Tag Archives: Shrinking

EPFO payroll data shows job growth in January after four months of shrinking

The payroll data released by Employee Provident Fund Organisation for the month of January 2018 has shown a growth in total jobs created after four months of a downward trend. The data showed that 76.48 lakh new employees were added to the social security schemes of the Employees’ Provident Fund Organisation (EPFO) from September 2017 to January 2019. Meanwhile, the ... Read More »

Xiaomi Says Shrinking Smartphone Sales Won’t Hit the Company

Sharp drops in smartphone sales for China’s Xiaomi Inc will not have a major impact on the company as profit growth will be driven by sales from smart home devices as well as revenue from its software eco-system, a senior executive said. Xiaomi was valued at $46 billion (roughly Rs. 3,14,938 crores) in its last fund-raising in 2014 – making ... Read More »