Ex Employee Of Google Shares Heartfelt Note On LinkedIn
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.
Tags: Google, LAYOFFS, Engineer, LinkedIn, Indian Business
Courtesy: India Today
Union Govt Launches Credit Guarantee Schemes For Startups In India
In order to extend support to start-ups in India, the BJP-led Central Government announced "Credit Guarantee Scheme". On October 7, the Commerce Union Minister Piyush Goyal said, "Government enables eligible companies to borrow collateral-free money up to Rs 10 crore making sure they reach their true potential,." The move will help micro businesses and start-up establishments to not only take risks but, provide guaranteed loan schemes.
Tags: Credit Guarantee Scheme, Piyush Goyal, Startups, Indian Business, innovation
Tata Steel Announces Merger With 7 Self Group Companies
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.
Tags: Tata Steel, Merger, Indian Business, industry, Board Members
India To Become Largest Economy Globally, Says Economic Experts
India will be the third largest economy nation by 2030, analysed economists. Recently, India overtook the United Kingdom as the fifth largest economy in the world, and if continues will be in the third position. Arvind Virmani, the Chief Economic Advisor said, "India is moving up the power scale". Furthermore, with this progress in economy, this is the second time India has beaten the UK, the first being in 2019.
Tags: Largest Economy, Economists, Indian Business, United Kingdom, Globally
GDP Grows By 13.5% In April-June QFY 2022-2023
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.
Tags: GDP, Indian Business, Financial Year, Q2022-2023, NSO
Courtesy: India Today
Dabur India Chairman Amit Burman Resigns From Post
Amit Burman stepped down as the Chairman of Dabur, with effect from August 10. The fast-moving consumer goods (FMCG) brand Dabur board accepted the resignation of Amit Burman, who will now be working in a position of a non-executive director for the business. Notably, Burman … read-more
Tags: Dabur India, Amit Burman, Food Industry, Consumer Products, Indian Business