COVID-19, lockdown impact: 27 mn youth in their 20s lost their jobs in April, reveals CMIE
Over 27 million youngsters in their 20s lost their jobs in April. This has serious long-term repercussion, the CMIE report said.
US to temporarily ban work-based visas like H-1B as unemployment levels peak: Report
The H-1B is a non-immigrant visa that allows US companies to employ foreign workers from countries like India and China in speciality occupations that require theoretical or technical expertise.
Salary cuts more feasible than job cuts, say experts; peg recovery period for retail at 9-12 months after lockdown ends
The short-term impact of the coronavirus pandemic on retailers in the country will be severe, but retail sales recovery period for India is expected to kickstart from the first week of May subject to the lockdown not being extended further,
Tata Steel plans to cut up to 3,000 jobs across European operations; two-thirds losses expected to be office-based roles
Tata Steel's quest to boost profitability follows a European anti-trust decision to block a joint venture with Germany's Thyssenkrupp
Economic slowdown impact: Maruti Suzuki reports 33% drop in sales in August at 1,06,413 units, export falls 10.8%
Maruti Suzuki's domestic sales declined by 34.3% at 97,061 units last month as against 1,47,700 units in August 2018
There will not be a single job loss due to merger of banks, assures Nirmala Sitharaman
The merger of banks will bring down the number of state-run banks to 12 from 19 after the merger of Dena Bank and Vijaya Bank with Bank of Baroda effective April 2019.
Tracking India’s economic slowdown: Between NITI Aayog chief’s warning and CEA’s tough talk lies real cure for economy; inaction will be disastrous
By now, the fear that India’s economy is slowing and slowing at a real dangerous pace has been confirmed by hard data
Tracking India’s economic slowdown: Why Narendra Modi govt shouldn’t delay fiscal stimulus to revive struggling industries
Industry captains are marching to the North Block making their case for an urgent fiscal stimulus. Big and small companies are announcing job cuts one by one.
After startup Rivigo, now e-commerce platform ShopClues lays off 200 employees as it struggles to rein costs
Recently, ShopClues was in talks with larger rival Snapdeal for a potential acquisition.
Five million lost jobs between 2016 and 2018; urban individuals hit hardest, says Azim Premji University report
The unemployed were mostly higher educated and young people, in the 20-24 age range, according to the study titled “State of Working India 2019”.
Jet Airways' lenders say paying off cash-strapped airline's existing debt of Rs 8,500 cr is part of any stake deal
Jet Airways' lenders said last week they would consider other options should the stake-sale process “not result in an acceptable outcome”.
'Had sent a list of high-profile fraud cases to PMO; unaware of where those cases stand', says Raghuram Rajan
Raghuram Rajan said he sent a list of the largest frauds to the PMO.
Don't fear job loss; new-age technologies will not remove humans from workspace, say experts
While technologies will eliminate some jobs, it will also create some jobs that will support the "automation economy".
Demonetisation impact: 250 casual workers lost job every day during January-March; why govt needs to create more jobs
As per CMIE, in 12 months up to August 2017, 19 lakh jobs were wiped out
Job loss: Fear of artificial intelligence, robotics misplaced; technology cannot replace human hand
As the industry gears to drive digital technology transformation through workforce realignment, it is important to bring each member of the workforce along.
ICICI Bank's AI-powered chatbot iPal completes 6 million responses, interacts with 3.1 million customers in eight months
8 months since the launch, the bank has released some numbers: 6 million queries answered and 3.1 million customers have interacted with 90% accuracy rate.
Morgan Stanley expects Indian economy to be $6 trillion in 10 years boosted by digitisation
India's growth story will continue but has certain risks with respect to political stability, privacy debate over Aadhaar, and implementation of GST, among others.
TCS says consolidating Uttar Pradesh operations, no job loss in Lucknow centre
"TCS is working to ensure that employees get opportunities in Noida and other centres across India," company statement said
TCS shuts Lucknow centre as part of consolidation, co allays fears of job loss
The report said a group named SaveTCSPlease had written to chief minister Yogi Adityanath and Prime Minister Narendra Modi about the development.
GM's decision to stop India sales to result in 15,000 job loss, dealers want govt to intervene
Terming the automaker's decision to stop selling cars in India as "clearly thought out conspiracy", the dealers along with their staff members also demanded adequate compensation from the company.