General Motors’ recent layoffs, impacting over 1,000 employees, are part of a cost-cutting strategy amid software issues, leadership changes, and program cancellations. This reflects broader tech sector downsizing trends in 2024.
Founded in 2014, Dunzo has faced severe cash flow problems, high losses, and difficulties managing expenses and payroll, leading it to shift focus from quick commerce to B2B services. Reliance, which holds over 25% of Dunzo and invested $200 million, might acquire the startup at a reduced valuation.
Hindenburg Research's latest report alleges SEBI Chairperson Madhabi Puri Buch and her husband, Dhaval Buch, were involved in offshore funds tied to the Adani financial scandal. The report also highlights past ties between IIFL, involved in Wirecard’s scandal, and the Buchs’ investments. The SEBI chairperson has expressed willingness to provide financial documents and criticized the report as baseless. Political reactions include calls for a Joint Parliamentary Committee investigation into the allegations and SEBI's handling of the Adani case.
Despite stock market declines and some economic uncertainties, the Reserve Bank of India (RBI) aims to manage inflation and support growth, projecting a 7.2% increase for the year. The stable rate benefits borrowers by keeping Equated Monthly Instalments (EMIs) steady, though loans tied to the marginal cost of funds-based lending rate (MCLR) might still see rate hikes. Future Monetary Policy Committee (MPC) meetings are scheduled for Oct 7-9, Dec 4-6, in 2024, and Feb 5-7, 2025.
The resignation and departure of Bangladesh Prime Minister Sheikh Hasina amid violent protests have significantly disrupted India-Bangladesh trade, halting truck movement at key border points. The crisis has led to an estimated $300 million loss in export trade and nearly stalled exports. Businesses in Indian border states report over 80% decline. The situation might also delay a potential free trade agreement between the two nations.
.jpg&w=3840&q=75)
A special Air India flight brought 205 people, including 6 infants, from Dhaka to New Delhi on Aug 7 morning, an official said. Meanwhile, IndiGo said its special flight flew from Dhaka to Kolkata on Aug 6 to bring back Indian nationals from Bangladesh.
The 30-share BSE Sensex jumped 1,092.68 points to 79,852.08 in early trade. The NSE Nifty surged 327 points to 24,382.60.
New High-Value Sectors Expand Scope of India-US Trade Partnership
NDP Youth Champions Highlight India’s Development Priorities at UNGA
CAFE-III Norms Set Clear Path for Cleaner Mobility, Say Industry Players
Renewable Energy Emerges as a Key Pillar of India’s Development Agenda
India’s Manufacturing Expansion Boosts Industrial Output and Jobs in FY25
What is El Nino Effect and Why EAM Jaishankar Warned of a Crisis in Coming Months: Explained
MP begins four-day training for 153 SRG members on NCF 2023, new NCERT textbooks
IISc tops Indian universities in THE World University Rankings 2027, ranks 254 globally
NEET PG 2026: NMC releases 58,000-seat matrix for 2026-27, check details
Meghalaya gives 9,767 school dropouts a second chance to complete Class X through SSLC exam
Copyright© educationpost.in 2024 All Rights Reserved.
Designed and Developed by @Pyndertech
