/Tag: Jobs

Indians are job makers, not job takers in the US

2020-08-20T04:57:04+00:00June 19th, 2020|In Focus: Covid-19 impact, India Inc Views - India Global Business|

A recent CII report has found that Indian companies have invested $22 billion across all 50 US states and created 125,000 jobs for locals. This can help mediators find a middle ground on the differences that have cropped up on trade at a time when both democracies face a threat to a rising hegemon.

Amazon creates 50,000 temporary jobs in India

2020-05-25T14:13:20+00:00May 25th, 2020|India Inc Views - India Global Business, News in Brief|

The temporary hires would function out of its fulfilment centers in India as part of their delivery network. E-commerce giant Amazon will hire 50,000 temporary workers to meet a surge in online shopping in India. The temporary hires would function out of Amazon India’s fulfilment centers as part of their delivery network, the company said while reiterating its commitment to India’s workforce, which in recent times have faced job cuts due to the COVID-19 pandemic. These temporary associates will work [...]

Indian companies on job creation spree in UK

2020-05-15T20:01:52+00:00May 15th, 2020|Editorials - India Global Business, Home Page|

UK Investment Minister Gerry Grimstone hails the added 6,000-plus jobs created by 842 Indian companies in the UK over the past year. Highlights: According to the India Meets Britain Tracker 2020, 842 Indian companies generated 110,793 jobs in Britain this year. The total turnover of these companies added up to £41.2 billion, with corporation tax payments of £462 million over the past year. Lord Gerry Grimstone noted that COVID-19 presents an opportunity for India to show global leadership. The [...]

Tata Steel struggles with global industry glut

2019-12-13T07:28:06+00:00December 13th, 2019|2019, UK Edition – 13 December 2019|

Tata Steel Europe recently unveiled a set of restructuring plans to try and reverse its loss-making streak, spurred by worldwide woes faced by the steel industry in the form of overcapacity and stagnant demand. Highlights: Tata Steel is enforcing restructuring and cost-cutting plans for its European business. The plans include cutting back bureaucracy and greater use of technology to enhance efficiency in order to become more cash-positive in a tough market. The announcement comes after Tata Steel Europe announced plans [...]

India reaped a bumper harvest of jobs in 2017-18

2018-08-09T08:27:07+00:00August 1st, 2018|2017/2018, UK Edition - August 2018|

A new study by leading Indian economists fact-checks some figures on India’s youth entering the job market every year. The rumbling will grow in intensity as the Lok Sabha elections draw nearer. The now-united-now-fragmented Indian Opposition is looking around desperately for issues to corner Prime Minister Narendra Modi and his government with. Demonetisation, which the Opposition thought was its trump card, actually delivered a landslide for the BJP in Uttar Pradesh. The Goods and Services Tax (GST), which Congress leader [...]

India’s big job crunch

2018-12-06T13:13:09+00:00January 6th, 2017|2018/2017, India Investment Journal January 2017, Top 5 Things to Watch in 2017, Year|

With a million people entering the job market every month, India’s economy desperately needs to find a way to make space for them. The morning of September 17, 2015, India woke up to a curious headline: PhD holders among 2.3 million applicants for peon jobs in UP. The response to 368 vacancies for peons in the most populous state of the country had been a record of sorts. The minimum qualification for the post was no more than school education [...]