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Evonik to cut up to 2,000 jobs globally by 2026

German Chemical Company Evonik Industries, known for its products used in various items including animal feed and Pfizer/BioNTech's COVID-19 vaccine plans to cut jobs by 2026 in order to reduce costs.Read more

India's Mobile Manufacturing boom set to create 150K-250K jobs in 12-16 months

Apple, along with its three contract manufacturers in India—Foxconn, Wistron, and Pegatron—alongside domestic player Dixon Technologies, is set to significantly expand its workforce to meet the growing demand both domestically and internationally.Read more

Boeing to invest Rs 300 cr in Chennai Engineering Center, creates over 1,100 jobs

The formal announcement of this investment, facilitated through a Memorandum of Understanding (MoU), is expected to take place during the upcoming two-day Global Investors’ Meet in Chennai.Read more

India's circular economy set to reach $2 tn by 2050, creating 10 mn jobs: CII roadmap

In this roadmap, the CII and various industry stakeholders advocate for the establishment of a new entity called the National Circular Economy Authority (NCEA).Read more

PLI Scheme spurs 500,000 jobs in mobile industry: Minister

Speaking at the inauguration of Padget Electronics' Rs 256 crore smartphone manufacturing facility in Noida, Uttar Pradesh, Ashwini Vaishnaw expressed confidence in the development of the electronic components ecosystem.Read more

Impact of the PLI scheme on job creation

While large corporations play a pivotal role in India's economic landscape, it's the Small and Medium Enterprises (SMEs) that often act as the backbone of the nation's job market. The PLI scheme is a game-changer for these smaller organisations, as it provides them with a substantial boost, says Krishnendu ChatterjeeRead more

TN set to attract Rs 50,000 cr investments, generate 150,000 jobs in EV sector by 2025

Prominent EV companies contributing to the significant production in Tamil Nadu include Ola Electric, TVS Motor, Ather in Krishnagiri, Ampere Vehicles in Ranipet, BYD India in Kancheepuram, Stellantis in Tiruvallur, and E-Royce Motors in Coimbatore.Read more

IITs achieve robust placements despite job market challenges

IIT students have received pre-placement offers (PPOs), guaranteeing job placements for those who accept them. These offers have been extended before the official start of final placements.Read more

World's 1st Humanoid Robot CEO, ?Mika? brings AI Revolution

This innovative venture is the result of a collaboration between Hanson Robotics and Polish rum company Dictador.Read more

Airbus expands Indian operations, expects surge in jobs and collaborations

The company has recently entered into contracts with several firms, including Aequs, Dynamatic, Gardner, and Mahindra Aerospace, for the production of components for their commercial aircraft.Read more

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