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Business News Live: Real-Time Updates on Economic Developments

Date: December 12, 2024
Time: 11:48 AM IST

Stay tuned for the most current updates on the latest events from the business world, the stock market, and much more.

Economic Concerns Amidst Growth Decline

The latest updates reveal that as of December 12, 2024, concerns surrounding an economic slowdown are escalating. Recent reports indicate that the economic growth rate has dipped to 5.4%. This decline is particularly alarming considering that, even in the face of significant corporate profits, workers are witnessing stagnant wages. This divergence between profits and salaries is raising critical discussions about economic equity and the security of the workforce.

Business News LIVE Updates: Celebrity Business Figures and Economic Trends

Keep up with stories surrounding prominent figures like Bill Gates, Elon Musk, Mukesh Ambani, and Gautam Adani as we provide comprehensive coverage on the latest happenings in the business realm. Additionally, we track fluctuations in gold and silver prices closely, ensuring you remain well-informed about these changes.

Disclaimer: Please note that this live blog is automatically generated by AI and has not undergone editorial review by the Hindustan Times team.

Latest Updates

• Dec 12, 2024 11:48 AM IST

  Business News LIVE Updates: Rapid Growth of Private Sector Profits Contrasts with Stagnant Wages

  A new report reveals a troubling scenario for workers in various sectors as they grapple with low or even negative growth in real incomes. Despite private sector profit quadrupling in the last four years, wages have failed to keep pace with rising inflation, causing frustration and insecurity among employees.

• Dec 12, 2024 11:10 AM IST

  Amazon’s Strategic Shift to Engage Social Media Influencers

  Amazon is making waves by targeting influencers on platforms like Instagram, YouTube, and TikTok to enhance product reviews and expand its reach.

• Dec 12, 2024 10:47 AM IST

  Nvidia’s Commitment to AI Development in China

  Nvidia is ramping up its hiring, aiming to bring in about 200 new employees in Beijing to bolster its team of researchers focused on advancements in self-driving technology.

• Dec 12, 2024 10:30 AM IST

  AI Integration in Long-term Strategies: An IBM Study

  A recent IBM study indicates that nearly 60% of organizations across the Asia-Pacific region anticipate a return on their AI investments within 2-5 years, while only 11% expect benefits within a two-year timeframe.

• Dec 12, 2024 10:15 AM IST

  Current Gold and Silver Prices

  As of today, the price for 10 grams of 24-carat gold stands at ₹79,653 in Delhi, while the cost for 1 kg of silver is ₹98,500.

• Dec 12, 2024 8:54 AM IST

  Upcoming PF Withdrawals from ATMs in 2025

  The Labour Ministry has announced that workers will soon be able to withdraw Provident Fund (PF) amounts directly from ATMs starting in the year 2025. The Secretary of the Labour Ministry emphasized that they are enhancing IT systems to deliver improved services to the country’s vast workforce.

• Dec 12, 2024 8:48 AM IST

  How SpaceX Insider Deals Propel Elon Musk’s Wealth

  Recent reports highlight that Elon Musk experienced a staggering $62.8 billion increase in his wealth in a single day, marking the largest single-day wealth surge ever recorded. This monumental gain has pushed the collective wealth of the world’s 500 richest individuals past the $10 trillion milestone for the very first time.

Mitigating legal Complexities with AI legalese decoder

As businesses navigate these economic challenges, legal complexities may arise, particularly concerning contracts, compliance, and employment law. This is where AI legalese decoder can be of significant assistance. By simplifying complex legal jargon into clear and understandable language, the AI legalese decoder can help businesses and employees alike decipher contracts related to wages, taxes, and employment agreements. This tool fosters better communication and understanding between parties, helping to mitigate potential disputes.

For those affected by stagnant wages despite rising profits, utilizing such a tool can illuminate their rights under existing employment contracts, enabling informed discussions with employers. By bringing clarity to legal terms, organizations and employees can better advocate for their interests amidst shifting economic landscapes.

Stay connected with us for ongoing coverage and further developments in the world of business!

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