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Reliance Industries has reduced nearly 11%, or 42,000 people, of its workforce in FY24 compared to a year ago, indicating cost-efficiency drives and reduced hiring especially in retail which also saw store closures and slower expansion rate. RIL's employee strength stood at 347,000 in FY24 compared to 389,000 in FY23. The number of new recruits was slashed by more than a third to 170,000, according to its latest annual report. «The new lines of businesses (at Reliance) have matured now and have significant support from digital initiatives. Now they are a stage to better manage the operations with optimum strength. It doesn't mean that the numbers (of headcount) won't increase when new business opportunities emerge and strategy changes. They understand very well how to drive cost management and efficiency,» said an analyst with a leading broking firm who tracks Reliance Industries, but did not wish to be named.

Canadians gearing up for a run at the fall housing market and existing homeowners with a mortgage renewal looming might see interest rates heading down in the weeks ahead thanks to recent market volatility, experts tell Global News.

MPs staged a protest in the first half of the Lok Sabha session on Wednesday when news broke about the disqualification of wrestler Vinesh Phogat from the Olympics. Both treasury benches and the main opposition bloc were visibly caught off guard by this group of MPs who were instinctively quick to sense the national sentiment over Phogat's disqualification. Chandra Shekhar Azad (Bhim Army), Harendra Singh Mallik (SP), Rajiv Ranjan alias Pappu Yadav (Independent) and a few others started raising slogans, saying «injustice has been done to the nation's daughter» and «we want the government to speak». Some female MPs of the Trinamool Congress also joined them.

Newcomer meme coin and multichain marvel, Zen The Panda ($ZEN), has achieved an impressive milestone by raising $250,000 within hours of launching its ICO. This latest addition to the meme coin universe has captured the attention of meme enthusiasts, crypto degens, and blockchain believers, who recognize its cross-chain capabilities as a glimpse into the future of meme coins.

Vinesh Phogat disqualification: After star Indian wrestler Vinesh Phogat was disqualified from the Olympics just ahead of the gold medal match, India's sports minister Mansukh Mandaviya apprised Lok Sabha of the incident on August 7. Vinesh was disqualifed for being overweight even as she was in the final stages of preparation for her title bout. The wrestler was found to be overweight by 100 grams, Mandaviya said.

policy decision on Thursday even though most expect he’ll keep interest rates unchanged again. Global markets have been roiled in recent weeks by central bank action, with the Bank of England cutting interest rates last week, the Bank of Japan hiking, and the Federal Reserve preparing to ease amid recession fears. That may give the Reserve Bank of India reason to stay cautious after keeping rates steady for 18 months already. But there is a chance the RBI may signal a pivot is coming months. Thursday will be the last rate decision of the six-member monetary policy committee before its current four-year term expires in October. Some economists expect the MPC may want to go out with a bang by possibly setting the stage for policy easing.

qualification round made quite a statement but a tough challenge awaits defending champion Neeraj Chopra as he seeks another piece of history in the Paris Olympics men's javelin throw final round here on Thursday. Just like he did at the same stage in the Tokyo Olympics three years back, Chopra needed just a few seconds to top the qualification round with his opening throw but the similarity ends there. This time, the quality of the field is better than Tokyo with nine throwers crossing the automatic final round qualification mark of 84m in Paris as against six in Tokyo. Out of the nine, five made it to the final round with their first throws and thus will have a lot in their tanks for the medal round. The 26-year-old Chopra knows it too well, having been in the global circuit for more than eight years.

«Everything that we manufacture in our new plant, which is already operational, the module plant is fully operational, and the cell plant will become operational in this month and next month. So, we will become very-very resilient in terms of our supply chain and also consistency in terms of quality and the price of the modules,» says Praveer Sinha, CEO & MD, Tata Power. Let us talk about solar rooftops because you also are a very important player in that. Tell us, what is your current market share? What are the plans going forward? How is it that you plan to scale this up? Praveer Sinha: So, we have already completed more than 100,000 rooftop solar houses. We are the biggest in the rooftop business. In the organised sector, we have more than 20% market share. We have huge plans to work with the government, especially the PM Surya Ghar Programme, and we are enhancing our capability both in terms of our channel partners, as also in terms of the reach that we will have with our own teams and the supply chain. So, over a period of time, you will see that we will become one of the biggest players of the rooftop solar in the country.

Sheikh Hasina government. Throughout modern history, students have frequently played a pivotal role in regime changes or significant policy shifts. This trend is evident in numerous landmark protests across the globe, illustrating the power and influence of student movements. In the United States during the 1960s and early 1970s, student-led protests against the Vietnam War became iconic. Campuses across America saw teach-ins, sit-ins, and shutdowns to oppose the country's involvement in the war. These actions targeted both the Johnson and Nixon administrations, as well as companies like Dow Chemicals with ties to the conflict. Thousands of students burning their drafts ultimately turned public sentiment against the war, leading to the withdrawal of American troops by 1973. In South Africa, the Soweto Uprising of June 1976 showcased students' resistance against unequal education under Apartheid. Thousands marched in protest, only to be met with armed police, which triggered widespread anti-Apartheid protests and international condemnation of the regime. These demonstrations are credited with setting the stage for the eventual end of Apartheid.

Vinesh Phogat was disqualified on Wednesday from the Olympics after exceeding the weight limit ahead of her women’s 50kg final, leaving her without a medal just hours after nearing an unprecedented gold. Phogat had made history by becoming the first Indian woman wrestler to reach the gold medal bout on Tuesday night. Prior to this morning, she was assured of at least a silver medal but will now return empty-handed due to the disqualification. «She was found overweight by 100 grams this morning. The rules do not allow this and she has been disqualified,» said an Indian coach. The Indian Olympic Association later confirmed the news and requested privacy for the wrestler, who was competing in her third Olympics.

Sebi is evaluating various accounting standards and also exploring the feasibility of extending its mandatory sustainability reporting norms to more listed companies than the current 1,000 “when the time is right”, people aware of the matter said. Given the growing importance of sustainability worldwide, the regulator wants Indian firms to prepare for such “non-financial accounting” standards that are going to dominate the world of financing and influence the way funds are raised, one of them said.

Digital payments major PhonePe is looking to set up retail payment operations in new geographies, including Southeast Asia and the Gulf region, two people aware of the company's plan told ET. Places like Singapore, the Gulf region and some countries in Europe are on the agenda, but the plan is still in the early stage and implementation will be done slowly, they said. “The plan is to apply for a payment licence in these geographies and set up retail payment operations there,” said one person, requesting not to be named. «The expertise that the team has built scaling up business in India will be handy there and there is a large opportunity as payments get digitised in these places.»

A renewed wave of dip buying spurred a rally in stocks after a roughly $6.5 trillion selloff that shook markets around the globe.

FOX Business' Gerri Willis reports on the alleged 'out-of-control' costs associated with going back to school and how much families may expect to spend this year.

Coinfest Asia, the biggest Web3 festival in Asia, returns on 22-23 August 2024 for its third edition. Coinfest Asia will present many exciting activities in Nuanu City, Tabanan, Bali.

Noah Lyles set the stage on fire with his amazing run in the men's 100m, and delivering up to the expectations of American fans, Sha'Carri Richardson fulfilled her hopes of an Olympic medal with a silver, narrowly missing out on a gold medal, grabbed up by Julien Alfred, the St. Lucian star, who has become a celebrity overnight.

Federal Reserve economist Claudia Sahm has expressed concerns that while the US isn't currently in a recession, it is alarmingly close. She predicts that central bank policymakers might need to adjust their strategies in response to the increasing risks. On Bloomberg Television’s Bloomberg Surveillance program, Sahm commented on the unexpected rise in the unemployment rate in July’s employment report, noting that this trend is historically consistent with the early stages of a recession. Although she acknowledged that the US might not be in a recession yet, the situation is precariously close. The report revealed a significant slowdown in US hiring and an increase in the unemployment rate to 4.3%. This caused the three-month moving average to exceed the 12-month low by half a percentage point, activating the Sahm Rule. Sahm developed this statistical measure to guide fiscal policymakers on when to stimulate the economy to counteract a recession.

Launched in 2017, TRON was originally positioned as an Ethereum killer. While all Ethereum killers failed to kill Vitalik’s brainchild, TRON managed to take away the leadership in the realm of stablecoin transfers. Let’s understand what happened in TRON over the last six months and in which direction it is developing.

Sandip Sabharwal, asksandipsabharwal.com, says FMCG, auto, and consumer durable companies are very well-placed because they are at the cusp of demand recovery. The input cost pressures are lower. They do not have pressure to reduce prices at this stage and as we go into the festival season, demand will be strong. So, they are well-placed and those should be the sectors that should be looked at, at the time of corrections. In the consolidation or pause that we have seen in the few odd days in the last fall, pharma has been a lot more resilient, and rightly so. Some of the earnings have managed to impress. Will the pharma recovery also get undone or do you think that is a good hiding space? Sandip Sabharwal: In terms of a defensive sector, pharma is well-placed today. It is an under-owned sector. Companies’ result delivery has been strong relatively, like there have been few companies which have not delivered, but on the whole delivery has been pretty strong.

StarChain is building a solution which

MONTREAL – Soccer fans in Montreal were left heartbroken after the Canadian women’s soccer team lost to Germany in the quarterfinal of the Paris Olympics on Saturday. But fans said they still have plenty of reasons to cheer.