Tag: economic slowdown
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Indian car manufacturer Maruti Suzuki cuts 3,000 contract jobs
Maruti Suzuki India Ltd chairman R.C. Bhargava said on Tuesday the company had not renewed the contracts of 3,000 temporary employees, as the automaker battled rising...
Amid slowdown, HSBC lays off 150 Employees across its tech Function in India
HSBC has laid off about 150 employees across its technology function in the country. The majority of the lay-offs have happened in its Pune...
GDP growth of India set to slow further in April-June quarter to 5.7%: Nomura
India's economic growth is set to slow further in the April-June quarter of this year to 5.7% amid contraction in consumption, weak investments and an under-performing...
Biscuit maker Company Parle could lay off 10,000 workers amid slowdown: Report said
Parle Products Pvt Ltd, India's largest biscuit maker, may be forced to lay off up to 10,000 workers if a bruising consumption slowdown persists,...
Former RBI Governor Bimal Jalan panel’s recommendations may not bring good news for RBI
Former RBI governor Bimal Jalan panel’s report may not bring any relief to the Reserve Bank as it is set to discuss the tricky issue of...