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Anonymous

Hey I am on Medial • 1y

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

Havish Gupta

Figuring Out • 1y

42k is just crazy 😧

Anonymous 2

Hey I am on Medial • 1y

He is just another businessman. People calling this guy nationalistic and the champion of make in India are the biggest fools. These people are doing mental gymnastics to defend crony capitalism and how it's important for a developing country like In

Havish Gupta

Figuring Out • 1y

At the end Money is everything so anyone will make such dicisions

Anonymous 2

Hey I am on Medial • 1y

No it doesn't work that way. If private companies don't invest enough in R&D the country will still remain poor with poverty of aspiration. Look how faang companies invest in research and development. Leave it just look at some of the smallest pharma companies in the west invest in their research. India just copy everything from West and implement it in India with some jugard

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Havish Gupta

Figuring Out • 1y

If I'm not wrong, these companies are investing in R&D. the number isn't a lot but huge. And this layoff is basically just for cost cut. Where is it mentioned that R&D's budget is being cut

1 Reply

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Kolkata Index
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West Bengal ranked 3rd in total no. of regd companies and total no. of active companies in India as on 31.03.23. AlsoBengal ranked 8th in new companies registered during FY 22-23. (MCA does not release city wise data of cos registered ) src - MCA A