Job Loss

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".