 "Volkswagen Faces Turmoil: Fierce Union Resistance Against Proposed Factory Closures")
Volkswagen is facing a challenging meeting as management proposes major cuts, including potential factory closures in Germany, to achieve a profit target of 6.5% by 2026. CFO Arno Antlitz and VW brand chief Thomas Schaefer will address the workforce in Wolfsburg, while works council head Daniela Cavallo warns of strong opposition to these plans. The ...
 "Intel Unveils Power-Efficient Core Ultra 200V Processors to Rival Competition")
Intel has recently launched its new Core Ultra 200V series processors, also known as Lunar Lake chips, competing against Qualcomm’s Snapdragon X Elite and AMD’s Ryzen AI 300 series for PCs. These processors promise improved power efficiency while maintaining high performance and application compatibility. PCs powered by this series will receive Microsoft’s Copilot+ features in ...
 "India’s Services Sector Surges: PMI Hits Five-Month High Amid Cost Pressures")
India’s services sector saw its strongest growth in five months, with the Services Purchasing Managers’ Index (PMI) rising to 60.9 in August, up from 60.3 in July. This marks an ongoing expansion above the crucial 50-point mark since August 2021, driven by increased domestic orders and resilient demand despite a slight dip in international orders. ...
 "Maharashtra Bus Strike: Chaos Unfolds as Court Deems Action Illegal")
The Maharashtra State Road Transport Corporation (MSRTC) employees are on strike for better salaries and working conditions, causing significant disruption to bus services just before the Ganesh festival. Many commuters are facing challenges as 63 out of 251 bus depots are completely shut, while others operate partially. The employees seek salary parity with state government ...
 "India Shatters Paralympic Records with Historic 20-Medal Win in Paris!")
India has recorded its best-ever performance at the Paris Paralympics 2024, achieving a remarkable total of 20 medals, surpassing its previous tally of 19 from Tokyo 2020. The country’s success is mainly due to the outstanding performances of track and field athletes, who secured five medals on day six alone, including two silver and three ...
 "RBI’s Lending Revolution: Risky Path to Empower India’s Small Borrowers")
India’s Reserve Bank is set to launch a “unified lending interface” aimed at enhancing access to credit for small businesses and farmers. By leveraging extensive digital transaction data from its Unified Payments Interface (UPI), the RBI hopes to encourage financial institutions to lend to those typically underserved due to a lack of documentation and collateral. ...
 "Antitrust Storm: Nvidia Faces Subpoena Amid Market Dominance Investigations")
The U.S. Department of Justice has intensified its investigation into Nvidia regarding possible antitrust violations. Following complaints from competitors about Nvidia’s Market dominance, the DOJ has issued subpoenas for further information. Reports suggest that officials are examining whether Nvidia is making it difficult for customers to switch to other chip suppliers and is penalizing those ...
 "Adani’s Bold Bond Strategy: A Test of Investor Trust Post-Crisis")
Adani Enterprises Ltd. is set to launch its first bond sale aimed at individual investors, starting Wednesday, as part of its strategy to diversify funding sources after facing challenges from a short seller’s report last year. The company aims to raise up to Rs 800 crore (around $95.3 million), with a significant portion reserved for ...
 "Byju’s Bankruptcy Drama: Lenders’ Fight for 3 Million Amid Allegations")
Byju’s, the education technology company, is facing major financial challenges as US lenders push for over $1.2 billion in repayments amid ongoing insolvency proceedings in India. A court official in India removed these lenders from a key creditors committee, hampering their influence in the repayment plan. The lenders accused the official, Pankaj Srivastava, of unfair ...
 "Home Prices Soar Amid Tight Supply and Falling Mortgage Rates in 2024")
A recent Reuters poll suggests that average home prices in the U.S. are expected to rise by 5.4 percent in 2024, with further increases projected for the following years. The forecast is influenced by anticipated drops in mortgage rates, which could improve affordability for buyers. However, tight housing supply continues to pressure the Market, making ...
