Business

Business

India’s economy may grow up to 6.8% in FY27 as domestic demand stays resilient: EY

India’s economy is poised for robust growth of 6.6-6.8% this financial year, buoyed by easing global energy prices and normalized Strait of Hormuz shipments. Inflation is expected to remain manageable around 4.5%, with the current account deficit projected at 1.5% of GDP. Strong domestic demand, particularly in consumption and investment, remains the primary growth engine,

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Business

Volkswagen considers 4 factory closures, 1 lakh job cuts amid China competition, tariff pressure: Report

Volkswagen is reportedly considering a massive overhaul, including closing four German factories and significantly increasing job cuts, potentially impacting up to 100,000 roles. This drastic move comes as the automaker faces intense competition from Chinese rivals, US tariffs, and declining European demand. The proposals, set for discussion soon, are expected to face strong opposition from

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