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Samsung to set up India’s 1st mobile display manufacturing plant in Noida
Industry

Samsung to set up India’s 1st mobile display manufacturing plant in Noida

Samsung is investing $500 million to set up a new plant in Delhi/NCR for manufacturing smartphone displays. The company finally got the green light from the Indian government and will proceed with the investment in April 2020. The new plant will be worth $500 million and will be located in Noida – close to Samsung’s […]

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Zomato acquires Uber Eats
Merger & Acquisition

Zomato acquires Uber Eats

Food apps Uber Eats announced that Zomato has acquired the app and they will no longer function in India. As per a report published on Bloomberg, the deal has been valued at 172 million dollars and Zomato will give Uber 9.99 per cent ownership. Announcing the acquisition of the official handle of Uber Eats tweeted, […]

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Data science jobs in India to increase to 1.5 lakhs in 2020
Jobs

Data science jobs in India to increase to 1.5 lakhs in 2020

India is set to witness 1.5 lakh new openings for data science this year, which is an increase of about 62% from last year, according to a report prepared by Great Learning, ed-tech company. The majority of these jobs, 70% of total postings in this sector are for Data Scientists with less than five years […]

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IMF cuts India’s FY20 growth forecast to 4.8%
Survey & Report

IMF cuts India’s FY20 growth forecast to 4.8%

The International Monetary Fund (IMF) on 20th Jan 2020, Monday revised downward India’s gross domestic product (GDP) growth projection to 4.8 percent for the financial year 2020 (FY20) and to 5.8 percent for FY21. The global financial institution attributed the current slowdown in the country to stress in the non-bank financial sector and weak rural […]

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Global talent crunch, 54% companies face talent shortage- Report
Survey & Report

Global talent crunch, 54% companies face talent shortage- Report

Attracting and retaining skilled workers has rarely been more challenging as 54% of companies globally report talent shortages – the highest in over a decade. More than half of companies around the world cannot find the skills they are looking for – almost double what it was a decade ago. To find, build and sustain the […]

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Gig Workers may soon have to register under GST
Jobs

Gig Workers may soon have to register under GST

The government is planning to get services professionals such as plumbers, electricians, and beauticians listed on online platforms into the Goods and Services Tax Network. According to an Economic Times report, the Department for Promotion of Industry and Internal Trade ( DPIIT) is considering making it mandatory for online marketplaces such as UrbanClap, HouseJoy, and […]

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Vodafone Idea’s SVP HR Ranjan Mishra joins Diebold Nixdorf
CHRO Move

Vodafone Idea’s SVP HR Ranjan Mishra joins Diebold Nixdorf

Diebold Nixdorf appoints Ranjan Mishra as Director- Human Resources, India. He will assume the position from Feb 18, 2020. In his new role, Ranjan will be responsible for all people operations, encompassing commercial business, shared services, and global delivery centre. Prior to this, Ranjan was associated with Vodafone Idea as EVP-Human Resources, taking care of […]

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Amazon to create 10 lakh new jobs in India by 2025
Jobs

Amazon to create 10 lakh new jobs in India by 2025

Amazon announced that it is planning to create 1 million new jobs in India by 2025 through continued investments in technology, infrastructure, and logistics network. This comes three days after company founder and CEO Jeff Bezos visited India. According to Amazon press statement, the jobs will be created both directly and indirectly across industries, including […]

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Flipkart to create 5,000 local Jobs, opens two warehouses in Haryana
Jobs

Flipkart to create 5,000 local Jobs, opens two warehouses in Haryana

Walmart-owned Flipkart on January 14 said that it is strengthening its supply chain infrastructure by setting up two warehouses (fulfilment centres or FCs) in Haryana, a move that will create about 5,000 jobs locally. With these two FCs, Flipkart now has 12 assets in Haryana, including supply chain infrastructure for large appliances, non-large (including mobiles, […]

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Oyo rooms notifies employees about layoffs via emails
Jobs

Oyo rooms notifies employees about layoffs via emails

SoftBank-backed Oyo to fire 2,400 employees in India over this week, it has begun the process of notifying thousands of staffers individually about their status in the organization through individual emails. The Layoffs in Delhi and Jaipur were communicated to the staff on Monday, while in Gurgaon employees were notified on Tuesday, 14th Jan 2020. According to an […]

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