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The Jet engine manufacturer #RollsRoyce is planning to layoff thousands of its workers to streamline its operations.

The luxury car manufacturer has hired consultants led by McKinsey & Co. to advise on the same, the report said. #Layoffs2023

Read here: https://www.livemint.com/companies/news/rollsroyce-to-cut-thousands-of-jobs-report-says-11685286503597.html
Former RBI Governor #RaghuramRajan raised concerns about India’s booming mobile phone exports, cautioning that the growth is primarily propelled by assembly rather than genuine manufacturing within the country.

Read here: https://www.livemint.com/industry/manufacturing/indias-mobile-phone-exports-driven-by-assembly-not-manufacturing-raghuram-rajan-11685370043714.html