Unemployment

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Unemployment - Total results - 527
Coronavirus Outbreak: Banks have done nothing to help retailers to tide over lockdown crisis, says industry body
Business

Coronavirus Outbreak: Banks have done nothing to help retailers to tide over lockdown crisis, says industry body

Banks have done "sweet nothing" to provide financing to retailers to tide over the lockdown crisis, and the government intervention is needed to avoid mass unemployment in the sector, according to RAI

Coronavirus Outbreak: Record US jobless claims wipe out post-Great Recession employment gains
Business

Coronavirus Outbreak: Record US jobless claims wipe out post-Great Recession employment gains

A record 26 million Americans likely sought unemployment benefits over the last five weeks, confirming that all the jobs created during the longest employment boom in US history were wiped out in about a month as the novel coronavirus savages the economy

Coronavirus Outbreak: One crore job cuts likely in textile industry without govt support, says CMAI
Business

Coronavirus Outbreak: One crore job cuts likely in textile industry without govt support, says CMAI

There could be as many as one crore job cuts in the textiles sector, which has been severely hit by the ongoing lockdown, if there is no support and revival package from the government, according to apparel industry body Clothing Manufacturers Association of India (CMAI)

Coronavirus Outbreak: Govt plans to resume limited manufacturing operations after 15 April, says report
Business

Coronavirus Outbreak: Govt plans to resume limited manufacturing operations after 15 April, says report

The source said the government was considering allowing the resumption of some manufacturing operations under guidelines that were being drawn up.

US economy to remain in contractionary state for first half of 2020; high unemployment may persisit for over a year
Business

US economy to remain in contractionary state for first half of 2020; high unemployment may persisit for over a year

The number of jobs destroyed by the US economy’s crisis-driven sudden stop could top 4.5 million, according to the median estimate of 45 forecasters surveyed by the National Association for Business Economics.

Salary cuts more feasible than job cuts, say experts; peg recovery period for retail at 9-12 months after lockdown ends
Business

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,

Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers
Business

Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers

Bank shares on Friday dropped up to 15 percent after Moody's Investors Service changed the outlook for the Indian banking system to negative from stable

COVID-19 impact: Moody's changes outlook on Indian banks to negative from stable; move triggered by disruption in economic activity
Business

COVID-19 impact: Moody's changes outlook on Indian banks to negative from stable; move triggered by disruption in economic activity

Moody's said Banks' asset quality will deteriorate across the corporate, small and medium enterprises and retail segments, leading to pressure on profitability and capital.

Coronavirus Outbreak: India's economic growth likely to decline by 200 bps in FY21, says Yashwant Sinha
Business

Coronavirus Outbreak: India's economic growth likely to decline by 200 bps in FY21, says Yashwant Sinha

India's economic growth is likely to decline by 2 percentage points in the next financial year due to the impact of coronavirus pandemic and the consequent 21-day countrywide lockdown, former finance minister Yashwant Sinha said on Friday

Global job losses could exceed 25 mn, much more than estimated by UN days ago; US jobless claims surge to record levels
Business

Global job losses could exceed 25 mn, much more than estimated by UN days ago; US jobless claims surge to record levels

The International Labour Organization, a UN agency, had estimated a week ago that, based on different scenarios for the impact of the pandemic on growth, the global ranks of the jobless would rise by between 5.3 million and 24.7 million.

Stock Market Latest Updates: Sensex soars over 1,400 points, Nifty above 8,600-mark at close; IndusInd Bank zooms over 45%
Business

Stock Market Latest Updates: Sensex soars over 1,400 points, Nifty above 8,600-mark at close; IndusInd Bank zooms over 45%

Stock Market LIVE Updates: Sensex up 300 points, Nifty opens above 8,400-level in opening trade; Rupee opens flat

Coronavirus Outbreak: Former RBI Governor Bimal Jalan pitches for fiscal stimulus
Business

Coronavirus Outbreak: Former RBI Governor Bimal Jalan pitches for fiscal stimulus

Former RBI governor Bimal Jalan has pitched for fiscal stimulus to mitigate the impact of coronavirus outbreak which, he said, could lower India's growth by an estimated 1 percentage point, and affect jobs

Global economy continues to slide as coronavirus outbreak worsens; uncertainty to remain for several months: Moody's
Business

Global economy continues to slide as coronavirus outbreak worsens; uncertainty to remain for several months: Moody's

A sharp contraction of the global economy, at least in the second quarter, appears imminent, it said in its latest special series 'Credit Risks in Turbulent Times.'

Industry body fears coronavirus may render 3.8 cr people jobless in India's tourism, hospitality sectors; seeks funding for 12 months
Business

Industry body fears coronavirus may render 3.8 cr people jobless in India's tourism, hospitality sectors; seeks funding for 12 months

The coronavirus impact could render 3.8 crore people jobless, which is around 70 percent of the total workforce in the tourism and hospitality sector, according to a grouping

About 25 mn jobs could be lost worldwide due to coronavirus; coordinated policy response can lower impact on unemployment: UN
Business

About 25 mn jobs could be lost worldwide due to coronavirus; coordinated policy response can lower impact on unemployment: UN

Nearly 25 million jobs could be lost worldwide due to the coronavirus pandemic, but an internationally coordinated policy response can help lower the impact on global unemployment, according to a UN agency

Tata Steel Europe to cut 1,250 jobs in turnaround push; need to urgently improve profitability, says CEO
Business

Tata Steel Europe to cut 1,250 jobs in turnaround push; need to urgently improve profitability, says CEO

Besides the job cuts, which would be less than half of what the company had announced last year, Tata Steel said it will not replace employees who have retired or left the company

Seven months since Article 370 was scrapped in Jammu and Kashmir, employment opportunities remain scarce
India

Seven months since Article 370 was scrapped in Jammu and Kashmir, employment opportunities remain scarce

Almost seven months since Jammu and Kashmir ceased to be a state, the Union Territory has experienced a variety of administrative problems

44,000 jobs lost in Maharashtra in demonetisation year, says state Economic Survey; document red flags reducing number of industries
India

44,000 jobs lost in Maharashtra in demonetisation year, says state Economic Survey; document red flags reducing number of industries

Some 44,000 jobs were lost in Maharashtra in 2016-17, the fiscal year when the decision of demonetisation was announced by the Centre, according to the state's Economic Survey.

Maharashtra's economy to grow at 5.7% in 2019-20, marginally down from last fiscal's projection of 6%: Economic Survey
Business

Maharashtra's economy to grow at 5.7% in 2019-20, marginally down from last fiscal's projection of 6%: Economic Survey

Maharashtra's economy is expected to grow at 5.7 percent during 2019-20, marginally down from the last fiscal's projection of six percent, the Economic Survey presented in the state Legislature on Thursday said