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Banks are in discussions with the government on a Green Finance Framework that includes a preferential dispensation for key statutory requirements such as cash reserve ratio (CRR), statutory liquidity ratio (SLR), risk-weighted assets and additional tax benefits to promote green lending.
Hindustan Unilever (HUL) reported a 10% rise in profit and an 11% growth in sales in the March quarter, saying the rural slowdown is bottoming out but price reductions to boost demand can only happen once inflation slows further.
German engineering major Siemens is recording perhaps its best growth ever in India. The oldest multinational corporation in the country has been aggressively bidding for, and winning, contracts across segments, the latest being one for ₹26,000 crore from the Indian Railways.
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Layoff Tracker
Company Name
Layoffs
Byju’s
3,500
Unacademy
1,350
Vedantu
1,100
Cars24
600
Oyo
600
Udaan
530
Mohalla Tech
500
Mfine
500
Swiggy
380
Frontrow
280
Ola
200
DealShare
100
Cashfree
100
WazirX
60
Meesho
150
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