Economy

Entrepreneurship Soars as Global Economy Rebounds

As the global economy rebounds from the impact of the COVID-19 pandemic, a surge in entrepreneurship is being witnessed worldwide. Entrepreneurs, fueled by newfound optimism and evolving market dynamics, are seizing opportunities to innovate, create jobs, and drive economic growth. The pandemic-induced disruptions and changing market landscape have served as catalysts for entrepreneurial endeavors. As …

SoftBank Explores Credit Fund Offerings to Support Tech Startups

SoftBank Group, the Japanese conglomerate known for its investments in technology companies, is reportedly considering the launch of credit funds aimed at providing financing options to startups in need of capital. The move comes as SoftBank seeks to diversify its investment offerings and further support the growth and expansion of promising tech ventures. Traditionally, SoftBank …

Reliance Industries’ JioMart Streamlines Operations, Resulting in Layoffs in B2B Unit

Reliance Industries’ e-commerce venture JioMart has recently undertaken a restructuring process that has led to the layoff of over 1,000 employees in its business-to-business (B2B) unit. The move comes as the company seeks to streamline its operations and optimize its workforce in response to evolving market dynamics. JioMart, which was launched by Reliance Industries as …

Indian Digital Economy Set to Reach $1 Trillion Milestone by 2025-2026, According to MoS Chandrasekhar

India is on track to achieve a momentous milestone in its digital transformation journey, with the digital economy expected to surpass $1 trillion by 2025-2026, as projected by the Minister of State for Electronics and IT, Shri Rajeev Chandrasekhar. This ambitious goal reflects the country’s growing prowess in the digital space and highlights the significant …