Indian Business

Google also added itself in the list of companies, which conducted a mass layoffs, leaving over 10,000 employees jobless. CEO Sundar Pichai, in a letter to employees, announced the tough decision and accepted ‘full responsibility’ for the same. Of all the layoffs, there was a story was of an engineer,  Joel Leitc who gave 16 years of his life and was laid off and shared his view on LinkedIn.

Tata Steel's seven-member board has approved the amalgamation of seven subsidiaries with itself, confirmed the company in a regulatory filed on September 23. Although the nod was received on September 22, the notification was released the next day. The seven companies merging are Tata Steel Long Products, The Tinplate Company of India, Tata Metaliks, TRF, The Indian Steel & Wire Products, Tata Steel Mining, and S and T Mining Company.

India's gross domestic product (GDP) grew at 13.5% in the April-June quarter of the FY 2022-23, revealed data released by the National Statistical Office (NSO) on August 31. The NSO data mentioned the real GDP in Q1 2022-23 is estimated to attain a level of Rs 36.85 lakh crore as against Rs 32.46 lakh crore in Q1 2021-22, but missed the estimate of the Reserve Bank of India.