Walmart to pay college, book costs for full, part-time staff
Walmart Inc on Tuesday said it will pay the full cost of college tuition and books for its roughly 1.5 million full and part-time employees, effective August 16. The largest private US employer said it will drop the current $1 a day fee paid by associates at Walmart and its subsidiary Sam's Club.
Flipkart eyes 2X growth in 'pay later' offer
Walmart-owned Flipkart is working on expanding its 'Pay Later' credit offering and aims to clock 2X growth over the next six months.Currently, there are over 2.8 million customers who have adopted Flipkart Pay Later and have made more than 42 million transactions on the platform to date.
Share of non-fossil fuel based generation capacity rises to 39%
Non-fossil fuel sources now account for 39% of India’s power generation capacity, a fact that will help the country surpass its NDC (nationally determined contribution), or carbon reduction commitment under the Paris climate agreement, thanks to the Narendra Modi government’s aggressive renewable energy programme.
IMF slashes India's GDP growth forecast to 9.5% for FY22
The International Monetary Fund (IMF) slashed India's growth forecast to 9.5 per cent for the fiscal year 2021-22, a report released on Tuesday showed. Previously in April, IMF had projected India's gross domestic product (GDP) to grow at 12.5 per cent.
IndiGo sees highest ever quarterly loss of Rs 3,174cr in Q1
The pandemic has sent what was once India’s only profitable airline, IndiGo, in deep red. The low cost carrier (LCC) on Tuesday reported a loss of Rs 3,174.2 crore in April-June, 2021, as against a loss of Rs 2842.6 crore in same period last year.