Indra Nooyi and Shantanu Narayen have been named among America's '25 Top Gun CEOs' for their outstanding role in turning around the fortunes of their companies during a recession.
Careers360 takes stock of training institutes that aim to make job-seekers more 'employable'
There are multiple reasons for a desperate Beijing to teach India the final lesson, thereby ensuring Chinese supremacy in Asia in this century.
Welcoming the latest round of stimulus announced by Finance Minister Nirmala Sitharaman on Thursday, experts said the measures will support the economic recovery boosting demand, job creation and by providing funds to the MSME and stressed sectors. The fiscal impact of the stimulus is likely to be around 0.25-0.6 per cent of GDP in the current fiscal, they said.
But at the same time before leaving for Presidential Day recess, the Senate has not cleared the names of at least a dozen Obama nominees. Obama warned that if the Senate does not approve/confirm his nominees, who are critical to run his administration, he reserves the right to use his recess appointment authority in the future.
Voicing concern over the global recession, G-20 Finance Ministers have asked their central banks to adopt aggressive and unconventional monetary policies to ensure price stability and restore growth.
The global COVID-19 situation, rollout of vaccines, geopolitical trends, Union Budget and economic recovery would be the major factors driving investor sentiments in 2021 after a tumultuous year which saw both 'the worst of times and the best of times' for the stock market, said analysts. What a year 2020 turned out to be! From witnessing gigantic losses to record-shattering gains, investors went on a roller-coaster ride amid the coronavirus pandemic and massive stimulus measures. Markets closed 2020 with remarkable gains of around 16 per cent, but will the winning ways continue in 2021 as well?
As he projected a grim outlook for the economy, RBI Governor said that amidst this encircling gloom, agriculture and allied activities have provided a beacon of hope on the back of an increase of 3.7 per cent in foodgrains production to a new record.
'The situation is quite terrifying as you have no job creation and there will be loss of jobs.'
2009 was an eventful year and as we look back there were many landmark personal finance news and developments that will accompany us into the New Year. It is important to understand their impact and learn so that we become better at managing our finances and investments.
Many have questioned the wisdom of Bernanke's efforts to bail out the financial system as it teetered last year, and his decision to flood markets with newly printed money this year.
Biden, 77, who served as vice president of the US for eight years from January 2009 to January 2017, would deliver his acceptance speech on Thursday.
In the US, recession started in December 2007, and will last at least until December 2009 - the longest and deepest US recession since World War II, with the cumulative fall in GDP possibly exceeding 5 per cent. The recession in other advanced economies (the euro zone, United Kingdom, European Union, Canada, Japan, Australia, and New Zealand) started in the second quarter of 2008, before the financial turmoil in September and October further aggravated the credit crunch.
Most emerging economies may be returning to growth, but they are performing well below their potential.
The US government said its massive $787-billion economic stimulus package, unveiled to rescue the country from the worst recession in decades, will benefit the development of cities and create jobs.
Being the world's most expensive sport, Formula One did face some recession blues, but sponsors are coming back and there is no financial crisis, F1 supremo Bernie Ecclestone declared on Wednesday.
The types of jobs to be brought back home could require staff to work weekend shifts and up until 11pm at night. The communications workers union has said that it will be unfair for call centre operators to work for the hours, particularly for those with families.
Addressing the Congress Working Committee, the president of the party said, ""Misfortunes do not come singly. India has been hit by a terrible economic crisis, a pandemic of huge proportions and, now, by a full-blown crisis on the borders with China. Much of each crisis is attributable to the mismanagement of the BJP-led National Democratic Alliance government and the wrong policies pursued by it."
American President Barack Obama on Tuesday extended the tenure of US Federal Reserve Chairman Ben Bernanke by another term.
The US economy is in danger of sliding further into recession and taking down finances of towns and cities with it.
Gold, which was hovering around $1,321 an ounce in January 2019, has already breached $1,600 per ounce in the past few sessions to a seven-year high.
Markets are assuming that by the second half of 2021, the world will be approaching some type of normalcy, points out Akash Prakash.
With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic.
'The numbers are null and void now. Look, we can give out projections now, but we know that a week later those numbers will also be irrelevant. So we need to wait,' a top government official said.
US President Barack Obama on Thursday said he has managed to pull the American economy back from brink; which has been experiencing the worst recession since the great depression of the last century.
The President, who has become chief shareholder in several US firms, said, "I don't want to run auto companies. I don't want to run banks. So the sooner we can get out of that business, the better off we are going to be".
The 'worst' for Indian exports, which are in the negative territory since October 2008 due to the global recession, seems to be over, Commerce and Industry Minister Anand Sharma said.
Britain's Queen Elizabeth II has suffered over one billion pound dip in the value of her properties owing to the current global recession.
As the world grappled to cope up with the "worst global recession in a generation," President Barack Obama on Tuesday said that prosperity in countries like India and China is good for the United States and West as it opens new markets for them and pushes their businesses to innovate.
Parts of a mutilated body washed up on the sands of Copacabana Beach in Rio de Janeiro on Wednesday, police said, just meters (yards) from where beach volleyball athletes will compete in the upcoming Olympics.
The benchmark BSE Sensex could dive to 22,000 levels by end of the current fiscal.
Faced with over $1 trillion fiscal deficit, US President Barack Obama has said Americans need to reduce expenditure and cut costs, or else India and China will outperform them.
Rediff reader Sherfudeen Mohamed, 41 from Canada shares his inspiring story:
Coming down heavily on top guns in the diamond trade in the country, Gujarat Chief Minister Narendra Modi on Friday warned key players that workers engaged in manufacturing gems and jewellery cannot be left in the lurch in the current global recession.
Disparity in India during last six years, senior managers have been paid 11.7 times more than their lower level workers
'There are voters that may only come out to vote for him because he's speaking to their issues and they may not be Democrat or Republican'
Global oil demand will collapse next year and commodities will not return to the highs they reached this summer in the foreseeable future, two authoritative reports said on Tuesday as they forecast a long and painful worldwide recession.
Will retirement bedim the sparkle of Captain Cool, asks ad guru Sandeep Goyal?
So clear are the signs of a US downturn that the National Bureau of Economic Research, the most prestigious US independent economic authority, said the country has been in recession since December 2007.
Fitch Ratings director Thomas Rookmaaker said India's debt-to-GDP ratio is likely to rise to 76 per cent from 70 per cent currently due to wider fiscal deficit and low economic growth.
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