26.8 billion and earned a staggering $28 billion. According to Bloomberg, their profit margins expanded by an impressive 600%, and revenue grew by a remarkable 268% annually. This indicates even amidst an economic slowdown, spending on computational AI remains bullish. Chief Executing Officer Jensen Huang…
Shipra Prajapati
Disney Cashes Out Billions By Selling Stake At Tata Play
Tata Group is all set to take full control of its entertainment division, Tata Play. According to Bloomberg, Walt Disney Co. has finalised the deal with Tata Group to sell its minority stake of 29.8% in Tata Play for $1 billion. They further mentioned that Disney had shifted their focus on merging their Indian entity…
Voices from the Other SideÂ
Recent footage from Muzaffarabad, the capital and largest city of Pakistan-Occupied Kashmir (PoK), depicts huge protests. Thousands of people protest against the high prices of essential goods like flour and frequent power outages in the area. The violent protests in PoK have resulted in the death of a police officer and over a hundred injuries….
