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Large companies cannibalising markets of small companies post-Covid: CMIE

Haryana s hiring rule spells disaster, industry group warns

India's northern state of Haryana, where several automakers, component suppliers and big tech firms are based, faces an investment and development crisis from a new hiring rule to tackle high unemployment, lobby groups warned on Thursday. The Federation of Indian Chambers of Commerce and Industry (FICCI) said the policy, which requires 75% of all low to mid-paying private sector jobs to go to locals, would spell disaster for Haryana's "industrial development and private investment". The 10-year rule, applicable to jobs paying up to 50,000 rupees ($690) a month, came into effect this week in the state as it faces worsening unemployment as a result of the coronavirus crisis.

Biz EOD: Large firms cannibalise small companies market; Tata ends Tesla tie-up rumours

Biz EOD: Large firms cannibalise small companies market; Tata ends Tesla tie-up rumours Catch top stories from the world of business and economy with BusinessToday.In s Biz EOD report BusinessToday.In | March 5, 2021 | Updated 22:34 IST Top stories from the world of business and economy As the Indian economy recovers from COVID-19 pandemic and subsequent lockdown, it is larger companies that have managed to stage a smart recovery even as small companies continue to face tough times, said the Centre for Monitoring Indian Economy. Tata Sons Chairman N Chandrasekaran has denied speculations on talks between Elon Musk s Tesla and Tata Motors for a possible tie-up in India and said products from both Tata Motors and its British company Jaguar and Land Rover are working well and that there s no need for any outside partner . Read for more top stories from the world of business and economy: 

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