IITs witness fall in placement due to hiring slump: Report

New Delhi: Salaries for engineers graduating this year from the Indian Institutes of Technology (IITs) have declined due to a hiring slowdown. According to separate studies by Deloitte and TeamLease, the annual pay for the class of 2024 is now in the range of Rs15-16 lakh, media reported.

Tesla cuts down car prices amid economic slowdown

New York: Elon Musk’s Tesla has reduced the prices of its electric cars in the United States, its website showed on Thursday, apparently to offer discounts to potential customers in light of an economic slowdown.

WTO predicts a meagre 1.7 pc growth in world trade in 2023

The global uncertainties are likely to impact economic activities significantly, World Trade Organization (WTO) said on Wednesday and predicted the growth in world trade to increase by merely 1.7 percent in 2023. 

India’s GDP growth decelerates to 4.4 pc in Q3FY23, services sector continues robust revival

New Delhi: India's real gross domestic product (GDP) for the October-December quarter (Q3) of the current fiscal year decreased to 4.4%, compared to 6.3% in the previous quarter, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) showed on Tuesday.

Telecom equipment maker Ericsson to cut 8,500 jobs: Report

Ericsson, a manufacturer of telecommunications equipment, is set to reduce its expenses by terminating 8,500 employees worldwide, according to a memo seen by Reuters.

India to be the 2nd fastest growing economy at 6%, China to be at the top with 6.1%

Geneva: Indian economy will grow at 6 per cent, falling behind China by just 0.1%, to be the world's second-fastest-growing economy in the current year, UN Trade Agency has projected.