Marissa Mayer has begun the lay off. The report says that the CEO is planning to send home any one who is rated as either ‘misses or occasionally misses’ at least twice in the past five quarters. Mayor has said that some employees are already being fired. Experts are of the openion that Yahoo has more employees than the company actually needs. Well, looks like the CEO is finally doing what her predecessors should have done 5 years before.
Monthly Archives: November 2013
Vodafone Slashed Data Rates by up to 80% Across the Country
The company claims that the new strategy will facilitate faster browsing better use of internet at lower costs.
Indian Students to Benefit from Australia’s New Visa Reforms
The government is set to simplify the student visa through AFL (assessment-level framework). It is planning to extend the visa processing to to low-risk institution that offer university degree courses. The minsiters are of the openion that the change will boost the training and vocational education sector of the country.
RBI hikes repo rate by 0.25%, brace for bigger EMIs
To fight inflation, the Reserve Bank Governor has again raised interest rates. This move will result in banks raising interest rate making living tough for the already suffering common man. Raghuram Rajan, The RBI governor claims the decision to hike the main lending or repo rate from 0.25 per cent to 7.75 per cent will be helpful in fighting inflation.
The inflation is expected to last till the end of this fiscal year (March). Let us wait and see if these efforts can help the already slumbering rupee perform well. However, both the stock market and rupee have in fact positively responded towards the new policies. Let us hope that the new regime will bring in positive changes to the slow paced Indian economy.