The Economic Times
The Economic Times Lufthansa Airlines To Cut 20% of Jobs Amid Profit Decline
Lufthansa is projected to cut down on 20% of jobs following a 9% decline in operating profit in the third quarter. AMD is also set to cut its global workforce by 4%.
The Economic Times Boeing begins process to cut 17,000 jobs, reduce global workforce by 10%
Boeing is issuing layoff notices this week as part of its plan to cut 17,000 jobs, or 10% of its workforce. The layoffs come as the company works to restart production of its 737 MAX aircraft following a recent strike and ongoing safety concerns. Boeing secured $24 billion in financing to stabilize its finances amid the turmoil.
The Economic Times India's sports market to reach $130 billion by 2030, create 10.5 million jobs
India's sports market is poised to reach $130 billion by 2030 at a compound annual growth rate (CAGR) of 14 per cent, a Google and Deloitte report said on Thursday.
The Economic Times Risk of inflation coming back and growth slowing down globally, says RBI Governor
Das said, "Soft landing has been ensured, but risks of inflation coming back and growth slowing down do remain. The headwinds from geopolitical conflicts, geoeconomic fragmentation, commodity price volatility and climate change continue to blow."
The Economic Times JPMorgan gives green energy finance ratio for the first time
JPMorgan, facing pressure from investors, disclosed that it provided $1.29 in green energy financing for every dollar backing high-carbon energy in 2023. This ratio, a first for the bank, reflects its growing green energy lending and reduced demand for capital from oil companies.
The Economic Times Sebi set to ease angel fund norms, boost startup funding
Sebi in a move to help upcoming startups have proposed several measures to ease up investor channels. These proposals are in hopes of limiting the investors to the right risk appetite.
The Economic Times PhysicsWallah appoints Amit Sachdeva, ex-BlinkIt exec as CFO
Amit Sachdeva has previously served as the CFO of Blinkit, a quick commerce platform earlier known as Grofers. In his most recent role, Sachdeva was serving as the CFO of IGT Solution and departed from the organisation after serving for about 2 years.
The Economic Times India's top clean energy agency weighs criminal proceedings against Reliance Power
India's top renewable energy agency, SECI, has threatened legal action against Reliance Power, alleging the company submitted forged bank guarantees for a clean energy project bid. SECI stated that Reliance NU BESS, a subsidiary of Reliance Power, engaged in fraudulent activities to secure the project.
The Economic Times IndiGo's aim is to give wings to India, which has great opportunity to produce
IndiGo's CEO, Pieter Elbers, at the CNBC TV18 Global Leadership Summit, shared the airline's ambitious plans to expand its international footprint, aiming to solidify its position in the global market.
The Economic Times X appoints Mahmoud Reza Banki as CFO, two years after Musk's Twitter acquisition
X has appointed Mahmoud Reza Banki as its new CFO, marking the company’s first permanent financial leadership in two years, following Elon Musk’s acquisition and the departure of former CFO Ned Segel.
The Economic Times India will meet its exports target of USD 800 billion this year: Commerce Secretary
Commerce Secretary Sunil Barthwal was upbeat on the trade data and said, "It has been an extremely good month for us, and not only our overall export progress has been extremely good, but if you look at April to October, this has been the highest ever non-petroleum exports from this country ever. So we have broken all the records."
The Economic Times State's first EV industrial park to be developed in Vilappilsala
The park, slated to become the state's first dedicated facility focused on the research and manufacturing of electric car components and designs, will be located on a 23-acre site owned by Trivandrum Engineering Science and Technology Research Park (TrEST), a state govt institution.
The Economic Times Will RBI Cut Rates in December? Governor Shaktikanta Das Responds to Piyush Goyal's Request
RBI Governor Shaktikanta Das refrained from commenting on potential rate cuts in the upcoming December 2024 monetary policy. Earlier, Union Minister Piyush Goyal had urged the RBI to consider rate cuts in December.
The Economic Times India and China to shape future global economy: Experts
Singapore Senior Minister of State for Foreign Affairs Sim Ann emphasized the importance of continued engagement with China and India for regional growth. Experts at an inaugural event highlighted the two nations' economic prowess, predicting they will drive half of the world's economic growth in the coming years.
The Economic Times India's GCCs to exceed $100 bn by 2030; houses 20% of global workforce
Additionally, these centres are poised to create over 2.5 million jobs across the country. These centres are delivering substantial value, accounting for 23% of India's IT exports. The survey examines the latest trends of GCCs in India, gathering insights from 88 GCCs across various regions, industries, and functions.