The world of business moves quickly, and staying up to date on the latest news and trends can be critical to success. That’s why we’ve compiled the top five business news stories from News 18 to keep you informed and ahead of the game.
1. India’s GDP contracts by 7.7% in 2020
The pandemic has hit the Indian economy hard, and the latest figures show that the country’s GDP has contracted by 7.7% in 2020. This marks the worst contraction in over four decades, with all sectors of the economy impacted. However, there are signs of recovery, with the manufacturing and services sectors showing some positive growth in recent months.
2. Wipro acquires Capco for $1.45 billion
In a significant move, IT services company Wipro has acquired management and technology consultancy firm Capco for $1.45 billion. This acquisition will give Wipro a strong presence in the financial services sector and is expected to boost the company’s growth and profitability.
3. Amazon to invest $1 billion in digitizing small businesses
E-commerce giant Amazon has announced plans to invest $1 billion in digitizing small businesses in India. This comes as part of the company’s efforts to provide support to small and medium-sized businesses, which have been hit particularly hard by the pandemic. The investment will focus on providing digital tools and training to help businesses reach customers online.
4. Ola Electric appoints former Jaguar Land Rover executive as CEO
Ola Electric, the electric vehicle arm of ride-hailing platform Ola, has appointed former Jaguar Land Rover executive Wayne Burgess as its CEO. With over 25 years of experience in the automotive design industry, Burgess is expected to lead Ola Electric’s growth as it prepares to launch its electric scooter later this year.
5. HDFC Bank CEO resigns
Aditya Puri, the longtime CEO of HDFC Bank, has announced his retirement. Puri has been at the helm of the bank for over 26 years and is credited with building HDFC Bank into one of the most successful banks in India. His retirement marks the end of an era for the bank, which will now be led by Sashidhar Jagdishan.
In conclusion, staying up to date on the latest business news is essential for anyone looking to succeed in today’s fast-paced business environment. These stories from News 18 highlight some of the key developments taking place in India and around the world, from economic data to major acquisitions and leadership changes. By staying informed and keeping a close eye on these trends, you can position yourself and your business for success in the months and years ahead.
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