US jobs data: Job openings slide to near five-year low; hiring stays sluggish despite solid growth

US employers posted significantly fewer job openings in November, signalling that hiring remains subdued even as economic growth has picked up, according to data released by the Labor Department. Businesses and government agencies reported 7.1 million open jobs at the end of November, down from 7.4 million in October. While hiring remained weak, layoffs also…

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IndiGo disruptions: CCI seeks details from airline, DGCA; probe on dominant position underway

The Competition Commission of India (CCI) has sought information from IndiGo and aviation regulator DGCA to assess whether the country’s largest airline indulged in unfair business practices following widespread flight cancellations last month, PTI reported citing sources.In early December, IndiGo, which commands over 63% share of the domestic aviation market, faced major operational disruptions that…

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Anil Agarwal’s son dies in US

Agnivesh Agarwal, the eldest son of mining billionaire Anil Agarwal, passed away in the US. He was 49.Agnivesh, who was on the board of Vedanta group firm Talwandi Sabo Power Limited (TSPL), was recovering from an undisclosed illness at the time of his death.Anil Agarwal has two children: his late son, Agnivesh, and a daughter,…

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Warner Bros-Netflix deal: Company rejects Paramount takeover bid; backs $72-bn Netflix deal for studio and streaming business

Warner Bros. Discovery has once again turned down a takeover offer from Paramount, telling shareholders that the rival bid does not serve their interests and reiterating its recommendation to support a proposed $72 billion transaction with Netflix.In a statement on Wednesday, the company said its board had reviewed Paramount’s latest proposal and concluded that it…

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