 "India faces a dire skills gap in engineering, endangering economic growth as 90% of graduates struggle for employment.")
India produces around 1.5 million engineering graduates each year, but a significant employability gap exists. Only about 60% of these graduates are likely to find jobs, with just 45% meeting the skill requirements set by employers. This shortfall is due to a skills gap, particularly in advanced technologies and industries such as AI, robotics, and ...
 "RBI embarks on a monumental 4-5 year project to revolutionize currency management, ensuring safety, efficiency, and eco-friendliness for India’s economic future.")
The Reserve Bank of India (RBI) is planning a major overhaul of its currency management system over the next 4-5 years to meet the growing cash needs of the economy. This modernization will include building new currency management centers, automating warehouses, and improving security and inventory systems. The RBI noted that while the growth rate ...
 "RBI Governor Shaktikanta Das predicts India’s growth potential at 7.5% amidst balanced inflation and economic risks, addressing global finance in Singapore.")
Reserve Bank of India Governor Shaktikanta Das, speaking at the Future of Finance Forum in Singapore, projected India’s growth potential at over 7.5 percent for the ongoing financial year, surpassing the RBI’s own estimate of 7.2 percent. He acknowledged a slower growth rate of 6.7 percent in the April-June quarter due to reduced government spending ...
 "Gold skyrockets to a record 55 amidst rate cuts and economic uncertainty, signaling potential market shifts ahead.")
Gold prices have reached a new record high of $2555, breaking the previous peak of $2532 after a period of consolidation. This surge comes amid rising US jobless claims and a downward revision in prior Producer Price Index (PPI) data, along with the European Central Bank’s recent rate cut. Spot gold was trading positively at ...
 "US-China tensions rise as American businesses report historic lows in optimism and profitability, urging tariff reductions amidst economic uncertainty.")
US businesses operating in China are facing significant challenges, leading to a record low in optimism about their five-year outlook. A recent survey by the American Chamber of Commerce in Shanghai revealed that only 47 percent of American firms feel positive about their future in China, down five points from last year. This decline is ...
 "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 ...
 "Stock markets face uncertainty as investors react to global trends and await crucial economic data, with oil prices hovering low.")
On Wednesday, September 11, 2024, India’s stock Market is set to open cautiously, following global trends. The Sensex and Nifty indices are expected to show mixed results, with GIFT Nifty futures down 5 points at 25,092. Investors are closely watching oil prices, which are nearing three-year lows, and the recent OPEC cuts in crude demand ...
 "India’s hiring optimism soars to 37%, leading globally, driven by strong sectors and robust economic growth amidst talent demand.")
The employment outlook in India for the fourth quarter of 2024 is highly optimistic, with 37 percent of employers planning to hire more staff. This figure, reported in the ManpowerGroup Employment Outlook Survey, positions India as having the strongest hiring sentiment globally, surpassing countries like Costa Rica and the United States. The survey reflects a ...
 "Trump vows to penalize nations abandoning the dollar with steep tariffs, intensifying the economic battle in his campaign against Harris.")
Donald Trump, during a rally in Wisconsin, emphasized his commitment to protecting the US dollar, proposing hefty tariffs on countries that move away from using it. He stated that any nation that stops using the dollar for trade would face a 100% tariff on their goods. This move comes after months of discussions among his ...
 "Odisha CM Majhi inaugurates India’s first silicon carbide facility, promising economic growth, innovation, and over 500 new jobs.")
Odisha Chief Minister Mohan Charan Majhi recently attended the groundbreaking ceremony for India’s first silicon carbide manufacturing facility in Odisha, with an investment of Rs 620 crore. The project, developed by RIR Power Electronics Limited in Bhubaneswar’s EMC Park, aims to position Odisha as a leader in the global power electronics Market. The facility will ...
