Author: Team Admin

New Delhi: Unilever has laid off 7,500 employees globally in a move to ‘accelerate its Growth Action Plan (GAP)’ on Tuesday, March 19, 2024. The company plans to cut jobs worldwide, and expects the total restructuring costs to be about 1.2 per cent of its revenue over the next three years. “The proposed changes are expected to impact around 7,500 predominantly office-based roles globally, with total restructuring costs now anticipated to be around 1.2 per cent of Group turnover for the next three years (up from the around 1 per cent of Group turnover previously communicated),” said the company. The…

MUMBAI: The high visibility of structural demand and healthier corporate and bank balance sheets are likely to propel India’s growth going forward even as the global economy is losing steam, according to the Reserve Bank of India’s (RBI’s) monthly bulletin released on Tuesday. The report states that high-frequency indicators point to a further levelling of growth in the global economy in the period going ahead. While business activity is showing some slender improvement in both advanced and emerging economies, external demand remains subdued amidst country-specific weaknesses, including in the property sector, and spiralling public debt. Labour markets remain resilient but…

MUMBAI: Airlines domiciled around India have survived due to Air India’s weakness, but the carrier now has an opportunity to reclaim the market from them and transform the country into a hub for travellers, said the airline’s Chief Executive Officer and Managing Director Campbell Wilson. “India, as a country, had 43 wide-body aircraft at the time of Air India’s privatisation, while Dubai had 250, Singapore had 150, and Qatar had 175. That highlights the subscale nature of Air India and the opportunity it has to grow,” Wilson said in his speech at the 45th anniversary celebrations of the chartered accountancy…

Goemkarponn desk Panaji: The Museum of Goa (MOG) in Pilerne is showcasing the ancient art of ceramics presented in a contemporary avatar by six Goa-based women ceramicists at the ‘Unearthed’ exhibition, open for public viewing until March 31. ‘Unearthed’ will lead visitors on a 16-day immersive journey into the world of ceramics that also contains a series of events such as hands-on workshops, performances, a panel discussion with the participating artists and a pop-up on the final day that introduces ceramics to a wide audience. In the exhibition, which is supported by Mumbai-based Bhoomi Pottery, artists Ragini Deshpande, Avani Tanya,…

New Delhi: India has again rejected the “absurd claims” and “baseless arguments” made by China on Arunachal Pradesh, asserting that the northeast State is an “integral and inalienable part of India.” The Ministry of External Affairs in an official statement today noted that the people of Arunachal Pradesh will “continue to benefit” from India’s development programmes and infrastructure projects. “We have noted the comments made by the Spokesperson of the Chinese Defence Ministry advancing absurd claims over the territory of the Indian State of Arunachal Pradesh. Repeating baseless arguments in this regard does not lend such claims any validity,” said…

Chennai: Prime Minister Narendra Modi conducted a massive rally in Salem in western Tamil Nadu, a stronghold of BJP’s former ally AIADMK and the home turf of party chief Edappadi K Palaniswami. It was Prime Minister’s sixth visit to Tamil Nadu this year and third campaign in three weeks including a roadshow at Coimbatore yesterday, where the BJP has a stronger presence. In 2021, the BJP won the Coimbatore assembly seat in alliance with the AIADMK. The strategy is to breach the Dravidian party’s bastion to expand its negligible presence. Dr Ramadoss’ PMK joined hands at the Salem rally and…

MUMBAI: India’s highly anticipated tour of Australia later this year will kickstart with Perth hosting the five-Test series opener in late November. According to a report Adelaide, Brisbane, Melbourne and Sydney have also been penciled in as the venues of the high-profile tour. As per The Sydney Morning Herald, Adelaide will play host to the second Test of the series and it will be a day-night contest followed by the third game in Brisbane. Melbourne will continue to host the traditional Boxing Day Test while the New Year’s Test stays with Sydney. Cricket Australia is yet to finalise the schedule…