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News on Medial
UK economy entered recession in second half of 2023
Economic Times
·
1y ago
Medial
According to the Economic Times, the UK economy slipped into a recession during the latter half of 2023. This downturn is attributed to various factors such as supply chain disruptions, labor shortages, and global economic uncertainties. The recession poses significant challenges for policymakers as they seek to stabilize the economy and foster recovery amidst ongoing uncertainties.
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Salesforce lifts annual revenue, operating margin forecast amid strong demand
Economic Times
·
1y ago
Medial
Earnings of major cloud players Amazon.com and Google hint at the tech spending slowdown nearing its end, boosting optimism for a second-half 2023 recovery in technology spending.
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Indian fintech industry remains third-highest funded in H1 2023 despite 67 per cent drop
Business Today
·
2y ago
Medial
The Indian fintech industry remained the third-highest funded in the world in the first half of 2023, reveals a new report by market intelligence platform Tracxn. Notably, the country trails the US and UK, just as it did in the previous year.
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SoftBank-backed Cars24 aims to turn a corner in UAE, to weigh Saudi re-entry
VCCircle
·
1y ago
Medial
Cars24, a SoftBank-backed Indian used-car online retailer, is working towards making its UAE operations profitable by the second half of 2024. After achieving this goal, the company plans to consider re-entering the Saudi Arabian market, which it exited in April this year. Cars24 entered the Middle East market two years ago and has been expanding its presence in the region.
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India leads white-collar job growth in January, surpasses US, UK: Survey
Business Today
·
5m ago
Medial
In January 2025, India led the global increase in white-collar job openings, surpassing growth rates in the US and UK, according to the Robert Walters Global Jobs Index. Compared to the second half of 2024, India saw a remarkable 38.16% rise in job opportunities, particularly in HR, procurement, supply chain, technology, and consulting within the professional services sector. This growth rate outpaced that of the US and UK, which reported smaller increases of 16.61% and 7.72%, respectively.
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Freshers' Hiring Intent Rises To 65 per cent In HY2 2023, Up 3 per cent From HY1
OutlookIndia
·
2y ago
Medial
Freshers' hiring intent in the second half of 2023 increases to 65%, marking a 3% rise from the first half. This growth indicates a positive trend in the job market for recent graduates. The ed-tech sector appears promising, with companies displaying an increased inclination to recruit fresh talent, reflecting a positive outlook for employment opportunities in the latter part of the year.
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Startups’ pink slip count falls to 10,000 amid funding blues
Economic Times
·
1y ago
Medial
Startups in India have laid off approximately 10,000 employees in 2024, as funding remains constrained and companies prioritize improving their bottom lines. This is an improvement compared to the previous year, with 15,000 employees laid off in the last six months of 2023 and 21,000 in the first half of 2023. Despite the slowdown, startups are still facing challenges, with companies like Swiggy, Ola, Flipkart, and Paytm reducing their workforce. Layoffs are also being conducted more quietly and gradually through "silent layoffs." The second half of 2024 is expected to see around 5,000 more layoffs.
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Asia to emerge as equity deals hot spot as India activity surges
VCCircle
·
1y ago
Medial
Asia is expected to see a surge in equity deals in the second half of this year, with a revival in IPOs in Hong Kong and a string of mega deals in India. India's share in Asia's equity capital market (ECM) deals is at a record high, with a total of $28.5 billion raised in the first half of 2024. In comparison, mainland Chinese ECM deals dropped by nearly 70%, and IPOs in Hong Kong also experienced a decline. The positive growth outlook of India's economy and improved sentiment towards Hong Kong and China are expected to attract more foreign investors.
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Japan’s economy unexpectedly slips into recession, loses 3rd largest economy tag
CNBC
·
1y ago
Medial
Japan's economy unexpectedly slipped into a recession in the October-December period, with provisional GDP contracting by 0.4% year-on-year and 0.1% quarter-on-quarter. Weak domestic demand, attributed to high inflation, hampered growth. This challenges the Bank of Japan's interest rate normalization plans and Japanese Prime Minister Fumio Kishida's fiscal policies. Despite some positive indicators, such as a low unemployment rate, sluggish growth is anticipated due to negative household savings rates. Germany overtook Japan as the world's 3rd largest economy.
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Indian Startup Funding Breaches $150 Bn Mark In H1 2024
Inc42
·
1y ago
Medial
According to Inc42's 'Indian Tech Startup Funding Report H1 2024', the funding in India's startup ecosystem reached $151 Bn between 2014 and H1 2024. Funding in 2021 was at its peak with $42 Bn, but dropped significantly to $10 Bn in 2023. In the first half of 2024, Indian startups raised $5.3 Bn, and it is anticipated that funding will witness a rapid increase in the second half of the year.
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Shein faces investor pressure to slash valuation to $30 billion ahead London IPO: Report
Economic Times
·
5m ago
Medial
Online fashion retailer Shein faces pressure to lower its valuation to $30 billion before a potential London IPO, according to Bloomberg. Shareholders recommend this adjustment to ensure a successful UK public offering. Originally valued at $66 billion in 2023, Shein plans to reduce its London listing valuation to around $50 billion. Regulatory approvals in the UK and China are needed. The IPO, initially planned for early this year, might be postponed to the latter half due to regulatory changes.
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