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LATEST NEWS UPDATES | Indian startups fired 10,000 employees from October to January - Prachi Verma

LATEST NEWS UPDATES

Indian startups fired 10,000 employees from October to January - Prachi Verma


February 8, 2023

Economic Times With investors tightening their purse strings because of the volatility in the global economy, many unicorns and startups such as Byju’s, Swiggy and Ola have slowed down hiring or even resorted to firing employees. Startups in India fired about 6,000 employees in October-December 2022 and...

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Banks eye Rural loan growth to push credit-deposit ratio - Mihir Mishra, Shayan Ghosh
February 8, 2023

Mint India’s rural borrowers and small businesses owners may have easier access to credit with public sector banks (PSBs) planning to increase financing to these segments, after the Union finance ministry urged lenders to improve their credit-deposit ratio. The C-D ration indicates how much of a banks'...

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Expand PDS to include non-ration card holders and 10 crore excluded by using old census figures: Right to Food Campaign
February 7, 2023

A coalition of civil society activits has criticized the Union Budget 2023-24 for reducing government spending on the social sector by a massive amount. The economic crisis induced by the Covid-19 pandemic was borne disproportionately by those at the bottom of the pyramid and in this...

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Two Wheelers lag as auto sales surpass pre-Covid peak - Alisha Sachdev
February 7, 2023

Livemint.com The automobile industry witnessed a strong start to 2023 with retail sales across segments, including passenger and commercial vehicles, and three-wheelers, surpassing the 2020 pre-pandemic levels in January. However, declining income of rural households continued to impact sentiments of two-wheeler buyers, resulting in 13% lower sales...

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India's wheat planting remains steady despite record high prices - Rajendra Jadhav
February 6, 2023

Reuters India's wheat plantings remained steady despite a rally in price of the staple to a record as farmers in a key producing central state shifted to rapeseed (mustard) to take advantage of even higher prices for the oilseed, farm ministry data showed on Monday. A lower-than-expected...

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