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Boeing starts issuing letters to layoff 17,000 workers

Nov 15, 2024

Washington, Nov 14 (IANS) US aerospace giant Boeing has announced that it is issuing layoff notices, starting this week, to workers as part of the debt-ridden planemaker’s drastic plan to cut 17,000 jobs which works out to 10 per cent of its staff worldwide. "As previously announced, we are adjusting our workforce levels to align with our…

Venture debt funding propels Indian fintech, EV startups: Report

Nov 14, 2024

New Delhi, Nov 14 (IANS) The venture debt market in India is steadily growing, mirroring the early days of venture capital, particularly in the emerging startup sectors such as fintech and electric vehicles (EVs), a report showed on…

Business

India poised to surpass Japan in GDP ranking by 2025

Nov 14, 2024

New Delhi, Nov 14 (IANS) India's gross domestic product could soon become larger than Japan's, making it the world’s fourth-largest economy, according to a Japanese media report on Thursday.The article, published in Japan Times, is based on…

Business

Black Box to leverage India’s digital & AI boom to drive high-growth tech opportunities

Nov 14, 2024

New Delhi, Nov 14 (IANS) Black Box Ltd, Essar’s technology arm, has unveiled an ambitious growth strategy focused on India, aiming to position itself as a strategic partner for global technology companies expanding into the region.During…

Business

India’s IT-flexi staffing industry to see steady 7 pc annual growth till FY26

Nov 14, 2024

New Delhi, Nov 14 (IANS) The $4.9 billion India’s IT-flexi staffing industry is poised for a steady 7 per cent annual growth through FY 2024-FY 2026, according to a report on Thursday.The Indian IT-flexi staffing market currently has a…

Business

India’s WPI inflation edges up to 2.36 pc in Oct

Nov 14, 2024

New Delhi, Nov 14 (IANS) India’s inflation rate, based on the Wholesale Price Index (WPI), rose to 2.36% in October this year, compared to the same month of the previous year on the back of higher food prices, figures released by the…

Business

Indian cleantech major Attero achieves global certification for GHG emissions verification

Nov 14, 2024

New Delhi, Nov 14 (IANS) Leading cleantech company Attero on Thursday said it has secured the ‘ISO 14064 Certification for Greenhouse Gas (GHG) Emissions Verification’, making it the first Indian company in the e-waste recycling industry to…

Business

Global alliance of banks supports fossil fuel treaty at COP29

Nov 14, 2024

Baku, Nov 14 (IANS) As the UN climate conference (COP29) is underway in Baku in Azerbaijan, the Global Alliance for Banking on Values (GABV) on Thursday announced that 25 of its member banks have endorsed the Fossil Fuel Non-Proliferation…

Business

Electronic toll collection in India soars to record Rs 6,115 crore in Oct

Nov 14, 2024

New Delhi, Nov 14 (IANS) Electronic toll collection in the country soared to a record Rs 6,114.92 crore in October this year as economic activity surged during the festive month, according to the latest figures compiled by the…

Business

India’s tech and durables sector sees 13 pc value growth in festive season

Nov 14, 2024

New Delhi, Nov 14 (IANS) The tech and durables sector in India witnessed a 13 per cent value growth during the four-week festive season, driven by heightened consumer demand across multiple categories, a report showed on Thursday.Diwali…

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