Indian low is fooling the poor while big companies like Reliance Industries Ltd. reduce their workforce by 11% in FY24, despite being profitable. Meanwhile, the unemployment rate is at 9.2%.
Reliance laid off 42,000 employees in FY24
Reliance Industries laid off around 42,000😨
employees in FY24 compared to a year ago, according to its latest annual report. RILs
employee strength stood at 347,362 in FY24 compared to 389,414 in FY23, me
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Mahendra Lochhab
Stealth • 8m
Reliance Industries Ltd entity is set to offer a range of 5G shared network infrastructure solutions in Africa with a local company backed by Ghana, marking the conglomerate's entry into the league of global telecom tech and equipment vendors.
How Reliance Earns Money 💰
● Reliance Industries generated ₹2,57,529 crore in Q1 FY24.
● Oil to Chemical business was the largest contributor with 52% of revenue.
● Retail contributed 27%, including Reliance SMART, AJIO, Hamleys, and JioMart
Will India be the next Germany?
The video I watched highlighted several key differences between India and Germany, particularly in terms of our education system and the focus on quality in our industries and startups.
One critical point is the need
Did you know Apple relies on Samsung for its stunning iPhone displays? 🌟
Despite being fierce competitors, Samsung's cutting-edge OLED technology powers the vibrant screens we love on iPhones. Why? Samsung leads the market with unmatched quality a
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financialnews
Stealth • 2m
Siemens to Restructure Workforce, Plans to Reduce Up to 5,000 Jobs
Siemens to Cut Thousands of Jobs Amid Profit Decline
German tech giant Siemens is set to cut up to 5,000 jobs in its factory automation division. This decision comes after a signifi
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Jayant Mundhra
•
Dexter Capital Advisors • 9m
Mukesh Ambani’s FMCG business is highly underperforming 📛📛
Yet, what we see the media do is celebrate the sub-par execution by over-emphasising on the Rs 3k crore sales figure for FY24.
It’s only on a deeper deepdive, that you see things as they
Jio Financial Services (JFS) is making big moves. Yes! Jio DHAN DHANA DHAN!
They're set to buy telecom equipment and infrastructure from Reliance Retail for about Rs 36,000 crore to boost their lending business.
They're also aiming to increase f
Klarna Stopped Hiring Humans A Year Ago Because Of AI
By
Applyly
December 16, 2024
Klarna, a Swedish fintech giant, has reshaped its workforce strategy, leveraging artificial intelligence (AI) to replace traditional roles. Over the past year, Klarna’
