Slowing China
Even as the IMF cut India’s GDP growth forecast for 2019 to 6.1 per cent, China’s also seen its recent growth slump to the slowest in 30 years.
Read more: China's GDP growth grinds to near 30-year low as tariffs hit production
Hiring pickup
The festive season has boosted flexi hiring by retailers
Also read: Festive season hiring continues amid muted job growth
And India’s IT majors are also stepping up hiring after a two-year limbo
Read more: Hiring by Big Three IT firms up 59% in Q2
Rural slowdown
Rural growth in FMCGs has continued to slow and has undershot urban growth for the first time in 7 years.
Also read: FMCG performance in rural India worst in 7 years: Nielsen
Small packs selling
Coca Cola’s CEO said in a concall that India has remained a growth market for it with immediate coonsumption packs growing fast.
India's immediate consumption transactions grown double-digits
Stuck again
The two-year old Bhushan Power resolution before the IBC is caught in a new legal tangle as the Enforcement Directorate readies to challenge the NCLAT order directing it to release the company’s attached assets.
Only five days before, the NCLAT had directed the ED to release Bhushan Power’s assets, upholding the JSW petition seeking immunity for the company from the ED investigation of Bhushan promoters.
Bhushan Power case: ED to move apex court against NCLAT order
Frivolous plea
Bombay High Court has dismissed an attempt by the tax department to withhold tax refunds to Vodafone Idea because it reported large losses this year, from profits the previous year.
Bombay HC orders IT dept to refund about ₹1,000 crore to Vodafone Idea
Robot threat
Automation is a live threat for Indian industry as some businesses have already seen robots replace human workers
India’s employment challenge may worsen as robots snatch away jobs
Compiled by Aarati Krishnan
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