GST collection numbers could boost struggling economy

There is a relief in the midst of the slowdown in the economy. There has been a jump of six per cent in the GST collection in November. GST collection has reached Rs 1.03 lakh crore in November. This has happened three months later when…

Samsung India To Hire 1,200 Engineers

Samsung India has offered some good news during a period of slow economic growth. The company has said that it is preparing to hire more than 1,200 engineers from top institutes like IITs and BITS Pilani this year. The international tech giant is making this…

Catalyst launches hostile bid to acquire Hudson’s Bay Company

The war is declared between Catalyst Capital and the “Baker Group”, which has already agreed with the Hudson’s Bay Board to take control of the company. Catalyst, which holds approximately 17.5% of HBC’s shares, offers $ 11 per share in cash. In doing so, the…

US economy grew 2.1% in third quarter

The United States economy registered a growth of 2.1% in the third quarter, slightly higher than forecast. But many economists argue that the country is slowing in the current quarter. The Commerce Department said today that the growth rate of gross domestic product, total goods…

Audi will eliminate 9,500 jobs by 2025

Audi will eliminate 9,500 jobs in Germany by 2025 as part of a transformation plan to make the company “efficient and sustainable,” the German automaker said today. The Volkswagen subsidiary based in Ingolstadt said that, at the same time, it expects to add 2,000 new…