A recent survey revealed a concerning bribery issue. 66% of businesses across 159 districts admitted to paying bribes. 54% felt forced, while 46% paid to speed things up. Bribery occurred despite computerization efforts. Businesses paid bribes to various entities, including…
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SpiceJet significantly downsized its workforce in FY24, while increasing the proportion of employees earning above minimum wage. Despite revenue decline and increased lease costs, the airline narrowed its net loss and achieved positive EBITDA. A QIP raised funds to revive…
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Asian Development Bank (ADB) has approved a USD 350 million policy-based loan to support India strengthen and modernize logistics sector.
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Bajaj Electricals’ original tax demand of ₹1.48 crore for FY17-18 has been reduced to ₹6.09 lakh by an appellate authority under the GST Act. The company plans to utilize the government’s amnesty scheme, paying the reduced tax amount while waiving…
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The rupee had declined to its all-time low of 84.7575 earlier in the week, hurt by weakness in the Chinese yuan and strong dollar bids in the non-deliverable forwards market, prompting intervention by the RBI.
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Skilled tech professionals, particularly in AI, are increasingly choosing freelance work, commanding high hourly rates on platforms like Upwork and Appen. Indians are prominent, offering competitive rates while demand for AI skills like data annotation and training surges. This shift…
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