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Samsung plans to cut up to 1,000 jobs in India and reduce global workforce by 30% amid economic pressures.

Samsung plans to cut up to 1,000 jobs in India and reduce global workforce by 30% amid economic pressures.

Samsung Electronics, the leading global manufacturer of smartphones and memory chips, is set to lay off up to 30 percent of its overseas staff, potentially affecting around 1,000 employees in India. The company plans to reduce its sales and Marketing workforce by 15 percent and administrative staff by 30 percent across various regions, including the ...

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Amid Bail Boomerang, AAP Leaders Claim ‘No Solid Proof’ as Political Tug-of-War Intensifies in Delhi’s Excise Saga

Delhi MLA Durgesh Pathak, a senior leader of the Aam Aadmi Party (AAP), has been granted bail alongside another person in connection with the previously withdrawn Delhi excise policy for 2021-22. While Pathak was released, Delhi Chief Minister Arvind Kejriwal, also a co-accused, remains in judicial custody until September 25. The Central Bureau of Investigation ...

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Amid slowed capital expenditure, key ministries excel while telecom struggles, influencing GDP growth during an election-constrained quarter.

Amid slowed capital expenditure, key ministries excel while telecom struggles, influencing GDP growth during an election-constrained quarter.

During the April to July period, the growth of central government capital expenditure (capex) was sluggish, with an overall spending of only 24%. However, several ministries excelled, notably housing, roads, railways, health, and atomic energy, which all exceeded average spending rates. In contrast, the Department of Telecommunications spent just 1%, a significant drop from the ...

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India’s Telecom Revolution: Will Scindia’s 6G Vision Rise Like a Phoenix or Crash Before Lifting Off?

Union Telecom Minister Jyotiraditya Scindia announced India’s ambitious plans to achieve a significant presence in global sixth-generation (6G) mobile technology during his keynote at the AIMA National Management Convention. Following the country’s rapid rollout of 5G, Scindia aims for India to secure 10% of international patents in 6G through the Bharat 6G Alliance. He highlighted ...

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The Union Cabinet allocates ₹14,335 crore to accelerate electric vehicle adoption, emphasizing e-buses and transformative charging infrastructure.

The Union Cabinet allocates ₹14,335 crore to accelerate electric vehicle adoption, emphasizing e-buses and transformative charging infrastructure.

The Indian government has approved two significant schemes to enhance the use of electric vehicles (EVs) with a total investment of Rs 14,335 crore. The PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) will replace the earlier FAME scheme, focusing on various electric vehicles like two-wheelers, three-wheelers, ambulances, and trucks, and offer incentives ...

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Union Finance Minister Nirmala Sitharaman announces GST relief for automotive, advertising, data hosting, and exporters, boosting growth and competitiveness.

Union Finance Minister Nirmala Sitharaman announces GST relief for automotive, advertising, data hosting, and exporters, boosting growth and competitiveness.

The Union Finance Ministry recently provided relief to several industries, including automotive, data hosting services, and advertising agencies that work with foreign clients. One key circular clarified that demo vehicles used by dealers for test drives can still qualify for GST deductions, as they support vehicle sales. Another circular recognized data hosting services provided by ...

Market News

Modi’s Grand Show: Semicon India 2024 in Noida Sparks Traffic Chaos—Is Innovation Worth the Commute?

Prime Minister Narendra Modi is set to inaugurate Semicon India 2024 at the India Expo Mart in Greater Noida on September 11. The event, lasting three days, focuses on the semiconductor ecosystem. In anticipation of the high-profile visit, the Noida Traffic Police have issued a traffic advisory to manage expected disruptions. Drivers are advised to ...

Market News

Strides Pharma secures overwhelming approval to launch OneSource, a pivotal CDMO, as it seeks final nod from NCLT for growth.

Strides Pharma secures overwhelming approval to launch OneSource, a pivotal CDMO, as it seeks final nod from NCLT for growth.

Strides Pharma Science announced that it has received overwhelming approval from shareholders and secured creditors for the formation of OneSource, a specialty contract development and manufacturing organization (CDMO). This decision comes after meetings facilitated by the National Company Law Tribunal (NCLT). The creation of OneSource will integrate the Oral Technologies business from Strides, Sterile Injectables ...

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