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The Production Linked Incentive PLI scheme for the food processing industry has been a significant...
In Oct , Prime Minister Narendra Modi said Indias expanding economy is creating new possi...
The Central Governments innovative employment incentive scheme, the Aatmanirbhar Bharat Rozga...
Maruti Suzuki India, the country’s top carmaker, will likely invest more than $5.5 billion to double its production capacity to four million vehicles a year by the end of 2030. The company plans to develop and produce millions of electric vehicles, along with the batteries and raw materials to support that production. According to Reuters, […]
The world’s largest electronics manufacturer, Foxconn has hit a hiring target of 100,000 new workers. The company is hiring for its Zhengzhou plant in China. The apple supplier had eased production pressure at the COVID-hit site. Foxconn quadrupled bonuses for workers who stayed with the organization. The company additionally began a recruitment drive that advertised higher […]
American multinational technology corporation, Microsoft has announced that it will be slashing some jobs because it realigned enterprise teams and roles after the shut of its fiscal 12 months on June 30. Microsoft will let go “small number of employees” due to a “strategic alignment. The layoffs, affect lower than 1 percent of this total workforce […]
According to the Gallup State of the Global Workplace 2022 Report, employees have never been more stressed among workers surveyed. Among workers surveyed, 60% report feeling “emotionally detached” while at work, and 19% consistently feel “miserable.” These numbers are higher than those reported in 2020, which had previously set records for the percentage of employees who […]
Mitsubishi Electric Corporation has announced that it will invest approximately 2.2 billion Indian rupees, or 3.1 billion yen, in its subsidiary Mitsubishi Electric India Pvt. Ltd. to establish a new factory in India for Factory Automation Control System Products. Expected to start operations in December 2023, the new factory will manufacture inverters and other factory […]
The U.S. financial services company Robinhood Markets Inc. declared that it would be laying off about 9% of its full-time employees by removing the duplicate jobs it had added when the company saw excitable growth during the COVID-19 pandemic in 2020. Robinhood CEO Vlad Tenev announced on Tuesday that the financial services company would lay off about 9% of its […]
The recovery in employment after the pandemic-induced disruptions has been uneven, with job losses being concentrated among salaried employees and entrepreneurs, according to the Centre for Monitoring Indian Economy (CMIE). Employment in August 2021 was 5.7 million lower than it was in 2019-20, CMIE’s MD and CEO Mahesh Vyas said in his analysis. This involved an 8.8 […]
Pokarna Engineered Stone Limited, a subsidiary of Pokarna Ltd on Friday said it has established a state-of-the-art quartz surfaces manufacturing facility, one of the largest in the world, with an investment of Rs 500 crore in Telangana. K T Rama Rao, Minister for Industries and Information Technology, is scheduled to inaugurate the new plant on Saturday, a […]
The US-owned fast-food chain McDonald’s is looking to hire 20,000 people and open 50 outlets in 2021. A further 100 will be added over the next two years, UK and Ireland CEO Paul Pomroy said. Pomroy said, “It’s fantastic to be able to offer an additional 20,000 people an opportunity to work with us. “There […]
