Central Political Bureau Meeting Signals Important Economic Shifts with Multiple "Firsts"
Amazon Global Store Sets Up Office in Nanjing
The increase in export volume was largely driven by strong demand for Chinese goods in key markets such as the European Union, Southeast Asia, and the United States. This demonstrates the diverse export portfolio and market presence that Chinese exporters have cultivated over the years. The ability to diversify their customer base has helped Chinese exporters weather the storm of trade tensions and global economic uncertainties.In the world of table tennis, one name has consistently stood out for the past 50 weeks - Sun Yingsha. The Chinese phenom has once again secured the top spot in the women's singles rankings, solidifying her status as the undisputed queen of the sport.
The issuance of such a substantial sum of loans underscores the commitment of the government to bolster the growth and resilience of small and micro enterprises, which are the backbone of the economy. These enterprises play a vital role in creating jobs, driving innovation, and fostering economic development, especially in times of uncertainty and volatility.5 Waterproof Gadgets Perfect For Winter Camping
In conclusion, the recent drop in oil prices has brought relief to consumers and industries around the world. However, the underlying factors driving this decline raise questions about the future trajectory of oil prices and the stability of the oil market. It remains to be seen how governments and industry players will respond to the changing landscape of the oil industry and navigate the challenges ahead. As we move into the new year, all eyes will be on the oil market to see how prices evolve and what impact they will have on the global economy.
In conclusion, Sun Yingsha's 50-week reign at the top of the world rankings is a testament to her exceptional talent, hard work, and unwavering determination. Her ability to dominate the women's singles scene with such consistency and authority sets her apart as one of the greatest players in the history of table tennis. As she continues to push the boundaries of the sport and inspire fans around the world, Sun Yingsha's legacy is sure to endure for years to come.Movie lovers can look forward to experiencing the magic of Dolby Vision and Dolby Atmos at Golden Emperor Cinemas in the coming months, as the cinema chain prepares to unveil its enhanced audiovisual offerings. With the combination of stunning visual quality and immersive sound, Golden Emperor Cinemas is set to become the go-to destination for a premium cinematic experience that will transport audiences to new realms of movie magic.
Sheraton Grand Doha wins at World Travel Awards
Accenture Plc’s renewed hiring—it added 49,000 people globally in the last six months—suggests technology services companies expect a much better growth in the coming months, according to analysts. The Dublin-headquartered company’s hiring spree paints a sanguine outlook for homegrown IT services companies that are expected to record better growth in the coming quarters, the analysts said. Accenture, which ended November 2024 with 799,000 employees, added 24,000 employees in the June-August 2024 period and 25,000 employees in the three months through November 2024. Its new recruits in the last six months alone make up about 6% of its overall workforce. Accenture follows a September-August accounting year. India’s $254-billion software services industry, with big names like Tata Consultancy Services (TCS) Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd, and Tech Mahindra Ltd, reported their slowest revenue growth of 3.3% last year due to macroeconomic uncertainties. TCS, Infosys, and HCLTech grew 4.1%, 1.9%, and 5.4% on a yearly basis to respectively report $29.1 billion, $18.6 billion, and $13.3 billion in revenue for the year ended March 2024. Wipro and Tech Mahindra reported a yearly decline in revenue of 3.8% and 5% to $10.8 billion and $6.3 billion respectively. Also Read: Some analysts said a recovery is on the cards. “While a strong recovery of discretionary demand may take a few quarters, it is unlikely to worsen further, in our view," said Nomura analysts Abhishek Bhandari and Krish Beriwal in a note dated 19 September. “Onset of the interest rate cut cycle from September 2024 and a potential thaw in decision-making by US corporates post-US elections in November 2024 could provide a fillip to demand, in our view." Renewed hiring, which is an indicator of growth, suggests that homegrown IT services companies could also record better growth in the coming fiscal. “With the full employment situation in the US and expected economic stimulation from tax cuts in 2025, I anticipate a good year ahead for Indian IT with US corporate customers," said Phil Fersht, CEO and chief analyst, HFS Research. As the IT industry rebounds, headcount increase across software companies will be needed to meet the growing demand. “Growth has bottomed out and recovery is on the cards. While increasing headcount will be required to meet the additional demand for tech services now, the only uncertainty is the pace of recovery," said Pramod Gubbi, founder of Marcellus Investment Managers. “Strong headcount addition by Accenture does indicate improved demand. But demand may still not be as broad-based, as Accenture’s hiring could be aligned with strong order bookings in recent past, where it might have won against Indian peers. That said, headcount addition should continue for India IT services players as well, as they rebuild bench and correct pyramid," said Abhishek Kumar, equity research analyst with JM Financial Ltd. Indian IT services companies have already started adding headcount in anticipation of rising demand for their services. Four of the country’s top five IT services companies, including TCS, Infosys, Wipro, and Tech Mahindra, have added people since this fiscal year began in April. TCS added 11,178 employees in the first two quarters of FY25, compared to a fall in headcount of 5,900 in the same period last year. In total, TCS ended the September quarter with 612,724 employees. The company had outlined its plans to onboard 40,000 employees in the current fiscal ending March 2025. Also Read: Bengaluru-based Infosys added 598 net new jobs in the first half of the fiscal, compared to a fall in headcount by 14,470 in the first half of last fiscal. It ended the September quarter with 317,788 employees. The company is looking to hire 15,000 - 20,000 freshers for the year ended March 2025. Wipro added 1,315 employees since April this year. It had reduced its workforce by 13,863 employees in the first half of the last fiscal. It ended September 2024 with 233,889 employees. The Bengaluru-based IT services company aims to add up to 12,000 freshers by the end of this fiscal. Pune-headquartered Tech Mahindra Ltd increased its workforce by 8,818 since the start of the fiscal. This is against a net headcount reduction of 1,796 in the first half of the previous fiscal. Tech Mahindra ended the three months through September 2024 with 154,273 employees. By contrast, Noida-based HCLTech, the country's third-largest IT company, reduced headcount in the first half of this fiscal as well as the previous one. This fiscal, it cut 8,860 jobs after it got out of a joint venture with State Street, a Boston-based financial services provider. It had slashed 4,805 jobs in H1FY24. It ended the September quarter with 218,621 employees. Despite the reduced headcount, the company aims to add 10,000 freshers by the end of the current financial year. Accenture taps India's skilled talent pool For now, Accenture’s management attributed the hiring, now for the third consecutive quarter, to its business picking up. “So we did add about 24,000 people in the first quarter, which is really reflective of the momentum that we see in our business," said Angie Park, chief financial officer of Accenture, in the company’s post-earnings conference call with analysts on 19 December. Accenture reported $17.7 billion in revenue for the three months ended November 2024, up 7.8% sequentially. The NYSE-listed company got much of this new talent from India, where most of its employees are based, but did not mention what percentage of the new talent came from acquiring new companies. “Looking ahead, we'll continue to hire for the demand that we see and the skills that we need. And I'll give you a little bit more context that the hiring that we saw this quarter, similar to last, was that it was concentrated in India," said Park. The company attributed the hiring from India to the availability of skilled talent. Also Read: “And so they really are looking for optimization of the right skills because a big piece of why people, for example, use India, is about skills, right? 10 years ago, it was about labor arbitrage, right? Today, it is about the ability to get these skills at scale," said Julie Sweet, chief executive of Accenture, at the company’s post-earnings press conference, while answering a question on clients wanting employees working from their own locations. While Sweet considers India’s talent pool as skilled, placement officers at the country’s engineering colleges that supply workforce to these companies are highlighting a growing demand for this skilled talent. “Companies today prefer to hire students skilled in AI, machine learning, and data analytics to name a few because these technologies are used across domains in different fields," said Sridhar K.S., dean of placement and training at PES University in Bengaluru. A second placement officer said the demand for skilled graduates has risen. “The companies have been asking us for skilled talent more now than they had in the past, as there are plenty of new technologies now," said Ranganath D, dean of placements at R.V. College of Engineering in Bengaluru. “Today, companies want students who have been skilled in AI, data analytics and machine learning and we encourage our students to take up such courses."
In conclusion, the approval of the dissolution of four more banks marks another significant step in the ongoing reform and restructuring of the rural banking system. By addressing the challenges facing small and medium-sized financial institutions and promoting greater financial inclusion, regulators aim to create a more robust and resilient banking sector that can better support economic growth and development. Through strategic planning, collaboration, and adherence to high standards of governance and transparency, stakeholders in the banking industry can pave the way for a more prosperous and sustainable future.1. Nemanja Vidic - The commanding Serbian center-back was a rock at the heart of United's defense during his time at the club. After retiring in 2016, Vidic has dabbled in coaching and punditry.
The journey to creating the perfect hairstyle began weeks ago when Zhang Zao, a well-known actor, and model, approached Xiao Hua for a fresh new look. Known for his versatility and charm on screen, Zhang Zao was eager to experiment with a unique hairstyle that would set him apart from the rest. Recognizing the importance of this opportunity, Xiao Hua, a renowned hairstylist with a flair for innovative designs, eagerly took on the challenge.