India Inc’s operating profit margin narrowed by a sharp 2.37% in the December quarter to 16.3% on an annual basis due to inflation and rising energy costs, domestic ratings agency ICRA said on Monday. When viewed sequentially, the operating profit margin for the December quarter expanded by 1.8% over the preceding September quarter, ICRA Ratings […]
Continue Reading
Reserve Bank of India Governor Shaktikanta Das. File photo | Photo Credit: PTI Reserve Bank of India Governor Shaktikanta Das on Wednesday, December 21, 2022 said underlying economic activity in India continues to be strong, but external factors will cause some “dent” to the economy. Speaking at the BFSI Insight Summit 2022 organised by Business […]
Continue Reading
Federal Reserve Board Chairman Jerome Powell looks on during a news conference at the Federal Reserve Building in Washington, U.S. | Photo Credit: Reuters Federal Reserve policymakers expect to raise U.S. interest rates further, and keep them high for longer, than they had earlier anticipated, signaling Wednesday that squashing high inflation will likely take a […]
Continue Reading
Amazon.com Inc. plans to cut about 10,000 jobs, the largest ever headcount reduction at the e-commerce giant as it braces for slower growth and a possible recession. The layoffs, which could begin as soon as this week, will likely target Amazon’s devices group, responsible for the Echo smart speakers and Alexa digital assistant, as well […]
Continue Reading
The International Monetary Fund is once again lowering its projections for global economic growth in 2023 The International Monetary Fund is once again lowering its projections for global economic growth in 2023 Two principal economists painted very different pictures on Thursday of what the global economy will look like in the coming years. Kristalina Georgieva, […]
Continue Reading
Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe. Paul F. Gruenwald, S&P global chief economist, said a lot depends on how global fund flows behave if there is a recession in the U.S. and Europe. Global […]
Continue Reading
European Central Bank faces the prospect of raising interest rates aggressively just as the economy enters a downturn European Central Bank faces the prospect of raising interest rates aggressively just as the economy enters a downturn The eurozone is almost certainly entering a recession, with surveys on Monday showing a deepening cost-of-living crisis and a […]
Continue Reading
Infosys told employees in an email seen by Reuters that the company was making “structured efforts” to improve performance, as it cut variable pay Infosys told employees in an email seen by Reuters that the company was making “structured efforts” to improve performance, as it cut variable pay India’s top IT services firms are freezing […]
Continue Reading
The former Twitter CEO’s company Block will slash its 2022 investment target by $250 million The former Twitter CEO’s company Block will slash its 2022 investment target by $250 million Jack Dorsey-led Block Inc said it has slowed hiring and will slash its 2022 investment target by $250 million, after a slump in Bitcoin prices […]
Continue Reading
Companies including Tesla Inc, Netflix Inc, and Coinbase Global Inc have also been cutting jobs due to slow economic growth Companies including Tesla Inc, Netflix Inc, and Coinbase Global Inc have also been cutting jobs due to slow economic growth Walmart Inc is cutting hundreds of corporate roles in a restructuring effort, the Wall Street […]
Continue ReadingCopyright © 2022
Designed and Developed by Cpool Digital Learning
